Netweb Technologies
Netweb Technologies
Information TechnologyKey Fundamentals
SmallcapIT - HardwareInformation TechnologyTapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
4- Company is expected to give good quarter
- Company has delivered good profit growth of 90.3% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 29.0%
- Company's working capital requirements have reduced from 62.2 days to 13.8 days
Weaknesses
2- Stock is trading at 35.6 times its book value
- Promoter holding has decreased over last 3 years: -8.47%
Growth Rate
AI Analysis — Bull vs Bear
Netweb Technologies is a high-performance computing and AI server maker with a market cap of about ₹27,732 crore. Its sales have compounded at 70% over 3 years and 108% on a TTM basis, profits at 64% over 3 years and 102% TTM, and last-year ROE was 33%. The stock trades at 105.2x earnings and 14.26x book, per the metrics provided, so its valuation assumes the current fast growth continues.
- Revenue growth is fast and has lasted: compounded sales growth is 108% TTM, 70% over 3 years and 73% over 5 years, which points to demand for its HPC, AI and data-centre hardware rather than a one-off spike.
- Profits have grown alongside sales: compounded profit growth is 102% TTM, 64% over 3 years and 90.3% CAGR over 5 years, so the company has turned revenue growth into earnings growth.
- Returns on capital are high and steady: ROE was 33% last year, 29% on a 3-year average and 32% on a 5-year average, which is high for a hardware-heavy business.
- Working capital has improved sharply: working capital days fell from 62.2 to 13.8, so less cash is tied up in receivables and inventory as the business grows.
- On growth-adjusted terms, the 105.2x P/E sits against roughly 102% TTM profit growth, a PEG ratio near 1x. That makes the headline multiple look less stretched as long as growth holds.
- The stock has rewarded shareholders: price CAGR is 77% over 3 years and 26% over 1 year, which suggests the market has kept backing the company's execution.
- Near-term momentum looks positive: the data flags an expected good quarter, and 108% TTM sales growth suggests the recent run-rate is holding up.
- The valuation is demanding: a P/E of 105.2 prices in continued high growth, and any slowdown from the current 102% TTM profit growth could lead to a sharp de-rating.
- The stock is expensive against its book value. The price-to-book figure is 14.26x in the metrics and 36.3x in the cons list; either figure is well above typical levels for hardware and IT companies. The difference between the two sources should be checked.
- Promoter holding has fallen by 8.47 percentage points over the last 3 years, which reduces promoter alignment and may signal continued share supply from insiders.
- Growth may not stay this high: 108% TTM sales growth is well above the 70% 3-year CAGR, so recent results may include lumpy large orders such as supercomputing or AI infrastructure projects that may not repeat at the same scale.
- Shareholder payouts are small: the dividend yield is 0.07%, so returns depend almost entirely on price gains, with little income cushion if sentiment weakens.
- Price momentum has slowed: stock CAGR dropped from 77% over 3 years to 26% over 1 year, which suggests less room for the multiple to keep expanding at current valuations.
- The ₹27,732 crore market cap rests on a system-integration and hardware model. That model relies on imported components such as GPUs and CPUs from a few global suppliers, which exposes margins and supply to vendor pricing, allocation limits and currency moves, a risk that 33% ROE alone does not capture.
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
- FY26 final dividend ₹3 approved Sep 19
Shareholders approved a final dividend of ₹3.00 per share for FY26 at the 27th AGM held on September 19, 2026. They also ratified director commissions.
- Institutional investor meet Sep 25 Sep 18
Netweb will hold an in-person meeting with institutional investors at its Faridabad office on September 25, 2026. Only publicly available information will be discussed, so no new disclosures are expected.
TL;DR: Recent news for Netweb is routine corporate governance activity. The AGM approved a ₹3.00 per share FY26 final dividend, which supports shareholder returns. The supplied articles do not point to any specific headwinds, though they also contain no data on orders, earnings or margins to judge the business trend. The September 25 institutional meet may shape investor sentiment, but the next real signals on direction will come from upcoming quarterly results and order inflows.
