Is the Data Centre sector outperforming NIFTY 500?
The 52-week sector comparison is unavailable. 4 of 5 covered companies currently have positive Mansfield relative strength versus NIFTY 500.
20-quarter listed-company comparison
Data Centre Stocks in India
Data Centre: Black Box Ltd owns the largest revenue base; E2E Networks Ltd has the fastest current growth.
Nifty Data Centre Index — Constituents & Performance
The Data Centre companies below are the listed Indian Data Centre universe this page tracks — the same constituent set people search for as the Nifty Data Centre index. Every figure is equal-weighted across those companies, so one large constituent cannot set the reading. Each number carries its own as-of date.
The sector itself · before any single company
How has Data Centre moved against NIFTY 500?
The line below covers 5.1 years. Over the most recent two of them this sector is 63% ahead of NIFTY 500. Earnings across its companies grew 27% on average over the last four reported quarters. It has been ahead of NIFTY 500 on a rolling three-month view for 24 weeks running.
LEADER · ahead 24w✓Price and the fundamentals both up4 of 5 companies ahead of NIFTY 500 by 5% or more over three months
RS ↑24w · 4/5 >200d (+1) · 4/5 lead (+0) · EPS 4/5↑
Data Centre, equal-weighted, based at 200
NIFTY 500, same base, same start
trailing 12-month earnings per share rising
falling
Strength anatomy
Broad but lateHow much of the sector is participating, how recently, and whether the movers score well.
Together4 of 5 stocks moving
Fresh0 crossed in the last 4 weeks
Backed by scoresmovers score −0 vs the sector average
Down the cap ladder — bar is now, tick is four weeks ago
Large
1/10
Mid
2/20
Small
1/20
Participation is not spreading downward this month; the larger companies are still carrying most of it.
Both lines start at 200 in the same week, so the distance between them is the whole story: the sector line is an equal-weighted index of its 5 companies. The bars underneath are trailing 12-month earnings per share, one bar per reported quarter, each member rebased to 100 at the start and the sector taking the median — so a price line pulling away from flat bars is a re-rating, not earnings. A bar turns red when that figure is lower than the quarter before. Rules are fixed and applied identically everywhere on this site: ahead by 5% or more over three months, or behind by 20% or more over a year while earnings grew 20% or more. Hover any point to read both values and the gap. This is a description of what the numbers did, not advice.
Sector relative strength · before individual stocks
Is Data Centre outperforming NIFTY 500?
The 52-week comparison of Data Centre against NIFTY 500 is not available from the current market series. 4 of 5 covered companies currently beat NIFTY on Mansfield relative strength, so leadership inside the sector is selective. Black Box Ltd is the strongest against the sector itself at +27.6%. Readings are as of 2026-07-19.
—Sector vs NIFTY 500 · 13 weeks
—Sector vs NIFTY 500 · 52 weeks
4/5Stocks leading NIFTY 500
2/5Stocks leading sector
Sector metric: 25.8 as of 2026-07-19 · CONSOLIDATION · falling.
The central tension: the companies with the most scale are not necessarily the companies creating the most change.
Start with scale. Then earnings trajectory. Then business quality. Only after those three agree should price leadership carry much weight.
Bottom line
The 52-week sector comparison is unavailable. 4 of 5 covered companies currently have positive Mansfield relative strength versus NIFTY 500. Black Box Ltd leads with revenue of ₹6,323 crore, based on 5 of 5 comparable companies through Mar 2026. E2E Networks Ltd has the fastest current revenue growth at 100%, across 5 of 5 comparable companies.
Which Data Centre company is largest by revenue?
Black Box Ltd leads with revenue of ₹6,323 crore, based on 5 of 5 comparable companies through Mar 2026.
Which Data Centre company is growing fastest?
E2E Networks Ltd has the fastest current revenue growth at 100%, across 5 of 5 comparable companies.
Which Data Centre company has the strongest 4-Factor Sector Score?
Netweb Technologies India Ltd ranks first at 57/100 with 88.6% evidence confidence. The score prioritizes research; it is not a buy recommendation.
Which Data Centre company has the least gross debt?
Techno Electric & Engineering Company Ltd has the lowest comparable gross debt at ₹72 crore. Black Box Ltd has the highest at ₹1,153 crore.
Which Data Centre company has the lowest comparable PEG?
Techno Electric & Engineering Company Ltd has the lowest comparable Guarded PEG at 0.62, among 5 of 5 companies that pass the metric’s comparability rules.
How much history does this Data Centre comparison include?
The page compares up to 20 reported quarters per company for fundamentals, CAPEX, debt and valuation, ending Jun 2026. Missing observations remain blank rather than being estimated.
How is the 4-Factor Sector Score calculated?
The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral.
Companies
5
complete canonical membership
Combined market value
₹80.8K Cr
Netweb Technologies India Ltd
Revenue growing
5/5
positive TTM year-on-year growth
Beating NIFTY 500
4/5
positive Mansfield relative strength
Global company selection
00 · research priority, made explicit
4-Factor Sector Score
An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment.
Growth & earnings · 35%Capital efficiency · 25%Valuation · 20%Relative strength · 20%
Netweb Technologies India Ltd has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 88.6% evidence confidence.
Black Box Ltd has stronger price confirmation than earnings confirmation; that is a research prompt, not permission to chase.
Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is guarded: positive earnings, positive 5–60% three-year EPS growth, and a positive P/E are required.
