✅ Key Financial Metrics (FY25)
Metric | FY22 | FY23 | FY24 | FY25 | CAGR (FY22–25) |
Revenue from Operations (₹ Mn) | 2,470 | 4,450 | 7,241 | 11,490 | 66.9% |
EBITDA (₹ Mn) | 346 | 700 | 1,025 | 1,600 | 66.6% |
EBITDA Margin | 14.0% | 15.7% | 14.2% | 13.9% | — |
PAT (₹ Mn) | 225 | 469 | 759 | 1,145 | 72.1% |
PAT Margin | 9.1% | 10.6% | 10.3% | 9.9% | — |
ROE | 67.9% | 68.0% | 29.4% | 24.0% | — |
ROCE | 51.6% | 64.4% | 38.5% | 32.6% | — |
🚀 Growth & Strategic Initiatives
- Order Book: ₹3,252 Mn; L1 Position: ₹3,628 Mn; Pipeline: ₹39,714 Mn
- Client Base: 77.7% revenue from repeat customers; 147 new clients in FY25
- Global Expansion: Plans to expand into Europe and Middle East with service networks in 4 countries
🧭 Management Guidance & Strategic Focus
- Launch of Skylus.ai: AI-native cloud platform with GPU abstraction
- Forayed into Network Switches & 5G ORAN
- Upcoming servers powered by Intel Emerald Rapids and AMD Turin
- OEM partnership with NVIDIA to integrate next-gen Blackwell platform GPUs
- Major growth expected in AI, private cloud, and sovereign cloud projects
Segmental Business Snapshot
Segment | FY25 Revenue (₹ Mn) | CAGR (FY22–25) | Share of Revenue |
High-Performance Computing (HPC) | 4,055 | 57.9% | 36% |
Private Cloud & HCI | 4,027 | 103.3% | 37% |
AI Systems & Workstations | 1,694 | 91.0% | 11% |
Enterprise Storage | 948 | 8.2% | 7% |
Data Centre Servers | 373 | 15.7% | 5% |
Cloud Software & Services | 455 | 87.6% | 2% |
📈 Valuation Perspective
- Not explicitly stated, but with strong fundamentals, 66.9% CAGR in revenue, and 72.1% CAGR in PAT, Netweb’s valuation is likely premium among peers in high-performance computing and AI infrastructure.
- ROCE of 32.6% and near-zero net debt indicate capital efficiency and room for sustained investment without overleveraging.
🏢 Data Centre Industry Outlook (India)
- Current Capacity: 600 MW (FY21) ➝ 2,000 MW (FY25E) ➝ 17,000 MW (FY30F)
- CAGR: 53.4% (FY21–25), 35.1% (FY25–30)
- Growth Drivers:
- Surge in Generative AI & LLMs
- Demand from Government AI Missions
- Rising need for on-prem AI and sovereign clouds
- Growing hyperscale & edge data centres
📌 Conclusion
Netweb Technologies has demonstrated:
- Robust financial performance with strong double-digit CAGR
- Efficient capital utilization (ROCE 32.6%, near-zero debt)
- Clear strategic direction with AI, cloud, and high-performance computing
- Positioned to benefit from the explosive growth in AI and Data Centre industries
Netweb Valuation – With current growth guidance of 35-40% topline and 10% pat margin Netweb tech trade at 56xpe fy26, Still expensive along with the negative price trend.