{"id":323461,"date":"2026-10-22T12:17:37","date_gmt":"2026-10-22T06:47:37","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=323461"},"modified":"2026-10-22T12:17:37","modified_gmt":"2026-10-22T06:47:37","slug":"low-code-platforms-digital-engineering-and-microsoft-partner-services-stocks-roadmap-meridian-list","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/low-code-platforms-digital-engineering-and-microsoft-partner-services-stocks-roadmap-meridian-list\/","title":{"rendered":"3 Low-Code Platforms, Digital Engineering and Microsoft Partner Services Stocks With a Strong Future Roadmap: Newgen Software Technologies, Zensar Technologies and Sonata Software"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>Newgen Software Technologies, Zensar Technologies and Sonata Software: ROE of 16.4% to 26.7% and FY22 to FY26 revenue CAGR of 7.8% to 19.4%. Prices as of 21 Oct 2026.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">The three enterprise software and services stocks to watch are Newgen Software Technologies, Zensar Technologies and Sonata Software. Their return on equity ranges from 16.4% to 26.7%, and their revenue compound annual growth from FY22 to FY26 ranges from 7.8% to 19.4%. Sonata Software has the highest return on equity at 26.7%, while Newgen Software Technologies has the fastest revenue growth at 19.4% a year. Prices are based on the 21 October 2026 close, and this article is educational, not investment advice.<\/p>\n<\/div>\n<p>Enterprise software and services stocks let investors follow companies that help organisations automate work and modernise systems. Newgen Software Technologies, Zensar Technologies and Sonata Software cover low-code platforms, digital engineering and cloud services built around the Microsoft ecosystem.<\/p>\n<p>This list covers three enterprise software and services stocks with complete current figures: Newgen Software Technologies, Zensar Technologies and Sonata Software. Every figure comes from the latest reported financials and the 21 October 2026 market close. Companies without complete current figures were left out.<\/p>\n<p style=\"margin-top:24px;\"><strong><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=low-code-platforms-digital-engineering-and-microsoft-partner-services-stocks-roadmap-meridian-list\">Click Here &#8211; Get Free Investment Predictions<\/a><\/strong><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/low-code-platforms-digital-engineering-and-microsoft-partner-services-stocks-roadmap-meridian-list\/#What_Are_Enterprise_Software_and_Services_Stocks\" title=\"What Are Enterprise Software and Services Stocks?\">What Are Enterprise Software and Services Stocks?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/low-code-platforms-digital-engineering-and-microsoft-partner-services-stocks-roadmap-meridian-list\/#Enterprise_Software_and_Services_Stocks_at_a_Glance\" title=\"Enterprise Software and Services Stocks at a Glance\">Enterprise Software and Services Stocks at a Glance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/low-code-platforms-digital-engineering-and-microsoft-partner-services-stocks-roadmap-meridian-list\/#Why_Do_Enterprise_Software_and_Services_Stocks_Have_a_Strong_Roadmap_in_India\" title=\"Why Do Enterprise Software and Services Stocks Have a Strong Roadmap in India?\">Why Do Enterprise Software and Services Stocks Have a Strong Roadmap in India?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/low-code-platforms-digital-engineering-and-microsoft-partner-services-stocks-roadmap-meridian-list\/#Why_Newgen_Software_Technologies_Features_Among_These_Enterprise_Software_and_Services_Stocks\" title=\"Why Newgen Software Technologies Features Among These Enterprise Software and Services Stocks\">Why Newgen Software Technologies Features Among These Enterprise Software and Services Stocks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/low-code-platforms-digital-engineering-and-microsoft-partner-services-stocks-roadmap-meridian-list\/#Why_Zensar_Technologies_Features_Among_These_Enterprise_Software_and_Services_Stocks\" title=\"Why Zensar Technologies Features Among These Enterprise Software and Services Stocks\">Why Zensar Technologies Features Among These Enterprise Software and Services Stocks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/low-code-platforms-digital-engineering-and-microsoft-partner-services-stocks-roadmap-meridian-list\/#Why_Sonata_Software_Features_Among_These_Enterprise_Software_and_Services_Stocks\" title=\"Why Sonata Software Features Among These Enterprise Software and Services Stocks\">Why Sonata Software Features Among These Enterprise Software and Services Stocks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/low-code-platforms-digital-engineering-and-microsoft-partner-services-stocks-roadmap-meridian-list\/#Newgen_Software_Technologies_vs_Zensar_Technologies_vs_Sonata_Software_on_Key_Financials\" title=\"Newgen Software Technologies vs Zensar Technologies vs Sonata Software on Key Financials\">Newgen Software Technologies vs Zensar Technologies vs Sonata Software on Key Financials<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/low-code-platforms-digital-engineering-and-microsoft-partner-services-stocks-roadmap-meridian-list\/#Key_Risks_to_Check_Before_Investing_in_Enterprise_Software_and_Services_Stocks\" title=\"Key Risks to Check Before Investing in Enterprise Software and Services Stocks\">Key Risks to Check Before Investing in Enterprise Software and Services Stocks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/low-code-platforms-digital-engineering-and-microsoft-partner-services-stocks-roadmap-meridian-list\/#Final_Thoughts_on_Enterprise_Software_and_Services_Stocks\" title=\"Final Thoughts on Enterprise Software and Services Stocks\">Final Thoughts on Enterprise Software and Services Stocks<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/low-code-platforms-digital-engineering-and-microsoft-partner-services-stocks-roadmap-meridian-list\/#What_are_enterprise_software_and_services_stocks\" title=\"What are enterprise software and services stocks?