3 Data and Digital Operations, Analytics Engineering and Automotive R&D Stocks With a Strong Future Roadmap: eClerx Services, Latent View Analytics and KPIT Technologies
- October 22, 2026
- Posted by: Lakshit Sharma
- Category: Best Stocks
eClerx Services, Latent View Analytics and KPIT Technologies: ROE of 11.3% to 27.6% and FY22 to FY26 revenue CAGR of 6.4% to 27.6%. Prices as of 21 Oct 2026.
Quick Answer
The three data and engineering services stocks to watch are eClerx Services, Latent View Analytics and KPIT Technologies. Their return on equity ranges from 11.3% to 27.6%, and their revenue compound annual growth from FY22 to FY26 ranges from 6.4% to 27.6%. eClerx Services has the highest return on equity at 27.6%, while Latent View Analytics has the fastest revenue growth at 27.6% a year. Prices are based on the 21 October 2026 close, and this article is educational, not investment advice.
Data and engineering services stocks let investors follow companies that turn data and software talent into services for global clients. eClerx Services, Latent View Analytics and KPIT Technologies cover data and digital operations, analytics engineering and automotive software research.
This list covers three data and engineering services stocks with complete current figures: eClerx Services, Latent View Analytics and KPIT Technologies. Every figure comes from the latest reported financials and the 21 October 2026 market close. Companies without complete current figures were left out.
Click Here – Get Free Investment Predictions
What Are Data and Engineering Services Stocks?
Data and engineering services stocks are listed companies that provide analytics, digital operations and software engineering services to financial, consumer, technology and automotive clients. Their earnings depend on client budgets, project wins and the use of skilled teams.
Data and Engineering Services Stocks at a Glance
| Company | CMP (Rs) | Market Cap (Rs Cr) | P/E | Industry P/E | ROE (%) | D/E |
|---|---|---|---|---|---|---|
| eClerx Services | 1,928.7 | 18,062 | 24.8 | 17.5 | 27.6 | 0.15 |
| Latent View Analytics | 234.24 | 4,968 | 25.0 | 17.5 | 11.3 | 0.02 |
| KPIT Technologies | 544.7 | 8,751 | 15.3 | 17.5 | 12.6 | 0.03 |
On valuation, KPIT Technologies trades at a P/E below the industry P/E, while eClerx Services and Latent View Analytics trade above it, which reflects the growth the market already expects. Readers comparing data and engineering services stocks should look at return on equity and debt together, since a high return earned with low debt is easier to sustain.
Why Do Data and Engineering Services Stocks Have a Strong Roadmap in India?
Data and engineering services stocks have a strong roadmap in India because global companies are investing in data, artificial intelligence and software-defined products and need large pools of skilled engineers.
- Data and AI spending. Enterprises are building analytics and AI capability.
- Software-defined products. Vehicle makers and others are shifting spend to software.
- Skilled talent. India offers engineers at scale across analytics and R&D.
Why eClerx Services Features Among These Data and Engineering Services Stocks
Among the data and engineering services stocks on this list, eClerx Services, based in Mumbai, offers data analytics, digital operations and process services to financial services, retail and technology clients.
In the June 2026 quarter, revenue grew 23.8% year on year to Rs 1,170 crore, while net profit rose 16.0% to Rs 164 crore. Revenue rose from Rs 2,185 crore in FY22 to Rs 4,218 crore in FY26, a compound annual growth rate of 17.9%.
Net profit grew from Rs 418 crore in FY22 to Rs 706 crore in FY26, which works out to a compound annual growth rate of 14.0%. The company has a return on equity of 27.6%, a debt to equity ratio of 0.15 and a market capitalisation of Rs 18,062 crore. The stock trades at a P/E of 24.8, above the industry P/E of 17.5.
Roadmap: Clients are buying more data and automation work, and eClerx is adding artificial intelligence-led offerings. A balance sheet with little debt and high returns on capital gives it flexibility to invest and return cash.
What to watch: Monitor client additions and growth in digital offerings.
Why Latent View Analytics Features Among These Data and Engineering Services Stocks
Among the analytics services shares on this list, Latent View Analytics, headquartered in Chennai, provides data analytics, engineering and artificial intelligence services to technology, consumer and financial clients worldwide.
The company has a return on equity of 11.3%, a debt to equity ratio of 0.02 and a market capitalisation of Rs 4,968 crore. The stock trades at a P/E of 25.0, above the industry P/E of 17.5.
