3 Enterprise Cloud Applications Firm, Digital Engineering Group and Healthcare Technology Provider Stocks With a Strong Future Roadmap: Mastek, Coforge and Inventurus Knowledge Solutions

Mastek, Coforge and Inventurus Knowledge Solutions: ROE of 13.5% to 25.8% and FY22 to FY26 revenue CAGR of 14.2% to 42.2%. Prices as of 27 Oct 2026.

Updated: 29 Oct 2026 • 12:26 pm

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3 Enterprise Cloud Applications Firm, Digital Engineering Group and Healthcare Technology Provider Stocks With a Strong Future Roadmap: Mastek, Coforge and Inventurus Knowledge Solutions

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The three cloud apps, digital engineering and health IT to watch are Mastek, Coforge and Inventurus Knowledge Solutions. Their return on equity ranges from 13.5% to 25.8%, and their revenue compound annual growth from FY22 to FY26 ranges from 14.2% to 42.2%. Inventurus Knowledge Solutions leads on both return on equity at 25.8% and revenue growth at 42.2% a year. Prices are based on the 27 October 2026 close, and this article is educational, not investment advice.

Cloud apps, digital engineering and health IT offer a focused view of a sector where demand keeps widening. Mastek, Coforge and Inventurus Knowledge Solutions cover an enterprise cloud applications firm, a digital engineering group and a healthcare technology provider.

This list covers three cloud apps, digital engineering and health IT with complete current figures: Mastek, Coforge and Inventurus Knowledge Solutions. Every figure comes from the latest reported financials and the 27 October 2026 market close. Companies without complete current figures were left out.

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Table of Contents

What Are Cloud Apps, Digital Engineering and Health IT?

Cloud apps, digital engineering and health IT are listed technology companies that build enterprise cloud applications, provide digital engineering and data services to travel, banking and insurance clients and support healthcare organisations with analytics and technology platforms. Their earnings depend on client budgets, deal wins and currency.

Cloud Apps, Digital Engineering and Health IT at a Glance

Company	CMP (Rs)	Market Cap (Rs Cr)	P/E	Industry P/E	ROE (%)	D/E
Mastek	1,459.5	5,673	13.6	17.9	13.5	0.15
Coforge	1,961.9	85,024	44.3	17.5	16.3	0.08
Inventurus Knowledge Solutions	1,692.8	29,242	38.3	17.6	25.8	0.27

On valuation, Mastek trades at a P/E below the industry P/E, while Coforge and Inventurus Knowledge Solutions trade above it, which reflects the growth the market already expects. Readers comparing cloud apps, digital engineering and health IT should look at return on equity and debt together, since a high return earned with low debt is easier to sustain. With the Q2 FY27 results season close, investors in cloud apps, digital engineering and health IT can use the coming numbers to test whether growth is holding.

Why Do Cloud Apps, Digital Engineering and Health IT Have a Strong Roadmap in India?

Cloud apps, digital engineering and health IT have a strong roadmap in India because cloud adoption, digital engineering demand and technology adoption in healthcare keep widening the market for Indian technology firms.

Cloud applications. Enterprises move core systems to the cloud.
Digital engineering. Clients build new products with partners.
Healthcare technology. Providers adopt analytics and coding services.

Why Mastek Features Among These Cloud Apps, Digital Engineering and Health IT

Among the cloud apps, digital engineering and health IT 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.

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.

Roadmap: 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.

What to watch: Follow client additions, order book momentum and growth in cloud and data services.

Why Coforge Features Among These Cloud Apps, Digital Engineering and Health IT

Among the enterprise cloud, product engineering and healthcare technology shares on this list, Coforge is a global IT services company that offers digital engineering, cloud, data and application services to clients in travel, banking, insurance and other industries.

In the June 2026 quarter, revenue grew 49.2% year on year to Rs 5,554 crore, while net profit rose 49.2% to Rs 532 crore. Revenue rose from Rs 6,484 crore in FY22 to Rs 16,476 crore in FY26, a compound annual growth rate of 26.3%.

Net profit grew from Rs 715 crore in FY22 to Rs 1,674 crore in FY26, which works out to a compound annual growth rate of 23.7%. The company has a return on equity of 16.3%, a debt to equity ratio of 0.08 and a market capitalisation of Rs 85,024 crore. The stock trades at a P/E of 44.3, above the industry P/E of 17.5.

Roadmap: The company focuses on large, long-running deals in sectors where it has deep domain strength. A rising share of cloud and data work and the acquisition of a leading digital services business have strengthened its pipeline.

What to watch: Check the order intake and the pace of large deal conversion.

Why Inventurus Knowledge Solutions Features Among These Cloud Apps, Digital Engineering and Health IT

Among the three companies on this list, Inventurus Knowledge Solutions, known as IKS, is a Mumbai-based healthcare technology and services company that supports healthcare providers and payors in the United States with analytics, clinical coding and technology platforms.

The company has a return on equity of 25.8%, a debt to equity ratio of 0.27 and a market capitalisation of Rs 29,242 crore. The stock trades at a P/E of 38.3, above the industry P/E of 17.6.

Revenue rose from Rs 784 crore in FY22 to Rs 3,211 crore in FY26, a compound annual growth rate of 42.2%. Net profit grew from Rs 233 crore in FY22 to Rs 722 crore in FY26, which works out to a compound annual growth rate of 32.7%. In the June 2026 quarter, revenue grew 21.0% year on year to Rs 899 crore, while net profit rose 27.8% to Rs 194 crore.

Roadmap: The company is widening its technology-led services for risk adjustment, care coordination and revenue cycle work. Long-term relationships with large healthcare organisations give it recurring demand.