\">What are enterprise software and services stocks?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/low-code-platforms-digital-engineering-and-microsoft-partner-services-stocks-roadmap-meridian-list\/#Which_enterprise_software_and_services_stocks_are_covered_in_this_list\" title=\"Which enterprise software and services stocks are covered in this list?\">Which enterprise software and services stocks are covered in this list?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/low-code-platforms-digital-engineering-and-microsoft-partner-services-stocks-roadmap-meridian-list\/#Why_do_enterprise_software_and_services_stocks_have_a_strong_future_roadmap_in_India\" title=\"Why do enterprise software and services stocks have a strong future roadmap in India?\">Why do enterprise software and services stocks have a strong future roadmap in India?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/low-code-platforms-digital-engineering-and-microsoft-partner-services-stocks-roadmap-meridian-list\/#How_has_Newgen_Software_Technologies_performed_financially\" title=\"How has Newgen Software Technologies performed financially?\">How has Newgen Software Technologies performed financially?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/low-code-platforms-digital-engineering-and-microsoft-partner-services-stocks-roadmap-meridian-list\/#How_has_Zensar_Technologies_performed_financially\" title=\"How has Zensar Technologies performed financially?\">How has Zensar Technologies performed financially?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/low-code-platforms-digital-engineering-and-microsoft-partner-services-stocks-roadmap-meridian-list\/#How_has_Sonata_Software_performed_financially\" title=\"How has Sonata Software performed financially?\">How has Sonata Software performed financially?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/low-code-platforms-digital-engineering-and-microsoft-partner-services-stocks-roadmap-meridian-list\/#What_risks_should_investors_check_before_buying_enterprise_software_and_services_stocks\" title=\"What risks should investors check before buying enterprise software and services stocks?\">What risks should investors check before buying enterprise software and services stocks?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/low-code-platforms-digital-engineering-and-microsoft-partner-services-stocks-roadmap-meridian-list\/#Is_this_list_of_enterprise_software_and_services_stocks_investment_advice\" title=\"Is this list of enterprise software and services stocks investment advice?\">Is this list of enterprise software and services stocks investment advice?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"What_Are_Enterprise_Software_and_Services_Stocks\"><\/span><strong>What Are Enterprise Software and Services Stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Enterprise software and services stocks are listed companies that sell software platforms and provide engineering and consulting services to banks, insurers, retailers and governments. Their earnings depend on licence and subscription growth, project wins and client budgets.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Enterprise_Software_and_Services_Stocks_at_a_Glance\"><\/span><strong>Enterprise Software and Services Stocks at a Glance<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<div style=\"overflow-x:auto;\">\n<table style=\"border-collapse:collapse;width:100%;\">\n<thead>\n<tr>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Company<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">CMP (Rs)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Market Cap (Rs Cr)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">P\/E<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Industry P\/E<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">ROE (%)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">D\/E<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\"><a href=\"https:\/\/univest.in\/stocks\/newgen\/newgen-software-technologies-ltd-share-price-today\">Newgen Software Technologies<\/a><\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">479.1<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">6,835<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">21.8<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">17.5<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">18.7<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.02<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\"><a href=\"https:\/\/univest.in\/stocks\/zensartech\/zensar-technologies-ltd-share-price-today\">Zensar Technologies<\/a><\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">509.35<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">11,686<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">15.1<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">17.5<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">16.4<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.02<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\"><a href=\"https:\/\/univest.in\/stocks\/sonatsoftw\/sonata-software-ltd-share-price-today\">Sonata Software<\/a><\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">240.5<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">6,732<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">14.5<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">17.5<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">26.7<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.38<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>On valuation, Zensar Technologies and Sonata Software trade at a P\/E below the industry P\/E, while Newgen Software Technologies trades above it, which reflects the growth the market already expects. Readers comparing enterprise software and services stocks should look at return on equity and debt together, since a high return earned with low debt is easier to sustain.