Returns On Capital Are Showing Encouraging Signs At BlackBuck (NSE:BLACKBUCK)
Feb 04
Have your own idea? Try our Stock Screener
Indian (NIFTY) Application Software Industry Analysis
UpdatedFeb 04, 2026
DataAggregated Company Financials
Companies61
- 7D0.9%
- 3M-12.7%
- 1Y-14.2%
- YTDn/a
Over the last 7 days, the Application Software industry has dropped 1.6%, driven by a pullback from Oracle Financial Services Software of 2.3%. In contrast, BlackBuck has gained 13%. However, the industry is down 15% over the past year. Looking forward, earnings are forecast to grow by 17% 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, 04 Feb 2026 | ₹1.6t | ₹335.8b | ₹51.0b | 31.5x | 31.9x | 4.8x |
| Fri, 02 Jan 2026 | ₹1.6t | ₹315.8b | ₹50.5b | 31.8x | 32.2x | 5.1x |
| Sun, 30 Nov 2025 | ₹1.7t | ₹315.7b | ₹50.4b | 38.5x | 33.7x | 5.4x |
| Tue, 28 Oct 2025 | ₹1.7t | ₹298.6b | ₹45.2b | 34.9x | 37.3x | 5.7x |
| Thu, 25 Sep 2025 | ₹1.7t | ₹296.6b | ₹45.5b | 36.9x | 38.1x | 5.9x |
| Sat, 23 Aug 2025 | ₹1.7t | ₹296.9b | ₹45.5b | 37.6x | 37x | 5.7x |
| Mon, 21 Jul 2025 | ₹1.7t | ₹287.4b | ₹43.9b | 33x | 38.9x | 5.9x |
| Wed, 18 Jun 2025 | ₹1.8t | ₹297.5b | ₹46.1b | 33.5x | 38.5x | 6x |
| Fri, 16 May 2025 | ₹1.6t | ₹297.6b | ₹43.2b | 28.9x | 37.8x | 5.5x |
| Sun, 13 Apr 2025 | ₹1.4t | ₹289.0b | ₹40.5b | 26.1x | 35.4x | 5x |
| Tue, 11 Mar 2025 | ₹1.4t | ₹289.0b | ₹40.5b | 25.9x | 35.2x | 4.9x |
| Thu, 06 Feb 2025 | ₹1.7t | ₹287.5b | ₹41.6b | 30x | 42x | 6.1x |
| Sat, 04 Jan 2025 | ₹2.1t | ₹285.1b | ₹44.3b | 36.1x | 48.2x | 7.5x |
| Mon, 02 Dec 2024 | ₹2.0t | ₹285.6b | ₹47.0b | 30.3x | 41.7x | 6.9x |
| Wed, 30 Oct 2024 | ₹1.8t | ₹281.7b | ₹49.1b | 29.2x | 37.6x | 6.6x |
| Fri, 27 Sep 2024 | ₹2.0t | ₹277.7b | ₹47.3b | 31.8x | 41.6x | 7.1x |
| Sun, 25 Aug 2024 | ₹1.9t | ₹277.1b | ₹47.4b | 35.1x | 41.1x | 7x |
| Tue, 23 Jul 2024 | ₹1.9t | ₹271.1b | ₹46.7b | 32.8x | 40.9x | 7x |
| Thu, 20 Jun 2024 | ₹1.8t | ₹267.5b | ₹46.5b | 31.6x | 38.1x | 6.6x |
| Sat, 18 May 2024 | ₹1.5t | ₹276.1b | ₹45.2b | 32.8x | 33.9x | 5.6x |
| Mon, 15 Apr 2024 | ₹1.6t | ₹268.5b | ₹45.4b | 33.2x | 34.7x | 5.9x |
| Wed, 13 Mar 2024 | ₹1.6t | ₹268.5b | ₹45.4b | 33.5x | 34.5x | 5.8x |
| Fri, 09 Feb 2024 | ₹1.5t | ₹267.3b | ₹44.9b | 32.6x | 34.2x | 5.7x |
| Sun, 07 Jan 2024 | ₹1.2t | ₹254.8b | ₹39.4b | 34x | 31.7x | 4.9x |
| Tue, 05 Dec 2023 | ₹1.2t | ₹254.7b | ₹39.5b | 33.9x | 29.4x | 4.6x |
| Thu, 02 Nov 2023 | ₹1.1t | ₹252.2b | ₹37.9b | 32.4x | 28.8x | 4.3x |
| Sat, 30 Sep 2023 | ₹1.1t | ₹245.4b | ₹37.0b | 34.7x | 29.7x | 4.5x |
| Mon, 28 Aug 2023 | ₹1.1t | ₹240.0b | ₹36.7b | 32.4x | 28.8x | 4.4x |
| Wed, 26 Jul 2023 | ₹1.0t | ₹232.9b | ₹34.9b | 32.2x | 28.6x | 4.3x |
| Fri, 23 Jun 2023 | ₹960.4b | ₹231.1b | ₹34.4b | 30.5x | 27.9x | 4.2x |
| Sun, 21 May 2023 | ₹834.4b | ₹225.7b | ₹33.1b | 28.3x | 25.2x | 3.7x |
| Tue, 18 Apr 2023 | ₹755.1b | ₹218.4b | ₹33.2b | 27.7x | 22.7x | 3.5x |
| Thu, 16 Mar 2023 | ₹732.5b | ₹218.4b | ₹33.2b | 25.4x | 22.1x | 3.4x |
| Sat, 11 Feb 2023 | ₹816.7b | ₹225.4b | ₹34.5b | 28.1x | 23.7x | 3.6x |
Price to Earnings Ratio
23.7x
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 31.1x 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 4.7x.
Past Earnings Growth
- The earnings for companies in the Application Software industry have grown 14% 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 | 3.02% | |
| Tech | 1.70% | |
| Software | 0.27% | |
| Application Software | 0.92% | |
| Systems Software | -0.88% | |
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 | |
|---|---|---|---|---|---|
| BLACKBUCK BlackBuck | ₹624.75 | 13.2% +₹13.3b | 45.4% | PE37.7x | |
| AMAGI Amagi Media Labs | ₹380.85 | 5.8% +₹4.5b | n/a | PE2189x | |
| RATEGAIN RateGain Travel Technologies | ₹647.15 | 6.2% +₹4.5b | -4.7% | PE36.5x | |
| INFOBEAN InfoBeans Technologies | ₹911.40 | 23.2% +₹4.2b | 166.5% | PE29.2x | |
| ZAGGLE Zaggle Prepaid Ocean Services | ₹301.35 | 9.4% +₹3.5b | -36.1% | PE36.2x |
