3 Data Analytics Services Firm, Applications and Cloud Services Provider and Telecom and Enterprise Services Company Stocks With a Strong Future Roadmap: Latent View Analytics, Mphasis and Tech Mahindra

Latent View Analytics, Mphasis and Tech Mahindra: ROE of 11.3% to 18.6% and FY22 to FY26 revenue CAGR of 5.6% to 27.6%. Prices as of 26 Oct 2026.

Updated: 27 Oct 2026 • 12:32 pm

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3 Data Analytics Services Firm, Applications and Cloud Services Provider and Telecom and Enterprise Services Company Stocks With a Strong Future Roadmap: Latent View Analytics, Mphasis and Tech Mahindra

Quick Answer

The three data analytics, cloud and telecom IT stocks to watch are Latent View Analytics, Mphasis and Tech Mahindra. Their return on equity ranges from 11.3% to 18.6%, and their revenue compound annual growth from FY22 to FY26 ranges from 5.6% to 27.6%. Tech Mahindra has the highest return on equity at 18.6%, while Latent View Analytics has the fastest revenue growth at 27.6% a year. Prices are based on the 26 October 2026 close, and this article is educational, not investment advice.

Data analytics, cloud and telecom IT stocks give investors a way to track businesses that sit close to everyday demand in India. Latent View Analytics, Mphasis and Tech Mahindra cover a data analytics services firm, an applications and cloud services provider and a telecom and enterprise services company.

This list covers three data analytics, cloud and telecom IT stocks with complete current figures: Latent View Analytics, Mphasis and Tech Mahindra. Every figure comes from the latest reported financials and the 26 October 2026 market close. Companies without complete current figures were left out.

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Table of Contents

What Are Data Analytics, Cloud and Telecom IT Stocks?

Data analytics, cloud and telecom IT stocks are listed technology services companies that provide analytics, cloud applications and network services to global enterprises. Their earnings depend on client budgets, deal wins, utilisation and currency.

Data Analytics, Cloud and Telecom IT Stocks at a Glance

Company	CMP (Rs)	Market Cap (Rs Cr)	P/E	Industry P/E	ROE (%)	D/E
Latent View Analytics	225.3	4,968	25.0	17.5	11.3	0.02
Mphasis	2,557.6	47,695	25.0	17.5	17.3	0.24
Tech Mahindra	1,795	175,398	31.5	17.6	18.6	0.07

On valuation, all three trade at a P/E above their industry P/E, which reflects the growth the market already expects from them. Readers comparing data analytics, cloud and telecom IT stocks should look at return on equity and debt together, since a high return earned with low debt is easier to sustain.

Why Do Data Analytics, Cloud and Telecom IT Stocks Have a Strong Roadmap in India?

Data analytics, cloud and telecom IT stocks have a strong roadmap in India because digital spending, cloud migration and data work keep widening the market for Indian technology firms.

Data work. Firms invest in analytics and artificial intelligence.
Cloud projects. Enterprises move platforms to the cloud.
Network services. Telecom clients outsource operations.

Why Latent View Analytics Features Among These Data Analytics, Cloud and Telecom IT Stocks

Among the data analytics, cloud and telecom IT stocks on this list, Latent View Analytics, headquartered in Chennai, provides data analytics, engineering and artificial intelligence services to technology, consumer and financial clients worldwide.

Revenue rose from Rs 429 crore in FY22 to Rs 1,136 crore in FY26, a compound annual growth rate of 27.6%. Net profit grew from Rs 130 crore in FY22 to Rs 202 crore in FY26, which works out to a compound annual growth rate of 11.8%.

In the June 2026 quarter, revenue grew 18.8% year on year to Rs 308 crore. The company has a return on equity of 11.3%, a debt to equity ratio of 0.02 and a market capitalisation of Rs 4,968 crore. The stock trades at a P/E of 25.0, above the industry P/E of 17.5.

Roadmap: Enterprises are investing in analytics and artificial intelligence, which feeds demand for data services. The company is widening its client list and scaling large accounts with a consulting and engineering model.

What to watch: Follow client additions and the growth of large accounts.

