Netweb Share Price: Is This AI Boom Stock Worth ₹3,374?

You know what's wild? Yesterday morning, Netweb Technologies was trading at ₹3,098. By market close, it hit ₹3,481. That's a 12.33% jump in ONE day.

Why? They announced a new "Make in India" AI supercomputing system powered by NVIDIA's Grace Blackwell platform.

Classic Indian stock market behavior. Company announces something with "AI" and "NVIDIA" in the same sentence, stock goes vertical. Nobody asks whether the price already factors in the next 5 years of growth.

But here's the thing—unlike most AI hype stocks, Netweb actually has real business. They're not just talking about AI. They're building the hardware that powers AI data centers in India. Their Q3 revenue jumped 141% year-over-year. That's not hype. That's actual execution.

So the real question is: at ₹3,374 (as of February 19, 2026) with a P/E ratio of 110, is Netweb expensive momentum or the real deal?

Let me break down what I found after spending the last two days researching this company.

What is Netweb Technologies? (The Basics)

Most people searching "Netweb share price" today probably discovered this company this week. So let me explain what they actually do.

Netweb Technologies India Limited builds high-performance computing systems and data center infrastructure. Think of them as the people who build the physical hardware that AI companies need to train their models.

Core Business:

AI supercomputing systems (NVIDIA-based servers)
Data center infrastructure (servers, storage, networking)
High-performance computing (HPC) solutions
Cloud infrastructure for hyperscalers

Founded: 1999 Listed: January 2023 (relatively new to stock market) Headquarters: Gurugram, Haryana Manufacturing: Haryana (Make in India compliant)

Market Cap: ₹19,214 crore (as of Feb 19, 2026)

Unlike software companies that just rent cloud space, Netweb builds the actual physical servers and systems. They're an OEM (Original Equipment Manufacturer) for companies like NVIDIA.

Who are their customers?

Cloud service providers (E2E Networks, Yotta, etc.)
AI research organizations
Government AI Mission programs
Large enterprises building private AI infrastructure

Think of it this way: when a company in India wants to build an AI data center, they need thousands of GPU servers. Netweb builds and supplies those.

Current Stock Status (February 19, 2026)

Current Price: ₹3,374.40 (NSE Live Data) Yesterday's Close: ₹3,481 (after the NVIDIA announcement spike) 52-Week High: ₹4,479.00 52-Week Low: ₹1,251.55 Market Cap: ₹19,214.06 crore P/E Ratio: 110.85 1-Year Return: +169% (yes, stock has almost tripled)

The stock is trading about 25% below its 52-week high but still significantly elevated from its lows.

Recent volatility:

February 18: Surged 12.33% on NVIDIA partnership news
January 2026: Hit ₹4,479 peak during broader data center stock rally
October 2025: Was trading around ₹2,000-2,200

According to Groww stock data, the stock has been on a wild ride as the market tries to figure out how to value India's AI infrastructure boom.

The NVIDIA Partnership: What Actually Happened?

On February 18, 2026, Netweb announced the launch of Tyrone Camarero AI Supercomputing Systems powered by NVIDIA's Grace Blackwell platform.

Two products:

1. Tyrone Camarero Spark

This is being marketed as "one of the world's smallest AI supercomputers." Specs:

Size: 5.9 x 5.9 x 2 inches (fits on a desk)
Power: 240 watts
Performance: 1 petaflop of AI performance
Memory: 128GB unified memory
Based on NVIDIA GB10 Grace Blackwell Superchip

What's it for? Small to medium AI workloads, developers, startups doing AI model testing. It's already shipping to select AI organizations in India.

2. Tyrone GB200 System

This is the beast. One complete rack includes:

20 Tyrone GB200 MGX systems
40 NVIDIA Grace CPUs
80 NVIDIA Blackwell GPUs
Liquid cooling (because 80 GPUs generate insane heat)
High-performance storage
End-to-end security

What's it for? Large-scale AI training, generative AI, enterprise AI workloads. This is what serious AI companies buy.

Here's what impressed me: These systems are manufactured in India under the "Make in India" mission. This gives Netweb a strategic advantage for government contracts and the India AI Mission.

