3 Digital Engineering Services Company, Large Hospital Network and Largest Crude Oil and Gas Producer Stocks With a Strong Future Roadmap: Mastek, Max Healthcare Institute and Oil and Natural Gas Corporation
- November 4, 2026
- Posted by: Neeraj Pandey
- Category: Best Stocks
Mastek, Max Healthcare Institute and Oil and Natural Gas Corporation: ROE of 11.1% to 13.5% and FY22 to FY26 revenue CAGR of 5.6% to 20.4%. Prices as of 3 Nov 2026.
Quick Answer
The three digital services, hospital and oil stocks to watch are Mastek, Max Healthcare Institute and Oil and Natural Gas Corporation. Their return on equity ranges from 11.1% to 13.5%, and their revenue compound annual growth from FY22 to FY26 ranges from 5.6% to 20.4%. Mastek has the highest return on equity at 13.5%, while Max Healthcare Institute has the fastest revenue growth at 20.4% a year. Prices are based on the 3 November 2026 close, and this article is educational, not investment advice.
Digital services, hospital and oil stocks give investors a way to track businesses that sit close to everyday demand in India. Mastek, Max Healthcare Institute and Oil and Natural Gas Corporation cover a digital engineering services company, a large hospital network and the largest crude oil and gas producer.
This list covers three digital services, hospital and oil stocks with complete current figures: Mastek, Max Healthcare Institute and Oil and Natural Gas Corporation. Every figure comes from the latest reported financials and the 3 November 2026 market close. Companies without complete current figures were left out.
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What Are Digital Services, Hospital and Oil Stocks?
Digital services, hospital and oil stocks are listed companies that provide digital engineering and cloud services, run multi-speciality hospitals in north and west India, and produce crude oil and natural gas from domestic basins and overseas assets. Their earnings depend on client technology budgets, patient volumes and energy output.
Digital Services, Hospital and Oil Stocks at a Glance
| Company | CMP (Rs) | Market Cap (Rs Cr) | P/E | Industry P/E | ROE (%) | D/E |
|---|---|---|---|---|---|---|
| Mastek | 1,458.3 | 5,673 | 13.6 | 17.9 | 13.5 | 0.15 |
| Max Healthcare Institute | 895.5 | 80,717 | 55.4 | 59.6 | 13.4 | 0.32 |
| Oil and Natural Gas Corporation | 232.17 | 282,679 | 6.3 | 7.2 | 11.1 | 0.47 |
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 digital services, hospital and oil stocks should look at return on equity and debt together, since a high return earned with low debt is easier to sustain. With the Q2 FY27 results season close, investors in digital services, hospital and oil stocks can use the coming numbers to test whether growth is holding.
Why Do Digital Services, Hospital and Oil Stocks Have a Strong Roadmap in India?
Digital services, hospital and oil stocks have a strong roadmap in India because rising digital engineering demand, growing hospital care needs and steady energy consumption keep widening the market for these companies.
- Digital services. Public sector and retail clients upgrade systems.
- Hospitals. Oncology and specialised care draw more patients.
- Oil and gas. Homes and factories use more energy.
Why Mastek Features Among These Digital Services, Hospital and Oil Stocks
Among the digital services, hospital and oil 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 Max Healthcare Institute Features Among These Digital Services, Hospital and Oil Stocks
Among the digital, care and oil shares on this list, Max Healthcare Institute runs a large network of multi-specialty hospitals concentrated in Delhi NCR, Punjab, Uttarakhand and Maharashtra, with a strong presence in oncology, cardiac sciences, neurosciences and orthopaedics.
The company has a return on equity of 13.4%, a debt to equity ratio of 0.32 and a market capitalisation of Rs 80,717 crore. The stock trades at a P/E of 55.4, below the industry P/E of 59.6.
Revenue rose from Rs 4,059 crore in FY22 to Rs 8,536 crore in FY26, a compound annual growth rate of 20.4%. Net profit grew from Rs 605 crore in FY22 to Rs 1,442 crore in FY26, which works out to a compound annual growth rate of 24.3%. In the June 2026 quarter, revenue grew 16.6% year on year to Rs 2,407 crore, while net profit rose 4.9% to Rs 323 crore.
Roadmap: The roadmap rests on adding beds through brownfield expansion at existing campuses and through new hospitals in cities where the group already has referral strength. Higher bed occupancy and a richer case mix lift revenue per occupied bed, which is the number hospital analysts follow most closely.
What to watch: Track how quickly new beds reach stable occupancy and whether average revenue per occupied bed keeps rising.
Why Oil and Natural Gas Corporation Features Among These Digital Services, Hospital and Oil Stocks
Among the three companies on this list, Oil and Natural Gas Corporation is India’s largest producer of crude oil and natural gas, with operations in domestic basins and overseas assets. It also has interests in refining, petrochemicals and gas through group companies.
Revenue rose from Rs 498,738 crore in FY22 to Rs 621,019 crore in FY26, a compound annual growth rate of 5.6%. Net profit grew from Rs 32,778 crore in FY23 to Rs 49,793 crore in FY26, which works out to a compound annual growth rate of 15.0%.
In the June 2026 quarter, revenue grew 25.5% year on year to Rs 207,776 crore. The company has a return on equity of 11.1%, a debt to equity ratio of 0.47 and a market capitalisation of Rs 282,679 crore. The stock trades at a P/E of 6.3, below the industry P/E of 7.2.
Roadmap: The company is investing in new wells, deepwater projects and field redevelopment to raise output, and it is entering new energy areas such as gas and renewables. Its large reserve base supports long-term production.
What to watch: Follow production volumes, new field start-ups and realisations.
