Is the IT - Software sector outperforming NIFTY 500?
The 52-week sector comparison is unavailable. 19 of 56 covered companies currently have positive Mansfield relative strength versus NIFTY 500.
20-quarter listed-company comparison
IT - Software Stocks in India
IT - Software: Tata Consultancy Services Ltd owns the largest revenue base; String Metaverse Ltd has the fastest current growth.
Nifty IT - Software Index — Constituents & Performance
The IT - Software companies below are the listed Indian IT - Software universe this page tracks — the same constituent set people search for as the Nifty IT - Software 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 - Software moved against NIFTY 500?
The line below covers 5.2 years. Over the most recent two of them this sector is 20% ahead of NIFTY 500. Earnings across its companies grew 11% on average over the last four reported quarters. It has been ahead of NIFTY 500 on a rolling three-month view for 13 weeks running.
LEADER · ahead 13w✓Price and the fundamentals both up26 of 55 companies ahead of NIFTY 500 by 5% or more over three months7 are 20% or more behind over a year while earnings grew 20% or more
RS ↑13w · 22/55 >200d (+7) · 26/55 lead (−3) · EPS 38/49↑
IT - Software, equal-weighted, based at 200
NIFTY 500, same base, same start
trailing 12-month earnings per share rising
falling
Strength anatomy
MixedHow much of the sector is participating, how recently, and whether the movers score well.
Together26 of 55 stocks moving
Fresh6 crossed in the last 4 weeks
Backed by scoresmovers score +4 vs the sector average
Down the cap ladder — bar is now, tick is four weeks ago
Large
4/11+2
Mid
14/200
Small
8/24−5
Participation is not spreading downward this month; the larger companies are still carrying most of it.
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 55 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 - Software outperforming NIFTY 500?
The 52-week comparison of IT - Software against NIFTY 500 is not available from the current market series. 19 of 56 covered companies currently beat NIFTY on Mansfield relative strength, so leadership inside the sector is selective. Hypersoft Technologies Ltd is the strongest against the sector itself at +92.4%. Readings are as of 2026-07-19.
—Sector vs NIFTY 500 · 13 weeks
—Sector vs NIFTY 500 · 52 weeks
19/56Stocks leading NIFTY 500
17/52Stocks leading sector
Sector metric: 48.3 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. 19 of 56 covered companies currently have positive Mansfield relative strength versus NIFTY 500. Tata Consultancy Services Ltd leads with revenue of ₹2,75,859 crore, based on 55 of 63 comparable companies through Jun 2026. String Metaverse Ltd has the fastest current revenue growth at 100%, across 53 of 63 comparable companies.
Which IT - Software company is largest by revenue?
Tata Consultancy Services Ltd leads with revenue of ₹2,75,859 crore, based on 55 of 63 comparable companies through Jun 2026.
Which IT - Software company is growing fastest?
String Metaverse Ltd has the fastest current revenue growth at 100%, across 53 of 63 comparable companies.
Which IT - Software company has the strongest 4-Factor Sector Score?
Silver Touch Technologies Ltd ranks first at 72.2/100 with 88.6% evidence confidence. The score prioritizes research; it is not a buy recommendation.
Which IT - Software company reports the most CAPEX?
Tata Consultancy Services Ltd reports the largest latest CAPEX at ₹753 crore, with 17 of 63 companies comparable.
Which IT - Software company has the least gross debt?
Hypersoft Technologies Ltd has the lowest comparable gross debt at ₹0 crore. Wipro Ltd has the highest at ₹21,282 crore.
Which IT - Software company has the lowest comparable PEG?
R Systems International Ltd has the lowest comparable Guarded PEG at 0.26, among 21 of 63 companies that pass the metric’s comparability rules.
How much history does this IT - Software 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
63
complete canonical membership
Combined market value
₹23.2 L Cr
Tata Consultancy Services Ltd
Revenue growing
49/53
positive TTM year-on-year growth
Beating NIFTY 500
19/56
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%
Silver Touch Technologies Ltd has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 88.6% evidence confidence.
Tanla Platforms Ltd looks inexpensive relative to peers or its own history, but its earnings trajectory has not yet earned the valuation signal.
IZMO 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. Silver Touch Technologies Ltd · SILVERTUC
72.2/100 · Favorable setup · 89% evidence
Exact sum: 27.7 + 18.4 + 10.3 + 15.8 = 72.2
Decision use: Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence.
27.7/35Growth & earnings
Revenue 18.5% · PAT 66.7% · OPM change 3 pp
88% evidence
18.4/25Capital efficiency
ROCE 28.9% · debt/equity 0.2×
100% evidence
10.3/20Valuation
P/E 71× · PEG 1.11
65% evidence
15.8/20Relative strength
RS sector 59.3% · RS bench 65.9% · 1Y 177.8%
100% evidence
2. NINtec Systems Ltd · NINSYS
71.1/100 · Favorable setup · 76% evidence
Exact sum: 20.8 + 21.6 + 9 + 19.7 = 71.1
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
20.8/35Growth & earnings
Revenue 21.7% · PAT 21.6% · OPM change 8.1 pp
83% evidence
21.6/25Capital efficiency
ROCE 55% · debt/equity 0.02×
95% evidence
9.0/20Valuation
P/E 50.3× · PEG —
15% evidence
19.7/20Relative strength
RS sector 82.2% · RS bench 86.7% · 1Y 96.7%
100% evidence
3. Coforge Ltd · COFORGE
68.8/100 · Favorable setup · 96% evidence
Exact sum: 29.3 + 15.9 + 12.7 + 10.9 = 68.8
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
29.3/35Growth & earnings
Revenue 35.6% · PAT 86.3% · OPM change 5 pp
88% evidence
15.9/25Capital efficiency
ROCE 23.5% · debt/equity 0.08×
100% evidence
12.7/20Valuation
P/E 40× · PEG 0.57
100% evidence
10.9/20Relative strength
RS sector -4.6% · RS bench -3% · 1Y -18.9%
100% evidence
4. InfoBeans Technologies Ltd · INFOBEAN
68.2/100 · Favorable setup · 81% evidence
Exact sum: 27.1 + 17.2 + 9.7 + 14.2 = 68.2
Decision use: Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence.
27.1/35Growth & earnings
Revenue 35.5% · PAT 60.4% · OPM change 0 pp
95% evidence
17.2/25Capital efficiency
ROCE 29.2% · debt/equity 0.04×
95% evidence
9.7/20Valuation
P/E 18× · PEG —
50% evidence
14.2/20Relative strength
RS sector 17.4% · RS bench -0.2% · 1Y 56.7%
70% evidence
5. Softtech Engineers Ltd · SOFTTECH
65.3/100 · Favorable setup · 76% evidence
Exact sum: 27.8 + 11.8 + 8.7 + 17 = 65.3
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
27.8/35Growth & earnings
Revenue 39.5% · PAT 100% · OPM change 6.2 pp
83% evidence
11.8/25Capital efficiency
ROCE 6.2% · debt/equity 0.23×
95% evidence
8.7/20Valuation
P/E 117× · PEG —
15% evidence
17.0/20Relative strength
RS sector 16.5% · RS bench 19.1% · 1Y 10.2%
100% evidence
6. Cigniti Technologies Ltd · CIGNITITEC
64.9/100 · Mixed-positive evidence · 79% evidence
Exact sum: 23.4 + 16.7 + 16 + 8.8 = 64.9
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
23.4/35Growth & earnings
Revenue 14% · PAT 96.1% · OPM change 2 pp
56% evidence
16.7/25Capital efficiency
ROCE 34.1% · debt/equity 0.02×
75% evidence
16.0/20Valuation
P/E 11.4× · PEG 0.61
100% evidence
8.8/20Relative strength
RS sector -9.5% · RS bench -15% · 1Y -28%
100% evidence
7. Sasken Technologies Ltd · SASKEN
64.5/100 · Mixed-positive evidence · 96% evidence
Exact sum: 25.9 + 10.9 + 9.3 + 18.4 = 64.5
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
25.9/35Growth & earnings
Revenue 100% · PAT 13.7% · OPM change 5 pp
88% evidence
10.9/25Capital efficiency
ROCE 9.9% · debt/equity 0.03×
100% evidence
9.3/20Valuation
P/E 48.1× · PEG 0.68
100% evidence
18.4/20Relative strength
RS sector 22.7% · RS bench 25.7% · 1Y 27.7%
100% evidence
8. Sahana Systems Ltd · SAHANA
64.2/100 · Mixed-positive evidence · 70% evidence
Exact sum: 21.8 + 18.7 + 14.5 + 9.2 = 64.2
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
21.8/35Growth & earnings
Revenue 100% · PAT 100% · OPM change -3 pp
48% evidence
18.7/25Capital efficiency
ROCE 39.8% · debt/equity 0.07×
95% evidence
14.5/20Valuation
P/E 11.6× · PEG —
50% evidence
9.2/20Relative strength
RS sector -9% · RS bench -7.1% · 1Y -30.7%
100% evidence
9. Saksoft Ltd · SAKSOFT
63.8/100 · Mixed-positive evidence · 90% evidence
Exact sum: 24.1 + 18.6 + 13.4 + 7.7 = 63.8
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
24.1/35Growth & earnings
Revenue 14% · PAT 22% · OPM change 3 pp
88% evidence
18.6/25Capital efficiency
ROCE 25.5% · debt/equity 0.06×
100% evidence
13.4/20Valuation
P/E 16.3× · PEG 0.41
100% evidence
7.7/20Relative strength
RS sector -21.2% · RS bench 1.8% · 1Y -24.1%
70% evidence
10. Tech Mahindra Ltd · TECHM
63.4/100 · Mixed-positive evidence · 94% evidence
Exact sum: 21.1 + 16.3 + 10.9 + 15.1 = 63.4
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
21.1/35Growth & earnings
Revenue 10.9% · PAT 14.3% · OPM change 3 pp
100% evidence
16.3/25Capital efficiency
ROCE 23.1% · debt/equity 0.07×
100% evidence
10.9/20Valuation
P/E 28.7× · PEG 0.76
100% evidence
15.1/20Relative strength
RS sector 14.8% · RS bench 5% · 1Y 1.5%
70% evidence
11. Hypersoft Technologies Ltd · 539724
63.0/100 · Mixed-positive evidence · 66% evidence
Exact sum: 23.5 + 14 + 8.6 + 16.9 = 63
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
23.5/35Growth & earnings
Revenue 100% · PAT 100% · OPM change -9.8 pp
83% evidence
14.0/25Capital efficiency
ROCE 20.6% · debt/equity 0×
80% evidence
8.6/20Valuation
P/E 440× · PEG —
15% evidence
16.9/20Relative strength
RS sector 92.4% · RS bench 99.5% · 1Y 320.1%
70% evidence
12. ASM Technologies Ltd · 526433
61.1/100 · Mixed-positive evidence · 66% evidence
Exact sum: 23.7 + 13.7 + 8.8 + 14.9 = 61.1
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
23.7/35Growth & earnings
Revenue 82.1% · PAT 100% · OPM change -4 pp
83% evidence
13.7/25Capital efficiency
ROCE 27% · debt/equity 0.42×
80% evidence
8.8/20Valuation
P/E 103× · PEG —
15% evidence
14.9/20Relative strength
RS sector 5.7% · RS bench 23.9% · 1Y 40.9%
70% evidence
13. BLS E-Services Ltd · BLSE
61.0/100 · Mixed-positive evidence · 72% evidence
Exact sum: 19.4 + 13.3 + 9.2 + 19.1 = 61
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
19.4/35Growth & earnings
Revenue 100% · PAT 16.9% · OPM change -2 pp
83% evidence
13.3/25Capital efficiency
ROCE 17% · debt/equity 0.01×
80% evidence
9.2/20Valuation
P/E 44.6× · PEG —
15% evidence
19.1/20Relative strength
RS sector 39.1% · RS bench 42.3% · 1Y 47.8%
100% evidence
14. Datamatics Global Services Ltd · DATAMATICS
60.5/100 · Mixed-positive evidence · 90% evidence
Exact sum: 20.9 + 17.1 + 8.5 + 14 = 60.5
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
20.9/35Growth & earnings
Revenue 15.3% · PAT -5.8% · OPM change 6 pp
88% evidence
17.1/25Capital efficiency
ROCE 20.8% · debt/equity 0.14×
100% evidence
8.5/20Valuation
P/E 20.3× · PEG 1.08
100% evidence
14.0/20Relative strength
RS sector 9.6% · RS bench 2.2% · 1Y 9.8%
70% evidence
15. String Metaverse Ltd · 534535
58.2/100 · Mixed-positive evidence · 79% evidence
Exact sum: 26.3 + 16.8 + 14.7 + 0.4 = 58.2
Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -64.4% and the one-year return is -76.8%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth.
26.3/35Growth & earnings
Revenue 100% · PAT 100% · OPM change 0 pp
83% evidence
16.8/25Capital efficiency
ROCE 41.6% · debt/equity 0.02×
80% evidence
14.7/20Valuation
P/E 7.1× · PEG —
50% evidence
0.4/20Relative strength
RS sector -64.4% · RS bench -57.1% · 1Y -76.8%
100% evidence
16. R Systems International Ltd · RSYSTEMS
57.5/100 · Mixed-positive evidence · 96% evidence
Exact sum: 24 + 13 + 18.5 + 2 = 57.5
Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -28.5% and the one-year return is -43%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth.
24.0/35Growth & earnings
Revenue 18.3% · PAT 48.3% · OPM change 2 pp
88% evidence
13.0/25Capital efficiency
ROCE 19.5% · debt/equity 0.34×
100% evidence
18.5/20Valuation
P/E 12.6× · PEG 0.26
100% evidence
2.0/20Relative strength
RS sector -28.5% · RS bench -27.5% · 1Y -43%
100% evidence
17. AvenuesAI Ltd · CCAVENUE
57.1/100 · Mixed-positive evidence · 83% evidence
Exact sum: 20.6 + 10.3 + 14.9 + 11.3 = 57.1
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
20.6/35Growth & earnings
Revenue 100% · PAT 25.5% · OPM change -2 pp
88% evidence
10.3/25Capital efficiency
ROCE 7.7% · debt/equity 0.09×
100% evidence
14.9/20Valuation
P/E 20.2× · PEG 0.37
65% evidence
11.3/20Relative strength
RS sector -2.2% · RS bench 4.3% · 1Y 7.2%
70% evidence
18. Ksolves India Ltd · KSOLVES
55.9/100 · Mixed-positive evidence · 87% evidence
Exact sum: 17.7 + 18.3 + 13.7 + 6.2 = 55.9
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
17.7/35Growth & earnings
Revenue 16% · PAT 16.7% · OPM change 3.9 pp
95% evidence
18.3/25Capital efficiency
ROCE 131% · debt/equity 0.21×
95% evidence
13.7/20Valuation
P/E 18× · PEG —
50% evidence
6.2/20Relative strength
RS sector -4.5% · RS bench -2.2% · 1Y -24.2%
100% evidence
19. RNIT AI Solutions Ltd · AUTOPALIND
54.6/100 · Thin evidence · provisional · 52% evidence
Exact sum: 20.6 + 14.6 + 9.4 + 10 = 54.6
Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
20.6/35Growth & earnings
Revenue 59.8% · PAT 66.7% · OPM change 5.1 pp
83% evidence
14.6/25Capital efficiency
ROCE 20.2% · debt/equity 0.13×
80% evidence
9.4/20Valuation
P/E 39.8× · PEG —
15% evidence
10.0/20Relative strength
RS sector — · RS bench — · 1Y —
0% evidence
20. Xchanging Solutions Ltd · XCHANGING
54.5/100 · Mixed-positive evidence · 77% evidence
Exact sum: 21.1 + 14.9 + 13.3 + 5.2 = 54.5
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
21.1/35Growth & earnings
Revenue 9.7% · PAT 18% · OPM change 3 pp
83% evidence
14.9/25Capital efficiency
ROCE 18% · debt/equity 0.18×
95% evidence
13.3/20Valuation
P/E 12× · PEG —
50% evidence
5.2/20Relative strength
RS sector -24.4% · RS bench -13.2% · 1Y -30.7%
70% evidence
21. Tanla Platforms Ltd · TANLA
54.1/100 · Mixed-positive evidence · 91% evidence
Exact sum: 14.5 + 17.1 + 13.2 + 9.3 = 54.1
Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity.
14.5/35Growth & earnings
Revenue 13.2% · PAT 9.9% · OPM change 0 pp
95% evidence
17.1/25Capital efficiency
ROCE 26.3% · debt/equity 0.02×
95% evidence
13.2/20Valuation
P/E 14.9× · PEG 1.21
100% evidence
9.3/20Relative strength
RS sector -12% · RS bench 5% · 1Y -10.9%
70% evidence
22. IZMO Ltd · IZMO
53.9/100 · Mixed-positive evidence · 77% evidence
Exact sum: 16.3 + 15 + 6.6 + 16 = 53.9
Decision use: Price leads the evidence: RS versus the benchmark is 40.5%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
16.3/35Growth & earnings
Revenue 26.1% · PAT -2% · OPM change -5 pp
83% evidence
15.0/25Capital efficiency
ROCE 12.6% · debt/equity 0.01×
95% evidence
6.6/20Valuation
P/E 34.8× · PEG —
50% evidence
16.0/20Relative strength
RS sector 28.9% · RS bench 40.5% · 1Y 166.4%
70% evidence
23. Infosys Ltd · INFY
53.6/100 · Mixed-positive evidence · 83% evidence
Exact sum: 18.1 + 18.9 + 14.2 + 2.4 = 53.6
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
18.1/35Growth & earnings
Revenue 11.2% · PAT 11.1% · OPM change 0 pp
95% evidence
18.9/25Capital efficiency
ROCE 40% · debt/equity 0.1×
80% evidence
14.2/20Valuation
P/E 13.6× · PEG —
50% evidence
2.4/20Relative strength
RS sector -23.5% · RS bench -21.8% · 1Y -30.9%
100% evidence
24. Seshaasai Technologies Ltd · STYL
53.0/100 · Mixed-positive evidence · 70% evidence
Exact sum: 13.5 + 16.8 + 12.7 + 10 = 53
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
13.5/35Growth & earnings
Revenue 6.7% · PAT 20.6% · OPM change 0 pp
95% evidence
16.8/25Capital efficiency
ROCE 27.7% · debt/equity 0.06×
95% evidence
12.7/20Valuation
P/E 23.6× · PEG 0.81
65% evidence
10.0/20Relative strength
RS sector — · RS bench — · 1Y —
0% evidence
25. HCL Technologies Ltd · HCLTECH
52.8/100 · Mixed-positive evidence · 77% evidence
Exact sum: 12.8 + 18.6 + 9.6 + 11.8 = 52.8
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
12.8/35Growth & earnings
Revenue 12.6% · PAT 2.6% · OPM change 0 pp
95% evidence
18.6/25Capital efficiency
ROCE 30.4% · debt/equity 0.07×
80% evidence
9.6/20Valuation
P/E 19× · PEG —
50% evidence
11.8/20Relative strength
RS sector 9.9% · RS bench -16.3% · 1Y -22.3%
70% evidence
26. Expleo Solutions Ltd · EXPLEOSOL
52.7/100 · Mixed-positive evidence · 77% evidence
Exact sum: 15.6 + 17.1 + 13.8 + 6.2 = 52.7
Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity.
15.6/35Growth & earnings
Revenue 8.1% · PAT 20.4% · OPM change -1 pp
83% evidence
17.1/25Capital efficiency
ROCE 24.8% · debt/equity 0.01×
95% evidence
13.8/20Valuation
P/E 9.2× · PEG —
50% evidence
6.2/20Relative strength
RS sector -13.4% · RS bench -15.2% · 1Y -34.5%
70% evidence
27. Subex Ltd · SUBEXLTD
52.4/100 · Thin evidence · provisional · 53% evidence
Exact sum: 19.8 + 10.8 + 9.9 + 11.9 = 52.4
Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
19.8/35Growth & earnings
Revenue -2.3% · PAT 100% · OPM change 31 pp
62% evidence
10.8/25Capital efficiency
ROCE 12.8% · debt/equity 0.08×
95% evidence
9.9/20Valuation
P/E 22.1× · PEG —
15% evidence
11.9/20Relative strength
RS sector — · RS bench 16.9% · 1Y —
25% evidence
28. Sonata Software Ltd · SONATSOFTW
51.3/100 · Mixed-positive evidence · 93% evidence
Exact sum: 11.7 + 14.9 + 14.5 + 10.2 = 51.3
Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity.
11.7/35Growth & earnings
Revenue 5.4% · PAT 8.9% · OPM change 1 pp
83% evidence
14.9/25Capital efficiency
ROCE 30.7% · debt/equity 0.38×
95% evidence
14.5/20Valuation
P/E 15.8× · PEG 0.61
100% evidence
10.2/20Relative strength
RS sector -5.5% · RS bench -3.9% · 1Y -29.7%
100% evidence
29. Dynacons Systems & Solutions Ltd · DSSL
51.2/100 · Mixed-positive evidence · 83% evidence
Exact sum: 16 + 14.2 + 7.7 + 13.3 = 51.2
Decision use: Price leads the evidence: RS versus the benchmark is 14%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
16.0/35Growth & earnings
Revenue 12.4% · PAT 19.4% · OPM change 0 pp
83% evidence
14.2/25Capital efficiency
ROCE 29.8% · debt/equity 0.75×
95% evidence
7.7/20Valuation
P/E 18.6× · PEG —
50% evidence
13.3/20Relative strength
RS sector 10.9% · RS bench 14% · 1Y 15.9%
100% evidence
30. Tata Consultancy Services Ltd · TCS
50.9/100 · Mixed-positive evidence · 91% evidence
Exact sum: 11.6 + 20.3 + 11.8 + 7.2 = 50.9
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
11.6/35Growth & earnings
Revenue 7.7% · PAT 1.1% · OPM change -1 pp
95% evidence
20.3/25Capital efficiency
ROCE 63% · debt/equity 0.1×
95% evidence
11.8/20Valuation
P/E 15.2× · PEG 1.85
100% evidence
7.2/20Relative strength
RS sector -4.6% · RS bench -19.1% · 1Y -28.9%
70% evidence
31. Zensar Technologies Ltd · ZENSARTECH
50.5/100 · Mixed-positive evidence · 93% evidence
Exact sum: 17 + 15.8 + 14.5 + 3.2 = 50.5
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
17.0/35Growth & earnings
Revenue 7.7% · PAT 19.2% · OPM change 0 pp
83% evidence
15.8/25Capital efficiency
ROCE 22.8% · debt/equity 0.02×
95% evidence
14.5/20Valuation
P/E 15.1× · PEG 0.91
100% evidence
3.2/20Relative strength
RS sector -22.5% · RS bench -21.3% · 1Y -37.3%
100% evidence
32. Capillary Technologies India Ltd · CAPILLARY
49.6/100 · Thin evidence · provisional · 59% evidence
Exact sum: 21.6 + 9.3 + 8.7 + 10 = 49.6
Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
21.6/35Growth & earnings
Revenue 22.5% · PAT 271.4% · OPM change -2 pp
88% evidence
9.3/25Capital efficiency
ROCE 3.6% · debt/equity 0.05×
100% evidence
8.7/20Valuation
P/E 128× · PEG —
15% evidence
10.0/20Relative strength
RS sector — · RS bench — · 1Y —
0% evidence
33. Blue Cloud Softech Solutions Ltd · 539607
49.3/100 · Mixed-negative evidence · 66% evidence
Exact sum: 20.3 + 10.5 + 9.6 + 8.9 = 49.3
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
20.3/35Growth & earnings
Revenue 25.7% · PAT 39.5% · OPM change 8 pp
83% evidence
10.5/25Capital efficiency
ROCE 14.2% · debt/equity 0.29×
80% evidence
9.6/20Valuation
P/E 31.2× · PEG —
15% evidence
8.9/20Relative strength
RS sector -1.9% · RS bench -13.7% · 1Y -39.5%
70% evidence
34. Wipro Ltd · WIPRO
49.2/100 · Mixed-negative evidence · 91% evidence
Exact sum: 14 + 13.7 + 13.2 + 8.3 = 49.2
Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity.
