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Indian (NIFTY) Application Software Industry Analysis
UpdatedJan 25, 2026
DataAggregated Company Financials
Companies61
- 7D-4.1%
- 3M-12.5%
- 1Y-18.8%
- YTDn/a
Over the last 7 days, the Application Software industry has dropped 4.1%, driven by a pullback from BlackBuck of 14%. The industry has fallen 19% in the last year. Looking forward, earnings are forecast to grow by 16% 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, 25 Jan 2026 | ₹1.6t | ₹334.5b | ₹51.4b | 30x | 31x | 4.8x |
| Tue, 23 Dec 2025 | ₹1.6t | ₹315.8b | ₹50.5b | 33.1x | 32.7x | 5.2x |
| Thu, 20 Nov 2025 | ₹1.7t | ₹306.3b | ₹49.8b | 39.4x | 33.3x | 5.4x |
| Sat, 18 Oct 2025 | ₹1.7t | ₹296.8b | ₹45.6b | 35.2x | 37.1x | 5.7x |
| Mon, 15 Sep 2025 | ₹1.7t | ₹296.7b | ₹45.5b | 34.8x | 37.8x | 5.8x |
| Wed, 13 Aug 2025 | ₹1.6t | ₹293.7b | ₹46.2b | 33x | 35.2x | 5.5x |
| Fri, 11 Jul 2025 | ₹1.7t | ₹287.9b | ₹44.1b | 32.5x | 38.7x | 5.9x |
| Sun, 08 Jun 2025 | ₹1.7t | ₹298.5b | ₹46.2b | 31.8x | 36.4x | 5.6x |
| Tue, 06 May 2025 | ₹1.6t | ₹290.9b | ₹42.4b | 26.6x | 36.6x | 5.3x |
| Thu, 03 Apr 2025 | ₹1.5t | ₹289.0b | ₹40.5b | 26.1x | 36.4x | 5.1x |
| Sat, 01 Mar 2025 | ₹1.5t | ₹289.0b | ₹40.4b | 25.6x | 35.9x | 5x |
| Mon, 27 Jan 2025 | ₹1.8t | ₹284.3b | ₹41.9b | 32.4x | 42.9x | 6.3x |
| Wed, 25 Dec 2024 | ₹2.1t | ₹285.1b | ₹44.3b | 36.3x | 47.4x | 7.4x |
| Fri, 22 Nov 2024 | ₹1.9t | ₹286.1b | ₹47.3b | 24.8x | 39.6x | 6.6x |
| Sun, 20 Oct 2024 | ₹2.0t | ₹277.6b | ₹47.2b | 33.4x | 41.7x | 7.1x |
| Tue, 17 Sep 2024 | ₹2.1t | ₹277.1b | ₹47.3b | 33.3x | 43.8x | 7.5x |
| Thu, 15 Aug 2024 | ₹1.9t | ₹276.7b | ₹47.2b | 34.8x | 39.6x | 6.8x |
| Sat, 13 Jul 2024 | ₹1.9t | ₹267.8b | ₹46.6b | 34x | 41.1x | 7.2x |
| Mon, 10 Jun 2024 | ₹1.6t | ₹267.2b | ₹46.4b | 27.5x | 34.1x | 5.9x |
| Wed, 08 May 2024 | ₹1.5t | ₹272.1b | ₹46.4b | 32.9x | 32.8x | 5.6x |
| Fri, 05 Apr 2024 | ₹1.7t | ₹268.5b | ₹45.4b | 35.7x | 36.4x | 6.2x |
| Sun, 03 Mar 2024 | ₹1.6t | ₹268.5b | ₹45.4b | 32.6x | 34.6x | 5.9x |
| Tue, 30 Jan 2024 | ₹1.4t | ₹265.5b | ₹44.1b | 28.3x | 32.6x | 5.4x |
| Thu, 28 Dec 2023 | ₹1.2t | ₹254.7b | ₹39.4b | 35x | 30.9x | 4.8x |
| Sat, 25 Nov 2023 | ₹1.1t | ₹254.7b | ₹39.5b | 31.1x | 28.9x | 4.5x |
| Mon, 23 Oct 2023 | ₹1.1t | ₹247.8b | ₹37.3b | 34.2x | 29.7x | 4.5x |
| Wed, 20 Sep 2023 | ₹1.1t | ₹240.1b | ₹36.7b | 33.3x | 29.6x | 4.5x |
| Fri, 18 Aug 2023 | ₹1.1t | ₹240.0b | ₹36.7b | 35.3x | 29.1x | 4.4x |
| Sun, 16 Jul 2023 | ₹1.0t | ₹230.1b | ₹34.5b | 31x | 29.2x | 4.4x |
| Tue, 13 Jun 2023 | ₹883.3b | ₹227.5b | ₹33.9b | 27.1x | 26.1x | 3.9x |
| Thu, 11 May 2023 | ₹797.6b | ₹223.3b | ₹33.4b | 28.8x | 23.9x | 3.6x |
| Sat, 08 Apr 2023 | ₹745.5b | ₹218.4b | ₹33.2b | 26.4x | 22.5x | 3.4x |
| Mon, 06 Mar 2023 | ₹759.7b | ₹218.4b | ₹33.2b | 26.2x | 22.9x | 3.5x |
| Wed, 01 Feb 2023 | ₹801.7b | ₹223.1b | ₹32.9b | 28.6x | 24.4x | 3.6x |
Price to Earnings Ratio
24.4x
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 31.0x 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 4.8x.
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 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 | -3.58% | |
| Tech | -2.96% | |
| Software | -5.19% | |
| Application Software | -4.12% | |
| Systems Software | -6.90% | |
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 | |
|---|---|---|---|---|---|
| TANLA Tanla Platforms | ₹481.00 | 3.9% +₹2.4b | -21.1% | PE13x | |
| INFOBEAN InfoBeans Technologies | ₹823.30 | 4.1% +₹795.1m | 104.3% | PE26.4x | |
| 540416 Octaware Technologies | ₹94.72 | 8.2% +₹25.9m | n/a | PS2.3x | |
| 534920 Covidh Technologies | ₹23.21 | 10.3% +₹18.2m | n/a | PE127.5x | |
| 540654 GlobalSpace Technologies | ₹18.72 | 1.8% +₹11.7m | -3.6% | PE115.2x |
