Network People Services Technologies Ltd

NPST

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Market Cap

₹ 3,093 Cr

P/E

109.77

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Performance

UNDER PERFORMER

Valuation

OVERVALUED

Growth

EXCEPTIONAL

Profitability

MODERATE MARGIN

Technicals

Bearish

Risk

MODERATE RISK

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Price

PE Ratio

Price

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Overview

Detailed Summary

Network People Services Technologies Ltd. (NPST) is a digital banking and payments technology provider, focused on enabling compliant transaction processing for banks and fintechs in India.

NPST saw a significant revenue growth of 39% as compared to the previous quarter, alongside a robust increase in EBITDA by 40%, showcasing strong financial performance in Q2 FY26.

The company launched several new products like Bank-in-a-Box, QR for cooperative banks, and Interoperable Autopay, aiming to diversify its revenue streams and bolster its technology service offerings.

NPST's major contract win with a large PSU bank signifies its competitive edge, securing new orders that highlight its technology excellence in the banking solutions sector.

The focus on AI integrates efficiency and advanced analytics capabilities into NPST's RegTech solutions, driving enhanced fraud management and operational productivity.

Sector

IT - Software

Industry

IT Enabled Services / Business Process Outsourcing

Market Cap

3,093 Cr

Volatility

Low Risk

P/E Ratio

109.8

Industry P/E

29.9

PEG Ratio

0.5

P/B Ratio

7.4

52W High

2,388.00

52W Low

1,393.90

Sales CAGR

35.80%

108.28%

63.09%

10Y

—

Profit CAGR

68.09%

211.88%

113.22%

10Y

—

ROE

TTM

6.76%

41.05%

36.84%

10Y

—

ROCE

TTM

9.17%

52.51%

47.11%

10Y

—

Technicals

‌

Forecasts

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
COLAB	192.80	3,933 Cr	838.26	144.03	0.00	16.94	16.87	11.50
SAGL	49.91	3,479 Cr	499.10	31.34	0.00	6.36	5.60	2.72
PROTEAN	781.00	3,174 Cr	34.86	3.12	1.28	8.94	11.30	6.92
NPST	1484.15	3,093 Cr	109.77	7.40	0.00	6.76	9.17	5.87
TEAMLEASE	1612.30	2,700 Cr	22.98	2.81	0.00	12.24	11.25	5.15
RPSGVENT	743.00	2,496 Cr	397.11	0.94	0.00	-1.59	9.88	0.99
BCG	11.26	2,268 Cr	2.81	0.24	0.00	8.56	12.41	7.39

Financial Statements

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Consolidated Quarterly Results (in ₹ Crores)

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Total Figures

QoQ Changes

Total Figures

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Sales	24	28	31	44	59	67	21	26	34	47
Expenses	17	19	21	29	38	44	15	18	24	33
Operating Profit	7.51	9.03	10	14	21	23	6.22	8.74	9.83	14
OPM %	30.68	32.30	32.81	32.62	35.29	34.62	29.28	33.17	29.24	29.24
Other Income	0.40	0.49	0.68	1.07	1.40	2.22	1.99	1.76	1.47	2.00
Interest	0.01	0.01	0.01	0.01	0.00	0.01	0.00	0.18	0.21	0.17
Depreciation	1.69	2.10	2.23	2.29	1.09	1.33	1.40	2.06	1.43	1.98
Profit Before Tax	6.21	7.40	8.76	13	21	24	6.81	8.27	9.67	13
Tax %	16.91	32.43	25.46	23.08	25.87	24.38	24.52	27.33	25.54	27.06
Net Profit	5.16	5.00	6.53	10	16	18	5.14	6.01	7.19	9.84
EPS in Rs	—	2.58	—	5.16	—	9.34	—	3.09	3.70	4.40

Consolidated Profit Loss (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	18	18	15	15	19	41	128	173	148
Expenses	15	15	13	12	16	29	86	113	100
Operating Profit	2.43	2.98	2.23	2.95	3.49	12	41	60	48
OPM %	13.89	16.59	14.67	19.22	18.16	29.48	32.20	34.74	32.37
Other Income	0.05	0.01	0.06	0.06	0.33	0.34	2.64	7.41	7.44
Interest	0.01	0.01	0.01	0.05	0.05	0.01	0.03	0.34	0.40
Depreciation	0.74	1.12	0.86	1.52	1.78	3.63	8.30	6.88	6.22
Profit Before Tax	1.73	1.87	1.42	1.44	1.98	8.74	35	60	49
Tax %	27.89	27.90	26.62	25.17	24.47	25.35	24.50	25.10	25.15
Net Profit	1.25	1.35	1.04	1.08	1.50	6.52	27	45	36
EPS in Rs	—	—	—	—	—	5.32	25.83	—	20.53
Dividend Payout %	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—

Consolidated Balance Sheet (in ₹ Crores)

