Software Product Stocks and Companies in India

The largest Software Product stocks in India by market value are Oracle Financial Services Software (₹89,010 crore), Rategain Travel Technologies (₹8,611 crore) and Intellect Design Arena (₹7,237 crore), at prices of 6 Nov 2026.

• Oracle Financial Services Software: ₹10,215 | market value ₹89,010 crore | P/E 24.9
• Rategain Travel Technologies: ₹726.35 | market value ₹8,611 crore | P/E 32.9
• Intellect Design Arena: ₹514.95 | market value ₹7,237 crore | P/E 19.5
• Newgen Software Technologies: ₹440.70 | market value ₹6,280 crore | P/E 18.0
• Network People Services Technologies: ₹1,776.20 | market value ₹3,704 crore | P/E 83.0
• Zaggle Prepaid Ocean Services: ₹165.24 | market value ₹2,222 crore | P/E 17.2
• Ramco Systems: ₹525.95 | market value ₹1,980 crore | P/E 39.1
• Nucleus Software Exports: ₹628.65 | market value ₹1,655 crore | P/E 15.1
• Accelya Solutions India: ₹946.70 | market value ₹1,413 crore | P/E 14.1

Share price | market value | P/E, biggest first. Prices, market values and ratios at the official close of 6 Nov 2026; the score list below uses the weekly figures.

Ranked by the 4-Factor Sector Score (growth & earnings 35, capital efficiency 25, valuation 20, relative strength 20). Prices as of 30 Oct 2026.

All 9 listed Indian IT Product Companies companies are named here, largest first. This is the set of companies people mean when they search for a Nifty IT Product Companies index; NSE publishes its own indices only for the largest sectors, so this equal-weighted set stands in for one. One large company cannot set the reading.

1. Oracle Financial Services Software Ltd₹87,100 cr
2. Rategain Travel Technologies Ltd₹9,470 cr
3. Intellect Design Arena Ltd₹7,090 cr
4. Newgen Software Technologies Ltd₹6,310 cr
5. Network People Services Technologies Ltd₹3,660 cr
6. Zaggle Prepaid Ocean Services Ltd₹2,070 cr
7. Ramco Systems Ltd₹1,910 cr
8. Nucleus Software Exports Ltd₹1,720 cr
9. Accelya Solutions India Ltd₹1,390 cr

9 Software Product companies in the IT Product Companies industry group have a page on Sector Alpha, by market value as of 30 October 2026, and all 9 are listed below, largest first. The largest is Oracle Financial Services Software (₹87,093 crore) and the smallest with a market value is Accelya Solutions India.

Download all 9 Software Product companies (CSV)

The line below covers up to 5.2 years and opens on the 5Y view; the buttons cut it shorter. Over the last two years (104 weeks) this sector is 23% behind NIFTY 500. Earnings across its companies fell 1% on average over the last four reported quarters.

Price down, no fundamental support. 1 of 9 companies pass the momentum test (5+ points ahead of the Nifty 500 over 3 months, within 20% of the 52-week high). 1 is 20% or more behind over a year while earnings grew 20% or more.

Not ahead of NIFTY 500 on the three-month view this week; 3 of the 9 companies in the industry index above their 200-day average (1 fewer than four weeks earlier); 1 of those 9 pass the momentum test (no change from four weeks earlier); earnings rising at 5 of the 9 that report earnings.

Behind NIFTY 500 by −9.7% over a year, with participation off the floor of its own 26-week range. Earnings mixed, 5 of 9 members have higher trailing twelve-month earnings than a year ago.

Both lines start at 200 in the same week, so the gap between them tells the 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 set to 100 at the start and the sector taking the middle value, so a price line pulling away from flat bars means the market is paying more for the same earnings. A bar turns grey when that figure is lower than the quarter before. The rules are fixed and the same 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 or tap any point to read both values and the gap.

IT Product Companies has done worse than the NIFTY 500 by 18.5% over the last 52 weeks. Over 13 weeks the gap is a shortfall of 7.2%. Network People Services Technologies Ltd is the strongest against the sector itself at +22.8%. Readings are as of 30 October 2026.

