3 Enterprise Software Solutions Provider, Microsoft Ecosystem Specialist and Largest Indian IT Services Company Stocks With a Strong Future Roadmap: Mastek, Sonata Software and Tata Consultancy Services
- October 28, 2026
- Posted by: Lakshit Sharma
- Category: Best Stocks
Mastek, Sonata Software and Tata Consultancy Services: ROE of 13.5% to 43.4% and FY22 to FY26 revenue CAGR of 8.5% to 17.6%. Prices as of 27 Oct 2026.
Quick Answer
The three enterprise software and IT consulting stocks to watch are Mastek, Sonata Software and Tata Consultancy Services. Their return on equity ranges from 13.5% to 43.4%, and their revenue compound annual growth from FY22 to FY26 ranges from 8.5% to 17.6%. Tata Consultancy Services has the highest return on equity at 43.4%, while Sonata Software has the fastest revenue growth at 17.6% a year. Prices are based on the 27 October 2026 close, and this article is educational, not investment advice.
Enterprise software and IT consulting stocks offer a focused view of a sector where demand keeps widening. Mastek, Sonata Software and Tata Consultancy Services cover an enterprise software solutions provider, a Microsoft ecosystem specialist and the largest Indian IT services company.
This list covers three enterprise software and IT consulting stocks with complete current figures: Mastek, Sonata Software and Tata Consultancy Services. Every figure comes from the latest reported financials and the 27 October 2026 market close. Companies without complete current figures were left out.
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What Are Enterprise Software and IT Consulting Stocks?
Enterprise software and IT consulting stocks are listed technology companies that build enterprise software, cloud applications and platform solutions for clients in the United Kingdom, the United States and India. Their earnings depend on client technology budgets, deal wins, utilisation and currency.
Enterprise Software and IT Consulting Stocks at a Glance
| Company | CMP (Rs) | Market Cap (Rs Cr) | P/E | Industry P/E | ROE (%) | D/E |
|---|---|---|---|---|---|---|
| Mastek | 1,539.9 | 5,673 | 13.6 | 17.9 | 13.5 | 0.15 |
| Sonata Software | 231.45 | 6,732 | 14.5 | 17.5 | 26.7 | 0.38 |
| Tata Consultancy Services | 2,496.9 | 904,522 | 17.4 | 17.6 | 43.4 | 0.10 |
On valuation, all three trade at a P/E below their industry P/E, which means the market is pricing them at a lower multiple than their peer group. Readers comparing enterprise software and IT consulting stocks should look at return on equity and debt together, since a high return earned with low debt is easier to sustain.
Why Do Enterprise Software and IT Consulting Stocks Have a Strong Roadmap in India?
Enterprise software and IT consulting stocks have a strong roadmap in India because cloud adoption, platform modernisation and large enterprise software programmes keep widening the market for Indian technology firms.
- Cloud applications. Enterprises move core systems to the cloud.
- Platform work. Modernisation adds multi-year revenue.
- Public sector projects. Government clients fund digital services.
Why Mastek Features Among These Enterprise Software and IT Consulting Stocks
Among the enterprise software and IT consulting stocks on this list, Mastek is a digital engineering and cloud services company that serves clients in the United Kingdom, the United States and other regions, with a strong presence in public sector, retail and financial services.
Revenue rose from Rs 2,220 crore in FY22 to Rs 3,769 crore in FY26, a compound annual growth rate of 14.2%. Net profit grew from Rs 310 crore in FY23 to Rs 404 crore in FY26, which works out to a compound annual growth rate of 9.2%.
In the June 2026 quarter, revenue grew 7.8% year on year to Rs 997 crore, while net profit rose 15.0% to Rs 106 crore. The company has a return on equity of 13.5%, a debt to equity ratio of 0.15 and a market capitalisation of Rs 5,673 crore. The stock trades at a P/E of 13.6, below the industry P/E of 17.9.
Roadmap: The company is expanding its cloud, data and software engineering work and deepening ties with existing clients. A focus on repeat engagements supports steady revenue.
