
3 Digital Engineering Leader, Banking Software Products and Data Analytics Specialist Stocks With a Strong Future Roadmap: Persistent Systems, Intellect Design Arena and Latent View Analytics
Persistent Systems, Intellect Design Arena and Latent View Analytics: ROE of 10.9% to 21.0% and FY22 to FY26 revenue CAGR of 13.3% to 27.6%. Prices as of 23 Oct 2026.
Updated: 26 Oct 2026 • 11:27 am
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The three digital product and analytics stocks to watch are Persistent Systems, Intellect Design Arena and Latent View Analytics. Their return on equity ranges from 10.9% to 21.0%, and their revenue compound annual growth from FY22 to FY26 ranges from 13.3% to 27.6%. Persistent Systems has the highest return on equity at 21.0%, while Latent View Analytics has the fastest revenue growth at 27.6% a year. Prices are based on the 23 October 2026 close, and this article is educational, not investment advice.
Digital product and analytics stocks let investors follow companies that serve a growing part of the Indian economy. Persistent Systems, Intellect Design Arena and Latent View Analytics cover a digital engineering leader, a banking software products company and a data analytics specialist.
This list covers three digital product and analytics stocks with complete current figures: Persistent Systems, Intellect Design Arena and Latent View Analytics. Every figure comes from the latest reported financials and the 23 October 2026 market close. Companies without complete current figures were left out.
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What Are Digital Product and Analytics Stocks?
Digital product and analytics stocks are listed technology companies that build software products, banking platforms and data analytics solutions. Their earnings depend on client spending, licences and the growth of data projects.
Digital Product and Analytics Stocks at a Glance
| Company | CMP (Rs) | Market Cap (Rs Cr) | P/E | Industry P/E | ROE (%) | D/E |
|---|---|---|---|---|---|---|
| Persistent Systems | 5,727.5 | 90,857 | 50.4 | 17.9 | 21.0 | 0.07 |
| Intellect Design Arena | 582.55 | 8,952 | 25.5 | 17.5 | 10.9 | 0.05 |
| Latent View Analytics | 221.86 | 4,968 | 25.0 | 17.5 | 11.3 | 0.02 |
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 digital product and analytics stocks should look at return on equity and debt together, since a high return earned with low debt is easier to sustain.
Why Do Digital Product and Analytics Stocks Have a Strong Roadmap in India?
Digital product and analytics stocks have a strong roadmap in India because enterprises and banks keep investing in data, cloud and artificial intelligence, which lifts demand for specialist technology partners.
- Data and analytics. Clients invest to turn data into decisions.
- Banking platforms. Banks modernise core systems.
- Product engineering. Companies outsource software design.
Why Persistent Systems Features Among These Digital Product and Analytics Stocks
Among the digital product and analytics 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.
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.
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%.
Roadmap: 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.
What to watch: Track large deal wins, client additions and the share of artificial intelligence work in revenue.
Why Intellect Design Arena Features Among These Digital Product and Analytics Stocks
Among the software platform business shares on this list, Intellect Design Arena is a Chennai-based financial technology company that sells software products for banking, insurance and capital markets, including transaction banking, consumer banking and risk platforms.
Revenue rose from Rs 1,919 crore in FY22 to Rs 3,161 crore in FY26, a compound annual growth rate of 13.3%. Net profit grew from Rs 269 crore in FY23 to Rs 343 crore in FY26, which works out to a compound annual growth rate of 8.5%.
In the June 2026 quarter, revenue grew 18.9% year on year to Rs 873 crore, while net profit rose 8.7% to Rs 102 crore. The company has a return on equity of 10.9%, a debt to equity ratio of 0.05 and a market capitalisation of Rs 8,952 crore. The stock trades at a P/E of 25.5, above the industry P/E of 17.5.
Roadmap: Banks and insurers are replacing older systems with cloud-ready platforms, and the company earns licence, subscription and implementation revenue from these programmes. Its product-led model supports recurring income from long-term client relationships.
What to watch: Follow new contract wins and the share of recurring revenue.
Why Latent View Analytics Features Among These Digital Product and Analytics Stocks
Among the three companies on this list, Latent View Analytics, headquartered in Chennai, provides data analytics, engineering and artificial intelligence services to technology, consumer and financial clients worldwide.
In the June 2026 quarter, revenue grew 18.8% year on year to Rs 308 crore. 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%. 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.
