3 CNC Machines Maker, Engineering and R and D Services Company and Chemicals and Agri Business Company Stocks With a Strong Future Roadmap: Jyoti CNC Automation, L&T Technology Services and DCM Shriram
- November 10, 2026
- Posted by: Chaitanya Auti
- Category: Best Stocks
Jyoti CNC Automation, L&T Technology Services and DCM Shriram: ROE of 16.3% to 21.7% and FY22 to FY26 revenue CAGR of 9.0% to 30.2%. Prices as of 9 Nov 2026.
Quick Answer
The three machine tool, design service and chemical stocks to watch are Jyoti CNC Automation, L&T Technology Services and DCM Shriram. Their return on equity ranges from 16.3% to 21.7%, and their revenue compound annual growth from FY22 to FY26 ranges from 9.0% to 30.2%. L&T Technology Services has the highest return on equity at 21.7%, while Jyoti CNC Automation has the fastest revenue growth at 30.2% a year. Prices are based on the 9 November 2026 close, and this article is educational, not investment advice.
Machine tool, design service and chemical stocks let investors follow companies that serve a growing part of the Indian economy. Jyoti CNC Automation, L&T Technology Services and DCM Shriram cover a CNC machines maker, an engineering and R and D services company and a chemicals and agri business company.
This list covers three machine tool, design service and chemical stocks with complete current figures: Jyoti CNC Automation, L&T Technology Services and DCM Shriram. Every figure comes from the latest reported financials and the 9 November 2026 market close. Companies without complete current figures were left out.
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What Are Machine Tool, Design Service and Chemical Stocks?
Machine tool, design service and chemical stocks are listed companies that manufacture computer controlled machine tools, provide engineering and product design services to global clients, and produce chemicals, plastics and agri inputs. Their earnings depend on factory investment, client research budgets and chemical and farm demand.
Machine Tool, Design Service and Chemical Stocks at a Glance
| Company | CMP (Rs) | Market Cap (Rs Cr) | P/E | Industry P/E | ROE (%) | D/E |
|---|---|---|---|---|---|---|
| Jyoti CNC Automation | 1,040.5 | 22,175 | 68.9 | 44.4 | 16.8 | 0.43 |
| L&T Technology Services | 4,263.9 | 41,952 | 27.2 | 17.9 | 21.7 | 0.08 |
| DCM Shriram | 911.75 | 14,257 | 10.3 | 13.9 | 16.3 | 0.24 |
On valuation, DCM Shriram trades at a P/E below the industry P/E, while Jyoti CNC Automation and L&T Technology Services trade above it, which reflects the growth the market already expects. Readers comparing machine tool, design service and chemical stocks should look at return on equity and debt together, since a high return earned with low debt is easier to sustain.
Why Do Machine Tool, Design Service and Chemical Stocks Have a Strong Roadmap in India?
Machine tool, design service and chemical stocks have a strong roadmap in India because growing investment in precision manufacturing, rising outsourcing of engineering design and steady demand for chemicals and farm inputs keep widening the market for these companies.
- Machine tools. Precision parts need advanced machines.
- Engineering services. Global firms outsource product design.
- Chemicals and agri. Farms and factories need steady inputs.
Why Jyoti CNC Automation Features Among These Machine Tool, Design Service and Chemical Stocks
Among the machine tool, design service and chemical stocks on this list, Jyoti CNC Automation, based in Rajkot, makes computer numerical control machines, including multi-axis machining centres, for aerospace, defence, auto and general engineering customers.
In the June 2026 quarter, revenue grew 19.0% year on year to Rs 512 crore. Revenue rose from Rs 750 crore in FY22 to Rs 2,154 crore in FY26, a compound annual growth rate of 30.2%.
Net profit grew from Rs 151 crore in FY24 to Rs 336 crore in FY26, which works out to a compound annual growth rate of 49.2%. The company has a return on equity of 16.8%, a debt to equity ratio of 0.43 and a market capitalisation of Rs 22,175 crore. The stock trades at a P/E of 68.9, above the industry P/E of 44.4.
