As of , Network People Services Technologies Ltd (IT Product Companies) has a deep value score of 59/100 (rated Average). 1Y return vs Nifty 500: -43%.
Based on Q3 FY26 earnings • Updated Apr 18, 2026
What: Country pipeline: 10 to 11 countries
“Now, I have not taken global, where we are currently engaged with discussions almost around 10 to 11 countries. Now, these are all additional upward trends”
What: Revenue per ticket: 8x-9x vs UPI
“we have added PPI through our partner bank and cracked our first use case with an ERP solution provider. We anticipate that this line will start adding revenue”
What: SaaS mix: 40% of revenue
“I would say that almost 40% odd would be subscription and transaction volume based. Now, this will change in next year. It will completely reverse”
What: Bank additions: 10 banks
“To be honest, we might have added nothing less than 10 banks maybe so far, but we are in the very last stage of several deals right now.”
What: Cost optimization: 40%
“Our goal is to, you know, optimize by about at least 40% when we began about two quarters back... It will be much larger than the 40% goal”
Earnings deceleration risks from management commentary
Trigger: The observation relates to disclosure granularity regarding the use of IPO proceeds for operational expenses.
Management view: Management clarified funds were used strictly for office and employee salaries in the ordinary course of business.
Monitor: regulatory
Trigger: AI-based development across the industry may reduce the competitive edge of traditional manpower-heavy delivery.
Management view: Company is adopting an AI policy to improve internal efficiency and delivery per person.
Monitor: labor
Key quotes from recent conference calls
“looking at the funnel that we have, we believe that Q3 is where we will be hitting it. And like I said right now also we are working on that direction [Previous Revenue guidance]”
“We introduced an independent team for international market. We have received really good response for the initial outreach, and we are confident that NPST will be able to scale high [Initiative: International Expansion]”
“That brought lot of confidence in us to pull this out, create an enterprise version and launch a separate revenue stream altogether. So, RegTech for sure will contribute [Initiative: RegTech Enterprise Launch]”
“I don't think this will be anything less than 8x to 9x versus what we have been generating in UPI. So, that's a very big revenue jump per ticket. [Initiative: PPI via ERP Partners]”
Headline numbers from the latest earnings call
Revenue
₹57.17 Cr
Why: Growth was driven by strong execution across payment infrastructure, risk management, and bank-led digital platforms.
Revenue showed a significant recovery from the dip experienced in the previous year's third quarter.
EBITDA
₹18.74 Cr
Why: Operational efficiency remained high despite a shift in business mix toward the Technology Service Provider segment.
EBITDA margins improved sequentially by approximately 50 basis points from Q2's 32.3%.
PAT
₹11.5 Cr
Why: Profitability followed the revenue trajectory with diluted EPS climbing to INR 5.92.
PAT growth was consistent with the 17% sequential revenue increase.
Other Highlights
• Diluted EPS reached ₹5.92, marking 35% QoQ growth.
• Offline payment business grew by 60% on a quarterly basis.
• Monitoring agency flagged ₹3.18 Cr utilized under general corporate purpose as a technical observation.
Sub-sector-specific signals from the latest concall — each with management's stated reason for the change
Annual Recurring Revenue (SaaS/Subscription)
₹22.8 Cr
Why: Calculated as 40% of Q3 revenue based on management's split commentary.
TSP Revenue Contribution
85-90%
Why: The business has shifted heavily toward Technology Service Provider (TSP) solutions for banks.
Offline Payment Revenue Growth
60%
Why: Strong traction in the soundbox and device-as-a-service model.
New Banks Added
10 banks
Why: Expansion into mid-to-small sized banks using the 'Bank-in-a-Box' solution.
PPI Revenue vs UPI
8x-9x
Why: Prepaid instruments carry higher MDR/transaction fees than standard UPI.
Receivable Cycle
60-90 days
Why: The shift to TSP business involves longer billing cycles compared to the previous payment platform model.
Fraud Prediction Accuracy
90%
Why: Two years of R&D in AI-based risk intelligence.
Bank-in-a-Box Implementation
30 days
Why: Standardized hosted solutions allow for faster deployment than traditional turnkey projects.
Forward-looking targets from management for Q4 FY26
Revenue Growth Target
15%
OPM Guidance
29–35%
15% to 20% QoQ growth
REAFFIRMED
Revenue, profit and margin growth rates
| Metric | YoY | 3Y CAGR | Trend |
|---|---|---|---|
| Revenue | +152% | +80% | Inflection Up |
| PAT (Net Profit) | +140% | +80% | Inflection Up |
| OPM | 27.0% | -400 bps | Volatile |
The above analysis is parsed from publicly available earnings call transcripts. This is educational research only — not investment advice. Last updated Apr 18, 2026.
Based on publicly available financial data. This is educational research, not investment advice.
Network People Services Technologies Ltd has a deep value score of 59/100 (rated Average). This score is calculated from three components
Network People Services Technologies Ltd's quarterly profit (PAT) growth trajectory
Network People Services Technologies Ltd is underperforming the market despite improving earnings — this is the core deep value thesis
Network People Services Technologies Ltd's earnings momentum is Decelerating — growth rate is slowing.
Network People Services Technologies Ltd's valuation metrics
Network People Services Technologies Ltd's revenue and margin trends
Network People Services Technologies Ltd's trailing twelve month (TTM) performance
Network People Services Technologies Ltd key facts
Network People Services Technologies Ltd shows limited deep value signals currently — score is 59/100 (Average). Monitor for improvement.
Other deep value stocks in IT Product Companies
IT Product Companies deep value sector overview
Deep value investing studies stocks that are underperforming the market despite showing improving fundamentals. The thesis is that the market has not yet recognized the earnings recovery, creating a potential valuation gap. It requires patience — recovery can take several quarters.
The deep value score (0-100) combines three factors:
- Earnings (0-40 pts): PAT growth across last 3 quarters, acceleration, and consecutive growth - Underperformance (0-35 pts): How much the stock trails Nifty 500 over 1Y, 6M, 3M (deeper underperformance = higher score) - Quality (0-25 pts): Revenue growth, margin trends, and valuation metrics (PEG, P/B)
Higher score indicates a stronger contrarian research signal.
Network People Services Technologies Ltd has 5 key growth catalysts identified from recent earnings analysis
Network People Services Technologies Ltd has 2 key risks worth monitoring
In Q3 FY26, Network People Services Technologies Ltd's management highlighted
The above FAQs are generated from publicly available earnings data. This is educational research only. Sector Alpha is not SEBI registered and does not provide investment advice.
