Header cover image

Indian (NIFTY) Application Software Industry Analysis

UpdatedJun 18, 2025
DataAggregated Company Financials
Companies59
  • 7D0.8%
  • 3M22.8%
  • 1Y-5.3%
  • YTDn/a

In the last week, the Application Software industry is up 2.5%, with Oracle Financial Services Software up 2.4%. Meanwhile, C. E. Info Systems actually underperformed within the industry, shrinking 9.0% in the last week. However, the industry is down 4.5% over the past year. Earnings are forecast to grow by 18% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 18 Jun 2025₹1.8t₹297.5b₹46.1b33.5x38.5x6x
Fri, 16 May 2025₹1.6t₹297.6b₹43.2b28.9x37.8x5.5x
Sun, 13 Apr 2025₹1.4t₹289.0b₹40.5b26.1x35.4x5x
Tue, 11 Mar 2025₹1.4t₹289.0b₹40.5b25.9x35.2x4.9x
Thu, 06 Feb 2025₹1.7t₹287.5b₹41.6b30x42x6.1x
Sat, 04 Jan 2025₹2.1t₹285.1b₹44.3b36.1x48.2x7.5x
Mon, 02 Dec 2024₹2.0t₹285.6b₹47.0b30.3x41.7x6.9x
Wed, 30 Oct 2024₹1.8t₹281.7b₹49.1b29.2x37.6x6.6x
Fri, 27 Sep 2024₹2.0t₹277.7b₹47.3b31.8x41.6x7.1x
Sun, 25 Aug 2024₹1.9t₹277.1b₹47.4b35.1x41.1x7x
Tue, 23 Jul 2024₹1.9t₹271.1b₹46.7b32.8x40.9x7x
Thu, 20 Jun 2024₹1.8t₹267.5b₹46.5b31.6x38.1x6.6x
Sat, 18 May 2024₹1.5t₹276.1b₹45.2b32.8x33.9x5.6x
Mon, 15 Apr 2024₹1.6t₹268.5b₹45.4b33.2x34.7x5.9x
Wed, 13 Mar 2024₹1.6t₹268.5b₹45.4b33.5x34.5x5.8x
Fri, 09 Feb 2024₹1.5t₹267.3b₹44.9b32.6x34.2x5.7x
Sun, 07 Jan 2024₹1.2t₹254.8b₹39.4b34x31.7x4.9x
Tue, 05 Dec 2023₹1.2t₹254.7b₹39.5b33.9x29.4x4.6x
Thu, 02 Nov 2023₹1.1t₹252.2b₹37.9b32.4x28.8x4.3x
Sat, 30 Sep 2023₹1.1t₹245.4b₹37.0b34.7x29.7x4.5x
Mon, 28 Aug 2023₹1.1t₹240.0b₹36.7b32.4x28.8x4.4x
Wed, 26 Jul 2023₹1.0t₹232.9b₹34.9b32.2x28.6x4.3x
Fri, 23 Jun 2023₹960.4b₹231.1b₹34.4b30.5x27.9x4.2x
Sun, 21 May 2023₹834.4b₹225.7b₹33.1b28.3x25.2x3.7x
Tue, 18 Apr 2023₹755.1b₹218.4b₹33.2b27.7x22.7x3.5x
Thu, 16 Mar 2023₹732.5b₹218.4b₹33.2b25.4x22.1x3.4x
Sat, 11 Feb 2023₹816.7b₹225.4b₹34.5b28.1x23.7x3.6x
Mon, 09 Jan 2023₹780.2b₹213.5b₹32.5b31.9x24x3.7x
Wed, 07 Dec 2022₹763.6b₹205.2b₹32.1b34.5x23.8x3.7x
Fri, 04 Nov 2022₹739.9b₹203.8b₹32.2b42x23x3.6x
Sun, 02 Oct 2022₹764.6b₹197.2b₹33.1b42.2x23.1x3.9x
Tue, 30 Aug 2022₹789.5b₹196.9b₹33.1b43.9x23.8x4x
Thu, 28 Jul 2022₹804.5b₹232.4b₹37.4b32.9x21.5x3.5x
Sat, 25 Jun 2022₹873.8b₹232.6b₹38.3b33.2x22.8x3.8x
Price to Earnings Ratio

22.8x


Total Market Cap: ₹873.8bTotal Earnings: ₹38.3bTotal Revenue: ₹232.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Application Software Industry Price to Earnings3Y Average 31.6x202320242025
Current Industry PE
  • Investors are optimistic on the Indian Application Software industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 38.4x which is higher than its 3-year average PE of 31.6x.
  • The 3-year average PS ratio of 5.0x is lower than the industry's current PS ratio of 5.9x.
Past Earnings Growth
  • The earnings for companies in the Application Software industry have grown 6.3% per year over the last three years.
  • Revenues for these companies have grown 8.5% 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-1.70%
Tech1.61%
Software-0.16%
Application Software0.80%
Systems Software-1.60%
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
532466 Oracle Financial Services Software₹9.73k2.4%
+₹19.9b
0.9%PE35.5x
INTELLECT Intellect Design Arena₹1.23k4.5%
+₹7.3b
16.6%PE51.3x
TANLA Tanla Platforms₹676.507.5%
+₹6.4b
-29.2%PE18x
526881 63 moons technologies₹916.256.1%
+₹2.4b
145.7%PS90.2x
ROUTE Route Mobile₹1.06k2.8%
+₹1.8b
-32.2%PE20.9x
Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.

Latest News

532466

₹9,725.75

Oracle Financial Services Software

7D

2.4%

1Y

0.9%

INNOVANA

₹420.30

Innovana Thinklabs

7D

6.8%

1Y

-20.8%

ZAGGLE

₹427.80

Zaggle Prepaid Ocean Services

7D

-6.8%

1Y

37.9%

541402

₹454.40

Affordable Robotic & Automation

7D

3.9%

1Y

-25.1%

RATEGAIN

₹429.30

RateGain Travel Technologies

7D

-4.5%

1Y

-44.8%

532341

₹335.00

IZMO

7D

5.6%

1Y

0.9%

BLACKBUCK

₹439.90

Zinka Logistics Solutions

7D

-3.3%

1Y

n/a

526881

₹916.25

63 moons technologies

7D

6.1%

1Y

145.7%

531209

₹1,193.40

Nucleus Software Exports

7D

-4.9%

1Y

-9.6%

INTELLECT

₹1,227.90

Intellect Design Arena

7D

4.5%

1Y

16.6%

MAPMYINDIA

₹1,745.20

C. E. Info Systems

7D

-9.0%

1Y

-12.1%

ROUTE

₹1,056.70

Route Mobile

7D

2.8%

1Y

-32.2%

532348

₹14.26

Subex

7D

-8.7%

1Y

-53.2%

SASKEN

₹1,434.40

Sasken Technologies

7D

-2.8%

1Y

-7.9%

UNIECOM

₹126.07

Unicommerce eSolutions

7D

-8.8%

1Y

n/a