Relative-strength score for the industry: 18.7 as of 30 October 2026 (narrowing, rising).

IT Product Companies has done worse than the NIFTY 500 by 18.5% over 52 weeks and by 7.2% over 13 weeks. 1 of 9 companies we track is beating the NIFTY on relative strength (how a share price has done against the index over recent months), and 3 of the 6 with a long enough price history are ahead of the industry itself.

A score that ranks each company against the others in its industry. The four parts shown always add up to the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or old evidence affects only its own part, never as a hidden adjustment.

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 scores well on valuation against its peers or its own history, but its earnings have not yet improved enough to back that up.

Rategain Travel Technologies Ltd has the strongest one-year price move in IT Product Companies at +25.2%. Network People Services Technologies Ltd leads on relative strength against the NIFTY, at +16.4%. 3 of 9 companies we track are ahead of the index on that measure. Every line covers 313 weekly closes through 30 October 2026.

Price and relative strength

Price · same starting point: 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.

RS vs NIFTY 500: How far ahead of or behind NIFTY 500 each company has been running, measured against its own recent average of that comparison, so the flat line at zero IS NIFTY 500: above it the company is beating the market, below it the market is beating the company. It opens on one year.

RS vs sector: The same measure taken against IT Product Companies itself instead of the whole market, so the flat line at zero is the sector: above it the company is beating its own peers, which is the sharper test of the two. It opens on one year.

Biggest one-year moves

Strongest against NIFTY 500

Strongest against the sector itself

This curve is one company wearing a sector's clothes, and the newest quarter makes that truer than ever. Nine listed members, but Oracle Financial Services is ₹102,096 crore of a ₹142,700 crore bucket, 72% of it, and it is 76.4% of the five-year price move with a concentration index of 0.595. In the week of 17 August 2026, 44.4% of 9 IT Product Companies companies were beating the Nifty 500, against 16.7% on 6 April 2026.

From our industry review of 22 August 2026. A newer review (10 October 2026) did not cover IT Product Companies, so this is the latest we have.

2 of 10 IT Product Companies companies held a results call for July to September 2026. Intellect Design Arena guided: Quarterly revenue to cross ₹900 crore within next two quarters.

From the results calls for July to September 2026.

Big funds, foreign and Indian, cut their stake by 1.9 points over the last two quarters. Founders and promoters raised theirs by 0.3 points.

• Spending on new plants and equipment was ₹3,002 crore in the last 12 months, 13% less than a year before.
• Projects still being built grew 7% in a year.

Big funds = foreign and Indian institutions, change in their share of ownership across 9 IT Product Companies companies, in percentage points.

Ownership and spending as of 10 October 2026.

This is the written read behind the IT Product Companies figures above: what is actually happening in the industry, in words, with the evidence each claim rests on. It is dated 22 Aug 2026. It also states what would change this read.

How old this read is: This read comes from our fortnightly sector read dated 22 Aug 2026, 77 days old. The numbers above it are newer than the words here.

What would change this read

If the September-2026 quarter shows the SMALL members carrying profit alongside the giant, Nucleus's operating margin recovering off 3.8% toward its usual mid-teens, Newgen's promised implementation catch-up landing, and Zaggle's costs tapering so profit grows with sales rather than against them —…

Sources: our fortnightly IT Product Companies read, 22 Aug 2026.

Oracle Financial Services Software Ltd has the highest Revenue among the 9 IT Product Companies companies compared here, at ₹9,063 crore. Intellect Design Arena Ltd is next at ₹3,270 crore. Rategain Travel Technologies 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: Oracle Financial Services Software Ltd is the largest at ₹9,063 crore, 177.2% ahead of Intellect Design Arena Ltd. Rategain Travel Technologies Ltd's growth is capped at 100% on the scoring scale; the full change over the last 12 months is 114.3% from a ₹2,336 crore base, with 20 reported quarters out of the last 20. Fast growth from a smaller base is not yet the same as proven size.

What this means: Oracle Financial Services Software Ltd is the size to compare against; Rategain Travel Technologies Ltd is the one growing fastest. The faster grower has to keep that growth and turn it into margin and returns before it counts as more than a fast start.

