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Indian (NIFTY) Systems Software Industry Analysis

UpdatedDec 26, 2025
DataAggregated Company Financials
Companies14
  • 7D4.9%
  • 3M2.7%
  • 1Y-24.1%
  • YTDn/a

Over the last 7 days, the Systems Software industry has risen 4.9%, driven by gains from Tata Elxsi of 7.3%. In contrast, the industry has lost 23% in the last 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?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 26 Dec 2025₹1.0t₹190.4b₹23.9b42.8x42.5x5.3x
Sun, 23 Nov 2025₹991.7b₹190.4b₹23.9b39.2x41.5x5.2x
Tue, 21 Oct 2025₹983.6b₹188.7b₹23.8b39.3x41.4x5.2x
Thu, 18 Sep 2025₹1.0t₹188.6b₹24.4b41.4x42.8x5.5x
Sat, 16 Aug 2025₹990.7b₹188.6b₹24.4b40x40.7x5.3x
Mon, 14 Jul 2025₹1.1t₹186.7b₹24.8b48.5x43.5x5.8x
Wed, 11 Jun 2025₹1.2t₹187.0b₹25.2b48.7x46.7x6.3x
Fri, 09 May 2025₹1.0t₹186.6b₹24.6b45.2x42x5.5x
Sun, 06 Apr 2025₹933.1b₹184.0b₹24.0b40.5x38.8x5.1x
Tue, 04 Mar 2025₹989.7b₹184.0b₹24.0b42.7x41.2x5.4x
Thu, 30 Jan 2025₹1.2t₹181.3b₹23.3b48.9x49.5x6.4x
Sat, 28 Dec 2024₹1.3t₹180.5b₹23.2b54.4x57.2x7.3x
Mon, 25 Nov 2024₹1.2t₹180.8b₹23.2b50.2x50.8x6.5x
Wed, 23 Oct 2024₹1.3t₹177.1b₹19.7b57x67.6x7.5x
Fri, 20 Sep 2024₹1.4t₹175.7b₹19.3b66.4x72x7.9x
Sun, 18 Aug 2024₹1.3t₹175.7b₹19.3b56.5x69.6x7.6x
Tue, 16 Jul 2024₹1.4t₹171.5b₹17.8b57.7x79x8.2x
Thu, 13 Jun 2024₹1.2t₹170.6b₹17.8b59.6x69.8x7.3x
Sat, 11 May 2024₹1.2t₹169.3b₹18.3b56.1x66.5x7.2x
Mon, 08 Apr 2024₹1.3t₹163.6b₹16.6b59.3x78.1x7.9x
Wed, 06 Mar 2024₹1.3t₹163.5b₹16.6b57.9x77.2x7.8x
Fri, 02 Feb 2024₹1.3t₹163.2b₹16.8b53.4x78x8x
Sun, 31 Dec 2023₹1.3t₹156.4b₹13.9b52.9x94.9x8.5x
Tue, 28 Nov 2023₹1.2t₹156.4b₹13.9b44.2x88.4x7.9x
Thu, 26 Oct 2023₹1.2t₹218.7b₹22.4b41.5x55x5.6x
Sat, 23 Sep 2023₹1.2t₹213.1b₹20.9b38.6x55.7x5.5x
Mon, 21 Aug 2023₹1.2t₹213.1b₹20.9b35.8x55.1x5.4x
Wed, 19 Jul 2023₹1.1t₹202.6b₹19.9b61.9x56.3x5.5x
Fri, 16 Jun 2023₹1.1t₹201.2b₹19.8b64.2x55.9x5.5x
Sun, 14 May 2023₹978.6b₹199.7b₹19.6b44.3x50x4.9x
Tue, 11 Apr 2023₹846.7b₹188.3b₹19.7b23.5x42.9x4.5x
Thu, 09 Mar 2023₹866.9b₹188.3b₹19.7b22.5x43.9x4.6x
Sat, 04 Feb 2023₹857.6b₹186.6b₹20.7b20.4x41.5x4.6x
Mon, 02 Jan 2023₹815.8b₹176.9b₹20.2b18.6x40.4x4.6x
Price to Earnings Ratio

