3 Digital Engineering and Cloud Firm, Messaging Platform Provider and Telecom Technology Group Stocks With a Strong Future Roadmap: Mastek, Tanla Platforms and Tech Mahindra
- October 28, 2026
- Posted by: Kunal Singla
- Category: Best Stocks
Mastek, Tanla Platforms and Tech Mahindra: ROE of 13.5% to 20.5% and FY22 to FY26 revenue CAGR of 5.6% to 14.2%. Prices as of 27 Oct 2026.
Quick Answer
The three cloud, messaging and telecom IT stocks to watch are Mastek, Tanla Platforms and Tech Mahindra. Their return on equity ranges from 13.5% to 20.5%, and their revenue compound annual growth from FY22 to FY26 ranges from 5.6% to 14.2%. Tanla Platforms has the highest return on equity at 20.5%, while Mastek has the fastest revenue growth at 14.2% a year. Prices are based on the 27 October 2026 close, and this article is educational, not investment advice.
Cloud, messaging and telecom IT stocks let investors follow companies that serve a growing part of the Indian economy. Mastek, Tanla Platforms and Tech Mahindra cover a digital engineering and cloud firm, a messaging platform provider and a telecom technology group.
This list covers three cloud, messaging and telecom IT stocks with complete current figures: Mastek, Tanla Platforms and Tech Mahindra. 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 Cloud, Messaging and Telecom IT Stocks?
Cloud, messaging and telecom IT stocks are listed technology companies that deliver digital engineering and cloud services, run messaging and authentication platforms for enterprises and provide network and enterprise services to telecom and other clients. Their earnings depend on client budgets, deal wins and currency.
Cloud, Messaging and Telecom IT 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 |
| Tanla Platforms | 579.15 | 7,333 | 13.8 | 17.5 | 20.5 | 0.02 |
| Tech Mahindra | 1,811.4 | 175,398 | 31.5 | 17.6 | 18.6 | 0.07 |
On valuation, Mastek and Tanla Platforms trade at a P/E below the industry P/E, while Tech Mahindra trades above it, which reflects the growth the market already expects. Readers comparing cloud, messaging and telecom IT stocks should look at return on equity and debt together, since a high return earned with low debt is easier to sustain.
Why Do Cloud, Messaging and Telecom IT Stocks Have a Strong Roadmap in India?
Cloud, messaging and telecom IT stocks have a strong roadmap in India because cloud adoption, enterprise messaging growth and telecom network upgrades keep widening the market for Indian technology firms.
- Cloud services. Clients move systems to the cloud.
- Messaging platforms. Enterprises reach customers digitally.
- Network upgrades. Telecom firms modernise their platforms.
Why Mastek Features Among These Cloud, Messaging and Telecom IT Stocks
Among the cloud, messaging and telecom IT 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.
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. 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%. 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 Tanla Platforms Features Among These Cloud, Messaging and Telecom IT Stocks
Among the digital engineering, messaging and network IT shares on this list, Tanla Platforms, based in Hyderabad, offers communications platform services, including messaging and authentication through its Wisely platform, to enterprises.
The company has a return on equity of 20.5%, a debt to equity ratio of 0.02 and a market capitalisation of Rs 7,333 crore. The stock trades at a P/E of 13.8, below the industry P/E of 17.5.
Revenue rose from Rs 3,222 crore in FY22 to Rs 4,455 crore in FY26, a compound annual growth rate of 8.4%. Net profit for FY26 was Rs 509 crore, a net margin of 11.4%. In the June 2026 quarter, revenue grew 17.8% year on year to Rs 1,240 crore, while net profit rose 20.1% to Rs 142 crore.
Roadmap: Growth in enterprise messaging, plus fraud-prevention and digital-trust services, supports volumes. It has built products around artificial intelligence and blockchain, which can raise revenue per message.
What to watch: Monitor message volumes and the adoption of new platform products.
Why Tech Mahindra Features Among These Cloud, Messaging and Telecom IT Stocks
Among the three companies on this list, Tech Mahindra is a Mahindra Group technology services company that provides digital, network and enterprise services to clients in telecom, manufacturing, banking and other industries worldwide.
Revenue rose from Rs 45,758 crore in FY22 to Rs 56,847 crore in FY26, a compound annual growth rate of 5.6%. Net profit grew from Rs 2,397 crore in FY24 to Rs 4,806 crore in FY26, which works out to a compound annual growth rate of 41.6%.
The company has a return on equity of 18.6%, a debt to equity ratio of 0.07 and a market capitalisation of Rs 175,398 crore. The stock trades at a P/E of 31.5, above the industry P/E of 17.6.
Roadmap: The company is investing in artificial intelligence, cloud and 5G related services and deepening ties with large clients. Large deal wins in telecom and enterprise work support its pipeline.
