3 Software Engineering Firm, Enterprise Messaging Provider and Large IT Services Company Stocks With a Strong Future Roadmap: Persistent Systems, Tanla Platforms and HCL Technologies
- October 28, 2026
- Posted by: Lakshit Sharma
- Category: Best Stocks
Persistent Systems, Tanla Platforms and HCL Technologies: ROE of 20.5% to 24.1% and FY22 to FY26 revenue CAGR of 8.4% to 26.4%. Prices as of 27 Oct 2026.
Quick Answer
The three digital engineering, messaging and IT stocks to watch are Persistent Systems, Tanla Platforms and HCL Technologies. Their return on equity ranges from 20.5% to 24.1%, and their revenue compound annual growth from FY22 to FY26 ranges from 8.4% to 26.4%. HCL Technologies has the highest return on equity at 24.1%, while Persistent Systems has the fastest revenue growth at 26.4% a year. Prices are based on the 27 October 2026 close, and this article is educational, not investment advice.
Digital engineering, messaging and IT stocks give investors a way to track businesses that sit close to everyday demand in India. Persistent Systems, Tanla Platforms and HCL Technologies cover a digital engineering firm, a messaging platform provider and a global IT services company.
This list covers three digital engineering, messaging and IT stocks with complete current figures: Persistent Systems, Tanla Platforms and HCL Technologies. 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 Digital Engineering, Messaging and IT Stocks?
Digital engineering, messaging and IT stocks are listed technology companies that provide software engineering, cloud and messaging platform services and global IT services to enterprises. Their earnings depend on client technology budgets, deal wins, utilisation and currency.
Digital Engineering, Messaging and IT Stocks at a Glance
| Company | CMP (Rs) | Market Cap (Rs Cr) | P/E | Industry P/E | ROE (%) | D/E |
|---|---|---|---|---|---|---|
| Persistent Systems | 5,832.5 | 90,857 | 50.4 | 17.9 | 21.0 | 0.07 |
| Tanla Platforms | 579.15 | 7,333 | 13.8 | 17.5 | 20.5 | 0.02 |
| HCL Technologies | 1,420 | 384,255 | 21.0 | 17.6 | 24.1 | 0.08 |
On valuation, Tanla Platforms trades at a P/E below the industry P/E, while Persistent Systems and HCL Technologies trade above it, which reflects the growth the market already expects. Readers comparing digital engineering, messaging and 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 Digital Engineering, Messaging and IT Stocks Have a Strong Roadmap in India?
Digital engineering, messaging and IT stocks have a strong roadmap in India because cloud adoption, digital product building and wider use of messaging platforms by enterprises keep widening the market for Indian technology firms.
- Digital engineering. Clients build new software products.
- Messaging platforms. Enterprises reach customers digitally.
- Large deals. Multi-year contracts add revenue visibility.
Why Persistent Systems Features Among These Digital Engineering, Messaging and IT Stocks
Among the digital engineering, messaging and IT stocks on this list, Persistent Systems is a Pune-based technology services and digital engineering company that builds software products and platforms for clients in banking, healthcare, software and hi-tech industries worldwide.
Revenue rose from Rs 5,855 crore in FY22 to Rs 14,929 crore in FY26, a compound annual growth rate of 26.4%. Net profit grew from Rs 690 crore in FY22 to Rs 1,865 crore in FY26, which works out to a compound annual growth rate of 28.2%.
The company has a return on equity of 21.0%, a debt to equity ratio of 0.07 and a market capitalisation of Rs 90,857 crore. The stock trades at a P/E of 50.4, above the industry P/E of 17.9.
Roadmap: The company is deepening its work in cloud, data and artificial intelligence, where enterprises are raising spending. A strong base of long-term clients helps it win larger engineering programmes.
What to watch: Track large deal wins, client additions and the share of artificial intelligence work in revenue.
Why Tanla Platforms Features Among These Digital Engineering, Messaging and IT Stocks
Among the digital engineering, messaging platform and IT services 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 HCL Technologies Features Among These Digital Engineering, Messaging and IT Stocks
Among the three companies on this list, HCL Technologies is a Noida-headquartered global technology company that provides software services, engineering and R&D services, infrastructure management and its own software products to large enterprises.
Revenue rose from Rs 86,718 crore in FY22 to Rs 131,674 crore in FY26, a compound annual growth rate of 11.0%. Net profit grew from Rs 13,523 crore in FY22 to Rs 16,652 crore in FY26, which works out to a compound annual growth rate of 5.3%.
The company has a return on equity of 24.1%, a debt to equity ratio of 0.08 and a market capitalisation of Rs 384,255 crore. The stock trades at a P/E of 21.0, above the industry P/E of 17.6.