Source: Business Standard - Netweb NVIDIA Launch

Q3 FY26 Results: The Numbers Don't Lie

Let's talk about actual business performance, not just announcements.

Q3 FY26 (Quarter ended December 2025):

Revenue: ₹804.93 crore (up 141% YoY from ₹333.99 crore) Net Profit: ₹73.31 crore (up 146.67% YoY from ₹29.72 crore) EBITDA: ₹97.95 crore (up 127.1% YoY) EBITDA Margin: 12.2% (vs 12.9% in Q3 FY25)

Key Highlight: 64.2% of Q3 revenue came from AI Systems. This is no longer a "someday AI will be big" story. AI is already their core business.

During Q3, Netweb executed a single strategic order worth ₹450.39 crore, reaffirming their position as India's largest OEM in high-end computing solutions.

Source: Trendlyne - Netweb Q3 Results

My take on these numbers:

Revenue growth of 141% is insane. You don't see this often outside of startups. The profit growing at similar pace (147%) shows they're not just buying revenue with discounts—they're maintaining margins while scaling.

But here's the concern: EBITDA margin actually dropped 70 basis points to 12.2%. Why? Probably pricing pressure as they scale and competition intensifies. If margins keep compressing while they chase growth, that's a red flag.

Still, growing revenue 141% with 12% EBITDA margins is impressive in hardware business. Hardware typically has thin margins (5-8%). Netweb is doing better than industry average.

Netweb vs E2E Networks vs Yotta: Who's Winning the AI Race?

Everyone's asking: "Should I buy Netweb or E2E Networks?" Let me clear up the confusion.

These companies do DIFFERENT things:

Netweb Technologies:

Business: Builds and sells AI hardware/servers (OEM)
Revenue Model: Sells equipment, one-time revenue per order
Q3 Revenue: ₹804.93 crore
Margins: 12.2% EBITDA
Current Price: ₹3,374
Stock Performance (Feb 18): +8.90% (after initial 14% spike)

E2E Networks:

Business: Cloud service provider (runs data centers, rents compute)
Revenue Model: Recurring revenue from cloud hosting
Q1 FY26 Revenue: Approx ₹301.2 crore (smaller scale)
Recent News: Setting up Blackwell GPU cluster on TIR platform at L&T Vyoma Data Center, Chennai
Current Price: ₹2,850.40 (Feb 18)
Stock Performance (Feb 18): +11.50% (hit 20% circuit before cooling)

Yotta Data Services:

Business: Data center infrastructure provider
Investment: $2 billion for 20,736 NVIDIA Blackwell Ultra GPUs in Noida (60MW facility)
Scale: Over 10,000 B300 GPUs committed to IndiaAI Mission
Status: Not publicly listed (so you can't buy the stock even if you wanted to)

Source: Upstox - Data Center Stock Comparison

Which is the better investment?

Honestly? It depends on what you believe:

Buy Netweb if: You think demand for AI hardware will explode and Netweb can keep winning large orders. You're betting on hardware sales growth. Risk: one-time revenue, needs constant new orders.

Buy E2E Networks if: You believe recurring revenue from cloud services is more sustainable. You're betting on long-term cloud infrastructure adoption. Risk: intense competition from AWS, Google Cloud, Azure.

Yotta: Can't buy it. It's private. Stop searching for "Yotta share price."

My honest view: I like Netweb's business model better for the next 2-3 years. Why? India is in the infrastructure BUILD phase. Everyone's rushing to buy hardware right now. E2E will benefit later when those data centers start generating recurring cloud revenue.

But Netweb at P/E 110 vs E2E at whatever valuation... you're paying expensive multiples for both. This isn't value investing. This is growth momentum investing.

The India AI Boom: Real or Hype?

Let me address the elephant in the room: Is the AI data center boom in India sustainable, or is this another "next big thing" that crashes in 18 months?

The bull case for India AI infrastructure:

1. Government backing: IndiaAI Mission is a government initiative supporting sovereign AI development. Netweb is positioned to supply infrastructure for this.

2. Data localization: India's data protection laws encourage local data center build-out. MNCs need India-based AI infrastructure.

3. Growing market: India's data center market is growing at 25% CAGR according to NVIDIA India AI blog.

4. Manufacturing advantage: Netweb builds in India, making them eligible for government contracts that require "Make in India" compliance.

