# Netweb Technologies India (NETWEB) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/netweb

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹3,778
- Change: -6.10%
- As of: 2026-11-06
- 1D return: -6.10%
- 5D return: -9.46%
- 1M return: -19.87%
- Latest complete quarter: fy27_q2

## Faxioms Analysis

_As of 2026-11-06_

### Technical Outlook

NETWEB closed at ₹3,778 on 2026-11-06 after a −6.1% session that opened and traded up to ₹3,850 before a low of ₹3,716.1, versus a previous close of ₹4,023.5 — logged as a high-severity downward gap (z-score −3.04). The daily trend is established and bearish: ADX 30.15, −DI 37.1 against +DI 10.09, price below all supplied daily moving averages and the Supertrend. The weekly picture agrees (ADX 26.65, bearish Supertrend, price below all weekly averages), while the monthly remains strongly bullish (ADX 61.9, +DI 31.68 vs −DI 10.95, price above all monthly averages) — a material horizon conflict. Price sits near the lower end of its 20-day (+4.4%) and 50-day (+3.5%) ranges, with 1-month return at −20.4% and 3-month at −21.6%, though 1-year (+14.5%) and YTD (+22.8%) remain positive. Risk is elevated: annualized volatility +58.6%, ATR 5.52%, current drawdown −32.5%. Nearby support is ₹3,755.60 (0.59% below); resistance begins at ₹3,779.07 (0.03% above) and ₹3,890.03 (2.97% above). A sustained move above ₹3,779.07 and ₹3,890.03, with price reclaiming daily averages, would strengthen the setup; a hold below ₹3,755.60 would weaken it toward the next support at ₹3,233.30 (14.42% below).

- Daily and weekly structures are bearish (ADX 30.15 and 26.65; price below all supplied averages and Supertrend), while the monthly remains strongly bullish at ADX 61.9 — direction conflicts across horizons.
- 2026-11-06 saw a −6.1% downward gap from ₹4,023.5 to close at ₹3,778, with an earlier 2026-10-26 session showing volume at 2.98× normal on a −1.1% move.
- Price is near the lower end of its 20-day (+4.4%) and 50-day (+3.5%) ranges; 1-month return −20.4% and 3-month −21.6% versus YTD +22.8%.
- Risk metrics are elevated: annualized volatility +58.6%, ATR 5.52%, current drawdown −32.5%; monitor ₹3,755.60 support and ₹3,779.07/₹3,890.03 resistance.

- Outside Bar
- Inside Bar
- Evening Star
- Doji

### News Context

Netweb Technologies shares declined over 7% on November 6, 2026, extending a losing streak to seven consecutive sessions and resulting in a 15% drop over the week. This correction coincides with broader global AI tech sell-offs and concerns regarding valuation and slightly lower profit margins. Despite the near-term price weakness, the company reported strong financial performance for the second quarter, with consolidated profit after tax (PAT) surging to ₹136.7 crore. The firm also maintains a substantial order book valued at ₹2,629 crore.

On the analyst front, BofA Securities initiated coverage of Netweb Technologies on the same date, assigning a 'Buy' rating and setting a target price of ₹5,000. The broker cited the company’s strategic position as a key beneficiary of India’s ongoing AI infrastructure buildout. While the market has reacted negatively to short-term margin pressures and sector-wide sentiment, the fundamental metrics and external analyst optimism present a contrasting view of the company's growth trajectory.

- Share Price Correction: Netweb stock fell 7% on Nov 6, 2026, marking a 15% decline over seven consecutive trading sessions amid global AI sell-offs and valuation concerns.
- Strong Q2 Fundamentals: Consolidated PAT surged to ₹136.7 crore, and the order book stands at ₹2,629 crore, indicating robust underlying business activity despite margin pressures.
- Analyst Initiation: BofA Securities initiated coverage on Nov 6, 2026, with a 'Buy' rating and a ₹5,000 target price, citing benefits from India's AI infrastructure expansion.

- [Netweb Technologies share price: AI Stock cracks over 7% today, down 15% in 7 days - here's why; still a stock to buy?](https://www.livemint.com/market/stock-market-news/netweb-technologies-share-price-ai-stock-cracks-over-7-today-down-15-in-7-days-heres-why-still-a-stock-to-buy-11793937702205.html)

### What Changed

On November 6, 2026, Netweb Technologies shares fell over 7% to ₹3,778.0, extending a seven-session losing streak that has resulted in a 15% decline from the previous close of ₹4,023.5. This price correction is attributed to broader global AI tech sell-offs, valuation concerns, and slightly lower profit margins. Despite the recent volatility, the company reported strong Q2 earnings with consolidated PAT surging to ₹136.7 crore and maintains an order book of ₹2,629 crore. BofA Securities initiated coverage on this date with a 'Buy' rating and a target price of ₹5,000, citing the firm's role as a key beneficiary of India's AI infrastructure buildout.

- Price Action: Shares dropped 7% to ₹3,778.0 on Nov 6, marking a 15% decline over seven days against a prior close of ₹4,023.5.
- Fundamentals: Q2 consolidated PAT surged to ₹136.7 crore; order book stands at ₹2,629 crore.
- Analyst Coverage: BofA Securities initiated coverage on Nov 6 with a 'Buy' rating and a ₹5,000 target price.

