N2N Technologies Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹27.82Overvalued by 11.40%vs CMP ₹31.40

P/E (6.7) × ROE (24.0%) × BV (₹21.30) × DY (2.00%)

₹48.25Undervalued by 53.66%vs CMP ₹31.40
MoS: +34.9% (Strong)Confidence: 48/100 (Moderate)Models: 5 Under, 3 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹50.7126%Under (+61.5%)
Graham NumberEarnings₹47.5116%Under (+51.3%)
Earnings PowerEarnings₹4.2813%Over (-86.4%)
DCFCash Flow₹113.9213%Under (+262.8%)
Net Asset ValueAssets₹21.398%Over (-31.9%)
Earnings YieldEarnings₹47.108%Under (+50%)
ROCE CapitalReturns₹67.1910%Under (+114%)
Revenue MultipleRevenue₹2.196%Over (-93%)
Consensus (8 models)₹48.25100%Undervalued
Key Drivers: EPS CAGR 82.3% lifts DCF — verify sustainability. | Wide model spread (₹2–₹114) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 82.3%

*Investments are subject to market risks

Analyst Summary

N2N Technologies Ltd operates in the IT Enabled Services segment, NSE: NNTL | BSE: 512279, current market price is ₹31.40, market cap is 10.1 Cr.. At a glance, stock P/E is 6.67, ROE is 24.0 %, ROCE is 4.04 %, book value is 21.3, dividend yield is 0.00 %. The latest intrinsic value estimate is ₹48.25, which is about 53.7% above the current price, so the page currently reads as potentially undervalued rather than fully priced. On operating trend, latest reported sales are about ₹1 Cr versus the prior period change of -12.4%, while latest net profit is about ₹1 Cr with a prior-period change of 4,266.7%. The 52-week range shown on this page is 42.2/14.8, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisN2N Technologies Ltd. is a Public Limited Listed company incorporated on 30/01/1985 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is…

This summary is generated from the stock page data available for N2N Technologies Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

54
N2N Technologies Ltd scores 54/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health55/100 · Moderate
ROCE 4.0% WeakROE 24.0% ExcellentD/E 1.88 High debtInterest Coverage 0.0x RiskyProfitable 3/5 years Mixed
Smart Money50/100 · Moderate
Promoter holding at 50.4% Stable
Earnings Quality40/100 · Moderate
OPM contracting (2% → -9%) Declining
Quarterly Momentum70/100 · Strong
Revenue (4Q): +16% YoY GrowingOPM: 2.0% (up 16.7% YoY) Margin expansion
Industry Rank55/100 · Moderate
P/E 6.7 vs industry 26.8 Cheaper than peersROCE 4.0% vs industry 19.2% Below peers

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 26, 2026, 1:44 am

Market Cap 10.1 Cr.
Current Price 31.4
Intrinsic Value₹48.25
High / Low 42.2/14.8
Stock P/E6.67
Book Value 21.3
Dividend Yield0.00 %
ROCE4.04 %
ROE24.0 %
Face Value 10.0
PEG Ratio0.08

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for N2N Technologies Ltd

Competitors

Stock Name Market Cap Current Price High / Low Stock P/E Book Value Dividend Yield ROCE ROE Face Value
N2N Technologies Ltd 10.1 Cr. 31.4 42.2/14.86.67 21.30.00 %4.04 %24.0 % 10.0
Route Mobile Ltd 3,135 Cr. 498 1,160/41110.2 4012.21 %17.7 %14.5 % 10.0
Reliable Data Services Ltd 137 Cr. 133 175/60.112.6 58.60.03 %16.6 %17.2 % 10.0
HOV Services Ltd 93.0 Cr. 73.9 111/41.518.0 19.10.00 %20.1 %18.0 % 10.0
eClerx Services Ltd 13,807 Cr. 1,468 2,498/1,15320.6 2790.03 %28.0 %22.8 % 10.0
Industry Average6,122.47 Cr483.0026.83178.810.53%19.21%20.30%7.41

All Competitor Stocks of N2N Technologies Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 0.200.300.380.450.490.290.330.340.340.360.330.320.50
Expenses 0.200.310.360.380.470.410.450.380.390.390.350.320.49
Operating Profit 0.00-0.010.020.070.02-0.12-0.12-0.04-0.05-0.03-0.020.000.01
OPM % 0.00%-3.33%5.26%15.56%4.08%-41.38%-36.36%-11.76%-14.71%-8.33%-6.06%0.00%2.00%
Other Income 0.000.000.000.000.000.000.000.000.001.580.000.000.00
Interest 0.000.000.000.000.000.000.000.000.000.000.000.000.00
Depreciation 0.000.010.000.000.000.020.000.000.000.020.000.000.00
Profit before tax 0.00-0.020.020.070.02-0.14-0.12-0.04-0.051.53-0.020.000.01
Tax % 0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Net Profit 0.00-0.010.020.070.02-0.14-0.12-0.04-0.051.53-0.020.000.01
EPS in Rs 0.00-0.030.060.220.06-0.43-0.37-0.12-0.154.74-0.060.000.03