The bear case (reality check):

1. Capex lumpy: AI data center spending is lumpy. Companies spend big one quarter, then nothing for 6 months. Netweb's revenue will be volatile.

2. Competition: AWS, Google, Microsoft are also building AI infrastructure in India. They have way deeper pockets.

3. Technology risk: NVIDIA releases new GPU generations every 18-24 months. Netweb needs to constantly upgrade or their systems become obsolete.

4. Profitability pressure: As market matures, margins will compress. We're already seeing EBITDA margin slip from 12.9% to 12.2%.

My verdict: The AI boom in India is real, but it's early. We're in the "gold rush" phase where everyone's buying shovels (Netweb's hardware). This phase lasts 2-3 years, then consolidation happens.

Netweb will benefit short-term. Long-term success depends on whether they can:

Keep winning orders as competition increases
Maintain margins as pricing pressure builds
Diversify beyond just NVIDIA partnership (single vendor risk)

Promoter Holding and Management

Promoter Holding: 66.98% (as of February 2026)

This dropped recently because promoters—Sanjay Lodha, Navin Lodha, Niraj Lodha, and Vivek Lodha—sold some shares on February 12, 2026.

Is promoter selling a red flag?

Not necessarily. Promoters held nearly 70%+ earlier. Reducing to 67% is reasonable profit booking, especially after the stock tripled. They still have significant skin in the game.

Management:

Sanjay Lodha - Chairman & Managing Director (since 1999)

Five-year term extended through August 2031
Promoter and founder

Vivek Lodha, Niraj Lodha, Navin Lodha - Whole-time Directors (extended terms through 2031)

Family-run business: Yes, the Lodha family controls this. This has pros and cons.

Pros:

Long-term thinking (not quarterly pressure)
Quick decision-making
Founder commitment

Cons:

Corporate governance risks (family businesses sometimes favor family over minority shareholders)
Succession planning concerns
Less professional management structure

Sources: Simply Wall St - Netweb Management, InvestyWise - Promoter Sale

Analyst Target Prices: What the "Experts" Say

Here's where it gets messy. Analysts can't agree on what Netweb is worth.

Consensus Rating: Strong Buy (3 out of 3 analysts recommend buying)

Price Targets (12-month):

Average Target: ₹3,863 (upside of 14.5% from ₹3,374)
High Estimate: ₹4,150
Low Estimate: ₹3,629

But wait, there's more confusion:

Some analysts have target of ₹3,980 (17.95% upside)
Others show target of ₹2,877.33 (15% downside!)
Conservative estimates for 2026: ₹2,600-2,800 range

Source: Trendlyne Analyst Estimates

Why the huge variance?

Because Netweb is a new stock (listed only in Jan 2023) in a new sector (AI infrastructure) with limited operating history. Analysts are guessing.

My take: Ignore the target prices. Focus on the business fundamentals. If Netweb keeps growing revenue 100%+ and maintains margins, stock will go up regardless of analyst targets. If growth stalls or margins compress, stock will fall even if analysts say "buy."

Analyst price targets on high-growth stocks are basically astrology with Excel spreadsheets.

Risks You Need to Know About

Let me be the guy who actually talks about what could go wrong:

1. Sky-High Valuation (P/E 110)

You're paying ₹110 for every ₹1 of earnings. For context:

TCS P/E: ~28
Infosys P/E: ~26
Tech Mahindra P/E: ~30
Nifty 50 average: ~22

Netweb P/E is 4x-5x higher than established tech companies. Any earnings disappointment will crash this stock 30-40% in days.

2. Single Vendor Dependency (NVIDIA)

Almost all of Netweb's AI business is built on NVIDIA partnership. What if:

NVIDIA decides to work directly with data centers?
NVIDIA launches competing products?
AMD or Intel win market share in AI chips?

Netweb would struggle.

3. Lumpy Revenue (Order-Based Business)

₹450 crore order in Q3? Great. But what about Q4 and Q1 FY27? If orders don't keep coming, revenue could drop 40-50% quarter-to-quarter.

This isn't a recurring revenue SaaS business. This is "win big orders or suffer" business.

