Sector analysis

IT - Software

Read from what its listed companies are showing. Each industry inside it is judged on its own below.

Mixed

166 listed companies · ₹ 23,14,163 Cr. total market value

●59% of companies grew sales by more than 8% from a year earlier; the typical company's profit rose 0%. 28% made a loss.
▲4 credit rating upgrades and 1 downgrade in the last 90 days.
–80 good and 8 bad company announcements, including 18 big orders won (read since 6 Oct 2026; not counted until there is a month of them).
▼The typical share is down 8.8% in 3 months; 29% of shares trade above their 200-day average (their usual level).
–Typical P/E 23.9, 13% below these companies' usual level (cheaper than normal).
–Raised ₹ 4,275 Cr. by issuing shares (2 issues) in 90 days; 3 more fund raises on the way.

▲ / ▼ / ● are the signals the verdict counts: results, credit ratings, announcements and share prices. Lines marked – are shown but not counted.

In charts

Share prices over the last year

The typical IT - Software share against the typical share on the market, both starting at 100. Now 76 vs 83.

Is growth speeding up or slowing down?

The typical company's sales and profit growth against the same quarter a year earlier.

Industries in this sector

A sector mixes different businesses; each industry is judged on its own. Open one for its charts and companies.

Industries in this sector

Software Products58 companies	Mixed	61% of cos.	−14.3%	−9.3%	32.6
Computers - Software & Consulting108 companies	Mixed	58% of cos.	+1.1%	−8.4%	21.9

Cheaper than peers

Not a buy list. These shares trade at a P/E at least 30% below their industry's typical level and below their own usual level, and they also pass basic checks: profitable, sales and profit growing, low debt, no red flags, market value of ₹250 Cr or more. Cheap shares are often cheap for a reason; this is where to start reading, not where to stop.

Cheaper than peers

Tanla Platforms TANLA	Software Products	13.9 vs 32.657% cheaper	+17.8% / +20.3%	₹ 7,419.2 Cr.
Systango Technologies SYSTANGO	Computers - Software & Consulting	9.9 vs 21.955% cheaper	+50% / +55.6%	₹ 299.24 Cr.
Xchanging Solutions XCHANGING	Computers - Software & Consulting	10.1 vs 21.954% cheaper	+8% / +7.1%	₹ 607.25 Cr.
Mastek MASTEK	Computers - Software & Consulting	12.4 vs 21.943% cheaper	+8.4% / +9.3%	₹ 5,440.83 Cr.

Cheaper than peers across the whole market

Leaders and laggards

Good news

Persistent SystemsStrong results
Ramco SystemsCredit rating raised
SaksoftCredit rating raised
Ceinsys TechCredit rating raised
IRIS RegTech SolutionsCredit rating raised

Warning signs

InfosysAction by a regulator
Persistent SystemsSenior exit
Newgen Software TechnologiesSenior exit
VirinchiRating outlook cut

Best shares, 3 months

Worst shares, 3 months

Omega Interactive Technologies−78%
Artificial Electronics Intelligent Material Ltd−58.8%
Empower India−47.1%
Accedere−43.6%
TeleCanor Global Ltd−43.3%

Companies

The 150 largest of 166, by market value. Click a column to sort.

IT - Software companies
							Signs (90 days)
Tata Consultancy Services TCS	Computers - Software & Consulting	₹ 9,14,652.52 Cr.	+11.2%	+14.9%	16.8	+2.1%
HCL Technologies HCLTECH	Computers - Software & Consulting	₹ 3,86,425.91 Cr.	+11.5%	+21.2%	20.3	+5.6%	Strong results
Wipro WIPRO	Computers - Software & Consulting	₹ 1,87,946.15 Cr.	+9.1%	−1.9%	14.3	+1.8%	Strong results
Tech Mahindra TECHM	Computers - Software & Consulting	₹ 1,75,385.14 Cr.	+15.6%	+33.9%	30.7	+10.2%	Strong results
LTM Ltd LTM	Computers - Software & Consulting	₹ 1,22,709.27 Cr.	+13.6%	−0.1%	21.9	−8.2%
Persistent Systems PERSISTENT	Computers - Software & Consulting	₹ 89,925.39 Cr.	+30.2%	−25.3%	48.4	+6.4%	Strong resultsSenior exit
Coforge COFORGE	Computers - Software & Consulting	₹ 84,154.89 Cr.	+53.7%	+42.4%	38.8	+16.4%	Strong results
Oracle Financial Services Software OFSS	Software Products	₹ 84,012.14 Cr.	+6.6%	+28.6%	23.6	−13.1%	Strong results
Mphasis MPHASIS	Computers - Software & Consulting	₹ 47,639.95 Cr.	+17.5%	+10.9%	24.5	+10.9%
Hexaware Technologies HEXT	Computers - Software & Consulting	₹ 36,053 Cr.	+17.9%	−13.2%	25.5	−7.9%
Tata Elxsi TATAELXSI	Computers - Software & Consulting	₹ 23,003.28 Cr.	+15%	+9.7%	225.9	+1.4%
KPIT Technologies KPITTECH	Computers - Software & Consulting	₹ 14,652.98 Cr.	+8.8%	−32.6%	23.4	−16.7%
IDream Film Infrastructure Company Ltd 504375	Computers - Software & Consulting	₹ 13,505.28 Cr.	—	—	204	−23.1%
Fractal Analytics Ltd FRACTAL	Computers - Software & Consulting	₹ 12,620.54 Cr.	+20%	+89.5%	38.1	−4%
Zensar Technologies ZENSARTECH	Computers - Software & Consulting	₹ 11,244.76 Cr.	+8.9%	+1.1%	14.2	−5.2%
Birlasoft BSOFT	Computers - Software & Consulting	₹ 8,492.57 Cr.	+7.3%	+51.9%	14.2	−0.6%
ASM Technologies 526433	Computers - Software & Consulting	₹ 8,336.06 Cr.	+61.8%	+68.8%	114.7	+43.3%
Intellect Design Arena INTELLECT	Computers - Software & Consulting	₹ 8,174.44 Cr.	+20.4%	+8.5%	22.2	−16.5%
Tanla Platforms TANLA	Software Products	₹ 7,419.2 Cr.	+17.8%	+20.3%	13.9	−4.8%	Strong results
Newgen Software Technologies NEWGEN	Computers - Software & Consulting	₹ 6,541.21 Cr.	+5.2%	+6.1%	18.6	−16.1%	Senior exit
Sonata Software SONATSOFTW	Computers - Software & Consulting	₹ 6,516.14 Cr.	+10.6%	−0.9%	12.9	−27%
Mastek MASTEK	Computers - Software & Consulting	₹ 5,440.83 Cr.	+8.4%	+9.3%	12.4	−19.5%	Strong results
Latent View Analytics LATENTVIEW	Computers - Software & Consulting	₹ 4,597.25 Cr.	+21.6%	−7.8%	23.5	−29.8%
Capillary Technologies India CAPILLARY	Software Products	₹ 4,538.82 Cr.	+42.7%	Loss	88.8	+9.6%
63 Moons Technologies 63MOONS	Computers - Software & Consulting	₹ 3,955.38 Cr.	+356.7%	Loss	62.1	+17.2%	Strong results
Aurionpro Solutions AURIONPRO	Computers - Software & Consulting	₹ 3,036.52 Cr.	+6.2%	−11.8%	14.5	−25.6%
Axis Solutions 511144	Computers - Software & Consulting	₹ 2,671.15 Cr.	+77.4%	+65.2%	87.3	+61.1%
