Network People Services Technologies Ltd
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]
- Market Cap ₹ 2,765 Cr.
- Current Price ₹ 1,326
- High / Low ₹ 2,640 / 1,287
- Stock P/E 97.9
- Book Value ₹ 200
- Dividend Yield 0.15 %
- ROCE 69.9 %
- ROE 56.1 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- 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%
Cons
- Promoter holding has decreased over last quarter: -7.27%
- Debtor days have increased from 26.0 to 67.1 days.
* 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
Information Technology Information Technology IT - Services IT Enabled Services
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| 17 | 18 | 15 | 15 | 19 | 41 | 128 | 173 | 128 | |
| 15 | 15 | 13 | 12 | 16 | 29 | 85 | 113 | 89 | |
| Operating Profit | 2 | 3 | 2 | 3 | 3 | 12 | 43 | 60 | 39 |
| OPM % | 14% | 17% | 15% | 19% | 18% | 30% | 34% | 35% | 31% |
| 0 | 0 | 0 | 0 | 0 | 0 | 3 | 7 | 7 | |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Depreciation | 1 | 1 | 1 | 2 | 2 | 4 | 10 | 7 | 7 |
| Profit before tax | 2 | 2 | 1 | 1 | 2 | 9 | 36 | 60 | 38 |
| Tax % | 28% | 28% | 27% | 24% | 24% | 25% | 24% | 25% | |
| 1 | 1 | 1 | 1 | 1 | 7 | 27 | 45 | 28 | |
| EPS in Rs | 4.13 | 4.43 | 3.43 | 0.79 | 0.77 | 3.36 | 13.87 | 23.31 | 14.21 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 63% |
| 3 Years: | 108% |
| TTM: | -36% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 113% |
| 3 Years: | 212% |
| TTM: | -44% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 122% |
| 1 Year: | -45% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 48% |
| 3 Years: | 53% |
| Last Year: | 56% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 1 | 1 | 1 | 4 | 6 | 6 | 19 | 19 | 19 |
| Reserves | 2 | 4 | 5 | 2 | 16 | 22 | 38 | 84 | 397 |
| 0 | 0 | 0 | 0 | 0 | 0 | 3 | 10 | 7 | |
| 5 | 4 | 4 | 9 | 8 | 10 | 18 | 32 | 56 | |
| Total Liabilities | 8 | 9 | 10 | 16 | 30 | 39 | 79 | 145 | 479 |
| 2 | 1 | 3 | 3 | 4 | 9 | 9 | 13 | 30 | |
| CWIP | 1 | 2 | 3 | 4 | 6 | 4 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 4 | 5 | 5 |
| 6 | 5 | 4 | 10 | 20 | 26 | 65 | 128 | 444 | |
| Total Assets | 8 | 9 | 10 | 16 | 30 | 39 | 79 | 145 | 479 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| 2 | 1 | 3 | 2 | -7 | 24 | 51 | 29 | |
| -3 | -2 | -3 | -3 | -5 | -6 | -37 | 8 | |
| -0 | -0 | -0 | 0 | 13 | 0 | -1 | 7 | |
| Net Cash Flow | -1 | -1 | 0 | 0 | 1 | 18 | 13 | 44 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 57 | 52 | 52 | 176 | 95 | 8 | 3 | 67 |
| Inventory Days | ||||||||
| Days Payable | ||||||||
| Cash Conversion Cycle | 57 | 52 | 52 | 176 | 95 | 8 | 3 | 67 |
| Working Capital Days | -11 | 16 | -7 | -9 | 196 | -32 | -43 | -2 |
| ROCE % | 48% | 28% | 23% | 14% | 35% | 80% | 70% |
Documents
Announcements
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
12h - DP) regulations 2018, please find attached the certificate for the quarter ended on December 31, 2025 for your records
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
9 Jan - NPST and Infinity Infoway to embed TimePay prepaid payments into ID cards; phased pan-India rollout starting Jan 9, 2026.
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Closure of Trading Window
31 Dec - Trading window closed Jan 1, 2026 until 48 hours after Q4 2025 unaudited results declaration.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
16 Dec - Dec 16, 2025: NPST launched 'Bank-in-a-Box' digital banking platform, deployable in 8–12 weeks; targets 20+ tenants.
-
Announcement under Regulation 30 (LODR)-Preferential Issue
12 Dec 2025 - Trading approval for 1,446,500 preferential shares to Tata Mutual Fund; listed Dec 11, 2025; lock-in until 14-Jun-2026.
Annual reports
Concalls
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Nov 2025Transcript PPT REC
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Aug 2025Transcript PPT REC
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May 2025Transcript PPT
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Feb 2025Transcript PPT
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Oct 2024Transcript PPT REC
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Oct 2024TranscriptAI SummaryPPT
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Jul 2024Transcript PPT REC
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Apr 2024Transcript PPT REC
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Feb 2024Transcript PPT
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Oct 2023TranscriptPPT
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Oct 2023Transcript PPT
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Oct 2023TranscriptAI SummaryPPT
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Jul 2023Transcript PPT
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Jul 2023Transcript PPT
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May 2023TranscriptPPT
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May 2023Transcript PPT
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May 2023TranscriptAI SummaryPPT
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Feb 2023TranscriptAI SummaryPPT
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Feb 2023TranscriptAI SummaryPPT
Business Overview:[1][2]
NPST provides software and digital payment solutions to the Banking and Fintech segment, primarily focusing on Transaction Processing, Payment Platforms, RegTech, Digital Engagement solutions. Its software products and solutions helps modernizing payments infrastructure for banks, payment aggregators, and merchants, and ensure smooth flow of payments.