NETWEB

Netweb Technologies India share price & financials

Price
₹4,244.3
Market cap
₹30.7k Cr
Sector
Information Technology
Calls analysed
6
Latest concall · Q1 FY27 · call held 29 Jul 2026

Netweb Technologies India Limited Q1 FY27

Revenue from Operations 8,197 million +172%Operating EBITDA 1,205 million +169%Operating EBITDA Margin 14.7% Profit After Tax 853 million +180%

What went well

  • Record quarterly revenue from operations of ₹8,197 million, reflecting a strong year-on-year growth of 172.1%.
  • Profit after tax stood at ₹853 million, representing a 179.9% year-on-year growth with a PAT margin of 10.3%.
  • The AI segment continues to be a key growth driver, contributing ₹5,105.70 million (62% of revenue) and growing at 484% year-on-year.

What to watch

  • Inventory days increased from 86 days in March to 110 days in June, primarily due to a buildup of raw material stock.
  • Management acknowledged the need for capital for growth, indicating potential future debt or equity raises, though no specific plans were firmed out.
Read the full call →

What Netweb Technologies India Limited does

Netweb Technologies designs, manufactures and deploys High-end Computing Solutions (HCS) — supercomputing/HPC clusters, Gen-AI GPU systems, private cloud and hyperconverged infrastructure, data-centre servers and enterprise storage — under OEM technology partnerships with Nvidia, AMD, Intel and Samsung. It is one of a few OEMs manufacturing this IT hardware domestically at scale in India under the 'Make in India' programme, serving government, PSU, defence, academic/research and large-enterprise customers. Its systems have been deployed at national institutions such as ISRO and C-DAC and have repeatedly featured in the world's Top500 supercomputer rankings.

Segments

  • High Performance Computing (HPC)
  • AI Systems
  • Private Cloud & HCI
Supercomputing systems installed
600+
Accelerator/GPU-based AI systems deployed
7,000+
Private cloud & HCI installations
60+
Supercomputers ranked in world's Top500 list
3 systems, listed 15 times
Manufacturing facility
Faridabad, Haryana (Delhi NCR), including a dedicated 15,000 sq ft plant for manufacturing and testing dense GPU AI systems
Offices/sites across India
18
Founded 1999Headquarters Faridabad, Haryana, IndiaEmployees 441 (FY2025 (Mar-2025)) Company website

Guidance record · Q1 FY27

what the last two calls moved 14 tracked 4 delivered 1 missed 9 open
  • Export Revenue Share went quiet said Q4 FY25 Promised: maintain 5-7% contribution in the future. Q1 FY27: No update provided on export revenue share.
  • Revenue Growth CAGR (Organic) on track said Q4 FY25 Promised: 35% to 40% CAGR in top line growth over the next couple of years. Q1 FY27: Management stopped segregating 'strategic' orders, merging them into normal business. Overall revenue growth of 172.1% YoY massively outpaces the organic guidance, keeping the promise on track despite the change in reporting.
  • Operating EBITDA Margin delivered said Q4 FY25 Promised: 13% to 14% for upcoming fiscal year (FY26). Q4 FY26: Full year FY26 EBITDA margin was 13.05% (₹284.8cr / ₹2183.6cr), falling within the guided 13-14% range.

All 14 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue up 172.4%, net profit up 183.3% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue251 334 415 301 304 +21%805 +141%774 +87%820 +172%
EBITDA36 43 59 45 45 +25%98 +128%97 +64%121 +169%
Net profit26 30 43 30 31 +19%73 +143%71 +65%85 +183%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance +60.6% 1Y

₹3.0k₹4.0k₹5.0kSept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Q3 FY26 — 19 Jan 2026Q4 FY26 — 4 May 2026Q1 FY27 — 29 Jul 2026

1Y: ₹3,130.2 on 10 Sept 2025 → ₹5,027. High ₹5,601 (21 Aug 2026), low ₹2,842.3 (16 Sept 2025).

How the price took the results

close before → close after

Q1 FY27
−0.7%
29 Jul
Q4 FY26
−3.4%
4 May
Q3 FY26
+1.7%
19 Jan

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Financials, as filed

Revenue grew 69.9% a year over 3 years, FY23 to FY26. Operating margin narrowed to 13.0%.

Year endingFY23FY24FY25FY26
Revenue₹445 Cr₹724 Cr₹1.1k Cr₹2.2k Cr
Operating profit₹68 Cr₹102 Cr₹158 Cr₹285 Cr
Operating margin15.3%14.1%13.8%13.0%
Interest₹4 Cr₹7 Cr₹4 Cr₹13 Cr
Depreciation₹4 Cr₹6 Cr₹11 Cr₹14 Cr
Net profit₹48 Cr₹76 Cr₹114 Cr₹205 Cr
Net margin10.8%10.5%9.9%9.4%
ROCE64.0%38.0%32.0%37.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹6 Cr₹6 Cr₹10 Cr₹11 Cr₹11 Cr₹11 Cr
Reserves₹16 Cr₹39 Cr₹83 Cr₹411 Cr₹567 Cr₹712 Cr
Borrowings₹31 Cr₹34 Cr₹36 Cr₹10 Cr₹18 Cr₹282 Cr
Other liabilities₹58 Cr₹70 Cr₹137 Cr₹180 Cr₹463 Cr₹1.2k Cr
Total liabilities₹110 Cr₹149 Cr₹266 Cr₹612 Cr₹1.1k Cr₹2.3k Cr
Fixed assets₹7 Cr₹10 Cr₹23 Cr₹44 Cr₹50 Cr₹58 Cr
Capital work in progress₹0 Cr₹1 Cr₹2 Cr₹1 Cr₹8 Cr₹2 Cr
Investments₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Other assets₹104 Cr₹138 Cr₹241 Cr₹568 Cr₹1.0k Cr₹2.2k Cr
Total assets₹110 Cr₹149 Cr₹266 Cr₹612 Cr₹1.1k Cr₹2.3k Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, promoters trimmed −4.05 pp while the public added +2.64 pp. The shareholder count grew 36% to 2,46,932.

