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Indian (NIFTY) IT Consulting Industry Analysis

UpdatedDec 31, 2025
DataAggregated Company Financials
Companies155
  • 7D-2.6%
  • 3M11.5%
  • 1Y-15.6%
  • YTDn/a

Over the last 7 days, the IT Consulting industry has dropped 2.6%, driven by Tata Consultancy Services declining 2.2%. Meanwhile, Black Box actually outperformed within the industry, gaining 8.4% in the last week. The industry has fallen 16% in the last year. Looking forward, 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
Wed, 31 Dec 2025₹32.7t₹8.7t₹1.3t24.9x25x3.8x
Fri, 28 Nov 2025₹32.2t₹8.7t₹1.3t24.9x24.7x3.7x
Sun, 26 Oct 2025₹31.1t₹8.6t₹1.3t27.5x24x3.6x
Tue, 23 Sep 2025₹30.8t₹8.5t₹1.3t27x23.9x3.6x
Thu, 21 Aug 2025₹31.0t₹8.5t₹1.3t27.8x24.2x3.7x
Sat, 19 Jul 2025₹32.2t₹8.4t₹1.3t30.1x25.4x3.8x
Mon, 16 Jun 2025₹33.7t₹8.3t₹1.3t31.1x26.9x4x
Wed, 14 May 2025₹33.0t₹8.3t₹1.3t27x26.3x4x
Fri, 11 Apr 2025₹29.3t₹8.3t₹1.3t24.7x23.4x3.6x
Sun, 09 Mar 2025₹33.7t₹8.3t₹1.3t26.6x26.8x4.1x
Tue, 04 Feb 2025₹37.2t₹8.2t₹1.2t32.5x29.9x4.6x
Thu, 02 Jan 2025₹38.3t₹8.0t₹1.2t35.2x31.8x4.8x
Sat, 30 Nov 2024₹38.5t₹8.0t₹1.2t38.5x32.1x4.8x
Mon, 28 Oct 2024₹37.3t₹7.9t₹1.2t36.1x31.2x4.7x
Wed, 25 Sep 2024₹38.2t₹7.8t₹1.2t39.7x32.7x4.9x
Fri, 23 Aug 2024₹38.2t₹7.8t₹1.2t39.3x32.7x4.9x
Sun, 21 Jul 2024₹36.8t₹7.8t₹1.2t37.5x31.6x4.7x
Tue, 18 Jun 2024₹32.3t₹7.7t₹1.1t33.3x28.3x4.2x
Thu, 16 May 2024₹31.4t₹7.8t₹1.1t35.8x27.7x4.1x
Sat, 13 Apr 2024₹33.0t₹7.7t₹1.1t37x29.7x4.3x
Mon, 11 Mar 2024₹34.7t₹7.7t₹1.1t33.7x31.3x4.5x
Wed, 07 Feb 2024₹35.4t₹7.7t₹1.1t42.6x31.9x4.6x
Fri, 05 Jan 2024₹32.4t₹7.8t₹1.1t42.1x28.4x4.2x
Sun, 03 Dec 2023₹31.0t₹7.8t₹1.1t38.5x27.1x4x
Tue, 31 Oct 2023₹28.7t₹7.7t₹1.1t39.3x25.5x3.8x
Thu, 28 Sep 2023₹30.3t₹7.6t₹1.1t36.1x27x4x
Sat, 26 Aug 2023₹28.7t₹7.6t₹1.1t34.8x25.6x3.8x
Mon, 24 Jul 2023₹28.0t₹7.5t₹1.1t32.1x25x3.7x
Wed, 21 Jun 2023₹27.4t₹7.4t₹1.1t33.6x24.9x3.7x
Fri, 19 May 2023₹26.5t₹7.4t₹1.1t28x24x3.6x
Sun, 16 Apr 2023₹26.8t₹7.2t₹1.1t24.3x24.6x3.7x
Tue, 14 Mar 2023₹27.6t₹7.1t₹1.1t23.7x25.6x3.9x
Thu, 09 Feb 2023₹28.9t₹7.1t₹1.1t25.4x26.8x4.1x
Sat, 07 Jan 2023₹26.9t₹6.8t₹1.1t24.7x25.4x3.9x
Price to Earnings Ratio

25.4x


Total Market Cap: ₹26.9tTotal Earnings: ₹1.1tTotal Revenue: ₹6.8tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian IT Consulting Industry Price to Earnings3Y Average 27.5x20242025
Current Industry PE
  • Investors are relatively neutral on the Indian IT Consulting and Other Services 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 27.5x.
  • The industry is trading close to its 3-year average PS ratio of 4.1x.
Past Earnings Growth
  • The earnings for companies in the IT Consulting and Other Services industry have grown 7.4% 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-0.90%
Tech-2.66%
IT-2.63%
IT Consulting-2.64%
Internet Services and Infrastructure-0.58%
Data Processing Services-4.19%
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
HEXT Hexaware Technologies₹762.453.2%
+₹14.6b		n/aPE33.4x
500463 Black Box₹548.906.5%
+₹5.7b		-15.1%PE42.6x
SILVERTUC Silver Touch Technologies₹1.01k16.5%
+₹1.8b		44.5%PE49.4x
538734 Ceinsys Tech₹1.10k8.3%
+₹1.5b		-41.9%PE20.2x
501421 TechNVision Ventures₹7.44k1.7%
+₹792.5m		111.4%PE3656x

