ASM Technologies Ltd · 526433
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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.
The 64 IT - Software companies listed in India are Tata Consultancy Services Ltd (₹8.0 L Cr, the largest), Infosys Ltd, HCL Technologies Ltd and 61 more. 20 of 58 covered companies beat NIFTY 500 on relative strength. Readings are as of 17 Sep 2026.
Top 10 IT - Software Stocks in India (Sep 2026) — ranked by 4-Factor score
- 1Coforge Ltd₹81.8K Cr76.3/100Favorable setup · strongest on PEG and ROCE improvement
- 2Silver Touch Technologies Ltd₹1.9K Cr70.0/100Favorable setup · strongest on ROCE and ROCE improvement
- 3Sahana Systems Ltd₹959 Cr68.7/100Favorable setup · strongest on ROCE and profit growth
- 4ASM Technologies Ltd₹10.1K Cr68.2/100Favorable setup · strongest on ROCE improvement and profit growth
- 5NINtec Systems Ltd₹1.3K Cr65.0/100Favorable setup · strongest on ROCE and relative strength versus sector
- 6String Metaverse Ltd₹992 Cr63.4/100Mixed-positive evidence · strongest on ROCE and ROCE improvement
- 7Cigniti Technologies Ltd₹3.5K Cr63.3/100Mixed-positive evidence · strongest on ROCE and ROCE improvement
- 8Tech Mahindra Ltd₹1.5 L Cr63.2/100Mixed-positive evidence · strongest on relative strength versus sector and PEG
- 9TAC Infosec Ltd₹982 Cr63.0/100Mixed-positive evidence · strongest on ROCE and ROCE improvement
- 10Sasken Technologies Ltd₹2.7K Cr61.6/100Mixed-positive evidence · strongest on PEG and ROCE improvement
Ranked by the 4-Factor Sector Score (growth & earnings 35, capital efficiency 25, valuation 20, relative strength 20). Prices as of 11 Sep 2026. Not investment advice.
01 · the index people search for
Nifty IT - Software Index — Constituents & Performance
The largest 15 of 64 listed Indian IT - Software companies are named here; all 64 are ranked in the scorecard — the constituent set people search for as the Nifty IT - Software index. Every figure is equal-weighted across those companies and carries its own as-of date. One large constituent cannot set the reading.
- Tata Consultancy Services Ltd₹8.0 L Cr
- Infosys Ltd₹4.2 L Cr
- HCL Technologies Ltd₹3.3 L Cr
- Wipro Ltd₹1.7 L Cr
- Tech Mahindra Ltd₹1.5 L Cr
- LTM Ltd₹1.3 L Cr
- Coforge Ltd₹81.8K Cr
- Mphasis Ltd₹43.8K Cr
- Hexaware Technologies Ltd₹30.4K Cr
- IDream Film Infrastructure Company Ltd₹14.2K Cr
- ASM Technologies Ltd₹10.1K Cr
- Zensar Technologies Ltd₹9.7K Cr
- Birlasoft Ltd₹7.9K Cr
- Sonata Software Ltd₹7.5K Cr
- Tanla Platforms Ltd₹6.7K Cr
The remaining 49 IT - Software companies are named and ranked in the scorecard.
02 · the sector itself · before any single company
How has IT - Software 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 16% ahead of NIFTY 500. Earnings across its companies grew 9% on average over the last four reported quarters. It has been ahead of NIFTY 500 on a rolling three-month view for 21 weeks running.
LEADER · ahead 21w✓Price and the fundamentals both up24 of the 59 companies with a long enough price record ahead of NIFTY 500 by 5% or more over three months3 are 20% or more behind over a year while earnings grew 20% or more
RS ↑21w · 22/59 >200d (−8) · 24/59 lead (−6) · EPS 42/54↑
IT - Software, equal-weighted, based at 200
NIFTY 500, same base, same start
trailing 12-month earnings per share rising
falling
IT - Software, equal-weighted, based at 200
NIFTY 500, same base, same start
trailing 12-month earnings per share rising
falling
IT - Software, 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 59 of its 64 companies — the 5 with too short a price record are ranked in the scorecard but cannot sit in this line. 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 - Software outperforming NIFTY 500?
IT - Software has underperformed NIFTY 500 by 3.1% over the last 52 weeks. Over 13 weeks the gap is a lead of 12.4%. 20 of 58 covered companies currently beat NIFTY on Mansfield relative strength, so leadership inside the sector is selective. BLS E-Services Ltd is the strongest against the sector itself at +41.8%. Readings are as of 2026-08-22.
+12.4%Sector vs NIFTY 500 · 13 weeks
-3.1%Sector vs NIFTY 500 · 52 weeks
20/58Stocks leading NIFTY 500
15/52Stocks leading sector
Sector metric: 49.1 as of 2026-08-22 · NARROWING · rising.
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 - Software has underperformed NIFTY 500 by 3.1% over 52 weeks and 12.4% over 13 weeks. 20 of 58 covered companies beat NIFTY on Mansfield relative strength, while 15 of 52 beat the sector itself. Tata Consultancy Services Ltd leads with revenue of ₹2,75,859 crore, based on 58 of 64 comparable companies through Jun 2026.
Companies
64
complete canonical membership
Combined market value
₹22.9 L Cr
Tata Consultancy Services Ltd
Revenue growing
54/56
positive TTM year-on-year growth
Beating NIFTY 500
20/58
positive Mansfield relative strength
Comparing 5 of 64
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%
Coforge Ltd has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 100% 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.
Kody Technolab 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.
| Company | Score | Price stage | Growth & earnings/35 | Capital efficiency/25 | Valuation/20 | Relative strength/20 |
|---|---|---|---|---|---|---|
| 1Coforge LtdCOFORGE | 76.3/100Favorable setup100% evidence | LEADER | 30.0/35 Revenue 35.7% · PAT 66.5% · OPM change 3 pp 100% evidence | 15.6/25 ROCE 23.5% · OPM 19% 100% evidence | 12.3/20 P/E 42.7× · PEG 0.57 100% evidence | 18.4/20 RS sector 13.3% · RS bench 20.1% · 1Y 11.3%12 of 12 weeks ahead 100% evidence |
| Exact sum: 30 + 15.6 + 12.3 + 18.4 = 76.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 2Silver Touch Technologies LtdSILVERTUC | 70.0/100Favorable setup93% evidence | FADING | 30.2/35 Revenue 21.1% · PAT 86.4% · OPM change 8 pp 100% evidence | 17.4/25 ROCE 29.8% · OPM 22% 100% evidence | 10.3/20 P/E 46.4× · PEG 1.11 65% evidence | 12.1/20 RS sector 6.1% · RS bench 14.1% · 1Y 120.3%9 of 12 weeks ahead 100% evidence |
| Exact sum: 30.2 + 17.4 + 10.3 + 12.1 = 70 · Decision use: Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence. | ||||||
| 3Sahana Systems LtdSAHANA | 68.7/100Favorable setup70% evidence | TURNING | 21.5/35 Revenue 100% · PAT 100% · OPM change -3 pp 48% evidence | 19.9/25 ROCE 39.8% · OPM 29% 95% evidence | 13.4/20 P/E 14.1× · PEG — 50% evidence | 13.9/20 RS sector -5.2% · RS bench 15.9% · 1Y -24.3%3 of 12 weeks ahead 100% evidence |
| Exact sum: 21.5 + 19.9 + 13.4 + 13.9 = 68.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 4ASM Technologies Ltd526433 | 68.2/100Favorable setup69% evidence | BREAKING OUT | 27.9/35 Revenue 67.8% · PAT 89.5% · OPM change 2 pp 95% evidence | 16.1/25 ROCE 27% · OPM 23% 76% evidence | 8.6/20 P/E 138× · PEG — 15% evidence | 15.6/20 RS sector 5.7% · RS bench 97.1% · 1Y 94%10 of 10 weeks ahead 70% evidence |
| Exact sum: 27.9 + 16.1 + 8.6 + 15.6 = 68.2 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 5NINtec Systems LtdNINSYS | 65.0/100Favorable setup80% evidence | FADING | 20.0/35 Revenue 21.6% · PAT 18.8% · OPM change 4.2 pp 95% evidence | 21.9/25 ROCE 54% · OPM 25.9% 95% evidence | 9.3/20 P/E 39.3× · PEG — 15% evidence | 13.8/20 RS sector 29.6% · RS bench 37.6% · 1Y 57.1%9 of 12 weeks ahead 100% evidence |
| Exact sum: 20 + 21.9 + 9.3 + 13.8 = 65 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 6String Metaverse Ltd534535 | 63.4/100Mixed-positive evidence82% evidence | BASING | 27.2/35 Revenue 100% · PAT 100% · OPM change 0 pp 95% evidence | 15.7/25 ROCE 41.6% · OPM 11% 76% evidence | 14.8/20 P/E 8.2× · PEG — 50% evidence | 5.7/20 RS sector -48% · RS bench -35.6% · 1Y -70.4%1 of 12 weeks ahead 100% evidence |
| Exact sum: 27.2 + 15.7 + 14.8 + 5.7 = 63.4 · Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -48% and the one-year return is -70.4%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth. | ||||||
| 7Cigniti Technologies LtdCIGNITITEC | 63.3/100Mixed-positive evidence73% evidence | 23.4/35 Revenue 14% · PAT 96.1% · OPM change 2 pp 56% evidence | 16.2/25 ROCE 34.1% · OPM 18% 75% evidence | 16.2/20 P/E 11.4× · PEG 0.61 100% evidence | 7.5/20 RS sector -10.2% · RS bench -15% · 1Y -19.7%0 of 12 weeks ahead to 2026-05-17 70% evidence | |
