Sector Alpha Week of 2026-08-05
20-quarter listed-company comparison

IT Product Companies Stocks in India

IT Product Companies: Oracle Financial Services Software Ltd owns the largest revenue base; Rategain Travel Technologies Ltd has the fastest current growth.

01 · the index people search for

Nifty IT Product Companies Index — Constituents & Performance

The IT Product Companies companies below are the listed Indian IT Product Companies universe this page tracks — the same constituent set people search for as the Nifty IT Product Companies index. Every figure is equal-weighted across those companies, so one large constituent cannot set the reading. Each number carries its own as-of date.

02 · the sector itself · before any single company

How has IT Product Companies moved against NIFTY 500?

The line below covers up to 5.2 years and opens on the 5Y view; the buttons cut it shorter. Over the most recent two of them this sector is 15% behind NIFTY 500. Earnings across its companies grew 1% on average over the last four reported quarters — close to flat. It has been ahead of NIFTY 500 on a rolling three-month view for 13 weeks running.

BREAKING OUT · ahead 13w⚠Price down, no fundamental support5 of 9 companies ahead of NIFTY 500 by 5% or more over three months1 is 20% or more behind over a year while earnings grew 20% or more

RS ↑13w · 4/9 >200d (+0) · 5/9 lead (+0) · EPS 3/9↑

20050020262025202420232022 677333 TRAILING 12-MONTH EPS · 100 AT THE START0100123Dec 22Jun 23Dec 23Jun 24Dec 24Jun 25Dec 25Jun 26Sep 2022 · trailing 12-month earnings per share at 100, against 100 at the start · no comparable year yet · 3 reporting · thin coverageDec 2022 · trailing 12-month earnings per share at 100, against 100 at the start · no comparable year yet · 3 reporting · thin coverageMar 2023 · trailing 12-month earnings per share at 100, against 100 at the start · no comparable year yet · 3 reporting · thin coverageJun 2023 · trailing 12-month earnings per share at 102, against 100 at the start · down 2.4% on a year ago · 4 reportingSep 2023 · trailing 12-month earnings per share at 102, against 100 at the start · up 31.8% on a year ago · 6 reportingDec 2023 · trailing 12-month earnings per share at 113, against 100 at the start · up 46.1% on a year ago · 6 reportingMar 2024 · trailing 12-month earnings per share at 109, against 100 at the start · up 42.0% on a year ago · 6 reportingJun 2024 · trailing 12-month earnings per share at 108, against 100 at the start · up 62.6% on a year ago · 6 reportingSep 2024 · trailing 12-month earnings per share at 110, against 100 at the start · up 38.7% on a year ago · 6 reportingDec 2024 · trailing 12-month earnings per share at 103, against 100 at the start · up 22.4% on a year ago · 6 reportingMar 2025 · trailing 12-month earnings per share at 117, against 100 at the start · up 29.0% on a year ago · 6 reportingJun 2025 · trailing 12-month earnings per share at 119, against 100 at the start · up 16.2% on a year ago · 6 reportingSep 2025 · trailing 12-month earnings per share at 123, against 100 at the start · up 11.5% on a year ago · 6 reportingDec 2025 · trailing 12-month earnings per share at 119, against 100 at the start · up 2.4% on a year ago · 6 reportingMar 2026 · trailing 12-month earnings per share at 122, against 100 at the start · down 6.3% on a year ago · 6 reportingJun 2026 · trailing 12-month earnings per share at 101, against 100 at the start · down 2.0% on a year ago · 5 reportingNot reported yet — earnings trail price by a quarter or two101No earnings on file this far back — the price series reaches further than the filings doNO EARNINGS ON FILE
20050020262025202420232022 677333 TRAILING 12-MONTH EPS · 100 AT THE START0100123Jun 23Jun 24Jun 25Jun 26Sep 2022 · trailing 12-month earnings per share at 100, against 100 at the start · no comparable year yet · 3 reporting · thin coverageDec 2022 · trailing 12-month earnings per share at 100, against 100 at the start · no comparable year yet · 3 reporting · thin coverageMar 2023 · trailing 12-month earnings per share at 100, against 100 at the start · no comparable year yet · 3 reporting · thin coverageJun 2023 · trailing 12-month earnings per share at 102, against 100 at the start · down 2.4% on a year ago · 4 reportingSep 2023 · trailing 12-month earnings per share at 102, against 100 at the start · up 31.8% on a year ago · 6 reportingDec 2023 · trailing 12-month earnings per share at 113, against 100 at the start · up 46.1% on a year ago · 6 reportingMar 2024 · trailing 12-month earnings per share at 109, against 100 at the start · up 42.0% on a year ago · 6 reportingJun 2024 · trailing 12-month earnings per share at 108, against 100 at the start · up 62.6% on a year ago · 6 reportingSep 2024 · trailing 12-month earnings per share at 110, against 100 at the start · up 38.7% on a year ago · 6 reportingDec 2024 · trailing 12-month earnings per share at 103, against 100 at the start · up 22.4% on a year ago · 6 reportingMar 2025 · trailing 12-month earnings per share at 117, against 100 at the start · up 29.0% on a year ago · 6 reportingJun 2025 · trailing 12-month earnings per share at 119, against 100 at the start · up 16.2% on a year ago · 6 reportingSep 2025 · trailing 12-month earnings per share at 123, against 100 at the start · up 11.5% on a year ago · 6 reportingDec 2025 · trailing 12-month earnings per share at 119, against 100 at the start · up 2.4% on a year ago · 6 reportingMar 2026 · trailing 12-month earnings per share at 122, against 100 at the start · down 6.3% on a year ago · 6 reportingJun 2026 · trailing 12-month earnings per share at 101, against 100 at the start · down 2.0% on a year ago · 5 reportingNot reported yet — earnings trail price by a quarter or twoNo earnings on file this far back — the price series reaches further than the filings do
IT Product Companies, equal-weighted, based at 200 NIFTY 500, same base, same start trailing 12-month earnings per share rising falling

Both lines start at 200 in the same week, so the distance between them is the whole story: the sector line is an equal-weighted index of its 9 companies. The bars underneath are trailing 12-month earnings per share, one bar per reported quarter, each member rebased to 100 at the start and the sector taking the median — so a price line pulling away from flat bars is a re-rating, not earnings. A bar turns red when that figure is lower than the quarter before. Rules are fixed and applied identically everywhere on this site: ahead by 5% or more over three months, or behind by 20% or more over a year while earnings grew 20% or more. Hover any point to read both values and the gap. This is a description of what the numbers did, not advice.

03 · sector relative strength, before individual stocks

Is IT Product Companies outperforming NIFTY 500?

IT Product Companies has underperformed NIFTY 500 by 1.4% over the last 52 weeks. Over 13 weeks the gap is a lead of 11.3%. 3 of 9 covered companies currently beat NIFTY on Mansfield relative strength, so leadership inside the sector is selective. Rategain Travel Technologies Ltd is the strongest against the sector itself at +34.1%.

+11.3%Sector vs NIFTY 500 · 13 weeks
-1.4%Sector vs NIFTY 500 · 52 weeks
3/9Stocks leading NIFTY 500
5/9Stocks leading sector

Sector metric: 61.3 as of 2026-07-19 · CONSOLIDATION · falling.

The central tension: the companies with the most scale are not necessarily the companies creating the most change.

Start with scale. Then earnings trajectory. Then business quality. Only after those three agree should price leadership carry much weight.

Bottom line

IT Product Companies has underperformed NIFTY 500 by 1.4% over 52 weeks and 11.3% over 13 weeks. 3 of 9 covered companies beat NIFTY on Mansfield relative strength, while 5 of 9 beat the sector itself. Oracle Financial Services Software Ltd leads with revenue of ₹8,945 crore, based on 9 of 9 comparable companies through Jun 2026.

