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Indian (NIFTY) Application Software Industry Analysis
UpdatedFeb 03, 2026
DataAggregated Company Financials
Companies61
- 7D-1.6%
- 3M-14.8%
- 1Y-15.0%
- 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. As for the next few years, earnings are expected to grow by 17% 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 |
|---|---|---|---|---|---|---|
| Tue, 03 Feb 2026 | ₹1.6t | ₹335.8b | ₹51.0b | 29.9x | 31.1x | 4.7x |
| Thu, 01 Jan 2026 | ₹1.6t | ₹315.8b | ₹50.5b | 32.8x | 32.2x | 5.1x |
| Sat, 29 Nov 2025 | ₹1.7t | ₹315.6b | ₹50.4b | 38.5x | 33.7x | 5.4x |
| Mon, 27 Oct 2025 | ₹1.7t | ₹298.6b | ₹45.2b | 34.5x | 36.8x | 5.6x |
| Wed, 24 Sep 2025 | ₹1.7t | ₹296.6b | ₹45.5b | 35.6x | 38.4x | 5.9x |
| Fri, 22 Aug 2025 | ₹1.7t | ₹296.9b | ₹45.5b | 37.7x | 37x | 5.7x |
| Sun, 20 Jul 2025 | ₹1.7t | ₹287.4b | ₹43.9b | 33x | 38.9x | 5.9x |
| Tue, 17 Jun 2025 | ₹1.8t | ₹297.5b | ₹46.1b | 32.8x | 38.4x | 5.9x |
| Thu, 15 May 2025 | ₹1.6t | ₹297.5b | ₹43.2b | 28.3x | 37.2x | 5.4x |
| Sat, 12 Apr 2025 | ₹1.4t | ₹289.0b | ₹40.5b | 26.1x | 35.4x | 5x |
| Mon, 10 Mar 2025 | ₹1.5t | ₹289.0b | ₹40.5b | 25.9x | 36.1x | 5.1x |
| Wed, 05 Feb 2025 | ₹1.7t | ₹287.2b | ₹41.7b | 29.8x | 41.6x | 6x |
| Fri, 03 Jan 2025 | ₹2.1t | ₹285.1b | ₹44.3b | 36.6x | 48.5x | 7.5x |
| Sun, 01 Dec 2024 | ₹2.0t | ₹285.6b | ₹47.0b | 30.3x | 41.7x | 6.9x |
| Tue, 29 Oct 2024 | ₹1.8t | ₹281.4b | ₹49.0b | 30.4x | 37.5x | 6.5x |
| Thu, 26 Sep 2024 | ₹2.0t | ₹277.7b | ₹47.3b | 31.8x | 41.4x | 7x |
| Sat, 24 Aug 2024 | ₹1.9t | ₹277.1b | ₹47.4b | 35.1x | 41.1x | 7x |
| Mon, 22 Jul 2024 | ₹1.9t | ₹271.1b | ₹46.7b | 34x | 41x | 7.1x |
| Wed, 19 Jun 2024 | ₹1.8t | ₹267.5b | ₹46.5b | 32.3x | 37.8x | 6.6x |
| Fri, 17 May 2024 | ₹1.5t | ₹275.6b | ₹45.3b | 33.1x | 34.1x | 5.6x |
| Sun, 14 Apr 2024 | ₹1.6t | ₹268.5b | ₹45.4b | 33.2x | 34.7x | 5.9x |
| Tue, 12 Mar 2024 | ₹1.6t | ₹268.5b | ₹45.4b | 32.8x | 34.5x | 5.8x |
| Thu, 08 Feb 2024 | ₹1.5t | ₹267.2b | ₹44.9b | 32.2x | 33.9x | 5.7x |
| Sat, 06 Jan 2024 | ₹1.3t | ₹255.4b | ₹39.5b | 35.5x | 31.7x | 4.9x |
| Mon, 04 Dec 2023 | ₹1.1t | ₹254.7b | ₹39.5b | 34.6x | 29.1x | 4.5x |
| Wed, 01 Nov 2023 | ₹1.1t | ₹252.2b | ₹37.9b | 33x | 28.8x | 4.3x |
| Fri, 29 Sep 2023 | ₹1.1t | ₹245.4b | ₹37.0b | 34.5x | 29.7x | 4.5x |
| Sun, 27 Aug 2023 | ₹1.1t | ₹240.0b | ₹36.7b | 32.4x | 28.8x | 4.4x |
| Tue, 25 Jul 2023 | ₹1.0t | ₹232.9b | ₹34.9b | 32.5x | 28.7x | 4.3x |
| Thu, 22 Jun 2023 | ₹960.4b | ₹231.1b | ₹34.4b | 30.9x | 27.9x | 4.2x |
| Sat, 20 May 2023 | ₹834.4b | ₹225.2b | ₹32.9b | 28.3x | 25.4x | 3.7x |
| Mon, 17 Apr 2023 | ₹754.7b | ₹218.4b | ₹33.2b | 25.5x | 22.7x | 3.5x |
| Wed, 15 Mar 2023 | ₹733.3b | ₹218.4b | ₹33.2b | 25.1x | 22.1x | 3.4x |
| Fri, 10 Feb 2023 | ₹812.6b | ₹224.8b | ₹34.4b | 28.4x | 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 | 0.61% | |
| Tech | 0.096% | |
| Software | -2.06% | |
| Application Software | -1.61% | |
| Systems Software | -2.85% | |
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 |
