Netweb Technologies India Q2 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹26,079 Cr
- P/E
- 100.04
- ROE
- 32.79%
- PEG
- 1.57
- Price to sales
- 9.65
- Debt to equity
- 0.39
- 52W high / low
- ₹5,601 / ₹3,024
- Sales growth (5Y)
- 72.54%
- EBITDA margin
- 13.34%
- Net profit margin
- 9.41%
- Promoter holding
- 64.16%
- Sales (last year)
- ₹2,702 Cr
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]
Guidance scorecard · Q2 FY27 call
What Netweb Technologies India Ltd's management guided
and where it ranks in IT - Services
IT - Services
RevenueQ1 FY27 call
40%+- The company has a healthy order book of approximately INR 3,400 crores, supporting strong growth for the financial year.
- AI systems represent about 40-45% of the order book, with the balance spread across HPC and private cloud segments, all growing robustly.
- The pipeline is large and expected to convert at around 60% over an 18-24 month period, indicating sustained growth.
- Domestic demand, especially for AI infrastructure and data centers in India, is phenomenal, with exports not currently a focus.
- The market for AI products is projected to grow at a 38% CAGR over the next 3-4 years, offering significant headroom.
2 more points from Netweb Technologies India Ltd's call on revenue
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MarginsQ1 FY27 call
FlatSee what Netweb Technologies India Ltd said on margins — free account, 30 seconds.
CapexQ1 FY27 call
None planned- The company has taken an enabling resolution valid for 12 months to raise capital if needed, primarily for working capital to support growth.
- There is no current plan or certainty to raise funds; the enabling resolution is a precautionary measure for potential future capital raising.
- Any capital raised will be for working capital purposes only, not for capacity expansion or M&A.
- The company is continuously investing in R&D (team of 125 people).
2 more points from Netweb Technologies India Ltd's call on capex
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FundraisingQ1 FY27 call
PlannedSee what Netweb Technologies India Ltd said on fundraising — free account, 30 seconds.
Order bookQ1 FY27 call
Rising- As of June 30, 2026, the order book stood at approximately INR 2,500 crores.
- The L1 order position (orders won but not yet received) is around INR 800 crores, considered as co-order book.
- Combined, the order book plus L1 orders amount to about INR 3,400 crores.
- Execution cycle has extended from earlier 8-12 weeks to approximately 16-20 weeks.
- The company mentions a strong order pipeline and guidance that the existing order book will serve them for about 2 years.
- The overall pipeline including strategic and regular orders exceeds INR 10,000 crores, providing robust medium-term business visibility.
2 more points from Netweb Technologies India Ltd's call on the order book
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Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in IT - Services
on management's own guidance
- Strong growth2
- 1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
IT - Services companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | Netweb Technol.This stock | 40%+ | Flat | ₹28,129 Cr | 107.9 |
| 2 | 40%+ | Flat | ₹1,612 Cr | 37.6 | |
| 3 | 40%+ | Flat | ₹1,534 Cr | 131.2 | |
| 4 | 40%+ | Flat | ₹571 Cr | 24.8 | |
| 5 | 40%+ | Flat | ₹378 Cr | 26.9 | |
| 6 | 40%+ | Flat | ₹84 Cr | 8.3 |
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Pro shows every company guiding 40%+ revenue growth →Full IT - Services rankingFinancials of Netweb Technologies India Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Shareholder Pattern
Netweb Technologies India Ltd
Shareholding breakup across reporting periods.
| Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters + | 75.45% | 75.04% | 75.04% | 71.39% | 71.39% | 71.03% | 71.03% | 71.00% | 71.00% | 66.98% | 66.98% | 64.16% |
| FIIs + | 9.69% | 10.21% | 10.22% | 12.13% | 11.10% | 10.67% | 9.54% | 10.82% | 9.55% | 9.29% | 9.27% | 9.47% |
| DIIs + | 8.05% | 6.93% | 4.32% | 5.59% | 5.23% | 5.34% | 4.23% | 3.57% | 3.30% | 4.68% | 5.91% | 7.22% |
| Public + | 6.82% | 7.84% | 10.41% | 10.89% | 12.28% | 12.97% | 15.20% | 14.62% | 16.14% | 19.03% | 17.84% | 19.14% |
| No. of Shareholders | 73,803 | 80,839 | 99,819 | 1,17,870 | 1,43,302 | 1,67,314 | 1,81,134 | 1,82,013 | 2,19,350 | 2,43,292 | 2,46,932 | 2,61,372 |
Financials of Netweb Technologies India Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 145 | 253 | 266 | 149 | 251 | 334 | 415 | 301 | 304 | 805 | 774 | 820 | 1,323 |