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_Do_Enterprise_Software_and_Services_Stocks_Have_a_Strong_Roadmap_in_India\"><\/span><strong>Why Do Enterprise Software and Services Stocks Have a Strong Roadmap in India?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Enterprise software and services stocks have a strong roadmap in India because organisations of every size are automating processes and moving to cloud platforms, which creates long-running programmes.<\/p>\n<ul>\n<li><strong>Process automation.<\/strong> Banks and governments keep digitising paperwork and workflows.<\/li>\n<li><strong>Cloud adoption.<\/strong> Enterprises are moving more applications to cloud platforms.<\/li>\n<li><strong>Recurring revenue.<\/strong> Subscriptions and support contracts build steady income.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Why_Newgen_Software_Technologies_Features_Among_These_Enterprise_Software_and_Services_Stocks\"><\/span><strong>Why Newgen Software Technologies Features Among These Enterprise Software and Services Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Among the enterprise software and services 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.<\/p>\n<p>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.<\/p>\n<p>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.<\/p>\n<p><strong>Roadmap:<\/strong> 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.<\/p>\n<p><strong>What to watch:<\/strong> Monitor deal wins in the banking sector and the growth of recurring revenue.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_Zensar_Technologies_Features_Among_These_Enterprise_Software_and_Services_Stocks\"><\/span><strong>Why Zensar Technologies Features Among These Enterprise Software and Services Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Among the process automation shares on this list, Zensar Technologies, an RPG group company, offers digital engineering, cloud and experience services to clients across financial services, retail and manufacturing.<\/p>\n<p>Revenue rose from Rs 4,382 crore in FY22 to Rs 5,921 crore in FY26, a compound annual growth rate of 7.8%. Net profit grew from Rs 422 crore in FY22 to Rs 775 crore in FY26, which works out to a compound annual growth rate of 16.4%.<\/p>\n<p>In the June 2026 quarter, revenue grew 8.6% year on year to Rs 1,566 crore, while net profit rose 1.0% to Rs 184 crore. The company has a return on equity of 16.4%, a debt to equity ratio of 0.02 and a market capitalisation of Rs 11,686 crore. The stock trades at a P\/E of 15.1, below the industry P\/E of 17.5.<\/p>\n<p><strong>Roadmap:<\/strong> Strong deal wins in cloud and data work, a focus on fewer, larger clients and the use of artificial intelligence in delivery support its path. Cost discipline has allowed margins to improve over the years.<\/p>\n<p><strong>What to watch:<\/strong> Follow client concentration and growth in large accounts.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_Sonata_Software_Features_Among_These_Enterprise_Software_and_Services_Stocks\"><\/span><strong>Why Sonata Software Features Among These Enterprise Software and Services Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Among the three companies on this list, Sonata Software, based in Bengaluru, is a technology services company with a focus on the Microsoft ecosystem and a platform-led approach it calls modernisation.<\/p>\n<p>In the June 2026 quarter, revenue grew 9.9% year on year to Rs 3,286 crore. Revenue rose from Rs 5,655 crore in FY22 to Rs 10,806 crore in FY26, a compound annual growth rate of 17.6%.<\/p>\n<p>Net profit grew from Rs 376 crore in FY22 to Rs 464 crore in FY26, which works out to a compound annual growth rate of 5.4%. The company has a return on equity of 26.7%, a debt to equity ratio of 0.38 and a market capitalisation of Rs 6,732 crore. The stock trades at a P\/E of 14.5, below the industry P\/E of 17.5.<\/p>\n<p><strong>Roadmap:<\/strong> Its strategy centres on cloud, data and artificial intelligence projects for retail, travel and manufacturing clients. A strong partner relationship with Microsoft and a pipeline of large deals support its roadmap.<\/p>\n<p><strong>What to watch:<\/strong> Monitor deal wins and trends in the domestic business.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Newgen_Software_Technologies_vs_Zensar_Technologies_vs_Sonata_Software_on_Key_Financials\"><\/span><strong>Newgen Software Technologies vs Zensar Technologies vs Sonata Software on Key Financials<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The table below sets the three enterprise software and services stocks side by side on revenue, profit and margin, using reported figures.<\/p>\n<div style=\"overflow-x:auto;\">\n<table style=\"border-collapse:collapse;width:100%;\">\n<thead>\n<tr>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Company<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">FY22 Revenue (Rs Cr)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">FY26 Revenue (Rs Cr)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Revenue CAGR (FY22-FY26)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">FY26 Net Profit (Rs Cr)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">FY26 Net Margin<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Newgen Software Technologies<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">809<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">1,641<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">19.4%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">301<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">18.3%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Zensar Technologies<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">4,382<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">5,921<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">7.8%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">775<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">13.1%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Sonata Software<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">5,655<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">10,806<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">17.6%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">464<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">4.3%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>Sonata Software posts the highest return on equity in this group at 26.7%. Sonata Software has the largest FY26 revenue at Rs 10,806 crore, and Newgen Software Technologies shows the fastest revenue growth with a 19.4% compound annual rate. A useful habit with enterprise software and services stocks is to check each new quarterly result against the capacity plans the company described earlier.