Is the IT Product Companies sector outperforming NIFTY 500?
The 52-week sector comparison is unavailable. 4 of 9 covered companies currently have positive Mansfield relative strength versus NIFTY 500.
20-quarter listed-company comparison
IT Product Companies Stocks in India
IT Product Companies: Oracle Financial Services Software Ltd owns the largest revenue base; Rategain Travel Technologies Ltd has the fastest current growth.
Nifty IT Product Companies Index — Constituents & Performance
The IT Product Companies companies below are the listed Indian IT Product Companies universe this page tracks — the same constituent set people search for as the Nifty IT Product Companies index. Every figure is equal-weighted across those companies, so one large constituent cannot set the reading. Each number carries its own as-of date.
The sector itself · before any single company
How has IT Product Companies moved against NIFTY 500?
The line below covers 5.1 years. Over the most recent two of them this sector is 14% behind NIFTY 500. Earnings across its companies grew 6% on average over the last four reported quarters — close to flat. It has been ahead of NIFTY 500 on a rolling three-month view for 13 weeks running.
BREAKING OUT · ahead 13w~Moving with the index6 of 9 companies ahead of NIFTY 500 by 5% or more over three months1 is 20% or more behind over a year while earnings grew 20% or more
RS ↑13w · 4/9 >200d (+0) · 6/9 lead (+1) · EPS 4/9↑
IT Product Companies, equal-weighted, based at 200
NIFTY 500, same base, same start
trailing 12-month earnings per share rising
falling
Strength anatomy
Broadening down the ladderHow much of the sector is participating, how recently, and whether the movers score well.
Together6 of 9 stocks moving
Fresh1 crossed in the last 4 weeks
Backed by scoresmovers score +1 vs the sector average
Down the cap ladder — bar is now, tick is four weeks ago
Large
2/20
Mid
3/3+1
Small
1/40
Participation is spreading downward — the mid and small companies added more this month than the large ones did.
Both lines start at 200 in the same week, so the distance between them is the whole story: the sector line is an equal-weighted index of its 9 companies. The bars underneath are trailing 12-month earnings per share, one bar per reported quarter, each member rebased to 100 at the start and the sector taking the median — so a price line pulling away from flat bars is a re-rating, not earnings. A bar turns red when that figure is lower than the quarter before. Rules are fixed and applied identically everywhere on this site: ahead by 5% or more over three months, or behind by 20% or more over a year while earnings grew 20% or more. Hover any point to read both values and the gap. This is a description of what the numbers did, not advice.
Sector relative strength · before individual stocks
Is IT Product Companies outperforming NIFTY 500?
The 52-week comparison of IT Product Companies against NIFTY 500 is not available from the current market series. 4 of 9 covered companies currently beat NIFTY on Mansfield relative strength, so leadership inside the sector is selective. Rategain Travel Technologies Ltd is the strongest against the sector itself at +33.9%. Readings are as of 2026-07-19.
—Sector vs NIFTY 500 · 13 weeks
—Sector vs NIFTY 500 · 52 weeks
4/9Stocks leading NIFTY 500
5/9Stocks leading sector
Sector metric: 61.3 as of 2026-07-19 · CONSOLIDATION · falling.
The central tension: the companies with the most scale are not necessarily the companies creating the most change.
Start with scale. Then earnings trajectory. Then business quality. Only after those three agree should price leadership carry much weight.
Bottom line
The 52-week sector comparison is unavailable. 4 of 9 covered companies currently have positive Mansfield relative strength versus NIFTY 500. Oracle Financial Services Software Ltd leads with revenue of ₹8,945 crore, based on 9 of 9 comparable companies through Jun 2026. Rategain Travel Technologies Ltd has the fastest current revenue growth at 69.4%, across 9 of 9 comparable companies.
Which IT Product Companies company is largest by revenue?
Oracle Financial Services Software Ltd leads with revenue of ₹8,945 crore, based on 9 of 9 comparable companies through Jun 2026.
Which IT Product Companies company is growing fastest?
Rategain Travel Technologies Ltd has the fastest current revenue growth at 69.4%, across 9 of 9 comparable companies.
Which IT Product Companies company has the strongest 4-Factor Sector Score?
Oracle Financial Services Software Ltd ranks first at 69.1/100 with 100% evidence confidence. The score prioritizes research; it is not a buy recommendation.
Which IT Product Companies company reports the most CAPEX?
Oracle Financial Services Software Ltd reports the largest latest CAPEX at ₹3 crore, with 2 of 9 companies comparable.
Which IT Product Companies company has the least gross debt?
Nucleus Software Exports Ltd has the lowest comparable gross debt at ₹9 crore. Rategain Travel Technologies Ltd has the highest at ₹949 crore.
Which IT Product Companies company has the lowest comparable PEG?
Newgen Software Technologies Ltd has the lowest comparable Guarded PEG at 0.73, among 6 of 9 companies that pass the metric’s comparability rules.
How much history does this IT Product Companies comparison include?
The page compares up to 20 reported quarters per company for fundamentals, CAPEX, debt and valuation, ending Jun 2026. Missing observations remain blank rather than being estimated.
How is the 4-Factor Sector Score calculated?
The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral.
Companies
9
complete canonical membership
Combined market value
₹1.3 L Cr
Oracle Financial Services Software Ltd
Revenue growing
9/9
positive TTM year-on-year growth
Beating NIFTY 500
4/9
positive Mansfield relative strength
Global company selection
00 · research priority, made explicit
4-Factor Sector Score
An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment.
Growth & earnings · 35%Capital efficiency · 25%Valuation · 20%Relative strength · 20%
Oracle Financial Services Software Ltd has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 100% evidence confidence.
Newgen Software Technologies Ltd looks inexpensive relative to peers or its own history, but its earnings trajectory has not yet earned the valuation signal.
Rategain Travel Technologies Ltd has stronger price confirmation than earnings confirmation; that is a research prompt, not permission to chase.
Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is guarded: positive earnings, positive 5–60% three-year EPS growth, and a positive P/E are required.
1. Oracle Financial Services Software Ltd · OFSS
69.1/100 · Favorable setup · 100% evidence
Exact sum: 30.4 + 20.4 + 2.5 + 15.8 = 69.1
Decision use: Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence.
30.4/35Growth & earnings
Revenue 28.6% · PAT 42% · OPM change 14 pp
100% evidence
20.4/25Capital efficiency
ROCE 45.3% · debt/equity 0×
100% evidence
2.5/20Valuation
P/E 27.2× · PEG 3.37
100% evidence
15.8/20Relative strength
RS sector 24.3% · RS bench 37.4% · 1Y 33.9%
100% evidence
2. Ramco Systems Ltd · RAMCOSYS
59.1/100 · Mixed-positive evidence · 77% evidence
Exact sum: 23.7 + 11.3 + 9.3 + 14.8 = 59.1
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
23.7/35Growth & earnings
Revenue 15.7% · PAT 100% · OPM change -3.3 pp
100% evidence
11.3/25Capital efficiency
ROCE 19.3% · debt/equity 0.12×
100% evidence
9.3/20Valuation
P/E 42.4× · PEG —
15% evidence
14.8/20Relative strength
RS sector 7% · RS bench 52.8% · 1Y 99.3%
70% evidence
3. Rategain Travel Technologies Ltd · RATEGAIN
56.3/100 · Mixed-positive evidence · 96% evidence
Exact sum: 15.9 + 9 + 11.8 + 19.6 = 56.3
Decision use: Price leads the evidence: RS versus the benchmark is 47.8%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
15.9/35Growth & earnings
Revenue 69.4% · PAT -7.2% · OPM change -2 pp
88% evidence
9.0/25Capital efficiency
ROCE 13.7% · debt/equity 0.47×
100% evidence
11.8/20Valuation
P/E 48.2× · PEG 1.03
100% evidence
19.6/20Relative strength
RS sector 33.9% · RS bench 47.8% · 1Y 104.1%
100% evidence
4. Zaggle Prepaid Ocean Services Ltd · ZAGGLE
56.1/100 · Mixed-positive evidence · 96% evidence
Exact sum: 28.9 + 9.5 + 17.7 + 0 = 56.1
Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -36.3% and the one-year return is -49.5%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth.
28.9/35Growth & earnings
Revenue 46.3% · PAT 58% · OPM change 0 pp
88% evidence
9.5/25Capital efficiency
ROCE 14% · debt/equity 0.04×
100% evidence
17.7/20Valuation
P/E 19.5× · PEG 0.96
100% evidence
0.0/20Relative strength
RS sector -36.3% · RS bench -30.1% · 1Y -49.5%
100% evidence
5. Newgen Software Technologies Ltd · NEWGEN
52.1/100 · Mixed-positive evidence · 94% evidence
Exact sum: 15.7 + 17.1 + 15.2 + 4.1 = 52.1
Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity.
15.7/35Growth & earnings
Revenue 7.9% · PAT -0.9% · OPM change 2 pp
100% evidence
17.1/25Capital efficiency
ROCE 25% · debt/equity 0.02×
100% evidence
15.2/20Valuation
P/E 21× · PEG 0.73
100% evidence
4.1/20Relative strength
RS sector -32.6% · RS bench -20.2% · 1Y -43.1%
70% evidence
6. Intellect Design Arena Ltd · INTELLECT
49.3/100 · Mixed-negative evidence · 90% evidence
Exact sum: 17.7 + 15.5 + 10.4 + 5.7 = 49.3
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
17.7/35Growth & earnings
Revenue 21.5% · PAT 2.7% · OPM change -6 pp
88% evidence
15.5/25Capital efficiency
ROCE 16% · debt/equity 0.05×
100% evidence
10.4/20Valuation
P/E 27.9× · PEG 1.79
100% evidence
5.7/20Relative strength
RS sector -8.3% · RS bench -13.2% · 1Y -35.1%
70% evidence
7. Accelya Solutions India Ltd · ACCELYA
48.8/100 · Mixed-negative evidence · 77% evidence
Exact sum: 6.7 + 16.1 + 13.8 + 12.2 = 48.8
Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity.
6.7/35Growth & earnings
Revenue 2.3% · PAT -20.8% · OPM change -9 pp
83% evidence
16.1/25Capital efficiency
ROCE 53.6% · debt/equity 0.33×
95% evidence
13.8/20Valuation
P/E 16.6× · PEG —
50% evidence
12.2/20Relative strength
RS sector 11.7% · RS bench -10.8% · 1Y -18%
70% evidence
8. Nucleus Software Exports Ltd · NUCLEUS
42.8/100 · Mixed-negative evidence · 77% evidence
Exact sum: 7.3 + 16.1 + 9.5 + 9.9 = 42.8
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
7.3/35Growth & earnings
Revenue 5.4% · PAT -28.2% · OPM change -17 pp
83% evidence
16.1/25Capital efficiency
ROCE 16.8% · debt/equity 0.01×
95% evidence
9.5/20Valuation
P/E 16.9× · PEG —
50% evidence
9.9/20Relative strength
RS sector 5.2% · RS bench -16.2% · 1Y -31.9%
70% evidence
9. Network People Services Technologies Ltd · NPST
36.9/100 · Mixed-negative evidence · 96% evidence
Exact sum: 8.4 + 14.6 + 2.6 + 11.3 = 36.9
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
8.4/35Growth & earnings
Revenue 13.3% · PAT -6.8% · OPM change -12 pp
88% evidence
14.6/25Capital efficiency
ROCE 19.7% · debt/equity 0.03×
100% evidence
2.6/20Valuation
P/E 77.6× · PEG 7.32
100% evidence
11.3/20Relative strength
RS sector -7.4% · RS bench 1% · 1Y -16.8%
100% evidence
01 · compare level, then change
Revenue Scale & Growth Durability
Oracle Financial Services Software Ltd has the highest Revenue among the 9 IT Product Companies companies compared here, at ₹8,945 crore. Intellect Design Arena Ltd is next at ₹3,038 crore. Rategain Travel Technologies Ltd has the highest Revenue growth at 69.4%, so level and change sit with different companies. Its Revenue series carries 20 reported observations across the 20-quarter window.
