IT - Software
164 companies · ₹24.7 L cr · 10 with AI deep dives
5y revenue CAGR
median 14.28%(p25 2.73% · p75 25.22%)
5y avg ROCE
median 12.5%(p25 0.75% · p75 21.94%)
Debt / equity
median 0.14x(p25 0.03x · p75 0.42x)
AI sector brief
from the bucket's latest earnings calls · as of 2026-03-31tailwindAI revenues and pipelines scaling from pilots to enterprise deployment6 managements
Six managements independently cited accelerating AI adoption as a revenue or pipeline driver. TCS reported annualised AI revenues crossing $2.3 billion with a shift 'from…
- TCS (Q4 FY26): “In Q4, our annualized AI revenues surpassed $2.3 billion, driven by the accelerated…”
headwind4 managements🔒headwind4 managements🔒tailwind3 managements🔒tailwind3 managements🔒headwind3 managements🔒headwind2 managements🔒headwind2 managements🔒
7 more themes from this quarter's earnings calls are locked. A free account opens the full brief: every theme with verbatim management quotes, the demand picture, companies running against the tide, and the regulatory & disruption watch. Sign up free →
| Company | Mcap | AI verdict | Signals | Stated KPIs (latest call) |
|---|---|---|---|---|
| Tata Consultancy Services Ltd | ₹7.8 L cr | 🔒 unlock to view | roce compounderearnings quality strongit cash machineit growth slowdown | |
| Infosys Ltd | ₹4.5 L cr | 🔒 unlock to view | roce compoundermargin under pressureearnings quality strongit cash machine | |
| HCL Technologies Ltd | ₹3.0 L cr | 🔒 unlock to view | roce compoundermargin under pressureearnings quality strongnet cash | |
| Wipro Ltd | ₹1.9 L cr | - | margin under pressureearnings quality strongit growth slowdown | |
| Tech Mahindra Ltd | ₹1.4 L cr | - | margin under pressureearnings quality strongnet cashstory tension | |
| LTM Ltd | ₹1.1 L cr | - | roce compoundermargin under pressure | |
| Oracle Financial Services Software Ltd | ₹81,508 cr | 🔒 unlock to view | roce compoundermargin under pressureit cash machine | |
| Persistent Systems Ltd | ₹76,067 cr | 🔒 unlock to view | roce compounder | |
| Coforge Ltd | ₹58,862 cr | 🔒 unlock to view | earnings quality strongnet cash | |
| Mphasis Ltd | ₹43,450 cr | 🔒 unlock to view | roce compounderearnings quality strongit growth slowdown | |
| Hexaware Technologies Ltd | ₹30,459 cr | - | roce compounderearnings quality strong | |
| Tata Elxsi Ltd | ₹25,386 cr | 🔒 unlock to view | roce compoundermargin under pressureit cash machine | |
| KPIT Technologies Ltd | ₹20,566 cr | - | roce compounderearnings quality strongit cash machine | |
| Fractal Analytics Ltd | ₹16,321 cr | 🔒 unlock to view | earnings quality strongnet cash | |
| Intellect Design Arena Ltd | ₹10,378 cr | - | capex coming onlinemargin under pressureearnings quality strongnet cash | |
| Zensar Technologies Ltd | ₹10,294 cr | - | earnings quality strongit growth slowdown | |
| Rategain Travel Technologies Ltd | ₹9,252 cr | - | latent operating leveragestory tension | |
| Birlasoft Ltd | ₹8,872 cr | - | earnings quality strongnet cashit growth slowdown | |
| Sonata Software Ltd | ₹7,151 cr | - | roce compounderearnings quality strong | |
| Tanla Platforms Ltd | ₹6,817 cr | - | roce compoundermargin under pressure | |
