On 6 Nov 2026, E2E Networks was priced at ₹487.05, or 86.8× trailing earnings, against an industry P/E of 25.1×, and the shares are 36% below their 52-week high. Its ROCE of −0.5% is the lowest among the 7 largest Software (Infrastructure) peers, and sales grew 55% a year over 3 years. Debt is 0.28× equity. It is a small-cap company with a market cap of ₹10,007 Cr, ranked 6th of 25 Software (Infrastructure) companies by market cap; the shares rose 65% over the past year.
- ₹486.90
- ₹507.00
- ₹486.90
- ₹512.50
- 10.6 L
Health check
- ReturnsAhead
+64.6% over a year, better than 7 of 7 peers.
- Price tagPricier
P/E 86.8 vs industry 25.1.
- GrowthStrong
Sales +54.8% a year over 3 years.
- ProfitabilityNegative
ROCE -0.5% vs peer median 10.4%.
- Balance sheetStretched
Debt 0.28× equity, operating profit doesn’t cover interest, Piotroski 3 of 9.
- Red flags3 to check
Return on equity is low at 6.9%.
Small cap
Moves with the market
Key metrics
- Market cap
- ₹10,007 Cr
- Small cap
- P/E
- 86.8
- Industry 25.1
- Price to book
- 5.54
- Peers 4.07
- Dividend yield
- 0.00%
- ROE
- 6.9%
- Peers 13.6%
- ROCE
- −0.5%
- Peers 10.4%
- Debt to equity
- 0.28
- Debt ₹497 Cr
- EPS (TTM)
- ₹5.61
- Face value ₹1
- OPM (TTM)
- 70.9%
- Net margin 21.5%
- Sales growth
- +410.8%
- Latest quarter vs a year ago
- Profit growth
- n/a
- Year-ago quarter not reported
- Price to sales
- 18.32
- EV/EBITDA 26.7
Strengths and risks
Strengths
- Quarterly sales up 410.8% on a year ago.
- Net margin of 21.5%.
- Positive operating cash flow in each of the last 4 years.
Risks to check
- Return on equity is low at 6.9%.
- P/E of 86.8 against an industry P/E of 25.1.
- 36% below its 52-week high.
About E2E Networks
E2E Networks Limited provides cloud computing services in India. The company offers smart dedicated servers, graphics processing units, object storage, content delivery network service, and continuous data protection back up services. It also provides cloud GPUs, linux cloud, infiniband, storage and cloud solutions, containers and serverless, AI labs as a service, and sovereign cloud platform, as well as TIR, an GenAI Platform; and compute and…
- Headquarters
- New Delhi
- Employees
- 207
- Sector
- Technology
- ISIN
- INE255Z01027
- Website
- e2enetworks.com
Price range
- Avg volume (3M)
- 9.4 L
- 1-year return
- plus 64.6%
- From 52-week high
- minus 36.3%
Peers · Software - Infrastructure
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| JPLJio Platforms | 1,406.40 | minus 0.80% | 12,95,158 | 40.8 | 3.57 | 8.9% | 9.4% | 32.8% | – | – | 0.00% | minus 0.8% |
| PAYTMOne 97 Communications | 1,794.40 | plus 0.72% | 1,14,873 | 136.1 | 6.94 | 3.7% | 5.3% | 8.0% | 1.2% | – | 0.00% | plus 40.5% |
| OFSSOracle Financial Services Software | 10,215.00 | plus 0.64% | 89,010 | 25.0 | 11.57 | 43.2% | 47.4% | 51.6% | 10.4% | 13.5% | 2.64% | plus 21.9% |