- [Netweb Technologies share price: AI Stock cracks over 7% today, down 15% in 7 days - here's why; still a stock to buy?](https://www.livemint.com/market/stock-market-news/netweb-technologies-share-price-ai-stock-cracks-over-7-today-down-15-in-7-days-heres-why-still-a-stock-to-buy-11793937702205.html)

### Official Filings

Netweb Technologies reported a significant expansion in Q2 FY27, with revenue from operations rising 335.7% year-on-year to ₹1,323 crores. The company generated an operating EBITDA of ₹197 crores (14.9% margin) and a PAT of ₹137 crores (10.2% margin). As of September 30, 2026, the order book stood at ₹2,629 crores, supplemented by an L1 position of ₹653 crores. Financially, the company maintained a net cash position of ₹14 crores.

On the capital front, Netweb approved a Qualified Institutional Placement (QIP) to raise ₹1,200 crores, marking its first capital raise since its July 2023 listing. A monitoring agency report for the quarter ended September 30, 2026, confirmed no deviation from the objects of the previous ₹12,000 million QIP, noting that ₹7,667.45 million of the ₹9,705.01 million allocated to long-term working capital had been utilized. Additionally, the Board approved the incorporation of a wholly owned subsidiary in Taiwan, though the process has not yet been initiated.

- Q2 FY27 Revenue: ₹1,323 crores, up 335.7% YoY; Operating EBITDA ₹197 crores (14.9% margin); PAT ₹137 crores (10.2% margin).
- Order Book: ₹2,629 crores as of September 30, 2026, plus an L1 position of ₹653 crores.
- Capital Raise: Board-approved QIP to raise ₹1,200 crores; previous ₹12,000 million QIP shows ₹7,667.45 million utilized out of ₹9,705.01 million allocated to working capital.
- Expansion: Board approved incorporation of a wholly owned subsidiary in Taiwan; process not yet initiated.

- [Netweb Technologies India Limited has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_21823_WebXMLFile_20261029_160256621.xml)
- [Netweb Technologies India Limited has informed the Exchange about Transcript |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/NETWEB1234_29102026160341_Transcript_Q2_FY27.pdf)
- [Netweb Technologies India Limited has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_21823_WebXMLFile_20261029_160510055.xml)
- [Netweb Technologies India Limited has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_21823_WebXMLFile_20261029_160555175.xml)
- [Monitoring Agency report for the quarter ended 30th September 2026 |SUBJECT: Monitoring Agency Report](https://nsearchives.nseindia.com/corporate/NETWEB1234_27102026172057_MA_REPORT_QIP_30092026.pdf)
- [Netweb Technologies India Limited has informed the Exchange about Audio Recording/Video Recording |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_21823_WebXMLFile_20261026_200307992.xml)
- [Netweb Technologies India Limited has informed the Exchange about Link of Recording |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/NETWEB1234_26102026200902_Intimation_of_Recording_of_Earning_Call_2026.pdf)
- [Netweb Technologies India Limited has informed the Exchange about Audio Recording/Video Recording |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_21823_WebXMLFile_20261026_201112519.xml)
- [Netweb Technologies India Limited has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/NETWEB1234_25102026145729_Newspaper_Publication_30092026.pdf)
- [Netweb Technologies India Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/NETWEB1234_24102026162324_Results_30092026.pdf)

### Fundamentals

Netweb Technologies India has demonstrated an aggressive expansion phase, with Q2 FY2026-27 revenue surging 336% year-on-year to ₹1,323 crore. This growth is supported by a sharp increase in operating profit to ₹197 crore and net profit to ₹137 crore for the quarter. However, earnings quality faces scrutiny as cash conversion deteriorated significantly; CFO/EBITDA dropped from 50% in Mar 2024 to just 16% in Mar 2025 before recovering to 301% in Mar 2026, while the Cash Conversion Cycle lengthened to 121 days in Mar 2026 due to rising inventory (170 days) and debtor days (112 days). The balance sheet expanded rapidly, with total assets reaching ₹4,067 crore as of Sep 2026, driven largely by borrowings increasing to ₹333 crore and current liabilities jumping to ₹1,949 crore. Promoter holding diluted slightly to 64.16% in Sep 2026, while FIIs and DIIs adjusted their stakes. The most critical checkpoint is whether the company can sustain this high-growth trajectory while managing the working capital intensity and debt load evident in the latest quarter.

- Revenue grew 336% YoY to ₹1,323 crore in Q2 FY2026-27, with operating profit rising to ₹197 crore.
- Cash conversion efficiency fluctuated sharply, with CFO/EBITDA at 301% in Mar 2026 but Cash Conversion Cycle extending to 121 days.
- Total assets expanded to ₹4,067 crore as of Sep 2026, with borrowings increasing to ₹333 crore and current liabilities at ₹1,949 crore.
- Promoter stake decreased to 64.16% in Sep 2026, while FII and DII holdings adjusted to 9.47% and 7.22% respectively.

