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Sep 18
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Indian (NIFTY) IT Industry Analysis
UpdatedSep 18, 2025
DataAggregated Company Financials
Companies152
- 7D1.0%
- 3M-6.3%
- 1Y-18.9%
- YTD-18.6%
In the last week, the IT industry is flat overall, with TechNVision Ventures standing out by going down 12%. Unfortunately though, the industry is down 19% over the past 12 months. Earnings are forecast to grow by 8.0% 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, 18 Sep 2025 | ₹31.7t | ₹8.5t | ₹1.3t | 27x | 24.7x | 3.7x |
| Sat, 16 Aug 2025 | ₹30.3t | ₹8.5t | ₹1.3t | 26.5x | 23.6x | 3.6x |
| Mon, 14 Jul 2025 | ₹32.7t | ₹8.4t | ₹1.3t | 30.4x | 26x | 3.9x |
| Wed, 11 Jun 2025 | ₹33.7t | ₹8.3t | ₹1.3t | 30.2x | 26.9x | 4x |
| Fri, 09 May 2025 | ₹32.0t | ₹8.3t | ₹1.3t | 26x | 25.5x | 3.8x |
| Sun, 06 Apr 2025 | ₹30.2t | ₹8.2t | ₹1.3t | 25.7x | 24.1x | 3.7x |
| Tue, 04 Mar 2025 | ₹33.4t | ₹8.3t | ₹1.3t | 25.8x | 26.5x | 4x |
| Thu, 30 Jan 2025 | ₹37.7t | ₹8.1t | ₹1.2t | 34.3x | 30.3x | 4.6x |
| Sat, 28 Dec 2024 | ₹38.7t | ₹8.0t | ₹1.2t | 35.4x | 32.2x | 4.8x |
| Mon, 25 Nov 2024 | ₹38.7t | ₹8.0t | ₹1.2t | 37x | 32.3x | 4.8x |
| Wed, 23 Oct 2024 | ₹37.0t | ₹7.9t | ₹1.2t | 37.7x | 30.9x | 4.7x |
| Fri, 20 Sep 2024 | ₹38.1t | ₹7.8t | ₹1.2t | 39.6x | 32.6x | 4.9x |
| Sun, 18 Aug 2024 | ₹37.6t | ₹7.8t | ₹1.2t | 38.8x | 32.2x | 4.8x |
| Tue, 16 Jul 2024 | ₹36.0t | ₹7.8t | ₹1.2t | 39.9x | 31.1x | 4.6x |
| Thu, 13 Jun 2024 | ₹32.4t | ₹7.7t | ₹1.1t | 33.9x | 28.3x | 4.2x |
| Sat, 11 May 2024 | ₹31.3t | ₹7.7t | ₹1.1t | 37x | 27.6x | 4x |
| Mon, 08 Apr 2024 | ₹33.1t | ₹7.7t | ₹1.1t | 38.7x | 29.8x | 4.3x |
| Wed, 06 Mar 2024 | ₹34.2t | ₹7.7t | ₹1.1t | 35.8x | 30.8x | 4.5x |
| Fri, 02 Feb 2024 | ₹34.2t | ₹7.8t | ₹1.1t | 43x | 30.2x | 4.4x |
| Sun, 31 Dec 2023 | ₹33.5t | ₹7.8t | ₹1.1t | 42.1x | 29.3x | 4.3x |
| Tue, 28 Nov 2023 | ₹30.0t | ₹7.7t | ₹1.1t | 37.3x | 26.4x | 3.9x |
| Thu, 26 Oct 2023 | ₹28.6t | ₹7.7t | ₹1.1t | 38.1x | 25.2x | 3.7x |
| Sat, 23 Sep 2023 | ₹30.5t | ₹7.6t | ₹1.1t | 36.5x | 27.2x | 4x |
| Mon, 21 Aug 2023 | ₹28.6t | ₹7.6t | ₹1.1t | 35.7x | 25.4x | 3.8x |
| Wed, 19 Jul 2023 | ₹29.4t | ₹7.5t | ₹1.1t | 32.1x | 26.2x | 3.9x |
| Fri, 16 Jun 2023 | ₹27.2t | ₹7.4t | ₹1.1t | 34x | 24.7x | 3.7x |
| Sun, 14 May 2023 | ₹26.8t | ₹7.4t | ₹1.1t | 27.2x | 24.2x | 3.6x |
| Tue, 11 Apr 2023 | ₹27.2t | ₹7.1t | ₹1.1t | 26x | 25.2x | 3.8x |
| Thu, 09 Mar 2023 | ₹29.3t | ₹7.4t | ₹1.1t | 24.7x | 27.3x | 4x |
| Sat, 04 Feb 2023 | ₹29.9t | ₹7.4t | ₹1.1t | 26.7x | 28.1x | 4.1x |
| Mon, 02 Jan 2023 | ₹28.3t | ₹7.1t | ₹1.0t | 25.7x | 26.9x | 4x |
| Wed, 30 Nov 2022 | ₹29.9t | ₹7.1t | ₹1.0t | 24.8x | 28.6x | 4.2x |
| Fri, 28 Oct 2022 | ₹27.6t | ₹7.1t | ₹1.0t | 24x | 26.4x | 3.9x |
| Sun, 25 Sep 2022 | ₹25.8t | ₹6.8t | ₹1.0t | 23.8x | 25.1x | 3.8x |
Price to Earnings Ratio
25.1x
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 24.7x which is lower than its 3-year average PE of 27.8x.
- The 3-year average PS ratio of 4.1x is higher than the industry's current PS ratio of 3.7x.
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 7.8% 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 | 1.75% | |
| Tech | 1.13% | |
| IT | 0.98% | |
| Data Processing Services | 1.43% | |
| IT Consulting | 1.00% | |
| Internet Services and Infrastructure | -4.79% | |
Industry PE
- Investors are most optimistic about the Data Processing Services industry which is trading above its 3-year average PE ratio of 27.6x.
- Analysts are expecting annual earnings growth of 16.5%, which is lower than the prior year's growth of 22.2% per year.
- Investors are most pessimistic about the IT Consulting industry, which is trading below its 3-year average of 27.6x.
Forecasted Growth
- Analysts are most optimistic on the Data Processing Services industry, expecting annual earnings growth of 16% over the next 5 years.
- However this is lower than its past earnings growth rate of 22% per year.
- In contrast, the IT Consulting industry is expected to see its earnings grow by 8.0% 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 | ₹3.18k | 1.7% +₹189.9b | -26.1% | PE23.3x | |
| INFY Infosys | ₹1.54k | 2.0% +₹128.1b | -18.7% | PE22.6x | |
| HCLTECH HCL Technologies | ₹1.49k | 1.8% +₹70.7b | -14.0% | PE23x | |
| LTIM LTIMindtree | ₹5.52k | 4.4% +₹69.1b | -13.4% | PE34.7x | |
| 507685 Wipro | ₹256.85 | 1.1% +₹30.4b | -3.7% | PE20x |
