{"id":326954,"date":"2026-10-26T16:36:37","date_gmt":"2026-10-26T11:06:37","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=326954"},"modified":"2026-10-26T16:36:37","modified_gmt":"2026-10-26T11:06:37","slug":"digital-engineering-services-firm-data-and-operations-specialist-and-cash-management-provider-stocks-roadmap-horizon-list","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/digital-engineering-services-firm-data-and-operations-specialist-and-cash-management-provider-stocks-roadmap-horizon-list\/","title":{"rendered":"3 Digital Engineering Services Firm, Data and Operations Specialist and Cash Management Provider Stocks With a Strong Future Roadmap: Persistent Systems, eClerx Services and CMS Info Systems"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>Persistent Systems, eClerx Services and CMS Info Systems: ROE of 12.5% to 27.6% and FY22 to FY26 revenue CAGR of 12.2% to 26.4%. 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 digital engineering, data and cash stocks to watch are Persistent Systems, eClerx Services and CMS Info Systems. Their return on equity ranges from 12.5% to 27.6%, and their revenue compound annual growth from FY22 to FY26 ranges from 12.2% to 26.4%. eClerx Services has the highest return on equity at 27.6%, while Persistent Systems has the fastest revenue growth at 26.4% a year. Prices are based on the 23 October 2026 close, and this article is educational, not investment advice.<\/p>\n<\/div>\n<p>Digital engineering, data and cash stocks let investors follow companies that serve a growing part of the Indian economy. Persistent Systems, eClerx Services and CMS Info Systems cover a digital engineering services firm, a data and operations specialist and a cash management provider.<\/p>\n<p>This list covers three digital engineering, data and cash stocks with complete current figures: Persistent Systems, eClerx Services and CMS Info Systems. 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=digital-engineering-services-firm-data-and-operations-specialist-and-cash-management-provider-stocks-roadmap-horizon-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\/digital-engineering-services-firm-data-and-operations-specialist-and-cash-management-provider-stocks-roadmap-horizon-list\/#What_Are_Digital_Engineering_Data_and_Cash_Stocks\" title=\"What Are Digital Engineering, Data and Cash Stocks?\">What Are Digital Engineering, Data and Cash 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\/digital-engineering-services-firm-data-and-operations-specialist-and-cash-management-provider-stocks-roadmap-horizon-list\/#Digital_Engineering_Data_and_Cash_Stocks_at_a_Glance\" title=\"Digital Engineering, Data and Cash Stocks at a Glance\">Digital Engineering, Data and Cash 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\/digital-engineering-services-firm-data-and-operations-specialist-and-cash-management-provider-stocks-roadmap-horizon-list\/#Why_Do_Digital_Engineering_Data_and_Cash_Stocks_Have_a_Strong_Roadmap_in_India\" title=\"Why Do Digital Engineering, Data and Cash Stocks Have a Strong Roadmap in India?\">Why Do Digital Engineering, Data and Cash 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\/digital-engineering-services-firm-data-and-operations-specialist-and-cash-management-provider-stocks-roadmap-horizon-list\/#Why_Persistent_Systems_Features_Among_These_Digital_Engineering_Data_and_Cash_Stocks\" title=\"Why Persistent Systems Features Among These Digital Engineering, Data and Cash Stocks\">Why Persistent Systems Features Among These Digital Engineering, Data and Cash 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\/digital-engineering-services-firm-data-and-operations-specialist-and-cash-management-provider-stocks-roadmap-horizon-list\/#Why_eClerx_Services_Features_Among_These_Digital_Engineering_Data_and_Cash_Stocks\" title=\"Why eClerx Services Features Among These Digital Engineering, Data and Cash Stocks\">Why eClerx Services Features Among These Digital Engineering, Data and Cash 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\/digital-engineering-services-firm-data-and-operations-specialist-and-cash-management-provider-stocks-roadmap-horizon-list\/#Why_CMS_Info_Systems_Features_Among_These_Digital_Engineering_Data_and_Cash_Stocks\" title=\"Why CMS Info Systems Features Among These Digital Engineering, Data and Cash Stocks\">Why CMS Info Systems Features Among These Digital Engineering, Data and Cash 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\/digital-engineering-services-firm-data-and-operations-specialist-and-cash-management-provider-stocks-roadmap-horizon-list\/#Persistent_Systems_vs_eClerx_Services_vs_CMS_Info_Systems_on_Key_Financials\" title=\"Persistent Systems vs eClerx Services vs CMS Info Systems on Key Financials\">Persistent Systems vs eClerx Services vs CMS Info Systems 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\/digital-engineering-services-firm-data-and-operations-specialist-and-cash-management-provider-stocks-roadmap-horizon-list\/#Key_Risks_to_Check_Before_Investing_in_Digital_Engineering_Data_and_Cash_Stocks\" title=\"Key Risks to Check Before Investing in Digital Engineering, Data and Cash Stocks\">Key Risks to Check Before Investing in Digital Engineering, Data and Cash 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\/digital-engineering-services-firm-data-and-operations-specialist-and-cash-management-provider-stocks-roadmap-horizon-list\/#Final_Thoughts_on_Digital_Engineering_Data_and_Cash_Stocks\" title=\"Final Thoughts on Digital Engineering, Data and Cash Stocks\">Final Thoughts on Digital Engineering, Data and Cash 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\/digital-engineering-services-firm-data-and-operations-specialist-and-cash-management-provider-stocks-roadmap-horizon-list\/#What_are_digital_engineering_data_and_cash_stocks\" title=\"What are digital engineering, data and cash stocks?