Companies
9
complete canonical membership
Combined market value
₹1.4 L Cr
Oracle Financial Services Software Ltd
Revenue growing
9/9
positive TTM year-on-year growth
Beating NIFTY 500
3/9
positive Mansfield relative strength
Comparing 5 of 9
04 · research priority, made explicit

4-Factor Sector Score

An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment.

Growth & earnings · 35%Capital efficiency · 25%Valuation · 20%Relative strength · 20%
Oracle Financial Services Software Ltd has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 100% evidence confidence.
Accelya Solutions India Ltd looks inexpensive relative to peers or its own history, but its earnings trajectory has not yet earned the valuation signal.
Rategain Travel Technologies Ltd has stronger price confirmation than earnings confirmation; that is a research prompt, not permission to chase.
How this score is built, and what the marks mean

Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led NIFTY 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.

CompanyScorePrice stageGrowth & earnings/35Capital efficiency/25Valuation/20Relative strength/20
1Oracle Financial Services Software LtdOFSS 67.9/100Favorable setup100% evidence LEADER 31.2/35 Revenue 28.6% · PAT 42% · OPM change 14 pp 100% evidence 21.7/25 ROCE 45.3% · OPM 60% 100% evidence 2.1/20 P/E 28.5× · PEG 3.37 100% evidence 12.9/20 RS sector 24.5% · RS bench 28.5% · 1Y 29.9%12 of 12 weeks ahead 100% evidence
Exact sum: 31.2 + 21.7 + 2.1 + 12.9 = 67.9 · Decision use: Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence.
2Rategain Travel Technologies LtdRATEGAIN 57.2/100Mixed-positive evidence96% evidence LEADER 15.4/35 Revenue 69.4% · PAT -7.2% · OPM change -2 pp 88% evidence 10.0/25 ROCE 13.7% · OPM 21% 100% evidence 11.8/20 P/E 49.2× · PEG 1.03 100% evidence 20.0/20 RS sector 34.1% · RS bench 38.2% · 1Y 106.2%12 of 12 weeks ahead 100% evidence
Exact sum: 15.4 + 10 + 11.8 + 20 = 57.2 · Decision use: Price leads the evidence: RS versus the benchmark is 38.2%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
3Ramco Systems LtdRAMCOSYS 56.8/100Mixed-positive evidence77% evidence TURNING 21.9/35 Revenue 15.7% · PAT 100% · OPM change -3.3 pp 100% evidence 11.6/25 ROCE 19.7% · OPM 14.7% 100% evidence 9.3/20 P/E 34.6× · PEG — 15% evidence 14.0/20 RS sector 7% · RS bench 9.8% · 1Y 46.8%7 of 10 weeks ahead 70% evidence
Exact sum: 21.9 + 11.6 + 9.3 + 14 = 56.8 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
4Zaggle Prepaid Ocean Services LtdZAGGLE 54.5/100Mixed-positive evidence96% evidence ASLEEP 28.7/35 Revenue 46.3% · PAT 58% · OPM change 0 pp 88% evidence 7.4/25 ROCE 14% · OPM 9% 100% evidence 17.7/20 P/E 19.9× · PEG 0.96 100% evidence 0.7/20 RS sector -32.2% · RS bench -30.5% · 1Y -46.6%0 of 12 weeks ahead 100% evidence
Exact sum: 28.7 + 7.4 + 17.7 + 0.7 = 54.5 · Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -32.2% and the one-year return is -46.6%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth.
5Accelya Solutions India LtdACCELYA 52.7/100Mixed-positive evidence81% evidence ASLEEP 5.5/35 Revenue 0.6% · PAT -25.8% · OPM change -3 pp 95% evidence 21.7/25 ROCE 49.4% · OPM 36% 95% evidence 13.3/20 P/E 16.4× · PEG — 50% evidence 12.2/20 RS sector 11.7% · RS bench -11.2% · 1Y -18.3%0 of 10 weeks ahead 70% evidence
Exact sum: 5.5 + 21.7 + 13.3 + 12.2 = 52.7 · Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity.
6Newgen Software Technologies LtdNEWGEN 50.7/100Mixed-positive evidence94% evidence TURNING 15.7/35 Revenue 7.9% · PAT -0.9% · OPM change 2 pp 100% evidence 16.0/25 ROCE 25% · OPM 16% 100% evidence 15.2/20 P/E 23.1× · PEG 0.73 100% evidence 3.8/20 RS sector -32.6% · RS bench -18% · 1Y -34.7%3 of 10 weeks ahead 70% evidence
Exact sum: 15.7 + 16 + 15.2 + 3.8 = 50.7 · Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity.
7Intellect Design Arena LtdINTELLECT 48.9/100Mixed-negative evidence94% evidence ASLEEP 19.8/35 Revenue 22.5% · PAT -0.6% · OPM change 0 pp 100% evidence 12.6/25 ROCE 16% · OPM 20% 100% evidence 10.8/20 P/E 27.3× · PEG 1.79 100% evidence 5.7/20 RS sector -8.3% · RS bench -17.1% · 1Y -30.5%2 of 10 weeks ahead 70% evidence
Exact sum: 19.8 + 12.6 + 10.8 + 5.7 = 48.9 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
8Network People Services Technologies LtdNPST 35.3/100Mixed-negative evidence96% evidence BREAKING OUT 8.4/35 Revenue 13.3% · PAT -6.8% · OPM change -12 pp 88% evidence 13.0/25 ROCE 19.7% · OPM 21% 100% evidence 2.6/20 P/E 78× · PEG 7.32 100% evidence 11.3/20 RS sector -3.6% · RS bench -1.7% · 1Y -16.4%9 of 12 weeks ahead 100% evidence
Exact sum: 8.4 + 13 + 2.6 + 11.3 = 35.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
9Nucleus Software Exports LtdNUCLEUS 34.5/100Adverse evidence81% evidence ASLEEP 5.4/35 Revenue 1.6% · PAT -36.9% · OPM change -12.2 pp 95% evidence 9.7/25 ROCE 16.8% · OPM 3.8% 95% evidence 9.9/20 P/E 15.8× · PEG — 50% evidence 9.5/20 RS sector 5.2% · RS bench -22.9% · 1Y -34.4%0 of 10 weeks ahead 70% evidence
Exact sum: 5.4 + 9.7 + 9.9 + 9.5 = 34.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
05 · what price has already done

Market action

Rategain Travel Technologies Ltd has the strongest one-year price move in IT Product Companies at +106.2%. It also leads on Mansfield relative strength against NIFTY at +38.2%. 3 of 9 covered companies are above zero on that measure. Every line covers 313 weekly closes through 2026-07-31.

Price and relative strength

Every company, the sector's own index and NIFTY 500 all start level on the left edge of the window, so only the distance between the lines counts — the highest line has risen the most since then, and the chart at the top of this page is drawn the same way. It opens on one year; the buttons beside it stretch that to three or five.

06 · compare level, then change

Revenue Scale & Growth Durability

Oracle Financial Services Software Ltd has the highest Revenue among the 9 IT Product Companies companies compared here, at ₹8,945 crore. Intellect Design Arena Ltd is next at ₹3,181 crore. Rategain Travel Technologies Ltd has the highest Revenue growth at 69.4%, so level and change sit with different companies. Its Revenue series carries 20 reported observations across the 20-quarter window.

What the numbers say: Oracle Financial Services Software Ltd is the scale leader at ₹8,945 crore, 181.2% ahead of Intellect Design Arena Ltd. Rategain Travel Technologies Ltd's growth is 69.4% from a ₹1,824 crore base, with 19 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.

