# Network People Services Technologies share price today (Network People Services Technologies Ltd, NSE: NPST)

> Network People Services Technologies share price today: ₹1,706.00 at the NSE close on 3 November 2026, down 8.1% in a year. Network People Services Technologies (NSE: NPST) is worth ₹3,559 crore, trades at a P/E of 79.8 and has closed between ₹890.60 and ₹1,843.60 over the past 52 weeks. > Network People Services Technologies Ltd's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. NPST · IT Product Companies · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/network-people-services-technologies-ltd

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## Key numbers

- Business trend: Turning around, from the last 12 quarters
- Price: ₹1,706.00 (−8.1% in a year)
- P/E: 79.8× (lower than 55% of the last 5.2 years)
- Revenue (Jun 2026): ₹56.0 Cr (+64.7% on a year ago)
- Profit (Jun 2026): ₹11.0 Cr (+57.1% on a year ago)
- Operating margin: 25.0% (−4.0 points on a year ago)
- ROCE: 20%, FY26
- ROIC: 22.6%, against a 12.0% cost of capital: +10.6 points

The main question: profits are rising, but only 31% of the last 3 years' profit came in as cash from operations. The gap between reported profit and actual cash is the thing to watch. ## What is the Network People Services Technologies share price today? Network People Services Technologies Ltd's share price was ₹1,706.00 at the close on 3 November 2026. It has been rising for 14 weeks. That is 7.5% above its average price over the last 200 trading days. Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 12 weeks in a row. In the last 52 weeks it traded between ₹891 and ₹1,844, and at that close it sat 86% of the way up from that low. Over the last 5.2 years the share price moved +6,635% while the NIFTY 500 moved +55%, so it is ahead of the index over that whole period. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What changed at Network People Services Technologies this quarter? Two changes stood out: number of shareholders up 107% in a year and operating margin down 4 points on a year earlier. 1. Number of shareholders up 107% in a year 13,384 shareholders in the September 2026 quarter, against 6,471 a year earlier. 2. Operating margin down 4 points on a year earlier 25% in the June 2026 quarter, from 29%. Why: The company said the margin drop came from the mix of domestic, global and RegTech business. Higher-margin global and RegTech work was not yet enough to lift profit. From the earnings call on 12 Aug 2026. ## What are Network People Services Technologies' latest quarterly results? For April to June 2026 (the quarter ended 30 June 2026), Network People Services Technologies reported revenue of ₹56.0 crore, up 64.7% from ₹34.0 crore a year earlier, and a profit of ₹11.0 crore, up 57.1% from ₹7.00 crore. ### Network People Services Technologies results: April to June 2026 against a year earlier

| Measure | April to June 2026 | April to June 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹56.0 crore | ₹34.0 crore | +64.7% |
| Profit | ₹11.0 crore | ₹7.00 crore | +57.1% |
| Earnings per share | ₹5.30 | ₹3.71 | +42.9% |
| Operating margin | 25.0% | 29.0% | −4.0 points |

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter). Network People Services Technologies' management discussed these results on a call held on 12 August 2026; what it said is further down this page. (From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.)

## What is the Network People Services Technologies share price history? Network People Services Technologies closed at ₹1,706.00 on 3 November 2026, down 8.1% from ₹1,856.80 a year earlier (31 October 2025) and up 7,425.4% over five years. Its highest weekly close since August 2021 was ₹3,431.90 on 6 September 2024. ### Network People Services Technologies share price: then and now

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹1,648.30 | +3.5% |
| 1 month ago · 1 Oct 2026 | ₹1,766.50 | −3.4% |
| 6 months ago · 30 Apr 2026 | ₹1,192.85 | +43.0% |
| 1 year ago · 31 Oct 2025 | ₹1,856.80 | −8.1% |
| 3 years ago · 3 Nov 2023 | ₹663.63 | +157.1% |
| 5 years ago · 2 Nov 2021 | ₹22.67 | +7,425.4% |
| Earliest weekly close in our records · 13 Aug 2021 | ₹25.33 | +6,635.1% |
| Highest weekly close since August 2021 · 6 Sep 2024 | ₹3,431.90 | −50.3% |
| Lowest weekly close since August 2021 · 26 Nov 2021 | ₹20.42 | +8,254.6% |
| 52-week high (weekly close) · 16 Oct 2026 | ₹1,843.60 | −7.5% |
| 52-week low (weekly close) · 13 Mar 2026 | ₹890.60 | +91.6% |

Weekly closing prices. Each change is the move from that price to the 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (279 weekly closes from 13 August 2021 to 3 November 2026.)

