Netweb Technologies India Limited (NETWEB)
₹4,335.80 -5.60% last close, 23 Oct
Snapshot
Netweb Technologies India Limited closed at ₹4,335.80 on 23 Oct 2026, 5.3% above its 200-day average, with an RSI(14) of 34.6. On the daily chart it is in a weak downtrend, with a technical score of 36/100 (bearish). Data as of 23 Oct 2026.
Price
- Price
- ₹4,335.80
- Day change
- -5.60%
- Market Cap
- ₹25,775 Cr
- 52-week range
- ₹2,920.00 – ₹5,813.00
- From 52-week high
- -25.41%
Financials
Q2 FY27 results are in: the Financials tab has the new figures.
Technicals23 Oct 2026
- Trend
- Weak Downtrend
- Technical score
- 36/100 · Bearish
- MACD
- Bearish
- RSI (14)
- 34.62
- ADX (14)
- 15.23
- SuperTrend
- Bearish
- vs 20-day SMA
- -7.63%
- vs 50-day SMA
- -11.85%
- vs 200-day SMA
- +5.29%
- RS rating
- 81.00
- Nearest support
- ₹4,280.00
- Nearest resistance
- ₹4,905.00
Exchange activity23 Oct 2026
- Delivery
- 29.04% vs 21.99% average
- Volume vs its average
- 1.7×
Events
- Latest results
- Q2 FY27, filed 24 Oct 2026
Exchange data. Each figure as its own page shows it; the dates are the data's. Information only, not investment advice.
📈 Share price & events
Q2 FY27 results
Netweb Technologies India Limited reported Q2 FY27 results on 24 Oct 2026: revenue ₹1,323 Cr (+427.1% year on year, +61.4% on the previous quarter), and net profit ₹137 Cr (+240.0% year on year); the operating margin was 14.9%.
| Q2 FY27 (₹ Cr) | Value | YoY vs Q2 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹1,323 | +427.1% | +61.4% |
| Operating profit | ₹197 | +265.3% | +63.7% |
| Net profit | ₹137 | +240.0% | +60.2% |
| EPS (₹) | 23.54 | +229.2% | +57.1% |
| Operating margin | 14.9% | — | — |
- Profit +70% above its own trend
- Operating margin contracted 660 bps YoY
Quality of profit: of pre-tax profit of ₹183 Cr, ₹170 Cr (93%) came from the core business and the rest from other income and one-off items. Core profit (operating profit less interest and depreciation) moved +237.4% year on year.
Against its own trend: net profit of ₹137 Cr was +70.0% against the ₹80.4 Cr its recent growth pointed to (above trend). This is a statistical baseline, not an analyst estimate.
NETWEB delivery percentage
NSE end-of-day data for
On Fri, 23 Oct 2026, 29.04% of the NETWEB shares traded on NSE were taken to delivery, against the stock's own 20-session average of 21.99%. The price fell 5.60% on that unusually high delivery, the pattern the delivery dashboard labels distribution.
Delivery in the last 5 sessions: 16.7% · 15.3% · 25.4% · 24.4% · 29.0%
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
Netweb Technologies India Limited has submitted its investor strategy presentation covering unaudited financial results for the quarter and half-year ended September 30, 2026. The presentation highlights the company's positioning as an Indian OEM in High-end Computing Solutions (HCS) and Gen AI GPU systems with 18 registered and applied patents and designs. It outlines execution frameworks across its confirmed order book, L1 tender pipeline, and active business pursuits. With the company trading at a P/E of 91.3 and TTM revenue of Rs 2,650 Cr, presentations serve to detail operational traction in high-performance computing.
- Published investor presentation for Q2 and H1 ended September 30, 2026
- Holds 18 registered and applied patents and designs in HCS and AI infrastructure
- Outlines business funnel segmented by confirmed Order Book, L1 tenders, and active Pipeline
- Collaborates with marquee technology partners including Nvidia, AMD, Intel, Samsung, and Vertiv
Netweb Technologies reported strong growth for Q2 FY27, with Revenue from Operations surging 335.7% YoY to ₹13,233 Mn (₹1,323.3 Cr). Operating EBITDA jumped 334.0% YoY to ₹1,973 Mn with a 14.9% margin, while PAT rose 334.8% YoY to ₹1,367 Mn. For H1 FY27, PAT reached ₹2,220 Mn, already exceeding the full-year FY26 PAT of ₹2,058 Mn. Growth continues to be anchored by surging demand in AI Systems and High-Performance Computing infrastructure.