### Bull Case

Netweb Technologies presents a conditional upside case anchored by robust operational momentum and institutional validation, despite recent price weakness. The company reported consolidated profit after tax (PAT) of ₹136.7 crore for the second quarter, signaling strong earnings generation. This financial performance is underpinned by a substantial order book of ₹2,629 crore, providing visibility into future revenue streams as the firm capitalizes on India’s AI infrastructure buildout. BofA Securities has initiated coverage with a 'Buy' rating and a target price of ₹5,000, citing Netweb's key role in this sector expansion. While daily technical indicators show a bearish trend with the stock down 15% over seven days to close at ₹3,778, the monthly trend remains bullish. The constructive interpretation relies on the persistence of order inflows and the realization of these contracts; if execution aligns with the current order book, the fundamental growth trajectory supports long-term value creation even amid short-term volatility.

- Strong Q2 profitability: Consolidated PAT surged to ₹136.7 crore, demonstrating effective earnings conversion.
- Significant backlog visibility: An order book of ₹2,629 crore provides a foundation for future revenue recognition.
- Institutional endorsement: BofA Securities initiated coverage with a 'Buy' rating and a ₹5,000 target, highlighting the company's strategic position in India's AI infrastructure sector.
- Multi-timeframe divergence: While daily trends are bearish following a 15% weekly decline, the monthly technical trend remains bullish, suggesting longer-term structural strength.

- [Netweb Technologies share price: AI Stock cracks over 7% today, down 15% in 7 days - here's why; still a stock to buy?](https://www.livemint.com/market/stock-market-news/netweb-technologies-share-price-ai-stock-cracks-over-7-today-down-15-in-7-days-heres-why-still-a-stock-to-buy-11793937702205.html)
- [Netweb Technologies India Limited has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_21823_WebXMLFile_20261029_160256621.xml)
- [Netweb Technologies India Limited has informed the Exchange about Transcript |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/NETWEB1234_29102026160341_Transcript_Q2_FY27.pdf)
- [Netweb Technologies India Limited has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_21823_WebXMLFile_20261029_160510055.xml)
- [Netweb Technologies India Limited has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_21823_WebXMLFile_20261029_160555175.xml)
- [Monitoring Agency report for the quarter ended 30th September 2026 |SUBJECT: Monitoring Agency Report](https://nsearchives.nseindia.com/corporate/NETWEB1234_27102026172057_MA_REPORT_QIP_30092026.pdf)
- [Netweb Technologies India Limited has informed the Exchange about Audio Recording/Video Recording |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_21823_WebXMLFile_20261026_200307992.xml)
- [Netweb Technologies India Limited has informed the Exchange about Link of Recording |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/NETWEB1234_26102026200902_Intimation_of_Recording_of_Earning_Call_2026.pdf)
- [Netweb Technologies India Limited has informed the Exchange about Audio Recording/Video Recording |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_21823_WebXMLFile_20261026_201112519.xml)
- [Netweb Technologies India Limited has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/NETWEB1234_25102026145729_Newspaper_Publication_30092026.pdf)

### Bear Case

Netweb Technologies faces near-term headwinds characterized by a sharp technical breakdown and elevated volatility. The stock fell over 7% on November 6, 2026, extending losses to seven consecutive sessions and marking a 15% decline over the week. This correction coincides with broader global AI tech sell-offs and valuation concerns, despite strong underlying fundamentals including a ₹2,629 crore order book and Q2 consolidated PAT of ₹136.7 crore.

Technically, the daily trend is bearish, with the Supertrend indicating downward pressure and moving averages (EMA-20, SMA-20, SMA-50) all sloping negatively. The stock closed at ₹3,778, down from ₹4,023.5, trading in a range of ₹3,716.1–₹3,850. Risk metrics highlight significant downside exposure: the current drawdown stands at -32.5%, with a maximum historical drawdown of -53.6%. Annualized volatility is high at +58.6%, and the Average True Range (ATR) is 5.52%, suggesting large daily price swings. While the monthly trend remains bullish, the immediate weekly and daily setups suggest caution for investors navigating short-term volatility.

- Price Action: Fell 7% on Nov 6, 2026, closing at ₹3,778; down 15% in 7 days amid global AI sell-off.
- Technical Breakdown: Daily Supertrend is bearish; EMA-20 slope is -221.77; SMA-20 and SMA-50 slopes are negative (-169.56 and -135.46 respectively).
- Volatility & Drawdown: Current drawdown is -32.5%; maximum drawdown is -53.6%; annualized volatility is +58.6% with ATR at 5.52%.
- Support Levels: Immediate support at ₹3,755.6 (0.59% below); next major support at ₹3,233.3 (14.42% below).

- [Netweb Technologies share price: AI Stock cracks over 7% today, down 15% in 7 days - here's why; still a stock to buy?](https://www.livemint.com/market/stock-market-news/netweb-technologies-share-price-ai-stock-cracks-over-7-today-down-15-in-7-days-heres-why-still-a-stock-to-buy-11793937702205.html)
- [Netweb Technologies India Limited has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_21823_WebXMLFile_20261029_160256621.xml)
- [Netweb Technologies India Limited has informed the Exchange about Transcript |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/NETWEB1234_29102026160341_Transcript_Q2_FY27.pdf)
- [Netweb Technologies India Limited has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_21823_WebXMLFile_20261029_160510055.xml)
- [Netweb Technologies India Limited has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_21823_WebXMLFile_20261029_160555175.xml)
- [Monitoring Agency report for the quarter ended 30th September 2026 |SUBJECT: Monitoring Agency Report](https://nsearchives.nseindia.com/corporate/NETWEB1234_27102026172057_MA_REPORT_QIP_30092026.pdf)
- [Netweb Technologies India Limited has informed the Exchange about Audio Recording/Video Recording |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_21823_WebXMLFile_20261026_200307992.xml)
- [Netweb Technologies India Limited has informed the Exchange about Link of Recording |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/NETWEB1234_26102026200902_Intimation_of_Recording_of_Earning_Call_2026.pdf)
- [Netweb Technologies India Limited has informed the Exchange about Audio Recording/Video Recording |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_21823_WebXMLFile_20261026_201112519.xml)
- [Netweb Technologies India Limited has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/NETWEB1234_25102026145729_Newspaper_Publication_30092026.pdf)

