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E2E Networks

E2E NSE
₹519.35 No trade today
P/E
91.11
View as Markdown
MCP
Close 4 Nov 2026 ₹519.35 +214.56 +70.4% 1Y
Start ₹304.79

Key Fundamentals

MicrocapIT - ServicesInformation Technology

Price-based figures as of · EPS basis: Standalone · TTM

ROCE
−0.51%
Debt to Equity
0.28
EPS (TTM)
₹5.70
Book Value
₹87.76
Market Cap
—
P/E (TTM)
91.11
P/B
5.92
ROE
−0.95%
Dividend Yield
0.00%
EBITDA
₹160 Cr
52W High
₹765.00
52W Low
₹183.36
Volume
0

Peer Comparison

Information Technology › IT Enabled Services

E2E Networks peer comparison
L&T Technology Services
₹4,133.5033.20₹45,364 Cr6.190.47%21.50%26.70%₹11,565 Cr₹1,322 Cr
Inventurus Knowledge Solutions
₹1,750.4039.33₹29,871 Cr10.730.00%31.40%31.50%₹3,347 Cr₹764 Cr
Tata Technologies
₹652.4547.55₹26,704 Cr6.911.81%16.30%20.90%₹5,926 Cr₹558 Cr
Netweb Technologies
₹4,062.3088.56₹24,520 Cr11.480.07%32.80%37.50%₹2,702 Cr₹260 Cr
Affle 3i
₹1,623.9047.83₹22,921 Cr5.070.00%13.80%16.80%₹2,836 Cr₹478 Cr
Sagility
₹43.5920.56₹20,233 Cr1.990.35%10.60%13.40%₹7,617 Cr₹994 Cr
ESDS Software Solution
₹1,193.6091.82₹14,545 Cr10.890.00%24.90%30.20%₹537 Cr₹134 Cr
E2E Networks (this company)
₹519.3591.11₹10,038 Cr5.920.00%−0.95%−0.51%₹546 Cr₹117 Cr
Median 8 companies₹1,408.7547.69₹23,720 Cr6.550.04%18.90%23.80%₹3,092 Cr₹518 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

53 Average

Data confidence 100/100

Category scores

Quality
42
Weak
Returns, margins, earnings quality 22% weight
Valuation
21
Poor
Cheap vs sector & own history 24% weight
Growth
99
Strong
Sales & profit trajectory 9% weight
Financial Health
60
Good
Solvency, leverage, coverage 9% weight
Momentum
96
Strong
Trend strength, vol-adjusted 12% weight
Ownership
58
Good
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

2
  • Company is expected to give good quarter
  • Company's median sales growth is 38.8% of last 10 years

Weaknesses

4
  • Stock is trading at 6.79 times its book value
  • Company has a low return on equity of 2.12% over last 3 years.
  • Company might be capitalizing the interest cost
  • Promoter holding has decreased over last 3 years: -20.3%

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bearish1036
OscillatorsBullish234
Moving AveragesStrong Bearish802

Key readings

RSI (14)
35.35
Neutral
MACD (12,26,9)
−37.79
Bearish
SMA (50)
622.10
Bearish
SMA (200)
414.96
Bullish

As of

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Sep 2026 against Sep 2025.

Revenue

Revenue growth by window
10Y+27.90%
5Y+47.70%
3Y+55.05%
1Y+50.00%
TTM+252.90%

Net profit

Net profit growth by window
10YTurned to loss
5YLoss widened by ₹15 Cr
3YTurned to loss
1YTurned to loss
TTMTiny base

