3 Low-Code Software Platforms, Vehicle Software Engineering and Lending Software Stocks With a Strong Future Roadmap: Newgen Software Technologies, KPIT Technologies and Nucleus Software Exports

Software and engineering services stocks let investors follow technology firms with specialised products and skills. Newgen Software Technologies, KPIT Technologies and Nucleus Software Exports cover low-code software platforms, vehicle software engineering and lending software.

This list covers three software and engineering services stocks with complete current figures: Newgen Software Technologies, KPIT Technologies and Nucleus Software Exports. Every figure comes from the latest reported financials and the 21 October 2026 market close. Companies without complete current figures were left out.

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What Are Software and Engineering Services Stocks?

Software and engineering services stocks are listed technology companies that sell software platforms and engineering services to banks, governments and vehicle makers. Their earnings depend on licence and subscription revenue, contract wins and project pipelines.

Software and Engineering Services Stocks at a Glance

On valuation, Nucleus Software Exports trades at a P/E below the industry P/E, while Newgen Software Technologies and KPIT Technologies trade above it, which reflects the growth the market already expects. Readers comparing software and engineering services stocks should look at return on equity and debt together, since a high return earned with low debt is easier to sustain.

Why Do Software and Engineering Services Stocks Have a Strong Roadmap in India?

Software and engineering services stocks have a strong roadmap in India because digital programmes at banks, governments and carmakers create long-running demand for specialised software and engineering skills.

• Digital programmes. Banks and governments keep upgrading their systems.
• Software-defined vehicles. Carmakers need large software teams.
• Subscription shift. Recurring revenue builds visibility over time.

Why Newgen Software Technologies Features Among These Software and Engineering Services Stocks

Among the software and engineering services stocks on this list, Newgen Software Technologies, based in Delhi, offers low-code platforms for content management, process automation and customer engagement to banks, insurers and governments.

Revenue rose from Rs 809 crore in FY22 to Rs 1,641 crore in FY26, a compound annual growth rate of 19.4%. Net profit grew from Rs 164 crore in FY22 to Rs 301 crore in FY26, which works out to a compound annual growth rate of 16.3%.

In the June 2026 quarter, revenue grew 12.3% year on year to Rs 393 crore, while net profit rose 26.3% to Rs 62.8 crore. The company has a return on equity of 18.7%, a debt to equity ratio of 0.02 and a market capitalisation of Rs 6,835 crore. The stock trades at a P/E of 21.8, above the industry P/E of 17.5.

Roadmap: Digital transformation at banks and public sector organisations, plus new artificial intelligence features on its platform, widen its addressable market. A growing share of recurring licence and cloud revenue improves predictability.

What to watch: Monitor deal wins in the banking sector and the growth of recurring revenue.

Why KPIT Technologies Features Among These Software and Engineering Services Stocks

Among the low-code software shares on this list, KPIT Technologies is a Pune-based provider of software and engineering services to vehicle makers, focusing on software-defined vehicles, electrification, connected systems and driver assistance.

In the June 2026 quarter, revenue grew 8.3% year on year to Rs 1,683 crore. Revenue rose from Rs 2,477 crore in FY22 to Rs 6,541 crore in FY26, a compound annual growth rate of 27.5%.

Net profit grew from Rs 276 crore in FY22 to Rs 637 crore in FY26, which works out to a compound annual growth rate of 23.2%. The company has a return on equity of 18.0%, a debt to equity ratio of 0.24 and a market capitalisation of Rs 14,819 crore. The stock trades at a P/E of 25.5, above the industry P/E of 17.5.

Roadmap: Global vehicle makers are spending more on software as vehicles become electric and connected, and the company works with many of the leading names. Its specialised talent and long-term programmes give it visibility across multiple years.

What to watch: Monitor deal wins with global vehicle makers and trends in engineering spending.

Why Nucleus Software Exports Features Among These Software and Engineering Services Stocks

Among the three companies on this list, Nucleus Software Exports is a Noida-based software products company that builds lending and transaction banking software, with its FinnAxia and FinnOne platforms used by banks and financial institutions in India and overseas.

The company has a return on equity of 14.7%, a debt to equity ratio of 0.01 and a market capitalisation of Rs 1,731 crore. The stock trades at a P/E of 16.4, below the industry P/E of 17.5.

Revenue rose from Rs 532 crore in FY22 to Rs 940 crore in FY26, a compound annual growth rate of 15.3%. Net profit grew from Rs 40.9 crore in FY22 to Rs 117 crore in FY26, which works out to a compound annual growth rate of 30.0%.

Roadmap: The company is moving customers to cloud-based and subscription offerings, which build recurring revenue over time. Banks upgrading lending and transaction systems create steady demand for its platforms.

What to watch: Monitor licence and subscription revenue and the pace of new customer wins.

Newgen Software Technologies vs KPIT Technologies vs Nucleus Software Exports on Key Financials

The table below sets the three software and engineering services stocks side by side on revenue, profit and margin, using reported figures.

