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Indian (NIFTY) Application Software Industry Analysis
UpdatedFeb 14, 2026
DataAggregated Company Financials
Companies61
- 7D-5.1%
- 3M-19.5%
- 1Y-16.6%
- YTDn/a
Over the last 7 days, the Application Software industry has dropped 3.8%, driven by a pullback from Oracle Financial Services Software of 9.1%. However, the industry is down 16% over the past year. As for the next few years, earnings are expected to grow by 16% 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 |
|---|---|---|---|---|---|---|
| Sat, 14 Feb 2026 | ₹1.5t | ₹354.4b | ₹54.1b | 30.4x | 28.4x | 4.3x |
| Mon, 12 Jan 2026 | ₹1.6t | ₹315.8b | ₹50.5b | 33.7x | 31.2x | 5x |
| Wed, 10 Dec 2025 | ₹1.7t | ₹317.0b | ₹50.5b | 33.5x | 32.8x | 5.2x |
| Fri, 07 Nov 2025 | ₹1.7t | ₹303.0b | ₹48.2b | 39.2x | 34.4x | 5.5x |
| Sun, 05 Oct 2025 | ₹1.7t | ₹296.6b | ₹45.5b | 33.6x | 37.6x | 5.8x |
| Tue, 02 Sep 2025 | ₹1.7t | ₹296.9b | ₹45.5b | 35.6x | 36.4x | 5.6x |
| Thu, 31 Jul 2025 | ₹1.7t | ₹290.7b | ₹44.2b | 38.3x | 37.4x | 5.7x |
| Sat, 28 Jun 2025 | ₹1.7t | ₹297.6b | ₹46.0b | 32.9x | 36.9x | 5.7x |
| Mon, 26 May 2025 | ₹1.6t | ₹298.6b | ₹42.7b | 29x | 38.3x | 5.5x |
| Wed, 23 Apr 2025 | ₹1.5t | ₹289.0b | ₹40.5b | 27.7x | 37.7x | 5.3x |
| Fri, 21 Mar 2025 | ₹1.4t | ₹289.0b | ₹40.5b | 24.5x | 35.7x | 5x |
| Sun, 16 Feb 2025 | ₹1.6t | ₹289.5b | ₹40.3b | 29.9x | 40x | 5.6x |
| Tue, 14 Jan 2025 | ₹1.9t | ₹285.1b | ₹44.3b | 31.7x | 43x | 6.7x |
| Thu, 12 Dec 2024 | ₹2.1t | ₹285.6b | ₹47.0b | 34.9x | 44.4x | 7.3x |
| Sat, 09 Nov 2024 | ₹1.9t | ₹281.8b | ₹49.1b | 30x | 39.4x | 6.9x |
| Mon, 07 Oct 2024 | ₹1.9t | ₹277.7b | ₹47.3b | 31.3x | 40.3x | 6.9x |
| Wed, 04 Sep 2024 | ₹2.0t | ₹277.2b | ₹47.4b | 33x | 41.8x | 7.2x |
| Fri, 02 Aug 2024 | ₹1.9t | ₹275.7b | ₹47.6b | 33.9x | 40.5x | 7x |
| Sun, 30 Jun 2024 | ₹1.8t | ₹267.5b | ₹46.5b | 34.2x | 38.9x | 6.8x |
| Tue, 28 May 2024 | ₹1.5t | ₹271.1b | ₹46.3b | 27.3x | 32.6x | 5.6x |
| Thu, 25 Apr 2024 | ₹1.5t | ₹268.6b | ₹45.5b | 30x | 33.7x | 5.7x |
| Sat, 23 Mar 2024 | ₹1.6t | ₹268.5b | ₹45.4b | 33.9x | 34.5x | 5.8x |
| Mon, 19 Feb 2024 | ₹1.6t | ₹268.5b | ₹45.4b | 32.6x | 34.6x | 5.9x |
| Wed, 17 Jan 2024 | ₹1.3t | ₹254.7b | ₹39.7b | 32.3x | 33.3x | 5.2x |
| Fri, 15 Dec 2023 | ₹1.2t | ₹254.7b | ₹39.5b | 32.8x | 30.3x | 4.7x |
| Sun, 12 Nov 2023 | ₹1.1t | ₹254.7b | ₹39.4b | 35.2x | 28.3x | 4.4x |
| Tue, 10 Oct 2023 | ₹1.1t | ₹245.3b | ₹36.9b | 32.8x | 30x | 4.5x |
| Thu, 07 Sep 2023 | ₹1.1t | ₹240.0b | ₹36.7b | 34.2x | 30x | 4.6x |
| Sat, 05 Aug 2023 | ₹1.0t | ₹237.3b | ₹35.7b | 32.3x | 28.4x | 4.3x |
| Mon, 03 Jul 2023 | ₹952.7b | ₹231.1b | ₹34.4b | 30.9x | 27.7x | 4.1x |
| Wed, 31 May 2023 | ₹847.7b | ₹227.9b | ₹33.3b | 26.8x | 25.5x | 3.7x |
| Fri, 28 Apr 2023 | ₹787.3b | ₹223.1b | ₹33.1b | 29.1x | 23.8x | 3.5x |
| Sun, 26 Mar 2023 | ₹723.4b | ₹218.4b | ₹33.2b | 24.9x | 21.8x | 3.3x |
| Tue, 21 Feb 2023 | ₹777.9b | ₹218.4b | ₹33.2b | 26.2x | 23.4x | 3.6x |
Price to Earnings Ratio
23.4x
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 27.6x 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 4.4x.
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 | -0.39% | |
| Tech | -6.87% | |
| Software | -6.16% | |
| Application Software | -5.09% | |
| 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 |
