Network People Services Technologies Ltd.

•

npstx.comBSE: 544396NSE: NPST

Market Cap₹ 3,524 Cr.

Current Price

High / Low₹ 2,138 / 847

Stock P/E78.9

Book Value₹ 216

Price to Book45.97

Dividend Yield0.00 %

ROCE73.7 %

ROE57.9 %

Face Value₹ 10

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ABOUT

AI Sector View

AI GENERATED

Information Technology

Buy

IT is supported by a still-expanding services backdrop and a weaker rupee. Export of services grew 13.0% YoY (2026-06), services PMI was 54.1 (Aug/26), and the currency at 95.23 (Sep/26) is depreciated versus the previous 95.16, which helps INR translation of export revenues. FPI positioning is only neutral-to-soft with net 3-month flow of INR -5 crore to 2026-08-31, so the positive stance is primarily macro-driven.

Confidence

68%

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PROS

Company has delivered good profit growth of 112.6% CAGR over last 5 years
Company is almost debt free
Company has a healthy return on capital (ROCE) of 63.6%
Company has a good return on equity (ROE) track record: 3 Years ROE 49.2%
Company has delivered good sales growth of 62.7% CAGR over last 5 years
Latest quarter profit grew 53.6% YoY, showing strong momentum

CONS

Receivables are growing faster than sales - a possible quality concern
Promoter holding has decreased over last 2 years: -7.1pp
Stock is trading at 46.0x its book value
Working capital days have increased from 135 to 196 days
Debtor days have increased from 3 to 35
Though reporting repeated profits, the company pays out little dividend (8.6%)

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Information TechnologyITIT - Software

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	TCS	2202.00	16.00	796702.87	5.00	13420.00	4.69	72275.00	13.93	66.25	25.67
2.	INFY	1038.20	13.91	421325.69	4.62	7775.00	12.29	48211.00	14.03	42.84	23.66
3.	HCLTECH	1207.00	18.80	327539.38	4.47	4626.00	20.34	34579.00	13.94	31.20	19.87
4.	WIPRO	167.50	12.55	165902.38	6.57	3356.30	0.59	24478.60	10.59	18.49	18.93
5.	TECHM	1539.50	29.38	150891.59	3.31	1486.30	31.67	15711.90	17.68	23.04	17.43
6.	LTM	4301.15	24.39	127581.28	1.74	1468.60	17.06	11608.00	17.96	30.25	17.75
7.	OFSS	11760.00	30.01	102409.76	3.40	1415.50	120.52	3125.20	68.73	45.50	60.04
8.	PERSISTENT	5537.45	45.42	87353.27	0.72	483.04	13.67	4303.23	29.09	35.09	16.19
9.	COFORGE	1847.40	46.58	81835.77	0.86	531.70	49.19	5527.70	49.86	24.70	19.14
10.	MPHASIS	2294.10	22.92	43790.98	2.70	489.51	10.82	4384.05	17.46	23.31	18.15
11.	LTTS	3334.95	26.80	35379.24	1.74	357.10	12.97	2940.10	11.47	27.70	18.65
12.	NPST	1689.15	78.90	3524.16	0.00	11.05	53.60	56.48	68.00	73.72	24.52

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Dec 2022	Jun 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	10	24	31	44	59	67	21	26	34	47	53	62	56
	7	17	21	29	38	43	15	18	24	33	38	49	47
Operating Profit	3	8	10	15	21	24	7	9	10	14	14	13	10
OPM %	32.61%	30.64%	32.81%	33.71%	36.02%	35.22%	30.98%	33.21%	29.24%	29.22%	26.97%	20.94%	16.91%
	0	0	1	1	1	2	2	2	1	2	5	6	5
Interest	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	1	2	2	3	1	2	2	2	1	2	3	3	4
Profit before Tax	2	6	9	13	21	24	7	8	10	13	16	16	14
Tax %	23.66%	16.91%	25.46%	23.53%	25.79%	24.35%	24.52%	36.88%	25.54%	27.06%	27.77%	23.16%	23.74%
Net Profit	0	0	0	0	16	0	5	6	7	10	12	12	11
	2.80	7.98	3.37	5.18	8.09	9.38	2.51	2.69	3.71	5.00	5.92	6.17	5.26