## What is the latest news on Network People Services Technologies? 3 Nov 2026: Network People Services Technologies closed at ₹1,706.00, up 3.5% on the week and down 3.4% on the month. Our read, 10 Oct 2026: International implementations and bank subscriptions offer a path beyond domestic payment commoditization, but collections and operating profit must validate the revenue recovery. ### Earlier

- 18 Sep 2026: ex-date for a dividend of ₹2 a share. - 12 Aug 2026: Network People Services Technologies held its results call for April to June 2026. Management guided: FY27 revenue ₹320-340 crore at 60-70% growth; 60-70% on a year earlier yearly growth planned over the next 2-3 years, with FY29 revenue tentatively ₹850-900 crore. - Results for April to June 2026: Revenue up 64.7% and profit up 57.1% on a year earlier. ### Our read of the business

April to June 2026: International revenue begins, but profitability expectations fall. (Our read after the April to June 2026 results, written 10 October 2026.)

## What dividend does Network People Services Technologies pay? Network People Services Technologies paid ₹2 a share in regular dividends in the 12 months to 4 November 2026 (1 payment), a yield of 0.12% at the ₹1,706.00 close on 3 November 2026. The last was a dividend of ₹2 a share, ex-date 18 September 2026. ### Network People Services Technologies dividends since 1 April 2021

| Ex-date | Dividend per share | Type |
| --- | --- | --- |
| 18 Sep 2026 | ₹2 | Dividend |
| 12 Sep 2025 | ₹2 | Dividend |

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. The record date is the same day as the ex-date for every payment here. 1 of 5 Of the last 5 financial years, years with an NSE dividend record

Yes. Network People Services Technologies Ltd paid out 10% of its profit as dividends in FY26, and it paid a dividend in 1 of its last 9 reported years. (From the NSE corporate-actions record, read 4 November 2026.)

## What did Network People Services Technologies management say on the latest results call? On the call for April to June 2026, held on 12 August 2026, Network People Services Technologies' management guided: FY27 revenue ₹320-340 crore at 60-70% growth; 60-70% on a year earlier yearly growth planned over the next 2-3 years, with FY29 revenue tentatively ₹850-900 crore. > “We will not wait until next year. We will not deploy the entire fund immediately, but we will start seeing deployment over the next 2 quarters.”
> Deepak Chand Thakur, on the call for April to June 2026

### What management guided

- FY27 operating margin around 30%; profit margin to improve toward approximately 20% by year-end. - International revenue mix around 30% or more by FY28-FY29; consolidated operating margin approximately 35% or higher over the next 2 years. - PPaaS contribution projected at about 5% pending MDR clarity; domestic TSP growth to continue while its share declines. - RegTech subscription launch for small and mid-sized banks planned. Management’s own plans and goals, from our notes of the call. A plan is not a result. Source: [the call transcript](https://files.tijorifinance.com/insight/india/44693/Conference Call/CC-Aug26.pdf). (From the call for April to June 2026, 12 August 2026.)

## What is the future of Network People Services Technologies? What is changing in the business? What is changing at Network People Services Technologies, from the latest results and calls: international implementations, regtech commercialization and bank subscription tenancy. - International implementations. A converted global account moves international expansion from discussion into revenue. ✓ fact
- RegTech commercialization. Customer wins create a cross-sales route for fraud and risk intelligence. ✓ fact
- Bank subscription tenancy. More tenants can spread platform costs, provided subscriptions replace delivery-intensive work. ✓ fact
- AI delivery efficiency. Process automation could reduce incremental employee expense, but savings remain unquantified. ✓ fact

We check 16 kinds of change in every company, such as costs spread over more sales, higher-value products, new orders, new regions or falling debt, against its reported numbers and what management said on its calls. Only changes the numbers back are shown. (Our read after the April to June 2026 results, written 10 October 2026.)

## What could change the Network People Services Technologies story? What are the risks? The thesis breaks if the next annual results still show negative operating cash flow and a prolonged debtor cycle while international and subscription execution fail to improve operating margins. ### Each change stops working if

- International implementations: International implementations stall or require enough delivery expense to eliminate the expected margin premium. - Bank subscription tenancy: Tenant additions require proportional support and customization expense or recurring customers fail to renew. - AI delivery efficiency: Development capitalization or implementation headcount absorbs the apparent productivity savings. ### The main risks

- Receivables-funded growth: Revenue expansion has consumed cash through extended customer credit. ⚠ estimate
- Margin transition and platform monetization: The lower-margin TSP pivot has not yet produced consolidated margin recovery. ⚠ estimate
- Non-operating earnings contribution: Recent profit growth includes income whose economic origin is undisclosed. ⚠ estimate
- Guidance revisions and deal timing: Missed timing promises and lower goals limit reliance on the growth framework. ⚠ estimate

(Our read after the April to June 2026 results, written 10 October 2026.)

