NETWORK PEOPLE SERVICES TECH (NPST): Financials & Fundamentals History

Share price

Closing priceAdjusted for splits and bonus issues.

3M1Y3YAll

₹1,737.3 latest close · −0.4% over the last 90 sessions

₹1,737.3 month-end · +5.2% over 12 months

₹1,737.3 month-end · +145.2% over 3 years

₹1,737.3 month-end · +7587.2% since Aug '21

52-week range ₹846.60 to ₹1934.00 · 1-year volatility 59.4%

Was the rally earned?

1 year3 years

+5%share price, 1 yearLower P/E held it back

Mostly yes, with a catch.

Per-share earnings added 16 points, but investors now pay less per rupee of profit (P/E 89.7x to 81.1x), which took 10 points back.
The share count rose 10%.

Net profit growth+25 ptsNet profit rose about 28%, which lifts the price.

P/E change-10 ptsThe P/E fell from 89.7x to 81.1x, which lowers the price.

Share count change-9 ptsShare count rose 10%, which lowers the price.

+145%share price, 3 yearsLower P/E held it back

Mostly yes, with a catch.

Per-share earnings added 300 points, but investors now pay less per rupee of profit (P/E 210.9x to 81.1x), which took 155 points back.
The share count barely moved.

Net profit growth+300 ptsNet profit rose about 538%, which lifts the price.

P/E change-155 ptsThe P/E fell from 210.9x to 81.1x, which lowers the price.

Share count change0 ptsShare count was little changed. More shares would count against the price.

What do "pts" mean?

"pts" are percentage points of the share price return. The parts add up to the total shown for each period. Because price = P/E × net profit ÷ share count, higher profit pushes the price up, a higher P/E pushes it up, and more shares push it down.

Example: if the price rose 34% and profit growth accounts for +58 pts while a lower P/E accounts for -24 pts, then 58 - 24 = 34. The +58 is not the profit growth rate itself: it is the part of the price move that profit growth explains.

Not shown for 5 years: earnings were negative at one end, or there is not enough history.

Net profit is trailing twelve months as reported with a 60-day lag.

Compare this with ONE 97 COMMUNICATIONS PAYTM

How rough has the ride been?

Maximum drawdown-75.0%not yet recovered

1-year volatility59.4%annualised

Beta vs sector index0.683-year daily, correlation 0.23

Volume spikes4last 90 sessions, 5x the 50-day median

Drawdown from peak

Largest drawdowns

-75.0% (2024-08 peak to 2026-03 low, not yet recovered)

-33.0% (2021-08 peak to 2021-11 low, recovered 2022-02)

-32.2% (2023-01 peak to 2023-02 low, recovered 2023-03)

Most recent volume spikes

2026-09-17: 15.4x the 50-day median, price +1.1% that day

2026-09-16: 106.1x the 50-day median, price +11.9% that day

2026-08-26: 11.3x the 50-day median, price +3.2% that day

Beta is the slope of daily returns against a market-cap-weighted index of the sector's other listed companies, built from today's constituents (so it excludes companies no longer listed).

Is it expensive against its own past and its peers?

81.1xP/E todayWithin its usual range

Against its own history36th percentile

CheapestMedian 91.3xDearest

Usual range 31.2x to 256.1x since 2021-08.

Against Technology Services81.1x vs 21.1x

This company

81.1x

Sector median

21.1x

285% above the Technology Services median.

P/EP/BP/S

P/E (this company)10th to 90th percentile of its own historyIts medianTechnology Services median

The chart loads when you open this tab.

P/B (this company)10th to 90th percentile of its own historyIts medianTechnology Services median

The chart loads when you open this tab.

P/S (this company)10th to 90th percentile of its own historyIts medianTechnology Services median

How to read this

Shaded band: 10th to 90th percentile of the company's own P/E history; dotted line: its median; orange line: sector median (companies with a positive multiple, at least 5 in the sector).

Sector figures are built from today's listed companies, so they exclude companies that are no longer listed.

All terms explained in the glossary →

How Technology Services is valued

Where does it rank among Technology Services peers?

