E2E Networks share price
NSE: E2EBSE: 544783IT - ServicesSmall Cap
E2E Networks Limited · Face value ₹1 Face value. The nominal value of one share as the company issued it, the unit its share capital is counted in and a dividend can be stated as a percentage of; it has no link to the share price. Face value in the glossary · Listed May 2018 on NSE, Jun 2026 on BSE · Issue price ₹124
Last close ₹547.75up ₹9.60 (1.78%)BSE ₹549.60
Share price at the NSE close on 29 Oct 2026. Previous close ₹538.15.
29 Oct: open ₹529.95, high ₹553.00, low ₹513.20
52-week range of traded prices to 29 Oct 2026
₹183.36Low, 12 Jan 2026₹765.00High, 14 Oct 2026
- Delivery only: shares bought must be paid for in full, with no selling on the same day.
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹11,260 Cr669th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- 95.97
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Taken from the consolidated balance sheet, the company and its subsidiaries together; the P/E is on the company's own results until four consolidated quarters are filed. Price to book: how it is worked out
- 6.24
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- Nonein the last 12 months
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- 6.9%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- 6.8%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Sep 2026. Taken from the consolidated balance sheet, the company and its subsidiaries together; the P/E is on the company's own results until four consolidated quarters are filed.
- 0.25
- Volume, NSEVolume. Shares traded on the last trading day. Volume in the glossary
- 14,07,382
About E2E Networks
E2E Networks Limited is an Indian cloud infrastructure company that provides computing on graphics processing units (GPUs), the chips used to build and run artificial intelligence (AI) models, together with networking, storage and software for AI workloads.12 It serves AI-native companies, research and academic institutions and enterprises across India, and customers abroad, on its own cloud or in customers' private environments.3
It reports a single business segment, cloud computing services.4 Its own AI platforms are TIR, for training, fine-tuning and serving AI models, and Jarvislabs.ai, a GPU cloud built for developers.5 Its NVIDIA GPUs, of the Hopper and Blackwell generations, run in data centres in Delhi NCR and Chennai.2
Tarun Dua, its managing director, founded the company, which was incorporated on 20 Aug 2009.67 Its shares were listed on NSE Emerge, the exchange's platform for smaller companies, in 2018, moved to the NSE main board in 2022 and began trading on BSE on 12 Jun 2026.8910 On 16 Dec 2025 it completed the purchase of assets of Jarvis Labs AI Private Limited, including intellectual property, hardware and customer assets.1112 It set up a wholly owned subsidiary, Sovcloud Technologies Limited, on 17 Jun 2026.13
Its promoters, led by Tarun Dua, held 39.45% of the shares at the end of Mar 2026, Tarun Dua alone 36.31%.14 Larsen and Toubro Limited held 18.45% of the shares at the end of Mar 2026 and works with the company as a partner in serving many of its customers.1516
E2E Networks key points
Results
- In the quarter to Sep 2026, revenue from operations was ₹2,238 million, up 410.8% from ₹438 million a year earlier and 42.7% from ₹1,568 million in the previous quarter.17
- In the quarter to Sep 2026, EBITDA (earnings before interest, tax, depreciation and amortisation) was ₹1,715 million, up 45% on the previous quarter, a 76.6% margin; profit after tax was ₹727 million, a 32.5% margin, against ₹439 million and 28% in the previous quarter.18
- In the year to Mar 2026, revenue from operations rose 49.78% to ₹245.58 crore and EBITDA 30.63% to ₹126.26 crore; depreciation rose 181.69% to ₹169.23 crore, turning the result into a loss of ₹15.57 crore against a profit of ₹47.49 crore.19
- Monthly revenue run-rate (the revenue the business earns in a month at its current pace) was ₹751 million in Sep 2026, against ₹718 million at the end of the previous quarter, and grew 13.4 times in 4 years, the company says.2021
Revenue mix
- Customers under the IndiaAI Mission, the central government's programme to expand AI computing capacity, brought roughly 13% to 15% of revenue in the quarter to Sep 2026, the company said.22
- Most of the company's GPUs run on its own software platforms, and it sells very little bare metal (servers rented without its software), it said on its call of 16 Oct 2026.23
Where revenue comes from
- Customers outside India brought roughly 20% to 25% of the company's revenue in the quarter to Sep 2026, the company said, adding that such quarterly percentages are subject to wide swings.24
- Exports were 36% of the company's turnover in the year to Mar 2026, when it served customers in 66 countries and 31 Indian states.25
- After Mar 2026, the company set up an entity in Delaware, in the United States, to serve international customers and manage alliances outside India.26
GPU fleet
