NETSOL NetSol Technologies Limited

NetSol Technologies Limited (NETSOL) financial ratios

NetSol Technologies Limited earned a net margin of 18.8% in FY2026 against a five-year average of 14.6% (Technology & Communication median 5.8%). Return on equity was 19.5%, compared with a sector median of 10.7%. The current ratio stood at 3.05× and debt was 17.2% of equity. Cash took about 202 days to cycle through receivables, inventory and payables.

FY2026 vs the Technology & Communication median

Gross margin: 49.2%; Sector median 27.9%
Operating margin: 22.3%; Sector median 8.2%
Net margin: 18.8%; Sector median 5.8%
Return on equity (ROE): 19.5%; Sector median 10.7%
Return on assets (ROA): 14.3%; Sector median 7.5%
Current ratio: 3.05×; Sector median 1.51×
Debt to equity: 17.2%; Sector median 18.3%
Asset turnover: 0.76×; Sector median 0.41×
Dividend payout ratio: 0.0%; Sector median 0.0%

Median of the 21 companies in the sector with the figure for their latest fiscal year.

NETSOL financial ratios (annual) (Rs mn)
Rs mn	FY2026 Jul 2025 – Jun 2026	FY2025 Jul 2024 – Jun 2025	FY2024 * Jul 2023 – Jun 2024	FY2023 Jul 2022 – Jun 2023	FY2022 Jul 2021 – Jun 2022	FY2021 Jul 2020 – Jun 2021	FY2020 Jul 2019 – Jun 2020	FY2019 * Jul 2018 – Jun 2019	FY2018 Jul 2017 – Jun 2018	FY2017 * Jul 2016 – Jun 2017	FY2016 Jul 2015 – Jun 2016	FY2015 Jul 2014 – Jun 2015	FY2014 Jul 2013 – Jun 2014	FY2013 Jul 2012 – Jun 2013	FY2012 Jul 2011 – Jun 2012	FY2011 Jul 2010 – Jun 2011	FY2010 * Jul 2009 – Jun 2010	FY2009 * Jul 2008 – Jun 2009	FY2008 * Jul 2007 – Jun 2008	FY2007 Jul 2006 – Jun 2007
Profitability
Gross margin	49.2%	44.0%	43.7%	27.6%	33.6%	36.4%	33.3%	38.4%	45.2%	31.6%	33.5%	20.8%	2.4%	59.3%	58.7%	59.9%	67.2%	41.0%	60.6%	57.0%
EBITDA margin	24.4%	17.3%	19.4%	0.7%	13.1%	17.7%	12.1%	16.4%	45.1%	28.2%	28.9%	22.4%	3.9%	51.2%	47.1%	45.1%	52.3%	24.3%	46.5%	43.1%
Operating margin	22.3%	14.1%	15.4%	(6.9%)	3.2%	6.6%	1.5%	6.8%	26.6%	10.0%	10.9%	(8.5%)	(37.1%)	38.0%	39.1%	35.5%	48.1%	15.2%	42.3%	38.6%
Pre-tax margin	18.8%	14.0%	12.6%	15.8%	16.4%	5.3%	4.4%	25.4%	25.6%	9.2%	8.5%	(5.5%)	(32.0%)	44.1%	39.7%	39.4%	48.2%	26.3%	49.9%	39.7%
Net margin	18.8%	14.0%	12.6%	13.3%	14.1%	3.9%	0.9%	23.9%	24.4%	8.2%	7.6%	(6.9%)	(33.8%)	44.0%	39.6%	39.3%	48.1%	25.8%	49.5%	38.8%
Effective tax rate	0.0%	0.0%	0.0%	15.7%	13.8%	26.7%	78.6%	5.7%	4.6%	11.5%	11.0%	—	—	0.2%	0.4%	0.3%	0.3%	2.1%	0.8%	2.1%
Returns
Return on equity (ROE)	19.5%	13.2%	12.7%	12.4%	11.7%	2.8%	0.5%	18.1%	16.0%	5.7%	2.4%	(3.5%)	(10.7%)	20.8%	20.5%	20.3%	32.4%	13.3%	41.5%	33.4%
Return on assets (ROA)	14.3%	9.8%	9.1%	9.0%	8.6%	2.1%	0.5%	13.9%	12.7%	4.4%	4.5%	(2.9%)	(9.1%)	17.6%	17.5%	17.4%	26.8%	11.8%	35.0%	29.1%