Each cell is the company's percentile rank among its Technology Services peers (non-financial companies) that month.
Darker is better-ranked.
Rows marked ↓ are inverted (lower debt, shorter cash cycle and a lower P/E rank higher).

Where it ranks today

ROCE63rd▼ 35 pts vs a year ago
Op. margin80th▼ 8 pts vs a year ago
Revenue growth88th▲ 70 pts vs a year ago
EPS growth60th▲ 24 pts vs a year ago
Debt/equity ↓70th▲ 23 pts vs a year ago
Cash cycle ↓8th▼ 44 pts vs a year ago
P/E ↓12thflat vs a year ago
12M momentum80th▲ 64 pts vs a year ago

Rank history

ROCE

Op. margin

Revenue growth

EPS growth

Debt/equity ↓

Cash cycle ↓

P/E ↓

12M momentum

Dec '21Jul '22Jan '23Jul '23Jan '24Jul '24Jan '25Jul '25Jan '26Jul '26Nov '26

Lower rank Higher rank Not enough data

Percentiles use today's listed companies in the sector and need at least 5 peers with a value; grey cells have too few.
ROE is computed from net profit and book value where the source does not report it.

The Technology Services sector page Watch it move against Technology Services in the Observatory

What is the price implying?

~41%annual earnings growth implied by the priceBelow delivered growth

At normalised P/E (five-year average earnings) of 149.6x, a holder earning 12%/yr needs earnings to grow about 41.0%/yr for 10 years, then trade at 15x.

Delivered63.0%/yrEPS, last 9 fiscal years · 3-yr avg to 3-yr avg

Gap−19.0 ptsimplied minus delivered

Rank772ndmost demanding of 856

Over time

Implied growth by month (solid) and delivered growth (dashed).

Change the assumptions

Exit P/E / return	11%	12%	13%
12x	42.9%	44.1%	45.4%
15x	39.7%	41.0%	42.2%
20x	35.7%	37.0%	38.2%

Drag a slider to test other assumptions

Required return 12.0% Years 10 Exit P/E 15x Implied: 41.0%/yr

Looking back

Jan 2022Price implied 19%/yr; EPS has since grown 90%/yr (5.0 yrs)

Past comparisons cover only companies listed today (survivorship bias) and say nothing about future outcomes.

“Implied growth” is what the current price would require under our stated assumptions, not what we expect. How this is calculated and the market-wide lists.

What prices imply across Technology Services The market-wide Expectations lists

Key figures

Share Priceclose 9 Nov: ₹1737.30
P/E: 81.1x
ROCE: 20.0%
Market Cap: ₹3624 cr
Revenue (TTM): ₹218 cr
P/S: 16.6x
P/B: 8.2x
ROE: 10.1%
Operating Margin: 25.0%
Debt / Equity: 0.0x
Promoter Holding: 60.5%
12M Momentum: 5.2%

52-week range

₹846.60₹1934.00

82% of the way from its 52-week low to its high

Price risk

1Y volatility

59.4%

Beta vs sector

1-year daily

0.81

Balance sheet & cash

Debt service

no meaningful debt

Cash from profit, 3Y

operating cash flow ÷ net profit

0.31x

low

Share count, 1Y

+10.5%

Are profits backed by cash?

1 of 6checks within range3 beyond a threshold

Other income reliance31%Near threshold

Other income as a share of pre-tax profit (trailing twelve months): 30.5%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate26%Within range

Median quarterly effective tax rate over about 2.5 years: 25.5%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Cash conversion0.31xBeyond threshold

Operating cash flow divided by net profit over the last three fiscal years: 0.31x (cash from operations ₹35 cr, net profit ₹113 cr). Bands: 0.8x and above, 0.5x to 0.8x, below 0.5x.

Free cash flow3 of 5 yrsNear threshold

Fiscal years with positive free cash flow in the last 5: 3. Bands: at least 80% of years, 40% to 80%, below 40%.

Receivable days vs history+187 daysBeyond threshold

Debtor days are above the median of the previous three fiscal years by 187 days (195 vs 8). Bands: under 15 days, 15 to 45, over 45.

Capital work in progress83% of fixed assetsBeyond threshold

Capital work-in-progress is 83% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.

