3 Telecom and Enterprise IT Services Provider, Active Ingredients and Formulations Maker and Hair Oil and Edible Oil Brand Owner Stocks With a Strong Future Roadmap: Tech Mahindra, Laurus Labs and Marico
- November 4, 2026
- Posted by: Chaitanya Auti
- Category: Best Stocks
Tech Mahindra, Laurus Labs and Marico: ROE of 16.8% to 41.9% and FY22 to FY26 revenue CAGR of 5.6% to 9.5%. Prices as of 3 Nov 2026.
Quick Answer
The three IT services, API and hair oil stocks to watch are Tech Mahindra, Laurus Labs and Marico. Their return on equity ranges from 16.8% to 41.9%, and their revenue compound annual growth from FY22 to FY26 ranges from 5.6% to 9.5%. Marico leads on both return on equity at 41.9% and revenue growth at 9.5% a year. Prices are based on the 3 November 2026 close, and this article is educational, not investment advice.
IT services, API and hair oil stocks let investors follow companies that serve a growing part of the Indian economy. Tech Mahindra, Laurus Labs and Marico cover a telecom and enterprise IT services provider, an active ingredients maker and a hair oil and edible oil brand owner.
This list covers three IT services, API and hair oil stocks with complete current figures: Tech Mahindra, Laurus Labs and Marico. 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 IT Services, API and Hair Oil Stocks?
IT services, API and hair oil stocks are listed companies that provide digital, network and enterprise services, make active pharmaceutical ingredients, formulations and custom synthesis, and sell coconut hair oil, edible oils and foods under well known brands. Their earnings depend on client technology budgets, global pharma orders and household spending.
IT Services, API and Hair Oil Stocks at a Glance
| Company | CMP (Rs) | Market Cap (Rs Cr) | P/E | Industry P/E | ROE (%) | D/E |
|---|---|---|---|---|---|---|
| Tech Mahindra | 1,789.1 | 175,398 | 31.5 | 17.6 | 18.6 | 0.07 |
| Laurus Labs | 2,323 | 111,434 | 102.2 | 36.0 | 16.8 | 0.48 |
| Marico | 878.4 | 101,286 | 51.9 | 33.9 | 41.9 | 0.13 |
On valuation, all three trade at a P/E above their industry P/E, which reflects the growth the market already expects from them. Readers comparing IT services, API and hair oil stocks should look at return on equity and debt together, since a high return earned with low debt is easier to sustain.
Why Do IT Services, API and Hair Oil Stocks Have a Strong Roadmap in India?
IT services, API and hair oil stocks have a strong roadmap in India because rising enterprise technology spending, wider pharma outsourcing and steady demand for trusted household brands keep widening the market for these companies.
- IT services. Telecom and industry clients upgrade networks.
- Pharma ingredients. Global drug firms need steady supply.
- Household brands. Trusted names reach rural and urban homes.
Why Tech Mahindra Features Among These IT Services, API and Hair Oil Stocks
Among the IT services, API and hair oil stocks 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.
Why Laurus Labs Features Among These IT Services, API and Hair Oil Stocks
Among the technology, pharma and consumer shares on this list, Laurus Labs is a Hyderabad-based pharmaceutical company with businesses in active ingredients, finished formulations, custom synthesis and biotechnology, with a leading position in anti-retroviral medicines.
The company has a return on equity of 16.8%, a debt to equity ratio of 0.48 and a market capitalisation of Rs 111,434 crore. The stock trades at a P/E of 102.2, above the industry P/E of 36.0.
Revenue rose from Rs 4,951 crore in FY22 to Rs 6,868 crore in FY26, a compound annual growth rate of 8.5%. Net profit for FY26 was Rs 890 crore, a net margin of 13.0%. In the June 2026 quarter, revenue grew 28.8% year on year to Rs 2,035 crore, while net profit rose 124.7% to Rs 362 crore.
Roadmap: The company has widened its range from anti-retroviral ingredients into oncology, cardiac and other therapies and has added capacity in formulations. Its custom synthesis and biotechnology arms add exposure to services for global drug developers.
What to watch: Follow the ramp-up of new capacity in formulations and the order flow in custom synthesis.
Why Marico Features Among These IT Services, API and Hair Oil Stocks
Among the three companies on this list, Marico is a consumer products company that sells Parachute coconut oil, Saffola edible oils and foods, Nihar and Set Wet, along with a growing digital-first brand portfolio, in India and overseas.
Revenue rose from Rs 9,610 crore in FY22 to Rs 13,815 crore in FY26, a compound annual growth rate of 9.5%. Net profit grew from Rs 1,255 crore in FY22 to Rs 1,813 crore in FY26, which works out to a compound annual growth rate of 9.6%.
In the June 2026 quarter, revenue grew 22.2% year on year to Rs 4,005 crore, while net profit rose 27.1% to Rs 652 crore. The company has a return on equity of 41.9%, a debt to equity ratio of 0.13 and a market capitalisation of Rs 101,286 crore. The stock trades at a P/E of 51.9, above the industry P/E of 33.9.
Roadmap: The company is widening its foods and premium personal care portfolio while strengthening its core brands. Marico also sells in Bangladesh, Vietnam and Africa, which adds international growth, and its brands command strong market share.
