Designs and manufactures high-end computing systems in India, organised around three product pillars — AI systems, High Performance Computing (HPC) and Private Cloud — that together generated Q1 FY27 revenue of ₹819.7 cr (+172% YoY) at a 14.7% operating EBITDA margin. The AI segment made up 62% of Q1 FY27 revenue at ₹510.6 cr (+484% YoY), while HPC and Private Cloud contributed ₹125.3 cr and ₹135.3 cr respectively. The business is positioned under India's NSM 2.0 'build and design in India' framework and supplies sovereign AI compute infrastructure for the India AI Mission, defence and other domestic customers. Materials accounted for 78.6% of FY26 revenue, reflecting an OEM cost structure built on bought-out components such as GPUs and memory. Inventory days were deliberately raised to 110 to hedge component scarcity, and net debt stood at ₹200 cr in Q1 FY27. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. AI systems (62%), High Performance Computing (HPC), Private Cloud (Tyron). Hardware OEM assembling high-end compute systems with a hardware-dominant cost structure and inventory-led working capital.
| ₹ crore · consolidated | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | 724 | 1,149 | 2,184 |
| EBITDA (ex other income) | 103 | 160 | 285 |
| margin % | 14.2 | 13.9 | 13.0 |
| Owners' profit | 76 | 114 | 206 |
| EPS, as reported (₹) | 13.91 | 20.25 | 36.30 |
| ROE % · ROCE % | 18.0 · 25.0 | 21.6 · 29.3 | 28.5 · 39.3 |
| Debt / equity (x) | 0.00 | 0.00 | 0.38 |
| Cash from operations | 18 | (13) | 171 |
| Capex | (19) | (25) | (12) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 251 | 334 | 415 | 301 | 304 | 805 | 774 | 820 |
| Profit before tax | 34 | 41 | 58 | 42 | 42 | 98 | 95 | 114 |
| Net profit | 26 | 30 | 43 | 30 | 31 | 73 | 71 | 85 |
| EPS (₹) | 4.56 | 5.38 | 7.57 | 5.38 | 5.55 | 12.94 | 12.43 | 14.98 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| L&T TECHNOLOGY SER. LTD. | 35,510 | 26.9 | 5.47 | 16.3 | 19.7 | 21.1 | 15.1 | 19.6 |
| TATA TECHNOLOGIES LIMITED | 31,087 | 55.8 | 7.92 | 33.8 | 13.9 | 14.3 | — | 18.3 |
| INVENTURUS KNOWLEDGE SO L | 29,665 | 38.0 | 10.59 | 27.0 | 25.8 | 27.7 | — | 33.6 |
| NETWEB TECH INDIA LTD ◆ | 28,723 | 109.9 | 39.71 | — | 28.5 | 37.5 | — | 15.7 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 3 Sept 2026 · Netweb Tech allots 1,645 shares under ESOP 2023 | capital market events | low | — | — |
| 29 Aug 2026 · Newspaper publication of 27th AGM notice | compliance | minimal | — | — |
| 28 Aug 2026 · Netweb Tech files BRSR for FY26 with reasonable assurance | compliance | low | — | — |
| 28 Aug 2026 · Book Closure from Sept 12-19 for 27th AGM on Sept 19, 2026 | compliance | minimal | — | — |
| 28 Aug 2026 · Physical AGM notice sent to shareholders without registered emails | compliance | minimal | — | — |
| 28 Aug 2026 · FY26 Annual Report and 27th AGM Notice filed | board shareholder meetings | medium | — | — |
| 28 Aug 2026 · Netweb Tech 27th AGM on Sep 19, 2026; FY26 revenue up 90% to Rs 21,835.6 mn | board shareholder meetings | low | — | — |
| 25 Aug 2026 · Netweb raises 1,200 crore via QIP at 4,790 per share | compliance | low | — | — |
| 22 Aug 2026 · AGM notice published in newspapers per Reg 47 disclosure | compliance | minimal | — | — |
| 20 Aug 2026 · Netweb Tech raises Rs 1,200 crore via QIP at 1.96% discount to floor price | fund raising | high | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| AFFLE 3I LIMITED | 22,105 | 46.2 | 6.05 | 30.4 | 12.5 | 15.2 | 39.3 | 25.8 |
| SAGILITY LIMITED | 21,150 | 21.3 | 2.19 | 12.0 | 9.6 | 11.6 | — | 22.3 |
| BLACK BOX LIMITED | 14,299 | 61.3 | 11.11 | 28.4 | 16.9 | 9.5 | 6.2 | 8.4 |
| E2E NETWORKS LIMITED | 12,632 | 287.1 | — | — | — | — | — | 82.5 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 109.9 | 18.9 | 72 of 78 | 8% |
| P/B | 39.7 | 2.2 | 70 of 70 | 0% |
| ROCE | 37.5 | 9.7 | 5 of 87 | 95% |
| ROE | 28.5 | 9.4 | 5 of 72 | 94% |
| Debt / Equity | 0.4 | 0.0 | 68 of 72 | 6% |
| EBITDA margin | 15.7 | 13.0 | 29 of 69 | 59% |
| Revenue growth | 172.1 | 20.8 | 5 of 67 | 94% |
| Profit growth | 179.9 | 14.6 | 6 of 64 | 92% |
| Market cap | 28723 | 309 | 4 of 87 | 97% |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
