{"id":326380,"date":"2026-10-26T11:39:19","date_gmt":"2026-10-26T06:09:19","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=326380"},"modified":"2026-10-26T11:39:19","modified_gmt":"2026-10-26T06:09:19","slug":"largest-indian-it-services-provider-engineering-r-d-services-leader-and-digital-engineering-company-stocks-roadmap-northstar-list","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/largest-indian-it-services-provider-engineering-r-d-services-leader-and-digital-engineering-company-stocks-roadmap-northstar-list\/","title":{"rendered":"3 Largest Indian IT Services Provider, Engineering R&#038;D Services Leader and Digital Engineering Company Stocks With a Strong Future Roadmap: Infosys, L&#038;T Technology Services and Mastek"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>Infosys, L&#038;T Technology Services and Mastek: ROE of 13.5% to 31.0% and FY22 to FY26 revenue CAGR of 10.2% to 14.2%. Prices as of 23 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 large IT services and engineering R&#038;D stocks to watch are Infosys, L&#038;T Technology Services and Mastek. Their return on equity ranges from 13.5% to 31.0%, and their revenue compound annual growth from FY22 to FY26 ranges from 10.2% to 14.2%. Infosys has the highest return on equity at 31.0%, while Mastek has the fastest revenue growth at 14.2% a year. Prices are based on the 23 October 2026 close, and this article is educational, not investment advice.<\/p>\n<\/div>\n<p>Large IT services and engineering R&#038;D stocks offer a focused view of a sector where demand keeps widening. Infosys, L&#038;T Technology Services and Mastek cover a leading Indian IT services provider, an engineering research and development services leader and a digital engineering company.<\/p>\n<p>This list covers three large IT services and engineering R&#038;D stocks with complete current figures: Infosys, L&#038;T Technology Services and Mastek. Every figure comes from the latest reported financials and the 23 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=largest-indian-it-services-provider-engineering-r-d-services-leader-and-digital-engineering-company-stocks-roadmap-northstar-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\/largest-indian-it-services-provider-engineering-r-d-services-leader-and-digital-engineering-company-stocks-roadmap-northstar-list\/#What_Are_Large_IT_Services_and_Engineering_R_D_Stocks\" title=\"What Are Large IT Services and Engineering R&#038;D Stocks?\">What Are Large IT Services and Engineering R&#038;D 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\/largest-indian-it-services-provider-engineering-r-d-services-leader-and-digital-engineering-company-stocks-roadmap-northstar-list\/#Large_IT_Services_and_Engineering_R_D_Stocks_at_a_Glance\" title=\"Large IT Services and Engineering R&#038;D Stocks at a Glance\">Large IT Services and Engineering R&#038;D 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\/largest-indian-it-services-provider-engineering-r-d-services-leader-and-digital-engineering-company-stocks-roadmap-northstar-list\/#Why_Do_Large_IT_Services_and_Engineering_R_D_Stocks_Have_a_Strong_Roadmap_in_India\" title=\"Why Do Large IT Services and Engineering R&#038;D Stocks Have a Strong Roadmap in India?\">Why Do Large IT Services and Engineering R&#038;D 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\/largest-indian-it-services-provider-engineering-r-d-services-leader-and-digital-engineering-company-stocks-roadmap-northstar-list\/#Why_Infosys_Features_Among_These_Large_IT_Services_and_Engineering_R_D_Stocks\" title=\"Why Infosys Features Among These Large IT Services and Engineering R&#038;D Stocks\">Why Infosys Features Among These Large IT Services and Engineering R&#038;D 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\/largest-indian-it-services-provider-engineering-r-d-services-leader-and-digital-engineering-company-stocks-roadmap-northstar-list\/#Why_L_T_Technology_Services_Features_Among_These_Large_IT_Services_and_Engineering_R_D_Stocks\" title=\"Why L&#038;T Technology Services Features Among These Large IT Services and Engineering R&#038;D Stocks\">Why L&#038;T Technology Services Features Among These Large IT Services and Engineering R&#038;D 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\/largest-indian-it-services-provider-engineering-r-d-services-leader-and-digital-engineering-company-stocks-roadmap-northstar-list\/#Why_Mastek_Features_Among_These_Large_IT_Services_and_Engineering_R_D_Stocks\" title=\"Why Mastek Features Among These Large IT Services and Engineering R&#038;D Stocks\">Why Mastek Features Among These Large IT Services and Engineering R&#038;D 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\/largest-indian-it-services-provider-engineering-r-d-services-leader-and-digital-engineering-company-stocks-roadmap-northstar-list\/#Infosys_vs_L_T_Technology_Services_vs_Mastek_on_Key_Financials\" title=\"Infosys vs L&#038;T Technology Services vs Mastek on Key Financials\">Infosys vs L&#038;T Technology Services vs Mastek 