{"id":328302,"date":"2026-10-27T12:33:08","date_gmt":"2026-10-27T07:03:08","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=328302"},"modified":"2026-10-27T12:33:08","modified_gmt":"2026-10-27T07:03:08","slug":"digital-engineering-and-cloud-company-software-products-and-platforms-builder-and-experience-services-provider-stocks-roadmap-paragon-list","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/digital-engineering-and-cloud-company-software-products-and-platforms-builder-and-experience-services-provider-stocks-roadmap-paragon-list\/","title":{"rendered":"3 Digital Engineering and Cloud Company, Software Products and Platforms Builder and Experience Services Provider Stocks With a Strong Future Roadmap: Mastek, Persistent Systems and Zensar Technologies"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>Mastek, Persistent Systems and Zensar Technologies: ROE of 13.5% to 21.0% and FY22 to FY26 revenue CAGR of 7.8% to 26.4%. Prices as of 26 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 cloud, platform and product engineering stocks to watch are Mastek, Persistent Systems and Zensar Technologies. Their return on equity ranges from 13.5% to 21.0%, and their revenue compound annual growth from FY22 to FY26 ranges from 7.8% to 26.4%. Persistent Systems leads on both return on equity at 21.0% and revenue growth at 26.4% a year. Prices are based on the 26 October 2026 close, and this article is educational, not investment advice.<\/p>\n<\/div>\n<p>Cloud, platform and product engineering stocks offer a focused view of a sector where demand keeps widening. Mastek, Persistent Systems and Zensar Technologies cover a digital engineering and cloud company, a software products and platforms builder and an experience services provider.<\/p>\n<p>This list covers three cloud, platform and product engineering stocks with complete current figures: Mastek, Persistent Systems and Zensar Technologies. Every figure comes from the latest reported financials and the 26 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-and-cloud-company-software-products-and-platforms-builder-and-experience-services-provider-stocks-roadmap-paragon-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-and-cloud-company-software-products-and-platforms-builder-and-experience-services-provider-stocks-roadmap-paragon-list\/#What_Are_Cloud_Platform_and_Product_Engineering_Stocks\" title=\"What Are Cloud, Platform and Product Engineering Stocks?\">What Are Cloud, Platform and Product Engineering 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-and-cloud-company-software-products-and-platforms-builder-and-experience-services-provider-stocks-roadmap-paragon-list\/#Cloud_Platform_and_Product_Engineering_Stocks_at_a_Glance\" title=\"Cloud, Platform and Product Engineering Stocks at a Glance\">Cloud, Platform and Product Engineering 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-and-cloud-company-software-products-and-platforms-builder-and-experience-services-provider-stocks-roadmap-paragon-list\/#Why_Do_Cloud_Platform_and_Product_Engineering_Stocks_Have_a_Strong_Roadmap_in_India\" title=\"Why Do Cloud, Platform and Product Engineering Stocks Have a Strong Roadmap in India?\">Why Do Cloud, Platform and Product Engineering 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-and-cloud-company-software-products-and-platforms-builder-and-experience-services-provider-stocks-roadmap-paragon-list\/#Why_Mastek_Features_Among_These_Cloud_Platform_and_Product_Engineering_Stocks\" title=\"Why Mastek Features Among These Cloud, Platform and Product Engineering Stocks\">Why Mastek Features Among These Cloud, Platform and Product Engineering 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-and-cloud-company-software-products-and-platforms-builder-and-experience-services-provider-stocks-roadmap-paragon-list\/#Why_Persistent_Systems_Features_Among_These_Cloud_Platform_and_Product_Engineering_Stocks\" title=\"Why Persistent Systems Features Among These Cloud, Platform and Product Engineering Stocks\">Why Persistent Systems Features Among These Cloud, Platform and Product Engineering 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-and-cloud-company-software-products-and-platforms-builder-and-experience-services-provider-stocks-roadmap-paragon-list\/#Why_Zensar_Technologies_Features_Among_These_Cloud_Platform_and_Product_Engineering_Stocks\" title=\"Why Zensar Technologies Features Among These Cloud, Platform and Product Engineering Stocks\">Why Zensar Technologies Features Among These Cloud, Platform and Product Engineering 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-and-cloud-company-software-products-and-platforms-builder-and-experience-services-provider-stocks-roadmap-paragon-list\/#Mastek_vs_Persistent_Systems_vs_Zensar_Technologies_on_Key_Financials\" title=\"Mastek vs Persistent Systems vs Zensar Technologies on Key Financials\">Mastek vs Persistent Systems vs Zensar Technologies 