- In its presentation of 16 Oct 2026, the company said about 5,100 cloud GPUs were live, including 1,024 NVIDIA B200s of the newer Blackwell generation and nearly 3,000 of the earlier Hopper generation.2728
- On its earnings call of 16 Oct 2026, the company said it expects the deployment of the next 1,024 NVIDIA B200 GPUs to go through in the current quarter.29
- In its presentation of 16 Oct 2026, the company said planning for next-generation NVIDIA B300 and Vera Rubin GPUs is under way.30
Major contracts
- On 31 Aug 2026, the company signed a binding term sheet (an agreement on the main terms) worth about ₹1,000 crore, excluding taxes, with an India-based sovereign AI company for NVIDIA Blackwell cloud GPUs and allied services up to June 2029.31
- The company said its sovereign AI contract covers its existing B200 GPUs, which moved from pay-as-you-go billing to a multi-year commitment.32
- On 29 Apr 2026, it signed a 6-month agreement worth $7.7 million (about ₹73 crore) with a US-based AI service provider specialising in large-scale model training, for GPU cloud computing services.33
- On 4 Dec 2025, the company said work had begun on an order worth about ₹177 crore from the IndiaAI Mission, under the Ministry of Electronics and Information Technology, to provide GPUs for GNANI AI.34
Funding and debt
- The company's borrowings were ₹4,504 million at the end of Sep 2026, against ₹1,032 million at the end of Mar 2026.35
- On 26 Feb 2026, the company raised ₹107 crore through a qualified institutions placement (a sale of new shares to large institutional investors), allotting 4,28,000 shares of ₹10 face value each, before the later share split.3637
- On 27 Nov 2025, ICRA assigned a long-term credit rating (an agency's view of the ability to repay debt) of A- (Stable) to the company's bank facilities of ₹1,000 crore.3839
What the company expects
- On its earnings call of 16 Oct 2026, the company said it sees itself as a business with an EBITDA margin of 70% or more over the medium and long term; it also said it gives no guidance.32
- The company stated in its annual report for the year to Mar 2026 that it plans to build its international presence and partnerships outside India, while keeping India as its primary market.40
Last updated
All 42 sources, each with its page
- 1. Annual report, 5 Sep 2026, page 94
- 2. Investor presentation, 16 Oct 2026, page 9
- 3. Annual report, 5 Sep 2026, page 5
- 4. Annual report, 5 Sep 2026, page 175
- 5. Investor presentation, 16 Oct 2026, page 8
- 6. Annual report, 5 Sep 2026, page 14
- 7. Annual report, 5 Sep 2026, page 143
- 8. Annual report, 5 Sep 2026, page 6
- 9. Annual report, 5 Sep 2026, page 7
- 10. Annual report, 5 Sep 2026, page 27
- 11. Annual report, 5 Sep 2026, page 179
- 12. Annual report, 5 Sep 2026, page 180
- 13. Annual report, 5 Sep 2026, page 26
- 14. Annual report, 5 Sep 2026, page 160
- 15. Annual report, 5 Sep 2026, page 80
- 16. Earnings call, 16 Oct 2026, page 17
- 17. Investor presentation, 16 Oct 2026, page 20
- 18. Earnings call, 16 Oct 2026, page 4
- 19. Annual report, 5 Sep 2026, page 21
- 20. Investor presentation, 16 Oct 2026, page 17
- 21. Investor presentation, 16 Oct 2026, page 19
- 22. Earnings call, 16 Oct 2026, page 7
- 23. Earnings call, 16 Oct 2026, page 15
- 24. Earnings call, 16 Oct 2026, page 9
- 25. Annual report, 5 Sep 2026, page 103
- 26. Annual report, 5 Sep 2026, page 22
- 27. Investor presentation, 16 Oct 2026, page 4
- 28. Investor presentation, 16 Oct 2026, page 8
- 29. Earnings call, 16 Oct 2026, page 14
- 30. Investor presentation, 16 Oct 2026, page 12
- 31. Exchange filing, 31 Aug 2026, page 1
- 32. Earnings call, 16 Oct 2026, page 5
- 33. Exchange filing, 29 Apr 2026, page 1
- 34. Exchange filing, 4 Dec 2025, page 1
- 35. Investor presentation, 16 Oct 2026, page 22
- 36. Annual report, 5 Sep 2026, page 83
- 37. Annual report, 5 Sep 2026, page 160
- 38. Exchange filing, 27 Nov 2025, page 1
- 39. Annual report, 5 Sep 2026, page 82
- 40. Annual report, 5 Sep 2026, page 95
- 41. Annual report, 5 Sep 2026, page 26
- 42. Annual report, 5 Sep 2026, page 27
Results
Standalone; ₹ crore.E2E Networks quarterly results
- Revenue growth, 12 monthsRevenue growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +252.4%
- Net profit growth, 12 monthsNet profit growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +1,217.8%
Quarter to Sep 2026, against the quarter before
- RevenueRevenue. The pill is the change in revenue against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹224 Crup 42.74%
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent. Net profit in the glossary
- ₹73 Crup 65.69%
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. Net margin in the glossary
- 32.5%
Revenue by quarter
Peak revenue ₹224 Cr, quarter to Sep 2026; lowest ₹33 Cr, quarter to Mar 2025
Net profit by quarter, a loss in red
- Net profit
- Loss
A loss in 3 of the 8 quarters shown
| ₹ crore | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 42 | 33 | 36 | 44 | 70 | 96 | 157 | 224 |
| Net profit | 12 | 14 | −3 | −13 | −6 | 6 | 44 | 73 |
| Net margin | 27.9% | 40.7% | −7.9% | −30.7% | −8.1% | 6.7% | 28.0% | 32.5% |
Standalone. The last eight quarters. The latest is shaded.