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\/largest-indian-it-services-provider-engineering-r-d-services-leader-and-digital-engineering-company-stocks-roadmap-northstar-list\/#Key_Risks_to_Check_Before_Investing_in_Large_IT_Services_and_Engineering_R_D_Stocks\" title=\"Key Risks to Check Before Investing in Large IT Services and Engineering R&#038;D Stocks\">Key Risks to Check Before Investing in Large IT Services and Engineering R&#038;D 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\/largest-indian-it-services-provider-engineering-r-d-services-leader-and-digital-engineering-company-stocks-roadmap-northstar-list\/#Final_Thoughts_on_Large_IT_Services_and_Engineering_R_D_Stocks\" title=\"Final Thoughts on Large IT Services and Engineering R&#038;D Stocks\">Final Thoughts on Large IT Services and Engineering R&#038;D 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\/largest-indian-it-services-provider-engineering-r-d-services-leader-and-digital-engineering-company-stocks-roadmap-northstar-list\/#What_are_large_IT_services_and_engineering_R_D_stocks\" title=\"What are large IT services and engineering R&#038;D stocks?\">What are large IT services and engineering R&#038;D 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\/largest-indian-it-services-provider-engineering-r-d-services-leader-and-digital-engineering-company-stocks-roadmap-northstar-list\/#Which_large_IT_services_and_engineering_R_D_stocks_are_covered_in_this_list\" title=\"Which large IT services and engineering R&#038;D stocks are covered in this list?\">Which large IT services and engineering R&#038;D 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\/largest-indian-it-services-provider-engineering-r-d-services-leader-and-digital-engineering-company-stocks-roadmap-northstar-list\/#Why_do_large_IT_services_and_engineering_R_D_stocks_have_a_strong_future_roadmap_in_India\" title=\"Why do large IT services and engineering R&#038;D stocks have a strong future roadmap in India?\">Why do large IT services and engineering R&#038;D 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\/largest-indian-it-services-provider-engineering-r-d-services-leader-and-digital-engineering-company-stocks-roadmap-northstar-list\/#How_has_Infosys_performed_financially\" title=\"How has Infosys performed financially?\">How has Infosys 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\/largest-indian-it-services-provider-engineering-r-d-services-leader-and-digital-engineering-company-stocks-roadmap-northstar-list\/#How_has_L_T_Technology_Services_performed_financially\" title=\"How has L&#038;T Technology Services performed financially?\">How has L&#038;T Technology Services 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\/largest-indian-it-services-provider-engineering-r-d-services-leader-and-digital-engineering-company-stocks-roadmap-northstar-list\/#How_has_Mastek_performed_financially\" title=\"How has Mastek performed financially?\">How has Mastek 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\/largest-indian-it-services-provider-engineering-r-d-services-leader-and-digital-engineering-company-stocks-roadmap-northstar-list\/#What_risks_should_investors_check_before_buying_large_IT_services_and_engineering_R_D_stocks\" title=\"What risks should investors check before buying large IT services and engineering R&#038;D stocks?\">What risks should investors check before buying large IT services and engineering R&#038;D 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\/largest-indian-it-services-provider-engineering-r-d-services-leader-and-digital-engineering-company-stocks-roadmap-northstar-list\/#Is_this_list_of_large_IT_services_and_engineering_R_D_stocks_investment_advice\" title=\"Is this list of large IT services and engineering R&#038;D stocks investment advice?\">Is this list of large IT services and engineering R&#038;D stocks investment advice?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"What_Are_Large_IT_Services_and_Engineering_R_D_Stocks\"><\/span><strong>What Are Large IT Services and Engineering R&#038;D Stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Large IT services and engineering R&#038;D stocks are listed technology companies that provide digital, cloud and engineering services to global enterprises. Their earnings depend on client spending, large deals, utilisation and currency.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Large_IT_Services_and_Engineering_R_D_Stocks_at_a_Glance\"><\/span><strong>Large IT Services and Engineering R&#038;D 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\/infy\/infosys-ltd-share-price-today\">Infosys<\/a><\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">1,153.8<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">468,528<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">15.4<\/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;\">31.0<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.09<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\"><a href=\"https:\/\/univest.in\/stocks\/ltts\/landt-technology-services-ltd-share-price-today\">L&#038;T Technology