Operating cash flow

Operating cash flow growth by window
10Y+25.10%
5Y+56.49%
3Y+50.21%
1Y+38.64%
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y−10.68 pp
5Y+22.65 pp
3Y+1.22 pp
1Y−7.93 pp
TTM+27.52 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹29.00 Cr
Mar 2018₹36.00 Cr
Mar 2019₹34.00 Cr
Mar 2020₹25.00 Cr
Mar 2021₹35.00 Cr
Mar 2022₹52.00 Cr
Mar 2023₹66.00 Cr
Mar 2024₹94.00 Cr
Mar 2025₹164 Cr
Mar 2026₹246 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹4.00 Cr
Mar 2018₹6.00 Cr
Mar 2019₹2.00 Cr
Mar 2020−₹9.00 Cr
Mar 2021−₹1.00 Cr
Mar 2022₹6.00 Cr
Mar 2023₹10.00 Cr
Mar 2024₹22.00 Cr
Mar 2025₹47.00 Cr
Mar 2026−₹16.00 Cr

AI Analysis — Bull vs Bear

Figures as of 16 Oct 2026
AI opinion · based on fundamentals
Risk high

As of the 2026-10-16 close, E2E Networks Ltd traded at ₹694.85, which gives it a market capitalisation of ₹14,283.68 crore. That price is about 9% below its 52-week high of ₹765 and roughly 3.8 times its 52-week low of ₹183.36. TTM sales grew 131% and the company is almost debt free (debt-to-equity 0.09). However, TTM profit fell 10%, last-year ROE was -0.92%, and the stock trades at a P/E of 466.34 and a P/B of 9.51.

Bull Case 7
  • Revenue is growing fast. TTM compounded sales growth is 131%, ahead of the 3-year sales CAGR of 55% and the 5-year CAGR of 47%, so growth has sped up recently.
  • Growth has lasted a long time. Median sales growth over the last 10 years is 38.8%, and the 10-year sales CAGR is 28%.
  • The balance sheet carries very little debt. Debt-to-equity is 0.09, which limits financial risk and leaves room to borrow for capacity expansion if needed.
  • Shareholder returns have been strong. Stock CAGR is 106% over 1 year, 147% over 3 years and 172% over 5 years.
  • Price momentum is strong. At ₹694.85 on 2026-10-16, the stock was about 279% above its 52-week low of ₹183.36 and within about 9% of its 52-week high of ₹765.
  • The company is still profitable at the EPS level despite heavy growth. TTM EPS is positive at ₹1.49.
  • The company is expected to report a good quarter. If that happens, the gap between 131% TTM sales growth and -10% TTM profit growth could start to close.
Bear Case 8
  • The valuation is extreme compared with earnings. As of 2026-10-16, the TTM P/E was 466.34 on EPS of ₹1.49, so the price assumes earnings will grow a lot for a long time.
  • Profit is shrinking while sales grow. TTM compounded profit growth is -10% against 131% TTM sales growth, which points to pressure on margins or costs such as depreciation and interest.
  • Returns on capital are negative. Last-year ROE is -0.92% and ROCE is -0.49%, so recent capital deployment has not yet produced returns.
  • Returns on equity have been low for years. ROE averaged about 2% over 3 years (2.12%), 3% over 5 years and 3% over 10 years.
  • The stock trades at a high premium to book value. P/B was 9.51 as of 2026-10-16, which is hard to justify alongside ROE of -0.92%.
  • Promoter holding has fallen 20.3% over the last 3 years, which reduces promoter ownership in the company.
  • The stock is very volatile. Its 52-week range runs from ₹183.36 to ₹765, a high-to-low spread of more than 4x, which means sharp drawdowns are possible.
  • The stock pays nothing to shareholders. Dividend yield is 0%, so returns depend entirely on price appreciation.

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

17d ago

TL;DR: E2E Networks is growing very fast on AI cloud demand: Q2FY27 revenue rose 411% YoY to ₹2,238 Mn with a 76.6% EBITDA margin, backed by a ₹1,000 Cr sovereign AI term sheet and a stronger sales leadership team. The main risks are possible equity dilution or more leverage under the newly approved fundraise and borrowing powers, the sustainability of such high margins, and dependence on large concentrated contracts. A minor disclosure fine is a small governance blemish. The trend is improving, and the next things to watch are conversion of the term sheet into a definitive contract and the size and pricing of any capital raise.