Return on invested capital (ROIC)	17.6%	13.0%	13.6%	11.9%	10.0%	2.8%	0.5%	15.7%	15.3%	5.2%	2.5%	—	—	19.3%	18.8%	18.8%	28.4%	11.3%	35.2%	28.5%
Liquidity
Current ratio	3.05×	3.69×	3.31×	3.07×	3.20×	3.02×	3.21×	3.03×	2.89×	2.08×	2.12×	1.33×	1.16×	3.09×	2.85×	2.24×	3.54×	3.96×	3.84×	4.57×
Leverage
Debt to equity	17.2%	20.3%	15.8%	18.9%	22.6%	26.0%	23.8%	15.7%	14.9%	19.9%	10.1%	8.9%	8.4%	6.8%	8.2%	8.7%	7.6%	13.5%	11.9%	13.1%
Debt to capital	14.7%	16.9%	13.6%	15.9%	18.4%	20.6%	19.2%	13.6%	13.0%	16.6%	9.2%	8.2%	7.7%	6.4%	7.6%	8.0%	7.1%	11.9%	10.6%	11.6%
Debt to assets	12.3%	15.3%	11.5%	13.4%	16.6%	19.3%	18.1%	12.2%	11.7%	15.4%	8.2%	7.3%	6.9%	5.9%	6.9%	7.1%	6.5%	11.1%	9.7%	10.8%
Assets to equity	1.36×	1.35×	1.39×	1.39×	1.35×	1.33×	1.30×	1.29×	1.29×	1.26×	1.22×	1.21×	1.18×	1.17×	1.21×	1.21×	1.19×	1.22×	1.22×	1.17×
Efficiency
Asset turnover	0.76×	0.70×	0.72×	0.67×	0.61×	0.53×	0.51×	0.58×	0.52×	0.54×	0.60×	0.42×	0.27×	0.40×	0.44×	0.44×	0.56×	0.46×	0.71×	0.75×
Receivable days days	268	306	305	303	238	279	326	239	234	233	154	110	257	281	268	297	284	395	287	257
Payable days days	66	64	27	3	4	3	4	30	69	30	7	49	56	66	130	—	—	42	43	25
Cash conversion cycle days	202	242	278	300	234	276	322	209	165	204	147	60	201	216	138	297	284	352	244	232
Dividends
Dividend payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	17.7%	12.9%	14.0%	34.4%	—	—	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Earnings retention rate	1.00×	1.00×	1.00×	1.00×	1.00×	1.00×	1.00×	0.82×	0.87×	0.86×	0.66×	—	—	1.00×	1.00×	1.00×	1.00×	1.00×	1.00×	1.00×

Ratios as reported for each fiscal year; returns are on average equity / assets. Debt ratios are percentages; turnover in times; working-capital measures in days.

NETSOL: frequently asked questions

What is NETSOL's EPS?

NetSol Technologies Limited reported basic earnings per share of Rs 27.25 for FY2026 (Jul 2025 – Jun 2026).

What is NETSOL's P/E ratio?

At the closing price of Rs 122.66 on 16 Oct 2026, NETSOL trades at a P/E of 4.5× based on EPS of Rs 27.25 (FY2026).

Does NETSOL pay dividends?

Yes. NetSol Technologies Limited declared a dividend of Rs 1.50 per share for FY2026. At Rs 122.66 that is a dividend yield of 1.2%.

What was NETSOL's revenue and profit in FY2026?

NetSol Technologies Limited reported revenue of Rs 12.5 bn and profit attributable to shareholders of Rs 2.4 bn for FY2026 (Jul 2025 – Jun 2026).

What is NETSOL's book value per share?

NetSol Technologies Limited's book value per share was Rs 153.42 at the end of FY2026. The shares trade at 0.80× book value.

Information only, not investment advice.