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-and-cloud-company-software-products-and-platforms-builder-and-experience-services-provider-stocks-roadmap-paragon-list\/#Key_Risks_to_Check_Before_Investing_in_Cloud_Platform_and_Product_Engineering_Stocks\" title=\"Key Risks to Check Before Investing in Cloud, Platform and Product Engineering Stocks\">Key Risks to Check Before Investing in Cloud, Platform and Product Engineering 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-and-cloud-company-software-products-and-platforms-builder-and-experience-services-provider-stocks-roadmap-paragon-list\/#Final_Thoughts_on_Cloud_Platform_and_Product_Engineering_Stocks\" title=\"Final Thoughts on Cloud, Platform and Product Engineering Stocks\">Final Thoughts on Cloud, Platform and Product Engineering 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-and-cloud-company-software-products-and-platforms-builder-and-experience-services-provider-stocks-roadmap-paragon-list\/#What_are_cloud_platform_and_product_engineering_stocks\" title=\"What are cloud, platform and product engineering stocks?\">What are cloud, platform and product engineering 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-and-cloud-company-software-products-and-platforms-builder-and-experience-services-provider-stocks-roadmap-paragon-list\/#Which_cloud_platform_and_product_engineering_stocks_are_covered_in_this_list\" title=\"Which cloud, platform and product engineering stocks are covered in this list?\">Which cloud, platform and product engineering 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-and-cloud-company-software-products-and-platforms-builder-and-experience-services-provider-stocks-roadmap-paragon-list\/#Why_do_cloud_platform_and_product_engineering_stocks_have_a_strong_future_roadmap_in_India\" title=\"Why do cloud, platform and product engineering stocks have a strong future roadmap in India?\">Why do cloud, platform and product engineering 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-and-cloud-company-software-products-and-platforms-builder-and-experience-services-provider-stocks-roadmap-paragon-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-14\" href=\"https:\/\/univest.in\/blogs-2\/digital-engineering-and-cloud-company-software-products-and-platforms-builder-and-experience-services-provider-stocks-roadmap-paragon-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-15\" href=\"https:\/\/univest.in\/blogs-2\/digital-engineering-and-cloud-company-software-products-and-platforms-builder-and-experience-services-provider-stocks-roadmap-paragon-list\/#How_has_Zensar_Technologies_performed_financially\" title=\"How has Zensar Technologies performed financially?\">How has Zensar Technologies performed financially?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/digital-engineering-and-cloud-company-software-products-and-platforms-builder-and-experience-services-provider-stocks-roadmap-paragon-list\/#What_risks_should_investors_check_before_buying_cloud_platform_and_product_engineering_stocks\" title=\"What risks should investors check before buying cloud, platform and product engineering stocks?\">What risks should investors check before buying cloud, platform and product engineering 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-and-cloud-company-software-products-and-platforms-builder-and-experience-services-provider-stocks-roadmap-paragon-list\/#Is_this_list_of_cloud_platform_and_product_engineering_stocks_investment_advice\" title=\"Is this list of cloud, platform and product engineering stocks investment advice?\">Is this list of cloud, platform and product engineering stocks investment advice?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"What_Are_Cloud_Platform_and_Product_Engineering_Stocks\"><\/span><strong>What Are Cloud, Platform and Product Engineering Stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Cloud, platform and product engineering stocks are listed technology companies that build software platforms, cloud solutions and digital experiences for clients in banking, healthcare and retail. Their earnings depend on client budgets, deal wins, utilisation and currency.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Cloud_Platform_and_Product_Engineering_Stocks_at_a_Glance\"><\/span><strong>Cloud, Platform and Product Engineering 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\/mastek\/mastek-ltd-share-price-today\">Mastek<\/a><\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">1,634.2<\/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<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;\">5,850<\/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\/zensartech\/zensar-technologies-ltd-share-price-today\">Zensar Technologies<\/a><\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">505.3<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">11,686<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">15.1<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">17.5<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">16.4<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.02<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>On valuation, Mastek and Zensar Technologies trade at a P\/E below the industry P\/E, while Persistent Systems trades above it, which reflects the growth the market already expects. Readers comparing cloud, platform and product engineering 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_Cloud_Platform_and_Product_Engineering_Stocks_Have_a_Strong_Roadmap_in_India\"><\/span><strong>Why Do Cloud, Platform and Product Engineering Stocks Have a Strong Roadmap in India?