What the numbers say: Oracle Financial Services Software Ltd is the scale leader at ₹8,945 crore, 194.4% ahead of Intellect Design Arena Ltd. Rategain Travel Technologies Ltd's growth is 69.4% from a ₹1,824 crore base, with 19 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.
LeaderOracle Financial Services Software Ltd · ₹8,945 crore
Gap194.4% versus #2 · Intellect Design Arena Ltd
Persistence7/8 recent comparable periods
Coverage9/9 companies · 160 observations
Investor read: Oracle Financial Services Software Ltd is the scale benchmark; Rategain Travel Technologies Ltd is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.
This conclusion weakens if: Oracle Financial Services Software Ltd's growth falls below Rategain Travel Technologies Ltd's for two consecutive comparable reports while operating margin also compresses.
Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress.
Revenuelargest
1Oracle Financial Services Software Ltd OFSS₹8.9K Cr
2Intellect Design Arena Ltd INTELLECT₹3.0K Cr
3Zaggle Prepaid Ocean Services Ltd ZAGGLE₹1.9K Cr
4Rategain Travel Technologies Ltd RATEGAIN₹1.8K Cr
5Newgen Software Technologies Ltd NEWGEN₹1.6K Cr
Revenue growthfastest growers
1Rategain Travel Technologies Ltd RATEGAIN69%
2Zaggle Prepaid Ocean Services Ltd ZAGGLE46%
3Oracle Financial Services Software Ltd OFSS29%
4Intellect Design Arena Ltd INTELLECT22%
5Ramco Systems Ltd RAMCOSYS16%
Revenue · company comparison
9/9 level · 9/9 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
| Company | Revenue | Revenue growth | Reported |
|---|---|---|---|
| Oracle Financial Services Software Ltd OFSS | ₹3.1K Cr | 69% | Jun 2026 |
| Intellect Design Arena Ltd INTELLECT | ₹847 Cr | 17% | Mar 2026 |
| Rategain Travel Technologies Ltd RATEGAIN | ₹716 Cr | 174% | Mar 2026 |
| Zaggle Prepaid Ocean Services Ltd ZAGGLE | ₹618 Cr | 50% | Mar 2026 |
| Newgen Software Technologies Ltd NEWGEN | ₹357 Cr | 11% | Jun 2026 |
| Nucleus Software Exports Ltd NUCLEUS⚠ unverified | ₹225 Cr | -1.8% | Mar 2026 |
| Ramco Systems Ltd RAMCOSYS | ₹173 Cr | 7.1% | Jun 2026 |
| Accelya Solutions India Ltd ACCELYA⚠ unverified | ₹136 Cr | -0.7% | Mar 2026 |
| Network People Services Technologies Ltd NPST | ₹62 Cr | 138% | Mar 2026 |
Full 20-quarter history · every available company
Revenue · reported quarter history
Accelya Solutions India Ltd · ACCELYA⚠ unverified
—
—
—
—
—
₹112 Cr
₹119 Cr
₹122 Cr
₹127 Cr
₹125 Cr
₹131 Cr
₹128 Cr
₹127 Cr
₹133 Cr
₹137 Cr
₹132 Cr
₹136 Cr
₹133 Cr
₹136 Cr
—
Intellect Design Arena Ltd · INTELLECT
₹452 Cr
₹508 Cr
₹509 Cr
₹541 Cr
₹528 Cr
₹547 Cr
₹616 Cr
₹639 Cr
₹619 Cr
₹634 Cr
₹614 Cr
₹606 Cr
₹558 Cr
₹610 Cr
₹726 Cr
₹702 Cr
₹758 Cr
₹731 Cr
₹847 Cr
—
Network People Services Technologies Ltd · NPST
₹4 Cr
₹5 Cr
₹7 Cr
₹3 Cr
₹6 Cr
₹10 Cr
₹21 Cr
₹24 Cr
₹28 Cr
₹31 Cr
₹44 Cr
₹59 Cr
₹67 Cr
₹21 Cr
₹26 Cr
₹34 Cr
₹47 Cr
₹53 Cr
₹62 Cr
—
Newgen Software Technologies Ltd · NEWGEN
₹185 Cr
₹203 Cr
₹231 Cr
₹188 Cr
₹226 Cr
₹255 Cr
₹305 Cr
₹252 Cr
₹293 Cr
₹324 Cr
₹375 Cr
₹315 Cr
₹361 Cr
₹381 Cr
₹430 Cr
₹321 Cr
₹401 Cr
₹400 Cr
₹453 Cr
₹357 Cr
Nucleus Software Exports Ltd · NUCLEUS⚠ unverified
—
—
—
—
—
₹169 Cr
₹206 Cr
₹207 Cr
₹205 Cr
₹204 Cr
₹210 Cr
₹195 Cr
₹202 Cr
₹206 Cr
₹229 Cr
₹218 Cr
₹214 Cr
₹220 Cr
₹225 Cr
—
Oracle Financial Services Software Ltd · OFSS
₹1.3K Cr
₹1.3K Cr
₹1.3K Cr
₹1.4K Cr
₹1.4K Cr
₹1.4K Cr
₹1.5K Cr
₹1.5K Cr
₹1.4K Cr
₹1.8K Cr
₹1.6K Cr
₹1.7K Cr
₹1.7K Cr
₹1.7K Cr
₹1.7K Cr
₹1.9K Cr
₹1.8K Cr
₹2.0K Cr
₹2.1K Cr
₹3.1K Cr
Ramco Systems Ltd · RAMCOSYS
₹141 Cr
₹126 Cr
₹124 Cr
₹120 Cr
₹119 Cr
₹128 Cr
₹126 Cr
₹140 Cr
₹127 Cr
₹128 Cr
₹131 Cr
₹137 Cr
₹143 Cr
₹157 Cr
₹155 Cr
₹161 Cr
₹176 Cr
₹179 Cr
₹185 Cr
₹173 Cr
Rategain Travel Technologies Ltd · RATEGAIN
₹85 Cr
₹99 Cr
₹110 Cr
₹119 Cr
₹125 Cr
₹138 Cr
₹183 Cr
₹214 Cr
₹235 Cr
₹252 Cr
₹256 Cr
₹260 Cr
₹277 Cr
₹279 Cr
₹261 Cr
₹273 Cr
₹295 Cr
₹540 Cr
₹716 Cr
—
Zaggle Prepaid Ocean Services Ltd · ZAGGLE
—
—
—
—
₹130 Cr
₹148 Cr
₹187 Cr
₹118 Cr
₹184 Cr
₹200 Cr
₹273 Cr
₹252 Cr
₹303 Cr
₹337 Cr
₹412 Cr
₹332 Cr
₹432 Cr
₹526 Cr
₹618 Cr
—
Revenue growth · reported quarter history
Accelya Solutions India Ltd · ACCELYA⚠ unverified
—
—
—
—
—
—
—
—
—
12%
10%
4.9%
0.0%
6.4%
4.6%
3.1%
7.1%
0.0%
-0.7%
—
Intellect Design Arena Ltd · INTELLECT
—
—
—
33%
17%
7.7%
21%
18%
17%
16%
-0.3%
-5.2%
-9.9%
-3.8%
18%
16%
36%
20%
17%
—
Network People Services Technologies Ltd · NPST
—
—
—
-25%
50%
100%
200%
700%
367%
210%
110%
146%
139%
-32%
-41%
-42%
-30%
152%
138%
—
Newgen Software Technologies Ltd · NEWGEN
—
—
—
—
22%
26%
32%
34%
30%
27%
23%
25%
23%
18%
15%
1.9%
11%
5.0%
5.4%
11%
Nucleus Software Exports Ltd · NUCLEUS⚠ unverified
—
—
—
—
—
—
—
—
—
21%
1.9%
-5.8%
-1.5%
1.0%
9.1%
12%
5.9%
6.8%
-1.8%
—
Oracle Financial Services Software Ltd · OFSS
—
—
—
0.4%
7.4%
14%
15%
4.3%
4.9%
26%
12%
19%
16%
-6.0%
4.5%
6.4%
6.9%
15%
20%
69%
Ramco Systems Ltd · RAMCOSYS
—
—
—
-14%
-16%
1.2%
1.6%
16%
6.6%
0.6%
4.1%
-1.8%
12%
22%
18%
18%
23%
14%
19%
7.1%
Rategain Travel Technologies Ltd · RATEGAIN
—
—
—
59%
47%
39%
66%
80%
88%
83%
40%
22%
18%
11%
2.0%
5.0%
6.5%
94%
174%
—
Zaggle Prepaid Ocean Services Ltd · ZAGGLE
—
—
—
—
—
—
—
—
42%
35%
46%
114%
65%
69%
51%
32%
43%
56%
50%
—
02 · compare level, then change
Operating Economics & Margin Trend
Oracle Financial Services Software Ltd has the highest OPM among the 9 IT Product Companies companies compared here, at 60%. Accelya Solutions India Ltd is next at 25%. The same company also holds the highest Margin change, at +14 percentage points. 9 of 9 companies report a comparable reading, the latest through Jun 2026.
What the numbers say: Oracle Financial Services Software Ltd leads both opm at 60% and margin change at +14 percentage points.
LeaderOracle Financial Services Software Ltd · 60%
Gap140% versus #2 · Accelya Solutions India Ltd
Persistence3/8 recent comparable periods
Coverage9/9 companies · 171 observations
Investor read: Oracle Financial Services Software Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.
This conclusion weakens if: The next two comparable reports reverse the current margin change signal.
Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth.