Why Mphasis Features Among These Data Analytics, Cloud and Telecom IT Stocks

Among the AI analytics and IT services shares on this list, Mphasis is a Bengaluru-based IT services company that provides applications, cloud, data and consulting services to clients in banking, insurance and technology, especially in the United States.

In the June 2026 quarter, revenue grew 17.1% year on year to Rs 4,467 crore, while net profit rose 10.8% to Rs 490 crore. Revenue rose from Rs 12,122 crore in FY22 to Rs 16,206 crore in FY26, a compound annual growth rate of 7.5%.

Net profit grew from Rs 1,431 crore in FY22 to Rs 1,863 crore in FY26, which works out to a compound annual growth rate of 6.8%. The company has a return on equity of 17.3%, a debt to equity ratio of 0.24 and a market capitalisation of Rs 47,695 crore. The stock trades at a P/E of 25.0, above the industry P/E of 17.5.

Roadmap: The company has stressed an AI-led approach and strengthened its sales relationships with large clients. A broad client base in financial services provides recurring revenue, and its investments in cloud and data skills support growth.

What to watch: Monitor deal wins and client spending trends in banking and financial services.

Why Tech Mahindra Features Among These Data Analytics, Cloud and Telecom IT Stocks

Among the three companies on this list, Tech Mahindra is a Mahindra Group technology services company that provides digital, network and enterprise services to clients in telecom, manufacturing, banking and other industries worldwide.

The company has a return on equity of 18.6%, a debt to equity ratio of 0.07 and a market capitalisation of Rs 175,398 crore. The stock trades at a P/E of 31.5, above the industry P/E of 17.6.

Revenue rose from Rs 45,758 crore in FY22 to Rs 56,847 crore in FY26, a compound annual growth rate of 5.6%. Net profit grew from Rs 2,397 crore in FY24 to Rs 4,806 crore in FY26, which works out to a compound annual growth rate of 41.6%.

Roadmap: The company is investing in artificial intelligence, cloud and 5G related services and deepening ties with large clients. Large deal wins in telecom and enterprise work support its pipeline.

What to watch: Track large deal wins, margin improvement and demand from telecom and enterprise clients.

Latent View Analytics vs Mphasis vs Tech Mahindra on Key Financials

The table below sets the three data analytics, cloud and telecom IT stocks side by side on revenue, profit and margin, using reported figures.

Company	FY22 Revenue (Rs Cr)	FY26 Revenue (Rs Cr)	Revenue CAGR (FY22-FY26)	FY26 Net Profit (Rs Cr)	FY26 Net Margin
Latent View Analytics	429	1,136	27.6%	202	17.8%
Mphasis	12,122	16,206	7.5%	1,863	11.5%
Tech Mahindra	45,758	56,847	5.6%	4,806	8.5%

Tech Mahindra posts the highest return on equity in this group at 18.6%. Tech Mahindra has the largest FY26 revenue at Rs 56,847 crore, and Latent View Analytics shows the fastest revenue growth with a 27.6% compound annual rate. A useful habit with data analytics, cloud and telecom IT stocks is to check each new quarterly result against the capacity plans the company described earlier.

Key Risks to Check Before Investing in Data Analytics, Cloud and Telecom IT Stocks

Every theme carries risks that deserve a check before any decision. For these data analytics, cloud and telecom IT stocks, the main points are:

Deal timing. Large contracts can shift between periods.
Client budgets. Spending can vary with global conditions.
Currency moves. Export earnings move with the rupee.

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.

Use the Univest Stock Screener to filter data analytics, cloud and telecom IT stocks by market capitalisation, P/E, ROE and growth, and build your own shortlist.

Final Thoughts on Data Analytics, Cloud and Telecom IT Stocks

Data analytics, cloud and telecom IT stocks work best when investors track growth, valuation and return on equity side by side. Latent View Analytics, Mphasis and Tech Mahindra each have a clear plan to grow. Based on the 26 October 2026 close, Latent View Analytics trades at Rs 225.3, Mphasis at Rs 2,557.6 and Tech Mahindra at Rs 1,795.

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Disclaimer: 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).