What to watch: Follow client additions, order book momentum and growth in cloud and data services.
Why Sonata Software Features Among These Enterprise Software and IT Consulting Stocks
Among the cloud application and consulting shares on this list, Sonata Software, based in Bengaluru, is a technology services company with a focus on the Microsoft ecosystem and a platform-led approach it calls modernisation.
In the June 2026 quarter, revenue grew 9.9% year on year to Rs 3,286 crore. Revenue rose from Rs 5,655 crore in FY22 to Rs 10,806 crore in FY26, a compound annual growth rate of 17.6%.
Net profit grew from Rs 376 crore in FY22 to Rs 464 crore in FY26, which works out to a compound annual growth rate of 5.4%. The company has a return on equity of 26.7%, a debt to equity ratio of 0.38 and a market capitalisation of Rs 6,732 crore. The stock trades at a P/E of 14.5, below the industry P/E of 17.5.
Roadmap: Its strategy centres on cloud, data and artificial intelligence projects for retail, travel and manufacturing clients. A strong partner relationship with Microsoft and a pipeline of large deals support its roadmap.
What to watch: Monitor deal wins and trends in the domestic business.
Why Tata Consultancy Services Features Among These Enterprise Software and IT Consulting Stocks
Among the three companies on this list, Tata Consultancy Services is India’s largest information technology services company, offering consulting, application development, cloud, data and business process services to global clients from the Tata group.
The company has a return on equity of 43.4%, a debt to equity ratio of 0.10 and a market capitalisation of Rs 904,522 crore. The stock trades at a P/E of 17.4, below the industry P/E of 17.6.
Revenue rose from Rs 195,772 crore in FY22 to Rs 271,423 crore in FY26, a compound annual growth rate of 8.5%. Net profit grew from Rs 38,449 crore in FY22 to Rs 49,454 crore in FY26, which works out to a compound annual growth rate of 6.5%.
Roadmap: The company is investing in artificial intelligence, cloud and data capabilities and in large multi-year transformation programmes with global clients. A broad client base across industries gives its revenue stability.
What to watch: Track order book trends, demand for artificial intelligence services and currency movements.
Mastek vs Sonata Software vs Tata Consultancy Services on Key Financials
The table below sets the three enterprise software and IT consulting 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 |
|---|---|---|---|---|---|
| Mastek | 2,220 | 3,769 | 14.2% | 404 | 10.7% |
| Sonata Software | 5,655 | 10,806 | 17.6% | 464 | 4.3% |
| Tata Consultancy Services | 195,772 | 271,423 | 8.5% | 49,454 | 18.2% |
Tata Consultancy Services posts the highest return on equity in this group at 43.4%. Tata Consultancy Services has the largest FY26 revenue at Rs 271,423 crore, and Sonata Software shows the fastest revenue growth with a 17.6% compound annual rate. A useful habit with enterprise software and IT consulting stocks is to check each new quarterly result against the capacity plans the company described earlier.
Key Risks to Check Before Investing in Enterprise Software and IT Consulting Stocks
Every theme carries risks that deserve a check before any decision. For these enterprise software and IT consulting stocks, the main points are:
- Deal timing. Large contracts can shift between periods.
- Valuation levels. Some of these companies trade at high earnings multiples, so growth must continue to justify them.
- Currency moves. Export earnings move with the rupee.
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 enterprise software and IT consulting stocks by market capitalisation, P/E, ROE and growth, and build your own shortlist.
Final Thoughts on Enterprise Software and IT Consulting Stocks
Enterprise software and IT consulting stocks reward patient research into demand, execution and financial strength. Mastek, Sonata Software and Tata Consultancy Services each have a clear plan to expand. Based on the 27 October 2026 close, Mastek trades at Rs 1,539.9, Sonata Software at Rs 231.45 and Tata Consultancy Services at Rs 2,496.9.
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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 enterprise software and IT consulting stocks?
