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Indian (NIFTY) IT Consulting Industry Analysis

UpdatedNov 06, 2025
DataAggregated Company Financials
Companies152
  • 7D-2.1%
  • 3M0.8%
  • 1Y-20.4%
  • YTDn/a

Over the last 7 days, the IT Consulting industry has dropped 2.1%, driven by Tata Consultancy Services declining 2.2%. Meanwhile, ASM Technologies actually outperformed within the industry, gaining 8.9% in the last week. However, the industry is down 20% over the past year. Earnings are forecast to grow by 8.3% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 06 Nov 2025₹30.5t₹8.7t₹1.3t27.5x23.5x3.5x
Sat, 04 Oct 2025₹29.5t₹8.6t₹1.3t25.6x22.8x3.4x
Mon, 01 Sep 2025₹30.6t₹8.5t₹1.3t26.1x23.8x3.6x
Wed, 30 Jul 2025₹30.7t₹8.5t₹1.3t28.8x24x3.6x
Fri, 27 Jun 2025₹34.0t₹8.3t₹1.3t30.5x27.2x4.1x
Sun, 25 May 2025₹33.1t₹8.3t₹1.3t28.8x26.5x4x
Tue, 22 Apr 2025₹30.6t₹8.3t₹1.2t27.3x24.6x3.7x
Thu, 20 Mar 2025₹32.4t₹8.3t₹1.3t25.5x25.8x3.9x
Sat, 15 Feb 2025₹36.5t₹8.1t₹1.2t29.1x29.3x4.5x
Mon, 13 Jan 2025₹39.5t₹8.1t₹1.2t34.7x32.4x4.9x
Wed, 11 Dec 2024₹40.3t₹8.0t₹1.2t38.4x33.6x5.1x
Fri, 08 Nov 2024₹37.5t₹8.0t₹1.2t38.6x31.3x4.7x
Sun, 06 Oct 2024₹37.9t₹7.8t₹1.2t37x32.5x4.8x
Tue, 03 Sep 2024₹39.3t₹7.8t₹1.2t39.8x33.7x5x
Thu, 01 Aug 2024₹37.6t₹7.8t₹1.2t41.1x32.2x4.8x
Sat, 29 Jun 2024₹33.5t₹7.7t₹1.1t35.7x29.3x4.3x
Mon, 27 May 2024₹31.7t₹7.7t₹1.1t35.5x27.9x4.1x
Wed, 24 Apr 2024₹32.0t₹7.7t₹1.1t36.6x28.1x4.1x
Fri, 22 Mar 2024₹33.6t₹7.7t₹1.1t32.9x30.3x4.4x
Sun, 18 Feb 2024₹35.6t₹7.7t₹1.1t35.9x32.1x4.6x
Tue, 16 Jan 2024₹34.9t₹7.8t₹1.1t44x30.7x4.5x
Thu, 14 Dec 2023₹31.5t₹7.8t₹1.1t41.8x27.6x4x
Sat, 11 Nov 2023₹28.8t₹7.7t₹1.1t37x25.4x3.7x
Mon, 09 Oct 2023₹30.2t₹7.6t₹1.1t35.5x26.9x4x
Wed, 06 Sep 2023₹29.8t₹7.6t₹1.1t36.5x26.5x3.9x
Fri, 04 Aug 2023₹28.2t₹7.5t₹1.1t32x25.1x3.7x
Sun, 02 Jul 2023₹27.9t₹7.4t₹1.1t33.6x25.4x3.8x
Tue, 30 May 2023₹27.7t₹7.4t₹1.1t25.6x25x3.7x
Thu, 27 Apr 2023₹26.0t₹7.2t₹1.1t24.9x23.9x3.6x
Sat, 25 Mar 2023₹26.4t₹7.1t₹1.1t23.5x24.5x3.7x
Mon, 20 Feb 2023₹29.3t₹7.1t₹1.1t25.2x27.1x4.1x
Wed, 18 Jan 2023₹28.3t₹7.0t₹1.1t25.7x26.4x4.1x
Fri, 16 Dec 2022₹27.8t₹6.8t₹1.1t25.7x26.3x4.1x
Sun, 13 Nov 2022₹27.8t₹6.8t₹1.0t23.7x26.6x4.1x
Price to Earnings Ratio

26.6x


Total Market Cap: ₹27.8tTotal Earnings: ₹1.0tTotal Revenue: ₹6.8tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian IT Consulting Industry Price to Earnings3Y Average 27.6x202320242025
Current Industry PE
  • Investors are pessimistic on the Indian IT Consulting and Other Services 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 23.5x which is lower than its 3-year average PE of 27.6x.
  • The 3-year average PS ratio of 4.1x is higher than the industry's current PS ratio of 3.5x.
Past Earnings Growth
  • The earnings for companies in the IT Consulting and Other Services industry have grown 7.5% per year over the last three years.
  • Revenues for these companies have grown 8.6% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Comparison

How does Indian IT Consulting compare with similar industries?