### FAQs

**What were Netweb Technologies' key financial results for Q2 FY27?**

For Q2 FY27, Netweb reported revenue from operations of ₹1,323 crores (up 335.7% YoY), operating EBITDA of ₹197 crores (14.9% margin), and PAT of ₹137 crores (10.2% margin). The company also disclosed an order book of ₹2,629 crores as of September 30, 2026.

**How has the stock price performed recently despite strong earnings?**

As of November 6, 2026, shares fell over 7% to close at ₹3,778, marking a seventh consecutive session of losses and a 15% decline in seven days. This correction occurred alongside global AI tech sell-offs and valuation concerns, contrasting with the strong Q2 earnings performance.

**What capital raising activities and corporate actions have been approved?**

The Board approved a QIP raise of ₹1,200 crores, the first since its July 2023 listing. A monitoring agency report confirmed no deviation from the objects of this ₹12,000 million QIP allocation. Additionally, the Board approved establishing a wholly owned R&D subsidiary in Taiwan.

- [Netweb Technologies share price: AI Stock cracks over 7% today, down 15% in 7 days - here's why; still a stock to buy?](https://www.livemint.com/market/stock-market-news/netweb-technologies-share-price-ai-stock-cracks-over-7-today-down-15-in-7-days-heres-why-still-a-stock-to-buy-11793937702205.html)
- [Netweb Technologies India Limited has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_21823_WebXMLFile_20261029_160256621.xml)
- [Netweb Technologies India Limited has informed the Exchange about Transcript |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/NETWEB1234_29102026160341_Transcript_Q2_FY27.pdf)
- [Netweb Technologies India Limited has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_21823_WebXMLFile_20261029_160510055.xml)
- [Netweb Technologies India Limited has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_21823_WebXMLFile_20261029_160555175.xml)
- [Monitoring Agency report for the quarter ended 30th September 2026 |SUBJECT: Monitoring Agency Report](https://nsearchives.nseindia.com/corporate/NETWEB1234_27102026172057_MA_REPORT_QIP_30092026.pdf)
- [Netweb Technologies India Limited has informed the Exchange about Audio Recording/Video Recording |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_21823_WebXMLFile_20261026_200307992.xml)
- [Netweb Technologies India Limited has informed the Exchange about Link of Recording |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/NETWEB1234_26102026200902_Intimation_of_Recording_of_Earning_Call_2026.pdf)
- [Netweb Technologies India Limited has informed the Exchange about Audio Recording/Video Recording |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_21823_WebXMLFile_20261026_201112519.xml)
- [Netweb Technologies India Limited has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/NETWEB1234_25102026145729_Newspaper_Publication_30092026.pdf)
## Technical analytics

- As of: 2026-11-06
- Daily trend: Moderate Downtrend
- Weekly trend: Weak Downtrend
- Pivot point: ₹4,067.73
- Risk regime: Higher Price Risk

### Support levels
- 3755.596875
- 3233.3
- 3158.075

### Resistance levels
- 4016.675
- 4114.8375
- 4280

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | -6.10% |
| return_10 | -12.86% |
| return_1m | -20.40% |
| return_1y | +14.46% |
| return_20 | -19.87% |
| return_3m | -21.55% |
| return_5 | -9.46% |
| return_6m | -13.52% |
| return_since_start | +30.73% |
| return_ytd | +22.83% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | high_risk |
| label | Higher price risk |
| summary | Recent drawdown or price variability is materially high and may lead to larger short-term outcomes. |
| maximum_drawdown | -53.61% |
| annualized_volatility | +58.63% |

## Quarterly financials

- Latest complete quarter: fy27_q2

# Netweb Technologies India Limited Q2 FY2026-27: Revenue up 336%

Netweb reported revenue from operations of ₹1,323 crore for the quarter ended 30 September 2026, up 336% year on year and 61% sequentially. Profit for the period rose 335% year on year to ₹137 crore. The growth coincided with negative operating cash flow of ₹639 crore and substantial quarter-end inventory and receivables.

## Revenue and earnings accelerate

Revenue from operations increased from ₹304 crore in Q2 FY2025-26 and ₹820 crore in Q1 FY2026-27 to ₹1,323 crore in Q2 FY2026-27. Total income was ₹1,336 crore, compared with ₹305 crore a year earlier and ₹828 crore in the preceding quarter.

Profit before tax rose to ₹183 crore from ₹42 crore in Q2 FY2025-26 and ₹114 crore in Q1 FY2026-27. Profit for the period was ₹137 crore, up from ₹31 crore and ₹85 crore, respectively. Basic earnings per share increased to ₹23.54 from ₹5.55 a year earlier and ₹14.98 in Q1 FY2026-27.