| Exact sum: 23.4 + 16.2 + 16.2 + 7.5 = 63.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 8Tech Mahindra LtdTECHM | 63.2/100Mixed-positive evidence94% evidence | BREAKING OUT | 21.1/35 Revenue 10.9% · PAT 14.3% · OPM change 3 pp 100% evidence | 16.3/25 ROCE 23.1% · OPM 17% 100% evidence | 10.6/20 P/E 28.4× · PEG 0.76 100% evidence | 15.2/20 RS sector 14.8% · RS bench 4% · 1Y 4.3%8 of 11 weeks ahead 70% evidence |
| Exact sum: 21.1 + 16.3 + 10.6 + 15.2 = 63.2 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 9TAC Infosec LtdTAC | 63.0/100Mixed-positive evidence66% evidence | TURNING | 25.6/35 Revenue 76.4% · PAT 59.4% · OPM change 1.6 pp 71% evidence | 20.9/25 ROCE 38.1% · OPM 48.2% 95% evidence | 9.5/20 P/E 35.7× · PEG — 15% evidence | 7.0/20 RS sector -13.2% · RS bench -15.4% · 1Y -14.4%4 of 10 weeks ahead 70% evidence |
| Exact sum: 25.6 + 20.9 + 9.5 + 7 = 63 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 10Sasken Technologies LtdSASKEN | 61.6/100Mixed-positive evidence100% evidence | FADING | 30.7/35 Revenue 67.8% · PAT 67.4% · OPM change 4 pp 100% evidence | 8.1/25 ROCE 9.9% · OPM 9% 100% evidence | 10.4/20 P/E 36.7× · PEG 0.68 100% evidence | 12.4/20 RS sector 9.5% · RS bench 16.6% · 1Y 25%8 of 12 weeks ahead 100% evidence |
| Exact sum: 30.7 + 8.1 + 10.4 + 12.4 = 61.6 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 11Softtech Engineers LtdSOFTTECH | 60.8/100Mixed-positive evidence80% evidence | TURNING | 25.2/35 Revenue 35.8% · PAT 100% · OPM change -0.1 pp 95% evidence | 12.1/25 ROCE 6.2% · OPM 27.2% 95% evidence | 8.7/20 P/E 124× · PEG — 15% evidence | 14.8/20 RS sector 19.9% · RS bench 27.6% · 1Y 13.7%6 of 12 weeks ahead 100% evidence |
| Exact sum: 25.2 + 12.1 + 8.7 + 14.8 = 60.8 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 12Datamatics Global Services LtdDATAMATICS | 60.7/100Mixed-positive evidence94% evidence | ASLEEP | 21.0/35 Revenue 13.1% · PAT 1.9% · OPM change 4 pp 100% evidence | 15.9/25 ROCE 20.4% · OPM 20% 100% evidence | 10.6/20 P/E 17.7× · PEG 0.69 100% evidence | 13.2/20 RS sector 9.6% · RS bench -3.3% · 1Y -21.3%5 of 10 weeks ahead 70% evidence |
| Exact sum: 21 + 15.9 + 10.6 + 13.2 = 60.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 13IZMO LtdIZMO | 60.6/100Mixed-positive evidence81% evidence | FADING | 24.1/35 Revenue 24.7% · PAT 10.2% · OPM change 8 pp 95% evidence | 14.2/25 ROCE 12.6% · OPM 25% 95% evidence | 6.6/20 P/E 25.3× · PEG — 50% evidence | 15.7/20 RS sector 29% · RS bench 7.6% · 1Y 20.9%8 of 10 weeks ahead 70% evidence |
| Exact sum: 24.1 + 14.2 + 6.6 + 15.7 = 60.6 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 14Danlaw Technologies India Ltd532329 | 59.9/100Mixed-positive evidence67% evidence | TURNING | 21.8/35 Revenue 24.1% · PAT 34.5% · OPM change 0.8 pp 95% evidence | 15.5/25 ROCE 27.6% · OPM 13.4% 76% evidence | 10.2/20 P/E 32× · PEG — 50% evidence | 12.4/20 RS sector — · RS bench 93% · 1Y —4 of 4 weeks ahead 25% evidence |
| Exact sum: 21.8 + 15.5 + 10.2 + 12.4 = 59.9 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 15Expleo Solutions LtdEXPLEOSOL | 59.6/100Mixed-positive evidence81% evidence | TURNING | 20.9/35 Revenue 10.4% · PAT 39.4% · OPM change 4 pp 95% evidence | 15.8/25 ROCE 24.2% · OPM 15% 95% evidence | 13.7/20 P/E 9.4× · PEG — 50% evidence | 9.2/20 RS sector -13.3% · RS bench 1.4% · 1Y -12.8%2 of 10 weeks ahead 70% evidence |
| Exact sum: 20.9 + 15.8 + 13.7 + 9.2 = 59.6 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 16Hypersoft Technologies Ltd539724 | 59.6/100Mixed-positive evidence67% evidence | FADING | 25.5/35 Revenue 100% · PAT 100% · OPM change 2.9 pp 71% evidence | 11.9/25 ROCE 20.6% · OPM 14% 76% evidence | 8.6/20 P/E 386× · PEG — 15% evidence | 13.6/20 RS sector 40.8% · RS bench 50.5% · 1Y 116.6%10 of 12 weeks ahead 100% evidence |
| Exact sum: 25.5 + 11.9 + 8.6 + 13.6 = 59.6 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 17InfoBeans Technologies LtdINFOBEAN | 58.9/100Mixed-positive evidence87% evidence | ASLEEP | 26.5/35 Revenue 35.5% · PAT 60.4% · OPM change 0 pp 95% evidence | 16.9/25 ROCE 29.2% · OPM 21% 95% evidence | 9.7/20 P/E 17.6× · PEG — 50% evidence | 5.8/20 RS sector -12.9% · RS bench -6.5% · 1Y 10.4%3 of 12 weeks ahead 100% evidence |
| Exact sum: 26.5 + 16.9 + 9.7 + 5.8 = 58.9 · Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -12.9% and the one-year return is 10.4%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth. | ||||||
| 18R Systems International LtdRSYSTEMS | 57.5/100Mixed-positive evidence100% evidence | BASING | 18.9/35 Revenue 24.1% · PAT -1% · OPM change 3 pp 100% evidence | 16.5/25 ROCE 19.5% · OPM 18% 100% evidence | 17.7/20 P/E 13.5× · PEG 0.26 100% evidence | 4.4/20 RS sector -28.2% · RS bench -23.7% · 1Y -46.9%0 of 12 weeks ahead 100% evidence |
| Exact sum: 18.9 + 16.5 + 17.7 + 4.4 = 57.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 19Ksolves India LtdKSOLVES | 57.3/100Mixed-positive evidence87% evidence | ASLEEP | 17.8/35 Revenue 16% · PAT 16.7% · OPM change 3.9 pp 95% evidence | 20.7/25 ROCE 131% · OPM 30.3% 95% evidence | 13.8/20 P/E 16.5× · PEG — 50% evidence | 5.0/20 RS sector -16.6% · RS bench -10.9% · 1Y -19.3%0 of 12 weeks ahead 100% evidence |
| Exact sum: 17.8 + 20.7 + 13.8 + 5 = 57.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 20BLS E-Services LtdBLSE | 56.8/100Mixed-positive evidence75% evidence | LEADER | 18.1/35 Revenue 71.2% · PAT 9.4% · OPM change 0 pp 95% evidence | 10.3/25 ROCE 16.4% · OPM 7% 76% evidence | 9.0/20 P/E 48.9× · PEG — 15% evidence | 19.4/20 RS sector 41.8% · RS bench 50.4% · 1Y 75.9%12 of 12 weeks ahead 100% evidence |
| Exact sum: 18.1 + 10.3 + 9 + 19.4 = 56.8 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 21Subex LtdSUBEXLTD | 56.5/100Mixed-positive evidence65% evidence | BREAKING OUT | 24.4/35 Revenue 2.8% · PAT 100% · OPM change 13 pp 95% evidence | 10.3/25 ROCE 12.8% · OPM 19% 95% evidence | 9.4/20 P/E 36.2× · PEG — 15% evidence | 12.4/20 RS sector — · RS bench 80.4% · 1Y —9 of 9 weeks ahead 25% evidence |
| Exact sum: 24.4 + 10.3 + 9.4 + 12.4 = 56.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 22Saksoft LtdSAKSOFT | 55.7/100Mixed-positive evidence100% evidence | BREAKING OUT | 17.9/35 Revenue 8.2% · PAT 13% · OPM change 0 pp 100% evidence | 15.6/25 ROCE 25.5% · OPM 18% 100% evidence | 13.5/20 P/E 14.5× · PEG 0.6 100% evidence | 8.7/20 RS sector -16% · RS bench -10.8% · 1Y -30.5%12 of 12 weeks ahead 100% evidence |
| Exact sum: 17.9 + 15.6 + 13.5 + 8.7 = 55.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 23Infosys LtdINFY | 55.1/100Mixed-positive evidence82% evidence | ASLEEP | 18.1/35 Revenue 11.2% · PAT 11.1% · OPM change 0 pp 95% evidence | 20.1/25 ROCE 40% · OPM 24% 76% evidence | 14.0/20 P/E 13.5× · PEG — 50% evidence | 2.9/20 RS sector -26.2% · RS bench -21.2% · 1Y -28.2%0 of 12 weeks ahead 100% evidence |
| Exact sum: 18.1 + 20.1 + 14 + 2.9 = 55.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 24LTM LtdLTM | 54.4/100Mixed-positive evidence100% evidence | BREAKING OUT | 17.1/35 Revenue 13.9% · PAT 10% · OPM change 1 pp 100% evidence | 17.9/25 ROCE 29.6% · OPM 18% 100% evidence | 10.7/20 P/E 22.6× · PEG 1.18 100% evidence | 8.7/20 RS sector -17.1% · RS bench -11.7% · 1Y -17.7%5 of 12 weeks ahead 100% evidence |
| Exact sum: 17.1 + 17.9 + 10.7 + 8.7 = 54.4 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 25AvenuesAI LtdCCAVENUE | 53.6/100Mixed-positive evidence93% evidence | BREAKING OUT | 20.9/35 Revenue 100% · PAT 43.8% · OPM change -2.3 pp 100% evidence | 5.0/25 ROCE 7.7% · OPM 3.7% 100% evidence | 14.8/20 P/E 19.2× · PEG 0.37 65% evidence | 12.9/20 RS sector -4.7% · RS bench 1.7% · 1Y 0.7%12 of 12 weeks ahead 100% evidence |
| Exact sum: 20.9 + 5 + 14.8 + 12.9 = 53.6 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 26Xchanging Solutions LtdXCHANGING | 53.6/100Mixed-positive evidence81% evidence | TURNING | 18.6/35 Revenue 8.4% · PAT 13.2% · OPM change 1 pp 95% evidence | 15.5/25 ROCE 18% · OPM 34% 95% evidence | 13.6/20 P/E 11.4× · PEG — 50% evidence | 5.9/20 RS sector -24.4% · RS bench -11.2% · 1Y -30.2%1 of 10 weeks ahead 70% evidence |