Headwinds 2
  • Equity dilution risk from fundraise Sep 28

    At the 17th AGM on September 28, 2026, shareholders approved raising funds through QIP, rights issue or FPO, and also approved higher borrowing powers. The capital can fund AI infrastructure growth, but new equity could dilute existing shareholders and more borrowing would add leverage.

  • Disclosure lapse draws exchange fine Oct 16

    E2E Networks paid ₹10,000 to NSE and BSE for not giving prior intimation of its August 31 board meeting. The amount is small, but it points to a governance lapse. The company says it has strengthened internal monitoring.

Positives 4
  • Q2FY27 revenue up 411% YoY Oct 17

    Q2FY27 revenue rose 411% YoY to ₹2,238 Mn, EBITDA margin expanded to 76.6%, and PAT came in at ₹727 Mn. Results were discussed on the October 16, 2026 earnings call.

  • ₹1,000 Cr sovereign AI term sheet Oct 17

    E2E signed a binding term sheet worth ₹1,000 Cr with an Indian sovereign AI company, which adds significant revenue visibility. It is a term sheet, not yet a definitive contract, so the final terms still need to be executed.

  • Ex-IBM AI leader named CRO Sep 24

    Anand Ganapathy became Chief Revenue Officer effective September 24, 2026. He brings over 27 years at IBM, Dell Technologies and VMware, and previously led IBM India's Enterprise AI and Hybrid Cloud business.

Neutral 2
  • L&T nominee replaces resigning director Oct 12

    Shrimati Ambastha resigned as Non-Executive Non-Independent Director on October 12, 2026, and Larsen & Toubro nominated Krishnan Mahesh to replace her. This keeps L&T's board representation unchanged.

  • Q2FY27 earnings call scheduled Oct 12

    E2E announced its Q2FY27 earnings call for October 16, 2026, at 4:00 pm IST to discuss results for the quarter ended September 30, 2026.

Quarterly Results

₹ Cr
E2E quarterly results, ₹ crore
Particulars Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales
22
24
29
41
48
42
33
36
44
70
96
157
224
Expenses
10
13
14
14
16
17
20
26
26
30
38
39
52
Operating Profit
11
11
15
27
31
25
13
11
18
40
58
118
171
OPM %
52%
47%
52%
66%
66%
59%
40%
29%
41%
57%
61%
75%
77%
Other Income
0
1
0
0
1
13
25
15
8
5
5
11
10
Interest
0
1
2
3
4
4
2
2
2
5
4
10
10
Depreciation
3
4
8
11
13
18
19
27
43
48
51
61
74
PBT
9
7
6
14
16
16
18
−4
−18
−8
9
59
97
Tax %
33%
25%
37%
25%
25%
25%
23%
−24%
−27%
−24%
25%
25%
25%
Net Profit
6
6
4
10
12
12
14
−3
−13
−6
6
44
73
EPS (₹)
0.4
0.39
0.24
0.7
0.72
0.58
0.68
−0.14
−0.67
−0.28
0.31
2.13
3.54

Profit & Loss

₹ Cr
E2E profit and loss, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
10
21
29
36
34
25
35
52
66
94
164
246
546
Expenses
5
8
13
18
23
26
25
29
33
47
67
119
159
Operating Profit
5
13
17
18
11
−1
10
23
33
48
97
126
387
OPM %
47%
61%
57%
50%
32%
−4.8%
29%
44%
50%
51%
59%
51%
71%
Other Income
0
0
0
0
0
2
1
0
1
2
39
34
32
Interest
0
1
1
0
0
0
0
0
0
4
13
12
29
Depreciation
3
9
10
10
9
10
12
18
20
16
60
169
234
PBT
1
3
6
8
2
−9
−1
5
13
30
63
−21
157
Tax %
34%
33%
31%
29%
29%
0%
0%
−22%
25%
28%
24%
−27%
—
Net Profit
1
2
4
6
2
−9
−1
6
10
22
47
−16
117
EPS (₹)
0.1
0.27
0.53
0.5
0.12
−0.65
−0.09
0.45
0.68
1.51
2.38
−0.76
5.7
Div. Payout %
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
—