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Cloud, platform and product engineering stocks have a strong roadmap in India because digital spending, cloud migration and product engineering outsourcing keep widening the market for Indian technology firms.<\/p>\n<ul>\n<li><strong>Cloud projects.<\/strong> Enterprises move platforms to the cloud.<\/li>\n<li><strong>Product engineering.<\/strong> Clients outsource software platform work.<\/li>\n<li><strong>Experience services.<\/strong> Retail and finance firms upgrade customer journeys.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Why_Mastek_Features_Among_These_Cloud_Platform_and_Product_Engineering_Stocks\"><\/span><strong>Why Mastek Features Among These Cloud, Platform and Product Engineering Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Among the cloud, platform and product engineering stocks 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>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>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.<\/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=\"Why_Persistent_Systems_Features_Among_These_Cloud_Platform_and_Product_Engineering_Stocks\"><\/span><strong>Why Persistent Systems Features Among These Cloud, Platform and Product Engineering Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Among the public sector software and product engineering shares 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_Zensar_Technologies_Features_Among_These_Cloud_Platform_and_Product_Engineering_Stocks\"><\/span><strong>Why Zensar Technologies Features Among These Cloud, Platform and Product Engineering Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Among the three companies on this list, Zensar Technologies, an RPG group company, offers digital engineering, cloud and experience services to clients across financial services, retail and manufacturing.<\/p>\n<p>In the June 2026 quarter, revenue grew 8.6% year on year to Rs 1,566 crore, while net profit rose 1.0% to Rs 184 crore. Revenue rose from Rs 4,382 crore in FY22 to Rs 5,921 crore in FY26, a compound annual growth rate of 7.8%.<\/p>\n<p>Net profit grew from Rs 422 crore in FY22 to Rs 775 crore in FY26, which works out to a compound annual growth rate of 16.4%. The company has a return on equity of 16.4%, a debt to equity ratio of 0.02 and a market capitalisation of Rs 11,686 crore. The stock trades at a P\/E of 15.1, below the industry P\/E of 17.5.<\/p>\n<p><strong>Roadmap:<\/strong> Strong deal wins in cloud and data work, a focus on fewer, larger clients and the use of artificial intelligence in delivery support its path. Cost discipline has allowed margins to improve over the years.<\/p>\n<p><strong>What to watch:<\/strong> Follow client concentration and growth in large accounts.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Mastek_vs_Persistent_Systems_vs_Zensar_Technologies_on_Key_Financials\"><\/span><strong>Mastek vs Persistent Systems vs Zensar Technologies on Key Financials<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The table below sets the three cloud, platform and product engineering 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;\">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<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;\">Zensar Technologies<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">4,382<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">5,921<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">7.8%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">775<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">13.1%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>Persistent Systems posts the highest return on equity in this group at 21.0%. 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 cloud, platform and product engineering 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_Cloud_Platform_and_Product_Engineering_Stocks\"><\/span><strong>Key Risks to Check Before Investing in Cloud, Platform and Product Engineering 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 cloud, platform and product engineering stocks, the main points are:<\/p>\n<ul>\n<li><strong>Deal timing.<\/strong> Large contracts can shift between periods.<\/li>\n<li><strong>Client budgets.<\/strong> Spending can vary with global conditions.