AnnouncementSep 2026
Sep 2026 · Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 18 Sep - Intimation regarding schedule of Investor meet to be held on September 25, 2026
Source: Bse
Netweb Technologies India Limited (NETWEB)
Small CapIT stocks · Small cap · NSE
Netweb Technologies India Limited is an Indian OEM in high-end computing solutions, specializing in AI systems, High-Performance Computing (HPC), and Private Cloud. The company offers fully integrated design, manufacturing, and deployment capabilities, focusing on indigenous solutions for data localization and sovereignty.
Data qualityFresh enough for analysisQuote updated 21 Oct, 03:15 pm ISTDetails
Quote21 Oct, 03:15 pm IST
Base fundamentals20 Oct 2026 · screener
Latest result16 Aug, 12:39 am IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags02 May 2026
Coverage14/14 · 100%
Valuation2026-07-20 · Rf 6.8% · IT P/E 21.4 (n=204)
Technical timing lens
Trend score and candlestick chart
71BullishSMA20 -7.0% / mo · MACD + · sector +19.2pp vs Nifty 500 (3M)
Stock trend: 52
Sector RS: 100
Sector 3M: +13.3% vs Nifty 500 -5.9%
IT FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
NETWEBD candles · FIT view+15.1%TODAY · PROVISIONALLatest price ₹4605.00 on 2026-10-21
Today's candle is provisional from the latest intraday quote; completed-candle scans remain unchanged.
Bar
-2.5%
RSI
43
MACD hist
0.38
52W pos
58%
2026-10-21O ₹4724.50H ₹4784.00L ₹4578.10C ₹4605.00Vol 12.2L shIntraday candle
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
NETWEBNifty ITNifty 500
- NETWEB
- +12.5%
- Nifty 500
- -5.6%
- Nifty IT
- +8.1%
- Vs Nifty 500
- +18.1 pp
Chart stats
19 Oct 2026- From 52W high
- -19.1%
- 52W range position
- 62%
- ATR (14)
- 4.4%
- Volume vs 20D
- 0.64x
- Avg traded value
- ₹553 Cr
- 20D price channel
- ₹4,453 - ₹5,130
₹5,813
₹2,920 - ₹5,813
₹205.5
Latest completed session
20-session average
42.9% annualized volatility
Research snapshot
What the evidence says now
Investable fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend supports entry, and recent execution is consistent.
Suggested next step
Research, do not rush
The evidence is not strongly aligned. Compare peers and wait for a cleaner setup.
U-Score
Legacy · UNDERVALUED60
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Excellent77
Revenue +172.4% · PAT +183.3% YoY
Technical
Bullish71
Price trend and sector-relative-strength timing.
Valuation
Legacy model-212.7%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence83
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Excellent · 77/100Rev +172% YoY · PAT +183% YoY · +6% QoQ · operating leverage · margin compression
Filed 30 Jun 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹820 Cr | +172.4% | +5.9% |
| EBITDA | ₹121 Cr | +168.9% | +24.7% |
| Operating margin | 15.0% | +0 bps | +300 bps |
| PAT | ₹85 Cr | +183.3% | +19.7% |
| PAT margin | 10.4% | +40 bps | +120 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 107.00
- P/B
- 37.01
- EV/EBITDA
- 75.46
- Market Cap
- 27940.00Cr
Profitability
- ROE
- 32.80%
- ROCE
- 37.50%
- ROA
- 11.57%
- Dividend Y
- 0.06%
Growth (CAGR)
- Revenue 5Y
- 73.00%
- EPS 5Y
- 90.00%
- Revenue 3Y
- 70.00%
- EPS 3Y
- 64.00%
Balance Sheet
- Debt/Equity
- 0.39
- Interest Coverage
- 15.65×
- Altman Z
- 8.28
- Book Value
- 127.00
Cash Flow
- FCF Yield
- 2.05%
- FCF Positive Y
- 4/5
- OCF
- 790.00 Cr
- EPS TTM
- 45.87
Shareholding
- Promoter Hold
- 64.16%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 62%
Financial History
Updated 19/10/2026
Revenue
₹ CrLatest: 820+5.9% vs prev
Net Profit
₹ CrLatest: 85.0+19.7% vs prev
ROE is shown only in the Annual view — quarterly equity data isn't published.
