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Network People Services Technologies Limited (NPST) fair value: what the stock is really worth

As of Oct 1, 2026: fair value of Network People Services Technologies Limited ₹466, price ₹1,767, upside -73.6%, quality 30 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? No
  2. Good quality? No
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Technology · IN

NP Some data Sep 27, 2026

Network People Services Technologies Limited

NPST · NSE

Weakest SetupStrongly overvalued and low quality.

!Fair value ₹465.77 · Strongly overvalued (−73.6%)
!Quality 30/100
!Expensive Growth (revenue 5y +66.3 %/yr)
✓Highly profitable · 24.1% net margin (TTM)
!Low debt · negative free cash flow
!0.1% dividend yield · Token dividend
!Mixed vs. peers (6/13)
✓Wide moat 68/100
!Evidence only medium, so the estimate is less certain
!Weak on dividend: 2 out of 100
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69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

₹3,509 ₹17.85 Fair Value ₹465.77 Sep 2021 Oct 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 27, 2026.

How to read this chart

60‑month range ₹17.85 – ₹3,509 · fair‑value band ₹349.32 – ₹582.21 · the ₹1,767 price screens above the ₹465.77 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 27, 2026.

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Company profile

Network People Services Technologies Limited develops payments infrastructure for banks, payment aggregators, and merchants in India.

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Network People Services Technologies Limited develops payments infrastructure for banks, payment aggregators, and merchants in India. The company offers UPI Switch that connects with National Payments Corporation of India (NPCI) infrastructure, third-party systems, and member banks to enable instant UPI transactions across P2P and P2M modes; mobile banking and digital wallet solutions; CLOU, an instant credit Access with the convenience of UPI; Immediate Payment Service; Banking SuperApp for digital banking and payment services; Bill Direct, an AI-based billing platform; PayJoy, an API-based credit enabling solution; UPI Circle that offers instant credit embedded in UPI app; UPI Lite Auto Top-up; and contextual payments with UPI. It also provides EvoK UPI Plugin, a plug-and-play solution that creates collaborative payment with partner merchants; TimePay Evok, an API based payment platform; Qynx, an offline payments as a service; TimePay Cash, which enables customers to withdraw cash; risk intelligence decisioning platform for fraud detection and management in real-time payments; and Merchant Bizz for digital transactions. In addition, the company offers business monitoring solution; and anti-money laundering, a web-based platform that detects anti-money laundering and financial fraud. Network People Services Technologies Limited was incorporated in 2013 and is based in Thane, India.

Stock analysis

Network People Services Technologies Limited (NPST) currently trades at ₹1,767, while our model-based Fair Value estimate is ₹465.77, 73.6% below the price, so the stock looks overvalued today.

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Valuation

Bull case: the Growth Earnings group reads highest at a median of ₹989.07 per share, and 0 of the 17 models we run sit above the ₹1,767 price.

Bear case: the Asset-Based group reads lowest at ₹141.44, and 17 of the 17 models stay below the price. Evidence for this calculation is medium.

Scenario range: ₹349.32 (bear) to ₹582.21 (bull), the price of ₹1,767 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 30/100 (below-average quality), in the Technology sector.

Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.

Network People Services Technologies Limited reported revenue of ₹1.9B in FY2026 versus ₹192M in FY2022, a compound +78.4%/yr. Reported net income was ₹408M in FY2026, compounding +128.6%/yr from FY2022. FY2022 was a trough year, so the rate overstates the trend.

Key figures

Market cap ₹40.3B (≈ $418M) · P/E ratio 85.8 · P/S ratio 18.0 · EPS (TTM) ₹20.60 · Dividend yield 0.1% · Net margin 20.9% · Return on equity 17.2% · Return on assets (EBIT) 23.0%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).

What moves the price

The share trades about 12% below its 52-week high and 101% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Technology peers we cover trades at −8% fair-value upside, at −74%, NPST screens richer than that median.

