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Indian (NIFTY) Application Software Industry Analysis
UpdatedFeb 16, 2026
DataAggregated Company Financials
Companies61
- 7D-5.1%
- 3M-19.8%
- 1Y-16.6%
- YTDn/a
Over the last 7 days, the Application Software industry has dropped 5.1%, driven by a pullback from Oracle Financial Services Software of 8.5%. In contrast, 63 moons technologies has gained 8.2%. However, the industry is down 17% over the past 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 |
|---|---|---|---|---|---|---|
| Mon, 16 Feb 2026 | ₹1.5t | ₹356.6b | ₹54.5b | 30.1x | 28.2x | 4.3x |
| Wed, 14 Jan 2026 | ₹1.6t | ₹315.8b | ₹50.5b | 32.5x | 31.3x | 5x |
| Fri, 12 Dec 2025 | ₹1.7t | ₹317.0b | ₹50.5b | 34.6x | 32.9x | 5.2x |
| Sun, 09 Nov 2025 | ₹1.6t | ₹302.9b | ₹48.1b | 38.4x | 34.3x | 5.4x |
| Tue, 07 Oct 2025 | ₹1.7t | ₹296.6b | ₹45.5b | 35.2x | 37.7x | 5.8x |
| Thu, 04 Sep 2025 | ₹1.7t | ₹296.9b | ₹45.5b | 35.4x | 36.3x | 5.6x |
| Sat, 02 Aug 2025 | ₹1.6t | ₹291.0b | ₹44.3b | 37.7x | 36.2x | 5.5x |
| Mon, 30 Jun 2025 | ₹1.7t | ₹297.6b | ₹46.0b | 32.9x | 36.9x | 5.7x |
| Wed, 28 May 2025 | ₹1.6t | ₹296.7b | ₹42.7b | 28.7x | 38.3x | 5.5x |
| Fri, 25 Apr 2025 | ₹1.6t | ₹289.0b | ₹40.5b | 28.8x | 39x | 5.5x |
| Sun, 23 Mar 2025 | ₹1.5t | ₹289.0b | ₹40.5b | 24.4x | 35.9x | 5x |
| Tue, 18 Feb 2025 | ₹1.6t | ₹289.4b | ₹40.8b | 27.2x | 38.6x | 5.4x |
| Thu, 16 Jan 2025 | ₹1.9t | ₹285.1b | ₹44.3b | 33.8x | 42.7x | 6.6x |
| Sat, 14 Dec 2024 | ₹2.1t | ₹285.6b | ₹47.0b | 33.9x | 44.4x | 7.3x |
| Mon, 11 Nov 2024 | ₹1.9t | ₹282.0b | ₹49.2b | 30x | 39.3x | 6.9x |
| Wed, 09 Oct 2024 | ₹1.9t | ₹277.7b | ₹47.3b | 31.4x | 40.5x | 6.9x |
| Fri, 06 Sep 2024 | ₹2.0t | ₹277.2b | ₹47.4b | 34.4x | 41.6x | 7.1x |
| Sun, 04 Aug 2024 | ₹1.9t | ₹275.6b | ₹47.4b | 33.7x | 39.7x | 6.8x |
| Tue, 02 Jul 2024 | ₹1.9t | ₹267.5b | ₹46.5b | 35.4x | 39.8x | 6.9x |
| Thu, 30 May 2024 | ₹1.5t | ₹271.1b | ₹46.3b | 29.1x | 32.3x | 5.5x |
| Sat, 27 Apr 2024 | ₹1.5t | ₹272.4b | ₹46.4b | 30.6x | 33.2x | 5.7x |
| Mon, 25 Mar 2024 | ₹1.6t | ₹268.5b | ₹45.4b | 33.9x | 34.5x | 5.8x |
| Wed, 21 Feb 2024 | ₹1.6t | ₹268.5b | ₹45.4b | 32.6x | 34.2x | 5.8x |
| Fri, 19 Jan 2024 | ₹1.4t | ₹260.0b | ₹42.7b | 31.9x | 33.9x | 5.6x |
| Sun, 17 Dec 2023 | ₹1.2t | ₹254.7b | ₹39.5b | 33.7x | 31.1x | 4.8x |
| Tue, 14 Nov 2023 | ₹1.1t | ₹254.6b | ₹39.4b | 36.8x | 28.5x | 4.4x |
| Thu, 12 Oct 2023 | ₹1.1t | ₹245.4b | ₹37.0b | 33.6x | 30.5x | 4.6x |
| Sat, 09 Sep 2023 | ₹1.1t | ₹240.0b | ₹36.7b | 34.5x | 30.2x | 4.6x |
| Mon, 07 Aug 2023 | ₹1.0t | ₹238.3b | ₹36.2b | 32.3x | 28x | 4.3x |
| Wed, 05 Jul 2023 | ₹949.9b | ₹230.1b | ₹34.4b | 30.7x | 27.6x | 4.1x |
| Fri, 02 Jun 2023 | ₹864.1b | ₹227.9b | ₹33.8b | 27.6x | 25.5x | 3.8x |
| Sun, 30 Apr 2023 | ₹797.0b | ₹221.7b | ₹33.1b | 29.3x | 24.1x | 3.6x |
| Tue, 28 Mar 2023 | ₹717.0b | ₹218.4b | ₹33.2b | 24.9x | 21.6x | 3.3x |
| Thu, 23 Feb 2023 | ₹764.8b | ₹218.4b | ₹33.2b | 26.1x | 23x | 3.5x |
Price to Earnings Ratio
23x
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 28.3x which is lower than its 3-year average PE of 34.2x.
- The 3-year average PS ratio of 5.4x is higher than the industry's current PS ratio of 4.3x.
Past Earnings Growth
- The earnings for companies in the Application Software industry have grown 18% per year over the last three years.
- Revenues for these companies have grown 18% 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 | -0.39% | |
| Tech | -6.87% | |
| Software | -6.17% | |
| Application Software | -5.10% | |
| Systems Software | -7.97% | |
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 | |
|---|---|---|---|---|---|
| 526881 63 moons technologies | ₹686.50 | 8.2% +₹2.4b | 6.6% | PS31.8x | |
| BLACKBUCK BlackBuck | ₹634.90 | 1.8% +₹2.1b | 36.5% | PE30.3x | |
| EXCELSOFT Excelsoft Technologies | ₹87.29 | 17.5% +₹1.5b | n/a | PE21.3x | |
| INNOVANA Innovana Thinklabs | ₹418.20 | 15.9% +₹1.2b | 8.7% | PE17.6x | |
| INFOBEAN InfoBeans Technologies | ₹866.05 | 4.9% +₹980.5m | 155.4% | PE27.7x |