14.0/35Growth & earnings
Revenue 6.4% · PAT -1.7% · OPM change 0 pp
95% evidence
13.7/25Capital efficiency
ROCE 17.8% · debt/equity 0.27×
95% evidence
13.2/20Valuation
P/E 13.3× · PEG 1.4
100% evidence
8.3/20Relative strength
RS sector -1.9% · RS bench -22.4% · 1Y -34.1%
70% evidence
35. LTM Ltd · LTM
48.6/100 · Mixed-negative evidence · 100% evidence
Exact sum: 17 + 17 + 11.7 + 2.9 = 48.6
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
17.0/35Growth & earnings
Revenue 13.9% · PAT 10% · OPM change 1 pp
100% evidence
17.0/25Capital efficiency
ROCE 29.6% · debt/equity 0.1×
100% evidence
11.7/20Valuation
P/E 21.6× · PEG 1.18
100% evidence
2.9/20Relative strength
RS sector -21% · RS bench -19.4% · 1Y -20.5%
100% evidence
36. Unicommerce eSolutions Ltd · UNIECOM
47.3/100 · Mixed-negative evidence · 70% evidence
Exact sum: 15.1 + 17.6 + 9.2 + 5.4 = 47.3
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
15.1/35Growth & earnings
Revenue 51.6% · PAT 16.1% · OPM change -4.8 pp
83% evidence
17.6/25Capital efficiency
ROCE 21.1% · debt/equity 0.05×
95% evidence
9.2/20Valuation
P/E 46.4× · PEG —
15% evidence
5.4/20Relative strength
RS sector -14.5% · RS bench -22.9% · 1Y -32.6%
70% evidence
37. XT Global Infotech Ltd · XTGLOBAL
47.3/100 · Mixed-negative evidence · 61% evidence
Exact sum: 18.7 + 9.6 + 9.5 + 9.5 = 47.3
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
18.7/35Growth & earnings
Revenue 85.4% · PAT 29.4% · OPM change -6.6 pp
53% evidence
9.6/25Capital efficiency
ROCE 7.5% · debt/equity 0.27×
71% evidence
9.5/20Valuation
P/E 40.8× · PEG —
50% evidence
9.5/20Relative strength
RS sector -1.1% · RS bench -12.7% · 1Y -15.5%
70% evidence
38. Mastek Ltd · MASTEK
47.2/100 · Mixed-negative evidence · 83% evidence
Exact sum: 14.2 + 13.8 + 12.8 + 6.4 = 47.2
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
14.2/35Growth & earnings
Revenue 6% · PAT 5% · OPM change 0 pp
95% evidence
13.8/25Capital efficiency
ROCE 18% · debt/equity 0.15×
80% evidence
12.8/20Valuation
P/E 12× · PEG —
50% evidence
6.4/20Relative strength
RS sector -11.9% · RS bench -10.4% · 1Y -28.9%
100% evidence
39. Mphasis Ltd · MPHASIS
46.7/100 · Mixed-negative evidence · 94% evidence
Exact sum: 15.2 + 15.6 + 5.6 + 10.3 = 46.7
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
15.2/35Growth & earnings
Revenue 13.7% · PAT 9.9% · OPM change -1 pp
100% evidence
15.6/25Capital efficiency
ROCE 22.1% · debt/equity 0.24×
100% evidence
5.6/20Valuation
P/E 22.6× · PEG 2.19
100% evidence
10.3/20Relative strength
RS sector 0% · RS bench -7.3% · 1Y -15.5%
70% evidence
40. Mindteck (India) Ltd · MINDTECK
46.7/100 · Mixed-negative evidence · 77% evidence
Exact sum: 14.6 + 13.3 + 11.6 + 7.2 = 46.7
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
14.6/35Growth & earnings
Revenue -4% · PAT 10.3% · OPM change 2 pp
83% evidence
13.3/25Capital efficiency
ROCE 15.1% · debt/equity 0.01×
95% evidence
11.6/20Valuation
P/E 18.3× · PEG —
50% evidence
7.2/20Relative strength
RS sector -10.1% · RS bench -5.7% · 1Y -7.3%
70% evidence
41. Aurionpro Solutions Ltd · AURIONPRO
46.6/100 · Mixed-negative evidence · 89% evidence
Exact sum: 17.6 + 13.1 + 10 + 5.9 = 46.6
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
17.6/35Growth & earnings
Revenue 20.4% · PAT 11.6% · OPM change -1 pp
88% evidence
13.1/25Capital efficiency
ROCE 16.3% · debt/equity 0.04×
100% evidence
10.0/20Valuation
P/E 21× · PEG 1.28
65% evidence
5.9/20Relative strength
RS sector -19.4% · RS bench -18.1% · 1Y -45.8%
100% evidence
42. Birlasoft Ltd · BSOFT
45.6/100 · Mixed-negative evidence · 96% evidence
Exact sum: 15.1 + 14.9 + 14.4 + 1.2 = 45.6
Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity.
15.1/35Growth & earnings
Revenue -1.2% · PAT 0.2% · OPM change 5 pp
88% evidence
14.9/25Capital efficiency
ROCE 21.2% · debt/equity 0.03×
100% evidence
14.4/20Valuation
P/E 14.8× · PEG 0.62
100% evidence
1.2/20Relative strength
RS sector -25.2% · RS bench -23.3% · 1Y -31.3%
100% evidence
43. Hexaware Technologies Ltd · HEXT
45.5/100 · Mixed-negative evidence · 90% evidence
Exact sum: 14.7 + 16.9 + 8 + 5.9 = 45.5
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
14.7/35Growth & earnings
Revenue 11.3% · PAT 14% · OPM change 0 pp
88% evidence
16.9/25Capital efficiency
ROCE 30.1% · debt/equity 0.1×
100% evidence
8.0/20Valuation
P/E 23× · PEG 1.26
100% evidence
5.9/20Relative strength
RS sector -21.4% · RS bench -9% · 1Y -33.8%
70% evidence
44. TechNVision Ventures Ltd · TECHNVISN
45.0/100 · Mixed-negative evidence · 62% evidence
Exact sum: 17 + 7.8 + 8.5 + 11.7 = 45
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
17.0/35Growth & earnings
Revenue 18.2% · PAT 90.9% · OPM change -5.7 pp
62% evidence
7.8/25Capital efficiency
ROCE 12.9% · debt/equity 1.33×
95% evidence
8.5/20Valuation
P/E 14485× · PEG —
15% evidence
11.7/20Relative strength
RS sector 32.1% · RS bench -41.6% · 1Y -11.8%
70% evidence
45. Magellanic Cloud Ltd · MCLOUD
42.1/100 · Mixed-negative evidence · 77% evidence
Exact sum: 13.2 + 13.5 + 12 + 3.4 = 42.1
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
13.2/35Growth & earnings
Revenue 17.1% · PAT 11.7% · OPM change -3 pp
83% evidence
13.5/25Capital efficiency
ROCE 19.8% · debt/equity 0.42×
95% evidence
12.0/20Valuation
P/E 13.6× · PEG —
50% evidence
3.4/20Relative strength
RS sector -54.5% · RS bench -33.4% · 1Y -66.4%
70% evidence
46. 63 Moons Technologies Ltd · 63MOONS
41.6/100 · Mixed-negative evidence · 63% evidence
Exact sum: 16.6 + 8.4 + 10 + 6.6 = 41.6
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
16.6/35Growth & earnings
Revenue 100% · PAT -17% · OPM change 397 pp
83% evidence
8.4/25Capital efficiency
ROCE -3.7% · debt/equity 0×
80% evidence
10.0/20Valuation
P/E — · PEG —
0% evidence
6.6/20Relative strength
RS sector -22.4% · RS bench -2.2% · 1Y -30.6%
70% evidence
47. Allied Digital Services Ltd · ADSL
40.0/100 · Mixed-negative evidence · 62% evidence
Exact sum: 18.2 + 7 + 10.2 + 4.6 = 40
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
18.2/35Growth & earnings
Revenue 19.9% · PAT 25.8% · OPM change 0.8 pp
62% evidence
7.0/25Capital efficiency
ROCE 7.3% · debt/equity 0.22×
95% evidence
10.2/20Valuation
P/E 18.6× · PEG —
15% evidence
4.6/20Relative strength
RS sector -29.8% · RS bench -16.9% · 1Y -33.7%
70% evidence
48. Innovana Thinklabs Ltd · INNOVANA
39.3/100 · Mixed-negative evidence · 77% evidence
Exact sum: 10.3 + 10.5 + 9.5 + 9 = 39.3
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
10.3/35Growth & earnings
Revenue 27.9% · PAT -18.2% · OPM change -46.5 pp
83% evidence
10.5/25Capital efficiency
ROCE 16.4% · debt/equity 0.21×
95% evidence
9.5/20Valuation
P/E 18.6× · PEG —
50% evidence
9.0/20Relative strength
RS sector -0.4% · RS bench -21.7% · 1Y -44.3%
70% evidence
49. Kellton Tech Solutions Ltd · KELLTONTEC
36.4/100 · Mixed-negative evidence · 81% evidence
Exact sum: 10.3 + 9.5 + 11.5 + 5.1 = 36.4
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
10.3/35Growth & earnings
Revenue 9.5% · PAT 9.6% · OPM change -1 pp
95% evidence
9.5/25Capital efficiency
ROCE 15% · debt/equity 0.29×
95% evidence
11.5/20Valuation
P/E 8.2× · PEG —
50% evidence
5.1/20Relative strength
RS sector -18.8% · RS bench -24.1% · 1Y -47.2%
70% evidence
50. Moschip Technologies Ltd · MOSCHIP
33.6/100 · Adverse evidence · 87% evidence
Exact sum: 8.2 + 8.2 + 3.6 + 13.6 = 33.6
Decision use: Price leads the evidence: RS versus the benchmark is 14.8%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
8.2/35Growth & earnings
Revenue 8.4% · PAT -33.6% · OPM change -3.9 pp
100% evidence
8.2/25Capital efficiency
ROCE 11% · debt/equity 0.21×
100% evidence
3.6/20Valuation
P/E 141× · PEG 5.04
65% evidence
13.6/20Relative strength
RS sector 1.9% · RS bench 14.8% · 1Y 40.1%
70% evidence
51. Quick Heal Technologies Ltd · QUICKHEAL
27.9/100 · Adverse evidence · 65% evidence
Exact sum: 7.5 + 6.8 + 10 + 3.6 = 27.9
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
7.5/35Growth & earnings
Revenue -6.1% · PAT -80% · OPM change -47 pp
62% evidence
6.8/25Capital efficiency
ROCE -4.7% · debt/equity 0×
95% evidence
10.0/20Valuation
P/E — · PEG —
0% evidence
3.6/20Relative strength
RS sector -31.8% · RS bench -31.3% · 1Y -56.4%
100% evidence
52. Covance Softsol Ltd · 544361
67.8/100 · Thin evidence · provisional · 50% evidence
Exact sum: 25.7 + 19.2 + 10.5 + 12.4 = 67.8
Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
25.7/35Growth & earnings
Revenue 43.5% · PAT 100% · OPM change 19.7 pp
62% evidence
19.2/25Capital efficiency
ROCE 31.4% · debt/equity 0×
80% evidence
10.5/20Valuation
P/E 17× · PEG —
15% evidence
12.4/20Relative strength
RS sector — · RS bench 99.8% · 1Y —
25% evidence
53. TAC Infosec Ltd · TAC
54.1/100 · Thin evidence · provisional · 50% evidence
Exact sum: 18.2 + 20.8 + 9 + 6.1 = 54.1
Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
18.2/35Growth & earnings
Revenue — · PAT — · OPM change -6 pp
26% evidence
20.8/25Capital efficiency
ROCE 38.1% · debt/equity 0.01×
95% evidence
9.0/20Valuation
P/E 50.5× · PEG —
15% evidence
6.1/20Relative strength
RS sector -13.2% · RS bench -17.5% · 1Y 1.6%
70% evidence
54. Kody Technolab Ltd · KODYTECH
53.7/100 · Thin evidence · provisional · 48% evidence
Exact sum: 15.3 + 14.2 + 8.8 + 15.4 = 53.7
Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
15.3/35Growth & earnings
Revenue — · PAT — · OPM change -5 pp
19% evidence
14.2/25Capital efficiency
ROCE 16.8% · debt/equity 0.04×
95% evidence
8.8/20Valuation
P/E 104× · PEG —
15% evidence
15.4/20Relative strength
RS sector 10.3% · RS bench 50.9% · 1Y 62.8%
70% evidence
55. Unified Data- Tech Solutions Ltd · UNIFIED
53.4/100 · Thin evidence · provisional · 23% evidence
Exact sum: 15.8 + 17.9 + 9.7 + 10 = 53.4
Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
15.8/35Growth & earnings
Revenue — · PAT — · OPM change -8 pp
15% evidence
17.9/25Capital efficiency
ROCE 47.9% · debt/equity 0×
60% evidence
9.7/20Valuation
P/E 23.2× · PEG —
15% evidence
10.0/20Relative strength
RS sector — · RS bench — · 1Y 5.1%
0% evidence
56. Meta Infotech Ltd · META
52.8/100 · Thin evidence · provisional · 21% evidence
Exact sum: 17.1 + 14.6 + 11.1 + 10 = 52.8
Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
17.1/35Growth & earnings
Revenue — · PAT — · OPM change -2 pp
10% evidence
14.6/25Capital efficiency
ROCE 51.1% · debt/equity 0.44×
60% evidence
11.1/20Valuation
P/E 13× · PEG —
15% evidence
10.0/20Relative strength
RS sector — · RS bench — · 1Y -54.2%
0% evidence
57. Exato Technologies Ltd · 544626
51.6/100 · Thin evidence · provisional · 34% evidence
Exact sum: 17.1 + 15 + 9.5 + 10 = 51.6
Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
17.1/35Growth & earnings
Revenue — · PAT — · OPM change -3.9 pp
32% evidence
15.0/25Capital efficiency
ROCE 26.8% · debt/equity 0.24×
80% evidence
9.5/20Valuation
P/E 35.6× · PEG —
15% evidence
10.0/20Relative strength
RS sector — · RS bench — · 1Y —
0% evidence
58. Excelsoft Technologies Ltd · EXCELSOFT
48.6/100 · Thin evidence · provisional · 43% evidence
Exact sum: 12.8 + 15.5 + 10.3 + 10 = 48.6
Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
12.8/35Growth & earnings
Revenue — · PAT — · OPM change -11 pp
45% evidence
15.5/25Capital efficiency
ROCE 13.6% · debt/equity 0.01×
95% evidence
10.3/20Valuation
P/E 18.4× · PEG —
15% evidence
10.0/20Relative strength
RS sector — · RS bench — · 1Y —
0% evidence
59. ERP Soft Systems Ltd · 530909
46.6/100 · Thin evidence · provisional · 42% evidence
Exact sum: 20.3 + 9.8 + 8.9 + 7.6 = 46.6
Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
20.3/35Growth & earnings
Revenue 19.1% · PAT 100% · OPM change -1.1 pp
53% evidence
9.8/25Capital efficiency
ROCE 1.6% · debt/equity 0.09×
60% evidence
8.9/20Valuation
P/E 74.9× · PEG —
15% evidence
7.6/20Relative strength
RS sector — · RS bench -47.6% · 1Y -58.8%
25% evidence
60. Trident Techlabs Ltd · TECHLABS
45.2/100 · Thin evidence · provisional · 40% evidence
Exact sum: 16.2 + 14.9 + 10.8 + 3.3 = 45.2
Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
16.2/35Growth & earnings
Revenue — · PAT — · OPM change -2 pp
15% evidence
14.9/25Capital efficiency
ROCE 26.7% · debt/equity 0.27×
71% evidence
10.8/20Valuation
P/E 14.9× · PEG —
15% evidence
3.3/20Relative strength
RS sector -50.3% · RS bench -56.5% · 1Y -66.5%
70% evidence
61. Veefin Solutions Ltd · VEEFIN
43.9/100 · Thin evidence · provisional · 34% evidence
Exact sum: 17 + 10.9 + 9.3 + 6.7 = 43.9
Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
17.0/35Growth & earnings
Revenue — · PAT — · OPM change -12.4 pp
5% evidence
10.9/25Capital efficiency
ROCE 6.8% · debt/equity 0.21×
60% evidence
9.3/20Valuation
P/E 40.5× · PEG —
15% evidence
6.7/20Relative strength
RS sector -7.2% · RS bench -18.7% · 1Y -26.6%
70% evidence
62. IDream Film Infrastructure Company Ltd · 504375
40.0/100 · Thin evidence · provisional · 32% evidence
Exact sum: 13.5 + 4 + 10 + 12.5 = 40
Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
13.5/35Growth & earnings
Revenue — · PAT 0% · OPM change —
29% evidence
4.0/25Capital efficiency
ROCE -9.2% · debt/equity 16.15×
68% evidence
10.0/20Valuation
P/E — · PEG —
0% evidence
12.5/20Relative strength
RS sector — · RS bench 147.2% · 1Y —
25% evidence
63. Orient Technologies Ltd · ORIENTTECH
37.1/100 · Thin evidence · provisional · 45% evidence
Exact sum: 15.6 + 5 + 9.1 + 7.4 = 37.1
Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
15.6/35Growth & earnings
Revenue — · PAT — · OPM change -5 pp
13% evidence
5.0/25Capital efficiency
ROCE 8.4% · debt/equity 0.18×
95% evidence
9.1/20Valuation
P/E 47.3× · PEG —
15% evidence
7.4/20Relative strength
RS sector -7.1% · RS bench -11.1% · 1Y -9.3%
70% evidence
01 · compare level, then change
Revenue Scale & Growth Durability
Tata Consultancy Services Ltd has the highest Revenue among the 63 IT - Software companies compared here, at ₹2,75,859 crore. Infosys Ltd is next at ₹1,84,582 crore. String Metaverse Ltd has the highest Revenue growth at the 100% top of the scoring scale, so level and change sit with different companies.
What the numbers say: Tata Consultancy Services Ltd is the scale leader at ₹2,75,859 crore, 49.5% ahead of Infosys Ltd. String Metaverse Ltd's growth is stored at the ≥100% scoring cap; the uncapped TTM change is 161.8% from a ₹1,068 crore base, with 13 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.
LeaderTata Consultancy Services Ltd · ₹2,75,859 crore
Gap49.5% versus #2 · Infosys Ltd
Persistence8/8 recent comparable periods
Coverage55/63 companies · 850 observations
Investor read: Tata Consultancy Services Ltd is the scale benchmark; String Metaverse Ltd is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.