\">What are digital engineering, data and cash 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\/digital-engineering-services-firm-data-and-operations-specialist-and-cash-management-provider-stocks-roadmap-horizon-list\/#Which_digital_engineering_data_and_cash_stocks_are_covered_in_this_list\" title=\"Which digital engineering, data and cash stocks are covered in this list?\">Which digital engineering, data and cash 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\/digital-engineering-services-firm-data-and-operations-specialist-and-cash-management-provider-stocks-roadmap-horizon-list\/#Why_do_digital_engineering_data_and_cash_stocks_have_a_strong_future_roadmap_in_India\" title=\"Why do digital engineering, data and cash stocks have a strong future roadmap in India?\">Why do digital engineering, data and cash 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\/digital-engineering-services-firm-data-and-operations-specialist-and-cash-management-provider-stocks-roadmap-horizon-list\/#How_has_Persistent_Systems_performed_financially\" title=\"How has Persistent Systems performed financially?\">How has Persistent Systems 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\/digital-engineering-services-firm-data-and-operations-specialist-and-cash-management-provider-stocks-roadmap-horizon-list\/#How_has_eClerx_Services_performed_financially\" title=\"How has eClerx Services performed financially?\">How has eClerx 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\/digital-engineering-services-firm-data-and-operations-specialist-and-cash-management-provider-stocks-roadmap-horizon-list\/#How_has_CMS_Info_Systems_performed_financially\" title=\"How has CMS Info Systems performed financially?\">How has CMS Info Systems 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\/digital-engineering-services-firm-data-and-operations-specialist-and-cash-management-provider-stocks-roadmap-horizon-list\/#What_risks_should_investors_check_before_buying_digital_engineering_data_and_cash_stocks\" title=\"What risks should investors check before buying digital engineering, data and cash stocks?\">What risks should investors check before buying digital engineering, data and cash 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\/digital-engineering-services-firm-data-and-operations-specialist-and-cash-management-provider-stocks-roadmap-horizon-list\/#Is_this_list_of_digital_engineering_data_and_cash_stocks_investment_advice\" title=\"Is this list of digital engineering, data and cash stocks investment advice?\">Is this list of digital engineering, data and cash stocks investment advice?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"What_Are_Digital_Engineering_Data_and_Cash_Stocks\"><\/span><strong>What Are Digital Engineering, Data and Cash Stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Digital engineering, data and cash stocks are listed service companies that build software for global clients, run data and process work for banks and retailers and manage cash logistics. Their earnings depend on client budgets, deal wins, utilisation and bank outsourcing.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Digital_Engineering_Data_and_Cash_Stocks_at_a_Glance\"><\/span><strong>Digital Engineering, Data and Cash 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\/persistent\/persistent-systems-ltd-share-price-today\">Persistent Systems<\/a><\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">5,727.5<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">90,857<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">50.4<\/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;\">21.0<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.07<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\"><a href=\"https:\/\/univest.in\/stocks\/eclerx\/eclerx-services-ltd-share-price-today\">eClerx Services<\/a><\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">1,891.7<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">18,062<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">24.8<\/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;\">27.6<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.15<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\"><a href=\"https:\/\/univest.in\/stocks\/cmsinfo\/cms-info-systems-ltd-share-price-today\">CMS Info Systems<\/a><\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">202.31<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">3,380<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">11.5<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">36.2<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">12.5<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.09<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>On valuation, CMS Info Systems trades at a P\/E below the industry P\/E, while Persistent Systems and eClerx Services trade above it, which reflects the growth the market already expects. Readers comparing digital engineering, data and cash 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_Digital_Engineering_Data_and_Cash_Stocks_Have_a_Strong_Roadmap_in_India\"><\/span><strong>Why Do Digital Engineering, Data and Cash Stocks Have a Strong Roadmap in India?