Roadmap: Defence and aerospace manufacturing, along with the shift to precision machining at Indian factories, supports demand for advanced CNC machines. The company has also built a presence in Europe through an acquisition, adding technology and customers abroad.
What to watch: Watch order book trends and how quickly the international business contributes.
Why L&T Technology Services Features Among These Machine Tool, Design Service and Chemical Stocks
Among the CNC machine, R and D and farm input shares on this list, L&T Technology Services provides engineering and research and development services to global customers in transportation, industrial products, telecom, plant engineering and medical devices.
The company has a return on equity of 21.7%, a debt to equity ratio of 0.08 and a market capitalisation of Rs 41,952 crore. The stock trades at a P/E of 27.2, above the industry P/E of 17.9.
Revenue rose from Rs 6,722 crore in FY22 to Rs 11,217 crore in FY26, a compound annual growth rate of 13.7%. Net profit grew from Rs 961 crore in FY22 to Rs 1,230 crore in FY26, which works out to a compound annual growth rate of 6.4%.
Roadmap: The company is growing in areas such as electric mobility, software-defined products and sustainability, where manufacturers outsource design and testing. Deep domain skills help it win multi-year programmes.
What to watch: Follow large deal wins, margin trends and demand from transportation and technology clients.
Why DCM Shriram Features Among These Machine Tool, Design Service and Chemical Stocks
Among the three companies on this list, DCM Shriram is a diversified company with businesses in caustic soda and chemicals, sugar, fertilisers and agri inputs, and building products.
Revenue rose from Rs 9,719 crore in FY22 to Rs 13,734 crore in FY26, a compound annual growth rate of 9.0%. Net profit grew from Rs 447 crore in FY24 to Rs 856 crore in FY26, which works out to a compound annual growth rate of 38.4%.
The company has a return on equity of 16.3%, a debt to equity ratio of 0.24 and a market capitalisation of Rs 14,257 crore. The stock trades at a P/E of 10.3, below the industry P/E of 13.9.
Roadmap: The company is expanding its chemicals capacity and widening its range of agri inputs and value-added products. A mix of chemicals and agri businesses spreads its sources of revenue.
What to watch: Monitor chemical prices, sugar output and demand for agri inputs.
Jyoti CNC Automation vs L&T Technology Services vs DCM Shriram on Key Financials
The table below sets the three machine tool, design service and chemical 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 |
|---|---|---|---|---|---|
| Jyoti CNC Automation | 750 | 2,154 | 30.2% | 336 | 15.6% |
| L&T Technology Services | 6,722 | 11,217 | 13.7% | 1,230 | 11.0% |
| DCM Shriram | 9,719 | 13,734 | 9.0% | 856 | 6.2% |
L&T Technology Services posts the highest return on equity in this group at 21.7%. DCM Shriram has the largest FY26 revenue at Rs 13,734 crore, and Jyoti CNC Automation shows the fastest revenue growth with a 30.2% compound annual rate. A useful habit with machine tool, design service and chemical stocks is to check each new quarterly result against the capacity plans the company described earlier.
Key Risks to Check Before Investing in Machine Tool, Design Service and Chemical Stocks
Every theme carries risks that deserve a check before any decision. For these machine tool, design service and chemical stocks, the main points are: Long-term CNC machine, R and D and farm input shares holders usually track revenue growth, margins and cash flow side by side rather than relying on a single ratio.
- Capital spending cycles. Customer investment in plants and equipment can vary.
- Client spending. Technology budgets can vary with global conditions.
- 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 machine tool, design service and chemical stocks by market capitalisation, P/E, ROE and growth, and build your own shortlist.
Final Thoughts on Machine Tool, Design Service and Chemical Stocks
Machine tool, design service and chemical stocks reward investors who follow demand trends, order books and margins together. Jyoti CNC Automation, L&T Technology Services and DCM Shriram each have a clear plan to grow. Based on the 9 November 2026 close, Jyoti CNC Automation trades at Rs 1,040.5, L&T Technology Services at Rs 4,263.9 and DCM Shriram at Rs 911.75.