Roadmap: The company is building its business around cloud, data and artificial intelligence services and large multi-year deals with global clients. Its engineering services and software product lines add recurring revenue alongside core IT services.
What to watch: Monitor large deal wins, demand for artificial intelligence services and currency movements.
Persistent Systems vs Tanla Platforms vs HCL Technologies on Key Financials
The table below sets the three digital engineering, messaging and 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 |
|---|---|---|---|---|---|
| Persistent Systems | 5,855 | 14,929 | 26.4% | 1,865 | 12.5% |
| Tanla Platforms | 3,222 | 4,455 | 8.4% | 509 | 11.4% |
| HCL Technologies | 86,718 | 131,674 | 11.0% | 16,652 | 12.6% |
HCL Technologies posts the highest return on equity in this group at 24.1%. HCL Technologies has the largest FY26 revenue at Rs 131,674 crore, and Persistent Systems shows the fastest revenue growth with a 26.4% compound annual rate.
Key Risks to Check Before Investing in Digital Engineering, Messaging and IT Stocks
Every theme carries risks that deserve a check before any decision. For these digital engineering, messaging and 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 digital engineering, messaging and IT stocks by market capitalisation, P/E, ROE and growth, and build your own shortlist.
Final Thoughts on Digital Engineering, Messaging and IT Stocks
Digital engineering, messaging and IT stocks work best when investors track growth, valuation and return on equity side by side. Persistent Systems, Tanla Platforms and HCL Technologies each have a clear plan to expand. Based on the 27 October 2026 close, Persistent Systems trades at Rs 5,832.5, Tanla Platforms at Rs 579.15 and HCL Technologies at Rs 1,420.
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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 engineering, messaging and IT stocks?
Ans. Digital engineering, messaging and IT stocks are listed technology companies that provide software engineering, cloud and messaging platform services and global IT services to enterprises. Their earnings depend on client technology budgets, deal wins, utilisation and currency. This list looks at three of them, Persistent Systems, Tanla Platforms and HCL Technologies, using reported FY22 to FY26 financials and the 27 October 2026 closing prices.
Which digital engineering, messaging and IT stocks are covered in this list?
Ans. This list covers Persistent Systems, Tanla Platforms and HCL Technologies. Based on the 27 October 2026 close, Persistent Systems traded at Rs 5,832.5, Tanla Platforms at Rs 579.15 and HCL Technologies at Rs 1,420. Their return on equity ranges from 20.5% to 24.1%, and their revenue compound annual growth from FY22 to FY26 ranges from 8.4% to 26.4%.
Why do digital engineering, messaging and IT stocks have a strong future roadmap in India?
Ans. Digital engineering, messaging and IT stocks have a strong roadmap in India because cloud adoption, digital product building and wider use of messaging platforms by enterprises keep widening the market for Indian technology firms. The main drivers are as follows. Digital engineering. Clients build new software products. Messaging platforms. Enterprises reach customers digitally. Large deals. Multi-year contracts add revenue visibility. Together these factors give the companies on this list a visible path for growth over the coming years.
How has Persistent Systems performed financially?
Ans. Revenue rose from Rs 5,855 crore in FY22 to Rs 14,929 crore in FY26, a compound annual growth rate of 26.4%. Net profit grew from Rs 690 crore in FY22 to Rs 1,865 crore in FY26, which works out to a compound annual growth rate of 28.2%. The company has a return on equity of 21.0%, a debt to equity ratio of 0.07 and a market capitalisation of Rs 90,857 crore. The stock trades at a P/E of 50.4, above the industry P/E of 17.9. Looking ahead, the company is deepening its work in cloud, data and artificial intelligence, where enterprises are raising spending. A strong base of long-term clients helps it win larger engineering programmes.
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 HCL Technologies performed financially?
Ans. Revenue rose from Rs 86,718 crore in FY22 to Rs 131,674 crore in FY26, a compound annual growth rate of 11.0%. Net profit grew from Rs 13,523 crore in FY22 to Rs 16,652 crore in FY26, which works out to a compound annual growth rate of 5.3%. The company has a return on equity of 24.1%, a debt to equity ratio of 0.08 and a market capitalisation of Rs 384,255 crore. The stock trades at a P/E of 21.0, above the industry P/E of 17.6. Looking ahead, the company is building its business around cloud, data and artificial intelligence services and large multi-year deals with global clients. Its engineering services and software product lines add recurring revenue alongside core IT services.
What risks should investors check before buying digital engineering, messaging and IT stocks?
Ans. Investors should check a few risks before buying digital engineering, messaging and 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 digital engineering, messaging and 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.