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
	18	15	15	19	41	128	173	218
	15	13	12	16	29	85	113	167
Operating Profit	3	2	3	3	12	43	60	50
OPM %	16.59%	14.67%	19.22%	18.16%	29.48%	33.47%	34.74%	23.13%
	0	0	0	0	0	3	7	18
Interest	0	0	0	0	0	0	0	1
Depreciation	1	1	2	2	4	10	7	12
Profit before Tax	2	1	1	2	9	36	60	60
Tax %	27.90%	26.62%	25.17%	24.47%	25.35%	24.40%	25.10%	25.41%
Net Profit	1	1	1	1	7	27	45	45
EPS	13.48	10.41	2.40	2.56	10.10	13.87	23.31	—
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	8.58%	—

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: 63%
3 Years:: 108%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: 113%
3 Years:: 211%

STOCK PRICE CAGR

10 Years:: —
5 Years:: 133%
3 Years:: 59%
1 Year:: -20%

RETURN ON EQUITY

10 Years:: —
5 Years:: 35%
3 Years:: 49%
Last Year:: 58%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	1	1	4	6	6	19	19
Minority Interest	0	0	0	0	0	1	1
	4	5	2	16	22	36	81
	0	0	0	0	0	1	7
Trade Payables	1	1	5	4	1	4	16
	3	3	4	4	9	17	19
Total Liabilities	9	10	16	30	39	78	144
	1	3	3	4	9	9	13
Capital Work in Progress	0	0	0	0	0	0	1
	1	0	1	3	3	1	0
	0	0	0	0	0	1	32
Cash & Bank	0	0	0	1	19	62	94
	6	6	13	22	7	5	4
Total Assets	9	10	16	30	39	78	144

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	2	3	3	-7	26	51	29
Cash from Investing	-2	-3	-3	-5	-6	-33	8
Cash from Financing	-0	-0	0	13	0	-0	7
	-1	0	0	1	18	18	44

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025

Shareholding Pattern

Numbers in percentages

	Sep 2023	Mar 2024	Sep 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	67.55	67.55	67.55	67.54	67.56	60.29	60.27	60.52	60.48
	0.02	0.19	0.06	0.03	0.03	0.11	0.15	0.12	0.08
	5.82	0.00	0.05	0.29	0.58	9.96	9.95	10.02	10.02
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	26.61	32.26	32.34	32.15	31.84	29.65	29.64	29.33	29.42

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-10

Press Release

2026-09-10 - Network People Services Technologies Limited has informed the Exchange regarding a press release dated September 10, 2026, titled "NPST Wins Best Digital Banking Platform At Global Fintech Awards 2026".

2026-09-07

Copy of Newspaper Publication

2026-09-07 - Network People Services Technologies Limited has informed the Exchange about Copy of Newspaper Publication

2026-09-05

General Updates

2026-09-05 - Network People Services Technologies Limited has informed the Exchange about Confirmation of Dispatch of Notice to the shareholders of the Company

2026-09-05

Copy of Newspaper Publication

2026-09-05 - Network People Services Technologies Limited has informed the Exchange about Copy of Newspaper Publication

2026-09-04

Reply to Clarification- Financial results

2026-09-04 - The Exchange had sought clarification from Network People Services Technologies Limited for the quarter ended 30-Jun-2026 with respect to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. On basis of above the Company was required to clarify the following: The response of the Company is enclosed.

2026-09-04

Shareholders meeting

2026-09-04 - Network People Services Technologies Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 28, 2026

2026-09-01

Clarification - Financial Results

2026-09-01 - The Exchange has sought clarification from Network People Services Technologies Limited for the quarter ended 30-Jun-2026 with respect to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. On basis of above the Company is required to clarify the following: The response of the Company is awaited.