LeaderOracle Financial Services Software Ltd · ₹8,945 crore
Gap181.2% versus #2 · Intellect Design Arena Ltd
Persistence7/8 recent comparable periods
Coverage9/9 companies · 163 observations

Investor read: Oracle Financial Services Software Ltd is the scale benchmark; Rategain Travel Technologies Ltd is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.

This conclusion weakens if: Oracle Financial Services Software Ltd's growth falls below Rategain Travel Technologies Ltd's for two consecutive comparable reports while operating margin also compresses.

Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress.
Revenuelargest
1Oracle Financial Services Software Ltd OFSS₹8.9K Cr
2Intellect Design Arena Ltd INTELLECT₹3.2K Cr
3Zaggle Prepaid Ocean Services Ltd ZAGGLE₹1.9K Cr
4Rategain Travel Technologies Ltd RATEGAIN₹1.8K Cr
5Newgen Software Technologies Ltd NEWGEN₹1.6K Cr
Revenue growthfastest growers
1Rategain Travel Technologies Ltd RATEGAIN69%
2Zaggle Prepaid Ocean Services Ltd ZAGGLE46%
3Oracle Financial Services Software Ltd OFSS29%
4Intellect Design Arena Ltd INTELLECT23%
5Ramco Systems Ltd RAMCOSYS16%
Revenue · company comparison
9/9 level · 9/9 change

On every company-comparison chart on this page: solid lines show level, dotted lines show change when “Both” is selected, and a missing report breaks the line rather than being invented.

All-company data · latest reported quarter

In every all-company table on this page, each figure is the company’s latest single reported quarter. The rankings above them use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyRevenueRevenue growthReported
Oracle Financial Services Software Ltd OFSS₹3.1K Cr69%Jun 2026
Intellect Design Arena Ltd INTELLECT₹845 Cr20%Jun 2026
Rategain Travel Technologies Ltd RATEGAIN₹716 Cr174%Mar 2026
Zaggle Prepaid Ocean Services Ltd ZAGGLE₹618 Cr50%Mar 2026
Newgen Software Technologies Ltd NEWGEN₹357 Cr11%Jun 2026
Nucleus Software Exports Ltd NUCLEUS⚠ unverified₹210 Cr-3.7%Jun 2026
Ramco Systems Ltd RAMCOSYS₹173 Cr7.1%Jun 2026
Accelya Solutions India Ltd ACCELYA⚠ unverified₹127 Cr-3.8%Jun 2026
Network People Services Technologies Ltd NPST₹62 Cr138%Mar 2026
Full 20-quarter history · every available company

Revenue · reported quarter history

Accelya Solutions India Ltd · ACCELYA⚠ unverified

—
—
—
—
—
₹112 Cr
₹119 Cr
₹122 Cr
₹127 Cr
₹125 Cr
₹131 Cr
₹128 Cr
₹127 Cr
₹133 Cr
₹137 Cr
₹132 Cr
₹136 Cr
₹133 Cr
₹136 Cr
₹127 Cr

Intellect Design Arena Ltd · INTELLECT

₹452 Cr
₹508 Cr
₹509 Cr
₹541 Cr
₹528 Cr
₹547 Cr
₹616 Cr
₹639 Cr
₹619 Cr
₹634 Cr
₹614 Cr
₹606 Cr
₹558 Cr
₹610 Cr
₹726 Cr
₹702 Cr
₹758 Cr
₹731 Cr
₹847 Cr
₹845 Cr

Network People Services Technologies Ltd · NPST

₹4 Cr
₹5 Cr
₹7 Cr
₹3 Cr
₹6 Cr
₹10 Cr
₹21 Cr
₹24 Cr
₹28 Cr
₹31 Cr
₹44 Cr
₹59 Cr
₹67 Cr
₹21 Cr
₹26 Cr
₹34 Cr
₹47 Cr
₹53 Cr
₹62 Cr
—

Newgen Software Technologies Ltd · NEWGEN

₹185 Cr
₹203 Cr
₹231 Cr
₹188 Cr
₹226 Cr
₹255 Cr
₹305 Cr
₹252 Cr
₹293 Cr
₹324 Cr
₹375 Cr
₹315 Cr
₹361 Cr
₹381 Cr
₹430 Cr
₹321 Cr
₹401 Cr
₹400 Cr
₹453 Cr
₹357 Cr

Nucleus Software Exports Ltd · NUCLEUS⚠ unverified

—
—
—
—
—
₹169 Cr
₹206 Cr
₹207 Cr
₹205 Cr
₹204 Cr
₹210 Cr
₹195 Cr
₹202 Cr
₹206 Cr
₹229 Cr
₹218 Cr
₹214 Cr
₹220 Cr
₹225 Cr
₹210 Cr

Oracle Financial Services Software Ltd · OFSS

₹1.3K Cr
₹1.3K Cr
₹1.3K Cr
₹1.4K Cr
₹1.4K Cr
₹1.4K Cr
₹1.5K Cr
₹1.5K Cr
₹1.4K Cr
₹1.8K Cr
₹1.6K Cr
₹1.7K Cr
₹1.7K Cr
₹1.7K Cr
₹1.7K Cr
₹1.9K Cr
₹1.8K Cr
₹2.0K Cr
₹2.1K Cr
₹3.1K Cr

Ramco Systems Ltd · RAMCOSYS

₹141 Cr
₹126 Cr
₹124 Cr
₹120 Cr
₹119 Cr
₹128 Cr
₹126 Cr
₹140 Cr
₹127 Cr
₹128 Cr
₹131 Cr
₹137 Cr
₹143 Cr
₹157 Cr
₹155 Cr
₹161 Cr
₹176 Cr
₹179 Cr
₹185 Cr
₹173 Cr

Rategain Travel Technologies Ltd · RATEGAIN

₹85 Cr
₹99 Cr
₹110 Cr
₹119 Cr
₹125 Cr
₹138 Cr
₹183 Cr
₹214 Cr
₹235 Cr
₹252 Cr
₹256 Cr
₹260 Cr
₹277 Cr
₹279 Cr
₹261 Cr
₹273 Cr
₹295 Cr
₹540 Cr
₹716 Cr
—

Zaggle Prepaid Ocean Services Ltd · ZAGGLE

—
—
—
—
₹130 Cr
₹148 Cr
₹187 Cr
₹118 Cr
₹184 Cr
₹200 Cr
₹273 Cr
₹252 Cr
₹303 Cr
₹337 Cr
₹412 Cr
₹332 Cr
₹432 Cr
₹526 Cr
₹618 Cr
—

Revenue growth · reported quarter history

Accelya Solutions India Ltd · ACCELYA⚠ unverified

—
—
—
—
—
—
—
—
—
12%
10%
4.9%
0.0%
6.4%
4.6%
3.1%
7.1%
0.0%
-0.7%
-3.8%

Intellect Design Arena Ltd · INTELLECT

—
—
—
33%
17%
7.7%
21%
18%
17%
16%
-0.3%
-5.2%
-9.9%
-3.8%
18%
16%
36%
20%
17%
20%

Network People Services Technologies Ltd · NPST

—
—
—
-25%
50%
100%
200%
700%
367%
210%
110%
146%
139%
-32%
-41%
-42%
-30%
152%
138%
—

Newgen Software Technologies Ltd · NEWGEN

—
—
—
—
22%
26%
32%
34%
30%
27%
23%
25%
23%
18%
15%
1.9%
11%
5.0%
5.4%
11%

Nucleus Software Exports Ltd · NUCLEUS⚠ unverified

—
—
—
—
—
—
—
—
—
21%
1.9%
-5.8%
-1.5%
1.0%
9.1%
12%
5.9%
6.8%
-1.8%
-3.7%

Oracle Financial Services Software Ltd · OFSS

—
—
—
0.4%
7.4%
14%
15%
4.3%
4.9%
26%
12%
19%
16%
-6.0%
4.5%
6.4%
6.9%
15%
20%
69%

Ramco Systems Ltd · RAMCOSYS

—
—
—
-14%
-16%
1.2%
1.6%
16%
6.6%
0.6%
4.1%
-1.8%
12%
22%
18%
18%
23%
14%
19%
7.1%

Rategain Travel Technologies Ltd · RATEGAIN

—
—
—
59%
47%
39%
66%
80%
88%
83%
40%
22%
18%
11%
2.0%
5.0%
6.5%
94%
174%
—

Zaggle Prepaid Ocean Services Ltd · ZAGGLE

—
—
—
—
—
—
—
—
42%
35%
46%
114%
65%
69%
51%
32%
43%
56%
50%
—
07 · compare level, then change

Operating Economics & Margin Trend

Oracle Financial Services Software Ltd has the highest OPM among the 9 IT Product Companies companies compared here, at 60%. Accelya Solutions India Ltd is next at 36%. The same company also holds the highest Margin change, at +14 percentage points. 9 of 9 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: Oracle Financial Services Software Ltd leads both opm at 60% and margin change at +14 percentage points.

LeaderOracle Financial Services Software Ltd · 60%
Gap66.7% versus #2 · Accelya Solutions India Ltd
Persistence3/8 recent comparable periods
Coverage9/9 companies · 174 observations

Investor read: Oracle Financial Services Software Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current margin change signal.

Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth.
OPMhighest
1Oracle Financial Services Software Ltd OFSS60%
2Accelya Solutions India Ltd ACCELYA⚠ unverified36%
3Network People Services Technologies Ltd NPST21%
4Rategain Travel Technologies Ltd RATEGAIN21%
5Intellect Design Arena Ltd INTELLECT20%
Margin changefastest expanders
1Oracle Financial Services Software Ltd OFSS+14.0 pp
2Newgen Software Technologies Ltd NEWGEN+2.0 pp
3Intellect Design Arena Ltd INTELLECT0.0 pp
4Zaggle Prepaid Ocean Services Ltd ZAGGLE0.0 pp
5Rategain Travel Technologies Ltd RATEGAIN−2.0 pp
Operating margin · company comparison
9/9 level · 9/9 change
All-company data · latest reported quarter
CompanyOPMMargin changeReported
Oracle Financial Services Software Ltd OFSS60%+14.0 ppJun 2026
Accelya Solutions India Ltd ACCELYA⚠ unverified36%−3.0 ppJun 2026
Rategain Travel Technologies Ltd RATEGAIN21%−2.0 ppMar 2026
Network People Services Technologies Ltd NPST21%−12.0 ppMar 2026
Intellect Design Arena Ltd INTELLECT20%0.0 ppJun 2026
Newgen Software Technologies Ltd NEWGEN16%+2.0 ppJun 2026
Ramco Systems Ltd RAMCOSYS15%−3.3 ppJun 2026
Zaggle Prepaid Ocean Services Ltd ZAGGLE9.0%0.0 ppMar 2026
Nucleus Software Exports Ltd NUCLEUS⚠ unverified3.8%−12.2 ppJun 2026
Full 20-quarter history · every available company

OPM · reported quarter history

Accelya Solutions India Ltd · ACCELYA⚠ unverified

31%
35%
37%
41%
45%
36%
37%
40%
38%
36%
38%
37%
38%
36%
34%
39%
36%
34%
25%
36%

Intellect Design Arena Ltd · INTELLECT

26%
26%
24%
21%
15%
18%
22%
23%
19%
21%
22%
20%
15%
19%
28%
20%
20%
14%
22%
20%

Network People Services Technologies Ltd · NPST

18%
17%
18%
27%
22%
33%
31%
31%
32%
33%
34%
35%
35%
31%
33%
29%
29%
27%
21%
—

Newgen Software Technologies Ltd · NEWGEN

25%
29%
29%
10%
17%
23%
32%
13%
20%
24%
33%
15%
23%
28%
32%
14%
26%
27%
34%
16%

Nucleus Software Exports Ltd · NUCLEUS⚠ unverified

4.3%
4.6%
16%
11%
8.8%
28%
40%
30%
25%
23%
28%
15%
16%
16%
33%
16%
11%
15%
16%
3.8%

Oracle Financial Services Software Ltd · OFSS

49%
46%
43%
46%
41%
42%
44%
42%
39%
48%
45%
49%
45%
42%
45%
46%
42%
42%
51%
60%

Ramco Systems Ltd · RAMCOSYS

3.7%
-6.6%
-8.4%
-26%
-34%
-22%
-28%
-18%
-100%
-3.5%
1.6%
2.5%
12%
9.0%
27%
18%
22%
25%
24%
15%

Rategain Travel Technologies Ltd · RATEGAIN

4.7%
9.4%
14%
10.0%
14%
17%
18%
18%
20%
20%
21%
19%
22%
22%
23%
18%
18%
16%
21%
—

Zaggle Prepaid Ocean Services Ltd · ZAGGLE

—
—
—
12%
9.0%
5.0%
9.0%
7.0%
8.0%
10%
10%
9.0%
9.0%
9.0%
9.0%
9.0%
10%
10%
9.0%
—

Margin change · reported quarter history

Accelya Solutions India Ltd · ACCELYA⚠ unverified

+12.9 pp
+3.7 pp
+9.9 pp
+3.6 pp
+13.5 pp
+0.6 pp
−0.0 pp
−0.9 pp
−6.9 pp
0.0 pp
+1.0 pp
−3.0 pp
0.0 pp
0.0 pp
−4.0 pp
+2.0 pp
−2.0 pp
−2.0 pp
−9.0 pp
−3.0 pp

Intellect Design Arena Ltd · INTELLECT

+2.4 pp
+0.4 pp
−1.5 pp
−2.6 pp
−10.1 pp
−7.6 pp
−1.7 pp
+2.2 pp
+3.6 pp
+3.0 pp
0.0 pp
−3.0 pp
−4.0 pp
−2.0 pp
+6.0 pp
0.0 pp
+5.0 pp
−5.0 pp
−6.0 pp
0.0 pp

Network People Services Technologies Ltd · NPST

−7.8 pp
—
+1.6 pp
+15.7 pp
+4.7 pp
+16.3 pp
+12.5 pp
+4.5 pp
+9.7 pp
0.0 pp
+3.0 pp
+4.0 pp
+3.0 pp
−2.0 pp
−1.0 pp
−6.0 pp
−6.0 pp
−4.0 pp
−12.0 pp
—

Newgen Software Technologies Ltd · NEWGEN

−1.4 pp
−8.5 pp
−4.0 pp
−4.0 pp
−8.5 pp
−5.6 pp
+2.9 pp
+2.7 pp
+3.4 pp
+1.0 pp
+1.0 pp
+2.0 pp
+3.0 pp
+4.0 pp
−1.0 pp
−1.0 pp
+3.0 pp
−1.0 pp
+2.0 pp
+2.0 pp

Nucleus Software Exports Ltd · NUCLEUS⚠ unverified

−20.3 pp
−16.8 pp
−9.3 pp
+9.9 pp
+4.5 pp
+23.4 pp
+23.7 pp
+18.6 pp
+16.2 pp
−5.0 pp
−12.0 pp
−15.0 pp
−9.0 pp
−7.0 pp
+5.0 pp
+1.0 pp
−5.0 pp
−1.0 pp
−17.0 pp
−12.2 pp