<\/p>\n<p>The June 2026 quarter, the latest reported, gives a fresh read on momentum:<\/p>\n<div style=\"overflow-x:auto;\">\n<table style=\"border-collapse:collapse;width:100%;\">\n<thead>\n<tr>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Company<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Q1 FY26 Revenue (Rs Cr)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Q1 FY27 Revenue (Rs Cr)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Year-on-Year Growth<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Newgen Software Technologies<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">350<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">393<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">12.3%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Zensar Technologies<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">1,442<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">1,566<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">8.6%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Sonata Software<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">2,989<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">3,286<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">9.9%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<h2><span class=\"ez-toc-section\" id=\"Key_Risks_to_Check_Before_Investing_in_Enterprise_Software_and_Services_Stocks\"><\/span><strong>Key Risks to Check Before Investing in Enterprise Software and Services Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Every theme carries risks that deserve a check before any decision. For these enterprise software and services stocks, the main points are: Long-term process automation shares holders usually track revenue growth, margins and cash flow side by side rather than relying on a single ratio.<\/p>\n<ul>\n<li><strong>Client budgets.<\/strong> Technology spending can slow when customers delay projects.<\/li>\n<li><strong>Competition for talent.<\/strong> Skilled engineers are in demand across the sector.<\/li>\n<li><strong>Valuation levels.<\/strong> Some of these companies trade at high earnings multiples, so growth must continue to justify them.<\/li>\n<\/ul>\n<p>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.<\/p>\n<p style=\"margin-top:24px;\"><strong><a href=\"https:\/\/univest.in\/screeners\">Use the Univest Stock Screener<\/a><\/strong> to filter enterprise software and services stocks by market capitalisation, P\/E, ROE and growth, and build your own shortlist.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Final_Thoughts_on_Enterprise_Software_and_Services_Stocks\"><\/span><strong>Final Thoughts on Enterprise Software and Services Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Enterprise software and services stocks reward investors who follow deal wins, recurring revenue and margins together. Newgen Software Technologies, Zensar Technologies and Sonata Software each serve enterprise clients in different ways. Based on the 21 October 2026 close, Newgen Software Technologies trades at Rs 479.1, Zensar Technologies at Rs 509.35 and Sonata Software at Rs 240.5. Valuation matters as much as growth, so compare each company&#8217;s P\/E with its industry P\/E before adding any of these enterprise software and services stocks to a watchlist.<\/p>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track enterprise software and services stocks, set price alerts and get research-backed stock ideas.<\/em><\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> 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).<\/p>\n<\/div>\n<h3><span class=\"ez-toc-section\" id=\"What_are_enterprise_software_and_services_stocks\"><\/span><strong>What are enterprise software and services stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Enterprise software and services stocks are listed companies that sell software platforms and provide engineering and consulting services to banks, insurers, retailers and governments. Their earnings depend on licence and subscription growth, project wins and client budgets. This list looks at three of them, Newgen Software Technologies, Zensar Technologies and Sonata Software, using reported FY22 to FY26 financials and the 21 October 2026 closing prices.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Which_enterprise_software_and_services_stocks_are_covered_in_this_list\"><\/span><strong>Which enterprise software and services stocks are covered in this list?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> This list covers Newgen Software Technologies, Zensar Technologies and Sonata Software. Based on the 21 October 2026 close, Newgen Software Technologies traded at Rs 479.1, Zensar Technologies at Rs 509.35 and Sonata Software at Rs 240.5. Their return on equity ranges from 16.4% to 26.7%, and their revenue compound annual growth from FY22 to FY26 ranges from 7.8% to 19.4%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Why_do_enterprise_software_and_services_stocks_have_a_strong_future_roadmap_in_India\"><\/span><strong>Why do enterprise software and services stocks have a strong future roadmap in India?