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Indian (NIFTY) Systems Software Industry Analysis
UpdatedDec 13, 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. The industry has fallen 27% in the last 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 |
|---|---|---|---|---|---|---|
| Sat, 13 Dec 2025 | ₹999.2b | ₹190.4b | ₹23.9b | 43.6x | 41.8x | 5.2x |
| Mon, 10 Nov 2025 | ₹989.0b | ₹189.1b | ₹24.0b | 44.4x | 41.2x | 5.2x |
| Wed, 08 Oct 2025 | ₹987.9b | ₹188.6b | ₹24.4b | 39.2x | 40.5x | 5.2x |
| Fri, 05 Sep 2025 | ₹996.0b | ₹188.6b | ₹24.4b | 40.5x | 40.9x | 5.3x |
| Sun, 03 Aug 2025 | ₹1.0t | ₹188.9b | ₹24.7b | 40.6x | 41x | 5.4x |
| Tue, 01 Jul 2025 | ₹1.1t | ₹187.0b | ₹25.2b | 50.1x | 44.1x | 5.9x |
| Thu, 29 May 2025 | ₹1.1t | ₹187.2b | ₹25.7b | 47.2x | 44.3x | 6.1x |
| Sat, 26 Apr 2025 | ₹1.0t | ₹183.9b | ₹23.8b | 44.5x | 42.9x | 5.6x |
| Mon, 24 Mar 2025 | ₹1.0t | ₹184.0b | ₹24.0b | 46.7x | 43.2x | 5.6x |
| Wed, 19 Feb 2025 | ₹1.1t | ₹184.0b | ₹24.0b | 46.9x | 45.4x | 5.9x |
| Fri, 17 Jan 2025 | ₹1.2t | ₹180.8b | ₹23.1b | 49.2x | 53.2x | 6.8x |
| Sun, 15 Dec 2024 | ₹1.4t | ₹180.5b | ₹23.2b | 57.1x | 58.4x | 7.5x |
| Tue, 12 Nov 2024 | ₹1.2t | ₹180.9b | ₹23.2b | 52.5x | 53.4x | 6.8x |
| Thu, 10 Oct 2024 | ₹1.4t | ₹175.7b | ₹19.3b | 66x | 72.5x | 8x |
| Sat, 07 Sep 2024 | ₹1.4t | ₹175.7b | ₹19.3b | 60x | 72.3x | 7.9x |
| Mon, 05 Aug 2024 | ₹1.3t | ₹175.8b | ₹19.2b | 55.8x | 70x | 7.7x |
| Wed, 03 Jul 2024 | ₹1.3t | ₹170.7b | ₹17.8b | 55.5x | 74.9x | 7.8x |
| Fri, 31 May 2024 | ₹1.2t | ₹170.4b | ₹18.5b | 61.8x | 65.4x | 7.1x |
| Sun, 28 Apr 2024 | ₹1.2t | ₹164.1b | ₹16.9b | 55.7x | 71.8x | 7.4x |
| Tue, 26 Mar 2024 | ₹1.2t | ₹163.5b | ₹16.6b | 47.7x | 73.8x | 7.5x |
| Thu, 22 Feb 2024 | ₹1.3t | ₹163.5b | ₹16.6b | 57x | 78.3x | 8x |
| Sat, 20 Jan 2024 | ₹1.3t | ₹157.5b | ₹14.2b | 54.9x | 94.9x | 8.5x |
| Mon, 18 Dec 2023 | ₹1.3t | ₹156.4b | ₹13.9b | 51x | 95.6x | 8.5x |
| Wed, 15 Nov 2023 | ₹1.2t | ₹156.4b | ₹13.9b | 42.7x | 84.5x | 7.5x |
| Fri, 13 Oct 2023 | ₹1.3t | ₹213.1b | ₹20.9b | 43x | 59.7x | 5.9x |
| Sun, 10 Sep 2023 | ₹1.2t | ₹213.1b | ₹20.9b | 40.7x | 58.5x | 5.7x |
| Tue, 08 Aug 2023 | ₹1.2t | ₹212.8b | ₹20.9b | 35.4x | 55.9x | 5.5x |
| Thu, 06 Jul 2023 | ₹1.1t | ₹201.2b | ₹19.8b | 62.2x | 55.7x | 5.5x |
| Sat, 03 Jun 2023 | ₹1.1t | ₹201.2b | ₹19.8b | 47.4x | 56.4x | 5.6x |
| Mon, 01 May 2023 | ₹935.9b | ₹197.2b | ₹19.8b | 37.8x | 47.3x | 4.7x |
| Wed, 29 Mar 2023 | ₹850.1b | ₹188.3b | ₹19.7b | 20.8x | 43.1x | 4.5x |
| Fri, 24 Feb 2023 | ₹876.8b | ₹188.3b | ₹19.7b | 22.8x | 44.5x | 4.7x |
| Sun, 22 Jan 2023 | ₹827.2b | ₹181.8b | ₹20.4b | 19.1x | 40.5x | 4.6x |
| Tue, 20 Dec 2022 | ₹827.5b | ₹176.9b | ₹20.1b | 19.4x | 41.1x | 4.7x |
Price to Earnings Ratio
41.1x
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 |