Services<\/a><\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">3,910.3<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">41,952<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">27.2<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">17.9<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">21.7<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.08<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\"><a href=\"https:\/\/univest.in\/stocks\/mastek\/mastek-ltd-share-price-today\">Mastek<\/a><\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">1,761.6<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">5,673<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">13.6<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">17.9<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">13.5<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.15<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>On valuation, Infosys and Mastek trade at a P\/E below the industry P\/E, while L&#038;T Technology Services trades above it, which reflects the growth the market already expects. Readers comparing large IT services and engineering R&#038;D 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_Large_IT_Services_and_Engineering_R_D_Stocks_Have_a_Strong_Roadmap_in_India\"><\/span><strong>Why Do Large IT Services and Engineering R&#038;D Stocks Have a Strong Roadmap in India?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Large IT services and engineering R&#038;D stocks have a strong roadmap in India because global companies keep outsourcing technology and engineering work, and artificial intelligence and cloud projects add to the deal pipeline.<\/p>\n<ul>\n<li><strong>Large deals.<\/strong> Multi-year contracts add visibility.<\/li>\n<li><strong>Engineering services.<\/strong> Product makers outsource design and testing.<\/li>\n<li><strong>Artificial intelligence.<\/strong> New projects add to the pipeline.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Why_Infosys_Features_Among_These_Large_IT_Services_and_Engineering_R_D_Stocks\"><\/span><strong>Why Infosys Features Among These Large IT Services and Engineering R&#038;D Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Among the large IT services and engineering R&#038;D stocks on this list, Infosys is a leading Indian technology services company that provides digital, cloud, data and consulting services to global enterprises across banking, retail, energy and other industries.<\/p>\n<p>Revenue rose from Rs 123,936 crore in FY22 to Rs 182,972 crore in FY26, a compound annual growth rate of 10.2%. Net profit grew from Rs 22,146 crore in FY22 to Rs 29,474 crore in FY26, which works out to a compound annual growth rate of 7.4%.<\/p>\n<p>The company has a return on equity of 31.0%, a debt to equity ratio of 0.09 and a market capitalisation of Rs 468,528 crore. The stock trades at a P\/E of 15.4, below the industry P\/E of 17.6.<\/p>\n<p><strong>Roadmap:<\/strong> The company is investing in artificial intelligence and cloud services, which are becoming central to client budgets. Large deal wins and strong client relationships support steady growth.<\/p>\n<p><strong>What to watch:<\/strong> Track large deal wins, margin trends and client demand for artificial intelligence services.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_L_T_Technology_Services_Features_Among_These_Large_IT_Services_and_Engineering_R_D_Stocks\"><\/span><strong>Why L&#038;T Technology Services Features Among These Large IT Services and Engineering R&#038;D Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Among the global IT services company shares on this list, L&#038;T Technology Services provides engineering and research and development services to global customers in transportation, industrial products, telecom, plant engineering and medical devices.<\/p>\n<p>The company has a return on equity of 21.7%, a debt to equity ratio of 0.08 and a market capitalisation of Rs 41,952 crore. The stock trades at a P\/E of 27.2, above the industry P\/E of 17.9.<\/p>\n<p>Revenue rose from Rs 6,722 crore in FY22 to Rs 11,217 crore in FY26, a compound annual growth rate of 13.7%. Net profit grew from Rs 961 crore in FY22 to Rs 1,230 crore in FY26, which works out to a compound annual growth rate of 6.4%.<\/p>\n<p><strong>Roadmap:<\/strong> The company is growing in areas such as electric mobility, software-defined products and sustainability, where manufacturers outsource design and testing. Deep domain skills help it win multi-year programmes.<\/p>\n<p><strong>What to watch:<\/strong> Follow large deal wins, margin trends and demand from transportation and technology clients.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_Mastek_Features_Among_These_Large_IT_Services_and_Engineering_R_D_Stocks\"><\/span><strong>Why Mastek Features Among These Large IT Services and Engineering R&#038;D Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Among the three companies on this list, Mastek is a digital engineering and cloud services company that serves clients in the United Kingdom, the United States and other regions, with a strong presence in public sector, retail and financial services.