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 ₹ 3,037 Cr.
- Current Price ₹ 1,566
- High / Low ₹ 3,110 / 1,505
- Stock P/E 108
- Book Value ₹ 215
- Dividend Yield 0.12 %
- 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
- Stock is trading at 7.42 times its book value
- Promoter holding has decreased over last quarter: -2.77%
- 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 | 14.57 |
| 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: | 248% |
| 1 Year: | -47% |
| 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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Intimation Under Regulation 30 Read With Para C Of Part A Of Schedule III Of The SEBI (LODR) Regulations, 2015 - Partnership With Cosmos Co-Operative Bank Ltd For Expansion Of Digital Payment Acceptance Infrastructure
20 Nov - NPST partners with Cosmos Co-op Bank to enable QR/soundbox payments across 1,500 banks, 11,000 branches.
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
17 Nov - Q2 FY26 transcript: revenue Rs48.61Cr, EBITDA Rs15.71Cr, net profit ~Rs10Cr; product launches and international expansion.
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Intimation Of Receipt Of In-Principle Approval For Listing Of 14,46,500 Equity Shares Allotted On Preferential Basis From National Stock Exchange Of India Limited Under Regulation 30 Of SEBI (LODR) Regulations, 2015
17 Nov - In-principle listing approval for 1,446,500 preferentially allotted equity shares, NSE letter dated Nov 14, 2025.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
14 Nov - Copy of the newspaper publication of the Financial results for the quarter ended September 30, 2025 publised in Financial Express, Mumbai Lakshdeep & Business Remedies …
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
13 Nov - Audio of Nov 13, 2025 earnings call for quarter ended Sept 30, 2025 uploaded to company website.
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 2024TranscriptNotesPPT
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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 2023TranscriptNotesPPT
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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 2023TranscriptNotesPPT
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Feb 2023TranscriptNotesPPT
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Feb 2023TranscriptNotesPPT
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.