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Indian (NIFTY) Systems Software Industry Analysis
UpdatedFeb 22, 2026
DataAggregated Company Financials
Companies14
- 7D-0.2%
- 3M-19.2%
- 1Y-26.3%
- YTDn/a
The Systems Software is pretty flat in the last 7 days, but Newgen Software Technologies has stood out, gaining 16%. As for the longer term, the industry has declined 26% in the last year. As for the next few years, earnings are expected to grow by 21% per annum.
Industry Valuation and Performance
Has the Indian Systems Software Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 22 Feb 2026 | ₹802.3b | ₹192.4b | ₹22.2b | 39.8x | 36.1x | 4.2x |
| Tue, 20 Jan 2026 | ₹979.1b | ₹190.5b | ₹23.0b | 42.4x | 42.5x | 5.1x |
| Thu, 18 Dec 2025 | ₹969.0b | ₹190.4b | ₹23.9b | 41.2x | 40.5x | 5.1x |
| Sat, 15 Nov 2025 | ₹1.0t | ₹190.9b | ₹24.0b | 41.6x | 42.3x | 5.3x |
| Mon, 13 Oct 2025 | ₹986.5b | ₹188.3b | ₹23.6b | 38.7x | 41.8x | 5.2x |
| Wed, 10 Sep 2025 | ₹1.0t | ₹188.6b | ₹24.4b | 40.3x | 41.5x | 5.4x |
| Fri, 08 Aug 2025 | ₹1.0t | ₹188.9b | ₹24.7b | 40.7x | 40.8x | 5.3x |
| Sun, 06 Jul 2025 | ₹1.1t | ₹187.0b | ₹25.2b | 49.3x | 43.7x | 5.9x |
| Tue, 03 Jun 2025 | ₹1.1t | ₹187.0b | ₹25.2b | 47x | 45.1x | 6.1x |
| Thu, 01 May 2025 | ₹1.0t | ₹186.0b | ₹24.6b | 44.6x | 41.8x | 5.5x |
| Sat, 29 Mar 2025 | ₹1.0t | ₹184.0b | ₹24.0b | 45x | 41.8x | 5.5x |
| Mon, 24 Feb 2025 | ₹1.1t | ₹184.0b | ₹24.0b | 45.8x | 45x | 5.9x |
| Wed, 22 Jan 2025 | ₹1.2t | ₹181.3b | ₹23.3b | 48.9x | 50.6x | 6.5x |
| Fri, 20 Dec 2024 | ₹1.4t | ₹180.5b | ₹23.2b | 56.4x | 58.5x | 7.5x |
| Sun, 17 Nov 2024 | ₹1.2t | ₹180.9b | ₹23.2b | 50.6x | 51.7x | 6.6x |
| Tue, 15 Oct 2024 | ₹1.4t | ₹176.4b | ₹19.6b | 71.4x | 73.5x | 8.2x |
| Thu, 12 Sep 2024 | ₹1.4t | ₹175.7b | ₹19.3b | 61x | 72.9x | 8x |
| Sat, 10 Aug 2024 | ₹1.3t | ₹175.8b | ₹19.2b | 54.4x | 68.5x | 7.5x |
| Mon, 08 Jul 2024 | ₹1.3t | ₹170.7b | ₹17.8b | 55.4x | 75.5x | 7.9x |
| Wed, 05 Jun 2024 | ₹1.2t | ₹170.5b | ₹17.8b | 58.4x | 64.9x | 6.8x |
| Fri, 03 May 2024 | ₹1.3t | ₹169.3b | ₹18.3b | 58.5x | 68.5x | 7.4x |
| Sun, 31 Mar 2024 | ₹1.3t | ₹163.5b | ₹16.6b | 49.3x | 76.2x | 7.7x |
| Tue, 27 Feb 2024 | ₹1.3t | ₹163.5b | ₹16.6b | 57.1x | 79x | 8x |
| Thu, 25 Jan 2024 | ₹1.3t | ₹158.4b | ₹14.3b | 55.6x | 91.3x | 8.2x |
| Sat, 23 Dec 2023 | ₹1.3t | ₹156.4b | ₹13.9b | 51.5x | 95.6x | 8.5x |
| Mon, 20 Nov 2023 | ₹1.2t | ₹156.4b | ₹13.9b | 44.9x | 89.4x | 8x |
| Wed, 18 Oct 2023 | ₹1.2t | ₹213.1b | ₹20.9b | 43x | 59.5x | 5.8x |
| Fri, 15 Sep 2023 | ₹1.2t | ₹213.1b | ₹20.9b | 40x | 58x | 5.7x |
| Sun, 13 Aug 2023 | ₹1.2t | ₹213.0b | ₹20.9b | 35.2x | 55.1x | 5.4x |
| Tue, 11 Jul 2023 | ₹1.1t | ₹201.2b | ₹19.8b | 61.7x | 54.9x | 5.4x |
| Thu, 08 Jun 2023 | ₹1.1t | ₹201.2b | ₹19.8b | 46.2x | 56.3x | 5.5x |
| Sat, 06 May 2023 | ₹937.2b | ₹198.0b | ₹20.0b | 36.1x | 46.8x | 4.7x |
| Mon, 03 Apr 2023 | ₹864.8b | ₹188.3b | ₹19.7b | 21x | 43.8x | 4.6x |
| Wed, 01 Mar 2023 | ₹848.6b | ₹188.3b | ₹19.7b | 21.6x | 43x | 4.5x |
Price to Earnings Ratio
43x
Current Industry PE
- Investors are pessimistic on the Indian Systems 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 36.1x which is lower than its 3-year average PE of 57.2x.
- The 3-year average PS ratio of 6.3x is higher than the industry's current PS ratio of 4.2x.
Past Earnings Growth
- The earnings for companies in the Systems Software industry have grown 4.1% per year over the last three years, while revenues have remained mostly flat.
- This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.
Industry Comparison
How does Indian Systems Software compare with similar industries?
| IN Market | 0.28% | |
| Tech | -1.57% | |
| Software | -0.87% | |
| Systems Software | -0.16% | |
| Application Software | -1.28% | |
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 | |
|---|---|---|---|---|---|
| NEWGEN Newgen Software Technologies | ₹556.90 | 16.1% +₹10.9b | -42.9% | PE25.9x | |
| 500408 Tata Elxsi | ₹4.86k | 0.8% +₹2.3b | -18.4% | PE52.1x | |
| 532407 MosChip Technologies | ₹192.05 | 1.1% +₹415.3m | 12.5% | PE102.8x | |
| 531161 ABM Knowledgeware | ₹250.00 | 7.1% +₹330.0m | 45.3% | PE43.9x | |
| QUICKHEAL Quick Heal Technologies | ₹178.81 | 1.8% +₹173.5m | -49.9% | PE168.3x |