- Q2 FY27 Revenue from Operations rose 335.7% YoY to ₹13,233 Mn
- Operating EBITDA grew 334.0% YoY to ₹1,973 Mn, holding steady at a 14.9% margin
- PAT surged 334.8% YoY to ₹1,367 Mn with a net margin of 10.2%
- H1 FY27 PAT touched ₹2,220 Mn, surpassing full-year FY26 PAT of ₹2,058 Mn
- Cash conversion cycle widened to 94 days as of Sep 2026, driven by higher inventory days of 117
Netweb Technologies reported strong Q2 FY27 (quarter ended September 30, 2026) results with revenue from operations surging to ₹1,323.28 Cr, up from ₹251.06 Cr in Q2 FY26. Net profit for the quarter rose sharply to ₹133.68 Cr compared to ₹40.19 Cr in the year-ago period, driven by execution of large orders. Basic EPS for the quarter stood at ₹23.54 versus ₹7.15 in Q2 FY26. Additionally, the Board approved the incorporation of a 100% wholly-owned subsidiary in Taiwan to expand operational capabilities.
- Revenue from operations grew to ₹1,323.28 Cr in Q2 FY27 compared to ₹251.06 Cr in Q2 FY26
- Net profit for Q2 FY27 stood at ₹133.68 Cr against ₹40.19 Cr in Q2 FY26
- Basic EPS for Q2 FY27 reached ₹23.54 up from ₹7.15 in the prior-year period
- H1 FY27 revenue reached ₹2,142.97 Cr, already approaching full-year FY26 revenue of ₹2,131.05 Cr
- Board approved incorporation of a 100% wholly-owned subsidiary in Taiwan (cash consideration)
Netweb Technologies has submitted voting results and the scrutinizer's report for its 27th AGM held on September 19, 2026. Shareholders approved all 8 agenda items with overwhelming majority, including the adoption of FY26 financial statements and a final dividend of ₹3.00 per share (150% of face value). Special resolutions approving profit commissions for FY26 to Managing Director Sanjay Lodha and Whole-Time Directors Navin Lodha, Vivek Lodha, and Niraj Lodha were also passed with over 99.9% approval. Overall voting participation stood at approximately 77.6% of outstanding equity shares.
- Final dividend of ₹3.00 per equity share (150% of face value) formally approved by shareholders
- All 8 resolutions passed with requisite majority, with overall voter turnout of ~77.57% (46.11 mn shares polled out of 59.45 mn)
- Re-appointment of Director Navin Lodha passed with 98.12% votes in favor despite 5.81 lakh public institution dissent votes
- Special resolutions for FY26 profit commissions to MD Sanjay Lodha and WTDs approved with over 99.9% of votes polled in favor
Netweb Technologies India Limited concluded its 27th Annual General Meeting on September 19, 2026, conducted via video conferencing. The resolutions tabled included the adoption of FY26 financial statements, declaration of a final dividend of Rs 3.00 per share (150% of face value), and payment of commission on profits to executive directors. Scrutinizer voting results under Regulation 44(3) will be submitted on or before September 21, 2026. A total of 120 members attended the virtual AGM against a total shareholder base of 2,63,559 as on the record date.
- 27th AGM convened on September 19, 2026, starting at 3:00 PM and concluding at 4:30 PM
- Final dividend of Rs 3.00 per equity share (150% face value) put forward for shareholder approval
- Total members stood at 2,63,559 as on record date September 11, 2026
- Special resolutions presented for profit commission payments to 4 executive directors for FY26
Netweb Technologies India Limited has informed the exchanges that its senior management will participate in an in-person meeting with an institutional investor on September 25, 2026. The meeting will take place at the company's registered office in Faridabad, Haryana. The company confirmed that discussions will be restricted to publicly available information, with no unpublished price-sensitive information (UPSI) being shared. Given the procedural nature of the intimation, there is no direct financial impact.
- Meeting scheduled for September 25, 2026
- In-person mode at the company's registered office in Faridabad, Haryana
- No unpublished price-sensitive information (UPSI) to be shared
Netweb Technologies has allotted 1,645 equity shares of face value Rs. 2 each pursuant to the exercise of employee stock options under its Netweb Employee Stock Option Plan 2023. The exercise was conducted at a price of Rs. 2 per share, realizing a total of Rs. 3,290. Following this allotment, the company's total issued share count increased slightly from 5,94,45,906 shares to 5,94,47,551 shares.