| Expenses + | 126 | 219 | 225 | 130 | 215 | 291 | 355 | 256 | 258 | 707 | 677 | 699 | 1,126 |
| Operating Profit | 19 | 34 | 40 | 20 | 36 | 43 | 59 | 45 | 45 | 98 | 97 | 121 | 197 |
| OPM % | 13% | 14% | 15% | 13% | 14% | 13% | 14% | 15% | 15% | 12% | 12% | 15% | 15% |
| Other Income + | 3 | 5 | 4 | 4 | 2 | 2 | 2 | 1 | 1 | 7 | 10 | 8 | 13 |
| Interest | 1 | 2 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 8 | 12 | 24 |
| Depreciation | 1 | 2 | 2 | 2 | 3 | 3 | 3 | 3 | 3 | 4 | 4 | 3 | 4 |
| Profit before tax | 20 | 35 | 40 | 20 | 35 | 40 | 57 | 42 | 42 | 98 | 95 | 114 | 183 |
| Tax % | 25% | 26% | 26% | 25% | 25% | 26% | 26% | 27% | 25% | 25% | 26% | 25% | 25% |
| Net Profit + | 15 | 26 | 30 | 15 | 26 | 30 | 43 | 30 | 31 | 73 | 71 | 85 | 137 |
| EPS in Rs | 2.70 | 4.64 | 5.26 | 2.70 | 4.64 | 5.27 | 7.52 | 5.38 | 5.55 | 12.94 | 12.40 | 14.98 | 22.99 |
Financials of Netweb Technologies India Ltd
Profit & Loss
Annual income statement trend
| 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 | 3,722 |
| Expenses + | 123 | 148 | 128 | 212 | 375 | 621 | 990 | 1,899 | 3,209 |
| Operating Profit | 7 | 8 | 14 | 35 | 70 | 103 | 159 | 285 | 512 |
| OPM % | 5% | 5% | 10% | 14% | 16% | 14% | 14% | 13% | 14% |
| Other Income + | 0 | 1 | 2 | 1 | 1 | 12 | 9 | 19 | 38 |
| Interest | 2 | 3 | 3 | 4 | 4 | 6 | 4 | 13 | 46 |
| Depreciation | 1 | 1 | 1 | 2 | 4 | 6 | 11 | 14 | 14 |
| Profit before tax | 4 | 5 | 11 | 30 | 63 | 102 | 153 | 277 | 490 |
| Tax % | 31% | 27% | 26% | 26% | 25% | 26% | 26% | 26% | |
| Net Profit + | 3 | 4 | 8 | 22 | 47 | 76 | 114 | 206 | 366 |
| EPS in Rs | 0.53 | 0.77 | 1.62 | 4.41 | 9.22 | 13.47 | 20.08 | 36.15 | 63.31 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 5% | 15% | 12% | 8% |
Financials of Netweb Technologies India Ltd
Balance Sheet
Capital structure and asset base
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 6 | 6 | 6 | 6 | 10 | 11 | 11 | 11 | 12 |
| Reserves | 5 | 8 | 16 | 39 | 83 | 411 | 518 | 712 | 2,092 |
| Borrowings + | 11 | 15 | 31 | 34 | 36 | 10 | 8 | 282 | 333 |
| Other Liabilities + | 29 | 22 | 58 | 70 | 137 | 180 | 355 | 1,249 | 1,630 |
| Total Liabilities | 51 | 51 | 110 | 149 | 266 | 612 | 892 | 2,255 | 4,067 |
| Fixed Assets + | 4 | 6 | 7 | 10 | 23 | 44 | 49 | 58 | 61 |
| CWIP | 0 | 0 | 0 | 1 | 2 | 1 | 7 | 2 | 1 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets + | 47 | 44 | 104 | 138 | 241 | 568 | 836 | 2,196 | 4,005 |
| Total Assets | 51 | 51 | 110 | 149 | 266 | 612 | 892 | 2,255 | 4,067 |
Financials of Netweb Technologies India Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 3 | 3 | -10 | 5 | 27 | 18 | -13 | 790 |
| Cash from Investing Activity + | -1 | -3 | -2 | -5 | -14 | -145 | 112 | -216 |
| Cash from Financing Activity + | -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/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 58% | 57% | -62% | 29% | 57% | 50% | 16% | 301% |
Financials of Netweb Technologies India Ltd
Ratios
Working capital efficiency and return ratios
| 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% |
Guidance history
How Netweb Technologies India Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q1 FY27 call → | 40%+ | Flat | None planned | Planned | Rising |
| Q4 FY26 call → | 40%+ | Flat | None planned | None planned | Rising |
| Q3 FY26 call → | 40%+ | Flat | Planned | None planned | Rising |
| Q2 FY26 call → | 20–40% | Flat | None planned | None planned | Rising |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
33 out of 100 — Cooling
Over the past year its share price has done worse than most of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | +4.7% | 64% |
| Last 6 months | +9.3% | 66% |
| Last 3 months | +0.9% | 68% |
The price is 21.4% below its all-time high of ₹5,601 (21 Aug 2026). Stocks more than 20% below their peak have their score halved, so 66 became 33.
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Netweb Technologies India Ltd: 0.4 × 64 + 0.4 × 66 + 0.2 × 68 = 66, halved to 33 because the price is more than 20% below its all-time high.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 28 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.
Continue your research
What Netweb Technologies India Ltd's management said in earlier quarters
- Q2 FY27 earnings call analysis →
- Q1 FY27 earnings call analysis →
- Q2 FY26 earnings call analysis →
- Q3 FY26 earnings call analysis →
- Q1 FY26 earnings call →
- Q3 FY25 earnings call →
- Q2 FY25 earnings call →
- Q1 FY25 earnings call →
- Q4 FY24 earnings call →
- Q3 FY24 earnings call →
- Q2 FY24 earnings call →
- Q1 FY24 earnings call →
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