Quick Ratios
Quarterly Results
Profit & Loss
Balance Sheet
Cash Flow
Ratios
Mkt Cap
Market Capitalization
₹42Cr
Telecommunications - Service Provider
Rev Gr TTM
Revenue Growth TTM
-28.92%
Peer Comparison
Compare up to 10 companies side by side across valuation, profitability, and growth.

NETTLINX
VS
| Quarter | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 |
|---|
|
Growth YoY Revenue Growth YoY% | -5.4 | 30.7 | 16.8 | 44.0 | 117.4 | 2.1 | -2.4 | 40.4 | -15.0 | -33.1 | -26.6 | -45.9 |
| 6 | 4 | 5 | 4 | 7 | 5 | 6 | 6 | 10 | 5 | 6 | 5 |
Operating Profit Operating ProfitCr |
| -11.4 | 40.9 | 38.7 | 35.4 | 43.1 | 30.0 | 21.8 | 30.3 | 3.1 | 2.5 | -3.8 | -3.7 |
Other Income Other IncomeCr | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 7 | 0 | 0 | -5 | 0 |
Interest Expense Interest ExpenseCr | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Depreciation DepreciationCr | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 0 | 2 | 2 | 2 | 5 | 2 | 1 | 9 | 0 | 0 | -5 | 0 |
| 0 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 0 | 0 | 0 | 0 |
|
Growth YoY PAT Growth YoY% | 126.3 | 1,200.0 | 2,500.0 | 447.1 | 6,860.0 | -38.5 | -66.1 | 468.6 | -104.3 | -142.9 | -1,026.3 | -104.6 |
| 0.9 | 25.8 | 22.6 | 18.5 | 29.3 | 15.5 | 7.8 | 74.9 | -1.5 | -10.0 | -99.1 | -6.4 |
| 0.1 | 0.8 | 0.7 | 0.5 | 1.4 | 0.5 | 0.2 | 2.8 | -0.1 | -0.2 | -2.2 | -0.1 |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|
|
| 26.2 | 96.5 | -11.2 | -17.3 | 31.1 | 127.2 | -24.5 | -2.6 | -37.0 | 51.1 | 2.4 | -25.2 |
| 11 | 19 | 15 | 13 | 15 | 44 | 32 | 29 | 21 | 20 | 27 | 25 |
Operating Profit Operating ProfitCr |
| -4.0 | 9.3 | 19.3 | 14.8 | 25.8 | 5.8 | 9.3 | 14.6 | 4.3 | 40.2 | 20.2 | 0.2 |
Other Income Other IncomeCr | 1 | 1 | 1 | 2 | 3 | 1 | 0 | 0 | 1 | 0 | 7 | -4 |
Interest Expense Interest ExpenseCr | 1 | 1 | 1 | 2 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
Depreciation DepreciationCr | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| 0 | 2 | 3 | 2 | 5 | 2 | 1 | 3 | 0 | 11 | 12 | -6 |
| 0 | 0 | 1 | 1 | 2 | 1 | 2 | 1 | 1 | 3 | 3 | 0 |
|
| 19.6 | 1,164.4 | 50.8 | -72.8 | 351.7 | -49.7 | -160.8 | 372.5 | -108.5 | 3,848.6 | 1.2 | -175.4 |
| -1.4 | 7.8 | 13.2 | 4.3 | 14.9 | 3.3 | -2.7 | 7.5 | -1.0 | 24.9 | 24.6 | -24.8 |
| -0.1 | 0.7 | 1.1 | 1.3 | 1.4 | 0.8 | -0.3 | 1.2 | 0.0 | 3.4 | 3.4 | -2.6 |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 |
|---|
Equity Capital Equity CapitalCr | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 12 | 24 | 24 | 24 |
| 6 | 7 | 6 | 9 | 17 | 20 | 19 | 25 | 27 | 26 | 38 | 35 |
Current Liabilities Current LiabilitiesCr | 11 | 11 | 13 | 15 | 22 | 30 | 9 | 8 | 8 | 21 | 29 | 16 |
Non Current Liabilities Non Current LiabilitiesCr | 1 | 2 | 4 | 9 | 12 | 15 | 13 | 13 | 10 | 1 | 1 | 0 |
Total Liabilities Total LiabilitiesCr |
Current Assets Current AssetsCr | 22 | 22 | 30 | 29 | 37 | 51 | 29 | 23 | 22 | 33 | 41 | 34 |
Non Current Assets Non Current AssetsCr | 6 | 11 | 9 | 27 | 32 | 32 | 32 | 43 | 45 | 48 | 59 | 41 |
Total Assets Total AssetsCr |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Operating Cash Flow Operating Cash FlowCr | -2 | 1 | -1 | 3 | 6 | 10 | 16 | 7 | -2 | 2 | 5 |
Investing Cash Flow Investing Cash FlowCr | 0 | -2 | -3 | -7 | -3 | -20 | -5 | -9 | -2 | -4 | -8 |
Financing Cash Flow Financing Cash FlowCr | 2 | 1 | 8 | 3 | 1 | 12 | -8 | 0 | -1 | 3 | 3 |
|
Free Cash Flow Free Cash FlowCr | -3 | 0 | -2 | 2 | 2 | 10 | 18 | 5 | -3 | 1 | -6 |