Balance Sheet

₹ Cr
E2E balance sheet, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026
Equity Capital
0.27
0.27
0.27
12
14
14
14
14
14
14
20
21
21
Reserves
4
6
11
6
19
10
13
24
35
56
1,573
1,664
1,784
Borrowings
2
5
2
0
0
0
4
2
6
144
73
159
497
Other Liabilities
1
2
4
4
4
4
5
7
13
40
915
484
339
Total Liabilities
8
13
18
21
38
28
37
48
68
255
2,581
2,328
2,641
Fixed Assets
7
11
11
10
11
10
26
37
42
210
389
1,036
1,545
CWIP
0
0
0
0
0
0
0
0
0
0
636
533
0
Investments
0
0
0
4
18
0
0
0
0
0
0
0
0
Other Assets
1
3
7
7
9
19
10
11
26
45
1,555
759
1,096
Total Assets
8
13
18
21
38
28
37
48
68
255
2,581
2,328
2,641

Cash Flow

₹ Cr
E2E cash flow, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
5
13
14
14
10
−2
13
26
36
43
88
122
Investing
−8
−13
−10
−12
−24
11
−19
−19
−21
−144
−983
−429
Financing
4
0
−2
−2
15
0
2
−2
−2
92
1,350
165
Net Cash Flow
0
0
2
0
1
9
−4
5
12
−9
456
−142
Free Cash Flow
−4
0
3
6
0
−11
−11
5
17
−103
−37
−1,140
CFO/EBITDA
104
107
95
97
115
105
115
113
113
94
94
97

Ratios

E2E financial ratios, annual
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
2
19
19
28
9
10
4
1
3
10
22
25
Inventory Days
0
0
0
0
0
0
0
0
0
0
0
0
Cash Conversion Cycle
2
19
19
28
9
10
4
1
3
10
22
25
Working Capital Days
−27
−39
3
4
6
30
−54
−31
−54
−107
−1,607
−391
ROCE %
—
44%
54%
54%
9%
−37%
−5%
15%
29%
25%
8%
−1%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view E2E Networks insights

63 extracted metrics across FY15–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 39.40%
  • Public 30.15%
  • Others 22.28%
  • DIIs 5.64%
  • FIIs 2.53%

No promoter shares pledged as of Sep 2026

Change vs previous quarter

Not shown for some quarters: FIIs and Others. Not available separately for this quarter: the holding is recorded inside Others, so both are left blank rather than shown at a wrong split.

Documents

Frequently Asked Questions about E2E Networks

What does E2E Networks Ltd do?
E2E Networks is an Nse-listed AI-focused hyper scale cloud platform, offering advanced cloud GPUs and a comprehensive ecosystem of cloud technologies designed for the development and deployment of AI/ML applications.
Where is E2E Networks Ltd (E2E) listed?
E2E Networks Ltd trades as E2E on the NSE and under code 544783 on the BSE.
Which sector does E2E Networks Ltd belong to?
E2E Networks Ltd is classified under the Information Technology sector, in the IT Enabled Services industry.
What is the PE ratio of E2E Networks Ltd?
E2E Networks Ltd trades at a PE ratio of 91.11 as of 4 Nov 2026, on earnings per share of ₹5.7, against a book value of ₹87.76 per share.
What is the 52-week high and low of E2E Networks Ltd?
Over the last 52 weeks E2E Networks Ltd has traded between ₹183.36 and ₹765 as of 4 Nov 2026.
What is the Return on Equity (ROE) of E2E Networks Ltd?
E2E Networks Ltd reported a return on equity of -0.95%. Its debt-to-equity ratio is 0.28.

Company Information

E2E Networks is an Nse-listed AI-focused hyper scale cloud platform, offering advanced cloud GPUs and a comprehensive ecosystem of cloud technologies designed for the development and deployment of AI/ML applications.

Website e2enetworks.com
CEO Mr. Tarun Dua
Employees 183
Listed 12 Apr 2022
Face Value ₹1

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