## What to watch in Network People Services Technologies' next results? When Network People Services Technologies reports July to September 2026, these are the 4 checks that show whether the story is still on course. First: International revenue contribution and contract conversion - check whether implementation produces sustained mix improvement. - What to check (from the call)
- International revenue contribution and contract conversion - check whether implementation produces sustained mix improvement. - Operating margin recovery - check whether global and RegTech milestones lift profitability toward the annual framework. - Formal MDR guidance from regulators, banks and NPCI - check for PPaaS reactivation or quantified economics. - Preferential-fund deployment - check for disclosed spending on RegTech, AI, payment infrastructure or international access. ## Which stock lists is Network People Services Technologies on? Network People Services Technologies is on 2 of our India lists: Momentum stocks and IT stocks. - [Momentum stocks Market cap cr: 3328.194625](https://www.sectoralpha.in/momentum-stocks-india)
- [IT stocks Market value (₹ crore): 3328.194625](https://www.sectoralpha.in/sectors/it-stocks-india)

## Is Network People Services Technologies profitable? Network People Services Technologies Ltd earned ₹11.0 Cr of net profit in the Jun 2026 quarter, +57.1% on the same quarter a year earlier. That is the 3rd quarter in a row of profit growth. Full-year FY26 profit was ₹41.0 Cr. Over 8 years profit has grown 59.1% a year on average. That is 19.6% of the quarter's revenue. The same quarter a year earlier earned ₹7.0 Cr. For the full year, FY26 profit was ₹41.0 Cr (−8.9% on the year before). Why profit moved: revenue changed +64.7% on a year earlier and the margin moved −4.0 percentage points. Sales did the work while the margin got thinner. On average over the last four quarters, profit changed +73.2% and revenue +81.4%. Profit is growing slower than sales: rising costs are taking part of the growth. FY27-Q1. International revenue begins, but profitability expectations fall

Why-sources: our stock research file (10 October 2026) and the company’s own results for those quarters. ## How much revenue does Network People Services Technologies make, and is it growing? Network People Services Technologies Ltd reported ₹56.0 Cr of revenue in the Jun 2026 quarter, +64.7% on the same quarter a year earlier. That is the 3rd quarter in a row with growth on the year before. Over 8 years it has grown 34.7% a year on average. The last full year, FY26, came in at ₹195 Cr. The last four reported quarters add to ₹218 Cr. FY26 revenue was ₹195 Cr, +12.7% on the year before. Recent pace: the last four quarters grew +81.4% on average, against 34.7% a year over the longer run, so this year is growing faster than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +47.3%, against +16.0% a year over the last 8 quarters (accelerating); profit over the last 12 months grew +28.6%, against +8.8% a year (accelerating). FY27-Q1. International revenue begins, but profitability expectations fall

Why-sources: our stock research file (10 October 2026) and the company’s own results for those quarters. ## How much of every ₹100 of sales does Network People Services Technologies keep? Network People Services Technologies Ltd's operating margin was 25.0% in the Jun 2026 quarter, 4.0 percentage points lower than the same quarter a year ago. Across 9 years it has been between 14.0% and 35.0%. The latest quarter is within that range. Why this happened. Product Mix Change is the mechanism: a shared platform can serve additional banks without repeating a full custom implementation. The existing tenant base is delivered; the larger pipeline and margin goals remain prospective. Tenant growth must improve operating profit after hosting, certification, support and acquisition costs. Why the margin moved: operating margin changed −4.7 percentage points on the year while gross margin changed −17.9 points. So the drop came mostly from the gross margin, which means input costs and prices charged. FY27-Q1. International revenue begins, but profitability expectations fall