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Bearish setupTrend is weak — long-term uptrend intact. RSI 43.
- Price above SMA200 (long-term uptrend) but mid-term MAs not aligned.
- SMA20 falling (~6.7% over last month) — short-term momentum negative.
- RSI(14) at 43 — falling, no extreme reading.
- MACD above signal but histogram contracting — bullish momentum cooling.
- 21% off 52W high · 58% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
81
RS percentile
Stage 2 UptrendEstablished S2
1M return
+0.8%
3M return
+12.5%
6M return
+16.9%
1Y return
+11.7%
RS 1D
-3
RS 20D
+1
Sector rank
#2
Industry rank
#5
Stage evidence
- Price is 7.0% above the 30-week proxy.
- The 50-DMA is above the 30-week proxy and its slope is rising +4.1%.
- Both 3-month and 6-month returns are positive.
50-DMA
price below
200-DMA
price above
S2 entered
02 Jun 2026
S2 age
98 trading sessions
Sector
leading
Industry
leading
Relative-strength line vs Nifty 500 (base 100)
261 observations
19 Oct 2026Value 135.25+0.36%
RS vs Nifty 500135
Valuation & peers
U-Score 60 · legacy U-Score band UNDERVALUED · valuation evidence and comparable companies
Valuation & peers
U-Score 60 · legacy U-Score band UNDERVALUED · valuation evidence and comparable companies
Premium Compounder
Fundamental score breakdown
U band · UNDERVALUEDValuation0/30
Growth18/25
Quality20/20
Balance Sheet9/15
Cash Flow8/10
Piotroski
8/9 (+5)
Penalties
0
Raw sum
60
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
60/100 · legacy band UNDERVALUED
Positive drivers
- Piotroski is strong at 8/9.
- Quality contributes 20/20 to the score.
- Cash flow contributes 8/10 to the score.
Main drags
- Fair-value margin of safety is negative at -212.7%.
- Valuation is weaker at 0/30; verify the latest quarterly trend.
- Balance sheet is weaker at 9/15; verify the latest quarterly trend.
Sector valuation model
IT valuation: PE and EV/EBITDA against growth and margins
Asset-light IT companies deserve valuation support only when growth, margins, and cash conversion hold up.
Primary lens
PE and EV/EBITDA relative to revenue growth, margins, and cash conversion.
Secondary checks
Deal pipeline, attrition, dollar revenue growth, FCF yield.
Main risk check
Low PE can reflect weak growth or margin pressure.
PE
107.0
PB
37.0
EV/EBITDA
75.5
ROE
32.8%
ROCE
37.5%
FCF Yield
2.0%
Debt/Equity
0.4
MoS
-212.7%
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 21 Oct 2026
v4.3-runtime-valuation
Final score
60
Previous: 60
Legacy U-Score band
UNDERVALUED
Previous: UNDERVALUED
Margin of safety
-212.7%
Previous: -219.2%
Score history
12 stored score snapshots. Latest stored move: +0 points.