| Exact sum: 18.6 + 15.5 + 13.6 + 5.9 = 53.6 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 27Blue Cloud Softech Solutions LtdBLUECLOUDS | 53.0/100Mixed-positive evidence74% evidence | 22.0/35 Revenue 41.1% · PAT 36.2% · OPM change 10 pp 95% evidence | 12.4/25 ROCE 14.2% · OPM 20% 95% evidence | 9.6/20 P/E 27.6× · PEG — 15% evidence | 9.0/20 RS sector -3.8% · RS bench -8.7% · 1Y -33.2%1 of 12 weeks ahead 70% evidence | |
| Exact sum: 22 + 12.4 + 9.6 + 9 = 53 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 28TechNVision Ventures LtdTECHNVISN | 52.9/100Mixed-positive evidence74% evidence | ASLEEP | 25.9/35 Revenue 23.4% · PAT 100% · OPM change 2.9 pp 95% evidence | 5.5/25 ROCE 12.9% · OPM 5.2% 95% evidence | 8.5/20 P/E 1002× · PEG — 15% evidence | 13.0/20 RS sector 32.1% · RS bench -14% · 1Y -20.6%0 of 9 weeks ahead 70% evidence |
| Exact sum: 25.9 + 5.5 + 8.5 + 13 = 52.9 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 29Seshaasai Technologies LtdSTYL | 52.3/100Mixed-positive evidence73% evidence | BREAKING OUT | 12.6/35 Revenue 6.7% · PAT 20.6% · OPM change 0 pp 100% evidence | 17.1/25 ROCE 27.7% · OPM 23% 100% evidence | 12.6/20 P/E 23.7× · PEG 0.81 65% evidence | 10.0/20 RS sector — · RS bench — · 1Y -9.1%10 of 10 weeks ahead 0% evidence |
| Exact sum: 12.6 + 17.1 + 12.6 + 10 = 52.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 30Tanla Platforms LtdTANLA | 52.2/100Mixed-positive evidence94% evidence | ASLEEP | 14.4/35 Revenue 13.2% · PAT 9.9% · OPM change 0 pp 100% evidence | 16.5/25 ROCE 26.3% · OPM 16% 100% evidence | 13.1/20 P/E 12.5× · PEG 1.21 100% evidence | 8.2/20 RS sector -12% · RS bench -5.7% · 1Y -23.7%6 of 10 weeks ahead 70% evidence |
| Exact sum: 14.4 + 16.5 + 13.1 + 8.2 = 52.2 · Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity. | ||||||
| 31Tata Consultancy Services LtdTCS | 50.6/100Mixed-positive evidence100% evidence | TURNING | 10.0/35 Revenue 7.7% · PAT 1.1% · OPM change -1 pp 100% evidence | 22.5/25 ROCE 63% · OPM 26% 100% evidence | 11.9/20 P/E 14.8× · PEG 1.85 100% evidence | 6.2/20 RS sector -21.5% · RS bench -16.2% · 1Y -27.8%0 of 12 weeks ahead 100% evidence |
| Exact sum: 10 + 22.5 + 11.9 + 6.2 = 50.6 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 32Capillary Technologies India LtdCAPILLARY | 50.4/100Mixed-positive evidence63% evidence | ASLEEP | 27.4/35 Revenue 27.8% · PAT 135.8% · OPM change 5.8 pp 100% evidence | 4.1/25 ROCE 3.4% · OPM 15.7% 100% evidence | 8.9/20 P/E 71.8× · PEG — 15% evidence | 10.0/20 RS sector — · RS bench — · 1Y —0 of 10 weeks ahead 0% evidence |
| Exact sum: 27.4 + 4.1 + 8.9 + 10 = 50.4 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 33RNIT AI Solutions LtdAUTOPALIND | 50.4/100Thin evidence · provisional55% evidence | BREAKING OUT | 16.9/35 Revenue 56.7% · PAT 71.3% · OPM change -0.6 pp 95% evidence | 14.6/25 ROCE 20.2% · OPM 35.3% 76% evidence | 8.9/20 P/E 68× · PEG — 15% evidence | 10.0/20 RS sector — · RS bench — · 1Y —5 of 12 weeks ahead 0% evidence |
| Exact sum: 16.9 + 14.6 + 8.9 + 10 = 50.4 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. | ||||||
| 34Birlasoft LtdBSOFT | 50.3/100Mixed-positive evidence100% evidence | ASLEEP | 19.7/35 Revenue 1.4% · PAT 21.1% · OPM change 4 pp 100% evidence | 13.0/25 ROCE 21.2% · OPM 16% 100% evidence | 14.6/20 P/E 13.2× · PEG 0.62 100% evidence | 3.0/20 RS sector -26% · RS bench -20.6% · 1Y -25%0 of 12 weeks ahead 100% evidence |
| Exact sum: 19.7 + 13 + 14.6 + 3 = 50.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 35Mphasis LtdMPHASIS | 49.0/100Mixed-negative evidence94% evidence | FADING | 15.0/35 Revenue 13.7% · PAT 9.9% · OPM change -1 pp 100% evidence | 17.3/25 ROCE 22.1% · OPM 18% 100% evidence | 6.0/20 P/E 22.6× · PEG 2.19 100% evidence | 10.7/20 RS sector 0% · RS bench -7% · 1Y -18%3 of 10 weeks ahead 70% evidence |
| Exact sum: 15 + 17.3 + 6 + 10.7 = 49 · Decision use: Strong business, demanding price: keep it on the quality list, but require either earnings upgrades or valuation compression. | ||||||
| 36Hexaware Technologies LtdHEXT | 48.9/100Mixed-negative evidence94% evidence | FADING | 14.2/35 Revenue 13% · PAT 1.2% · OPM change 4 pp 100% evidence | 17.8/25 ROCE 30.1% · OPM 16% 100% evidence | 10.7/20 P/E 21.4× · PEG 0.81 100% evidence | 6.2/20 RS sector -21.4% · RS bench -14.7% · 1Y -31.1%6 of 10 weeks ahead 70% evidence |
| Exact sum: 14.2 + 17.8 + 10.7 + 6.2 = 48.9 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 37HCL Technologies LtdHCLTECH | 48.2/100Mixed-negative evidence82% evidence | BREAKING OUT | 12.2/35 Revenue 12.6% · PAT 2.6% · OPM change 0 pp 95% evidence | 19.0/25 ROCE 30.4% · OPM 20% 76% evidence | 9.0/20 P/E 18× · PEG — 50% evidence | 8.0/20 RS sector -18.3% · RS bench -12.7% · 1Y -15%7 of 12 weeks ahead 100% evidence |
| Exact sum: 12.2 + 19 + 9 + 8 = 48.2 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 38Mastek LtdMASTEK | 47.9/100Mixed-negative evidence82% evidence | FADING | 13.8/35 Revenue 6% · PAT 5% · OPM change 0 pp 95% evidence | 13.3/25 ROCE 17.7% · OPM 15% 76% evidence | 12.6/20 P/E 11.5× · PEG — 50% evidence | 8.2/20 RS sector -16.4% · RS bench -11.1% · 1Y -33.2%4 of 12 weeks ahead 100% evidence |
| Exact sum: 13.8 + 13.3 + 12.6 + 8.2 = 47.9 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 39Dynacons Systems & Solutions LtdDSSL | 47.2/100Mixed-negative evidence87% evidence | ASLEEP | 16.8/35 Revenue 10.5% · PAT 16.2% · OPM change 3 pp 95% evidence | 15.4/25 ROCE 29.8% · OPM 13% 95% evidence | 8.1/20 P/E 15.9× · PEG — 50% evidence | 6.9/20 RS sector -7% · RS bench -0.5% · 1Y 9%6 of 12 weeks ahead 100% evidence |
| Exact sum: 16.8 + 15.4 + 8.1 + 6.9 = 47.2 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 40Zensar Technologies LtdZENSARTECH | 46.6/100Mixed-negative evidence100% evidence | ASLEEP | 15.6/35 Revenue 8% · PAT 15.3% · OPM change 0 pp 100% evidence | 13.6/25 ROCE 22.8% · OPM 15% 100% evidence | 14.3/20 P/E 12.2× · PEG 1.11 100% evidence | 3.1/20 RS sector -33% · RS bench -28.6% · 1Y -45.2%0 of 12 weeks ahead 100% evidence |
| Exact sum: 15.6 + 13.6 + 14.3 + 3.1 = 46.6 · Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity. | ||||||
| 41Unicommerce eSolutions LtdUNIECOM | 46.6/100Mixed-negative evidence74% evidence | ASLEEP | 14.4/35 Revenue 38.4% · PAT 18.1% · OPM change -8.1 pp 95% evidence | 16.5/25 ROCE 21.1% · OPM 10.6% 95% evidence | 9.1/20 P/E 44.1× · PEG — 15% evidence | 6.6/20 RS sector -14.5% · RS bench -19.2% · 1Y -44.1%0 of 10 weeks ahead 70% evidence |
| Exact sum: 14.4 + 16.5 + 9.1 + 6.6 = 46.6 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 42XT Global Infotech LtdXTGLOBAL | 46.5/100Mixed-negative evidence61% evidence | 18.4/35 Revenue 85.4% · PAT 29.4% · OPM change -6.6 pp 53% evidence | 9.4/25 ROCE 7.5% · OPM 9.5% 71% evidence | 9.1/20 P/E 40.8× · PEG — 50% evidence | 9.6/20 RS sector -1% · RS bench -12.7% · 1Y -21.9%2 of 12 weeks ahead to 2026-03-29 70% evidence | |
| Exact sum: 18.4 + 9.4 + 9.1 + 9.6 = 46.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 43Wipro LtdWIPRO | 45.0/100Mixed-negative evidence100% evidence | BASING | 12.9/35 Revenue 6.4% · PAT -1.7% · OPM change 0 pp 100% evidence | 15.3/25 ROCE 17.8% · OPM 19% 100% evidence | 13.5/20 P/E 12.5× · PEG 1.4 100% evidence | 3.3/20 RS sector -25.8% · RS bench -20.8% · 1Y -31.3%0 of 12 weeks ahead 100% evidence |
| Exact sum: 12.9 + 15.3 + 13.5 + 3.3 = 45 · Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity. | ||||||
| 44Excelsoft Technologies LtdEXCELSOFT | 44.3/100Mixed-negative evidence60% evidence | TURNING | 12.0/35 Revenue 26.8% · PAT 4.2% · OPM change -1.8 pp 95% evidence | 12.2/25 ROCE 13.6% · OPM 16.3% 95% evidence | 10.1/20 P/E 18.7× · PEG — 15% evidence | 10.0/20 RS sector — · RS bench — · 1Y —0 of 10 weeks ahead 0% evidence |
| Exact sum: 12 + 12.2 + 10.1 + 10 = 44.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 45Sonata Software LtdSONATSOFTW | 43.1/100Mixed-negative evidence100% evidence | BREAKING OUT | 9.0/35 Revenue 4% · PAT 7.9% · OPM change 0 pp 100% evidence | 13.6/25 ROCE 30.7% · OPM 5% 100% evidence | 13.1/20 P/E 14.7× · PEG 0.81 100% evidence | 7.4/20 RS sector -17.3% · RS bench -12.1% · 1Y -25.9%11 of 12 weeks ahead 100% evidence |
| Exact sum: 9 + 13.6 + 13.1 + 7.4 = 43.1 · Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity. | ||||||
| 4663 Moons Technologies Ltd63MOONS | 43.1/100Thin evidence · provisional58% evidence | BREAKING OUT | 20.6/35 Revenue 100% · PAT -80% · OPM change 128 pp 71% evidence | 3.4/25 ROCE -3.7% · OPM -52% 76% evidence | 10.0/20 P/E — · PEG — 0% evidence | 9.1/20 RS sector -22.4% · RS bench 28.9% · 1Y -1.6%10 of 11 weeks ahead 70% evidence |
