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Indian maker of high-performance computing systems — servers, supercomputers, AI infrastructure — for domestic data centers.
Indian maker of high-performance computing systems — servers, supercomputers, AI infrastructure — for domestic data centers.
Assembles servers, supercomputers and AI systems in India, mostly for government, research and large enterprise buyers who often purchase through tenders, so orders arrive in large, irregular lumps. Indian procurement rules that favor locally made equipment help it against global brands.
Moat: narrow (customer qualification, process know-how). 'Make in India' server/HPC assembly capability and government relationships, but Dell/HPE and global OEMs dominate globally.
Headquarters: Faridabad, India · Founded: 1999 · Employees: 665
Size Netweb Technologies India (NETWEB.NS) is an India Information Technology company (Computer Peripherals) with a market value of $2.37B, the 340th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹3,771 on 6 Nov 2026.
Performance Over six months the shares fell 12.3%, against -17.0% for the median peer and 0.0% for the India market (cap-weighted) — 9th highest of 21 in its peer set.
Growth Revenue grew 174.9% over the last twelve months (peer median +6.6%); the operating margin is 13.4% (peer median 8.0%).
Valuation It trades at 55.9× forward earnings against a peer median of 16.2× (2nd most expensive of 15).
Price implies For today's price to make sense, revenue must grow about 46% a year for seven years (Req g). Recent delivered growth is +73%, so the hurdle is -26 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 11.0 points above its cost of capital (17.4% WACC).
Next results Next results expected around 26 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹37.2B | ₹21.8B | ₹11.4B | ₹7.24B | ₹4.45B |
| Revenue growth | — | +91% | +58% | +63% | — |
| Gross profit | ₹6.17B | ₹3.60B | ₹1.85B | ₹1.23B | ₹870M |
| EBITDA | ₹5.12B | ₹3.05B | ₹1.54B | ₹1.03B | ₹707M |
| Net income | ₹3.66B | ₹2.06B | ₹1.14B | ₹759M | ₹469M |
| Free cash flow | n/a | ₹1.56B | -₹295M | -₹41.2M | ₹104M |
| Capital expenditure | n/a | ₹120M | ₹255M | ₹195M | ₹133M |
| Total debt | ₹3.33B | ₹2.82B | ₹79.5M | ₹95.7M | ₹356M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Netweb Technologies India NETWEB.NS | $2.37B | -12% | +175% | 13% | 55.9× | 46.1% |
| Dell Technologies DELL | $209B | +26% | +49% | 10% | 11.6× | 10.1% |
| Hewlett Packard Enterprise HPE | $59.4B | +43% | +27% | 8% | 9.6× | 16.2% |
| Supermicro SMCI | $18.9B | -19% | +156% | 9% | 4.8× | n/a |
| Lenovo 0992.HK | $30.8B | +50% | +26% | 5% | 8.2× | -15.0% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | NETWEB.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -19.5% | -10.1% | 5th lowest of 21 |
| 6-month return | -12.3% | -17.0% | 9th highest of 21 |
| Distance from 52-week high | -35.1% | -40.0% | 7th highest of 21 |
| Revenue growth (TTM) | +174.9% | +6.6% | 3rd highest of 21 |
| Operating margin | 13.4% | 8.0% | 6th highest of 21 |
| Forward P/E | 55.9× | 16.2× | 2nd most expensive of 15 |
| Growth the price implies (Req g, 7 yrs) | 46.1% | 13.8% | 2nd most demanding of 9 |
| Growth delivered (Del g) | +72.5% | +8.7% | highest of 9 |
| Hurdle (Req g minus delivered) | -26.5 pp | +0.6 pp | least demanding of 9 |
| ROIC minus cost of capital | +11.0 pp | +12.9 pp | 10th lowest of 21 |
| EV / EBITDA | 42.2× | 8.2× | most expensive of 10 |
| Net debt / EBITDA | -1.6× | -0.4× | 3rd least indebted of 10 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Netweb Technologies India NETWEB.NS | India | $2.37B | -12% | +175% | 13% | 55.9× | 46.1% | +72.5% |
| Kardex KARN.SW | Switzerland | $2.35B | -9% | +3% | 9% | 30.3× | 11.8% | +12.5% |
| Societe Industrielle & Financiere de l'Artois ARTO.PA | France | $2.55B | -26% | -6% | -8% | n/a | n/a | n/a |
| Newland Digital Technology 000997.SZ | China | $2.56B | -14% | +29% | 11% | 16.0× | n/a | n/a |
| Venustech 002439.SZ | China | $2.58B | -9% | 0% | -16% | 169.0× | 19.0% | -8.6% |
| VusionGroup VU.PA | France | $2.61B | +11% | +45% | 10% | 16.5× | n/a | n/a |
| Tianma Microelectronics 000050.SZ | China | $2.05B | -27% | -3% | -1% | 29.5× | -6.2% | +4.4% |
| Innodisk 5289.TWO | Taiwan | $2.76B | -35% | +334% | 49% | 2.5× | n/a | n/a |
| Beijing Dahao Technology 603025.SS | China | $2.04B | -25% | +23% | 29% | n/a | 7.4% | +29.2% |
| Chicony Electronics 2385.TW | Taiwan | $1.96B | -31% | -8% | 7% | 15.4× | -9.6% | +0.1% |
| AURAS Technology 3324.TWO | Taiwan | $2.90B | -10% | +71% | 16% | 15.1× | n/a | n/a |
| Extreme Networks EXTR | United States | $3.15B | 0% | +11% | 6% | 17.2× | 27.3% | +4.9% |
| ADATA Technology 3260.TWO | Taiwan | $3.16B | -33% | +125% | 34% | 4.5× | n/a | n/a |
| Transcend Information 2451.TW | Taiwan | $3.22B | -13% | +286% | 67% | 3.2× | n/a | n/a |
| Micro-Star International 2377.TW | Taiwan | $3.50B | +43% | +1% | 5% | 11.6× | n/a | n/a |
| Hangzhou EZVIZ Network 688475.SS | China | $3.53B | -4% | +8% | 12% | 30.1× | 15.7% | +13.8% |
| Sichuan Changhong Electric 600839.SS | China | $3.55B | -41% | +4% | 0% | n/a | n/a | n/a |
| InfoVision Optoelectronics (Kunshan) 688055.SS | China | $1.56B | -23% | -24% | -19% | n/a | n/a | n/a |
| Nancal Technology 603859.SS | China | $1.49B | -5% | +10% | 12% | 42.5× | n/a | n/a |
| Toyou Feiji Electronics 300302.SZ | China | $1.49B | -24% | +5% | -15% | n/a | n/a | n/a |
| Visionox Technology 002387.SZ | China | $1.35B | -20% | -1% | -35% | n/a | 50.6% | +18.9% |