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Indian (NIFTY) Application Software Industry Analysis
UpdatedJan 15, 2026
DataAggregated Company Financials
Companies61
- 7D-5.8%
- 3M-12.6%
- 1Y-21.1%
- YTDn/a
Over the last 7 days, the Application Software industry has dropped 2.0%, driven by a pullback from Oracle Financial Services Software of 3.8%. However, the industry is down 21% over the past year. As for the next few years, earnings are expected to grow by 16% per annum.
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 |
|---|---|---|---|---|---|---|
| Thu, 15 Jan 2026 | ₹1.6t | ₹315.8b | ₹50.4b | 32.1x | 30.8x | 4.9x |
| Sat, 13 Dec 2025 | ₹1.7t | ₹317.0b | ₹50.5b | 35.4x | 32.9x | 5.2x |
| Mon, 10 Nov 2025 | ₹1.6t | ₹304.3b | ₹48.0b | 38.4x | 34.3x | 5.4x |
| Wed, 08 Oct 2025 | ₹1.7t | ₹296.7b | ₹45.6b | 34.2x | 38.2x | 5.9x |
| Fri, 05 Sep 2025 | ₹1.6t | ₹296.9b | ₹45.5b | 35.2x | 36.1x | 5.5x |
| Sun, 03 Aug 2025 | ₹1.6t | ₹291.0b | ₹44.3b | 37.7x | 36.2x | 5.5x |
| Tue, 01 Jul 2025 | ₹1.7t | ₹297.6b | ₹46.0b | 32.8x | 37.1x | 5.7x |
| Thu, 29 May 2025 | ₹1.6t | ₹297.5b | ₹46.5b | 28.9x | 35.5x | 5.5x |
| Sat, 26 Apr 2025 | ₹1.5t | ₹289.2b | ₹40.3b | 28.7x | 38.1x | 5.3x |
| Mon, 24 Mar 2025 | ₹1.5t | ₹289.0b | ₹40.5b | 24.4x | 35.9x | 5x |
| Wed, 19 Feb 2025 | ₹1.5t | ₹289.0b | ₹40.4b | 26x | 38.3x | 5.4x |
| Fri, 17 Jan 2025 | ₹1.9t | ₹283.7b | ₹42.3b | 34.4x | 44.4x | 6.6x |
| Sun, 15 Dec 2024 | ₹2.1t | ₹285.6b | ₹47.0b | 33.9x | 44.4x | 7.3x |
| Tue, 12 Nov 2024 | ₹2.0t | ₹282.0b | ₹49.2b | 29.8x | 39.8x | 6.9x |
| Thu, 10 Oct 2024 | ₹2.0t | ₹277.7b | ₹47.3b | 32.4x | 41.6x | 7.1x |
| Sat, 07 Sep 2024 | ₹1.9t | ₹277.2b | ₹47.4b | 33.5x | 40.8x | 7x |
| Mon, 05 Aug 2024 | ₹1.9t | ₹275.7b | ₹47.4b | 33.7x | 39.7x | 6.8x |
| Wed, 03 Jul 2024 | ₹1.9t | ₹267.5b | ₹46.5b | 36.2x | 39.9x | 6.9x |
| Fri, 31 May 2024 | ₹1.5t | ₹270.5b | ₹46.3b | 28.1x | 31.8x | 5.4x |
| Sun, 28 Apr 2024 | ₹1.5t | ₹272.0b | ₹46.4b | 30.6x | 33.2x | 5.7x |
| Tue, 26 Mar 2024 | ₹1.6t | ₹268.5b | ₹45.4b | 33.9x | 34.5x | 5.8x |
| Thu, 22 Feb 2024 | ₹1.5t | ₹268.5b | ₹45.4b | 32.7x | 33.8x | 5.7x |
| Sat, 20 Jan 2024 | ₹1.5t | ₹259.0b | ₹42.6b | 32.1x | 35.1x | 5.8x |
| Mon, 18 Dec 2023 | ₹1.2t | ₹254.7b | ₹39.5b | 33.7x | 31.1x | 4.8x |
| Wed, 15 Nov 2023 | ₹1.1t | ₹254.5b | ₹39.4b | 29.3x | 28.5x | 4.4x |
| Fri, 13 Oct 2023 | ₹1.1t | ₹245.4b | ₹37.0b | 33.5x | 30.4x | 4.6x |
| Sun, 10 Sep 2023 | ₹1.1t | ₹240.0b | ₹36.7b | 34.5x | 30.2x | 4.6x |
| Tue, 08 Aug 2023 | ₹1.0t | ₹238.4b | ₹36.2b | 32.1x | 28.3x | 4.3x |
| Thu, 06 Jul 2023 | ₹957.7b | ₹230.1b | ₹34.4b | 30.7x | 27.8x | 4.2x |
| Sat, 03 Jun 2023 | ₹868.8b | ₹228.4b | ₹33.9b | 30.4x | 25.6x | 3.8x |
| Mon, 01 May 2023 | ₹797.0b | ₹223.1b | ₹33.5b | 29.3x | 23.8x | 3.6x |
| Wed, 29 Mar 2023 | ₹712.5b | ₹218.4b | ₹33.2b | 24.9x | 21.5x | 3.3x |
| Fri, 24 Feb 2023 | ₹766.6b | ₹218.4b | ₹33.2b | 26.1x | 23.1x | 3.5x |
| Sun, 22 Jan 2023 | ₹796.7b | ₹160.6b | ₹32.5b | 30.4x | 24.5x | 5x |
Price to Earnings Ratio
24.5x
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 34.0x.
- The industry is trading close to its 3-year average PS ratio of 5.4x.
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 13% 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 | -2.46% | |
| Tech | -2.81% | |
| Software | -5.48% | |
| Application Software | -5.76% | |
| Systems Software | -5.04% | |
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 | |
|---|---|---|---|---|---|
| AURUM Aurum PropTech | ₹190.13 | 2.6% +₹363.1m | -18.1% | PS5.1x | |
| 532344 SoftSol India | ₹219.70 | 3.5% +₹110.0m | -23.7% | PE32.1x | |
| 542770 Alphalogic Techsys | ₹58.95 | 2.3% +₹83.3m | -51.4% | PE75.2x | |
| 538743 Mudunuru | ₹21.04 | 10.3% +₹64.1m | 147.5% | PS11.6x | |
| 539724 HyperSoft Technologies | ₹77.37 | 3.2% +₹39.6m | 319.8% | PE36.6x |