- Allotment of 1,645 equity shares of face value Rs. 2 each under ESOP 2023
- Options exercised at a strike price of Rs. 2 per share, raising Rs. 3,290
- Post-allotment share capital increased to Rs. 11,88,95,102 comprising 5,94,47,551 equity shares
- Total shares covered under the scheme stands at 25,46,199 equity shares
Netweb Technologies India Limited has announced the closure of its Register of Members and Share Transfer Books from September 12, 2026, to September 19, 2026. This book closure is scheduled for conducting the company's 27th Annual General Meeting (AGM). The AGM will take place virtually via Video Conferencing / Other Audio Visual Means on Saturday, September 19, 2026, at 3:00 PM IST. This is a routine administrative compliance filing with no impact on business operations or financials.
- Book closure period set from Saturday, September 12, 2026, to Saturday, September 19, 2026
- 27th Annual General Meeting scheduled for Saturday, September 19, 2026, at 3:00 PM IST
- Meeting to be conducted via Video Conferencing / Other Audio Visual Means under SEBI LODR Regulation 42
Netweb Technologies India Limited has intimated the stock exchanges regarding the physical dispatch of letters containing a weblink and QR code for its 27th Annual General Meeting (AGM) Notice and FY 2025-26 Annual Report. The dispatch was completed on August 28, 2026, pursuant to SEBI LODR Regulation 36(1)(b) for shareholders whose email addresses are not registered with depositories or RTAs. This is a purely procedural compliance announcement with no impact on business operations or financials.
- Dispatched letters on August 28, 2026, to shareholders without registered email IDs
- Notice pertains to the upcoming 27th Annual General Meeting of the company
- Contains access details via weblink and QR code for the FY 2025-26 Annual Report
- Complies with Regulation 36(1)(b) of SEBI Listing Regulations
Netweb Technologies has successfully completed its first equity fundraise post-listing, raising ₹1,200 crore via a Qualified Institutions Placement (QIP). The company allotted 2,505,219 equity shares (face value ₹2) at an issue price of ₹4,790.00 per share to marquee global and domestic institutional investors. The fundraise is substantial, amounting to ~166% of the company's existing net worth (₹723 Cr) and ~45% of TTM revenue (₹2,650 Cr). Net proceeds will be utilized to fund working capital requirements to support execution of its expanding order book and general corporate purposes.
- Successfully raised ₹1,200 crore through a Qualified Institutions Placement (QIP)
- Allotted 2,505,219 equity shares of face value ₹2 each at an issue price of ₹4,790.00 per share
- Proceeds equal ~166% of net worth (₹723 Cr) and ~3.9% of market cap (₹30,968 Cr)
- Attracted marquee institutional investors including Goldman Sachs AM, Nomura AM, Amundi AM, HDFC MF, and ICICI Prudential MF
- Funds allocated to meet working capital requirements for order book execution and general corporate purposes
Netweb Technologies has approved the allotment of 25,05,219 equity shares at an issue price of ₹4,790 per share via Qualified Institutional Placement (QIP), raising ₹1,200 crore. The issue price reflects a 1.96% discount (₹95.90 per share) to the floor price. The fundraise expands equity base by ~4.40% (equity shares increase from 5.69 crore to 5.94 crore), significantly strengthening the company's net worth base of ₹723 crore. Key institutional allottees include ICICI Prudential MF (16.67%), Nomura (13.10%), Goldman Sachs (11.21%), and Edelweiss MF (8.33%).
- Raised ₹1,200.00 crore through the allotment of 25,05,219 equity shares via QIP.
- Issue price fixed at ₹4,790.00 per share (including ₹4,788.00 premium), a 1.96% discount to floor price.
- Paid-up equity share capital increases from ₹11.39 crore (5,69,40,687 shares) to ₹11.89 crore (5,94,45,906 shares).
- Key allottees include ICICI Prudential MF (16.67%), Nomura (13.10%), Goldman Sachs (11.21%), and Think India Opportunities (8.33%).