TechNVision Ventures Ltd TECHNVISN	Software Products	₹ 2,217.96 Cr.	+30%	+9,300%	749.2	−22.4%
Kody Technolab KODYTECH	Computers - Software & Consulting	₹ 2,147.09 Cr.	—	—	126.9	+7.2%
Ramco Systems RAMCOSYS	Software Products	₹ 1,987.67 Cr.	+3.5%	−96.4%	39.3	−14.4%	Credit rating raised
Mobavenue Ai Tech 539682	Software Products	₹ 1,877.32 Cr.	+58.7%	+100%	53	−14.8%
Nucleus Software Exports NUCLEUS	Software Products	₹ 1,705.75 Cr.	−3.7%	−31.4%	14.9	−9.3%
Blue Cloud Softech Solutions BLUECLOUDS	Software Products	₹ 1,692.97 Cr.	+42.2%	+28.6%	26.6	—
Saksoft SAKSOFT	Computers - Software & Consulting	₹ 1,635.64 Cr.	0%	−9.4%	13.1	−21%	Credit rating raised
NINtec Systems NINSYS	Computers - Software & Consulting	₹ 1,634.5 Cr.	+18.1%	+20.3%	48.7	+7.4%
Silver Touch Technologies SILVERTUC	Computers - Software & Consulting	₹ 1,554.92 Cr.	+23.8%	+150%	37.1	−39%	Big order won
InfoBeans Technologies INFOBEAN	Computers - Software & Consulting	₹ 1,454.54 Cr.	+36.6%	−4.3%	17	−10.4%
Accelya Solutions India ACCELYA	Computers - Software & Consulting	₹ 1,426.87 Cr.	+1.5%	−3.3%	14.2	−18.4%
Hypersoft Technologies 539724	Computers - Software & Consulting	₹ 1,413.3 Cr.	—	—	389.7	−23.6%
Magellanic Cloud MCLOUD	Computers - Software & Consulting	₹ 1,367.18 Cr.	+9.8%	−14.3%	12.2	−22.3%	Big order won
Ceinsys Tech CEINSYS	Computers - Software & Consulting	₹ 1,307.29 Cr.	+0.6%	−3.1%	9.7	−25.4%	Credit rating raised
Subex SUBEXLTD	Software Products	₹ 935.17 Cr.	+19.7%	+7.7%	28.9	+40.2%
Unicommerce eSolutions UNIECOM	Software Products	₹ 858.24 Cr.	+15%	+10.6%	39.1	−1.9%	Strong results
Quick Heal Technologies QUICKHEAL	Software Products	₹ 749.25 Cr.	−21.4%	Loss	196.4	−13.4%
TAC Infosec TAC	Computers - Software & Consulting	₹ 712.82 Cr.	—	—	29.8	−24.2%
Xchanging Solutions XCHANGING	Computers - Software & Consulting	₹ 607.25 Cr.	+8%	+7.1%	10.1	−14.2%
SoftTech Engineers SOFTTECH	Computers - Software & Consulting	₹ 595.14 Cr.	+23.2%	+4.5%	113.3	+3.4%
Innovana Thinklabs INNOVANA	Computers - Software & Consulting	₹ 578.22 Cr.	+21.4%	−57.9%	18.6	−12.7%
Ksolves India KSOLVES	Computers - Software & Consulting	₹ 515.88 Cr.	−4.7%	−13.8%	14.4	−27.6%
Workmates Core2cloud Solution 544610	Computers - Software & Consulting	₹ 514.4 Cr.	—	—	32.4	+34.9%
CSM Technologies Ltd CSM	Computers - Software & Consulting	₹ 444.87 Cr.	−28.5%	Loss	16.8	−12.2%
3i Infotech 3IINFOLTD	Computers - Software & Consulting	₹ 421.85 Cr.	+4.3%	−13.6%	11.2	−8.4%
IRIS RegTech Solutions IRIS	Software Products	₹ 417.12 Cr.	+30%	Loss	32.5	−18.5%	Credit rating raised
Mindteck (India) MINDTECK	Computers - Software & Consulting	₹ 401.87 Cr.	+2.7%	−4.5%	12.5	−31.2%
Sotefin Bharat Ltd 544832	Software Products	₹ 399.27 Cr.	—	—	23	+14.2%
Xtglobal Infotech XTGLOBAL	Computers - Software & Consulting	₹ 339.08 Cr.	+1.1%	+4%	28.4	−15.7%
Virtual Galaxy Infotech VGINFOTECH	Software Products	₹ 323.91 Cr.	—	—	19.8	−16.2%