Why-sources: our stock research file (10 October 2026) and the company’s own results for those quarters. ## Is Network People Services Technologies' profit turning into cash? Over the last 3 years, 31% of Network People Services Technologies Ltd's reported profit came in as cash from its operations, a gap worth watching. In FY26 its operations used ₹45.0 Cr of cash, against ₹41.0 Cr of profit. After ₹50.0 Cr of spending on assets, free cash was −₹95.0 Cr: it spent more than its operations brought in. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why 31% of profit came in as cash: the cash cycle got 20 days longer between FY21 and FY26, so more of each rupee of profit waits in the business before it arrives. When less than 70% of profit comes in as cash, it is the thing to watch on this page. What to look at next: less of the profit turns into cash than it should, and the cash cycle is 20 days longer. The next section looks at where the cash is stuck. ## Where does Network People Services Technologies' cash go? Network People Services Technologies Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 195 days in FY26, up from 175 days in FY21. It spent ₹68.0 Cr on assets over the last 3 years. Customers take 195 days to pay, and stock sits for 4 days on average. Why this happened. The Geographic TAM Expansion now has an initial delivered outcome. The next contribution depends on customer implementation milestones, not simply signed pipeline. Management expects higher margins internationally, but project completion, local customization and competitive pricing can absorb that benefit. The existing contribution must be separated from further pipeline conversion before forecasting incremental profit. At FY26 sales of ₹195 Cr, each day of that cycle ties up about ₹0.5 Cr, so roughly ₹104 Cr is tied up in the business at any time. FY26: customers took 195 days to pay and stock sat for 4 days, about 0.1 months of sales sitting as stock, for a full cycle of 195 days, longer than FY21's 175. The full loop: cash goes out to suppliers and production on day 0. Stock sits for 4 days. Customers pay about 195 days after that. Suppliers are paid at 153 days. Together that makes the 195-day cycle. Spending on assets: ₹68.0 Cr over the last 3 years, against ₹26.0 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹25.0 Cr (FY26): assets paid for that are not earning yet. In short: cash is getting stuck in the daily cycle, so watch the cycle more than the profit. ## What is Network People Services Technologies' P/E ratio, and how does it compare with its own history? Network People Services Technologies Ltd's P/E is 79.8×, in the middle of its own history: higher than 45% of past readings. Its usual P/E (the middle reading) is 81.4×, over 5.2 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. Why the multiple is where it is: over the past year earnings per share moved −16.0% while the price moved −8.1%. The price did better than earnings, which pushed the multiple up within its own range. Where the price move came from: over 5 years the price moved +137.3% a year; about +107.2% a year came from earnings growth and about +30.1 percentage points from the multiple (the market paying more). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is about average against its own past, so the earnings trend underneath matters more than the multiple. ## Is the Network People Services Technologies business getting better or worse? Network People Services Technologies Ltd's business is turning around. Profit growth has swung from −30.6% at its low to +28.6%, improving for 2 quarters in a row, with ROCE rising at 21.1%. This is based on 12 quarters of 4 measures. Why it matters: a turn in growth is often where a bigger change starts. The lines say a turn is forming, so the question is whether the next quarters confirm it. ## What is the Network People Services Technologies story, and has it been checked? Network People Services Technologies Ltd's story is not scored yet against the checks our research set on 10 October 2026. Where it sits in its own cycle: TROUGH. Still open: The thesis breaks if the next annual results still show negative operating cash flow and a prolonged debtor cycle while international and subscription execution fail to improve operating margins. Our read, 10 October 2026. International implementations and bank subscriptions offer a path beyond domestic payment commoditization, but collections and operating profit must validate the revenue recovery. From the numbers. From the price. Price stage 2, week 14, above its 200-day line, relative strength flat. From the research. International implementations and bank subscriptions offer a path beyond domestic payment commoditization, but collections and operating profit must