This conclusion weakens if: Tata Consultancy Services Ltd's growth falls below String Metaverse 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
1Tata Consultancy Services Ltd TCS₹2.8 L Cr
2Infosys Ltd INFY₹1.8 L Cr
3HCL Technologies Ltd HCLTECH₹1.3 L Cr
4Wipro Ltd WIPRO₹95.0K Cr
5Tech Mahindra Ltd TECHM₹59.2K Cr
Revenue growthfastest growers
1String Metaverse Ltd 534535100%
2Hypersoft Technologies Ltd 539724100%
363 Moons Technologies Ltd 63MOONS100%
4BLS E-Services Ltd BLSE100%
5AvenuesAI Ltd CCAVENUE100%
Revenue · company comparison
55/63 level · 53/63 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 |
|---|---|---|---|
| Tata Consultancy Services Ltd TCS | ₹72.3K Cr | 14% | Jun 2026 |
| Infosys Ltd INFY | ₹48.2K Cr | 14% | Jun 2026 |
| HCL Technologies Ltd HCLTECH | ₹34.6K Cr | 14% | Jun 2026 |
| Wipro Ltd WIPRO | ₹24.5K Cr | 11% | Jun 2026 |
| Tech Mahindra Ltd TECHM | ₹15.7K Cr | 18% | Jun 2026 |
| LTM Ltd LTM | ₹11.6K Cr | 18% | Jun 2026 |
| Coforge Ltd COFORGE | ₹4.5K Cr | 30% | Mar 2026 |
| Mphasis Ltd MPHASIS | ₹4.4K Cr | 17% | Jun 2026 |
| Hexaware Technologies Ltd HEXT | ₹3.6K Cr | 13% | Mar 2026 |
| Sonata Software Ltd SONATSOFTW | ₹2.5K Cr | -3.1% | Mar 2026 |
| AvenuesAI Ltd CCAVENUE | ₹2.5K Cr | 114% | Mar 2026 |
| Zensar Technologies Ltd ZENSARTECH | ₹1.5K Cr | 6.7% | Mar 2026 |
| Birlasoft Ltd BSOFT | ₹1.3K Cr | 2.4% | Mar 2026 |
| Tanla Platforms Ltd TANLA | ₹1.2K Cr | 18% | Jun 2026 |
| Mastek Ltd MASTEK | ₹985 Cr | 7.7% | Jun 2026 |
| Cigniti Technologies Ltd CIGNITITEC | ₹579 Cr | 12% | Dec 2025 |
| R Systems International Ltd RSYSTEMS | ₹575 Cr | 30% | Mar 2026 |
| Datamatics Global Services Ltd DATAMATICS | ₹519 Cr | 4.4% | Mar 2026 |
| Dynacons Systems & Solutions Ltd DSSL⚠ unverified | ₹402 Cr | 22% | Mar 2026 |
| Seshaasai Technologies Ltd STYL | ₹376 Cr | 21% | Jun 2026 |
| String Metaverse Ltd 534535 | ₹359 Cr | 133% | Mar 2026 |
| Aurionpro Solutions Ltd AURIONPRO | ₹346 Cr | 5.8% | Mar 2026 |
| Sasken Technologies Ltd SASKEN | ₹334 Cr | 126% | Mar 2026 |
| BLS E-Services Ltd BLSE | ₹323 Cr | 35% | Mar 2026 |
| Kellton Tech Solutions Ltd KELLTONTEC⚠ unverified | ₹316 Cr | 7.1% | Jun 2026 |
| Expleo Solutions Ltd EXPLEOSOL⚠ unverified | ₹286 Cr | 12% | Mar 2026 |
| Blue Cloud Softech Solutions Ltd 539607 | ₹278 Cr | 51% | Mar 2026 |
| Allied Digital Services Ltd ADSL⚠ unverified | ₹268 Cr | 31% | Mar 2026 |
| Saksoft Ltd SAKSOFT | ₹249 Cr | 3.8% | Mar 2026 |
| Sahana Systems Ltd SAHANA⚠ unverified | ₹217 Cr | 89% | Mar 2026 |
| Meta Infotech Ltd META | ₹210 Cr | 14% | Sep 2025 |
| Magellanic Cloud Ltd MCLOUD⚠ unverified | ₹206 Cr | 32% | Mar 2026 |
| Capillary Technologies India Ltd CAPILLARY | ₹191 Cr | 26% | Mar 2026 |
| Orient Technologies Ltd ORIENTTECH⚠ unverified | ₹184 Cr | — | Mar 2026 |
| InfoBeans Technologies Ltd INFOBEAN⚠ unverified | ₹153 Cr | 37% | Jun 2026 |
| Unified Data- Tech Solutions Ltd UNIFIED | ₹149 Cr | 41% | Sep 2025 |
| ASM Technologies Ltd 526433 | ₹135 Cr | 17% | Mar 2026 |
| 63 Moons Technologies Ltd 63MOONS | ₹134 Cr | 857% | Mar 2026 |
| Moschip Technologies Ltd MOSCHIP | ₹116 Cr | -14% | Jun 2026 |
| IZMO Ltd IZMO⚠ unverified | ₹109 Cr | 82% | Mar 2026 |
| Mindteck (India) Ltd MINDTECK⚠ unverified | ₹104 Cr | 0.0% | Mar 2026 |
| Veefin Solutions Ltd VEEFIN | ₹104 Cr | — | Dec 2025 |
| Silver Touch Technologies Ltd SILVERTUC | ₹101 Cr | 17% | Mar 2026 |
| XT Global Infotech Ltd XTGLOBAL | ₹92 Cr | 89% | Dec 2025 |
| Excelsoft Technologies Ltd EXCELSOFT⚠ unverified | ₹81 Cr | 16% | Mar 2026 |
| Subex Ltd SUBEXLTD⚠ unverified | ₹73 Cr | 3.3% | Mar 2026 |
| TechNVision Ventures Ltd TECHNVISN⚠ unverified | ₹67 Cr | 71% | Mar 2026 |
| Trident Techlabs Ltd TECHLABS | ₹64 Cr | 205% | Sep 2025 |
| Exato Technologies Ltd 544626 | ₹61 Cr | 4.0% | Mar 2026 |
| Unicommerce eSolutions Ltd UNIECOM⚠ unverified | ₹52 Cr | 14% | Mar 2026 |
| Xchanging Solutions Ltd XCHANGING⚠ unverified | ₹51 Cr | 0.0% | Mar 2026 |
| Kody Technolab Ltd KODYTECH⚠ unverified | ₹49 Cr | 53% | Mar 2026 |
| Quick Heal Technologies Ltd QUICKHEAL⚠ unverified | ₹49 Cr | -25% | Mar 2026 |
| Softtech Engineers Ltd SOFTTECH | ₹47 Cr | 50% | Mar 2026 |
| NINtec Systems Ltd NINSYS⚠ unverified | ₹46 Cr | 23% | Mar 2026 |
| Covance Softsol Ltd 544361 | ₹43 Cr | 76% | Mar 2026 |
| Ksolves India Ltd KSOLVES⚠ unverified | ₹41 Cr | 10% | Jun 2026 |
| Hypersoft Technologies Ltd 539724 | ₹38 Cr | 393% | Mar 2026 |
| Innovana Thinklabs Ltd INNOVANA⚠ unverified | ₹33 Cr | 23% | Mar 2026 |
| TAC Infosec Ltd TAC⚠ unverified | ₹28 Cr | 56% | Mar 2026 |
| RNIT AI Solutions Ltd AUTOPALIND | ₹18 Cr | 42% | Mar 2026 |
| ERP Soft Systems Ltd 530909 | ₹2 Cr | -7.5% | Dec 2025 |
| IDream Film Infrastructure Company Ltd 504375 | ₹0 Cr | -100% | Mar 2026 |
Full 20-quarter history · every available company
Revenue · reported quarter history
Showing the 12 largest of 63 companies with a series here. The remaining 51 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Coforge Ltd · COFORGE
₹1.7K Cr
₹1.7K Cr
₹1.8K Cr
—
₹2.0K Cr
₹2.1K Cr
₹2.2K Cr
₹2.2K Cr
₹2.3K Cr
₹2.3K Cr
₹2.3K Cr
₹2.4K Cr
₹3.0K Cr
₹3.3K Cr
₹3.4K Cr
₹3.7K Cr
₹4.0K Cr
₹4.2K Cr
₹4.5K Cr
—
HCL Technologies Ltd · HCLTECH
—
—
—
—
—
₹26.7K Cr
₹26.6K Cr
₹26.3K Cr
₹26.7K Cr
₹28.4K Cr
₹28.5K Cr
₹28.1K Cr
₹28.9K Cr
₹29.9K Cr
₹30.2K Cr
₹30.3K Cr
₹31.9K Cr
₹33.9K Cr
₹34.0K Cr
₹34.6K Cr
Hexaware Technologies Ltd · HEXT
—
—
—
—
—
—
₹2.6K Cr
₹2.6K Cr
₹2.7K Cr
₹2.6K Cr
₹2.7K Cr
₹2.9K Cr
₹3.1K Cr
₹3.2K Cr
₹3.2K Cr
₹3.3K Cr
₹3.5K Cr
₹3.5K Cr
₹3.6K Cr
—
IDream Film Infrastructure Company Ltd · 504375
—
—
—
—
—
—
₹0 Cr
₹0 Cr
₹0 Cr
₹0 Cr
₹0 Cr
₹0 Cr
₹0 Cr
₹0 Cr
₹0 Cr
₹0 Cr
₹0 Cr
₹0 Cr
₹0 Cr
—
Infosys Ltd · INFY
—
—
—
—
—
₹38.3K Cr
₹37.4K Cr
₹37.9K Cr
₹39.0K Cr
₹38.8K Cr
₹37.9K Cr
₹39.3K Cr
₹41.0K Cr
₹41.8K Cr
₹40.9K Cr
₹42.3K Cr
₹44.5K Cr
₹45.5K Cr
₹46.4K Cr
₹48.2K Cr
LTM Ltd · LTM
₹4.1K Cr
₹14.7K Cr
₹4.5K Cr
—
₹4.8K Cr
₹8.6K Cr
₹8.7K Cr
₹8.7K Cr
₹8.9K Cr
₹9.0K Cr
₹8.9K Cr
₹9.1K Cr
₹9.4K Cr
₹9.7K Cr
₹9.8K Cr
₹9.8K Cr
₹10.4K Cr
₹10.8K Cr
₹11.3K Cr
₹11.6K Cr
Mphasis Ltd · MPHASIS
₹3.1K Cr
₹3.3K Cr
₹3.4K Cr
—
₹3.5K Cr
₹3.5K Cr
₹3.4K Cr
₹3.3K Cr
₹3.3K Cr
₹3.3K Cr
₹3.4K Cr
₹3.4K Cr
₹3.5K Cr
₹3.6K Cr
₹3.7K Cr
₹3.7K Cr
₹3.9K Cr
₹4.0K Cr
₹4.2K Cr
₹4.4K Cr
Sonata Software Ltd · SONATSOFTW
₹1.9K Cr
₹1.5K Cr
₹1.8K Cr
—
₹1.5K Cr
₹2.3K Cr
₹1.9K Cr
₹2.0K Cr
₹1.9K Cr
₹2.5K Cr
₹2.2K Cr
₹2.5K Cr
₹2.2K Cr
₹2.8K Cr
₹2.6K Cr
₹3.0K Cr
₹2.1K Cr
₹3.1K Cr
₹2.5K Cr
—
Tata Consultancy Services Ltd · TCS
₹48.9K Cr
₹50.6K Cr
₹52.8K Cr
—
₹55.3K Cr
₹58.2K Cr
₹59.2K Cr
₹59.4K Cr
₹59.7K Cr
₹60.6K Cr
₹61.2K Cr
₹62.6K Cr
₹64.3K Cr
₹64.0K Cr
₹64.5K Cr
₹63.4K Cr
₹65.8K Cr
₹67.1K Cr
₹70.7K Cr
₹72.3K Cr
Tech Mahindra Ltd · TECHM
₹11.5K Cr
₹12.1K Cr
₹12.7K Cr
—
₹13.1K Cr
₹13.7K Cr
₹13.7K Cr
₹13.2K Cr
₹12.9K Cr
₹13.1K Cr
₹12.9K Cr
₹13.0K Cr
₹13.3K Cr
₹13.3K Cr
₹13.4K Cr
₹13.4K Cr
₹14.0K Cr
₹14.4K Cr
₹15.1K Cr
₹15.7K Cr
Wipro Ltd · WIPRO
₹20.3K Cr
₹20.9K Cr
₹21.5K Cr
—
₹22.5K Cr
₹23.2K Cr
₹23.2K Cr
₹22.8K Cr
₹22.5K Cr
₹22.2K Cr
₹22.2K Cr
₹22.0K Cr
₹22.3K Cr
₹22.3K Cr
₹22.5K Cr
₹22.1K Cr
₹22.7K Cr
₹23.6K Cr
₹24.2K Cr
₹24.5K Cr
Zensar Technologies Ltd · ZENSARTECH
₹1.1K Cr
₹1.2K Cr
₹1.2K Cr
—
₹1.2K Cr
₹1.2K Cr
₹1.2K Cr
₹1.2K Cr
₹1.2K Cr
₹1.2K Cr
₹1.2K Cr
₹1.3K Cr
₹1.3K Cr
₹1.3K Cr
₹1.4K Cr
₹1.4K Cr
₹1.4K Cr
₹1.4K Cr
₹1.5K Cr
—
Revenue growth · reported quarter history
Showing the 12 largest of 61 companies with a series here. The remaining 49 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Coforge Ltd · COFORGE
—
—
25%
—
25%
24%
25%
21%
16%
13%
6.8%
6.1%
33%
40%
48%
57%
32%
30%
30%
—
HCL Technologies Ltd · HCLTECH
—
—
—
—
—
—
—
—
—
6.5%
7.1%
6.7%
8.2%
5.1%
6.1%
8.2%
11%
13%
12%
14%
Hexaware Technologies Ltd · HEXT
—
—
—
—
—
—
—
—
—
—
7.6%
15%
18%
21%
17%
11%
11%
10%
13%
—
IDream Film Infrastructure Company Ltd · 504375
—
—
—
—
—
—
—
—
—
—
—
—
—
—
-100%
—
—
—
—
—
Infosys Ltd · INFY
—
—
—
—
—
—
—
—
—
1.3%
1.3%
3.6%
5.1%
7.6%
7.9%
7.5%
8.6%
8.9%
13%
14%
LTM Ltd · LTM
—
—
—
—
28%
108%
-41%
92%
84%
4.6%
2.3%
5.1%
5.9%
7.1%
9.9%
7.6%
10%
12%
16%
18%
Mphasis Ltd · MPHASIS
—
—
27%
—
23%
12%
2.5%
-4.7%
-6.9%
-4.8%
1.5%
5.2%
7.9%
6.7%
8.7%
9.1%
10%
12%
14%
17%
Sonata Software Ltd · SONATSOFTW
—
—
40%
—
55%
22%
31%
13%
28%
10%
15%
25%
13%
14%
19%
17%
-2.4%
8.4%
-3.1%
—
Tata Consultancy Services Ltd · TCS
—
—
—
—
18%
19%
17%
13%
7.9%
4.0%
3.5%
5.4%
7.7%
5.6%
5.3%
1.3%
2.4%
4.9%
9.7%
14%
Tech Mahindra Ltd · TECHM
—
—
—
—
21%
20%
13%
3.6%
-2.0%
-4.6%
-6.2%
-1.2%
3.5%
1.4%
4.0%
2.7%
5.1%
8.3%
13%
18%
Wipro Ltd · WIPRO
—
—
—
—
15%
14%
11%
6.1%
-0.1%
-4.4%
-4.2%
-3.8%
-1.0%
0.5%
1.3%
0.8%
1.8%
5.5%
7.7%
11%
Zensar Technologies Ltd · ZENSARTECH
—
—
28%
—
18%
8.6%
5.1%
2.0%
0.5%
0.5%
1.4%
5.0%
5.4%
10%
10%
7.5%
8.6%
7.9%
6.7%
—
02 · compare level, then change
Operating Economics & Margin Trend
TAC Infosec Ltd has the highest OPM among the 63 IT - Software companies compared here, at 45%. RNIT AI Solutions Ltd is next at 40.2%. 63 Moons Technologies Ltd has the highest Margin change at +397 percentage points, so level and change sit with different companies. 62 of 63 companies report a comparable reading, the latest through Mar 2026.
What the numbers say: TAC Infosec Ltd leads opm at 45%; 63 Moons Technologies Ltd leads margin change at +397 percentage points.
LeaderTAC Infosec Ltd · 45%
Gap11.9% versus #2 · RNIT AI Solutions Ltd
Persistence2/4 recent comparable periods
Coverage62/63 companies · 945 observations
Investor read: TAC Infosec 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
1TAC Infosec Ltd TAC⚠ unverified45%
2RNIT AI Solutions Ltd AUTOPALIND40%
3Xchanging Solutions Ltd XCHANGING⚠ unverified37%
4Ksolves India Ltd KSOLVES⚠ unverified30%
5NINtec Systems Ltd NINSYS⚠ unverified30%
Margin changefastest expanders
163 Moons Technologies Ltd 63MOONS+397.0 pp
2Subex Ltd SUBEXLTD⚠ unverified+31.0 pp
3Covance Softsol Ltd 544361+19.7 pp
4NINtec Systems Ltd NINSYS⚠ unverified+8.1 pp
5Blue Cloud Softech Solutions Ltd 539607+8.0 pp
Operating margin · company comparison
62/63 level · 62/63 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 |
|---|---|---|---|
| TAC Infosec Ltd TAC⚠ unverified | 45% | −6.0 pp | Mar 2026 |
| RNIT AI Solutions Ltd AUTOPALIND | 40% | +5.1 pp | Mar 2026 |
| Xchanging Solutions Ltd XCHANGING⚠ unverified | 37% | +3.0 pp | Mar 2026 |
| Ksolves India Ltd KSOLVES⚠ unverified | 30% | +3.9 pp | Jun 2026 |
| NINtec Systems Ltd NINSYS⚠ unverified | 30% | +8.1 pp | Mar 2026 |
| Excelsoft Technologies Ltd EXCELSOFT⚠ unverified | 30% | −11.0 pp | Mar 2026 |
| Kody Technolab Ltd KODYTECH⚠ unverified | 29% | −5.0 pp | Mar 2026 |
| Sahana Systems Ltd SAHANA⚠ unverified | 29% | −3.0 pp | Mar 2026 |
| Trident Techlabs Ltd TECHLABS | 27% | −2.0 pp | Sep 2025 |
| Tata Consultancy Services Ltd TCS | 26% | −1.0 pp | Jun 2026 |
| Magellanic Cloud Ltd MCLOUD⚠ unverified | 26% | −3.0 pp | Mar 2026 |
| Infosys Ltd INFY | 24% | 0.0 pp | Jun 2026 |
| Covance Softsol Ltd 544361 | 23% | +19.7 pp | Mar 2026 |
| Seshaasai Technologies Ltd STYL | 23% | 0.0 pp | Jun 2026 |
| Softtech Engineers Ltd SOFTTECH | 21% | +6.2 pp | Mar 2026 |
| Datamatics Global Services Ltd DATAMATICS | 21% | +6.0 pp | Mar 2026 |
| Silver Touch Technologies Ltd SILVERTUC | 21% | +3.0 pp | Mar 2026 |
| InfoBeans Technologies Ltd INFOBEAN⚠ unverified | 21% | 0.0 pp | Jun 2026 |
| HCL Technologies Ltd HCLTECH | 20% | 0.0 pp | Jun 2026 |
| Coforge Ltd COFORGE | 20% | +5.0 pp | Mar 2026 |
| Veefin Solutions Ltd VEEFIN | 20% | −12.4 pp | Dec 2025 |
| Wipro Ltd WIPRO | 19% | 0.0 pp | Jun 2026 |
| Aurionpro Solutions Ltd AURIONPRO | 19% | −1.0 pp | Mar 2026 |
| ASM Technologies Ltd 526433 | 18% | −4.0 pp | Mar 2026 |
| LTM Ltd LTM | 18% | +1.0 pp | Jun 2026 |
| Mphasis Ltd MPHASIS | 18% | −1.0 pp | Jun 2026 |
| Birlasoft Ltd BSOFT | 18% | +5.0 pp | Mar 2026 |
| Cigniti Technologies Ltd CIGNITITEC | 18% | +2.0 pp | Dec 2025 |
| R Systems International Ltd RSYSTEMS | 18% | +2.0 pp | Mar 2026 |
| Saksoft Ltd SAKSOFT | 18% | +3.0 pp | Mar 2026 |
| Blue Cloud Softech Solutions Ltd 539607 | 17% | +8.0 pp | Mar 2026 |
| Tech Mahindra Ltd TECHM | 17% | +3.0 pp | Jun 2026 |
| Hexaware Technologies Ltd HEXT | 16% | 0.0 pp | Mar 2026 |
| Zensar Technologies Ltd ZENSARTECH | 16% | 0.0 pp | Mar 2026 |
| Tanla Platforms Ltd TANLA | 16% | 0.0 pp | Jun 2026 |
| Capillary Technologies India Ltd CAPILLARY | 16% | −2.0 pp | Mar 2026 |
| Mastek Ltd MASTEK | 15% | 0.0 pp | Jun 2026 |
| Expleo Solutions Ltd EXPLEOSOL⚠ unverified | 15% | −1.0 pp | Mar 2026 |
| IZMO Ltd IZMO⚠ unverified | 14% | −5.0 pp | Mar 2026 |
| Unicommerce eSolutions Ltd UNIECOM⚠ unverified | 13% | −4.8 pp | Mar 2026 |
| Unified Data- Tech Solutions Ltd UNIFIED | 13% | −8.0 pp | Sep 2025 |
| Subex Ltd SUBEXLTD⚠ unverified | 13% | +31.0 pp | Mar 2026 |
| Kellton Tech Solutions Ltd KELLTONTEC⚠ unverified | 11% | −1.0 pp | Jun 2026 |
| Exato Technologies Ltd 544626 | 10% | −3.9 pp | Mar 2026 |
| String Metaverse Ltd 534535 | 10% | 0.0 pp | Mar 2026 |
| Sasken Technologies Ltd SASKEN | 10% | +5.0 pp | Mar 2026 |
| Mindteck (India) Ltd MINDTECK⚠ unverified | 10% | +2.0 pp | Mar 2026 |
| Innovana Thinklabs Ltd INNOVANA⚠ unverified | 9.7% | −46.5 pp | Mar 2026 |
| XT Global Infotech Ltd XTGLOBAL | 9.5% | −6.6 pp | Dec 2025 |
| Dynacons Systems & Solutions Ltd DSSL⚠ unverified | 9.0% | 0.0 pp | Mar 2026 |
| Moschip Technologies Ltd MOSCHIP | 8.2% | −3.9 pp | Jun 2026 |
| Sonata Software Ltd SONATSOFTW | 8.0% | +1.0 pp | Mar 2026 |
| Meta Infotech Ltd META | 8.0% | −2.0 pp | Sep 2025 |
| Hypersoft Technologies Ltd 539724 | 7.5% | −9.8 pp | Mar 2026 |
| BLS E-Services Ltd BLSE | 6.0% | −2.0 pp | Mar 2026 |
| AvenuesAI Ltd CCAVENUE | 4.0% | −2.0 pp | Mar 2026 |
| Orient Technologies Ltd ORIENTTECH⚠ unverified | 2.4% | −5.0 pp | Mar 2026 |
| ERP Soft Systems Ltd 530909 | 1.7% | −1.1 pp | Dec 2025 |
| IDream Film Infrastructure Company Ltd 504375 | 0.0% | — | Mar 2026 |
| Allied Digital Services Ltd ADSL⚠ unverified | -3.8% | +0.8 pp | Mar 2026 |
| TechNVision Ventures Ltd TECHNVISN⚠ unverified | -4.1% | −5.7 pp | Mar 2026 |
| 63 Moons Technologies Ltd 63MOONS | -57% | +397.0 pp | Mar 2026 |
| Quick Heal Technologies Ltd QUICKHEAL⚠ unverified | -60% | −47.0 pp | Mar 2026 |
Full 20-quarter history · every available company
OPM · reported quarter history
Showing the 12 largest of 63 companies with a series here. The remaining 51 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Coforge Ltd · COFORGE
18%
18%
16%
—
17%
17%
14%
14%
15%
17%
17%
13%
14%
13%
15%
16%
18%
17%
20%
—
HCL Technologies Ltd · HCLTECH
24%
22%
21%
—
22%
24%
22%
20%
22%
24%
21%
21%
22%
23%
21%
20%
20%
22%
20%
20%
Hexaware Technologies Ltd · HEXT
—
—
—
—
—
—
14%
14%
14%
13%
15%
15%
16%
16%
16%
12%
17%
11%
16%
—
IDream Film Infrastructure Company Ltd · 504375
—
—
—
—
—
—
—
—
—
—
0.0%
—
—
—
—
—
—
—
—
—
Infosys Ltd · INFY
26%
24%
23%
—
24%
24%
24%
24%
24%
24%
23%
24%
24%
24%
24%
24%
24%
23%
24%
24%
LTM Ltd · LTM
20%
20%
20%
—
20%
16%
18%
19%
18%
18%
17%
18%
18%
16%
16%
17%
19%
19%
17%
18%
Mphasis Ltd · MPHASIS
18%
18%
18%
—
18%
18%
18%
18%
18%
18%
19%
18%
18%
19%
19%
19%
18%
19%
19%
18%
Sonata Software Ltd · SONATSOFTW
7.1%
7.4%
8.0%
—
10%
7.0%
8.0%
9.0%
10%
8.0%
7.0%
7.0%
8.0%
6.0%
7.0%
5.0%
8.0%
6.0%
8.0%
—
Tata Consultancy Services Ltd · TCS
27%
27%
25%
—
26%
27%
27%
25%
26%
27%
28%
27%
26%
27%
26%
27%
27%
27%
27%
26%
Tech Mahindra Ltd · TECHM
18%
17%
15%
—
15%
16%
13%
10%
7.0%
9.0%
9.0%
12%
13%
14%
14%
14%
15%
16%
17%
17%
Wipro Ltd · WIPRO
21%
20%
18%
—
17%
20%
19%
18%
18%
19%
20%
20%
20%
20%
21%
19%
19%
18%
20%
19%
Zensar Technologies Ltd · ZENSARTECH
14%
14%
11%
—
8.5%
11%
14%
19%
19%
17%
17%
15%
15%
16%
16%
15%
15%
17%
16%
—
Margin change · reported quarter history
Showing the 12 largest of 62 companies with a series here. The remaining 50 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Coforge Ltd · COFORGE
+1.4 pp
+1.3 pp
+1.3 pp
—
−0.3 pp
−1.3 pp
−3.9 pp
−1.8 pp
−2.2 pp
0.0 pp
+3.0 pp
−1.0 pp
−1.0 pp
−4.0 pp
−2.0 pp
+3.0 pp
+4.0 pp
+4.0 pp
+5.0 pp
—
HCL Technologies Ltd · HCLTECH
−5.0 pp
−0.8 pp
−4.0 pp
—
−2.3 pp
−0.2 pp
−0.4 pp
−1.2 pp
+0.0 pp
0.0 pp
−1.0 pp
+1.0 pp
0.0 pp
−1.0 pp
0.0 pp
−1.0 pp
−2.0 pp
−1.0 pp
−1.0 pp
0.0 pp
Hexaware Technologies Ltd · HEXT
—
—
—
—
—
—
—
—
—
—
+1.3 pp
+1.3 pp
+2.1 pp
+3.0 pp
+1.0 pp
−3.0 pp
+1.0 pp
−5.0 pp
0.0 pp
—
Infosys Ltd · INFY
−2.3 pp
−3.3 pp
−3.8 pp
—
−2.1 pp
−2.3 pp
−0.3 pp
+1.2 pp
−0.4 pp
0.0 pp
−1.0 pp
0.0 pp
0.0 pp
0.0 pp
+1.0 pp
0.0 pp
0.0 pp
−1.0 pp
0.0 pp
0.0 pp
LTM Ltd · LTM
−3.1 pp
−2.2 pp
+0.8 pp
—
+0.4 pp
−4.1 pp
−1.7 pp
−0.5 pp
−1.9 pp
+2.0 pp
−1.0 pp
−1.0 pp
0.0 pp
−2.0 pp
−1.0 pp
−1.0 pp
+1.0 pp
+3.0 pp
+1.0 pp
+1.0 pp
Mphasis Ltd · MPHASIS
−1.1 pp
−0.9 pp
−0.6 pp
—
+0.2 pp
+0.3 pp
+0.4 pp
+0.4 pp
+0.5 pp
0.0 pp
+1.0 pp
0.0 pp
0.0 pp
+1.0 pp
0.0 pp
+1.0 pp
0.0 pp
0.0 pp
0.0 pp
−1.0 pp
Sonata Software Ltd · SONATSOFTW
−0.9 pp
−2.2 pp
0.0 pp
—
−2.4 pp
−0.1 pp
+0.6 pp
+1.0 pp
−0.3 pp
+1.0 pp
−1.0 pp
−2.0 pp
−2.0 pp
−2.0 pp
0.0 pp
−2.0 pp
0.0 pp
0.0 pp
+1.0 pp
—
Tanla Platforms Ltd · TANLA
+3.5 pp
+0.9 pp
−5.2 pp
—
−4.8 pp
−5.9 pp
−1.6 pp
+3.7 pp
+3.6 pp
+2.0 pp
−4.0 pp
−1.0 pp
−2.0 pp
−3.0 pp
0.0 pp
−3.0 pp
−2.0 pp
+1.0 pp
0.0 pp
0.0 pp
Tata Consultancy Services Ltd · TCS
−1.6 pp
−1.9 pp
−2.5 pp
—
−1.7 pp
−0.5 pp
−0.4 pp
−0.4 pp
−0.3 pp
0.0 pp
+1.0 pp
+2.0 pp
0.0 pp
0.0 pp
−2.0 pp
0.0 pp
+1.0 pp
0.0 pp
+1.0 pp
−1.0 pp
Tech Mahindra Ltd · TECHM
−1.7 pp
−2.3 pp
−3.6 pp
—
−3.5 pp
−2.0 pp
−4.2 pp
−4.8 pp
−7.8 pp
−7.0 pp
−4.0 pp
+2.0 pp
+6.0 pp
+5.0 pp
+5.0 pp
+2.0 pp
+2.0 pp
+2.0 pp
+3.0 pp
+3.0 pp
Wipro Ltd · WIPRO
−5.7 pp
−5.0 pp
−4.8 pp
—
−3.8 pp
−0.6 pp
−0.8 pp
+0.1 pp
+0.6 pp
−1.0 pp
+1.0 pp
+2.0 pp
+2.0 pp
+1.0 pp
+1.0 pp
−1.0 pp
−1.0 pp
−2.0 pp
−1.0 pp
0.0 pp
Zensar Technologies Ltd · ZENSARTECH
−5.5 pp
−5.4 pp
−7.1 pp
—
−6.8 pp
−3.4 pp
−0.2 pp
+7.7 pp
+10.5 pp
+6.0 pp
+3.0 pp
−4.0 pp
−4.0 pp
−1.0 pp
−1.0 pp
0.0 pp
0.0 pp
+1.0 pp
0.0 pp
—
03 · compare level, then change
Profit Scale & Acceleration
Tata Consultancy Services Ltd has the highest Net profit among the 63 IT - Software companies compared here, at ₹50,055 crore. Infosys Ltd is next at ₹30,325 crore. Capillary Technologies India 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: Tata Consultancy Services Ltd leads with ₹50,055 crore of TTM profit, 65.1% above Infosys Ltd. Capillary Technologies India Ltd shows ≥100% on the scoring scale (271.4% uncapped) growth from a ₹52 crore profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.