Year to Mar 2026, against the year before
- RevenueRevenue. The pill is the change in revenue against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹246 Crup 49.78%
- Net profitNet profit. Under it, net profit in the year before. A change in per cent is not worked out where either period is a loss or nothing.
- −₹16 CrYear to Mar 2025: ₹47 Cr
- Net margin
- −6.3%
Revenue by year
Peak revenue ₹246 Cr, year to Mar 2026; lowest ₹25 Cr, year to Mar 2020
Net profit by year, a loss in red
- Net profit
- Loss
A loss in the year to Mar 2026, −₹16 CrA loss in 3 of the 9 years shown
| ₹ crore | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 36 | 34 | 25 | 35 | 52 | 66 | 94 | 164 | 246 |
| Net profit | 6 | 2 | −9 | −1 | 6 | 10 | 22 | 47 | −16 |
| Net margin | 16.0% | 5.1% | −37.3% | −3.2% | 12.4% | 15.0% | 23.1% | 29.0% | −6.3% |
Standalone. Years to March. The latest is shaded.
Business segments
In the year to Mar 2026 the company reports one business segment, Provider of Cloud computing Services, which carries all its revenue.
Valuation
Today, against the company's own history. Dividend yield is not shown: no dividend in the years on record.E2E Networks PE ratio and valuation
Price to earnings
At or below today's level on 47% of 1,007 trading days since Nov 2021.
LowestHighest
Its median99.40Industry median18.42
Price to bookPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet.
At or below today's level on 54% of 874 trading days since Nov 2022.
LowestHighest
Its median5.90Industry median1.67
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | −3.1% | – | – | 0.0% |
| 3 years | +126.5% | – | – | 0.0% |
| 5 years | +121.0% | – | – | 0.0% |
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Earnings growth and the change in P/E are left empty where earnings per share at either end of the window was a loss or is not on record. Earnings growth over 1 and 3 years is on profit divided by shares in issue at both ends: the earnings per share stated for one end does not match that year's profit and share count. Earnings growth and the change in P/E over 5 years are left empty: the earnings per share stated for one end does not match that year's profit and share count, and no share count is on record to work it out.
Mutual fund holdings
18 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before.All 18 funds holding E2E Networks
- Bought for the first timeBought for the first time. Funds that held it at the month's end and had not held it in any month on record before.
- 10
- Bought againBought again. Funds that held it at the month's end, had not held it the month before, and held it in an earlier month.
- 1
- AddedAdded. Funds that held more shares than at the end of the month before.
- 3
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 4
| Fund | |||
|---|---|---|---|
 Bandhan Small Cap FundBandhan Mutual Fund | 24,90,012 | 0.45% | ₹162.0 Cr |
| Bandhan Large & Mid Cap FundBandhan Mutual Fund | 11,10,738 | 0.35% | ₹72.3 Cr |
| Bandhan Innovation FundBandhan Mutual Fund | 8,21,445 | 1.73% | ₹53.4 Cr |
 JM Mid Cap FundJM Financial Mutual Fund | 2,75,250 | 1.37% | ₹17.9 Cr |
 Motilal Oswal Nifty Microcap 250 Index FundMotilal Oswal Mutual Fund | 2,34,543 | 0.63% | ₹15.3 Cr |
 Union Active Momentum FundUnion Mutual Fund | 2,22,218 | 2.66% | ₹14.5 Cr |
| Bandhan Aggressive Hybrid FundBandhan Mutual Fund | 1,52,844 | 0.37% | ₹9.94 Cr |
| Union Flexi Cap FundUnion Mutual Fund | 1,35,000 | 0.38% | ₹8.78 Cr |
| JM Large & Mid Cap FundJM Financial Mutual Fund | 89,290 | 1.30% | ₹5.81 Cr |
| Union Balanced Advantage FundUnion Mutual Fund | 88,000 | 0.49% | ₹5.72 Cr |
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.
