3 Digital Operations Services Company, CNC Machines Maker and Solar Modules Maker Stocks With a Strong Future Roadmap: eClerx Services, Jyoti CNC Automation and Emmvee Photovoltaic Power
- November 12, 2026
- Posted by: Neeraj Pandey
- Category: Best Stocks
eClerx Services, Jyoti CNC Automation and Emmvee Photovoltaic Power: ROE of 16.8% to 32.3% and FY22 to FY26 revenue CAGR of 17.9% to 73.2%. Prices as of 11 Nov 2026.
Quick Answer
The three digital operations, CNC machine and solar stocks to watch are eClerx Services, Jyoti CNC Automation and Emmvee Photovoltaic Power. Their return on equity ranges from 16.8% to 32.3%, and their revenue compound annual growth from FY22 to FY26 ranges from 17.9% to 73.2%. Emmvee Photovoltaic Power leads on both return on equity at 32.3% and revenue growth at 73.2% a year. Prices are based on the 11 November 2026 close, and this article is educational, not investment advice.
Digital operations, CNC machine and solar stocks offer a focused view of a sector where demand keeps widening. eClerx Services, Jyoti CNC Automation and Emmvee Photovoltaic Power cover a digital operations services company, a CNC machines maker and a solar modules maker.
This list covers three digital operations, CNC machine and solar stocks with complete current figures: eClerx Services, Jyoti CNC Automation and Emmvee Photovoltaic Power. Every figure comes from the latest reported financials and the 11 November 2026 market close. Companies without complete current figures were left out.
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What Are Digital Operations, CNC Machine and Solar Stocks?
Digital operations, CNC machine and solar stocks are listed companies that provide data, analytics and digital operations services to global firms, build CNC machining centres for auto, aerospace and defence, and make solar cells and modules. Their earnings depend on client outsourcing budgets, machine orders and solar installations.
Digital Operations, CNC Machine and Solar Stocks at a Glance
| Company | CMP (Rs) | Market Cap (Rs Cr) | P/E | Industry P/E | ROE (%) | D/E |
|---|---|---|---|---|---|---|
| eClerx Services | 1,530 | 18,062 | 24.8 | 17.5 | 27.6 | 0.15 |
| Jyoti CNC Automation | 1,048.75 | 22,175 | 68.9 | 44.4 | 16.8 | 0.43 |
| Emmvee Photovoltaic Power | 265.8 | 16,672 | 11.8 | 40.7 | 32.3 | 0.25 |
On valuation, Emmvee Photovoltaic Power trades at a P/E below the industry P/E, while eClerx Services and Jyoti CNC Automation trade above it, which reflects the growth the market already expects. Readers comparing digital operations, CNC machine and solar stocks should look at return on equity and debt together, since a high return earned with low debt is easier to sustain.
Why Do Digital Operations, CNC Machine and Solar Stocks Have a Strong Roadmap in India?
Digital operations, CNC machine and solar stocks have a strong roadmap in India because wider outsourcing of data and digital work, rising factory automation and rapid solar capacity additions keep widening the market for these companies.
- Digital operations. Global firms outsource data work.
- CNC machines. Factories add precise automated machines.
- Solar. Utilities and homes add clean energy fast.
Why eClerx Services Features Among These Digital Operations, CNC Machine and Solar Stocks
Among the digital operations, CNC machine and solar stocks on this list, eClerx Services, based in Mumbai, offers data analytics, digital operations and process services to financial services, retail and technology clients.
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.
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 Jyoti CNC Automation Features Among These Digital Operations, CNC Machine and Solar Stocks
Among the outsourced analytics, machine tool and panel shares 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 Emmvee Photovoltaic Power Features Among These Digital Operations, CNC Machine and Solar Stocks
Among the three companies on this list, Emmvee Photovoltaic Power is a Bengaluru-based manufacturer of solar photovoltaic modules and solar cells for utility-scale, commercial and rooftop customers.
The company has a return on equity of 32.3%, a debt to equity ratio of 0.25 and a market capitalisation of Rs 16,672 crore. The stock trades at a P/E of 11.8, below the industry P/E of 40.7.
Revenue rose from Rs 567 crore in FY22 to Rs 5,103 crore in FY26, a compound annual growth rate of 73.2%. Net profit for FY26 was Rs 1,082 crore, a net margin of 21.2%.
Roadmap: The company is expanding module and cell capacity to serve India’s rising solar installations and is moving toward a more integrated manufacturing chain. Policy support for locally made solar equipment helps its order flow.