Netweb Technologies has officially opened its Qualified Institutions Placement (QIP) of equity shares (face value ₹2) on August 17, 2026. The Fund Raising Committee established a floor price of ₹4,885.90 per share, reflecting a ~6.1% discount to the current market price of ₹5,202. The company is authorized to offer a discount of up to 5% on the floor price as per SEBI ICDR regulations. The final issue price and total quantum raised will be determined in consultation with book running lead managers.
- QIP issue opened on August 17, 2026 following postal ballot approval on August 01, 2026
- Floor price fixed at ₹4,885.90 per equity share of face value ₹2
- Company authorized to offer a discount of up to 5% on the SEBI floor price
- Trading window closed for designated persons until 48 hours post issue price determination
Netweb Technologies India Limited has submitted its Unaudited Interim Condensed Financial Statements for the quarter ended June 30, 2026. The financial results along with the Auditor's Review Report were approved by the Board of Directors at its meeting held on August 17, 2026. The statements comply with Indian Accounting Standards (Ind AS) under Section 133 of the Companies Act, 2013. This represents a standard compliance filing for the company.
- Board approved unaudited interim condensed financial statements on August 17, 2026
- Pertains to the reporting period for the quarter ended June 30, 2026
- Accompanied by the Statutory Auditor's Review Report in accordance with Section 133 of Companies Act, 2013
Netweb Technologies has announced a series of in-person, one-to-one meetings with institutional investors and analysts in Hong Kong and Singapore from August 10 to August 12, 2026. These meetings come as the company maintains a high valuation (P/E 125.8) and strong growth momentum, with TTM revenue at Rs 2,131 Cr. The discussions will be limited to publicly available information. This international outreach suggests an effort to diversify the institutional shareholder base following a 106.9% price return over the last 12 months.
- One-to-one meetings scheduled in Hong Kong on August 10, 2026.
- Singapore meetings scheduled for two days on August 11 and August 12, 2026.
- Company is currently managing a strategic order book of Rs 2,184 Cr, which is ~102% of its TTM revenue.
- Promoter holding stands at 66.98% as of March 2026, leaving room for institutional expansion.
Shareholders of Netweb Technologies have overwhelmingly approved a special resolution to raise funds through the issuance of securities in one or more tranches. The resolution received 99.98% support, with 45.5 million total votes polled. While the specific amount to be raised was not disclosed in this voting result document, the approval provides the board with the mandate to proceed with capital infusion. This move aligns with the company's high-growth trajectory, having achieved TTM revenue of Rs 2,131 Cr and managing a strategic order book worth Rs 2,184 Cr.
- 99.98% of total votes (45,497,857) were cast in favor of the fundraise resolution.
- Promoter group cast 38,137,942 votes, representing 100% internal support for the proposal.
- Public institutional support was high at 99.91% with 7,103,373 votes in favor.
- The voting period concluded on August 01, 2026, following a notice issued on July 01, 2026.
- Total number of shareholders as on the June 30, 2026 cut-off date was 2,469,432.
Company profilewritten 14 Dec 2025
Financial Performance
Revenue Growth by Segment
The AI segment demonstrated explosive growth of 160% YoY in H1 FY26, increasing its revenue contribution from 14.7% to 25.4%. Regular business revenue is guided to grow at 35-40% annually. Total revenue from operations in FY25 was INR 11,490.21 million, a 58.7% increase from INR 7,240.75 million in FY24.
Profitability Margins
Gross margin stood at 23.19% in FY25, down from 24.8% in FY24 due to changes in product mix and procurement volumes. Net profit margin was 9.9% in FY25 compared to 10.48% in FY24. H1 FY26 PAT margin improved slightly to 10.2% with a PAT of INR 619 million, up 49.5% YoY.
EBITDA Margin
EBITDA margin was 14.7% in FY25 (INR 1,694.01 million) and improved to 14.9% in H1 FY26 (INR 903.2 million). Management guides for a sustainable EBITDA margin of 13-14% as the company transitions to large-scale strategic orders, which may have slightly lower margins but offer higher scalability.
Capital Expenditure
The company utilized IPO proceeds to fund a new manufacturing facility for server motherboards and printed circuit boards (PCBs). Total equity grew by 25.4% in FY25, supported by a net cash surplus of INR 1,621.3 million, which provides a buffer for future capex without debt dependency.
Credit Rating & Borrowing
CRISIL Ratings assigned a 'Stable' outlook with an interest coverage ratio exceeding 16.5 times in FY24. Total borrowings were reduced to INR 79.49 million in FY25 from INR 95.73 million in FY24, leading to a 34.1% decline in finance costs.