1. Netweb Technologies India Ltd · NETWEB
57.0/100 · Mixed-positive evidence · 89% evidence
Exact sum: 26.3 + 15.5 + 4.3 + 10.9 = 57
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
26.3/35Growth & earnings
Revenue 90.1% · PAT 79.8% · OPM change -2 pp
88% evidence
15.5/25Capital efficiency
ROCE 37.5% · debt/equity 0.39×
100% evidence
4.3/20Valuation
P/E 115× · PEG 9.37
65% evidence
10.9/20Relative strength
RS sector 14.1% · RS bench 20% · 1Y 119.8%
100% evidence
2. Anant Raj Ltd · ANANTRAJ
55.4/100 · Mixed-positive evidence · 83% evidence
Exact sum: 22.3 + 14.2 + 11.9 + 7 = 55.4
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
22.3/35Growth & earnings
Revenue 21.9% · PAT 30.8% · OPM change 0 pp
88% evidence
14.2/25Capital efficiency
ROCE 12.1% · debt/equity 0.12×
100% evidence
11.9/20Valuation
P/E 38× · PEG 1.31
65% evidence
7.0/20Relative strength
RS sector -15.5% · RS bench 6.5% · 1Y 0.5%
70% evidence
3. Techno Electric & Engineering Company Ltd · TECHNOE
54.5/100 · Mixed-positive evidence · 87% evidence
Exact sum: 17.3 + 14.7 + 16.6 + 5.9 = 54.5
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
17.3/35Growth & earnings
Revenue 43.3% · PAT 12.1% · OPM change -3 pp
83% evidence
14.7/25Capital efficiency
ROCE 14.8% · debt/equity 0.02×
95% evidence
16.6/20Valuation
P/E 25.7× · PEG 0.62
100% evidence
5.9/20Relative strength
RS sector -13.3% · RS bench -14.6% · 1Y -32.3%
70% evidence
4. E2E Networks Ltd · E2E
53.3/100 · Mixed-positive evidence · 84% evidence
Exact sum: 20.9 + 10.3 + 11.1 + 11 = 53.3
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
20.9/35Growth & earnings
Revenue 100% · PAT -10.2% · OPM change 46 pp
74% evidence
10.3/25Capital efficiency
ROCE 3.6% · debt/equity 0.09×
100% evidence
11.1/20Valuation
P/E 341× · PEG 1.15
65% evidence
11.0/20Relative strength
RS sector -81.1% · RS bench 42% · 1Y -83.2%
100% evidence
5. Black Box Ltd · BBOX
46.1/100 · Mixed-negative evidence · 96% evidence
Exact sum: 9.2 + 13.2 + 4.5 + 19.2 = 46.1
Decision use: Price leads the evidence: RS versus the benchmark is 34.1%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
9.2/35Growth & earnings
Revenue 6% · PAT 6.9% · OPM change 0 pp
88% evidence
13.2/25Capital efficiency
ROCE 22.2% · debt/equity 0.9×
100% evidence
4.5/20Valuation
P/E 50.4× · PEG 2.27
100% evidence
19.2/20Relative strength
RS sector 27.6% · RS bench 34.1% · 1Y 57.3%
100% evidence
01 · compare level, then change
Revenue Scale & Growth Durability
Black Box Ltd has the highest Revenue among the 5 Data Centre companies compared here, at ₹6,323 crore. Techno Electric & Engineering Company Ltd is next at ₹3,251 crore. E2E Networks Ltd has the highest Revenue growth at the 100% top of the scoring scale, so level and change sit with different companies.
What the numbers say: Black Box Ltd is the scale leader at ₹6,323 crore, 94.5% ahead of Techno Electric & Engineering Company Ltd. E2E Networks Ltd's growth is stored at the ≥100% scoring cap; the uncapped TTM change is 131.2% from a ₹367 crore base, with 20 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.
LeaderBlack Box Ltd · ₹6,323 crore
Gap94.5% versus #2 · Techno Electric & Engineering Company Ltd
Persistence4/8 recent comparable periods
Coverage5/5 companies · 92 observations
Investor read: Black Box Ltd is the scale benchmark; E2E Networks Ltd is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.
This conclusion weakens if: Black Box Ltd's growth falls below E2E Networks Ltd's for two consecutive comparable reports while operating margin also compresses.
Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress.
Revenuelargest
1Black Box Ltd BBOX₹6.3K Cr
2Techno Electric & Engineering Company Ltd TECHNOE₹3.3K Cr
3Anant Raj Ltd ANANTRAJ₹2.5K Cr
4Netweb Technologies India Ltd NETWEB₹2.2K Cr
5E2E Networks Ltd E2E₹367 Cr
Revenue growthfastest growers
1E2E Networks Ltd E2E100%
2Netweb Technologies India Ltd NETWEB90%
3Techno Electric & Engineering Company Ltd TECHNOE43%
4Anant Raj Ltd ANANTRAJ22%
5Black Box Ltd BBOX6.0%
Revenue · company comparison
5/5 level · 5/5 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
| Company | Revenue | Revenue growth | Reported |
|---|---|---|---|
| Black Box Ltd BBOX | ₹1.7K Cr | 9.5% | Mar 2026 |
| Techno Electric & Engineering Company Ltd TECHNOE | ₹1.0K Cr | 24% | Mar 2026 |
| Netweb Technologies India Ltd NETWEB | ₹774 Cr | 87% | Mar 2026 |
| Anant Raj Ltd ANANTRAJ | ₹647 Cr | 20% | Mar 2026 |
| E2E Networks Ltd E2E | ₹157 Cr | 336% | Jun 2026 |
Full 20-quarter history · every available company
Revenue · reported quarter history
Anant Raj Ltd · ANANTRAJ
₹86 Cr
₹97 Cr
₹216 Cr
₹159 Cr
₹252 Cr
₹266 Cr
₹280 Cr
₹316 Cr
₹332 Cr
₹392 Cr
₹443 Cr
₹472 Cr
₹513 Cr
₹535 Cr
₹541 Cr
₹592 Cr
₹631 Cr
₹642 Cr
₹647 Cr
—
Black Box Ltd · BBOX
₹1.3K Cr
₹1.4K Cr
₹1.4K Cr
₹1.4K Cr
₹1.6K Cr
₹1.7K Cr
₹1.7K Cr
₹1.6K Cr
₹1.6K Cr
₹1.7K Cr
₹1.5K Cr
₹1.4K Cr
₹1.5K Cr
₹1.5K Cr
₹1.5K Cr
₹1.4K Cr
₹1.6K Cr
₹1.7K Cr
₹1.7K Cr
—
E2E Networks Ltd · E2E
₹13 Cr
₹14 Cr
₹14 Cr
₹15 Cr
₹17 Cr
₹17 Cr
₹18 Cr
₹19 Cr
₹22 Cr
₹24 Cr
₹29 Cr
₹41 Cr
₹48 Cr
₹42 Cr
₹33 Cr
₹36 Cr
₹44 Cr
₹70 Cr
₹96 Cr
₹157 Cr
Netweb Technologies India Ltd · NETWEB
—
—
—
₹69 Cr
₹74 Cr
₹179 Cr
₹123 Cr
₹60 Cr
₹145 Cr
₹253 Cr
₹266 Cr
₹149 Cr
₹251 Cr
₹334 Cr
₹415 Cr
₹301 Cr
₹304 Cr
₹805 Cr
₹774 Cr
—
Techno Electric & Engineering Company Ltd · TECHNOE
₹274 Cr
₹303 Cr
—
₹173 Cr
₹228 Cr
₹185 Cr
₹313 Cr
₹274 Cr
₹462 Cr
₹327 Cr
₹440 Cr
₹375 Cr
₹441 Cr
₹636 Cr
₹816 Cr
₹526 Cr
₹843 Cr
₹872 Cr
₹1.0K Cr
—
Revenue growth · reported quarter history
Anant Raj Ltd · ANANTRAJ
—
—
—
156%
193%
174%
30%
99%
32%
47%
58%
49%
55%
36%
22%
25%
23%
20%
20%
—
Black Box Ltd · BBOX
—
—
—
15%
16%
21%
17%
15%
0.8%
-1.0%
-12%
-9.4%
-4.9%
-9.2%
4.4%
-2.5%
5.9%
11%
9.5%
—
E2E Networks Ltd · E2E
—
—
—
—
31%
21%
26%
30%
27%
42%
67%
112%
120%
74%
14%
-13%
-7.9%
68%
187%
336%
Netweb Technologies India Ltd · NETWEB
—
—
—
—
—
—
—
-13%
96%
41%
116%
148%
73%
32%
56%
102%
21%
141%
87%
—
Techno Electric & Engineering Company Ltd · TECHNOE
—
—
—
-8.5%
-17%
-39%
—
58%
103%
77%
41%
37%
-4.6%
95%
85%
40%
91%
37%
24%
—
02 · compare level, then change
Operating Economics & Margin Trend
E2E Networks Ltd has the highest OPM among the 5 Data Centre companies compared here, at 75%. Anant Raj Ltd is next at 26%. The same company also holds the highest Margin change, at +46 percentage points. 5 of 5 companies report a comparable reading, the latest through Jun 2026.