Newgen Software Technologies posts the highest return on equity in this group at 18.7%. KPIT Technologies combines the largest FY26 revenue at Rs 6,541 crore with the fastest revenue growth, a 27.5% compound annual rate. A useful habit with software and engineering services stocks is to check each new quarterly result against the capacity plans the company described earlier.

Key Risks to Check Before Investing in Software and Engineering Services Stocks

Every theme carries risks that deserve a check before any decision. For these software and engineering services stocks, the main points are:

• Client budgets. Technology spending can slow when customers delay projects.
• Contract timing. Large deals 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 software and engineering services stocks by market capitalisation, P/E, ROE and growth, and build your own shortlist.

Final Thoughts on Software and Engineering Services Stocks

Software and engineering services stocks reward investors who follow product revenue, deal wins and margins together. Newgen Software Technologies, KPIT Technologies and Nucleus Software Exports each have a distinct niche. Based on the 21 October 2026 close, Newgen Software Technologies trades at Rs 479.1, KPIT Technologies at Rs 544.7 and Nucleus Software Exports at Rs 666.45.

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What are software and engineering services stocks?

Ans. Software and engineering services stocks are listed technology companies that sell software platforms and engineering services to banks, governments and vehicle makers. Their earnings depend on licence and subscription revenue, contract wins and project pipelines. This list looks at three of them, Newgen Software Technologies, KPIT Technologies and Nucleus Software Exports, using reported FY22 to FY26 financials and the 21 October 2026 closing prices.

Which software and engineering services stocks are covered in this list?

Ans. This list covers Newgen Software Technologies, KPIT Technologies and Nucleus Software Exports. Based on the 21 October 2026 close, Newgen Software Technologies traded at Rs 479.1, KPIT Technologies at Rs 544.7 and Nucleus Software Exports at Rs 666.45. Their return on equity ranges from 14.7% to 18.7%, and their revenue compound annual growth from FY22 to FY26 ranges from 15.3% to 27.5%.

Why do software and engineering services stocks have a strong future roadmap in India?

Ans. Software and engineering services stocks have a strong roadmap in India because digital programmes at banks, governments and carmakers create long-running demand for specialised software and engineering skills. The main drivers are as follows. Digital programmes. Banks and governments keep upgrading their systems. Software-defined vehicles. Carmakers need large software teams. Subscription shift. Recurring revenue builds visibility over time. Together these factors give the companies on this list a visible path for growth over the coming years.

How has Newgen Software Technologies performed financially?

Ans. Revenue rose from Rs 809 crore in FY22 to Rs 1,641 crore in FY26, a compound annual growth rate of 19.4%. Net profit grew from Rs 164 crore in FY22 to Rs 301 crore in FY26, which works out to a compound annual growth rate of 16.3%. In the June 2026 quarter, revenue grew 12.3% year on year to Rs 393 crore, while net profit rose 26.3% to Rs 62.8 crore. The company has a return on equity of 18.7%, a debt to equity ratio of 0.02 and a market capitalisation of Rs 6,835 crore. The stock trades at a P/E of 21.8, above the industry P/E of 17.5. Looking ahead, digital transformation at banks and public sector organisations, plus new artificial intelligence features on its platform, widen its addressable market. A growing share of recurring licence and cloud revenue improves predictability.

How has KPIT Technologies performed financially?

Ans. Revenue rose from Rs 2,477 crore in FY22 to Rs 6,541 crore in FY26, a compound annual growth rate of 27.5%. Net profit grew from Rs 276 crore in FY22 to Rs 637 crore in FY26, which works out to a compound annual growth rate of 23.2%. In the June 2026 quarter, revenue grew 8.3% year on year to Rs 1,683 crore. The company has a return on equity of 18.0%, a debt to equity ratio of 0.24 and a market capitalisation of Rs 14,819 crore. The stock trades at a P/E of 25.5, above the industry P/E of 17.5. Looking ahead, global vehicle makers are spending more on software as vehicles become electric and connected, and the company works with many of the leading names. Its specialised talent and long-term programmes give it visibility across multiple years.

How has Nucleus Software Exports performed financially?

Ans. Revenue rose from Rs 532 crore in FY22 to Rs 940 crore in FY26, a compound annual growth rate of 15.3%. Net profit grew from Rs 40.9 crore in FY22 to Rs 117 crore in FY26, which works out to a compound annual growth rate of 30.0%. The company has a return on equity of 14.7%, a debt to equity ratio of 0.01 and a market capitalisation of Rs 1,731 crore. The stock trades at a P/E of 16.4, below the industry P/E of 17.5. Looking ahead, the company is moving customers to cloud-based and subscription offerings, which build recurring revenue over time. Banks upgrading lending and transaction systems create steady demand for its platforms.

What risks should investors check before buying software and engineering services stocks?

Ans. Investors should check a few risks before buying software and engineering services stocks. Client budgets. Technology spending can slow when customers delay projects. Contract timing. Large deals 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 software and engineering services stocks investment advice?

Ans. No. This article is educational and uses publicly available data as of the 21 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.