| Exact sum: 20.6 + 3.4 + 10 + 9.1 = 43.1 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. | ||||||
| 47Magellanic Cloud LtdMCLOUD | 38.9/100Mixed-negative evidence81% evidence | TURNING | 9.6/35 Revenue 13.7% · PAT 6.7% · OPM change -7 pp 95% evidence | 13.9/25 ROCE 19.8% · OPM 28% 95% evidence | 11.9/20 P/E 13.6× · PEG — 50% evidence | 3.5/20 RS sector -54.4% · RS bench -23.4% · 1Y -68%6 of 11 weeks ahead 70% evidence |
| Exact sum: 9.6 + 13.9 + 11.9 + 3.5 = 38.9 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 48Innovana Thinklabs LtdINNOVANA | 38.7/100Mixed-negative evidence81% evidence | TURNING | 8.7/35 Revenue 26% · PAT -39% · OPM change -32.5 pp 95% evidence | 11.3/25 ROCE 15.8% · OPM 17.6% 95% evidence | 9.0/20 P/E 21.9× · PEG — 50% evidence | 9.7/20 RS sector -0.4% · RS bench -15.1% · 1Y -40.3%0 of 10 weeks ahead 70% evidence |
| Exact sum: 8.7 + 11.3 + 9 + 9.7 = 38.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 49Kellton Tech Solutions LtdKELLTONTEC | 36.2/100Mixed-negative evidence87% evidence | BASING | 10.0/35 Revenue 9.5% · PAT 9.6% · OPM change -1 pp 95% evidence | 9.7/25 ROCE 15% · OPM 11% 95% evidence | 11.9/20 P/E 8× · PEG — 50% evidence | 4.6/20 RS sector -24.3% · RS bench -19.4% · 1Y -45.5%0 of 12 weeks ahead 100% evidence |
| Exact sum: 10 + 9.7 + 11.9 + 4.6 = 36.2 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 50Aurionpro Solutions LtdAURIONPRO | 36.1/100Mixed-negative evidence93% evidence | ASLEEP | 12.9/35 Revenue 14.8% · PAT 5.1% · OPM change -3 pp 100% evidence | 10.7/25 ROCE 16.3% · OPM 17% 100% evidence | 10.0/20 P/E 18× · PEG 1.39 65% evidence | 2.5/20 RS sector -30.2% · RS bench -25.6% · 1Y -47.2%2 of 12 weeks ahead 100% evidence |
| Exact sum: 12.9 + 10.7 + 10 + 2.5 = 36.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 51Allied Digital Services LtdADSL | 35.5/100Mixed-negative evidence74% evidence | BASING | 14.2/35 Revenue 19.1% · PAT 5.6% · OPM change 0 pp 95% evidence | 6.5/25 ROCE 7.4% · OPM 9% 95% evidence | 10.7/20 P/E 14.6× · PEG — 15% evidence | 4.1/20 RS sector -29.8% · RS bench -24.4% · 1Y -39.4%1 of 10 weeks ahead 70% evidence |
| Exact sum: 14.2 + 6.5 + 10.7 + 4.1 = 35.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 52Mindteck (India) LtdMINDTECK | 32.3/100Adverse evidence87% evidence | ASLEEP | 7.9/35 Revenue -1.8% · PAT 0.3% · OPM change -1.7 pp 95% evidence | 10.4/25 ROCE 15.1% · OPM 7.8% 95% evidence | 11.8/20 P/E 15.3× · PEG — 50% evidence | 2.2/20 RS sector -27.9% · RS bench -23.1% · 1Y -24.6%3 of 12 weeks ahead 100% evidence |
| Exact sum: 7.9 + 10.4 + 11.8 + 2.2 = 32.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 53Moschip Technologies LtdMOSCHIP | 31.1/100Adverse evidence87% evidence | TURNING | 7.7/35 Revenue 8.4% · PAT -33.6% · OPM change -3.9 pp 100% evidence | 7.0/25 ROCE 11% · OPM 8.2% 100% evidence | 3.7/20 P/E 129× · PEG 5.04 65% evidence | 12.7/20 RS sector 1.9% · RS bench 0.9% · 1Y -15.1%3 of 10 weeks ahead 70% evidence |
| Exact sum: 7.7 + 7 + 3.7 + 12.7 = 31.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 54Orient Technologies LtdORIENTTECH | 30.7/100Thin evidence · provisional54% evidence | BASING | 15.1/35 Revenue — · PAT — · OPM change -0.5 pp 19% evidence | 2.4/25 ROCE 8.4% · OPM 6.7% 95% evidence | 9.0/20 P/E 45.6× · PEG — 15% evidence | 4.2/20 RS sector -21.8% · RS bench -16.7% · 1Y -9.4%0 of 12 weeks ahead 100% evidence |
| Exact sum: 15.1 + 2.4 + 9 + 4.2 = 30.7 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. | ||||||
| 55Quick Heal Technologies LtdQUICKHEAL | 20.4/100Adverse evidence69% evidence | BASING | 6.2/35 Revenue -6.6% · PAT -80% · OPM change -22.1 pp 71% evidence | 1.8/25 ROCE -6% · OPM -39% 95% evidence | 10.0/20 P/E — · PEG — 0% evidence | 2.4/20 RS sector -32.9% · RS bench -29.1% · 1Y -50.2%2 of 12 weeks ahead 100% evidence |
| Exact sum: 6.2 + 1.8 + 10 + 2.4 = 20.4 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 56Covance Softsol Ltd544361 | 66.8/100Thin evidence · provisional49% evidence | 25.8/35 Revenue 43.5% · PAT 100% · OPM change 19.7 pp 62% evidence | 17.8/25 ROCE 31.4% · OPM 23.1% 76% evidence | 11.1/20 P/E 12.9× · PEG — 15% evidence | 12.1/20 RS sector — · RS bench 48.4% · 1Y — 25% evidence | |
| Exact sum: 25.8 + 17.8 + 11.1 + 12.1 = 66.8 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. | ||||||
| 57Exato Technologies Ltd544626 | 57.8/100Thin evidence · provisional38% evidence | TURNING | 21.0/35 Revenue — · PAT — · OPM change 3.4 pp 45% evidence | 17.5/25 ROCE 26.8% · OPM 18% 76% evidence | 9.3/20 P/E 40× · PEG — 15% evidence | 10.0/20 RS sector — · RS bench — · 1Y —4 of 4 weeks ahead 0% evidence |
| Exact sum: 21 + 17.5 + 9.3 + 10 = 57.8 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. | ||||||
| 58Unified Data- Tech Solutions LtdUNIFIED | 56.1/100Thin evidence · provisional36% evidence | 16.9/35 Revenue — · PAT — · OPM change 1 pp 26% evidence | 18.8/25 ROCE 45.2% · OPM 15% 76% evidence | 10.2/20 P/E 18.6× · PEG — 15% evidence | 10.2/20 RS sector — · RS bench -1.2% · 1Y 15.3%0 of 12 weeks ahead 25% evidence | |
| Exact sum: 16.9 + 18.8 + 10.2 + 10.2 = 56.1 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. | ||||||
| 59Kody Technolab LtdKODYTECH | 54.2/100Thin evidence · provisional48% evidence | BREAKING OUT | 15.2/35 Revenue — · PAT — · OPM change -5 pp 19% evidence | 14.4/25 ROCE 16.8% · OPM 29% 95% evidence | 8.7/20 P/E 125× · PEG — 15% evidence | 15.9/20 RS sector 10.3% · RS bench 61.9% · 1Y 107.4%10 of 10 weeks ahead 70% evidence |
| Exact sum: 15.2 + 14.4 + 8.7 + 15.9 = 54.2 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. | ||||||
| 60Metalic Technoforge LtdMETA | 53.0/100Thin evidence · provisional27% evidence | 16.2/35 Revenue — · PAT — · OPM change -2 pp 13% evidence | 17.1/25 ROCE 36.1% · OPM 8% 76% evidence | 9.7/20 P/E 25.3× · PEG — 15% evidence | 10.0/20 RS sector — · RS bench — · 1Y -12.7%0 of 12 weeks ahead 0% evidence | |
| Exact sum: 16.2 + 17.1 + 9.7 + 10 = 53 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. | ||||||
| 61Veefin Solutions LtdVEEFIN | 47.3/100Thin evidence · provisional50% evidence | 17.7/35 Revenue — · PAT — · OPM change -5.1 pp 19% evidence | 10.6/25 ROCE 9.8% · OPM 19.7% 76% evidence | 12.2/20 P/E 27.7× · PEG — 50% evidence | 6.8/20 RS sector -7.2% · RS bench -24.9% · 1Y -40%0 of 12 weeks ahead 70% evidence | |
| Exact sum: 17.7 + 10.6 + 12.2 + 6.8 = 47.3 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. | ||||||
| 62Trident Techlabs LtdTECHLABS | 45.8/100Thin evidence · provisional40% evidence | 16.0/35 Revenue — · PAT — · OPM change -2 pp 15% evidence | 16.2/25 ROCE 26.7% · OPM 27% 71% evidence | 10.5/20 P/E 14.9× · PEG — 15% evidence | 3.1/20 RS sector -50.2% · RS bench -56.5% · 1Y -72.5%0 of 12 weeks ahead to 2026-03-29 70% evidence | |
| Exact sum: 16 + 16.2 + 10.5 + 3.1 = 45.8 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. | ||||||
| 63ERP Soft Systems Ltd530909 | 44.2/100Thin evidence · provisional41% evidence | 19.8/35 Revenue 19.1% · PAT 100% · OPM change -1.1 pp 53% evidence | 8.0/25 ROCE 1.6% · OPM 1.7% 57% evidence | 8.8/20 P/E 74.9× · PEG — 15% evidence | 7.6/20 RS sector — · RS bench -47.6% · 1Y -59.7%0 of 12 weeks ahead to 2026-03-29 25% evidence | |
| Exact sum: 19.8 + 8 + 8.8 + 7.6 = 44.2 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. | ||||||
| 64IDream Film Infrastructure Company Ltd504375 | 38.2/100Thin evidence · provisional35% evidence | TURNING | 12.8/35 Revenue — · PAT 100% · OPM change — 33% evidence | 3.1/25 ROCE -9.2% · OPM -25.8% 76% evidence | 10.0/20 P/E — · PEG — 0% evidence | 12.3/20 RS sector — · RS bench 78% · 1Y —8 of 8 weeks ahead 25% evidence |
| Exact sum: 12.8 + 3.1 + 10 + 12.3 = 38.2 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. | ||||||
Showing 10 of 64 companies
05 · what price has already done
Market action
Silver Touch Technologies Ltd has the strongest one-year price move in IT - Software at +120.3%. ASM Technologies Ltd leads on Mansfield relative strength against NIFTY at +97.1%. 20 of 58 covered companies are above zero on that measure. Every line covers 313 weekly closes through 2026-09-11.