Mastek vs Max Healthcare Institute vs Oil and Natural Gas Corporation on Key Financials
The table below sets the three digital services, hospital and oil 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% |
| Max Healthcare Institute | 4,059 | 8,536 | 20.4% | 1,442 | 16.9% |
| Oil and Natural Gas Corporation | 498,738 | 621,019 | 5.6% | 49,793 | 8.0% |
Mastek posts the highest return on equity in this group at 13.5%. Oil and Natural Gas Corporation has the largest FY26 revenue at Rs 621,019 crore, and Max Healthcare Institute shows the fastest revenue growth with a 20.4% compound annual rate. A useful habit with digital services, hospital and oil stocks is to check each new quarterly result against the capacity plans the company described earlier. Many investors spread money across several cloud services, oncology care and crude oil stocks instead of one name, which keeps a single result from deciding the outcome.
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 |
|---|---|---|---|
| Mastek | 925 | 997 | 7.8% |
| Max Healthcare Institute | 2,064 | 2,407 | 16.6% |
| Oil and Natural Gas Corporation | 165,589 | 207,776 | 25.5% |
Key Risks to Check Before Investing in Digital Services, Hospital and Oil Stocks
Every theme carries risks that deserve a check before any decision. For these digital services, hospital and oil stocks, the main points are: Long-term digital, care and oil shares holders usually track revenue growth, margins and cash flow side by side rather than relying on a single ratio. Tracking promoter holding and management commentary adds context when you study digital, care and oil shares.
- Client spending. Technology budgets can vary with global conditions.
- Oil and gas prices. Earnings follow crude oil, gas and refining 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 digital services, hospital and oil stocks by market capitalisation, P/E, ROE and growth, and build your own shortlist.
Final Thoughts on Digital Services, Hospital and Oil Stocks
Digital services, hospital and oil stocks work best when investors track growth, valuation and return on equity side by side. Mastek, Max Healthcare Institute and Oil and Natural Gas Corporation each have a clear plan to grow. Based on the 3 November 2026 close, Mastek trades at Rs 1,458.3, Max Healthcare Institute at Rs 895.5 and Oil and Natural Gas Corporation at Rs 232.17. Valuation matters as much as growth, so compare each company’s P/E with its industry P/E before adding any of these digital services, hospital and oil stocks to a watchlist.
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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 digital services, hospital and oil stocks?
Ans. Digital services, hospital and oil stocks are listed companies that provide digital engineering and cloud services, run multi-speciality hospitals in north and west India, and produce crude oil and natural gas from domestic basins and overseas assets. Their earnings depend on client technology budgets, patient volumes and energy output. This list looks at three of them, Mastek, Max Healthcare Institute and Oil and Natural Gas Corporation, using reported FY22 to FY26 financials and the 3 November 2026 closing prices.
Which digital services, hospital and oil stocks are covered in this list?
Ans. This list covers Mastek, Max Healthcare Institute and Oil and Natural Gas Corporation. Based on the 3 November 2026 close, Mastek traded at Rs 1,458.3, Max Healthcare Institute at Rs 895.5 and Oil and Natural Gas Corporation at Rs 232.17. Their return on equity ranges from 11.1% to 13.5%, and their revenue compound annual growth from FY22 to FY26 ranges from 5.6% to 20.4%.
Why do digital services, hospital and oil stocks have a strong future roadmap in India?
Ans. Digital services, hospital and oil stocks have a strong roadmap in India because rising digital engineering demand, growing hospital care needs and steady energy consumption keep widening the market for these companies. The main drivers are as follows. Digital services. Public sector and retail clients upgrade systems. Hospitals. Oncology and specialised care draw more patients. Oil and gas. Homes and factories use more energy. 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 Max Healthcare Institute performed financially?
Ans. Revenue rose from Rs 4,059 crore in FY22 to Rs 8,536 crore in FY26, a compound annual growth rate of 20.4%. Net profit grew from Rs 605 crore in FY22 to Rs 1,442 crore in FY26, which works out to a compound annual growth rate of 24.3%. In the June 2026 quarter, revenue grew 16.6% year on year to Rs 2,407 crore, while net profit rose 4.9% to Rs 323 crore. The company has a return on equity of 13.4%, a debt to equity ratio of 0.32 and a market capitalisation of Rs 80,717 crore. The stock trades at a P/E of 55.4, below the industry P/E of 59.6. Looking ahead, the roadmap rests on adding beds through brownfield expansion at existing campuses and through new hospitals in cities where the group already has referral strength. Higher bed occupancy and a richer case mix lift revenue per occupied bed, which is the number hospital analysts follow most closely.
How has Oil and Natural Gas Corporation performed financially?
Ans. Revenue rose from Rs 498,738 crore in FY22 to Rs 621,019 crore in FY26, a compound annual growth rate of 5.6%. Net profit grew from Rs 32,778 crore in FY23 to Rs 49,793 crore in FY26, which works out to a compound annual growth rate of 15.0%. In the June 2026 quarter, revenue grew 25.5% year on year to Rs 207,776 crore. The company has a return on equity of 11.1%, a debt to equity ratio of 0.47 and a market capitalisation of Rs 282,679 crore. The stock trades at a P/E of 6.3, below the industry P/E of 7.2. Looking ahead, the company is investing in new wells, deepwater projects and field redevelopment to raise output, and it is entering new energy areas such as gas and renewables. Its large reserve base supports long-term production.
What risks should investors check before buying digital services, hospital and oil stocks?
Ans. Investors should check a few risks before buying digital services, hospital and oil stocks. Client spending. Technology budgets can vary with global conditions. Oil and gas prices. Earnings follow crude oil, gas and refining 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 digital services, hospital and oil stocks investment advice?
Ans. No. This article is educational and uses publicly available data as of the 3 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.
