3 Low Code Platforms Company, Digital Engineering Firm and Data Centre and Cloud Provider Stocks With a Strong Future Roadmap: Newgen Software Technologies, Mastek and ESDS Software Solution
- October 30, 2026
- Posted by: Harsh Piplani
- Category: Best Stocks
Newgen Software Technologies, Mastek and ESDS Software Solution: ROE of 13.5% to 22.1% and FY22 to FY26 revenue CAGR of 14.2% to 24.7%. Prices as of 29 Oct 2026.
Quick Answer
The three low code, digital engineering and cloud stocks to watch are Newgen Software Technologies, Mastek and ESDS Software Solution. Their return on equity ranges from 13.5% to 22.1%, and their revenue compound annual growth from FY22 to FY26 ranges from 14.2% to 24.7%. ESDS Software Solution leads on both return on equity at 22.1% and revenue growth at 24.7% a year. Prices are based on the 29 October 2026 close, and this article is educational, not investment advice.
Low code, digital engineering and cloud stocks let investors follow companies that serve a growing part of the Indian economy. Newgen Software Technologies, Mastek and ESDS Software Solution cover a low code software platforms company, a digital engineering and cloud services firm and a data centre and cloud provider.
This list covers three low code, digital engineering and cloud stocks with complete current figures: Newgen Software Technologies, Mastek and ESDS Software Solution. Every figure comes from the latest reported financials and the 29 October 2026 market close. Companies without complete current figures were left out.
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What Are Low Code, Digital Engineering and Cloud Stocks?
Low code, digital engineering and cloud stocks are listed companies that sell low code platforms for process automation and content management, deliver digital engineering and cloud work to clients in the United States and other regions and run data centre, hosting and cybersecurity services. Their earnings depend on licences, contracts and client budgets.
Low Code, Digital Engineering and Cloud Stocks at a Glance
| Company | CMP (Rs) | Market Cap (Rs Cr) | P/E | Industry P/E | ROE (%) | D/E |
|---|---|---|---|---|---|---|
| Newgen Software Technologies | 455.45 | 6,835 | 21.8 | 17.5 | 18.7 | 0.02 |
| Mastek | 1,474 | 5,673 | 13.6 | 17.9 | 13.5 | 0.15 |
| ESDS Software Solution | 1,221 | 15,027 | 124.3 | 17.6 | 22.1 | 0.18 |
On valuation, Mastek trades at a P/E below the industry P/E, while Newgen Software Technologies and ESDS Software Solution trade above it, which reflects the growth the market already expects. Readers comparing low code, digital engineering and cloud 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 low code, digital engineering and cloud stocks can use the coming numbers to test whether growth is holding.
Why Do Low Code, Digital Engineering and Cloud Stocks Have a Strong Roadmap in India?
Low code, digital engineering and cloud stocks have a strong roadmap in India because wider process automation, cloud adoption and demand for local data hosting keep widening the market for these technology companies.
- Process automation. Firms digitise approvals and records.
- Cloud shift. More workloads move to managed platforms.
- Data hosting. Local data rules favour domestic centres.
Why Newgen Software Technologies Features Among These Low Code, Digital Engineering and Cloud Stocks
Among the low code, digital engineering and cloud stocks on this list, Newgen Software Technologies, based in Delhi, offers low-code platforms for content management, process automation and customer engagement to banks, insurers and governments.
In the June 2026 quarter, revenue grew 12.3% year on year to Rs 393 crore, while net profit rose 26.3% to Rs 62.8 crore. Revenue rose from Rs 809 crore in FY22 to Rs 1,641 crore in FY26, a compound annual growth rate of 19.4%.
Net profit grew from Rs 164 crore in FY22 to Rs 301 crore in FY26, which works out to a compound annual growth rate of 16.3%. The company has a return on equity of 18.7%, a debt to equity ratio of 0.02 and a market capitalisation of Rs 6,835 crore. The stock trades at a P/E of 21.8, above the industry P/E of 17.5.
Roadmap: Digital transformation at banks and public sector organisations, plus new artificial intelligence features on its platform, widen its addressable market. A growing share of recurring licence and cloud revenue improves predictability.
What to watch: Monitor deal wins in the banking sector and the growth of recurring revenue.
Why Mastek Features Among These Low Code, Digital Engineering and Cloud Stocks
Among the software and hosting shares 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.
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.
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.
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 ESDS Software Solution Features Among These Low Code, Digital Engineering and Cloud Stocks
Among the three companies on this list, ESDS Software Solution is a Nashik-based provider of cloud computing, data centre, managed hosting and cybersecurity services for enterprises and government clients.
Revenue rose from Rs 199 crore in FY22 to Rs 481 crore in FY26, a compound annual growth rate of 24.7%. Net profit grew from Rs 55.6 crore in FY25 to Rs 121 crore in FY26, a rise of 117.3%.
In the June 2026 quarter, revenue grew 7.5% year on year to Rs 135 crore, while net profit rose 14.0% to Rs 29.3 crore. The company has a return on equity of 22.1%, a debt to equity ratio of 0.18 and a market capitalisation of Rs 15,027 crore. The stock trades at a P/E of 124.3, above the industry P/E of 17.6.
Roadmap: The company is growing its cloud and managed services business as organisations move systems to secure domestic cloud platforms. Government and enterprise clients provide recurring contracts.
What to watch: Track cloud revenue growth, data centre capacity and new client wins.