Persistent Systems vs Intellect Design Arena vs Latent View Analytics on Key Financials
The table below sets the three digital product and analytics 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 |
|---|---|---|---|---|---|
| Persistent Systems | 5,855 | 14,929 | 26.4% | 1,865 | 12.5% |
| Intellect Design Arena | 1,919 | 3,161 | 13.3% | 343 | 10.9% |
| Latent View Analytics | 429 | 1,136 | 27.6% | 202 | 17.8% |
Persistent Systems posts the highest return on equity in this group at 21.0%. Persistent Systems has the largest FY26 revenue at Rs 14,929 crore, and Latent View Analytics shows the fastest revenue growth with a 27.6% compound annual rate. A useful habit with digital product and analytics stocks is to check each new quarterly result against the capacity plans the company described earlier.
Key Risks to Check Before Investing in Digital Product and Analytics Stocks
Every theme carries risks that deserve a check before any decision. For these digital product and analytics stocks, the main points are:
- Client spending. Technology budgets can shift with the global economy.
- Deal timing. Large contracts can shift between quarters.
- Valuation levels. Some of these companies trade at high earnings multiples, so growth must continue to justify them.
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 digital product and analytics stocks by market capitalisation, P/E, ROE and growth, and build your own shortlist.
Final Thoughts on Digital Product and Analytics Stocks
Digital product and analytics stocks reward investors who follow demand trends, order books and margins together. Persistent Systems, Intellect Design Arena and Latent View Analytics each serve a growing technology need. Based on the 23 October 2026 close, Persistent Systems trades at Rs 5,727.5, Intellect Design Arena at Rs 582.55 and Latent View Analytics at Rs 221.86.
Download the Univest iOS App or Univest Android App to track digital product and analytics stocks, set price alerts and get research-backed stock ideas.
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 digital product and analytics stocks?
Ans. Digital product and analytics stocks are listed technology companies that build software products, banking platforms and data analytics solutions. Their earnings depend on client spending, licences and the growth of data projects. This list looks at three of them, Persistent Systems, Intellect Design Arena and Latent View Analytics, using reported FY22 to FY26 financials and the 23 October 2026 closing prices.
Which digital product and analytics stocks are covered in this list?
Ans. This list covers Persistent Systems, Intellect Design Arena and Latent View Analytics. Based on the 23 October 2026 close, Persistent Systems traded at Rs 5,727.5, Intellect Design Arena at Rs 582.55 and Latent View Analytics at Rs 221.86. Their return on equity ranges from 10.9% to 21.0%, and their revenue compound annual growth from FY22 to FY26 ranges from 13.3% to 27.6%.
Why do digital product and analytics stocks have a strong future roadmap in India?
Ans. Digital product and analytics stocks have a strong roadmap in India because enterprises and banks keep investing in data, cloud and artificial intelligence, which lifts demand for specialist technology partners. The main drivers are as follows. Data and analytics. Clients invest to turn data into decisions. Banking platforms. Banks modernise core systems. Product engineering. Companies outsource software design. Together these factors give the companies on this list a visible path for growth over the coming years.
How has Persistent Systems performed financially?
Ans. 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.
How has Intellect Design Arena performed financially?
Ans. Revenue rose from Rs 1,919 crore in FY22 to Rs 3,161 crore in FY26, a compound annual growth rate of 13.3%. Net profit grew from Rs 269 crore in FY23 to Rs 343 crore in FY26, which works out to a compound annual growth rate of 8.5%. In the June 2026 quarter, revenue grew 18.9% year on year to Rs 873 crore, while net profit rose 8.7% to Rs 102 crore. The company has a return on equity of 10.9%, a debt to equity ratio of 0.05 and a market capitalisation of Rs 8,952 crore. The stock trades at a P/E of 25.5, above the industry P/E of 17.5. Looking ahead, banks and insurers are replacing older systems with cloud-ready platforms, and the company earns licence, subscription and implementation revenue from these programmes. Its product-led model supports recurring income from long-term client relationships.
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.
What risks should investors check before buying digital product and analytics stocks?
Ans. Investors should check a few risks before buying digital product and analytics stocks. Client spending. Technology budgets can shift with the global economy. Deal timing. Large contracts can shift between quarters. Valuation levels. Some of these companies trade at high earnings multiples, so growth must continue to justify them. Reading the latest results presentation and comparing each company with its peers helps judge how these risks apply to each stock.
Is this list of digital product and analytics stocks investment advice?
Ans. 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.
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