LeaderTata Consultancy Services Ltd · ₹50,055 crore
Gap65.1% versus #2 · Infosys Ltd
Persistence6/8 recent comparable periods
Coverage55/63 companies · 850 observations
Investor read: Tata Consultancy Services 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
1Tata Consultancy Services Ltd TCS₹50.1K Cr
2Infosys Ltd INFY₹30.3K Cr
3HCL Technologies Ltd HCLTECH₹17.4K Cr
4Wipro Ltd WIPRO₹13.3K Cr
5LTM Ltd LTM₹5.2K Cr
Profit growthfastest growers
1Capillary Technologies India Ltd CAPILLARY271%
2ASM Technologies Ltd 526433100%
3ERP Soft Systems Ltd 530909 · older report100%
4String Metaverse Ltd 534535100%
5Hypersoft Technologies Ltd 539724100%
Net profit · company comparison
55/63 level · 48/63 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 |
|---|---|---|---|
| Tata Consultancy Services Ltd TCS | ₹13.4K Cr | 4.7% | Jun 2026 |
| Infosys Ltd INFY | ₹7.8K Cr | 12% | Jun 2026 |
| HCL Technologies Ltd HCLTECH | ₹4.6K Cr | 20% | Jun 2026 |
| Wipro Ltd WIPRO | ₹3.4K Cr | 0.6% | Jun 2026 |
| Tech Mahindra Ltd TECHM | ₹1.5K Cr | 32% | Jun 2026 |
| LTM Ltd LTM | ₹1.5K Cr | 17% | Jun 2026 |
| Coforge Ltd COFORGE | ₹666 Cr | 117% | Mar 2026 |
| Mphasis Ltd MPHASIS | ₹490 Cr | 11% | Jun 2026 |
| Hexaware Technologies Ltd HEXT | ₹352 Cr | 7.7% | Mar 2026 |
| Zensar Technologies Ltd ZENSARTECH | ₹211 Cr | 20% | Mar 2026 |
| Birlasoft Ltd BSOFT | ₹176 Cr | 44% | Mar 2026 |
| Tanla Platforms Ltd TANLA | ₹142 Cr | 20% | Jun 2026 |
| Sonata Software Ltd SONATSOFTW | ₹130 Cr | 20% | Mar 2026 |
| Mastek Ltd MASTEK | ₹106 Cr | 15% | Jun 2026 |
| AvenuesAI Ltd CCAVENUE | ₹89 Cr | 62% | Mar 2026 |
| Cigniti Technologies Ltd CIGNITITEC | ₹80 Cr | 25% | Dec 2025 |
| R Systems International Ltd RSYSTEMS | ₹65 Cr | 67% | Mar 2026 |
| Aurionpro Solutions Ltd AURIONPRO | ₹61 Cr | 20% | Mar 2026 |
| Seshaasai Technologies Ltd STYL | ₹60 Cr | 62% | Jun 2026 |
| Sahana Systems Ltd SAHANA⚠ unverified | ₹47 Cr | 88% | Mar 2026 |
| Datamatics Global Services Ltd DATAMATICS | ₹45 Cr | 0.0% | Mar 2026 |
| Capillary Technologies India Ltd CAPILLARY | ₹43 Cr | 330% | Mar 2026 |
| Expleo Solutions Ltd EXPLEOSOL⚠ unverified | ₹42 Cr | 75% | Mar 2026 |
| Saksoft Ltd SAKSOFT | ₹36 Cr | 20% | Mar 2026 |
| String Metaverse Ltd 534535 | ₹35 Cr | 169% | Mar 2026 |
| Magellanic Cloud Ltd MCLOUD⚠ unverified | ₹30 Cr | 30% | Mar 2026 |
| Sasken Technologies Ltd SASKEN | ₹29 Cr | 142% | Mar 2026 |
| 63 Moons Technologies Ltd 63MOONS | ₹25 Cr | 127% | Mar 2026 |
| InfoBeans Technologies Ltd INFOBEAN⚠ unverified | ₹22 Cr | -4.4% | Jun 2026 |
| Kellton Tech Solutions Ltd KELLTONTEC⚠ unverified | ₹22 Cr | -4.4% | Jun 2026 |
| Dynacons Systems & Solutions Ltd DSSL⚠ unverified | ₹19 Cr | 5.6% | Mar 2026 |
| BLS E-Services Ltd BLSE | ₹18 Cr | 5.9% | Mar 2026 |
| ASM Technologies Ltd 526433 | ₹17 Cr | 13% | Mar 2026 |
| IZMO Ltd IZMO⚠ unverified | ₹17 Cr | 143% | Mar 2026 |
| Excelsoft Technologies Ltd EXCELSOFT⚠ unverified | ₹17 Cr | -15% | Mar 2026 |
| Unified Data- Tech Solutions Ltd UNIFIED | ₹17 Cr | -23% | Sep 2025 |
| Xchanging Solutions Ltd XCHANGING⚠ unverified | ₹16 Cr | 6.7% | Mar 2026 |
| Silver Touch Technologies Ltd SILVERTUC | ₹13 Cr | 44% | Mar 2026 |
| Blue Cloud Softech Solutions Ltd 539607 | ₹12 Cr | -7.7% | Mar 2026 |
| Kody Technolab Ltd KODYTECH⚠ unverified | ₹12 Cr | 71% | Mar 2026 |
| TAC Infosec Ltd TAC⚠ unverified | ₹11 Cr | 38% | Mar 2026 |
| Trident Techlabs Ltd TECHLABS | ₹11 Cr | 267% | Sep 2025 |
| Mindteck (India) Ltd MINDTECK⚠ unverified | ₹10 Cr | 43% | Mar 2026 |
| Meta Infotech Ltd META | ₹10 Cr | -9.1% | Sep 2025 |
| Subex Ltd SUBEXLTD⚠ unverified | ₹10 Cr | 361% | Mar 2026 |
| Ksolves India Ltd KSOLVES⚠ unverified | ₹9 Cr | 43% | Jun 2026 |
| NINtec Systems Ltd NINSYS⚠ unverified | ₹9 Cr | 19% | Mar 2026 |
| Veefin Solutions Ltd VEEFIN | ₹8 Cr | — | Dec 2025 |
| Covance Softsol Ltd 544361 | ₹6 Cr | 1,241% | Mar 2026 |
| RNIT AI Solutions Ltd AUTOPALIND | ₹4 Cr | 27% | Mar 2026 |
| Exato Technologies Ltd 544626 | ₹4 Cr | -24% | Mar 2026 |
| XT Global Infotech Ltd XTGLOBAL | ₹4 Cr | 0.5% | Dec 2025 |
| Unicommerce eSolutions Ltd UNIECOM⚠ unverified | ₹3 Cr | 1.5% | Mar 2026 |
| Softtech Engineers Ltd SOFTTECH | ₹3 Cr | 3,786% | Mar 2026 |
| Hypersoft Technologies Ltd 539724 | ₹3 Cr | 159% | Mar 2026 |
| Moschip Technologies Ltd MOSCHIP | ₹2 Cr | -78% | Jun 2026 |
| Innovana Thinklabs Ltd INNOVANA⚠ unverified | ₹2 Cr | -84% | Mar 2026 |
| ERP Soft Systems Ltd 530909 | ₹0 Cr | -25% | Dec 2025 |
| IDream Film Infrastructure Company Ltd 504375 | ₹-3 Cr | — | Mar 2026 |
| Allied Digital Services Ltd ADSL⚠ unverified | ₹-3 Cr | -21% | Mar 2026 |
| TechNVision Ventures Ltd TECHNVISN⚠ unverified | ₹-4 Cr | 173% | Mar 2026 |
| Orient Technologies Ltd ORIENTTECH⚠ unverified | ₹-5 Cr | — | Mar 2026 |
| Quick Heal Technologies Ltd QUICKHEAL⚠ unverified | ₹-20 Cr | 100% | Mar 2026 |
Full 20-quarter history · every available company
Net profit · reported quarter history
Showing the 12 largest of 63 companies with a series here. The remaining 51 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Coforge Ltd · COFORGE
₹197 Cr
₹225 Cr
₹172 Cr
—
₹221 Cr
₹236 Cr
₹117 Cr
₹176 Cr
₹188 Cr
₹243 Cr
₹229 Cr
₹139 Cr
₹234 Cr
₹256 Cr
₹307 Cr
₹356 Cr
₹425 Cr
₹297 Cr
₹666 Cr
—
HCL Technologies Ltd · HCLTECH
—
—
—
—
—
₹4.1K Cr
₹4.0K Cr
₹3.5K Cr
₹3.8K Cr
₹4.4K Cr
₹4.0K Cr
₹4.3K Cr
₹4.2K Cr
₹4.6K Cr
₹4.3K Cr
₹3.8K Cr
₹4.2K Cr
₹4.1K Cr
₹4.5K Cr
₹4.6K Cr
Hexaware Technologies Ltd · HEXT
—
—
—
—
—
—
₹255 Cr
₹255 Cr
₹296 Cr
₹193 Cr
₹279 Cr
₹275 Cr
₹300 Cr
₹321 Cr
₹327 Cr
₹380 Cr
₹370 Cr
₹292 Cr
₹352 Cr
—
IDream Film Infrastructure Company Ltd · 504375
—
—
—
—
—
—
₹-0 Cr
₹-0 Cr
₹-0 Cr
₹-0 Cr
₹-0 Cr
₹-0 Cr
₹-0 Cr
₹-0 Cr
₹-0 Cr
₹-0 Cr
₹-0 Cr
₹3 Cr
₹-3 Cr
—
Infosys Ltd · INFY
—
—
—
—
—
₹6.6K Cr
₹6.1K Cr
₹5.9K Cr
₹6.2K Cr
₹6.1K Cr
₹8.0K Cr
₹6.4K Cr
₹6.5K Cr
₹6.8K Cr
₹7.0K Cr
₹6.9K Cr
₹7.4K Cr
₹6.7K Cr
₹8.5K Cr
₹7.8K Cr
LTM Ltd · LTM
₹612 Cr
₹2.3K Cr
₹634 Cr
—
₹679 Cr
₹1.0K Cr
₹1.1K Cr
₹1.2K Cr
₹1.2K Cr
₹1.2K Cr
₹1.1K Cr
₹1.1K Cr
₹1.3K Cr
₹1.1K Cr
₹1.1K Cr
₹1.3K Cr
₹1.4K Cr
₹960 Cr
₹1.4K Cr
₹1.5K Cr
Mphasis Ltd · MPHASIS
₹358 Cr
₹392 Cr
₹402 Cr
—
₹418 Cr
₹412 Cr
₹405 Cr
₹396 Cr
₹392 Cr
₹374 Cr
₹393 Cr
₹405 Cr
₹423 Cr
₹428 Cr
₹446 Cr
₹442 Cr
₹469 Cr
₹442 Cr
₹510 Cr
₹490 Cr
Sonata Software Ltd · SONATSOFTW
₹98 Cr
₹101 Cr
₹108 Cr
—
₹113 Cr
₹118 Cr
₹114 Cr
₹120 Cr
₹124 Cr
₹-46 Cr
₹110 Cr
₹106 Cr
₹106 Cr
₹105 Cr
₹108 Cr
₹109 Cr
₹120 Cr
₹104 Cr
₹130 Cr
—
Tata Consultancy Services Ltd · TCS
₹9.8K Cr
₹9.9K Cr
₹9.5K Cr
—
₹10.4K Cr
₹10.9K Cr
₹11.4K Cr
₹11.1K Cr
₹11.4K Cr
₹11.1K Cr
₹12.5K Cr
₹12.1K Cr
₹12.0K Cr
₹12.4K Cr
₹12.3K Cr
₹12.8K Cr
₹12.1K Cr
₹10.7K Cr
₹13.8K Cr
₹13.4K Cr
Tech Mahindra Ltd · TECHM
₹1.4K Cr
₹1.5K Cr
₹1.1K Cr
—
₹1.3K Cr
₹1.3K Cr
₹1.1K Cr
₹704 Cr
₹505 Cr
₹524 Cr
₹664 Cr
₹865 Cr
₹1.3K Cr
₹989 Cr
₹1.1K Cr
₹1.1K Cr
₹1.2K Cr
₹1.1K Cr
₹1.4K Cr
₹1.5K Cr
Wipro Ltd · WIPRO
₹3.0K Cr
₹3.1K Cr
₹2.6K Cr
—
₹2.7K Cr
₹3.1K Cr
₹3.1K Cr
₹2.9K Cr
₹2.7K Cr
₹2.7K Cr
₹2.9K Cr
₹3.0K Cr
₹3.2K Cr
₹3.4K Cr
₹3.6K Cr
₹3.3K Cr
₹3.3K Cr
₹3.1K Cr
₹3.5K Cr
₹3.4K Cr
Zensar Technologies Ltd · ZENSARTECH
₹91 Cr
₹130 Cr
₹75 Cr
—
₹57 Cr
₹76 Cr
₹119 Cr
₹156 Cr
₹174 Cr
₹162 Cr
₹173 Cr
₹158 Cr
₹156 Cr
₹160 Cr
₹176 Cr
₹182 Cr
₹182 Cr
₹200 Cr
₹211 Cr
—
Profit growth · reported quarter history
Showing the 12 largest of 60 companies with a series here. The remaining 48 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Coforge Ltd · COFORGE
—
—
31%
—
36%
20%
-48%
2.3%
-15%
3.0%
96%
-21%
24%
5.4%
34%
156%
82%
16%
117%
—
HCL Technologies Ltd · HCLTECH
—
—
—
—
—
—
—
—
—
6.2%
0.4%
21%
11%
5.6%
7.9%
-9.7%
-0.0%
-11%
4.2%
20%
Hexaware Technologies Ltd · HEXT
—
—
—
—
—
—
—
—
—
—
9.4%
7.8%
1.4%
66%
17%
38%
23%
-9.0%
7.7%
—
Infosys Ltd · INFY
—
—
—
—
—
—
—
—
—
-7.2%
30%
7.2%
4.8%
12%
-12%
8.6%
13%
-2.3%
21%
12%
LTM Ltd · LTM
—
—
—
—
23%
64%
-51%
82%
71%
17%
-1.2%
-1.5%
7.8%
-7.0%
2.5%
11%
10%
-12%
23%
17%
Mphasis Ltd · MPHASIS
—
—
18%
—
23%
15%
3.3%
-1.5%
-6.2%
-9.2%
-3.0%
2.3%
7.9%
14%
13%
9.1%
11%
3.3%
14%
11%
Sonata Software Ltd · SONATSOFTW
—
—
24%
—
24%
20%
13%
11%
9.7%
-139%
-3.5%
-12%
-15%
—
-1.8%
2.8%
13%
-1.0%
20%
—
Tanla Platforms Ltd · TANLA
—
—
-3.9%
—
-19%
-26%
-15%
35%
30%
20%
8.3%
4.4%
-9.1%
-15%
-10%
-16%
-3.9%
10%
15%
20%
Tata Consultancy Services Ltd · TCS
—
—
—
—
8.4%
11%
15%
17%
9.1%
2.0%
9.3%
8.9%
5.1%
12%
-1.7%
5.9%
1.5%
-14%
12%
4.7%
Tech Mahindra Ltd · TECHM
—
—
—
—
-4.0%
-6.1%
-25%
-38%
-61%
-59%
-41%
23%
149%
89%
72%
31%
-4.5%
13%
19%
32%
Wipro Ltd · WIPRO
—
—
—
—
-9.3%
3.2%
0.2%
13%
0.3%
-12%
-7.6%
5.2%
21%
25%
26%
9.9%
1.1%
-6.6%
-1.8%
0.6%
Zensar Technologies Ltd · ZENSARTECH
—
—
-26%
—
-39%
-16%
-8.5%
108%
205%
113%
45%
1.3%
-10%
-1.2%
1.7%
15%
17%
25%
20%
—
04 · compare level, then change
Capacity Spending & Returns On It
Tata Consultancy Services Ltd has the highest CAPEX among the 63 IT - Software companies compared here, at ₹753 crore. Wipro Ltd is next at ₹338 crore. Kody Technolab Ltd has the highest CAPEX intensity at 73.5%, so level and change sit with different companies. 17 of 63 companies report a comparable reading, the latest through Jun 2026.
What the numbers say: Tata Consultancy Services Ltd reports ₹753 crore of CAPEX; Kody Technolab Ltd has the highest covered intensity at 73.5%. Coverage is only 17 of 63 companies and 130 reported observations, so this is partial evidence—not a complete sector rank.
LeaderTata Consultancy Services Ltd · ₹753 crore
Gap122.8% versus #2 · Wipro Ltd
Persistence8/8 recent comparable periods
Coverage17/63 companies · 130 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
1Tata Consultancy Services Ltd TCS₹753 Cr
2Wipro Ltd WIPRO₹338 Cr
3LTM Ltd LTM₹235 Cr
4Mphasis Ltd MPHASIS₹113 Cr
5Sahana Systems Ltd SAHANA⚠ unverified₹45 Cr
CAPEX intensityhighest reinvestment intensity
1Kody Technolab Ltd KODYTECH⚠ unverified74%
2Sahana Systems Ltd SAHANA⚠ unverified21%
3Excelsoft Technologies Ltd EXCELSOFT⚠ unverified15%
4Seshaasai Technologies Ltd STYL6.1%
5Capillary Technologies India Ltd CAPILLARY5.0%
Capital expenditure · company comparison
17/63 level · 14/63 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
Withheld from this chart: Infosys Ltd (INFY) — its second source reports in USD, not rupees, so nothing from it can be placed on this crore axis; HCL Technologies Ltd (HCLTECH) — its second source reports in USD, not rupees, so nothing from it can be placed on this crore axis; Mastek Ltd (MASTEK) — its two data sources disagree by up to 4.6% on reported income across 14 comparable periods, so its derived ratios are withheld; 63 Moons Technologies Ltd (63MOONS) — its two data sources disagree by up to 280% on reported income across 13 comparable periods, so its derived ratios are withheld; BLS E-Services Ltd (BLSE) — its two data sources disagree by up to 19% on reported income across 14 comparable periods, so its derived ratios are withheld. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.