What to watch: Track large deal wins, margin improvement and demand from telecom and enterprise clients.
Mastek vs Tanla Platforms vs Tech Mahindra on Key Financials
The table below sets the three cloud, messaging and telecom IT 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% |
| Tanla Platforms | 3,222 | 4,455 | 8.4% | 509 | 11.4% |
| Tech Mahindra | 45,758 | 56,847 | 5.6% | 4,806 | 8.5% |
Tanla Platforms posts the highest return on equity in this group at 20.5%. Tech Mahindra has the largest FY26 revenue at Rs 56,847 crore, and Mastek shows the fastest revenue growth with a 14.2% compound annual rate.
Key Risks to Check Before Investing in Cloud, Messaging and Telecom IT Stocks
Every theme carries risks that deserve a check before any decision. For these cloud, messaging and telecom IT stocks, the main points are:
- Deal timing. Large contracts can shift between periods.
- Client budgets. Spending can vary with global conditions.
- 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 cloud, messaging and telecom IT stocks by market capitalisation, P/E, ROE and growth, and build your own shortlist.
Final Thoughts on Cloud, Messaging and Telecom IT Stocks
Cloud, messaging and telecom IT stocks reward investors who follow demand trends, order books and margins together. Mastek, Tanla Platforms and Tech Mahindra each have a clear plan to grow. Based on the 27 October 2026 close, Mastek trades at Rs 1,539.9, Tanla Platforms at Rs 579.15 and Tech Mahindra at Rs 1,811.4.
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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 cloud, messaging and telecom IT stocks?
Ans. Cloud, messaging and telecom IT stocks are listed technology companies that deliver digital engineering and cloud services, run messaging and authentication platforms for enterprises and provide network and enterprise services to telecom and other clients. Their earnings depend on client budgets, deal wins and currency. This list looks at three of them, Mastek, Tanla Platforms and Tech Mahindra, using reported FY22 to FY26 financials and the 27 October 2026 closing prices.
Which cloud, messaging and telecom IT stocks are covered in this list?
Ans. This list covers Mastek, Tanla Platforms and Tech Mahindra. Based on the 27 October 2026 close, Mastek traded at Rs 1,539.9, Tanla Platforms at Rs 579.15 and Tech Mahindra at Rs 1,811.4. Their return on equity ranges from 13.5% to 20.5%, and their revenue compound annual growth from FY22 to FY26 ranges from 5.6% to 14.2%.
Why do cloud, messaging and telecom IT stocks have a strong future roadmap in India?
Ans. Cloud, messaging and telecom IT stocks have a strong roadmap in India because cloud adoption, enterprise messaging growth and telecom network upgrades keep widening the market for Indian technology firms. The main drivers are as follows. Cloud services. Clients move systems to the cloud. Messaging platforms. Enterprises reach customers digitally. Network upgrades. Telecom firms modernise their platforms. 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 Tanla Platforms performed financially?
Ans. Revenue rose from Rs 3,222 crore in FY22 to Rs 4,455 crore in FY26, a compound annual growth rate of 8.4%. Net profit for FY26 was Rs 509 crore, a net margin of 11.4%. In the June 2026 quarter, revenue grew 17.8% year on year to Rs 1,240 crore, while net profit rose 20.1% to Rs 142 crore. The company has a return on equity of 20.5%, a debt to equity ratio of 0.02 and a market capitalisation of Rs 7,333 crore. The stock trades at a P/E of 13.8, below the industry P/E of 17.5. Looking ahead, growth in enterprise messaging, plus fraud-prevention and digital-trust services, supports volumes. It has built products around artificial intelligence and blockchain, which can raise revenue per message.
How has Tech Mahindra performed financially?
Ans. Revenue rose from Rs 45,758 crore in FY22 to Rs 56,847 crore in FY26, a compound annual growth rate of 5.6%. Net profit grew from Rs 2,397 crore in FY24 to Rs 4,806 crore in FY26, which works out to a compound annual growth rate of 41.6%. The company has a return on equity of 18.6%, a debt to equity ratio of 0.07 and a market capitalisation of Rs 175,398 crore. The stock trades at a P/E of 31.5, above the industry P/E of 17.6. Looking ahead, the company is investing in artificial intelligence, cloud and 5G related services and deepening ties with large clients. Large deal wins in telecom and enterprise work support its pipeline.
What risks should investors check before buying cloud, messaging and telecom IT stocks?
Ans. Investors should check a few risks before buying cloud, messaging and telecom IT stocks. Deal timing. Large contracts can shift between periods. Client budgets. Spending can vary with global conditions. 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 cloud, messaging and telecom IT 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.