Payable days—Not enough data

Not enough reported data to compute this.

Tap a check to see how it is measured

How to read this

Each check is a named rule with fixed thresholds, not a score. Annual statements are the latest restated figures, so a past year may differ from what was originally reported.

All terms explained in the glossary →

Who has been buying and selling?

Over 3 years, promoters trimmed 7.1 pts; DIIs added 4.2 pts.
The number of shareholders rose from 318 to 9,986 (+3040%) between Mar 2022 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupMar '22Jun '26Change

Promoters67.5%60.5%-7.1 pts

FIIs0.0%0.1%+0.1 pts

DIIs9.7%10.0%+0.4 pts

Public and others22.8%29.4%+6.6 pts

Number of shareholders

9,986shareholders+3040% since Mar '22

Quarterly shareholding as reported, labelled by the quarter it covers (it becomes visible about two months later).
Shareholder counts are only available for recent quarters.

This quarter's smart-money board

What happened next to similar setups

+1.8%typical 12-month return vs the marketNot meaningfully different from the base rate

We found 50 past situations where a non-financial company looked like NETWORK PEOPLE SERVICES TECH today on valuation, return on capital, margins, debt, growth, price momentum, size and volatility.
Over the following 12 months the middle half of them returned −32% to +38% vs the market, against −8% for all non-financial companies in the same months.
The gap against the base rate (+9.7%, 80% range −1.6% to +27.0%) is within what chance and overlapping periods produce.

Where the 50 outcomes landed

Each dot is one past situation (hover or tap for details) · Solid dots are the closest matches, listed below · Shaded is the middle half of all companies in the same months · 5 beyond the range shown, drawn at the edge

Similar setups' median

+1.8%

All companies' median

−7.9%

Beat the market

50% vs 41%

50 past situations · 50 companies · 28 months · 2020–2025

The closest matches

Company	When	P/E	ROCE	12M mom.	Drawdown	Next 12 months
PARAS Electronic Technology	Jun 2025	100x	16%	+13%	−11%	+61%
RPEL Process Industries	Oct 2025	89x	26%	+19%	−7%	+125%
EMUDHRA Technology Services	May 2024	96x	24%	+76%	−7%	−3%
DATAPATTNS Electronic Technology	Oct 2025	72x	21%	+13%	−14%	+46%
AURIONPRO Technology Services	Mar 2025	50x	22%	+46%	−18%	−54%

Show the other 3 matches

Company	When	P/E	ROCE	12M mom.	Drawdown	Next 12 months
AZAD Producer Manufacturing	Apr 2025	121x	21%	+19%	−20%	+29%
JYOTICNC Producer Manufacturing	May 2025	96x	21%	+29%	−10%	−55%
KIOCL Non-Energy Minerals	Jul 2021	60x	21%	+135%	0%	−37%

How reliable is this?

Matched on P/E, P/S, ROCE, operating margin, debt/equity, revenue growth, 12-month momentum, drawdown from 12-month high, size and volatility. Closest on: revenue growth, P/E and ROCE. Not used (unavailable for this company): interest cover. One match per company and at most 7 from any one month.

Independent periods: the matches fall in 5 distinct 12-month windows. Matches from nearby months share the same market conditions, so fewer windows means less evidence.

How this is built

This is history, not a forecast. These are past situations where other companies had broadly similar reported numbers and price trends. What happened to them does not tell you what will happen to NETWORK PEOPLE SERVICES TECH. The comparison covers only 2020–2025, a single market period, and only companies still listed today. Companies that were delisted or went bankrupt are missing, which makes past outcomes look better than they were. Returns exclude dividends and are measured against an ApnaFunda-built index, not an official benchmark. Fundamentals are matched on a 60-day assumed reporting lag, not actual announcement dates. Its historical skill has not yet been measured. Past patterns may not repeat.

Methodology

How historical analogs are built

Data as of 2026-11-09. Outcome pool: Jan 2020 to Oct 2025.

For every company we look at the situation it is in today (valuation, return on capital, margins, debt, growth, 12-month price momentum, drawdown, size and volatility) and find past company-months that looked most like it. We then show what happened to those past situations over the following 12 months, measured against the ApnaFunda All index and against the base rate. It describes history. It does not predict anything.

