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Indian (NIFTY) IT Industry Analysis

UpdatedJun 15, 2024
DataAggregated Company Financials
Companies130
  • 7D-1.4%
  • 3M-8.0%
  • 1Y20.5%
  • YTD-2.3%

Over the last 7 days, the IT industry has dropped 1.4%, driven by Tata Consultancy Services declining 1.6%. Over the past 12 months, the industry was up 21%. As for the next few years, earnings are expected to grow by 9.9% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 15 Jun 2024₹32.4t₹7.7t₹1.1t33.5x28.3x4.2x
Mon, 13 May 2024₹31.3t₹7.8t₹1.1t35.3x27.6x4x
Wed, 10 Apr 2024₹33.0t₹7.7t₹1.1t39.2x29.7x4.3x
Fri, 08 Mar 2024₹34.5t₹7.7t₹1.1t36.7x31.1x4.5x
Sun, 04 Feb 2024₹35.0t₹7.8t₹1.1t43.5x31x4.5x
Tue, 02 Jan 2024₹33.6t₹7.8t₹1.1t42.2x29.5x4.3x
Thu, 30 Nov 2023₹30.5t₹7.7t₹1.1t38.1x26.9x3.9x
Sat, 28 Oct 2023₹28.3t₹7.7t₹1.1t40.1x25.1x3.7x
Mon, 25 Sep 2023₹30.5t₹7.6t₹1.1t36.5x27.2x4x
Wed, 23 Aug 2023₹28.8t₹7.6t₹1.1t37.7x25.6x3.8x
Fri, 21 Jul 2023₹29.1t₹7.5t₹1.1t34.8x26x3.9x
Sun, 18 Jun 2023₹27.0t₹7.4t₹1.1t33.7x24.6x3.7x
Tue, 16 May 2023₹26.9t₹7.4t₹1.1t27.1x24.3x3.6x
Thu, 13 Apr 2023₹27.4t₹7.1t₹1.1t25.8x25.4x3.9x
Sat, 11 Mar 2023₹28.8t₹7.4t₹1.1t24.6x26.9x3.9x
Mon, 06 Feb 2023₹29.9t₹7.4t₹1.1t26.7x28x4.1x
Wed, 04 Jan 2023₹28.6t₹7.1t₹1.1t25.9x27.2x4x
Fri, 02 Dec 2022₹30.5t₹7.1t₹1.0t25.8x29.2x4.3x
Sun, 30 Oct 2022₹27.5t₹7.1t₹1.0t23.7x26.2x3.9x
Tue, 27 Sep 2022₹25.9t₹6.8t₹1.0t23.9x25.2x3.8x
Thu, 25 Aug 2022₹28.1t₹6.8t₹1.0t24.5x27.4x4.1x
Sat, 23 Jul 2022₹27.5t₹5.8t₹1.0t26.6x26.9x4.8x
Mon, 20 Jun 2022₹26.2t₹6.4t₹1.0t26x25.8x4.1x
Wed, 18 May 2022₹29.3t₹6.4t₹1.0t29x28.8x4.6x
Fri, 15 Apr 2022₹32.6t₹4.3t₹984.7b32.9x33.1x7.7x
Sun, 13 Mar 2022₹33.3t₹6.1t₹980.1b31.2x34x5.4x
Tue, 08 Feb 2022₹33.3t₹6.0t₹973.6b32.2x34.2x5.5x
Thu, 06 Jan 2022₹36.6t₹5.8t₹957.3b32.2x38.2x6.4x
Sat, 04 Dec 2021₹34.3t₹5.8t₹959.0b28.1x35.8x6x
Mon, 01 Nov 2021₹31.9t₹5.7t₹975.3b30.1x32.7x5.6x
Wed, 29 Sep 2021₹33.4t₹5.5t₹928.7b30.8x35.9x6.1x
Fri, 27 Aug 2021₹32.8t₹5.5t₹937.0b26.3x35x5.9x
Sat, 03 Jul 2021₹28.9t₹5.5t₹937.0b22.8x30.8x5.2x
Price to Earnings Ratio

30.8x


Total Market Cap: ₹28.9tTotal Earnings: ₹937.0bTotal Revenue: ₹5.5tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian IT Industry Price to Earnings3Y Average 29.2x202220232024
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 29.2x.
  • The industry is trading close to its 3-year average PS ratio of 4.5x.
Past Earnings Growth
  • The earnings for companies in the IT industry have grown 6.8% per year over the last three years.
  • Revenues for these companies have grown 12% 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 Market2.66%
Tech-0.24%
IT-1.36%
Data Processing Services5.40%
Internet Services and Infrastructure4.07%
IT Consulting-1.36%
Industry PE
  • Investors are most optimistic about the Internet Services and Infrastructure industry which is trading above its 3-year average PE ratio of 36.0x.
    • 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 close to its 3-year average of 28.6x.
Forecasted Growth
  • Analysts are most optimistic on the Data Processing Services industry, expecting annual earnings growth of 14% 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 9.9% 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
LTIM LTIMindtree₹5.03k1.1%
+₹16.4b
0.4%PE32.5x
539607 Blue Cloud Softech Solutions₹144.3327.6%
+₹6.8b
140.5%PE195.7x
HAPPSTMNDS Happiest Minds Technologies₹882.004.8%
+₹6.3b
-2.9%PE55x
504067 Zensar Technologies₹696.503.5%
+₹5.3b
76.2%PE23.7x
RSYSTEMS R Systems International₹510.108.8%
+₹4.9b
23.0%PE45.8x
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507685

₹477.35

Wipro

7D

-1.5%

1Y

25.2%

RSYSTEMS

₹510.10

R Systems International

7D

8.8%

1Y

23.0%

SAKSOFT

₹290.98

Saksoft

7D

12.2%

1Y

-7.5%

LTIM

₹5,032.55

LTIMindtree

7D

1.1%

1Y

0.4%

KODYTECH

₹2,716.10

Kody Technolab

7D

19.2%

1Y

n/a

504067

₹696.50

Zensar Technologies

7D

3.5%

1Y

76.2%

544021

₹1,168.00

Protean eGov Technologies

7D

7.2%

1Y

n/a

526299

₹2,409.10

Mphasis

7D

-2.6%

1Y

29.4%

SONATSOFTW

₹564.45

Sonata Software

7D

-3.7%

1Y

10.8%

HAPPSTMNDS

₹882.00

Happiest Minds Technologies

7D

4.8%

1Y

-2.9%

TCS

₹3,832.05

Tata Consultancy Services

7D

-1.6%

1Y

20.7%

PERSISTENT

₹3,772.80

Persistent Systems

7D

-2.0%

1Y

52.2%

TATATECH

₹1,037.65

Tata Technologies

7D

-2.2%

1Y

n/a

539607

₹144.33

Blue Cloud Softech Solutions

7D

27.6%

1Y

140.5%