Last Updated: March 3, 2026, 9:02 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 18, 2026, 11:02 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 0.090.000.000.000.000.000.000.000.000.611.611.411.51
Expenses 0.520.130.120.210.120.100.080.424.650.581.631.661.55
Operating Profit -0.43-0.13-0.12-0.21-0.12-0.10-0.08-0.42-4.650.03-0.02-0.25-0.04
OPM % -477.78%4.92%-1.24%-17.73%-2.65%
Other Income 0.000.140.18-2.650.210.000.000.000.000.000.000.001.58
Interest 0.000.000.000.000.000.000.000.000.000.010.000.000.00
Depreciation 0.020.080.080.070.010.000.004.580.000.010.020.020.02
Profit before tax -0.45-0.07-0.02-2.930.08-0.10-0.08-5.00-4.650.01-0.04-0.271.52
Tax % 0.00%0.00%0.00%0.00%0.00%20.00%0.00%0.00%0.00%-200.00%-175.00%-585.19%
Net Profit -0.45-0.08-0.02-2.940.08-0.12-0.08-4.99-4.650.030.031.311.52
EPS in Rs -1.02-0.18-0.05-9.110.25-0.37-0.25-15.46-14.400.090.094.064.71
Dividend Payout % 0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)82.22%75.00%-14600.00%102.72%-250.00%33.33%-6137.50%6.81%100.65%0.00%4266.67%
Change in YoY Net Profit Growth (%)0.00%-7.22%-14675.00%14702.72%-352.72%283.33%-6170.83%6144.31%93.83%-100.65%4266.67%

N2N Technologies Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:%
5 Years:%
3 Years:%
TTM:-12%
Compounded Profit Growth
10 Years:34%
5 Years:79%
3 Years:32%
TTM:935%
Stock Price CAGR
10 Years:0%
5 Years:34%
3 Years:47%
1 Year:29%
Return on Equity
10 Years:-8%
5 Years:-24%
3 Years:9%
Last Year:22%

Last Updated: September 5, 2025, 3:46 pm

Balance Sheet

Last Updated: January 7, 2026, 5:40 pm

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 4.414.414.413.233.233.233.233.233.233.233.233.234.01
Reserves 14.3414.2614.2411.2811.3611.2411.166.171.521.551.582.892.87
Borrowings 0.030.030.130.790.790.920.940.940.960.961.011.430.65
Other Liabilities 0.510.530.520.620.610.490.490.510.580.740.720.991.05
Total Liabilities 19.2919.2319.3015.9215.9915.8815.8210.856.296.486.548.548.58
Fixed Assets 9.549.459.389.179.179.159.154.580.000.040.040.040.03
CWIP 0.000.000.000.000.000.000.000.000.000.000.000.000.00
Investments 3.253.253.250.000.000.000.000.000.000.000.000.000.00
Other Assets 6.506.536.676.756.826.736.676.276.296.446.508.508.55
Total Assets 19.2919.2319.3015.9215.9915.8815.8210.856.296.486.548.548.58

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 0.24-0.14-0.16-3.14-0.31-0.08-0.06-0.40-0.020.02-0.03-0.40
Cash from Investing Activity + -13.380.140.183.450.200.000.000.400.00-0.04-0.02-0.02
Cash from Financing Activity + 13.140.000.00-0.130.000.000.000.000.030.020.050.42
Net Cash Flow 0.000.000.010.18-0.12-0.08-0.060.000.000.000.000.00
Free Cash Flow -9.23-0.14-0.16-3.14-0.31-0.08-0.06-0.40-0.02-0.02-0.05-0.42
CFO/OP -56%108%133%1,486%242%80%75%95%0%67%150%160%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-0.46-0.16-0.25-1.00-0.91-1.02-1.02-1.36-5.61-0.93-1.03-1.68

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 3,568.8971.8027.20139.79
Inventory Days 1,825.00182.50
Days Payable 17,885.004,380.00
Cash Conversion Cycle -12,491.1171.8027.20139.79
Working Capital Days 23,116.67-365.00-131.49-113.90
ROCE %-3.12%-0.37%-0.11%-0.35%0.52%-0.65%-0.52%-38.96%-57.94%0.35%-0.69%19.61%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 50.37%50.37%50.37%50.37%50.37%50.37%50.37%50.37%50.37%50.37%50.37%50.37%
DIIs 0.00%0.00%0.00%0.00%0.00%0.00%4.25%4.25%4.25%4.25%4.25%4.25%
Public 49.63%49.64%49.64%49.64%49.62%49.62%45.38%45.38%45.38%45.38%45.39%45.38%
No. of Shareholders 647645669709759801730739750743765768