What is compared

Feature	Weight	Non-financial	Financial
P/E	1	yes	yes
P/S	1	yes	—
P/B	1	—	yes
ROCE	1	yes	—
operating margin	1	yes	—
ROE	1	—	yes
debt/equity	0.75	yes	—
interest cover	0.5	yes	—
revenue growth	0.75	yes	yes
12-month momentum	1	yes	yes
drawdown from 12-month high	0.75	yes	yes
size	0.75	yes	yes
volatility	0.5	yes	yes

Weights were set by judgement before any outcome was looked at and are never tuned on results. Loss-making companies (negative P/E or net profit) are only matched with other loss-making companies. Banks, NBFCs and insurers are compared only with each other and use a different feature set. Every feature is converted, month by month, to its rank among companies in the same pool in that month, so a P/E of 30 in a hot market and a P/E of 22 in a cold one can match if both were equally expensive for their time. Only that month's data is used.

How closeness and the sample are defined

Distance is the weighted root-mean-square gap between the standardised features both companies have. A match needs at least 70% of the query's feature weight, a distance of at most 0.9, and 30 matches at minimum to be shown. We keep up to 50 matches with these exclusions: never the company itself, one match per company (its closest month), and at most 7 from any one calendar month so a single market episode cannot dominate.

Base rate

The base rate is the distribution of 12-month returns, relative to the market, of every eligible company-month in the same pool, with each month weighted to match the months the analogs came from. It answers: how did a random company do in these same months? Because matches from nearby months share the same market conditions, we also report the number of distinct 12-month windows behind a result, and a bootstrap that resamples months decides whether the analog median differs from the base rate at all. "Not meaningfully different" is the usual outcome and the page copy is written for it.

Limits you should know

One market period. The outcome pool covers 2020–2025 only (70 months), including the 2020 crash and the 2020–21 rally.
Survivorship. Only companies listed today are included. Delisted and bankrupt companies are missing, which flatters past outcomes, particularly for distressed-looking setups.
Price return only. Dividends are excluded, and the benchmark is an ApnaFunda market-cap-weighted index of the same listed companies, not an official index.
Reporting lag. Fundamentals are matched on an assumed 60-day lag after the quarter end, not on real announcement dates.
Pools: non-financial: 98,395 company-months from 2019 companies; financial: 5,659 company-months from 108 companies. 2349 companies currently have a result; the rest are suppressed because too few comparable situations exist.

Does it work? A walk-forward check

The walk-forward check has not been run for this build, so skill is shown as not yet measured.

Disclaimer

This is history, not a forecast. These are past situations where other companies had broadly similar reported numbers and price trends. What happened to them does not tell you what will happen to any company shown. The comparison covers only 2020–2025, a single market period, and only companies still listed today. Companies that were delisted or went bankrupt are missing, which makes past outcomes look better than they were. Returns exclude dividends and are measured against an ApnaFunda-built index, not an official benchmark. Fundamentals are matched on a 60-day assumed reporting lag, not actual announcement dates. Its historical skill has not yet been measured. Past patterns may not repeat.

What else looks like this?

Companies with the most similar financial profile today, regardless of industry.

KRISHNA DEFENCE AND ALLIEDKRISHNADEF

Electronic Technology

75%similar

EPS growthrevenue

AEROFLEX INDUSTRIESAEROFLEX

Producer Manufacturing

71%similar

ROCEP/E

PARAS DEFENCE AND SPACE TECHPARAS

Electronic Technology

71%similar

operating margindebt/equity

RAGHAV PRODUCTIVITY ENHANRPEL

Process Industries

67%similar

revenuedebt/equity

NOVARTIS INDIANOVARTIND

Miscellaneous

60%similar

volatilitymarket cap

CARTRADE TECHCARTRADE

Technology Services

55%similar

EPS growthvolatility

EMUDHRAEMUDHRA

Technology Services

53%similar

debt/equityoperating margin

SILVER TOUCH TECHNOLOGIESSILVERTUC

Technology Services

53%similar

EPS growthoperating margin

Similarity is statistical, based on reported metrics; it does not imply similar business quality or future returns.