4. Competition from Hyperscalers

AWS, Microsoft Azure, and Google Cloud are building their own AI infrastructure in India. Why would they buy from Netweb when they can build internally or source directly from NVIDIA?

5. Technology Obsolescence

NVIDIA releases new GPU generations every 18 months. Netweb's current Grace Blackwell systems could be outdated by 2027. They need constant R&D investment to stay relevant.

6. Margin Compression

We already saw EBITDA margin drop from 12.9% to 12.2%. As market matures and competition increases, margins will compress further. If margins fall to 8-9%, profitability takes a big hit.

What Should You Actually Do?

Let me give you scenarios based on your investor type:

If You Don't Own Netweb and Are Thinking of Buying

At ₹3,374 with P/E 110, this is expensive.

But:

Growth is real (141% revenue growth)
Market opportunity is massive (India AI boom is just starting)
Company is execution-focused (shipping actual products, not vaporware)

My strategy if I was buying today:

Don't go all-in. Buy a starter position (20-25% of what you plan to invest) at current levels. Keep 75% cash to:

Add more if stock corrects to ₹2,800-3,000 range
Average up if growth continues and stock proves resilient above ₹3,500

Set a strict stop-loss: If stock breaks below ₹3,000, exit. At P/E 110, downside risk is massive if growth story breaks.

Investment horizon: 2-3 years minimum. This is volatile. Don't expect steady returns.

If You Already Own Netweb (Bought Below ₹2,000)

Book partial profits. You're up 50-70%. Lock in some gains.

My strategy:

Sell 40-50% and take profits off the table
Hold remaining 50-60% for continued growth
Move stop-loss to ₹3,000 (protect capital)

Why? Momentum stocks can keep running longer than you expect. But they also crash faster than you can react. Booking profits ensures you win either way.

If You're Building a Long-Term Portfolio

Netweb should be max 5-10% of your equity portfolio.

This is a high-risk, high-reward bet on India's AI infrastructure buildout. Don't make it your core holding.

Better portfolio allocation:

30-40%: Large-cap stable companies (TCS, Infosys, HDFC Bank)
30-40%: Diversified mutual funds / Index funds
20-30%: Growth stocks (Netweb, E2E, other emerging tech)
10%: Cash for opportunities

For systematic investors: Consider SIP-style accumulation if you believe in the 3-5 year story. Invest ₹X every month regardless of price. Check our SIP guide for methodology.

My Personal Take on Netweb

I'm going to be completely honest: I don't own Netweb yet. But I'm watching it closely.

What I like:

Real revenue growth (not just GMV or "orders won")
Positioned in the right sector at right time (AI infrastructure)
Make in India advantage for government contracts
Management seems execution-focused

What concerns me:

Valuation is rich (P/E 110 scares me)
Margin compression trend (12.9% to 12.2%)
Dependency on NVIDIA partnership
Order-based lumpy revenue

Would I buy at ₹3,374?

Maybe. A small position (3-5% of portfolio) with clear stop-loss at ₹3,000. This is a "let's see if they can sustain growth" bet, not a conviction buy.

What would make me more bullish?

Q4 FY26 results showing continued 100%+ growth
Announcement of diversification beyond NVIDIA (AMD partnership, custom designs, etc.)
Improved margins (proving pricing power)
More long-term contracts vs one-off orders

At what price would I back up the truck?

If this stock corrects to ₹2,200-2,500 range (P/E ~70-80) and fundamentals remain intact, I'd buy aggressively. At P/E 80 with 100% growth, valuation starts making sense.

Budget 2026 Impact on Data Center Stocks

One more thing worth mentioning: Union Budget 2026 announced tax incentives for data centers.

According to Upstox news, data center stocks including Netweb, E2E Networks, and Anant Raj surged up to 13% on this announcement.

What this means:

Lower tax burden on data center operators
More data centers = more demand for Netweb's equipment
Supports the multi-year AI infrastructure buildout thesis

My take: Tax incentives are nice, but they're already priced into current valuations. Don't buy just because of budget announcements. Buy if business fundamentals justify it.