Promoter and insider buying and selling
Trades made since 30 Oct 2025.E2E Networks insider trading
No promoter, director, key manager or employee bought or sold on the market.
- Promoters and promoter group: no market trade
- Others: no market trade · 1 pledge filing of unclear kind
Bought and sold count trades on the market only. A pledge is shares given to a lender as security for a loan; a lender invokes it by selling them.
E2E Networks competitors and peers
IT Enabled Services, 115 listed companies, priced on 29 Oct 2026. The table lists the 8 companies closest to E2E Networks in market cap.IT companies
Where the company sits among the companies nearest its size
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
 Black BoxBBOX | 14,584 | 64.53 | 11.33 | +12.2% | +5.1% | 22.1% | 23.1% | 0.12% |
 ESDS Software SolutionESDS | 14,311 | – | – | – | – | – | – | 0.00% |
 Amagi Media LabsAMAGI | 12,051 | – | 6.86 | – | – | – | – | 0.00% |
 CyientCYIENT | 11,991 | 32.22 | 2.35 | +10.3% | −35.2% | 7.0% | 9.1% | 1.05% |
 Datamatics Global ServicesDATAMATICS | 4,273 | 19.77 | 2.77 | +13.2% | +2.0% | 14.9% | 18.5% | 0.69% |
 R Systems InternationalRSYSTEMS | 2,991 | 15.52 | 2.72 | +24.1% | −0.3% | 21.5% | 19.0% | 5.55% |
 eMudhraEMUDHRA | 2,927 | – | 3.21 | +29.7% | – | – | 14.4% | 0.35% |
 Sasken TechnologiesSASKEN | 2,896 | 34.42 | 3.28 | +51.5% | +114.2% | 10.0% | 8.7% | 1.31% |
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.
Latest announcements
Routine notices left out.E2E Networks announcements
Oct 2026
26 Oct · Business
16 Oct · Board meeting
E2E Networks share price by year
Each calendar year to 2025.E2E Networks share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 199.15 | −50.8% | 430.18 | 174.13 |
| 2024 | 404.79 | +515.3% | 539.09 | 69.08 |
| 2023 | 65.79 | +244.3% | 70.00 | 13.86 |
| 2022 | 19.11 | +139.0% | 21.83 | 7.60 |
| 2021 | 8.00 | +50.7% | 8.63 | 3.60 |
| 2020 | 5.31 | +159.4% | 5.63 | 1.36 |
| 2019 | 2.05 | −54.6% | 5.30 | 1.90 |
| 2018 | 4.50 | – | 9.51 | 4.50 |
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before. 2018 is from its first session, 15 May 2018.
Recent sessions
The 9 trading days to 28 Oct 2026, as traded on NSE; the latest is at the top of the page.
| Date | Open | High | Low | Close | Average price | Volume |
|---|---|---|---|---|---|---|
| 28 Oct 2026 | 543.60 | 558.90 | 536.80 | 538.15 | 541.54 | 13,92,652 |
| 27 Oct 2026 | 580.00 | 589.80 | 564.65 | 565.05 | 575.01 | 20,21,575 |
| 26 Oct 2026 | 537.75 | 594.35 | 537.75 | 594.35 | 555.82 | 20,59,178 |
| 23 Oct 2026 | 566.05 | 566.05 | 566.05 | 566.05 | 566.05 | 97,655 |
| 22 Oct 2026 | 595.80 | 595.80 | 595.80 | 595.80 | 595.80 | 1,33,529 |
| 21 Oct 2026 | 627.15 | 627.15 | 627.15 | 627.15 | 627.15 | 1,46,984 |
| 19 Oct 2026 | 668.00 | 673.00 | 660.15 | 660.15 | 663.78 | 4,63,871 |
| 16 Oct 2026 | 699.95 | 745.00 | 675.40 | 694.85 | 704.07 | 23,62,448 |
| 15 Oct 2026 | 710.90 | 744.00 | 710.90 | 710.90 | 712.21 | 10,46,829 |
Prices in ₹ per share as traded, not adjusted.
Price adjustments
What the price chart is corrected for, so it reads as one share held throughout.Stock split history
| Ex-date | Event | Price factor | What happened |
|---|---|---|---|
| 5 Jun 2026 | Split | 0.1000 | Each share became 10. |
Earlier prices are multiplied by the factor, so the chart reads as one share held throughout.
Company details
- NSE symbol
- E2E
- BSE code
- 544783
- ISIN
- INE255Z01027
- Industry
- IT - Services
- Website
- www.e2enetworks.com
- Registered office
- Awfis, A-24/9, Mohan Cooperative Industrial Estate, First Floor, Mathura Road, New Delhi 110044, Delhi
- Share registrar
- MUFG Intime India Pvt. Ltd
- Keeps the register of shareholders and handles transfers and dividend payments