Network People Services Technologies Ltd
NPST NSE
Network People Services Technologies Ltd
Information TechnologyNSE: NPST BSE: 544396 IT Enabled Services
Key Fundamentals
MicrocapIT Enabled ServicesInformation TechnologyMarket Cap
₹3,159 Cr
Volatility
Moderate
P/E Ratio
75.88
EBITDA
₹50.64 Cr
Return on Equity
43.27%
Debt to Equity
0.03
Book Value
₹211.12
52W High
₹2,388.3
52W Low
₹846.6
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Network People Services Technologies Ltd insights
39 extracted metrics + investor summaries across FY18–FY26.
Tapetide Score
Data-driven rating, 0–100. How it works →
Technical Indicators
Key Insights
Strengths
4- Company is almost debt free.
- Company is expected to give good quarter
- Company has delivered good profit growth of 107% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 28.5%
Weaknesses
4- Stock is trading at 7.13 times its book value
- Company has high debtors of 195 days.
- Promoter holding has decreased over last 3 years: -7.07%
- Working capital days have increased from 31.3 days to 140 days
Growth Rate
Revenue Growth
7.92% ↘
Net Income Growth
-8.16% ↘
Cash Flow Change
-42.99% ↘
ROE
-5.98% ↘
ROCE
-6.06% ↘
EBITDA Margin (Avg.)
-35.36% ↘
AI Analysis — Bull vs Bear
anthropic claude-opus-4.6 33d agoAI opinion · based on fundamentals
Risk high
Network People Services Technologies Ltd (NPST) is a financial services technology company with a market cap of ₹3,581 Cr trading at a PE of 89.1x. The company has delivered exceptional 5-year profit CAGR of 107% and remains nearly debt-free, but recent TTM profit growth has turned negative at -10% while working capital days have expanded significantly from 31 to 140 days.
Bull Case 8
- Exceptional 5-year compounded profit growth of 107% CAGR demonstrates strong long-term earnings scalability in digital payments infrastructure
- Company is almost debt-free, providing financial flexibility and low interest burden in a capital-intensive fintech environment
- 3-year ROE of 28.5% and 5-year ROE of 28% indicate consistently high capital efficiency well above cost of equity
- 5-year compounded sales CAGR of 66% reflects sustained revenue momentum driven by India's expanding digital payments ecosystem
- 3-year stock CAGR of 85% shows significant long-term wealth creation despite recent correction
- 3-year compounded profit CAGR of 84% confirms sustained earnings growth beyond just a single exceptional year
- Company is expected to deliver a good upcoming quarter, suggesting near-term operational momentum remains intact
- Dividend yield of 0.11% indicates the company has initiated shareholder returns while retaining capital for growth
Bear Case 8
- PE ratio of 89.1x is extremely elevated, leaving little margin of safety if growth decelerates further from the TTM -10% profit decline
- Working capital days have surged from 31.3 to 140 days, indicating severe deterioration in cash conversion efficiency and potential collection issues
- Debtor days at 195 days is alarmingly high, suggesting delayed receivables and potential credit risk from customers
- TTM profit growth has turned negative at -10%, a sharp reversal from the 84% three-year CAGR, raising questions about growth sustainability
- Promoter holding has decreased by 7.03% over the last three years, which may signal reduced insider confidence
- Price-to-book ratio of 8.26x is steep for a financial services company, pricing in substantial future growth that must materialize
- Last year ROE dropped to 15% from the 3-year average of 29%, indicating declining return on capital efficiency
- Stock has declined 15% over the past one year, underperforming broader markets and reflecting weakening investor sentiment
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
anthropic claude-opus-4.6 33d ago Positives 1
- UPI TPAP order from Maharatna PSU Jun 22
NPST secured an order from a Maharatna PSU to develop a UPI TPAP application. The project operates on a SaaS model, generating recurring revenue.
Neutral 2
- Independent Director appointed Jun 30
Shareholders approved appointment of Vijay Kumar Singh as Independent Director with 99.99% votes in favour.
- Investor meet on June 29 Jun 22
NPST scheduled a virtual investor meet on June 29, 2026 to discuss business and growth strategy.