What to watch: Watch the growth of the foods and premium personal care categories and copra price trends.
Tech Mahindra vs Laurus Labs vs Marico on Key Financials
The table below sets the three IT services, API and hair 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 |
|---|---|---|---|---|---|
| Tech Mahindra | 45,758 | 56,847 | 5.6% | 4,806 | 8.5% |
| Laurus Labs | 4,951 | 6,868 | 8.5% | 890 | 13.0% |
| Marico | 9,610 | 13,815 | 9.5% | 1,813 | 13.1% |
Marico posts the highest return on equity in this group at 41.9%. Tech Mahindra has the largest FY26 revenue at Rs 56,847 crore, and Marico shows the fastest revenue growth with a 9.5% compound annual rate. A useful habit with IT services, API and hair oil stocks is to check each new quarterly result against the capacity plans the company described earlier.
Key Risks to Check Before Investing in IT Services, API and Hair Oil Stocks
Every theme carries risks that deserve a check before any decision. For these IT services, API and hair oil stocks, the main points are: Long-term technology, pharma and consumer 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.
- Regulatory approvals. Plant inspections and approvals can affect supplies.
- 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 IT services, API and hair oil stocks by market capitalisation, P/E, ROE and growth, and build your own shortlist.
Final Thoughts on IT Services, API and Hair Oil Stocks
IT services, API and hair oil stocks reward investors who follow demand trends, order books and margins together. Tech Mahindra, Laurus Labs and Marico each have a clear plan to grow. Based on the 3 November 2026 close, Tech Mahindra trades at Rs 1,789.1, Laurus Labs at Rs 2,323 and Marico at Rs 878.4. Valuation matters as much as growth, so compare each company’s P/E with its industry P/E before adding any of these IT services, API and hair 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 IT services, API and hair oil stocks?
Ans. IT services, API and hair oil stocks are listed companies that provide digital, network and enterprise services, make active pharmaceutical ingredients, formulations and custom synthesis, and sell coconut hair oil, edible oils and foods under well known brands. Their earnings depend on client technology budgets, global pharma orders and household spending. This list looks at three of them, Tech Mahindra, Laurus Labs and Marico, using reported FY22 to FY26 financials and the 3 November 2026 closing prices.
Which IT services, API and hair oil stocks are covered in this list?
Ans. This list covers Tech Mahindra, Laurus Labs and Marico. Based on the 3 November 2026 close, Tech Mahindra traded at Rs 1,789.1, Laurus Labs at Rs 2,323 and Marico at Rs 878.4. Their return on equity ranges from 16.8% to 41.9%, and their revenue compound annual growth from FY22 to FY26 ranges from 5.6% to 9.5%.
Why do IT services, API and hair oil stocks have a strong future roadmap in India?
Ans. IT services, API and hair oil stocks have a strong roadmap in India because rising enterprise technology spending, wider pharma outsourcing and steady demand for trusted household brands keep widening the market for these companies. The main drivers are as follows. IT services. Telecom and industry clients upgrade networks. Pharma ingredients. Global drug firms need steady supply. Household brands. Trusted names reach rural and urban homes. Together these factors give the companies on this list a visible path for growth over the coming years.
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.
How has Laurus Labs performed financially?
Ans. Revenue rose from Rs 4,951 crore in FY22 to Rs 6,868 crore in FY26, a compound annual growth rate of 8.5%. Net profit for FY26 was Rs 890 crore, a net margin of 13.0%. In the June 2026 quarter, revenue grew 28.8% year on year to Rs 2,035 crore, while net profit rose 124.7% to Rs 362 crore. The company has a return on equity of 16.8%, a debt to equity ratio of 0.48 and a market capitalisation of Rs 111,434 crore. The stock trades at a P/E of 102.2, above the industry P/E of 36.0. Looking ahead, the company has widened its range from anti-retroviral ingredients into oncology, cardiac and other therapies and has added capacity in formulations. Its custom synthesis and biotechnology arms add exposure to services for global drug developers.
How has Marico performed financially?
Ans. Revenue rose from Rs 9,610 crore in FY22 to Rs 13,815 crore in FY26, a compound annual growth rate of 9.5%. Net profit grew from Rs 1,255 crore in FY22 to Rs 1,813 crore in FY26, which works out to a compound annual growth rate of 9.6%. In the June 2026 quarter, revenue grew 22.2% year on year to Rs 4,005 crore, while net profit rose 27.1% to Rs 652 crore. The company has a return on equity of 41.9%, a debt to equity ratio of 0.13 and a market capitalisation of Rs 101,286 crore. The stock trades at a P/E of 51.9, above the industry P/E of 33.9. Looking ahead, the company is widening its foods and premium personal care portfolio while strengthening its core brands. Marico also sells in Bangladesh, Vietnam and Africa, which adds international growth, and its brands command strong market share.
What risks should investors check before buying IT services, API and hair oil stocks?
Ans. Investors should check a few risks before buying IT services, API and hair oil stocks. Client spending. Technology budgets can vary with global conditions. Regulatory approvals. Plant inspections and approvals can affect supplies. 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 IT services, API and hair 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.