Netweb Technologies India is a prominent Indian company that specialises in providing high-end computing solutions (HCS). With a strong focus on design and manufacturing, Netweb Technologies India has established itself as a leading player in the HCS market within the country. The company offers a comprehensive range of HCS offerings, catering to diverse computing needs. Their portfolio includes high-performance computing (Supercomputing/HPC) systems, private cloud and hyper-converged infrastructure (HCI), AI systems, enterprise workstations, high-performance storage (HPS/Enterprise Storage System) solutions, data centre servers, and software and services associated with their HCS offerings.
Netweb Technologies India Limited IPO Details
Netweb Technologies India Limited IPO is a fresh issue aggregating up to ₹257 croreand has an offer for sale aggregating to 8.5 million equity shares. The price band is set to ₹500 per equity share. It will list on BSE and NSE.
Netweb Technologies India Limited IPO Objectives
The company proposes to use the net proceeds from the issue towards funding:
- Funding the capital expenditure requirements.
- Funding the long-term working capital requirements.
- Repayment or pre-payment, in full or in part, of certain of the company’s outstanding borrowings.
- General corporate purposes.
Peer Details
Syrma SGS Technology Limited, Kaynes Technology India Limited and Dixon Technologies (India) Limited, which are technology and design-focused companies engaged in electronic manufacturing services have been identified by the company as a proxy set of peers.
Highlights of Netweb Technologies India Ltd
- Netweb Technologies India is a highly regarded company in India's HCS industry. With their integrated design and manufacturing capabilities, they have positioned themselves as a preferred choice for organisations seeking advanced computing solutions.
- Netweb has a track record of good financial performance and consistent growth. Its revenue from operations increased from ₹1,427.87 million in fiscal 2021 to ₹4,449.72 million in fiscal 2023, at a CAGR of 76.53%.
- Moreover, their EBITDA increased from ₹158.86 million in fiscal 2021 to ₹706.93 million in fiscal 2023 at a CAGR of 110.95%.
Netweb Technologies India Company Financials
| Particulars | Fiscal 2023 (Rs. millions) | Fiscal 2022 (Rs. millions) |
|---|---|---|
| Revenue from operations | 4,449.72 | 2,470.33 |
| EBITDA | 706.93 | 355.07 |
| EBITDA Margin | 15.89 | 14.37 |
| Profit For the Period/Year | 469.36 | 224.53 |
| ROE | 68.01 | 67.85 |
Know before investing
Strengths
2The company is one of India’s leading Indian-origin-owned and controlled OEM for HCS with integrated design and manufacturing capabilities.
Netweb has been able to grow both its revenue and profit, without any external equity funding from strategic investors or private equity funds and without high leverage from lenders.
Risks
2Delays in customer payments and receivables may adversely impact the company’s profits and affect its cash flows.
Failure to meet quality standards for the company’s product and solutions offering required by its customers may lead to the cancellation of existing and future orders and expose it to warranty claims, including monetary liability.