What changed?

30 events since Jun '23

2026
SepResultsYear-on-year EPS growth turned positive.
SepPeer rankMoved into the top quartile of Technology Services on operating margin (from the 2nd quartile).
SepPriceVolume reached 106.1x its 50-day median on 2026-09-16; price +11.9% that day.
JunPeer rankSlipped to the 2nd quartile of Technology Services on ROCE (from the top quartile).
JunDividendStarted paying a dividend (payout 10% of profit).
JunSharesShare count is up 10.5% over 12 months.
JunPriceVolume reached 12.5x its 50-day median on 2026-06-02; price +10.7% that day.
MarPriceFell 75% from the Aug 2024 peak to the Mar 2026 low.

Show 22 earlier events

2026
FebPriceVolume reached 12.5x its 50-day median on 2026-02-12; price -11.6% that day.
2025
DecPromoterPromoter holding fell 7.3 pts to 60.3%.
DecInstitutionsFII + DII holding rose 9.8 pts over 2 quarters to 10.1%.
DecPeer rankSlipped to the bottom quartile of Technology Services on EPS growth (from the 3rd quartile).
DecPriceVolume reached 15.0x its 50-day median on 2025-12-29; price +8.5% that day.
SepResultsYear-on-year EPS growth turned negative.
SepPeer rankSlipped to the 3rd quartile of Technology Services on EPS growth (from the top quartile).
AugPriceVolume reached 64.2x its 50-day median on 2025-08-11; price -1.9% that day.
MayPriceVolume reached 8.5x its 50-day median on 2025-05-28; price +0.9% that day.
FebPriceVolume reached 35.3x its 50-day median on 2025-02-14; price -17.1% that day.
2024
OctPriceVolume reached 5.5x its 50-day median on 2024-10-21; price +5.0% that day.
SepPriceVolume reached 11.7x its 50-day median on 2024-09-20; price -5.0% that day.
JunResultsRevenue (TTM) reached a new high of ₹127 cr.
JunSharesShare count is up 200.0% over 12 months.
AprPriceRegained the 2024-02 peak, 1 month after the low.
AprPriceVolume reached 10.1x its 50-day median on 2024-04-29; price -1.2% that day.
MarPriceFell 29% from the Feb 2024 peak to the Mar 2024 low.
2023
DecInstitutionsFII + DII holding fell 3.8 pts over 1 quarter to 5.8%.
OctValuationP/E crossed above the 90th percentile of its own history to date (209.0x).
OctPriceVolume reached 13.0x its 50-day median on 2023-10-25; price +5.0% that day.
AugPriceVolume reached 35.3x its 50-day median on 2023-08-02; price +3.0% that day.
JunResultsYear-on-year EPS growth turned positive.

Events are generated from the data by fixed rules.
The month shown is when the change became visible in the reported figures, assuming a 60-day lag after each quarter end; it is not an announcement date.

Where price and fundamentals disagree, market-wide Rewind the whole market to any month