21 Oct 2026
v4.3-runtime-valuation
60
60
60
60
60
60
60
60
60
60
60
60
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹362.04
-1172.0% MoS
Growth-justified P/E
32.1
Growth-justified Value
₹1,472.43
-212.7% MoS
PEG
1.34
Comparable companies
Peers
Business-comparable peers in IT — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
SIGMAADV
Small
SIGMA ADVANCED SYSTEMS LIMITED
IT Services / Digital
match 164
41
129.0
-4.0%
-213%
WATCHLIST
SHADOWFAX
Small
Shadowfax Technologies Limited
IT Services / Digital
match 162
35
100.0
10.4%
-143%
WATCHLIST
ZENSARTECH
Small
Zensar Technologies Limited
IT Services / Digital
match 161
72
14.5
17.3%
+53%
UNDERVALUED
SHILCTECH
Small
Shilchar Technologies Limited
IT Services / Digital
match 160
59
33.6
37.8%
-0%
FAIR VALUE
MPSLTD
Small
MPS Limited
IT Services / Digital
match 159
62
23.3
29.7%
+31%
UNDERVALUED
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Where growth can come from, and what can break the case
Thesis intactReviewed 2026-10-01T00:40:29.384Z
Management commentary snapshot
Netweb Technologies reported record Q1 FY27 revenue of INR8,197 million, up 172.1% YoY, and PAT of INR853 million, up 179.9% YoY, driven by strong AI segment growth and disciplined execution.
The company delivered record Q1 FY27 results, with significant YoY growth in revenue and PAT, primarily fueled by its AI segment. A robust order book and pipeline, coupled with strategic investments in emerging areas like Physical AI and Quantum Computing, support continued strong business visibility. Management maintains stable margin guidance and effective working capital management.
Growth engines
AI Segment Growth
Contributed INR5,105.70 million, 62% of revenue, growing 484% YoY.
HPC & Private Cloud Traction
Maintained robust traction at INR1,252.94 million and INR1,353.46 million respectively, reinforcing three growth pillars.
Sovereign AI Compute
Strategic national imperative, creating a deep multiyear demand pipeline for high-end computing systems designed and manufactured within India.
NSM 2.0 Transition
Transitions into build and design in India approach, broadening HPC adoption across enterprises, favoring indigenous design and domestic manufacturing.
Capacity and execution
Existing Manufacturing Capacity
Current facilities were already built to sustain a turnover of INR3,000-plus crores.
Future Capex Plans
No major capex is needed at this level; only light and routine capex will continue.
Tailwinds
Unprecedented AI Infrastructure Build-out
Anchored by India AI Mission GPU compute initiative, indigenous sovereign foundation models, and demand from new cloud providers and CSPs.
Indigenous Design & Domestic Manufacturing
Emerging as decisive qualification criteria for NSM 2.0 and broader HPC adoption.
Worldwide & India AI Demand
Phenomenal demand for AI compute, with the world looking to India for data centers.
Widening Indian Foundational Model Landscape
Emergence of global players is expanding the horizon for Indian foundational models, ultimately driving AI adoption and system demand.
Headwinds
Data Center Equipment Shortage
Data center equipment like racks, chillers, and mechanical components are experiencing shortages.
Component Scarcity & Price Increases
Worldwide scarcity of components, especially memory prices, is increasing, though the company manages impact through planning and direct relationships.
Risk radar
Component Availability
Scarcity of components, especially on the AI leg, is a continuous challenge, though managed by direct relationships and better planning.
Working Capital Requirements
Need to invest in working capital for growth to pursue large pipeline opportunities, potentially requiring capital raise.
Management accountability
What management said, and what results must prove
Issuer guidance and extracted claims are tracked against later reported outcomes. Treat these as management statements, not IndiaPulse forecasts.
Analyst reading lens
Compare YOY
Management explicitly highlights strong year-on-year growth percentages for revenue and profit, indicating that annual comparison is the primary measure for performance evaluation.
Sector KPIs management disclosed
Revenue from Operations
INR8,197 million, 172.1% YoY growth
Profit After Tax (PAT)
INR853 million, 179.9% YoY growth
PAT Margin
10.3%
Operating EBITDA
INR1,205 million, 169% YoY growth
Management forward view
Margin Stability
Margins are very well within the guidance range of 13% to 14% and are expected to remain stable.
Pricing Strategy
Company prices products appropriately to show value for money, not overcharging customers due to scarcity or market conditions.
Order Conversion Rate
60% of the pipeline is expected to convert within 18 to 24 months.