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Total Figures

YoY Changes

Total Figures

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	1.00	1.00	1.00	4.50	6.46	6.46	19	19
Reserves	2.25	3.60	4.64	2.23	16	22	38	84
Borrowings	0.00	0.00	0.00	0.38	0.00	0.20	0.14	9.59
Other Liabilities	5.20	4.21	4.33	9.41	8.25	10	19	33
Total Liabilities	8.45	8.81	9.97	17	30	39	77	146
Fixed Assets	1.92	1.42	2.97	2.69	4.30	9.26	6.94	13
CWIP	0.94	2.22	2.62	3.92	6.32	3.80	0.00	0.72
Investments	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.29
Other Assets	5.60	5.18	4.38	9.92	20	26	70	132
Total Assets	8.45	8.81	9.97	17	30	39	77	146

Consolidated Cash Flows (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	2.30	1.04	3.12	2.33	-7.44	24	43	29
Cash from Investing Activity	-3.13	-1.89	-2.81	-2.55	-5.49	-5.73	0.46	8.41
Cash from Financing Activity	-0.01	-0.01	-0.01	0.33	13	0.19	0.66	6.75
Net Cash Flow	-0.84	-0.86	0.30	0.11	0.52	18	44	44

Shareholdings

Shareholding History

Quarterly

Yearly

Quarterly

	Sep 2021	Mar 2022	Sep 2022	Mar 2023	Sep 2023	Feb 2024	Mar 2024	Sep 2024	Mar 2025	Apr 2025	Jun 2025	Sep 2025
Promoters	67.55%	67.55%	67.55%	67.55%	67.55%	67.55%	67.55%	67.55%	67.54%	67.55%	67.56%	64.81%
FIIs	0.00%	0.00%	0.00%	0.00%	0.02%	0.20%	0.19%	0.06%	0.03%	0.03%	0.03%	0.18%
DIIs	9.66%	9.66%	9.66%	9.66%	5.82%	0.00%	-0.00%	0.05%	0.29%	0.30%	0.58%	3.24%
Public	22.79%	22.79%	22.79%	22.79%	26.61%	32.25%	32.26%	32.34%	32.15%	32.11%	31.84%	31.78%
Total Shareholders	526	318	256	237	360	1,093	1,309	3,401	4,675	4,754	5,473	5,868

Market Transactions

Date	Party	Category	Type	Avg Price (₹)	Total Value (₹)	Quantity	Percent Traded
Oct 16, 2025	Sudesh aggarwal	Insider - Promoter Group	Acquisition	1,884.48	0.02 Cr	100	—
Oct 16, 2025	Sudesh aggarwal	Insider - Promoter Group	Acquisition	1,884.99	0.02 Cr	100	—
Oct 16, 2025	Sudesh aggarwal	Insider - Promoter Group	Acquisition	1,896.09	0.09 Cr	500	—
Oct 16, 2025	Sudesh aggarwal	Insider - Promoter Group	Acquisition	1,904.02	0.02 Cr	100	—
Oct 16, 2025	Sudesh aggarwal	Insider - Promoter Group	Acquisition	1,899.42	0.01 Cr	50	—
Aug 12, 2025	Deepak chand thakur	Insider - Promoter & Director	Disposal	0.01	0.00 Cr	1,63,333	0.84
Aug 12, 2025	Ashish agarwal	Insider - Promoter & Director	Disposal	0.01	0.00 Cr	1,60,000	0.82
Aug 12, 2025	Savita vashist	Insider - Promoter & Director	Disposal	0.01	0.00 Cr	2,10,000	1.08
Aug 12, 2025	Savita vashist	Insider - Promoter & Director	Disposal	2,074.02	43.55 Cr	2,10,000	1.08
Aug 12, 2025	Ashish agarwal	Insider - Promoter & Director	Disposal	2,074.03	33.18 Cr	1,60,000	0.82

Projection

Actions

Action Type

‌
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Announcements

Last 7 days

Newest

Sentiment

Preferential Issue

3 days ago

Trading Approval Received for Equity Shares

The company received trading approvals for 1,446,500 equity shares issued preferentially to Tata Mutual Fund, effective December 11, 2025.

Documents

Presentations

Concalls

Reports

Presentations

Investor Presentation

Q2 FY26

Investor Presentation

Q1 FY26

Investor Presentation

Q4 FY25

Investor Presentation

Q3 FY25

Investor Presentation

Q2 FY25

Investor Presentation

Q2 FY25

Investor Presentation

Q1 FY25

Investor Presentation

Q4 FY24

Showing 1 - 8 of 17

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Bullish

Overall

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Overview

Detailed Summary

Network People Services Technologies Ltd. (NPST) is a digital banking and payments technology provider, focused on enabling compliant transaction processing for banks and fintechs in India.

NPST saw a significant revenue growth of 39% as compared to the previous quarter, alongside a robust increase in EBITDA by 40%, showcasing strong financial performance in Q2 FY26.

NPST's major contract win with a large PSU bank signifies its competitive edge, securing new orders that highlight its technology excellence in the banking solutions sector.

The focus on AI integrates efficiency and advanced analytics capabilities into NPST's RegTech solutions, driving enhanced fraud management and operational productivity.