validate the revenue recovery. Where they disagree. What is proven. International implementations and bank subscriptions offer a path beyond domestic payment commoditization, but collections and operating profit must validate the revenue recovery. What is not proven yet. The thesis breaks if the next annual results still show negative operating cash flow and a prolonged debtor cycle while international and subscription execution fail to improve operating margins. What would change our mind. The thesis breaks if the next annual results still show negative operating cash flow and a prolonged debtor cycle while international and subscription execution fail to improve operating margins. The test written in advance. The thesis breaks if the next annual results still show negative operating cash flow and a prolonged debtor cycle while international and subscription execution fail to improve operating margins. Measured by: the thesis as written as stated by the next result. The test written in advance. Receivables-funded growth. Measured by: Receivables-funded growth Negative annual operating cash flow alongside debtor days remaining above the stated normalization objective. by the next result. The test written in advance. Margin transition and platform monetization. Measured by: Margin transition and platform monetization Operating margins decline again despite revenue growth, or new segments fail to offset domestic platform contraction. by the next result. What the company does. International revenue has begun and RegTech has customer wins, giving the diversification plan operating evidence beyond a pipeline. Reported profit growth overstates the operating improvement because margins remain below earlier levels and non-operating income contributes to recent earnings. What the surface reading misses. The surface reading is: Revenue and profit suggest a continuing recovery. The research reads it further: Operating profit after depreciation is constrained by higher depreciation; revenue growth does not flow proportionately into operating earnings. What the surface reading misses. The surface reading is: Revenue growth and PAT growth imply accelerating profit delivery. The research reads it further: Lower operating margins and higher depreciation reduce the operating earnings benefit; other income fills part of the gap. Lever 10 · New geographies: building. A converted global account moves international expansion from discussion into revenue. What proves it keeps working: International implementations. It stops working if International implementations stall or require enough delivery expense to eliminate the expected margin premium. Lever 11 · More business from existing customers: building. Customer wins create a cross-sales route for fraud and risk intelligence. What proves it keeps working: RegTech commercialization. It stops working if Initial deployments fail to convert into recurring paid contracts or competing products erase the expected pricing premium. Sources: our stock research file (10 October 2026) · quarterly results through Jun 2026 · the company’s own earnings calls. The story check is re-scored every results season; the record below never changes. ## Did Network People Services Technologies management deliver what it promised? What Network People Services Technologies Ltd's management promised, against what actually happened: 4 promises on the record. Read straight from the company’s own earnings calls. A promise that slipped stays on this page after it is met. FY27 Revenue Growth Goal Lowered · 12 August 2026. In May 2026, management planned 70% growth for FY27. In Aug 2026, it recast the goal as 60-70% growth while stating that the guidance was unchanged, without explaining the lower floor. FY29 Revenue Milestone Appears Pulled Forward · 12 August 2026. The May 2026 call placed the INR 850-900 crore revenue goal at the end of FY29. The Aug 2026 call placed the same goal at next year, which would materially accelerate the milestone by roughly two years without explanation. PAT Margin Recovery Goal Reduced · 12 August 2026. In May 2026, management indicated that PAT margins would return to the prior 25% level during the financial year. In Aug 2026, after Q1 PAT margins were described as 17-18%, management endorsed recovery only to approximately 20% by year-end, a material reduction without explanation. Material Deterioration in Expected Debtor Days · 29 May 2026. In the Nov 2025 call, management guided that the working capital cycle following their shift to the TSP business would settle down, explicitly stating their receivable cycle was only 60 to 90 days. However, in the May 2026 call, management accepted a dramatically worsened baseline, agreeing with an analyst that the cycle is now expected to stabilize around 180 