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Indian (NIFTY) Systems Software Industry Analysis
UpdatedDec 14, 2025
DataAggregated Company Financials
Companies14
- 7D-1.9%
- 3M-3.4%
- 1Y-26.7%
- YTDn/a
Over the last 7 days, the Systems Software industry has dropped 1.9%, driven by a pullback from Tata Elxsi of 3.6%. Meanwhile, Ramco Systems actually outperformed within the industry, gaining 9.9% in the last week. Overall the industry is down 27% in 12 months. 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 |
|---|---|---|---|---|---|---|
| Sun, 14 Dec 2025 | ₹999.2b | ₹190.4b | ₹23.9b | 43.6x | 41.8x | 5.2x |
| Tue, 11 Nov 2025 | ₹998.3b | ₹189.1b | ₹24.0b | 44.4x | 41.6x | 5.3x |
| Thu, 09 Oct 2025 | ₹991.2b | ₹188.6b | ₹24.4b | 38.9x | 40.7x | 5.3x |
| Sat, 06 Sep 2025 | ₹1.0t | ₹188.6b | ₹24.4b | 40.4x | 41.2x | 5.3x |
| Mon, 04 Aug 2025 | ₹1.0t | ₹188.9b | ₹24.7b | 40.6x | 41x | 5.4x |
| Wed, 02 Jul 2025 | ₹1.1t | ₹187.0b | ₹25.2b | 50.1x | 44.1x | 5.9x |
| Fri, 30 May 2025 | ₹1.1t | ₹187.7b | ₹25.2b | 47.5x | 45.4x | 6.1x |
| Sun, 27 Apr 2025 | ₹1.0t | ₹183.9b | ₹23.8b | 44.5x | 42.9x | 5.6x |
| Tue, 25 Mar 2025 | ₹1.1t | ₹184.0b | ₹24.0b | 46.2x | 44.3x | 5.8x |
| Thu, 20 Feb 2025 | ₹1.1t | ₹184.0b | ₹24.0b | 46.9x | 45.4x | 5.9x |
| Sat, 18 Jan 2025 | ₹1.2t | ₹180.8b | ₹23.1b | 49x | 53x | 6.8x |
| Mon, 16 Dec 2024 | ₹1.4t | ₹180.5b | ₹23.2b | 57.1x | 58.4x | 7.5x |
| Wed, 13 Nov 2024 | ₹1.2t | ₹180.9b | ₹23.2b | 51.8x | 53.3x | 6.8x |
| Fri, 11 Oct 2024 | ₹1.4t | ₹175.7b | ₹19.3b | 68.3x | 73.3x | 8.1x |
| Sun, 08 Sep 2024 | ₹1.4t | ₹175.7b | ₹19.3b | 60x | 72.3x | 7.9x |
| Tue, 06 Aug 2024 | ₹1.3t | ₹175.8b | ₹19.2b | 53.6x | 67x | 7.3x |
| Thu, 04 Jul 2024 | ₹1.4t | ₹170.7b | ₹17.8b | 55.8x | 76.2x | 8x |
| Sat, 01 Jun 2024 | ₹1.2t | ₹170.4b | ₹18.5b | 60.6x | 64.7x | 7x |
| Mon, 29 Apr 2024 | ₹1.2t | ₹163.9b | ₹16.9b | 55.7x | 71.8x | 7.4x |
| Wed, 27 Mar 2024 | ₹1.2t | ₹163.5b | ₹16.6b | 47.4x | 74.7x | 7.6x |
| Fri, 23 Feb 2024 | ₹1.3t | ₹163.5b | ₹16.6b | 56.3x | 79.5x | 8.1x |
| Sun, 21 Jan 2024 | ₹1.3t | ₹157.5b | ₹14.2b | 54.9x | 94.9x | 8.5x |
| Tue, 19 Dec 2023 | ₹1.3t | ₹156.4b | ₹13.9b | 50.7x | 95.3x | 8.5x |
| Thu, 16 Nov 2023 | ₹1.2t | ₹156.4b | ₹13.9b | 44.8x | 85.5x | 7.6x |
| Sat, 14 Oct 2023 | ₹1.2t | ₹213.1b | ₹20.9b | 43x | 59.5x | 5.8x |
| Mon, 11 Sep 2023 | ₹1.2t | ₹213.1b | ₹20.9b | 40.7x | 58.5x | 5.7x |
| Wed, 09 Aug 2023 | ₹1.2t | ₹213.0b | ₹20.9b | 35.7x | 55.5x | 5.5x |
| Fri, 07 Jul 2023 | ₹1.1t | ₹201.2b | ₹19.8b | 62.1x | 56x | 5.5x |
| Sun, 04 Jun 2023 | ₹1.1t | ₹201.2b | ₹19.8b | 47.4x | 56.4x | 5.6x |
| Tue, 02 May 2023 | ₹935.9b | ₹197.2b | ₹19.8b | 37.8x | 47.3x | 4.7x |
| Thu, 30 Mar 2023 | ₹853.6b | ₹188.3b | ₹19.7b | 20.7x | 43.3x | 4.5x |
| Sat, 25 Feb 2023 | ₹880.2b | ₹188.3b | ₹19.7b | 22.7x | 44.6x | 4.7x |
| Mon, 23 Jan 2023 | ₹827.2b | ₹181.8b | ₹20.4b | 19.1x | 40.5x | 4.6x |
| Wed, 21 Dec 2022 | ₹821.4b | ₹176.9b | ₹20.1b | 19x | 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 41.8x 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 5.2x.
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 | -0.34% | |
| Tech | -0.68% | |
| Software | -1.40% | |
| Systems Software | -1.93% | |
| Application Software | -1.08% | |
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 | |
|---|---|---|---|---|---|
| RAMCOSYS Ramco Systems | ₹658.75 | 9.9% +₹2.2b | 36.7% | PE283.9x | |
| TAC TAC Infosec | ₹803.90 | 11.5% +₹1.7b | 59.3% | PE86.2x | |
| 532407 MosChip Technologies | ₹206.15 | 1.5% +₹597.3m | -10.6% | PE92.8x | |
| 544567 Infinity Infoway | ₹390.90 | 1.5% +₹32.2m | n/a | PE44.1x | |
| GSTL Globesecure Technologies | ₹12.90 | 14.2% +₹25.5m | -64.8% | PS1.4x |