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Digital engineering, data and cash stocks have a strong roadmap in India because digital spending by global clients, data outsourcing and rising cash handling needs keep lifting demand for services.<\/p>\n<ul>\n<li><strong>Digital projects.<\/strong> Clients spend on cloud, data and product work.<\/li>\n<li><strong>Data outsourcing.<\/strong> Banks and retailers hand over analytics tasks.<\/li>\n<li><strong>Cash logistics.<\/strong> Lenders hand cash handling to specialists.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Why_Persistent_Systems_Features_Among_These_Digital_Engineering_Data_and_Cash_Stocks\"><\/span><strong>Why Persistent Systems Features Among These Digital Engineering, Data and Cash Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Among the digital engineering, data and cash stocks on this list, Persistent Systems is a Pune-based technology services and digital engineering company that builds software products and platforms for clients in banking, healthcare, software and hi-tech industries worldwide.<\/p>\n<p>Revenue rose from Rs 5,855 crore in FY22 to Rs 14,929 crore in FY26, a compound annual growth rate of 26.4%. Net profit grew from Rs 690 crore in FY22 to Rs 1,865 crore in FY26, which works out to a compound annual growth rate of 28.2%.<\/p>\n<p>The company has a return on equity of 21.0%, a debt to equity ratio of 0.07 and a market capitalisation of Rs 90,857 crore. The stock trades at a P\/E of 50.4, above the industry P\/E of 17.9.<\/p>\n<p><strong>Roadmap:<\/strong> The company is deepening its work in cloud, data and artificial intelligence, where enterprises are raising spending. A strong base of long-term clients helps it win larger engineering programmes.<\/p>\n<p><strong>What to watch:<\/strong> Track large deal wins, client additions and the share of artificial intelligence work in revenue.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_eClerx_Services_Features_Among_These_Digital_Engineering_Data_and_Cash_Stocks\"><\/span><strong>Why eClerx Services Features Among These Digital Engineering, Data and Cash Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Among the product engineering services shares on this list, eClerx Services, based in Mumbai, offers data analytics, digital operations and process services to financial services, retail and technology clients.<\/p>\n<p>The company has a return on equity of 27.6%, a debt to equity ratio of 0.15 and a market capitalisation of Rs 18,062 crore. The stock trades at a P\/E of 24.8, above the industry P\/E of 17.5.<\/p>\n<p>Revenue rose from Rs 2,185 crore in FY22 to Rs 4,218 crore in FY26, a compound annual growth rate of 17.9%. Net profit grew from Rs 418 crore in FY22 to Rs 706 crore in FY26, which works out to a compound annual growth rate of 14.0%. In the June 2026 quarter, revenue grew 23.8% year on year to Rs 1,170 crore, while net profit rose 16.0% to Rs 164 crore.<\/p>\n<p><strong>Roadmap:<\/strong> Clients are buying more data and automation work, and eClerx is adding artificial intelligence-led offerings. A balance sheet with little debt and high returns on capital gives it flexibility to invest and return cash.<\/p>\n<p><strong>What to watch:<\/strong> Monitor client additions and growth in digital offerings.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_CMS_Info_Systems_Features_Among_These_Digital_Engineering_Data_and_Cash_Stocks\"><\/span><strong>Why CMS Info Systems Features Among These Digital Engineering, Data and Cash Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Among the three companies on this list, CMS Info Systems provides cash management services, including ATM replenishment, cash pick-up and delivery, and managed services such as brown-label ATMs.<\/p>\n<p>Revenue rose from Rs 1,598 crore in FY22 to Rs 2,533 crore in FY26, a compound annual growth rate of 12.2%. Net profit grew from Rs 224 crore in FY22 to Rs 303 crore in FY26, which works out to a compound annual growth rate of 7.9%.<\/p>\n<p>In the June 2026 quarter, revenue grew 0.9% year on year to Rs 650 crore. The company has a return on equity of 12.5%, a debt to equity ratio of 0.09 and a market capitalisation of Rs 3,380 crore. The stock trades at a P\/E of 11.5, below the industry P\/E of 36.2.<\/p>\n<p><strong>Roadmap:<\/strong> Its cash logistics network covers a large number of locations, and it is adding managed services and technology-led businesses that need less capital. These services bring recurring contracts with banks.<\/p>\n<p><strong>What to watch:<\/strong> Follow growth in the managed services segment and trends in cash usage.