TL;DR: NPST is building momentum in the UPI payments ecosystem with a new recurring-revenue SaaS order from a Maharatna PSU, signaling strong business development in digital payments infrastructure. No headwinds are visible in recent news. Corporate governance actions appear routine. The trend is modestly positive with the SaaS-based PSU win pointing to stable future revenue streams.
Quarterly Results
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 21 | 24 | 28 | 31 | 44 | 59 | 67 | 21 | 26 | 34 | 47 | 53 | 62 |
| Expenses | 15 | 17 | 19 | 21 | 29 | 38 | 44 | 15 | 18 | 24 | 33 | 38 | 49 |
| Operating Profit | 7 | 8 | 9 | 10 | 15 | 21 | 23 | 7 | 9 | 10 | 14 | 14 | 13 |
| OPM % | 31% | 31% | 32% | 33% | 34% | 35% | 35% | 31% | 33% | 29% | 29% | 27% | 21% |
| Other Income | 0 | 0 | 0 | 1 | 1 | 1 | 2 | 2 | 2 | 1 | 2 | 5 | 6 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 1 | 2 | 2 | 2 | 3 | 1 | 1 | 2 | 2 | 1 | 2 | 3 | 3 |
| PBT | 5 | 6 | 7 | 9 | 13 | 21 | 24 | 7 | 8 | 10 | 13 | 16 | 16 |
| Tax % | 25% | 17% | 32% | 25% | 24% | 26% | 24% | 25% | 37% | 26% | 27% | 28% | 23% |
| Net Profit | 4 | 5 | 5 | 7 | 10 | 16 | 18 | 5 | 5 | 7 | 10 | 12 | 12 |
| EPS in Rs | 1.98 | 2.66 | 2.58 | 3.37 | 5.18 | 8.06 | 9.36 | 2.65 | 2.69 | 3.71 | 4.72 | 5.53 | 5.88 |
Profit & Loss
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 18 | 18 | 15 | 15 | 19 | 41 | 128 | 173 | 195 |
| Expenses | 15 | 15 | 13 | 12 | 16 | 29 | 85 | 113 | 144 |
| Operating Profit | 2 | 3 | 2 | 3 | 3 | 12 | 43 | 60 | 51 |
| OPM % | 14% | 17% | 15% | 19% | 18% | 30% | 34% | 35% | 26% |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 3 | 7 | 14 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Depreciation | 1 | 1 | 1 | 2 | 2 | 4 | 10 | 7 | 9 |
| PBT | 2 | 2 | 1 | 1 | 2 | 9 | 36 | 60 | 55 |
| Tax % | 28% | 28% | 27% | 25% | 24% | 25% | 24% | 25% | 26% |
| Net Profit | 1 | 1 | 1 | 1 | 2 | 7 | 27 | 45 | 41 |
| EPS in Rs | 4.17 | 4.5 | 3.47 | 0.8 | 0.77 | 3.36 | 13.87 | 23.31 | 19.58 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 10% |
Balance Sheet
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 1 | 1 | 1 | 4 | 6 | 6 | 19 | 19 | 21 |
| Reserves | 2 | 4 | 5 | 2 | 16 | 22 | 38 | 84 | 420 |
| Borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 3 | 10 | 14 |
| Other Liabilities | 5 | 4 | 4 | 9 | 8 | 10 | 19 | 33 | 54 |
| Total Liabilities | 8 | 9 | 10 | 17 | 30 | 39 | 80 | 146 | 508 |
| Fixed Assets | 2 | 1 | 3 | 3 | 4 | 9 | 9 | 13 | 55 |
| CWIP | 1 | 2 | 3 | 4 | 6 | 4 | 0 | 1 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Other Assets | 6 | 5 | 4 | 10 | 20 | 26 | 70 | 132 | 452 |
| Total Assets | 8 | 9 | 10 | 17 | 30 | 39 | 80 | 146 | 508 |
Cash Flow
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating | 2 | 1 | 3 | 2 | -7 | 24 | 51 | 29 | -45 |
| Investing | -3 | -2 | -3 | -3 | -5 | -6 | -33 | 8 | -42 |
| Financing | 0 | 0 | 0 | 0 | 13 | 0 | 0 | 7 | 296 |
| Net Cash Flow | -1 | -1 | 0 | 0 | 1 | 18 | 18 | 44 | 208 |
| Free Cash Flow | -1 | -1 | 0 | 0 | -13 | 18 | 48 | 18 | -93 |
| CFO/OP | 115 | 56 | 155 | 94 | -199 | 216 | 139 | 74 | -66 |
Ratios
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 57 | 51 | 52 | 175 | 95 | 8 | 3 | 67 | 195 |
| Inventory Days | — | — | — | — | — | — | — | — | 4 |
| Days Payable | — | — | — | — | — | — | — | — | 153 |
| Cash Conversion Cycle | 57 | 51 | 52 | 175 | 95 | 8 | 3 | 67 | 46 |
| Working Capital Days | -11 | 17 | -6 | -4 | 196 | -31 | -43 | -3 | 140 |
| ROCE % | — | 48% | 28% | 23% | 14% | 35% | 80% | 69% | 20% |
Documents
1
Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