What the numbers say: E2E Networks Ltd leads both opm at 75% and margin change at +46 percentage points.
LeaderE2E Networks Ltd · 75%
Gap188.5% versus #2 · Anant Raj Ltd
Persistence4/8 recent comparable periods
Coverage5/5 companies · 93 observations
Investor read: E2E Networks Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.
This conclusion weakens if: The next two comparable reports reverse the current margin change signal.
Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth.
OPMhighest
1E2E Networks Ltd E2E75%
2Anant Raj Ltd ANANTRAJ26%
3Techno Electric & Engineering Company Ltd TECHNOE13%
4Netweb Technologies India Ltd NETWEB12%
5Black Box Ltd BBOX9.0%
Margin changefastest expanders
1E2E Networks Ltd E2E+46.0 pp
2Anant Raj Ltd ANANTRAJ0.0 pp
3Black Box Ltd BBOX0.0 pp
4Netweb Technologies India Ltd NETWEB−2.0 pp
5Techno Electric & Engineering Company Ltd TECHNOE−3.0 pp
Operating margin · company comparison
5/5 level · 5/5 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
| Company | OPM | Margin change | Reported |
|---|---|---|---|
| E2E Networks Ltd E2E | 75% | +46.0 pp | Jun 2026 |
| Anant Raj Ltd ANANTRAJ | 26% | 0.0 pp | Mar 2026 |
| Techno Electric & Engineering Company Ltd TECHNOE | 13% | −3.0 pp | Mar 2026 |
| Netweb Technologies India Ltd NETWEB | 12% | −2.0 pp | Mar 2026 |
| Black Box Ltd BBOX | 9.0% | 0.0 pp | Mar 2026 |
Full 20-quarter history · every available company
OPM · reported quarter history
Anant Raj Ltd · ANANTRAJ
23%
23%
12%
20%
15%
20%
26%
19%
24%
23%
24%
22%
22%
25%
26%
25%
27%
26%
26%
—
Black Box Ltd · BBOX
4.1%
4.9%
5.5%
3.8%
3.0%
4.0%
6.0%
6.0%
6.0%
7.0%
8.0%
8.0%
9.0%
9.0%
9.0%
8.0%
9.0%
9.0%
9.0%
—
E2E Networks Ltd · E2E
42%
49%
45%
48%
50%
50%
51%
53%
52%
47%
52%
66%
66%
59%
40%
29%
41%
57%
61%
75%
Netweb Technologies India Ltd · NETWEB
—
—
—
14%
18%
17%
12%
14%
13%
14%
15%
13%
14%
13%
14%
15%
15%
12%
12%
—
Techno Electric & Engineering Company Ltd · TECHNOE
31%
14%
12%
15%
17%
13%
2.0%
8.0%
17%
17%
12%
14%
16%
14%
16%
18%
13%
14%
13%
—
Margin change · reported quarter history
Anant Raj Ltd · ANANTRAJ
+5.0 pp
+10.1 pp
−6.3 pp
+6.4 pp
−7.6 pp
−3.2 pp
+14.4 pp
−1.1 pp
+8.7 pp
+3.0 pp
−2.0 pp
+3.0 pp
−2.0 pp
+2.0 pp
+2.0 pp
+3.0 pp
+5.0 pp
+1.0 pp
0.0 pp
—
Black Box Ltd · BBOX
−3.8 pp
−2.0 pp
−0.2 pp
−0.7 pp
−1.1 pp
−0.9 pp
+0.5 pp
+2.2 pp
+3.0 pp
+3.0 pp
+2.0 pp
+2.0 pp
+3.0 pp
+2.0 pp
+1.0 pp
0.0 pp
0.0 pp
0.0 pp
0.0 pp
—
E2E Networks Ltd · E2E
+18.5 pp
—
+9.3 pp
+8.0 pp
+8.4 pp
+0.7 pp
+6.4 pp
+4.8 pp
+1.5 pp
−3.0 pp
+0.6 pp
+13.1 pp
+14.5 pp
+12.2 pp
−12.0 pp
−37.0 pp
−25.0 pp
−2.5 pp
+21.2 pp
+46.0 pp
Netweb Technologies India Ltd · NETWEB
—
—
—
—
—
—
—
+0.5 pp
−5.1 pp
−3.0 pp
+3.0 pp
−1.0 pp
+1.0 pp
−1.0 pp
−1.0 pp
+2.0 pp
+1.0 pp
−1.0 pp
−2.0 pp
—
Techno Electric & Engineering Company Ltd · TECHNOE
+1.9 pp
−17.7 pp
+3.3 pp
−13.7 pp
−13.8 pp
−0.6 pp
−10.2 pp
−7.5 pp
−0.4 pp
+4.0 pp
+10.0 pp
+6.0 pp
−1.0 pp
−3.0 pp
+4.0 pp
+4.0 pp
−3.0 pp
0.0 pp
−3.0 pp
—
03 · compare level, then change
Profit Scale & Acceleration
Anant Raj Ltd has the highest Net profit among the 5 Data Centre companies compared here, at ₹557 crore. Techno Electric & Engineering Company Ltd is next at ₹474 crore. Netweb Technologies India Ltd has the highest Profit growth at 79.8%, so level and change sit with different companies.
What the numbers say: Anant Raj Ltd leads with ₹557 crore of TTM profit, 17.5% above Techno Electric & Engineering Company Ltd. Netweb Technologies India Ltd shows 79.8% growth from a ₹205 crore profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.
LeaderAnant Raj Ltd · ₹557 crore
Gap17.5% versus #2 · Techno Electric & Engineering Company Ltd
Persistence8/8 recent comparable periods
Coverage5/5 companies · 92 observations
Investor read: Anant Raj Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.
This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.
Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank.