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.
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.
The same measure taken against IT - Software 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.
06 · the story behind the numbers
IT - Software — the story behind the numbers
This is the written read behind the IT - Software figures above — what is actually happening in the sector, in words, with the evidence each claim rests on. It is dated 28 Jul 2026. 5 themes are live here, 2 of them rated high severity.
The sector shows revenue expansion but margin fragility due to labor costs. Order books provide near-term cover, but regulatory and geopolitical headwinds persist. MASTEK and SAHANA demonstrate better visibility, while 63MOONS and 504375 face operational and legal challenges.
The IT - Software sector displays mixed performance across the 10 constituents analyzed for the week ending 2026-07-19. Revenue growth varies widely, ranging from -8.76% to 883.4% YoY, reflecting diverse business models from pure software services to hardware-integrated solutions.
How old this read is: This read comes from our IT - Software sector brief dated 28 Jul 2026 — 51 days old. The numbers above it are newer than the words here.
What is live in this sector right now
| Live theme | Severity | Evidence on file |
|---|---|---|
| 8 constituents face regulatory risks including SEBI compliance, labor codes, and tax demands.Named for 504375, 539724, CIGNITITEC, KODYTECH | high | “despite absorbing the impact of annual wage revisions and labour code true-ups... EBITDA includes an impact of INR 6.4 crores on account of labour code changes.” MASTEK awaiting final clarifications from the labor department. MCLOUD board authorized executives to disclose material events to improve SEBI compliance. |
| 5 constituents reported labor cost surges or workforce scaling risks impacting margins.Named for 539724, 544361, MASTEK, MCLOUD | high | “Our outcome focused drive on AI has helped deliver a 12% improvement in revenue per employee and helped sustain EBITDA margins at 16.1%.” MASTEK AI-led productivity gains delivered 12% improvement in revenue per employee. MOSCHIP operates training institute to address talent shortage. |
| 4 constituents face geopolitical risks including US reciprocal tariffs and Middle East market stability exposure.Named for CIGNITITEC, KODYTECH, MCLOUD, MOSCHIP | medium | KODYTECH agreement includes dispute resolution through Dubai International Arbitration Centre. MOSCHIP expanding to Europe and Israel for diversification. |
| 4 constituents cited currency fluctuation risks impacting margins on dollar-denominated contracts.Named for 544361, CIGNITITEC, MASTEK, MOSCHIP | medium | “Out of 60 bps points, 43 bps point reflects our resiliency towards AI-led operational efficiency and 17 bps point is due to forex tailwinds.” MASTEK active hedging for the next 12 months ($6.7mn and £21.5mn). |
| 5 constituents have active litigation including NSEL legacy cases and tax disputes.Named for 539724, 544361, 63MOONS, CIGNITITEC | medium | 63MOONS Board authorized MD to consider settlement proposal if 75% investor consent obtained. |
Sources: our IT - Software sector brief, 28 Jul 2026 · company earnings-call transcripts.
07 · compare level, then change
Revenue Scale & Growth Durability
Tata Consultancy Services Ltd has the highest Revenue among the 64 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 126.4% from a ₹1,261 crore base, with 14 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
Coverage58/64 companies · 907 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
Revenue growthfastest growers
Revenue · company comparison
58/64 level · 56/64 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.
| 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 | ₹5.5K Cr | 49% | Jun 2026 |
| Mphasis Ltd MPHASIS | ₹4.4K Cr | 17% | Jun 2026 |
| Hexaware Technologies Ltd HEXT | ₹3.8K Cr | 18% | Jun 2026 |
| Sonata Software Ltd SONATSOFTW | ₹3.3K Cr | 11% | Jun 2026 |
| AvenuesAI Ltd CCAVENUE | ₹2.7K Cr | 109% | Jun 2026 |
| Zensar Technologies Ltd ZENSARTECH | ₹1.5K Cr | 8.9% | Jun 2026 |
| Birlasoft Ltd BSOFT | ₹1.4K Cr | 7.3% | Jun 2026 |
| Tanla Platforms Ltd TANLA | ₹1.2K Cr | 18% | Jun 2026 |
| Mastek Ltd MASTEK | ₹985 Cr | 7.7% | Jun 2026 |
| R Systems International Ltd RSYSTEMS | ₹602 Cr | 30% | Jun 2026 |
| Cigniti Technologies Ltd CIGNITITEC | ₹579 Cr | 12% | Dec 2025 |
| Datamatics Global Services Ltd DATAMATICS | ₹514 Cr | 9.8% | Jun 2026 |
| String Metaverse Ltd 534535 | ₹392 Cr | 97% | Jun 2026 |
| Seshaasai Technologies Ltd STYL | ₹376 Cr | 21% | Jun 2026 |
| Aurionpro Solutions Ltd AURIONPRO | ₹358 Cr | 6.2% | Jun 2026 |
| Sasken Technologies Ltd SASKEN | ₹339 Cr | 24% | Jun 2026 |
| Kellton Tech Solutions Ltd KELLTONTEC⚠ unverified | ₹316 Cr | 7.1% | Jun 2026 |
| Dynacons Systems & Solutions Ltd DSSL⚠ unverified | ₹314 Cr | -4.6% | Jun 2026 |
| BLS E-Services Ltd BLSE | ₹304 Cr | 25% | Jun 2026 |
| Blue Cloud Softech Solutions Ltd BLUECLOUDS | ₹293 Cr | 42% | Jun 2026 |
| Expleo Solutions Ltd EXPLEOSOL⚠ unverified | ₹292 Cr | 12% | Jun 2026 |
| Allied Digital Services Ltd ADSL⚠ unverified | ₹260 Cr | 19% | Jun 2026 |
| Capillary Technologies India Ltd CAPILLARY | ₹257 Cr | 43% | Jun 2026 |
| Saksoft Ltd SAKSOFT | ₹249 Cr | 0.0% | Jun 2026 |
| Sahana Systems Ltd SAHANA⚠ unverified | ₹217 Cr | 89% | Mar 2026 |
| Metalic Technoforge Ltd META | ₹210 Cr | 14% | Mar 2026 |
| Orient Technologies Ltd ORIENTTECH⚠ unverified | ₹202 Cr | — | Jun 2026 |
| ASM Technologies Ltd 526433 | ₹199 Cr | 62% | Jun 2026 |
| Magellanic Cloud Ltd MCLOUD⚠ unverified | ₹180 Cr | 9.8% | Jun 2026 |
| InfoBeans Technologies Ltd INFOBEAN⚠ unverified | ₹153 Cr | 37% | Jun 2026 |
| Unified Data- Tech Solutions Ltd UNIFIED | ₹139 Cr | 22% | Mar 2026 |
| 63 Moons Technologies Ltd 63MOONS | ₹137 Cr | 357% | Jun 2026 |
| Moschip Technologies Ltd MOSCHIP | ₹116 Cr | -14% | Jun 2026 |
| Veefin Solutions Ltd VEEFIN | ₹114 Cr | — | Jun 2026 |
| Mindteck (India) Ltd MINDTECK⚠ unverified | ₹104 Cr | 2.7% | Jun 2026 |
| XT Global Infotech Ltd XTGLOBAL | ₹92 Cr | 89% | Dec 2025 |
| Excelsoft Technologies Ltd EXCELSOFT⚠ unverified | ₹80 Cr | 44% | Jun 2026 |
| Subex Ltd SUBEXLTD⚠ unverified | ₹79 Cr | 20% | Jun 2026 |
| Hypersoft Technologies Ltd 539724 | ₹78 Cr | 389% | Jun 2026 |
| Silver Touch Technologies Ltd SILVERTUC | ₹78 Cr | 24% | Jun 2026 |
| Danlaw Technologies India Ltd 532329 | ₹74 Cr | 35% | Jun 2026 |
| TechNVision Ventures Ltd TECHNVISN⚠ unverified | ₹74 Cr | 30% | Jun 2026 |
| IZMO Ltd IZMO⚠ unverified | ₹65 Cr | 14% | Jun 2026 |
| Trident Techlabs Ltd TECHLABS | ₹64 Cr | 205% | Sep 2025 |
| Xchanging Solutions Ltd XCHANGING⚠ unverified | ₹54 Cr | 8.0% | Jun 2026 |
| Unicommerce eSolutions Ltd UNIECOM⚠ unverified | ₹51 Cr | 14% | Jun 2026 |
| Kody Technolab Ltd KODYTECH⚠ unverified | ₹49 Cr | 53% | Mar 2026 |
| NINtec Systems Ltd NINSYS⚠ unverified | ₹46 Cr | 18% | Jun 2026 |
| Quick Heal Technologies Ltd QUICKHEAL⚠ unverified | ₹45 Cr | -21% | Jun 2026 |
| Exato Technologies Ltd 544626 | ₹44 Cr | 50% | Jun 2026 |
| Covance Softsol Ltd 544361 | ₹43 Cr | 76% | Mar 2026 |
| Ksolves India Ltd KSOLVES⚠ unverified | ₹41 Cr | 10% | Jun 2026 |
| Innovana Thinklabs Ltd INNOVANA⚠ unverified | ₹39 Cr | 21% | Jun 2026 |
| Softtech Engineers Ltd SOFTTECH | ₹33 Cr | 23% | Jun 2026 |
| TAC Infosec Ltd TAC⚠ unverified | ₹20 Cr | 103% | Jun 2026 |
| RNIT AI Solutions Ltd AUTOPALIND | ₹8 Cr | 26% | Jun 2026 |
| IDream Film Infrastructure Company Ltd 504375 | ₹2 Cr | -100% | Jun 2026 |
| ERP Soft Systems Ltd 530909 | ₹2 Cr | -7.5% | Dec 2025 |
Full 20-quarter history · every available company
Revenue · reported quarter history
Showing the 12 largest of 64 companies with a series here. The remaining 52 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
₹5.5K 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
₹3.8K 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
₹2 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
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
₹1.5K Cr
Revenue growth · 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.
ASM Technologies Ltd · 526433
—
—
—
—
—
—
—
—
—
3.4%
-13%
3.9%
14%
16%
156%
132%
170%
78%
17%
62%
Coforge Ltd · COFORGE
—
—
25%
—
25%
24%
25%
21%
16%
13%
6.8%
6.1%
33%
40%
48%
57%
32%
30%
30%
49%
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%
18%
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%
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%
8.9%
08 · compare level, then change
Operating Economics & Margin Trend
TAC Infosec Ltd has the highest OPM among the 64 IT - Software companies compared here, at 48.2%. RNIT AI Solutions Ltd is next at 35.3%. 63 Moons Technologies Ltd has the highest Margin change at +128 percentage points, so level and change sit with different companies. 64 of 64 companies report a comparable reading, the latest through Jun 2026.
