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Indian (NIFTY) Application Software Industry Analysis

UpdatedAug 21, 2025
DataAggregated Company Financials
Companies60
  • 7D2.6%
  • 3M3.6%
  • 1Y-20.1%
  • YTDn/a

The Application Software industry is up 2.6% in the last week, with Zinka Logistics Solutions up 14%. During this same period, the Aurionpro Solutions underperformed, falling 7.8%. However, the industry is down 20% over the past year. 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, 21 Aug 2025₹1.7t₹296.4b₹45.5b36.6x37.2x5.7x
Sat, 19 Jul 2025₹1.7t₹287.4b₹43.9b33x38.9x5.9x
Mon, 16 Jun 2025₹1.8t₹297.5b₹46.1b32.8x38.1x5.9x
Wed, 14 May 2025₹1.6t₹294.9b₹42.9b27.7x37.1x5.4x
Fri, 11 Apr 2025₹1.4t₹289.0b₹40.5b25.3x34.2x4.8x
Sun, 09 Mar 2025₹1.5t₹289.0b₹40.5b25.9x36.1x5.1x
Tue, 04 Feb 2025₹1.7t₹287.2b₹41.7b29.9x40.9x5.9x
Thu, 02 Jan 2025₹2.1t₹285.1b₹44.3b36.9x48.4x7.5x
Sat, 30 Nov 2024₹2.0t₹285.6b₹47.0b30.3x41.7x6.9x
Mon, 28 Oct 2024₹1.8t₹281.4b₹49.0b29.8x37.3x6.5x
Wed, 25 Sep 2024₹2.0t₹277.7b₹47.3b31.9x42.3x7.2x
Fri, 23 Aug 2024₹2.0t₹277.1b₹47.4b34.7x41.3x7.1x
Sun, 21 Jul 2024₹1.9t₹269.6b₹46.8b34x40.9x7.1x
Tue, 18 Jun 2024₹1.7t₹267.5b₹46.5b32.5x37.3x6.5x
Thu, 16 May 2024₹1.5t₹274.9b₹45.1b32.8x33.9x5.6x
Sat, 13 Apr 2024₹1.6t₹268.5b₹45.4b33.2x34.7x5.9x
Mon, 11 Mar 2024₹1.6t₹268.5b₹45.4b33.7x35.2x6x
Wed, 07 Feb 2024₹1.5t₹267.3b₹44.9b31.6x33.5x5.6x
Fri, 05 Jan 2024₹1.2t₹255.4b₹39.5b35.3x31.2x4.8x
Sun, 03 Dec 2023₹1.1t₹254.7b₹39.5b31.3x29.1x4.5x
Tue, 31 Oct 2023₹1.1t₹252.3b₹37.9b32.6x28.9x4.3x
Thu, 28 Sep 2023₹1.1t₹245.4b₹37.0b34.2x29.7x4.5x
Sat, 26 Aug 2023₹1.1t₹240.0b₹36.7b32.4x28.8x4.4x
Mon, 24 Jul 2023₹1.0t₹232.9b₹34.9b32.9x28.7x4.3x
Wed, 21 Jun 2023₹957.8b₹230.8b₹34.4b31.2x27.8x4.2x
Fri, 19 May 2023₹826.6b₹225.2b₹32.9b28.6x25.1x3.7x
Sun, 16 Apr 2023₹754.7b₹218.4b₹33.2b25.5x22.7x3.5x
Tue, 14 Mar 2023₹746.6b₹218.4b₹33.2b25x22.5x3.4x
Thu, 09 Feb 2023₹795.2b₹224.8b₹34.3b28.1x23.1x3.5x
Sat, 07 Jan 2023₹780.2b₹213.5b₹32.5b31.9x24x3.7x
Mon, 05 Dec 2022₹773.3b₹205.2b₹32.1b35.7x24.1x3.8x
Wed, 02 Nov 2022₹728.5b₹203.8b₹32.2b40.8x22.6x3.6x
Fri, 30 Sep 2022₹753.3b₹197.2b₹33.1b41.2x22.7x3.8x
Sun, 28 Aug 2022₹800.4b₹196.9b₹33.1b43.9x24.2x4.1x
Price to Earnings Ratio

24.2x


Total Market Cap: ₹800.4bTotal Earnings: ₹33.1bTotal Revenue: ₹196.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Application Software Industry Price to Earnings3Y Average 32.4x202320242025
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 37.2x which is higher than its 3-year average PE of 32.4x.
  • The 3-year average PS ratio of 5.1x is lower than the industry's current PS ratio of 5.7x.
Past Earnings Growth
  • The earnings for companies in the Application Software industry have grown 11% per year over the last three years.
  • Revenues for these companies have grown 15% 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 Market2.22%
Tech2.67%
Software2.12%
Application Software2.57%
Systems Software1.36%
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
BLACKBUCK Zinka Logistics Solutions₹618.5513.7%
+₹13.4b
n/aPS23.2x
532466 Oracle Financial Services Software₹8.69k1.3%
+₹9.5b
-21.7%PE31.4x
INTELLECT Intellect Design Arena₹960.703.5%
+₹4.5b
-2.2%PE37.9x
ZAGGLE Zaggle Prepaid Ocean Services₹394.407.4%
+₹3.7b
7.2%PE54.4x
TANLA Tanla Platforms₹629.003.3%
+₹2.7b
-31.3%PE17.5x

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