Narrative Update • May 11
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- 7D0.05%
- 3M10.8%
- 1Y1.3%
- YTDn/a
In the last week, the Application Software industry is up 1.9%, with Fractal Analytics up 6.8%. Meanwhile, Oracle Financial Services Software actually underperformed within the industry, shrinking 5.1% in the last week. In the last 12 months, the industry was up 9.0%. Earnings are forecast to grow by 19% 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 |
|---|---|---|---|---|---|---|
| Tue, 12 May 2026 | ₹1.9t | ₹369.6b | ₹58.7b | 26.6x | 31.6x | 5x |
| Thu, 09 Apr 2026 | ₹1.5t | ₹359.8b | ₹55.5b | 25.8x | 27.6x | 4.3x |
| Sat, 07 Mar 2026 | ₹1.5t | ₹359.8b | ₹55.5b | 23.7x | 26.4x | 4.1x |
| Mon, 02 Feb 2026 | ₹1.6t | ₹335.8b | ₹51.0b | 29.1x | 31.4x | 4.8x |
| Wed, 31 Dec 2025 | ₹1.6t | ₹315.8b | ₹50.5b | 31.6x | 31.8x | 5.1x |
| Fri, 28 Nov 2025 | ₹1.7t | ₹315.6b | ₹50.4b | 37.9x | 33.7x | 5.4x |
| Sun, 26 Oct 2025 | ₹1.7t | ₹298.6b | ₹45.2b | 34.5x | 36.8x | 5.6x |
| Tue, 23 Sep 2025 | ₹1.7t | ₹296.6b | ₹45.5b | 33.9x | 38.2x | 5.9x |
| Thu, 21 Aug 2025 | ₹1.7t | ₹296.4b | ₹45.5b | 36.6x | 37.2x | 5.7x |
| Sat, 19 Jul 2025 | ₹1.7t | ₹287.4b | ₹43.9b | 33x | 38.9x | 5.9x |
| Mon, 16 Jun 2025 | ₹1.8t | ₹297.5b | ₹46.1b | 32.8x | 38.1x | 5.9x |
| Wed, 14 May 2025 | ₹1.6t | ₹294.9b | ₹42.9b | 27.7x | 37.1x | 5.4x |
| Fri, 11 Apr 2025 | ₹1.4t | ₹289.0b | ₹40.5b | 25.3x | 34.2x | 4.8x |
| Sun, 09 Mar 2025 | ₹1.5t | ₹289.0b | ₹40.5b | 25.9x | 36.1x | 5.1x |
| Tue, 04 Feb 2025 | ₹1.7t | ₹287.2b | ₹41.7b | 29.9x | 40.9x | 5.9x |
| Thu, 02 Jan 2025 | ₹2.1t | ₹285.1b | ₹44.3b | 36.9x | 48.4x | 7.5x |
| Sat, 30 Nov 2024 | ₹2.0t | ₹285.6b | ₹47.0b | 30.3x | 41.7x | 6.9x |
| Mon, 28 Oct 2024 | ₹1.8t | ₹281.4b | ₹49.0b | 29.8x | 37.3x | 6.5x |
| Wed, 25 Sep 2024 | ₹2.0t | ₹277.7b | ₹47.3b | 31.9x | 42.3x | 7.2x |
| Fri, 23 Aug 2024 | ₹2.0t | ₹277.1b | ₹47.4b | 34.7x | 41.3x | 7.1x |
| Sun, 21 Jul 2024 | ₹1.9t | ₹269.6b | ₹46.8b | 34x | 40.9x | 7.1x |
| Tue, 18 Jun 2024 | ₹1.7t | ₹267.5b | ₹46.5b | 32.5x | 37.3x | 6.5x |
| Thu, 16 May 2024 | ₹1.5t | ₹274.9b | ₹45.1b | 32.8x | 33.9x | 5.6x |
| Sat, 13 Apr 2024 | ₹1.6t | ₹268.5b | ₹45.4b | 33.2x | 34.7x | 5.9x |
| Mon, 11 Mar 2024 | ₹1.6t | ₹268.5b | ₹45.4b | 33.7x | 35.2x | 6x |
| Wed, 07 Feb 2024 | ₹1.5t | ₹267.3b | ₹44.9b | 31.6x | 33.5x | 5.6x |
| Fri, 05 Jan 2024 | ₹1.2t | ₹255.4b | ₹39.5b | 35.3x | 31.2x | 4.8x |
| Sun, 03 Dec 2023 | ₹1.1t | ₹254.7b | ₹39.5b | 31.3x | 29.1x | 4.5x |
| Tue, 31 Oct 2023 | ₹1.1t | ₹252.3b | ₹37.9b | 32.6x | 28.9x | 4.3x |
| Thu, 28 Sep 2023 | ₹1.1t | ₹245.4b | ₹37.0b | 34.2x | 29.7x | 4.5x |
| Sat, 26 Aug 2023 | ₹1.1t | ₹240.0b | ₹36.7b | 32.4x | 28.8x | 4.4x |
| Mon, 24 Jul 2023 | ₹1.0t | ₹232.9b | ₹34.9b | 32.9x | 28.7x | 4.3x |
| Wed, 21 Jun 2023 | ₹957.8b | ₹230.8b | ₹34.4b | 31.2x | 27.8x | 4.2x |
| Fri, 19 May 2023 | ₹826.6b | ₹225.2b | ₹32.9b | 28.6x | 25.1x | 3.7x |
Price to Earnings Ratio
25.1x
Current Industry PE
- Investors are relatively neutral on the Indian Application 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 34.6x.
- The industry is trading close to its 3-year average PS ratio of 5.5x.
Past Earnings Growth
- The earnings for companies in the Application Software industry have grown 21% per year over the last three years.
- Revenues for these companies have grown 18% 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 | -0.029% | |
| Tech | 0.80% | |
| Software | -0.063% | |
| Application Software | 0.052% | |
| Systems Software | -0.36% | |
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 | |
|---|---|---|---|---|---|
| FRACTAL Fractal Analytics | ₹1.06k | 6.8% +₹11.6b | n/a | PE79.5x | |
| MAPMYINDIA C. E. Info Systems | ₹1.08k | 14.7% +₹7.5b | -45.6% | PE44.7x | |
| 532408 Sigma Advanced Systems | ₹338.30 | 13.7% +₹7.2b | 408.5% | PE45.1x | |
| RATEGAIN RateGain Travel Technologies | ₹658.00 | 8.8% +₹6.3b | 42.0% | PE43.4x | |
| SASKEN Sasken Technologies | ₹1.63k | 21.6% +₹4.4b | 9.1% | PE46x |