OPMhighest
1Oracle Financial Services Software Ltd OFSS60%
2Accelya Solutions India Ltd ACCELYA⚠ unverified25%
3Intellect Design Arena Ltd INTELLECT22%
4Network People Services Technologies Ltd NPST21%
5Rategain Travel Technologies Ltd RATEGAIN21%
Margin changefastest expanders
1Oracle Financial Services Software Ltd OFSS+14.0 pp
2Newgen Software Technologies Ltd NEWGEN+2.0 pp
3Zaggle Prepaid Ocean Services Ltd ZAGGLE0.0 pp
4Rategain Travel Technologies Ltd RATEGAIN−2.0 pp
5Ramco Systems Ltd RAMCOSYS−3.3 pp
Operating margin · company comparison
9/9 level · 9/9 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
| Company | OPM | Margin change | Reported |
|---|---|---|---|
| Oracle Financial Services Software Ltd OFSS | 60% | +14.0 pp | Jun 2026 |
| Accelya Solutions India Ltd ACCELYA⚠ unverified | 25% | −9.0 pp | Mar 2026 |
| Intellect Design Arena Ltd INTELLECT | 22% | −6.0 pp | Mar 2026 |
| Rategain Travel Technologies Ltd RATEGAIN | 21% | −2.0 pp | Mar 2026 |
| Network People Services Technologies Ltd NPST | 21% | −12.0 pp | Mar 2026 |
| Newgen Software Technologies Ltd NEWGEN | 16% | +2.0 pp | Jun 2026 |
| Nucleus Software Exports Ltd NUCLEUS⚠ unverified | 16% | −17.0 pp | Mar 2026 |
| Ramco Systems Ltd RAMCOSYS | 15% | −3.3 pp | Jun 2026 |
| Zaggle Prepaid Ocean Services Ltd ZAGGLE | 9.0% | 0.0 pp | Mar 2026 |
Full 20-quarter history · every available company
OPM · reported quarter history
Accelya Solutions India Ltd · ACCELYA⚠ unverified
31%
35%
37%
41%
45%
36%
37%
40%
38%
36%
38%
37%
38%
36%
34%
39%
36%
34%
25%
—
Intellect Design Arena Ltd · INTELLECT
26%
26%
24%
21%
15%
18%
22%
23%
19%
21%
22%
20%
15%
19%
28%
20%
20%
14%
22%
—
Network People Services Technologies Ltd · NPST
18%
17%
18%
27%
22%
33%
31%
31%
32%
33%
34%
35%
35%
31%
33%
29%
29%
27%
21%
—
Newgen Software Technologies Ltd · NEWGEN
25%
29%
29%
10%
17%
23%
32%
13%
20%
24%
33%
15%
23%
28%
32%
14%
26%
27%
34%
16%
Nucleus Software Exports Ltd · NUCLEUS⚠ unverified
4.3%
4.6%
16%
11%
8.8%
28%
40%
30%
25%
23%
28%
15%
16%
16%
33%
16%
11%
15%
16%
—
Oracle Financial Services Software Ltd · OFSS
49%
46%
43%
46%
41%
42%
44%
42%
39%
48%
45%
49%
45%
42%
45%
46%
42%
42%
51%
60%
Ramco Systems Ltd · RAMCOSYS
3.7%
-6.6%
-8.4%
-26%
-34%
-22%
-28%
-18%
-100%
-3.5%
1.6%
2.5%
12%
9.0%
27%
18%
22%
25%
24%
15%
Rategain Travel Technologies Ltd · RATEGAIN
4.7%
9.4%
14%
10.0%
14%
17%
18%
18%
20%
20%
21%
19%
22%
22%
23%
18%
18%
16%
21%
—
Zaggle Prepaid Ocean Services Ltd · ZAGGLE
—
—
—
12%
9.0%
5.0%
9.0%
7.0%
8.0%
10%
10%
9.0%
9.0%
9.0%
9.0%
9.0%
10%
10%
9.0%
—
Margin change · reported quarter history
Accelya Solutions India Ltd · ACCELYA⚠ unverified
+12.9 pp
+3.7 pp
+9.9 pp
+3.6 pp
+13.5 pp
+0.6 pp
−0.0 pp
−0.9 pp
−6.9 pp
0.0 pp
+1.0 pp
−3.0 pp
0.0 pp
0.0 pp
−4.0 pp
+2.0 pp
−2.0 pp
−2.0 pp
−9.0 pp
—
Intellect Design Arena Ltd · INTELLECT
+2.4 pp
+0.4 pp
−1.5 pp
−2.6 pp
−10.1 pp
−7.6 pp
−1.7 pp
+2.2 pp
+3.6 pp
+3.0 pp
0.0 pp
−3.0 pp
−4.0 pp
−2.0 pp
+6.0 pp
0.0 pp
+5.0 pp
−5.0 pp
−6.0 pp
—
Network People Services Technologies Ltd · NPST
−7.8 pp
—
+1.6 pp
+15.7 pp
+4.7 pp
+16.3 pp
+12.5 pp
+4.5 pp
+9.7 pp
0.0 pp
+3.0 pp
+4.0 pp
+3.0 pp
−2.0 pp
−1.0 pp
−6.0 pp
−6.0 pp
−4.0 pp
−12.0 pp
—
Newgen Software Technologies Ltd · NEWGEN
−1.4 pp
−8.5 pp
−4.0 pp
−4.0 pp
−8.5 pp
−5.6 pp
+2.9 pp
+2.7 pp
+3.4 pp
+1.0 pp
+1.0 pp
+2.0 pp
+3.0 pp
+4.0 pp
−1.0 pp
−1.0 pp
+3.0 pp
−1.0 pp
+2.0 pp
+2.0 pp
Nucleus Software Exports Ltd · NUCLEUS⚠ unverified
−20.3 pp
−16.8 pp
−9.3 pp
+9.9 pp
+4.5 pp
+23.4 pp
+23.7 pp
+18.6 pp
+16.2 pp
−5.0 pp
−12.0 pp
−15.0 pp
−9.0 pp
−7.0 pp
+5.0 pp
+1.0 pp
−5.0 pp
−1.0 pp
−17.0 pp
—
Oracle Financial Services Software Ltd · OFSS
+0.9 pp
−3.2 pp
−5.5 pp
−6.3 pp
−8.0 pp
−4.2 pp
+0.8 pp
−4.2 pp
−2.2 pp
+6.0 pp
+1.0 pp
+7.0 pp
+6.0 pp
−6.0 pp
0.0 pp
−3.0 pp
−3.0 pp
0.0 pp
+6.0 pp
+14.0 pp
Ramco Systems Ltd · RAMCOSYS
−23.7 pp
−37.0 pp
−28.7 pp
−33.8 pp
−37.8 pp
−15.8 pp
−19.6 pp
+7.3 pp
−65.8 pp
+19.0 pp
+29.6 pp
+20.8 pp
+111.5 pp
+12.4 pp
+25.1 pp
+15.5 pp
+10.8 pp
+16.2 pp
−2.4 pp
−3.3 pp
Rategain Travel Technologies Ltd · RATEGAIN
—
+15.1 pp
+12.8 pp
+7.4 pp
+9.4 pp
+7.6 pp
+3.8 pp
+8.0 pp
+5.9 pp
+3.0 pp
+3.0 pp
+1.0 pp
+2.0 pp
+2.0 pp
+2.0 pp
−1.0 pp
−4.0 pp
−6.0 pp
−2.0 pp
—
Zaggle Prepaid Ocean Services Ltd · ZAGGLE
—
—
—
—
—
—
—
−5.2 pp
−1.0 pp
+5.0 pp
+1.0 pp
+2.0 pp
+1.0 pp
−1.0 pp
−1.0 pp
0.0 pp
+1.0 pp
+1.0 pp
0.0 pp
—
03 · compare level, then change
Profit Scale & Acceleration
Oracle Financial Services Software Ltd has the highest Net profit among the 9 IT Product Companies companies compared here, at ₹3,414 crore. Intellect Design Arena Ltd is next at ₹343 crore. Ramco Systems Ltd has the highest Profit growth at the 100% top of the scoring scale, so level and change sit with different companies.
What the numbers say: Oracle Financial Services Software Ltd leads with ₹3,414 crore of TTM profit, 895.3% above Intellect Design Arena Ltd. Ramco Systems Ltd shows ≥100% on the scoring scale growth from a ₹42 crore profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.
LeaderOracle Financial Services Software Ltd · ₹3,414 crore
Gap895.3% versus #2 · Intellect Design Arena Ltd
Persistence6/8 recent comparable periods
Coverage9/9 companies · 160 observations
Investor read: Oracle Financial Services Software Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.
This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.
Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank.
Net profitlargest
1Oracle Financial Services Software Ltd OFSS₹3.4K Cr
2Intellect Design Arena Ltd INTELLECT₹343 Cr
3Newgen Software Technologies Ltd NEWGEN₹314 Cr
4Rategain Travel Technologies Ltd RATEGAIN₹194 Cr
5Zaggle Prepaid Ocean Services Ltd ZAGGLE₹139 Cr
Profit growthfastest growers
1Ramco Systems Ltd RAMCOSYS100%
2Zaggle Prepaid Ocean Services Ltd ZAGGLE58%
3Oracle Financial Services Software Ltd OFSS42%
4Intellect Design Arena Ltd INTELLECT2.7%
5Newgen Software Technologies Ltd NEWGEN-1.0%
Net profit · company comparison
9/9 level · 9/9 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
| Company | Net profit | Profit growth | Reported |
|---|---|---|---|
| Oracle Financial Services Software Ltd OFSS | ₹1.4K Cr | 121% | Jun 2026 |
| Intellect Design Arena Ltd INTELLECT | ₹120 Cr | -12% | Mar 2026 |
| Rategain Travel Technologies Ltd RATEGAIN | ₹70 Cr | 27% | Mar 2026 |
| Newgen Software Technologies Ltd NEWGEN | ₹63 Cr | 26% | Jun 2026 |
| Zaggle Prepaid Ocean Services Ltd ZAGGLE | ₹41 Cr | 32% | Mar 2026 |
| Nucleus Software Exports Ltd NUCLEUS⚠ unverified | ₹35 Cr | -46% | Mar 2026 |
| Accelya Solutions India Ltd ACCELYA⚠ unverified | ₹21 Cr | -30% | Mar 2026 |
| Network People Services Technologies Ltd NPST | ₹12 Cr | 140% | Mar 2026 |
| Ramco Systems Ltd RAMCOSYS | ₹1 Cr | -48% | Jun 2026 |
Full 20-quarter history · every available company
Net profit · reported quarter history
Accelya Solutions India Ltd · ACCELYA⚠ unverified
—
—
—
—
—
₹25 Cr
₹36 Cr
₹32 Cr
₹32 Cr
₹31 Cr
₹0 Cr
₹31 Cr
₹32 Cr
₹32 Cr
₹30 Cr
₹34 Cr
₹30 Cr
₹14 Cr
₹21 Cr
—
Intellect Design Arena Ltd · INTELLECT
₹79 Cr
₹101 Cr
₹95 Cr
₹69 Cr
₹46 Cr
₹63 Cr
₹91 Cr
₹94 Cr
₹71 Cr
₹85 Cr
₹73 Cr
₹75 Cr
₹52 Cr
₹71 Cr
₹136 Cr
₹94 Cr
₹102 Cr
₹27 Cr
₹120 Cr
—
Network People Services Technologies Ltd · NPST
₹0 Cr
₹0 Cr
₹1 Cr
₹0 Cr
₹1 Cr
₹2 Cr
₹4 Cr
₹5 Cr
₹5 Cr
₹7 Cr
₹10 Cr
₹16 Cr
₹18 Cr
₹5 Cr
₹5 Cr
₹7 Cr
₹10 Cr
₹12 Cr
₹12 Cr
—
Newgen Software Technologies Ltd · NEWGEN
₹37 Cr
₹48 Cr
₹57 Cr
₹19 Cr
₹30 Cr
₹47 Cr
₹80 Cr
₹30 Cr
₹48 Cr
₹68 Cr
₹105 Cr
₹48 Cr
₹70 Cr
₹89 Cr
₹108 Cr
₹50 Cr
₹82 Cr
₹63 Cr
₹106 Cr
₹63 Cr
Nucleus Software Exports Ltd · NUCLEUS⚠ unverified
—
—
—
—
—
₹38 Cr
₹68 Cr
₹54 Cr
₹45 Cr
₹41 Cr
₹52 Cr
₹30 Cr
₹33 Cr
₹35 Cr
₹65 Cr
₹35 Cr
₹26 Cr
₹21 Cr
₹35 Cr
—
Oracle Financial Services Software Ltd · OFSS
₹448 Cr
₹435 Cr
₹482 Cr
₹492 Cr
₹398 Cr
₹437 Cr
₹479 Cr
₹501 Cr
₹417 Cr
₹741 Cr
₹560 Cr
₹617 Cr
₹578 Cr
₹541 Cr
₹644 Cr
₹642 Cr
₹546 Cr
₹610 Cr
₹842 Cr
₹1.4K Cr
Ramco Systems Ltd · RAMCOSYS
₹-13 Cr
₹-25 Cr
₹-26 Cr
₹-51 Cr
₹-60 Cr
₹-50 Cr
₹-45 Cr
₹-47 Cr
₹-146 Cr
₹-26 Cr
₹-23 Cr
₹-20 Cr
₹-10 Cr
₹-10 Cr
₹5 Cr
₹1 Cr
₹13 Cr
₹3 Cr
₹25 Cr
₹1 Cr
Rategain Travel Technologies Ltd · RATEGAIN
₹-2 Cr
₹0 Cr
₹12 Cr
₹8 Cr
₹13 Cr
₹13 Cr
₹34 Cr
₹25 Cr
₹30 Cr
₹40 Cr
₹50 Cr
₹45 Cr
₹52 Cr
₹57 Cr
₹55 Cr
₹47 Cr
₹51 Cr
₹26 Cr
₹70 Cr
—
Zaggle Prepaid Ocean Services Ltd · ZAGGLE
—
—
—
—
₹8 Cr
₹1 Cr
₹8 Cr
₹2 Cr
₹8 Cr
₹15 Cr
₹19 Cr
₹17 Cr
₹20 Cr
₹20 Cr
₹31 Cr
₹26 Cr
₹35 Cr
₹37 Cr
₹41 Cr
—
Profit growth · reported quarter history
Accelya Solutions India Ltd · ACCELYA⚠ unverified
—
—
—
—
—
—
—
—
—
24%
-100%
-3.1%
0.0%
3.2%
—
9.7%
-6.3%
-56%
-30%
—
Intellect Design Arena Ltd · INTELLECT
—
—
—
-6.8%
-42%
-38%
-4.2%
36%
54%
35%
-20%
-20%
-27%
-16%
86%
25%
96%
-62%
-12%
—
Network People Services Technologies Ltd · NPST
—
—
—
—
—
—
300%
—
400%
250%
150%
220%
260%
-29%
-50%
-56%
-44%
140%
140%
—
Newgen Software Technologies Ltd · NEWGEN
—
—
—
—
-19%
-2.1%
40%
58%
60%
45%
31%
60%
46%
31%
2.9%
4.2%
17%
-29%
-1.9%
26%
Nucleus Software Exports Ltd · NUCLEUS⚠ unverified
—
—
—
—
—
—
—
—
—
7.9%
-24%
-44%
-27%
-15%
25%
17%
-21%
-40%
-46%
—
Oracle Financial Services Software Ltd · OFSS
—
—
—
-6.1%
-11%
0.5%
-0.6%
1.8%
4.8%
70%
17%
23%
39%
-27%
15%
4.1%
-5.5%
13%
31%
121%
Ramco Systems Ltd · RAMCOSYS
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
395%
-48%
Rategain Travel Technologies Ltd · RATEGAIN
—
—
—
—
—
—
183%
213%
131%
208%
47%
80%
73%
43%
10%
4.4%
-1.9%
-54%
27%
—
Zaggle Prepaid Ocean Services Ltd · ZAGGLE
—
—
—
—
—
—
—
—
0.0%
1,400%
138%
750%
150%
33%
63%
53%
75%
85%
32%
—
04 · compare level, then change
Capacity Spending & Returns On It
Oracle Financial Services Software Ltd has the highest CAPEX among the 9 IT Product Companies companies compared here, at ₹3 crore. Network People Services Technologies Ltd is next at ₹1 crore. Network People Services Technologies Ltd has the highest CAPEX intensity at 25%, so level and change sit with different companies.