What to watch: Follow client additions, platform adoption and healthcare policy changes in the United States.

Mastek vs Coforge vs Inventurus Knowledge Solutions on Key Financials

The table below sets the three cloud apps, digital engineering and health IT 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
Mastek	2,220	3,769	14.2%	404	10.7%
Coforge	6,484	16,476	26.3%	1,674	10.2%
Inventurus Knowledge Solutions	784	3,211	42.2%	722	22.5%

Inventurus Knowledge Solutions posts the highest return on equity in this group at 25.8%. Coforge has the largest FY26 revenue at Rs 16,476 crore, and Inventurus Knowledge Solutions shows the fastest revenue growth with a 42.2% compound annual rate. A useful habit with cloud apps, digital engineering and health IT is to check each new quarterly result against the capacity plans the company described earlier.

The June 2026 quarter, the latest reported, gives a fresh read on momentum:

Company	Q1 FY26 Revenue (Rs Cr)	Q1 FY27 Revenue (Rs Cr)	Year-on-Year Growth
Mastek	925	997	7.8%
Coforge	3,723	5,554	49.2%
Inventurus Knowledge Solutions	743	899	21.0%

Key Risks to Check Before Investing in Cloud Apps, Digital Engineering and Health IT

Every theme carries risks that deserve a check before any decision. For these cloud apps, digital engineering and health IT, the main points are: Long-term enterprise cloud, product engineering and healthcare technology shares holders usually track revenue growth, margins and cash flow side by side rather than relying on a single ratio.

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 cloud apps, digital engineering and health IT by market capitalisation, P/E, ROE and growth, and build your own shortlist.

Final Thoughts on Cloud Apps, Digital Engineering and Health IT

Cloud apps, digital engineering and health IT reward patient research into demand, execution and financial strength. Mastek, Coforge and Inventurus Knowledge Solutions each have a clear plan to expand. Based on the 27 October 2026 close, Mastek trades at Rs 1,459.5, Coforge at Rs 1,961.9 and Inventurus Knowledge Solutions at Rs 1,692.8. Valuation matters as much as growth, so compare each company's P/E with its industry P/E before adding any of these cloud apps, digital engineering and health IT to a watchlist.

Download the Univest iOS App or Univest Android App to track cloud apps, digital engineering and health IT, 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 cloud apps, digital engineering and health IT?

Ans. Cloud apps, digital engineering and health IT are listed technology companies that build enterprise cloud applications, provide digital engineering and data services to travel, banking and insurance clients and support healthcare organisations with analytics and technology platforms. Their earnings depend on client budgets, deal wins and currency. This list looks at three of them, Mastek, Coforge and Inventurus Knowledge Solutions, using reported FY22 to FY26 financials and the 27 October 2026 closing prices.

Which cloud apps, digital engineering and health IT are covered in this list?

Ans. This list covers Mastek, Coforge and Inventurus Knowledge Solutions. Based on the 27 October 2026 close, Mastek traded at Rs 1,459.5, Coforge at Rs 1,961.9 and Inventurus Knowledge Solutions at Rs 1,692.8. Their return on equity ranges from 13.5% to 25.8%, and their revenue compound annual growth from FY22 to FY26 ranges from 14.2% to 42.2%.

Why do cloud apps, digital engineering and health IT have a strong future roadmap in India?

Ans. Cloud apps, digital engineering and health IT have a strong roadmap in India because cloud adoption, digital engineering demand and technology adoption in healthcare keep widening the market for Indian technology firms. The main drivers are as follows. Cloud applications. Enterprises move core systems to the cloud. Digital engineering. Clients build new products with partners. Healthcare technology. Providers adopt analytics and coding services. Together these factors give the companies on this list a visible path for growth over the coming years.

How has Mastek performed financially?

Ans. 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.

How has Coforge performed financially?

Ans. Revenue rose from Rs 6,484 crore in FY22 to Rs 16,476 crore in FY26, a compound annual growth rate of 26.3%. Net profit grew from Rs 715 crore in FY22 to Rs 1,674 crore in FY26, which works out to a compound annual growth rate of 23.7%. In the June 2026 quarter, revenue grew 49.2% year on year to Rs 5,554 crore, while net profit rose 49.2% to Rs 532 crore. The company has a return on equity of 16.3%, a debt to equity ratio of 0.08 and a market capitalisation of Rs 85,024 crore. The stock trades at a P/E of 44.3, above the industry P/E of 17.5. Looking ahead, the company focuses on large, long-running deals in sectors where it has deep domain strength. A rising share of cloud and data work and the acquisition of a leading digital services business have strengthened its pipeline.

How has Inventurus Knowledge Solutions performed financially?

Ans. Revenue rose from Rs 784 crore in FY22 to Rs 3,211 crore in FY26, a compound annual growth rate of 42.2%. Net profit grew from Rs 233 crore in FY22 to Rs 722 crore in FY26, which works out to a compound annual growth rate of 32.7%. In the June 2026 quarter, revenue grew 21.0% year on year to Rs 899 crore, while net profit rose 27.8% to Rs 194 crore. The company has a return on equity of 25.8%, a debt to equity ratio of 0.27 and a market capitalisation of Rs 29,242 crore. The stock trades at a P/E of 38.3, above the industry P/E of 17.6. Looking ahead, the company is widening its technology-led services for risk adjustment, care coordination and revenue cycle work. Long-term relationships with large healthcare organisations give it recurring demand.

What risks should investors check before buying cloud apps, digital engineering and health IT?

Ans. Investors should check a few risks before buying cloud apps, digital engineering and health IT. 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 cloud apps, digital engineering and health IT investment advice?

Ans. No. This article is educational and uses publicly available data as of the 27 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.