What the numbers say: TAC Infosec Ltd leads opm at 48.2%; 63 Moons Technologies Ltd leads margin change at +128 percentage points.
LeaderTAC Infosec Ltd · 48.2%
Gap36.5% versus #2 · RNIT AI Solutions Ltd
Persistence3/5 recent comparable periods
Coverage64/64 companies · 1008 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
5Kody Technolab Ltd KODYTECH⚠ unverified29%
Margin changefastest expanders
Operating margin · company comparison
64/64 level · 63/64 change
All-company data · latest reported quarter
| Company | OPM | Margin change | Reported |
|---|---|---|---|
| TAC Infosec Ltd TAC⚠ unverified | 48% | +1.6 pp | Jun 2026 |
| RNIT AI Solutions Ltd AUTOPALIND | 35% | −0.6 pp | Jun 2026 |
| Xchanging Solutions Ltd XCHANGING⚠ unverified | 34% | +1.0 pp | Jun 2026 |
| Ksolves India Ltd KSOLVES⚠ unverified | 30% | +3.9 pp | Jun 2026 |
| Kody Technolab Ltd KODYTECH⚠ unverified | 29% | −5.0 pp | Mar 2026 |
| Sahana Systems Ltd SAHANA⚠ unverified | 29% | −3.0 pp | Mar 2026 |
| Magellanic Cloud Ltd MCLOUD⚠ unverified | 28% | −7.0 pp | Jun 2026 |
| Softtech Engineers Ltd SOFTTECH | 27% | −0.1 pp | Jun 2026 |
| Trident Techlabs Ltd TECHLABS | 27% | −2.0 pp | Sep 2025 |
| Tata Consultancy Services Ltd TCS | 26% | −1.0 pp | Jun 2026 |
| NINtec Systems Ltd NINSYS⚠ unverified | 26% | +4.2 pp | Jun 2026 |
| IZMO Ltd IZMO⚠ unverified | 25% | +8.0 pp | Jun 2026 |
| Infosys Ltd INFY | 24% | 0.0 pp | Jun 2026 |
| Covance Softsol Ltd 544361 | 23% | +19.7 pp | Mar 2026 |
| ASM Technologies Ltd 526433 | 23% | +2.0 pp | Jun 2026 |
| Seshaasai Technologies Ltd STYL | 23% | 0.0 pp | Jun 2026 |
| Silver Touch Technologies Ltd SILVERTUC | 22% | +8.0 pp | Jun 2026 |
| InfoBeans Technologies Ltd INFOBEAN⚠ unverified | 21% | 0.0 pp | Jun 2026 |
| HCL Technologies Ltd HCLTECH | 20% | 0.0 pp | Jun 2026 |
| Datamatics Global Services Ltd DATAMATICS | 20% | +4.0 pp | Jun 2026 |
| Blue Cloud Softech Solutions Ltd BLUECLOUDS | 20% | +10.0 pp | Jun 2026 |
| Veefin Solutions Ltd VEEFIN | 20% | −5.1 pp | Jun 2026 |
| Wipro Ltd WIPRO | 19% | 0.0 pp | Jun 2026 |
| Coforge Ltd COFORGE | 19% | +3.0 pp | Jun 2026 |
| Subex Ltd SUBEXLTD⚠ unverified | 19% | +13.0 pp | Jun 2026 |
| Exato Technologies Ltd 544626 | 18% | +3.4 pp | Jun 2026 |
| LTM Ltd LTM | 18% | +1.0 pp | Jun 2026 |
| Mphasis Ltd MPHASIS | 18% | −1.0 pp | Jun 2026 |
| Cigniti Technologies Ltd CIGNITITEC | 18% | +2.0 pp | Dec 2025 |
| R Systems International Ltd RSYSTEMS | 18% | +3.0 pp | Jun 2026 |
| Saksoft Ltd SAKSOFT | 18% | 0.0 pp | Jun 2026 |
| Innovana Thinklabs Ltd INNOVANA⚠ unverified | 18% | −32.5 pp | Jun 2026 |
| Tech Mahindra Ltd TECHM | 17% | +3.0 pp | Jun 2026 |
| Aurionpro Solutions Ltd AURIONPRO | 17% | −3.0 pp | Jun 2026 |
| Excelsoft Technologies Ltd EXCELSOFT⚠ unverified | 16% | −1.8 pp | Jun 2026 |
| Hexaware Technologies Ltd HEXT | 16% | +4.0 pp | Jun 2026 |
| Birlasoft Ltd BSOFT | 16% | +4.0 pp | Jun 2026 |
| Tanla Platforms Ltd TANLA | 16% | 0.0 pp | Jun 2026 |
| Capillary Technologies India Ltd CAPILLARY | 16% | +5.8 pp | Jun 2026 |
| Zensar Technologies Ltd ZENSARTECH | 15% | 0.0 pp | Jun 2026 |
| Mastek Ltd MASTEK | 15% | 0.0 pp | Jun 2026 |
| Expleo Solutions Ltd EXPLEOSOL⚠ unverified | 15% | +4.0 pp | Jun 2026 |
| Unified Data- Tech Solutions Ltd UNIFIED | 15% | +1.0 pp | Mar 2026 |
| Hypersoft Technologies Ltd 539724 | 14% | +2.9 pp | Jun 2026 |
| Danlaw Technologies India Ltd 532329 | 13% | +0.8 pp | Jun 2026 |
| Dynacons Systems & Solutions Ltd DSSL⚠ unverified | 13% | +3.0 pp | Jun 2026 |
| String Metaverse Ltd 534535 | 11% | 0.0 pp | Jun 2026 |
| Kellton Tech Solutions Ltd KELLTONTEC⚠ unverified | 11% | −1.0 pp | Jun 2026 |
| Unicommerce eSolutions Ltd UNIECOM⚠ unverified | 11% | −8.1 pp | Jun 2026 |
| XT Global Infotech Ltd XTGLOBAL | 9.5% | −6.6 pp | Dec 2025 |
| Sasken Technologies Ltd SASKEN | 9.0% | +4.0 pp | Jun 2026 |
| Allied Digital Services Ltd ADSL⚠ unverified | 9.0% | 0.0 pp | Jun 2026 |
| Moschip Technologies Ltd MOSCHIP | 8.2% | −3.9 pp | Jun 2026 |
| Metalic Technoforge Ltd META | 8.0% | −2.0 pp | Mar 2026 |
| Mindteck (India) Ltd MINDTECK⚠ unverified | 7.8% | −1.7 pp | Jun 2026 |
| BLS E-Services Ltd BLSE | 7.0% | 0.0 pp | Jun 2026 |
| Orient Technologies Ltd ORIENTTECH⚠ unverified | 6.7% | −0.5 pp | Jun 2026 |
| TechNVision Ventures Ltd TECHNVISN⚠ unverified | 5.2% | +2.9 pp | Jun 2026 |
| Sonata Software Ltd SONATSOFTW | 5.0% | 0.0 pp | Jun 2026 |
| AvenuesAI Ltd CCAVENUE | 3.7% | −2.3 pp | Jun 2026 |
| ERP Soft Systems Ltd 530909 | 1.7% | −1.1 pp | Dec 2025 |
| IDream Film Infrastructure Company Ltd 504375 | -26% | — | Jun 2026 |
| Quick Heal Technologies Ltd QUICKHEAL⚠ unverified | -39% | −22.1 pp | Jun 2026 |
| 63 Moons Technologies Ltd 63MOONS | -52% | +128.0 pp | Jun 2026 |
Full 20-quarter history · every available company
OPM · reported quarter history
Showing the 12 largest of 64 companies with a series here. The remaining 52 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
ASM Technologies Ltd · 526433
11%
5.5%
11%
—
9.4%
9.6%
4.2%
4.7%
3.8%
0.6%
2.5%
7.0%
11%
18%
22%
21%
20%
17%
18%
23%
Coforge Ltd · COFORGE
18%
18%
16%
—
17%
17%
14%
14%
15%
17%
17%
13%
14%
13%
15%
16%
18%
17%
20%
19%
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%
16%
IDream Film Infrastructure Company Ltd · 504375
—
—
—
—
—
—
—
—
—
—
0.0%
—
—
—
—
—
—
—
—
-26%
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%
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%
15%
Margin change · 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.