Newgen Software Technologies vs Mastek vs ESDS Software Solution on Key Financials
The table below sets the three low code, digital engineering and cloud 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 |
|---|---|---|---|---|---|
| Newgen Software Technologies | 809 | 1,641 | 19.4% | 301 | 18.3% |
| Mastek | 2,220 | 3,769 | 14.2% | 404 | 10.7% |
| ESDS Software Solution | 199 | 481 | 24.7% | 121 | 25.1% |
ESDS Software Solution posts the highest return on equity in this group at 22.1%. Mastek has the largest FY26 revenue at Rs 3,769 crore, and ESDS Software Solution shows the fastest revenue growth with a 24.7% compound annual rate. A useful habit with low code, digital engineering and cloud stocks is to check each new quarterly result against the capacity plans the company described earlier. Many investors spread money across several process automation and hosting 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 |
|---|---|---|---|
| Newgen Software Technologies | 350 | 393 | 12.3% |
| Mastek | 925 | 997 | 7.8% |
| ESDS Software Solution | 126 | 135 | 7.5% |
Key Risks to Check Before Investing in Low Code, Digital Engineering and Cloud Stocks
Every theme carries risks that deserve a check before any decision. For these low code, digital engineering and cloud stocks, the main points are: Long-term software and hosting shares holders usually track revenue growth, margins and cash flow side by side rather than relying on a single ratio.
- Client spending. Technology budgets can vary with global conditions.
- Currency moves. Export earnings move with the rupee.
- 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 low code, digital engineering and cloud stocks by market capitalisation, P/E, ROE and growth, and build your own shortlist.
Final Thoughts on Low Code, Digital Engineering and Cloud Stocks
Low code, digital engineering and cloud stocks reward investors who follow demand trends, order books and margins together. Newgen Software Technologies, Mastek and ESDS Software Solution each have a clear plan to grow. Based on the 29 October 2026 close, Newgen Software Technologies trades at Rs 455.45, Mastek at Rs 1,474 and ESDS Software Solution at Rs 1,221. Valuation matters as much as growth, so compare each company’s P/E with its industry P/E before adding any of these low code, digital engineering and cloud 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 low code, digital engineering and cloud stocks?
Ans. Low code, digital engineering and cloud stocks are listed companies that sell low code platforms for process automation and content management, deliver digital engineering and cloud work to clients in the United States and other regions and run data centre, hosting and cybersecurity services. Their earnings depend on licences, contracts and client budgets. This list looks at three of them, Newgen Software Technologies, Mastek and ESDS Software Solution, using reported FY22 to FY26 financials and the 29 October 2026 closing prices.
Which low code, digital engineering and cloud stocks are covered in this list?
Ans. This list covers Newgen Software Technologies, Mastek and ESDS Software Solution. Based on the 29 October 2026 close, Newgen Software Technologies traded at Rs 455.45, Mastek at Rs 1,474 and ESDS Software Solution at Rs 1,221. Their return on equity ranges from 13.5% to 22.1%, and their revenue compound annual growth from FY22 to FY26 ranges from 14.2% to 24.7%.
Why do low code, digital engineering and cloud stocks have a strong future roadmap in India?
Ans. Low code, digital engineering and cloud stocks have a strong roadmap in India because wider process automation, cloud adoption and demand for local data hosting keep widening the market for these technology companies. The main drivers are as follows. Process automation. Firms digitise approvals and records. Cloud shift. More workloads move to managed platforms. Data hosting. Local data rules favour domestic centres. Together these factors give the companies on this list a visible path for growth over the coming years.
How has Newgen Software Technologies performed financially?
Ans. Revenue rose from Rs 809 crore in FY22 to Rs 1,641 crore in FY26, a compound annual growth rate of 19.4%. Net profit grew from Rs 164 crore in FY22 to Rs 301 crore in FY26, which works out to a compound annual growth rate of 16.3%. In the June 2026 quarter, revenue grew 12.3% year on year to Rs 393 crore, while net profit rose 26.3% to Rs 62.8 crore. The company has a return on equity of 18.7%, a debt to equity ratio of 0.02 and a market capitalisation of Rs 6,835 crore. The stock trades at a P/E of 21.8, above the industry P/E of 17.5. Looking ahead, digital transformation at banks and public sector organisations, plus new artificial intelligence features on its platform, widen its addressable market. A growing share of recurring licence and cloud revenue improves predictability.
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 ESDS Software Solution performed financially?
Ans. Revenue rose from Rs 199 crore in FY22 to Rs 481 crore in FY26, a compound annual growth rate of 24.7%. Net profit grew from Rs 55.6 crore in FY25 to Rs 121 crore in FY26, a rise of 117.3%. In the June 2026 quarter, revenue grew 7.5% year on year to Rs 135 crore, while net profit rose 14.0% to Rs 29.3 crore. The company has a return on equity of 22.1%, a debt to equity ratio of 0.18 and a market capitalisation of Rs 15,027 crore. The stock trades at a P/E of 124.3, above the industry P/E of 17.6. Looking ahead, the company is growing its cloud and managed services business as organisations move systems to secure domestic cloud platforms. Government and enterprise clients provide recurring contracts.
What risks should investors check before buying low code, digital engineering and cloud stocks?
Ans. Investors should check a few risks before buying low code, digital engineering and cloud stocks. Client spending. Technology budgets can vary with global conditions. Currency moves. Export earnings move with the rupee. 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 low code, digital engineering and cloud stocks investment advice?
Ans. No. This article is educational and uses publicly available data as of the 29 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.
