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Indian (NIFTY) Systems Software Industry Analysis
UpdatedDec 22, 2025
DataAggregated Company Financials
Companies14
- 7D1.3%
- 3M-2.0%
- 1Y-23.8%
- YTDn/a
Over the last 7 days, the Systems Software industry has risen 1.3%, driven by gains from Tata Elxsi of 8.1%. Meanwhile, Ramco Systems actually underperformed within the industry, shrinking 6.3% in the last week. However, the industry is down 24% over the past year. Looking forward, earnings are forecast to grow by 18% annually.
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 |
|---|---|---|---|---|---|---|
| Tue, 23 Dec 2025 | ₹1.0t | ₹190.4b | ₹23.9b | 40.7x | 42.3x | 5.3x |
| Thu, 20 Nov 2025 | ₹1.0t | ₹190.4b | ₹23.9b | 41.2x | 42.3x | 5.3x |
| Sat, 18 Oct 2025 | ₹982.8b | ₹188.4b | ₹23.7b | 39.4x | 41.5x | 5.2x |
| Mon, 15 Sep 2025 | ₹1.0t | ₹188.6b | ₹24.4b | 40.7x | 42.3x | 5.5x |
| Wed, 13 Aug 2025 | ₹984.5b | ₹188.6b | ₹24.4b | 39.6x | 40.4x | 5.2x |
| Fri, 11 Jul 2025 | ₹1.1t | ₹187.0b | ₹25.2b | 48.7x | 43.1x | 5.8x |
| Sun, 08 Jun 2025 | ₹1.1t | ₹187.0b | ₹25.2b | 47x | 45.4x | 6.1x |
| Tue, 06 May 2025 | ₹1.0t | ₹186.6b | ₹24.6b | 46.2x | 42.3x | 5.6x |
| Thu, 03 Apr 2025 | ₹1.0t | ₹184.0b | ₹24.0b | 45.4x | 42.1x | 5.5x |
| Sat, 01 Mar 2025 | ₹989.0b | ₹184.0b | ₹24.0b | 42.3x | 41.1x | 5.4x |
| Mon, 27 Jan 2025 | ₹1.2t | ₹181.3b | ₹23.3b | 49.3x | 50.6x | 6.5x |
| Wed, 25 Dec 2024 | ₹1.3t | ₹180.5b | ₹23.2b | 53.4x | 56.8x | 7.3x |
| Fri, 22 Nov 2024 | ₹1.2t | ₹180.9b | ₹23.2b | 49.5x | 50.2x | 6.4x |
| Sun, 20 Oct 2024 | ₹1.4t | ₹177.1b | ₹19.7b | 60.4x | 70.8x | 7.9x |
| Tue, 17 Sep 2024 | ₹1.4t | ₹175.7b | ₹19.3b | 60.9x | 73.4x | 8.1x |
| Thu, 15 Aug 2024 | ₹1.3t | ₹175.8b | ₹19.2b | 54x | 68.4x | 7.5x |
| Sat, 13 Jul 2024 | ₹1.4t | ₹171.5b | ₹17.8b | 56.4x | 79x | 8.2x |
| Mon, 10 Jun 2024 | ₹1.3t | ₹170.4b | ₹17.8b | 63.8x | 71x | 7.4x |
| Wed, 08 May 2024 | ₹1.2t | ₹169.3b | ₹18.3b | 56.6x | 67.9x | 7.4x |
| Fri, 05 Apr 2024 | ₹1.3t | ₹163.6b | ₹16.6b | 53.1x | 78.3x | 8x |
| Sun, 03 Mar 2024 | ₹1.3t | ₹163.5b | ₹16.6b | 57x | 79x | 8x |
| Tue, 30 Jan 2024 | ₹1.3t | ₹159.8b | ₹16.2b | 52.2x | 78.6x | 8x |
| Thu, 28 Dec 2023 | ₹1.3t | ₹156.4b | ₹13.9b | 52.8x | 95.3x | 8.5x |
| Sat, 25 Nov 2023 | ₹1.2t | ₹156.4b | ₹13.9b | 44.2x | 88.4x | 7.9x |
| Mon, 23 Oct 2023 | ₹1.3t | ₹218.7b | ₹22.4b | 43.3x | 56.5x | 5.8x |
| Wed, 20 Sep 2023 | ₹1.2t | ₹213.1b | ₹20.9b | 38.6x | 56.9x | 5.6x |
| Fri, 18 Aug 2023 | ₹1.2t | ₹213.1b | ₹20.9b | 37.1x | 55.6x | 5.5x |
| Sun, 16 Jul 2023 | ₹1.1t | ₹201.2b | ₹19.8b | 63.8x | 56.8x | 5.6x |
| Tue, 13 Jun 2023 | ₹1.1t | ₹201.2b | ₹19.8b | 64.8x | 57.2x | 5.6x |
| Thu, 11 May 2023 | ₹981.8b | ₹199.7b | ₹19.6b | 44.5x | 50.1x | 4.9x |
| Sat, 08 Apr 2023 | ₹846.7b | ₹188.3b | ₹19.7b | 23.5x | 42.9x | 4.5x |
| Mon, 06 Mar 2023 | ₹860.0b | ₹188.3b | ₹19.7b | 22.3x | 43.6x | 4.6x |
| Wed, 01 Feb 2023 | ₹864.1b | ₹183.6b | ₹20.6b | 21.3x | 41.9x | 4.7x |
| Fri, 30 Dec 2022 | ₹811.7b | ₹176.9b | ₹20.2b | 18.8x | 40.2x | 4.6x |
Price to Earnings Ratio
40.2x
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 42.3x which is lower than its 3-year average PE of 57.3x.
- The 3-year average PS ratio of 6.3x is higher than the industry's current PS ratio of 5.3x.
Past Earnings Growth
- The earnings for companies in the Systems Software industry have grown 5.9% per year over the last three years.
- Revenues for these companies have grown 2.5% 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 Systems Software compare with similar industries?
| IN Market | -0.11% | |
| Tech | 0.78% | |
| Software | -0.35% | |
| Systems Software | 1.30% | |
| Application Software | -1.35% | |
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 | |
|---|---|---|---|---|---|
| 500408 Tata Elxsi | ₹5.46k | 8.1% +₹25.5b | -20.9% | PE50.7x | |
| KPITTECH KPIT Technologies | ₹1.23k | 1.8% +₹6.0b | -13.2% | PE43.3x | |
| BSOFT Birlasoft | ₹450.15 | 3.5% +₹4.3b | -21.5% | PE27.2x | |
| 532407 MosChip Technologies | ₹209.90 | 2.5% +₹1.0b | -1.6% | PE94.5x | |
| 3IINFOLTD 3i Infotech | ₹17.09 | 5.4% +₹182.5m | -40.2% | PE5x |