<\/p>\n<p>Revenue rose from Rs 2,220 crore in FY22 to Rs 3,769 crore in FY26, a compound annual growth rate of 14.2%. Net profit grew from Rs 310 crore in FY23 to Rs 404 crore in FY26, which works out to a compound annual growth rate of 9.2%.<\/p>\n<p>In the June 2026 quarter, revenue grew 7.8% year on year to Rs 997 crore, while net profit rose 15.0% to Rs 106 crore. The company has a return on equity of 13.5%, a debt to equity ratio of 0.15 and a market capitalisation of Rs 5,673 crore. The stock trades at a P\/E of 13.6, below the industry P\/E of 17.9.<\/p>\n<p><strong>Roadmap:<\/strong> The company is expanding its cloud, data and software engineering work and deepening ties with existing clients. A focus on repeat engagements supports steady revenue.<\/p>\n<p><strong>What to watch:<\/strong> Follow client additions, order book momentum and growth in cloud and data services.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Infosys_vs_L_T_Technology_Services_vs_Mastek_on_Key_Financials\"><\/span><strong>Infosys vs L&#038;T Technology Services vs Mastek on Key Financials<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The table below sets the three large IT services and engineering R&#038;D 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;\">Infosys<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">123,936<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">182,972<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">10.2%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">29,474<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">16.1%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">L&#038;T Technology Services<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">6,722<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">11,217<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">13.7%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">1,230<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">11.0%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Mastek<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">2,220<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">3,769<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">14.2%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">404<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">10.7%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>Infosys posts the highest return on equity in this group at 31.0%. Infosys has the largest FY26 revenue at Rs 182,972 crore, and Mastek shows the fastest revenue growth with a 14.2% compound annual rate.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Key_Risks_to_Check_Before_Investing_in_Large_IT_Services_and_Engineering_R_D_Stocks\"><\/span><strong>Key Risks to Check Before Investing in Large IT Services and Engineering R&#038;D 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 large IT services and engineering R&#038;D stocks, the main points are:<\/p>\n<ul>\n<li><strong>Client spending.<\/strong> Technology budgets can shift with the global economy.<\/li>\n<li><strong>Currency moves.<\/strong> Export earnings are affected by rupee movements.<\/li>\n<li><strong>Deal timing.<\/strong> Large contracts can shift between quarters.<\/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 large IT services and engineering R&#038;D 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_Large_IT_Services_and_Engineering_R_D_Stocks\"><\/span><strong>Final Thoughts on Large IT Services and Engineering R&#038;D Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Large IT services and engineering R&#038;D stocks reward patient research into demand, execution and financial strength. Infosys, L&#038;T Technology Services and Mastek each have a clear plan to grow. Based on the 23 October 2026 close, Infosys trades at Rs 1,153.8, L&#038;T Technology Services at Rs 3,910.3 and Mastek at Rs 1,761.6.<\/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 large IT services and engineering R&#038;D 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_large_IT_services_and_engineering_R_D_stocks\"><\/span><strong>What are large IT services and engineering R&#038;D stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Large IT services and engineering R&#038;D stocks are listed technology companies that provide digital, cloud and engineering services to global enterprises. Their earnings depend on client spending, large deals, utilisation and currency. This list looks at three of them, Infosys, L&#038;T Technology Services and Mastek, using reported FY22 to FY26 financials and the 23 October 2026 closing prices.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Which_large_IT_services_and_engineering_R_D_stocks_are_covered_in_this_list\"><\/span><strong>Which large IT services and engineering R&#038;D stocks are covered in this list?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> This list covers Infosys, L&#038;T Technology Services and Mastek. Based on the 23 October 2026 close, Infosys traded at Rs 1,153.8, L&#038;T Technology Services at Rs 3,910.3 and Mastek at Rs 1,761.6. Their return on equity ranges from 13.5% to 31.0%, and their revenue compound annual growth from FY22 to FY26 ranges from 10.2% to 14.2%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Why_do_large_IT_services_and_engineering_R_D_stocks_have_a_strong_future_roadmap_in_India\"><\/span><strong>Why do large IT services and engineering R&#038;D stocks have a strong future roadmap in India?