## Expenses and finance costs

Total expenses were ₹1,153 crore, compared with ₹263 crore in Q2 FY2025-26 and ₹714 crore in Q1 FY2026-27. Finance costs increased to ₹23.8 crore from ₹0.9 crore a year earlier and ₹11.5 crore in the preceding quarter. The rise in finance costs is notable alongside the sharp increase in revenue and earnings.

## Cash flow, working capital and capital raised

Cash flow from operating activities was negative ₹639 crore and free cash flow was negative ₹1,111 crore for the quarter. At 30 September 2026, inventories stood at ₹1,931 crore, trade receivables at ₹784 crore and trade payables at ₹1,219 crore, highlighting the scale of working-capital balances at quarter-end.

Cash and cash equivalents were ₹333 crore, while bank balances other than cash and cash equivalents were ₹791 crore at 30 September 2026. The company also reported a capital raise of ₹1,200 crore.

## Key Takeaway

Netweb’s revenue and profit rose sharply in Q2 FY2026-27, while operating cash flow was negative and inventory and receivables were substantial at quarter-end. Cash conversion is an important measure to track alongside continued earnings growth.

### Ratios

## Shareholding pattern

- Quarter: FY2027-Q2
- As of: 2026-09-30
- Promoter holding: +64.16%
- FII holding: +9.47%
- DII holding: +7.22%
- Mutual fund holding: +6.68%
- Retail holding: +16.18%
- Promoter pledged: +0.00%

### Major reported shareholders

- Sanjay Lodha — +25.46%
- Navin Lodha — +12.82%
- Niraj Lodha — +12.82%
- Vivek Lodha — +12.82%
- iSIF EQUITY LONG-SHORT FUND — +3.02%
- HSBC MUTUAL FUND - HSBC MIDCAP FUND — +1.17%
- Nand Kishore Bajoria — +0.08%
- Pramod Kumar Sikaria — +0.08%
- Sajjan Kumar Khaitan — +0.08%

## Official filings

- 2026-10-29 — Generic Announcement: Netweb Technologies India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_21823_WebXMLFile_20261029_160256621.xml)
- 2026-10-29 — Generic Announcement: Netweb Technologies India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/NETWEB1234_29102026160341_Transcript_Q2_FY27.pdf)
- 2026-10-29 — Generic Announcement: Netweb Technologies India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_21823_WebXMLFile_20261029_160510055.xml)
- 2026-10-29 — Generic Announcement: Netweb Technologies India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_21823_WebXMLFile_20261029_160555175.xml)
- 2026-10-27 — Generic Announcement: Netweb Technologies India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/NETWEB1234_27102026172057_MA_REPORT_QIP_30092026.pdf)
- 2026-10-26 — Generic Announcement: Netweb Technologies India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_21823_WebXMLFile_20261026_200307992.xml)
- 2026-10-26 — Generic Announcement: Netweb Technologies India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/NETWEB1234_26102026200902_Intimation_of_Recording_of_Earning_Call_2026.pdf)
- 2026-10-26 — Generic Announcement: Netweb Technologies India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_21823_WebXMLFile_20261026_201112519.xml)
- 2026-10-25 — Generic Announcement: Netweb Technologies India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/NETWEB1234_25102026145729_Newspaper_Publication_30092026.pdf)
- 2026-10-24 — Generic Announcement: Netweb Technologies India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/NETWEB1234_24102026162324_Results_30092026.pdf)
- 2026-10-24 — Press Release: Netweb Technologies India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/NETWEB1234_24102026163230_Press_release_30092026.pdf)
- 2026-10-24 — Financial Results Filing: Netweb Technologies India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1745357_24102026043613_WEB.xml)
- 2026-10-24 — Generic Announcement: Netweb Technologies India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/NETWEB1234_24102026164235_Results_30092026.pdf)
- 2026-10-24 — Earnings Presentation: Netweb Technologies India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/NETWEB1234_24102026165351_Earning_Presentation_30092026.pdf)
- 2026-10-24 — Generic Announcement: Netweb Technologies India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/NETWEB1234_24102026170731_Strategy_presentation_30092026.pdf)
- 2026-10-20 — Generic Announcement: Netweb Technologies India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/NETWEB1234_20102026165340_Intimation_of_Earning_Call_Q2FY27.pdf)
- 2026-10-20 — Generic Announcement: Netweb Technologies India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_21823_WebXMLFile_20261020_165532975.xml)
- 2026-10-17 — Board Meeting Notice: Netweb Technologies India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/NETWEB1234_17102026161712_Intimation_of_Board_Meeting_30092026.pdf)
- 2026-10-17 — Board Meeting Notice: Netweb Technologies India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_21823_WebXMLFile_20261017_161826390.xml)
- 2026-10-17 — Generic Announcement: Netweb Technologies India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_21823_WebXMLFile_20261017_161826390.xml)
- 2026-10-16 — Shareholding Disclosure: Netweb Technologies India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SHP_1740134_16102026051345_WEB.xml)
- 2026-10-06 — Generic Announcement: Netweb Technologies India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/NETWEB1234_06102026140237_Reg_74_5__30092026.pdf)
- 2026-09-28 — Generic Announcement: Netweb Technologies India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/NETWEB1234_28092026125203_Trading_Window_Closure__5_.pdf)
- 2026-09-28 — Generic Announcement: Netweb Technologies India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CLOSURE_TRADING_WINDOW_21823_WebXMLFile_20260928_125415625.xml)
- 2026-09-20 — Generic Announcement: Netweb Technologies India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/NETWEB1234_20092026123038_AGM_Voting_Results_Scrutinizer_Report.pdf)