Promoters
67.0%
FIIs
9.3%
DIIs
5.9%
Public
17.8%

Since Jun 2025

  • Promoters −4.05 pp
  • Public +2.64 pp
  • DIIs +1.68 pp

How it drifted, 12 quarters

Over this window the public went from 6.8% to 17.8% — +11.1 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 75.5%, FIIs 10.3%, DIIs 7.5%, Public 6.8%.Dec '23: Promoters 75.5%, FIIs 9.7%, DIIs 8.1%, Public 6.8%.Mar '24: Promoters 75.0%, FIIs 10.2%, DIIs 6.9%, Public 7.8%.Jun '24: Promoters 75.0%, FIIs 10.2%, DIIs 4.3%, Public 10.4%.Sep '24: Promoters 71.4%, FIIs 12.1%, DIIs 5.6%, Public 10.9%.Dec '24: Promoters 71.4%, FIIs 11.1%, DIIs 5.2%, Public 12.3%.Mar '25: Promoters 71.0%, FIIs 10.7%, DIIs 5.3%, Public 13.0%.Jun '25: Promoters 71.0%, FIIs 9.5%, DIIs 4.2%, Public 15.2%.Sep '25: Promoters 71.0%, FIIs 10.8%, DIIs 3.6%, Public 14.6%.Dec '25: Promoters 71.0%, FIIs 9.6%, DIIs 3.3%, Public 16.1%.Mar '26: Promoters 67.0%, FIIs 9.3%, DIIs 4.7%, Public 19.0%.Jun '26: Promoters 67.0%, FIIs 9.3%, DIIs 5.9%, Public 17.8%.

Who was buying across the market this quarter →

Who bought this quarter

since Mar 2026

Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.

The same filing shows 0 holders trimming and 1 off the list — both are in the register beside this.

Who is on the register

Named in the Jun 2026 filing

Every holder of Netweb Technologies India Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Sanjay Lodha 26.58%unchanged
Navin Lodha 13.39%unchanged
Niraj Lodha 13.39%unchanged
Vivek Lodha 13.39%unchanged
ICICI Prudential Balanced Advantage Fund Mutual fund3.15%+0.06 pp
The Regents Of The University Of California - IIFL Asset Management Limited Endowment1.47%unchanged
HSBC Mutual Fund - HSBC Midcap Fund Mutual fund1.23%newly disclosed
Nand Kishore Bajoria 0.08%unchanged
Sajjan Kumar Khaitan 0.08%unchanged
Pramod Kumar Sikaria 0.08%unchanged
Raghav Lodha 0.00%unchanged
Pushpa Devi Gadia 0.00%unchanged

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

Mutual funds in NETWEB

Filings to Aug 2026

0 new, 5 added, 1 trimmed, 0 sold out — net +0.01 L shares (+1.2%).

Held by funds
₹32 Cr
6 schemes
Biggest holder
Nippon India Nifty Smallcap 250 Index Fund
₹16 Cr · 0.4% of that fund
SchemeHoldingLast month
Nippon India Nifty Smallcap 250 Index Fund Nippon India Mutual Fund₹16 Cr+0.00 L
SBI Nifty Smallcap 250 Index Fund SBI Mutual Fund₹8 Cr+0.00 L
Nippon India Nifty 500 Momentum 50 Index Fund Nippon India Mutual Fund₹7 Cr+0.00 L
Nippon India Nifty 500 Equal Weight Index Fund Nippon India Mutual Fund₹1 Cr+0.00 L
SBI Nifty 500 Index Fund SBI Mutual Fund₹0 Cr−0.00 L
SBI Nifty Small Cap 250 ETF SBI Mutual Fund₹0 Cr+0.00 L

HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.

Mutual funds Aug 2026

5 added, 1 trimmed — net +732 shares (+1.2%)

Funds are sitting on
+31%
vs est. average cost
Held by funds
₹32 Cr
6 schemes · ≈ 0.09% of the company
Biggest holder
Nippon India Nifty Smallcap 250 Index Fund
₹16 Cr · 0.4% of that fund

Shares held by these funds −89%

Aug '23 60,952 shares Jul '26

What the price assumes

Attractive

To justify its price of ₹5027, this stock must grow earnings at 48% every year for 7 years. Our analysis caps realistic growth at ~59%. At that growth it is worth ₹7988 — upside of 59%.

Growth the price implies
48.0% a year
for 7 years, fading to 4%
It has actually compounded at
58.7% a year
net profit, FY23–FY26
The gap
-0.1 pp
59% downside if it only repeats history
Price today ₹5,027 Value at the reference growth ₹7,987.74

Change the assumptions yourself →

All earnings calls (5)

Read the Q1 FY27 call →

Learn to analyse Netweb Technologies India Limited

Guides on how to read this kind of business and the numbers that matter.