Oracle Financial Services Software Ltd · OFSS

+0.9 pp
−3.2 pp
−5.5 pp
−6.3 pp
−8.0 pp
−4.2 pp
+0.8 pp
−4.2 pp
−2.2 pp
+6.0 pp
+1.0 pp
+7.0 pp
+6.0 pp
−6.0 pp
0.0 pp
−3.0 pp
−3.0 pp
0.0 pp
+6.0 pp
+14.0 pp

Ramco Systems Ltd · RAMCOSYS

−23.7 pp
−37.0 pp
−28.7 pp
−33.8 pp
−37.8 pp
−15.8 pp
−19.6 pp
+7.3 pp
−65.8 pp
+19.0 pp
+29.6 pp
+20.8 pp
+111.5 pp
+12.4 pp
+25.1 pp
+15.5 pp
+10.8 pp
+16.2 pp
−2.4 pp
−3.3 pp

Rategain Travel Technologies Ltd · RATEGAIN

—
+15.1 pp
+12.8 pp
+7.4 pp
+9.4 pp
+7.6 pp
+3.8 pp
+8.0 pp
+5.9 pp
+3.0 pp
+3.0 pp
+1.0 pp
+2.0 pp
+2.0 pp
+2.0 pp
−1.0 pp
−4.0 pp
−6.0 pp
−2.0 pp
—

Zaggle Prepaid Ocean Services Ltd · ZAGGLE

—
—
—
—
—
—
—
−5.2 pp
−1.0 pp
+5.0 pp
+1.0 pp
+2.0 pp
+1.0 pp
−1.0 pp
−1.0 pp
0.0 pp
+1.0 pp
+1.0 pp
0.0 pp
—
08 · compare level, then change

Profit Scale & Acceleration

Oracle Financial Services Software Ltd has the highest Net profit among the 9 IT Product Companies companies compared here, at ₹3,414 crore. Intellect Design Arena Ltd is next at ₹351 crore. Ramco Systems Ltd has the highest Profit growth at the 100% top of the scoring scale, so level and change sit with different companies.

What the numbers say: Oracle Financial Services Software Ltd leads with ₹3,414 crore of TTM profit, 872.6% above Intellect Design Arena Ltd. Ramco Systems Ltd shows ≥100% on the scoring scale growth from a ₹42 crore profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.

LeaderOracle Financial Services Software Ltd · ₹3,414 crore
Gap872.6% versus #2 · Intellect Design Arena Ltd
Persistence6/8 recent comparable periods
Coverage9/9 companies · 163 observations

Investor read: Oracle Financial Services Software Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.

Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank.
Net profitlargest
1Oracle Financial Services Software Ltd OFSS₹3.4K Cr
2Intellect Design Arena Ltd INTELLECT₹351 Cr
3Newgen Software Technologies Ltd NEWGEN₹314 Cr
4Rategain Travel Technologies Ltd RATEGAIN₹194 Cr
5Zaggle Prepaid Ocean Services Ltd ZAGGLE₹139 Cr
Profit growthfastest growers
1Ramco Systems Ltd RAMCOSYS100%
2Zaggle Prepaid Ocean Services Ltd ZAGGLE58%
3Oracle Financial Services Software Ltd OFSS42%
4Intellect Design Arena Ltd INTELLECT-0.6%
5Newgen Software Technologies Ltd NEWGEN-1.0%
Net profit · company comparison
9/9 level · 9/9 change
All-company data · latest reported quarter
CompanyNet profitProfit growthReported
Oracle Financial Services Software Ltd OFSS₹1.4K Cr121%Jun 2026
Intellect Design Arena Ltd INTELLECT₹102 Cr8.5%Jun 2026
Rategain Travel Technologies Ltd RATEGAIN₹70 Cr27%Mar 2026
Newgen Software Technologies Ltd NEWGEN₹63 Cr26%Jun 2026
Zaggle Prepaid Ocean Services Ltd ZAGGLE₹41 Cr32%Mar 2026
Accelya Solutions India Ltd ACCELYA⚠ unverified₹30 Cr-12%Jun 2026
Nucleus Software Exports Ltd NUCLEUS⚠ unverified₹24 Cr-31%Jun 2026
Network People Services Technologies Ltd NPST₹12 Cr140%Mar 2026
Ramco Systems Ltd RAMCOSYS₹1 Cr-48%Jun 2026
Full 20-quarter history · every available company

Net profit · reported quarter history

Accelya Solutions India Ltd · ACCELYA⚠ unverified

—
—
—
—
—
₹25 Cr
₹36 Cr
₹32 Cr
₹32 Cr
₹31 Cr
₹0 Cr
₹31 Cr
₹32 Cr
₹32 Cr
₹30 Cr
₹34 Cr
₹30 Cr
₹14 Cr
₹21 Cr
₹30 Cr

Intellect Design Arena Ltd · INTELLECT

₹79 Cr
₹101 Cr
₹95 Cr
₹69 Cr
₹46 Cr
₹63 Cr
₹91 Cr
₹94 Cr
₹71 Cr
₹85 Cr
₹73 Cr
₹75 Cr
₹52 Cr
₹71 Cr
₹136 Cr
₹94 Cr
₹102 Cr
₹27 Cr
₹120 Cr
₹102 Cr

Network People Services Technologies Ltd · NPST

₹0 Cr
₹0 Cr
₹1 Cr
₹0 Cr
₹1 Cr
₹2 Cr
₹4 Cr
₹5 Cr
₹5 Cr
₹7 Cr
₹10 Cr
₹16 Cr
₹18 Cr
₹5 Cr
₹5 Cr
₹7 Cr
₹10 Cr
₹12 Cr
₹12 Cr
—

Newgen Software Technologies Ltd · NEWGEN

₹37 Cr
₹48 Cr
₹57 Cr
₹19 Cr
₹30 Cr
₹47 Cr
₹80 Cr
₹30 Cr
₹48 Cr
₹68 Cr
₹105 Cr
₹48 Cr
₹70 Cr
₹89 Cr
₹108 Cr
₹50 Cr
₹82 Cr
₹63 Cr
₹106 Cr
₹63 Cr

Nucleus Software Exports Ltd · NUCLEUS⚠ unverified

—
—
—
—
—
₹38 Cr
₹68 Cr
₹54 Cr
₹45 Cr
₹41 Cr
₹52 Cr
₹30 Cr
₹33 Cr
₹35 Cr
₹65 Cr
₹35 Cr
₹26 Cr
₹21 Cr
₹35 Cr
₹24 Cr

Oracle Financial Services Software Ltd · OFSS

₹448 Cr
₹435 Cr
₹482 Cr
₹492 Cr
₹398 Cr
₹437 Cr
₹479 Cr
₹501 Cr
₹417 Cr
₹741 Cr
₹560 Cr
₹617 Cr
₹578 Cr
₹541 Cr
₹644 Cr
₹642 Cr
₹546 Cr
₹610 Cr
₹842 Cr
₹1.4K Cr

Ramco Systems Ltd · RAMCOSYS

₹-13 Cr
₹-25 Cr
₹-26 Cr
₹-51 Cr
₹-60 Cr
₹-50 Cr
₹-45 Cr
₹-47 Cr
₹-146 Cr
₹-26 Cr
₹-23 Cr
₹-20 Cr
₹-10 Cr
₹-10 Cr
₹5 Cr
₹1 Cr
₹13 Cr
₹3 Cr
₹25 Cr
₹1 Cr