## News and market events

- 2026-11-06 — Mint: **Netweb Technologies share price: AI Stock cracks over 7% today, down 15% in 7 days - here's why; still a stock to buy?** — Netweb Technologies shares fell over 7% on November 6, marking a seventh consecutive session of losses and a 15% decline in seven days, driven by global AI tech sell-offs, valuation concerns, and slightly lower profit margins. Despite the price correction, the company reported strong Q2 earnings with consolidated PAT surging to ₹136.7 crore and an order book of ₹2,629 crore. BofA Securities initiated coverage with a 'Buy' rating and a ₹5,000 target price, citing the firm's role as a key beneficiary of India's AI infrastructure buildout. — [Source](https://www.livemint.com/market/stock-market-news/netweb-technologies-share-price-ai-stock-cracks-over-7-today-down-15-in-7-days-heres-why-still-a-stock-to-buy-11793937702205.html)
- 2026-10-27 — BUSINESSTODAY: **AI stock to buy: Despite a 9x rally in 3 yrs, analysts see upto 54% rise in this multibagger share** — Netweb Technologies target prices: Despite delivering multibagger returns in just over three years since its stock market debut, domestic brokerage firms remain positive on Netweb Technologies India Ltd following its quarterly results. — [Source](https://www.businesstoday.in/markets/trending-stocks/story/ai-stock-to-buy-despite-a-9x-rally-in-3-yrs-analysts-see-upto-54-rise-in-this-multibagger-share-564003-2026-10-27)
- 2026-10-27 — Mint: **Netweb Technologies shares: Multibagger stock jumps 780% against IPO price in 3 years; experts see more upside | Target** — Netweb Technologies share price today opened upside at ₹4,340 nd touched an intraday high of ₹4,484.50 per share — [Source](https://www.livemint.com/market/stock-market-news/netweb-technologies-shares-multibagger-stock-jumps-780-against-ipo-price-in-3-years-experts-see-more-upside-target-11793091172244.html)
- 2026-10-26 — MONEYCONTROL: **Netweb Tech profit jumps multifold to Rs 137 crore in Q2** — Netweb Tech profit jumps multifold to Rs 137 crore in Q2 Netweb Technologies' revenue from operations jumped multifold to Rs 1,323.3 crore during the reported quarter from Rs 303.7 crore in September 2025 quarter. — [Source](https://www.moneycontrol.com/news/business/earnings/netweb-tech-profit-jumps-multifold-to-rs-137-crore-in-q2-14060464.html)
- 2026-10-25 — The Hindu: **Netweb Tech Q2 profit surges manifold to ₹137 cr** — Netweb Tech posts record Q2 FY27 with PAT at ₹136.7 cr and revenue ₹1,323.3 cr driven by AI infrastructure and HPC growth. — [Source](https://www.thehindubusinessline.com/info-tech/netweb-tech-q2-profit-surges-manifold-to-137-cr/article71622507.ece)
- 2026-10-24 — CNBC-TV18: **Netweb Technologies Q2 profit soars 61% to ₹137 crore as AI demand surges** — Netweb Technologies posted record quarterly revenue and profit in Q2 FY27, with first-half profit surpassing its full-year FY26 earnings. AI systems remained the key growth driver, contributing 59.9% of operating revenue in the first half, while the order book stood at ₹2,629 crore at the end of September. — [Source](https://www.cnbctv18.com/market/netweb-technologies-share-price-q2-results-profit-ai-demand-surges-20018612.htm)
- 2026-10-24 — FREEPRESSJOURNAL.IN: **Netweb Technologies Reports Strong Q2 FY27, PAT Up 334.8% To ₹136.7 Crore; Revenue Grows 335.7%** — Netweb Technologies India Limited reported a significant increase in its unaudited financial results for the second quarter and half year ended 30 September 2026. The company — [Source](https://www.freepressjournal.in/business/netweb-technologies-reports-strong-q2-fy27-pat-up-3348-to-1367-crore-revenue-grows-3357)
- 2026-10-23 — MONEYCONTROL: **E2E Networks shares hit lower circuit for 4th straight session; Netweb, Black Box fall up to 9% amid global AI rout** — E2E Networks shares hit lower circuit for 4th straight session; Netweb, Black Box fall up to 9% amid global AI rout Follow Us On: Stocks: A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Others Trending Topics more Sensex Today Jio IPO Tonbo Imaging share price UP Elections iPhone Duo Elon Musk Annamalai Piyush Goyal Donald Trump Sonam Wangchuk News more Business Markets Stocks India News City News Economy Mutual Funds Personal Finance IPO News Startups Markets more Home Currencies Commodities Pre-Market IPO Global Market US Markets Bonds Silver MCX Price Gold MCX Price Personal Finance mor — [Source](https://www.moneycontrol.com/news/business/markets/e2e-networks-shares-hit-lower-circuit-for-4th-straight-session-netweb-black-box-fall-up-to-9-amid-global-ai-rout-14058594.html)