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 |
|---|---|---|---|
| Tata Consultancy Services Ltd TCS | ₹753 Cr | 1.0% | Jun 2026 |
| Wipro Ltd WIPRO | ₹338 Cr | 1.4% | Jun 2026 |
| LTM Ltd LTM | ₹235 Cr | 2.0% | Jun 2026 |
| Mphasis Ltd MPHASIS | ₹113 Cr | 2.7% | Jun 2026 |
| Sahana Systems Ltd SAHANA⚠ unverified | ₹45 Cr | 21% | Mar 2026 |
| Hexaware Technologies Ltd HEXT | ₹41 Cr | 1.1% | Mar 2026 |
| Tanla Platforms Ltd TANLA | ₹37 Cr | 3.7% | Jun 2026 |
| Kody Technolab Ltd KODYTECH⚠ unverified | ₹36 Cr | 74% | Mar 2026 |
| Coforge Ltd COFORGE | ₹30 Cr | 1.7% | Mar 2026 |
| Seshaasai Technologies Ltd STYL | ₹24 Cr | 6.1% | Jun 2026 |
| Innovana Thinklabs Ltd INNOVANA⚠ unverified | ₹16 Cr | — | Mar 2026 |
| Excelsoft Technologies Ltd EXCELSOFT⚠ unverified | ₹10 Cr | 15% | Mar 2026 |
| Aurionpro Solutions Ltd AURIONPRO | ₹9 Cr | 3.6% | Mar 2026 |
| Capillary Technologies India Ltd CAPILLARY | ₹9 Cr | 5.0% | Mar 2026 |
| NINtec Systems Ltd NINSYS⚠ unverified | ₹0 Cr | — | Mar 2026 |
| TAC Infosec Ltd TAC⚠ unverified | ₹0 Cr | 0.0% | Mar 2026 |
| Unicommerce eSolutions Ltd UNIECOM⚠ unverified | ₹0 Cr | — | Mar 2026 |
Full 20-quarter history · every available company
CAPEX · reported quarter history
Showing the 12 largest of 17 companies with a series here. The remaining 5 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Aurionpro Solutions Ltd · AURIONPRO
—
—
—
—
—
₹12 Cr
₹21 Cr
—
—
₹9 Cr
₹9 Cr
—
—
—
—
—
—
—
—
—
Capillary Technologies India Ltd · CAPILLARY
—
—
—
—
—
—
—
—
—
—
—
₹12 Cr
₹12 Cr
—
—
₹9 Cr
₹9 Cr
—
—
—
Coforge Ltd · COFORGE
₹21 Cr
₹30 Cr
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
Hexaware Technologies Ltd · HEXT
—
—
—
—
—
—
₹16 Cr
₹16 Cr
₹7 Cr
₹25 Cr
₹29 Cr
₹36 Cr
₹25 Cr
₹44 Cr
₹44 Cr
₹44 Cr
₹42 Cr
₹38 Cr
₹41 Cr
—
Kody Technolab Ltd · KODYTECH⚠ unverified
—
—
—
—
—
—
—
—
—
—
₹4 Cr
—
₹2 Cr
—
₹5 Cr
—
₹6 Cr
—
₹36 Cr
—
LTM Ltd · LTM
₹285 Cr
₹463 Cr
₹205 Cr
—
₹194 Cr
₹303 Cr
₹238 Cr
₹198 Cr
₹202 Cr
₹140 Cr
₹304 Cr
₹243 Cr
₹249 Cr
₹211 Cr
₹247 Cr
₹272 Cr
₹187 Cr
₹164 Cr
₹308 Cr
₹235 Cr
Mphasis Ltd · MPHASIS
₹32 Cr
₹49 Cr
₹28 Cr
—
₹26 Cr
₹36 Cr
₹23 Cr
₹17 Cr
₹21 Cr
₹25 Cr
₹32 Cr
₹29 Cr
₹20 Cr
₹4 Cr
₹9 Cr
₹8 Cr
₹37 Cr
₹160 Cr
₹113 Cr
—
NINtec Systems Ltd · NINSYS⚠ unverified
₹0 Cr
₹0 Cr
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
Seshaasai Technologies Ltd · STYL
—
—
—
—
—
—
—
—
—
—
—
₹28 Cr
₹24 Cr
—
—
—
—
—
—
—
Tanla Platforms Ltd · TANLA
—
—
—
—
—
—
—
₹43 Cr
—
—
—
₹15 Cr
₹37 Cr
—
—
—
—
—
—
—
Tata Consultancy Services Ltd · TCS
₹610 Cr
₹745 Cr
₹726 Cr
—
₹598 Cr
₹692 Cr
₹516 Cr
₹336 Cr
₹431 Cr
₹604 Cr
₹831 Cr
₹805 Cr
₹686 Cr
₹685 Cr
₹1.8K Cr
₹790 Cr
₹1.6K Cr
₹143 Cr
₹1.7K Cr
₹753 Cr
Wipro Ltd · WIPRO
₹563 Cr
₹419 Cr
₹486 Cr
—
₹388 Cr
₹308 Cr
₹302 Cr
₹221 Cr
₹198 Cr
₹208 Cr
₹425 Cr
₹262 Cr
₹240 Cr
₹285 Cr
₹688 Cr
₹274 Cr
₹337 Cr
₹467 Cr
₹482 Cr
₹338 Cr
CAPEX intensity · reported quarter history
Showing the 12 largest of 14 companies with a series here. The remaining 2 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Aurionpro Solutions Ltd · AURIONPRO
—
—
—
—
—
7.1%
11%
—
—
3.9%
3.6%
—
—
—
—
—
—
—
—
—
Capillary Technologies India Ltd · CAPILLARY
—
—
—
—
—
—
—
—
—
—
—
8.3%
8.3%
—
—
5.0%
5.0%
—
—
—
Coforge Ltd · COFORGE
1.3%
1.7%
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
Hexaware Technologies Ltd · HEXT
—
—
—
—
—
—
0.6%
0.6%
0.3%
1.0%
1.1%
1.2%
0.8%
1.4%
1.4%
1.3%
1.2%
1.1%
1.1%
—
Kody Technolab Ltd · KODYTECH⚠ unverified
—
—
—
—
—
—
—
—
—
—
—
—
—
—
16%
—
19%
—
74%
—
LTM Ltd · LTM
6.9%
3.1%
4.5%
—
4.0%
3.5%
2.7%
2.3%
2.3%
1.6%
3.4%
2.7%
2.6%
2.2%
2.5%
2.8%
1.8%
1.5%
2.7%
2.0%
Mphasis Ltd · MPHASIS
1.0%
1.5%
0.8%
—
0.7%
1.0%
0.7%
0.5%
0.6%
0.7%
0.9%
0.8%
0.6%
0.1%
0.2%
0.2%
0.9%
4.0%
2.7%
—
Seshaasai Technologies Ltd · STYL
—
—
—
—
—
—
—
—
—
—
—
7.8%
6.1%
—
—
—
—
—
—
—
TAC Infosec Ltd · TAC⚠ unverified
—
—
—
—
—
—
—
—
0.0%
—
14%
—
0.0%
—
0.0%
—
6.9%
—
0.0%
—
Tanla Platforms Ltd · TANLA
—
—
—
—
—
—
—
4.7%
—
—
—
1.5%
3.7%
—
—
—
—
—
—
—
Tata Consultancy Services Ltd · TCS
1.2%
1.5%
1.4%
—
1.1%
1.2%
0.9%
0.6%
0.7%
1.0%
1.4%
1.3%
1.1%
1.1%
2.8%
1.2%
2.5%
0.2%
2.3%
1.0%
Wipro Ltd · WIPRO
2.8%
2.0%
2.3%
—
1.7%
1.3%
1.3%
1.0%
0.9%
0.9%
1.9%
1.2%
1.1%
1.3%
3.1%
1.2%
1.5%
2.0%
2.0%
1.4%
Annual capital allocation · 10-year view
63/63 capacity base · 63/63 OCF · 62/63 CAPEX · 62/63 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
Showing the 12 largest of 63 companies with a series here. The remaining 51 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Coforge Ltd · COFORGE
₹848 Cr
₹880 Cr
₹820 Cr
₹1.1K Cr
₹1.0K Cr
₹2.1K Cr
₹2.3K Cr
₹2.4K Cr
₹6.1K Cr
₹6.8K Cr
HCL Technologies Ltd · HCLTECH
₹15.7K Cr
₹19.1K Cr
₹23.1K Cr
₹37.9K Cr
₹37.5K Cr
₹35.2K Cr
₹34.7K Cr
₹35.2K Cr
₹36.2K Cr
₹37.4K Cr
Hexaware Technologies Ltd · HEXT
₹802 Cr
₹797 Cr
₹798 Cr
₹2.1K Cr
₹2.5K Cr
₹2.4K Cr
₹2.6K Cr
₹2.5K Cr
₹3.9K Cr
₹5.2K Cr
IDream Film Infrastructure Company Ltd · 504375
₹2 Cr
₹0 Cr
₹0 Cr
₹0 Cr
₹0 Cr
₹0 Cr
₹0 Cr
₹0 Cr
₹0 Cr
₹0 Cr
Infosys Ltd · INFY
₹15.5K Cr
₹14.2K Cr
₹17.1K Cr
₹24.7K Cr
₹26.4K Cr
₹26.2K Cr
₹29.5K Cr
₹27.9K Cr
₹31.8K Cr
₹34.3K Cr
LTM Ltd · LTM
₹543 Cr
₹688 Cr
₹942 Cr
₹2.0K Cr
₹2.0K Cr
₹4.0K Cr
₹4.6K Cr
₹5.5K Cr
₹6.0K Cr
₹6.5K Cr
Mphasis Ltd · MPHASIS
₹1.9K Cr
₹1.9K Cr
₹2.2K Cr
₹3.0K Cr
₹3.0K Cr
₹3.8K Cr
₹4.1K Cr
₹5.6K Cr
₹5.8K Cr
₹6.4K Cr
Sonata Software Ltd · SONATSOFTW
₹118 Cr
₹114 Cr
₹200 Cr
₹298 Cr
₹324 Cr
₹427 Cr
₹1.7K Cr
₹1.7K Cr
₹1.6K Cr
₹1.9K Cr
Tata Consultancy Services Ltd · TCS
₹13.2K Cr
₹13.3K Cr
₹13.3K Cr
₹21.8K Cr
₹21.9K Cr
₹22.5K Cr
₹21.7K Cr
₹21.2K Cr
₹24.6K Cr
₹34.0K Cr
Tech Mahindra Ltd · TECHM
₹6.8K Cr
₹7.9K Cr
₹7.3K Cr
₹8.9K Cr
₹9.1K Cr
₹14.9K Cr
₹15.1K Cr
₹14.0K Cr
₹14.0K Cr
₹14.9K Cr
Wipro Ltd · WIPRO
₹20.6K Cr
₹19.5K Cr
₹19.6K Cr
₹23.9K Cr
₹24.9K Cr
₹39.6K Cr
₹45.4K Cr
₹44.4K Cr
₹45.4K Cr
₹52.1K Cr
Zensar Technologies Ltd · ZENSARTECH
₹450 Cr
₹598 Cr
₹962 Cr
₹1.3K Cr
₹1.1K Cr
₹1.3K Cr
₹1.2K Cr
₹1.0K Cr
₹1.2K Cr
₹1.4K Cr
Operating cash flow · fiscal-year history
Showing the 12 largest of 63 companies with a series here. The remaining 51 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Coforge Ltd · COFORGE
₹472 Cr
₹382 Cr
₹453 Cr
₹297 Cr
₹762 Cr
₹766 Cr
₹950 Cr
₹903 Cr
₹1.2K Cr
₹1.8K Cr
HCL Technologies Ltd · HCLTECH
₹9.0K Cr
₹8.3K Cr
₹9.0K Cr
₹13.4K Cr
₹19.6K Cr
₹16.9K Cr
₹18.0K Cr
₹22.4K Cr
₹22.3K Cr
₹20.0K Cr
Hexaware Technologies Ltd · HEXT
₹473 Cr
₹476 Cr
₹549 Cr
₹596 Cr
₹1.4K Cr
₹980 Cr
₹821 Cr
₹1.5K Cr
₹1.5K Cr
₹1.7K Cr
IDream Film Infrastructure Company Ltd · 504375
₹-0 Cr
₹-0 Cr
₹-0 Cr
₹-0 Cr
₹-0 Cr
₹-0 Cr
₹-0 Cr
₹-0 Cr
₹-0 Cr
₹-3 Cr
Infosys Ltd · INFY
₹11.5K Cr
₹13.2K Cr
₹14.8K Cr
₹17.0K Cr
₹23.2K Cr
₹23.9K Cr
₹22.5K Cr
₹25.2K Cr
₹35.7K Cr
₹34.0K Cr
LTM Ltd · LTM
₹1.2K Cr
₹844 Cr
₹1.4K Cr
₹1.6K Cr
₹2.4K Cr
₹3.3K Cr
₹3.1K Cr
₹5.7K Cr
₹4.5K Cr
₹4.8K Cr
Mphasis Ltd · MPHASIS
₹664 Cr
₹723 Cr
₹950 Cr
₹1.3K Cr
₹1.5K Cr
₹1.7K Cr
₹1.5K Cr
₹2.2K Cr
₹1.9K Cr
₹1.3K Cr
Sonata Software Ltd · SONATSOFTW
₹185 Cr
₹290 Cr
₹-6 Cr
₹369 Cr
₹443 Cr
₹450 Cr
₹268 Cr
₹281 Cr
₹644 Cr
₹538 Cr
Tata Consultancy Services Ltd · TCS
₹25.2K Cr
₹25.1K Cr
₹28.6K Cr
₹32.4K Cr
₹38.8K Cr
₹39.9K Cr
₹42.0K Cr
₹44.3K Cr
₹48.9K Cr
₹52.1K Cr
Tech Mahindra Ltd · TECHM
₹4.1K Cr
₹3.6K Cr
₹4.4K Cr
₹4.4K Cr
₹8.1K Cr
₹5.3K Cr
₹5.6K Cr
₹6.4K Cr
₹5.8K Cr
₹6.2K Cr
Wipro Ltd · WIPRO
₹9.3K Cr
₹8.4K Cr
₹11.6K Cr
₹10.1K Cr
₹14.8K Cr
₹11.1K Cr
₹13.1K Cr
₹17.6K Cr
₹16.9K Cr
₹14.9K Cr
Zensar Technologies Ltd · ZENSARTECH
₹304 Cr
₹206 Cr
₹156 Cr
₹686 Cr
₹858 Cr
₹336 Cr
₹714 Cr
₹642 Cr
₹565 Cr
₹771 Cr
CAPEX · reported cash flow · fiscal-year history
Showing the 12 largest of 62 companies with a series here. The remaining 50 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Coforge Ltd · COFORGE
₹56 Cr
₹159 Cr
₹65 Cr
₹432 Cr
₹126 Cr
₹1.3K Cr
₹491 Cr
₹356 Cr
₹4.2K Cr
₹1.3K Cr
HCL Technologies Ltd · HCLTECH
₹6.2K Cr
₹4.8K Cr
₹6.1K Cr
₹18.2K Cr
₹4.2K Cr
₹2.1K Cr
₹3.6K Cr
₹4.7K Cr
₹5.1K Cr
₹5.6K Cr
Hexaware Technologies Ltd · HEXT
₹208 Cr
₹58 Cr
₹66 Cr
₹1.4K Cr
₹596 Cr
₹139 Cr
₹435 Cr
₹199 Cr
₹1.7K Cr
₹1.7K Cr
IDream Film Infrastructure Company Ltd · 504375
₹0 Cr
₹-2 Cr
₹0 Cr
₹0 Cr
₹0 Cr
₹0 Cr
₹0 Cr
₹0 Cr
₹0 Cr
₹0 Cr
Infosys Ltd · INFY
₹2.9K Cr
₹499 Cr
₹4.9K Cr
₹10.5K Cr
₹5.0K Cr
₹3.3K Cr
₹7.5K Cr
₹3.1K Cr
₹8.7K Cr
₹7.4K Cr
LTM Ltd · LTM
₹63 Cr
₹301 Cr
₹401 Cr
₹1.3K Cr
₹325 Cr
₹2.6K Cr
₹1.3K Cr
₹1.8K Cr
₹1.4K Cr
₹1.6K Cr
Mphasis Ltd · MPHASIS
₹348 Cr
₹35 Cr
₹363 Cr
₹1.1K Cr
₹235 Cr
₹1.1K Cr
₹632 Cr
₹1.9K Cr
₹663 Cr
₹1.2K Cr
Sonata Software Ltd · SONATSOFTW
₹9 Cr
₹8 Cr
₹99 Cr
₹135 Cr
₹66 Cr
₹150 Cr
₹1.4K Cr
₹70 Cr
₹79 Cr
₹372 Cr
Tata Consultancy Services Ltd · TCS
₹1.8K Cr
₹2.0K Cr
₹2.1K Cr
₹12.1K Cr
₹4.2K Cr
₹5.2K Cr
₹4.3K Cr
₹4.4K Cr
₹8.7K Cr
₹15.0K Cr
Tech Mahindra Ltd · TECHM
₹2.9K Cr
₹2.1K Cr
₹604 Cr
₹3.0K Cr
₹1.7K Cr
₹7.3K Cr
₹2.1K Cr
₹801 Cr
₹1.8K Cr
₹2.8K Cr
Wipro Ltd · WIPRO
₹5.3K Cr
₹993 Cr
₹2.0K Cr
₹6.4K Cr
₹3.7K Cr
₹17.8K Cr
₹9.1K Cr
₹2.4K Cr
₹4.0K Cr
₹9.6K Cr
Zensar Technologies Ltd · ZENSARTECH
₹111 Cr
₹213 Cr
₹453 Cr
₹531 Cr
₹-26 Cr
₹307 Cr
₹102 Cr
₹-1 Cr
₹234 Cr
₹319 Cr
Free cash flow · fiscal-year history
Showing the 12 largest of 62 companies with a series here. The remaining 50 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Coforge Ltd · COFORGE
₹416 Cr
₹223 Cr
₹388 Cr
₹-135 Cr
₹636 Cr
₹-524 Cr
₹459 Cr
₹547 Cr
₹-2.9K Cr
₹445 Cr
HCL Technologies Ltd · HCLTECH
₹2.8K Cr
₹3.6K Cr
₹2.8K Cr
₹-4.8K Cr
₹15.4K Cr
₹14.8K Cr
₹14.4K Cr
₹17.8K Cr
₹17.1K Cr
₹14.4K Cr
Hexaware Technologies Ltd · HEXT
₹265 Cr
₹418 Cr
₹483 Cr
₹-833 Cr
₹842 Cr
₹841 Cr
₹386 Cr
₹1.3K Cr
₹-113 Cr
₹89 Cr
IDream Film Infrastructure Company Ltd · 504375
₹-0 Cr
₹2 Cr
₹-0 Cr
₹-0 Cr
₹-0 Cr
₹-0 Cr
₹-0 Cr
₹-0 Cr
₹-0 Cr
₹-3 Cr
Infosys Ltd · INFY
₹8.6K Cr
₹12.7K Cr
₹9.9K Cr
₹6.5K Cr
₹18.3K Cr
₹20.6K Cr
₹14.9K Cr
₹22.1K Cr
₹27.0K Cr
₹26.6K Cr
LTM Ltd · LTM
₹1.1K Cr
₹543 Cr
₹994 Cr
₹334 Cr
₹2.1K Cr
₹650 Cr
₹1.8K Cr
₹3.9K Cr
₹3.1K Cr
₹3.2K Cr
Mphasis Ltd · MPHASIS
₹316 Cr
₹688 Cr
₹587 Cr
₹232 Cr
₹1.2K Cr
₹663 Cr
₹830 Cr
₹268 Cr
₹1.2K Cr
₹44 Cr
Sonata Software Ltd · SONATSOFTW
₹176 Cr
₹282 Cr
₹-105 Cr
₹234 Cr
₹377 Cr
₹300 Cr
₹-1.1K Cr
₹211 Cr
₹565 Cr
₹166 Cr
Tata Consultancy Services Ltd · TCS
₹23.4K Cr
₹23.0K Cr
₹26.5K Cr
₹20.3K Cr
₹34.6K Cr
₹34.8K Cr
₹37.7K Cr
₹39.9K Cr
₹40.2K Cr
₹37.1K Cr
Tech Mahindra Ltd · TECHM
₹1.2K Cr
₹1.4K Cr
₹3.8K Cr
₹1.3K Cr
₹6.4K Cr
₹-2.0K Cr
₹3.5K Cr
₹5.6K Cr
₹4.0K Cr
₹3.4K Cr
Wipro Ltd · WIPRO
₹4.0K Cr
₹7.4K Cr
₹9.6K Cr
₹3.6K Cr
₹11.0K Cr
₹-6.7K Cr
₹3.9K Cr
₹15.2K Cr
₹13.0K Cr
₹5.3K Cr
Zensar Technologies Ltd · ZENSARTECH
₹193 Cr
₹-7 Cr
₹-297 Cr
₹155 Cr
₹884 Cr
₹29 Cr
₹612 Cr
₹643 Cr
₹331 Cr
₹452 Cr
05 · compare level, then change
Debt Load & Balance-Sheet Headroom
Hypersoft Technologies Ltd has the lowest Gross debt among the 63 IT - Software companies compared here, at ₹0 crore. Tata Consultancy Services Ltd has the lowest Net debt at ₹33,722 crore net cash, so level and change sit with different companies. 63 of 63 companies report a comparable reading, the latest through Mar 2026.
What the numbers say: Tata Consultancy Services Ltd has the clearest covered balance-sheet capacity with ₹33,722 crore net cash and gross debt of ₹11,309 crore. Absolute debt alone does not identify the strongest balance sheet because company scale differs; net debt and debt-to-equity carry more information.