What the numbers say: Oracle Financial Services Software Ltd reports ₹3 crore of CAPEX; Network People Services Technologies Ltd has the highest covered intensity at 25%. Coverage is only 2 of 9 companies and 20 reported observations, so this is partial evidence—not a complete sector rank.
LeaderOracle Financial Services Software Ltd · ₹3 crore
Gap200% versus #2 · Network People Services Technologies Ltd
Persistence8/8 recent comparable periods
Coverage2/9 companies · 20 observations
Investor read: Use the CAPEX rank as a diligence queue. Verify commissioning, utilization, cash conversion and post-investment ROCE before treating spend as value creation.
This conclusion weakens if: CAPEX rises without higher utilization, operating cash flow or incremental returns.
CAPEX is cash spent on property, plant, equipment and other reported capital assets. CAPEX intensity divides that spend by revenue; high intensity is a reinvestment signal, not proof that the reinvestment will earn attractive returns.
CAPEXlargest spenders
1Oracle Financial Services Software Ltd OFSS₹3 Cr
2Network People Services Technologies Ltd NPST₹1 Cr
CAPEX intensityhighest reinvestment intensity
1Network People Services Technologies Ltd NPST25%
2Oracle Financial Services Software Ltd OFSS0.1%
Capital expenditure · company comparison
2/9 level · 2/9 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
| Company | CAPEX | CAPEX intensity | Reported |
|---|---|---|---|
| Oracle Financial Services Software Ltd OFSS | ₹3 Cr | 0.1% | Jun 2026 |
| Network People Services Technologies Ltd NPST | ₹1 Cr | 25% | Mar 2026 |
Full 20-quarter history · every available company
CAPEX · reported quarter history
Network People Services Technologies Ltd · NPST
₹1 Cr
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
Oracle Financial Services Software Ltd · OFSS
₹10 Cr
₹8 Cr
₹13 Cr
₹10 Cr
₹14 Cr
₹3 Cr
₹11 Cr
₹7 Cr
₹12 Cr
₹7 Cr
₹4 Cr
₹16 Cr
₹7 Cr
₹2 Cr
₹11 Cr
₹25 Cr
₹22 Cr
₹3 Cr
₹3 Cr
—
CAPEX intensity · reported quarter history
Network People Services Technologies Ltd · NPST
25%
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
Oracle Financial Services Software Ltd · OFSS
0.8%
0.6%
1.0%
0.7%
1.0%
0.2%
0.7%
0.5%
0.8%
0.4%
0.2%
0.9%
0.4%
0.1%
0.6%
1.3%
1.2%
0.2%
0.1%
—
Annual capital allocation · 10-year view
9/9 capacity base · 9/9 OCF · 9/9 CAPEX · 9/9 FCF
Capacity base is net fixed assets plus capital work in progress, straight off the reported balance sheet. It is not cash spent, so it answers a narrower question than CAPEX — but it is reported for companies whose cash-flow CAPEX is not published, which is why it leads here. Missing years remain blank; annual values are never relabelled as quarters.
Full annual capacity base, operating cash flow, CAPEX and free cash flow history
Capacity base · net fixed assets + CWIP · fiscal-year history
Accelya Solutions India Ltd · ACCELYA⚠ unverified
₹63 Cr
₹69 Cr
₹72 Cr
₹143 Cr
₹134 Cr
₹103 Cr
₹91 Cr
₹69 Cr
₹97 Cr
—
Intellect Design Arena Ltd · INTELLECT
₹416 Cr
₹470 Cr
₹562 Cr
₹680 Cr
₹746 Cr
₹779 Cr
₹864 Cr
₹932 Cr
₹1.0K Cr
₹1.2K Cr
Network People Services Technologies Ltd · NPST
—
₹3 Cr
₹3 Cr
₹6 Cr
₹7 Cr
₹10 Cr
₹13 Cr
₹9 Cr
₹14 Cr
₹55 Cr
Newgen Software Technologies Ltd · NEWGEN
₹73 Cr
₹85 Cr
₹152 Cr
₹221 Cr
₹205 Cr
₹230 Cr
₹245 Cr
₹251 Cr
₹259 Cr
₹240 Cr
Nucleus Software Exports Ltd · NUCLEUS⚠ unverified
₹48 Cr
₹48 Cr
₹47 Cr
₹57 Cr
₹51 Cr
₹59 Cr
₹51 Cr
₹60 Cr
₹61 Cr
₹89 Cr
Oracle Financial Services Software Ltd · OFSS
₹871 Cr
₹840 Cr
₹864 Cr
₹963 Cr
₹884 Cr
₹875 Cr
₹848 Cr
₹808 Cr
₹805 Cr
₹798 Cr
Ramco Systems Ltd · RAMCOSYS
₹267 Cr
₹260 Cr
₹264 Cr
₹339 Cr
₹340 Cr
₹356 Cr
₹420 Cr
₹430 Cr
₹413 Cr
₹402 Cr
Rategain Travel Technologies Ltd · RATEGAIN
—
—
₹106 Cr
₹216 Cr
₹168 Cr
₹222 Cr
₹397 Cr
₹366 Cr
₹348 Cr
₹2.4K Cr
Zaggle Prepaid Ocean Services Ltd · ZAGGLE
—
—
—
₹8 Cr
₹7 Cr
₹14 Cr
₹40 Cr
₹73 Cr
₹190 Cr
₹285 Cr
Operating cash flow · fiscal-year history
Accelya Solutions India Ltd · ACCELYA⚠ unverified
₹93 Cr
₹111 Cr
₹87 Cr
₹131 Cr
₹87 Cr
₹118 Cr
₹133 Cr
₹156 Cr
₹145 Cr
—
Intellect Design Arena Ltd · INTELLECT
₹-65 Cr
₹49 Cr
₹-50 Cr
₹44 Cr
₹463 Cr
₹453 Cr
₹174 Cr
₹410 Cr
₹431 Cr
₹510 Cr
Network People Services Technologies Ltd · NPST
—
₹2 Cr
₹1 Cr
₹3 Cr
₹2 Cr
₹-7 Cr
₹24 Cr
₹51 Cr
₹29 Cr
₹-45 Cr
Newgen Software Technologies Ltd · NEWGEN
₹36 Cr
₹60 Cr
₹102 Cr
₹90 Cr
₹216 Cr
₹143 Cr
₹136 Cr
₹281 Cr
₹215 Cr
₹232 Cr
Nucleus Software Exports Ltd · NUCLEUS⚠ unverified
₹95 Cr
₹77 Cr
₹56 Cr
₹75 Cr
₹115 Cr
₹58 Cr
₹50 Cr
₹222 Cr
₹151 Cr
₹117 Cr
Oracle Financial Services Software Ltd · OFSS
₹1.1K Cr
₹1.2K Cr
₹1.4K Cr
₹1.5K Cr
₹1.9K Cr
₹1.9K Cr
₹1.8K Cr
₹1.8K Cr
₹2.2K Cr
₹2.6K Cr
Ramco Systems Ltd · RAMCOSYS
₹37 Cr
₹8 Cr
₹8 Cr
₹50 Cr
₹166 Cr
₹92 Cr
₹40 Cr
₹104 Cr
₹113 Cr
₹134 Cr
Rategain Travel Technologies Ltd · RATEGAIN
—
—
₹36 Cr
₹19 Cr
₹21 Cr
₹17 Cr
₹52 Cr
₹152 Cr
₹120 Cr
₹234 Cr
Zaggle Prepaid Ocean Services Ltd · ZAGGLE
—
—
—
₹-20 Cr
₹3 Cr
₹20 Cr
₹-16 Cr
₹-83 Cr
₹20 Cr
₹-51 Cr
CAPEX · reported cash flow · fiscal-year history
Accelya Solutions India Ltd · ACCELYA⚠ unverified
₹0 Cr
₹20 Cr
₹20 Cr
₹103 Cr
₹25 Cr
₹4 Cr
₹22 Cr
₹9 Cr
₹56 Cr
—
Intellect Design Arena Ltd · INTELLECT
₹116 Cr
₹81 Cr
₹134 Cr
₹187 Cr
₹143 Cr
₹131 Cr
₹207 Cr
₹205 Cr
₹258 Cr
₹367 Cr
Network People Services Technologies Ltd · NPST
—
—
₹1 Cr
₹4 Cr
₹3 Cr
₹5 Cr
₹7 Cr
₹6 Cr
₹12 Cr
₹50 Cr
Newgen Software Technologies Ltd · NEWGEN
₹15 Cr
₹18 Cr
₹73 Cr
₹89 Cr
₹4 Cr
₹43 Cr
₹40 Cr
₹34 Cr
₹41 Cr
₹18 Cr
Nucleus Software Exports Ltd · NUCLEUS⚠ unverified
₹4 Cr
₹7 Cr
₹9 Cr
₹24 Cr
₹8 Cr
₹23 Cr
₹11 Cr
₹24 Cr
₹16 Cr
₹44 Cr
Oracle Financial Services Software Ltd · OFSS
₹71 Cr
₹30 Cr
₹78 Cr
₹205 Cr
₹25 Cr
₹84 Cr
₹54 Cr
₹34 Cr
₹66 Cr
₹58 Cr
Ramco Systems Ltd · RAMCOSYS
₹42 Cr
₹43 Cr
₹55 Cr
₹141 Cr
₹70 Cr
₹91 Cr
₹145 Cr
₹97 Cr
₹86 Cr
₹80 Cr
Rategain Travel Technologies Ltd · RATEGAIN
—
—
—
₹153 Cr
₹-12 Cr
₹84 Cr
₹211 Cr
₹10 Cr
₹17 Cr
₹2.1K Cr
Zaggle Prepaid Ocean Services Ltd · ZAGGLE
—
—
—
—
₹1 Cr
₹9 Cr
₹32 Cr
₹41 Cr
₹132 Cr
₹132 Cr
Free cash flow · fiscal-year history
Accelya Solutions India Ltd · ACCELYA⚠ unverified
₹93 Cr
₹91 Cr
₹67 Cr
₹28 Cr
₹62 Cr
₹114 Cr
₹111 Cr
₹147 Cr
₹89 Cr
—
Intellect Design Arena Ltd · INTELLECT
₹-181 Cr
₹-32 Cr
₹-184 Cr
₹-143 Cr
₹320 Cr
₹322 Cr
₹-33 Cr
₹205 Cr
₹173 Cr
₹143 Cr