- 2026-10-13 — Mint: **Up 50% in 6 months, Netweb Technologies shares fall 5% today: Should you buy, sell, or hold? Experts suggest this** — Netweb Technologies shares fell 5% after a three-session rally, but analysts say the long-term trend and momentum remain constructive. They identify support around ₹4,700– ₹4,780 and resistance at ₹5,100– ₹5,200; a break below ₹4,700 could weaken the outlook. — [Source](https://www.livemint.com/market/stock-market-news/up-50-in-6-months-netweb-technologies-shares-fall-5-today-should-you-buy-sell-or-hold-experts-suggest-this-11791870503737.html)
- 2026-10-09 — Mint: **Stock recommendations for 9 October from MarketSmith India** — MarketSmith India reveals its top stock recommendations for today, 9 October. Get expert insights into the best-performing stocks to guide your investment decisions. — [Source](https://www.livemint.com/market/stock-market-news/stock-recommendations-for-9-october-from-marketsmith-india-11791471713807.html)
- 2026-10-05 — Mint: **50% up in 2026! Netweb Technologies share price rises 4% | Is it time to book profits?** — Netweb Technologies shares opened at ₹4,543 per share today, as compared to previous close of ₹4,520.30 on Thursday and touched an intraday high of ₹4,697 on 5 October. — [Source](https://www.livemint.com/market/stock-market-news/50-up-in-2026-netweb-technologies-share-price-rises-4-is-it-time-to-book-profits-11791175724516.html)
- 2026-09-30 — BUSINESSTODAY: **ICICI Securities sees recovery in ER&D stocks in Q2; Tata Tech, Netweb, IKS, Cyient among top picks** — Indian ER&D stocks, engineering research and development stocks, ER&D stocks, ER&D Q2FY27, Indian engineering stocks, ICICI Securities Q2FY27 preview, Tata Technologies Q2FY27, Cyient Q2FY27, L&T Technology Services Q2FY27, Tata Elxsi Q2FY27, KPIT Technologies Q2FY27, Tata Technologies stock, Cyient stock, LTTS stock, aerospace defence stocks India, semiconductor stocks India, best ER&D stocks to watch in Q2FY27, ICICI Securities top ER&D stock picks, Tata Technologies Cyient top picks, Indian ER&D stocks Q2FY27 expectations, engineering research and development sector outlook FY27 — [Source](https://www.businesstoday.in/markets/trending-stocks/story/icici-securities-sees-recovery-in-erd-stocks-in-q2-tata-tech-netweb-iks-cyient-among-top-picks-558802-2026-09-30)
- 2026-09-30 — CNBC-TV18: **Neuberger Berman's Conrad Saldanha sees private banks as India's next opportunity; says AI capex cycle remains intact** — Neuberger Berman's Conrad Saldanha expects the AI investment cycle to continue through 2027 and 2028, supporting technology spending globally. While he sees risks from rising bond yields, he believes Indian private sector banks have become attractive after underperforming and could offer opportunities over the next 6-12 months. — [Source](https://www.cnbctv18.com/market/neuberger-bermans-conrad-saldanha-sees-private-banks-as-indias-next-opportunity-says-ai-capex-cycle-remains-intact-20001589.htm)
- 2026-09-18 — BUSINESSTODAY: **Waaree, Netweb, Tata Power, Sterlite Tech among 42 stocks in Goldman Sachs’ India AI Enablers portfolio** — Waaree Energies share price, Netweb share price, Tata Power share price, Sterlite Tech share price, Adani Enterprises share price, Kaynes Tech share price, Goldman Sachs, AI Enablers — [Source](https://www.businesstoday.in/markets/stocks/story/waaree-netweb-tata-power-sterlite-tech-among-42-stocks-in-goldman-sachs-india-ai-enablers-portfolio-556362-2026-09-18)
- 2026-09-15 — MONEYCONTROL: **Netweb Tech, E2E Networks, Black Box fall up to 7% as AI slowdown fears hit Indian stocks** — Netweb Tech, E2E Networks, Black Box, Anant raj, Artificial intelligence, Artificial intelligence slowdown — [Source](https://www.moneycontrol.com/news/business/stocks/netweb-tech-e2e-networks-black-box-fall-up-to-7-as-ai-slowdown-fears-hit-indian-stocks-14030227.html)
- 2026-09-15 — Mint: **Netweb Tech shares crash over 5%— Is it an opportunity to buy this multibagger stock?** — Netweb Tech shares opened at  ₹4,979.45 against their previous close of  ₹5,026.90 and declined as much as 5.4% to an intraday low of  ₹4,754.90, looking set to snap its two-day winning run. — [Source](https://www.livemint.com/market/stock-market-news/netweb-tech-shares-crash-over-5-is-it-an-opportunity-to-buy-this-multibagger-stock-11789447150079.html)
- 2026-09-15 — News18: **Over 100x PE Stocks: These Are Among India's Most Expensive Stocks Despite Weak Nifty** — Several companies in the market are trading at 100 times or more of their trailing earnings, with some of them also hovering close to their 52-week or all-time highs. — [Source](https://www.news18.com/business/markets/over-100x-pe-stocks-these-are-indias-most-expensive-stocks-despite-weak-nifty-10329646.html)
- 2026-09-03 — Mint: **Netweb Technologies share price up almost 45% in past 6 months - What's boosting the stock? Triggers explained** — Netweb Technologies shares opened at  ₹5,165 on the NSE on Tursday against its previous close of  ₹5,110 and jumped as much as 4.7% to an intraday high of  ₹5,349.50. At this price, the stock has surged almost 45% over the last six months. — [Source](https://www.livemint.com/market/stock-market-news/netweb-technologies-share-price-up-almost-45-in-past-6-months-whats-boosting-the-stock-triggers-explained-11788413318516.html)
