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Indian (NIFTY) Application Software Industry Analysis
UpdatedFeb 07, 2026
DataAggregated Company Financials
Companies60
- 7D-3.8%
- 3M-15.2%
- 1Y-19.8%
- YTDn/a
Over the last 7 days, the Application Software industry has dropped 2.1%, driven by Oracle Financial Services Software declining 6.4%. Meanwhile, BlackBuck actually outperformed within the industry, gaining 11% in the last week. However, the industry is down 18% 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 |
|---|---|---|---|---|---|---|
| Sat, 07 Feb 2026 | ₹1.5t | ₹323.9b | ₹51.7b | 29.8x | 28.4x | 4.5x |
| Mon, 05 Jan 2026 | ₹1.6t | ₹315.8b | ₹50.5b | 34.2x | 32.5x | 5.2x |
| Wed, 03 Dec 2025 | ₹1.7t | ₹315.7b | ₹50.4b | 37.9x | 33.5x | 5.3x |
| Fri, 31 Oct 2025 | ₹1.7t | ₹299.0b | ₹45.3b | 34.7x | 37.3x | 5.6x |
| Sun, 28 Sep 2025 | ₹1.7t | ₹296.6b | ₹45.5b | 36.4x | 36.6x | 5.6x |
| Tue, 26 Aug 2025 | ₹1.7t | ₹296.9b | ₹45.5b | 36.7x | 37.3x | 5.7x |
| Thu, 24 Jul 2025 | ₹1.7t | ₹288.0b | ₹43.9b | 38.3x | 38.9x | 5.9x |
| Sat, 21 Jun 2025 | ₹1.7t | ₹297.5b | ₹46.1b | 33.7x | 36.9x | 5.7x |
| Mon, 19 May 2025 | ₹1.7t | ₹298.3b | ₹43.5b | 28.3x | 38.4x | 5.6x |
| Wed, 16 Apr 2025 | ₹1.5t | ₹289.0b | ₹40.5b | 26.7x | 36.3x | 5.1x |
| Fri, 14 Mar 2025 | ₹1.4t | ₹289.0b | ₹40.5b | 23.9x | 34.1x | 4.8x |
| Sun, 09 Feb 2025 | ₹1.8t | ₹289.4b | ₹41.2b | 28.7x | 42.7x | 6.1x |
| Tue, 07 Jan 2025 | ₹2.1t | ₹285.1b | ₹44.3b | 34.4x | 46.4x | 7.2x |
| Thu, 05 Dec 2024 | ₹2.1t | ₹285.6b | ₹47.0b | 35x | 43.7x | 7.2x |
| Sat, 02 Nov 2024 | ₹1.9t | ₹281.7b | ₹49.1b | 30x | 38.1x | 6.7x |
| Mon, 30 Sep 2024 | ₹2.0t | ₹277.7b | ₹47.3b | 31.5x | 41.6x | 7.1x |
| Wed, 28 Aug 2024 | ₹2.0t | ₹277.1b | ₹47.4b | 35.6x | 41.3x | 7.1x |
| Fri, 26 Jul 2024 | ₹2.0t | ₹274.0b | ₹48.0b | 33.5x | 40.7x | 7.1x |
| Sun, 23 Jun 2024 | ₹1.8t | ₹267.5b | ₹46.5b | 31.6x | 38.4x | 6.7x |
| Tue, 21 May 2024 | ₹1.5t | ₹269.3b | ₹45.8b | 30.5x | 33.7x | 5.7x |
| Thu, 18 Apr 2024 | ₹1.5t | ₹268.5b | ₹45.4b | 31.8x | 33.9x | 5.7x |
| Sat, 16 Mar 2024 | ₹1.6t | ₹268.5b | ₹45.4b | 34.2x | 34.4x | 5.8x |
| Mon, 12 Feb 2024 | ₹1.5t | ₹267.2b | ₹44.8b | 32.4x | 34.4x | 5.8x |
| Wed, 10 Jan 2024 | ₹1.2t | ₹254.8b | ₹39.4b | 35x | 31.6x | 4.9x |
| Fri, 08 Dec 2023 | ₹1.2t | ₹254.7b | ₹39.5b | 33.2x | 29.7x | 4.6x |
| Sun, 05 Nov 2023 | ₹1.1t | ₹252.3b | ₹37.9b | 33x | 29.3x | 4.4x |
| Tue, 03 Oct 2023 | ₹1.1t | ₹245.3b | ₹36.9b | 33x | 29.7x | 4.5x |
| Thu, 31 Aug 2023 | ₹1.1t | ₹240.0b | ₹36.7b | 33.1x | 28.9x | 4.4x |
| Sat, 29 Jul 2023 | ₹1.0t | ₹235.0b | ₹35.5b | 32.2x | 28.5x | 4.3x |
| Mon, 26 Jun 2023 | ₹935.1b | ₹231.1b | ₹34.4b | 30.4x | 27.2x | 4x |
| Wed, 24 May 2023 | ₹831.6b | ₹225.4b | ₹33.1b | 28.8x | 25.1x | 3.7x |
| Fri, 21 Apr 2023 | ₹756.2b | ₹219.2b | ₹33.2b | 28.9x | 22.8x | 3.4x |
| Sun, 19 Mar 2023 | ₹735.1b | ₹218.4b | ₹33.2b | 24.9x | 22.1x | 3.4x |
| Tue, 14 Feb 2023 | ₹808.3b | ₹225.8b | ₹34.9b | 28x | 23.2x | 3.6x |
Price to Earnings Ratio
23.2x
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 34.1x.
- 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 13% 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 | 1.60% | |
| Tech | -4.70% | |
| Software | -3.74% | |
| Application Software | -3.76% | |
| Systems Software | -3.69% | |
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 | ₹623.55 | 11.3% +₹11.5b | 27.4% | PE29.8x | |
| 532341 IZMO | ₹839.80 | 40.2% +₹3.6b | 99.7% | PE39.9x | |
| 532408 Sigma Advanced Systems | ₹187.85 | 9.3% +₹2.8b | 134.8% | PE24x | |
| AURIONPRO Aurionpro Solutions | ₹927.05 | 2.7% +₹1.3b | -40.7% | PE25.1x | |
| EXCELSOFT Excelsoft Technologies | ₹74.27 | 6.5% +₹519.0m | n/a | PE18.4x |