Network People Services Technologies Ltd · NPST
—
—
₹0 Cr
₹-1 Cr
₹-1 Cr
₹-12 Cr
₹17 Cr
₹45 Cr
₹17 Cr
₹-95 Cr
Newgen Software Technologies Ltd · NEWGEN
₹21 Cr
₹42 Cr
₹29 Cr
₹1 Cr
₹212 Cr
₹100 Cr
₹96 Cr
₹247 Cr
₹174 Cr
₹214 Cr
Nucleus Software Exports Ltd · NUCLEUS⚠ unverified
₹91 Cr
₹70 Cr
₹47 Cr
₹51 Cr
₹107 Cr
₹35 Cr
₹39 Cr
₹198 Cr
₹135 Cr
₹73 Cr
Oracle Financial Services Software Ltd · OFSS
₹1.1K Cr
₹1.1K Cr
₹1.3K Cr
₹1.3K Cr
₹1.9K Cr
₹1.8K Cr
₹1.7K Cr
₹1.8K Cr
₹2.1K Cr
₹2.6K Cr
Ramco Systems Ltd · RAMCOSYS
₹-5 Cr
₹-35 Cr
₹-47 Cr
₹-91 Cr
₹96 Cr
₹1 Cr
₹-105 Cr
₹7 Cr
₹27 Cr
₹54 Cr
Rategain Travel Technologies Ltd · RATEGAIN
—
—
—
₹-134 Cr
₹33 Cr
₹-67 Cr
₹-159 Cr
₹142 Cr
₹103 Cr
₹-1.9K Cr
Zaggle Prepaid Ocean Services Ltd · ZAGGLE
—
—
—
—
₹2 Cr
₹11 Cr
₹-48 Cr
₹-124 Cr
₹-112 Cr
₹-183 Cr
05 · compare level, then change
Debt Load & Balance-Sheet Headroom
Nucleus Software Exports Ltd has the lowest Gross debt among the 9 IT Product Companies companies compared here, at ₹9 crore. Network People Services Technologies Ltd is next at ₹14 crore. Oracle Financial Services Software Ltd has the lowest Net debt at ₹5,406 crore net cash, so level and change sit with different companies.
What the numbers say: Oracle Financial Services Software Ltd has the clearest covered balance-sheet capacity with ₹5,406 crore net cash and gross debt of ₹32 crore. Absolute debt alone does not identify the strongest balance sheet because company scale differs; net debt and debt-to-equity carry more information.
LeaderNucleus Software Exports Ltd · ₹9 crore
Gap35.7% versus #2 · Network People Services Technologies Ltd
Persistence8/8 recent comparable periods
Coverage9/9 companies · 160 observations
Investor read: Prioritize net-cash capacity and leverage relative to operating scale, not the smallest absolute rupee debt.
This conclusion weakens if: Net debt rises faster than revenue and profit for two consecutive reported periods.
Gross debt shows contractual borrowings. Net debt subtracts reported cash; a negative value means net cash. Lower debt can create capacity, but should be read against the scale and capital intensity of the business.
Gross debtlowest gross debt
1Nucleus Software Exports Ltd NUCLEUS⚠ unverified₹9 Cr
2Network People Services Technologies Ltd NPST₹14 Cr
3Oracle Financial Services Software Ltd OFSS₹32 Cr
4Newgen Software Technologies Ltd NEWGEN₹39 Cr
5Ramco Systems Ltd RAMCOSYS₹43 Cr
Net debtlowest net debt
1Oracle Financial Services Software Ltd OFSS₹-5.4K Cr
2Newgen Software Technologies Ltd NEWGEN₹-1.1K Cr
3Intellect Design Arena Ltd INTELLECT₹-692 Cr
4Zaggle Prepaid Ocean Services Ltd ZAGGLE₹-491 Cr
5Nucleus Software Exports Ltd NUCLEUS⚠ unverified₹-405 Cr
Debt and balance-sheet capacity · company comparison
9/9 level · 9/9 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
| Company | Gross debt | Net debt | Reported |
|---|---|---|---|
| Rategain Travel Technologies Ltd RATEGAIN | ₹949 Cr | ₹739 Cr | Mar 2026 |
| Intellect Design Arena Ltd INTELLECT | ₹159 Cr | ₹-692 Cr | Mar 2026 |
| Accelya Solutions India Ltd ACCELYA⚠ unverified | ₹87 Cr | ₹-32 Cr | Mar 2026 |
| Zaggle Prepaid Ocean Services Ltd ZAGGLE | ₹55 Cr | ₹-491 Cr | Mar 2026 |
| Ramco Systems Ltd RAMCOSYS | ₹43 Cr | ₹-83 Cr | Jun 2026 |
| Newgen Software Technologies Ltd NEWGEN | ₹39 Cr | ₹-1.1K Cr | Jun 2026 |
| Oracle Financial Services Software Ltd OFSS | ₹32 Cr | ₹-5.4K Cr | Jun 2026 |
| Network People Services Technologies Ltd NPST | ₹14 Cr | ₹-295 Cr | Mar 2026 |
| Nucleus Software Exports Ltd NUCLEUS⚠ unverified | ₹9 Cr | ₹-405 Cr | Mar 2026 |
Full 20-quarter history · every available company
Gross debt · reported quarter history
Accelya Solutions India Ltd · ACCELYA⚠ unverified
₹39 Cr
₹34 Cr
₹34 Cr
₹25 Cr
₹25 Cr
₹20 Cr
₹20 Cr
₹15 Cr
₹15 Cr
₹11 Cr
₹11 Cr
₹33 Cr
₹33 Cr
₹29 Cr
₹29 Cr
₹62 Cr
₹62 Cr
₹87 Cr
₹87 Cr
—
Intellect Design Arena Ltd · INTELLECT
₹28 Cr
₹28 Cr
₹20 Cr
₹20 Cr
₹19 Cr
₹19 Cr
₹27 Cr
₹27 Cr
₹45 Cr
₹45 Cr
₹44 Cr
₹44 Cr
₹64 Cr
₹64 Cr
₹72 Cr
₹72 Cr
₹90 Cr
₹90 Cr
₹159 Cr
—
Network People Services Technologies Ltd · NPST
—
—
₹0 Cr
—
—
—
₹0 Cr
₹0 Cr
₹0 Cr
₹0 Cr
₹3 Cr
₹0 Cr
₹0 Cr
₹0 Cr
₹10 Cr
₹10 Cr
₹7 Cr
₹7 Cr
₹14 Cr
—
Newgen Software Technologies Ltd · NEWGEN
₹25 Cr
₹25 Cr
₹28 Cr
₹28 Cr
₹46 Cr
₹46 Cr
₹43 Cr
₹43 Cr
₹39 Cr
₹39 Cr
₹49 Cr
₹49 Cr
₹43 Cr
₹43 Cr
₹53 Cr
₹53 Cr
₹52 Cr
₹52 Cr
₹39 Cr
₹39 Cr
Nucleus Software Exports Ltd · NUCLEUS⚠ unverified
₹4 Cr
₹4 Cr
₹2 Cr
₹2 Cr
₹7 Cr
₹7 Cr
₹6 Cr
₹6 Cr
₹6 Cr
₹6 Cr
₹5 Cr
₹5 Cr
₹3 Cr
₹3 Cr
₹2 Cr
₹2 Cr
₹8 Cr
₹8 Cr
₹9 Cr
—
Oracle Financial Services Software Ltd · OFSS
₹67 Cr
₹61 Cr
₹83 Cr
₹70 Cr
₹78 Cr
₹75 Cr
₹69 Cr
₹58 Cr
₹54 Cr
₹51 Cr
₹43 Cr
₹43 Cr
₹31 Cr
₹24 Cr
₹46 Cr
₹37 Cr
₹34 Cr
₹32 Cr
₹32 Cr
—
Ramco Systems Ltd · RAMCOSYS
₹58 Cr
₹58 Cr
₹56 Cr
₹56 Cr
₹141 Cr
₹141 Cr
₹106 Cr
₹106 Cr
₹81 Cr
₹81 Cr
₹63 Cr
₹63 Cr
₹60 Cr
₹60 Cr
₹54 Cr
₹54 Cr
₹49 Cr
₹49 Cr
₹43 Cr
—
Rategain Travel Technologies Ltd · RATEGAIN
—
—
₹18 Cr
₹18 Cr
₹19 Cr
₹19 Cr
₹18 Cr
₹18 Cr
₹18 Cr
₹18 Cr
₹17 Cr
₹17 Cr
₹17 Cr
₹17 Cr
₹16 Cr
₹16 Cr
₹15 Cr
₹15 Cr
₹949 Cr
—
Zaggle Prepaid Ocean Services Ltd · ZAGGLE
—
—
₹70 Cr
—
—
—
₹141 Cr
₹141 Cr
₹80 Cr
₹80 Cr
₹87 Cr
₹87 Cr
₹69 Cr
₹69 Cr
₹20 Cr
₹20 Cr
₹18 Cr
₹18 Cr
₹55 Cr
—
Net debt · reported quarter history
Accelya Solutions India Ltd · ACCELYA⚠ unverified
₹-36 Cr
₹-42 Cr
₹-42 Cr
₹-89 Cr
₹-89 Cr
₹-75 Cr
₹-75 Cr
₹-89 Cr
₹-89 Cr
₹-104 Cr
₹-104 Cr
₹-125 Cr
₹-125 Cr
₹-122 Cr
₹-122 Cr
₹-78 Cr
₹-78 Cr
₹-32 Cr
₹-32 Cr
—
Intellect Design Arena Ltd · INTELLECT
₹-225 Cr
₹-225 Cr
₹-378 Cr
₹-490 Cr
₹-425 Cr
₹-425 Cr
₹-97 Cr
₹-97 Cr
₹-135 Cr
₹-135 Cr
₹-272 Cr
₹-271 Cr
₹-231 Cr
₹-231 Cr
₹-459 Cr
₹-459 Cr
₹-339 Cr
₹-339 Cr
₹-692 Cr
—
Network People Services Technologies Ltd · NPST
—
—
—
—
—
—
₹-19 Cr
₹-7 Cr
₹-3 Cr
₹-3 Cr
₹-59 Cr
₹-63 Cr
₹-123 Cr
₹-123 Cr
₹-84 Cr
₹-84 Cr
₹-340 Cr
₹-340 Cr
₹-295 Cr
—
Newgen Software Technologies Ltd · NEWGEN
₹-362 Cr
₹-362 Cr
₹-340 Cr
₹-340 Cr
₹-306 Cr
₹-306 Cr
₹-297 Cr
₹-297 Cr
₹-549 Cr
₹-549 Cr
₹-692 Cr
₹-692 Cr
₹-685 Cr
₹-685 Cr
₹-871 Cr
₹-871 Cr
₹-930 Cr
₹-930 Cr
₹-1.1K Cr
₹-1.1K Cr
Nucleus Software Exports Ltd · NUCLEUS⚠ unverified
₹-482 Cr
₹-482 Cr
₹-339 Cr
₹-339 Cr
₹-353 Cr
₹-353 Cr
₹-271 Cr
₹-271 Cr
₹-410 Cr
₹-410 Cr
₹-396 Cr
₹-396 Cr
₹-319 Cr
₹-319 Cr
₹-357 Cr
₹-357 Cr
₹-364 Cr
₹-364 Cr
₹-405 Cr
—
Oracle Financial Services Software Ltd · OFSS