LeaderHypersoft Technologies Ltd · ₹0 crore
Gapnull versus #2 · Covance Softsol Ltd
PersistenceNot enough history
Coverage63/63 companies · 760 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
1Hypersoft Technologies Ltd 539724₹0 Cr
2Covance Softsol Ltd 544361₹0 Cr
3Quick Heal Technologies Ltd QUICKHEAL⚠ unverified₹0 Cr
4Unified Data- Tech Solutions Ltd UNIFIED · older report₹0 Cr
5TAC Infosec Ltd TAC⚠ unverified₹1 Cr
Net debtlowest net debt
1Tata Consultancy Services Ltd TCS₹-33.7K Cr
2Wipro Ltd WIPRO₹-18.2K Cr
3LTM Ltd LTM₹-12.5K Cr
4Tech Mahindra Ltd TECHM₹-6.2K Cr
5Zensar Technologies Ltd ZENSARTECH₹-2.5K Cr
Debt and balance-sheet capacity · company comparison
63/63 level · 43/63 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 |
|---|---|---|---|
| Wipro Ltd WIPRO | ₹21.3K Cr | ₹-18.2K Cr | Jun 2026 |
| Tata Consultancy Services Ltd TCS | ₹11.3K Cr | ₹-33.7K Cr | Jun 2026 |
| Infosys Ltd INFY | ₹9.2K Cr | — | Jun 2026 |
| HCL Technologies Ltd HCLTECH | ₹5.2K Cr | — | Jun 2026 |
| Mphasis Ltd MPHASIS | ₹2.6K Cr | ₹-501 Cr | Jun 2026 |
| LTM Ltd LTM | ₹2.4K Cr | ₹-12.5K Cr | Jun 2026 |
| Tech Mahindra Ltd TECHM | ₹2.2K Cr | ₹-6.2K Cr | Jun 2026 |
| Coforge Ltd COFORGE | ₹728 Cr | ₹-371 Cr | Mar 2026 |
| Sonata Software Ltd SONATSOFTW | ₹723 Cr | ₹144 Cr | Mar 2026 |
| Hexaware Technologies Ltd HEXT | ₹713 Cr | ₹-1.4K Cr | Mar 2026 |
| Mastek Ltd MASTEK | ₹438 Cr | — | Jun 2026 |
| AvenuesAI Ltd CCAVENUE | ₹430 Cr | ₹-759 Cr | Mar 2026 |
| R Systems International Ltd RSYSTEMS | ₹410 Cr | ₹96 Cr | Mar 2026 |
| Magellanic Cloud Ltd MCLOUD⚠ unverified | ₹292 Cr | ₹234 Cr | Mar 2026 |
| Blue Cloud Softech Solutions Ltd 539607 | ₹269 Cr | — | Mar 2026 |
| Dynacons Systems & Solutions Ltd DSSL⚠ unverified | ₹237 Cr | ₹125 Cr | Mar 2026 |
| Kellton Tech Solutions Ltd KELLTONTEC⚠ unverified | ₹231 Cr | ₹194 Cr | Jun 2026 |
| Datamatics Global Services Ltd DATAMATICS | ₹221 Cr | ₹-343 Cr | Mar 2026 |
| Birlasoft Ltd BSOFT | ₹141 Cr | ₹-2.3K Cr | Mar 2026 |
| Allied Digital Services Ltd ADSL⚠ unverified | ₹136 Cr | ₹-16 Cr | Mar 2026 |
| ASM Technologies Ltd 526433 | ₹128 Cr | — | Mar 2026 |
| Veefin Solutions Ltd VEEFIN | ₹111 Cr | — | Dec 2025 |
| Moschip Technologies Ltd MOSCHIP | ₹88 Cr | ₹-61 Cr | Jun 2026 |
| Seshaasai Technologies Ltd STYL | ₹84 Cr | ₹-332 Cr | Jun 2026 |
| Zensar Technologies Ltd ZENSARTECH | ₹79 Cr | ₹-2.5K Cr | Mar 2026 |
| Xchanging Solutions Ltd XCHANGING⚠ unverified | ₹71 Cr | ₹-241 Cr | Mar 2026 |
| Orient Technologies Ltd ORIENTTECH⚠ unverified | ₹62 Cr | ₹-11 Cr | Mar 2026 |
| Aurionpro Solutions Ltd AURIONPRO | ₹61 Cr | ₹-144 Cr | Mar 2026 |
| Innovana Thinklabs Ltd INNOVANA⚠ unverified | ₹58 Cr | ₹47 Cr | Mar 2026 |
| Capillary Technologies India Ltd CAPILLARY | ₹54 Cr | ₹-430 Cr | Mar 2026 |
| Tanla Platforms Ltd TANLA | ₹53 Cr | ₹-722 Cr | Jun 2026 |
| XT Global Infotech Ltd XTGLOBAL | ₹51 Cr | — | Dec 2025 |
| Saksoft Ltd SAKSOFT | ₹44 Cr | ₹-207 Cr | Mar 2026 |
| Softtech Engineers Ltd SOFTTECH | ₹39 Cr | — | Mar 2026 |
| Silver Touch Technologies Ltd SILVERTUC | ₹33 Cr | ₹20 Cr | Mar 2026 |
| Meta Infotech Ltd META | ₹32 Cr | — | Sep 2025 |
| Sasken Technologies Ltd SASKEN | ₹28 Cr | ₹-127 Cr | Mar 2026 |
| Subex Ltd SUBEXLTD⚠ unverified | ₹28 Cr | ₹-96 Cr | Mar 2026 |
| Exato Technologies Ltd 544626 | ₹21 Cr | — | Mar 2026 |
| Cigniti Technologies Ltd CIGNITITEC | ₹20 Cr | ₹-211 Cr | Dec 2025 |
| TechNVision Ventures Ltd TECHNVISN⚠ unverified | ₹20 Cr | ₹-11 Cr | Mar 2026 |
| Sahana Systems Ltd SAHANA⚠ unverified | ₹18 Cr | ₹-12 Cr | Mar 2026 |
| RNIT AI Solutions Ltd AUTOPALIND | ₹18 Cr | — | Mar 2026 |
| Trident Techlabs Ltd TECHLABS | ₹18 Cr | — | Sep 2025 |
| InfoBeans Technologies Ltd INFOBEAN⚠ unverified | ₹15 Cr | ₹-213 Cr | Jun 2026 |
| Unicommerce eSolutions Ltd UNIECOM⚠ unverified | ₹9 Cr | ₹-49 Cr | Mar 2026 |
| Kody Technolab Ltd KODYTECH⚠ unverified | ₹8 Cr | ₹-35 Cr | Mar 2026 |
| Expleo Solutions Ltd EXPLEOSOL⚠ unverified | ₹8 Cr | ₹-368 Cr | Mar 2026 |
| Excelsoft Technologies Ltd EXCELSOFT⚠ unverified | ₹7 Cr | ₹-139 Cr | Mar 2026 |
| IDream Film Infrastructure Company Ltd 504375 | ₹7 Cr | — | Mar 2026 |
| String Metaverse Ltd 534535 | ₹6 Cr | — | Mar 2026 |
| BLS E-Services Ltd BLSE | ₹6 Cr | — | Mar 2026 |
| Ksolves India Ltd KSOLVES⚠ unverified | ₹6 Cr | ₹-1 Cr | Jun 2026 |
| IZMO Ltd IZMO⚠ unverified | ₹5 Cr | ₹7 Cr | Mar 2026 |
| Mindteck (India) Ltd MINDTECK⚠ unverified | ₹4 Cr | ₹-188 Cr | Mar 2026 |
| 63 Moons Technologies Ltd 63MOONS | ₹3 Cr | — | Mar 2026 |
| NINtec Systems Ltd NINSYS⚠ unverified | ₹2 Cr | ₹-73 Cr | Mar 2026 |
| ERP Soft Systems Ltd 530909 | ₹2 Cr | — | Dec 2025 |
| TAC Infosec Ltd TAC⚠ unverified | ₹1 Cr | ₹-32 Cr | Mar 2026 |
| Hypersoft Technologies Ltd 539724 | ₹0 Cr | — | Mar 2026 |
| Covance Softsol Ltd 544361 | ₹0 Cr | — | Mar 2026 |
| Quick Heal Technologies Ltd QUICKHEAL⚠ unverified | ₹0 Cr | ₹-218 Cr | Mar 2026 |
| Unified Data- Tech Solutions Ltd UNIFIED | ₹0 Cr | — | Sep 2025 |
Full 20-quarter history · every available company
Gross debt · reported quarter history
Showing the 12 largest of 63 companies with a series here. The remaining 51 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Coforge Ltd · COFORGE
₹554 Cr
₹490 Cr
₹602 Cr
—
₹755 Cr
₹755 Cr
₹562 Cr
₹562 Cr
₹1.2K Cr
₹1.2K Cr
₹726 Cr
₹726 Cr
₹1.1K Cr
₹1.1K Cr
₹1.1K Cr
₹1.1K Cr
₹972 Cr
₹972 Cr
₹728 Cr
—
HCL Technologies Ltd · HCLTECH
—
₹6.3K Cr
—
—
—
—
₹4.8K Cr
—
—
—
₹5.8K Cr
—
—
—
₹6.3K Cr
—
₹6.8K Cr
—
₹5.2K Cr
—
Hexaware Technologies Ltd · HEXT
₹50 Cr
—
—
—
—
₹456 Cr
₹457 Cr
—
—
₹394 Cr
₹394 Cr
₹411 Cr
₹518 Cr
₹574 Cr
₹568 Cr
₹582 Cr
₹629 Cr
₹681 Cr
₹713 Cr
—
IDream Film Infrastructure Company Ltd · 504375
—
₹4 Cr
—
—
—
—
₹4 Cr
—
—
—
₹4 Cr
—
—
—
₹4 Cr
—
—
—
₹7 Cr
—
Infosys Ltd · INFY
—
₹5.5K Cr
—
—
—
—
₹8.3K Cr
—
—
—
₹8.4K Cr
—
—
—
₹8.2K Cr
—
₹8.8K Cr
—
₹9.2K Cr
—
LTM Ltd · LTM
₹796 Cr
₹258 Cr
₹835 Cr
—
₹824 Cr
₹1.5K Cr
₹354 Cr
₹1.6K Cr
₹1.7K Cr
₹1.7K Cr
₹2.1K Cr
₹2.3K Cr
₹2.3K Cr
₹2.2K Cr
₹2.2K Cr
₹2.2K Cr
₹2.4K Cr
₹2.3K Cr
₹2.3K Cr
₹2.4K Cr
Mphasis Ltd · MPHASIS
₹1.4K Cr
₹527 Cr
₹1.2K Cr
—
₹1.0K Cr
₹998 Cr
₹198 Cr
₹1.1K Cr
₹1.6K Cr
—
₹1.5K Cr
₹2.3K Cr
₹1.8K Cr
₹1.8K Cr
₹1.9K Cr
₹2.0K Cr
₹2.0K Cr
₹2.4K Cr
₹2.6K Cr
—
Sonata Software Ltd · SONATSOFTW
₹197 Cr
₹159 Cr
₹159 Cr
—
₹213 Cr
₹213 Cr
₹590 Cr
₹591 Cr
₹503 Cr
₹503 Cr
₹765 Cr
₹765 Cr
₹623 Cr
₹623 Cr
₹516 Cr
₹516 Cr
₹739 Cr
₹739 Cr
₹723 Cr
—
Tata Consultancy Services Ltd · TCS
₹8.0K Cr
₹7.8K Cr
₹7.7K Cr
—
₹7.5K Cr
₹7.7K Cr
₹7.7K Cr
₹7.7K Cr
₹7.8K Cr
₹7.5K Cr
₹8.0K Cr
₹8.9K Cr
₹9.0K Cr
₹9.4K Cr
₹9.4K Cr
₹9.6K Cr
₹10.9K Cr
₹10.8K Cr
₹11.3K Cr
₹11.3K Cr
Tech Mahindra Ltd · TECHM
₹2.6K Cr
₹2.6K Cr
₹2.6K Cr
—
₹2.8K Cr
₹2.8K Cr
₹2.7K Cr
₹2.7K Cr
₹2.6K Cr
₹2.6K Cr
₹2.5K Cr
₹2.5K Cr
₹2.0K Cr
₹2.0K Cr
₹2.0K Cr
₹2.0K Cr
₹2.0K Cr
₹2.0K Cr
₹2.2K Cr
₹2.2K Cr
Wipro Ltd · WIPRO
₹15.8K Cr
₹17.6K Cr
₹19.8K Cr
—
₹19.5K Cr
₹18.3K Cr
₹17.5K Cr
₹17.5K Cr
₹17.9K Cr
₹17.9K Cr
₹16.5K Cr
₹16.9K Cr
₹19.3K Cr
₹19.4K Cr
₹19.2K Cr
₹15.9K Cr
₹16.2K Cr
₹19.8K Cr
₹20.3K Cr
₹21.3K Cr
Zensar Technologies Ltd · ZENSARTECH
₹328 Cr
₹335 Cr
₹335 Cr
—
₹313 Cr
₹313 Cr
₹273 Cr
₹273 Cr
₹243 Cr
₹243 Cr
₹186 Cr
₹187 Cr
₹147 Cr
₹147 Cr
₹125 Cr
₹125 Cr
₹117 Cr
₹117 Cr
₹79 Cr
—
Net debt · reported quarter history
Showing the 12 largest of 43 companies with a series here. The remaining 31 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Birlasoft Ltd · BSOFT
₹-929 Cr
₹-1.0K Cr
₹-1.0K Cr
—
₹-613 Cr
₹-613 Cr
₹-936 Cr
₹-931 Cr
₹-1.3K Cr
₹-1.3K Cr
₹-1.4K Cr
₹-1.4K Cr
₹-1.4K Cr
₹-1.4K Cr
₹-1.7K Cr
₹-1.7K Cr
₹-1.9K Cr
₹-1.9K Cr
₹-2.3K Cr
—
Coforge Ltd · COFORGE
₹275 Cr
₹36 Cr
₹267 Cr
—
₹366 Cr
₹366 Cr
₹-17 Cr
₹-17 Cr
₹870 Cr
₹870 Cr
₹391 Cr
₹391 Cr
₹-709 Cr
₹-709 Cr
₹41 Cr
₹41 Cr
₹401 Cr
₹401 Cr
₹-371 Cr
—
Hexaware Technologies Ltd · HEXT
—
—
—
—
—
—
₹-835 Cr
—
—
₹-1.6K Cr
₹-1.6K Cr
₹-750 Cr
₹-979 Cr
₹-1.4K Cr
₹-1.3K Cr
₹-1.3K Cr
₹-1.4K Cr
₹-1.4K Cr
₹-1.4K Cr
—
LTM Ltd · LTM
₹-2.8K Cr
₹-5.8K Cr
₹-3.0K Cr
—
₹-2.4K Cr
₹-5.8K Cr
₹-6.1K Cr
₹-6.8K Cr
₹-6.2K Cr
₹-7.2K Cr
₹-7.5K Cr
₹-6.9K Cr
₹-7.5K Cr
₹-8.2K Cr
₹-8.5K Cr
₹-7.7K Cr
₹-9.9K Cr
₹-11.7K Cr
₹-12.3K Cr
₹-12.5K Cr
Mphasis Ltd · MPHASIS
₹-567 Cr
₹-1.3K Cr
₹-1.5K Cr
—
₹-982 Cr
₹-1.1K Cr
₹-1.4K Cr
₹-1.8K Cr
₹-1.2K Cr
—
₹-1.0K Cr
₹-1.7K Cr
₹-1.2K Cr
₹-1.5K Cr
₹-1.5K Cr
₹-1.6K Cr
₹-643 Cr
₹-575 Cr
₹-501 Cr
—
Seshaasai Technologies Ltd · STYL
—
—
—
—
—
—
—
—
—
—
—
₹322 Cr
—
—
₹264 Cr
₹264 Cr
₹-255 Cr
₹-255 Cr
₹-332 Cr
—
Sonata Software Ltd · SONATSOFTW
₹-573 Cr
₹-737 Cr
₹-737 Cr
—
₹-423 Cr
₹-423 Cr
₹-339 Cr
₹-339 Cr
₹-22 Cr
₹-22 Cr
₹-325 Cr
₹-332 Cr
₹72 Cr
₹72 Cr
₹-167 Cr
₹-167 Cr
₹428 Cr
₹428 Cr
₹144 Cr
—
Tanla Platforms Ltd · TANLA
₹-808 Cr
₹-788 Cr
₹-808 Cr
—
₹-801 Cr
₹-801 Cr
₹-483 Cr
₹-483 Cr
₹-466 Cr
₹-466 Cr
₹-469 Cr
₹-651 Cr
₹-612 Cr
₹-612 Cr
₹-559 Cr
₹-559 Cr
₹-789 Cr
₹-789 Cr
₹-722 Cr
—
Tata Consultancy Services Ltd · TCS
₹-48.6K Cr
₹-36.8K Cr
₹-32.5K Cr
—
₹-40.8K Cr
₹-47.7K Cr
₹-37.8K Cr
₹-48.5K Cr
₹-47.2K Cr
₹-35.5K Cr
₹-35.8K Cr
₹-34.4K Cr
₹-38.7K Cr
₹-49.7K Cr
₹-31.6K Cr
₹-32.0K Cr
₹-37.8K Cr
₹-46.1K Cr
₹-29.8K Cr
₹-33.7K Cr
Tech Mahindra Ltd · TECHM
₹-8.7K Cr
₹-5.7K Cr
₹-5.7K Cr
—
₹-4.4K Cr
₹-4.4K Cr
₹-4.2K Cr
₹-4.2K Cr
₹-3.5K Cr
₹-3.5K Cr
₹-4.8K Cr
₹-4.8K Cr
₹-4.2K Cr
₹-4.2K Cr
₹-5.4K Cr
₹-5.4K Cr
₹-5.3K Cr
₹-5.3K Cr
₹-6.2K Cr
₹-6.2K Cr
Wipro Ltd · WIPRO
₹-18.5K Cr
₹-16.9K Cr
₹-11.1K Cr
—
₹-15.2K Cr
₹-19.5K Cr
₹-22.6K Cr
₹-24.7K Cr
₹-15.8K Cr
₹-20.4K Cr
₹-24.3K Cr
₹-28.1K Cr
₹-31.9K Cr
₹-36.8K Cr
₹-34.1K Cr
₹-37.3K Cr
₹-35.0K Cr
₹-37.6K Cr
₹-34.0K Cr
₹-18.2K Cr
Zensar Technologies Ltd · ZENSARTECH
₹-703 Cr
₹-679 Cr
₹-679 Cr
—
₹-1.0K Cr
₹-1.0K Cr
₹-900 Cr
₹-900 Cr
₹-1.2K Cr
₹-1.2K Cr
₹-1.2K Cr
₹-1.2K Cr
₹-1.4K Cr
₹-1.4K Cr
₹-1.9K Cr
₹-1.9K Cr
₹-1.9K Cr
₹-1.9K Cr
₹-2.5K Cr
—
06 · compare level, then change
Return On Capital Employed
Ksolves India Ltd has the highest ROCE among the 63 IT - Software companies compared here, at 131%. Tata Consultancy Services Ltd is next at 63%. Hypersoft Technologies Ltd has the highest ROCE change at +29.2 percentage points, so level and change sit with different companies. 63 of 63 companies report a comparable reading, the latest through Jun 2026.
What the numbers say: Ksolves India Ltd leads ROCE at 131%, 68 percentage points above Tata Consultancy Services Ltd. Hypersoft Technologies Ltd has the strongest latest improvement at +29.2 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.
LeaderKsolves India Ltd · 131%
Gap107.9% versus #2 · Tata Consultancy Services Ltd
Persistence1/8 recent comparable periods
Coverage63/63 companies · 566 observations
Investor read: Ksolves 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
1Ksolves India Ltd KSOLVES⚠ unverified131%
2Tata Consultancy Services Ltd TCS63%
3NINtec Systems Ltd NINSYS⚠ unverified55%
4Meta Infotech Ltd META · older report51%
5Unified Data- Tech Solutions Ltd UNIFIED · older report48%
ROCE changefastest improvers
1Hypersoft Technologies Ltd 539724+29.2 pp
2Covance Softsol Ltd 544361+23.0 pp
3String Metaverse Ltd 534535+16.0 pp
4Cigniti Technologies Ltd CIGNITITEC · older report+13.0 pp
5Subex Ltd SUBEXLTD⚠ unverified+10.2 pp
Return on capital · company comparison
63/63 level · 63/63 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
Withheld from this chart: Infosys Ltd (INFY) — its second source reports in USD, not rupees, so nothing from it can be placed on this crore axis; HCL Technologies Ltd (HCLTECH) — its second source reports in USD, not rupees, so nothing from it can be placed on this crore axis; Mastek Ltd (MASTEK) — its two data sources disagree by up to 4.6% on reported income across 14 comparable periods, so its derived ratios are withheld; 63 Moons Technologies Ltd (63MOONS) — its two data sources disagree by up to 280% on reported income across 13 comparable periods, so its derived ratios are withheld; BLS E-Services Ltd (BLSE) — its two data sources disagree by up to 19% on reported income across 14 comparable periods, so its derived ratios are withheld. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.