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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 machine tool, design service and chemical stocks?
Ans. Machine tool, design service and chemical stocks are listed companies that manufacture computer controlled machine tools, provide engineering and product design services to global clients, and produce chemicals, plastics and agri inputs. Their earnings depend on factory investment, client research budgets and chemical and farm demand. This list looks at three of them, Jyoti CNC Automation, L&T Technology Services and DCM Shriram, using reported FY22 to FY26 financials and the 9 November 2026 closing prices.
Which machine tool, design service and chemical stocks are covered in this list?
Ans. This list covers Jyoti CNC Automation, L&T Technology Services and DCM Shriram. Based on the 9 November 2026 close, Jyoti CNC Automation traded at Rs 1,040.5, L&T Technology Services at Rs 4,263.9 and DCM Shriram at Rs 911.75. Their return on equity ranges from 16.3% to 21.7%, and their revenue compound annual growth from FY22 to FY26 ranges from 9.0% to 30.2%.
Why do machine tool, design service and chemical stocks have a strong future roadmap in India?
Ans. Machine tool, design service and chemical stocks have a strong roadmap in India because growing investment in precision manufacturing, rising outsourcing of engineering design and steady demand for chemicals and farm inputs keep widening the market for these companies. The main drivers are as follows. Machine tools. Precision parts need advanced machines. Engineering services. Global firms outsource product design. Chemicals and agri. Farms and factories need steady inputs. Together these factors give the companies on this list a visible path for growth over the coming years.
How has Jyoti CNC Automation performed financially?
Ans. Revenue rose from Rs 750 crore in FY22 to Rs 2,154 crore in FY26, a compound annual growth rate of 30.2%. Net profit grew from Rs 151 crore in FY24 to Rs 336 crore in FY26, which works out to a compound annual growth rate of 49.2%. In the June 2026 quarter, revenue grew 19.0% year on year to Rs 512 crore. The company has a return on equity of 16.8%, a debt to equity ratio of 0.43 and a market capitalisation of Rs 22,175 crore. The stock trades at a P/E of 68.9, above the industry P/E of 44.4. Looking ahead, defence and aerospace manufacturing, along with the shift to precision machining at Indian factories, supports demand for advanced CNC machines. The company has also built a presence in Europe through an acquisition, adding technology and customers abroad.
How has L&T Technology Services performed financially?
Ans. Revenue rose from Rs 6,722 crore in FY22 to Rs 11,217 crore in FY26, a compound annual growth rate of 13.7%. Net profit grew from Rs 961 crore in FY22 to Rs 1,230 crore in FY26, which works out to a compound annual growth rate of 6.4%. The company has a return on equity of 21.7%, a debt to equity ratio of 0.08 and a market capitalisation of Rs 41,952 crore. The stock trades at a P/E of 27.2, above the industry P/E of 17.9. Looking ahead, the company is growing in areas such as electric mobility, software-defined products and sustainability, where manufacturers outsource design and testing. Deep domain skills help it win multi-year programmes.
How has DCM Shriram performed financially?
Ans. Revenue rose from Rs 9,719 crore in FY22 to Rs 13,734 crore in FY26, a compound annual growth rate of 9.0%. Net profit grew from Rs 447 crore in FY24 to Rs 856 crore in FY26, which works out to a compound annual growth rate of 38.4%. The company has a return on equity of 16.3%, a debt to equity ratio of 0.24 and a market capitalisation of Rs 14,257 crore. The stock trades at a P/E of 10.3, below the industry P/E of 13.9. Looking ahead, the company is expanding its chemicals capacity and widening its range of agri inputs and value-added products. A mix of chemicals and agri businesses spreads its sources of revenue.
What risks should investors check before buying machine tool, design service and chemical stocks?
Ans. Investors should check a few risks before buying machine tool, design service and chemical stocks. Capital spending cycles. Customer investment in plants and equipment can vary. Client spending. Technology budgets can vary with global conditions. 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 machine tool, design service and chemical stocks investment advice?
Ans. No. This article is educational and uses publicly available data as of the 9 November 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.