ASM Technologies Ltd · 526433
+3.6 pp
−4.3 pp
−1.3 pp
—
−6.7 pp
−1.6 pp
−1.3 pp
−5.9 pp
−5.6 pp
−9.0 pp
−1.7 pp
+2.3 pp
+7.2 pp
+17.4 pp
+19.5 pp
+14.0 pp
+9.0 pp
−1.0 pp
−4.0 pp
+2.0 pp
Birlasoft Ltd · BSOFT
−1.2 pp
−1.0 pp
−1.3 pp
—
−0.2 pp
−14.2 pp
−1.9 pp
+0.3 pp
+1.2 pp
+15.0 pp
+2.0 pp
0.0 pp
−4.0 pp
−4.0 pp
−3.0 pp
−3.0 pp
+4.0 pp
+6.0 pp
+5.0 pp
+4.0 pp
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
+3.0 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
+4.0 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
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
0.0 pp
09 · compare level, then change
Profit Scale & Acceleration
Tata Consultancy Services Ltd has the highest Net profit among the 64 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 (135.8% uncapped) growth from a ₹42 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
Coverage58/64 companies · 907 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
Profit growthfastest growers
Net profit · company comparison
58/64 level · 52/64 change
All-company data · latest reported quarter
| 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 | ₹532 Cr | 49% | Jun 2026 |
| Mphasis Ltd MPHASIS | ₹490 Cr | 11% | Jun 2026 |
| Hexaware Technologies Ltd HEXT | ₹330 Cr | -13% | Jun 2026 |
| Zensar Technologies Ltd ZENSARTECH | ₹184 Cr | 1.1% | Jun 2026 |
| Birlasoft Ltd BSOFT | ₹161 Cr | 52% | Jun 2026 |
| Tanla Platforms Ltd TANLA | ₹142 Cr | 20% | Jun 2026 |
| Sonata Software Ltd SONATSOFTW | ₹108 Cr | -0.9% | Jun 2026 |
| Mastek Ltd MASTEK | ₹106 Cr | 15% | Jun 2026 |
| AvenuesAI Ltd CCAVENUE | ₹85 Cr | 47% | Jun 2026 |
| Cigniti Technologies Ltd CIGNITITEC | ₹80 Cr | 25% | Dec 2025 |
| Datamatics Global Services Ltd DATAMATICS | ₹72 Cr | 44% | Jun 2026 |
| Seshaasai Technologies Ltd STYL | ₹60 Cr | 62% | Jun 2026 |
| R Systems International Ltd RSYSTEMS | ₹56 Cr | -26% | Jun 2026 |
| Sahana Systems Ltd SAHANA⚠ unverified | ₹47 Cr | 88% | Mar 2026 |
| Aurionpro Solutions Ltd AURIONPRO | ₹45 Cr | -12% | Jun 2026 |
| String Metaverse Ltd 534535 | ₹37 Cr | 106% | Jun 2026 |
| Expleo Solutions Ltd EXPLEOSOL⚠ unverified | ₹34 Cr | 70% | Jun 2026 |
| Saksoft Ltd SAKSOFT | ₹29 Cr | -9.4% | Jun 2026 |
| ASM Technologies Ltd 526433 | ₹27 Cr | 69% | Jun 2026 |
| Sasken Technologies Ltd SASKEN | ₹24 Cr | 140% | Jun 2026 |
| Magellanic Cloud Ltd MCLOUD⚠ unverified | ₹24 Cr | -14% | Jun 2026 |
| Unified Data- Tech Solutions Ltd UNIFIED | ₹23 Cr | 92% | 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 | ₹20 Cr | 0.0% | Jun 2026 |
| BLS E-Services Ltd BLSE | ₹19 Cr | 5.6% | Jun 2026 |
| Blue Cloud Softech Solutions Ltd BLUECLOUDS | ₹18 Cr | 29% | Jun 2026 |
| Xchanging Solutions Ltd XCHANGING⚠ unverified | ₹15 Cr | 7.1% | Jun 2026 |
| Subex Ltd SUBEXLTD⚠ unverified | ₹14 Cr | 7.7% | Jun 2026 |
| Kody Technolab Ltd KODYTECH⚠ unverified | ₹12 Cr | 71% | Mar 2026 |
| IZMO Ltd IZMO⚠ unverified | ₹12 Cr | 100% | Jun 2026 |
| Allied Digital Services Ltd ADSL⚠ unverified | ₹12 Cr | -14% | Jun 2026 |
| Trident Techlabs Ltd TECHLABS | ₹11 Cr | 267% | Sep 2025 |
| Hypersoft Technologies Ltd 539724 | ₹10 Cr | 194% | Jun 2026 |
| Silver Touch Technologies Ltd SILVERTUC | ₹10 Cr | 150% | Jun 2026 |
| Metalic Technoforge Ltd META | ₹10 Cr | -9.1% | Mar 2026 |
| Veefin Solutions Ltd VEEFIN | ₹10 Cr | — | Jun 2026 |
| Excelsoft Technologies Ltd EXCELSOFT⚠ unverified | ₹9 Cr | 57% | Jun 2026 |
| Ksolves India Ltd KSOLVES⚠ unverified | ₹9 Cr | 43% | Jun 2026 |
| NINtec Systems Ltd NINSYS⚠ unverified | ₹9 Cr | 20% | Jun 2026 |
| Mindteck (India) Ltd MINDTECK⚠ unverified | ₹8 Cr | -4.5% | Jun 2026 |
| TAC Infosec Ltd TAC⚠ unverified | ₹8 Cr | 137% | Jun 2026 |
| Covance Softsol Ltd 544361 | ₹6 Cr | 1,241% | Mar 2026 |
| Danlaw Technologies India Ltd 532329 | ₹6 Cr | 71% | Jun 2026 |
| Exato Technologies Ltd 544626 | ₹6 Cr | 104% | Jun 2026 |
| Innovana Thinklabs Ltd INNOVANA⚠ unverified | ₹6 Cr | -58% | Jun 2026 |
| Orient Technologies Ltd ORIENTTECH⚠ unverified | ₹5 Cr | — | Jun 2026 |
| Unicommerce eSolutions Ltd UNIECOM⚠ unverified | ₹5 Cr | 20% | Jun 2026 |
| XT Global Infotech Ltd XTGLOBAL | ₹4 Cr | 0.5% | Dec 2025 |
| TechNVision Ventures Ltd TECHNVISN⚠ unverified | ₹3 Cr | 9,300% | Jun 2026 |
| Moschip Technologies Ltd MOSCHIP | ₹2 Cr | -78% | Jun 2026 |
| IDream Film Infrastructure Company Ltd 504375 | ₹1 Cr | — | Jun 2026 |
| RNIT AI Solutions Ltd AUTOPALIND | ₹1 Cr | 55% | Jun 2026 |
| Softtech Engineers Ltd SOFTTECH | ₹1 Cr | 4.5% | Jun 2026 |
| ERP Soft Systems Ltd 530909 | ₹0 Cr | -25% | Dec 2025 |
| Quick Heal Technologies Ltd QUICKHEAL⚠ unverified | ₹-5 Cr | 5,909% | Jun 2026 |
| Capillary Technologies India Ltd CAPILLARY | ₹-10 Cr | -1,373% | Jun 2026 |
| 63 Moons Technologies Ltd 63MOONS | ₹-48 Cr | 127% | Jun 2026 |
Full 20-quarter history · every available company
Net profit · reported quarter history
Showing the 12 largest of 64 companies with a series here. The remaining 52 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
ASM Technologies Ltd · 526433
—
—
—
—
—
₹1 Cr
₹0 Cr
₹0 Cr
₹-3 Cr
₹-1 Cr
₹-3 Cr
₹3 Cr
₹2 Cr
₹5 Cr
₹15 Cr
₹16 Cr
₹19 Cr
₹9 Cr
₹17 Cr
₹27 Cr
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
₹532 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
₹330 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
₹1 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
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
₹184 Cr
Profit 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.
ASM Technologies Ltd · 526433
—
—
—
—
—
—
—
—
—
-190%
—
—
—
—
—
433%
850%
80%
13%
69%
Birlasoft Ltd · BSOFT
—
—
6.1%
—
12%
-114%
-16%
14%
26%
—
61%
8.7%
-12%
-27%
-32%
-29%
-9.4%
2.6%
44%
52%
Coforge Ltd · COFORGE
—
—
31%
—
36%
20%
-48%
2.3%
-15%
3.0%
96%
-21%
24%
5.4%
34%
156%
82%
16%
117%
49%
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%
-13%
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%
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%
1.1%
10 · compare level, then change
Return On Capital Employed
Ksolves India Ltd has the highest ROCE among the 64 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. 64 of 64 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
Coverage64/64 companies · 567 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
ROCE changefastest improvers
Return on capital · company comparison
64/64 level · 64/64 change
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 15 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
| 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 | Jun 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 | Jun 2026 |
| Dynacons Systems & Solutions Ltd DSSL⚠ unverified | 30% | −4.1 pp | Jun 2026 |
| InfoBeans Technologies Ltd INFOBEAN⚠ unverified | 27% | +7.1 pp | Jun 2026 |
| Silver Touch Technologies Ltd SILVERTUC | 26% | +6.0 pp | Jun 2026 |
| Tanla Platforms Ltd TANLA | 24% | −1.9 pp | Jun 2026 |
| R Systems International Ltd RSYSTEMS | 24% | +0.9 pp | Jun 2026 |
| Hexaware Technologies Ltd HEXT | 23% | −3.0 pp | Jun 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 | Jun 2026 |
| LTM Ltd LTM | 22% | −0.8 pp | Jun 2026 |
| Saksoft Ltd SAKSOFT | 21% | +2.3 pp | Jun 2026 |
| Mphasis Ltd MPHASIS | 21% | −0.2 pp | Jun 2026 |
| Coforge Ltd COFORGE | 20% | +7.8 pp | Jun 2026 |
| Magellanic Cloud Ltd MCLOUD⚠ unverified | 19% | −6.3 pp | Jun 2026 |
| Birlasoft Ltd BSOFT | 18% | +1.4 pp | Jun 2026 |
| Kellton Tech Solutions Ltd KELLTONTEC⚠ unverified | 18% | −4.1 pp | Jun 2026 |
| Expleo Solutions Ltd EXPLEOSOL⚠ unverified | 17% | −1.5 pp | Jun 2026 |
| Wipro Ltd WIPRO | 17% | +1.6 pp | Jun 2026 |
| Zensar Technologies Ltd ZENSARTECH | 17% | −0.5 pp | Jun 2026 |
| Datamatics Global Services Ltd DATAMATICS | 16% | +5.8 pp | Jun 2026 |
| Xchanging Solutions Ltd XCHANGING⚠ unverified | 15% | +2.9 pp | Jun 2026 |
| Aurionpro Solutions Ltd AURIONPRO | 13% | −0.4 pp | Jun 2026 |
| Unicommerce eSolutions Ltd UNIECOM⚠ unverified | 13% | −9.3 pp | Jun 2026 |
| Innovana Thinklabs Ltd INNOVANA⚠ unverified | 11% | −10.4 pp | Jun 2026 |
| Mindteck (India) Ltd MINDTECK⚠ unverified | 11% | −1.0 pp | Jun 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 | Jun 2026 |
| IZMO Ltd IZMO⚠ unverified | 8.3% | +2.3 pp | Jun 2026 |
| Excelsoft Technologies Ltd EXCELSOFT⚠ unverified | 8.1% | −4.3 pp | Jun 2026 |
| TechNVision Ventures Ltd TECHNVISN⚠ unverified | 6.7% | +2.2 pp | Jun 2026 |
| Sasken Technologies Ltd SASKEN | 5.4% | +4.3 pp | Jun 2026 |
| AvenuesAI Ltd CCAVENUE | 5.0% | −0.8 pp | Jun 2026 |
| Allied Digital Services Ltd ADSL⚠ unverified | 4.9% | −1.0 pp | Jun 2026 |
| Subex Ltd SUBEXLTD⚠ unverified | 3.1% | +10.2 pp | Jun 2026 |
| Capillary Technologies India Ltd CAPILLARY | 2.8% | +1.3 pp | Jun 2026 |
| Quick Heal Technologies Ltd QUICKHEAL⚠ unverified | -9.9% | −6.7 pp | Jun 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
—
11 · compare level, then change
Valuation Against Growth & Quality
R Systems International Ltd has the lowest PEG among the 64 IT - Software companies compared here, at 0.26×. AvenuesAI Ltd is next at 0.37×. Kellton Tech Solutions Ltd has the lowest P/E at 8.01×, so level and change sit with different companies. 21 of 64 companies report a comparable reading, the latest through Jun 2026.
What the numbers say: R Systems International Ltd has the lowest comparable PEG at 0.26×, 29.7% below AvenuesAI Ltd. Only 21 of 64 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.
