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Indian (NIFTY) Application Software Industry Analysis

UpdatedMay 06, 2026
DataAggregated Company Financials
Companies63
  • 7D0.3%
  • 3M10.5%
  • 1Y6.8%
  • YTDn/a

The Application Software is pretty flat in the last 7 days, but Fractal Analytics has stood out, gaining 11%. As for the the longer term, the industry is up 6.8% over the past 12 months. As for the next few years, earnings are expected to grow by 20% per annum.

Industry Valuation and Performance

Has the Indian Application Software Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 07 May 2026₹1.8t₹366.2b₹57.9b25.2x31.9x5x
Sat, 04 Apr 2026₹1.5t₹359.8b₹55.5b23.2x26.4x4.1x
Mon, 02 Mar 2026₹1.5t₹358.5b₹55.4b25.4x27.1x4.2x
Wed, 28 Jan 2026₹1.6t₹334.5b₹51.4b29.6x31x4.8x
Fri, 26 Dec 2025₹1.6t₹315.8b₹50.5b32.9x32.5x5.2x
Sun, 23 Nov 2025₹1.7t₹313.2b₹50.0b38.6x33.4x5.3x
Tue, 21 Oct 2025₹1.7t₹298.5b₹45.2b34.6x37.4x5.7x
Thu, 18 Sep 2025₹1.7t₹296.7b₹45.5b34.9x38.2x5.9x
Sat, 16 Aug 2025₹1.6t₹295.3b₹46.8b36.6x35.1x5.6x
Mon, 14 Jul 2025₹1.7t₹287.9b₹44.1b33x38.3x5.9x
Wed, 11 Jun 2025₹1.8t₹298.1b₹46.2b31.9x38.1x5.9x
Fri, 09 May 2025₹1.5t₹290.8b₹42.4b24.7x35.2x5.1x
Sun, 06 Apr 2025₹1.4t₹289.0b₹40.5b25.8x35.4x5x
Tue, 04 Mar 2025₹1.4t₹289.0b₹40.5b25x35.7x5x
Thu, 30 Jan 2025₹1.7t₹287.1b₹41.7b31.6x41.5x6x
Sat, 28 Dec 2024₹2.1t₹285.1b₹44.3b36.7x48.4x7.5x
Mon, 25 Nov 2024₹1.9t₹286.1b₹47.3b24.1x40.4x6.7x
Wed, 23 Oct 2024₹1.9t₹278.8b₹47.4b30.5x39.3x6.7x
Fri, 20 Sep 2024₹1.9t₹277.1b₹47.3b32x40.9x7x
Sun, 18 Aug 2024₹1.9t₹277.2b₹47.4b33.3x40.5x6.9x
Tue, 16 Jul 2024₹2.0t₹267.8b₹46.6b33.4x42.1x7.3x
Thu, 13 Jun 2024₹1.6t₹267.6b₹46.5b29.7x34.7x6x
Sat, 11 May 2024₹1.5t₹274.1b₹46.1b31.8x32.1x5.4x
Mon, 08 Apr 2024₹1.6t₹268.5b₹45.4b35.6x36.2x6.1x
Wed, 06 Mar 2024₹1.6t₹268.5b₹45.4b32.5x34.5x5.8x
Fri, 02 Feb 2024₹1.4t₹265.3b₹44.3b30.4x32.2x5.4x
Sun, 31 Dec 2023₹1.2t₹255.4b₹39.5b32.4x30.7x4.7x
Tue, 28 Nov 2023₹1.1t₹254.7b₹39.5b31.1x28.9x4.5x
Thu, 26 Oct 2023₹1.1t₹247.8b₹37.2b31x28.9x4.3x
Sat, 23 Sep 2023₹1.1t₹240.1b₹36.7b33.3x29.3x4.5x
Mon, 21 Aug 2023₹1.1t₹240.0b₹36.7b31.7x28.7x4.4x
Wed, 19 Jul 2023₹986.5b₹230.1b₹34.5b28.4x28.6x4.3x
Fri, 16 Jun 2023₹938.1b₹227.0b₹33.9b30.6x27.7x4.1x
Sun, 14 May 2023₹813.4b₹225.0b₹33.2b28.9x24.5x3.6x
Price to Earnings Ratio

24.5x


Total Market Cap: ₹813.4bTotal Earnings: ₹33.2bTotal Revenue: ₹225.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Application Software Industry Price to Earnings3Y Average 34.6x202420252026
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 34.5x.
  • The industry is trading close to its 3-year average PS ratio of 5.5x.
Past Earnings Growth
  • The earnings for companies in the Application Software industry have grown 20% 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-0.061%
Tech0.15%
Software0.82%
Application Software0.34%
Systems Software2.07%
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?

CompanyLast Price7D1YValuation
FRACTAL Fractal Analytics₹1.04k10.5%
+₹16.9b
n/aPE77.7x
RATEGAIN RateGain Travel Technologies₹637.859.8%
+₹6.7b
45.2%PE42x
INTELLECT Intellect Design Arena₹784.406.0%
+₹6.2b
-3.6%PE30.4x
532408 Sigma Advanced Systems₹292.306.7%
+₹3.2b
367.4%PE38.9x
TANLA Tanla Platforms₹562.054.1%
+₹2.9b
17.8%PE14.6x

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