Shareholding Pattern Chart

No. of Shareholders

N2N Technologies Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE / ROE Trend

EPS Trend

Key Financial Ratios

MonthMar 16Mar 15Mar 14Mar 13
FaceValue 10.0010.0010.0010.00
Basic EPS (Rs.) -2.479.4510.9637.40
Diluted EPS (Rs.) -2.479.4510.9634.15
Cash EPS (Rs.) -35.630.27-0.9240.85
Book Value[Excl.RevalReserv]/Share (Rs.) 10.0860.4458.86113.94
Book Value[Incl.RevalReserv]/Share (Rs.) 10.0860.4458.86113.94
Revenue From Operations / Share (Rs.) 17.844.845.78715.03
PBDIT / Share (Rs.) -0.810.26-0.8354.06
PBIT / Share (Rs.) -1.33-0.32-1.2350.61
PBT / Share (Rs.) -36.15-0.38-1.3241.85
Net Profit / Share (Rs.) -36.14-0.32-1.3237.40
NP After MI And SOA / Share (Rs.) -24.739.4511.0624.55
PBDIT Margin (%) -4.565.57-14.507.56
PBIT Margin (%) -7.46-6.81-21.277.07
PBT Margin (%) -202.65-7.86-22.835.85
Net Profit Margin (%) -202.62-6.73-22.835.23
NP After MI And SOA Margin (%) -138.64195.36191.233.43
Return on Networth / Equity (%) -137.7718.0320.0025.64
Return on Capital Employeed (%) -2.83-0.54-2.0834.44
Return On Assets (%) -42.989.5415.247.67
Long Term Debt / Equity (X) 2.060.010.000.26
Total Debt / Equity (X) 2.060.630.181.88
Current Ratio (X) 2.910.882.331.60
Quick Ratio (X) 2.900.882.321.60
Interest Coverage Ratio (X) -2.845.27-10.566.17
Interest Coverage Ratio (Post Tax) (X) -4.62-5.36-15.505.27
Enterprise Value (Cr.) 33.9430.7124.5271.43
EV / Net Operating Revenue (X) 4.3214.419.620.35
EV / EBITDA (X) -94.51258.53-66.344.72
MarketCap / Net Operating Revenue (X) 2.696.207.200.08
Price / BV (X) 2.670.570.750.66
Price / Net Operating Revenue (X) 2.696.207.200.08
EarningsYield -0.510.310.260.38

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

N2N Technologies Ltd. is a Public Limited Listed company incorporated on 30/01/1985 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L72900PN1985PLC145004 and registration number is 145004. Currently Company is involved in the business activities of Computer programming, consultancy and related activities. Company's Total Operating Revenue is Rs. 1.41 Cr. and Equity Capital is Rs. 3.23 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
IT Enabled ServicesOffice No 909, Budhwar Peth, Pune Maharashtra 411002Contact not found
Management
NamePosition Held
Mr. Rahul ShahManaging Director
Ms. Trupti PanditDirector & CEO
Mr. Tushar ShahDirector & CFO

FAQ

What is the intrinsic value of N2N Technologies Ltd and is it undervalued?

As of 26 April 2026, N2N Technologies Ltd's intrinsic value is ₹48.25, which is 53.66% higher than the current market price of ₹31.40, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (24.0 %), book value (₹21.3), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of N2N Technologies Ltd?

N2N Technologies Ltd is trading at ₹31.40 as of 26 April 2026, with a FY2026-2027 high of ₹42.2 and low of ₹14.8. The stock is currently in the middle of its 52-week range. Market cap stands at ₹10.1 Cr..

How does N2N Technologies Ltd's P/E ratio compare to its industry?

N2N Technologies Ltd has a P/E ratio of 6.67, which is below the industry average of 26.83. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is N2N Technologies Ltd financially healthy?

Key indicators for N2N Technologies Ltd: ROCE of 4.04 % is on the lower side compared to the industry average of 19.21%; ROE of 24.0 % shows strong shareholder returns. Dividend yield is 0.00 %.

Is N2N Technologies Ltd profitable and how is the profit trend?

N2N Technologies Ltd reported a net profit of ₹1 Cr in Mar 2025 on revenue of ₹1 Cr. Compared to ₹-5 Cr in Mar 2022, the net profit shows an improving trend.

Does N2N Technologies Ltd pay dividends?

N2N Technologies Ltd has a dividend yield of 0.00 % at the current price of ₹31.40. The company is currently not paying meaningful dividends.

Last Updated: April 26, 2026, 1:44 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 512279 | NSE: NNTL
Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in N2N Technologies Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE