📌 At a Glance:

Netweb Technologies India Ltd scaled revenue 8x in 5 years (₹143 Cr → ₹1,149 Cr) and grew profits 14x from ₹8 Cr to ₹114 Cr. With a solid 14% operating margin, 97.8 P/E ratio, and low debt, this company doesn’t just sell servers — it’s building India’s AI compute backbone. Move over Wipro, this OEM speaks fluent CUDA.

🏢 About the Company

• Name: Netweb Technologies India Ltd (NSE: NETWEB)
• Founded: 1999
• Headquarters: Faridabad, India
• Sector: High-performance computing (HPC), storage, AI clusters, data centers
• Known For:
  • Supercomputers listed 11 times in global Top 500
  • One of the few Indian firms approved for PLI schemes in IT hardware + telecom
  • End-to-end product design to manufacturing = OEM + IP powerhouse

🖥️ “Think HCL meets Nvidia meets Tata Elxsi — but not yet overpriced. Just almost.”

👥 Key Managerial Personnel (KMP)

📊 5-Year Financials Snapshot (FY21–FY25)

🔍 Year-by-Year Debug

🧪 FY21–FY22: Prototype Years

• Revenue under ₹250 Cr
• OPM improved from 10% to 14% as they entered new verticals: telecom, AI infra
• Net profit: modest but doubled

💡 FY23: India Discovers Netweb

• Revenue nearly doubled to ₹445 Cr
• Net profit at ₹47 Cr
• Booked orders from PSUs and government datacenter projects
• “Supercomputing for Bharat” pitch starts getting institutional love

🖥️ FY24: The HPC Gold Rush

• Crossed ₹700 Cr in revenue
• PAT up to ₹76 Cr
• Debuted in major PLI segments (IT hardware + telecom)
• Orders from academic institutions, defence IT labs, AI startups

🚀 FY25: Full-Stack Acceleration

• Revenue: ₹1,149 Cr (+59% YoY)
• Net profit: ₹114 Cr (EPS ₹20.21)
• Debt negligible at ₹8 Cr
• Reserves at ₹519 Cr — cleanest balance sheet among peers

🧠 EduInvesting Take

Netweb is India’s only listed OEM supercomputing + AI infra play with:

• Manufacturing capabilities
• System integration licenses
• Listed supercomputers globally
• PLI benefits in both IT hardware and telecom

Forget “IT services.” This is high-tech infra enablement for India’s AI, cloud, defence, and telecom future.

Oh, and it’s nearly debt-free.

But P/E is 97.8. So either it’s the next Nvidia or next Tanla.

🧮 “If HCL made babies with Nvidia, Netweb would be their teenage overachiever.”

📈 Forward-Looking Fair Value (FV)

Assumptions:

• 40% revenue CAGR
• Stable OPM ~14%
• PAT CAGR 45–50%
• Valuation band of 55–65x P/E in FY27E

🎯 Edu FV Range (FY27E) = ₹2,200 – ₹2,600
(CMP: ₹1,977 as of June 6, 2025)

🔋 Growth Drivers

• Data Localization Boom: Government and AI companies want on-prem clusters
• PLI Approved: Dual-sector eligibility → insane CapEx support
• AI Training Infrastructure: Netweb servers = base layer for India’s LLMs
• Cloud Alternative: Indian B2B companies avoiding AWS are choosing local OEMs

🧨 Risks & Red Flags

• 🤯 Valuation = P/E 97.8. Like buying ChatGPT at peak hype
• 📦 Order Lumps: Lumpy quarterly performance = volatile stock
• 💰 Receivables Risk: Government + PSU clients = slow payments
• 📉 Promoter Holding Dipped 0.36% last quarter

📦 Final Edu Verdict

Netweb’s stock isn’t for the faint-hearted. It’s like an IPO that never came off the stage — high-growth, high-P/E, high-hopes. But in a world where India wants Atmanirbhar Supercomputers, there’s no better OEM bet.

Just don’t buy it for value. Buy it for vision.

✍️ — Prashant Marathe, June 8, 2025

Meta Description (SEO):
Netweb Technologies 5-year recap shows revenue up 8x and profit 14x. India’s only HPC OEM is now a near-zero-debt AI infra powerhouse — with 97x P/E.

Focus Keyword:
Netweb Technologies 5-Year Recap

Tags:
Netweb Technologies, AI server stocks India, IT hardware PLI, HPC OEM India, FY25 Netweb results, AI infra stock, Atmanirbhar tech, EduInvesting 5-Year Recap