Fair Value models

The price assumes far more growth than our models allow for, so the models scatter widely (₹25.07 to ₹989.07). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear ₹349.32 Fair Value ₹465.77 Bull ₹582.21
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2026 figures (about 6 months old). Earnings retained since then (₹9.38 per share) are deliberately not added. Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds. Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Highest evidence
Owner Earnings ₹168.18 ₹189.53 ₹229.12 76
EPV ₹252.74 ₹266.98 ₹278.85 74
Residual Income ₹170.06 ₹181.61 ₹206.68 74
All 17 models by family
DCF Models
Owner Earnings ₹168.18 ₹189.53 ₹229.12 76
Earnings-Based
Graham-Dodd ₹133.08 ₹928.06 ₹1,302 61
Lynch FV ₹479.47 ₹684.95 ₹890.44 59
PEG = 1.0 ₹479.47 ₹684.95 ₹890.44 55
EPV ₹252.74 ₹266.98 ₹278.85 74
Dividend Discount
Gordon GGM ₹15.23 ₹27.45 ₹37.78 66
DDM Multi-Stage ₹15.23 ₹25.07 ₹29.32 65
Multiples
P/E Multiple ₹410.97 ₹547.96 ₹684.95 63
P/S Multiple ₹249.52 ₹332.69 ₹415.86 58
P/B Multiple ₹249.52 ₹332.69 ₹415.86 55
EV/EBIT ₹506.16 ₹625.45 ₹744.74 66
EV/EBITDA ₹475.96 ₹585.18 ₹694.41 67
EV/Revenue ₹329.21 ₹406.75 ₹484.29 54
Asset-Based
NCAV (Graham) ₹105.56 ₹141.44 ₹211.11 54
Economic Profit
Residual Income ₹170.06 ₹181.61 ₹206.68 74
ROIC Compounder ₹282.19 ₹346.00 ₹380.46 70
Growth Earnings
Growth-Adj P/E ₹692.35 ₹989.07 ₹1,286 65

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Quality Score breakdown

Overall quality 30/100

Of which business quality 33 · Market factors (momentum, volatility) 52

Profitability 45
Margins and returns on capital today
Quality Growth 12
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 100
Balance sheet, leverage, solvency risk
Investment 0
Disciplined investing over empire-building
Low Volatility 51
Calm price path (market factor)
Momentum 55
Price trend over the last 3–12 months (market factor)
52W Momentum 50
Distance to the 52-week high (market factor)
Net Issuance 12
Share count: buybacks or dilution?

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Revenue & earnings trend

Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+12.5%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+68.4%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+66.3%
Start year 2021 (pandemic)
Revenue growth 7 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+40.5%
What shareholders gained per year (last 5 years), in INR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+86.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year+86.2%
Dividend (yield on the price)0.1%
Profit margin 2021 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.9% → 21%

NPST screens overvalued: fair value 74% below the price. Compare with SAP SE →

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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Software - Application · 649 stocks

Beats the industry median on 5/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score 30 · Bottom 25%
Fair Value upside −73.6% · Bottom 25%
Profitability
Return on equity (TTM) 17.2% · Top 25%
Return on assets 7.9% · Top 25%
Net margin (TTM) 24.1% · Top 25%
Operating margin (TTM) 15.8% · Top 25%
Growth and dividend
Revenue growth 135.2% · Top 25%
Dividend yield (TTM) 0.1% · Bottom 25%

Valuation Multiplesvs Software - Application median · lower = cheaper

P/E (TTM) 85.8× · Priciest 25%
P/B 9.15× · Priciest 25%
P/S (TTM) 20.67× · Priciest 25%
EV/EBITDA 73.5× · Priciest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 27
FUTURE (revenue growth)100 · sector 41
PAST (return on equity)69 · sector 21
HEALTH (low debt)100 · sector 97
DIVIDEND (yield)2 · sector 32

VALUE 0: the price sits above our fair-value range.

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Software - Application stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
SAP SE SAP €186.74 €172.46 −8%
Salesforce, Inc CRM $229.57 $342.73 +49%
Shopify Inc SHOP $144.01 $64.36 −55%
ServiceNow, Inc NOW $134.01 $147.41 +10%
Uber Technologies, Inc UBER $69.36 $103.69 +49%
Snowflake Inc SNOW $330.31 $74.36 −77%
Automatic Data Processing, Inc ADP $261.80 $150.01 −43%
Adobe Inc ADBE $239.94 $454.04 +89%
Datadog, Inc DDOG $268.70 $32.52 −88%
Cadence Design Systems, Inc CDNS $326.70 $225.48 −31%

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Cite: Fair Value Calculator (2026). "Network People Services Technologies Limited Fair Value". https://www.fairvalue-calculator.com/stock/NPST