₹-4.1K Cr
₹-4.5K Cr
₹-4.9K Cr
₹-3.8K Cr
₹-4.4K Cr
₹-4.9K Cr
₹-5.3K Cr
₹-3.9K Cr
₹-4.4K Cr
₹-4.7K Cr
₹-5.4K Cr
₹-5.4K Cr
₹-4.8K Cr
₹-5.3K Cr
₹-5.8K Cr
₹-4.2K Cr
₹-4.8K Cr
₹-4.7K Cr
₹-5.4K Cr
—
Ramco Systems Ltd · RAMCOSYS
₹38 Cr
₹38 Cr
₹46 Cr
₹43 Cr
₹116 Cr
₹116 Cr
₹80 Cr
₹80 Cr
₹53 Cr
₹53 Cr
₹45 Cr
₹45 Cr
₹-20 Cr
₹-20 Cr
₹-17 Cr
₹-17 Cr
₹-53 Cr
₹-53 Cr
₹-83 Cr
—
Rategain Travel Technologies Ltd · RATEGAIN
—
—
₹-369 Cr
₹-369 Cr
₹-392 Cr
₹-392 Cr
₹-299 Cr
₹-299 Cr
₹-390 Cr
₹-390 Cr
₹-1.0K Cr
₹-531 Cr
₹-1.0K Cr
₹-1.0K Cr
₹-1.1K Cr
₹-1.2K Cr
₹-1.3K Cr
₹-1.3K Cr
₹739 Cr
—
Zaggle Prepaid Ocean Services Ltd · ZAGGLE
—
—
—
—
—
—
₹119 Cr
₹119 Cr
₹-292 Cr
₹-292 Cr
₹78 Cr
₹-193 Cr
₹-114 Cr
₹-114 Cr
₹-19 Cr
₹-633 Cr
₹-559 Cr
₹-559 Cr
₹-491 Cr
—
06 · compare level, then change
Return On Capital Employed
Accelya Solutions India Ltd has the highest ROCE among the 9 IT Product Companies companies compared here, at 53.6%. Oracle Financial Services Software Ltd is next at 45.3%. Zaggle Prepaid Ocean Services Ltd has the highest ROCE change at +38.3 percentage points, so level and change sit with different companies.
What the numbers say: Accelya Solutions India Ltd leads ROCE at 53.6%, 8.3 percentage points above Oracle Financial Services Software Ltd. Zaggle Prepaid Ocean Services Ltd has the strongest latest improvement at +38.3 percentage points. Read the leader beside the density of its reported history: a sparse high return is a candidate; a repeated high return is evidence of durability.
LeaderAccelya Solutions India Ltd · 53.6%
Gap18.3% versus #2 · Oracle Financial Services Software Ltd
Persistence2/8 recent comparable periods
Coverage9/9 companies · 137 observations
Investor read: Accelya Solutions India Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.
This conclusion weakens if: The next two comparable reports reverse the current roce change signal.
ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability.
ROCEhighest
1Accelya Solutions India Ltd ACCELYA⚠ unverified54%
2Oracle Financial Services Software Ltd OFSS45%
3Newgen Software Technologies Ltd NEWGEN25%
4Network People Services Technologies Ltd NPST20%
5Ramco Systems Ltd RAMCOSYS19%
ROCE changefastest improvers
1Zaggle Prepaid Ocean Services Ltd ZAGGLE+38.3 pp
2Ramco Systems Ltd RAMCOSYS+15.1 pp
3Oracle Financial Services Software Ltd OFSS+6.6 pp
4Intellect Design Arena Ltd INTELLECT−1.7 pp
5Rategain Travel Technologies Ltd RATEGAIN−2.7 pp
Return on capital · company comparison
9/9 level · 9/9 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
| Company | ROCE | ROCE change | Reported |
|---|---|---|---|
| Zaggle Prepaid Ocean Services Ltd ZAGGLE | 46% | +38.3 pp | Mar 2026 |
| Accelya Solutions India Ltd ACCELYA⚠ unverified | 44% | −12.3 pp | Mar 2026 |
| Oracle Financial Services Software Ltd OFSS | 40% | +6.6 pp | Jun 2026 |
| Newgen Software Technologies Ltd NEWGEN | 23% | −4.6 pp | Jun 2026 |
| Ramco Systems Ltd RAMCOSYS | 13% | +15.1 pp | Jun 2026 |
| Nucleus Software Exports Ltd NUCLEUS⚠ unverified | 11% | −6.5 pp | Mar 2026 |
| Intellect Design Arena Ltd INTELLECT | 11% | −1.7 pp | Mar 2026 |
| Network People Services Technologies Ltd NPST | 9.3% | −39.3 pp | Mar 2026 |
| Rategain Travel Technologies Ltd RATEGAIN | 8.9% | −2.7 pp | Mar 2026 |
Full 20-quarter history · every available company
ROCE · reported quarter history
Accelya Solutions India Ltd · ACCELYA⚠ unverified
—
28%
—
35%
—
50%
—
54%
61%
52%
49%
50%
47%
51%
56%
48%
53%
48%
44%
—
Intellect Design Arena Ltd · INTELLECT
21%
—
21%
—
19%
—
15%
—
16%
23%
16%
18%
12%
15%
13%
17%
14%
17%
11%
—
Network People Services Technologies Ltd · NPST
8.1%
—
7.7%
—
8.3%
—
28%
—
49%
83%
55%
110%
65%
96%
49%
57%
7.5%
18%
9.3%
—
Newgen Software Technologies Ltd · NEWGEN
25%
—
20%
—
18%
—
18%
—
20%
27%
20%
28%
22%
32%
21%
28%
21%
26%
20%
23%
Nucleus Software Exports Ltd · NUCLEUS⚠ unverified
7.6%
—
4.2%
—
7.0%
—
22%
—
32%
44%
25%
31%
20%
27%
18%
27%
17%
23%
11%
—
Oracle Financial Services Software Ltd · OFSS
36%
34%
31%
35%
32%
30%
29%
35%
33%
33%
31%
42%
40%
35%
34%
41%
38%
41%
40%
—
Ramco Systems Ltd · RAMCOSYS
4.3%
—
-11%
—
-29%
—
-34%
—
-67%
-54%
-53%
-40%
-15%
-12%
-1.8%
1.4%
10%
9.4%
13%
—
Rategain Travel Technologies Ltd · RATEGAIN
—
—
0.7%
—
3.7%
—
6.5%
—
12%
20%
10%
19%
11%
22%
12%
17%
10%
14%
8.9%
—
Zaggle Prepaid Ocean Services Ltd · ZAGGLE
—
—
—
—
—
—
53%
34%
23%
10%
10%
25%
32%
19%
7.9%
15%
12%
18%
46%
—
ROCE change · reported quarter history
Accelya Solutions India Ltd · ACCELYA⚠ unverified
—
—
—
—
—
+21.7 pp
—
+19.1 pp
—
+2.5 pp
—
−3.8 pp
−14.4 pp
−1.5 pp
+7.5 pp
−2.4 pp
+6.7 pp
−3.4 pp
−12.3 pp
—
Intellect Design Arena Ltd · INTELLECT
—
—
—
—
−2.1 pp
—
−5.5 pp
—
−2.3 pp
—
+0.9 pp
—
−4.0 pp
−7.4 pp
−3.3 pp
−1.0 pp
+1.9 pp
+1.5 pp
−1.7 pp
—
Network People Services Technologies Ltd · NPST
—
—
—
—
+0.2 pp
—
+20.5 pp
—
+41.1 pp
—
+26.3 pp
—
+15.6 pp
+12.5 pp
−5.9 pp
−52.6 pp
−57.5 pp
−77.5 pp
−39.3 pp
—
Newgen Software Technologies Ltd · NEWGEN
—
—
—
—
−7.5 pp
—
−2.3 pp
—
+2.4 pp
—
+1.9 pp
—
+1.7 pp
+4.4 pp
+1.3 pp
−0.3 pp
−0.6 pp
−6.1 pp
−1.3 pp
−4.6 pp
Nucleus Software Exports Ltd · NUCLEUS⚠ unverified
—
—
—
—
−0.6 pp
—
+17.3 pp
—
+24.5 pp
—
+3.6 pp
—
−11.9 pp
−17.3 pp
−7.5 pp
−3.7 pp
−3.1 pp
−3.5 pp
−6.5 pp
—
Oracle Financial Services Software Ltd · OFSS
—
—
—
—
−4.4 pp
−3.8 pp
−1.9 pp
−0.1 pp
+0.6 pp
+2.6 pp
+2.1 pp
+6.8 pp
+7.0 pp
+2.4 pp
+2.2 pp
−1.1 pp
−2.0 pp
+5.9 pp
+6.6 pp
—
Ramco Systems Ltd · RAMCOSYS
—
—
—
—
−33.3 pp
—
−22.6 pp
—
−38.0 pp
—
−19.0 pp
—
+51.9 pp
+42.1 pp
+51.1 pp
+41.7 pp
+25.1 pp
+21.2 pp
+15.1 pp
—
Rategain Travel Technologies Ltd · RATEGAIN
—
—
—
—
—
—
+5.8 pp
—
+8.2 pp
—
+3.7 pp
—
−0.5 pp
+2.2 pp
+1.4 pp
−1.9 pp
−1.0 pp
−7.9 pp
−2.7 pp
—
Zaggle Prepaid Ocean Services Ltd · ZAGGLE
—
—
—
—
—
—
—
—
—
—
−42.2 pp
−8.9 pp
+9.4 pp
+8.4 pp
−2.4 pp
−10.7 pp
−20.6 pp
−0.9 pp
+38.3 pp
—
07 · compare level, then change
Valuation Against Growth & Quality
Newgen Software Technologies Ltd has the lowest Guarded PEG among the 9 IT Product Companies companies compared here, at 0.73×. Zaggle Prepaid Ocean Services Ltd is next at 0.96×. Accelya Solutions India Ltd has the lowest P/E at 16.6×, so level and change sit with different companies. 6 of 9 companies report a comparable reading, the latest through Jun 2026.