Covance Softsol 544361	Computers - Software & Consulting	₹ 316.68 Cr.	−12.1%	+62.5%	8	−37.2%
Systango Technologies SYSTANGO	Computers - Software & Consulting	₹ 299.24 Cr.	+50%	+55.6%	9.9	−3.7%
Ace Alpha Tech 544431	Computers - Software & Consulting	₹ 293.22 Cr.	+25%	0%	19.4	+17.1%
Trejhara Solutions TREJHARA	Computers - Software & Consulting	₹ 283.81 Cr.	+107.2%	+614.9%	21.9	−16.7%
ABM Knowledgeware ABMKNO	Software Products	₹ 278.93 Cr.	+4.2%	−6.7%	33	−27.8%
Alphalogic Techsys 542770	Computers - Software & Consulting	₹ 267.18 Cr.	−11.5%	+5.6%	43.5	−11.2%
Fidel Softech FIDEL	Computers - Software & Consulting	₹ 240.63 Cr.	+127.9%	−12.4%	17.4	+4.9%
All e Technologies ALLETEC	Computers - Software & Consulting	₹ 237.28 Cr.	+9.1%	−19.9%	9.4	−17.6%
ACE Software Exports 531525	Software Products	₹ 235.59 Cr.	+7.8%	−2.5%	78.8	+29.1%
Focus Business Solution 543312	Computers - Software & Consulting	₹ 218.61 Cr.	+4%	−15.6%	251.3	+53.8%
Equippp Social Impact Technologies EQUIPPP	Computers - Software & Consulting	₹ 212.37 Cr.	+33.8%	+15.4%	114	−14.4%
Aion-Tech Solutions GOLDTECH	Software Products	₹ 203.3 Cr.	+40.4%	Loss	38.7	−27.4%
Capitalnumbers Infotech 544343	Computers - Software & Consulting	₹ 176.72 Cr.	+10.6%	0%	9	−19%
Naapbooks 543351	Computers - Software & Consulting	₹ 174.91 Cr.	+35.2%	+359.6%	22.3	+19%
Trident Techlabs TECHLABS	Computers - Software & Consulting	₹ 172.81 Cr.	−47.5%	Loss	28.4	−22%
Kratikal Tech Ltd 544811	Computers - Software & Consulting	₹ 172.05 Cr.	—	—	29	−7.5%
Empower India EMPOWER	Computers - Software & Consulting	₹ 165.26 Cr.	+40.8%	+776.5%	8.6	−47.1%
DRC Systems India DRCSYSTEMS	Computers - Software & Consulting	₹ 163.53 Cr.	+27.8%	+27.8%	7.6	−18.3%	Strong results
Silverline Tech 500389	Software Products	₹ 154.04 Cr.	−100%	−100%	3.8	—
Canarys Automations CANARYS	Computers - Software & Consulting	₹ 150.68 Cr.	+120.5%	+20%	10.9	+25.9%
Atishay 538713	Software Products	₹ 149.75 Cr.	+10.8%	−92.7%	26.7	−16.5%
SecMark Consultancy SECMARK	Computers - Software & Consulting	₹ 146.25 Cr.	+55.6%	Loss	44.5	+19.9%
Trigyn Technologies TRIGYN	Computers - Software & Consulting	₹ 145.73 Cr.	+12.6%	—	13.2	−13.8%
MethodHub Software 544637	Computers - Software & Consulting	₹ 140.42 Cr.	—	—	4.4	−0.1%
GTT Data Solutions 530457	Computers - Software & Consulting	₹ 138.05 Cr.	+29.9%	Loss	20.4	−41.6%
ENS Enterprises Ltd 544876	Computers - Software & Consulting	₹ 137.64 Cr.	—	—	16.4	—
Virinchi VIRINCHI	Software Products	₹ 130.46 Cr.	−12.1%	Loss	32.7	−16.6%	Rating outlook cut
New Markets Avenue Ltd 508867	Software Products	₹ 126.15 Cr.	−100%	Loss	44	—
delaPlex DELAPLEX	Computers - Software & Consulting	₹ 122.36 Cr.	—	—	9.5	+59%
Avance Technologies AVANCE	Software Products	₹ 118.91 Cr.	+62.1%	+52.5%	8.4	—
Xelpmoc Design and Tech XELPMOC	Software Products	₹ 118.58 Cr.	+23.1%	Loss	778.1	−0.1%