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 |
|---|---|---|---|
| Ksolves India Ltd KSOLVES⚠ unverified | 144% | −17.0 pp | Jun 2026 |
| Tata Consultancy Services Ltd TCS | 56% | −0.8 pp | Jun 2026 |
| NINtec Systems Ltd NINSYS⚠ unverified | 43% | −5.3 pp | Mar 2026 |
| Cigniti Technologies Ltd CIGNITITEC | 41% | +13.0 pp | Dec 2025 |
| Sahana Systems Ltd SAHANA⚠ unverified | 33% | +3.4 pp | Mar 2026 |
| TAC Infosec Ltd TAC⚠ unverified | 31% | +5.7 pp | Mar 2026 |
| Dynacons Systems & Solutions Ltd DSSL⚠ unverified | 30% | −4.1 pp | Mar 2026 |
| InfoBeans Technologies Ltd INFOBEAN⚠ unverified | 27% | +7.1 pp | Jun 2026 |
| Silver Touch Technologies Ltd SILVERTUC | 26% | +6.0 pp | Mar 2026 |
| Tanla Platforms Ltd TANLA | 24% | −1.9 pp | Jun 2026 |
| R Systems International Ltd RSYSTEMS | 24% | +0.9 pp | Mar 2026 |
| Hexaware Technologies Ltd HEXT | 23% | −3.0 pp | Mar 2026 |
| Seshaasai Technologies Ltd STYL | 22% | −17.3 pp | Jun 2026 |
| Tech Mahindra Ltd TECHM | 22% | +1.6 pp | Jun 2026 |
| Sonata Software Ltd SONATSOFTW | 22% | −4.8 pp | Mar 2026 |
| LTM Ltd LTM | 22% | −0.8 pp | Jun 2026 |
| Saksoft Ltd SAKSOFT | 21% | +2.3 pp | Mar 2026 |
| Mphasis Ltd MPHASIS | 21% | −0.2 pp | Jun 2026 |
| Coforge Ltd COFORGE | 20% | +7.8 pp | Mar 2026 |
| Magellanic Cloud Ltd MCLOUD⚠ unverified | 19% | −6.3 pp | Mar 2026 |
| Birlasoft Ltd BSOFT | 18% | +1.4 pp | Mar 2026 |
| Kellton Tech Solutions Ltd KELLTONTEC⚠ unverified | 18% | −4.1 pp | Jun 2026 |
| Expleo Solutions Ltd EXPLEOSOL⚠ unverified | 17% | −1.5 pp | Mar 2026 |
| Wipro Ltd WIPRO | 17% | +1.6 pp | Jun 2026 |
| Zensar Technologies Ltd ZENSARTECH | 17% | −0.5 pp | Mar 2026 |
| Datamatics Global Services Ltd DATAMATICS | 16% | +5.8 pp | Mar 2026 |
| Xchanging Solutions Ltd XCHANGING⚠ unverified | 15% | +2.9 pp | Mar 2026 |
| Aurionpro Solutions Ltd AURIONPRO | 13% | −0.4 pp | Mar 2026 |
| Unicommerce eSolutions Ltd UNIECOM⚠ unverified | 13% | −9.3 pp | Mar 2026 |
| Innovana Thinklabs Ltd INNOVANA⚠ unverified | 11% | −10.4 pp | Mar 2026 |
| Mindteck (India) Ltd MINDTECK⚠ unverified | 11% | −1.0 pp | Mar 2026 |
| Kody Technolab Ltd KODYTECH⚠ unverified | 9.4% | −20.7 pp | Mar 2026 |
| Moschip Technologies Ltd MOSCHIP | 8.5% | −1.6 pp | Jun 2026 |
| Orient Technologies Ltd ORIENTTECH⚠ unverified | 8.4% | −10.2 pp | Mar 2026 |
| IZMO Ltd IZMO⚠ unverified | 8.3% | +2.3 pp | Mar 2026 |
| Excelsoft Technologies Ltd EXCELSOFT⚠ unverified | 8.1% | −4.3 pp | Mar 2026 |
| TechNVision Ventures Ltd TECHNVISN⚠ unverified | 6.7% | +2.2 pp | Mar 2026 |
| Sasken Technologies Ltd SASKEN | 5.4% | +4.3 pp | Mar 2026 |
| AvenuesAI Ltd CCAVENUE | 5.0% | −0.8 pp | Mar 2026 |
| Allied Digital Services Ltd ADSL⚠ unverified | 4.9% | −1.0 pp | Mar 2026 |
| Subex Ltd SUBEXLTD⚠ unverified | 3.1% | +10.2 pp | Mar 2026 |
| Capillary Technologies India Ltd CAPILLARY | 2.8% | +1.3 pp | Mar 2026 |
| Quick Heal Technologies Ltd QUICKHEAL⚠ unverified | -9.9% | −6.7 pp | Mar 2026 |
Full 20-quarter history · every available company
ROCE · reported quarter history
Showing the 12 largest of 43 companies with a series here. The remaining 31 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Birlasoft Ltd · BSOFT
—
21%
—
—
25%
—
17%
—
17%
28%
24%
31%
21%
25%
17%
20%
16%
21%
18%
—
Coforge Ltd · COFORGE
23%
24%
27%
—
28%
—
26%
—
24%
26%
28%
28%
9.3%
20%
13%
23%
16%
20%
20%
—
Hexaware Technologies Ltd · HEXT
—
—
—
—
—
—
—
—
—
27%
—
26%
25%
28%
26%
27%
23%
25%
23%
—
LTM Ltd · LTM
29%
30%
48%
—
49%
31%
23%
25%
28%
28%
26%
25%
24%
23%
22%
22%
22%
23%
20%
22%
Mphasis Ltd · MPHASIS
23%
23%
23%
—
25%
24%
24%
22%
22%
25%
19%
18%
20%
19%
21%
20%
22%
21%
21%
—
Seshaasai Technologies Ltd · STYL
—
—
—
—
—
—
—
—
—
—
—
11%
—
—
40%
44%
23%
33%
22%
—
Sonata Software Ltd · SONATSOFTW
—
38%
—
—
42%
—
25%
—
27%
31%
32%
25%
32%
31%
27%
30%
23%
29%
22%
—
Tanla Platforms Ltd · TANLA
—
47%
—
—
41%
—
35%
—
36%
41%
33%
31%
30%
33%
26%
27%
24%
28%
24%
—
Tata Consultancy Services Ltd · TCS
42%
49%
49%
—
47%
45%
54%
55%
52%
58%
59%
59%
55%
52%
58%
57%
53%
51%
55%
56%
Tech Mahindra Ltd · TECHM
—
20%
—
—
20%
—
19%
—
15%
14%
10%
12%
13%
18%
16%
21%
19%
21%
21%
22%
Wipro Ltd · WIPRO
18%
17%
17%
—
16%
15%
15%
17%
17%
16%
15%
15%
14%
14%
15%
15%
15%
14%
15%
17%
Zensar Technologies Ltd · ZENSARTECH
—
17%
—
—
14%
—
11%
—
17%
25%
20%
25%
18%
23%
17%
22%
17%
23%
17%
—
ROCE change · reported quarter history
Showing the 12 largest of 43 companies with a series here. The remaining 31 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Birlasoft Ltd · BSOFT
—
—
—
—
—
—
—
—
−7.2 pp
—
+6.5 pp
—
+3.4 pp
−3.1 pp
−7.0 pp
−10.6 pp
−4.7 pp
−4.7 pp
+1.4 pp
—
Coforge Ltd · COFORGE
—
—
—
—
+5.4 pp
—
−1.0 pp
—
−3.8 pp
—
+1.2 pp
—
−14.8 pp
−6.0 pp
−15.0 pp
−4.5 pp
+6.5 pp
+0.1 pp
+7.8 pp
—
Hexaware Technologies Ltd · HEXT
—
—
—
—
—
—
—
—
—
—
—
—
—
+1.5 pp
—
+1.8 pp
−1.9 pp
−3.3 pp
−3.0 pp
—
LTM Ltd · LTM
—
—
—
—
+20.3 pp
+1.0 pp
−25.0 pp
—
−21.2 pp
−2.7 pp
+2.6 pp
+0.1 pp
−4.2 pp
−4.9 pp
−3.2 pp
−2.6 pp
−1.8 pp
0.0 pp
−1.9 pp
−0.8 pp
Mphasis Ltd · MPHASIS
—
—
—
—
+2.2 pp
+1.0 pp
+0.9 pp
—
−3.0 pp
+0.6 pp
−5.3 pp
−3.8 pp
−2.9 pp
−5.7 pp
+2.2 pp
+2.1 pp
+2.3 pp
+1.9 pp
−0.2 pp
—
Seshaasai Technologies Ltd · STYL
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
+33.3 pp
—
—
−17.3 pp
—
Sonata Software Ltd · SONATSOFTW
—
—
—
—
—
—
—
—
−15.5 pp
—
+6.5 pp
—
+5.0 pp
0.0 pp
−4.7 pp
+5.2 pp
−9.0 pp
−1.5 pp
−4.8 pp
—
Tanla Platforms Ltd · TANLA
—
—
—
—
—
—
—
—
−5.0 pp
—
−2.2 pp
—
−6.0 pp
−8.1 pp
−6.6 pp
−3.7 pp
−5.2 pp
−5.1 pp
−1.9 pp
—
Tata Consultancy Services Ltd · TCS
—
—
—
—
+5.4 pp
−3.8 pp
+5.1 pp
—
+4.8 pp
+13.0 pp
+4.9 pp
+4.8 pp
+3.2 pp
−6.5 pp
−0.8 pp
−2.8 pp
−2.2 pp
−0.8 pp
−3.3 pp
−0.8 pp
Tech Mahindra Ltd · TECHM
—
—
—
—
—
—
—
—
−4.4 pp
—
−8.3 pp
—
−2.0 pp
+4.2 pp
+5.9 pp
+8.6 pp
+5.2 pp
+3.2 pp
+4.4 pp
+1.6 pp
Wipro Ltd · WIPRO
—
—
—
—
−1.9 pp
−2.3 pp
−1.7 pp
—
+1.5 pp
+1.0 pp
+0.2 pp
−2.7 pp
−2.7 pp
−1.9 pp
−0.2 pp
+0.5 pp
+0.9 pp
−0.1 pp
−0.2 pp
+1.6 pp
Zensar Technologies Ltd · ZENSARTECH
—
—
—
—
—
—
—
—
+3.7 pp
—
+8.4 pp
—
+0.5 pp
−2.0 pp
−2.7 pp
−3.0 pp
−0.6 pp
+0.1 pp
−0.5 pp
—
07 · compare level, then change
Valuation Against Growth & Quality
R Systems International Ltd has the lowest Guarded PEG among the 63 IT - Software companies compared here, at 0.26×. AvenuesAI Ltd is next at 0.37×. String Metaverse Ltd has the lowest P/E at 7.14×, so level and change sit with different companies. 21 of 63 companies report a comparable reading, the latest through Mar 2026.
What the numbers say: R Systems International Ltd has the lowest comparable Guarded PEG at 0.26×, 29.7% below AvenuesAI Ltd. Only 21 of 63 companies pass the guard, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.
LeaderR Systems International Ltd · 0.26×
Gap29.7% versus #2 · AvenuesAI Ltd
Persistence0/8 recent comparable periods
Coverage21/63 companies · 183 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
1R Systems International Ltd RSYSTEMS0.3
2AvenuesAI Ltd CCAVENUE0.4
3Saksoft Ltd SAKSOFT0.4
4Coforge Ltd COFORGE0.6
5Cigniti Technologies Ltd CIGNITITEC · older report0.6
P/Elowest P/E
1String Metaverse Ltd 5345357.1
2Kellton Tech Solutions Ltd KELLTONTEC⚠ unverified8.2
3Expleo Solutions Ltd EXPLEOSOL⚠ unverified9.2
4Cigniti Technologies Ltd CIGNITITEC · older report11.4
5Sahana Systems Ltd SAHANA⚠ unverified11.6
Valuation · company comparison
21/63 level · 60/63 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 |
|---|---|---|---|
| Moschip Technologies Ltd MOSCHIP | 5.0 | 97.4 | Jun 2026 |
| Mphasis Ltd MPHASIS | 2.2 | 22.8 | Jun 2026 |
| Tata Consultancy Services Ltd TCS | 1.9 | 14.5 | Jun 2026 |
| Wipro Ltd WIPRO | 1.4 | 13.9 | Jun 2026 |
| Aurionpro Solutions Ltd AURIONPRO | 1.3 | 20.5 | Mar 2026 |
| Hexaware Technologies Ltd HEXT | 1.3 | 18.7 | Mar 2026 |
| Tanla Platforms Ltd TANLA | 1.2 | 13.6 | Jun 2026 |
| LTM Ltd LTM | 1.2 | 20.6 | Jun 2026 |
| Silver Touch Technologies Ltd SILVERTUC | 1.1 | 43.4 | Mar 2026 |
| Datamatics Global Services Ltd DATAMATICS | 1.1 | 18.3 | Mar 2026 |
| Zensar Technologies Ltd ZENSARTECH | 0.9 | 15.7 | Mar 2026 |
| Seshaasai Technologies Ltd STYL | 0.8 | 20.9 | Jun 2026 |
| Tech Mahindra Ltd TECHM | 0.8 | 28.2 | Jun 2026 |
| Sasken Technologies Ltd SASKEN | 0.7 | 40.6 | Mar 2026 |
| Birlasoft Ltd BSOFT | 0.6 | 19.2 | Mar 2026 |
| Sonata Software Ltd SONATSOFTW | 0.6 | 13.3 | Mar 2026 |
| Cigniti Technologies Ltd CIGNITITEC | 0.6 | 15.8 | Dec 2025 |
| Coforge Ltd COFORGE | 0.6 | 30.6 | Mar 2026 |
| Saksoft Ltd SAKSOFT | 0.4 | 11.8 | Mar 2026 |
| AvenuesAI Ltd CCAVENUE | 0.4 | 17.3 | Mar 2026 |
| R Systems International Ltd RSYSTEMS | 0.3 | 14.4 | Mar 2026 |
| ASM Technologies Ltd 526433 | — | 52.1 | Mar 2026 |
| ERP Soft Systems Ltd 530909 | — | 137.1 | Dec 2025 |
| String Metaverse Ltd 534535 | — | 17.8 | Mar 2026 |
| Blue Cloud Softech Solutions Ltd 539607 | — | 15.4 | Mar 2026 |
| Covance Softsol Ltd 544361 | — | 14.5 | Mar 2026 |
| Exato Technologies Ltd 544626 | — | 0.0 | Mar 2026 |
| Infosys Ltd INFY | — | 14.0 | Jun 2026 |
| HCL Technologies Ltd HCLTECH | — | 17.2 | Jun 2026 |
| Mastek Ltd MASTEK | — | 11.5 | Jun 2026 |
| Capillary Technologies India Ltd CAPILLARY | — | 248.4 | Mar 2026 |
| 63 Moons Technologies Ltd 63MOONS | — | 62.4 | Mar 2026 |
| TechNVision Ventures Ltd TECHNVISN⚠ unverified | — | 983.3 | Mar 2026 |
| BLS E-Services Ltd BLSE | — | 25.7 | Mar 2026 |
| Kody Technolab Ltd KODYTECH⚠ unverified | — | 76.3 | Mar 2026 |
| IZMO Ltd IZMO⚠ unverified | — | 26.0 | Mar 2026 |
| NINtec Systems Ltd NINSYS⚠ unverified | — | 21.1 | Mar 2026 |
| Dynacons Systems & Solutions Ltd DSSL⚠ unverified | — | 13.0 | Mar 2026 |
| Magellanic Cloud Ltd MCLOUD⚠ unverified | — | 11.1 | Mar 2026 |
| InfoBeans Technologies Ltd INFOBEAN⚠ unverified | — | 39.7 | Jun 2026 |
| Expleo Solutions Ltd EXPLEOSOL⚠ unverified | — | 9.1 | Mar 2026 |
| Orient Technologies Ltd ORIENTTECH⚠ unverified | — | 29.3 | Mar 2026 |
| TAC Infosec Ltd TAC⚠ unverified | — | 45.0 | Mar 2026 |
| Unicommerce eSolutions Ltd UNIECOM⚠ unverified | — | 44.8 | Mar 2026 |
| Excelsoft Technologies Ltd EXCELSOFT⚠ unverified | — | 19.2 | Mar 2026 |
| Quick Heal Technologies Ltd QUICKHEAL⚠ unverified | — | 125.1 | Mar 2026 |
| Sahana Systems Ltd SAHANA⚠ unverified | — | 11.3 | Mar 2026 |
| Kellton Tech Solutions Ltd KELLTONTEC⚠ unverified | — | 8.9 | Jun 2026 |
| Xchanging Solutions Ltd XCHANGING⚠ unverified | — | 9.8 | Mar 2026 |
| Innovana Thinklabs Ltd INNOVANA⚠ unverified | — | 15.3 | Mar 2026 |
| Subex Ltd SUBEXLTD⚠ unverified | — | 117.2 | Mar 2026 |
| Veefin Solutions Ltd VEEFIN | — | 51.0 | Dec 2025 |
| Unified Data- Tech Solutions Ltd UNIFIED | — | 26.6 | Sep 2025 |
| Allied Digital Services Ltd ADSL⚠ unverified | — | 14.1 | Mar 2026 |
| Ksolves India Ltd KSOLVES⚠ unverified | — | 19.7 | Jun 2026 |
| Mindteck (India) Ltd MINDTECK⚠ unverified | — | 16.6 | Mar 2026 |
| Softtech Engineers Ltd SOFTTECH | — | 126.0 | Mar 2026 |
| RNIT AI Solutions Ltd AUTOPALIND | — | 40.2 | Mar 2026 |
| XT Global Infotech Ltd XTGLOBAL | — | 46.9 | Dec 2025 |
| Trident Techlabs Ltd TECHLABS | — | 75.5 | Sep 2025 |
| Meta Infotech Ltd META | — | 16.7 | Sep 2025 |
Full 20-quarter history · every available company
Guarded PEG · reported quarter history
Showing the 12 largest of 21 companies with a series here. The remaining 9 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Birlasoft Ltd · BSOFT
0.7
0.6
3.0
—
0.7
—
—
—
—
—
0.6
—
—
—
—
—
—
—
—
—
Coforge Ltd · COFORGE
4.1
1.6
0.8
—
0.8
0.8
—
4.0
5.2
—
—
4.9
—
9.2
—
—
3.4
3.2
0.6
—
Hexaware Technologies Ltd · HEXT
—
—
—
—
—
—
—
—
—
—
—
—
—
—
1.7
1.3
—
—
—
—
LTM Ltd · LTM
2.4
2.4
—
—
0.6
0.6
—
—
—
—
—
—
—
7.2
—
—
—
—
1.8
1.2
Mphasis Ltd · MPHASIS
5.9
5.8
1.7
—
1.6
1.3
1.1
1.7
3.1
—
—
—
—
—
—
3.1
2.7
2.7
2.2
2.2
Seshaasai Technologies Ltd · STYL
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
2.3
0.8
—
Sonata Software Ltd · SONATSOFTW
—
—
0.8
—
0.4
0.6
1.2
2.8
1.9
—
—
—
—
—
—
—
—
2.0
0.6
—
Tanla Platforms Ltd · TANLA
—
1.0
—
—
0.5
1.1
—
0.9
—
—
1.7
1.0
1.4
3.1
—
—
—
1.2
—
—
Tata Consultancy Services Ltd · TCS
2.7
4.9
1.5
—
3.0
2.5
3.1
—
3.4
2.4
2.5
2.1
3.4
3.5
3.4
2.7
—
—
—
1.9
Tech Mahindra Ltd · TECHM
—
0.8
0.7
—
1.7
—
—
—
—
—
—
—
—
—
—
0.8
—
1.0
1.8
0.8
Wipro Ltd · WIPRO
1.1
1.1
1.4
—
—
—
—
—
—
—
—
—
1.2
—
0.9
1.0
—
1.4
—
—
Zensar Technologies Ltd · ZENSARTECH
—
0.4
0.3
—
0.3
—
—
—
—
0.5
—
—
—
1.1
4.3
2.0
—
1.0
0.9
—
P/E · reported quarter history
Showing the 12 largest of 61 companies with a series here. The remaining 49 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Coforge Ltd · COFORGE
67.9
45.7
33.5
—
29.7
31.9
29.6
39.4
41.8
52.9
46.0
42.0
55.3
73.8
66.8
75.8
53.0
49.4
30.6
—
HCL Technologies Ltd · HCLTECH
31.0
29.1
19.4
—
18.6
20.4
20.4
21.7
22.2
25.8
26.7
25.2
29.9
30.5
25.3
26.9
22.3
26.6
21.6
17.2
Hexaware Technologies Ltd · HEXT
—
—
—
—
—
—
—
—
—
—
—
—
—
—
21.2
45.3
30.4
32.7
18.7
—
Infosys Ltd · INFY
38.4
37.0
27.6
—
26.7
27.7
25.4
23.1
24.3
25.8
25.5
25.0
29.7
29.5
23.6
25.2
22.1
24.5
18.2
14.0
LTM Ltd · LTM
60.7
49.1
17.9
—
26.9
25.0
27.4
34.9
34.6
42.1
31.8
34.8
39.8
36.1
29.1
34.1
31.9
36.7
24.0
20.6
Mphasis Ltd · MPHASIS
48.0
45.3
29.8
—
26.2
23.6
20.8
22.0
27.4
32.2
28.7
29.8
37.2
34.2
28.7
31.2
28.8
30.4
22.1
22.8
Sonata Software Ltd · SONATSOFTW
29.2
22.5
18.9
—
18.2
18.9
26.7
31.3
31.9
43.8
47.0
38.8
42.8
42.5
22.7
27.2
23.4
23.3
13.3
—
Tanla Platforms Ltd · TANLA
58.6
37.4
24.9
—
19.9
19.0
15.2
30.9
29.0
28.6
20.5
23.1
21.6
16.8
12.1
17.1
19.3
15.1
10.8
13.6
Tata Consultancy Services Ltd · TCS
37.9
36.4
31.4
—
28.5
30.2
28.8
28.7
29.5
31.1
31.0
30.3
32.9
31.3
26.8
25.7
21.3
23.6
16.9
14.5
Tech Mahindra Ltd · TECHM
34.1
28.9
17.1
—
18.3
18.7
20.5
22.8
27.1
34.4
43.2
59.3
62.5
51.1
37.0
45.0
30.3
35.2
28.3
28.2
Wipro Ltd · WIPRO
32.7
27.3
18.8
—
18.7
19.1
17.6
18.8
19.1
22.0
22.8
24.7
25.3
27.5
22.1
21.2
18.3
20.7
15.1
13.9
Zensar Technologies Ltd · ZENSARTECH
30.1
22.6
14.8
—
12.3
13.7
18.4
26.7
28.7
26.3
22.5
25.4
23.0
25.8
24.6
29.5
26.1
23.5
15.7
—
08 · compare level, then change
Enterprise Value & Book Value
Expleo Solutions Ltd has the lowest EV/EBITDA among the 63 IT - Software companies compared here, at 4×. Allied Digital Services Ltd is next at 4.2×. 63 Moons Technologies Ltd has the lowest P/BV at 0.92×, so level and change sit with different companies. 60 of 63 companies report a comparable reading, the latest through Mar 2026.
What the numbers say: Expleo Solutions Ltd leads ev/ebitda at 4×; 63 Moons Technologies Ltd leads p/bv at 0.92×.
