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Indian (NIFTY) Tech Sector Analysis

UpdatedAug 23, 2025
DataAggregated Company Financials
Companies334
  • 7D2.0%
  • 3M-5.9%
  • 1Y-19.4%
  • YTD-19.9%

In the last week, the Tech industry is up 2.0%, with Infosys up 2.7%. In contrast, the industry has lost 19% in the last 12 months. Earnings are forecast to grow by 10% annually.

Sector Valuation and Performance

Has the Indian Tech Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 23 Aug 2025₹38.0t₹11.1t₹1.4t32.5x26.2x3.4x
Mon, 21 Jul 2025₹39.5t₹10.9t₹1.4t34.4x27.8x3.6x
Wed, 18 Jun 2025₹41.5t₹10.9t₹1.4t34.5x29.5x3.8x
Fri, 16 May 2025₹40.7t₹10.8t₹1.4t31.9x29.3x3.8x
Sun, 13 Apr 2025₹35.4t₹10.7t₹1.4t28.9x25.5x3.3x
Tue, 11 Mar 2025₹39.5t₹10.7t₹1.4t30.5x28.3x3.7x
Thu, 06 Feb 2025₹44.7t₹10.5t₹1.4t38.2x32.4x4.3x
Sat, 04 Jan 2025₹47.2t₹10.3t₹1.3t43.4x35.4x4.6x
Mon, 02 Dec 2024₹46.3t₹10.2t₹1.3t41.6x35x4.5x
Wed, 30 Oct 2024₹44.7t₹10.1t₹1.3t41.5x34x4.4x
Fri, 27 Sep 2024₹45.2t₹9.9t₹1.3t41.5x35.7x4.6x
Sun, 25 Aug 2024₹44.4t₹9.8t₹1.3t43.6x35x4.5x
Tue, 23 Jul 2024₹42.8t₹9.8t₹1.3t42.5x33.9x4.4x
Thu, 20 Jun 2024₹38.4t₹9.7t₹1.2t41.2x31.1x4x
Sat, 18 May 2024₹36.8t₹9.7t₹1.2t45.4x29.9x3.8x
Mon, 15 Apr 2024₹38.1t₹9.7t₹1.2t45.9x31.3x3.9x
Wed, 13 Mar 2024₹39.8t₹9.6t₹1.2t40.8x33x4.1x
Fri, 09 Feb 2024₹40.3t₹9.5t₹1.2t46.2x33.5x4.3x
Sun, 07 Jan 2024₹37.5t₹9.5t₹1.2t46.7x30.5x3.9x
Tue, 05 Dec 2023₹35.4t₹9.5t₹1.2t42.3x28.8x3.7x
Thu, 02 Nov 2023₹32.6t₹9.4t₹1.2t42.4x26.7x3.5x
Sat, 30 Sep 2023₹33.8t₹9.3t₹1.2t40.5x27.8x3.6x
Mon, 28 Aug 2023₹32.6t₹9.3t₹1.2t38.5x26.9x3.5x
Wed, 26 Jul 2023₹31.7t₹9.2t₹1.2t36.6x26.2x3.5x
Fri, 23 Jun 2023₹31.0t₹9.0t₹1.2t34.3x26.2x3.4x
Sun, 21 May 2023₹30.0t₹9.0t₹1.2t30x25.1x3.3x
Tue, 18 Apr 2023₹28.6t₹8.7t₹1.2t27.4x24.4x3.3x
Thu, 16 Mar 2023₹30.6t₹8.9t₹1.2t25.7x26.5x3.4x
Sat, 11 Feb 2023₹33.1t₹8.9t₹1.2t28.3x28.7x3.7x
Mon, 09 Jan 2023₹30.5t₹8.5t₹1.1t29.7x27.1x3.6x
Wed, 07 Dec 2022₹32.7t₹8.5t₹1.1t30x29.1x3.8x
Fri, 04 Nov 2022₹30.9t₹8.4t₹1.1t30.5x27.4x3.7x
Sun, 02 Oct 2022₹29.0t₹8.2t₹1.1t26.4x26.1x3.6x
Tue, 30 Aug 2022₹29.8t₹8.1t₹1.1t27.9x27x3.7x
Price to Earnings Ratio

27x


Total Market Cap: ₹29.8tTotal Earnings: ₹1.1tTotal Revenue: ₹8.1tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Tech Sector Price to Earnings3Y Average 29.5x202320242025
Current Industry PE
  • Investors are pessimistic on the Indian Information Technology 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 26.2x which is lower than its 3-year average PE of 29.5x.
  • The 3-year average PS ratio of 3.8x is higher than the industry's current PS ratio of 3.4x.
Past Earnings Growth
  • The earnings for companies in the Information Technology industry have grown 9.5% per year over the last three years.
  • Revenues for these companies have grown 11% 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 sector?

IN Market1.84%
Tech2.01%
Tech Hardware8.35%
Semiconductors6.72%
Electronic Equipment and Components5.30%
Communications3.01%
IT1.58%
Software1.13%
Industry PE
  • Investors are most optimistic about the Communications industry which is trading above its 3-year average PE ratio of 44.6x.
    • Analysts are expecting annual earnings growth of 36.4%, which is higher than its past year's earnings growth of 5.1% per year.
  • Investors are most pessimistic about the IT industry, which is trading below its 3-year average of 27.9x.
Forecasted Growth
  • Analysts are most optimistic on the Communications industry, expecting annual earnings growth of 36% over the next 5 years.
  • This is better than its past earnings growth rate of 5.1% per year.
  • In contrast, the IT industry is expected to see its earnings grow by 8.2% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
INFY Infosys₹1.49k2.7%
+₹165.3b
-20.1%PE22x
TCS Tata Consultancy Services₹3.05k1.0%
+₹114.7b
-31.6%PE22.4x
WAAREEENER Waaree Energies₹3.19k10.6%
+₹87.9b
n/aPE41.3x
HEXT Hexaware Technologies₹799.4011.4%
+₹50.0b
n/aPE36.6x
CPPLUS Aditya Infotech₹1.36k28.7%
+₹35.6b
n/aPE44.1x

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