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Persistent_Systems_vs_eClerx_Services_vs_CMS_Info_Systems_on_Key_Financials\"><\/span><strong>Persistent Systems vs eClerx Services vs CMS Info Systems on Key Financials<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The table below sets the three digital engineering, data and cash 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;\">Persistent Systems<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">5,855<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">14,929<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">26.4%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">1,865<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">12.5%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">eClerx Services<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">2,185<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">4,218<\/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;\">706<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">16.7%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">CMS Info Systems<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">1,598<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">2,533<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">12.2%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">303<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">12.0%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>eClerx Services posts the highest return on equity in this group at 27.6%. Persistent Systems combines the largest FY26 revenue at Rs 14,929 crore with the fastest revenue growth, a 26.4% compound annual rate. A useful habit with digital engineering, data and cash 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_Digital_Engineering_Data_and_Cash_Stocks\"><\/span><strong>Key Risks to Check Before Investing in Digital Engineering, Data and Cash 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 digital engineering, data and cash stocks, the main points are: Long-term product engineering services 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> Global spending cycles can change orders.<\/li>\n<li><strong>Currency moves.<\/strong> Export earnings move with the rupee.<\/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 digital engineering, data and cash 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_Digital_Engineering_Data_and_Cash_Stocks\"><\/span><strong>Final Thoughts on Digital Engineering, Data and Cash Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Digital engineering, data and cash stocks reward investors who follow demand trends, order books and margins together. Persistent Systems, eClerx Services and CMS Info Systems each have a clear plan to grow. Based on the 23 October 2026 close, Persistent Systems trades at Rs 5,727.5, eClerx Services at Rs 1,891.7 and CMS Info Systems at Rs 202.31.<\/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 digital engineering, data and cash 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_digital_engineering_data_and_cash_stocks\"><\/span><strong>What are digital engineering, data and cash stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Digital engineering, data and cash stocks are listed service companies that build software for global clients, run data and process work for banks and retailers and manage cash logistics. Their earnings depend on client budgets, deal wins, utilisation and bank outsourcing. This list looks at three of them, Persistent Systems, eClerx Services and CMS Info Systems, using reported FY22 to FY26 financials and the 23 October 2026 closing prices.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Which_digital_engineering_data_and_cash_stocks_are_covered_in_this_list\"><\/span><strong>Which digital engineering, data and cash stocks are covered in this list?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> This list covers Persistent Systems, eClerx Services and CMS Info Systems. Based on the 23 October 2026 close, Persistent Systems traded at Rs 5,727.5, eClerx Services at Rs 1,891.7 and CMS Info Systems at Rs 202.31. Their return on equity ranges from 12.5% to 27.6%, and their revenue compound annual growth from FY22 to FY26 ranges from 12.2% to 26.4%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Why_do_digital_engineering_data_and_cash_stocks_have_a_strong_future_roadmap_in_India\"><\/span><strong>Why do digital engineering, data and cash stocks have a strong future roadmap in India?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Digital engineering, data and cash stocks have a strong roadmap in India because digital spending by global clients, data outsourcing and rising cash handling needs keep lifting demand for services. The main drivers are as follows. Digital projects. Clients spend on cloud, data and product work. Data outsourcing. Banks and retailers hand over analytics tasks. Cash logistics. Lenders hand cash handling to specialists. 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_Persistent_Systems_performed_financially\"><\/span><strong>How has Persistent Systems performed financially?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Revenue rose from Rs 5,855 crore in FY22 to Rs 14,929 crore in FY26, a compound annual growth rate of 26.4%. Net profit grew from Rs 690 crore in FY22 to Rs 1,865 crore in FY26, which works out to a compound annual growth rate of 28.2%. The company has a return on equity of 21.0%, a debt to equity ratio of 0.07 and a market capitalisation of Rs 90,857 crore. The stock trades at a P\/E of 50.4, above the industry P\/E of 17.9. Looking ahead, the company is deepening its work in cloud, data and artificial intelligence, where enterprises are raising spending. A strong base of long-term clients helps it win larger engineering programmes.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_has_eClerx_Services_performed_financially\"><\/span><strong>How has eClerx Services performed financially?