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Indian (NIFTY) Application Software Industry Analysis
UpdatedJan 16, 2026
DataAggregated Company Financials
Companies61
- 7D-2.9%
- 3M-12.0%
- 1Y-20.5%
- YTDn/a
Over the last 7 days, the Application Software industry has dropped 5.8%, driven by Oracle Financial Services Software declining 3.8%. Overall the industry is down 21% in 12 months. 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 |
|---|---|---|---|---|---|---|
| Fri, 16 Jan 2026 | ₹1.6t | ₹315.8b | ₹50.4b | 32.1x | 30.8x | 4.9x |
| Sun, 14 Dec 2025 | ₹1.7t | ₹317.0b | ₹50.5b | 35.4x | 32.9x | 5.2x |
| Tue, 11 Nov 2025 | ₹1.6t | ₹304.3b | ₹48.0b | 37.9x | 34.3x | 5.4x |
| Thu, 09 Oct 2025 | ₹1.7t | ₹296.7b | ₹45.6b | 36.4x | 37.8x | 5.8x |
| Sat, 06 Sep 2025 | ₹1.6t | ₹296.7b | ₹45.5b | 34.6x | 36x | 5.5x |
| Mon, 04 Aug 2025 | ₹1.6t | ₹290.9b | ₹44.3b | 37.7x | 36.2x | 5.5x |
| Wed, 02 Jul 2025 | ₹1.7t | ₹297.6b | ₹46.0b | 32.8x | 37.1x | 5.7x |
| Fri, 30 May 2025 | ₹1.7t | ₹297.3b | ₹46.6b | 28x | 35.5x | 5.6x |
| Sun, 27 Apr 2025 | ₹1.5t | ₹291.2b | ₹41.1b | 28.7x | 37.4x | 5.3x |
| Tue, 25 Mar 2025 | ₹1.5t | ₹289.0b | ₹40.5b | 24.8x | 37x | 5.2x |
| Thu, 20 Feb 2025 | ₹1.5t | ₹289.0b | ₹40.4b | 26x | 38.3x | 5.4x |
| Sat, 18 Jan 2025 | ₹1.9t | ₹284.0b | ₹42.3b | 33.4x | 44x | 6.5x |
| Mon, 16 Dec 2024 | ₹2.1t | ₹286.0b | ₹44.4b | 33.9x | 47.1x | 7.3x |
| Wed, 13 Nov 2024 | ₹1.9t | ₹282.5b | ₹49.3b | 30.1x | 39.4x | 6.9x |
| Fri, 11 Oct 2024 | ₹2.0t | ₹277.7b | ₹47.3b | 32.9x | 41.5x | 7.1x |
| Sun, 08 Sep 2024 | ₹1.9t | ₹277.2b | ₹47.4b | 33.5x | 40.8x | 7x |
| Tue, 06 Aug 2024 | ₹1.8t | ₹275.6b | ₹47.4b | 31.9x | 37.7x | 6.5x |
| Thu, 04 Jul 2024 | ₹1.9t | ₹267.5b | ₹46.5b | 36.8x | 40.5x | 7x |
| Sat, 01 Jun 2024 | ₹1.5t | ₹270.5b | ₹46.3b | 28x | 32x | 5.5x |
| Mon, 29 Apr 2024 | ₹1.5t | ₹272.0b | ₹46.4b | 30.6x | 33.2x | 5.7x |
| Wed, 27 Mar 2024 | ₹1.6t | ₹268.5b | ₹45.4b | 34.4x | 35.2x | 6x |
| Fri, 23 Feb 2024 | ₹1.6t | ₹268.5b | ₹45.4b | 33.4x | 34.3x | 5.8x |
| Sun, 21 Jan 2024 | ₹1.5t | ₹263.3b | ₹43.5b | 32.1x | 34.4x | 5.7x |
| Tue, 19 Dec 2023 | ₹1.2t | ₹254.7b | ₹39.5b | 33.5x | 31.3x | 4.8x |
| Thu, 16 Nov 2023 | ₹1.1t | ₹254.5b | ₹39.4b | 30.4x | 28.7x | 4.4x |
| Sat, 14 Oct 2023 | ₹1.1t | ₹245.4b | ₹37.0b | 34.1x | 30.2x | 4.6x |
| Mon, 11 Sep 2023 | ₹1.1t | ₹240.0b | ₹36.7b | 34.5x | 30.2x | 4.6x |
| Wed, 09 Aug 2023 | ₹1.0t | ₹239.4b | ₹36.4b | 32.1x | 28.3x | 4.3x |
| Fri, 07 Jul 2023 | ₹964.1b | ₹230.1b | ₹34.4b | 30.8x | 28x | 4.2x |
| Sun, 04 Jun 2023 | ₹868.8b | ₹228.3b | ₹33.8b | 30.3x | 25.7x | 3.8x |
| Tue, 02 May 2023 | ₹797.0b | ₹223.1b | ₹33.5b | 29.3x | 23.8x | 3.6x |
| Thu, 30 Mar 2023 | ₹719.5b | ₹218.4b | ₹33.2b | 24.2x | 21.7x | 3.3x |
| Sat, 25 Feb 2023 | ₹766.5b | ₹218.4b | ₹33.2b | 26.2x | 23.1x | 3.5x |
| Mon, 23 Jan 2023 | ₹796.7b | ₹160.6b | ₹32.5b | 30.4x | 24.5x | 5x |
Price to Earnings Ratio
24.5x
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 30.8x which is lower than its 3-year average PE 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 25% 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 | -0.86% | |
| Tech | -0.76% | |
| Software | -2.88% | |
| Application Software | -2.89% | |
| Systems Software | -2.88% | |
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 | |
|---|---|---|---|---|---|
| AURUM Aurum PropTech | ₹190.13 | 3.1% +₹436.7m | -18.8% | PS5.1x | |
| 542770 Alphalogic Techsys | ₹58.95 | 4.1% +₹144.0m | -53.7% | PE75.2x | |
| PELATRO Pelatro | ₹348.00 | 2.7% +₹96.8m | -20.0% | PE24x | |
| 538743 Mudunuru | ₹21.04 | 8.1% +₹51.7m | 147.5% | PS11.6x | |
| 540654 GlobalSpace Technologies | ₹18.41 | 4.9% +₹29.6m | -22.5% | PE113.3x |