Rategain Travel Technologies Ltd · RATEGAIN

₹-2 Cr
₹0 Cr
₹12 Cr
₹8 Cr
₹13 Cr
₹13 Cr
₹34 Cr
₹25 Cr
₹30 Cr
₹40 Cr
₹50 Cr
₹45 Cr
₹52 Cr
₹57 Cr
₹55 Cr
₹47 Cr
₹51 Cr
₹26 Cr
₹70 Cr
—

Zaggle Prepaid Ocean Services Ltd · ZAGGLE

—
—
—
—
₹8 Cr
₹1 Cr
₹8 Cr
₹2 Cr
₹8 Cr
₹15 Cr
₹19 Cr
₹17 Cr
₹20 Cr
₹20 Cr
₹31 Cr
₹26 Cr
₹35 Cr
₹37 Cr
₹41 Cr
—

Profit growth · reported quarter history

Accelya Solutions India Ltd · ACCELYA⚠ unverified

—
—
—
—
—
—
—
—
—
24%
-100%
-3.1%
0.0%
3.2%
—
9.7%
-6.3%
-56%
-30%
-12%

Intellect Design Arena Ltd · INTELLECT

—
—
—
-6.8%
-42%
-38%
-4.2%
36%
54%
35%
-20%
-20%
-27%
-16%
86%
25%
96%
-62%
-12%
8.5%

Network People Services Technologies Ltd · NPST

—
—
—
—
—
—
300%
—
400%
250%
150%
220%
260%
-29%
-50%
-56%
-44%
140%
140%
—

Newgen Software Technologies Ltd · NEWGEN

—
—
—
—
-19%
-2.1%
40%
58%
60%
45%
31%
60%
46%
31%
2.9%
4.2%
17%
-29%
-1.9%
26%

Nucleus Software Exports Ltd · NUCLEUS⚠ unverified

—
—
—
—
—
—
—
—
—
7.9%
-24%
-44%
-27%
-15%
25%
17%
-21%
-40%
-46%
-31%

Oracle Financial Services Software Ltd · OFSS

—
—
—
-6.1%
-11%
0.5%
-0.6%
1.8%
4.8%
70%
17%
23%
39%
-27%
15%
4.1%
-5.5%
13%
31%
121%

Ramco Systems Ltd · RAMCOSYS

—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
395%
-48%

Rategain Travel Technologies Ltd · RATEGAIN

—
—
—
—
—
—
183%
213%
131%
208%
47%
80%
73%
43%
10%
4.4%
-1.9%
-54%
27%
—

Zaggle Prepaid Ocean Services Ltd · ZAGGLE

—
—
—
—
—
—
—
—
0.0%
1,400%
138%
750%
150%
33%
63%
53%
75%
85%
32%
—
09 · compare level, then change

Return On Capital Employed

Accelya Solutions India Ltd has the highest ROCE among the 9 IT Product Companies companies compared here, at 49.4%. Oracle Financial Services Software Ltd is next at 45.3%. Zaggle Prepaid Ocean Services Ltd has the highest ROCE change at +38.3 percentage points, so level and change sit with different companies.

What the numbers say: Accelya Solutions India Ltd leads ROCE at 49.4%, 4.1 percentage points above Oracle Financial Services Software Ltd. Zaggle Prepaid Ocean Services Ltd has the strongest latest improvement at +38.3 percentage points. Read the leader beside the density of its reported history: a sparse high return is a candidate; a repeated high return is evidence of durability.

LeaderAccelya Solutions India Ltd · 49.4%
Gap9.1% versus #2 · Oracle Financial Services Software Ltd
Persistence2/8 recent comparable periods
Coverage9/9 companies · 138 observations

Investor read: Accelya Solutions India Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current roce change signal.

ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability.
ROCEhighest
1Accelya Solutions India Ltd ACCELYA⚠ unverified49%
2Oracle Financial Services Software Ltd OFSS45%
3Newgen Software Technologies Ltd NEWGEN25%
4Network People Services Technologies Ltd NPST20%
5Ramco Systems Ltd RAMCOSYS20%
ROCE changefastest improvers
1Zaggle Prepaid Ocean Services Ltd ZAGGLE+38.3 pp
2Oracle Financial Services Software Ltd OFSS+18.7 pp
3Ramco Systems Ltd RAMCOSYS+15.1 pp
4Intellect Design Arena Ltd INTELLECT−1.7 pp
5Rategain Travel Technologies Ltd RATEGAIN−2.7 pp
Return on capital · company comparison
9/9 level · 9/9 change
All-company data · latest reported quarter
CompanyROCEROCE changeReported
Oracle Financial Services Software Ltd OFSS59%+18.7 ppJun 2026
Zaggle Prepaid Ocean Services Ltd ZAGGLE46%+38.3 ppMar 2026
Accelya Solutions India Ltd ACCELYA⚠ unverified44%−12.3 ppJun 2026
Newgen Software Technologies Ltd NEWGEN23%−4.6 ppJun 2026
Ramco Systems Ltd RAMCOSYS13%+15.1 ppJun 2026
Nucleus Software Exports Ltd NUCLEUS⚠ unverified11%−6.5 ppJun 2026
Intellect Design Arena Ltd INTELLECT11%−1.7 ppJun 2026
Network People Services Technologies Ltd NPST9.3%−39.3 ppMar 2026
Rategain Travel Technologies Ltd RATEGAIN8.9%−2.7 ppMar 2026
Full 20-quarter history · every available company

ROCE · reported quarter history

Accelya Solutions India Ltd · ACCELYA⚠ unverified

—
28%
—
35%
—
50%
—
54%
61%
52%
49%
50%
47%
51%
56%
48%
53%
48%
44%
—

Intellect Design Arena Ltd · INTELLECT

21%
—
21%
—
19%
—
15%
—
16%
23%
16%
18%
12%
15%
13%
17%
14%
17%
11%
—

Network People Services Technologies Ltd · NPST

8.1%
—
7.7%
—
8.3%
—
28%
—
49%
83%
55%
110%
65%
96%
49%
57%
7.5%
18%
9.3%
—

Newgen Software Technologies Ltd · NEWGEN

25%
—
20%
—
18%
—
18%
—
20%
27%
20%
28%
22%
32%
21%
28%
21%
26%
20%
23%

Nucleus Software Exports Ltd · NUCLEUS⚠ unverified

7.6%
—
4.2%
—
7.0%
—
22%
—
32%
44%
25%
31%
20%
27%
18%
27%
17%
23%
11%
—

Oracle Financial Services Software Ltd · OFSS

36%
34%
31%
35%
32%
30%
29%
35%
33%
33%
31%
42%
40%
35%
34%
41%
38%
41%
40%
59%

Ramco Systems Ltd · RAMCOSYS

4.3%
—
-11%
—
-29%
—
-34%
—
-67%
-54%
-53%
-40%
-15%
-12%
-1.8%
1.4%
10%
9.4%
13%
—

Rategain Travel Technologies Ltd · RATEGAIN

—
—
0.7%
—
3.7%
—
6.5%
—
12%
20%
10%
19%
11%
22%
12%
17%
10%
14%
8.9%
—

Zaggle Prepaid Ocean Services Ltd · ZAGGLE

—
—
—
—
—
—
53%
34%
23%
10%
10%
25%
32%
19%
7.9%
15%
12%
18%
46%
—

ROCE change · reported quarter history

Accelya Solutions India Ltd · ACCELYA⚠ unverified

—
—
—
—
—
+21.7 pp
—
+19.1 pp
—
+2.5 pp
—
−3.8 pp
−14.4 pp
−1.5 pp
+7.5 pp
−2.4 pp
+6.7 pp
−3.4 pp
−12.3 pp
—