Revenue rose from Rs 429 crore in FY22 to Rs 1,136 crore in FY26, a compound annual growth rate of 27.6%. Net profit grew from Rs 130 crore in FY22 to Rs 202 crore in FY26, which works out to a compound annual growth rate of 11.8%. In the June 2026 quarter, revenue grew 18.8% year on year to Rs 308 crore.
Roadmap: Enterprises are investing in analytics and artificial intelligence, which feeds demand for data services. The company is widening its client list and scaling large accounts with a consulting and engineering model.
What to watch: Follow client additions and the growth of large accounts.
Why KPIT Technologies Features Among These Data and Engineering Services Stocks
Among the three companies on this list, KPIT Technologies is a Pune-based provider of software and engineering services to vehicle makers, focusing on software-defined vehicles, electrification, connected systems and driver assistance.
Revenue rose from Rs 4,197 crore in FY22 to Rs 5,375 crore in FY26, a compound annual growth rate of 6.4%. Net profit grew from Rs 332 crore in FY23 to Rs 518 crore in FY26, which works out to a compound annual growth rate of 16.1%.
In the June 2026 quarter, revenue grew 6.9% year on year to Rs 1,408 crore, while net profit rose 51.3% to Rs 161 crore. The company has a return on equity of 12.6%, a debt to equity ratio of 0.03 and a market capitalisation of Rs 8,751 crore. The stock trades at a P/E of 15.3, below the industry P/E of 17.5.
Roadmap: Global vehicle makers are spending more on software as vehicles become electric and connected, and the company works with many of the leading names. Its specialised talent and long-term programmes give it visibility across multiple years.
What to watch: Monitor deal wins with global vehicle makers and trends in engineering spending.
eClerx Services vs Latent View Analytics vs KPIT Technologies on Key Financials
The table below sets the three data and engineering services stocks side by side on revenue, profit and margin, using reported figures.
| Company | FY22 Revenue (Rs Cr) | FY26 Revenue (Rs Cr) | Revenue CAGR (FY22-FY26) | FY26 Net Profit (Rs Cr) | FY26 Net Margin |
|---|---|---|---|---|---|
| eClerx Services | 2,185 | 4,218 | 17.9% | 706 | 16.7% |
| Latent View Analytics | 429 | 1,136 | 27.6% | 202 | 17.8% |
| KPIT Technologies | 4,197 | 5,375 | 6.4% | 518 | 9.6% |
eClerx Services posts the highest return on equity in this group at 27.6%. KPIT Technologies has the largest FY26 revenue at Rs 5,375 crore, and Latent View Analytics shows the fastest revenue growth with a 27.6% compound annual rate. A useful habit with data and engineering services stocks is to check each new quarterly result against the capacity plans the company described earlier.
The June 2026 quarter, the latest reported, gives a fresh read on momentum:
| Company | Q1 FY26 Revenue (Rs Cr) | Q1 FY27 Revenue (Rs Cr) | Year-on-Year Growth |
|---|---|---|---|
| eClerx Services | 945 | 1,170 | 23.8% |
| Latent View Analytics | 259 | 308 | 18.8% |
| KPIT Technologies | 1,318 | 1,408 | 6.9% |
Key Risks to Check Before Investing in Data and Engineering Services Stocks
Every theme carries risks that deserve a check before any decision. For these data and engineering services stocks, the main points are: Long-term analytics services shares holders usually track revenue growth, margins and cash flow side by side rather than relying on a single ratio.
- Client budgets. Technology spending can slow when customers delay projects.
- Talent costs. Competition for skilled engineers can affect margins.
- Valuation levels. Some of these companies trade at high earnings multiples, so growth must continue to justify them.
Treat this list as a starting point for research and not as a recommendation. Read the latest results presentation, check the management commentary on order books or capacity plans, and compare each company with its peers before you decide anything.
Use the Univest Stock Screener to filter data and engineering services stocks by market capitalisation, P/E, ROE and growth, and build your own shortlist.
Final Thoughts on Data and Engineering Services Stocks
Data and engineering services stocks reward investors who follow deal wins, utilisation and margins together. eClerx Services, Latent View Analytics and KPIT Technologies each serve global clients with specialised skills. Based on the 21 October 2026 close, eClerx Services trades at Rs 1,928.7, Latent View Analytics at Rs 234.24 and KPIT Technologies at Rs 544.7. Valuation matters as much as growth, so compare each company’s P/E with its industry P/E before adding any of these data and engineering services stocks to a watchlist.
Download the Univest iOS App or Univest Android App to track data and engineering services stocks, set price alerts and get research-backed stock ideas.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
What are data and engineering services stocks?
