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Indian (NIFTY) Application Software Industry Analysis
UpdatedFeb 09, 2026
DataAggregated Company Financials
Companies60
- 7D-3.3%
- 3M-15.0%
- 1Y-19.8%
- YTDn/a
Over the last 7 days, the Application Software industry has dropped 3.8%, driven by a pullback from Oracle Financial Services Software of 6.4%. On the other hand BlackBuck is actually up 13%. However, the industry is down 20% over the past year. Earnings are forecast to grow by 16% annually.
Industry Valuation and Performance
Has the Indian Application Software Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 09 Feb 2026 | ₹1.5t | ₹324.6b | ₹51.8b | 29.8x | 28.4x | 4.5x |
| Wed, 07 Jan 2026 | ₹1.6t | ₹315.8b | ₹50.5b | 33.8x | 32x | 5.1x |
| Fri, 05 Dec 2025 | ₹1.7t | ₹315.7b | ₹50.4b | 36.9x | 33.6x | 5.4x |
| Sun, 02 Nov 2025 | ₹1.7t | ₹301.8b | ₹45.8b | 33.4x | 37x | 5.6x |
| Tue, 30 Sep 2025 | ₹1.7t | ₹296.6b | ₹45.5b | 35.2x | 36.3x | 5.6x |
| Thu, 28 Aug 2025 | ₹1.7t | ₹296.9b | ₹45.5b | 36.3x | 36.6x | 5.6x |
| Sat, 26 Jul 2025 | ₹1.7t | ₹289.8b | ₹44.1b | 36.1x | 37.6x | 5.7x |
| Mon, 23 Jun 2025 | ₹1.7t | ₹297.5b | ₹46.1b | 33.7x | 36.9x | 5.7x |
| Wed, 21 May 2025 | ₹1.6t | ₹298.2b | ₹43.5b | 28.6x | 37.9x | 5.5x |
| Fri, 18 Apr 2025 | ₹1.5t | ₹289.0b | ₹40.5b | 26.6x | 36.7x | 5.1x |
| Sun, 16 Mar 2025 | ₹1.4t | ₹289.0b | ₹40.5b | 23.9x | 34.1x | 4.8x |
| Tue, 11 Feb 2025 | ₹1.7t | ₹289.3b | ₹41.2b | 27.6x | 41.8x | 6x |
| Thu, 09 Jan 2025 | ₹2.1t | ₹285.1b | ₹44.3b | 33.8x | 46.6x | 7.2x |
| Sat, 07 Dec 2024 | ₹2.1t | ₹285.6b | ₹47.0b | 35.2x | 44.3x | 7.3x |
| Mon, 04 Nov 2024 | ₹1.9t | ₹281.7b | ₹49.1b | 29.6x | 38.1x | 6.6x |
| Wed, 02 Oct 2024 | ₹2.0t | ₹277.7b | ₹47.3b | 32.6x | 41.6x | 7.1x |
| Fri, 30 Aug 2024 | ₹1.9t | ₹277.1b | ₹47.4b | 34.2x | 40.8x | 7x |
| Sun, 28 Jul 2024 | ₹1.9t | ₹274.3b | ₹47.8b | 33.9x | 40.8x | 7.1x |
| Tue, 25 Jun 2024 | ₹1.8t | ₹267.5b | ₹46.5b | 33x | 38.7x | 6.7x |
| Thu, 23 May 2024 | ₹1.5t | ₹270.5b | ₹46.0b | 29.9x | 33.1x | 5.6x |
| Sat, 20 Apr 2024 | ₹1.5t | ₹268.5b | ₹45.4b | 31.3x | 33.6x | 5.7x |
| Mon, 18 Mar 2024 | ₹1.6t | ₹268.5b | ₹45.4b | 34.2x | 34.4x | 5.8x |
| Wed, 14 Feb 2024 | ₹1.5t | ₹268.8b | ₹45.5b | 31.1x | 33.6x | 5.7x |
| Fri, 12 Jan 2024 | ₹1.3t | ₹254.8b | ₹39.4b | 33.7x | 31.9x | 4.9x |
| Sun, 10 Dec 2023 | ₹1.2t | ₹254.7b | ₹39.5b | 32.5x | 29.5x | 4.6x |
| Tue, 07 Nov 2023 | ₹1.1t | ₹252.3b | ₹37.9b | 34.5x | 29.6x | 4.4x |
| Thu, 05 Oct 2023 | ₹1.1t | ₹245.3b | ₹36.9b | 32.3x | 29.7x | 4.5x |
| Sat, 02 Sep 2023 | ₹1.1t | ₹240.0b | ₹36.7b | 34.3x | 29.4x | 4.5x |
| Mon, 31 Jul 2023 | ₹1.0t | ₹237.4b | ₹35.8b | 32.2x | 28.2x | 4.3x |
| Wed, 28 Jun 2023 | ₹938.8b | ₹231.1b | ₹34.4b | 30.5x | 27.3x | 4.1x |
| Fri, 26 May 2023 | ₹834.8b | ₹225.4b | ₹33.1b | 28.9x | 25.2x | 3.7x |
| Sun, 23 Apr 2023 | ₹754.2b | ₹219.2b | ₹33.2b | 28.1x | 22.7x | 3.4x |
| Tue, 21 Mar 2023 | ₹732.2b | ₹218.4b | ₹33.2b | 24.3x | 22.1x | 3.4x |
| Thu, 16 Feb 2023 | ₹756.0b | ₹218.5b | ₹33.2b | 26.5x | 22.8x | 3.5x |
Price to Earnings Ratio
22.8x
Current Industry PE
- Investors are pessimistic on the Indian Application Software 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 28.4x which is lower than its 3-year average PE of 34.2x.
- The 3-year average PS ratio of 5.4x is higher than the industry's current PS ratio of 4.5x.
Past Earnings Growth
- The earnings for companies in the Application Software industry have grown 16% per year over the last three years.
- Revenues for these companies have grown 14% 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 Application Software compare with similar industries?
| IN Market | 3.74% | |
| Tech | -5.16% | |
| Software | -3.03% | |
| Application Software | -3.29% | |
| Systems Software | -2.58% | |
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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| BLACKBUCK BlackBuck | ₹625.35 | 13.6% +₹13.6b | 21.7% | PE29.8x | |
| 532408 Sigma Advanced Systems | ₹188.35 | 14.0% +₹4.1b | 147.5% | PE24.1x | |
| 526881 63 moons technologies | ₹710.20 | 11.3% +₹3.3b | -6.8% | PS38.8x | |
| 532341 IZMO | ₹839.15 | 34.0% +₹3.2b | 110.0% | PE39.8x | |
| MAPMYINDIA C. E. Info Systems | ₹1.28k | 3.3% +₹2.3b | -22.3% | PE48.2x |