<\/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 cloud, platform and product engineering 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_Cloud_Platform_and_Product_Engineering_Stocks\"><\/span><strong>Final Thoughts on Cloud, Platform and Product Engineering Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Cloud, platform and product engineering stocks reward patient research into demand, execution and financial strength. Mastek, Persistent Systems and Zensar Technologies each have a clear plan to grow. Based on the 26 October 2026 close, Mastek trades at Rs 1,634.2, Persistent Systems at Rs 5,850 and Zensar Technologies at Rs 505.3.<\/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 cloud, platform and product engineering 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_cloud_platform_and_product_engineering_stocks\"><\/span><strong>What are cloud, platform and product engineering stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Cloud, platform and product engineering stocks are listed technology companies that build software platforms, cloud solutions and digital experiences for clients in banking, healthcare and retail. Their earnings depend on client budgets, deal wins, utilisation and currency. This list looks at three of them, Mastek, Persistent Systems and Zensar Technologies, using reported FY22 to FY26 financials and the 26 October 2026 closing prices.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Which_cloud_platform_and_product_engineering_stocks_are_covered_in_this_list\"><\/span><strong>Which cloud, platform and product engineering stocks are covered in this list?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> This list covers Mastek, Persistent Systems and Zensar Technologies. Based on the 26 October 2026 close, Mastek traded at Rs 1,634.2, Persistent Systems at Rs 5,850 and Zensar Technologies at Rs 505.3. Their return on equity ranges from 13.5% to 21.0%, and their revenue compound annual growth from FY22 to FY26 ranges from 7.8% to 26.4%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Why_do_cloud_platform_and_product_engineering_stocks_have_a_strong_future_roadmap_in_India\"><\/span><strong>Why do cloud, platform and product engineering stocks have a strong future roadmap in India?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Cloud, platform and product engineering stocks have a strong roadmap in India because digital spending, cloud migration and product engineering outsourcing keep widening the market for Indian technology firms. The main drivers are as follows. Cloud projects. Enterprises move platforms to the cloud. Product engineering. Clients outsource software platform work. Experience services. Retail and finance firms upgrade customer journeys. 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_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=\"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_Zensar_Technologies_performed_financially\"><\/span><strong>How has Zensar Technologies performed financially?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Revenue rose from Rs 4,382 crore in FY22 to Rs 5,921 crore in FY26, a compound annual growth rate of 7.8%. Net profit grew from Rs 422 crore in FY22 to Rs 775 crore in FY26, which works out to a compound annual growth rate of 16.4%. In the June 2026 quarter, revenue grew 8.6% year on year to Rs 1,566 crore, while net profit rose 1.0% to Rs 184 crore. The company has a return on equity of 16.4%, a debt to equity ratio of 0.02 and a market capitalisation of Rs 11,686 crore. The stock trades at a P\/E of 15.1, below the industry P\/E of 17.5. Looking ahead, strong deal wins in cloud and data work, a focus on fewer, larger clients and the use of artificial intelligence in delivery support its path. Cost discipline has allowed margins to improve over the years.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_risks_should_investors_check_before_buying_cloud_platform_and_product_engineering_stocks\"><\/span><strong>What risks should investors check before buying cloud, platform and product engineering stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Investors should check a few risks before buying cloud, platform and product engineering stocks. Deal timing. Large contracts can shift between periods. Client budgets. Spending can vary with global conditions. 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_cloud_platform_and_product_engineering_stocks_investment_advice\"><\/span><strong>Is this list of cloud, platform and product engineering 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 26 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 cloud, platform and product engineering stocks?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Cloud, platform and product engineering stocks are listed technology companies that build software platforms, cloud solutions and digital experiences for clients in banking, healthcare and retail. Their earnings depend on client budgets, deal wins, utilisation and currency. This list looks at three of them, Mastek, Persistent Systems and Zensar Technologies, using reported FY22 to FY26 financials and the 26 October 2026 closing prices.