What are data analytics, cloud and telecom IT stocks?

Ans. Data analytics, cloud and telecom IT stocks are listed technology services companies that provide analytics, cloud applications and network services to global enterprises. Their earnings depend on client budgets, deal wins, utilisation and currency. This list looks at three of them, Latent View Analytics, Mphasis and Tech Mahindra, using reported FY22 to FY26 financials and the 26 October 2026 closing prices.

Which data analytics, cloud and telecom IT stocks are covered in this list?

Ans. This list covers Latent View Analytics, Mphasis and Tech Mahindra. Based on the 26 October 2026 close, Latent View Analytics traded at Rs 225.3, Mphasis at Rs 2,557.6 and Tech Mahindra at Rs 1,795. Their return on equity ranges from 11.3% to 18.6%, and their revenue compound annual growth from FY22 to FY26 ranges from 5.6% to 27.6%.

Why do data analytics, cloud and telecom IT stocks have a strong future roadmap in India?

Ans. Data analytics, cloud and telecom IT stocks have a strong roadmap in India because digital spending, cloud migration and data work keep widening the market for Indian technology firms. The main drivers are as follows. Data work. Firms invest in analytics and artificial intelligence. Cloud projects. Enterprises move platforms to the cloud. Network services. Telecom clients outsource operations. Together these factors give the companies on this list a visible path for growth over the coming years.

How has Latent View Analytics performed financially?

Ans. Revenue rose from Rs 429 crore in FY22 to Rs 1,136 crore in FY26, a compound annual growth rate of 27.6%. Net profit grew from Rs 130 crore in FY22 to Rs 202 crore in FY26, which works out to a compound annual growth rate of 11.8%. In the June 2026 quarter, revenue grew 18.8% year on year to Rs 308 crore. The company has a return on equity of 11.3%, a debt to equity ratio of 0.02 and a market capitalisation of Rs 4,968 crore. The stock trades at a P/E of 25.0, above the industry P/E of 17.5. Looking ahead, enterprises are investing in analytics and artificial intelligence, which feeds demand for data services. The company is widening its client list and scaling large accounts with a consulting and engineering model.

How has Mphasis performed financially?

Ans. Revenue rose from Rs 12,122 crore in FY22 to Rs 16,206 crore in FY26, a compound annual growth rate of 7.5%. Net profit grew from Rs 1,431 crore in FY22 to Rs 1,863 crore in FY26, which works out to a compound annual growth rate of 6.8%. In the June 2026 quarter, revenue grew 17.1% year on year to Rs 4,467 crore, while net profit rose 10.8% to Rs 490 crore. The company has a return on equity of 17.3%, a debt to equity ratio of 0.24 and a market capitalisation of Rs 47,695 crore. The stock trades at a P/E of 25.0, above the industry P/E of 17.5. Looking ahead, the company has stressed an AI-led approach and strengthened its sales relationships with large clients. A broad client base in financial services provides recurring revenue, and its investments in cloud and data skills support growth.

How has Tech Mahindra performed financially?

Ans. Revenue rose from Rs 45,758 crore in FY22 to Rs 56,847 crore in FY26, a compound annual growth rate of 5.6%. Net profit grew from Rs 2,397 crore in FY24 to Rs 4,806 crore in FY26, which works out to a compound annual growth rate of 41.6%. The company has a return on equity of 18.6%, a debt to equity ratio of 0.07 and a market capitalisation of Rs 175,398 crore. The stock trades at a P/E of 31.5, above the industry P/E of 17.6. Looking ahead, the company is investing in artificial intelligence, cloud and 5G related services and deepening ties with large clients. Large deal wins in telecom and enterprise work support its pipeline.

What risks should investors check before buying data analytics, cloud and telecom IT stocks?

Ans. Investors should check a few risks before buying data analytics, cloud and telecom IT stocks. Deal timing. Large contracts can shift between periods. Client budgets. Spending can vary with global conditions. Currency moves. Export earnings move with the rupee. Reading the latest results presentation and comparing each company with its peers helps judge how these risks apply to each stock.

Is this list of data analytics, cloud and telecom IT stocks investment advice?

Ans. 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.