₹3,890: That's What Analysts Think Tata Consultancy Services Limited (NSE:TCS) Is Worth After Its Latest Results
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Indian (NIFTY) IT Industry Analysis
UpdatedApr 17, 2025
DataAggregated Company Financials
Companies144
- 7D2.2%
- 3M-22.7%
- 1Y-7.1%
- YTD-22.7%
The IT industry is up 2.2% in the last week, with HCL Technologies up 3.7%. During this same period, the TechNVision Ventures underperformed, falling 14%. However, the industry is down 7.1% over the past year. Earnings are forecast to grow by 9.8% annually.
Industry Valuation and Performance
Has the Indian IT Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 17 Apr 2025 | ₹30.0t | ₹8.3t | ₹1.3t | 26.9x | 24x | 3.6x |
| Sat, 15 Mar 2025 | ₹32.4t | ₹8.3t | ₹1.3t | 25.5x | 25.7x | 3.9x |
| Mon, 10 Feb 2025 | ₹37.6t | ₹8.2t | ₹1.3t | 32.4x | 30.1x | 4.6x |
| Wed, 08 Jan 2025 | ₹38.2t | ₹8.0t | ₹1.2t | 34.5x | 31.7x | 4.8x |
| Fri, 06 Dec 2024 | ₹40.2t | ₹8.0t | ₹1.2t | 35.9x | 33.5x | 5x |
| Sun, 03 Nov 2024 | ₹36.4t | ₹8.0t | ₹1.2t | 37.1x | 30.4x | 4.6x |
| Tue, 01 Oct 2024 | ₹38.1t | ₹7.8t | ₹1.2t | 39.7x | 32.6x | 4.9x |
| Thu, 29 Aug 2024 | ₹38.9t | ₹7.8t | ₹1.2t | 40.5x | 33.3x | 5x |
| Sat, 27 Jul 2024 | ₹37.7t | ₹7.8t | ₹1.2t | 40.7x | 32.3x | 4.8x |
| Mon, 24 Jun 2024 | ₹32.7t | ₹7.7t | ₹1.1t | 34.3x | 28.6x | 4.2x |
| Wed, 22 May 2024 | ₹31.4t | ₹7.7t | ₹1.1t | 36.6x | 27.7x | 4.1x |
| Fri, 19 Apr 2024 | ₹31.7t | ₹7.8t | ₹1.1t | 38.4x | 27.8x | 4.1x |
| Sun, 17 Mar 2024 | ₹35.1t | ₹7.7t | ₹1.1t | 34x | 31.6x | 4.6x |
| Tue, 13 Feb 2024 | ₹35.2t | ₹7.7t | ₹1.1t | 41.1x | 31.7x | 4.6x |
| Thu, 11 Jan 2024 | ₹32.9t | ₹7.8t | ₹1.1t | 43.6x | 28.8x | 4.2x |
| Sat, 09 Dec 2023 | ₹31.8t | ₹7.8t | ₹1.1t | 39.5x | 27.8x | 4.1x |
| Mon, 06 Nov 2023 | ₹28.9t | ₹7.7t | ₹1.1t | 39.2x | 25.5x | 3.7x |
| Wed, 04 Oct 2023 | ₹29.7t | ₹7.6t | ₹1.1t | 37.3x | 26.4x | 3.9x |
| Fri, 01 Sep 2023 | ₹28.8t | ₹7.6t | ₹1.1t | 36.6x | 25.7x | 3.8x |
| Sun, 30 Jul 2023 | ₹27.8t | ₹7.5t | ₹1.1t | 32.6x | 24.9x | 3.7x |
| Tue, 27 Jun 2023 | ₹27.0t | ₹7.4t | ₹1.1t | 33x | 24.6x | 3.7x |
| Thu, 25 May 2023 | ₹27.4t | ₹7.4t | ₹1.1t | 26.2x | 24.8x | 3.7x |
| Sat, 22 Apr 2023 | ₹25.8t | ₹7.2t | ₹1.1t | 25.3x | 23.6x | 3.6x |
| Mon, 20 Mar 2023 | ₹27.2t | ₹7.1t | ₹1.1t | 23.9x | 25.2x | 3.8x |
| Wed, 15 Feb 2023 | ₹30.0t | ₹7.4t | ₹1.1t | 25.4x | 28x | 4.1x |
| Fri, 13 Jan 2023 | ₹28.5t | ₹7.2t | ₹1.1t | 25.5x | 27x | 4x |
| Sun, 11 Dec 2022 | ₹28.8t | ₹7.1t | ₹1.0t | 26x | 27.4x | 4x |
| Tue, 08 Nov 2022 | ₹27.9t | ₹7.1t | ₹1.0t | 23.5x | 26.7x | 3.9x |
| Thu, 06 Oct 2022 | ₹26.7t | ₹6.8t | ₹1.0t | 24.1x | 25.9x | 3.9x |
| Sat, 03 Sep 2022 | ₹27.0t | ₹6.8t | ₹1.0t | 25.6x | 26.4x | 4x |
| Mon, 01 Aug 2022 | ₹28.3t | ₹6.7t | ₹1.0t | 25.6x | 27.7x | 4.2x |
| Wed, 29 Jun 2022 | ₹27.9t | ₹6.4t | ₹1.0t | 26.7x | 27.5x | 4.4x |
| Fri, 27 May 2022 | ₹26.9t | ₹6.4t | ₹1.0t | 25.7x | 26.5x | 4.2x |
| Sun, 24 Apr 2022 | ₹31.2t | ₹6.3t | ₹1.0t | 31.6x | 31x | 5x |
Price to Earnings Ratio
31x
Current Industry PE
- Investors are pessimistic on the Indian IT industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 24.0x which is lower than its 3-year average PE of 28.1x.
- The 3-year average PS ratio of 4.2x is higher than the industry's current PS ratio of 3.6x.
Past Earnings Growth
- The earnings for companies in the IT industry have grown 7.6% per year over the last three years.
- Revenues for these companies have grown 9.6% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Indian Tech industry?
| IN Market | 5.34% | |
| Tech | 3.10% | |
| IT | 2.20% | |
| Internet Services and Infrastructure | 9.44% | |
| Data Processing Services | 8.89% | |
| IT Consulting | 2.19% | |
Industry PE
- Investors are most optimistic about the Internet Services and Infrastructure industry even though it's trading below its 3-year average PE ratio of 58.9x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
- Investors are most pessimistic about the IT Consulting industry, which is trading below its 3-year average of 27.8x.
Forecasted Growth
- Analysts are most optimistic on the Data Processing Services industry, expecting annual earnings growth of 19% over the next 5 years.
- However this is lower than its past earnings growth rate of 31% per year.
- In contrast, the IT Consulting industry is expected to see its earnings grow by 9.8% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| TCS Tata Consultancy Services | ₹3.30k | 1.6% +₹189.2b | -14.6% | PE24.6x | |
| HCLTECH HCL Technologies | ₹1.44k | 4.2% +₹157.2b | -2.0% | PE22.5x | |
| INFY Infosys | ₹1.42k | 1.1% +₹65.5b | 0.02% | PE20.8x | |
| PERSISTENT Persistent Systems | ₹4.84k | 9.8% +₹64.4b | 25.8% | PE54.5x | |
| TECHM Tech Mahindra | ₹1.31k | 2.7% +₹30.1b | 10.8% | PE30.9x |
