E2E Networks Ltd
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.[1]
- Market Cap ₹ 4,151 Cr.
- Current Price ₹ 2,063
- High / Low ₹ 4,405 / 1,710
- Stock P/E 466
- Book Value ₹ 783
- Dividend Yield 0.00 %
- ROCE 8.08 %
- ROE 5.71 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 44.7% CAGR over last 5 years
- Company's median sales growth is 36.9% of last 10 years
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 8.47% over last 3 years.
- Promoters have pledged or encumbered 60.4% of their holding.
- Earnings include an other income of Rs.61.5 Cr.
- Promoter holding has decreased over last 3 years: -19.4%
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
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Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2011 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | 10 | 21 | 29 | 36 | 34 | 25 | 35 | 52 | 66 | 94 | 164 | 155 | |
| 1 | 5 | 8 | 13 | 18 | 23 | 26 | 25 | 29 | 33 | 47 | 67 | 89 | |
| Operating Profit | -0 | 5 | 13 | 17 | 18 | 11 | -1 | 10 | 23 | 33 | 48 | 97 | 66 |
| OPM % | -2% | 47% | 61% | 57% | 50% | 32% | -5% | 29% | 44% | 50% | 51% | 59% | 43% |
| 0 | 0 | 0 | 0 | 0 | 0 | 2 | 1 | 0 | 1 | 2 | 39 | 62 | |
| Interest | 0 | 0 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 4 | 13 | 10 |
| Depreciation | 0 | 3 | 9 | 10 | 10 | 9 | 10 | 12 | 18 | 20 | 16 | 60 | 107 |
| Profit before tax | -0 | 1 | 3 | 6 | 8 | 2 | -9 | -1 | 5 | 13 | 30 | 63 | 11 |
| Tax % | 0% | 34% | 33% | 31% | 29% | 29% | 0% | 0% | -22% | 25% | 28% | 24% | |
| -0 | 1 | 2 | 4 | 6 | 2 | -9 | -1 | 6 | 10 | 22 | 47 | 9 | |
| EPS in Rs | -0.40 | 31.23 | 82.13 | 165.37 | 5.01 | 1.21 | -6.54 | -0.86 | 4.46 | 6.85 | 15.11 | 23.78 | 4.54 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 32% |
| 5 Years: | 46% |
| 3 Years: | 47% |
| TTM: | 9% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 50% |
| 5 Years: | 45% |
| 3 Years: | 95% |
| TTM: | -72% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 119% |
| 3 Years: | 120% |
| 1 Year: | -48% |
| Return on Equity | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | 8% |
| 3 Years: | 8% |
| Last Year: | 6% |
Balance Sheet
Figures in Rs. Crores
| Mar 2011 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.25 | 0.27 | 0.27 | 0.27 | 12 | 14 | 14 | 14 | 14 | 14 | 14 | 20 | 20 |
| Reserves | 0 | 4 | 6 | 11 | 6 | 19 | 10 | 13 | 24 | 35 | 56 | 1,573 | 1,555 |
| 0 | 2 | 5 | 2 | 0 | 0 | 0 | 4 | 2 | 6 | 144 | 73 | 160 | |
| 0 | 1 | 2 | 4 | 4 | 4 | 4 | 5 | 7 | 13 | 40 | 915 | 43 | |
| Total Liabilities | 1 | 8 | 13 | 18 | 21 | 38 | 28 | 37 | 48 | 68 | 255 | 2,581 | 1,779 |
| 0 | 7 | 11 | 11 | 10 | 11 | 10 | 26 | 37 | 42 | 210 | 389 | 1,011 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 636 | 0 |
| Investments | 0 | 0 | 0 | 0 | 4 | 18 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 0 | 1 | 3 | 7 | 7 | 9 | 19 | 10 | 11 | 26 | 45 | 1,555 | 767 | |
| Total Assets | 1 | 8 | 13 | 18 | 21 | 38 | 28 | 37 | 48 | 68 | 255 | 2,581 | 1,779 |
Cash Flows
Figures in Rs. Crores
| Mar 2011 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0 | 5 | 13 | 14 | 14 | 10 | -2 | 13 | 26 | 36 | 43 | 88 | |
| 0 | -8 | -13 | -10 | -12 | -24 | 11 | -19 | -19 | -21 | -144 | -983 | |
| 0 | 4 | 0 | -2 | -2 | 15 | 0 | 2 | -2 | -2 | 92 | 1,350 | |
| Net Cash Flow | 0 | 0 | 0 | 2 | 0 | 1 | 9 | -4 | 5 | 12 | -9 | 456 |
Ratios
Figures in Rs. Crores
| Mar 2011 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 91 | 2 | 19 | 19 | 28 | 9 | 10 | 4 | 1 | 3 | 10 | 22 |
| Inventory Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 91 | 2 | 19 | 19 | 28 | 9 | 10 | 4 | 1 | 3 | 10 | 22 |
| Working Capital Days | 0 | -27 | -39 | 3 | 4 | 6 | 30 | -54 | -31 | -54 | -107 | -1,607 |