40.4x


Total Market Cap: ₹815.8bTotal Earnings: ₹20.2bTotal Revenue: ₹176.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Systems Software Industry Price to Earnings3Y Average 57.3x20242025
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 42.5x 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 5.8% 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 Market1.68%
Tech1.43%
Software2.85%
Systems Software4.94%
Application Software1.59%
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
BSOFT Birlasoft₹448.753.5%
+₹4.3b		-22.1%PE27.1x
NEWGEN Newgen Software Technologies₹838.701.3%
+₹1.5b		-48.3%PE35.9x
532407 MosChip Technologies₹205.801.9%
+₹741.9m		-2.1%PE92.7x
3IINFOLTD 3i Infotech₹16.753.4%
+₹114.1m		-40.9%PE4.9x
QUICKHEAL Quick Heal Technologies₹273.750.6%
+₹81.3m		-58.5%PS5.4x

Latest News

KPITTECH
₹1,209.20
KPIT Technologies
7D
-1.3%
1Y
-17.2%

KPITTECH: Upcoming Board Decisions On Acquisitions Will Drive Bullish Outlook

Analysts have slightly raised their price target for KPIT Technologies to bring it more in line with their unchanged fair value estimate of ₹1,311.76 per share, reflecting marginally higher discount rate assumptions and steady expectations for revenue growth, profit margins, and future valuation multiples. What's in the News Board meeting scheduled for November 10, 2025 to consider and approve the unaudited financial results for the quarter and half year ended September 30, 2025, along with the limited review report (company filing) Board meeting set for October 28, 2025 at 10:05 IST to evaluate the proposed acquisition of Caresoft, signaling potential inorganic expansion in automotive engineering services (company filing) On October 28, 2025 the board will also review planned strategic investments in N-Dream AG and Helm Ai, underscoring KPIT Technologies focus on gaming and autonomous software capabilities (company filing) The October 28, 2025 agenda includes consideration of granting 8,000 stock options to eligible employees under the KPIT Technologies Limited Restricted Stock Unit Plan 2022, highlighting continued use of equity-based incentives (company filing) Valuation Changes Fair Value Estimate is unchanged at ₹1,311.76 per share, indicating no reassessment of intrinsic value.
500408
₹5,344.95
Tata Elxsi
7D
-1.2%
1Y
-22.4%

500408: Higher Revenue Expectations May Fail To Offset Margin Pressure

Narrative Update on Tata Elxsi Analysts have raised their fair value estimate for Tata Elxsi from ₹3,800 to ₹4,000. This reflects improved expectations for revenue growth, despite slightly lower margin assumptions and a modestly higher future price to earnings multiple.
BSOFT
₹448.75
Birlasoft
7D
3.5%
1Y
-22.1%

BSOFT: Higher Discount Rate Will Pressure Margins And Limit Upside Potential

Analysts have reduced their fair value estimate for Birlasoft to ₹318 from ₹350. This change reflects a slightly higher discount rate, modestly stronger revenue growth expectations, and a marginally lower projected profit margin and future P/E multiple.
TAC
₹774.90
TAC Infosec
7D
-3.3%
1Y
21.3%

Is Now The Time To Put TAC Infosec (NSE:TAC) On Your Watchlist?

Dec 11
Is Now The Time To Put TAC Infosec (NSE:TAC) On Your Watchlist?
GSTL
₹14.45
Globesecure Technologies
7D
-4.0%
1Y
-52.2%
544567
₹370.00
Infinity Infoway
7D
2.8%
1Y
n/a
RAMCOSYS
₹575.30
Ramco Systems
7D
-3.0%
1Y
36.4%
3IINFOLTD
₹16.75
3i Infotech
7D
3.4%
1Y
-40.9%

Why 3i Infotech's (NSE:3IINFOLTD) Healthy Earnings Aren’t As Good As They Seem

Nov 20
Why 3i Infotech's (NSE:3IINFOLTD) Healthy Earnings Aren’t As Good As They Seem
531161
₹251.00
ABM Knowledgeware
7D
-3.5%
1Y
96.2%
532407
₹205.80
MosChip Technologies
7D
1.9%
1Y
-2.1%
523151
₹6.69
Otco International
7D
-10.8%
1Y
-20.4%
NEWGEN
₹838.70
Newgen Software Technologies
7D
1.3%
1Y
-48.3%

Solid Earnings May Not Tell The Whole Story For Newgen Software Technologies (NSE:NEWGEN)

Nov 09
Solid Earnings May Not Tell The Whole Story For Newgen Software Technologies (NSE:NEWGEN)
530175
₹65.21
Odyssey Technologies
7D
0.2%
1Y
-41.3%
QUICKHEAL
₹273.75
Quick Heal Technologies
7D
0.6%
1Y
-58.5%