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Indian (NIFTY) Systems Software Industry Analysis
UpdatedFeb 04, 2026
DataAggregated Company Financials
Companies14
- 7D-0.9%
- 3M-9.7%
- 1Y-23.4%
- YTDn/a
Over the last 7 days, the Systems Software industry has dropped 2.8%, driven by a pullback from KPIT Technologies of 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?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 04 Feb 2026 | ₹910.4b | ₹192.5b | ₹22.4b | 41.4x | 40.7x | 4.7x |
| Fri, 02 Jan 2026 | ₹981.9b | ₹190.4b | ₹23.9b | 41x | 41x | 5.2x |
| Sun, 30 Nov 2025 | ₹993.4b | ₹190.4b | ₹23.9b | 43x | 41.5x | 5.2x |
| Tue, 28 Oct 2025 | ₹1.0t | ₹188.9b | ₹23.8b | 41.5x | 43.3x | 5.5x |
| Thu, 25 Sep 2025 | ₹1.0t | ₹188.6b | ₹24.4b | 40.2x | 41.4x | 5.4x |
| Sat, 23 Aug 2025 | ₹984.9b | ₹188.6b | ₹24.4b | 39.3x | 40.4x | 5.2x |
| Mon, 21 Jul 2025 | ₹1.1t | ₹186.8b | ₹24.8b | 42.5x | 43.1x | 5.7x |
| Wed, 18 Jun 2025 | ₹1.2t | ₹187.0b | ₹25.2b | 48.1x | 46x | 6.2x |
| Fri, 16 May 2025 | ₹1.1t | ₹186.4b | ₹24.4b | 49x | 46.4x | 6.1x |
| Sun, 13 Apr 2025 | ₹906.5b | ₹184.0b | ₹24.0b | 40x | 37.7x | 4.9x |
| Tue, 11 Mar 2025 | ₹1.0t | ₹184.0b | ₹24.0b | 42.5x | 41.9x | 5.5x |
| Thu, 06 Feb 2025 | ₹1.2t | ₹183.5b | ₹24.3b | 50.7x | 49.1x | 6.5x |
| Sat, 04 Jan 2025 | ₹1.3t | ₹180.5b | ₹23.2b | 54x | 56.8x | 7.3x |
| Mon, 02 Dec 2024 | ₹1.2t | ₹180.8b | ₹23.2b | 51x | 52.9x | 6.8x |
| Wed, 30 Oct 2024 | ₹1.2t | ₹180.9b | ₹20.3b | 53.7x | 61.5x | 6.9x |
| Fri, 27 Sep 2024 | ₹1.4t | ₹175.7b | ₹19.3b | 68.6x | 73.2x | 8x |
| Sun, 25 Aug 2024 | ₹1.4t | ₹175.7b | ₹19.3b | 56x | 70.8x | 7.8x |
| Tue, 23 Jul 2024 | ₹1.4t | ₹172.1b | ₹17.9b | 55.1x | 76.9x | 8x |
| Thu, 20 Jun 2024 | ₹1.3t | ₹170.7b | ₹17.8b | 56.9x | 72.2x | 7.5x |
| Sat, 18 May 2024 | ₹1.3t | ₹170.2b | ₹18.3b | 63.5x | 68.9x | 7.4x |
| Mon, 15 Apr 2024 | ₹1.3t | ₹163.6b | ₹16.6b | 58x | 76x | 7.7x |
| Wed, 13 Mar 2024 | ₹1.3t | ₹163.5b | ₹16.6b | 55.5x | 75.4x | 7.7x |
| Fri, 09 Feb 2024 | ₹1.4t | ₹163.5b | ₹16.6b | 49.9x | 81.7x | 8.3x |
| Sun, 07 Jan 2024 | ₹1.3t | ₹156.4b | ₹13.9b | 53.3x | 94.5x | 8.4x |
| Tue, 05 Dec 2023 | ₹1.3t | ₹156.4b | ₹13.9b | 47.8x | 90.5x | 8.1x |
| Thu, 02 Nov 2023 | ₹1.3t | ₹220.0b | ₹21.7b | 41.8x | 58.2x | 5.7x |
| Sat, 30 Sep 2023 | ₹1.2t | ₹213.1b | ₹20.9b | 38.2x | 57x | 5.6x |
| Mon, 28 Aug 2023 | ₹1.2t | ₹213.1b | ₹20.9b | 38.3x | 56.6x | 5.6x |
| Wed, 26 Jul 2023 | ₹1.1t | ₹203.1b | ₹19.9b | 45.4x | 55.5x | 5.4x |
| Fri, 23 Jun 2023 | ₹1.1t | ₹201.2b | ₹19.8b | 63.2x | 56.2x | 5.5x |
| Sun, 21 May 2023 | ₹1.0t | ₹201.1b | ₹19.8b | 43x | 50.7x | 5x |
| Tue, 18 Apr 2023 | ₹880.0b | ₹188.3b | ₹19.7b | 22.5x | 44.6x | 4.7x |
| Thu, 16 Mar 2023 | ₹852.6b | ₹188.3b | ₹19.7b | 21.6x | 43.2x | 4.5x |
| Sat, 11 Feb 2023 | ₹895.5b | ₹188.3b | ₹19.7b | 23.8x | 45.4x | 4.8x |
Price to Earnings Ratio
45.4x
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 Market | 3.02% | |
| Tech | 1.70% | |
| Software | 0.27% | |
| Systems Software | -0.88% | |
| Application Software | 0.92% | |
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 | |
|---|---|---|---|---|---|
| BSOFT Birlasoft | ₹447.45 | 12.2% +₹13.6b | -15.0% | PE26.8x | |
| 532407 MosChip Technologies | ₹204.55 | 19.8% +₹6.6b | 2.0% | PE109.5x | |
| 500408 Tata Elxsi | ₹5.51k | 1.7% +₹5.6b | -13.6% | PE59.1x | |
| RAMCOSYS Ramco Systems | ₹501.35 | 18.0% +₹2.9b | 37.5% | PE84.9x | |
| 3IINFOLTD 3i Infotech | ₹15.08 | 3.7% +₹112.0m | -47.4% | PE4.5x |
