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Indian (NIFTY) Systems Software Industry Analysis

UpdatedFeb 03, 2026
DataAggregated Company Financials
Companies14
  • 7D-2.8%
  • 3M-10.8%
  • 1Y-24.3%
  • YTDn/a

Over the last 7 days, the Systems Software industry has dropped 2.8%, driven by KPIT Technologies declining 10%. Meanwhile, MosChip Technologies actually outperformed within the industry, gaining 19% in the last week. Overall the industry is down 24% in 12 months. 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?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 03 Feb 2026₹898.9b₹192.5b₹22.4b41.7x40.2x4.7x
Thu, 01 Jan 2026₹988.5b₹190.4b₹23.9b41.3x41.3x5.2x
Sat, 29 Nov 2025₹993.4b₹190.4b₹23.9b43x41.5x5.2x
Mon, 27 Oct 2025₹1.0t₹188.9b₹23.8b40x42.8x5.4x
Wed, 24 Sep 2025₹1.0t₹188.6b₹24.4b40.6x41.8x5.4x
Fri, 22 Aug 2025₹995.5b₹188.6b₹24.4b39.7x40.8x5.3x
Sun, 20 Jul 2025₹1.1t₹186.8b₹24.8b42.5x43.1x5.7x
Tue, 17 Jun 2025₹1.2t₹187.0b₹25.2b48x46.1x6.2x
Thu, 15 May 2025₹1.1t₹186.4b₹24.4b48.4x45.4x6x
Sat, 12 Apr 2025₹906.5b₹184.0b₹24.0b40x37.7x4.9x
Mon, 10 Mar 2025₹1.0t₹184.0b₹24.0b44.8x43.6x5.7x
Wed, 05 Feb 2025₹1.2t₹183.6b₹24.4b49x48.5x6.4x
Fri, 03 Jan 2025₹1.3t₹180.5b₹23.2b55.3x57.7x7.4x
Sun, 01 Dec 2024₹1.2t₹180.8b₹23.2b51x52.9x6.8x
Tue, 29 Oct 2024₹1.3t₹180.9b₹20.3b53.8x62x6.9x
Thu, 26 Sep 2024₹1.4t₹175.7b₹19.3b67.5x72.8x8x
Sat, 24 Aug 2024₹1.4t₹175.7b₹19.3b56x70.8x7.8x
Mon, 22 Jul 2024₹1.4t₹172.1b₹17.9b55.1x77x8x
Wed, 19 Jun 2024₹1.3t₹170.7b₹17.8b57.3x71.9x7.5x
Fri, 17 May 2024₹1.3t₹170.2b₹18.3b63.6x68.8x7.4x
Sun, 14 Apr 2024₹1.3t₹163.6b₹16.6b58x76x7.7x
Tue, 12 Mar 2024₹1.3t₹163.5b₹16.6b53.9x76.2x7.7x
Thu, 08 Feb 2024₹1.3t₹163.2b₹16.8b50.8x80.3x8.3x
Sat, 06 Jan 2024₹1.3t₹156.4b₹13.9b53.3x94.5x8.4x
Mon, 04 Dec 2023₹1.3t₹156.4b₹13.9b47.2x90x8x
Wed, 01 Nov 2023₹1.3t₹218.5b₹22.3b43.3x56.6x5.8x
Fri, 29 Sep 2023₹1.2t₹213.1b₹20.9b37.5x57x5.6x
Sun, 27 Aug 2023₹1.2t₹213.1b₹20.9b38.3x56.6x5.6x
Tue, 25 Jul 2023₹1.1t₹203.1b₹19.9b45.7x55.7x5.5x
Thu, 22 Jun 2023₹1.1t₹201.2b₹19.8b64.3x56.2x5.5x
Sat, 20 May 2023₹1.0t₹201.9b₹19.8b43x50.7x5x
Mon, 17 Apr 2023₹883.6b₹188.3b₹19.7b22.9x44.8x4.7x
Wed, 15 Mar 2023₹829.1b₹188.3b₹19.7b21.7x42x4.4x
Fri, 10 Feb 2023₹883.5b₹188.3b₹19.7b23.8x44.8x4.7x
Price to Earnings Ratio

44.8x


Total Market Cap: ₹883.5bTotal Earnings: ₹19.7bTotal Revenue: ₹188.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Systems Software Industry Price to Earnings3Y Average 57.3x202420252026
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 40.2x 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 4.7x.
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 Market0.61%
Tech0.096%
Software-2.06%
Systems Software-2.85%
Application Software-1.61%
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?

CompanyLast Price7D1YValuation
532407 MosChip Technologies₹201.4519.0%
+₹6.2b
4.2%PE107.9x
500408 Tata Elxsi₹5.51k1.7%
+₹5.6b
-13.6%PE59.1x
BSOFT Birlasoft₹425.554.9%
+₹5.5b
-19.9%PE25.5x
RAMCOSYS Ramco Systems₹501.3518.0%
+₹2.9b
37.5%PE84.9x
3IINFOLTD 3i Infotech₹15.083.7%
+₹112.0m
-47.4%PE4.5x

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