Net profitlargest
1Anant Raj Ltd ANANTRAJ₹557 Cr
2Techno Electric & Engineering Company Ltd TECHNOE₹474 Cr
3Black Box Ltd BBOX₹218 Cr
4Netweb Technologies India Ltd NETWEB₹205 Cr
5E2E Networks Ltd E2E₹31 Cr
Profit growthfastest growers
1Netweb Technologies India Ltd NETWEB80%
2Anant Raj Ltd ANANTRAJ31%
3Techno Electric & Engineering Company Ltd TECHNOE12%
4Black Box Ltd BBOX6.9%
Net profit · company comparison
5/5 level · 4/5 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
| Company | Net profit | Profit growth | Reported |
|---|---|---|---|
| Anant Raj Ltd ANANTRAJ | ₹149 Cr | 25% | Mar 2026 |
| Techno Electric & Engineering Company Ltd TECHNOE | ₹115 Cr | -15% | Mar 2026 |
| Netweb Technologies India Ltd NETWEB | ₹71 Cr | 65% | Mar 2026 |
| Black Box Ltd BBOX | ₹65 Cr | 8.3% | Mar 2026 |
| E2E Networks Ltd E2E | ₹44 Cr | -56% | Jun 2026 |
Full 20-quarter history · every available company
Net profit · reported quarter history
Anant Raj Ltd · ANANTRAJ
₹14 Cr
₹11 Cr
₹21 Cr
₹24 Cr
₹34 Cr
₹45 Cr
₹48 Cr
₹50 Cr
₹60 Cr
₹71 Cr
₹84 Cr
₹91 Cr
₹106 Cr
₹110 Cr
₹119 Cr
₹126 Cr
₹138 Cr
₹144 Cr
₹149 Cr
—
Black Box Ltd · BBOX
₹11 Cr
₹15 Cr
₹16 Cr
₹15 Cr
₹-23 Cr
₹8 Cr
₹23 Cr
₹24 Cr
₹32 Cr
₹41 Cr
₹41 Cr
₹37 Cr
₹51 Cr
₹56 Cr
₹60 Cr
₹47 Cr
₹56 Cr
₹50 Cr
₹65 Cr
—
E2E Networks Ltd · E2E
₹1 Cr
₹2 Cr
₹2 Cr
₹3 Cr
₹3 Cr
₹2 Cr
₹3 Cr
₹7 Cr
₹6 Cr
₹6 Cr
₹4 Cr
₹10 Cr
₹12 Cr
₹12 Cr
₹14 Cr
₹-3 Cr
₹-13 Cr
₹-6 Cr
₹6 Cr
₹44 Cr
Netweb Technologies India Ltd · NETWEB
—
—
—
₹6 Cr
₹9 Cr
₹22 Cr
₹11 Cr
₹5 Cr
₹15 Cr
₹26 Cr
₹30 Cr
₹15 Cr
₹26 Cr
₹30 Cr
₹43 Cr
₹30 Cr
₹31 Cr
₹73 Cr
₹71 Cr
—
Techno Electric & Engineering Company Ltd · TECHNOE
₹65 Cr
₹115 Cr
—
₹36 Cr
₹59 Cr
₹31 Cr
₹61 Cr
₹25 Cr
₹74 Cr
₹92 Cr
₹78 Cr
₹98 Cr
₹94 Cr
₹96 Cr
₹135 Cr
₹136 Cr
₹104 Cr
₹119 Cr
₹115 Cr
—
Profit growth · reported quarter history
Anant Raj Ltd · ANANTRAJ
—
—
—
243%
143%
309%
129%
108%
76%
58%
75%
82%
77%
55%
42%
38%
30%
31%
25%
—
Black Box Ltd · BBOX
—
—
—
-52%
-309%
-47%
44%
60%
—
413%
78%
54%
59%
37%
46%
27%
9.8%
-11%
8.3%
—
E2E Networks Ltd · E2E
—
—
—
—
200%
9.5%
27%
132%
93%
155%
40%
45%
110%
108%
286%
-130%
-211%
-149%
-56%
—
Netweb Technologies India Ltd · NETWEB
—
—
—
—
—
—
—
-17%
67%
18%
173%
200%
73%
15%
43%
100%
19%
143%
65%
—
Techno Electric & Engineering Company Ltd · TECHNOE
—
—
—
-23%
-9.2%
-73%
—
-31%
25%
197%
28%
292%
27%
4.4%
73%
39%
11%
24%
-15%
—
04 · not available
Capacity Spending & Returns On It
No company in this Data Centre comparison reports capital expenditure on a comparable basis, so there is nothing to rank here — 0 of 5 companies have a usable current reading. The section is shown rather than removed so an unavailable metric is not mistaken for one that was quietly left out. Filings were read through Jun 2026.
CAPEX is cash spent on property, plant, equipment and other reported capital assets. CAPEX intensity divides that spend by revenue; high intensity is a reinvestment signal, not proof that the reinvestment will earn attractive returns.
05 · compare level, then change
Debt Load & Balance-Sheet Headroom
Techno Electric & Engineering Company Ltd has the lowest Gross debt among the 5 Data Centre companies compared here, at ₹72 crore. E2E Networks Ltd is next at ₹159 crore. The same company also holds the lowest Net debt, at ₹2,259 crore net cash. 5 of 5 companies report a comparable reading, the latest through Mar 2026.
What the numbers say: Techno Electric & Engineering Company Ltd has the clearest covered balance-sheet capacity with ₹2,259 crore net cash and gross debt of ₹72 crore. Absolute debt alone does not identify the strongest balance sheet because company scale differs; net debt and debt-to-equity carry more information.
LeaderTechno Electric & Engineering Company Ltd · ₹72 crore
Gap54.7% versus #2 · E2E Networks Ltd
Persistence8/8 recent comparable periods
Coverage5/5 companies · 83 observations
Investor read: Prioritize net-cash capacity and leverage relative to operating scale, not the smallest absolute rupee debt.
This conclusion weakens if: Net debt rises faster than revenue and profit for two consecutive reported periods.
Gross debt shows contractual borrowings. Net debt subtracts reported cash; a negative value means net cash. Lower debt can create capacity, but should be read against the scale and capital intensity of the business.