Sector

IT - Software

Industry

IT Enabled Services / Business Process Outsourcing

Market Cap

3,093 Cr

Volatility

Low Risk

P/E Ratio

109.8

Industry P/E

29.9

PEG Ratio

0.5

P/B Ratio

7.4

52W High

2,388.00

52W Low

1,393.90

Sales CAGR

35.80%

108.28%

63.09%

10Y

—

Profit CAGR

68.09%

211.88%

113.22%

10Y

—

ROE

TTM

6.76%

41.05%

36.84%

10Y

—

ROCE

TTM

9.17%

52.51%

47.11%

10Y

—

Financial Statements

AI Powered Summary

Discover detailed, AI-driven financial summaries that break down key metrics, trends, and insights—empowering you to make smarter investment decisions.

AI Mode

Consolidated Quarterly Results (in ₹ Crores)

View Standalone

Total Figures

QoQ Changes

Total Figures

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Sales	24	28	31	44	59	67	21	26	34	47
Expenses	17	19	21	29	38	44	15	18	24	33
Operating Profit	7.51	9.03	10	14	21	23	6.22	8.74	9.83	14
OPM %	30.68	32.30	32.81	32.62	35.29	34.62	29.28	33.17	29.24	29.24
Other Income	0.40	0.49	0.68	1.07	1.40	2.22	1.99	1.76	1.47	2.00
Interest	0.01	0.01	0.01	0.01	0.00	0.01	0.00	0.18	0.21	0.17
Depreciation	1.69	2.10	2.23	2.29	1.09	1.33	1.40	2.06	1.43	1.98
Profit Before Tax	6.21	7.40	8.76	13	21	24	6.81	8.27	9.67	13
Tax %	16.91	32.43	25.46	23.08	25.87	24.38	24.52	27.33	25.54	27.06
Net Profit	5.16	5.00	6.53	10	16	18	5.14	6.01	7.19	9.84
EPS in Rs	—	2.58	—	5.16	—	9.34	—	3.09	3.70	4.40

Consolidated Profit Loss (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	18	18	15	15	19	41	128	173	148
Expenses	15	15	13	12	16	29	86	113	100
Operating Profit	2.43	2.98	2.23	2.95	3.49	12	41	60	48
OPM %	13.89	16.59	14.67	19.22	18.16	29.48	32.20	34.74	32.37
Other Income	0.05	0.01	0.06	0.06	0.33	0.34	2.64	7.41	7.44
Interest	0.01	0.01	0.01	0.05	0.05	0.01	0.03	0.34	0.40
Depreciation	0.74	1.12	0.86	1.52	1.78	3.63	8.30	6.88	6.22
Profit Before Tax	1.73	1.87	1.42	1.44	1.98	8.74	35	60	49
Tax %	27.89	27.90	26.62	25.17	24.47	25.35	24.50	25.10	25.15
Net Profit	1.25	1.35	1.04	1.08	1.50	6.52	27	45	36
EPS in Rs	—	—	—	—	—	5.32	25.83	—	20.53
Dividend Payout %	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—

Consolidated Balance Sheet (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	1.00	1.00	1.00	4.50	6.46	6.46	19	19
Reserves	2.25	3.60	4.64	2.23	16	22	38	84
Borrowings	0.00	0.00	0.00	0.38	0.00	0.20	0.14	9.59
Other Liabilities	5.20	4.21	4.33	9.41	8.25	10	19	33
Total Liabilities	8.45	8.81	9.97	17	30	39	77	146
Fixed Assets	1.92	1.42	2.97	2.69	4.30	9.26	6.94	13
CWIP	0.94	2.22	2.62	3.92	6.32	3.80	0.00	0.72
Investments	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.29
Other Assets	5.60	5.18	4.38	9.92	20	26	70	132
Total Assets	8.45	8.81	9.97	17	30	39	77	146

Consolidated Cash Flows (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	2.30	1.04	3.12	2.33	-7.44	24	43	29
Cash from Investing Activity	-3.13	-1.89	-2.81	-2.55	-5.49	-5.73	0.46	8.41
Cash from Financing Activity	-0.01	-0.01	-0.01	0.33	13	0.19	0.66	6.75
Net Cash Flow	-0.84	-0.86	0.30	0.11	0.52	18	44	44

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
COLAB	192.80	3,933 Cr	838.26	144.03	0.00	16.94	16.87	11.50
SAGL	49.91	3,479 Cr	499.10	31.34	0.00	6.36	5.60	2.72
PROTEAN	781.00	3,174 Cr	34.86	3.12	1.28	8.94	11.30	6.92
NPST	1484.15	3,093 Cr	109.77	7.40	0.00	6.76	9.17	5.87
TEAMLEASE	1612.30	2,700 Cr	22.98	2.81	0.00	12.24	11.25	5.15
RPSGVENT	743.00	2,496 Cr	397.11	0.94	0.00	-1.59	9.88	0.99
BCG	11.26	2,268 Cr	2.81	0.24	0.00	8.56	12.41	7.39