| ROCE % | -5% | 44% | 54% | 54% | 9% | -37% | -5% | 15% | 29% | 25% | 8% |
Documents
Announcements
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ESOP/ESOS/ESPS
12 December 2025 - Allotment of 6,500 shares at Rs.51.30 on Dec 12, 2025; proceeds Rs.3,33,450.
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ESOP/ESOS/ESPS
12 December 2025 - Grant of 75,000 stock options at Rs.1,895.31 each under ESOP Scheme-2021 on Dec 12, 2025.
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Bagging/Receiving of orders/contracts
4 December 2025 - Rs.177 crore GPU allocation for GNANI AI under IndiaAI; execution started, expected live by mid-January 2026.
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Credit Rating
27 November 2025 - ICRA assigned [ICRA]A- (Stable) to E2E's Rs.1,000 crore bank facilities on Nov 27, 2025.
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Analysts/Institutional Investor Meet/Con. Call Updates
14 November 2025 - Q2FY26 transcript; Rs.88cr and Rs.177cr IndiaAI orders; 2,048 Blackwell GPUs procurement; Jarvis Labs asset acquisition.
Annual reports
Concalls
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Nov 2025Transcript PPT REC
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Jul 2025Transcript PPT REC
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May 2025Transcript PPT REC
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Apr 2025TranscriptAI SummaryPPT
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Jan 2025Transcript PPT
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Oct 2024Transcript PPT REC
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Oct 2024TranscriptAI SummaryPPTREC
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Jul 2024TranscriptPPT
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Jul 2024TranscriptPPTREC
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Jul 2024TranscriptAI SummaryPPT REC
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May 2024Transcript PPT
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Apr 2024TranscriptAI SummaryPPT
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Dec 2023TranscriptAI SummaryPPT
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Nov 2023Transcript PPT
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Sep 2023TranscriptAI SummaryPPT
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Aug 2023TranscriptPPT
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Aug 2023Transcript PPT
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Jun 2023TranscriptAI SummaryPPT
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May 2023TranscriptAI SummaryPPT
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Mar 2023TranscriptAI SummaryPPT
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Mar 2023TranscriptAI SummaryPPT
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Feb 2023TranscriptAI SummaryPPT
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Feb 2023TranscriptAI SummaryPPT
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Feb 2023TranscriptAI SummaryPPT
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Nov 2022TranscriptAI SummaryPPT
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Sep 2022TranscriptAI SummaryPPT
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Jul 2022TranscriptAI SummaryPPT
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Jun 2022TranscriptAI SummaryPPT
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Nov 2021TranscriptAI SummaryPPT
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May 2021TranscriptAI SummaryPPT
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Mar 2021TranscriptAI SummaryPPT
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Jan 2021TranscriptAI SummaryPPT
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Nov 2020TranscriptAI SummaryPPT
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Sep 2020TranscriptAI SummaryPPT
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Jul 2020TranscriptAI SummaryPPT
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May 2020TranscriptAI SummaryPPT
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Mar 2020TranscriptAI SummaryPPT
Business Profile[1]
E2E network provides a full-stack AI/ML and GenAI cloud ecosystem designed for scalable, accessible, and cost-efficient deployment of large-scale compute clusters. Its offerings include cutting-edge Cloud GPU infrastructure (H100, H200, A100, V100, etc.), the TIR AI/ML platform, AI Labs-as-a-Service, and Sovereign Cloud Platform solutions.