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Indian (NIFTY) Systems Software Industry Analysis
UpdatedFeb 12, 2026
DataAggregated Company Financials
Companies14
- 7D-2.3%
- 3M-13.7%
- 1Y-21.4%
- YTDn/a
Over the last 7 days, the Systems Software industry has dropped 2.3%, driven by a pullback from Tata Elxsi of 4.9%. Meanwhile, Birlasoft actually outperformed within the industry, gaining 5.6% in the last week. The industry has fallen 21% in the last year. Looking forward, earnings are forecast to grow by 21% 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 |
|---|---|---|---|---|---|---|
| Thu, 12 Feb 2026 | ₹886.5b | ₹192.5b | ₹22.4b | 39.5x | 39.6x | 4.6x |
| Sat, 10 Jan 2026 | ₹1.0t | ₹190.4b | ₹23.9b | 45.2x | 41.9x | 5.3x |
| Mon, 08 Dec 2025 | ₹1.0t | ₹190.4b | ₹23.9b | 43.5x | 42.6x | 5.4x |
| Wed, 05 Nov 2025 | ₹1.0t | ₹189.3b | ₹23.9b | 41.5x | 42.1x | 5.3x |
| Fri, 03 Oct 2025 | ₹968.2b | ₹188.6b | ₹24.4b | 39.3x | 39.7x | 5.1x |
| Sun, 31 Aug 2025 | ₹959.5b | ₹188.6b | ₹24.4b | 39.6x | 39.4x | 5.1x |
| Tue, 29 Jul 2025 | ₹1.0t | ₹186.8b | ₹24.8b | 38.5x | 40.6x | 5.4x |
| Thu, 26 Jun 2025 | ₹1.1t | ₹187.0b | ₹25.2b | 45.8x | 44.3x | 6x |
| Sat, 24 May 2025 | ₹1.1t | ₹187.2b | ₹25.8b | 46.4x | 44.1x | 6.1x |
| Mon, 21 Apr 2025 | ₹931.7b | ₹183.9b | ₹23.8b | 40.6x | 39.2x | 5.1x |
| Wed, 19 Mar 2025 | ₹984.1b | ₹184.0b | ₹24.0b | 42.3x | 40.9x | 5.3x |
| Fri, 14 Feb 2025 | ₹1.1t | ₹183.9b | ₹24.0b | 47.3x | 46.5x | 6.1x |
| Sun, 12 Jan 2025 | ₹1.2t | ₹180.8b | ₹23.1b | 51.1x | 53.6x | 6.8x |
| Tue, 10 Dec 2024 | ₹1.4t | ₹180.8b | ₹23.2b | 57.2x | 58.7x | 7.5x |
| Thu, 07 Nov 2024 | ₹1.3t | ₹180.6b | ₹21.8b | 55.5x | 60.4x | 7.3x |
| Sat, 05 Oct 2024 | ₹1.4t | ₹175.7b | ₹19.3b | 67.3x | 71.8x | 7.9x |
| Mon, 02 Sep 2024 | ₹1.5t | ₹175.7b | ₹19.3b | 63.2x | 75.1x | 8.3x |
| Wed, 31 Jul 2024 | ₹1.4t | ₹175.2b | ₹19.1b | 54.8x | 72.3x | 7.9x |
| Fri, 28 Jun 2024 | ₹1.3t | ₹170.7b | ₹17.8b | 55x | 72.4x | 7.6x |
| Sun, 26 May 2024 | ₹1.3t | ₹170.2b | ₹18.5b | 64.4x | 67.7x | 7.4x |
| Tue, 23 Apr 2024 | ₹1.2t | ₹163.6b | ₹16.6b | 57.6x | 73x | 7.4x |
| Thu, 21 Mar 2024 | ₹1.2t | ₹163.5b | ₹16.6b | 49.6x | 72.2x | 7.3x |
| Sat, 17 Feb 2024 | ₹1.3t | ₹163.5b | ₹16.6b | 58.7x | 80.2x | 8.1x |
| Mon, 15 Jan 2024 | ₹1.4t | ₹156.4b | ₹13.9b | 56.5x | 97.7x | 8.7x |
| Wed, 13 Dec 2023 | ₹1.3t | ₹156.4b | ₹13.9b | 48.1x | 91.9x | 8.2x |
| Fri, 10 Nov 2023 | ₹1.2t | ₹156.4b | ₹13.9b | 41.7x | 82.7x | 7.4x |
| Sun, 08 Oct 2023 | ₹1.2t | ₹213.1b | ₹20.9b | 40.5x | 57.7x | 5.7x |
| Tue, 05 Sep 2023 | ₹1.2t | ₹213.1b | ₹20.9b | 39.8x | 58.2x | 5.7x |
| Thu, 03 Aug 2023 | ₹1.1t | ₹212.8b | ₹20.9b | 33.6x | 54.2x | 5.3x |
| Sat, 01 Jul 2023 | ₹1.1t | ₹201.2b | ₹19.8b | 62.5x | 56.4x | 5.6x |
| Mon, 29 May 2023 | ₹1.1t | ₹201.3b | ₹19.8b | 44.9x | 53.1x | 5.2x |
| Wed, 26 Apr 2023 | ₹888.0b | ₹193.5b | ₹19.5b | 39.8x | 45.6x | 4.6x |
| Fri, 24 Mar 2023 | ₹855.4b | ₹188.3b | ₹19.7b | 20.7x | 43.4x | 4.5x |
| Sun, 19 Feb 2023 | ₹893.6b | ₹188.3b | ₹19.7b | 23.7x | 45.3x | 4.7x |
Price to Earnings Ratio
45.3x
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 39.6x 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 4.6x.
Past Earnings Growth
- The earnings for companies in the Systems Software industry have grown 4.3% 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 | 1.30% | |
| Tech | -2.73% | |
| Software | -2.14% | |
| Systems Software | -2.33% | |
| Application Software | -2.03% | |
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 | |
|---|---|---|---|---|---|
| 530175 Odyssey Technologies | ₹52.68 | 5.8% +₹46.0m | -46.5% | PE19x | |
| 3IINFOLTD 3i Infotech | ₹15.50 | 1.2% +₹37.3m | -42.5% | PE4.6x | |
| GSTL Globesecure Technologies | ₹22.80 | 8.3% +₹27.9m | -17.8% | PS2.5x |
