{"id":323846,"date":"2026-10-22T12:49:18","date_gmt":"2026-10-22T07:19:18","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=323846"},"modified":"2026-10-22T12:49:18","modified_gmt":"2026-10-22T07:19:18","slug":"low-code-software-platforms-vehicle-software-engineering-and-lending-software-stocks-roadmap-harbinger-list","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/low-code-software-platforms-vehicle-software-engineering-and-lending-software-stocks-roadmap-harbinger-list\/","title":{"rendered":"3 Low-Code Software Platforms, Vehicle Software Engineering and Lending Software Stocks With a Strong Future Roadmap: Newgen Software Technologies, KPIT Technologies and Nucleus Software Exports"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>Newgen Software Technologies, KPIT Technologies and Nucleus Software Exports: ROE of 14.7% to 18.7% and FY22 to FY26 revenue CAGR of 15.3% to 27.5%. 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 software and engineering services stocks to watch are Newgen Software Technologies, KPIT Technologies and Nucleus Software Exports. Their return on equity ranges from 14.7% to 18.7%, and their revenue compound annual growth from FY22 to FY26 ranges from 15.3% to 27.5%. Newgen Software Technologies has the highest return on equity at 18.7%, while KPIT Technologies has the fastest revenue growth at 27.5% a year. Prices are based on the 21 October 2026 close, and this article is educational, not investment advice.<\/p>\n<\/div>\n<p>Software and engineering services stocks let investors follow technology firms with specialised products and skills. Newgen Software Technologies, KPIT Technologies and Nucleus Software Exports cover low-code software platforms, vehicle software engineering and lending software.<\/p>\n<p>This list covers three software and engineering services stocks with complete current figures: Newgen Software Technologies, KPIT Technologies and Nucleus Software Exports. 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-software-platforms-vehicle-software-engineering-and-lending-software-stocks-roadmap-harbinger-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-software-platforms-vehicle-software-engineering-and-lending-software-stocks-roadmap-harbinger-list\/#What_Are_Software_and_Engineering_Services_Stocks\" title=\"What Are Software and Engineering Services Stocks?\">What Are Software and Engineering 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-software-platforms-vehicle-software-engineering-and-lending-software-stocks-roadmap-harbinger-list\/#Software_and_Engineering_Services_Stocks_at_a_Glance\" title=\"Software and Engineering Services Stocks at a Glance\">Software and Engineering 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-software-platforms-vehicle-software-engineering-and-lending-software-stocks-roadmap-harbinger-list\/#Why_Do_Software_and_Engineering_Services_Stocks_Have_a_Strong_Roadmap_in_India\" title=\"Why Do Software and Engineering Services Stocks Have a Strong Roadmap in India?\">Why Do Software and Engineering 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-software-platforms-vehicle-software-engineering-and-lending-software-stocks-roadmap-harbinger-list\/#Why_Newgen_Software_Technologies_Features_Among_These_Software_and_Engineering_Services_Stocks\" title=\"Why Newgen Software Technologies Features Among These Software and Engineering Services Stocks\">Why Newgen Software Technologies Features Among These Software and Engineering 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-software-platforms-vehicle-software-engineering-and-lending-software-stocks-roadmap-harbinger-list\/#Why_KPIT_Technologies_Features_Among_These_Software_and_Engineering_Services_Stocks\" title=\"Why KPIT Technologies Features Among These Software and Engineering Services Stocks\">Why KPIT Technologies Features Among These Software and Engineering 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-software-platforms-vehicle-software-engineering-and-lending-software-stocks-roadmap-harbinger-list\/#Why_Nucleus_Software_Exports_Features_Among_These_Software_and_Engineering_Services_Stocks\" title=\"Why Nucleus Software Exports Features Among These Software and Engineering Services Stocks\">Why Nucleus Software Exports Features Among These Software and Engineering 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-software-platforms-vehicle-software-engineering-and-lending-software-stocks-roadmap-harbinger-list\/#Newgen_Software_Technologies_vs_KPIT_Technologies_vs_Nucleus_Software_Exports_on_Key_Financials\" title=\"Newgen Software Technologies vs KPIT Technologies vs Nucleus Software Exports on Key Financials\">Newgen Software Technologies vs KPIT Technologies vs Nucleus Software Exports 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-software-platforms-vehicle-software-engineering-and-lending-software-stocks-roadmap-harbinger-list\/#Key_Risks_to_Check_Before_Investing_in_Software_and_Engineering_Services_Stocks\" title=\"Key Risks to Check Before Investing in Software and Engineering Services Stocks\">Key Risks to Check Before Investing in Software and Engineering 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-software-platforms-vehicle-software-engineering-and-lending-software-stocks-roadmap-harbinger-list\/#Final_Thoughts_on_Software_and_Engineering_Services_Stocks\" title=\"Final Thoughts on Software and Engineering Services Stocks\">Final Thoughts on Software and Engineering 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-software-platforms-vehicle-software-engineering-and-lending-software-stocks-roadmap-harbinger-list\/#What_are_software_and_engineering_services_stocks\" title=\"What are software and engineering services stocks?