IN Market-0.94%
Tech-2.03%
IT-2.07%
IT Consulting-2.07%
Data Processing Services0.88%
Internet Services and Infrastructure0.64%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
526433 ASM Technologies₹3.93k12.0%
+₹6.1b		155.8%PE147.9x
KODYTECH Kody Technolab₹680.1018.8%
+₹1.4b		-57.0%PE49.2x
538734 Ceinsys Tech₹1.39k5.2%
+₹1.2b		21.7%PE29.9x
SAHANA Sahana System₹1.13k11.1%
+₹998.2m		-17.6%PE25.6x
SAKSOFT Saksoft₹195.962.8%
+₹681.4m		-13.9%PE21.6x

Latest News

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Mphasis
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HCLTECH
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HCL Technologies
7D
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1Y
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HCL Technologies (NSE:HCLTECH) Seems To Use Debt Rather Sparingly

Nov 06
HCL Technologies (NSE:HCLTECH) Seems To Use Debt Rather Sparingly
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Spice Lounge Food Works
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KODYTECH
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Kody Technolab
7D
18.8%
1Y
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SAHANA
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Sahana System
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1Y
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533982
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Tera Software
7D
9.2%
1Y
421.8%
504067
₹703.75
Zensar Technologies
7D
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1Y
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507685
₹240.00
Wipro
7D
-0.8%
1Y
-14.8%

507685: AI-Led Cloud And Security Deals Will Shape Future Prospects

Wipro's analyst price target has seen a slight downward revision from ₹254.33 to ₹252.98 as analysts factor in minor adjustments to discount rate, revenue growth, and profit margin expectations. What's in the News Wipro signed a multi-year strategic agreement with HanesBrands Inc.
TECHM
₹1,413.60
Tech Mahindra
7D
-1.4%
1Y
-14.4%

TECHM: Future Partnerships And Digital Expansion Will Sustain Balanced Performance

Analysts maintained their price target for Tech Mahindra at ₹1,570.83, citing stable forecasts for revenue growth and profit margin as supporting factors behind their unchanged outlook. Analyst Commentary Bullish Takeaways Bullish analysts highlight that Tech Mahindra's consistent revenue growth projections provide a solid foundation for its current valuation.
538734
₹1,388.45
Ceinsys Tech
7D
5.2%
1Y
21.7%
INFY
₹1,466.70
Infosys
7D
-1.8%
1Y
-18.7%

INFY: Continued Digital Demand Will Drive Margin Strength Despite New Visa Fees

Infosys’ analyst price target was slightly reduced from ₹1,705.95 to ₹1,704.36, as analysts cited minor adjustments to growth and discount rate assumptions. They maintained confidence in profit margin strength and fair value.
TCS
₹3,010.90
Tata Consultancy Services
7D
-0.8%
1Y
-27.5%

TCS: Expansion Of AI Data Centers Will Drive Long-Term Market Leadership

Analysts have slightly revised their price target for Tata Consultancy Services downward from ₹3,509.55 to ₹3,500.50, citing minor adjustments in discount rates and projected growth estimates as the basis for this change. What's in the News Tata Consultancy Services (TCS) and Box, Inc.
526433
₹3,925.55
ASM Technologies
7D
12.0%
1Y
155.8%
PERSISTENT
₹5,842.00
Persistent Systems
7D
-2.0%
1Y
1.8%

Upcoming Board Actions And Modest Financial Shifts Will Shape Future Performance

Analysts have modestly raised their price target for Persistent Systems from ₹5,967.74 to ₹6,007.77. They cite slight improvements in revenue growth and profit margin expectations, despite a minor increase in the discount rate.
539607
₹32.07
Blue Cloud Softech Solutions
7D
4.1%
1Y
-57.3%
SAKSOFT
₹195.96
Saksoft
7D
2.8%
1Y
-13.9%