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Indian (NIFTY) Application Software Industry Analysis
UpdatedJan 31, 2026
DataAggregated Company Financials
Companies61
- 7D-0.3%
- 3M-14.1%
- 1Y-14.0%
- YTDn/a
Over the last 7 days, the Application Software industry has dropped 1.4%, driven by Oracle Financial Services Software declining 2.5%. The industry has fallen 13% in the last 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 |
|---|---|---|---|---|---|---|
| Sun, 01 Feb 2026 | ₹1.6t | ₹334.5b | ₹51.4b | 29.5x | 31.3x | 4.8x |
| Tue, 30 Dec 2025 | ₹1.6t | ₹315.8b | ₹50.5b | 33.6x | 32.2x | 5.1x |
| Thu, 27 Nov 2025 | ₹1.7t | ₹315.6b | ₹50.4b | 38x | 33.8x | 5.4x |
| Sat, 25 Oct 2025 | ₹1.7t | ₹298.6b | ₹45.2b | 34.5x | 36.8x | 5.6x |
| Mon, 22 Sep 2025 | ₹1.7t | ₹296.6b | ₹45.5b | 34.1x | 38.3x | 5.9x |
| Wed, 20 Aug 2025 | ₹1.7t | ₹295.0b | ₹45.5b | 35.7x | 36.6x | 5.6x |
| Fri, 18 Jul 2025 | ₹1.7t | ₹287.9b | ₹44.1b | 33x | 38.8x | 6x |
| Sun, 15 Jun 2025 | ₹1.8t | ₹297.5b | ₹46.1b | 32.8x | 38.1x | 5.9x |
| Tue, 13 May 2025 | ₹1.6t | ₹294.9b | ₹42.9b | 26.8x | 36.9x | 5.4x |
| Thu, 10 Apr 2025 | ₹1.4t | ₹289.0b | ₹40.5b | 25.3x | 34.2x | 4.8x |
| Sat, 08 Mar 2025 | ₹1.5t | ₹289.0b | ₹40.5b | 25.9x | 36.1x | 5.1x |
| Mon, 03 Feb 2025 | ₹1.7t | ₹287.2b | ₹41.7b | 30x | 40.7x | 5.9x |
| Wed, 01 Jan 2025 | ₹2.1t | ₹285.1b | ₹44.3b | 36.6x | 48.1x | 7.5x |
| Fri, 29 Nov 2024 | ₹2.0t | ₹285.6b | ₹47.1b | 29.7x | 41.6x | 6.9x |
| Sun, 27 Oct 2024 | ₹1.8t | ₹281.4b | ₹49.0b | 29.8x | 37.3x | 6.5x |
| Tue, 24 Sep 2024 | ₹2.0t | ₹277.1b | ₹47.3b | 33.4x | 41.7x | 7.1x |
| Thu, 22 Aug 2024 | ₹2.0t | ₹277.1b | ₹47.4b | 34.8x | 41.5x | 7.1x |
| Sat, 20 Jul 2024 | ₹1.9t | ₹268.6b | ₹46.7b | 34x | 41.3x | 7.2x |
| Mon, 17 Jun 2024 | ₹1.7t | ₹267.5b | ₹46.5b | 32.5x | 37.3x | 6.5x |
| Wed, 15 May 2024 | ₹1.5t | ₹275.3b | ₹45.1b | 32.5x | 33.9x | 5.6x |
| Fri, 12 Apr 2024 | ₹1.6t | ₹268.5b | ₹45.4b | 33.7x | 35.2x | 6x |
| Sun, 10 Mar 2024 | ₹1.6t | ₹268.5b | ₹45.4b | 33.7x | 35.2x | 6x |
| Tue, 06 Feb 2024 | ₹1.5t | ₹266.7b | ₹44.8b | 31.6x | 32.4x | 5.4x |
| Thu, 04 Jan 2024 | ₹1.2t | ₹255.4b | ₹39.5b | 35.7x | 31.2x | 4.8x |
| Sat, 02 Dec 2023 | ₹1.1t | ₹254.7b | ₹39.5b | 31.3x | 29.1x | 4.5x |
| Mon, 30 Oct 2023 | ₹1.1t | ₹252.2b | ₹37.9b | 32.3x | 28.9x | 4.3x |
| Wed, 27 Sep 2023 | ₹1.1t | ₹245.7b | ₹37.0b | 34.2x | 29.7x | 4.5x |
| Fri, 25 Aug 2023 | ₹1.1t | ₹240.0b | ₹36.7b | 32.4x | 28.8x | 4.4x |
| Sun, 23 Jul 2023 | ₹1.0t | ₹232.9b | ₹34.9b | 32.9x | 28.8x | 4.3x |
| Tue, 20 Jun 2023 | ₹942.0b | ₹230.8b | ₹34.4b | 30.9x | 27.4x | 4.1x |
| Thu, 18 May 2023 | ₹833.9b | ₹225.4b | ₹32.9b | 28.8x | 25.3x | 3.7x |
| Sat, 15 Apr 2023 | ₹754.7b | ₹218.4b | ₹33.2b | 25.5x | 22.7x | 3.5x |
| Mon, 13 Mar 2023 | ₹761.8b | ₹218.4b | ₹33.2b | 25.6x | 22.9x | 3.5x |
| Wed, 08 Feb 2023 | ₹795.2b | ₹224.5b | ₹33.0b | 27.7x | 24.1x | 3.5x |
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 3-year average PS ratio of 5.4x is higher than the industry's current PS ratio of 4.8x.
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 | 1.81% | |
| Tech | -0.16% | |
| Software | -0.93% | |
| Application Software | -0.28% | |
| Systems Software | -2.05% | |
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 | ₹560.05 | 4.5% +₹4.4b | 38.6% | PE33.8x | |
| TANLA Tanla Platforms | ₹511.25 | 6.3% +₹4.0b | -8.9% | PE13.8x | |
| INTELLECT Intellect Design Arena | ₹913.70 | 2.5% +₹3.2b | 10.8% | PE35.3x | |
| 526881 63 moons technologies | ₹647.15 | 9.9% +₹2.7b | -11.9% | PS35.4x | |
| ZAGGLE Zaggle Prepaid Ocean Services | ₹283.40 | 3.8% +₹1.4b | -38.9% | PE34x |
