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Network People Services Technologies Limited
(NPST)
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Rating:63Neutral
Price Target:
₹1,763.00
▲(25.18% Upside)
Action:Reiterated
Date:09/17/26
The score is driven primarily by mixed fundamentals: strong growth and very low leverage are outweighed by major FY2026 cash flow deterioration and margin compression. Technicals are supportive with a strong uptrend and positive momentum indicators, but valuation is a meaningful headwind given the very high P/E and minimal dividend support.
Positive Factors
Rapid Revenue Growth
The sharp FY2026 revenue increase indicates strong demand for NPST’s payments technology and expanding business activity. If growth remains supported by customer deployments and transaction volumes, it can provide a durable base for scale, reinvestment, and broader market participation over the coming quarters.
Negative Factors
Negative Cash Generation
The shift to negative operating and free cash flow means reported earnings are not currently converting into cash, weakening financial quality. Unless this reverses, NPST may have less internally generated funding for investment and greater exposure to working-capital or spending-related volatility.
Read all positive and negative factors
Positive Factors
Negative Factors
Rapid Revenue Growth
The sharp FY2026 revenue increase indicates strong demand for NPST’s payments technology and expanding business activity. If growth remains supported by customer deployments and transaction volumes, it can provide a durable base for scale, reinvestment, and broader market participation over the coming quarters.
Read all positive factors
Network People Services Technologies Limited (NPST) vs. iShares MSCI India ETF (INDA)
Market Cap
₹36.41B
Dividend Yield0.11%
Average Volume (3M)8.90K
Price to Earnings (P/E)78.9
Beta (1Y)1.68
Revenue Growth47.17%
EPS Growth17.84%
CountryIN
Employees354
SectorGeneral
Sector StrengthN/A
IndustrySoftware - Application
Share Statistics
EPS (TTM)22.39
Shares Outstanding20,863,500
10 Day Avg. Volume7,404
30 Day Avg. Volume8,897
Financial Highlights & Ratios
PEG Ratio-4.02
Price to Book (P/B)4.97
Price to Sales (P/S)11.23
P/FCF Ratio-27.03
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Network People Services Technologies Limited Business Overview & Revenue Model
Company Description
Network People Services Technologies Limited develops payments infrastructure for banks, payment aggregators, and merchants in India. The company offers UPI Switch that connects with National Payments Corporation of India (NPCI) infrastructure, th...
How the Company Makes Money
NPST primarily makes money by selling and operating payments technology for banks and other financial ecosystem participants, earning revenue through a mix of (1) licensing/subscription fees for its software platforms and modules (charged as upfro...
Network People Services Technologies Limited Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
86
Very Positive
Cash Flow
38
Negative
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.18B | 1.95B | 1.73B | 1.28B | 408.42M | 192.36M |
| Gross Profit | 563.21M | 548.80M | 720.17M | 496.62M | 171.60M | 63.17M |
| EBITDA | 566.63M | 651.30M | 675.77M | 454.91M | 123.77M | 37.69M |
| Net Income | 446.88M | 408.30M | 451.96M | 268.91M | 65.24M | 14.96M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 5.08B | 1.46B | 769.08M | 390.67M | 303.62M |
| Cash, Cash Equivalents and Short-Term Investments | 3.09B | 3.09B | 959.22M | 633.76M | 193.41M | 90.49M |
| Total Debt | 0.00 | 137.60M | 95.87M | 1.38M | 2.04M | 0.00 |
| Total Liabilities | -4.41B | 670.60M | 415.12M | 185.64M | 104.34M | 82.53M |
| Stockholders Equity | 4.41B | 4.40B | 1.04B | 575.92M | 286.33M | 221.09M |
Cash Flow | ||||||
| Free Cash Flow | -304.13M | -809.60M | 182.68M | 482.43M | 178.36M | -132.41M |
| Operating Cash Flow | -77.70M | -336.30M | 290.64M | 509.71M | 239.04M | -74.39M |
| Investing Cash Flow | -415.75M | -542.30M | 84.14M | -330.90M | -57.32M | -54.86M |
| Financing Cash Flow | 2.97B | 2.96B | 67.47M | -2.62M | 1.94M | 134.49M |
Network People Services Technologies Limited Technical Analysis
Positive
1408.40
Price Trends
1647.36
Positive
1540.80
Positive
1389.85
Positive
Market Momentum
24.63
Positive
52.93
Neutral
47.40
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:NPST, the sentiment is Positive. The current price of 1408.4 is below the 20-day moving average (MA) of 1751.03, below the 50-day MA of 1647.36, and above the 200-day MA of 1389.85, indicating a bullish trend. The MACD of 24.63 indicates Positive momentum. The RSI at 52.93 is Neutral, neither overbought nor oversold. The STOCH value of 47.40 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:NPST.
Network People Services Technologies Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | ₹5.91B | 15.41 | ― | 5.80% | 15.97% | 16.68% | |
75 Outperform | ₹13.92B | 6.61 | ― | 0.69% | 35.35% | 59.52% | |
74 Outperform | ₹66.68B | 20.48 | ― | 1.32% | 7.88% | -1.77% | |
63 Neutral | ₹36.41B | 78.90 | ― | 0.11% | 47.17% | 17.84% | |
60 Neutral | ₹6.80B | 7.44 | ― | 0.46% | 9.34% | 2.71% | |
56 Neutral | ₹20.87B | 49.21 | ― | ― | 15.71% | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
IN:NPST
Network People Services Technologies Limited
1,757.85
-248.84
-12.40%
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Network People Services Technologies Limited Corporate Events
NPST Confirms AGM Notice Dispatch and Annual Report Access for Shareholders
Sep 5, 2026
Network People Services Technologies Limited has confirmed completion of dispatch of the notice for its 13th Annual General Meeting, scheduled to be held on September 28, 2026 via video conferencing and other audio-visual means. The company has se...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.