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Indian (NIFTY) Application Software Industry Analysis

UpdatedApr 29, 2026
DataAggregated Company Financials
Companies63
  • 7D11.0%
  • 3M7.2%
  • 1Y2.4%
  • YTDn/a

Over the last 7 days, the Application Software industry has risen 11%, driven by gains from Oracle Financial Services Software of 19%. During this same period, the BlackBuck underperformed, falling 11%. The industry has been flat over the past 12 months despite the gain this week. Earnings are forecast to grow by 18% annually.

Industry Valuation and Performance

Has the Indian Application Software Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 30 Apr 2026₹1.8t₹365.5b₹57.8b26.7x31.9x5x
Sat, 28 Mar 2026₹1.4t₹359.8b₹55.5b20.9x25.9x4x
Mon, 23 Feb 2026₹1.5t₹358.4b₹55.4b26.4x27.5x4.3x
Wed, 21 Jan 2026₹1.6t₹329.8b₹50.6b31.4x31.7x4.9x
Fri, 19 Dec 2025₹1.6t₹315.8b₹50.5b35.4x32x5.1x
Sun, 16 Nov 2025₹1.7t₹305.4b₹49.6b38.6x33.3x5.4x
Tue, 14 Oct 2025₹1.7t₹296.7b₹45.6b37.2x38.3x5.9x
Thu, 11 Sep 2025₹1.8t₹296.7b₹45.5b34.9x38.5x5.9x
Sat, 09 Aug 2025₹1.6t₹291.8b₹44.4b34.9x36.4x5.5x
Mon, 07 Jul 2025₹1.7t₹287.9b₹44.1b33.1x38.9x6x
Wed, 04 Jun 2025₹1.6t₹300.0b₹46.5b27.4x35.3x5.5x
Fri, 02 May 2025₹1.5t₹290.8b₹41.0b28.4x37.6x5.3x
Sun, 30 Mar 2025₹1.5t₹289.0b₹40.5b27.2x36.3x5.1x
Tue, 25 Feb 2025₹1.5t₹289.0b₹40.4b26.3x37.8x5.3x
Thu, 23 Jan 2025₹1.8t₹284.1b₹42.2b32.8x42.5x6.3x
Sat, 21 Dec 2024₹2.1t₹285.0b₹44.3b35.9x46.9x7.3x
Mon, 18 Nov 2024₹1.9t₹283.3b₹48.7b29.2x38.9x6.7x
Wed, 16 Oct 2024₹2.0t₹277.7b₹47.3b33.4x42.3x7.2x
Fri, 13 Sep 2024₹2.0t₹277.1b₹47.3b33.9x42.4x7.2x
Sun, 11 Aug 2024₹1.9t₹276.0b₹47.7b34.7x39.3x6.8x
Tue, 09 Jul 2024₹1.9t₹267.6b₹46.6b39.9x40.5x7x
Thu, 06 Jun 2024₹1.5t₹266.9b₹46.4b27.5x32x5.6x
Sat, 04 May 2024₹1.6t₹272.1b₹46.5b32.3x33.4x5.7x
Mon, 01 Apr 2024₹1.6t₹268.5b₹45.4b35.5x35.2x6x
Wed, 28 Feb 2024₹1.6t₹268.5b₹45.4b33.9x34.8x5.9x
Fri, 26 Jan 2024₹1.5t₹264.6b₹43.8b31.1x33.2x5.5x
Sun, 24 Dec 2023₹1.2t₹254.7b₹39.5b34.9x30.7x4.8x
Tue, 21 Nov 2023₹1.1t₹254.7b₹39.5b31.1x29x4.5x
Thu, 19 Oct 2023₹1.1t₹245.4b₹37.0b34.6x30.4x4.6x
Sat, 16 Sep 2023₹1.1t₹240.1b₹36.7b32.5x29.6x4.5x
Mon, 14 Aug 2023₹1.0t₹239.9b₹36.7b30.6x28.2x4.3x
Wed, 12 Jul 2023₹954.2b₹230.1b₹34.4b30.4x27.7x4.1x
Fri, 09 Jun 2023₹872.4b₹227.5b₹33.8b26.2x25.8x3.8x
Sun, 07 May 2023₹809.5b₹223.3b₹33.4b29.1x24.2x3.6x
Price to Earnings Ratio

24.2x


Total Market Cap: ₹809.5bTotal Earnings: ₹33.4bTotal Revenue: ₹223.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Application Software Industry Price to Earnings3Y Average 34.5x202420252026
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 34.5x.
  • The industry is trading close to its 3-year average PS ratio of 5.4x.
Past Earnings Growth
  • The earnings for companies in the Application Software industry have grown 20% 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-0.38%
Tech-6.15%
Software5.87%
Application Software11.04%
Systems Software-5.45%
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
532466 Oracle Financial Services Software₹9.68k19.0%
+₹134.7b
11.3%PE31.9x
532408 Sigma Advanced Systems₹273.9520.9%
+₹8.3b
316.1%PE36.5x
INTELLECT Intellect Design Arena₹739.756.3%
+₹6.2b
-6.3%PE28.7x
FRACTAL Fractal Analytics₹937.453.6%
+₹5.5b
n/aPE70.3x
TANLA Tanla Platforms₹539.958.0%
+₹5.3b
13.8%PE14.1x

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