days going forward. Every quote above is taken word for word from the company’s own earnings calls. ## How much does Network People Services Technologies earn on its capital? Network People Services Technologies Ltd earned a ROCE of 20% in FY26. That is up from a low of 14% in FY22. Its return on capital used (ROIC) is 10.6 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 21.0% net margin and 0.38× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 21.0% net margin × 0.38× asset turnover × 1.15× leverage (assets divided by equity) ≈ 9.2% on equity. The margin does most of the work; borrowing plays a small part, so this return is earned, not borrowed. The key test, return on capital used minus the cost of capital: 22.6% − 12.0% = +10.6 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. A gap this wide means each rupee put back into the business creates more than a rupee of value. The 22.6% ROIC above is the latest reading, as reported. The yearly chart below shows FY26 at 37.2%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method. ## Does Network People Services Technologies have too much debt? Network People Services Technologies Ltd has total debt of ₹14.0 Cr against shareholder equity of ₹441 Cr as of Jun 2026, so its debt is 0.03× its equity, which is very little. Year by year, that ratio went from 0.00 in FY23 to 0.03 in FY26. So the returns on this page come from the business, not from borrowed money. ## What is the Network People Services Technologies shareholding pattern? Domestic institutions raised their stake in Network People Services Technologies Ltd by 10.4 percentage points over 8 quarters, the biggest change among its owners. Domestic institutions now own 10.4% of the company. Promoters moved −7.1 points over the same period, to 60.5%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Domestic institutions: +10.4 points over 8 quarters, to 10.4%; Promoters: −7.1 points over 8 quarters, to 60.5%; Foreign institutions: +0.1 points over 8 quarters, to 0.3%. Why the owners changed: domestic institutions drove it (+10.4 points), with the other side taken by promoters (−7.1 points). They raised their stake step by step. ## How far is Network People Services Technologies from balance-sheet trouble? For Network People Services Technologies Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does Network People Services Technologies rank in its industry? 50.0 out of 100, rank 4 of 9 in IT Product Companies, with 96% of the evidence available. Network People Services Technologies Ltd scores 50.0 out of 100 against the 9 companies it is compared with in IT Product Companies, ranking 4. Relative strength against the index is 16.4%, and revenue and profit growth are weak. The four parts add up to the total exactly: 15.3 + 12.8 + 1.9 + 20 = 50. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Network People Services Technologies compared with? Network People Services Technologies ranks 4 of 9 IT Product Companies companies on the 4-Factor Sector Score, with 50.0 out of 100. 1. [Oracle Financial Services Software Ltd](https://www.sectoralpha.in/stocks/oracle-financial-services-software-ltd) OFSS · quiet · Most evidence points up · 100% evidence 78.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 32.1/35 · Revenue 28.1% · Profit 50.4% · Operating margin change 7 points · 100% evidence Capital efficiency 22.1/25 · ROCE 45.3% · Operating margin 49% · 100% evidence Valuation 11.5/20 · P/E 24.4× · PEG 0.66 · 100% evidence Relative strength 12.4/20 · Lead over its industry 19.9% · Lead over NIFTY 500 14.1% · 1 year 17.4% · 100% evidence · 6 of 12 weeks ahead Exact sum: 32.1 + 22.1 + 11.5 + 12.4 = 78.1 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 2. [Zaggle Prepaid Ocean Services Ltd](https://www.sectoralpha.in/stocks/zaggle-prepaid-ocean-services-ltd) ZAGGLE · quiet · Evidence leans up · 96% evidence 52.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 22.4/35 · Revenue 44.4% · Profit 35% · Operating margin change -2 points · 88% evidence Capital efficiency 6.9/25 · ROCE 14% · Operating margin 7% · 100% evidence Valuation 19.3/20 · P/E 16× · PEG 0.39 · 100% evidence Relative strength 3.5/20 · Lead over its industry -30.2% · Lead over NIFTY 500 -33.3% · 1 year -58.6% · 100% evidence · 0 of 12 weeks ahead Exact sum: 22.4 + 6.9 + 19.3 + 3.5 = 52.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. [Ramco Systems Ltd](https://www.sectoralpha.in/stocks/ramco-systems-ltd) RAMCOSYS · basing · Evidence leans up · 78% evidence 50.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 18.4/35 · Revenue 10.7% · Profit 100% · Operating margin change -8.2 points · 100% evidence Capital efficiency 14.1/25 · ROCE 19.7% · Operating margin 14.2% · 100% evidence Valuation 7.5/20 · P/E 37.6× · PEG 2.37 · 65% evidence Relative strength 10.2/20 · Lead over its industry n/a · Lead over NIFTY 500 -1.5% · 1 year -18.9% · 25% evidence · 5 of 12 weeks ahead Exact sum: 18.4 + 14.1 + 7.5 + 10.2 = 50.