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Indian (NIFTY) IT Industry Analysis

UpdatedAug 05, 2026
DataAggregated Company Financials
Companies164
  • 7D3.2%
  • 3M4.9%
  • 1Y-14.7%
  • YTD-20.8%

Over the last 7 days, the IT industry has risen 3.2%, driven by gains from Infosys of 1.6%. However, the industry is down 15% over the past year. Looking forward, earnings are forecast to grow by 8.2% annually.

Industry Valuation and Performance

Has the Indian IT Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 06 Aug 2026₹26.1t₹9.5t₹1.4t23.8x19.2x2.7x
Sat, 04 Jul 2026₹22.9t₹9.3t₹1.3t22.4x17.1x2.5x
Mon, 01 Jun 2026₹24.5t₹9.2t₹1.3t23.4x18.4x2.6x
Wed, 29 Apr 2026₹24.7t₹9.2t₹1.3t22.7x18.6x2.7x
Fri, 27 Mar 2026₹25.2t₹9.0t₹1.3t19.9x19.4x2.8x
Sun, 22 Feb 2026₹27.5t₹8.9t₹1.3t22x21.4x3.1x
Tue, 20 Jan 2026₹33.0t₹8.9t₹1.3t24.3x25.8x3.7x
Thu, 18 Dec 2025₹33.0t₹8.7t₹1.3t25.3x25.1x3.8x
Sat, 15 Nov 2025₹31.5t₹8.7t₹1.3t26.9x24.2x3.6x
Mon, 13 Oct 2025₹30.9t₹8.6t₹1.3t27.7x23.9x3.6x
Wed, 10 Sep 2025₹30.6t₹8.5t₹1.3t26.4x23.8x3.6x
Fri, 08 Aug 2025₹30.2t₹8.5t₹1.3t27.1x23.6x3.6x
Sun, 06 Jul 2025₹34.0t₹8.3t₹1.3t30x27.2x4.1x
Tue, 03 Jun 2025₹32.9t₹8.3t₹1.3t28.5x26.3x3.9x
Thu, 01 May 2025₹31.9t₹8.3t₹1.2t26.4x25.5x3.8x
Sat, 29 Mar 2025₹33.0t₹8.2t₹1.3t27.1x26.3x4x
Mon, 24 Feb 2025₹36.1t₹8.3t₹1.3t29x28.7x4.4x
Wed, 22 Jan 2025₹37.1t₹8.1t₹1.2t35.4x29.9x4.6x
Fri, 20 Dec 2024₹39.8t₹8.0t₹1.2t37.1x33.1x5x
Sun, 17 Nov 2024₹37.9t₹8.0t₹1.2t34.5x31.6x4.8x
Tue, 15 Oct 2024₹38.0t₹7.9t₹1.2t41.4x32.4x4.8x
Thu, 12 Sep 2024₹38.9t₹7.8t₹1.2t40.6x33.3x5x
Sat, 10 Aug 2024₹36.0t₹7.8t₹1.2t38.8x30.9x4.6x
Mon, 08 Jul 2024₹34.7t₹7.7t₹1.1t37.4x30.4x4.5x
Wed, 05 Jun 2024₹30.5t₹7.7t₹1.1t29.9x26.6x3.9x
Fri, 03 May 2024₹31.5t₹7.7t₹1.1t38.3x27.8x4.1x
Sun, 31 Mar 2024₹32.6t₹7.7t₹1.1t32.7x29.3x4.2x
Tue, 27 Feb 2024₹34.8t₹7.7t₹1.1t37x31.4x4.5x
Thu, 25 Jan 2024₹34.5t₹7.8t₹1.1t40.8x30.2x4.4x
Sat, 23 Dec 2023₹33.6t₹7.8t₹1.1t41.8x29.4x4.3x
Mon, 20 Nov 2023₹30.2t₹7.7t₹1.1t37.3x26.6x3.9x
Wed, 18 Oct 2023₹29.9t₹7.6t₹1.1t37.5x26.3x3.9x
Fri, 15 Sep 2023₹30.6t₹7.6t₹1.1t36.8x27.2x4x
Sun, 13 Aug 2023₹28.8t₹7.6t₹1.1t37.7x25.7x3.8x
Price to Earnings Ratio

25.7x


Total Market Cap: ₹28.8tTotal Earnings: ₹1.1tTotal Revenue: ₹7.6tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian IT Industry Price to Earnings3Y Average 26.5x202420252026
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 19.2x which is lower than its 3-year average PE of 26.5x.
  • The 3-year average PS ratio of 3.9x is higher than the industry's current PS ratio of 2.7x.
Past Earnings Growth
  • Total earnings for the IT industry have gone up over the last three years and the industry is now profitable.
  • Revenues have declined 43% per year.
  • This means that less sales are being generated overall, but since the cost of doing business is lower, profits have been increasing.

Industry Trends

Which industries have driven the changes within the Indian Tech industry?

IN Market2.19%
Tech3.50%
IT3.22%
Internet Services and Infrastructure8.96%
Data Processing Services6.21%
IT Consulting3.19%
Industry PE
  • Investors are most optimistic about the Internet Services and Infrastructure industry, which is trading close to its 3-year average PE ratio of 429x.
    • 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 26.4x.
Forecasted Growth
  • Analysts are most optimistic on the Data Processing Services industry, expecting annual earnings growth of 16% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the IT Consulting industry is expected to see its earnings grow by 8.2% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
INFY Infosys₹1.17k1.6%
+₹74.5b		-18.3%PE15x
COFORGE Coforge₹1.78k3.6%
+₹27.5b		8.5%PE44.8x
507685 Wipro₹186.051.4%
+₹24.7b		-22.5%PE13.9x
LTM LTM₹4.51k1.9%
+₹24.7b		-10.5%PE25.6x
E2E E2E Networks₹598.6521.8%
+₹21.6b		188.6%PE386.5x

Latest News

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Infosys
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