Gross debtlowest gross debt
1Techno Electric & Engineering Company Ltd TECHNOE₹72 Cr
2E2E Networks Ltd E2E₹159 Cr
3Netweb Technologies India Ltd NETWEB₹282 Cr
4Anant Raj Ltd ANANTRAJ₹681 Cr
5Black Box Ltd BBOX₹1.2K Cr
Net debtlowest net debt
1Techno Electric & Engineering Company Ltd TECHNOE₹-2.3K Cr
2Netweb Technologies India Ltd NETWEB₹-307 Cr
3Anant Raj Ltd ANANTRAJ₹-220 Cr
4E2E Networks Ltd E2E₹-207 Cr
5Black Box Ltd BBOX₹613 Cr
Debt and balance-sheet capacity · company comparison
5/5 level · 5/5 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
| Company | Gross debt | Net debt | Reported |
|---|---|---|---|
| Black Box Ltd BBOX | ₹1.2K Cr | ₹613 Cr | Mar 2026 |
| Anant Raj Ltd ANANTRAJ | ₹681 Cr | ₹-220 Cr | Mar 2026 |
| Netweb Technologies India Ltd NETWEB | ₹282 Cr | ₹-307 Cr | Mar 2026 |
| E2E Networks Ltd E2E | ₹159 Cr | ₹-207 Cr | Jun 2026 |
| Techno Electric & Engineering Company Ltd TECHNOE | ₹72 Cr | ₹-2.3K Cr | Mar 2026 |
Full 20-quarter history · every available company
Gross debt · reported quarter history
Anant Raj Ltd · ANANTRAJ
₹1.7K Cr
₹1.7K Cr
₹1.3K Cr
₹1.3K Cr
₹897 Cr
₹897 Cr
₹1.1K Cr
₹1.1K Cr
₹848 Cr
₹848 Cr
₹627 Cr
₹627 Cr
₹386 Cr
₹386 Cr
₹482 Cr
₹482 Cr
₹563 Cr
₹563 Cr
₹681 Cr
—
Black Box Ltd · BBOX
₹331 Cr
₹331 Cr
₹481 Cr
₹481 Cr
₹632 Cr
₹632 Cr
₹628 Cr
₹628 Cr
₹666 Cr
₹666 Cr
₹712 Cr
₹712 Cr
₹721 Cr
₹721 Cr
₹942 Cr
₹942 Cr
₹1.0K Cr
₹1.0K Cr
₹1.2K Cr
—
E2E Networks Ltd · E2E
—
—
₹2 Cr
₹2 Cr
₹4 Cr
₹4 Cr
₹6 Cr
₹6 Cr
₹23 Cr
₹23 Cr
₹144 Cr
₹144 Cr
₹181 Cr
₹181 Cr
₹73 Cr
₹73 Cr
₹160 Cr
₹160 Cr
₹159 Cr
₹159 Cr
Netweb Technologies India Ltd · NETWEB
—
—
₹34 Cr
₹34 Cr
—
—
₹36 Cr
₹36 Cr
₹13 Cr
₹13 Cr
₹10 Cr
₹10 Cr
₹8 Cr
₹8 Cr
₹8 Cr
₹8 Cr
₹18 Cr
₹18 Cr
₹282 Cr
—
Techno Electric & Engineering Company Ltd · TECHNOE
₹40 Cr
₹40 Cr
₹0 Cr
—
₹20 Cr
₹20 Cr
₹0 Cr
—
—
—
₹0 Cr
—
—
—
₹39 Cr
₹39 Cr
₹61 Cr
₹61 Cr
₹72 Cr
—
Net debt · reported quarter history
Anant Raj Ltd · ANANTRAJ
₹1.6K Cr
₹1.6K Cr
₹1.3K Cr
₹1.3K Cr
₹844 Cr
₹844 Cr
₹1.0K Cr
₹1.0K Cr
₹770 Cr
₹770 Cr
₹322 Cr
₹322 Cr
₹136 Cr
₹136 Cr
₹145 Cr
₹147 Cr
₹186 Cr
₹186 Cr
₹-220 Cr
—
Black Box Ltd · BBOX
₹110 Cr
₹110 Cr
₹179 Cr
₹170 Cr
₹382 Cr
₹382 Cr
₹428 Cr
₹418 Cr
₹466 Cr
₹466 Cr
₹498 Cr
₹489 Cr
₹430 Cr
₹430 Cr
₹728 Cr
₹713 Cr
₹752 Cr
₹752 Cr
₹613 Cr
—
E2E Networks Ltd · E2E
—
—
₹-5 Cr
₹-5 Cr
₹-8 Cr
₹-8 Cr
₹-16 Cr
₹-16 Cr
₹-18 Cr
₹-18 Cr
₹135 Cr
₹135 Cr
₹-237 Cr
₹-237 Cr
₹-1.3K Cr
₹-1.3K Cr
₹-260 Cr
₹-260 Cr
₹-207 Cr
₹-207 Cr
Netweb Technologies India Ltd · NETWEB
—
—
—
₹32 Cr
—
—
₹29 Cr
₹29 Cr
₹-182 Cr
₹-182 Cr
₹-101 Cr
₹-212 Cr
₹-107 Cr
₹-107 Cr
₹-162 Cr
₹-172 Cr
₹-249 Cr
₹-249 Cr
₹-307 Cr
—
Techno Electric & Engineering Company Ltd · TECHNOE
₹-799 Cr
₹-799 Cr
—
—
₹-1.1K Cr
₹-1.1K Cr
—
—
—
—
—
—
—
—
₹-2.9K Cr
₹-2.9K Cr
₹-2.6K Cr
₹-2.6K Cr
₹-2.3K Cr
—
06 · compare level, then change
Return On Capital Employed
Netweb Technologies India Ltd has the highest ROCE among the 5 Data Centre companies compared here, at 37.5%. Black Box Ltd is next at 22.2%. The same company also holds the highest ROCE change, at +9.3 percentage points. 5 of 5 companies report a comparable reading, the latest through Mar 2026.
What the numbers say: Netweb Technologies India Ltd leads ROCE at 37.5%, 15.3 percentage points above Black Box Ltd. Netweb Technologies India Ltd has the strongest latest improvement at +9.3 percentage points. Read the leader beside the density of its reported history: a sparse high return is a candidate; a repeated high return is evidence of durability.
LeaderNetweb Technologies India Ltd · 37.5%
Gap68.9% versus #2 · Black Box Ltd
Persistence6/8 recent comparable periods
Coverage5/5 companies · 72 observations
Investor read: Netweb Technologies India Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.
This conclusion weakens if: The next two comparable reports reverse the current roce change signal.
ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability.