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. Network People Services Technologies Ltd this page NPST · breaking out · Evidence leans up · 96% evidence 50.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 15.3/35 · Revenue 47.3% · Profit 28.6% · Operating margin change -4 points · 88% evidence Capital efficiency 12.8/25 · ROCE 19.7% · Operating margin 25% · 100% evidence Valuation 1.9/20 · P/E 74.8× · PEG 7.3 · 100% evidence Relative strength 20.0/20 · Lead over its industry 22.8% · Lead over NIFTY 500 16.4% · 1 year -13.8% · 100% evidence · 11 of 12 weeks ahead Exact sum: 15.3 + 12.8 + 1.9 + 20 = 50 · What this means: Relative strength against the index is 16.4%, and revenue and profit growth are weak. 5. [Rategain Travel Technologies Ltd](https://www.sectoralpha.in/stocks/rategain-travel-technologies-ltd) RATEGAIN · quiet · Evidence leans down · 96% evidence 49.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 22.9/35 · Revenue 100% · Profit 14.7% · Operating margin change 4 points · 88% evidence Capital efficiency 8.2/25 · ROCE 13.9% · Operating margin 22% · 100% evidence Valuation 5.8/20 · P/E 36.2× · PEG 3.27 · 100% evidence Relative strength 12.4/20 · Lead over its industry 22.5% · Lead over NIFTY 500 16.1% · 1 year 25.2% · 100% evidence · 5 of 12 weeks ahead Exact sum: 22.9 + 8.2 + 5.8 + 12.4 = 49.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. [Accelya Solutions India Ltd](https://www.sectoralpha.in/stocks/accelya-solutions-india-ltd) ACCELYA · quiet · Evidence leans down · 85% evidence 48.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 5.1/35 · Revenue -0.7% · Profit -25.4% · Operating margin change -2 points · 100% evidence Capital efficiency 20.6/25 · ROCE 49% · Operating margin 34% · 100% evidence Valuation 13.7/20 · P/E 13.8× · PEG 1.85 · 100% evidence Relative strength 8.7/20 · Lead over its industry n/a · Lead over NIFTY 500 -17.5% · 1 year -33.2% · 25% evidence · 1 of 12 weeks ahead Exact sum: 5.1 + 20.6 + 13.7 + 8.7 = 48.1 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. 7. [Newgen Software Technologies Ltd](https://www.sectoralpha.in/stocks/newgen-software-technologies-ltd) NEWGEN · quiet · Evidence leans down · 100% evidence 46.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 12.9/35 · Revenue 6.5% · Profit -3% · Operating margin change 0 points · 100% evidence Capital efficiency 18.5/25 · ROCE 25% · Operating margin 26% · 100% evidence Valuation 7.1/20 · P/E 18.1× · PEG 2.85 · 100% evidence Relative strength 8.1/20 · Lead over its industry -13.8% · Lead over NIFTY 500 -18.4% · 1 year -54.7% · 100% evidence · 7 of 12 weeks ahead Exact sum: 12.9 + 18.5 + 7.1 + 8.1 = 46.6 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 8. [Intellect Design Arena Ltd](https://www.sectoralpha.in/stocks/intellect-design-arena-ltd) INTELLECT · quiet · Evidence leans down · 100% evidence 42.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 15.7/35 · Revenue 16.9% · Profit -12.4% · Operating margin change 0 points · 100% evidence Capital efficiency 13.8/25 · ROCE 16% · Operating margin 20% · 100% evidence Valuation 10.7/20 · P/E 19.1× · PEG 2.41 · 100% evidence Relative strength 2.4/20 · Lead over its industry -27.6% · Lead over NIFTY 500 -31.1% · 1 year -55.5% · 100% evidence · 0 of 12 weeks ahead Exact sum: 15.7 + 13.8 + 10.7 + 2.4 = 42.6 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 9. [Nucleus Software Exports Ltd](https://www.sectoralpha.in/stocks/nucleus-software-exports-ltd) NUCLEUS · turning · Most evidence points down · 75% evidence 34.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 5.6/35 · Revenue 1.9% · Profit -37.3% · Operating margin change -4 points · 100% evidence Capital efficiency 9.7/25 · ROCE 16.8% · Operating margin 7% · 100% evidence Valuation 10.5/20 · P/E 15.7× · PEG n/a · 50% evidence Relative strength 9.1/20 · Lead over its industry n/a · Lead over NIFTY 500 -13.8% · 1 year -35.4% · 25% evidence · 0 of 12 weeks ahead Exact sum: 5.6 + 9.7 + 10.5 + 9.1 = 34.9 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [IT Product Companies](https://www.sectoralpha.in/sectors/it-product-companies), all 9 compared on one page. ## Which companies are close to Network People Services Technologies in size? Network People Services Technologies is the 5th largest of 9 IT Product Companies companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Rategain Travel Technologies, Intellect Design Arena and Newgen Software Technologies. Just below it: Zaggle Prepaid Ocean Services, Ramco Systems and Nucleus Software Exports. ### IT Product Companies companies close in size

