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Indian (NIFTY) Application Software Industry Analysis
UpdatedFeb 20, 2026
DataAggregated Company Financials
Companies61
- 7D-3.4%
- 3M-18.4%
- 1Y-15.2%
- YTDn/a
In the last week, the Application Software industry is down 3.4% with C. E. Info Systems down the most at 13%. Meanwhile, IZMO actually outperformed within the industry, gaining 13% in the last week. The industry has fallen 15% in the last year. 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 |
|---|---|---|---|---|---|---|
| Fri, 20 Feb 2026 | ₹1.5t | ₹358.4b | ₹55.4b | 26.8x | 27.7x | 4.3x |
| Sun, 18 Jan 2026 | ₹1.6t | ₹315.8b | ₹50.4b | 32x | 31.3x | 5x |
| Tue, 16 Dec 2025 | ₹1.7t | ₹317.0b | ₹50.5b | 34.7x | 32.9x | 5.2x |
| Thu, 13 Nov 2025 | ₹1.7t | ₹305.9b | ₹48.2b | 38.5x | 34.9x | 5.5x |
| Sat, 11 Oct 2025 | ₹1.7t | ₹296.7b | ₹45.6b | 35.9x | 38.2x | 5.9x |
| Mon, 08 Sep 2025 | ₹1.6t | ₹296.7b | ₹45.5b | 34.6x | 36x | 5.5x |
| Wed, 06 Aug 2025 | ₹1.6t | ₹291.0b | ₹44.3b | 35.7x | 37x | 5.6x |
| Fri, 04 Jul 2025 | ₹1.7t | ₹287.9b | ₹44.1b | 33x | 38.7x | 5.9x |
| Sun, 01 Jun 2025 | ₹1.7t | ₹298.0b | ₹46.5b | 29.5x | 35.5x | 5.5x |
| Tue, 29 Apr 2025 | ₹1.6t | ₹290.4b | ₹41.1b | 29.3x | 37.9x | 5.4x |
| Thu, 27 Mar 2025 | ₹1.5t | ₹289.0b | ₹40.5b | 24.4x | 36.7x | 5.1x |
| Sat, 22 Feb 2025 | ₹1.5t | ₹289.0b | ₹40.4b | 27.3x | 38.1x | 5.3x |
| Mon, 20 Jan 2025 | ₹1.9t | ₹284.0b | ₹42.3b | 33.4x | 44x | 6.5x |
| Wed, 18 Dec 2024 | ₹2.1t | ₹286.0b | ₹44.4b | 33.5x | 47.5x | 7.4x |
| Fri, 15 Nov 2024 | ₹1.9t | ₹282.7b | ₹48.6b | 29.5x | 39x | 6.7x |
| Sun, 13 Oct 2024 | ₹2.0t | ₹277.7b | ₹47.3b | 32.5x | 41.7x | 7.1x |
| Tue, 10 Sep 2024 | ₹1.9t | ₹277.1b | ₹47.3b | 32.3x | 40.9x | 7x |
| Thu, 08 Aug 2024 | ₹1.8t | ₹275.8b | ₹47.5b | 33.3x | 38.2x | 6.6x |
| Sat, 06 Jul 2024 | ₹1.9t | ₹267.5b | ₹46.5b | 40.1x | 40.9x | 7.1x |
| Mon, 03 Jun 2024 | ₹1.5t | ₹270.5b | ₹46.3b | 28x | 32x | 5.5x |
| Wed, 01 May 2024 | ₹1.5t | ₹271.9b | ₹46.5b | 31.1x | 33.3x | 5.7x |
| Fri, 29 Mar 2024 | ₹1.6t | ₹268.5b | ₹45.4b | 35.5x | 35.1x | 5.9x |
| Sun, 25 Feb 2024 | ₹1.6t | ₹268.5b | ₹45.4b | 33.4x | 34.5x | 5.8x |
| Tue, 23 Jan 2024 | ₹1.5t | ₹263.3b | ₹43.5b | 32.1x | 34.2x | 5.7x |
| Thu, 21 Dec 2023 | ₹1.2t | ₹254.7b | ₹39.5b | 32.4x | 29.9x | 4.6x |
| Sat, 18 Nov 2023 | ₹1.1t | ₹254.6b | ₹39.4b | 32.1x | 29.2x | 4.5x |
| Mon, 16 Oct 2023 | ₹1.1t | ₹245.4b | ₹37.0b | 34.1x | 30.2x | 4.6x |
| Wed, 13 Sep 2023 | ₹1.1t | ₹240.0b | ₹36.7b | 31.3x | 29.2x | 4.5x |
| Fri, 11 Aug 2023 | ₹1.0t | ₹239.9b | ₹36.6b | 32.4x | 28.5x | 4.3x |
| Sun, 09 Jul 2023 | ₹949.6b | ₹230.1b | ₹34.4b | 30.2x | 27.6x | 4.1x |
| Tue, 06 Jun 2023 | ₹873.5b | ₹228.6b | ₹33.8b | 27.6x | 25.8x | 3.8x |
| Thu, 04 May 2023 | ₹805.7b | ₹223.3b | ₹33.4b | 29x | 24.1x | 3.6x |
| Sat, 01 Apr 2023 | ₹729.4b | ₹218.4b | ₹33.2b | 23.5x | 22x | 3.3x |
| Mon, 27 Feb 2023 | ₹766.5b | ₹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 27.7x 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 4.3x.
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 | -1.63% | |
| Tech | -2.63% | |
| Software | -2.98% | |
| Application Software | -3.39% | |
| Systems Software | -2.27% | |
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 | |
|---|---|---|---|---|---|
| INTELLECT Intellect Design Arena | ₹704.20 | 3.7% +₹3.5b | -2.9% | PE27.2x | |
| CAPILLARY Capillary Technologies India | ₹543.60 | 4.9% +₹2.0b | n/a | PE195.4x | |
| UNIECOM Unicommerce eSolutions | ₹112.89 | 11.8% +₹1.3b | -3.7% | PE61.6x | |
| AURUM Aurum PropTech | ₹187.34 | 8.7% +₹1.1b | 8.6% | PS4.3x | |
| 532341 IZMO | ₹873.65 | 8.0% +₹962.8m | 195.0% | PE35.2x |