What to watch: Follow capacity commissioning, order inflows and solar policy changes.
eClerx Services vs Jyoti CNC Automation vs Emmvee Photovoltaic Power on Key Financials
The table below sets the three digital operations, CNC machine and solar 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% |
| Jyoti CNC Automation | 750 | 2,154 | 30.2% | 336 | 15.6% |
| Emmvee Photovoltaic Power | 567 | 5,103 | 73.2% | 1,082 | 21.2% |
Emmvee Photovoltaic Power posts the highest return on equity in this group at 32.3%. Emmvee Photovoltaic Power combines the largest FY26 revenue at Rs 5,103 crore with the fastest revenue growth, a 73.2% compound annual rate. A useful habit with digital operations, CNC machine and solar stocks is to check each new quarterly result against the capacity plans the company described earlier.
Key Risks to Check Before Investing in Digital Operations, CNC Machine and Solar Stocks
Every theme carries risks that deserve a check before any decision. For these digital operations, CNC machine and solar stocks, the main points are: Long-term outsourced analytics, machine tool and panel shares holders usually track revenue growth, margins and cash flow side by side rather than relying on a single ratio.
- Client budgets. Spending can vary with global conditions.
- Capital spending cycles. Customer investment in plants and equipment can vary.
- Module prices. Solar equipment prices and policy support can change returns.
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 operations, CNC machine and solar stocks by market capitalisation, P/E, ROE and growth, and build your own shortlist.
Final Thoughts on Digital Operations, CNC Machine and Solar Stocks
Digital operations, CNC machine and solar stocks reward patient research into demand, execution and financial strength. eClerx Services, Jyoti CNC Automation and Emmvee Photovoltaic Power each have a clear plan to grow. Based on the 11 November 2026 close, eClerx Services trades at Rs 1,530, Jyoti CNC Automation at Rs 1,048.75 and Emmvee Photovoltaic Power at Rs 265.8.
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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 operations, CNC machine and solar stocks?
Ans. Digital operations, CNC machine and solar stocks are listed companies that provide data, analytics and digital operations services to global firms, build CNC machining centres for auto, aerospace and defence, and make solar cells and modules. Their earnings depend on client outsourcing budgets, machine orders and solar installations. This list looks at three of them, eClerx Services, Jyoti CNC Automation and Emmvee Photovoltaic Power, using reported FY22 to FY26 financials and the 11 November 2026 closing prices.
Which digital operations, CNC machine and solar stocks are covered in this list?
Ans. This list covers eClerx Services, Jyoti CNC Automation and Emmvee Photovoltaic Power. Based on the 11 November 2026 close, eClerx Services traded at Rs 1,530, Jyoti CNC Automation at Rs 1,048.75 and Emmvee Photovoltaic Power at Rs 265.8. Their return on equity ranges from 16.8% to 32.3%, and their revenue compound annual growth from FY22 to FY26 ranges from 17.9% to 73.2%.
Why do digital operations, CNC machine and solar stocks have a strong future roadmap in India?
Ans. Digital operations, CNC machine and solar stocks have a strong roadmap in India because wider outsourcing of data and digital work, rising factory automation and rapid solar capacity additions keep widening the market for these companies. The main drivers are as follows. Digital operations. Global firms outsource data work. CNC machines. Factories add precise automated machines. Solar. Utilities and homes add clean energy fast. 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 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 Emmvee Photovoltaic Power performed financially?
Ans. Revenue rose from Rs 567 crore in FY22 to Rs 5,103 crore in FY26, a compound annual growth rate of 73.2%. Net profit for FY26 was Rs 1,082 crore, a net margin of 21.2%. The company has a return on equity of 32.3%, a debt to equity ratio of 0.25 and a market capitalisation of Rs 16,672 crore. The stock trades at a P/E of 11.8, below the industry P/E of 40.7. Looking ahead, the company is expanding module and cell capacity to serve India’s rising solar installations and is moving toward a more integrated manufacturing chain. Policy support for locally made solar equipment helps its order flow.
What risks should investors check before buying digital operations, CNC machine and solar stocks?
Ans. Investors should check a few risks before buying digital operations, CNC machine and solar stocks. Client budgets. Spending can vary with global conditions. Capital spending cycles. Customer investment in plants and equipment can vary. Module prices. Solar equipment prices and policy support can change returns. 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 operations, CNC machine and solar stocks investment advice?
Ans. No. This article is educational and uses publicly available data as of the 11 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.