ROCEhighest
1Netweb Technologies India Ltd NETWEB38%
2Black Box Ltd BBOX22%
3Techno Electric & Engineering Company Ltd TECHNOE15%
4Anant Raj Ltd ANANTRAJ12%
5E2E Networks Ltd E2E3.6%
ROCE changefastest improvers
1Netweb Technologies India Ltd NETWEB+9.3 pp
2Techno Electric & Engineering Company Ltd TECHNOE+1.5 pp
3Anant Raj Ltd ANANTRAJ−0.4 pp
4E2E Networks Ltd E2E−2.5 pp
5Black Box Ltd BBOX−7.4 pp
Return on capital · company comparison
5/5 level · 5/5 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
| Company | ROCE | ROCE change | Reported |
|---|---|---|---|
| Netweb Technologies India Ltd NETWEB | 37% | +9.3 pp | Mar 2026 |
| Black Box Ltd BBOX | 17% | −7.4 pp | Mar 2026 |
| Techno Electric & Engineering Company Ltd TECHNOE | 9.6% | +1.5 pp | Mar 2026 |
| Anant Raj Ltd ANANTRAJ | 9.3% | −0.4 pp | Mar 2026 |
| E2E Networks Ltd E2E | 3.6% | −2.5 pp | Jun 2026 |
Full 20-quarter history · every available company
ROCE · reported quarter history
Anant Raj Ltd · ANANTRAJ
1.0%
—
1.6%
—
2.7%
—
4.5%
—
6.2%
8.2%
7.2%
9.4%
8.7%
11%
9.7%
12%
11%
14%
9.3%
—
Black Box Ltd · BBOX
30%
—
22%
—
16%
—
17%
—
24%
27%
26%
29%
28%
28%
25%
25%
20%
22%
17%
—
E2E Networks Ltd · E2E
3.9%
—
14%
—
21%
—
24%
—
28%
45%
16%
33%
7.9%
18%
2.2%
6.1%
-2.3%
-0.1%
-2.4%
3.6%
Netweb Technologies India Ltd · NETWEB
—
—
—
—
—
—
61%
—
18%
21%
22%
45%
26%
33%
27%
37%
31%
46%
37%
—
Techno Electric & Engineering Company Ltd · TECHNOE
10%
—
—
—
5.7%
—
5.7%
—
5.5%
15%
8.9%
18%
5.9%
15%
8.1%
18%
9.3%
16%
9.6%
—
ROCE change · reported quarter history
Anant Raj Ltd · ANANTRAJ
—
—
—
—
+1.7 pp
—
+2.9 pp
—
+3.5 pp
—
+2.7 pp
—
+2.5 pp
+2.9 pp
+2.5 pp
+2.6 pp
+2.7 pp
+2.5 pp
−0.4 pp
—
Black Box Ltd · BBOX
—
—
—
—
−14.6 pp
—
−4.4 pp
—
+8.3 pp
—
+8.2 pp
—
+3.8 pp
+1.1 pp
−0.7 pp
−4.2 pp
−7.6 pp
−5.9 pp
−7.4 pp
—
E2E Networks Ltd · E2E
—
—
—
—
+17.5 pp
—
+9.7 pp
—
+6.6 pp
—
−7.6 pp
—
−20.1 pp
−27.6 pp
−14.1 pp
−27.2 pp
−10.2 pp
−17.8 pp
−4.6 pp
−2.5 pp
Netweb Technologies India Ltd · NETWEB
—
—
—
—
—
—
—
—
—
—
−38.9 pp
—
+7.9 pp
+12.1 pp
+5.2 pp
−8.4 pp
+4.3 pp
+13.1 pp
+9.3 pp
—
Techno Electric & Engineering Company Ltd · TECHNOE
—
—
—
—
−4.7 pp
—
—
—
−0.2 pp
—
+3.2 pp
—
+0.4 pp
−0.3 pp
−0.8 pp
0.0 pp
+3.4 pp
+1.0 pp
+1.5 pp
—
07 · compare level, then change
Valuation Against Growth & Quality
Techno Electric & Engineering Company Ltd has the lowest Guarded PEG among the 5 Data Centre companies compared here, at 0.62×. E2E Networks Ltd is next at 1.15×. The same company also holds the lowest P/E, at 25.7×. 5 of 5 companies report a comparable reading, the latest through Mar 2026.
What the numbers say: Techno Electric & Engineering Company Ltd has the lowest comparable Guarded PEG at 0.62×, 46.1% below E2E Networks Ltd. Only 5 of 5 companies pass the guard, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.
LeaderTechno Electric & Engineering Company Ltd · 0.62×
Gap46.1% versus #2 · E2E Networks Ltd
Persistence0/8 recent comparable periods
Coverage5/5 companies · 30 observations
Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.
This conclusion weakens if: The next two comparable reports reverse the current p/e signal.
PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is recomputed consistently as the trailing P/E divided by that growth rate — reported earnings, never an expected-earnings multiple. On Indian companies it is shown only where the two data sources reconciled. A missing PEG is more honest than a low-base fiction.
Guarded PEGlowest PEG
1Techno Electric & Engineering Company Ltd TECHNOE0.6
2E2E Networks Ltd E2E1.2
3Anant Raj Ltd ANANTRAJ1.3
4Black Box Ltd BBOX2.3
5Netweb Technologies India Ltd NETWEB9.4
P/Elowest P/E
1Techno Electric & Engineering Company Ltd TECHNOE25.7
2Anant Raj Ltd ANANTRAJ38.0
3Black Box Ltd BBOX50.4
4Netweb Technologies India Ltd NETWEB115.0
5E2E Networks Ltd E2E341.0
Valuation · company comparison
5/5 level · 5/5 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
| Company | Guarded PEG | P/E | Reported |
|---|---|---|---|
| Netweb Technologies India Ltd NETWEB | 9.4 | 158.0 | Mar 2026 |
| Black Box Ltd BBOX | 2.3 | 28.9 | Mar 2026 |
| Anant Raj Ltd ANANTRAJ | 1.3 | 28.9 | Mar 2026 |
| E2E Networks Ltd E2E | 1.2 | 255.9 | Jun 2026 |
| Techno Electric & Engineering Company Ltd TECHNOE | 0.6 | 25.6 | Mar 2026 |
Full 20-quarter history · every available company
Guarded PEG · reported quarter history
Anant Raj Ltd · ANANTRAJ
—
—
—
—
—
—
—
—
—
—
—
—
—
—
1.0
0.8
1.0
1.0
1.3
—
Black Box Ltd · BBOX
—
—
—
—
—
—
—
0.7
—
—
—
—
—
—
0.6
0.6
0.7
1.5
2.3
—
E2E Networks Ltd · E2E
—
—
—
—
—
—
1.1
—
—
—
—
2.4
—
—
1.2
—
—
—
—
—
Netweb Technologies India Ltd · NETWEB
—
—
—
—
—
—
—
—
0.3
2.3
—
—
—
—
—
2.1
5.8
9.4
—
—
Techno Electric & Engineering Company Ltd · TECHNOE
0.8
0.8
—
0.2
0.4
0.6
—
—
—
—
0.8
—
—
—
0.7
1.6
1.0
0.9
0.6
—
P/E · reported quarter history
Anant Raj Ltd · ANANTRAJ
77.2
60.4
44.8
27.5
38.8
36.9
30.2
37.6
39.7
46.5
43.5
54.3
80.0
80.3
43.6
44.6
50.6
38.6
28.9
—
Black Box Ltd · BBOX
26.0
28.4
33.6
25.0
30.5
42.2
36.5
35.0
40.9
37.4
22.8
34.2
44.6
49.5
25.4
31.7
30.6
34.4
28.9
—
E2E Networks Ltd · E2E
38.1
30.1
26.8
24.7
30.5
29.4
25.8
16.9
33.2
45.6
59.3
99.9
143.7
156.6
64.6
—
—
—
-265.5
255.9
Netweb Technologies India Ltd · NETWEB
—
—
—
—
—
—
—
—
14.4
26.9
154.7
191.1
166.4
158.8
84.7
101.2
183.6
156.4
158.0
—
Techno Electric & Engineering Company Ltd · TECHNOE
15.3
14.9
10.8
11.1
11.5
16.2
27.7
42.2
54.5
62.3
41.8
61.7
59.2
54.2
35.2
48.4
34.1
28.3
25.6
—
08 · compare level, then change
Enterprise Value & Book Value
Black Box Ltd has the lowest EV/EBITDA among the 5 Data Centre companies compared here, at 16×. Techno Electric & Engineering Company Ltd is next at 19×. Techno Electric & Engineering Company Ltd has the lowest P/BV at 2.78×, so level and change sit with different companies. 5 of 5 companies report a comparable reading, the latest through Mar 2026.