1. [Rategain Travel Technologies Ltd](https://www.sectoralpha.in/stocks/rategain-travel-technologies-ltd) ₹9,472 crore
2. [Intellect Design Arena Ltd](https://www.sectoralpha.in/stocks/intellect-design-arena-ltd) ₹7,091 crore
3. [Newgen Software Technologies Ltd](https://www.sectoralpha.in/stocks/newgen-software-technologies-ltd) ₹6,305 crore
4. Network People Services Technologies Ltd ₹3,338 crore
5. [Zaggle Prepaid Ocean Services Ltd](https://www.sectoralpha.in/stocks/zaggle-prepaid-ocean-services-ltd) ₹2,073 crore
6. [Ramco Systems Ltd](https://www.sectoralpha.in/stocks/ramco-systems-ltd) ₹1,905 crore
7. [Nucleus Software Exports Ltd](https://www.sectoralpha.in/stocks/nucleus-software-exports-ltd) ₹1,718 crore

[All 9 IT Product Companies companies, largest first](https://www.sectoralpha.in/sectors/it-product-companies#all-companies)

### Companies close in size in other industries

1. [Symphony Ltd](https://www.sectoralpha.in/stocks/symphony-ltd) ₹3,371 crore · Consumer Electronics
2. [Samhi Hotels Ltd](https://www.sectoralpha.in/stocks/samhi-hotels-ltd) ₹3,363 crore · Hotels
3. Network People Services Technologies Ltd ₹3,338 crore
4. [VST Tillers Tractors Ltd](https://www.sectoralpha.in/stocks/vst-tillers-tractors-ltd) ₹3,330 crore · Auto - Tractors
5. [Shukra Pharmaceuticals Ltd](https://www.sectoralpha.in/stocks/shukra-pharmaceuticals-ltd) ₹3,313 crore · Pharma - Others

## What else do people ask about Network People Services Technologies? ### What is Network People Services Technologies's share price today? Network People Services Technologies Ltd's share price is ₹1,706.00, −8.1% over the past year. The whole company is worth ₹3,559 Cr on the market. In the last 52 weeks it traded between ₹891 to ₹1,844; today it is 86% of the way up from the low, 7.5% above its 200-day average (as of 3 November 2026). ### What were Network People Services Technologies's latest quarterly results? Network People Services Technologies Ltd reported revenue of ₹56.0 Cr and net profit of ₹11.0 Cr for the Jun 2026 quarter. Revenue rose 64.7% and profit rose 57.1% compared with a year earlier. Earnings per share were ₹5.30 (as of 3 November 2026). ### What is Network People Services Technologies's market cap? Network People Services Technologies Ltd's market capitalisation is ₹3,559 Cr at a share price of ₹1,706.00. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Network People Services Technologies performing? Network People Services Technologies Ltd's share price has been rising for 14 weeks. In its latest quarter, revenue rose 64.7% and profit rose 57.1% compared with a year earlier. Over the past 13 weeks it has done better than the NIFTY 500, for 12 weeks running (as of 3 November 2026). ### Will Network People Services Technologies's share price go up? This page does not forecast Network People Services Technologies Ltd's share price. What it shows instead: the share price is ₹1,706.00, and it has been rising for 14 weeks. Its P/E of 79.8× is higher than 45% of its own last 5 years (as of 3 November 2026). ### Who owns Network People Services Technologies? Promoters own 60.5% of Network People Services Technologies Ltd, foreign institutions 0.3%, domestic institutions 10.4% and the public 28.8% (latest quarter). The biggest change over the last two years: Domestic institutions raised their stake by 10.4 percentage points over 8 quarters (as of 3 November 2026). ### Does Network People Services Technologies have too much debt? No, Network People Services Technologies Ltd has little debt: its debt is 0.03× its equity, and its operating profit is 51 times its interest bill. FY26 borrowings were ₹14.0 Cr against equity of ₹441 Cr. So the returns on this page come from the business, not borrowed money (as of 3 November 2026). ### Where is Network People Services Technologies in its business cycle? Network People Services Technologies Ltd's FY26 operating margin was 26.0%, against a 9-year range of 14.0% to 35.0%: the middle of its own range, neither a peak nor a low. The latest quarter was 25.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Network People Services Technologies story? The main question: profits are rising, but only 31% of the last 3 years' profit came in as cash from operations. The gap between reported profit and actual cash is the thing to watch. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Network People Services Technologies a stock worth studying right now? What the numbers show: Network People Services Technologies Ltd's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. The main open question: whether the cash starts to follow the profit. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ### Is there a Network People Services Technologies share price forecast for 2026? What management itself guided: FY27 revenue ₹320-340 crore at 60-70% growth; 60-70% on a year earlier yearly growth planned over the next 2-3 years, with FY29 revenue tentatively ₹850-900 crore. What is changing at Network People Services Technologies, from the latest results and calls: international implementations, regtech commercialization and bank subscription tenancy. What would change the story: The thesis breaks if the next annual results still show negative operating cash flow and a prolonged debtor cycle while international and subscription execution fail to improve operating margins. ## Lists

- Momentum stocks: https://www.sectoralpha.in/momentum-stocks-india
- IT stocks: https://www.sectoralpha.in/sectors/it-stocks-india

This is research, not advice. We’re not SEBI-registered.