Intellect Design Arena Ltd · INTELLECT

—
—
—
—
−2.1 pp
—
−5.5 pp
—
−2.3 pp
—
+0.9 pp
—
−4.0 pp
−7.4 pp
−3.3 pp
−1.0 pp
+1.9 pp
+1.5 pp
−1.7 pp
—

Network People Services Technologies Ltd · NPST

—
—
—
—
+0.2 pp
—
+20.5 pp
—
+41.1 pp
—
+26.3 pp
—
+15.6 pp
+12.5 pp
−5.9 pp
−52.6 pp
−57.5 pp
−77.5 pp
−39.3 pp
—

Newgen Software Technologies Ltd · NEWGEN

—
—
—
—
−7.5 pp
—
−2.3 pp
—
+2.4 pp
—
+1.9 pp
—
+1.7 pp
+4.4 pp
+1.3 pp
−0.3 pp
−0.6 pp
−6.1 pp
−1.3 pp
−4.6 pp

Nucleus Software Exports Ltd · NUCLEUS⚠ unverified

—
—
—
—
−0.6 pp
—
+17.3 pp
—
+24.5 pp
—
+3.6 pp
—
−11.9 pp
−17.3 pp
−7.5 pp
−3.7 pp
−3.1 pp
−3.5 pp
−6.5 pp
—

Oracle Financial Services Software Ltd · OFSS

—
—
—
—
−4.4 pp
−3.8 pp
−1.9 pp
−0.1 pp
+0.6 pp
+2.6 pp
+2.1 pp
+6.8 pp
+7.0 pp
+2.4 pp
+2.2 pp
−1.1 pp
−2.0 pp
+5.9 pp
+6.6 pp
+18.7 pp

Ramco Systems Ltd · RAMCOSYS

—
—
—
—
−33.3 pp
—
−22.6 pp
—
−38.0 pp
—
−19.0 pp
—
+51.9 pp
+42.1 pp
+51.1 pp
+41.7 pp
+25.1 pp
+21.2 pp
+15.1 pp
—

Rategain Travel Technologies Ltd · RATEGAIN

—
—
—
—
—
—
+5.8 pp
—
+8.2 pp
—
+3.7 pp
—
−0.5 pp
+2.2 pp
+1.4 pp
−1.9 pp
−1.0 pp
−7.9 pp
−2.7 pp
—

Zaggle Prepaid Ocean Services Ltd · ZAGGLE

—
—
—
—
—
—
—
—
—
—
−42.2 pp
−8.9 pp
+9.4 pp
+8.4 pp
−2.4 pp
−10.7 pp
−20.6 pp
−0.9 pp
+38.3 pp
—
10 · compare level, then change

Valuation Against Growth & Quality

Newgen Software Technologies Ltd has the lowest PEG among the 9 IT Product Companies companies compared here, at 0.73×. Zaggle Prepaid Ocean Services Ltd is next at 0.96×. Nucleus Software Exports Ltd has the lowest P/E at 15.8×, so level and change sit with different companies. 6 of 9 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: Newgen Software Technologies Ltd has the lowest comparable PEG at 0.73×, 24% below Zaggle Prepaid Ocean Services Ltd. Only 6 of 9 companies have earnings and growth steady enough for the ratio to mean anything, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.

LeaderNewgen Software Technologies Ltd · 0.73×
Gap24% versus #2 · Zaggle Prepaid Ocean Services Ltd
Persistence0/8 recent comparable periods
Coverage6/9 companies · 49 observations

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/e signal.

PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is recomputed consistently as the trailing P/E divided by that growth rate — reported earnings, never an expected-earnings multiple. On Indian companies it is shown only where the two data feeds agreed. Where any of that fails the ratio is left out rather than printed: a P/E divided by a loss, or by growth measured off a tiny base, is a number that looks precise and means nothing.
PEGlowest PEG
1Newgen Software Technologies Ltd NEWGEN0.7
2Zaggle Prepaid Ocean Services Ltd ZAGGLE1.0
3Rategain Travel Technologies Ltd RATEGAIN1.0
4Intellect Design Arena Ltd INTELLECT1.8
5Oracle Financial Services Software Ltd OFSS3.4
P/Elowest P/E
1Nucleus Software Exports Ltd NUCLEUS⚠ unverified15.8
2Accelya Solutions India Ltd ACCELYA⚠ unverified16.4
3Zaggle Prepaid Ocean Services Ltd ZAGGLE19.9
4Newgen Software Technologies Ltd NEWGEN23.1
5Intellect Design Arena Ltd INTELLECT27.3
Valuation · company comparison
6/9 level · 9/9 change
All-company data · latest reported quarter
CompanyPEGP/EReported
Network People Services Technologies Ltd NPST7.364.5Mar 2026
Oracle Financial Services Software Ltd OFSS3.436.2Jun 2026
Intellect Design Arena Ltd INTELLECT1.828.7Jun 2026
Rategain Travel Technologies Ltd RATEGAIN1.027.9Mar 2026
Zaggle Prepaid Ocean Services Ltd ZAGGLE1.021.0Mar 2026
Newgen Software Technologies Ltd NEWGEN0.720.4Jun 2026
Ramco Systems Ltd RAMCOSYS—41.9Jun 2026
Nucleus Software Exports Ltd NUCLEUS⚠ unverified—15.0Jun 2026
Accelya Solutions India Ltd ACCELYA⚠ unverified—15.8Jun 2026
Full 20-quarter history · every available company

PEG · reported quarter history

Intellect Design Arena Ltd · INTELLECT

—
1.2
0.7
0.8
1.3
—
—
—
—
1.0
—
2.4
—
—
—
1.8
—
—
—
—

Network People Services Technologies Ltd · NPST

—
—
0.9
—
—
7.3
—
—
—
—
—
—
—
—
—
—
—
—
—
—

Newgen Software Technologies Ltd · NEWGEN

—
0.7
0.6
0.5
0.9
—
—
3.5
2.1
1.6
1.1
1.3
1.7
1.9
1.2
2.4
2.3
3.0
—
0.7

Oracle Financial Services Software Ltd · OFSS

1.5
1.1
0.9
2.0
—
—
—
—
—
—
2.0
1.7
1.5
1.2
4.2
4.8
—
2.3
4.0
3.4

Rategain Travel Technologies Ltd · RATEGAIN

—
—
—
—
—
—
—
—
—
—
1.8
—
—
1.4
2.4
0.7
1.5
3.3
1.0
—

Zaggle Prepaid Ocean Services Ltd · ZAGGLE

—
—
—
—
—
—
—
—
—
—
—
—
—
—
1.2
—
0.9
1.0
1.0
—

P/E · reported quarter history

Accelya Solutions India Ltd · ACCELYA⚠ unverified

47.0
29.2
23.7
19.1
22.1
22.9
17.6
17.8
20.6
18.1
20.5
22.2
23.7
19.2
16.1
16.8
16.8
15.4
14.5
15.8

Intellect Design Arena Ltd · INTELLECT

31.1
31.5
34.4
24.7
20.2
19.4
20.4
31.9
32.9
35.9
44.1
45.5
43.0
47.1
33.7
47.7
38.8
34.2
23.2
28.7

Network People Services Technologies Ltd · NPST

29.8
30.4
29.2
33.8
47.3
82.3
202.5
81.3
74.8
100.0
107.6
117.6
150.7
103.5
94.7
88.1
103.9
98.2
64.5
—

Newgen Software Technologies Ltd · NEWGEN

30.2
28.0
22.0
15.2
15.4
16.3
20.5
27.0
33.6
53.3
49.2
54.1
73.7
78.0
44.8
51.5
39.5
36.0
18.4
20.4