Ans. Enterprise software and IT consulting stocks are listed technology companies that build enterprise software, cloud applications and platform solutions for clients in the United Kingdom, the United States and India. Their earnings depend on client technology budgets, deal wins, utilisation and currency. This list looks at three of them, Mastek, Sonata Software and Tata Consultancy Services, using reported FY22 to FY26 financials and the 27 October 2026 closing prices.
Which enterprise software and IT consulting stocks are covered in this list?
Ans. This list covers Mastek, Sonata Software and Tata Consultancy Services. Based on the 27 October 2026 close, Mastek traded at Rs 1,539.9, Sonata Software at Rs 231.45 and Tata Consultancy Services at Rs 2,496.9. Their return on equity ranges from 13.5% to 43.4%, and their revenue compound annual growth from FY22 to FY26 ranges from 8.5% to 17.6%.
Why do enterprise software and IT consulting stocks have a strong future roadmap in India?
Ans. Enterprise software and IT consulting stocks have a strong roadmap in India because cloud adoption, platform modernisation and large enterprise software programmes keep widening the market for Indian technology firms. The main drivers are as follows. Cloud applications. Enterprises move core systems to the cloud. Platform work. Modernisation adds multi-year revenue. Public sector projects. Government clients fund digital services. Together these factors give the companies on this list a visible path for growth over the coming years.
How has Mastek performed financially?
Ans. Revenue rose from Rs 2,220 crore in FY22 to Rs 3,769 crore in FY26, a compound annual growth rate of 14.2%. Net profit grew from Rs 310 crore in FY23 to Rs 404 crore in FY26, which works out to a compound annual growth rate of 9.2%. In the June 2026 quarter, revenue grew 7.8% year on year to Rs 997 crore, while net profit rose 15.0% to Rs 106 crore. The company has a return on equity of 13.5%, a debt to equity ratio of 0.15 and a market capitalisation of Rs 5,673 crore. The stock trades at a P/E of 13.6, below the industry P/E of 17.9. Looking ahead, the company is expanding its cloud, data and software engineering work and deepening ties with existing clients. A focus on repeat engagements supports steady revenue.
How has Sonata Software performed financially?
Ans. Revenue rose from Rs 5,655 crore in FY22 to Rs 10,806 crore in FY26, a compound annual growth rate of 17.6%. Net profit grew from Rs 376 crore in FY22 to Rs 464 crore in FY26, which works out to a compound annual growth rate of 5.4%. In the June 2026 quarter, revenue grew 9.9% year on year to Rs 3,286 crore. The company has a return on equity of 26.7%, a debt to equity ratio of 0.38 and a market capitalisation of Rs 6,732 crore. The stock trades at a P/E of 14.5, below the industry P/E of 17.5. Looking ahead, its strategy centres on cloud, data and artificial intelligence projects for retail, travel and manufacturing clients. A strong partner relationship with Microsoft and a pipeline of large deals support its roadmap.
How has Tata Consultancy Services performed financially?
Ans. Revenue rose from Rs 195,772 crore in FY22 to Rs 271,423 crore in FY26, a compound annual growth rate of 8.5%. Net profit grew from Rs 38,449 crore in FY22 to Rs 49,454 crore in FY26, which works out to a compound annual growth rate of 6.5%. The company has a return on equity of 43.4%, a debt to equity ratio of 0.10 and a market capitalisation of Rs 904,522 crore. The stock trades at a P/E of 17.4, below the industry P/E of 17.6. Looking ahead, the company is investing in artificial intelligence, cloud and data capabilities and in large multi-year transformation programmes with global clients. A broad client base across industries gives its revenue stability.
What risks should investors check before buying enterprise software and IT consulting stocks?
Ans. Investors should check a few risks before buying enterprise software and IT consulting stocks. Deal timing. Large contracts can shift between periods. Valuation levels. Some of these companies trade at high earnings multiples, so growth must continue to justify them. Currency moves. Export earnings move with the rupee. 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 enterprise software and IT consulting stocks investment advice?
Ans. No. This article is educational and uses publicly available data as of the 27 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.