\">What are software and engineering 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-software-platforms-vehicle-software-engineering-and-lending-software-stocks-roadmap-harbinger-list\/#Which_software_and_engineering_services_stocks_are_covered_in_this_list\" title=\"Which software and engineering services stocks are covered in this list?\">Which software and engineering 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-software-platforms-vehicle-software-engineering-and-lending-software-stocks-roadmap-harbinger-list\/#Why_do_software_and_engineering_services_stocks_have_a_strong_future_roadmap_in_India\" title=\"Why do software and engineering services stocks have a strong future roadmap in India?\">Why do software and engineering 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-software-platforms-vehicle-software-engineering-and-lending-software-stocks-roadmap-harbinger-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-software-platforms-vehicle-software-engineering-and-lending-software-stocks-roadmap-harbinger-list\/#How_has_KPIT_Technologies_performed_financially\" title=\"How has KPIT Technologies performed financially?\">How has KPIT 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-software-platforms-vehicle-software-engineering-and-lending-software-stocks-roadmap-harbinger-list\/#How_has_Nucleus_Software_Exports_performed_financially\" title=\"How has Nucleus Software Exports performed financially?\">How has Nucleus Software Exports 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-software-platforms-vehicle-software-engineering-and-lending-software-stocks-roadmap-harbinger-list\/#What_risks_should_investors_check_before_buying_software_and_engineering_services_stocks\" title=\"What risks should investors check before buying software and engineering services stocks?\">What risks should investors check before buying software and engineering 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-software-platforms-vehicle-software-engineering-and-lending-software-stocks-roadmap-harbinger-list\/#Is_this_list_of_software_and_engineering_services_stocks_investment_advice\" title=\"Is this list of software and engineering services stocks investment advice?\">Is this list of software and engineering services stocks investment advice?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"What_Are_Software_and_Engineering_Services_Stocks\"><\/span><strong>What Are Software and Engineering Services Stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Software and engineering services stocks are listed technology companies that sell software platforms and engineering services to banks, governments and vehicle makers. Their earnings depend on licence and subscription revenue, contract wins and project pipelines.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Software_and_Engineering_Services_Stocks_at_a_Glance\"><\/span><strong>Software and Engineering 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\/kpittech\/kpit-technologies-ltd-share-price-today\">KPIT Technologies<\/a><\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">544.7<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">14,819<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">25.5<\/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;\">18.0<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.24<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\"><a href=\"https:\/\/univest.in\/stocks\/nucleus\/nucleus-software-exports-ltd-share-price-today\">Nucleus Software Exports<\/a><\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">666.45<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">1,731<\/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;\">17.5<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">14.7<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.01<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>On valuation, Nucleus Software Exports trades at a P\/E below the industry P\/E, while Newgen Software Technologies and KPIT Technologies trade above it, which reflects the growth the market already expects. Readers comparing software and engineering 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_Software_and_Engineering_Services_Stocks_Have_a_Strong_Roadmap_in_India\"><\/span><strong>Why Do Software and Engineering Services Stocks Have a Strong Roadmap in India?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Software and engineering services stocks have a strong roadmap in India because digital programmes at banks, governments and carmakers create long-running demand for specialised software and engineering skills.