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Indian (NIFTY) Tech Hardware Industry Analysis

UpdatedJan 04, 2026
DataAggregated Company Financials
Companies9
  • 7D-2.4%
  • 3M-30.2%
  • 1Y-0.3%
  • YTD-1.0%

Over the last 7 days, the Tech Hardware industry has dropped 2.4%, driven by a pullback from Netweb Technologies India of 3.9%. As for the longer term, the industry's performance has been flat for the past year. Earnings are forecast to grow by 41% annually.

Industry Valuation and Performance

Has the Indian Tech Hardware Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 05 Jan 2026₹241.2b₹49.4b₹4.0b28.1x59.6x4.9x
Wed, 03 Dec 2025₹260.3b₹48.9b₹4.0b33x65.1x5.3x
Fri, 31 Oct 2025₹321.4b₹45.7b₹3.9b35.8x81.4x7x
Sun, 28 Sep 2025₹238.5b₹31.6b₹1.8b41.3x135.3x7.6x
Tue, 26 Aug 2025₹155.8b₹31.6b₹1.8b32.1x88.4x4.9x
Thu, 24 Jul 2025₹133.2b₹30.0b₹1.6b36.7x82.2x4.4x
Sat, 21 Jun 2025₹121.9b₹26.3b₹1.5b46x82.5x4.6x
Mon, 19 May 2025₹126.4b₹26.3b₹1.5b44.1x85.9x4.8x
Wed, 16 Apr 2025₹112.8b₹24.6b₹1.3b53.9x83.6x4.6x
Fri, 14 Mar 2025₹105.9b₹24.6b₹1.3b47.9x78.5x4.3x
Sun, 09 Feb 2025₹129.3b₹24.5b₹1.3b62.9x96.9x5.3x
Tue, 07 Jan 2025₹186.8b₹23.6b₹1.3b75.8x147.4x7.9x
Thu, 05 Dec 2024₹189.2b₹23.6b₹1.3b71.6x149.2x8x
Sat, 02 Nov 2024₹182.4b₹23.1b₹1.3b56.6x143x7.9x
Mon, 30 Sep 2024₹174.1b₹19.9b₹1.1b83.8x159.2x8.7x
Wed, 28 Aug 2024₹170.3b₹19.5b₹1.0b61.8x163.3x8.7x
Fri, 26 Jul 2024₹151.6b₹19.3b₹1.1b70.7x143.1x7.9x
Sun, 23 Jun 2024₹160.2b₹18.4b₹951.4m52.5x168.4x8.7x
Tue, 21 May 2024₹137.1b₹18.0b₹938.4m126.8x146.1x7.6x
Thu, 18 Apr 2024₹104.5b₹15.0b₹708.5m124x147.6x7x
Sat, 16 Mar 2024₹97.5b₹15.1b₹707.9m109.5x137.8x6.5x
Mon, 12 Feb 2024₹92.2b₹14.1b₹671.6m135.5x137.2x6.5x
Wed, 10 Jan 2024₹86.2b₹13.3b₹663.2m105.6x130x6.5x
Fri, 08 Dec 2023₹70.6b₹13.3b₹663.2m106.9x106.4x5.3x
Sun, 05 Nov 2023₹58.9b₹11.6b₹587.0m96.2x100.4x5.1x
Tue, 03 Oct 2023₹56.7b₹8.9b₹507.2m98.1x111.7x6.3x
Thu, 31 Aug 2023₹57.9b₹8.9b₹507.2m99.6x114.2x6.5x
Sat, 29 Jul 2023₹61.3b₹9.2b₹553.1m75.2x110.9x6.7x
Mon, 26 Jun 2023₹11.2b₹4.8b₹83.7m75.1x133.8x2.4x
Wed, 24 May 2023₹10.8b₹4.8b₹97.0m63.8x111.4x2.3x
Fri, 21 Apr 2023₹10.3b₹4.8b₹126.8m56.7x80.9x2.1x
Sun, 19 Mar 2023₹9.6b₹4.8b₹126.8m54.4x76.1x2x
Tue, 14 Feb 2023₹10.6b₹4.8b₹132.3m59.5x80x2.2x
Thu, 12 Jan 2023₹11.5b₹4.8b₹169.2m44.4x67.9x2.4x
Price to Earnings Ratio

