Netweb Technologies India Limited (NETWEB.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-119.0%

-₹768.76

vs ₹4,042.70 price

Levered DCF

₹565.44

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

9.3

Safe zone

Rating

B-

Overall 3 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	85.37×	74.6×	121.17×	108.77×	227.6×	619.32×	1,182.34×	1,717.74×
P/B	24.29×	16.11×	21.76×	54.49×	115.04×	233.95×	339.64×	438.74×
P/S	8.05×	7.47×	12.7×	11.57×	20.66×	35.75×	29.72×	35.7×
EV / EBITDA	56.84×	49.81×	80.13×	73.79×	147.96×	343.99×	551.3×	700.29×
Gross margin	16.5%	22.8%	24.8%	26.4%	24.5%	25.7%	22.8%	19.2%
Operating margin	12.4%	13.0%	13.4%	15.2%	13.3%	9.1%	4.5%	11.1%
Net margin	9.4%	10.0%	10.5%	10.6%	9.1%	5.8%	2.5%	2.1%
Current ratio	1.44×	2.33×	3.13×	1.51×	1.53×	1.4×	0.48×	1.43×
Debt / equity	0.39×	0.01×	0.02×	0.38×	0.78×	1.4×	1.12×	1.07×
Interest coverage	20.89×	36.41×	15.65×	16.51×	9.05×	3.88×	2.66×	12.12×
Dividend yield	0.1%	0.1%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	6.9%	9.8%	3.4%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	28.5%	21.6%	18.0%	50.1%	50.6%	37.7%	28.6%	25.4%
Return on invested capital	19.9%	20.4%	16.6%	38.3%	30.6%	17.9%	-471.2%	43.8%
Return on assets	9.1%	12.8%	12.4%	17.6%	15.1%	7.5%	7.7%	5.3%
Free cash flow yield	0.9%	-0.5%	-0.0%	0.3%	-0.0%	-0.2%	0.1%	0.1%
Earnings yield	1.2%	1.3%	0.8%	0.9%	0.4%	0.2%	0.1%	0.1%
Enterprise value	₹172.6B	₹83.7B	₹91.2B	₹51.3B	₹51.4B	₹51.3B	₹46.4B	₹46.4B
Net debt / EBITDA	-1.01×	-1.02×	-0.7×	0.41×	0.93×	1.91×	0.43×	1.07×
Cash conversion cycle (days)	121	84	92	77	87	99	28	35