What the numbers say: Black Box Ltd leads ev/ebitda at 16×; Techno Electric & Engineering Company Ltd leads p/bv at 2.78×.
LeaderBlack Box Ltd · 16×
Gap15.8% versus #2 · Techno Electric & Engineering Company Ltd
Persistence0/8 recent comparable periods
Coverage5/5 companies · 87 observations
Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.
This conclusion weakens if: The next two comparable reports reverse the current p/bv signal.
EV/EBITDA includes debt in enterprise value and is useful across different capital structures. P/BV prices the company against its own book. Both are market multiples on reported figures, not intrinsic-value estimates and not forecasts.
EV/EBITDAlowest EV/EBITDA
1Black Box Ltd BBOX16.0
2Techno Electric & Engineering Company Ltd TECHNOE19.0
3Anant Raj Ltd ANANTRAJ23.4
4E2E Networks Ltd E2E52.4
5Netweb Technologies India Ltd NETWEB105.7
P/BVlowest P/BV
1Techno Electric & Engineering Company Ltd TECHNOE2.8
2Anant Raj Ltd ANANTRAJ3.7
3E2E Networks Ltd E2E5.1
4Black Box Ltd BBOX10.7
5Netweb Technologies India Ltd NETWEB32.7
Enterprise and book valuation · company comparison
5/5 level · 5/5 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
| Company | EV/EBITDA | P/BV | Reported |
|---|---|---|---|
| Netweb Technologies India Ltd NETWEB | 105.7 | 31.1 | Mar 2026 |
| E2E Networks Ltd E2E | 52.4 | 5.1 | Jun 2026 |
| Anant Raj Ltd ANANTRAJ | 23.4 | 3.6 | Mar 2026 |
| Techno Electric & Engineering Company Ltd TECHNOE | 19.0 | 3.1 | Mar 2026 |
| Black Box Ltd BBOX | 16.0 | 8.7 | Mar 2026 |
Full 20-quarter history · every available company
EV/EBITDA · reported quarter history
Anant Raj Ltd · ANANTRAJ
52.4
42.7
33.0
24.0
28.8
27.5
25.9
27.6
29.8
33.5
33.6
42.3
60.2
62.9
34.4
36.3
40.5
31.8
23.4
—
Black Box Ltd · BBOX
10.9
9.6
9.5
8.0
9.8
9.7
6.4
8.1
11.0
14.1
9.8
14.0
19.2
22.5
12.7
16.7
17.0
18.6
16.0
—
E2E Networks Ltd · E2E
3.7
6.4
8.4
7.7
10.1
9.3
8.1
6.3
14.9
21.9
28.2
51.1
67.7
85.4
46.6
—
379.3
558.2
85.5
52.4
Netweb Technologies India Ltd · NETWEB
—
—
—
—
—
—
—
—
66.4
82.1
102.8
128.1
109.8
105.8
56.1
66.5
123.1
104.2
105.7
—
Techno Electric & Engineering Company Ltd · TECHNOE
9.8
9.1
7.2
8.2
8.3
11.8
20.5
24.0
29.9
36.2
27.9
48.0
51.0
48.2
28.3
36.8
26.2
20.8
19.0
—
P/BV · reported quarter history
Anant Raj Ltd · ANANTRAJ
0.8
0.9
0.7
0.6
1.1
1.3
1.4
2.0
2.5
3.3
3.5
4.9
6.8
7.4
4.4
5.2
5.6
4.3
3.6
—
Black Box Ltd · BBOX
-18.1
11.2
10.3
10.9
9.1
8.7
5.9
8.4
10.5
13.9
10.8
19.9
17.9
17.0
9.6
17.4
11.1
10.3
8.7
—
E2E Networks Ltd · E2E
2.3
—
4.5
4.8
6.2
6.3
5.2
4.9
9.3
15.2
18.3
35.3
9.3
12.0
1.9
2.4
4.1
2.5
2.5
5.1
Netweb Technologies India Ltd · NETWEB
—
—
—
—
—
—
—
—
12.5
17.9
24.2
34.6
34.0
33.9
18.7
24.1
39.5
30.8
31.1
—
Techno Electric & Engineering Company Ltd · TECHNOE
1.8
1.6
1.6
1.9
1.5
1.9
2.0
2.2
2.8
4.3
4.2
8.7
8.1
5.2
3.3
7.9
4.0
3.2
3.1
—
09 · let price answer last
Market action
Netweb Technologies India Ltd has the strongest one-year price move in Data Centre at +119.8%. E2E Networks Ltd leads on Mansfield relative strength against NIFTY at +42%. 4 of 5 covered companies are above zero on that measure. Every line covers 313 weekly closes through 2026-07-17.
Every price line is indexed to 100 over the chosen window. Mansfield relative strength compares a price ratio with its own 52-week average; zero separates leadership from lagging.
Price and relative strength
Price is rebased to 100 inside the selected window. Pair ratio rebases each selected company against one chosen denominator.
Before the conclusion · check the blind spots
What can make this comparison misleading?
This Data Centre comparison names 5 specific ways its own evidence can mislead, all listed below. All 5 companies here report on comparable dates, so no rank carries a stale marker. 1 of the 8 ranked sections has fewer than three usable current readings. A high growth rate can still be a low-base artefact.
Keep these limits visible
- A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason.
- A high ROCE can be temporary or flattered by a small capital base. Read it beside margin, cash conversion and reinvestment.
- The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed.
- An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
- Thin comparisons: Capital expenditure have fewer than three usable current readings.
10 · the complete set
Which companies are included?
All 5 companies in the canonical Data Centre membership are listed below, largest market value first — nothing is silently dropped, even where a company reports too little to rank. The charts above default to a selective view; this register is the complete set, with each company's own latest reporting date beside it.
