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Indian (NIFTY) Application Software Industry Analysis
UpdatedFeb 06, 2026
DataAggregated Company Financials
Companies61
- 7D-2.1%
- 3M-14.1%
- 1Y-17.9%
- YTDn/a
Over the last 7 days, the Application Software industry has dropped 2.3%, driven by Oracle Financial Services Software declining 5.0%. On the other hand BlackBuck is actually up 8.5%. The industry has fallen 17% in the last year. Earnings are forecast to grow by 17% 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 |
|---|---|---|---|---|---|---|
| Fri, 06 Feb 2026 | ₹1.6t | ₹336.5b | ₹51.0b | 31.8x | 30.8x | 4.7x |
| Sun, 04 Jan 2026 | ₹1.6t | ₹315.8b | ₹50.5b | 34.2x | 32.5x | 5.2x |
| Tue, 02 Dec 2025 | ₹1.7t | ₹315.7b | ₹50.4b | 38.3x | 33.6x | 5.4x |
| Thu, 30 Oct 2025 | ₹1.7t | ₹298.6b | ₹45.2b | 34.7x | 37.3x | 5.7x |
| Sat, 27 Sep 2025 | ₹1.7t | ₹296.6b | ₹45.5b | 36.4x | 36.6x | 5.6x |
| Mon, 25 Aug 2025 | ₹1.7t | ₹296.9b | ₹45.5b | 37.6x | 36.9x | 5.7x |
| Wed, 23 Jul 2025 | ₹1.7t | ₹287.4b | ₹43.9b | 33x | 38.9x | 5.9x |
| Fri, 20 Jun 2025 | ₹1.7t | ₹297.5b | ₹46.1b | 33.5x | 37x | 5.7x |
| Sun, 18 May 2025 | ₹1.7t | ₹298.3b | ₹43.5b | 28.3x | 38.4x | 5.6x |
| Tue, 15 Apr 2025 | ₹1.4t | ₹289.0b | ₹40.5b | 26.1x | 35.2x | 4.9x |
| Thu, 13 Mar 2025 | ₹1.4t | ₹289.0b | ₹40.5b | 24.2x | 34.4x | 4.8x |
| Sat, 08 Feb 2025 | ₹1.8t | ₹288.0b | ₹41.2b | 28.7x | 42.7x | 6.1x |
| Mon, 06 Jan 2025 | ₹2.1t | ₹285.1b | ₹44.3b | 36.1x | 48.2x | 7.5x |
| Wed, 04 Dec 2024 | ₹2.0t | ₹285.6b | ₹47.0b | 33.4x | 43.4x | 7.1x |
| Fri, 01 Nov 2024 | ₹1.9t | ₹281.7b | ₹49.1b | 29.2x | 38.3x | 6.7x |
| Sun, 29 Sep 2024 | ₹2.0t | ₹277.7b | ₹47.3b | 31.5x | 41.6x | 7.1x |
| Tue, 27 Aug 2024 | ₹2.0t | ₹277.1b | ₹47.4b | 35.8x | 41.3x | 7.1x |
| Thu, 25 Jul 2024 | ₹1.9t | ₹271.2b | ₹46.7b | 33.5x | 41.7x | 7.2x |
| Sat, 22 Jun 2024 | ₹1.8t | ₹267.5b | ₹46.5b | 31.6x | 38.4x | 6.7x |
| Mon, 20 May 2024 | ₹1.5t | ₹269.3b | ₹45.8b | 30.5x | 33.7x | 5.7x |
| Wed, 17 Apr 2024 | ₹1.6t | ₹268.5b | ₹45.4b | 32.7x | 34.1x | 5.8x |
| Fri, 15 Mar 2024 | ₹1.6t | ₹268.5b | ₹45.4b | 34.3x | 34.6x | 5.9x |
| Sun, 11 Feb 2024 | ₹1.5t | ₹267.2b | ₹44.8b | 32.4x | 34.4x | 5.8x |
| Tue, 09 Jan 2024 | ₹1.2t | ₹254.8b | ₹39.4b | 34.3x | 31.3x | 4.8x |
| Thu, 07 Dec 2023 | ₹1.2t | ₹254.7b | ₹39.5b | 32.9x | 29.6x | 4.6x |
| Sat, 04 Nov 2023 | ₹1.1t | ₹252.3b | ₹37.9b | 34.6x | 29.3x | 4.4x |
| Mon, 02 Oct 2023 | ₹1.1t | ₹245.3b | ₹36.9b | 33x | 29.7x | 4.5x |
| Wed, 30 Aug 2023 | ₹1.1t | ₹240.0b | ₹36.7b | 33.1x | 28.8x | 4.4x |
| Fri, 28 Jul 2023 | ₹992.9b | ₹235.0b | ₹35.3b | 31.4x | 28.2x | 4.2x |
| Sun, 25 Jun 2023 | ₹935.1b | ₹231.1b | ₹34.4b | 30.4x | 27.2x | 4x |
| Tue, 23 May 2023 | ₹834.4b | ₹225.7b | ₹33.1b | 29.2x | 25.2x | 3.7x |
| Thu, 20 Apr 2023 | ₹758.2b | ₹219.2b | ₹33.2b | 29.4x | 22.8x | 3.5x |
| Sat, 18 Mar 2023 | ₹735.1b | ₹218.4b | ₹33.2b | 24.9x | 22.1x | 3.4x |
| Mon, 13 Feb 2023 | ₹816.7b | ₹225.8b | ₹34.9b | 28.1x | 23.4x | 3.6x |
Price to Earnings Ratio
23.4x
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 4.7x.
Past Earnings Growth
- The earnings for companies in the Application Software industry have grown 14% 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 | 1.42% | |
| Tech | -3.99% | |
| Software | -1.61% | |
| Application Software | -2.14% | |
| Systems Software | -0.66% | |
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 | ₹606.40 | 8.5% +₹8.6b | 30.1% | PE36.6x | |
| RATEGAIN RateGain Travel Technologies | ₹605.40 | 5.0% +₹3.4b | -11.8% | PE34.1x | |
| AMAGI Amagi Media Labs | ₹374.00 | 2.9% +₹2.3b | n/a | PE2149.6x | |
| 532408 Sigma Advanced Systems | ₹186.65 | 5.3% +₹1.7b | 128.0% | PE23.9x | |
| 532341 IZMO | ₹707.05 | 18.2% +₹1.6b | 66.6% | PE33.6x |