| 1,084.6 | 37.5 | -43.8 | 425.1 | 178.9 | 670.6 | -1,707.6 | 280.6 | 691.2 | 22.2 | 60.0 |
CFO To EBITDA CFO To EBITDA% | 385.2 | 31.3 | -29.9 | 124.7 | 103.7 | 385.7 | 488.6 | 142.8 | -163.2 | 13.8 | 73.0 |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Valuation Ratios Valuation Ratios |
Market Cap Market CapitalizationCr | 28 | 38 | 122 | 80 | 43 | 17 | 77 | 94 | 235 | 286 | 88 |
Price To Earnings Price To Earnings | 0.0 | 22.6 | 52.4 | 0.0 | 13.5 | 10.0 | 0.0 | 33.7 | 0.0 | 35.1 | 10.6 |
Price To Sales Price To Sales | 2.5 | 1.8 | 6.4 | 5.1 | 2.1 | 0.4 | 2.2 | 2.7 | 10.9 | 8.7 | 2.6 |
Price To Book Price To Book | 1.6 | 2.0 | 6.9 | 3.9 | 1.7 | 0.6 | 2.5 | 2.6 | 6.0 | 5.7 | 1.4 |
| -69.4 | 21.1 | 34.2 | 38.6 | 10.7 | 11.1 | 25.0 | 20.1 | 265.4 | 22.7 | 15.7 |
Profitability Ratios Profitability Ratios |
| 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 |
| -4.0 | 9.3 | 19.3 | 14.8 | 25.8 | 5.8 | 9.3 | 14.6 | 4.3 | 40.2 | 20.2 |
| -1.4 | 7.8 | 13.2 | 4.3 | 14.9 | 3.3 | -2.7 | 7.5 | -1.0 | 24.9 | 24.6 |
| 2.0 | 10.3 | 17.8 | 12.0 | 15.9 | 6.8 | 4.9 | 8.8 | 2.6 | 19.0 | 15.4 |
| -0.9 | 8.8 | 14.2 | 3.4 | 10.9 | 4.8 | -3.1 | 7.1 | -0.6 | 16.2 | 13.2 |
| -0.5 | 5.1 | 6.3 | 1.2 | 4.5 | 1.9 | -1.6 | 3.9 | -0.3 | 10.1 | 8.2 |
Operational Ratios Operational Ratios |
Solvency Ratios Solvency Ratios |
Liquidity Ratios Liquidity Ratios |
### **Overview**
**Nettlinx Ltd** is a Hyderabad-based internet infrastructure and IT services company established in 1994, operating for over three decades as a pioneer in converged data, voice, and video networking. The company primarily serves enterprise, government, and institutional clients across Telangana and Andhra Pradesh, supported by a direct presence in **over 93 locations**. Nettlinx holds a **Class B ISP license** and provides high-quality B2B dedicated Internet Leased Lines (1:1), managed network services, and integrated digital solutions.
The company is part of the **Nettlinx Group**, which includes a diversified portfolio of subsidiaries spanning real estate, renewable energy, technology, and international asset management.
---
### **Core Business Segments & Services**
#### **1. Internet & Network Services (ISP & ILL Segment)**
- Provides **Dedicated Internet Leased Lines (ILL)** and **Point-to-Point (P2P)** connectivity to corporates, educational institutions, government bodies, healthcare, and smart city projects.
- Offers **cable and wireless internet**, network management, web hosting, server colocation, enterprise mailing, and e-commerce solutions.
- Supports bandwidth-intensive applications such as **live video streaming**, multi-location communications, and mission-critical enterprise systems.
- Deploys over **100 Gigabits per second** of cumulative leased line capacity.
- Key clients include **medical colleges, engineering institutions, SMEs, and government agencies**.
#### **2. IT Infrastructure & Managed Services**
- Delivers end-to-end IT support through its subsidiary **Nettlinx Technologies Private Limited**, offering:
- System administration and architecture
- Datacenter management, backup, storage, and disaster recovery
- Virtualization and cloud enablement
- 24/7 support for servers, routers, switches, firewalls, printers, projectors, and mobile jammers
- Offers cybersecurity, security surveillance, biometric systems, internal LAN projects, and technical manpower services.