- 2026-09-02 — CNBC-TV18: **ICICI Bank, PNB Housing, Data Patterns among Neuberger Berman’s India picks** — Conrad Saldanha, Managing Director, Portfolio Manager at Neuberger Berman believes the current risk-off phase could create opportunities in India, particularly as fundamentals remain relatively resilient. — [Source](https://www.cnbctv18.com/market/icici-bank-pnb-housing-finance-data-patterns-bharat-electronics-netweb-cg-power-neuberger-berman-19982001.htm)
- 2026-08-25 — BUSINESS: **Sensex settles 287 pts higher; Nifty ends above 24,300 level** — As per provisional closing data, the S&P BSE Sensex jumped 286.98 points or 0.37% to 77,656.09. The Nifty 50 index added 115.50 points or 0.48% to 24,334.55. — [Source](https://www.business-standard.com/markets/capital-market-news/sensex-settles-287-pts-higher-nifty-ends-above-24-300-level-126082500830_1.html)
- 2026-08-25 — BUSINESS: **Nifty trades near the day's low; European markets bounce back from recent lows** — The benchmark indices pared most of the recovery gains and traded near the day's low in afternoon trade. Market sentiment remained subdued amid weak global cues, while volatility stayed in focus as investors navigated the monthly expiry of Nifty 50 derivatives today. Nifty traded below the 24,150 mark. Banks, oil & gas and chemical stocks declined while pharma and heatlhcare managed to trade with some gains. — [Source](https://www.business-standard.com/markets/capital-market-news/nifty-trades-near-the-day-s-low-european-markets-bounce-back-from-recent-lows-126082500614_1.html)
- 2026-08-25 — BUSINESSTODAY: **Netweb Tech raises Rs 1,200 crore via QIP; stock falls for 2nd day, down 4%** — Netweb Tech,  Netweb Tech share, Netweb Technologies share price, Netweb Technologies shares news today, Netweb Technologies, Netweb Technologies stock, Netweb Tech share price — [Source](https://www.businesstoday.in/markets/stocks/story/netweb-tech-raises-rs-1200-crore-via-qip-stock-falls-for-2nd-day-down-4-551102-2026-08-25)
- 2026-08-24 — Mint: **Breakout stocks to buy or sell: Sumeet Bagadia recommends five shares to buy today —24 August 2026** — Breakout stocks to buy or sell: Sumeet Bagadia recommends five breakout stocks to buy today — Hindustan Zinc, Netweb Technologies India, Icici Prudential Life Insurance Comp, Prime Focus Limited, and Power Grid Corporation of India. — [Source](https://www.livemint.com/market/stock-market-news/breakout-stocks-to-buy-or-sell-sumeet-bagadia-recommends-five-shares-to-buy-today-24-august-2026-11787531638864.html)
- 2026-08-21 — The Hindu: **Netweb Technologies raises ₹1,200 crore via a QIP at ₹4,790 per share; stock hits 52-week high** — 25,05,219 equity shares were allotted to marquee institutional investors at a 1.96% discount to the floor price — [Source](https://www.thehindubusinessline.com/markets/stock-markets/netweb-technologies-raises-1200-crore-via-a-qip-at-4790-per-share-stock-hits-52-week-high/article71372712.ece)
- 2026-08-21 — BUSINESSTODAY: **Netweb Technologies shares jump 3% after QIP allotment; key details** — Netweb Tech share price, Netweb Tech shares, Netweb Tech share price today, Netweb Technologies share price, Netweb Technologies stock — [Source](https://www.businesstoday.in/markets/stocks/story/netweb-technologies-shares-jump-3-after-qip-allotment-key-details-550497-2026-08-21)

## Business profile

**Strategic vision:** Designs and manufactures high-end computing solutions.

### Business segments
- **High-End Computing Solutions (HCS):** Encompasses a range of products and solutions designed for data-intensive applications, high-performance computing, artificial intelligence, and cloud environments.
- **Products:** Specialized hardware products including Data Center Servers, AI Systems & Enterprise Workstations, Private Cloud and HCI, High-Performance Storage, and High-Performance Computing Systems.
- **Services:** Provides Netweb Cloud Services designed to optimize business investment returns through robust performance and dedicated customer support.
- **Solutions:** Integrates products and expertise into key solution areas including AI & Big Data, High-Performance Computing (HPC), Kubernetes, Cloud, Surveillance, and Unified Storage.

### Competitive strengths
- Fully integrated design and manufacturing capabilities in high-end computing solutions.
- Over two decades of experience in the industry.
- Extensive installation track record in HPC and GPU-based systems.
- Proprietary technologies like Tyrone Cluster Management and VERTA series.

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## Freshness and sources

- Data as of: 2026-11-06
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/netweb
Markdown representation: https://faxioms.com/stocks/netweb?render=md