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Indian (NIFTY) Systems Software Industry Analysis
UpdatedFeb 09, 2026
DataAggregated Company Financials
Companies14
- 7D-2.6%
- 3M-12.7%
- 1Y-27.1%
- YTDn/a
Over the last 7 days, the Systems Software industry has dropped 2.6%, driven by Tata Elxsi declining 3.8%. Overall the industry is down 27% in 12 months. 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 |
|---|---|---|---|---|---|---|
| Mon, 09 Feb 2026 | ₹872.9b | ₹192.5b | ₹22.4b | 40.3x | 39x | 4.5x |
| Wed, 07 Jan 2026 | ₹978.2b | ₹190.4b | ₹23.9b | 46.3x | 40.9x | 5.1x |
| Fri, 05 Dec 2025 | ₹1.0t | ₹190.4b | ₹23.9b | 44.7x | 42.8x | 5.4x |
| Sun, 02 Nov 2025 | ₹1.0t | ₹189.3b | ₹23.9b | 42x | 42.5x | 5.4x |
| Tue, 30 Sep 2025 | ₹980.9b | ₹188.6b | ₹24.4b | 39.8x | 40.2x | 5.2x |
| Thu, 28 Aug 2025 | ₹980.4b | ₹188.6b | ₹24.4b | 40x | 40.2x | 5.2x |
| Sat, 26 Jul 2025 | ₹1.0t | ₹186.8b | ₹24.8b | 39.6x | 41.3x | 5.5x |
| Mon, 23 Jun 2025 | ₹1.1t | ₹187.0b | ₹25.2b | 47.6x | 45.2x | 6.1x |
| Wed, 21 May 2025 | ₹1.1t | ₹186.3b | ₹25.4b | 45.9x | 44.7x | 6.1x |
| Fri, 18 Apr 2025 | ₹931.7b | ₹184.0b | ₹24.0b | 40.6x | 38.8x | 5.1x |
| Sun, 16 Mar 2025 | ₹970.8b | ₹184.0b | ₹24.0b | 42.9x | 40.4x | 5.3x |
| Tue, 11 Feb 2025 | ₹1.2t | ₹183.8b | ₹24.5b | 49.1x | 48x | 6.4x |
| Thu, 09 Jan 2025 | ₹1.3t | ₹180.5b | ₹23.2b | 53.2x | 55.5x | 7.1x |
| Sat, 07 Dec 2024 | ₹1.3t | ₹180.8b | ₹23.2b | 56.4x | 57.7x | 7.4x |
| Mon, 04 Nov 2024 | ₹1.3t | ₹180.9b | ₹20.3b | 54.2x | 62.9x | 7x |
| Wed, 02 Oct 2024 | ₹1.4t | ₹175.7b | ₹19.3b | 68.2x | 72.5x | 8x |
| Fri, 30 Aug 2024 | ₹1.5t | ₹175.7b | ₹19.3b | 62.7x | 75.1x | 8.3x |
| Sun, 28 Jul 2024 | ₹1.4t | ₹175.2b | ₹19.1b | 56x | 72.6x | 7.9x |
| Tue, 25 Jun 2024 | ₹1.3t | ₹170.7b | ₹17.8b | 57.2x | 74.8x | 7.8x |
| Thu, 23 May 2024 | ₹1.2t | ₹170.2b | ₹18.5b | 62.7x | 66.6x | 7.2x |
| Sat, 20 Apr 2024 | ₹1.2t | ₹163.6b | ₹16.6b | 57.8x | 73.3x | 7.5x |
| Mon, 18 Mar 2024 | ₹1.2t | ₹163.5b | ₹16.6b | 55.5x | 74.8x | 7.6x |
| Wed, 14 Feb 2024 | ₹1.3t | ₹163.5b | ₹16.6b | 58.2x | 77.9x | 7.9x |
| Fri, 12 Jan 2024 | ₹1.3t | ₹156.4b | ₹13.9b | 53.8x | 95.8x | 8.5x |
| Sun, 10 Dec 2023 | ₹1.3t | ₹156.4b | ₹13.9b | 47.7x | 90.1x | 8x |
| Tue, 07 Nov 2023 | ₹1.1t | ₹156.0b | ₹15.7b | 42.5x | 71.8x | 7.2x |
| Thu, 05 Oct 2023 | ₹1.2t | ₹213.1b | ₹20.9b | 38.8x | 57.1x | 5.6x |
| Sat, 02 Sep 2023 | ₹1.2t | ₹213.1b | ₹20.9b | 41.4x | 58.2x | 5.7x |
| Mon, 31 Jul 2023 | ₹1.1t | ₹212.8b | ₹20.9b | 32.8x | 53.4x | 5.2x |
| Wed, 28 Jun 2023 | ₹1.1t | ₹201.2b | ₹19.8b | 62.2x | 55.8x | 5.5x |
| Fri, 26 May 2023 | ₹1.0t | ₹201.1b | ₹19.8b | 43.2x | 51.3x | 5.1x |
| Sun, 23 Apr 2023 | ₹886.4b | ₹193.5b | ₹19.5b | 37.6x | 45.5x | 4.6x |
| Tue, 21 Mar 2023 | ₹859.8b | ₹188.3b | ₹19.7b | 21x | 43.6x | 4.6x |
| Thu, 16 Feb 2023 | ₹888.3b | ₹188.3b | ₹19.7b | 23.6x | 45x | 4.7x |
Price to Earnings Ratio
45x
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 39.0x 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 4.5x.
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 | 3.74% | |
| Tech | -5.16% | |
| Software | -3.03% | |
| Systems Software | -2.58% | |
| Application Software | -3.29% | |
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 | ₹445.20 | 4.6% +₹5.5b | -15.4% | PE26.7x | |
| RAMCOSYS Ramco Systems | ₹510.35 | 5.0% +₹902.3m | 45.3% | PE86.5x | |
| TAC TAC Infosec | ₹634.80 | 5.9% +₹737.8m | -5.9% | PE68x | |
| NEWGEN Newgen Software Technologies | ₹562.20 | 0.8% +₹634.1m | -44.9% | PE26.2x | |
| 532407 MosChip Technologies | ₹203.05 | 0.8% +₹309.1m | 7.5% | PE108.7x |