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Revenue rose from Rs 2,185 crore in FY22 to Rs 4,218 crore in FY26, a compound annual growth rate of 17.9%. Net profit grew from Rs 418 crore in FY22 to Rs 706 crore in FY26, which works out to a compound annual growth rate of 14.0%. In the June 2026 quarter, revenue grew 23.8% year on year to Rs 1,170 crore, while net profit rose 16.0% to Rs 164 crore. The company has a return on equity of 27.6%, a debt to equity ratio of 0.15 and a market capitalisation of Rs 18,062 crore. The stock trades at a P\/E of 24.8, above the industry P\/E of 17.5. Looking ahead, clients are buying more data and automation work, and eClerx is adding artificial intelligence-led offerings. A balance sheet with little debt and high returns on capital gives it flexibility to invest and return cash.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_has_CMS_Info_Systems_performed_financially\"><\/span><strong>How has CMS Info Systems performed financially?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Revenue rose from Rs 1,598 crore in FY22 to Rs 2,533 crore in FY26, a compound annual growth rate of 12.2%. Net profit grew from Rs 224 crore in FY22 to Rs 303 crore in FY26, which works out to a compound annual growth rate of 7.9%. In the June 2026 quarter, revenue grew 0.9% year on year to Rs 650 crore. The company has a return on equity of 12.5%, a debt to equity ratio of 0.09 and a market capitalisation of Rs 3,380 crore. The stock trades at a P\/E of 11.5, below the industry P\/E of 36.2. Looking ahead, its cash logistics network covers a large number of locations, and it is adding managed services and technology-led businesses that need less capital. These services bring recurring contracts with banks.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_risks_should_investors_check_before_buying_digital_engineering_data_and_cash_stocks\"><\/span><strong>What risks should investors check before buying digital engineering, data and cash stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Investors should check a few risks before buying digital engineering, data and cash stocks. Client budgets. Global spending cycles can change orders. Currency moves. Export earnings move with the rupee. 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_digital_engineering_data_and_cash_stocks_investment_advice\"><\/span><strong>Is this list of digital engineering, data and cash 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 digital engineering, data and cash stocks?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Digital engineering, data and cash stocks are listed service companies that build software for global clients, run data and process work for banks and retailers and manage cash logistics. Their earnings depend on client budgets, deal wins, utilisation and bank outsourcing. 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A strong base of long-term clients helps it win larger engineering programmes.\"}},{\"@type\":\"Question\",\"name\":\"How has eClerx Services performed financially?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Revenue rose from Rs 2,185 crore in FY22 to Rs 4,218 crore in FY26, a compound annual growth rate of 17.9%. Net profit grew from Rs 418 crore in FY22 to Rs 706 crore in FY26, which works out to a compound annual growth rate of 14.0%. In the June 2026 quarter, revenue grew 23.8% year on year to Rs 1,170 crore, while net profit rose 16.0% to Rs 164 crore. The company has a return on equity of 27.6%, a debt to equity ratio of 0.15 and a market capitalisation of Rs 18,062 crore. The stock trades at a P\/E of 24.8, above the industry P\/E of 17.5. Looking ahead, clients are buying more data and automation work, and eClerx is adding artificial intelligence-led offerings. 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These services bring recurring contracts with banks.\"}},{\"@type\":\"Question\",\"name\":\"What risks should investors check before buying digital engineering, data and cash stocks?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Investors should check a few risks before buying digital engineering, data and cash stocks. Client budgets. Global spending cycles can change orders. Currency moves. Export earnings move with the rupee. 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.\"}},{\"@type\":\"Question\",\"name\":\"Is this list of digital engineering, data and cash 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>Digital Engineering, Data and Cash Stocks with a strong future roadmap: Persistent Systems, eClerx Services and CMS Info Systems. Compare price, valuation, return on equity and revenue growth as of 23 October 2026.<\/p>\n","protected":false},"author":35,"featured_media":326953,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[845],"tags":[16106,3803,13948,16104,16103,14101,1223,16105],"class_list":["post-326954","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-best-stocks","tag-analytics-outsourcing-and-atm-cash-stocks","tag-best-stocks","tag-cms-info-systems","tag-data-and-cash-stocks","tag-digital-engineering","tag-eclerx-services","tag-persistent-systems","tag-product-engineering-services-shares"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["326953"],"rank_math_title":["Digital Engineering, Data and Cash Services Stocks"],"rank_math_description":["Compare 3 digital engineering, data and cash stocks with a strong future roadmap on CMP, market cap, P\/E, ROE and revenue growth. 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