NPSTFinancial Services

Network People Services Technologies Limited

Financial Technology (Fintech) · ISIN INE0FFK01017 · BSE 544396 · NSE EQ · FV ₹10
Last price
₹1,855
+1.11%today
What this company does

Network People Services Technologies Limited operates in Financial Technology (Fintech), part of the Financial Services sector. It booked ₹56 cr of revenue in its latest quarter (Q1 FY27) and kept 19.6% of sales as profit. It is the 7th largest of 9 Financial Technology (Fintech) companies we track, by market value.

Building the Rails of the Digital Payments Economy Network People Services Technologies Ltd. (also delivers a broad suite of added-value services, including referred to as 'NPST,' 'The Company' or 'We') is a leading online and offline UPI payments, embedded credit, provider of digital infrastructure powering India’s fast- API-led digital banking, retail and B2B bill payments, evolving payments and banking ecosystem.
In the report:
45out of 100
Equitytale Health Score
Mixed

Healthier than 45% of companies in Financial Services, on the 4 of 6 measures we could read for it. Each measure is ranked against the 54–250 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
67

At close. Not part of the score.

Profitability & returns45

How much profit it earns on the money it employs

Cash quality39

Whether reported profit actually arrives as cash

Valuation7

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Not measurable for this company: balance sheet, growth & consistency. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
Strengths
Makes a profit
Strong 20% net margin
Sales up 68% vs last year
Profit up 54% vs last year
Promoters hold 60%
No promoter shares pledged
Virtually debt-free
Watch-outs
! Operating cash flow is negative

What if I invest in NPST?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹1,855 +1.11%
latest close · 2026-09-17
52-wk low ₹49177 sessions so far52-wk high ₹1,934
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio88.2High
LowAverageHigh
P/B ratio8.78High
Below bookModerateHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity10.0%Fair
WeakFairStrong ▸15%
Return on capital13.1%Fair
WeakFairStrong
Net margin19.6%Strong
ThinDecentStrong
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.01Comfortable
LowModerateHigh ▸1
Current ratio7.41Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹3,869 cr
Book value
₹211
EPS
₹5.26
latest quarter
Net debt
Enterprise value
EBITDA
EBIT
Operating margin
Return on assets
8.7%
Earnings yield
1.13%
P/S
17.13
Sales / share
₹108.3
Tax rate
23.7%
Face value
₹10
Shares
2.1 cr
Working capital
₹384 cr
Current assets
₹444 cr
Current liabilities
₹60 cr
Delivery %
43.1%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
The market price is far above what these earnings- and book-based models support — a fast-growing or asset-light business can trade well above them for years, so we won't put a confident number on how overpriced it is.
Models span ₹488₹758, midpoint ₹623

