Network People Services Tech logo

Network People Services Tech

NPST NSE

Key Fundamentals

MicrocapIT Enabled ServicesInformation Technology
Market Cap
₹3,491 Cr
Volatility
Moderate
P/E Ratio
78.72
EBITDA
₹50.64 Cr
Return on Equity
43.27%
Debt to Equity
0.03
Book Value
₹211.12
52W High
₹2,199.8
52W Low
₹846.6

Tapetide Score

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

Key Insights

Strengths

4
  • Company is almost debt free.
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 107% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 28.5%

Weaknesses

4
  • Stock is trading at 7.98 times its book value
  • Company has high debtors of 195 days.
  • Promoter holding has decreased over last 3 years: -7.07%
  • Working capital days have increased from 31.3 days to 140 days

Growth Rate

Revenue Growth
7.92% lower than 3Y
Net Income Growth
-8.16% lower than 3Y
Cash Flow Change
-42.99% lower than 3Y
ROE
-5.98% lower than 3Y
ROCE
-6.06% lower than 3Y
EBITDA Margin (Avg.)
-35.36% lower than 3Y

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 69d ago
AI opinion · based on fundamentals
Risk high

Network People Services Technologies Ltd (NPST) is a financial services technology company with a market cap of ₹3,581 Cr trading at a PE of 89.1x. The company has delivered exceptional 5-year profit CAGR of 107% and remains nearly debt-free, but recent TTM profit growth has turned negative at -10% while working capital days have expanded significantly from 31 to 140 days.

Bull Case 8
  • Exceptional 5-year compounded profit growth of 107% CAGR demonstrates strong long-term earnings scalability in digital payments infrastructure
  • Company is almost debt-free, providing financial flexibility and low interest burden in a capital-intensive fintech environment
  • 3-year ROE of 28.5% and 5-year ROE of 28% indicate consistently high capital efficiency well above cost of equity
  • 5-year compounded sales CAGR of 66% reflects sustained revenue momentum driven by India's expanding digital payments ecosystem
  • 3-year stock CAGR of 85% shows significant long-term wealth creation despite recent correction
  • 3-year compounded profit CAGR of 84% confirms sustained earnings growth beyond just a single exceptional year
  • Company is expected to deliver a good upcoming quarter, suggesting near-term operational momentum remains intact
  • Dividend yield of 0.11% indicates the company has initiated shareholder returns while retaining capital for growth
Bear Case 8
  • PE ratio of 89.1x is extremely elevated, leaving little margin of safety if growth decelerates further from the TTM -10% profit decline
  • Working capital days have surged from 31.3 to 140 days, indicating severe deterioration in cash conversion efficiency and potential collection issues
  • Debtor days at 195 days is alarmingly high, suggesting delayed receivables and potential credit risk from customers
  • TTM profit growth has turned negative at -10%, a sharp reversal from the 84% three-year CAGR, raising questions about growth sustainability
  • Promoter holding has decreased by 7.03% over the last three years, which may signal reduced insider confidence
  • Price-to-book ratio of 8.26x is steep for a financial services company, pricing in substantial future growth that must materialize
  • Last year ROE dropped to 15% from the 3-year average of 29%, indicating declining return on capital efficiency
  • Stock has declined 15% over the past one year, underperforming broader markets and reflecting weakening investor sentiment

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

AI News Digest

Anthropic anthropic claude-opus-4.6 69d ago
Positives 1
  • UPI TPAP order from Maharatna PSU Jun 22

    NPST secured an order from a Maharatna PSU to develop a UPI TPAP application. The project operates on a SaaS model, generating recurring revenue.

Neutral 2
  • Independent Director appointed Jun 30

    Shareholders approved appointment of Vijay Kumar Singh as Independent Director with 99.99% votes in favour.

  • Investor meet on June 29 Jun 22

    NPST scheduled a virtual investor meet on June 29, 2026 to discuss business and growth strategy.

TL;DR: NPST is building momentum in the UPI payments ecosystem with a new recurring-revenue SaaS order from a Maharatna PSU, signaling strong business development in digital payments infrastructure. No headwinds are visible in recent news. Corporate governance actions appear routine. The trend is modestly positive with the SaaS-based PSU win pointing to stable future revenue streams.

