✅ 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.