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Indian (NIFTY) Application Software Industry Analysis

UpdatedSep 19, 2025
DataAggregated Company Financials
Companies60
  • 7D0.3%
  • 3M2.5%
  • 1Y-16.2%
  • YTDn/a

The Application Software industry has been flat over the last week, but BlackBuck has lost 4.8%. Unfortunately though, the industry is down 16% over the past 12 months. As for the next few years, earnings are expected to grow by 19% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
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
Tue, 03 Jan 2023₹791.3b₹213.5b₹32.5b32.6x24.4x3.7x
Thu, 01 Dec 2022₹754.4b₹205.2b₹32.1b34.1x23.5x3.7x
Sat, 29 Oct 2022₹734.1b₹202.7b₹32.6b40.9x22.5x3.6x
Mon, 26 Sep 2022₹760.8b₹197.2b₹33.1b41.6x23x3.9x
Price to Earnings Ratio

23x


Total Market Cap: ₹760.8bTotal Earnings: ₹33.1bTotal Revenue: ₹197.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Application Software Industry Price to Earnings3Y Average 32.8x202320242025
Current Industry PE
  • Investors are optimistic on the Indian Application Software industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 38.3x which is higher than its 3-year average PE of 32.8x.
  • The 3-year average PS ratio of 5.2x is lower than the industry's current PS ratio of 5.9x.
Past Earnings Growth
  • The earnings for companies in the Application Software industry have grown 11% per year over the last three years.
  • Revenues for these companies have grown 15% 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 Market1.79%
Tech1.68%
Software1.01%
Application Software0.31%
Systems Software2.17%
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
INTELLECT Intellect Design Arena₹1.04k2.6%
+₹3.6b
5.8%PE41x
532466 Oracle Financial Services Software₹9.17k0.4%
+₹3.0b
-16.7%PE33.2x
532341 IZMO₹1.01k22.6%
+₹2.8b
121.7%PE30.8x
ROUTE Route Mobile₹875.402.3%
+₹1.2b
-45.3%PE18.8x
ONMOBILE OnMobile Global₹63.0116.2%
+₹935.6m
-25.6%PS1.2x

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