Operational Drivers
Raw Materials
Key raw materials include server motherboards, printed circuit boards (PCBs), and high-end semiconductor components (CPUs/GPUs) sourced from technology partners. These components are critical for building HPC and AI infrastructure.
Import Sources
Not specifically disclosed, but the company relies on global technology leaders like Intel, AMD, and NVIDIA for core compute components.
Key Suppliers
Strategic collaborations are maintained with Intel, AMD, and NVIDIA for the supply of advanced processors and GPUs used in supercomputing and AI systems.
Capacity Expansion
Netweb has established a new facility for the in-house manufacturing of server motherboards and PCBs to enhance vertical integration and reduce dependency on external suppliers. Current unit capacity is not disclosed.
Raw Material Costs
Cost of materials consumed is the primary expense, driving a gross margin of 23.19% in FY25. Inventory levels increased by 94.35% in FY25 to INR values to support the scale-up in business operations and procurement for large orders.
Manufacturing Efficiency
Asset turnover ratio improved significantly to 22.67 times in FY25 from 16.18 times in FY24, reflecting highly efficient utilization of assets to generate increased revenue.
Strategic Growth
Expected Growth Rate
35-40%
Growth Strategy
Growth will be driven by the execution of two large strategic orders worth approximately INR 21,840 million (INR 2,184 Cr), with 1/3rd expected to be executed in FY26. The company is also capitalizing on the 160% YoY growth in the AI segment and its 'Make in India' compliant manufacturing of motherboards and PCBs.
Products & Services
High-Performance Computing (HPC) systems, Private Cloud infrastructure, AI infrastructure, server motherboards, and printed circuit boards (PCBs).
Brand Portfolio
Netweb, Skylus.ai.
New Products/Services
Skylus.ai was launched to revolutionize the AI space and create market traction. The company is also scaling its new motherboard and PCB manufacturing line.
Market Expansion
Targeting the 'AI factory' vision for India by providing sovereign compute capabilities for sensitive sectors like Defence, Telecom, and BFSI.
Market Share & Ranking
Netweb is a prominent player in the Indian HPC and private cloud space, with projects ranked among the Top 500 supercomputers globally.
Strategic Alliances
Intel, AMD, and NVIDIA are key strategic partners for technology updates and component sourcing.
External Factors
Industry Trends
The industry is shifting toward AI-driven infrastructure and sovereign compute. Netweb is positioned as a leader in this shift, with AI revenue contribution rising to 25.4% of the total in H1 FY26.
Competitive Landscape
Netweb operates in a niche high-end compute market, competing on the basis of indigenous manufacturing and specialized HPC/AI project execution.
Competitive Moat
The moat is built on indigenous design capabilities and strategic partnerships with NVIDIA/Intel. This is sustainable because it allows Netweb to meet strict local manufacturing requirements for government contracts that global competitors cannot easily fulfill.
Macro Economic Sensitivity
Highly sensitive to government 'Make in India' policies and national AI initiatives. The AI segment's 160% growth reflects strong sensitivity to the increasing demand for sovereign data processing.
Consumer Behavior
Customers typically follow 3 to 5-year technology replacement cycles, with 70% of the base currently on 3-year cycles.
Geopolitical Risks
Strict import/export laws and data residency requirements in sensitive sectors like Defence and BFSI could impact the procurement of global components or the eligibility for government tenders.
Regulatory & Governance
Industry Regulations
Operations are subject to strict data residency, cybersecurity, and import/export laws, particularly for clients in the Defence, Telecom, and BFSI sectors.
Environmental Compliance
The company complies with ISO standards for environmental management; specific compliance costs are not disclosed.
Risk Analysis
Key Uncertainties
The primary uncertainty is the timely execution of the INR 2,184 Cr strategic order book and the rapid 12-18 month technology obsolescence cycle in the AI industry.
Third Party Dependencies
High dependency on NVIDIA, Intel, and AMD for the supply of critical high-end processors and GPUs.
Technology Obsolescence Risk
Technology cycles are short (12-18 months); Netweb mitigates this through R&D and strategic collaborations to ensure its AI infrastructure remains state-of-the-art.
Credit & Counterparty Risk
Receivable days improved to 117 in September 2025, but the company remains exposed to payment delays from large-scale projects, mitigated by a robust collection system.
