5 Best IT Stocks In India With Pros & Cons

Best IT Stocks In India: As of now, India remains the largest IT service provider in the world, India serves about 55% of the global service sourcing market and IT contributes about 7.7% to the GDP and is expected to contribute more in the future.

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So, if you are planning to invest in the best IT stocks in India then we have made a list of the 5 Best IT Stocks In India with their pros and cons so that you can compare these stocks yourself.

5 Best IT Stocks In India

Best IT Stocks In India

Best IT Stocks In India

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5 Best IT Stocks In India are as follows:

Infosys

Best IT Stocks In India: Infosys Technologies Limited (Infosys) is a company in the IT consulting and software sector. The total valuation (market value) of the company is ₹6,00,397 crore. The price of one share of the company is ₹ 1,455.50 in the BSE market and ₹ 1,455.15 in the NSE market. Infosys Technologies Limited was established in the year 1981.

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As per the report provided by the company, the total income for the last year stood at Rs 82,275 crore and the total sales stood at Rs 79,047 crore. The company’s net profit stood at Rs 15,543 crore. Infosys Technologies Limited has paid tax of Rs -3,881 crore in the current year.

PROS

  • Company is going to be debt free soon.
  • Company has a good return on equity (ROE) track record: 3 Years ROE 27.24%
  • Company has maintained a good dividend payout of 54.29%

CONS

  • Stock is trading at 8.12 times its book value
  • Promoter holding is low: 13.11%

Larsen & Toubro Ltd

Best IT Stocks In India: Larsen & Toubro Limited (Larsen & Toubro) is a construction engineering company. The total valuation (market value) of the company is ₹2,17,505 crore. The price of one share of the company is ₹ 1,610.05 in the BSE market and ₹ 1,610.10 in the NSE market. Larsen & Toubro Limited was established in the year 1946.

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As per the report provided by the company, the total income for the last year stood at Rs.90,382.52 crore and the total sales stood at Rs.86,940.99 crore. The company’s net profit stood at Rs 6,679.21 crore. Larsen & Toubro Limited has paid tax of Rs -1,736.3 crore in the current year.

PROS

  • Company has maintained a good dividend payout of 35.26%

CONS

  • Stock is trading at 2.75 times its book value
  • The company has delivered a poor sales growth of 7.44% over past five years.

Tata Consultancy Services Limited

Best IT Stocks In India: Tata Consultancy Services Limited (TCS) is an IT consulting and software sector company. The total valuation (market value) of the company is ₹11,96,765 crore. The price of one share of the company is ₹3,293.90 in the BSE market and ₹3,293.00 in the NSE market. Tata Consultancy Services Limited was established in the year 1995.

As per the report provided by the company, the total income for the last year stood at Rs 1,39,388 crore and the total sales stood at Rs 1,31,306 crore. The company’s net profit stood at Rs 33,260 crore. Tata Consultancy Services Ltd has paid a tax of Rs-6,366 crore in the current year.

PROS

  • Company is going to be debt-free soon.
  • Company has a good return on equity (ROE) track record: 3 Years ROE 39.99%
  • Company has maintained a good dividend payout of 56.35%

CONS

  • Stock is trading at 13.52 times its book value
  • The company’s sales growth over the past five years is 10.20%.

Oracle Financial Services Software Ltd

Best IT Stocks In India: Oracle Financial Services Software Limited (Oracle Final. Service) is a company in the IT consulting and software sector. The total valuation (market value) of the company is ₹26,707 crore. The price of one share of the company is ₹3,218.30 in the BSE market and ₹3,217.45 in the NSE market. Oracle Financial Services Software Limited was established in the year 1989.

As per the report provided by the company, the total income for the last year stood at Rs 3,721.363 crore and the total sales stood at Rs 3,525.508 crore. The company’s net profit stood at Rs 1,582.656 crore. Oracle Financial Services Software Limited has paid tax of -541.215 crores in the current year.

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PROS

  • Company is going to be debt-free soon.
  • Stock is providing a good dividend yield of 6.22%.
  • Company has a good return on equity (ROE) track record: 3 Years ROE 26.31%
  • Company has maintained a good dividend payout of 96.72%

CONS

  • The company’s sales growth over the past five years is 3.36%.

Larsen & Toubro Infotech Limited

Best IT Stocks In India: Larsen & Toubro Infotech Limited (L&T Infotech) is a company in the IT consulting and software sector. The total valuation (market value) of the company is ₹69,918 crores. The price of one share of the company is ₹ 4,042.25 in the BSE market and ₹ 4,043.50 in the NSE market. Larsen & Toubro Infotech Limited was established in the year 1996.

As per the report provided by the company, the total income for the last year stood at Rs.10,614.8 crore and the total sales were Rs.10,184.2 crore. The company’s net profit stood at Rs 1,552.4 crore. Larsen & Toubro Infotech Limited has paid tax of -365.2 crores in the current year.

PROS

  • Company is going to be debt-free soon.
  • Company has a good return on equity (ROE) track record: 3 Years ROE 29.41%
  • Company has maintained a healthy dividend payout of 36.70%

CONS

  • Stock is trading at 8.04 times its book value

DISCLAIMER

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