How to Track Netweb Going Forward

If you own Netweb or are watching to buy, track these metrics:

Quarterly:

Revenue growth (is 100%+ growth sustainable?)
Order book value (new orders won)
EBITDA margin (watch for compression)
Mix of AI revenue vs traditional systems

Annual:

Return on Equity (ROE)
Debt levels (are they borrowing to fund growth?)
Cash flow from operations (profits converting to cash?)

News to watch:

New NVIDIA product launches (affects Netweb's product pipeline)
IndiaAI Mission contract awards
Competitor moves (E2E, Yotta, international players)

Key events:

Q4 FY26 results (March/April 2026)
Annual general meeting (typically August)
Budget 2027 (potential new AI/data center policies)

Frequently Asked Questions

Is Netweb Technologies a good buy at current price?

At ₹3,374 with P/E of 110, Netweb is expensive but growing fast (141% revenue growth). Good for growth investors willing to take risk. Too expensive for value investors. Consider buying in tranches with stop-loss at ₹3,000.

What is Netweb Technologies target price for 2026?

Analyst consensus target is ₹3,863 (14.5% upside), with range from ₹2,600 to ₹4,150. High variance reflects uncertainty. Focus on business execution rather than analyst targets.

Is Netweb better than E2E Networks?

Different business models. Netweb sells AI hardware (one-time revenue), E2E provides cloud services (recurring revenue). Netweb likely outperforms in near-term during infrastructure build phase. E2E might be better long-term bet on recurring cloud revenue.

What percentage of Netweb revenue comes from AI systems?

64.2% of Q3 FY26 revenue came from AI systems. This has become their core business, not a side opportunity.

Is Netweb's NVIDIA partnership exclusive?

No public information suggests exclusivity. Netweb is an OEM partner, but NVIDIA likely works with multiple Indian partners. Single vendor dependency is a risk.

Why is Netweb share price falling today?

Stock is volatile. After February 18 spike to ₹3,481, some profit booking is normal. Long-term direction depends on Q4 results and sustained order flow, not daily movements.

Should I invest ₹1 lakh in Netweb now?

Not all at once. Given P/E of 110, invest ₹20,000-25,000 now, keep ₹75,000 to buy more if stock corrects or proves growth sustainability. Set stop-loss at ₹3,000. Don't invest more than 5-10% of total portfolio in single high-risk stock.

Final Verdict: Netweb at ₹3,374

Growth: Excellent (141% revenue, 147% profit in Q3) Valuation: Expensive (P/E 110, rich even for growth stock) Business Model: Solid (AI infrastructure demand is real) Risk Level: High (valuation risk, competition, margin pressure)

My rating: 3.5/5 stars (Good business, expensive price)

The bottom line: Netweb Technologies is riding a genuine wave—India's AI infrastructure boom is real, not hype. The company is executing well with 141% revenue growth and meaningful NVIDIA partnerships.

But at P/E 110, you're paying premium price for premium growth. This works beautifully if growth continues at 100%+ for next 2-3 years. It crashes badly if growth slows to 40-50% or margins compress further.

This is not a stock for conservative investors or people who can't stomach 30-40% drawdowns. This is for growth investors who understand they're paying for future potential, not current valuation.

What I'd do with ₹1 lakh today:

₹25,000 in Netweb (starter position with stop-loss at ₹3,000)
₹35,000 in large-cap tech (TCS, Infosys for stability)
₹25,000 in diversified equity mutual fund
₹15,000 cash (to buy Netweb if it corrects to ₹2,800)

For investors interested in government spending themes, check our Union Budget 2026 analysis to understand where capital is flowing.

If you're building emergency funds before taking stock market risks, our emergency fund guide explains how to secure your base before chasing growth stocks.

Disclaimer: This article is for educational purposes only and not investment advice. Netweb Technologies India Limited is a legitimate NSE/BSE listed company and all data is from public sources. Stock markets are subject to risk, including loss of principal. The author's views are based on publicly available information and may differ from other analysts. P/E ratios and valuations discussed are as of February 19, 2026 and subject to change. Past performance is not indicative of future results. Please consult a SEBI-registered investment advisor before making investment decisions.

Sources:

Netweb Share Price Today: ₹3,374 | AI Data Center Boom Play | vs Yotta, E2E | Should You Buy?