LeaderExpleo Solutions Ltd · 4×
Gap4.8% versus #2 · Allied Digital Services Ltd
Persistence0/8 recent comparable periods
Coverage60/63 companies · 833 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
1Expleo Solutions Ltd EXPLEOSOL⚠ unverified4.0
2Allied Digital Services Ltd ADSL⚠ unverified4.2
3Xchanging Solutions Ltd XCHANGING⚠ unverified4.3
4Excelsoft Technologies Ltd EXCELSOFT⚠ unverified6.3
5Magellanic Cloud Ltd MCLOUD⚠ unverified6.7
P/BVlowest P/BV
163 Moons Technologies Ltd 63MOONS0.9
2Kellton Tech Solutions Ltd KELLTONTEC⚠ unverified0.9
3ERP Soft Systems Ltd 530909 · older report1.0
4Allied Digital Services Ltd ADSL⚠ unverified1.1
5AvenuesAI Ltd CCAVENUE1.2
Enterprise and book valuation · company comparison
60/63 level · 62/63 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 |
|---|---|---|---|
| TechNVision Ventures Ltd TECHNVISN⚠ unverified | 355.2 | 319.1 | Mar 2026 |
| ERP Soft Systems Ltd 530909 | 98.6 | 2.0 | Dec 2025 |
| 63 Moons Technologies Ltd 63MOONS | 71.6 | 0.6 | Mar 2026 |
| Moschip Technologies Ltd MOSCHIP | 60.1 | 9.7 | Jun 2026 |
| Kody Technolab Ltd KODYTECH⚠ unverified | 51.0 | 8.9 | Mar 2026 |
| Capillary Technologies India Ltd CAPILLARY | 47.0 | 3.7 | Mar 2026 |
| Trident Techlabs Ltd TECHLABS | 44.9 | 14.9 | Sep 2025 |
| Quick Heal Technologies Ltd QUICKHEAL⚠ unverified | 44.1 | 1.6 | Mar 2026 |
| ASM Technologies Ltd 526433 | 32.6 | 11.8 | Mar 2026 |
| TAC Infosec Ltd TAC⚠ unverified | 29.1 | 13.0 | Mar 2026 |
| RNIT AI Solutions Ltd AUTOPALIND | 27.7 | 5.5 | Mar 2026 |
| Orient Technologies Ltd ORIENTTECH⚠ unverified | 25.9 | 3.1 | Mar 2026 |
| Silver Touch Technologies Ltd SILVERTUC | 24.6 | 9.5 | Mar 2026 |
| Unicommerce eSolutions Ltd UNIECOM⚠ unverified | 23.3 | 5.3 | Mar 2026 |
| Veefin Solutions Ltd VEEFIN | 23.3 | 1.7 | Dec 2025 |
| Unified Data- Tech Solutions Ltd UNIFIED | 20.0 | — | Sep 2025 |
| Exato Technologies Ltd 544626 | 19.8 | — | Mar 2026 |
| XT Global Infotech Ltd XTGLOBAL | 19.3 | 2.5 | Dec 2025 |
| InfoBeans Technologies Ltd INFOBEAN⚠ unverified | 18.4 | 3.8 | Jun 2026 |
| Sasken Technologies Ltd SASKEN | 17.7 | 2.1 | Mar 2026 |
| IZMO Ltd IZMO⚠ unverified | 16.8 | 2.5 | Mar 2026 |
| Blue Cloud Softech Solutions Ltd 539607 | 15.8 | 9.1 | Mar 2026 |
| Tech Mahindra Ltd TECHM | 15.2 | 4.8 | Jun 2026 |
| Coforge Ltd COFORGE | 14.6 | 5.6 | Mar 2026 |
| NINtec Systems Ltd NINSYS⚠ unverified | 14.1 | 8.3 | Mar 2026 |
| String Metaverse Ltd 534535 | 13.7 | 5.3 | Mar 2026 |
| Ksolves India Ltd KSOLVES⚠ unverified | 13.7 | 23.0 | Jun 2026 |
| Aurionpro Solutions Ltd AURIONPRO | 13.4 | 2.6 | Mar 2026 |
| Mphasis Ltd MPHASIS | 13.2 | 4.5 | Jun 2026 |
| LTM Ltd LTM | 12.8 | 4.6 | Jun 2026 |
| BLS E-Services Ltd BLSE | 12.2 | 2.9 | Mar 2026 |
| Seshaasai Technologies Ltd STYL | 11.9 | 3.5 | Jun 2026 |
| Meta Infotech Ltd META | 11.8 | — | Sep 2025 |
| Hexaware Technologies Ltd HEXT | 11.2 | 5.0 | Mar 2026 |
| Softtech Engineers Ltd SOFTTECH | 11.1 | 1.9 | Mar 2026 |
| Innovana Thinklabs Ltd INNOVANA⚠ unverified | 10.8 | 2.8 | Mar 2026 |
| Datamatics Global Services Ltd DATAMATICS | 10.5 | 2.7 | Mar 2026 |
| Cigniti Technologies Ltd CIGNITITEC | 10.5 | 4.0 | Dec 2025 |
| Birlasoft Ltd BSOFT | 10.4 | 2.5 | Mar 2026 |
| Zensar Technologies Ltd ZENSARTECH | 10.2 | 2.8 | Mar 2026 |
| HCL Technologies Ltd HCLTECH | 10.0 | 4.3 | Jun 2026 |
| Tata Consultancy Services Ltd TCS | 9.9 | 7.1 | Jun 2026 |
| Subex Ltd SUBEXLTD⚠ unverified | 9.8 | 1.2 | Mar 2026 |
| AvenuesAI Ltd CCAVENUE | 9.2 | 1.1 | Mar 2026 |
| Covance Softsol Ltd 544361 | 9.0 | 2.6 | Mar 2026 |
| Infosys Ltd INFY | 8.9 | 4.5 | Jun 2026 |
| Wipro Ltd WIPRO | 8.9 | 2.1 | Jun 2026 |
| Sahana Systems Ltd SAHANA⚠ unverified | 8.6 | 3.5 | Mar 2026 |
| Sonata Software Ltd SONATSOFTW | 8.5 | 3.5 | Mar 2026 |
| Dynacons Systems & Solutions Ltd DSSL⚠ unverified | 8.2 | 4.0 | Mar 2026 |
| Tanla Platforms Ltd TANLA | 8.0 | 3.1 | Jun 2026 |
| R Systems International Ltd RSYSTEMS | 7.8 | 4.7 | Mar 2026 |
| Mindteck (India) Ltd MINDTECK⚠ unverified | 7.7 | 1.8 | Mar 2026 |
| Saksoft Ltd SAKSOFT | 7.2 | 2.2 | Mar 2026 |
| Mastek Ltd MASTEK | 7.0 | 1.6 | Jun 2026 |
| Kellton Tech Solutions Ltd KELLTONTEC⚠ unverified | 6.8 | 1.0 | Jun 2026 |
| Magellanic Cloud Ltd MCLOUD⚠ unverified | 6.7 | 2.1 | Mar 2026 |
| Excelsoft Technologies Ltd EXCELSOFT⚠ unverified | 6.3 | 2.0 | Mar 2026 |
| Xchanging Solutions Ltd XCHANGING⚠ unverified | 4.3 | 1.5 | Mar 2026 |
| Allied Digital Services Ltd ADSL⚠ unverified | 4.2 | 0.8 | Mar 2026 |
| Expleo Solutions Ltd EXPLEOSOL⚠ unverified | 4.0 | 1.5 | Mar 2026 |
| IDream Film Infrastructure Company Ltd 504375 | — | -0.9 | Mar 2026 |
Full 20-quarter history · every available company
EV/EBITDA · reported quarter history
Showing the 12 largest of 61 companies with a series here. The remaining 49 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Coforge Ltd · COFORGE
38.3
26.0
18.6
—
17.0
18.6
16.9
21.4
23.1
29.1
25.3
24.7
31.4
38.8
31.7
34.4
24.4
23.4
14.6
—
HCL Technologies Ltd · HCLTECH
16.8
15.1
12.1
—
11.5
12.6
12.5
13.2
13.4
15.5
16.0
15.0
17.7
18.2
15.2
16.2
13.2
15.7
12.5
10.0
Hexaware Technologies Ltd · HEXT
—
—
—
—
—
—
—
—
—
—
—
—
—
—
26.1
27.2
18.5
20.1
11.2
—
Infosys Ltd · INFY
24.3
23.5
17.7
—
17.1
17.6
15.8
14.4
15.0
16.0
15.7
15.8
18.5
18.5
14.7
15.3
13.4
14.6
11.1
8.9
LTM Ltd · LTM
39.8
32.2
11.5
—
29.8
24.0
23.3
23.0
22.7
27.6
20.8
22.4
25.3
22.8
18.0
20.8
19.4
22.5
14.8
12.8
Mphasis Ltd · MPHASIS
30.7
28.6
18.6
—
16.5
14.9
13.0
13.5
16.9
20.2
17.7
17.3
21.9
20.1
17.0
18.6
16.9
17.7
12.9
13.2
Sonata Software Ltd · SONATSOFTW
17.4
14.2
11.5
—
11.4
12.0
17.1
20.1
20.4
26.9
24.4
19.3
20.9
20.7
12.7
15.1
13.5
14.2
8.5
—
Tanla Platforms Ltd · TANLA
42.3
27.1
17.9
—
13.9
13.1
9.8
21.1
20.0
19.8
13.9
15.5
14.5
11.3
7.8
11.1
11.8
9.0
6.2
8.0
Tata Consultancy Services Ltd · TCS
25.4
24.5
20.9
—
19.0
20.1
19.2
19.2
19.8
20.7
20.7
20.5
22.2
21.2
18.1
17.4
14.4
16.1
11.5
9.9
Tech Mahindra Ltd · TECHM
20.4
17.1
10.4
—
10.7
10.9
11.7
12.5
14.2
17.1
19.9
25.4
27.7
24.7
18.7
21.9
16.4
19.0
15.4
15.2
Wipro Ltd · WIPRO
20.9
17.7
11.9
—
12.5
12.6
11.2
11.6
11.2
12.8
13.3
14.4
14.8
16.3
13.4
13.0
11.5
12.8
9.4
8.9
Zensar Technologies Ltd · ZENSARTECH
15.2
10.9
7.3
—
5.7
6.2
8.3
12.6
14.9
14.9
13.4
16.0
14.7
16.6
15.9
19.1
16.9
15.2
10.2
—
P/BV · reported quarter history
Showing the 12 largest of 59 companies with a series here. The remaining 47 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Coforge Ltd · COFORGE
14.4
10.9
9.0
—
7.2
8.4
8.5
9.3
10.1
11.6
10.2
10.8
11.8
10.5
9.1
16.2
8.1
8.1
5.6
—
HCL Technologies Ltd · HCLTECH
5.9
5.3
4.4
—
4.1
4.6
4.8
5.2
5.1
6.1
6.4
6.1
7.2
7.5
6.3
6.8
5.4
6.3
5.2
4.3
Hexaware Technologies Ltd · HEXT
—
—
—
—
—
—
—
—
—
—
—
—
—
—
4.5
9.9
7.0
7.9
5.0
—
IDream Film Infrastructure Company Ltd · 504375
-0.5
-0.4
—
—
—
-0.4
-0.4
-0.4
-0.3
-0.3
-0.3
—
-0.3
-0.3
-0.4
-0.5
-0.6
-0.8
-0.9
—
Infosys Ltd · INFY
11.4
11.4
8.1
—
7.4
7.9
8.0
7.4
8.0
7.9
7.8
7.4
9.5
8.8
7.4
7.0
6.3
6.7
6.2
4.5
LTM Ltd · LTM
16.5
13.9
5.0
—
8.5
14.1
5.8
8.5
8.5
10.3
8.1
8.0
9.1
8.0
6.3
6.9
6.6
7.6
5.3
4.6
Mphasis Ltd · MPHASIS
10.5
10.2
6.1
—
5.6
5.3
4.9
4.5
5.6
6.5
5.7
5.8
6.6
6.3
5.5
6.0
5.2
5.6
4.2
4.5
Sonata Software Ltd · SONATSOFTW
9.4
8.2
6.4
—
6.2
6.8
10.6
12.8
11.4
14.5
14.1
12.6
12.6
11.2
6.5
8.2
5.9
5.8
3.5
—
Tata Consultancy Services Ltd · TCS
14.3
14.1
13.5
—
11.3
12.2
13.2
13.4
14.3
13.8
13.9
15.6
17.2
14.8
12.9
13.1
11.1
11.2
8.1
7.1
Tech Mahindra Ltd · TECHM
6.9
5.9
3.8
—
3.7
3.7
4.0
3.9
4.3
4.7
4.6
5.2
5.9
6.3
5.2
6.0
5.0
5.7
5.0
4.8
Wipro Ltd · WIPRO
6.3
5.3
4.2
—
3.0
3.0
3.1
2.8
2.9
3.5
3.6
3.6
3.8
4.0
3.4
3.4
3.0
3.3
2.4
2.1
Zensar Technologies Ltd · ZENSARTECH
4.7
3.4
2.6
—
1.7
1.7
2.3
3.3
3.9
4.2
4.2
5.7
4.3
4.5
4.3
5.4
4.3
3.8
2.8
—
09 · let price answer last
Market action
Hypersoft Technologies Ltd has the strongest one-year price move in IT - Software at +320.1%. IDream Film Infrastructure Company Ltd leads on Mansfield relative strength against NIFTY at +147.2%. 19 of 56 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 - Software comparison names 7 specific ways its own evidence can mislead, all listed below. 7 of the 63 companies report on an older date than the sector's freshest reporters, so their ranks are marked stale. 21 draw at least one figure from a second feed with too little overlap to cross-check.
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.
- 7 companies have older fundamental reporting dates than the sector’s freshest reporters; their ranks carry a stale marker.
- 21 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.
- 5 companies are missing from the second-feed metrics by decision, not by absence: the two sources disagree, so nothing from the second is drawn. Read those rows as narrower evidence, never as a weaker business.
10 · the complete set
Which companies are included?
All 63 companies in the canonical IT - Software membership are listed below, largest market value first — nothing is silently dropped, even where a company reports too little to rank. 7 of these are no longer being priced, so their price and relative strength are frozen at the last traded week shown.
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 |
|---|---|---|---|---|---|
| Tata Consultancy Services Ltd TCS | ₹8.2 L Cr | ₹2,254 | 2026-07-19 | Jun 2026 | Cross-checked |
| Infosys Ltd INFY | ₹4.2 L Cr | ₹1,041 | 2026-07-19 | Jun 2026 | Second feed withheld |
| HCL Technologies Ltd HCLTECH | ₹3.4 L Cr | ₹1,271 | 2026-07-19 | Jun 2026 | Second feed withheld |
| Wipro Ltd WIPRO | ₹1.8 L Cr | ₹177 | 2026-07-19 | Jun 2026 | Cross-checked |
| Tech Mahindra Ltd TECHMAHEAD | ₹1.5 L Cr | ₹1,560 | 2026-07-19 | Jun 2026 | Cross-checked |
| LTM Ltd LTM | ₹1.2 L Cr | ₹4,092 | 2026-07-19 | Jun 2026 | Cross-checked |
| Coforge Ltd COFORGEAHEAD | ₹65.7K Cr | ₹1,485 | 2026-07-19 | Mar 2026 | Cross-checked |
| Mphasis Ltd MPHASIS | ₹43.7K Cr | ₹2,288 | 2026-07-19 | Jun 2026 | Cross-checked |
| Hexaware Technologies Ltd HEXTAHEAD | ₹33.7K Cr | ₹552 | 2026-07-19 | Mar 2026 | Cross-checked |
| IDream Film Infrastructure Company Ltd 504375AHEAD22/26 WEEKS | ₹17.2K Cr | ₹635 | 2026-07-19 | Mar 2026 | Primary source only |
| Zensar Technologies Ltd ZENSARTECH | ₹11.5K Cr | ₹506 | 2026-07-19 | Mar 2026 | Cross-checked |
| Sonata Software Ltd SONATSOFTWAHEAD | ₹8.1K Cr | ₹288 | 2026-07-19 | Mar 2026 | Cross-checked |
| Tanla Platforms Ltd TANLAAHEAD | ₹8.0K Cr | ₹600 | 2026-07-19 | Jun 2026 | Cross-checked |
| Birlasoft Ltd BSOFT | ₹7.9K Cr | ₹282 | 2026-07-19 | Mar 2026 | Cross-checked |
| Seshaasai Technologies Ltd STYLAHEAD | ₹6.2K Cr | ₹384 | 2026-07-19 | Jun 2026 | Cross-checked |
| ASM Technologies Ltd 526433AHEAD | ₹6.2K Cr | ₹4,254 | 2026-07-19 | Mar 2026 | Primary source only |
| AvenuesAI Ltd CCAVENUEAHEAD | ₹5.7K Cr | ₹16.3 | 2026-07-19 | Mar 2026 | Cross-checked |
| Mastek Ltd MASTEK | ₹5.2K Cr | ₹1,691 | 2026-07-19 | Jun 2026 | Second feed withheld |
| Datamatics Global Services Ltd DATAMATICSAHEAD | ₹4.9K Cr | ₹822 | 2026-07-19 | Mar 2026 | Cross-checked |
| Aurionpro Solutions Ltd AURIONPRO | ₹4.6K Cr | ₹825 | 2026-07-19 | Mar 2026 | Cross-checked |
| Moschip Technologies Ltd MOSCHIPAHEAD | ₹4.5K Cr | ₹232 | 2026-07-19 | Jun 2026 | Cross-checked |
| Capillary Technologies India Ltd CAPILLARY | ₹3.8K Cr | ₹476 | 2026-07-19 | Mar 2026 | Cross-checked |
| Cigniti Technologies Ltd CIGNITITECAHEAD | ₹3.5K Cr | ₹1,260 | 2026-05-17 · not currently priced | Dec 2025 | Cross-checked |
| 63 Moons Technologies Ltd 63MOONS | ₹3.3K Cr | ₹708 | 2026-07-19 | Mar 2026 | Second feed withheld |
| TechNVision Ventures Ltd TECHNVISN⚠ unverified | ₹3.2K Cr | ₹5,074 | 2026-07-19 | Mar 2026 | Includes unverified figures |
| R Systems International Ltd RSYSTEMSLAGGING, FUNDAMENTALS UP | ₹2.9K Cr | ₹246 | 2026-07-19 | Mar 2026 | Cross-checked |
| Sasken Technologies Ltd SASKENAHEAD | ₹2.8K Cr | ₹1,821 | 2026-07-19 | Mar 2026 | Cross-checked |
| BLS E-Services Ltd BLSEAHEAD | ₹2.6K Cr | ₹282 | 2026-07-19 | Mar 2026 | Second feed withheld |
| Silver Touch Technologies Ltd SILVERTUCAHEAD22/26 WEEKS | ₹2.5K Cr | ₹200 | 2026-07-19 | Mar 2026 | Cross-checked |
| Saksoft Ltd SAKSOFTAHEADLAGGING, FUNDAMENTALS UP | ₹2.2K Cr | ₹168 | 2026-07-19 | Mar 2026 | Cross-checked |
| Blue Cloud Softech Solutions Ltd 539607AHEAD | ₹1.9K Cr | ₹20.5 | 2026-07-19 | Mar 2026 | Primary source only |
| Hypersoft Technologies Ltd 539724AHEAD21/26 WEEKS | ₹1.8K Cr | ₹213 | 2026-07-19 | Mar 2026 | Primary source only |
| Kody Technolab Ltd KODYTECHAHEAD⚠ unverified | ₹1.7K Cr | ₹1,223 | 2026-07-19 | Mar 2026 | Includes unverified figures |
| IZMO Ltd IZMOAHEAD⚠ unverified | ₹1.7K Cr | ₹1,104 | 2026-07-19 | Mar 2026 | Includes unverified figures |
| NINtec Systems Ltd NINSYSAHEAD⚠ unverified | ₹1.6K Cr | ₹867 | 2026-07-19 | Mar 2026 | Includes unverified figures |
| Dynacons Systems & Solutions Ltd DSSLAHEAD25/26 WEEKS⚠ unverified | ₹1.6K Cr | ₹1,241 | 2026-07-19 | Mar 2026 | Includes unverified figures |
| Magellanic Cloud Ltd MCLOUD⚠ unverified | ₹1.6K Cr | ₹26.6 | 2026-07-19 | Mar 2026 | Includes unverified figures |
| InfoBeans Technologies Ltd INFOBEAN⚠ unverified | ₹1.5K Cr | ₹157 | 2026-07-19 | Jun 2026 | Includes unverified figures |
| Expleo Solutions Ltd EXPLEOSOLLAGGING, FUNDAMENTALS UP⚠ unverified | ₹1.2K Cr | ₹802 | 2026-07-19 | Mar 2026 | Includes unverified figures |
| Orient Technologies Ltd ORIENTTECH⚠ unverified | ₹1.2K Cr | ₹259 | 2026-07-19 | Mar 2026 | Includes unverified figures |
| TAC Infosec Ltd TAC⚠ unverified | ₹1.1K Cr | ₹541 | 2026-07-19 | Mar 2026 | Includes unverified figures |
| Unicommerce eSolutions Ltd UNIECOM⚠ unverified | ₹948 Cr | ₹84.4 | 2026-07-19 | Mar 2026 | Includes unverified figures |
| Excelsoft Technologies Ltd EXCELSOFT⚠ unverified | ₹856 Cr | ₹74.4 | 2026-07-19 | Mar 2026 | Includes unverified figures |
| Quick Heal Technologies Ltd QUICKHEAL⚠ unverified | ₹829 Cr | ₹153 | 2026-07-19 | Mar 2026 | Includes unverified figures |
| Sahana Systems Ltd SAHANALAGGING, FUNDAMENTALS UP⚠ unverified | ₹790 Cr | ₹894 | 2026-07-19 | Mar 2026 | Includes unverified figures |
| Kellton Tech Solutions Ltd KELLTONTEC⚠ unverified | ₹749 Cr | ₹14.1 | 2026-07-19 | Jun 2026 | Includes unverified figures |
| String Metaverse Ltd 534535LAGGING, FUNDAMENTALS UP | ₹732 Cr | ₹6.0 | 2026-07-19 | Mar 2026 | Primary source only |
| Xchanging Solutions Ltd XCHANGINGLAGGING, FUNDAMENTALS UP⚠ unverified | ₹713 Cr | ₹64.0 | 2026-07-19 | Mar 2026 | Includes unverified figures |
| Innovana Thinklabs Ltd INNOVANA⚠ unverified | ₹711 Cr | ₹344 | 2026-07-19 | Mar 2026 | Includes unverified figures |
| Subex Ltd SUBEXLTDAHEAD⚠ unverified | ₹709 Cr | ₹12.6 | 2026-07-19 | Mar 2026 | Includes unverified figures |
| Veefin Solutions Ltd VEEFIN | ₹690 Cr | ₹270 | 2026-03-08 · not currently priced | Dec 2025 | Primary source only |
| Unified Data- Tech Solutions Ltd UNIFIED | ₹682 Cr | ₹339 | 2026-03-08 · not currently priced | Sep 2025 | Primary source only |
| Allied Digital Services Ltd ADSLLAGGING, FUNDAMENTALS UP⚠ unverified | ₹668 Cr | ₹118 | 2026-07-19 | Mar 2026 | Includes unverified figures |
| Ksolves India Ltd KSOLVES⚠ unverified | ₹666 Cr | ₹281 | 2026-07-19 | Jun 2026 | Includes unverified figures |
| Mindteck (India) Ltd MINDTECK⚠ unverified | ₹623 Cr | ₹195 | 2026-07-19 | Mar 2026 | Includes unverified figures |
| Covance Softsol Ltd 544361AHEAD22/26 WEEKS | ₹583 Cr | ₹263 | 2026-07-19 | Mar 2026 | Primary source only |
| Softtech Engineers Ltd SOFTTECHAHEAD | ₹580 Cr | ₹419 | 2026-07-19 | Mar 2026 | Primary source only |
| Exato Technologies Ltd 544626AHEAD | ₹572 Cr | ₹568 | 2026-07-19 | Mar 2026 | Primary source only |
| RNIT AI Solutions Ltd AUTOPALIND | ₹479 Cr | ₹56.5 | 2026-07-19 | Mar 2026 | Primary source only |
| XT Global Infotech Ltd XTGLOBAL | ₹375 Cr | ₹27.9 | 2026-03-29 · not currently priced | Dec 2025 | Primary source only |
| Trident Techlabs Ltd TECHLABS | ₹289 Cr | ₹167 | 2026-03-29 · not currently priced | Sep 2025 | Primary source only |
| Meta Infotech Ltd META | ₹176 Cr | ₹93.1 | 2026-03-08 · not currently priced | Sep 2025 | Primary source only |
| ERP Soft Systems Ltd 530909 | ₹19 Cr | ₹47.3 | 2026-03-29 · not currently priced | Dec 2025 | Primary source only |
How each company's sources stand: 21 of 63 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. 5 of 63 companies have a second data feed that is known to disagree with the primary source, so nothing from it is drawn: Infosys Ltd (INFY) — its second source reports in USD, not rupees, so nothing from it can be placed on this crore axis; HCL Technologies Ltd (HCLTECH) — its second source reports in USD, not rupees, so nothing from it can be placed on this crore axis; Mastek Ltd (MASTEK) — its two data sources disagree by up to 4.6% on reported income across 14 comparable periods, so its derived ratios are withheld; 63 Moons Technologies Ltd (63MOONS) — its two data sources disagree by up to 280% on reported income across 13 comparable periods, so its derived ratios are withheld; BLS E-Services Ltd (BLSE) — its two data sources disagree by up to 19% on reported income across 14 comparable periods, so its derived ratios are withheld.
Evidence and freshness
How was this comparison built?
This comparison is built from the reported filings of 63 IT - Software 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 standing22 cross-checked · 36 unverified · 5 withheld, of 63 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 - Software company comparison FAQs
These 18 answers restate the IT - Software comparison above in question form. Every one is computed from the same 63 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 - Software index?
The Nifty IT - Software index tracks India's listed IT - Software companies as a single basket. This page follows the same 63 companies and equal-weights them, so every company's weekly return counts once whatever it is worth, and the reading belongs to the IT - Software sector rather than to its largest constituent. Figures are as of Jun 2026.
Which are the best IT - Software stocks in India?
Ranked by this page's four-factor score, Silver Touch Technologies Ltd places first among 63 listed IT - Software companies, followed by NINtec 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 - Software stocks are listed in India?
This comparison covers 63 listed IT - Software 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 - Software company is the biggest?
Tata Consultancy Services Ltd is the largest, with trailing-twelve-month revenue of ₹2,75,859 crore, ahead of Infosys Ltd at ₹1,84,582 crore. That covers 55 of 63 companies with comparable reporting through Jun 2026.
Which IT - Software company is growing fastest?
String Metaverse Ltd has the fastest revenue growth at 100% year on year, across 53 of 63 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 - Software company has the best profit margins?
TAC Infosec Ltd has the highest operating margin at 45%, from 62 of 63 comparable companies. 63 Moons Technologies Ltd shows the biggest recent improvement, at +397 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.
Which IT - Software company makes the most profit?
Tata Consultancy Services Ltd earns the most, at ₹50,055 crore of trailing-twelve-month net profit, from 55 of 63 comparable companies. Capillary Technologies India Ltd has the fastest profit growth at 271.4%, though growth off a small or recovering profit base overstates how much has actually changed.
Which IT - Software company earns the highest return on capital?
Ksolves India Ltd leads on return on capital employed at 131%, across 63 of 63 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 - Software stock is the cheapest?
On guarded PEG — where a LOWER number is cheaper — R Systems International Ltd screens cheapest at 0.26×. Only 21 of 63 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 - Software company has the strongest balance sheet?
Hypersoft Technologies Ltd carries the lowest comparable gross debt at ₹0 crore, from 63 of 63 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 - Software stock has the strongest price momentum?
IDream Film Infrastructure Company 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 - Software company scores highest for research priority?
Silver Touch Technologies Ltd scores 72.2 out of 100 with 88.6% evidence confidence, from 27.7 points on growth and earnings, 18.4 on capital efficiency, 10.3 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 - Software companies does this comparison cover, and over what period?
It compares 63 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 - Software sector?
The 63 IT - Software companies on this page carry ₹23,22,655 crore of combined market value. Tata Consultancy Services Ltd is the largest at ₹8,15,625 crore, about 35% 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 - Software sector's P/E ratio?
The median price-to-earnings ratio across the 63 IT - Software companies on this page is 21×, measured on the 60 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 - Software sector performing?
19 of the 56 covered IT - Software 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.