Naapbooks - Naapbooks

📊 BSE: 543351 🏢 Computers - Software & Consulting 📅 Last Updated: 11/13/2025 15:25

💰 Financial Performance

Revenue Growth by Segment

IT Services (70% of revenue), Designing Services (20%), and Products (10%). The company targets a future shift to 50% Product-based revenue and 30% Platform-based revenue.

Geographic Revenue Split

Currently domestic-heavy (India); expanding to 7 global markets (USA, UK, Canada, Germany, Spain, France, Singapore) starting Q2 FY 2025-26.

Profitability Margins

Operating Margin improved to 36.8% in FY 2025 from 30.4% in FY 2024. Net Profit Margin rose to 36.78% from 21.33% YoY.

EBITDA Margin

Operating Profit Margin Ratio was 53.28% in FY 2025, a significant increase from 30.37% in FY 2024.

Capital Expenditure

Not disclosed in absolute INR; however, the company utilizes cloud infrastructure to limit heavy capital expenditure requirements.

Credit Rating & Borrowing

Not disclosed; the company maintains a low Debt-Equity ratio of 0.02 as of FY 2025.

⚙️ Operational Drivers

Raw Materials

Skilled human capital (software developers, AI specialists, compliance professionals) and software development expenses.

Import Sources

India (specifically leveraging Tier II talent hubs like Ahmedabad, Pune, and Coimbatore).

Capacity Expansion

Not applicable in MT/MW; however, the company is expanding its product portfolio with the Restaurant SaaS and eNotary platforms.

Raw Material Costs

Development expenses were INR 0.85 Cr and Employee benefits were INR 0.74 Cr for the half-year ended September 2024.

Manufacturing Efficiency

Not applicable for the company's service and SaaS-based business model.

📈 Strategic Growth

Expected Growth Rate

45%

Growth Strategy

Naapbooks plans to achieve growth by transitioning from a service-heavy model (70% of revenue) to a product-centric model (50% target) through the international rollout of VizMan in 7 global markets (USA, UK, Canada, Germany, Spain, France, Singapore) starting Q2 FY 2025-26. Additionally, the launch of a Restaurant SaaS platform and the pilot of the eNotary Platform in collaboration with state partners will diversify revenue streams and deepen SME penetration.

Products & Services

VizMan (Visitor Management), InsiderQ (Compliance SaaS), EZEO (ERP), Samadhan, BizAI (AI tool), and e-governance platforms.

Brand Portfolio

VizMan, InsiderQ, EZEO, Samadhan, BizAI.

New Products/Services

Restaurant SaaS platform and eNotary Platform (expected to drive the shift toward 50% product-based revenue).

Market Expansion

Rollout into 7 global markets including USA, UK, Canada, Germany, Spain, France, and Singapore starting Q2 FY 2025-26.

Strategic Alliances

eNotary project partnership with credible state government partners.

🌍 External Factors

Industry Trends

Global IT spending is projected to surpass USD 5 trillion by 2026, with SaaS as the fastest-growing category. AI is expected to add USD 15.7 trillion to global GDP by 2030, driving demand for compliance-ready AI solutions.

Competitive Landscape

Highly competitive industry featuring established multinational firms, emerging SaaS startups, and specialized technology providers.

Competitive Moat

Naapbooks maintains a competitive advantage through its compliance-ready SaaS design and its positioning as a GovTech leader (e.g., eNotary project), which creates high entry barriers and credibility in regulated sectors.