There are many Data companies stocks to watch in India, both in large-cap and mid-cap. We will discuss about 5 Data companies stocks to watch in India in this article.
Big Data companies along with analytics technology help companies to get valuable insights from the huge data and information that are being created in many areas. These insights are being used in decision-making in business today. These factors drive the booming business of data analytics and Big Data companies.
The global data analytics market size was estimated at USD 41.39 billion in 2022 and is projected to surpass around USD 346.33 billion by 2030, according to precedence research firm.
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India has a vibrant data economy with a plethora of data companies offering a diverse range of products and services related to data analytics, artificial intelligence, and machine learning. The Indian analytics and data science industry is expected to grow much faster than the global industry growth.
The data and analytics market in India is expected to reach USD 118 billion by 2026 Companies engaged in the industry are expected to gain significantly from this market. Particularly Mid-cap companies are expected to gain much from this development.
In this article, we will take a look at some of the top listed mid-cap data companies in India that investors can consider investing in.
5 Best Data companies stocks to watch in India
LTIMindtree Ltd.
LTIMindtree Ltd. is a global technology consulting and digital solutions company with a focus on data analytics, cloud computing, and artificial intelligence. The company offers a range of data-related services, including big data analytics, data management, and data governance. The company has been recognized for its expertise in data analytics and AI and has been investing heavily in developing these capabilities. This is one of the promising mid-cap data company to invest in
The company was earlier known as L&T Infotech. L&T Infotech has acquired Mindtree Ltd. and the merged entity is known as LTIMindtree Ltd. LTIMindtree serves across industries including banking & finance, healthcare, energy, hi-tech, insurance, manufacturing, etc. With a market capitalization of around INR 1437 billion, LTIMindtree Ltd. is one of the 5 Best Data companies to invest in India.
Facts below by the end of FY 2022
- Revenue: INR 15668 Crore
- Net Profit: INR 2298 Crore
- FII Shareholdings: 9.21 by Dec-2022
- DII Shareholding: 10.47 by Dec-2022
- Promoters Shareholding: 68.69 by Dec-2022
- ROE%: 26
- EPS: 131.19
- Debt to Equity ratio: 0.09
Coforge Limited
NIIT Technologies is now Coforge Limited. The company is a global IT services and digital solutions company with a strong focus on data analytics and AI. Coforge leads with its product engineering approach and leverages Cloud, Data, Integration, and Automation technologies to transform client businesses into intelligent, high-growth enterprises. Coforge Technologies has been recognized for its expertise in data analytics and AI and has been investing heavily in developing these capabilities.
The focuses focus on very select industries including insurance, banking & finance, healthcare & life sciences, and Travel, transport, and hospitality. Coforge Technologies is one of the best dividends-paying companies in India. With a market capitalization of around INR 256.77 billion, Coforge Technologies is one of the 5 Best Data companies stocks to invest in India and a promising mid-cap data science stocks to buy.
Facts below by the end of FY 2022
- Revenue: INR 6432 Crore
- Net Profit: INR 714 Crore
- FII Shareholdings: 21.3 by Dec-2022
- DII Shareholding: 26.73 by Dec-2022
- Promoters Shareholding: 39.99 by Dec-2022
- ROE%: 24.21
- EPS: 109.02
- Debt to Equity ratio: 0.13
eClerx Services
eClerx Services is a global provider of digital and data analytics solutions. The company is a leader in innovative business process management, change management, data-driven insights, and advanced analytical power. eClerx helps its client in improving operational efficiency and productivity.
The company serves across industries including financial services, cable & telecommunications, retail, fashion, media & entertainment, manufacturing, travel & leisure, and software & high-tech. With a market capitalization of around INR 74 billion, eClerx Services is a promising mid-cap data science stocks to buy.
Facts below by the end of FY 2022
- Revenue: INR 2160 Crore
- Net Profit: INR 417 Crore
- FII Shareholdings: 12.03 by Dec-2022
- DII Shareholding: 19.96 by Dec-2022
- Promoters Shareholding: 53.38 by Dec-2022
- ROE%: 26.62
- EPS: 123.81
- Debt to Equity ratio: 0.0
Nucleus Software Exports
Nucleus Software Exports is a global provider of software solutions for the banking and financial services industry, with a strong focus on data analytics and AI. The company serves more than 200 Financial Institutions across 50 countries, supporting retail lending, corporate banking, cash management, mobile and internet banking, automotive finance, and other business areas.
The company offers a range of data-related services, including data management and analytics, digital transformation, application development and management, mobile and web applications, and data governance. Nucleus Software Exports has been recognized for its expertise in data analytics and AI and has been investing heavily in developing these capabilities. With a market capitalization of around INR 15 billion, Nucleus Software Exports is a promising mid-cap data science stocks to buy.
Facts below by the end of FY 2022
- Revenue: INR 497 Crore
- Net Profit: INR 40 Crore
- FII Shareholdings: 2.63 by Dec-2022
- DII Shareholding: 0 by Dec-2022
- Promoters Shareholding: 73.28 by Dec-2022
- ROE%: 8.28
- EPS: 14.28
- Debt to Equity ratio: 0.0
Tata Elxsi
Tata Elxsi is one of the leading global design and technology consulting companies with a focus on data analytics and AI. The company offers its services across industries including Automotive, Broadcast, Communications, Healthcare, and Transportation. Tata Elxsi offers a range of data-related services, including big data, IoT (Internet of Things), Cloud, Cyber security, robotics, Mobility, Virtual Reality, and Artificial Intelligence.
Tata Elxsi has been recognized for its expertise in data analytics and AI and has been investing heavily in developing these capabilities. Tata Elxsi is one of the 5 Best Data companies stocks to watch in India in the mid-cap range that has the potential to be a large cap. The company belongs to the TATA group which gives it a brand name and strong parental. With a market capitalization of around INR 415 billion, Tata Elxsi is a promising mid-cap data company to invest in.
Facts below by the end of FY 2022
- Revenue: INR 2470 Crore
- Net Profit: INR 549 Crore
- FII Shareholdings: 13.89 by Dec-2022
- DII Shareholding: 3.43 by Dec-2022
- Promoters Shareholding: 43.92 by Dec-2022
- ROE%: 34.33
- EPS: 88.26
- Debt to Equity ratio: 0.0
The above companies are my favorite data science stocks to buy for long term.
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