Latest News

TCS
₹3,246.80
Tata Consultancy Services
7D
-1.9%
1Y
-20.7%

Tata Consultancy Services Limited's (NSE:TCS) Share Price Could Signal Some Risk

Dec 31
Tata Consultancy Services Limited's (NSE:TCS) Share Price Could Signal Some Risk
SILVERTUC
₹1,011.85
Silver Touch Technologies
7D
16.5%
1Y
44.5%

Silver Touch Technologies Limited (NSE:SILVERTUC) Looks Just Right With A 30% Price Jump

Dec 31
Silver Touch Technologies Limited (NSE:SILVERTUC) Looks Just Right With A 30% Price Jump
INFY
₹1,621.60
Infosys
7D
-2.8%
1Y
-13.7%

Capital Investments At Infosys (NSE:INFY) Point To A Promising Future

Dec 31
Capital Investments At Infosys (NSE:INFY) Point To A Promising Future
PERSISTENT
₹6,183.00
Persistent Systems
7D
-4.7%
1Y
-4.3%

PERSISTENT: Experience Studio Expansion And Stable Margins Will Guide Balanced Outlook Ahead

Analysts have nudged their price target for Persistent Systems slightly higher to reflect modest improvements in fair value, revenue growth expectations, profit margins, and forward earnings multiples. This indicates a marginally more optimistic outlook on the company’s long term fundamentals.
COFORGE
₹1,654.90
Coforge
7D
-7.0%
1Y
-14.4%

COFORGE: Future AI Spending Wave Will Likely Pressure Margins And Returns

Analysts have modestly raised their price target on Coforge from ₹1,226 to ₹1,334, citing a slightly higher required return, somewhat tempered expectations for revenue growth and margins, and a lower assumed future price to earnings multiple that still supports upside from current levels. What's in the News The board will meet on December 26, 2025 to consider raising funds via equity or other eligible securities through routes such as private placement, QIP, or preferential issue, subject to regulatory and shareholder approvals (board meeting, fund-raising proposal).
526299
₹2,793.65
Mphasis
7D
-4.9%
1Y
-1.9%

526299: AI And Quantum Offerings Will Shape A Balanced Future Outlook

Analysts have slightly raised their price target on Mphasis by approximately ₹6 to around ₹3,064, citing marginal improvements in fair value estimates and forward valuation assumptions despite minimal changes in growth and profitability forecasts. What's in the News Mphasis has scheduled a board meeting on January 22, 2026 to consider and approve audited standalone and consolidated financial results for the quarter ended December 31, 2025, among other matters (company filing).
538734
₹1,099.50
Ceinsys Tech
7D
8.3%
1Y
-41.9%
MGSL
₹104.00
Matrix Geo Solutions
7D
31.8%
1Y
n/a
HCLTECH
₹1,615.20
HCL Technologies
7D
-3.9%
1Y
-15.8%
507685
₹263.80
Wipro
7D
-2.8%
1Y
-12.6%

507685: AI Partnerships And Self-Funded IT Overhaul Will Shape Balanced Outlook

Analysts have nudged their price target for Wipro slightly higher to about ₹254 per share, reflecting modestly improved assumptions for revenue growth, profit margins, and future valuation multiples. What's in the News Signed a multi-year engagement with Odido Netherlands B.V. to modernize its IT landscape using AI, boost customer experience, and run the program via a self-funded, productivity-savings model (Client Announcements).
LTIM
₹6,074.00
LTIMindtree
7D
-2.1%
1Y
8.7%

LTIM: Future Performance Will Reflect AI Partnerships And Expanding Global Collaborations

Analysts have modestly raised their price target on LTIMindtree to ₹5,867 from ₹5,825, reflecting slightly stronger assumptions on long term revenue growth, profit margins, and valuation multiples, despite a marginally higher discount rate. What's in the News LTIMindtree and Xage Security announced a strategic partnership to deliver identity based Zero Trust cybersecurity across IT, OT, and cloud for critical infrastructure sectors such as energy, utilities, transportation, and chemicals (Client Announcements).
531673
₹42.88
Anka India
7D
21.5%
1Y
109.6%
HEXT
₹762.45
Hexaware Technologies
7D
3.2%
1Y
n/a
500463
₹548.90
Black Box
7D
6.5%
1Y
-15.1%
506109
₹444.05
Genesys International
7D
2.9%
1Y
-51.6%
501421
₹7,443.00
TechNVision Ventures
7D
1.7%
1Y
111.4%