9,000 per cent returns: Multibagger IT stock jumps 9.5 per cent; Company’s equity shares migrating from SME Platform (EMERGE) to Main Board
The stock is up by 98.6 per cent from its 52-week low of Rs 1,080 per share and has given multibagger returns of over 9,000 per cent in 3 years.
Today, shares of Network People Services Technologies Ltd (NPST) jumped 9.50 per cent to Rs 2,145 per share from its previous closing of Rs 1,958.90 per share. The stock’s 52-week high is Rs 3,577 per share and its 52-week low is Rs 1,080 per share.
NPST, a leading fintech and digital payments technology player, has received NSE approval to migrate to mainboard exchanges, signalling a new growth phase. NPST has demonstrated strong profitability, with its 9-month EBITDA growing by 96 per cent year-over-year, revenue by 78 per cent, and PAT surging by 133 per cent year-over-year for FY 2024-25.
Looking ahead, NPST plans significant expansion. The company aims for a 30 per cent increase in its workforce within the next few months. Banking partnerships are set to grow from 12 banks in FY24 to between 18 and 20 banks in FY25. A new revenue stream, RegTech, powered by AI-ML and a 644 million transaction dataset, is planned for industry-wide rollout by mid-April. In the offline payments sector, initial deployment includes 1,000 Soundboxes, with scaling up to 50,000 Soundboxes by FY25-end, and a target of managing 1 million Soundboxes.
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Furthermore, NPST is expanding into new markets, beginning with the Middle East region this year. The company has secured additional orders and expanded its client base for its QR and Soundbox solutions, indicating a robust growth trajectory across its diverse service offerings.
Network People Services Technologies Ltd. (NPST), established in 2013, is a fintech company specializing in UPI payments and digital banking, operating as both a Technology Service Provider (TSP) and a Payment Platform as a Service (PPaaS) provider. NPST delivers software and digital payment solutions to the banking and fintech sectors, focusing on transaction processing, payment platforms, RegTech, and digital engagement. Their technology empowers banks to securely connect to national real-time payment systems and monetize these connections, while enabling fintechs to utilize APIs for real-time online and offline transactions, alongside compliance, fraud, and risk management.
The company has a market cap of over Rs 4,000 crore and has delivered good profit growth of 83 per cent CAGR over the last 5 years. The shares of the company have a PE of 85x, an ROE of 64 per cent and an ROCE of 84 per cent. The stock is up by 98.6 per cent from its 52-week low of Rs 1,080 per share and has given multibagger returns of over 9,000 per cent in 3 years. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.