Quarterly Results
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 60 | 145 | 253 | 266 | 149 | 251 | 334 | 415 | 301 | 304 | 805 | 774 | 820 |
| Expenses | 51 | 126 | 219 | 225 | 130 | 215 | 291 | 355 | 256 | 258 | 707 | 677 | 699 |
| Operating Profit | 9 | 19 | 34 | 40 | 20 | 36 | 43 | 59 | 45 | 45 | 98 | 97 | 121 |
| OPM % | 14% | 13% | 14% | 15% | 13% | 14% | 13% | 14% | 15% | 15% | 12% | 12% | 15% |
| Other Income | 0 | 3 | 5 | 4 | 4 | 2 | 2 | 2 | 1 | 1 | 7 | 10 | 8 |
| Interest | 1 | 1 | 2 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 8 | 12 |
| Depreciation | 1 | 1 | 2 | 2 | 2 | 3 | 3 | 3 | 3 | 3 | 4 | 4 | 3 |
| PBT | 7 | 20 | 35 | 40 | 20 | 35 | 40 | 57 | 42 | 42 | 98 | 95 | 114 |
| Tax % | 25% | 25% | 26% | 26% | 25% | 25% | 26% | 26% | 27% | 25% | 25% | 26% | 25% |
| Net Profit | 5 | 15 | 26 | 30 | 15 | 26 | 30 | 43 | 30 | 31 | 73 | 71 | 85 |
| EPS in Rs | 0.98 | 2.7 | 4.64 | 5.26 | 2.7 | 4.64 | 5.27 | 7.52 | 5.38 | 5.55 | 12.94 | 12.4 | 14.98 |
Profit & Loss
| Particulars | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 130 | 156 | 143 | 247 | 445 | 724 | 1,149 | 2,184 | 2,702 |
| Expenses | 123 | 148 | 128 | 212 | 375 | 621 | 990 | 1,899 | 2,342 |
| Operating Profit | 7 | 8 | 14 | 35 | 70 | 103 | 159 | 285 | 360 |
| OPM % | 5% | 5% | 10% | 14% | 16% | 14% | 14% | 13% | 13% |
| Other Income | 0 | 1 | 2 | 1 | 1 | 12 | 9 | 19 | 26 |
| Interest | 2 | 3 | 3 | 4 | 4 | 6 | 4 | 13 | 23 |
| Depreciation | 1 | 1 | 1 | 2 | 4 | 6 | 11 | 14 | 14 |
| PBT | 4 | 5 | 11 | 30 | 63 | 102 | 153 | 277 | 349 |
| Tax % | 31% | 27% | 26% | 26% | 25% | 26% | 26% | 26% | — |
| Net Profit | 3 | 4 | 8 | 22 | 47 | 76 | 114 | 206 | 261 |
| EPS in Rs | 4.74 | 6.91 | 14.55 | 39.68 | 9.22 | 13.47 | 20.08 | 36.15 | 45.87 |
| Div. Payout % | 0% | 0% | 0% | 0% | 5% | 15% | 12% | 8% | — |
Balance Sheet
| Particulars | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 6 | 6 | 6 | 6 | 10 | 11 | 11 | 11 |
| Reserves | 5 | 8 | 16 | 39 | 83 | 411 | 518 | 712 |
| Borrowings | 11 | 15 | 31 | 34 | 36 | 10 | 8 | 282 |
| Other Liabilities | 29 | 22 | 58 | 70 | 137 | 180 | 355 | 1,249 |
| Total Liabilities | 51 | 51 | 110 | 149 | 266 | 612 | 892 | 2,255 |
| Fixed Assets | 4 | 6 | 7 | 10 | 23 | 44 | 49 | 58 |
| CWIP | 0 | 0 | 0 | 1 | 2 | 1 | 7 | 2 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 47 | 44 | 104 | 138 | 241 | 568 | 836 | 2,196 |
| Total Assets | 51 | 51 | 110 | 149 | 266 | 612 | 892 | 2,255 |
Cash Flow
| Particulars | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Operating | 3 | 3 | -10 | 5 | 27 | 18 | -13 | 790 |
| Investing | -1 | -3 | -2 | -5 | -14 | -145 | 112 | -216 |
| Financing | -2 | 1 | 12 | 0 | -8 | 209 | -18 | 240 |
| Net Cash Flow | 0 | 1 | 0 | 0 | 5 | 83 | 80 | 814 |
| Free Cash Flow | 3 | 1 | -11 | 0 | 14 | 0 | -36 | 779 |
| CFO/OP | 58 | 57 | -62 | 29 | 57 | 50 | 16 | 301 |
Ratios
| Particulars | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 86 | 41 | 143 | 115 | 124 | 93 | 115 | 112 |
| Inventory Days | 29 | 32 | 100 | 75 | 61 | 77 | 91 | 170 |
| Days Payable | 79 | 46 | 146 | 104 | 116 | 85 | 123 | 161 |
| Cash Conversion Cycle | 35 | 28 | 97 | 86 | 69 | 85 | 83 | 121 |
| Working Capital Days | 27 | 27 | 55 | 58 | 55 | 80 | 92 | 14 |
| ROCE % | — | 31% | 36% | 52% | 64% | 38% | 32% | 37% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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67 extracted metrics + investor summaries across FY19–FY27.
Documents
Frequently Asked Questions about Netweb Technologies
What does Netweb Technologies India Ltd do?
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Company Information
Incorporated in 1999, Netweb Technologies India (NTI) is one of India‘s leading high-end computing solutions (HCS) providers, with fully integrated design and manufacturing capabilities.[1]
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