| PINELABSPine Labs | 162.45 | plus 0.51% | 18,759 | 116.9 | 3.15 | 3.5% | 3.3% | 17.1% | 21.0% | – | 0.00% | minus 35.3% |
| FRACTALFractal Analytics | 808.85 | minus 0.07% | 14,043 | 38.0 | 4.07 | 10.4% | 13.6% | 16.7% | 18.4% | 12.9% | 0.00% | minus 4.5% |
| E2EE2E Networks | 487.05 | minus 4.97% | 10,007 | 86.8 | 5.54 | −0.5% | 6.9% | 70.9% | 54.8% | – | 0.00% | plus 64.6% |
| MPIMANIPALManipal Payment and Identity Solutions | 312.80 | minus 0.81% | 7,251 | 23.8 | 8.78 | 43.4% | 46.2% | 24.9% | 13.7% | 29.1% | 0.00% | minus 9.4% |
| NEWGENNewgen Software Technologies | 440.70 | minus 2.33% | 6,229 | 25.2 | 3.50 | 20.7% | 18.3% | 25.9% | 17.4% | 19.3% | 1.36% | minus 53.6% |
| Median of 7 peers | – | −0.07% | 18,759 | 38.0 | 4.07 | 10.4% | 13.6% | 24.9% | 15.5% | 16.4% | 0.00% | −4.5% |
Quarterly results
| ₹ Cr | Sep 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|
| 43.8 | 70 | 95.6 | 157 | 224 | |
| 25.8 | 30.4 | 37.5 | 38.9 | 52.3 | |
| 18 | 39.6 | 58.1 | 118 | 171 | |
| 41.1% | 56.6% | 60.7% | 75.2% | 76.6% | |
| 8.3 | 5.2 | 5.5 | 11.4 | 9.9 | |
| 2 | 4.7 | 3.7 | 10.1 | 10.3 | |
| 42.8 | 47.6 | 51.3 | 60.6 | 74 | |
| −18.5 | −7.5 | 8.6 | 58.6 | 97.1 | |
| 27.2% | 24.1% | 24.8% | 25.1% | 25.1% | |
| −13.5 | −5.7 | 6.4 | 43.9 | 72.7 | |
| -0.67 | -0.28 | 0.32 | 2.10 | 3.48 |
Profit & loss
- Sales CAGR 3Y
- +54.8%
- ROE
- 6.9%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 66.2 | 94.5 | 164 | 246 | |
| – | +42.7% | +73.6% | +49.8% | |
| 33.1 | 46 | 66.5 | 119 | |
| 33.1 | 48.5 | 97.4 | 127 | |
| 50.0% | 51.3% | 59.4% | 51.6% | |
| 0.7 | 1 | 32.2 | 26.5 | |
| 0.4 | 3.6 | 12.9 | 11.8 | |
| 20.1 | 15.7 | 60.1 | 169 | |
| −0 | 0 | 6.2 | 6.5 | |
| 13.2 | 30.2 | 62.8 | −21.2 | |
| 25.1% | 27.6% | 24.4% | 26.6% | |
| 9.9 | 21.9 | 47.5 | −15.6 | |
| – | +120.7% | +117.2% | minus 132.8% | |
| 0.68 | 1.47 | 2.72 | -0.78 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 14.5 | 14.5 | 20 | 20.6 | |
| 34.9 | 56.4 | 1,573 | 1,664 | |
| 5.9 | 144 | 73 | 159 | |
| 13.1 | 40.4 | 915 | 484 | |
| 68.4 | 255 | 2,581 | 2,328 | |
| 28.5 | 198 | 1,011 | 1,552 | |
| – | – | 636 | 533 | |
| – | 3.9 | 1.2 | 43 | |
| 21.8 | 9 | 1,357 | 357 | |
| 18.1 | 44.2 | −424 | −158 | |
| 68.4 | 255 | 2,581 | 2,328 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 35.5 | 42.9 | 88.5 | 122 | |
| −20.7 | −144 | −983 | −429 | |
| −2.4 | 92.4 | 1,350 | 165 | |
| 12.5 | −8.5 | 456 | −142 | |
| −18.9 | −146 | −126 | −1,262 | |
| 16.6 | −103 | −37.5 | −1,140 |
Shareholding pattern
- Promoters39.40%
- Public60.54%
- Employee trusts0.05%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 39.40% | 60.54% | minus 0.05 | |
| 30 Jun 2026 | 39.45% | 60.50% | 0.00 | |
| 31 Mar 2026 | 39.45% | 60.46% | 0.00 | |
| 26 Feb 2026 | 39.45% | 60.46% | minus 0.85 | |
| 31 Dec 2025 | 40.30% | 59.61% | – |
Major shareholders
Filings & events
News
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