What the numbers say: Newgen Software Technologies Ltd has the lowest comparable Guarded PEG at 0.73×, 24% below Zaggle Prepaid Ocean Services Ltd. Only 6 of 9 companies pass the guard, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.
LeaderNewgen Software Technologies Ltd · 0.73×
Gap24% versus #2 · Zaggle Prepaid Ocean Services Ltd
Persistence0/8 recent comparable periods
Coverage6/9 companies · 49 observations
Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.
This conclusion weakens if: The next two comparable reports reverse the current p/e signal.
PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is recomputed consistently as the trailing P/E divided by that growth rate — reported earnings, never an expected-earnings multiple. On Indian companies it is shown only where the two data sources reconciled. A missing PEG is more honest than a low-base fiction.
Guarded PEGlowest PEG
1Newgen Software Technologies Ltd NEWGEN0.7
2Zaggle Prepaid Ocean Services Ltd ZAGGLE1.0
3Rategain Travel Technologies Ltd RATEGAIN1.0
4Intellect Design Arena Ltd INTELLECT1.8
5Oracle Financial Services Software Ltd OFSS3.4
P/Elowest P/E
1Accelya Solutions India Ltd ACCELYA⚠ unverified16.6
2Nucleus Software Exports Ltd NUCLEUS⚠ unverified16.9
3Zaggle Prepaid Ocean Services Ltd ZAGGLE19.5
4Newgen Software Technologies Ltd NEWGEN21.0
5Oracle Financial Services Software Ltd OFSS27.2
Valuation · company comparison
6/9 level · 9/9 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
| Company | Guarded PEG | P/E | Reported |
|---|---|---|---|
| Network People Services Technologies Ltd NPST | 7.3 | 64.5 | Mar 2026 |
| Oracle Financial Services Software Ltd OFSS | 3.4 | 36.2 | Jun 2026 |
| Intellect Design Arena Ltd INTELLECT | 1.8 | 23.2 | Mar 2026 |
| Rategain Travel Technologies Ltd RATEGAIN | 1.0 | 27.9 | Mar 2026 |
| Zaggle Prepaid Ocean Services Ltd ZAGGLE | 1.0 | 21.0 | Mar 2026 |
| Newgen Software Technologies Ltd NEWGEN | 0.7 | 20.4 | Jun 2026 |
| Ramco Systems Ltd RAMCOSYS | — | 44.3 | Jun 2026 |
| Nucleus Software Exports Ltd NUCLEUS⚠ unverified | — | 12.2 | Mar 2026 |
| Accelya Solutions India Ltd ACCELYA⚠ unverified | — | 14.5 | Mar 2026 |
Full 20-quarter history · every available company
Guarded PEG · reported quarter history
Intellect Design Arena Ltd · INTELLECT
—
1.2
0.7
0.8
1.3
—
—
—
—
1.0
—
2.4
—
—
—
1.8
—
—
—
—
Network People Services Technologies Ltd · NPST
—
—
0.9
—
—
7.3
—
—
—
—
—
—
—
—
—
—
—
—
—
—
Newgen Software Technologies Ltd · NEWGEN
—
0.7
0.6
0.5
0.9
—
—
3.5
2.1
1.6
1.1
1.3
1.7
1.9
1.2
2.4
2.3
3.0
—
0.7
Oracle Financial Services Software Ltd · OFSS
1.5
1.1
0.9
2.0
—
—
—
—
—
—
2.0
1.7
1.5
1.2
4.2
4.8
—
2.3
4.0
3.4
Rategain Travel Technologies Ltd · RATEGAIN
—
—
—
—
—
—
—
—
—
—
1.8
—
—
1.4
2.4
0.7
1.5
3.3
1.0
—
Zaggle Prepaid Ocean Services Ltd · ZAGGLE
—
—
—
—
—
—
—
—
—
—
—
—
—
—
1.2
—
0.9
1.0
1.0
—
P/E · reported quarter history
Accelya Solutions India Ltd · ACCELYA⚠ unverified
47.0
29.2
23.7
19.1
22.1
22.9
17.6
17.8
20.6
18.1
20.5
22.2
23.7
19.2
16.1
16.8
16.8
15.4
14.5
—
Intellect Design Arena Ltd · INTELLECT
31.1
31.5
34.4
24.7
20.2
19.4
20.4
31.9
32.9
35.9
44.1
45.5
43.0
47.1
33.7
47.7
38.8
34.2
23.2
—
Network People Services Technologies Ltd · NPST
29.8
30.4
29.2
33.8
47.3
82.3
202.5
81.3
74.8
100.0
107.6
117.6
150.7
103.5
94.7
88.1
103.9
98.2
64.5
—
Newgen Software Technologies Ltd · NEWGEN
30.2
28.0
22.0
15.2
15.4
16.3
20.5
27.0
33.6
53.3
49.2
54.1
73.7
78.0
44.8
51.5
39.5
36.0
18.4
20.4
Nucleus Software Exports Ltd · NUCLEUS⚠ unverified
20.2
24.4
25.0
38.6
23.9
21.7
21.8
25.7
15.7
19.3
15.3
22.8
20.0
17.3
13.7
18.9
19.6
18.1
12.2
—
Oracle Financial Services Software Ltd · OFSS
22.4
18.3
16.5
14.2
13.9
14.4
15.6
18.5
19.6
19.9
35.5
38.6
42.3
43.9
29.7
32.8
30.8
28.5
24.7
36.2
Ramco Systems Ltd · RAMCOSYS
45.8
422.2
344.3
—
—
—
—
—
—
—
—
—
—
—
-36.0
-111.6
212.7
249.1
31.6
44.3
Rategain Travel Technologies Ltd · RATEGAIN
—
-440.4
425.9
141.3
177.3
96.4
80.3
66.1
75.7
77.3
61.7
58.5
50.8
45.5
25.7
25.6
36.4
36.4
27.9
—
Zaggle Prepaid Ocean Services Ltd · ZAGGLE
—
—
—
—
—
—
—
—
80.9
89.9
98.9
77.4
92.2
93.6
59.6
60.3
47.2
42.1
21.0
—
08 · compare level, then change
Enterprise Value & Book Value
Accelya Solutions India Ltd has the lowest EV/EBITDA among the 9 IT Product Companies companies compared here, at 8.2×. Zaggle Prepaid Ocean Services Ltd has the lowest P/BV at 1.92×, so level and change sit with different companies. 9 of 9 companies report a comparable reading, the latest through Mar 2026.
What the numbers say: Accelya Solutions India Ltd leads ev/ebitda at 8.2×; Zaggle Prepaid Ocean Services Ltd leads p/bv at 1.92×.
LeaderAccelya Solutions India Ltd · 8.2×
Gap0% versus #2 · Nucleus Software Exports Ltd
Persistence0/8 recent comparable periods
Coverage9/9 companies · 156 observations
Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.
This conclusion weakens if: The next two comparable reports reverse the current p/bv signal.
EV/EBITDA includes debt in enterprise value and is useful across different capital structures. P/BV prices the company against its own book. Both are market multiples on reported figures, not intrinsic-value estimates and not forecasts.
EV/EBITDAlowest EV/EBITDA
1Accelya Solutions India Ltd ACCELYA⚠ unverified8.2
2Nucleus Software Exports Ltd NUCLEUS⚠ unverified8.2
3Zaggle Prepaid Ocean Services Ltd ZAGGLE10.4
4Intellect Design Arena Ltd INTELLECT12.0
5Newgen Software Technologies Ltd NEWGEN13.5
P/BVlowest P/BV
1Zaggle Prepaid Ocean Services Ltd ZAGGLE1.9
2Nucleus Software Exports Ltd NUCLEUS⚠ unverified2.1
3Intellect Design Arena Ltd INTELLECT3.2
4Newgen Software Technologies Ltd NEWGEN4.1
5Rategain Travel Technologies Ltd RATEGAIN5.3
Enterprise and book valuation · company comparison
9/9 level · 9/9 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
| Company | EV/EBITDA | P/BV | Reported |
|---|---|---|---|
| Network People Services Technologies Ltd NPST | 33.9 | 5.4 | Mar 2026 |
| Oracle Financial Services Software Ltd OFSS | 23.9 | 11.4 | Jun 2026 |
| Rategain Travel Technologies Ltd RATEGAIN | 15.6 | 3.0 | Mar 2026 |
| Ramco Systems Ltd RAMCOSYS | 15.6 | 7.6 | Jun 2026 |
| Newgen Software Technologies Ltd NEWGEN | 13.5 | 4.4 | Jun 2026 |
| Intellect Design Arena Ltd INTELLECT | 12.0 | 3.0 | Mar 2026 |
| Zaggle Prepaid Ocean Services Ltd ZAGGLE | 10.4 | 2.1 | Mar 2026 |
| Nucleus Software Exports Ltd NUCLEUS⚠ unverified | 8.2 | 2.3 | Mar 2026 |
| Accelya Solutions India Ltd ACCELYA⚠ unverified | 8.2 | 6.3 | Mar 2026 |
Full 20-quarter history · every available company
EV/EBITDA · reported quarter history
Accelya Solutions India Ltd · ACCELYA⚠ unverified
20.5
14.2
11.9
9.8
11.7
12.8
10.0
10.4
12.3
10.8
12.3
12.3
13.3
10.6
8.9
10.2
10.2
9.4
8.2
—
Intellect Design Arena Ltd · INTELLECT
21.9
22.2
24.0
16.7
13.2
11.8
11.4
17.2
18.2
20.1
24.9
24.0
23.4
25.3
17.6
26.1
20.9
18.8
12.0
—
Network People Services Technologies Ltd · NPST
15.3
11.9
11.2
13.2
18.3
30.1
74.5
42.8
43.0
57.4
63.0
70.6
94.9
69.0
62.8
57.5
70.3
54.0
33.9
—
Newgen Software Technologies Ltd · NEWGEN
18.0
16.7
14.6
10.0
10.4
10.9
13.6
18.7
23.5
37.4
35.7
40.0
53.8
56.5
32.4
36.4
27.6
25.3
12.1
13.5
Nucleus Software Exports Ltd · NUCLEUS⚠ unverified
13.2
15.5
14.1
18.5
12.5
11.3
12.8
16.7
10.8
13.3
10.6
15.7
13.5
11.6
9.1
13.0
12.8
12.0
8.2
—
Oracle Financial Services Software Ltd · OFSS
13.6
11.2
10.0
8.4
8.3
8.6
9.1
10.5
11.2
11.9
23.8
25.7
28.3
29.8
18.9
21.5
20.0
18.6
16.1
23.9
Ramco Systems Ltd · RAMCOSYS
10.3
13.4
18.1
124.1
—
—
—
—
—
—
—
—
—
71.9
30.3
19.4
17.1
16.3
8.4
15.6
Rategain Travel Technologies Ltd · RATEGAIN
—
211.4
210.6
160.1
44.9
37.0
39.2
41.1
48.5
53.8
42.3
37.2
32.1
29.2
16.5
16.1
23.5
23.4
15.6
—
Zaggle Prepaid Ocean Services Ltd · ZAGGLE
—
—
—
—
—
—
—
—
52.2
49.4
47.2
43.8
52.6
61.9
38.1
37.8
25.9
23.2
10.4
—
P/BV · reported quarter history
Accelya Solutions India Ltd · ACCELYA⚠ unverified
8.1
6.5
5.9
5.4
7.0
8.3
7.2
7.5
9.0
7.8
8.7
8.9
9.8
7.9
6.6
7.4
7.7
7.0
6.3
—
Intellect Design Arena Ltd · INTELLECT
6.5
6.3
7.3
6.1
3.8
3.3
3.0
4.7
4.7
5.1
6.7
6.0
5.5
5.5
3.7
6.4
4.9
4.7
3.0
—
Network People Services Technologies Ltd · NPST
2.2
2.2
2.1
2.3
3.1
6.2
15.8
24.0
29.8
40.8
57.0
75.6
97.2
56.4
50.2
67.4
64.2
6.8
5.4
—
Newgen Software Technologies Ltd · NEWGEN
6.3
5.9
5.0
3.1
3.0
3.0
3.9
4.8
6.4
10.6
10.8
12.9
16.2
17.5
10.8
13.2
8.3
7.5
3.8
4.4
Nucleus Software Exports Ltd · NUCLEUS⚠ unverified
2.6
2.5
1.9
2.0
2.1
2.1
3.5
4.7
4.4
5.7
4.6
4.9
4.3
3.7
3.0
4.0
3.2
2.9
2.3
—
Oracle Financial Services Software Ltd · OFSS
5.9
5.6
5.0
3.9
4.0
4.1
4.0
4.5
4.8
5.6
11.7
10.9
12.6
15.5
9.7
9.9
8.8
9.2
8.2
11.4
Ramco Systems Ltd · RAMCOSYS
2.3
2.3
1.4
1.4
1.6
1.6
1.0
1.3
2.2
2.9
2.6
2.2
4.6
5.0
4.0
4.7
5.9
6.6
4.2
7.6
Rategain Travel Technologies Ltd · RATEGAIN
—
—
5.8
4.5
4.5
4.7
6.0
7.2
9.1
10.2
11.0
11.4
5.9
5.5
3.4
3.7
5.3
4.2
3.0
—
Zaggle Prepaid Ocean Services Ltd · ZAGGLE
—
—
—
—
—
—
—
—
4.6
5.1
6.6
6.0
9.4
10.8
7.8
8.7
3.8
3.6
2.1
—
09 · let price answer last
Market action
Rategain Travel Technologies Ltd has the strongest one-year price move in IT Product Companies at +104.1%. Ramco Systems Ltd leads on Mansfield relative strength against NIFTY at +52.8%. 4 of 9 covered companies are above zero on that measure. Every line covers 313 weekly closes through 2026-07-17.