Monthly history64 months · 2021-08 to 2026-11

Month	P/E	Revenue (TTM)	ROE	ROCE	Debt / Equity
2026-11	81.1x	₹218 cr	10.1%	20.0%	0.0x
2026-10	74.7x	₹218 cr	10.2%	20.0%	0.0x
2026-09	82.4x	₹218 cr	10.2%	20.0%	0.0x
2026-08	84.2x	₹196 cr	9.3%	20.0%	0.0x
2026-07	76.9x	₹196 cr	9.3%	20.0%	0.0x
2026-06	81.6x	₹196 cr	9.3%	20.0%	0.0x
2026-05	69.4x	₹160 cr	33.0%	69.0%	0.1x
2026-04	71.6x	₹160 cr	33.0%	69.0%	0.1x
2026-03	57.6x	₹160 cr	33.0%	69.0%	0.1x
2026-02	84.9x	₹128 cr	26.2%	69.0%	0.1x
2026-01	87.7x	₹128 cr	26.2%	69.0%	0.1x
2025-12	101.5x	₹128 cr	26.2%	69.0%	0.1x
2025-11	89.7x	₹148 cr	34.0%	69.0%	0.1x
2025-10	100.9x	₹148 cr	34.0%	69.0%	0.1x
2025-09	105.1x	₹148 cr	34.0%	69.0%	0.1x
2025-08	93.9x	₹173 cr	42.7%	69.0%	0.1x
2025-07	97.6x	₹173 cr	42.7%	69.0%	0.1x
2025-06	90.9x	₹173 cr	42.7%	69.0%	0.1x
2025-05	83.5x	₹191 cr	86.0%	80.0%	0.1x
2025-04	91.9x	₹191 cr	86.0%	80.0%	0.1x
2025-03	94.7x	₹191 cr	86.0%	80.0%	0.1x
2025-02	65.6x	₹201 cr	89.5%	80.0%	0.1x
2025-01	91.7x	₹201 cr	89.5%	80.0%	0.1x
2024-12	102.5x	₹201 cr	89.5%	80.0%	0.1x
2024-11	156.5x	₹162 cr	66.7%	80.0%	0.1x
2024-10	156.5x	₹162 cr	66.7%	80.0%	0.1x
2024-09	143.4x	₹162 cr	66.7%	80.0%	0.1x
2024-08	242.3x	₹127 cr	47.4%	80.0%	0.1x
2024-07	194.2x	₹127 cr	47.4%	80.0%	0.1x
2024-06	117.5x	₹127 cr	47.4%	80.0%	0.1x
2024-05	398.5x	₹41 cr	25.0%	35.0%	0.0x
2024-04	466.2x	₹41 cr	25.0%	35.0%	0.0x
2024-03	338.9x	₹41 cr	25.0%	35.0%	0.0x
2024-02	383.2x	₹41 cr	25.0%	35.0%	0.0x
2024-01	268.8x	₹41 cr	25.0%	35.0%	0.0x
2023-12	242.5x	₹41 cr	25.0%	35.0%	0.0x
2023-11	210.9x	₹41 cr	25.0%	35.0%	0.0x
2023-10	209.0x	₹41 cr	25.0%	35.0%	0.0x
2023-09	131.0x	₹41 cr	25.0%	35.0%	0.0x
2023-08	131.5x	₹41 cr	25.0%	35.0%	0.0x
2023-07	107.0x	₹41 cr	25.0%	35.0%	0.0x
2023-06	81.3x	₹41 cr	25.0%	35.0%	0.0x
2023-05	280.3x	₹19 cr	2.1%	14.0%	0.0x
2023-04	261.9x	₹19 cr	2.1%	14.0%	0.0x
2023-03	234.0x	₹19 cr	2.1%	14.0%	0.0x
2023-02	162.1x	₹19 cr	2.1%	14.0%	0.0x
2023-01	146.2x	₹19 cr	2.1%	14.0%	0.0x
2022-12	95.1x	₹19 cr	2.1%	14.0%	0.0x
2022-11	49.9x	₹19 cr	2.1%	14.0%	0.0x
2022-10	51.9x	₹19 cr	2.1%	14.0%	0.0x
2022-09	47.3x	₹19 cr	2.1%	14.0%	0.0x
2022-08	54.5x	₹19 cr	2.1%	14.0%	0.0x
2022-07	39.8x	₹19 cr	2.1%	14.0%	0.0x
2022-06	33.8x	₹19 cr	2.1%	14.0%	0.0x
2022-05	35.0x	₹15 cr	5.3%	23.0%	0.0x
2022-04	32.9x	₹15 cr	5.3%	23.0%	0.0x
2022-03	33.3x	₹15 cr	5.3%	23.0%	0.0x
2022-02	29.2x	₹15 cr	5.3%	23.0%	0.0x
2022-01	27.3x	₹15 cr	5.3%	23.0%	0.0x
2021-12	30.4x	₹15 cr	5.3%	23.0%	0.0x
2021-11	22.3x	₹15 cr	5.3%	23.0%	0.0x
2021-10	28.8x	₹15 cr	5.3%	23.0%	0.0x
2021-09	30.2x	₹15 cr	5.3%	23.0%	0.0x
2021-08	28.3x	₹15 cr	5.3%	23.0%	0.0x

Methodology and data notes