Network People Services Technologies Ltd
NSE: NPST BSE: 544396Banking
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]
₹1,012
52W: ₹847 — ₹2388
PE 60.7 · Book ₹200 · +406% vs bookMarket Cap₹2,109 Cr
Stock P/E60.7Price to Earnings
ROCE69.9%Return on Capital
ROE56.1%Return on Equity
Div. Yield0.2%Face Value ₹10
Strengths
- +Company is almost debt free.
- +Company is expected to give good quarter
- +Company has delivered good profit growth of 113% CAGR over last 5 years
- +Company has a good return on equity (ROE) track record: 3 Years ROE 52.8%
Weaknesses
- −Debtor days have increased from 26.0 to 67.1 days.
- −Promoter holding has decreased over last 3 years: -7.03%
Shareholding Pattern
Promoters60.52%
FIIs0.12%
DIIs10.02%
Public29.34%
| Category | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 67.55% | 67.55% | 67.55% | 67.54%▼0.0 | 67.56%▲0.0 | 60.29%▼7.3 | 60.27%▼0.0 | 60.52%▲0.3 |
| FIIs | 0.02% | 0.19%▲0.2 | 0.06%▼0.1 | 0.03%▼0.0 | 0.03% | 0.11%▲0.1 | 0.15%▲0.0 | 0.12%▼0.0 |
| DIIs | 5.82% | 0%▼5.8 | 0.05%▲0.1 | 0.29%▲0.2 | 0.58%▲0.3 | 9.96%▲9.4 | 9.95%▼0.0 | 10.02%▲0.1 |
| Public | 26.61% | 32.26%▲5.6 | 32.34%▲0.1 | 32.15%▼0.2 | 31.84%▼0.3 | 29.65%▼2.2 | 29.63%▼0.0 | 29.34%▼0.3 |
Financial Statements
| Metric | Jun 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 24 | 31 | 44 | 59 | 67 | 21 | 26 | 34 | 47 | 53 |
| Expenses | 17 | 21 | 29 | 38 | 44 | 15 | 18 | 24 | 33 | 38 |
| Operating Profit | 8 | 10 | 15 | 21 | 23 | 7 | 9 | 10 | 14 | 14 |
| OPM % | 31% | 33% | 34% | 36% | 35% | 31% | 33% | 29% | 29% | 27% |
| Net Profit | 5 | 7 | 10 | 16 | 18 | 5 | 6 | 7 | 10 | 12 |
| EPS ₹ | 2.65 | 3.37 | 5.18 | 8.08 | 9.37 | 2.64 | 3.1 | 3.7 | 4.76 | 5.57 |
AI Insights
Revenue Trend
TTM revenue at ₹159Cr, down 8.1% YoY. OPM at 29%.
Debt Position
Borrowings at ₹7Cr. Debt-to-equity ratio: 0.02x. Healthy balance sheet.
Institutional Flow
DIIs: 10.02% (+0.36pp change). FIIs: 0.12% (+0.12pp change). Promoters hold 60.52%.
Margin & Efficiency
ROCE improving from 0% (Mar 2018) to 70% (Mar 2025). Working capital days: -2.
Valuation
PE 60.7x with 69.9% ROCE. Price is 406% above book value of ₹200. Dividend yield: 0.2%.
Recent Announcements
- Announcement under Regulation 30 (LODR)-Press Release / Media Release 14 May - NPST won orders from three cooperative banks for its Bank-in-a-Box platform on May 14, 2026, creating recurring multi-year revenue.
- Announcement under Regulation 30 (LODR)-Monitoring Agency Report 14 May - CARE report on Rs.300 crore preferential issue: no deviation; Rs.22.14 crore utilized, Rs.277.86 crore unutilized.
- Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 29 Apr - NPST declares it is not a Large Corporate as of 31 March 2026; disclosure not applicable for FY27.
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 14 Apr - In accordance with regulation 74(5) of SEBI (DP) regulations, 2018, please find attached the certificate of compliance of dematerialisation of share within 30 days of …
- Announcement under Regulation 30 (LODR)-Press Release / Media Release 8 Apr - NPST wins public sector bank order for AI-powered merchant underwriting and risk management platform.
- Financial Year 2025 from bse
- Financial Year 2024 from nse
- Financial Year 2023 from nse