| Newgen Software Technologies Ltd | ₹6,625 cr | - | roce compounderit cash machine | |
| Latent View Analytics Ltd | ₹6,270 cr | - | latent operating leveragenet cash | |
| Happiest Minds Technologies Ltd | ₹5,345 cr | - | latent operating leverageearnings quality stronglevering up | |
| Asm Technologies Ltd | ₹5,036 cr | - | earnings quality strongdeleveragingstory tension | |
| Mastek Ltd | ₹4,910 cr | - | earnings quality strong | |
| C.E. Info Systems Ltd | ₹4,620 cr | - | roce compounder | |
| Aurionpro Solutions Ltd | ₹4,301 cr | - | latent operating leveragenet cash | |
| Capillary Technologies India Ltd | ₹4,058 cr | - | earnings quality strongnet cashit cash machine | |
| TechNVision Ventures Ltd | ₹3,418 cr | - | latent operating leveragemargin under pressureearnings quality stronglevering up | |
| 63 Moons Technologies Ltd | ₹3,046 cr | - | margin under pressurenet cashstory tensionit growth slowdown | |
| Silver Touch Technologies Ltd | ₹2,521 cr | - | earnings quality weak | |
| Ramco Systems Ltd | ₹2,107 cr | - | story tension | |
| Nucleus Software Exports Ltd | ₹1,960 cr | - | ||
| Saksoft Ltd | ₹1,836 cr | - | latent operating leverageroce compounderearnings quality strongnet cash | |
| Hypersoft Technologies Ltd | ₹1,757 cr | - | ||
| Accelya Solutions India Ltd | ₹1,649 cr | - | roce compounderearnings quality strongit cash machine | |
| InfoBeans Technologies Ltd | ₹1,648 cr | 🔒 unlock to view | margin under pressureearnings quality strongstory tensionit cash machine | |
| Axis Solutions Ltd | ₹1,591 cr | - | ||
| Magellanic Cloud Ltd | ₹1,503 cr | - | roce compounderearnings quality strongdeleveragingstory tension | |
| Blue Cloud Softech Solutions Ltd | ₹1,362 cr | - | earnings quality strong | |
| Kody Technolab Ltd | ₹1,341 cr | - | capex coming onlinenet cash | |
| NINtec Systems Ltd | ₹1,298 cr | - | roce compoundernet cash | |
| Unicommerce eSolutions Ltd | ₹1,011 cr | - | earnings quality strongit cash machine | |
| Quick Heal Technologies Ltd | ₹927 cr | - | earnings quality strongcapital destroyerit growth slowdown | |
| TAC Infosec Ltd | ₹738 cr | - | capex coming onlineroce compoundernet cashit cash machine | |
| Xchanging Solutions Ltd | ₹700 cr | - | it cash machineit growth slowdown | |
| Ksolves India Ltd | ₹674 cr | 🔒 unlock to view | roce compoundernet cashit cash machine | |
| Innovana Thinklabs Ltd | ₹671 cr | - | capex coming onlineearnings quality weaknet cash | |
| Mindteck (India) Ltd | ₹662 cr | - | ||
| Subex Ltd | ₹591 cr | - | it growth slowdown | |
| Softtech Engineers Ltd | ₹567 cr | - | margin under pressureearnings quality strong | |
| Rnit Ai Solutions Ltd | ₹492 cr | - | earnings quality weak | |
| IRIS Regtech Solutions Ltd | ₹489 cr | - | capex coming onlinenet cashit cash machine | |
| Mobavenue Ai Tech Ltd | ₹478 cr | - | capex coming onlineearnings quality strongnet cash | |
| Cybertech Systems & Software Ltd | ₹421 cr | - | earnings quality strongnet cash | |
| ABM Knowledgeware Ltd | ₹406 cr | - | earnings quality weakcapital destroyer | |
| Virtual Galaxy Infotech Ltd | ₹398 cr | - | roce compounderearnings quality strong | |
| XT Global Infotech Ltd | ₹386 cr | - | ||