29 Apr - NPST declares it is not a Large Corporate as of 31 March 2026; disclosure not applicable for FY27. 29 Apr - NPST declares it is not a Large Corporate as of 31 March 2026; disclosure not applicable for FY27.
2
Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
29 Apr - NPST declares it is not a Large Corporate as of 31 March 2026; disclosure not applicable for FY27. 29 Apr - NPST declares it is not a Large Corporate as of 31 March 2026; disclosure not applicable for FY27.
3
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
14 Apr - In accordance with regulation 74(5) of SEBI (DP) regulations, 2018, please find attached the certificate of compliance of dematerialisation of share within 30 days of … 14 Apr - In accordance with regulation 74(5) of SEBI (DP) regulations, 2018, please find attached the certificate of compliance of dematerialisation of share within 30 days of …
4
Announcement under Regulation 30 (LODR)-Press Release / Media Release
8 Apr - NPST wins public sector bank order for AI-powered merchant underwriting and risk management platform. 8 Apr - NPST wins public sector bank order for AI-powered merchant underwriting and risk management platform.
5
Disclosure under Regulation 30A of LODR
3 Apr - Independent Director Abhishek Mishra resigned effective April 1, 2026. 3 Apr - Independent Director Abhishek Mishra resigned effective April 1, 2026.
Frequently Asked Questions about Network People Services Technologies Ltd
What does Network People Services Technologies Ltd do?
Incorporated in 2013, Network People
Services Technologies Ltd is a fintech
firm which specializes in UPI payments
and digital banking, and operates as
both a TSP and a PPaaS[1]
Where is Network People Services Technologies Ltd (NPST) listed?
Network People Services Technologies Ltd is listed on the Indian stock exchanges. It is listed on NSE: NPST and BSE: 544396. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Network People Services Technologies Ltd belong to?
Network People Services Technologies Ltd operates in the Information Technology sector within the IT Enabled Services industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Network People Services Technologies Ltd?
Network People Services Technologies Ltd has a market capitalisation of approximately ₹3158.87 Cr. Based on this, it is classified as a Small Cap stock.
What is the PE ratio of Network People Services Technologies Ltd?
The Price-to-Earnings (PE) ratio of Network People Services Technologies Ltd is 75.88. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Network People Services Technologies Ltd?
Over the past 52 weeks, Network People Services Technologies Ltd has traded between a low of ₹846.6 and a high of ₹2,388.3. This range helps investors understand the stock's price volatility and recent trading levels.
Does Network People Services Technologies Ltd pay dividends?
Yes, Network People Services Technologies Ltd has a dividend yield of 0.13%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Network People Services Technologies Ltd?
Network People Services Technologies Ltd has a Return on Equity (ROE) of 43.27%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Network People Services Technologies Ltd on Tapetide?
On Tapetide, you can view Network People Services Technologies Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.
Company Information
Incorporated in 2013, Network People Services Technologies Ltd is a fintech firm which specializes in UPI payments and digital banking, and operates as both a TSP and a PPaaS[1]