Nucleus Software Exports Ltd · NUCLEUS⚠ unverified

20.2
24.4
25.0
38.6
23.9
21.7
21.8
25.7
15.7
19.3
15.3
22.8
20.0
17.3
13.7
18.9
19.6
18.1
12.2
15.0

Oracle Financial Services Software Ltd · OFSS

22.4
18.3
16.5
14.2
13.9
14.4
15.6
18.5
19.6
19.9
35.5
38.6
42.3
43.9
29.7
32.8
30.8
28.5
24.7
36.2

Ramco Systems Ltd · RAMCOSYS

45.8
422.2
344.3
—
—
—
—
—
—
—
—
—
—
—
-36.0
-111.6
212.7
249.1
31.6
41.9

Rategain Travel Technologies Ltd · RATEGAIN

—
-440.4
425.9
141.3
177.3
96.4
80.3
66.1
75.7
77.3
61.7
58.5
50.8
45.5
25.7
25.6
36.4
36.4
27.9
—

Zaggle Prepaid Ocean Services Ltd · ZAGGLE

—
—
—
—
—
—
—
—
80.9
89.9
98.9
77.4
92.2
93.6
59.6
60.3
47.2
42.1
21.0
—
11 · before the conclusion, check the blind spots

What can make this comparison misleading?

This IT Product Companies comparison names 5 specific ways its own evidence can mislead, all listed below. All 9 companies here report on comparable dates, so no rank carries a stale marker. 2 draw at least one figure from a second feed with too little overlap to cross-check. A high growth rate can still be a low-base artefact.

Keep these limits visible

  • A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason.
  • A high ROCE can be temporary or flattered by a small capital base. Read it beside margin, cash conversion and reinvestment.
  • The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed.
  • An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
  • 2 companies draw at least one figure from a second data feed with too little overlapping history to cross-check against the primary source; they are marked unverified wherever those figures appear.
12 · evidence and freshness

How was this comparison built?

This comparison is built from the reported filings of 9 IT Product Companies companies, normalized to a common ₹ scale and a shared quarter axis of up to 20 quarters each. Fundamentals run through Jun 2026 and market data through 2026-07-31. 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 2026-07-31 · weekly price and relative-strength history
Derived metricsGrowth, changes and PEG are calculated only when their inputs are comparable.
Score confidenceMissing and stale evidence reduces confidence and pulls the 0–100 research-priority score toward neutral.
Source standing7 cross-checked · 2 unverified · 0 withheld, of 9 graded companies.
How a second data feed is admitted, and what happens when it disagrees

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.

13 · questions investors ask, short speakable answers

IT Product Companies company comparison FAQs

These 24 answers restate the IT Product Companies comparison above in question form. Every one is computed from the same 9 companies and the same reported filings as the rankings and charts, current through Jun 2026. Price and relative-strength answers run through 2026-07-31. Nothing here is estimated, and none of it is a recommendation.

Is the IT Product Companies sector outperforming NIFTY 500?

IT Product Companies has underperformed NIFTY 500 by 1.4% over 52 weeks and 11.3% over 13 weeks. 3 of 9 covered companies beat NIFTY on Mansfield relative strength, while 5 of 9 beat the sector itself.

Which IT Product Companies company is largest by revenue?

Oracle Financial Services Software Ltd leads with revenue of ₹8,945 crore, based on 9 of 9 comparable companies through Jun 2026.

Which IT Product Companies company is growing fastest?

Rategain Travel Technologies Ltd has the fastest current revenue growth at 69.4%, across 9 of 9 comparable companies.

Which IT Product Companies company has the strongest 4-Factor Sector Score?

Oracle Financial Services Software Ltd ranks first at 67.9/100 with 100% evidence confidence. The score prioritizes research; it is not a buy recommendation.

Which IT Product Companies company has the lowest comparable PEG?

Newgen Software Technologies Ltd has the lowest comparable PEG at 0.73, among 6 of 9 companies whose earnings and growth are steady enough for the ratio to mean anything.

How much history does this IT Product Companies comparison include?

The page compares up to 20 reported quarters per company for fundamentals, returns 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.

What is the Nifty IT Product Companies index?

The Nifty IT Product Companies index tracks India's listed IT Product Companies companies as a single basket. This page follows the same 9 companies and equal-weights them, so every company's weekly return counts once whatever it is worth, and the reading belongs to the IT Product Companies sector rather than to its largest constituent. Figures are as of Jun 2026.

Which are the best IT Product Companies stocks in India?

Ranked by this page's four-factor score, Oracle Financial Services Software Ltd places first among 9 listed IT Product Companies companies, followed by Rategain Travel Technologies Ltd. That is a ranking of published data — earnings, quality, valuation and market behaviour as of Jun 2026 — and not a recommendation; Sector Alpha is not registered with SEBI as an investment adviser.

How many IT Product Companies stocks are listed in India?

This comparison covers 9 listed IT Product Companies companies in India, each above the size floor the site applies, with 20 quarters of reported figures per company where the filings exist. The full ranked list is on this page, as of Jun 2026.

Which IT Product Companies company is the biggest?

Oracle Financial Services Software Ltd is the largest, with trailing-twelve-month revenue of ₹8,945 crore, ahead of Intellect Design Arena Ltd at ₹3,181 crore. That covers 9 of 9 companies with comparable reporting through Jun 2026.

Which IT Product Companies company has the best profit margins?

Oracle Financial Services Software Ltd has the highest operating margin at 60%, from 9 of 9 comparable companies. Oracle Financial Services Software Ltd shows the biggest recent improvement, at +14 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.

Which IT Product Companies company makes the most profit?

Oracle Financial Services Software Ltd earns the most, at ₹3,414 crore of trailing-twelve-month net profit, from 9 of 9 comparable companies. Ramco Systems Ltd has the fastest profit growth at 100%, though growth off a small or recovering profit base overstates how much has actually changed.

Which IT Product Companies company earns the highest return on capital?

Accelya Solutions India Ltd leads on return on capital employed at 49.4%, across 9 of 9 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year.

Which IT Product Companies stock is the cheapest?

On PEG — where a LOWER number is cheaper — Newgen Software Technologies Ltd screens cheapest at 0.73×. Only 6 of 9 companies have earnings and growth steady enough for the ratio to mean anything, 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.

Is the IT Product Companies sector beating the market?

IT Product Companies has underperformed NIFTY 500 by 1.4% over the last 52 weeks and 11.3% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 3 of 9 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it.

Which IT Product Companies stock has the strongest price momentum?

Rategain Travel Technologies Ltd has the strongest relative strength against NIFTY 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all.

Which IT Product Companies company scores highest for research priority?

Oracle Financial Services Software Ltd scores 67.9 out of 100 with 100% evidence confidence, from 31.2 points on growth and earnings, 21.7 on capital efficiency, 2.1 on valuation and 12.9 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research.

How many IT Product Companies companies does this comparison cover, and over what period?

It compares 9 listed companies over up to 20 reported quarters of fundamentals, ending Jun 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data.

What is the total market cap of the IT Product Companies sector?

The 9 IT Product Companies companies on this page carry ₹1,37,928 crore of combined market value. Oracle Financial Services Software Ltd is the largest at ₹97,403 crore, about 71% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-08-05.

What is the IT Product Companies sector's P/E ratio?

The median price-to-earnings ratio across the 9 IT Product Companies companies on this page is 27.3×, measured on the 9 that report a comparable figure. A sector-level history for this multiple is not held here, so this is a cross-section of today, not a comparison with the sector’s own past. Figures are as of 2026-08-05.

How is the IT Product Companies sector performing?

3 of the 9 covered IT Product Companies companies are beating NIFTY 500 on Mansfield relative strength. The sector itself is 1.4% behind NIFTY 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-08-05.

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.

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