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Jan 21
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Indian (NIFTY) Systems Software Industry Analysis
UpdatedJan 21, 2026
DataAggregated Company Financials
Companies14
- 7D-7.1%
- 3M-6.1%
- 1Y-21.3%
- YTDn/a
Over the last 7 days, the Systems Software industry has dropped 7.1%, driven by pullbacks in Tata Elxsi and Newgen Software Technologies of 7.0% and 19%, respectively. On the other hand Globesecure Technologies is actually up 5.3%. However, the industry is down 21% 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 Systems Software Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 21 Jan 2026 | ₹932.7b | ₹190.5b | ₹23.0b | 41.6x | 40.5x | 4.9x |
| Fri, 19 Dec 2025 | ₹968.7b | ₹190.4b | ₹23.9b | 40.9x | 40.5x | 5.1x |
| Sun, 16 Nov 2025 | ₹1.0t | ₹190.9b | ₹24.0b | 41.6x | 42.3x | 5.3x |
| Tue, 14 Oct 2025 | ₹978.0b | ₹188.3b | ₹23.6b | 38.6x | 41.4x | 5.2x |
| Thu, 11 Sep 2025 | ₹1.0t | ₹188.6b | ₹24.4b | 41.3x | 42.9x | 5.5x |
| Sat, 09 Aug 2025 | ₹986.8b | ₹188.4b | ₹24.2b | 39.4x | 40.8x | 5.2x |
| Mon, 07 Jul 2025 | ₹1.1t | ₹187.0b | ₹25.2b | 49.3x | 43.7x | 5.9x |
| Wed, 04 Jun 2025 | ₹1.1t | ₹187.0b | ₹25.2b | 46.7x | 44.8x | 6x |
| Fri, 02 May 2025 | ₹1.0t | ₹186.0b | ₹24.6b | 44.6x | 41.8x | 5.5x |
| Sun, 30 Mar 2025 | ₹1.0t | ₹184.0b | ₹24.0b | 45x | 41.8x | 5.5x |
| Tue, 25 Feb 2025 | ₹1.1t | ₹184.0b | ₹24.0b | 45x | 44.2x | 5.8x |
| Thu, 23 Jan 2025 | ₹1.2t | ₹181.3b | ₹23.3b | 48.3x | 49.9x | 6.4x |
| Sat, 21 Dec 2024 | ₹1.3t | ₹180.5b | ₹23.2b | 54.1x | 56.9x | 7.3x |
| Mon, 18 Nov 2024 | ₹1.2t | ₹180.9b | ₹23.2b | 50.6x | 51.7x | 6.6x |
| Wed, 16 Oct 2024 | ₹1.4t | ₹176.4b | ₹19.6b | 67.4x | 72.1x | 8x |
| Fri, 13 Sep 2024 | ₹1.4t | ₹175.7b | ₹19.3b | 61.6x | 74.3x | 8.2x |
| Sun, 11 Aug 2024 | ₹1.3t | ₹175.8b | ₹19.2b | 54.4x | 68.5x | 7.5x |
| Tue, 09 Jul 2024 | ₹1.3t | ₹170.7b | ₹17.8b | 55.2x | 75x | 7.8x |
| Thu, 06 Jun 2024 | ₹1.2t | ₹170.5b | ₹17.8b | 60x | 67.2x | 7x |
| Sat, 04 May 2024 | ₹1.3t | ₹169.3b | ₹18.3b | 57.4x | 68.9x | 7.5x |
| Mon, 01 Apr 2024 | ₹1.3t | ₹163.5b | ₹16.6b | 49.3x | 76.2x | 7.7x |
| Wed, 28 Feb 2024 | ₹1.3t | ₹163.5b | ₹16.6b | 59.7x | 79x | 8x |
| Fri, 26 Jan 2024 | ₹1.3t | ₹160.1b | ₹16.2b | 53.2x | 78.4x | 8x |
| Sun, 24 Dec 2023 | ₹1.3t | ₹156.4b | ₹13.9b | 51.5x | 95.7x | 8.5x |
| Tue, 21 Nov 2023 | ₹1.3t | ₹156.4b | ₹13.9b | 45x | 91.4x | 8.1x |
| Thu, 19 Oct 2023 | ₹1.3t | ₹215.2b | ₹21.4b | 43.2x | 59.2x | 5.9x |
| Sat, 16 Sep 2023 | ₹1.2t | ₹213.1b | ₹20.9b | 40x | 58x | 5.7x |
| Mon, 14 Aug 2023 | ₹1.2t | ₹213.1b | ₹20.9b | 35.2x | 55.1x | 5.4x |
| Wed, 12 Jul 2023 | ₹1.1t | ₹201.2b | ₹19.8b | 61.3x | 55.1x | 5.4x |
| Fri, 09 Jun 2023 | ₹1.1t | ₹201.2b | ₹19.8b | 64.7x | 56.3x | 5.5x |
| Sun, 07 May 2023 | ₹937.2b | ₹198.0b | ₹20.0b | 36.1x | 46.8x | 4.7x |
| Tue, 04 Apr 2023 | ₹840.2b | ₹188.3b | ₹19.7b | 21.9x | 42.6x | 4.5x |
| Thu, 02 Mar 2023 | ₹860.3b | ₹188.3b | ₹19.7b | 22.1x | 43.6x | 4.6x |
| Sat, 28 Jan 2023 | ₹841.7b | ₹183.6b | ₹20.6b | 21.1x | 40.8x | 4.6x |
Price to Earnings Ratio
40.8x
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 40.5x which is lower than its 3-year average PE of 57.4x.
- The 3-year average PS ratio of 6.3x is higher than the industry's current PS ratio of 4.9x.
Past Earnings Growth
- The earnings for companies in the Systems Software industry have grown 3.7% 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 | -2.63% | |
| Tech | -2.32% | |
| Software | -4.73% | |
| Systems Software | -7.06% | |
| Application Software | -3.24% | |
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 | |
|---|---|---|---|---|---|
| GSTL Globesecure Technologies | ₹15.60 | 3.3% +₹8.0m | -53.7% | PS1.7x | |
| 523151 Otco International | ₹7.20 | 2.9% +₹2.6m | -3.7% | PS63.4x |