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹56 cr
Other Income₹5 cr
Total Income₹61 cr
Cost of Materials₹0 cr
Purchases of Stock-in-Trade₹0 cr
Inventory Change (±)₹17 cr
Employee Benefit Expense₹10 cr
Finance Costs₹21 L
Depreciation & Amortisation₹4 cr
Other Expenses₹15 cr
Total Expenses₹47 cr
Profit before Tax₹14 cr
Tax Expense₹3 cr
Net Profit₹11 cr
Net margin on total income18.0%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹17 cr28.0%
Employee benefit expense₹10 cr16.5%
Finance costs₹21 L0.3%
Depreciation & amortisation₹4 cr6.7%
Other expenses₹15 cr24.9%
Tax expense₹3 cr5.6%
Profit for the period₹11 cr18.0%
Total income ₹61 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue53 cr62 cr56 cr
Total income57 cr68 cr61 cr
Expenses41 cr53 cr47 cr
Profit before tax16 cr16 cr14 cr
Tax4 cr4 cr3 cr
Net profit (owners' share)12 cr18 cr11 cr
Net margin (owners' share, on revenue)21.9%29.6%19.6%
EPS (₹)5.926.175.26
YoY (latest quarter): total income +75.0% · net profit +53.7%
Balance sheet & cash flow · as of Mar 2026
Debt-free
Total assets
₹508 cr
Shareholder equity
₹440 cr
parent shareholders
Total debt
₹6 cr
Cash
₹277 cr
Cash flow · H1 FY26
Operating
₹-8 cr
Investing
₹-42 cr
Financing
₹297 cr
Peer comparison
Financial Technology (Fintech) · by market value
CompanyPriceMarket capP/E
One 97 Communications Limited₹1,763₹1.13 L cr128.1
PB Fintech Limited₹1,765₹81,667 cr125.0
Pine Labs Limited₹184₹21,287 cr271.3
Seshaasai Technologies Limited₹366₹5,920 cr24.5
AvenuesAI Limited₹16₹5,699 cr17.0
Turtlemint Fintech Solutions Limited₹132₹3,878 cr
Network People Services Technologies Limitedthis company₹1,855₹3,869 cr88.2
One Mobikwik Systems Limited₹199₹1,564 cr51.2
Suvidhaa Infoserve Limited₹2₹46 cr
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
trailing 12 months
Dividend / share (TTM)
Last dividend
₹2
ex 12 Sep 2025
ActionDetailEx-date
Dividend₹2 / share12 Sep 2025
Who owns it · 2026-06-30
No pledge
Promoter
60.5%
FII / Foreign
0.1%
DII / Domestic
10.0%
Retail / others
29.4%
Promoter stake down 7.1% over the last 12 quarters.
Smart-money activity
Insider trades
BoughtASHISH AGGARWAL · Promoter and Director30,491 · ₹4.8 cr25 Jun 26
BoughtDEEPAK CHAND THAKUR · Promoter and Director49,032 · ₹7.8 cr25 Jun 26
BoughtDEEPAK CHAND THAKUR · Promoter and Director1,246 · ₹19.7 L25 Jun 26
Bulk / block deals
SoldMICROCURVES TRADING PRIVATE LIMITED · NSE1.27 L @ ₹1,859.8916 Sep 26
BoughtMICROCURVES TRADING PRIVATE LIMITED · NSE1.27 L @ ₹1,858.516 Sep 26
SoldJUNOMONETA FINSOL PRIVATE LIMITED · NSE1.33 L @ ₹1,847.1616 Sep 26
Stake changes
BoughtTata Small Cap Fund→ 9.49% · 14.46 L5 Sep 25
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Postal ballot · 15 Mar 2026
See the official result
1
TO APPROVE THE AMENDMENT OF “NPST ESOP 2023” POLICY AS PER SEBI (SHARE BASED EMPLOYEE BENEFITS AND SWEAT EQUITY) REGULATION, 2021
Backed by 100% of shareholders other than promotersneeded 75%
27.19 L votes for, 234 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 8 named members
owning 60.5% between them · as of 2026-06-30
Savita Vashist23.70%
Deepak Chand Thakur18.40%
Ashish Aggarwal18.29%
Sudesh Aggarwal0.07%
Kavita Deepak Chand Thakurno shares
Renu Aggarwalno shares
Ruchi Devino shares
Vaibhav Aggarwalno shares
Business done with them
FY2025 · 3 of the group
The company paid ₹7 cr to companies in the promoter group last year — about 3.8% of its ₹173 cr revenue.
Ashish Aggarwal
Other payments to them · Remuneration to KMP & Relatives
also owns 18.29% of the company
₹2 cr
company paid
Deepak Chand Thakur
Other payments to them · Remuneration to KMP & Relatives
also owns 18.40% of the company
₹2 cr
company paid
Savita Vashist
Other payments to them · Remuneration to KMP & Relatives
also owns 23.70% of the company
₹2 cr
company paid

The company also transacted with 5 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

Money it raised, and what it did with it

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

₹300 cr raised in Sep 2025 by selling shares to selected investors

The company has not broken this money down into purposes in its filing for Jun 2026, so there is nothing to measure it against yet. CARE Ratings Limited watches the spending on the exchange’s behalf.

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.