AHEAD means the company is beating the index by 5% or more over three months. LAGGING, FUNDAMENTALS UP means it is 20% or more behind over a year while its trailing twelve-month earnings grew 20% or more. Both rules are fixed and applied the same way in every sector.
| Company | Market value | Price | Priced to | Latest fundamentals | Source standing |
|---|---|---|---|---|---|
| Netweb Technologies India Ltd NETWEBAHEAD23/26 WEEKS | ₹23.7K Cr | ₹4,156 | 2026-07-19 | Mar 2026 | Cross-checked |
| Anant Raj Ltd ANANTRAJAHEAD | ₹21.1K Cr | ₹587 | 2026-07-19 | Mar 2026 | Cross-checked |
| Black Box Ltd BBOXAHEAD21/26 WEEKS | ₹13.8K Cr | ₹778 | 2026-07-19 | Mar 2026 | Cross-checked |
| Techno Electric & Engineering Company Ltd TECHNOE | ₹11.5K Cr | ₹992 | 2026-07-19 | Mar 2026 | Cross-checked |
| E2E Networks Ltd E2EAHEAD23/26 WEEKS | ₹10.6K Cr | ₹517 | 2026-07-19 | Jun 2026 | Cross-checked |
How each company's sources stand: Every company's second-feed figures reconcile against the primary source on overlapping reported periods, so nothing here is unverified or withheld.
Evidence and freshness
How was this comparison built?
This comparison is built from the reported filings of 5 Data Centre companies, normalized to a common ₹ scale and a shared quarter axis of up to 20 quarters each. Fundamentals run through Jun 2026 and market data through 2026-07-24. A second data feed fills gaps only after identity and scale reconciliation, and missing observations are never interpolated.
FundamentalsThrough Jun 2026 · up to 20 quarters per company
Market dataThrough 2026-07-24 · weekly price and relative-strength history
Derived metricsGrowth, changes, CAPEX intensity, net debt, guarded PEG and P/BV÷ROE are calculated only when their inputs are comparable.
Score confidenceMissing and stale evidence reduces confidence and pulls the 0–100 research-priority score toward neutral.
Source standing5 cross-checked · 0 unverified · 0 withheld, of 5 graded companies.
A second feed is read only after its reported income is matched against the primary source on at least three overlapping periods. Where the two agree the figures fill silently. Where there is too little shared history to compare, the figures are still drawn — they are the only evidence there is — and marked ⚠ unverified everywhere they appear. Where the two are known to disagree, nothing from the second feed is drawn and the affected company is named under the chart it is missing from. Every company's standing is listed in the register above.
Questions investors ask · short, speakable answers
Data Centre company comparison FAQs
These 18 answers restate the Data Centre comparison above in question form. Every one is computed from the same 5 companies and the same reported filings as the rankings and charts, current through Jun 2026. Price and relative-strength answers run through 2026-07-24. Nothing here is estimated, and none of it is a recommendation.
What is the Nifty Data Centre index?
The Nifty Data Centre index tracks India's listed Data Centre companies as a single basket. This page follows the same 5 companies and equal-weights them, so every company's weekly return counts once whatever it is worth, and the reading belongs to the Data Centre sector rather than to its largest constituent. Figures are as of Jun 2026.
Which are the best Data Centre stocks in India?
Ranked by this page's four-factor score, Netweb Technologies India Ltd places first among 5 listed Data Centre companies, followed by Anant Raj Ltd. That is a ranking of published data — earnings, quality, valuation and market behaviour as of Jun 2026 — and not a recommendation; Sector Alpha is not registered with SEBI as an investment adviser.
How many Data Centre stocks are listed in India?
This comparison covers 5 listed Data Centre companies in India, each above the size floor the site applies, with 20 quarters of reported figures per company where the filings exist. The full ranked list is on this page, as of Jun 2026.
Which Data Centre company is the biggest?
Black Box Ltd is the largest, with trailing-twelve-month revenue of ₹6,323 crore, ahead of Techno Electric & Engineering Company Ltd at ₹3,251 crore. That covers 5 of 5 companies with comparable reporting through Mar 2026.
Which Data Centre company is growing fastest?
E2E Networks Ltd has the fastest revenue growth at 100% year on year, across 5 of 5 comparable companies. Fast growth off a small base is not the same as proven scale — check whether the rate holds across several quarters on the chart above before treating it as a trend.
Which Data Centre company has the best profit margins?
E2E Networks Ltd has the highest operating margin at 75%, from 5 of 5 comparable companies. E2E Networks Ltd shows the biggest recent improvement, at +46 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.
Which Data Centre company makes the most profit?
Anant Raj Ltd earns the most, at ₹557 crore of trailing-twelve-month net profit, from 5 of 5 comparable companies. Netweb Technologies India Ltd has the fastest profit growth at 79.8%, though growth off a small or recovering profit base overstates how much has actually changed.
Which Data Centre company earns the highest return on capital?
Netweb Technologies India Ltd leads on return on capital employed at 37.5%, across 5 of 5 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year.
Which Data Centre stock is the cheapest?
On guarded PEG — where a LOWER number is cheaper — Techno Electric & Engineering Company Ltd screens cheapest at 0.62×. Only 5 of 5 companies pass the comparability guard, so this is not a sector-wide "cheapest stock" verdict. Cheap on a multiple is a reason to investigate, never a reason to buy on its own.
Which Data Centre company has the strongest balance sheet?
Techno Electric & Engineering Company Ltd carries the lowest comparable gross debt at ₹72 crore, from 5 of 5 companies. Absolute rupee debt alone does not settle it, because company scale differs — net debt and debt-to-equity in the chart above carry more information, and a very low-debt balance sheet can also mean under-investment.
Which Data Centre stock has the strongest price momentum?
E2E Networks Ltd has the strongest relative strength against NIFTY 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all.
Which Data Centre company scores highest for research priority?
Netweb Technologies India Ltd scores 57 out of 100 with 88.6% evidence confidence, from 26.3 points on growth and earnings, 15.5 on capital efficiency, 4.3 on valuation and 10.9 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research.
How many Data Centre companies does this comparison cover, and over what period?
It compares 5 listed companies over up to 20 reported quarters of fundamentals and 10 fiscal years of capital allocation, ending Jun 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data.
What is the total market cap of the Data Centre sector?
The 5 Data Centre companies on this page carry ₹80,756 crore of combined market value. Netweb Technologies India Ltd is the largest at ₹23,665 crore, about 29% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-07-29.
What is the Data Centre sector's P/E ratio?
The median price-to-earnings ratio across the 5 Data Centre companies on this page is 50.4×, measured on the 5 that report a comparable figure. A sector-level history for this multiple is not held here, so this is a cross-section of today, not a comparison with the sector’s own past. Figures are as of 2026-07-29.
How is the Data Centre sector performing?
4 of the 5 covered Data Centre companies are beating NIFTY 500 on Mansfield relative strength. A 52-week sector-versus-index comparison is not available from the current market series for this sector, so it is not quoted. Readings are as of 2026-07-29.
Why are some values on this page blank?
A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad.
Is this investment advice?
No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.