\"}},{\"@type\":\"Question\",\"name\":\"Which cloud, platform and product engineering stocks are covered in this list?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"This list covers Mastek, Persistent Systems and Zensar Technologies. Based on the 26 October 2026 close, Mastek traded at Rs 1,634.2, Persistent Systems at Rs 5,850 and Zensar Technologies at Rs 505.3. Their return on equity ranges from 13.5% to 21.0%, and their revenue compound annual growth from FY22 to FY26 ranges from 7.8% to 26.4%.\"}},{\"@type\":\"Question\",\"name\":\"Why do cloud, platform and product engineering stocks have a strong future roadmap in India?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Cloud, platform and product engineering stocks have a strong roadmap in India because digital spending, cloud migration and product engineering outsourcing keep widening the market for Indian technology firms. The main drivers are as follows. Cloud projects. Enterprises move platforms to the cloud. Product engineering. Clients outsource software platform work. Experience services. Retail and finance firms upgrade customer journeys. Together these factors give the companies on this list a visible path for growth over the coming years.\"}},{\"@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\":\"How has Persistent Systems performed financially?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"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.\"}},{\"@type\":\"Question\",\"name\":\"How has Zensar Technologies performed financially?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Revenue rose from Rs 4,382 crore in FY22 to Rs 5,921 crore in FY26, a compound annual growth rate of 7.8%. Net profit grew from Rs 422 crore in FY22 to Rs 775 crore in FY26, which works out to a compound annual growth rate of 16.4%. In the June 2026 quarter, revenue grew 8.6% year on year to Rs 1,566 crore, while net profit rose 1.0% to Rs 184 crore. The company has a return on equity of 16.4%, a debt to equity ratio of 0.02 and a market capitalisation of Rs 11,686 crore. The stock trades at a P\/E of 15.1, below the industry P\/E of 17.5. Looking ahead, strong deal wins in cloud and data work, a focus on fewer, larger clients and the use of artificial intelligence in delivery support its path. Cost discipline has allowed margins to improve over the years.\"}},{\"@type\":\"Question\",\"name\":\"What risks should investors check before buying cloud, platform and product engineering stocks?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Investors should check a few risks before buying cloud, platform and product engineering stocks. Deal timing. Large contracts can shift between periods. Client budgets. Spending can vary with global conditions. 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 cloud, platform and product engineering stocks investment advice?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"No. This article is educational and uses publicly available data as of the 26 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>Cloud, Platform and Product Engineering Stocks with a strong future roadmap: Mastek, Persistent Systems and Zensar Technologies. Compare price, valuation, return on equity and revenue growth as of 26 October 2026.<\/p>\n","protected":false},"author":28,"featured_media":328301,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[845],"tags":[3803,16755,8894,1223,16756,16757,16758,6974],"class_list":["post-328302","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-best-stocks","tag-best-stocks","tag-cloud","tag-mastek","tag-persistent-systems","tag-platform-and-product-engineering-stocks","tag-public-sector-software-and-product-engineering-shares","tag-rpg-group-technology-and-platform-stocks","tag-zensar-technologies"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["328301"],"rank_math_title":["Digital Engineering, Platform and Cloud Services Stocks"],"rank_math_description":["Compare 3 cloud, platform and product engineering stocks with a strong future roadmap on CMP, market cap, P\/E, ROE and revenue growth. Data as of 26 Oct 2026."],"rank_math_focus_keyword":["cloud, platform and product engineering stocks"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/10\/3-digital-engineering-and-cloud-company-software-products-and-platforms-builder.webp","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/328302","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/28"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=328302"}],"version-history":[{"count":1,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/328302\/revisions"}],"predecessor-version":[{"id":328303,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/328302\/revisions\/328303"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/328301"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=328302"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=328302"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=328302"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}