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Indian (NIFTY) Application Software Industry Analysis
UpdatedJan 28, 2026
DataAggregated Company Financials
Companies61
- 7D-0.6%
- 3M-13.4%
- 1Y-13.3%
- YTDn/a
Over the last 7 days, the Application Software industry has dropped 1.8%, and RateGain Travel Technologies contributed the most with a 6.2% decline. Overall the industry is down 14% in 12 months. 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 |
|---|---|---|---|---|---|---|
| Wed, 28 Jan 2026 | ₹1.6t | ₹334.5b | ₹51.4b | 29.6x | 31x | 4.8x |
| Fri, 26 Dec 2025 | ₹1.6t | ₹315.8b | ₹50.5b | 32.9x | 32.5x | 5.2x |
| Sun, 23 Nov 2025 | ₹1.7t | ₹313.2b | ₹50.0b | 38.6x | 33.4x | 5.3x |
| Tue, 21 Oct 2025 | ₹1.7t | ₹298.5b | ₹45.2b | 34.6x | 37.4x | 5.7x |
| Thu, 18 Sep 2025 | ₹1.7t | ₹296.7b | ₹45.5b | 34.9x | 38.2x | 5.9x |
| Sat, 16 Aug 2025 | ₹1.6t | ₹295.3b | ₹46.8b | 36.6x | 35.1x | 5.6x |
| Mon, 14 Jul 2025 | ₹1.7t | ₹287.9b | ₹44.1b | 33x | 38.3x | 5.9x |
| Wed, 11 Jun 2025 | ₹1.8t | ₹298.1b | ₹46.2b | 31.9x | 38.1x | 5.9x |
| Fri, 09 May 2025 | ₹1.5t | ₹290.8b | ₹42.4b | 24.7x | 35.2x | 5.1x |
| Sun, 06 Apr 2025 | ₹1.4t | ₹289.0b | ₹40.5b | 25.8x | 35.4x | 5x |
| Tue, 04 Mar 2025 | ₹1.4t | ₹289.0b | ₹40.5b | 25x | 35.7x | 5x |
| Thu, 30 Jan 2025 | ₹1.7t | ₹287.1b | ₹41.7b | 31.6x | 41.5x | 6x |
| Sat, 28 Dec 2024 | ₹2.1t | ₹285.1b | ₹44.3b | 36.7x | 48.4x | 7.5x |
| Mon, 25 Nov 2024 | ₹1.9t | ₹286.1b | ₹47.3b | 24.1x | 40.4x | 6.7x |
| Wed, 23 Oct 2024 | ₹1.9t | ₹278.8b | ₹47.4b | 30.5x | 39.3x | 6.7x |
| Fri, 20 Sep 2024 | ₹1.9t | ₹277.1b | ₹47.3b | 32x | 40.9x | 7x |
| Sun, 18 Aug 2024 | ₹1.9t | ₹277.2b | ₹47.4b | 33.3x | 40.5x | 6.9x |
| Tue, 16 Jul 2024 | ₹2.0t | ₹267.8b | ₹46.6b | 33.4x | 42.1x | 7.3x |
| Thu, 13 Jun 2024 | ₹1.6t | ₹267.6b | ₹46.5b | 29.7x | 34.7x | 6x |
| Sat, 11 May 2024 | ₹1.5t | ₹274.1b | ₹46.1b | 31.8x | 32.1x | 5.4x |
| Mon, 08 Apr 2024 | ₹1.6t | ₹268.5b | ₹45.4b | 35.6x | 36.2x | 6.1x |
| Wed, 06 Mar 2024 | ₹1.6t | ₹268.5b | ₹45.4b | 32.5x | 34.5x | 5.8x |
| Fri, 02 Feb 2024 | ₹1.4t | ₹265.3b | ₹44.3b | 30.4x | 32.2x | 5.4x |
| Sun, 31 Dec 2023 | ₹1.2t | ₹255.4b | ₹39.5b | 32.4x | 30.7x | 4.7x |
| Tue, 28 Nov 2023 | ₹1.1t | ₹254.7b | ₹39.5b | 31.1x | 28.9x | 4.5x |
| Thu, 26 Oct 2023 | ₹1.1t | ₹247.8b | ₹37.2b | 31x | 28.9x | 4.3x |
| Sat, 23 Sep 2023 | ₹1.1t | ₹240.1b | ₹36.7b | 33.3x | 29.3x | 4.5x |
| Mon, 21 Aug 2023 | ₹1.1t | ₹240.0b | ₹36.7b | 31.7x | 28.7x | 4.4x |
| Wed, 19 Jul 2023 | ₹986.5b | ₹230.1b | ₹34.5b | 28.4x | 28.6x | 4.3x |
| Fri, 16 Jun 2023 | ₹938.1b | ₹227.0b | ₹33.9b | 30.6x | 27.7x | 4.1x |
| Sun, 14 May 2023 | ₹813.4b | ₹225.0b | ₹33.2b | 28.9x | 24.5x | 3.6x |
| Tue, 11 Apr 2023 | ₹745.5b | ₹218.4b | ₹33.2b | 26.3x | 22.5x | 3.4x |
| Thu, 09 Mar 2023 | ₹766.0b | ₹218.4b | ₹33.2b | 25.5x | 23.1x | 3.5x |
| Sat, 04 Feb 2023 | ₹792.9b | ₹223.6b | ₹33.1b | 28.7x | 23.9x | 3.5x |
Price to Earnings Ratio
23.9x
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 31.0x which is lower than its 3-year average PE 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 Market | -0.64% | |
| Tech | 0.56% | |
| Software | -0.97% | |
| Application Software | -0.63% | |
| Systems Software | -1.54% | |
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 | |
|---|---|---|---|---|---|
| 532466 Oracle Financial Services Software | ₹8.01k | 4.3% +₹28.5b | -16.1% | PE28.5x | |
| TANLA Tanla Platforms | ₹518.50 | 18.4% +₹10.7b | -5.6% | PE14x | |
| AMAGI Amagi Media Labs | ₹366.85 | 5.3% +₹4.0b | n/a | PE2108.5x | |
| INTELLECT Intellect Design Arena | ₹910.10 | 1.7% +₹2.1b | 10.7% | PE31.5x | |
| ZAGGLE Zaggle Prepaid Ocean Services | ₹292.15 | 4.8% +₹1.8b | -34.0% | PE35.1x |
