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Indian (NIFTY) IT Industry Analysis

UpdatedJul 17, 2025
DataAggregated Company Financials
Companies146
  • 7D-3.1%
  • 3M8.4%
  • 1Y-11.3%
  • YTD-16.1%

Over the last 7 days, the IT industry has dropped 3.1%, driven by Tata Consultancy Services declining 4.5%. Overall the industry is down 11% in 12 months. Earnings are forecast to grow by 8.5% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 17 Jul 2025₹32.6t₹8.4t₹1.3t31.3x26x3.9x
Sat, 14 Jun 2025₹33.7t₹8.4t₹1.3t30.3x26.9x4x
Mon, 12 May 2025₹31.9t₹8.3t₹1.3t25.7x25.4x3.8x
Wed, 09 Apr 2025₹30.0t₹8.3t₹1.3t25.4x23.9x3.6x
Fri, 07 Mar 2025₹34.0t₹8.3t₹1.3t26.6x27x4.1x
Sun, 02 Feb 2025₹37.7t₹8.1t₹1.2t33x30.3x4.6x
Tue, 31 Dec 2024₹38.8t₹8.0t₹1.2t34.9x32.2x4.8x
Thu, 28 Nov 2024₹39.3t₹8.0t₹1.2t38x32.8x4.9x
Sat, 26 Oct 2024₹37.4t₹8.0t₹1.2t36.8x31.3x4.7x
Mon, 23 Sep 2024₹38.3t₹7.8t₹1.2t40x32.8x4.9x
Wed, 21 Aug 2024₹38.3t₹7.8t₹1.2t39.6x32.8x4.9x
Fri, 19 Jul 2024₹37.0t₹7.8t₹1.2t39.9x31.9x4.7x
Sun, 16 Jun 2024₹32.4t₹7.7t₹1.1t33.5x28.3x4.2x
Tue, 14 May 2024₹31.5t₹7.8t₹1.1t35.5x27.7x4.1x
Thu, 11 Apr 2024₹33.2t₹7.7t₹1.1t38.3x29.8x4.3x
Sat, 09 Mar 2024₹34.7t₹7.7t₹1.1t36.7x31.3x4.5x
Mon, 05 Feb 2024₹35.0t₹7.8t₹1.1t43.5x30.9x4.5x
Wed, 03 Jan 2024₹33.3t₹7.8t₹1.1t42.3x29.2x4.3x
Fri, 01 Dec 2023₹31.0t₹7.8t₹1.1t39.4x27.1x4x
Sun, 29 Oct 2023₹28.6t₹7.7t₹1.1t40.1x25.4x3.7x
Tue, 26 Sep 2023₹30.3t₹7.6t₹1.1t36.5x27x4x
Thu, 24 Aug 2023₹28.8t₹7.6t₹1.1t37.2x25.7x3.8x
Sat, 22 Jul 2023₹28.0t₹7.5t₹1.1t34.6x25x3.7x
Mon, 19 Jun 2023₹27.0t₹7.4t₹1.1t33.6x24.6x3.7x
Wed, 17 May 2023₹26.9t₹7.4t₹1.1t28.1x24.3x3.6x
Fri, 14 Apr 2023₹26.8t₹7.2t₹1.1t24.4x24.6x3.7x
Sun, 12 Mar 2023₹28.8t₹7.4t₹1.1t24.6x26.9x3.9x
Tue, 07 Feb 2023₹29.8t₹7.4t₹1.1t26.4x27.8x4x
Thu, 05 Jan 2023₹28.4t₹7.1t₹1.1t25.5x27x4x
Sat, 03 Dec 2022₹30.4t₹7.1t₹1.0t26.2x29.1x4.3x
Mon, 31 Oct 2022₹27.5t₹7.1t₹1.0t23.5x26.2x3.9x
Wed, 28 Sep 2022₹26.2t₹6.8t₹1.0t23x25.3x3.8x
Fri, 26 Aug 2022₹27.8t₹6.8t₹1.0t25.3x27.2x4.1x
Sun, 24 Jul 2022₹27.4t₹6.6t₹1.0t26.7x26.7x4.1x
Price to Earnings Ratio

26.7x


Total Market Cap: ₹27.4tTotal Earnings: ₹1.0tTotal Revenue: ₹6.6tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian IT Industry Price to Earnings3Y Average 28x202320242025
Current Industry PE
  • Investors are relatively neutral on the Indian IT industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 28.0x.
  • The industry is trading close to its 3-year average PS ratio of 4.2x.
Past Earnings Growth
  • The earnings for companies in the IT industry have grown 7.0% per year over the last three years.
  • Revenues for these companies have grown 8.2% 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-0.099%
Tech-2.29%
IT-3.08%
Data Processing Services2.24%
IT Consulting-3.08%
Internet Services and Infrastructure-6.36%
Industry PE
  • Investors are most optimistic about the Data Processing Services industry which is trading above its 3-year average PE ratio of 10.0x.
    • Analysts are expecting annual earnings growth of 16.9%, which is lower than the prior year's growth of 31.6% per year.
  • Investors are most pessimistic about the IT Consulting industry, which is trading close to its 3-year average of 27.7x.
Forecasted Growth
  • Analysts are most optimistic on the Data Processing Services industry, expecting annual earnings growth of 17% over the next 5 years.
  • However this is lower than its past earnings growth rate of 32% per year.
  • In contrast, the IT Consulting industry is expected to see its earnings grow by 8.5% 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
TATATECH Tata Technologies₹734.604.4%
+₹12.4b
-27.6%PE43.5x
538891 Magellanic Cloud₹97.2427.1%
+₹12.1b
-24.2%PE55.3x
526433 ASM Technologies₹2.88k8.3%
+₹7.8b
87.7%PE150.4x
SAKSOFT Saksoft₹247.457.9%
+₹2.3b
0.1%PE29.1x
500463 Black Box₹542.902.2%
+₹2.0b
36.1%PE45x

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