This leading Indian origin, owned, and controlled Original Equipment Manufacturer (OEM) in the space of High-end Computing Solutions (HCS) – is worth watching closely.
We’re talking about Netweb Technologies India Limited, engaged in the business of “Computer Server” including transforming storage and computing with innovative Servers, Workstations, Storage, Cloud, HPC, AI and Big Data solutions.
In this article, we’ll take a closer look at the company’s financial performance, order book position, key growth drivers, management guidance, and other key aspects.
With a market cap of Rs. 24,384.39 crores, the shares of Netweb Technologies India Limited closed in green at Rs. 4,304.10 on Monday.The company’s shares were listed on 27th July 2023 on both the BSE and NSE.
In the same year, Netweb Technologies entered into a strategic manufacturing partnership with NVIDIA for NVIDIA Grace CPU Superchip and GH200 Grace Hopper Superchip MGX server designs.
Company Overview
Established in 1999 with manufacturing facilities located in Faridabad, Haryana and 18 offices located across India. Netweb Technologies offers a full stack of products and a solution suite, providing end-to-end capabilities in designing, developing, implementing and integrating high-performance computing solutions. It collaborates with leading global technology partners, including Intel Americas, Inc., AMD, Samsung India Electronics Private Ltd, NVIDIA, and Seagate India Private Ltd.
The company is among the few Original Equipment Manufacturers (OEMs) in India actively participating in both the IT Hardware and Telecom & Networking Production-Linked Incentive (PLI) schemes and has already received its first PLI claim under the IT Hardware PLI 2.0 scheme.
Netweb has installed over 500 supercomputers, 5,000+ AI/GPU systems, and 50+ private cloud and HCI solutions. Three of its supercomputers have featured 15 times in the world’s top 500 rankings, with more than 50 high-performance systems deployed globally.
Its clientele spans government and defence organisations such as the Indian Air Force (IAF), Ministry of Defence, Hindustan Aeronautics Limited (HAL), and RailTel; premier educational institutions like IISc, IIIT, and IIT Madras; BFSI clients including Societe Generale, NPCI, and Graviton; and enterprises such as Infosys, TCS, Nokia, HCL, and many others.
Management Guidance
For FY26, the company targets 35–40 percent revenue growth, having delivered a 40 percent CAGR since listing. Management focuses on long-term guidance, providing forecasts annually and sticking to them.
The company raised its AI revenue share guidance from 20 percent to 22 percent for FY26, citing strong demand. AI’s contribution in the company has grown from 7 percent to 15 percent over the past year, with expectations to reach 22 percent in the coming year.
The company expects an EBITDA margin of around 14 percent, subject to quarterly variations, and a PAT margin in the range of 10–10.5 percent. The improvement in margins observed in Q1 was attributed to a favourable order mix, including smaller-sized deals and a medium-sized AI contract.
Management emphasises that it prefers maintaining stable margins to support market share expansion and deeper customer penetration, rather than aggressively pursuing higher margins in the short term.
Order Book & Growth Drivers
As of June 2025, Netweb Technologies reported an order book of approximately Rs. 230 crores, supported by a robust pipeline of around Rs. 4,142 crores.
The company strengthened its capabilities by commissioning a new SMT-based manufacturing facility in May 2024 and launching AI-native appliances with GPU abstraction via Skylus.ai.
In partnership with NVIDIA, it is developing AI GPU systems based on the NVIDIA Blackwell platform and introduced ‘Make in India’ servers powered by Intel Emerald Rapids and AMD Turin processors.
With growing investments in Generative AI, private cloud adoption, and data centre expansion, Netweb is also planning service networks in Europe and the Middle East. Its expanding portfolio includes Skylus.ai, network switches, on-prem AI cloud solutions, and container platforms for modern workloads.
Financial Performance & Key Ratios
In Q1 FY26, Netweb Technologies reported a consolidated revenue from operations of Rs. 301 crores, a decline of around 27 percent QoQ but a growth of nearly 102 percent YoY.
Similarly, the company’s net profit for the quarter stood at Rs. 30 crores, representing a drop of nearly 30 percent QoQ but an impressive growth of 100 percent YoY.
In terms of financial ratios, Netweb Tech has reported a RoE of 23.9 percent and ROCE of 32.4 percent, with a debt-to-equity ratio of 0.01. Further, the stock is currently trading at a P/E of 136, compared to the industry average of 30.7.
Written by Shivani Singh
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Trade Brains Technologies Private Limited or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