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Large IT services and engineering R&#038;D stocks have a strong roadmap in India because global companies keep outsourcing technology and engineering work, and artificial intelligence and cloud projects add to the deal pipeline. The main drivers are as follows. Large deals. Multi-year contracts add visibility. Engineering services. Product makers outsource design and testing. Artificial intelligence. New projects add to the pipeline. 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_Infosys_performed_financially\"><\/span><strong>How has Infosys performed financially?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Revenue rose from Rs 123,936 crore in FY22 to Rs 182,972 crore in FY26, a compound annual growth rate of 10.2%. Net profit grew from Rs 22,146 crore in FY22 to Rs 29,474 crore in FY26, which works out to a compound annual growth rate of 7.4%. The company has a return on equity of 31.0%, a debt to equity ratio of 0.09 and a market capitalisation of Rs 468,528 crore. The stock trades at a P\/E of 15.4, below the industry P\/E of 17.6. Looking ahead, the company is investing in artificial intelligence and cloud services, which are becoming central to client budgets. Large deal wins and strong client relationships support steady growth.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_has_L_T_Technology_Services_performed_financially\"><\/span><strong>How has L&#038;T Technology Services performed financially?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Revenue rose from Rs 6,722 crore in FY22 to Rs 11,217 crore in FY26, a compound annual growth rate of 13.7%. Net profit grew from Rs 961 crore in FY22 to Rs 1,230 crore in FY26, which works out to a compound annual growth rate of 6.4%. The company has a return on equity of 21.7%, a debt to equity ratio of 0.08 and a market capitalisation of Rs 41,952 crore. The stock trades at a P\/E of 27.2, above the industry P\/E of 17.9. Looking ahead, the company is growing in areas such as electric mobility, software-defined products and sustainability, where manufacturers outsource design and testing. Deep domain skills help it win multi-year programmes.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_has_Mastek_performed_financially\"><\/span><strong>How has Mastek performed financially?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Revenue rose from Rs 2,220 crore in FY22 to Rs 3,769 crore in FY26, a compound annual growth rate of 14.2%. Net profit grew from Rs 310 crore in FY23 to Rs 404 crore in FY26, which works out to a compound annual growth rate of 9.2%. In the June 2026 quarter, revenue grew 7.8% year on year to Rs 997 crore, while net profit rose 15.0% to Rs 106 crore. The company has a return on equity of 13.5%, a debt to equity ratio of 0.15 and a market capitalisation of Rs 5,673 crore. The stock trades at a P\/E of 13.6, below the industry P\/E of 17.9. Looking ahead, the company is expanding its cloud, data and software engineering work and deepening ties with existing clients. A focus on repeat engagements supports steady revenue.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_risks_should_investors_check_before_buying_large_IT_services_and_engineering_R_D_stocks\"><\/span><strong>What risks should investors check before buying large IT services and engineering R&#038;D stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Investors should check a few risks before buying large IT services and engineering R&#038;D stocks. Client spending. Technology budgets can shift with the global economy. Currency moves. Export earnings are affected by rupee movements. Deal timing. Large contracts can shift between quarters. 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_large_IT_services_and_engineering_R_D_stocks_investment_advice\"><\/span><strong>Is this list of large IT services and engineering R&#038;D 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 23 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 large IT services and engineering R&D stocks?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Large IT services and engineering R&D stocks are listed technology companies that provide digital, cloud and engineering services to global enterprises. Their earnings depend on client spending, large deals, utilisation and currency. This list looks at three of them, Infosys, L&T Technology Services and Mastek, using reported FY22 to FY26 financials and the 23 October 2026 closing prices.\"}},{\"@type\":\"Question\",\"name\":\"Which large IT services and engineering R&D stocks are covered in this list?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"This list covers Infosys, L&T Technology Services and Mastek. Based on the 23 October 2026 close, Infosys traded at Rs 1,153.8, L&T Technology Services at Rs 3,910.3 and Mastek at Rs 1,761.6. Their return on equity ranges from 13.5% to 31.0%, and their revenue compound annual growth from FY22 to FY26 ranges from 10.2% to 14.2%.