<\/p>\n<ul>\n<li><strong>Digital programmes.<\/strong> Banks and governments keep upgrading their systems.<\/li>\n<li><strong>Software-defined vehicles.<\/strong> Carmakers need large software teams.<\/li>\n<li><strong>Subscription shift.<\/strong> Recurring revenue builds visibility over time.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Why_Newgen_Software_Technologies_Features_Among_These_Software_and_Engineering_Services_Stocks\"><\/span><strong>Why Newgen Software Technologies Features Among These Software and Engineering Services Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Among the software and engineering 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>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%.<\/p>\n<p>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.<\/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_KPIT_Technologies_Features_Among_These_Software_and_Engineering_Services_Stocks\"><\/span><strong>Why KPIT Technologies Features Among These Software and Engineering Services Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Among the low-code software shares on this list, KPIT Technologies is a Pune-based provider of software and engineering services to vehicle makers, focusing on software-defined vehicles, electrification, connected systems and driver assistance.<\/p>\n<p>In the June 2026 quarter, revenue grew 8.3% year on year to Rs 1,683 crore. Revenue rose from Rs 2,477 crore in FY22 to Rs 6,541 crore in FY26, a compound annual growth rate of 27.5%.<\/p>\n<p>Net profit grew from Rs 276 crore in FY22 to Rs 637 crore in FY26, which works out to a compound annual growth rate of 23.2%. The company has a return on equity of 18.0%, a debt to equity ratio of 0.24 and a market capitalisation of Rs 14,819 crore. The stock trades at a P\/E of 25.5, above the industry P\/E of 17.5.<\/p>\n<p><strong>Roadmap:<\/strong> Global vehicle makers are spending more on software as vehicles become electric and connected, and the company works with many of the leading names. Its specialised talent and long-term programmes give it visibility across multiple years.<\/p>\n<p><strong>What to watch:<\/strong> Monitor deal wins with global vehicle makers and trends in engineering spending.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_Nucleus_Software_Exports_Features_Among_These_Software_and_Engineering_Services_Stocks\"><\/span><strong>Why Nucleus Software Exports Features Among These Software and Engineering Services Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Among the three companies on this list, Nucleus Software Exports is a Noida-based software products company that builds lending and transaction banking software, with its FinnAxia and FinnOne platforms used by banks and financial institutions in India and overseas.<\/p>\n<p>The company has a return on equity of 14.7%, a debt to equity ratio of 0.01 and a market capitalisation of Rs 1,731 crore. The stock trades at a P\/E of 16.4, below the industry P\/E of 17.5.<\/p>\n<p>Revenue rose from Rs 532 crore in FY22 to Rs 940 crore in FY26, a compound annual growth rate of 15.3%. Net profit grew from Rs 40.9 crore in FY22 to Rs 117 crore in FY26, which works out to a compound annual growth rate of 30.0%.<\/p>\n<p><strong>Roadmap:<\/strong> The company is moving customers to cloud-based and subscription offerings, which build recurring revenue over time. Banks upgrading lending and transaction systems create steady demand for its platforms.<\/p>\n<p><strong>What to watch:<\/strong> Monitor licence and subscription revenue and the pace of new customer wins.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Newgen_Software_Technologies_vs_KPIT_Technologies_vs_Nucleus_Software_Exports_on_Key_Financials\"><\/span><strong>Newgen Software Technologies vs KPIT Technologies vs Nucleus Software Exports on Key Financials<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The table below sets the three software and engineering 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;\">KPIT Technologies<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">2,477<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">6,541<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">27.5%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">637<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">9.7%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Nucleus Software Exports<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">532<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">940<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">15.3%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">117<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">12.4%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>Newgen Software Technologies posts the highest return on equity in this group at 18.7%. KPIT Technologies combines the largest FY26 revenue at Rs 6,541 crore with the fastest revenue growth, a 27.5% compound annual rate. A useful habit with software and engineering services stocks is to check each new quarterly result against the capacity plans the company described earlier.