- Provides **managed data center colocation** and **web hosting** solutions.
#### **3. Software & Technology Solutions**
- Develops a **micro ERP application framework** via **Nettlinx Inc. (USA)**, designed for small businesses without dedicated IT departments.
- Already in production with **two pharmaceutical distributors**, indicating early market adoption.
- Engaged in **software development, consulting, package implementation, and managed cloud services**.
- Strategic partnership with **Zoom Technologies India** to build an **Integrated Communication Platform** featuring:
- Unified VoIP, chat, video conferencing, webinars, digital signage, and scheduling
- AI-driven meeting summaries and multilingual transcription (English, Telugu, Hindi)
- SDK for third-party integration of Zoom tools
#### **4. AI & Innovation Initiatives**
- Developing **AI-powered security solutions** for public and private use, including:
- Predictive analytics
- Anomaly detection
- Smart traffic management
- Integrated command centers
- Environmental monitoring
- Public safety mobile apps
- Expanding into **AI-enabled IT/ITES solutions** tailored for smart city and campus deployments.
---
### **Strategic Subsidiaries & Group Structure**
As of September 2025, Nettlinx Limited controls the following key entities:
| Subsidiary | Ownership | Core Focus | Status |
|-----------|---------|------------|--------|
| **Nettlinx Technologies Private Limited** | Wholly owned | Global IT services: system admin, virtualization, datacenter, cloud, AI/containers | Active |
| **Nettlinx Inc. (USA)** | Wholly owned | Software consulting, cloud, app dev, micro ERP | Active |
| **Nettlinx Realty Private Limited** | Wholly owned | Real estate investment in Hyderabad (Gachibowli) and Nagpur | Active |
| **Salion SE (Germany)** | 95% owned | Berlin-based asset management & strategic acquisitions | Active |
| **Sri Venkateswara Green Power Projects Limited (SVGreen)** | Former 57.78% stake | 14 MW waste-to-energy plant in Telangana | **Exited** as of August 6, 2025 |
> **Corporate Update**: Nettlinx exited the renewable energy sector in August 2025, with **SVGreen ceasing to be a subsidiary** following a board decision to divest from the underperforming power project business.
---
### **Geographic & Sectoral Dominance**
- **Market Share**: Holds **85% market share in the medical college segment** across Telangana and Andhra Pradesh.
- **Customer Base**: Over **10,000 bandwidth customers**, with a target to reach **100,000 by FY2026**.
- **Client Segments**: Corporates, government bodies, educational institutions (especially medical and engineering colleges), SMEs, healthcare, media, and smart cities.
- **Strategic Expansion**: Targeting **Tier 2 and Tier 3 towns** in Telangana and Andhra Pradesh to drive inclusive growth and expand campus Wi-Fi/WiMax coverage.
---
### **Competitive Advantages**
- **High Barriers to Entry**: Due to capital-intensive infrastructure, licensing, and fiber network ownership.
- **Operational Excellence**:
- 1-hour issue resolution turnaround (vs. industry average of 24 hours)
- Minimal network downtime
- In-house fiber network (no reliance on third-party cable operators)
- **Strong Order Book**: Ensures long-term revenue visibility and financial stability.
- **Niche Market Focus**: Targets enterprise and institutional clients rather than competing in crowded residential broadband space.
- **Diversified Service Portfolio**: Reduces dependency on any single revenue stream.
---
### **Real Estate & Investment Arm**
- **Nettlinx Realty** owns land in **Gachibowli, Hyderabad**, and has transferred holdings in **Nagpur** to an LLP for future development.
- Plans to **monetize assets within 3–4 years** via joint ventures for **residential and commercial projects**, capitalizing on Nagpur’s emergence as a multimodal logistics hub.
---
### **International Strategy & Financial Engineering**
- **Salion SE (Germany)**:
- 95% owned subsidiary focused on high-tech investments in Germany.
- Leverages **low German interest rates (<2%)** and strong credit rating to secure up to **€20 million in financing**—significantly cheaper than domestic borrowing (~10%).
- Serves as a **strategic war chest** for future M&A in the technology and industrial sectors.
- **Nettlinx Inc. (USA)**:
- 18-year-old entity serving major global clients including **IBM, Microsoft, Vanguard, and HCL**.
- Positioned for international scaling of software and cloud offerings.
---
### **Management & Leadership**
- **Mr. Rohith Loka Reddy** (Key Promoter):
- CFA and FRM with $20 billion AUM experience at Manulife.
- Former Director, ANMI; founder of **EzFinanz NBFC**.
- Expertise in distressed asset investing and financial structuring.
- Management emphasizes **innovation, cost optimization, and sustainable growth** with a strategic focus on **scalability, operational efficiency, and market differentiation**.
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