R&D Investment Focus
Investing in low footprint architecture, advanced interconnects, direct cooling for HPC, indigenous solutions for Private Cloud, and innovation across the AI stack.
Thesis monitor
Numbers and claims to verify in the next filings
| Checkpoint | Current evidence | What to verify next |
|---|---|---|
| Order Book & Pipeline Conversion | Order Book: INR25,069.35M, L1: INR8,480.47M, Pipeline: INR104,100M | Conversion of 60% of the pipeline within the guided 18-24 month timeframe. |
| Working Capital Management | Inventory Days: 110 (up from 86), Receivable Days: 78 (down from 86) | Maintenance of optimal inventory levels to support growth and continued improvement in receivable days. |
| Margin Performance | Operating EBITDA Margin: 14.7%, PAT Margin: 10.3% | Stability of margins within the 13-14% guidance range despite component price fluctuations. |
| R&D Progress in New Verticals | R&D commenced for Physical AI and Quantum Computing, with a team of 125 people. | Meaningful developments and eventual revenue contribution from these new product lines in coming quarters. |
Verification checkpoints are IndiaPulse research interpretation, not investment advice.
Trust Score
83Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 95th percentile of the scored universe and 92nd percentile within IT. No major sub-score weakness stands out.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 21 Oct 2026
management-trust-v1
83 docs text-extracted · 29 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
95th percentile
overall median 67 · IT: 92nd pctile, median 69 · Small: 96th pctile, median 66
Evidence depth
Financial-only
83 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Can support position sizing if valuation and trend also agree.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
68
acceptable · holding, pledge, alignment
Cash flow
77
strong · profit to cash conversion
Balance sheet
89
strong · leverage and solvency
Discipline
90
strong · capital discipline
Results
95
strong · quarterly consistency
Trust positives
- ▸Promoter holding is 64.2%.
- ▸Promoter pledge is zero.
- ▸FCF yield is positive at 2.1%.
- ▸4 years of positive FCF.
Trust risks
- ▸Promoter holding fell 6.8%.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Netweb Technologies India Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Announcement
Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS 3 Sep - Intimation regarding allotment of 1645 ESOPs on 03.09.2026
Source: Bse
Concall transcriptAug 2026
Aug 2026 · Transcript
Source: Bse
Investor presentationAug 2026
Aug 2026 · PPT
Source: Bse
AnnouncementAug 2026
Aug 2026 · Announcement under Regulation 30 (LODR)-Qualified Institutional Placement 20 Aug - Netweb closed QIP, allotting 25,05,219 shares at ₹4,790 each on August 20, 2026.
Source: Bse
AnnouncementAug 2026
Aug 2026 · Announcement under Regulation 30 (LODR)-Allotment 21 Aug - Netweb allotted 25.05 lakh shares in ₹1,200 crore QIP on August 20, 2026.
Source: Bse
AnnouncementAug 2026
Aug 2026 · Announcement under Regulation 30 (LODR)-Newspaper Publication 22 Aug - Intimation regarding newspaper publication dated August 22, 2026
Source: Bse
AnnouncementAug 2026
Aug 2026 · Announcement under Regulation 30 (LODR)-Qualified Institutional Placement 17 Aug - Netweb opens QIP on 17 Aug 2026; floor price set at ₹4,885.90 per share.
Source: Bse
AnnouncementAug 2026
Aug 2026 · Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 4 Aug - Investors meet from 10th August 2026 to 12th August 2026
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 29 Aug - Intimation regarding newspaper publication of 27th AGM Notice
Source: Bse
Annual report
Intimation Regarding Dispatch Of Physical Letter 28 Aug - Dispatched 27th AGM notice and FY26 annual report to shareholders without registered email addresses.
Source: Bse
AnnouncementJul 2026
Jul 2026 · Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 6h - Netweb Technologies will host Q1FY27 post-results conference call on July 29, 2026 at 3:30 pm IST.
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.