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Indian (NIFTY) Application Software Industry Analysis
UpdatedFeb 08, 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 3.8%, driven by a pullback from Oracle Financial Services Software of 6.4%. In contrast, BlackBuck has gained 11%. Overall the industry is down 20% in 12 months. 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 |
|---|---|---|---|---|---|---|
| Sun, 08 Feb 2026 | ₹1.5t | ₹324.3b | ₹51.8b | 29.8x | 28.4x | 4.5x |
| Tue, 06 Jan 2026 | ₹1.6t | ₹315.8b | ₹50.5b | 33.1x | 32.3x | 5.2x |
| Thu, 04 Dec 2025 | ₹1.7t | ₹315.7b | ₹50.4b | 37.7x | 33.4x | 5.3x |
| Sat, 01 Nov 2025 | ₹1.7t | ₹299.5b | ₹45.3b | 34.6x | 37.4x | 5.7x |
| Mon, 29 Sep 2025 | ₹1.7t | ₹296.6b | ₹45.5b | 36.4x | 36.6x | 5.6x |
| Wed, 27 Aug 2025 | ₹1.7t | ₹296.9b | ₹45.5b | 36.3x | 36.6x | 5.6x |
| Fri, 25 Jul 2025 | ₹1.7t | ₹289.6b | ₹44.3b | 37.1x | 38.6x | 5.9x |
| Sun, 22 Jun 2025 | ₹1.7t | ₹297.5b | ₹46.1b | 33.7x | 36.9x | 5.7x |
| Tue, 20 May 2025 | ₹1.7t | ₹298.3b | ₹43.5b | 29.2x | 38.4x | 5.6x |
| Thu, 17 Apr 2025 | ₹1.5t | ₹289.0b | ₹40.5b | 26.5x | 36.5x | 5.1x |
| Sat, 15 Mar 2025 | ₹1.4t | ₹289.0b | ₹40.5b | 23.9x | 34.1x | 4.8x |
| Mon, 10 Feb 2025 | ₹1.8t | ₹289.3b | ₹41.2b | 28.7x | 42.7x | 6.1x |
| Wed, 08 Jan 2025 | ₹2.1t | ₹285.1b | ₹44.3b | 35.1x | 47.2x | 7.3x |
| Fri, 06 Dec 2024 | ₹2.1t | ₹285.6b | ₹47.0b | 34.8x | 43.8x | 7.2x |
| Sun, 03 Nov 2024 | ₹1.9t | ₹281.7b | ₹49.1b | 29.6x | 38.1x | 6.6x |
| Tue, 01 Oct 2024 | ₹2.0t | ₹277.7b | ₹47.3b | 32.8x | 41.7x | 7.1x |
| Thu, 29 Aug 2024 | ₹2.0t | ₹277.1b | ₹47.4b | 35.6x | 41.4x | 7.1x |
| Sat, 27 Jul 2024 | ₹1.9t | ₹274.6b | ₹48.0b | 33.9x | 40.6x | 7.1x |
| Mon, 24 Jun 2024 | ₹1.8t | ₹267.5b | ₹46.5b | 31.6x | 38.4x | 6.7x |
| Wed, 22 May 2024 | ₹1.5t | ₹269.3b | ₹45.8b | 30.5x | 33.3x | 5.7x |
| Fri, 19 Apr 2024 | ₹1.5t | ₹268.5b | ₹45.4b | 31.3x | 33.6x | 5.7x |
| Sun, 17 Mar 2024 | ₹1.6t | ₹268.5b | ₹45.4b | 34.2x | 34.4x | 5.8x |
| Tue, 13 Feb 2024 | ₹1.5t | ₹267.3b | ₹44.8b | 30.4x | 33.1x | 5.5x |
| Thu, 11 Jan 2024 | ₹1.3t | ₹254.8b | ₹39.4b | 34.3x | 31.9x | 4.9x |
| Sat, 09 Dec 2023 | ₹1.2t | ₹254.7b | ₹39.5b | 32.5x | 29.5x | 4.6x |
| Mon, 06 Nov 2023 | ₹1.1t | ₹252.3b | ₹37.9b | 33x | 29.3x | 4.4x |
| Wed, 04 Oct 2023 | ₹1.1t | ₹245.3b | ₹36.9b | 32.8x | 29.7x | 4.5x |
| Fri, 01 Sep 2023 | ₹1.1t | ₹240.0b | ₹36.7b | 34.4x | 29.3x | 4.5x |
| Sun, 30 Jul 2023 | ₹1.0t | ₹237.4b | ₹35.8b | 32.2x | 28.2x | 4.3x |
| Tue, 27 Jun 2023 | ₹942.9b | ₹231.1b | ₹34.4b | 30.6x | 27.4x | 4.1x |
| Thu, 25 May 2023 | ₹834.8b | ₹225.4b | ₹33.1b | 28.9x | 25.2x | 3.7x |
| Sat, 22 Apr 2023 | ₹754.2b | ₹219.2b | ₹33.2b | 28.1x | 22.7x | 3.4x |
| Mon, 20 Mar 2023 | ₹735.1b | ₹218.4b | ₹33.2b | 24.9x | 22.1x | 3.4x |
| Wed, 15 Feb 2023 | ₹755.6b | ₹218.8b | ₹33.0b | 27.1x | 22.9x | 3.5x |
Price to Earnings Ratio
22.9x
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 28.4x 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 4.5x.
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 | 1.60% | |
| Tech | -4.70% | |
| Software | -3.74% | |
| Application Software | -3.77% | |
| 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 | PE18.1x |