Ans. Data and engineering services stocks are listed companies that provide analytics, digital operations and software engineering services to financial, consumer, technology and automotive clients. Their earnings depend on client budgets, project wins and the use of skilled teams. This list looks at three of them, eClerx Services, Latent View Analytics and KPIT Technologies, using reported FY22 to FY26 financials and the 21 October 2026 closing prices.
Which data and engineering services stocks are covered in this list?
Ans. This list covers eClerx Services, Latent View Analytics and KPIT Technologies. Based on the 21 October 2026 close, eClerx Services traded at Rs 1,928.7, Latent View Analytics at Rs 234.24 and KPIT Technologies at Rs 544.7. Their return on equity ranges from 11.3% to 27.6%, and their revenue compound annual growth from FY22 to FY26 ranges from 6.4% to 27.6%.
Why do data and engineering services stocks have a strong future roadmap in India?
Ans. Data and engineering services stocks have a strong roadmap in India because global companies are investing in data, artificial intelligence and software-defined products and need large pools of skilled engineers. The main drivers are as follows. Data and AI spending. Enterprises are building analytics and AI capability. Software-defined products. Vehicle makers and others are shifting spend to software. Skilled talent. India offers engineers at scale across analytics and R&D. Together these factors give the companies on this list a visible path for growth over the coming years.
How has eClerx Services performed financially?
Ans. Revenue rose from Rs 2,185 crore in FY22 to Rs 4,218 crore in FY26, a compound annual growth rate of 17.9%. Net profit grew from Rs 418 crore in FY22 to Rs 706 crore in FY26, which works out to a compound annual growth rate of 14.0%. In the June 2026 quarter, revenue grew 23.8% year on year to Rs 1,170 crore, while net profit rose 16.0% to Rs 164 crore. The company has a return on equity of 27.6%, a debt to equity ratio of 0.15 and a market capitalisation of Rs 18,062 crore. The stock trades at a P/E of 24.8, above the industry P/E of 17.5. Looking ahead, clients are buying more data and automation work, and eClerx is adding artificial intelligence-led offerings. A balance sheet with little debt and high returns on capital gives it flexibility to invest and return cash.
How has Latent View Analytics performed financially?
Ans. Revenue rose from Rs 429 crore in FY22 to Rs 1,136 crore in FY26, a compound annual growth rate of 27.6%. Net profit grew from Rs 130 crore in FY22 to Rs 202 crore in FY26, which works out to a compound annual growth rate of 11.8%. In the June 2026 quarter, revenue grew 18.8% year on year to Rs 308 crore. The company has a return on equity of 11.3%, a debt to equity ratio of 0.02 and a market capitalisation of Rs 4,968 crore. The stock trades at a P/E of 25.0, above the industry P/E of 17.5. Looking ahead, enterprises are investing in analytics and artificial intelligence, which feeds demand for data services. The company is widening its client list and scaling large accounts with a consulting and engineering model.
How has KPIT Technologies performed financially?
Ans. Revenue rose from Rs 4,197 crore in FY22 to Rs 5,375 crore in FY26, a compound annual growth rate of 6.4%. Net profit grew from Rs 332 crore in FY23 to Rs 518 crore in FY26, which works out to a compound annual growth rate of 16.1%. In the June 2026 quarter, revenue grew 6.9% year on year to Rs 1,408 crore, while net profit rose 51.3% to Rs 161 crore. The company has a return on equity of 12.6%, a debt to equity ratio of 0.03 and a market capitalisation of Rs 8,751 crore. The stock trades at a P/E of 15.3, below the industry P/E of 17.5. Looking ahead, global vehicle makers are spending more on software as vehicles become electric and connected, and the company works with many of the leading names. Its specialised talent and long-term programmes give it visibility across multiple years.
What risks should investors check before buying data and engineering services stocks?
Ans. Investors should check a few risks before buying data and engineering services stocks. Client budgets. Technology spending can slow when customers delay projects. Talent costs. Competition for skilled engineers can affect margins. Valuation levels. Some of these companies trade at high earnings multiples, so growth must continue to justify them. Reading the latest results presentation and comparing each company with its peers helps judge how these risks apply to each stock.
Is this list of data and engineering services stocks investment advice?
Ans. No. This article is educational and uses publicly available data as of the 21 October 2026 close. Please verify figures on NSE and BSE, read company filings and consult a SEBI registered adviser before investing. Univest is SEBI registered research analyst INH000013776.