LeaderR Systems International Ltd · 0.26×
Gap29.7% versus #2 · AvenuesAI Ltd
Persistence0/8 recent comparable periods
Coverage21/64 companies · 178 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
P/Elowest P/E
Valuation · company comparison
21/64 level · 61/64 change
All-company data · latest reported quarter
| Company | 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 | 1.4 | 22.7 | Jun 2026 |
| Tanla Platforms Ltd TANLA | 1.2 | 13.6 | Jun 2026 |
| LTM Ltd LTM | 1.2 | 20.6 | Jun 2026 |
| Zensar Technologies Ltd ZENSARTECH | 1.1 | 16.5 | Jun 2026 |
| Silver Touch Technologies Ltd SILVERTUC | 1.1 | 65.7 | Jun 2026 |
| Hexaware Technologies Ltd HEXT | 0.8 | 20.6 | Jun 2026 |
| Sonata Software Ltd SONATSOFTW | 0.8 | 15.7 | Jun 2026 |
| Seshaasai Technologies Ltd STYL | 0.8 | 20.6 | Jun 2026 |
| Tech Mahindra Ltd TECHM | 0.8 | 28.2 | Jun 2026 |
| Datamatics Global Services Ltd DATAMATICS | 0.7 | 20.4 | Jun 2026 |
| Sasken Technologies Ltd SASKEN | 0.7 | 58.5 | Jun 2026 |
| Birlasoft Ltd BSOFT | 0.6 | 15.5 | Jun 2026 |
| Cigniti Technologies Ltd CIGNITITEC | 0.6 | 15.8 | Dec 2025 |
| Saksoft Ltd SAKSOFT | 0.6 | 15.5 | Jun 2026 |
| Coforge Ltd COFORGE | 0.6 | 30.4 | Jun 2026 |
| AvenuesAI Ltd CCAVENUE | 0.4 | 18.7 | Jun 2026 |
| R Systems International Ltd RSYSTEMS | 0.3 | 12.8 | Jun 2026 |
| ASM Technologies Ltd 526433 | — | 89.8 | Jun 2026 |
| ERP Soft Systems Ltd 530909 | — | 137.1 | Dec 2025 |
| Danlaw Technologies India Ltd 532329 | — | 21.4 | Jun 2026 |
| String Metaverse Ltd 534535 | — | 10.9 | Jun 2026 |
| Hypersoft Technologies Ltd 539724 | — | 439.8 | Jun 2026 |
| Covance Softsol Ltd 544361 | — | 14.5 | Mar 2026 |
| Exato Technologies Ltd 544626 | — | 23.8 | Jun 2026 |
| Infosys Ltd INFY | — | 14.0 | Jun 2026 |
| HCL Technologies Ltd HCLTECH | — | 17.2 | Jun 2026 |
| Mastek Ltd MASTEK | — | 11.5 | Jun 2026 |
| 63 Moons Technologies Ltd 63MOONS | — | 62.4 | Jun 2026 |
| Capillary Technologies India Ltd CAPILLARY | — | 675.5 | Jun 2026 |
| TechNVision Ventures Ltd TECHNVISN⚠ unverified | — | 935.9 | Jun 2026 |
| BLS E-Services Ltd BLSE | — | 35.6 | Jun 2026 |
| Kody Technolab Ltd KODYTECH⚠ unverified | — | 76.3 | Mar 2026 |
| Blue Cloud Softech Solutions Ltd BLUECLOUDS | — | 26.3 | Jun 2026 |
| Magellanic Cloud Ltd MCLOUD⚠ unverified | — | 13.9 | Jun 2026 |
| InfoBeans Technologies Ltd INFOBEAN⚠ unverified | — | 39.7 | Jun 2026 |
| Expleo Solutions Ltd EXPLEOSOL⚠ unverified | — | 9.6 | Jun 2026 |
| IZMO Ltd IZMO⚠ unverified | — | 31.9 | Jun 2026 |
| Dynacons Systems & Solutions Ltd DSSL⚠ unverified | — | 20.7 | Jun 2026 |
| NINtec Systems Ltd NINSYS⚠ unverified | — | 45.2 | Jun 2026 |
| Subex Ltd SUBEXLTD⚠ unverified | — | 21.3 | Jun 2026 |
| Orient Technologies Ltd ORIENTTECH⚠ unverified | — | 45.4 | Jun 2026 |
| TAC Infosec Ltd TAC⚠ unverified | — | 36.3 | Jun 2026 |
| Sahana Systems Ltd SAHANA⚠ unverified | — | 11.3 | Mar 2026 |
| Unicommerce eSolutions Ltd UNIECOM⚠ unverified | — | 49.2 | Jun 2026 |
| Excelsoft Technologies Ltd EXCELSOFT⚠ unverified | — | 17.5 | Jun 2026 |
| RNIT AI Solutions Ltd AUTOPALIND | — | 40.1 | Jun 2026 |
| Quick Heal Technologies Ltd QUICKHEAL⚠ unverified | — | 196.7 | Jun 2026 |
| Unified Data- Tech Solutions Ltd UNIFIED | — | 21.1 | Mar 2026 |
| Kellton Tech Solutions Ltd KELLTONTEC⚠ unverified | — | 8.9 | Jun 2026 |
| Xchanging Solutions Ltd XCHANGING⚠ unverified | — | 11.7 | Jun 2026 |
| Innovana Thinklabs Ltd INNOVANA⚠ unverified | — | 16.7 | Jun 2026 |
| Veefin Solutions Ltd VEEFIN | — | 36.1 | Jun 2026 |
| Softtech Engineers Ltd SOFTTECH | — | 123.2 | Jun 2026 |
| Ksolves India Ltd KSOLVES⚠ unverified | — | 19.7 | Jun 2026 |
| Allied Digital Services Ltd ADSL⚠ unverified | — | 17.7 | Jun 2026 |
| Mindteck (India) Ltd MINDTECK⚠ unverified | — | 19.6 | Jun 2026 |
| XT Global Infotech Ltd XTGLOBAL | — | 46.9 | Dec 2025 |
| Metalic Technoforge Ltd META | — | 10.3 | Mar 2026 |
| Trident Techlabs Ltd TECHLABS | — | 75.5 | Sep 2025 |
Full 20-quarter history · every available company
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
—
—
—
0.8
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
0.8
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
—
—
1.5
—
—
—
3.1
—
—
2.4
2.5
2.1
3.4
3.5
3.4
2.7
—
—
—
1.9
Tech Mahindra Ltd · TECHM
—
—
0.7
—
1.7
—
—
—
—
—
—
—
—
—
—
0.8
—
1.0
—
0.8
Wipro Ltd · WIPRO
1.1
1.1
1.4
—
—
—
—
—
—
—
—
—
—
—
—
1.0
—
1.4
—
—
Zensar Technologies Ltd · ZENSARTECH
—
0.4
0.3
—
0.3
—
—
—
—
0.5
—
—
—
1.1
4.3
2.0
—
1.1
—
—
P/E · 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.
ASM Technologies Ltd · 526433
77.7
50.1
29.7
—
40.6
38.3
38.4
59.9
84.4
357.5
362.7
—
—
—
—
118.3
129.9
80.8
52.1
89.8
Birlasoft Ltd · BSOFT
36.6
30.1
21.7
—
16.7
17.2
20.6
29.9
38.0
52.5
36.8
30.5
26.2
25.7
18.6
23.1
21.2
27.0
19.2
15.5
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
30.4
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
20.6
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
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
28.7
26.8
19.5
16.5
12 · 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. 4 of the 64 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.
- 4 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.
13 · evidence and freshness
How was this comparison built?
This comparison is built from the reported filings of 64 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 2026-09-11. 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 2026-09-11 · 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 standing22 cross-checked · 37 unverified · 5 withheld, of 64 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.
14 · questions investors ask, short speakable answers
IT - Software company comparison FAQs
These 24 answers restate the IT - Software comparison above in question form. Every one is computed from the same 64 companies and the same reported filings as the rankings and charts, current through Jun 2026. Price and relative-strength answers run through 2026-09-11. Nothing here is estimated, and none of it is a recommendation.
Is the IT - Software sector outperforming NIFTY 500?
IT - Software has underperformed NIFTY 500 by 3.1% over 52 weeks and 12.4% over 13 weeks. 20 of 58 covered companies beat NIFTY on Mansfield relative strength, while 15 of 52 beat the sector itself.
Which IT - Software company is largest by revenue?
Tata Consultancy Services Ltd leads with revenue of ₹2,75,859 crore, based on 58 of 64 comparable companies through Jun 2026.
Which IT - Software company is growing fastest?
String Metaverse Ltd has the fastest current revenue growth at 100%, across 56 of 64 comparable companies.
Which IT - Software company has the strongest 4-Factor Sector Score?
Coforge Ltd ranks first at 76.3/100 with 100% evidence confidence. The score prioritizes research; it is not a buy recommendation.
Which IT - Software company has the lowest comparable PEG?
R Systems International Ltd has the lowest comparable PEG at 0.26, among 21 of 64 companies whose earnings and growth are steady enough for the ratio to mean anything.
How much history does this IT - Software 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.
Is there a Nifty IT - Software index?
NSE India maintains Nifty indices for several broad sector categories — Nifty Bank, Nifty IT, Nifty Pharma and others — but not for every sub-sector grouping on this site. Whether or not an official Nifty index covers IT - Software, this page builds its own equal-weight basket of 64 listed IT - Software companies — one company, one vote, regardless of market value — so no single large company dominates the reading. Figures are as of Jun 2026.
Which are the best IT - Software stocks in India?
Ranked by this page's four-factor score, Coforge Ltd places first among 64 listed IT - Software companies, followed by Silver Touch 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 - Software stocks are listed in India?
This comparison covers 64 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 58 of 64 companies with comparable reporting through Jun 2026.
Which IT - Software company has the best profit margins?
TAC Infosec Ltd has the highest operating margin at 48.2%, from 64 of 64 comparable companies. 63 Moons Technologies Ltd shows the biggest improvement (+128 percentage points — see the chart above for the starting level). 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 58 of 64 comparable companies. Capillary Technologies India Ltd has the fastest profit growth at the ≥100% scoring cap, 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 64 of 64 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 PEG — where a LOWER number is cheaper — R Systems International Ltd screens cheapest at 0.26×. Only 21 of 64 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 - Software sector beating the market?
IT - Software has underperformed NIFTY 500 by 3.1% over the last 52 weeks and 12.4% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 20 of 58 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it.
Which IT - Software stock has the strongest price momentum?
ASM 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 - Software company scores highest for research priority?
Coforge Ltd scores 76.3 out of 100 with 100% evidence confidence, from 30 points on growth and earnings, 15.6 on capital efficiency, 12.3 on valuation and 18.4 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 64 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 - Software sector?
The 64 IT - Software companies on this page carry ₹22,87,617 crore of combined market value. Tata Consultancy Services Ltd is the largest at ₹7,96,269 crore, about 35% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-09-17.
What is the IT - Software sector's P/E ratio?
The median price-to-earnings ratio across the 64 IT - Software companies on this page is 21.4×, measured on the 61 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 2026-09-17.
How is the IT - Software sector performing?
20 of the 58 covered IT - Software companies are beating NIFTY 500 on Mansfield relative strength. The sector itself is 3.1% behind NIFTY 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-09-17.
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.
Not SEBI Registered !! Not Investment advice !!