Boss, NPST ne Q3 FY26 mein numbers toh ekdum fatafat nikale!
Revenue dekh rahe ho? 146% udd gaya, pohanch gaya ₹57.17 Crore par!
Aur profit after tax bhi ₹11.54 Crore bana. EBITDA toh 118% upar bhaaga, ₹18.74 Crore ho gaya.
Par pata hai sabse weird kya hai? Stock seedha 12.50% neeche gir gaya, ₹174 ka bada fall dikha kar, ₹1,218.20 par close hua.
Ye jo disconnect hai na, yeh market ki asli kahani bata raha hai. Asal mein, company ka valuation bohot hi high hai. Iska P/E ratio dekha, 90s se lekar 100s tak hai, matlab ~93x se 115x! Ye TCS jaisi badi companies (~25x P/E) se kaafi zyada hai. Iska matlab market already bohot future growth price mein add kar chuka hai, aur ab thoda correction ho raha hai.
Aur uss din toh poora IT sector hi bechne ki race mein tha. Nifty IT index ~5% neeche gira tha. AI automation wale dar ne sabko hila diya tha.
Company toh apna kaam accha kar rahi hai, digital banking aur fintech mein mandate jeet rahi hai. Pichle kuch saalon mein bhi acha performance dikhaya hai.
Lekin bhai, itne high valuation par thodi si bhi problem dikhi toh price bohot tez gir sakta hai. Risk yeh bhi hai ki analyst coverage zyada nahi hai aur future forecasts bhi clear nahi hain. Thoda shareholder dilution ka chance bhi dikh raha hai. Competition bhi kam nahi hai.
Toh results acche hain, par investment karne se pehle valuation aur market ka mood samajhna zaroori hai.