Frequently asked questions

Is Network People Services Technologies Limited (NPST) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of ₹465.77 versus a price of ₹1,767, about −74% upside (overvalued).
What is the fair value of NPST?
Our model-based fair value for Network People Services Technologies Limited is ₹465.77 (as of Sep 27, 2026), built from audited fundamentals. The current price: ₹1,767.
What is the quality score of NPST?
Network People Services Technologies Limited has a Quality Score of 30/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Network People Services Technologies Limited (NPST)?
Our model-based price target is the fair value of ₹465.77 (as of Sep 27, 2026) from 17 valuation models. Cautious scenario ₹349.32, optimistic scenario ₹582.21. It is a calculation from audited fundamentals, not an analyst target.
What is the Network People Services Technologies Limited stock forecast for 2026?
Our models put fair value at ₹465.77, about −74% upside versus a price of ₹1,767 (overvalued). Cautious scenario ₹349.32, optimistic scenario ₹582.21. The calculation is refreshed regularly with new filings.
What is the revenue of Network People Services Technologies Limited (NPST)?
Network People Services Technologies Limited reported trailing-twelve-month revenue of about ₹1.9B (latest available figure, as of Sep 27, 2026).
Does Network People Services Technologies Limited pay a dividend?
Network People Services Technologies Limited currently shows a dividend yield of about 0.11% relative to its recent price (as of Sep 27, 2026).
What is the intrinsic value of Network People Services Technologies Limited (NPST)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Network People Services Technologies Limited it is ₹465.77 per share (as of Sep 27, 2026), against a price of ₹1,767. It is the blended result of 17 valuation models (cash flow, earnings, asset, dividend).
Is Network People Services Technologies Limited stock overvalued or undervalued in 2026?
As of Sep 27, 2026, NPST trades above its calculated fair value: price ₹1,767, fair value ₹465.77, a gap of about −74% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of NPST?
No. The price is what the market pays today (₹1,767); the fair value is what the company's own numbers justify (₹465.77). For Network People Services Technologies Limited the two are ₹1,301 per share apart. That gap is exactly why we show both numbers side by side.
How much is Network People Services Technologies Limited worth?
The market values Network People Services Technologies Limited at about ₹40.3B (market capitalisation, as of Sep 27, 2026). Per share that is ₹1,767; our models calculate a fair value of ₹465.77 per share.
What do the bullish and bearish scenarios say about NPST?
Our models span a range for Network People Services Technologies Limited: cautious scenario ₹349.32, base ₹465.77, optimistic ₹582.21 per share (as of Sep 27, 2026, price ₹1,767). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of NPST?
Network People Services Technologies Limited trades at a price-to-earnings ratio of 85.8 (as of Sep 27, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹465.77 is built from several models across several years. Other multiples: P/B 9.2, P/S 20.7, EV/EBITDA 73.5.
How solid is the balance sheet of Network People Services Technologies Limited (NPST)?
Balance-sheet figures for Network People Services Technologies Limited (as of Sep 27, 2026): return on equity 17.2%. They feed the Quality Score of 30/100, which measures business quality independently of the share price.
How far is NPST from its 52-week high?
Network People Services Technologies Limited trades at ₹1,767, about 12% below its 52-week high of ₹2,010 and 101% above the low of ₹878.60 (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of ₹465.77 is for.
Which stocks are comparable to Network People Services Technologies Limited?
From the same area (Technology) we also value SAP SE, Salesforce, Inc, Shopify Inc, ServiceNow, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Network People Services Technologies Limited stock attractive at the current price?
The data as of Sep 27, 2026: price ₹1,767, calculated fair value ₹465.77 (−74%), Quality Score 30/100, from 17 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of NPST calculated?
We run Network People Services Technologies Limited through 17 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹465.77, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. Network People Services Technologies Limited itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Network People Services Technologies Limited (NPST)?
The closing price on Oct 1, 2026 was ₹1,767. Our model-based fair value is ₹465.77, about −74% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Network People Services Technologies Limited right now?
The price sits above even our optimistic bull case (₹582.21). The favourable scenario is already priced in. Weak quality (30/100) and above fair value at the same time, the margin of safety is missing on both counts.

Key figures of Network People Services Technologies Limited

How large is the market capitalisation of Network People Services Technologies Limited (NPST)?
The market capitalisation of Network People Services Technologies Limited is ₹40.3B (≈ $418M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Network People Services Technologies Limited (NPST)?
The price-to-sales ratio of Network People Services Technologies Limited is 18.0 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Network People Services Technologies Limited (NPST)?
Earnings per share at Network People Services Technologies Limited are ₹20.60 (price ÷ EPS = P/E 85.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Network People Services Technologies Limited (NPST)?
The dividend yield of Network People Services Technologies Limited is 0.1% (payout 9.7%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Network People Services Technologies Limited (NPST)?
The net margin of Network People Services Technologies Limited is 20.9% (fiscal year 2026). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Network People Services Technologies Limited (NPST)?
The return on equity (ROE) of Network People Services Technologies Limited is 17.2% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Network People Services Technologies Limited (NPST)?
On an EBIT basis the return on assets of Network People Services Technologies Limited is 23.0% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Network People Services Technologies Limited (NPST)?
The operating margin of Network People Services Technologies Limited is 15.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Network People Services Technologies Limited (NPST)?
Revenue at Network People Services Technologies Limited is growing +135% versus a year earlier (3y avg +68.4%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Network People Services Technologies Limited (NPST)?
Earnings per share at Network People Services Technologies Limited are growing +90.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Network People Services Technologies Limited (NPST) generate?
The free cash flow of Network People Services Technologies Limited is −₹810M (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Network People Services Technologies Limited (NPST) hold?
Network People Services Technologies Limited holds more cash than debt, ₹3.0B net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
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