Every price line is indexed to 100 over the chosen window. Mansfield relative strength compares a price ratio with its own 52-week average; zero separates leadership from lagging.
Price and relative strength
Price is rebased to 100 inside the selected window. Pair ratio rebases each selected company against one chosen denominator.
Before the conclusion · check the blind spots
What can make this comparison misleading?
This IT Product Companies comparison names 6 specific ways its own evidence can mislead, all listed below. All 9 companies here report on comparable dates, so no rank carries a stale marker. 2 draw at least one figure from a second feed with too little overlap to cross-check. A high growth rate can still be a low-base artefact.
Keep these limits visible
- A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason.
- A high ROCE can be temporary or flattered by a small capital base. Read it beside margin, cash conversion and reinvestment.
- The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed.
- An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
- 2 companies draw at least one figure from a second data feed with too little overlapping history to cross-check against the primary source; they are marked unverified wherever those figures appear.
- Thin comparisons: Capital expenditure have fewer than three usable current readings.
10 · the complete set
Which companies are included?
All 9 companies in the canonical IT Product Companies membership are listed below, largest market value first — nothing is silently dropped, even where a company reports too little to rank. The charts above default to a selective view; this register is the complete set, with each company's own latest reporting date beside it.
AHEAD means the company is beating the index by 5% or more over three months. LAGGING, FUNDAMENTALS UP means it is 20% or more behind over a year while its trailing twelve-month earnings grew 20% or more. Both rules are fixed and applied the same way in every sector.
| Company | Market value | Price | Priced to | Latest fundamentals | Source standing |
|---|---|---|---|---|---|
| Oracle Financial Services Software Ltd OFSSAHEAD | ₹92.8K Cr | ₹10,652 | 2026-07-19 | Jun 2026 | Cross-checked |
| Rategain Travel Technologies Ltd RATEGAINAHEAD | ₹10.7K Cr | ₹900 | 2026-07-19 | Mar 2026 | Cross-checked |
| Intellect Design Arena Ltd INTELLECTAHEAD | ₹10.3K Cr | ₹732 | 2026-07-19 | Mar 2026 | Cross-checked |
| Newgen Software Technologies Ltd NEWGENAHEAD | ₹7.2K Cr | ₹506 | 2026-07-19 | Jun 2026 | Cross-checked |
| Network People Services Technologies Ltd NPSTAHEAD | ₹3.2K Cr | ₹1,519 | 2026-07-19 | Mar 2026 | Cross-checked |
| Zaggle Prepaid Ocean Services Ltd ZAGGLELAGGING, FUNDAMENTALS UP | ₹2.7K Cr | ₹200 | 2026-07-19 | Mar 2026 | Cross-checked |
| Ramco Systems Ltd RAMCOSYSAHEAD | ₹2.7K Cr | ₹711 | 2026-07-19 | Jun 2026 | Cross-checked |
| Nucleus Software Exports Ltd NUCLEUS⚠ unverified | ₹1.9K Cr | ₹725 | 2026-07-19 | Mar 2026 | Includes unverified figures |
| Accelya Solutions India Ltd ACCELYA⚠ unverified | ₹1.7K Cr | ₹1,159 | 2026-07-19 | Mar 2026 | Includes unverified figures |
How each company's sources stand: 2 of 9 companies draw at least one figure from a second data feed that could not be cross-checked against the primary source, because the two do not share enough reported history to compare. Those figures are marked unverified wherever they appear.
Evidence and freshness
How was this comparison built?
This comparison is built from the reported filings of 9 IT Product Companies companies, normalized to a common ₹ scale and a shared quarter axis of up to 20 quarters each. Fundamentals run through Jun 2026 and market data through 2026-07-24. A second data feed fills gaps only after identity and scale reconciliation, and missing observations are never interpolated.
FundamentalsThrough Jun 2026 · up to 20 quarters per company
Market dataThrough 2026-07-24 · weekly price and relative-strength history
Derived metricsGrowth, changes, CAPEX intensity, net debt, guarded PEG and P/BV÷ROE are calculated only when their inputs are comparable.
Score confidenceMissing and stale evidence reduces confidence and pulls the 0–100 research-priority score toward neutral.
Source standing7 cross-checked · 2 unverified · 0 withheld, of 9 graded companies.
A second feed is read only after its reported income is matched against the primary source on at least three overlapping periods. Where the two agree the figures fill silently. Where there is too little shared history to compare, the figures are still drawn — they are the only evidence there is — and marked ⚠ unverified everywhere they appear. Where the two are known to disagree, nothing from the second feed is drawn and the affected company is named under the chart it is missing from. Every company's standing is listed in the register above.
Questions investors ask · short, speakable answers
IT Product Companies company comparison FAQs
These 18 answers restate the IT Product Companies comparison above in question form. Every one is computed from the same 9 companies and the same reported filings as the rankings and charts, current through Jun 2026. Price and relative-strength answers run through 2026-07-24. Nothing here is estimated, and none of it is a recommendation.
What is the Nifty IT Product Companies index?
The Nifty IT Product Companies index tracks India's listed IT Product Companies companies as a single basket. This page follows the same 9 companies and equal-weights them, so every company's weekly return counts once whatever it is worth, and the reading belongs to the IT Product Companies sector rather than to its largest constituent. Figures are as of Jun 2026.
Which are the best IT Product Companies stocks in India?
Ranked by this page's four-factor score, Oracle Financial Services Software Ltd places first among 9 listed IT Product Companies companies, followed by Ramco Systems Ltd. That is a ranking of published data — earnings, quality, valuation and market behaviour as of Jun 2026 — and not a recommendation; Sector Alpha is not registered with SEBI as an investment adviser.
How many IT Product Companies stocks are listed in India?
This comparison covers 9 listed IT Product Companies companies in India, each above the size floor the site applies, with 20 quarters of reported figures per company where the filings exist. The full ranked list is on this page, as of Jun 2026.
Which IT Product Companies company is the biggest?
Oracle Financial Services Software Ltd is the largest, with trailing-twelve-month revenue of ₹8,945 crore, ahead of Intellect Design Arena Ltd at ₹3,038 crore. That covers 9 of 9 companies with comparable reporting through Jun 2026.
Which IT Product Companies company is growing fastest?
Rategain Travel Technologies Ltd has the fastest revenue growth at 69.4% year on year, across 9 of 9 comparable companies. Fast growth off a small base is not the same as proven scale — check whether the rate holds across several quarters on the chart above before treating it as a trend.
Which IT Product Companies company has the best profit margins?
Oracle Financial Services Software Ltd has the highest operating margin at 60%, from 9 of 9 comparable companies. Oracle Financial Services Software Ltd shows the biggest recent improvement, at +14 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.
Which IT Product Companies company makes the most profit?
Oracle Financial Services Software Ltd earns the most, at ₹3,414 crore of trailing-twelve-month net profit, from 9 of 9 comparable companies. Ramco Systems Ltd has the fastest profit growth at 100%, though growth off a small or recovering profit base overstates how much has actually changed.
Which IT Product Companies company earns the highest return on capital?
Accelya Solutions India Ltd leads on return on capital employed at 53.6%, across 9 of 9 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year.
Which IT Product Companies stock is the cheapest?
On guarded PEG — where a LOWER number is cheaper — Newgen Software Technologies Ltd screens cheapest at 0.73×. Only 6 of 9 companies pass the comparability guard, so this is not a sector-wide "cheapest stock" verdict. Cheap on a multiple is a reason to investigate, never a reason to buy on its own.
Which IT Product Companies company has the strongest balance sheet?
Nucleus Software Exports Ltd carries the lowest comparable gross debt at ₹9 crore, from 9 of 9 companies. Absolute rupee debt alone does not settle it, because company scale differs — net debt and debt-to-equity in the chart above carry more information, and a very low-debt balance sheet can also mean under-investment.
Which IT Product Companies stock has the strongest price momentum?
Ramco Systems Ltd has the strongest relative strength against NIFTY 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all.
Which IT Product Companies company scores highest for research priority?
Oracle Financial Services Software Ltd scores 69.1 out of 100 with 100% evidence confidence, from 30.4 points on growth and earnings, 20.4 on capital efficiency, 2.5 on valuation and 15.8 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research.
How many IT Product Companies companies does this comparison cover, and over what period?
It compares 9 listed companies over up to 20 reported quarters of fundamentals and 10 fiscal years of capital allocation, ending Jun 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data.
What is the total market cap of the IT Product Companies sector?
The 9 IT Product Companies companies on this page carry ₹1,33,055 crore of combined market value. Oracle Financial Services Software Ltd is the largest at ₹92,753 crore, about 70% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-07-29.
What is the IT Product Companies sector's P/E ratio?
The median price-to-earnings ratio across the 9 IT Product Companies companies on this page is 27.2×, measured on the 9 that report a comparable figure. A sector-level history for this multiple is not held here, so this is a cross-section of today, not a comparison with the sector’s own past. Figures are as of 2026-07-29.
How is the IT Product Companies sector performing?
4 of the 9 covered IT Product Companies companies are beating NIFTY 500 on Mansfield relative strength. A 52-week sector-versus-index comparison is not available from the current market series for this sector, so it is not quoted. Readings are as of 2026-07-29.
Why are some values on this page blank?
A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad.
Is this investment advice?
No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.