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Indian (NIFTY) Application Software Industry Analysis
UpdatedMar 01, 2026
DataAggregated Company Financials
Companies62
- 7D-1.5%
- 3M-20.3%
- 1Y-9.1%
- YTDn/a
Over the last 7 days, the Application Software industry has dropped 1.5%, driven by a pullback from Fractal Analytics of 9.4%. Overall the industry is down 9.1% in 12 months. Looking forward, 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?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 01 Mar 2026 | ₹1.5t | ₹358.5b | ₹55.4b | 25.4x | 27.1x | 4.2x |
| Tue, 27 Jan 2026 | ₹1.6t | ₹334.5b | ₹51.4b | 30x | 31x | 4.8x |
| Thu, 25 Dec 2025 | ₹1.6t | ₹315.8b | ₹50.5b | 32.9x | 32.5x | 5.2x |
| Sat, 22 Nov 2025 | ₹1.7t | ₹313.2b | ₹50.0b | 38.2x | 33.3x | 5.3x |
| Mon, 20 Oct 2025 | ₹1.7t | ₹298.5b | ₹45.2b | 35.2x | 37.4x | 5.7x |
| Wed, 17 Sep 2025 | ₹1.7t | ₹296.7b | ₹45.5b | 34.8x | 38.2x | 5.9x |
| Fri, 15 Aug 2025 | ₹1.6t | ₹294.4b | ₹46.7b | 34.8x | 35.2x | 5.6x |
| Sun, 13 Jul 2025 | ₹1.7t | ₹287.9b | ₹44.1b | 33x | 38.3x | 5.9x |
| Tue, 10 Jun 2025 | ₹1.7t | ₹298.1b | ₹46.2b | 32x | 37.4x | 5.8x |
| Thu, 08 May 2025 | ₹1.5t | ₹290.9b | ₹42.4b | 25.4x | 36.1x | 5.3x |
| Sat, 05 Apr 2025 | ₹1.4t | ₹289.0b | ₹40.5b | 25.8x | 35.4x | 5x |
| Mon, 03 Mar 2025 | ₹1.5t | ₹289.0b | ₹40.5b | 25.6x | 35.9x | 5x |
| Wed, 29 Jan 2025 | ₹1.7t | ₹285.1b | ₹42.0b | 29.1x | 40.2x | 5.9x |
| Fri, 27 Dec 2024 | ₹2.1t | ₹285.1b | ₹44.3b | 36x | 47.8x | 7.4x |
| Sun, 24 Nov 2024 | ₹1.9t | ₹286.1b | ₹47.3b | 24.1x | 40.4x | 6.7x |
| Tue, 22 Oct 2024 | ₹1.9t | ₹277.6b | ₹47.2b | 32.1x | 40.7x | 6.9x |
| Thu, 19 Sep 2024 | ₹2.0t | ₹277.1b | ₹47.3b | 33.4x | 41.8x | 7.1x |
| Sat, 17 Aug 2024 | ₹1.9t | ₹277.2b | ₹47.4b | 33.3x | 40.5x | 6.9x |
| Mon, 15 Jul 2024 | ₹1.9t | ₹267.8b | ₹46.6b | 34x | 41.1x | 7.2x |
| Wed, 12 Jun 2024 | ₹1.6t | ₹267.6b | ₹46.5b | 28.1x | 34.4x | 6x |
| Fri, 10 May 2024 | ₹1.5t | ₹273.5b | ₹46.3b | 32.3x | 32.4x | 5.5x |
| Sun, 07 Apr 2024 | ₹1.6t | ₹268.5b | ₹45.4b | 35.6x | 36.2x | 6.1x |
| Tue, 05 Mar 2024 | ₹1.6t | ₹268.5b | ₹45.4b | 31.9x | 34.7x | 5.9x |
| Thu, 01 Feb 2024 | ₹1.4t | ₹265.6b | ₹44.1b | 29.8x | 32.7x | 5.4x |
| Sat, 30 Dec 2023 | ₹1.2t | ₹255.4b | ₹39.5b | 32.4x | 30.7x | 4.7x |
| Mon, 27 Nov 2023 | ₹1.1t | ₹254.7b | ₹39.5b | 31.1x | 28.9x | 4.5x |
| Wed, 25 Oct 2023 | ₹1.1t | ₹247.6b | ₹37.3b | 32.7x | 28.8x | 4.3x |
| Fri, 22 Sep 2023 | ₹1.1t | ₹240.1b | ₹36.7b | 33x | 29.3x | 4.5x |
| Sun, 20 Aug 2023 | ₹1.1t | ₹240.0b | ₹36.7b | 31.7x | 28.7x | 4.4x |
| Tue, 18 Jul 2023 | ₹996.0b | ₹230.1b | ₹34.5b | 28.4x | 28.9x | 4.3x |
| Thu, 15 Jun 2023 | ₹938.6b | ₹227.0b | ₹33.9b | 30.3x | 27.7x | 4.1x |
| Sat, 13 May 2023 | ₹813.3b | ₹224.9b | ₹33.3b | 27.4x | 24.4x | 3.6x |
| Mon, 10 Apr 2023 | ₹745.5b | ₹218.4b | ₹33.2b | 26.4x | 22.5x | 3.4x |
| Wed, 08 Mar 2023 | ₹768.4b | ₹218.4b | ₹33.2b | 26.2x | 23.1x | 3.5x |
Price to Earnings Ratio
23.1x
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 27.1x which is lower than its 3-year average PE of 34.2x.
- The 3-year average PS ratio of 5.4x is higher than the industry's current PS ratio of 4.2x.
Past Earnings Growth
- The earnings for companies in the Application Software industry have grown 19% 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 | -0.79% | |
| Tech | -3.37% | |
| Software | -3.04% | |
| Application Software | -1.46% | |
| Systems Software | -6.05% | |
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 | ₹6.92k | 4.3% +₹24.7b | -10.8% | PE24.7x | |
| 544431 Ace Alpha Tech | ₹106.00 | 8.2% +₹140.5m | n/a | PE14.7x | |
| 543897 Sancode Technologies | ₹223.40 | 18.0% +₹138.7m | 328.8% | PE82.4x | |
| TANLA Tanla Platforms | ₹455.00 | 0.2% +₹126.0m | 4.3% | PE12.3x | |
| 530595 Telecanor Global | ₹47.32 | 11.0% +₹75.9m | 657.1% | PE10.4x |