| Workmates Core2cloud Solution Ltd | ₹382 cr | - | roce compounderearnings quality weak | |
| 3i Infotech Ltd | ₹359 cr | - | it growth slowdown | |
| Covance Softsol Ltd | ₹348 cr | - | earnings quality weak | |
| Trejhara Solutions Ltd | ₹340 cr | - | latent operating leveragemargin under pressurenet cash | |
| Systango Technologies Ltd | ₹323 cr | - | roce compoundernet cashit cash machine | |
| Alphalogic Techsys Ltd | ₹309 cr | - | latent operating leveragecapex coming onlinelevering up | |
| Artificial Electronics Intelligent Material Ltd | ₹298 cr | - | deleveraging | |
| All E Technologies Ltd | ₹292 cr | - | capex coming onlineroce compoundernet cash | |
| Capitalnumbers Infotech Ltd | ₹269 cr | - | ||
| Empower India Ltd | ₹227 cr | - | ||
| Atishay Ltd | ₹223 cr | - | net cash | |
| Trident Techlabs Ltd | ₹223 cr | - | earnings quality strong | |
| Fidel Softech Ltd | ₹220 cr | - | roce compounder | |
| Ace Software Exports Ltd | ₹217 cr | - | latent operating leveragecapex coming online | |
| Aion-Tech Solutions Ltd | ₹216 cr | - | latent operating leveragestory tension | |
| Ace Alpha Tech Ltd | ₹209 cr | - | capex coming onlineroce compounderearnings quality weak | |
| DRC Systems India Ltd | ₹205 cr | - | latent operating leverageroce compounderearnings quality strong | |
| Avance Technologies Ltd | ₹194 cr | - | ||
| Equippp Social Impact Technologies Ltd | ₹190 cr | - | levering up | |
| Gtt Data Solutions Ltd | ₹172 cr | - | ||
| Trigyn Technologies Ltd | ₹169 cr | - | margin under pressureearnings quality strongnet cashcapital destroyer | |
| Shradha Ai Technologies Ltd | ₹167 cr | - | ||
| Virinchi Ltd | ₹165 cr | - | earnings quality strongcapital destroyerit growth slowdown | |
| Methodhub Software Ltd | ₹162 cr | - | net cash | |
| Omega Interactive Technologies Ltd | ₹154 cr | - | net cash | |
| SecMark Consultancy Ltd | ₹136 cr | - | earnings quality strong | |
| Xelpmoc Design and Tech Ltd | ₹127 cr | - | margin under pressureit growth slowdown | |
| California Software Company Ltd | ₹124 cr | - | net cashstory tension | |
| Focus Business Solution Ltd | ₹124 cr | - | net cash | |
| Canarys Automations Ltd | ₹113 cr | - | capex coming onlineearnings quality weaknet cash | |
| Silverline Technologies Ltd | ₹108 cr | - | capex coming online | |
| Delaplex Ltd | ₹95 cr | - | capex coming onlineroce compounderearnings quality strong | |
| Cg-vak Software & Exports Ltd | ₹91 cr | - | earnings quality strongcyclical peak base | |
| Athena Global Technologies Ltd | ₹91 cr | - | latent operating leveragemargin under pressuredeleveragingcapital destroyer | |
| Bits Ltd | ₹90 cr | - | latent operating leverageearnings quality strongstory tension | |
| Mobilise App Lab Ltd | ₹88 cr | - | roce compounderearnings quality strongnet cashit cash machine | |
| Covidh Technologies Ltd | ₹84 cr | - | earnings quality strong | |
| R S Software (India) Ltd | ₹81 cr | - | latent operating leveragecapital destroyer | |
| Cura Technologies Ltd | ₹79 cr | - | ||
| Naapbooks Ltd | ₹78 cr | - | capex coming onlinenet cash | |
| Accel Ltd | ₹76 cr | - | earnings quality strong | |
| Trust Fintech Ltd | ₹74 cr | - | capex coming onlineearnings quality weaknet cash |