Gvp Infotech GVPTECH	Computers - Software & Consulting	₹ 117.05 Cr.	−99.3%	+74.8%	3	−5.2%
Shradha AI Technologies 543976	Computers - Software & Consulting	₹ 116.85 Cr.	−38.5%	−32.4%	12.1	−20.3%
Artificial Electronics Intelligent Material Ltd 526443	Software Products	₹ 109.27 Cr.	+614.3%	+1,200%	2.2	−58.8%
Mobilise App Lab MOBILISE	Software Products	₹ 99.88 Cr.	—	—	18.8	−7.6%
California Software Company CALSOFT	Computers - Software & Consulting	₹ 97.96 Cr.	+327.7%	+2,105.3%	15.8	+35.9%
Cranes Software International 512093	Software Products	₹ 95.79 Cr.	−1.6%	Loss	17.5	+40.6%
Globalspace Technologies 540654	Computers - Software & Consulting	₹ 81.94 Cr.	+66.7%	+337.5%	24.2	−7.8%
Athena Global Technologies 517429	Computers - Software & Consulting	₹ 79.4 Cr.	+57.3%	Loss	0.6	−9.2%
Identixweb 544388	Computers - Software & Consulting	₹ 78.3 Cr.	+116.7%	+59.9%	14.6	+8.1%
Cambridge Technology Enterprises CTE	Computers - Software & Consulting	₹ 72.69 Cr.	−3.8%	+1,100%	10.4	+22.1%
CG Vak Software & Exports Ltd CGVAK	Computers - Software & Consulting	₹ 68.26 Cr.	−2.4%	−31%	6.6	—
Edvenswa Enterprises 517170	Computers - Software & Consulting	₹ 66.34 Cr.	−10.4%	−89.8%	15.3	+13.5%
Odyssey Technologies 530175	Software Products	₹ 65.65 Cr.	−4.5%	−59.3%	43.3	+6.5%
Bits 526709	Software Products	₹ 63.99 Cr.	+41.9%	+128.6%	80.7	−16.8%
Cura Technologies CURAA	Computers - Software & Consulting	₹ 63.96 Cr.	−64.3%	Loss	65.1	−11.5%
Paramatrix Technologies PARAMATRIX	Computers - Software & Consulting	₹ 60.76 Cr.	+4.2%	Loss	24.4	+3.4%
Aris Interna. 531677	Computers - Software & Consulting	₹ 60 Cr.	−33.3%	+100%	416.7	—
Accel 517494	Computers - Software & Consulting	₹ 57.49 Cr.	+11.9%	Loss	12.6	−20.3%
Trust Fintech TRUST	Software Products	₹ 55.63 Cr.	+32.6%	−24.7%	7.1	−10%
Sagarsoft (India) 540143	Computers - Software & Consulting	₹ 54.65 Cr.	+34.3%	—	41.9	+21.8%
AccelerateBS India 543938	Computers - Software & Consulting	₹ 47.11 Cr.	—	—	72.5	—
Netlink Solutions India Ltd 509040	Software Products	₹ 44.72 Cr.	−100%	−75.3%	61.7	−1.2%
SOFCOM Systems 538923	Computers - Software & Consulting	₹ 44.18 Cr.	—	Loss	89.8	−6.8%
StarCom Information Technology 531616	Computers - Software & Consulting	₹ 44.02 Cr.	−24.1%	Loss	315.7	—
S A Tech Software India SATECH	Computers - Software & Consulting	₹ 43.74 Cr.	+96.9%	−25%	20.8	+32.6%
Austere Systems 544505	Computers - Software & Consulting	₹ 40.87 Cr.	—	—	8.2	−10.7%
Orchasp ORCHASP	Computers - Software & Consulting	₹ 40.19 Cr.	−73.2%	−48.1%	50.9	−29.9%
B2B Software Technologies 531268	Software Products	₹ 34.55 Cr.	+14.2%	+41.5%	11	−17.8%
IEC Education 531840	Software Products	₹ 32.96 Cr.	—	Loss	72.7	+7%
ECS Biztech Ltd 540063	Computers - Software & Consulting	₹ 28.49 Cr.	−100%	Loss	646.5	—
Yudiz Solutions YUDIZ	Computers - Software & Consulting	₹ 27.66 Cr.	—	—	42.5	+16.5%
Micropro Software Solutions MICROPRO	Computers - Software & Consulting	₹ 24.88 Cr.	−30.9%	−84%	9.6	−7.1%
