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Indian (NIFTY) Application Software Industry Analysis

UpdatedJan 29, 2026
DataAggregated Company Financials
Companies61
  • 7D2.7%
  • 3M-12.5%
  • 1Y-14.4%
  • YTDn/a

Over the last 7 days, the Application Software industry has risen 2.7%, driven by gains from Oracle Financial Services Software of 4.3%. During this same period, the RateGain Travel Technologies underperformed, falling 6.5%. However, the industry is down 14% over the past year. Looking forward, 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?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 29 Jan 2026₹1.6t₹334.5b₹51.4b29.4x31.4x4.8x
Sat, 27 Dec 2025₹1.6t₹315.8b₹50.5b32.5x32.4x5.2x
Mon, 24 Nov 2025₹1.7t₹313.2b₹50.0b38.2x33.4x5.3x
Wed, 22 Oct 2025₹1.7t₹298.6b₹45.2b35.8x37.3x5.6x
Fri, 19 Sep 2025₹1.7t₹296.7b₹45.5b34.3x38.3x5.9x
Sun, 17 Aug 2025₹1.6t₹295.0b₹45.5b36.9x36.2x5.6x
Tue, 15 Jul 2025₹1.7t₹287.9b₹44.1b33x38.6x5.9x
Thu, 12 Jun 2025₹1.8t₹298.1b₹46.2b32.6x38.3x5.9x
Sat, 10 May 2025₹1.5t₹290.7b₹42.4b25.5x34.9x5.1x
Mon, 07 Apr 2025₹1.4t₹289.0b₹40.5b25.8x35.4x5x
Wed, 05 Mar 2025₹1.4t₹289.0b₹40.5b25x35.5x5x
Fri, 31 Jan 2025₹1.7t₹287.1b₹41.6b30.4x40.3x5.8x
Sun, 29 Dec 2024₹2.1t₹285.1b₹44.3b36.7x48.4x7.5x
Tue, 26 Nov 2024₹2.0t₹285.6b₹47.1b29.3x41.7x6.9x
Thu, 24 Oct 2024₹1.9t₹279.3b₹47.5b30.8x39.8x6.8x
Sat, 21 Sep 2024₹2.0t₹277.1b₹47.3b33.4x41.7x7.1x
Mon, 19 Aug 2024₹1.9t₹277.1b₹47.4b33.3x40.5x6.9x
Wed, 17 Jul 2024₹2.0t₹267.9b₹46.6b34x42.3x7.4x
Fri, 14 Jun 2024₹1.7t₹267.5b₹46.5b30.2x35.6x6.2x
Sun, 12 May 2024₹1.5t₹274.1b₹46.1b31.8x32.1x5.4x
Tue, 09 Apr 2024₹1.6t₹268.5b₹45.4b34.7x35.7x6x
Thu, 07 Mar 2024₹1.6t₹268.5b₹45.4b32.5x34.6x5.8x
Sat, 03 Feb 2024₹1.4t₹265.6b₹44.4b30.7x32.5x5.4x
Mon, 01 Jan 2024₹1.2t₹255.4b₹39.5b32.4x30.7x4.7x
Wed, 29 Nov 2023₹1.1t₹254.7b₹39.5b30.3x28.8x4.5x
Fri, 27 Oct 2023₹1.1t₹248.5b₹37.3b31.2x28.9x4.3x
Sun, 24 Sep 2023₹1.1t₹245.7b₹37.0b33.6x29.6x4.5x
Tue, 22 Aug 2023₹1.1t₹240.0b₹36.7b32.2x28.7x4.4x
Thu, 20 Jul 2023₹991.1b₹230.1b₹34.5b32.5x28.8x4.3x
Sat, 17 Jun 2023₹938.0b₹227.0b₹33.9b30.4x27.7x4.1x
Mon, 15 May 2023₹813.4b₹225.1b₹33.2b28.9x24.5x3.6x
Wed, 12 Apr 2023₹742.1b₹218.4b₹33.2b25.5x22.4x3.4x
Fri, 10 Mar 2023₹764.6b₹218.4b₹33.2b26x23x3.5x
Sun, 05 Feb 2023₹792.9b₹223.6b₹33.1b28.7x23.9x3.5x
Price to Earnings Ratio

23.9x


Total Market Cap: ₹792.9bTotal Earnings: ₹33.1bTotal Revenue: ₹223.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Application Software Industry Price to Earnings3Y Average 34.1x202420252026
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 34.1x.
  • The 3-year average PS ratio of 5.4x is higher than the industry's current PS ratio of 4.8x.
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 Market1.14%
Tech1.95%
Software1.54%
Application Software2.65%
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?

CompanyLast Price7D1YValuation
TANLA Tanla Platforms₹502.4512.1%
+₹7.2b
-7.4%PE13.5x
CAPILLARY Capillary Technologies India₹637.052.4%
+₹1.2b
n/aPE198.4x
532408 Sigma Advanced Systems₹177.202.1%
+₹634.5m
123.4%PE22.6x
BLACKBUCK BlackBuck₹559.000.5%
+₹543.8m
52.5%PE33.7x
540735 IRIS RegTech Solutions₹301.459.0%
+₹513.2m
-33.1%PE71x

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