On Wednesday the share price of the small-cap company rose 5 percent to its 52-week high of Rs 2,432.25 per share from its previous close of Rs 2,316.45 after the company announced its issue of bonus share.
According to the filing of Network People Services Technologies Limited, the company board has approved issuing bonus shares in the ratio of 2:1 two new bonus shares for every share held by shareholders. The record date of the bonus is yet to be decided.
Looking at the financials of Network People Services Technologies Limited, net revenue increased by 477 percent year on year, from Rs 9 crore in Q2FY23 to Rs 52 crore in Q2FY24.
Furthermore, the company’s net profit increased by 900 percent year on year, from a net profit of Rs 1 crore in Q2FY23 to a net profit of Rs 10 crore in Q2FY24.
Network People Services Technologies Limited is a small-cap company with a market capitalization of Rs 1,570 Crores. The company has a return on equity of 25 percent, a return on capital employed of 34 percent, and a net profit margin of 16 percent. Also, the company has a low debt-to-equity ratio of 0.01.
The share price of the company has risen 193 percent in the last six months and 1430 percent in a year. For instance, if an investor invested Rs 1 Lakh the current value would be 15.3 Lakhs.
The promoter owns 67.5 percent of the company, 26.6 percent is owned by the general public, 0.02 percent is owned by a foreign institutional investor, and 5.8 percent is owned by domestic institutional investors.
Network People Services Technologies Limited is a custom computer programming service provider based in India. Banks, financial institutions, and merchants can use the company’s digital payment solutions. It has created financial technology, a multi-layered solution for a cashless society.
Written by Sriram KV
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