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Indian (NIFTY) Software Industry Analysis
UpdatedApr 19, 2025
DataAggregated Company Financials
Companies72
- 7D3.7%
- 3M-21.6%
- 1Y-15.3%
- YTD-30.7%
In the last week, the Software industry is up 3.7%, with Oracle Financial Services Software up 5.0%. However, the industry is down 15% over the past year. Earnings are forecast to grow by 21% annually.
Industry Valuation and Performance
Has the Indian Software Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 19 Apr 2025 | ₹2.4t | ₹472.9b | ₹64.3b | 29.6x | 37.6x | 5.1x |
| Mon, 17 Mar 2025 | ₹2.4t | ₹473.0b | ₹64.5b | 27.7x | 36.5x | 5x |
| Wed, 12 Feb 2025 | ₹2.8t | ₹473.3b | ₹65.8b | 34.5x | 42.5x | 5.9x |
| Fri, 10 Jan 2025 | ₹3.3t | ₹465.6b | ₹67.4b | 39.6x | 49.1x | 7.1x |
| Sun, 08 Dec 2024 | ₹3.4t | ₹466.5b | ₹70.2b | 38.6x | 48.7x | 7.3x |
| Tue, 05 Nov 2024 | ₹3.1t | ₹462.6b | ₹69.4b | 32.6x | 45x | 6.7x |
| Thu, 03 Oct 2024 | ₹3.4t | ₹453.4b | ₹66.6b | 35.2x | 50.6x | 7.4x |
| Sat, 31 Aug 2024 | ₹3.4t | ₹452.8b | ₹66.7b | 42.1x | 51x | 7.5x |
| Mon, 29 Jul 2024 | ₹3.3t | ₹449.5b | ₹66.9b | 39.8x | 49.9x | 7.4x |
| Wed, 26 Jun 2024 | ₹3.1t | ₹438.2b | ₹64.4b | 39.2x | 48.4x | 7.1x |
| Fri, 24 May 2024 | ₹2.8t | ₹440.5b | ₹64.5b | 33.1x | 42.9x | 6.3x |
| Sun, 21 Apr 2024 | ₹2.7t | ₹432.2b | ₹62.1b | 40.4x | 43.9x | 6.3x |
| Tue, 19 Mar 2024 | ₹2.8t | ₹432.0b | ₹62.0b | 35.9x | 45x | 6.5x |
| Thu, 15 Feb 2024 | ₹2.8t | ₹432.2b | ₹62.0b | 38.7x | 45.9x | 6.6x |
| Sat, 13 Jan 2024 | ₹2.7t | ₹411.4b | ₹53.6b | 38.5x | 49.5x | 6.5x |
| Mon, 11 Dec 2023 | ₹2.4t | ₹411.1b | ₹53.4b | 39.5x | 45.4x | 5.9x |
| Wed, 08 Nov 2023 | ₹2.3t | ₹408.4b | ₹53.6b | 37x | 42.1x | 5.5x |
| Fri, 06 Oct 2023 | ₹2.3t | ₹458.4b | ₹57.9b | 33.8x | 39.7x | 5x |
| Sun, 03 Sep 2023 | ₹2.3t | ₹453.0b | ₹57.6b | 36.3x | 39.8x | 5.1x |
| Tue, 01 Aug 2023 | ₹2.1t | ₹450.2b | ₹56.7b | 31.7x | 37.7x | 4.7x |
| Thu, 29 Jun 2023 | ₹2.0t | ₹432.3b | ₹54.3b | 31.4x | 37.7x | 4.7x |
| Sat, 27 May 2023 | ₹1.9t | ₹428.5b | ₹52.6b | 28.5x | 36x | 4.4x |
| Mon, 24 Apr 2023 | ₹1.6t | ₹412.7b | ₹52.7b | 28.1x | 31.1x | 4x |
| Wed, 22 Mar 2023 | ₹1.6t | ₹406.7b | ₹52.9b | 24.6x | 30x | 3.9x |
| Fri, 17 Feb 2023 | ₹1.7t | ₹406.8b | ₹52.9b | 26.2x | 31.6x | 4.1x |
| Sun, 15 Jan 2023 | ₹1.6t | ₹394.8b | ₹52.9b | 29.7x | 30.6x | 4.1x |
| Tue, 13 Dec 2022 | ₹1.6t | ₹382.1b | ₹52.3b | 33.6x | 30.2x | 4.1x |
| Thu, 10 Nov 2022 | ₹1.6t | ₹381.8b | ₹52.5b | 34.2x | 29.7x | 4.1x |
| Sat, 08 Oct 2022 | ₹1.7t | ₹365.9b | ₹53.2b | 31.3x | 32.4x | 4.7x |
| Mon, 05 Sep 2022 | ₹1.7t | ₹365.8b | ₹53.2b | 31.2x | 32.7x | 4.8x |
| Wed, 03 Aug 2022 | ₹1.7t | ₹362.2b | ₹53.6b | 34.6x | 32.6x | 4.8x |
| Fri, 01 Jul 2022 | ₹1.7t | ₹392.5b | ₹57.4b | 26.2x | 30.5x | 4.5x |
| Sun, 29 May 2022 | ₹1.8t | ₹391.8b | ₹56.9b | 24.1x | 31.7x | 4.6x |
| Tue, 26 Apr 2022 | ₹2.0t | ₹378.2b | ₹57.3b | 33.6x | 34.9x | 5.3x |
Price to Earnings Ratio
34.9x
Current Industry PE
- Investors are relatively neutral on the Indian Software 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 39.6x.
- The industry is trading close to its 3-year average PS ratio of 5.5x.
Past Earnings Growth
- The earnings for companies in the Software industry have grown 3.9% per year over the last three years.
- Revenues for these companies have grown 7.7% 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 | 4.32% | |
| Tech | 2.43% | |
| Software | 3.68% | |
| Application Software | 4.26% | |
| Systems Software | 2.78% | |
Industry PE
- Investors are most optimistic about the Systems Software industry even though it's trading below its 3-year average PE ratio of 57.9x.
- Analysts are expecting annual earnings growth of 16.5%, which is lower than the prior year's growth of 38.4% per year.
- Investors are most pessimistic about the Application Software industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 31.0x.
Forecasted Growth
- Analysts are most optimistic on the Application Software industry, expecting annual earnings growth of 24% over the next 5 years.
- This is better than its past earnings growth rate of 17% per year.
- In contrast, the Systems Software industry is expected to see its earnings grow by 16% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 532466 Oracle Financial Services Software | ₹7.95k | 5.0% +₹33.0b | 4.6% | PE30.1x | |
| INTELLECT Intellect Design Arena | ₹758.55 | 14.8% +₹13.6b | -24.1% | PE38.9x | |
| 500408 Tata Elxsi | ₹4.90k | 3.1% +₹9.2b | -34.2% | PE38.9x | |
| KPITTECH KPIT Technologies | ₹1.14k | 1.5% +₹4.7b | -19.4% | PE40.6x | |
| 532407 MosChip Technologies | ₹167.55 | 14.0% +₹3.9b | 23.2% | PE124.9x |
