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Indian (NIFTY) Application Software Industry Analysis
UpdatedJan 23, 2026
DataAggregated Company Financials
Companies61
- 7D-1.2%
- 3M-11.5%
- 1Y-19.8%
- YTDn/a
Over the last 7 days, the Application Software industry has dropped 1.2%, driven by BlackBuck declining 14%. The industry has fallen 20% in the last 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 |
|---|---|---|---|---|---|---|
| Fri, 23 Jan 2026 | ₹1.6t | ₹332.3b | ₹51.3b | 31.6x | 31.4x | 4.8x |
| Sun, 21 Dec 2025 | ₹1.6t | ₹315.8b | ₹50.5b | 34.7x | 32.4x | 5.2x |
| Tue, 18 Nov 2025 | ₹1.7t | ₹305.4b | ₹49.6b | 39.1x | 33.5x | 5.4x |
| Thu, 16 Oct 2025 | ₹1.7t | ₹296.7b | ₹45.6b | 35.7x | 37.3x | 5.7x |
| Sat, 13 Sep 2025 | ₹1.7t | ₹296.7b | ₹45.5b | 34.8x | 37.8x | 5.8x |
| Mon, 11 Aug 2025 | ₹1.6t | ₹293.5b | ₹45.9b | 33x | 35.2x | 5.5x |
| Wed, 09 Jul 2025 | ₹1.7t | ₹287.9b | ₹44.1b | 32.9x | 39x | 6x |
| Fri, 06 Jun 2025 | ₹1.7t | ₹298.9b | ₹46.2b | 28.4x | 36.4x | 5.6x |
| Sun, 04 May 2025 | ₹1.5t | ₹290.8b | ₹41.0b | 27.9x | 37.7x | 5.3x |
| Tue, 01 Apr 2025 | ₹1.5t | ₹289.0b | ₹40.5b | 27.2x | 36.3x | 5.1x |
| Thu, 27 Feb 2025 | ₹1.5t | ₹289.0b | ₹40.4b | 26.6x | 37.6x | 5.3x |
| Sat, 25 Jan 2025 | ₹1.8t | ₹284.0b | ₹42.1b | 32.4x | 42.6x | 6.3x |
| Mon, 23 Dec 2024 | ₹2.1t | ₹285.1b | ₹44.3b | 35.9x | 46.9x | 7.3x |
| Wed, 20 Nov 2024 | ₹1.8t | ₹283.2b | ₹48.8b | 26.1x | 37.6x | 6.5x |
| Fri, 18 Oct 2024 | ₹2.0t | ₹277.7b | ₹47.3b | 32.6x | 41.6x | 7.1x |
| Sun, 15 Sep 2024 | ₹2.1t | ₹277.1b | ₹47.3b | 33.6x | 43.9x | 7.5x |
| Tue, 13 Aug 2024 | ₹1.9t | ₹277.0b | ₹47.8b | 34.1x | 39.5x | 6.8x |
| Thu, 11 Jul 2024 | ₹1.9t | ₹267.7b | ₹46.6b | 33.5x | 40.3x | 7x |
| Sat, 08 Jun 2024 | ₹1.6t | ₹267.3b | ₹46.4b | 27.5x | 34.1x | 5.9x |
| Mon, 06 May 2024 | ₹1.6t | ₹272.1b | ₹46.4b | 34.6x | 33.5x | 5.7x |
| Wed, 03 Apr 2024 | ₹1.6t | ₹268.5b | ₹45.4b | 34.4x | 36.1x | 6.1x |
| Fri, 01 Mar 2024 | ₹1.6t | ₹268.5b | ₹45.4b | 32.6x | 34.5x | 5.8x |
| Sun, 28 Jan 2024 | ₹1.5t | ₹265.4b | ₹44.0b | 31.1x | 33x | 5.5x |
| Tue, 26 Dec 2023 | ₹1.2t | ₹254.7b | ₹39.4b | 34.9x | 30.7x | 4.8x |
| Thu, 23 Nov 2023 | ₹1.2t | ₹254.7b | ₹39.5b | 32.3x | 29.2x | 4.5x |
| Sat, 21 Oct 2023 | ₹1.1t | ₹248.4b | ₹37.5b | 34.2x | 29.6x | 4.5x |
| Mon, 18 Sep 2023 | ₹1.1t | ₹240.1b | ₹36.7b | 33.3x | 29.9x | 4.6x |
| Wed, 16 Aug 2023 | ₹1.0t | ₹239.9b | ₹36.7b | 30.8x | 28.3x | 4.3x |
| Fri, 14 Jul 2023 | ₹967.9b | ₹230.1b | ₹34.4b | 30.9x | 28.1x | 4.2x |
| Sun, 11 Jun 2023 | ₹873.4b | ₹227.3b | ₹33.8b | 25.7x | 25.8x | 3.8x |
| Tue, 09 May 2023 | ₹819.0b | ₹223.3b | ₹33.4b | 29x | 24.5x | 3.7x |
| Thu, 06 Apr 2023 | ₹743.1b | ₹218.4b | ₹33.2b | 26.2x | 22.4x | 3.4x |
| Sat, 04 Mar 2023 | ₹759.7b | ₹218.4b | ₹33.2b | 26.2x | 22.9x | 3.5x |
| Mon, 30 Jan 2023 | ₹793.2b | ₹223.1b | ₹32.9b | 29x | 24.1x | 3.6x |
Price to Earnings Ratio
24.1x
Current Industry PE
- Investors are relatively neutral on the Indian Application Software industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 34.1x.
- 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 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 | -2.17% | |
| Tech | -0.40% | |
| Software | -2.63% | |
| Application Software | -1.23% | |
| Systems Software | -4.82% | |
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 |