2026-08-31

Spurt in Volume

2026-08-31 - Significant increase in volume has been observed in Network People Services Technologies Limited. The Exchange, in order to ensure that investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, had written to the company. Network People Services Technologies Limited has submitted their response.

2026-08-29

Rumour Verification - Regulation 30(11)

2026-08-29 - Network People Services Technologies Limited has informed the Exchange about Rumour Verification - Regulation 30(11)

News

Recent coverage and analyst commentary for NPST

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Network People Services Technologies Ltd.

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Free 5nance Account

Name

TCS

2202.00

16.00

796702.87

5.00

13420.00

4.69

72275.00

13.93

66.25

25.67

INFY

1038.20

13.91

421325.69

4.62

7775.00

12.29

48211.00

14.03

42.84

23.66

HCLTECH

1207.00

18.80

327539.38

4.47

4626.00

20.34

34579.00

13.94

31.20

19.87

WIPRO

167.50

12.55

165902.38

6.57

3356.30

0.59

24478.60

10.59

18.49

18.93

TECHM

1539.50

29.38

150891.59

3.31

1486.30

31.67

15711.90

17.68

23.04

17.43

LTM

4301.15

24.39

127581.28

1.74

1468.60

17.06

11608.00

17.96

30.25

17.75

OFSS

11760.00

30.01

102409.76

3.40

1415.50

120.52

3125.20

68.73

45.50

60.04

PERSISTENT

5537.45

45.42

87353.27

0.72

483.04

13.67

4303.23

29.09

35.09

16.19

COFORGE

1847.40

46.58

81835.77

0.86

531.70

49.19

5527.70

49.86

24.70

19.14

MPHASIS

2294.10

22.92

43790.98

2.70

489.51

10.82

4384.05

17.46

23.31

18.15

LTTS

3334.95

26.80

35379.24

1.74

357.10

12.97

2940.10

11.47

27.70

18.65

NPST

1689.15

78.90

3524.16

0.00

11.05

53.60

56.48

68.00

73.72

24.52

Dec 2022

Jun 2023

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

Operating Profit

OPM %

32.61%

30.64%

32.81%

33.71%

36.02%

35.22%

30.98%

33.21%

29.24%

29.22%

26.97%

20.94%

16.91%

Interest

Depreciation

Profit before Tax

Tax %

23.66%

16.91%

25.46%

23.53%

25.79%

24.35%

24.52%

36.88%

25.54%

27.06%

27.77%

23.16%

23.74%

Net Profit

2.80

7.98

3.37

5.18

8.09

9.38

2.51

2.69

3.71

5.00

5.92

6.17

5.26

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

TTM

128

173

218

113

167

Operating Profit

OPM %

16.59%

14.67%

19.22%

18.16%

29.48%

33.47%

34.74%

23.13%

Interest

Depreciation

Profit before Tax

Tax %

27.90%

26.62%

25.17%

24.47%

25.35%

24.40%

25.10%

25.41%

Net Profit

EPS

13.48

10.41

2.40

2.56

10.10

13.87

23.31

—

Dividend Payout %

0.00%

8.58%

—

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Equity Capital

Minority Interest

Trade Payables

Total Liabilities

144

Capital Work in Progress

Cash & Bank

Total Assets

144

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

-7

Cash from Investing

-2

-3

-5

-6

-33

Cash from Financing

-0

-1

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Sep 2023

Mar 2024

Sep 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

67.55

67.54

67.56

60.29

60.27

60.52

60.48

0.02

0.19

0.06

0.03

0.11

0.15

0.12

0.08

5.82

0.00

0.05

0.29

0.58

9.96

9.95

10.02

Government

0.00

26.61

32.26

32.34

32.15

31.84

29.65

29.64

29.33

29.42

Network People Services Technologies Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

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Network People Services Technologies Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI