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Indian (NIFTY) Application Software Industry Analysis
UpdatedFeb 12, 2026
DataAggregated Company Financials
Companies60
- 7D-2.0%
- 3M-15.4%
- 1Y-13.6%
- YTDn/a
Over the last 7 days, the Application Software industry has dropped 3.0%, driven by a pullback from Oracle Financial Services Software of 3.9%. However, the industry is down 14% over the past year. 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 |
|---|---|---|---|---|---|---|
| Thu, 12 Feb 2026 | ₹1.5t | ₹324.8b | ₹51.8b | 30.1x | 28.6x | 4.6x |
| Sat, 10 Jan 2026 | ₹1.6t | ₹315.8b | ₹50.5b | 33.7x | 31.2x | 5x |
| Mon, 08 Dec 2025 | ₹1.7t | ₹317.0b | ₹50.5b | 35.1x | 33.2x | 5.3x |
| Wed, 05 Nov 2025 | ₹1.7t | ₹301.9b | ₹44.6b | 38.5x | 37.7x | 5.6x |
| Fri, 03 Oct 2025 | ₹1.7t | ₹296.6b | ₹45.5b | 35.3x | 37.1x | 5.7x |
| Sun, 31 Aug 2025 | ₹1.6t | ₹296.9b | ₹45.5b | 36.7x | 35.9x | 5.5x |
| Tue, 29 Jul 2025 | ₹1.7t | ₹290.7b | ₹44.2b | 37.3x | 37.4x | 5.7x |
| Thu, 26 Jun 2025 | ₹1.7t | ₹297.5b | ₹46.1b | 33x | 37.1x | 5.7x |
| Sat, 24 May 2025 | ₹1.6t | ₹298.3b | ₹43.4b | 28.9x | 37.6x | 5.5x |
| Mon, 21 Apr 2025 | ₹1.5t | ₹289.0b | ₹40.5b | 26.6x | 36.7x | 5.1x |
| Wed, 19 Mar 2025 | ₹1.4t | ₹289.0b | ₹40.5b | 24.5x | 35x | 4.9x |
| Fri, 14 Feb 2025 | ₹1.6t | ₹289.4b | ₹41.3b | 30.7x | 39.7x | 5.7x |
| Sun, 12 Jan 2025 | ₹2.0t | ₹285.1b | ₹44.3b | 32.1x | 44.9x | 7x |
| Tue, 10 Dec 2024 | ₹2.1t | ₹285.6b | ₹47.0b | 35.8x | 44.9x | 7.4x |
| Thu, 07 Nov 2024 | ₹2.0t | ₹281.8b | ₹49.1b | 30.6x | 39.8x | 6.9x |
| Sat, 05 Oct 2024 | ₹1.9t | ₹277.7b | ₹47.3b | 31.3x | 40.3x | 6.9x |
| Mon, 02 Sep 2024 | ₹2.0t | ₹277.2b | ₹47.4b | 33.9x | 41.2x | 7x |
| Wed, 31 Jul 2024 | ₹2.0t | ₹274.3b | ₹47.8b | 34.6x | 41x | 7.1x |
| Fri, 28 Jun 2024 | ₹1.8t | ₹267.5b | ₹46.5b | 33.8x | 38.8x | 6.8x |
| Sun, 26 May 2024 | ₹1.5t | ₹271.2b | ₹46.3b | 28.6x | 32.6x | 5.6x |
| Tue, 23 Apr 2024 | ₹1.5t | ₹268.6b | ₹45.5b | 30.8x | 33.3x | 5.6x |
| Thu, 21 Mar 2024 | ₹1.5t | ₹268.5b | ₹45.4b | 33.4x | 33.6x | 5.7x |
| Sat, 17 Feb 2024 | ₹1.6t | ₹268.5b | ₹45.4b | 32.6x | 34.6x | 5.9x |
| Mon, 15 Jan 2024 | ₹1.3t | ₹254.7b | ₹39.7b | 32.2x | 32.6x | 5.1x |
| Wed, 13 Dec 2023 | ₹1.2t | ₹254.7b | ₹39.5b | 32.3x | 29.6x | 4.6x |
| Fri, 10 Nov 2023 | ₹1.1t | ₹252.4b | ₹38.1b | 36.2x | 29.5x | 4.5x |
| Sun, 08 Oct 2023 | ₹1.1t | ₹245.3b | ₹36.9b | 33.5x | 30.3x | 4.6x |
| Tue, 05 Sep 2023 | ₹1.1t | ₹240.0b | ₹36.7b | 34.1x | 29.5x | 4.5x |
| Thu, 03 Aug 2023 | ₹1.0t | ₹237.4b | ₹35.7b | 31.6x | 28.1x | 4.2x |
| Sat, 01 Jul 2023 | ₹952.7b | ₹231.1b | ₹34.4b | 30.9x | 27.7x | 4.1x |
| Mon, 29 May 2023 | ₹839.5b | ₹227.9b | ₹33.3b | 29.3x | 25.2x | 3.7x |
| Wed, 26 Apr 2023 | ₹766.5b | ₹216.6b | ₹33.3b | 27.4x | 23x | 3.5x |
| Fri, 24 Mar 2023 | ₹727.9b | ₹218.4b | ₹33.2b | 24.9x | 21.9x | 3.3x |
| Sun, 19 Feb 2023 | ₹776.4b | ₹218.4b | ₹33.2b | 26.2x | 23.4x | 3.6x |
Price to Earnings Ratio
23.4x
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 28.9x 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 4.6x.
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 | 1.30% | |
| Tech | -2.73% | |
| Software | -2.14% | |
| Application Software | -2.03% | |
| Systems Software | -2.33% | |
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 | |
|---|---|---|---|---|---|
| AURIONPRO Aurionpro Solutions | ₹992.35 | 4.8% +₹2.5b | -31.6% | PE26.9x | |
| 532408 Sigma Advanced Systems | ₹194.65 | 7.6% +₹2.4b | 183.1% | PE24.9x | |
| 526881 63 moons technologies | ₹701.30 | 7.6% +₹2.3b | -1.5% | PS24.8x | |
| EXCELSOFT Excelsoft Technologies | ₹91.30 | 25.8% +₹2.2b | n/a | PE22.2x | |
| 532341 IZMO | ₹835.05 | 16.8% +₹1.8b | 111.1% | PE39.6x |