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Indian (NIFTY) Systems Software Industry Analysis
UpdatedFeb 21, 2026
DataAggregated Company Financials
Companies14
- 7D-0.2%
- 3M-19.2%
- 1Y-26.3%
- YTDn/a
Over the last 7 days, the Systems Software industry has dropped 2.3%, driven by KPIT Technologies declining 3.1%. On the other hand Newgen Software Technologies is actually up 16%. However, the industry is down 26% over the past year. 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 |
|---|---|---|---|---|---|---|
| Sat, 21 Feb 2026 | ₹802.3b | ₹192.4b | ₹22.2b | 39.8x | 36.1x | 4.2x |
| Mon, 19 Jan 2026 | ₹993.8b | ₹190.5b | ₹23.0b | 43.1x | 43.2x | 5.2x |
| Wed, 17 Dec 2025 | ₹973.8b | ₹190.4b | ₹23.9b | 41.4x | 40.7x | 5.1x |
| Fri, 14 Nov 2025 | ₹1.0t | ₹190.4b | ₹23.7b | 42.9x | 43.4x | 5.4x |
| Sun, 12 Oct 2025 | ₹986.5b | ₹188.3b | ₹23.6b | 38.7x | 41.8x | 5.2x |
| Tue, 09 Sep 2025 | ₹1.0t | ₹188.6b | ₹24.4b | 40.3x | 41.3x | 5.3x |
| Thu, 07 Aug 2025 | ₹1.0t | ₹188.9b | ₹24.7b | 41.2x | 40.9x | 5.3x |
| Sat, 05 Jul 2025 | ₹1.1t | ₹187.0b | ₹25.2b | 49.3x | 43.7x | 5.9x |
| Mon, 02 Jun 2025 | ₹1.1t | ₹187.0b | ₹25.2b | 47.1x | 45.2x | 6.1x |
| Wed, 30 Apr 2025 | ₹1.0t | ₹183.9b | ₹23.8b | 45.7x | 43.8x | 5.7x |
| Fri, 28 Mar 2025 | ₹1.0t | ₹184.0b | ₹24.0b | 45.7x | 43.3x | 5.7x |
| Sun, 23 Feb 2025 | ₹1.1t | ₹184.0b | ₹24.0b | 45.8x | 45x | 5.9x |
| Tue, 21 Jan 2025 | ₹1.2t | ₹180.8b | ₹23.1b | 49.7x | 53.1x | 6.8x |
| Thu, 19 Dec 2024 | ₹1.4t | ₹180.5b | ₹23.2b | 56.7x | 58.6x | 7.5x |
| Sat, 16 Nov 2024 | ₹1.2t | ₹180.8b | ₹23.2b | 50.6x | 51.7x | 6.6x |
| Mon, 14 Oct 2024 | ₹1.4t | ₹176.4b | ₹19.6b | 71.4x | 73.5x | 8.2x |
| Wed, 11 Sep 2024 | ₹1.4t | ₹175.7b | ₹19.3b | 62.1x | 73x | 8x |
| Fri, 09 Aug 2024 | ₹1.3t | ₹175.8b | ₹19.2b | 53.9x | 67.4x | 7.4x |
| Sun, 07 Jul 2024 | ₹1.3t | ₹170.7b | ₹17.8b | 55.4x | 75.5x | 7.9x |
| Tue, 04 Jun 2024 | ₹1.2t | ₹170.4b | ₹18.5b | 61.3x | 64.6x | 7x |
| Thu, 02 May 2024 | ₹1.2t | ₹169.8b | ₹18.3b | 56.8x | 67.5x | 7.3x |
| Sat, 30 Mar 2024 | ₹1.3t | ₹163.5b | ₹16.6b | 49.3x | 76.2x | 7.7x |
| Mon, 26 Feb 2024 | ₹1.3t | ₹163.5b | ₹16.6b | 56.3x | 79.6x | 8.1x |
| Wed, 24 Jan 2024 | ₹1.3t | ₹157.5b | ₹14.2b | 54.4x | 93.1x | 8.4x |
| Fri, 22 Dec 2023 | ₹1.3t | ₹156.4b | ₹13.9b | 50.3x | 94.1x | 8.4x |
| Sun, 19 Nov 2023 | ₹1.2t | ₹156.4b | ₹13.9b | 44.9x | 89.4x | 8x |
| Tue, 17 Oct 2023 | ₹1.2t | ₹213.1b | ₹20.9b | 43x | 59.5x | 5.8x |
| Thu, 14 Sep 2023 | ₹1.2t | ₹213.1b | ₹20.9b | 39x | 57.1x | 5.6x |
| Sat, 12 Aug 2023 | ₹1.2t | ₹213.0b | ₹20.9b | 35.2x | 55.1x | 5.4x |
| Mon, 10 Jul 2023 | ₹1.1t | ₹201.2b | ₹19.8b | 62.2x | 55.9x | 5.5x |
| Wed, 07 Jun 2023 | ₹1.1t | ₹201.2b | ₹19.8b | 45.7x | 55.7x | 5.5x |
| Fri, 05 May 2023 | ₹946.3b | ₹198.0b | ₹20.0b | 36.3x | 47.3x | 4.8x |
| Sun, 02 Apr 2023 | ₹864.8b | ₹188.3b | ₹19.7b | 21x | 43.8x | 4.6x |
| Tue, 28 Feb 2023 | ₹862.9b | ₹188.3b | ₹19.7b | 22x | 43.7x | 4.6x |
Price to Earnings Ratio
43.7x
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 36.8x 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 4.3x.
Past Earnings Growth
- The earnings for companies in the Systems Software industry have grown 4.1% 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 | 0.28% | |
| Tech | -1.57% | |
| Software | -0.87% | |
| Systems Software | -0.16% | |
| Application Software | -1.28% | |
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 | |
|---|---|---|---|---|---|
| NEWGEN Newgen Software Technologies | ₹556.90 | 16.1% +₹10.9b | -42.9% | PE25.9x | |
| 500408 Tata Elxsi | ₹4.86k | 0.8% +₹2.3b | -18.4% | PE52.1x | |
| 532407 MosChip Technologies | ₹192.05 | 1.1% +₹415.3m | 12.5% | PE102.8x | |
| 531161 ABM Knowledgeware | ₹250.00 | 7.1% +₹330.0m | 45.3% | PE43.9x | |
| QUICKHEAL Quick Heal Technologies | ₹178.81 | 1.8% +₹173.5m | -49.9% | PE168.3x |