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Key_Risks_to_Check_Before_Investing_in_Software_and_Engineering_Services_Stocks\"><\/span><strong>Key Risks to Check Before Investing in Software and Engineering 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 software and engineering services stocks, the main points are:<\/p>\n<ul>\n<li><strong>Client budgets.<\/strong> Technology spending can slow when customers delay projects.<\/li>\n<li><strong>Contract timing.<\/strong> Large deals can shift between quarters.<\/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 software and engineering 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_Software_and_Engineering_Services_Stocks\"><\/span><strong>Final Thoughts on Software and Engineering Services Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Software and engineering services stocks reward investors who follow product revenue, deal wins and margins together. Newgen Software Technologies, KPIT Technologies and Nucleus Software Exports each have a distinct niche. Based on the 21 October 2026 close, Newgen Software Technologies trades at Rs 479.1, KPIT Technologies at Rs 544.7 and Nucleus Software Exports at Rs 666.45.<\/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 software and engineering 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_software_and_engineering_services_stocks\"><\/span><strong>What are software and engineering services stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Software and engineering services stocks are listed technology companies that sell software platforms and engineering services to banks, governments and vehicle makers. Their earnings depend on licence and subscription revenue, contract wins and project pipelines. This list looks at three of them, Newgen Software Technologies, KPIT Technologies and Nucleus Software Exports, using reported FY22 to FY26 financials and the 21 October 2026 closing prices.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Which_software_and_engineering_services_stocks_are_covered_in_this_list\"><\/span><strong>Which software and engineering 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, KPIT Technologies and Nucleus Software Exports. Based on the 21 October 2026 close, Newgen Software Technologies traded at Rs 479.1, KPIT Technologies at Rs 544.7 and Nucleus Software Exports at Rs 666.45. Their return on equity ranges from 14.7% to 18.7%, and their revenue compound annual growth from FY22 to FY26 ranges from 15.3% to 27.5%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Why_do_software_and_engineering_services_stocks_have_a_strong_future_roadmap_in_India\"><\/span><strong>Why do software and engineering services stocks have a strong future roadmap in India?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Software and engineering services stocks have a strong roadmap in India because digital programmes at banks, governments and carmakers create long-running demand for specialised software and engineering skills. The main drivers are as follows. Digital programmes. Banks and governments keep upgrading their systems. Software-defined vehicles. Carmakers need large software teams. Subscription shift. Recurring revenue builds visibility over time. 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_KPIT_Technologies_performed_financially\"><\/span><strong>How has KPIT Technologies performed financially?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Revenue rose from Rs 2,477 crore in FY22 to Rs 6,541 crore in FY26, a compound annual growth rate of 27.5%. Net profit grew from Rs 276 crore in FY22 to Rs 637 crore in FY26, which works out to a compound annual growth rate of 23.2%. In the June 2026 quarter, revenue grew 8.3% year on year to Rs 1,683 crore. The company has a return on equity of 18.0%, a debt to equity ratio of 0.24 and a market capitalisation of Rs 14,819 crore. The stock trades at a P\/E of 25.5, above the industry P\/E of 17.5. Looking ahead, global vehicle makers are spending more on software as vehicles become electric and connected, and the company works with many of the leading names. Its specialised talent and long-term programmes give it visibility across multiple years.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_has_Nucleus_Software_Exports_performed_financially\"><\/span><strong>How has Nucleus Software Exports performed financially?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Revenue rose from Rs 532 crore in FY22 to Rs 940 crore in FY26, a compound annual growth rate of 15.3%. Net profit grew from Rs 40.9 crore in FY22 to Rs 117 crore in FY26, which works out to a compound annual growth rate of 30.0%. The company has a return on equity of 14.7%, a debt to equity ratio of 0.01 and a market capitalisation of Rs 1,731 crore. The stock trades at a P\/E of 16.4, below the industry P\/E of 17.5. Looking ahead, the company is moving customers to cloud-based and subscription offerings, which build recurring revenue over time. Banks upgrading lending and transaction systems create steady demand for its platforms.