NPST

Network People Services Technologies Limited

Digital banking infrastructure and payment technology platforms for banks and fintechs

Financial Services›Financial Services›Financial Technology (Fintech)›Financial Technology (Fintech)

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Key metrics

Price as of 2026-10-16

Stock price

₹1843.60

Market cap

3,846 Cr

Stock P/E

75.7

P/B

12.46

Dividend yield

0.1%

ROE (FY26)

10.6%

ROCE (FY26)

12.5%

Operating margin (FY26)

21.3%

Debt / equity (FY26)

0.01

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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What you need to know

NPST (Network People Services Technologies) builds payments, banking-technology and regulatory-technology software for banks and other financial institutions, mainly in India and increasingly overseas.

Company snapshot

8thBy market cap

Ranked among 12 companies in Financial Technology (Fintech).

What we see

Positives

✓Net margin of 20.9% — the business keeps a healthy share of every rupee it earns.

Concerns

✗Operating cash flow is negative even though the company shows a profit — the business may not be generating real cash yet.

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Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

Metric	Mar 2025	Jun 2025	Sept 2025	Dec 2025	Mar 2026	Jun 2026
Sales	26 Cr	34 Cr	47 Cr	53 Cr	62 Cr	56 Cr
Operating expenses (approx.)	18 Cr	24 Cr	33 Cr	38 Cr	49 Cr	43 Cr
EBITDA	9 Cr	10 Cr	14 Cr	14 Cr	13 Cr	14 Cr
OPM %	33.2%	29.2%	29.2%	27.0%	20.9%	24.5%
Other income	2 Cr	1 Cr	2 Cr	5 Cr	6 Cr	5 Cr
Interest	0.18 Cr	0.21 Cr	0.17 Cr	0.19 Cr	0.35 Cr	0.21 Cr
Depreciation	2 Cr	1 Cr	2 Cr	3 Cr	3 Cr	4 Cr
Profit before tax	8 Cr	10 Cr	13 Cr	16 Cr	16 Cr	14 Cr
Tax %	27.3%	25.6%	27.0%	27.8%	23.2%	23.7%
Net profit	6 Cr	7 Cr	10 Cr	12 Cr	12 Cr	11 Cr
EPS (₹)	₹3.10	₹3.71	₹5.00	₹5.92	₹6.17	₹5.26

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

Metric	Mar 2019	Mar 2020	Mar 2021	Mar 2025	Mar 2026	TTM
Sales	18 Cr	15 Cr	15 Cr	173 Cr	195 Cr	Sign in free for the trailing twelve months
Operating expenses (approx.)	15 Cr	13 Cr	12 Cr	113 Cr	144 Cr	Sign in free for the trailing twelve months
EBITDA	3 Cr	2 Cr	3 Cr	60 Cr	51 Cr	Sign in free for the trailing twelve months
OPM %	16.6%	14.7%	19.2%	34.7%	26.0%	Sign in free for the trailing twelve months
Other income	0.01 Cr	0.06 Cr	0.04 Cr	7 Cr	14 Cr	Sign in free for the trailing twelve months
Interest	0.0050 Cr	0.0063 Cr	0.05 Cr	0.34 Cr	0.91 Cr	Sign in free for the trailing twelve months
Depreciation	1 Cr	0.86 Cr	2 Cr	7 Cr	9 Cr	Sign in free for the trailing twelve months
Profit before tax	2 Cr	1 Cr	1 Cr	60 Cr	55 Cr	Sign in free for the trailing twelve months
Tax %	27.9%	26.6%	25.2%	25.1%	25.9%	Sign in free for the trailing twelve months
Net profit	1 Cr	1 Cr	1 Cr	45 Cr	41 Cr	Sign in free for the trailing twelve months
EPS (₹)	—	—	—	₹23.31	₹20.58	Sign in free for the trailing twelve months
Dividend payout %	—	—	—	0.0%	10.0%	Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

Metric	Mar 2019	Mar 2020	Mar 2021	Mar 2025	Mar 2026
Equity capital	1 Cr	1 Cr	5 Cr	19 Cr	21 Cr
Reserves	4 Cr	5 Cr	2 Cr	84 Cr	420 Cr
Borrowings	—	—	0.38 Cr	10 Cr	6 Cr
Other liabilities	4 Cr	4 Cr	9 Cr	32 Cr	62 Cr
Total liabilities	9 Cr	10 Cr	17 Cr	146 Cr	508 Cr
Fixed assets (net)	0.64 Cr	0.49 Cr	0.79 Cr	5 Cr	7 Cr
CWIP	—	—	—	0.72 Cr	25 Cr
Investments	—	—	—	0.29 Cr	0.77 Cr
Inventories	0.71 Cr	0.35 Cr	0.56 Cr	0.07 Cr	0.88 Cr
Trade receivables	3 Cr	2 Cr	7 Cr	32 Cr	104 Cr
Cash & bank	0.04 Cr	0.34 Cr	0.45 Cr	69 Cr	277 Cr
Other assets	5 Cr	7 Cr	7 Cr	39 Cr	92 Cr
Total assets	9 Cr	10 Cr	17 Cr	146 Cr	508 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

Metric	Mar 2019	Mar 2020	Mar 2021	Mar 2025	Mar 2026
Cash from operating activity	1 Cr	3 Cr	2 Cr	29 Cr	-40 Cr
Cash from investing	-2 Cr	-3 Cr	-3 Cr	8 Cr	253 Cr
Cash from financing	-0.0050 Cr	-0.0063 Cr	0.33 Cr	7 Cr	-4 Cr
Net cash flow	-0.86 Cr	0.30 Cr	0.11 Cr	44 Cr	208 Cr
Free cash flow (OCF − Capex)	-0.87 Cr	0.30 Cr	-0.23 Cr	23 Cr	-40 Cr

Ratios

Metric	Mar 2019	Mar 2020	Mar 2021	Mar 2025	Mar 2026
ROCE %	40.7%	25.2%	20.7%	53.2%	12.5%
ROE %	29.3%	18.4%	15.8%	43.3%	10.6%
Debtor days	51	52	175	67	195
Inventory days	14	8	13	0	2
Days payable	16	28	126	34	70
Cash conversion cycle	49	32	62	33	126
Debt / equity	—	—	0.06	0.09	0.01
Current ratio	1.23	1.02	1.03	3.56	7.41
Net debt / EBITDA	-0.01	-0.15	-0.02	-0.99	-5.37