\"}},{\"@type\":\"Question\",\"name\":\"Why do large IT services and engineering R&D stocks have a strong future roadmap in India?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Large IT services and engineering R&D stocks have a strong roadmap in India because global companies keep outsourcing technology and engineering work, and artificial intelligence and cloud projects add to the deal pipeline. The main drivers are as follows. Large deals. Multi-year contracts add visibility. Engineering services. Product makers outsource design and testing. Artificial intelligence. New projects add to the pipeline. Together these factors give the companies on this list a visible path for growth over the coming years.\"}},{\"@type\":\"Question\",\"name\":\"How has Infosys performed financially?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Revenue rose from Rs 123,936 crore in FY22 to Rs 182,972 crore in FY26, a compound annual growth rate of 10.2%. Net profit grew from Rs 22,146 crore in FY22 to Rs 29,474 crore in FY26, which works out to a compound annual growth rate of 7.4%. The company has a return on equity of 31.0%, a debt to equity ratio of 0.09 and a market capitalisation of Rs 468,528 crore. The stock trades at a P\/E of 15.4, below the industry P\/E of 17.6. Looking ahead, the company is investing in artificial intelligence and cloud services, which are becoming central to client budgets. Large deal wins and strong client relationships support steady growth.\"}},{\"@type\":\"Question\",\"name\":\"How has L&T Technology Services performed financially?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Revenue rose from Rs 6,722 crore in FY22 to Rs 11,217 crore in FY26, a compound annual growth rate of 13.7%. Net profit grew from Rs 961 crore in FY22 to Rs 1,230 crore in FY26, which works out to a compound annual growth rate of 6.4%. The company has a return on equity of 21.7%, a debt to equity ratio of 0.08 and a market capitalisation of Rs 41,952 crore. The stock trades at a P\/E of 27.2, above the industry P\/E of 17.9. Looking ahead, the company is growing in areas such as electric mobility, software-defined products and sustainability, where manufacturers outsource design and testing. Deep domain skills help it win multi-year programmes.\"}},{\"@type\":\"Question\",\"name\":\"How has Mastek performed financially?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Revenue rose from Rs 2,220 crore in FY22 to Rs 3,769 crore in FY26, a compound annual growth rate of 14.2%. Net profit grew from Rs 310 crore in FY23 to Rs 404 crore in FY26, which works out to a compound annual growth rate of 9.2%. In the June 2026 quarter, revenue grew 7.8% year on year to Rs 997 crore, while net profit rose 15.0% to Rs 106 crore. The company has a return on equity of 13.5%, a debt to equity ratio of 0.15 and a market capitalisation of Rs 5,673 crore. The stock trades at a P\/E of 13.6, below the industry P\/E of 17.9. Looking ahead, the company is expanding its cloud, data and software engineering work and deepening ties with existing clients. A focus on repeat engagements supports steady revenue.\"}},{\"@type\":\"Question\",\"name\":\"What risks should investors check before buying large IT services and engineering R&D stocks?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Investors should check a few risks before buying large IT services and engineering R&D stocks. Client spending. Technology budgets can shift with the global economy. Currency moves. Export earnings are affected by rupee movements. Deal timing. Large contracts can shift between quarters. Reading the latest results presentation and comparing each company with its peers helps judge how these risks apply to each stock.\"}},{\"@type\":\"Question\",\"name\":\"Is this list of large IT services and engineering R&D stocks investment advice?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"No. This article is educational and uses publicly available data as of the 23 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.\"}}]}<\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Large IT Services and Engineering R&#038;D Stocks with a strong future roadmap: Infosys, L&#038;T Technology Services and Mastek. Compare price, valuation, return on equity and revenue growth as of 23 October 2026.<\/p>\n","protected":false},"author":36,"featured_media":326378,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[845],"tags":[3803,15872,15871,3791,15870,8894],"class_list":["post-326380","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-best-stocks","tag-best-stocks","tag-engineering-research-and-digital-stocks","tag-global-it-services-company-shares","tag-infosys","tag-large-it-services-and-engineering-rd-stocks","tag-mastek"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["326378"],"rank_math_title":["Large IT Services and Engineering R&amp;D Stocks"],"rank_math_description":["Compare 3 large IT services and engineering R&amp;D stocks with a strong future roadmap on CMP, market cap, P\/E, ROE and revenue growth. 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