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_risks_should_investors_check_before_buying_software_and_engineering_services_stocks\"><\/span><strong>What risks should investors check before buying software and engineering services stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Investors should check a few risks before buying software and engineering services stocks. Client budgets. Technology spending can slow when customers delay projects. Contract timing. Large deals can shift between quarters. 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_software_and_engineering_services_stocks_investment_advice\"><\/span><strong>Is this list of software and engineering 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 software and engineering services stocks?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Software and engineering services stocks are listed technology companies that sell software platforms and engineering services to banks, governments and vehicle makers. Their earnings depend on licence and subscription revenue, contract wins and project pipelines. This list looks at three of them, Newgen Software Technologies, KPIT Technologies and Nucleus Software Exports, using reported FY22 to FY26 financials and the 21 October 2026 closing prices.\"}},{\"@type\":\"Question\",\"name\":\"Which software and engineering services stocks are covered in this list?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"This list covers Newgen Software Technologies, KPIT Technologies and Nucleus Software Exports. Based on the 21 October 2026 close, Newgen Software Technologies traded at Rs 479.1, KPIT Technologies at Rs 544.7 and Nucleus Software Exports at Rs 666.45. Their return on equity ranges from 14.7% to 18.7%, and their revenue compound annual growth from FY22 to FY26 ranges from 15.3% to 27.5%.\"}},{\"@type\":\"Question\",\"name\":\"Why do software and engineering services stocks have a strong future roadmap in India?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Software and engineering services stocks have a strong roadmap in India because digital programmes at banks, governments and carmakers create long-running demand for specialised software and engineering skills. The main drivers are as follows. Digital programmes. Banks and governments keep upgrading their systems. Software-defined vehicles. Carmakers need large software teams. Subscription shift. Recurring revenue builds visibility over time. Together these factors give the companies on this list a visible path for growth over the coming years.\"}},{\"@type\":\"Question\",\"name\":\"How has Newgen Software Technologies performed financially?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"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.\"}},{\"@type\":\"Question\",\"name\":\"How has KPIT Technologies performed financially?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Revenue rose from Rs 2,477 crore in FY22 to Rs 6,541 crore in FY26, a compound annual growth rate of 27.5%. Net profit grew from Rs 276 crore in FY22 to Rs 637 crore in FY26, which works out to a compound annual growth rate of 23.2%. In the June 2026 quarter, revenue grew 8.3% year on year to Rs 1,683 crore. The company has a return on equity of 18.0%, a debt to equity ratio of 0.24 and a market capitalisation of Rs 14,819 crore. The stock trades at a P\/E of 25.5, above the industry P\/E of 17.5. Looking ahead, global vehicle makers are spending more on software as vehicles become electric and connected, and the company works with many of the leading names. Its specialised talent and long-term programmes give it visibility across multiple years.\"}},{\"@type\":\"Question\",\"name\":\"How has Nucleus Software Exports performed financially?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Revenue rose from Rs 532 crore in FY22 to Rs 940 crore in FY26, a compound annual growth rate of 15.3%. Net profit grew from Rs 40.9 crore in FY22 to Rs 117 crore in FY26, which works out to a compound annual growth rate of 30.0%. The company has a return on equity of 14.7%, a debt to equity ratio of 0.01 and a market capitalisation of Rs 1,731 crore. The stock trades at a P\/E of 16.4, below the industry P\/E of 17.5. Looking ahead, the company is moving customers to cloud-based and subscription offerings, which build recurring revenue over time. 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Compare price, valuation, return on equity and revenue growth as of 21 October 2026.<\/p>\n","protected":false},"author":29,"featured_media":323845,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[845],"tags":[3803,9154,14860,13945,14862,14859,14861],"class_list":["post-323846","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-best-stocks","tag-best-stocks","tag-kpit-technologies","tag-low-code-software-shares","tag-newgen-software-technologies","tag-nucleus-software-exports","tag-software-and-engineering-services-stocks","tag-vehicle-software-and-lending-product-stocks"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["323845"],"rank_math_title":["Software and Engineering Services Stocks to Watch"],"rank_math_description":["Compare 3 software and engineering services stocks with a strong future roadmap on CMP, market cap, P\/E, ROE and revenue growth. 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