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Enterprise software and services stocks have a strong roadmap in India because organisations of every size are automating processes and moving to cloud platforms, which creates long-running programmes. The main drivers are as follows. Process automation. Banks and governments keep digitising paperwork and workflows. Cloud adoption. Enterprises are moving more applications to cloud platforms. Recurring revenue. Subscriptions and support contracts build steady income. Together these factors give the companies on this list a visible path for growth over the coming years.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_has_Newgen_Software_Technologies_performed_financially\"><\/span><strong>How has Newgen Software Technologies performed financially?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> 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.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_has_Zensar_Technologies_performed_financially\"><\/span><strong>How has Zensar Technologies performed financially?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Revenue rose from Rs 4,382 crore in FY22 to Rs 5,921 crore in FY26, a compound annual growth rate of 7.8%. Net profit grew from Rs 422 crore in FY22 to Rs 775 crore in FY26, which works out to a compound annual growth rate of 16.4%. In the June 2026 quarter, revenue grew 8.6% year on year to Rs 1,566 crore, while net profit rose 1.0% to Rs 184 crore. The company has a return on equity of 16.4%, a debt to equity ratio of 0.02 and a market capitalisation of Rs 11,686 crore. The stock trades at a P\/E of 15.1, below the industry P\/E of 17.5. Looking ahead, strong deal wins in cloud and data work, a focus on fewer, larger clients and the use of artificial intelligence in delivery support its path. Cost discipline has allowed margins to improve over the years.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_has_Sonata_Software_performed_financially\"><\/span><strong>How has Sonata Software performed financially?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Revenue rose from Rs 5,655 crore in FY22 to Rs 10,806 crore in FY26, a compound annual growth rate of 17.6%. Net profit grew from Rs 376 crore in FY22 to Rs 464 crore in FY26, which works out to a compound annual growth rate of 5.4%. In the June 2026 quarter, revenue grew 9.9% year on year to Rs 3,286 crore. The company has a return on equity of 26.7%, a debt to equity ratio of 0.38 and a market capitalisation of Rs 6,732 crore. The stock trades at a P\/E of 14.5, below the industry P\/E of 17.5. Looking ahead, its strategy centres on cloud, data and artificial intelligence projects for retail, travel and manufacturing clients. A strong partner relationship with Microsoft and a pipeline of large deals support its roadmap.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_risks_should_investors_check_before_buying_enterprise_software_and_services_stocks\"><\/span><strong>What risks should investors check before buying enterprise software and services stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Investors should check a few risks before buying enterprise software and services stocks. Client budgets. Technology spending can slow when customers delay projects. Competition for talent. Skilled engineers are in demand across the sector. 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.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_this_list_of_enterprise_software_and_services_stocks_investment_advice\"><\/span><strong>Is this list of enterprise software and services stocks investment advice?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> No. This article is educational and uses publicly available data as of the 21 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.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What are enterprise software and services stocks?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Enterprise software and services stocks are listed companies that sell software platforms and provide engineering and consulting services to banks, insurers, retailers and governments. Their earnings depend on licence and subscription growth, project wins and client budgets. 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A growing share of recurring licence and cloud revenue improves predictability.\"}},{\"@type\":\"Question\",\"name\":\"How has Zensar Technologies performed financially?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Revenue rose from Rs 4,382 crore in FY22 to Rs 5,921 crore in FY26, a compound annual growth rate of 7.8%. Net profit grew from Rs 422 crore in FY22 to Rs 775 crore in FY26, which works out to a compound annual growth rate of 16.4%. In the June 2026 quarter, revenue grew 8.6% year on year to Rs 1,566 crore, while net profit rose 1.0% to Rs 184 crore. The company has a return on equity of 16.4%, a debt to equity ratio of 0.02 and a market capitalisation of Rs 11,686 crore. The stock trades at a P\/E of 15.1, below the industry P\/E of 17.5. Looking ahead, strong deal wins in cloud and data work, a focus on fewer, larger clients and the use of artificial intelligence in delivery support its path. 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Compare price, valuation, return on equity and revenue growth as of 21 October 2026.<\/p>\n","protected":false},"author":35,"featured_media":323460,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[845],"tags":[3803,14623,14621,13945,14622,9984,6974],"class_list":["post-323461","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-best-stocks","tag-best-stocks","tag-digital-transformation-stocks","tag-enterprise-software-and-services-stocks","tag-newgen-software-technologies","tag-process-automation-shares","tag-sonata-software","tag-zensar-technologies"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["323460"],"rank_math_title":["Enterprise Software and Services Stocks to Watch"],"rank_math_description":["Compare 3 enterprise software and services stocks with a strong future roadmap on CMP, market cap, P\/E, ROE and revenue growth. 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