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.

Revenue · company comparison

Revenue · largest

Revenue growth · fastest growers

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.

Revenue shows both size and speed. A large company can absorb shocks and pay for wide distribution; faster growth can mean market-share gains, new capacity or stronger demand. The best sign is usually growth that lasts without hurting margins and returns.

Oracle Financial Services Software Ltd has the highest OPM among the 9 IT Product Companies companies compared here, at 49%. Accelya Solutions India Ltd is next at 34%. The same company also has the highest Margin change, at +7 percentage points. 9 of 9 companies report a comparable reading, the latest through Sep 2026.

What the numbers say: Oracle Financial Services Software Ltd leads both opm at 49% and margin change at +7 percentage points.

What this means: Oracle Financial Services Software Ltd sets the level to compare against; the company improving fastest needs another report to confirm the change.

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.

Operating margin · company comparison

OPM · highest

Margin change · fastest expanders

All-company data · latest reported quarter

Oracle Financial Services Software Ltd has the highest Net profit among the 9 IT Product Companies companies compared here, at ₹3,570 crore. Intellect Design Arena Ltd is next at ₹353 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 earns the most, ₹3,570 crore of profit over the last 12 months, 10.1× the profit of Intellect Design Arena Ltd. Ramco Systems Ltd shows at least 100% on the scoring scale (239.8% in full) growth from a profit base of ₹29 crore. A fast rate from a small base matters less than a large profit that keeps coming.

What this means: Oracle Financial Services Software Ltd sets the level to compare against; the company improving fastest needs another report to confirm the change.

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 profit · company comparison

Net profit · largest

Profit growth · fastest growers

All-company data · latest reported quarter

Accelya Solutions India Ltd has the highest ROCE among the 9 IT Product Companies companies compared here, at 49%. Oracle Financial Services Software Ltd is next at 45.3%. Oracle Financial Services Software Ltd has the highest ROCE change at +20 percentage points, so level and change sit with different companies.

What the numbers say: Accelya Solutions India Ltd leads ROCE at 49%, 3.7 percentage points above Oracle Financial Services Software Ltd. A high return reported once may be one good year; a high return reported year after year shows a lasting business.

What this means: Accelya Solutions India Ltd sets the level to compare against; the company improving fastest needs another report to confirm the change.

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.

Return on capital · company comparison

ROCE · highest

ROCE change · fastest improvers

All-company data · latest reported quarter

Zaggle Prepaid Ocean Services Ltd has the lowest PEG among the 9 IT Product Companies companies compared here, at 0.39×. Oracle Financial Services Software Ltd is next at 0.66×. Accelya Solutions India Ltd has the lowest P/E at 13.8×, so level and change sit with different companies. 8 of 9 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: Zaggle Prepaid Ocean Services Ltd has the lowest comparable PEG at 0.39×, 40.9% below Oracle Financial Services Software Ltd. That would need today's multiple, the company's own history and steady growth to agree.

What this means: A low valuation is a reason to look closer at the business, not a conclusion on its own.

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 worked out the same way every time, as the P/E on the last 12 months of reported earnings divided by that growth rate, never on expected earnings. 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.

Valuation · company comparison

PEG · lowest PEG

P/E · lowest P/E

All-company data · latest reported quarter

IT Product Companies companies show up on 7 of our India lists. The most are on the it stocks list (9 companies).

This IT Product Companies comparison names 4 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. A high growth rate can still come from a very small starting figure.

Keep these limits visible

• A high growth rate can come from a very small starting figure. The page keeps level and change separate for that reason.
• A high ROCE can be temporary, or look high because the capital base is small. It is best read beside margin, cash flow and how much is spent back on the business.
• The 4-Factor Sector Score ranks published data only. Management quality, upcoming events and risks are not part of it.
• An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.

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 Sep 2026 and market data through 30 October 2026.

Every company's second-feed figures reconcile against the primary source on overlapping reported periods, so nothing here is unverified or withheld.

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 Sep 2026. Price and relative-strength answers run through 30 October 2026. Nothing here is estimated, and none of it is a recommendation.