Quarterly Results

Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
24
28
31
44
59
67
21
26
34
47
53
62
56
Expenses
17
19
21
29
38
44
15
18
24
33
38
49
43
Operating Profit
8
9
10
15
21
23
7
9
10
14
14
13
14
OPM %
31%
32%
33%
34%
35%
35%
31%
33%
29%
29%
27%
21%
25%
Other Income
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
2
2
2
3
1
1
2
2
1
2
3
3
4
PBT
6
7
9
13
21
24
7
8
10
13
16
16
14
Tax %
17%
32%
25%
24%
26%
24%
25%
37%
26%
27%
28%
23%
24%
Net Profit
5
5
7
10
16
18
5
5
7
10
12
12
11
EPS in Rs
2.66
2.58
3.37
5.18
8.06
9.36
2.65
2.69
3.71
4.72
5.53
5.87
5.3
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
18
18
15
15
19
41
128
173
195
218
Expenses
15
15
13
12
16
29
85
113
144
163
Operating Profit
2
3
2
3
3
12
43
60
51
55
OPM %
14%
17%
15%
19%
18%
30%
34%
35%
26%
25%
Other Income
0
0
0
0
0
0
3
7
14
18
Interest
0
0
0
0
0
0
0
0
1
1
Depreciation
1
1
1
2
2
4
10
7
9
12
PBT
2
2
1
1
2
9
36
60
55
60
Tax %
28%
28%
27%
25%
24%
25%
24%
25%
26%
—
Net Profit
1
1
1
1
2
7
27
45
41
45
EPS in Rs
4.17
4.5
3.47
0.8
0.77
3.36
13.87
23.31
19.58
21.42
Div. Payout %
0%
0%
0%
0%
0%
0%
0%
0%
10%
—
Figures in ₹ Crores

Balance Sheet

Particulars Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
1
1
1
4
6
6
19
19
21
Reserves
2
4
5
2
16
22
38
84
420
Borrowings
0
0
0
0
0
0
3
10
14
Other Liabilities
5
4
4
9
8
10
19
33
54
Total Liabilities
8
9
10
17
30
39
80
146
508
Fixed Assets
2
1
3
3
4
9
9
13
55
CWIP
1
2
3
4
6
4
0
1
0
Investments
0
0
0
0
0
0
0
0
1
Other Assets
6
5
4
10
20
26
70
132
452
Total Assets
8
9
10
17
30
39
80
146
508
Figures in ₹ Crores

Cash Flow

Particulars Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
2
1
3
2
-7
24
51
29
-45
Investing
-3
-2
-3
-3
-5
-6
-33
8
-42
Financing
0
0
0
0
13
0
0
7
296
Net Cash Flow
-1
-1
0
0
1
18
18
44
208
Free Cash Flow
-1
-1
0
0
-13
18
48
18
-93
CFO/OP
115
56
155
94
-199
216
139
74
-66
Figures in ₹ Crores

Ratios

Particulars Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
57
51
52
175
95
8
3
67
195
Inventory Days
—
—
—
—
—
—
—
—
4
Days Payable
—
—
—
—
—
—
—
—
153
Cash Conversion Cycle
57
51
52
175
95
8
3
67
46
Working Capital Days
-11
17
-6
-4
196
-31
-43
-3
140
ROCE %
—
48%
28%
23%
14%
35%
80%
69%
20%

Insights

Beta

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

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Shareholding Pattern

FIIs0.08%Promot.60.48%Others6.39%DIIs10.02%Public23.03%As ofJun 2026

Documents

Frequently Asked Questions about Network People Services Tech

What does Network People Services Technologies Ltd do?
Incorporated in 2013, Network People Services Technologies Ltd is a fintech firm which specializes in UPI payments and digital banking, and operates as both a TSP and a PPaaS[1]
Where is Network People Services Technologies Ltd (NPST) listed?
Network People Services Technologies Ltd trades as NPST on the NSE and under code 544396 on the BSE.
Which sector does Network People Services Technologies Ltd belong to?
Network People Services Technologies Ltd is classified under the Information Technology sector, in the IT Enabled Services industry.
What is the market capitalisation of Network People Services Technologies Ltd?
Network People Services Technologies Ltd has a market capitalisation of ₹3,491 Cr, which places it in the Small Cap band.
What is the PE ratio of Network People Services Technologies Ltd?
Network People Services Technologies Ltd trades at a PE ratio of 78.72, against a book value of ₹211.12 per share.
What is the 52-week high and low of Network People Services Technologies Ltd?
Over the last 52 weeks Network People Services Technologies Ltd has traded between ₹846.6 and ₹2,199.8.
Does Network People Services Technologies Ltd pay dividends?
Network People Services Technologies Ltd has a dividend yield of 0.12%.
What is the Return on Equity (ROE) of Network People Services Technologies Ltd?
Network People Services Technologies Ltd reported a return on equity of 43.27%. Its debt-to-equity ratio is 0.03.

Company Information

Incorporated in 2013, Network People Services Technologies Ltd is a fintech firm which specializes in UPI payments and digital banking, and operates as both a TSP and a PPaaS[1]

Website npstx.com
Listed 2025-04-30
Face Value ₹ 10
Issued Size 2,08,41,750

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