Mudunuru 538743	Computers - Software & Consulting	₹ 22.28 Cr.	−15.1%	Loss	45.8	−25.5%
Senthil Infotek 531980	Computers - Software & Consulting	₹ 22.25 Cr.	−25%	Loss	2,019	—
Olatech Solutions 543578	Software Products	₹ 21.58 Cr.	+20%	Loss	13.2	−11.9%
Accedere 531533	Computers - Software & Consulting	₹ 20.73 Cr.	+32.9%	+40%	26.6	−43.6%
Logiciel Solutions 544625	Computers - Software & Consulting	₹ 20.34 Cr.	—	Loss	8.6	−16.5%
Quicktouch Technologies QUICKTOUCH	Computers - Software & Consulting	₹ 17.05 Cr.	−110%	Loss	11.7	−41%
Response Informatics 538273	Software Products	₹ 15.84 Cr.	+8.6%	—	6.4	−3.2%
Niks Technology Limited 543282	Computers - Software & Consulting	₹ 15.23 Cr.	−62.4%	−41.7%	76.1	—
Infronics Systems 537985	Software Products	₹ 14.64 Cr.	—	Loss	156	−7.2%
COSYN 538922	Software Products	₹ 14.62 Cr.	+49.3%	0%	121.9	−3.6%
First Fintec 532379	Software Products	₹ 13.27 Cr.	−13.8%	+20%	1.3	+78.6%
TeleCanor Global Ltd 530595	Software Products	₹ 12.88 Cr.	—	—	4.8	−43.3%
Indo City Infotech Ltd 532100	Software Products	₹ 12.48 Cr.	+826.3%	+20.5%	32.8	+6.6%
Continental Chemicals 506935	Software Products	₹ 12.3 Cr.	0%	−14.3%	25.1	−3%
Hit Kit Global Solutions 532359	Software Products	₹ 11.37 Cr.	+95%	0%	124	+9.7%
Groarc Industries India 532315	Software Products	₹ 11.36 Cr.	+2,564.6%	Loss	5.3	−2.1%
Svam Software 523722	Software Products	₹ 10.66 Cr.	+566.7%	Loss	360.3	+13.3%
Clio Infotech 530839	Software Products	₹ 9.81 Cr.	+228.6%	—	14	−27.1%
Southern Infoconsultants 540174	Computers - Software & Consulting	₹ 9.54 Cr.	−51.1%	Loss	54	−10.5%
Quintegra Solutions QUINTEGRA	Computers - Software & Consulting	₹ 7.36 Cr.	—	Loss	23.6	—
Hindustan Bio Sciences 532041	Software Products	₹ 7.07 Cr.	−100%	Loss	62.2	−0.4%
ObjectOne Information Systems Ltd 535657	Computers - Software & Consulting	₹ 6.96 Cr.	+7.6%	—	3.4	+9.8%
Space Incubatrics Technologies 541890	Computers - Software & Consulting	₹ 6.23 Cr.	—	Loss	207.7	0%
Mahaveer Infoway 539383	Computers - Software & Consulting	₹ 5.9 Cr.	−100%	Loss	11.7	−32.9%
Wherrelz IT 543436	Computers - Software & Consulting	₹ 5.26 Cr.	—	—	360.4	—
Nihar Info Global 531083	Software Products	₹ 4.79 Cr.	+68.7%	−100%	6.9	−18.2%
Seshachal Technologies 531794	Software Products	₹ 4.45 Cr.	+73.5%	−40%	539.8	—
Sparc Electrex 531370	Computers - Software & Consulting	₹ 4 Cr.	−100%	Loss	224.3	−13%
Women Networks Ltd 531396	Software Products	₹ 3.71 Cr.	—	Loss	85.7	−0.2%
T Spiritual World 532444	Software Products	₹ 3.42 Cr.	—	Loss	5.5	−10.2%

Figures are medians and shares of companies, so one giant company cannot outweigh the rest. Results compare each company's latest quarter with the same quarter a year earlier; ratings and announcements cover the last 90 days (announcements are read by AI and can be wrong). This page adds up published data; it is not a recommendation to buy or sell anything.