67.9x


Total Market Cap: ₹11.5bTotal Earnings: ₹169.2mTotal Revenue: ₹4.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Tech Hardware Industry Price to Earnings3Y Average 113.3x202420252026
Current Industry PE
  • Investors are pessimistic on the Indian Tech 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 59.6x which is lower than its 3-year average PE of 113x.
  • The 3-year average PS ratio of 5.6x is higher than the industry's current PS ratio of 4.9x.
Past Earnings Growth
  • The earnings for companies in the Tech industry have grown 188% per year over the last three years.
  • Revenues for these companies have grown 117% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Indian Tech industry?

IN Market1.48%
Tech-0.70%
Tech Hardware-2.36%
Tech Hardware Storage and Peripherals-2.36%
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
STYL Seshaasai Technologies₹282.253.1%
+₹1.4b		n/aPE21.6x
TVSELECT TVS Electronics₹445.752.0%
+₹164.1m		5.4%PS1.9x
517119 PCS Technology₹22.994.3%
+₹19.7m		-36.4%PE30.4x
517399 VXL Instruments₹3.029.0%
+₹3.3m		-44.5%PS53.2x
517044 International Data Management₹31.003.3%
+₹2.2m		-11.7%PE-52.6x

Latest News

NETWEB
₹3,024.10
Netweb Technologies India
7D
-3.9%
1Y
6.5%

NETWEB: AI Partnership And Localized Solutions Will Drive Earnings Ahead

Analysts have nudged their fair value estimate for Netweb Technologies India slightly higher from ₹4,057.50 to ₹4,075.00, citing marginally stronger revenue growth expectations that more than offset a modest trimming of profit margin and valuation multiples assumptions. What's in the News Netweb Technologies India has scheduled a board meeting on November 1, 2025 to consider and approve unaudited financial results for the quarter and half year ended September 30, 2025, along with any other business with the chair's permission (company filing).
532354
₹4.50
Virgo Global
7D
-9.1%
1Y
-40.3%
TVSELECT
₹445.75
TVS Electronics
7D
2.0%
1Y
5.4%

TVS Electronics Limited's (NSE:TVSELECT) 26% Dip Still Leaving Some Shareholders Feeling Restless Over Its P/SRatio

Dec 10
TVS Electronics Limited's (NSE:TVSELECT) 26% Dip Still Leaving Some Shareholders Feeling Restless Over Its P/SRatio
PANACHE
₹325.45
Panache Digilife
7D
-0.4%
1Y
19.3%
WOL3D
₹172.05
WOL 3D India
7D
-4.4%
1Y
19.5%

Further Upside For WOL 3D India Limited (NSE:WOL3D) Shares Could Introduce Price Risks After 37% Bounce

Nov 19
Further Upside For WOL 3D India Limited (NSE:WOL3D) Shares Could Introduce Price Risks After 37% Bounce
STYL
₹282.25
Seshaasai Technologies
7D
3.1%
1Y
n/a
CELLECOR
₹29.05
Cellecor Gadgets
7D
-2.7%
1Y
-59.8%

Concerns Surrounding Cellecor Gadgets' (NSE:CELLECOR) Performance

Nov 15
Concerns Surrounding Cellecor Gadgets' (NSE:CELLECOR) Performance
ESCONET
₹138.70
Esconet Technologies
7D
-6.1%
1Y
-59.9%
517119
₹22.99
PCS Technology
7D
4.3%
1Y
-36.4%
517044
₹31.00
International Data Management
7D
3.3%
1Y
-11.7%
517399
₹3.02
VXL Instruments
7D
9.0%
1Y
-44.5%