One Mobikwik Systems Ltd
Incorporated in 2009, One Mobikwik Systems
Ltd is a digital banking platform which offers
a wide range of financial products for both consumers and merchants[1]
- Market Cap ₹ 1,986 Cr.
- Current Price ₹ 252
- High / Low ₹ 698 / 219
- Stock P/E
- Book Value ₹ 69.0
- Dividend Yield 0.00 %
- ROCE -13.1 %
- ROE -31.3 %
- Face Value ₹ 2.00
Pros
- Debtor days have improved from 34.6 to 17.3 days.
Cons
- Stock is trading at 3.66 times its book value
- Company has low interest coverage ratio.
- Promoter holding is low: 24.9%
- Company has a low return on equity of -25.7% over last 3 years.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|
| 306 | 271 | 487 | 526 | 867 | 1,164 | 1,072 | |
| 416 | 391 | 621 | 604 | 848 | 1,271 | 1,232 | |
| Operating Profit | -111 | -120 | -134 | -79 | 19 | -107 | -160 |
| OPM % | -36% | -44% | -28% | -15% | 2% | -9% | -15% |
| 22 | 21 | 19 | 21 | 17 | 30 | 33 | |
| Interest | 10 | 7 | 10 | 21 | 22 | 31 | 33 |
| Depreciation | 3 | 1 | 2 | 4 | 4 | 13 | 14 |
| Profit before tax | -102 | -108 | -128 | -83 | 9 | -121 | -174 |
| Tax % | 0% | 0% | 0% | 0% | 0% | 1% | |
| -102 | -108 | -128 | -83 | 9 | -122 | -175 | |
| EPS in Rs | -1,016.12 | -1,071.34 | -22.38 | -14.44 | 1.56 | -15.75 | -22.44 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 31% |
| 3 Years: | 34% |
| TTM: | -4% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | -4% |
| 3 Years: | 0% |
| TTM: | -1087% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -26% |
| Last Year: | -31% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 1 | 1 | 11 | 11 | 11 | 16 | 16 |
| Reserves | -29 | -15 | 225 | 153 | 167 | 588 | 527 |
| 90 | 70 | 151 | 224 | 259 | 332 | 375 | |
| 270 | 360 | 432 | 351 | 433 | 458 | 506 | |
| Total Liabilities | 332 | 416 | 819 | 740 | 870 | 1,394 | 1,423 |
| 5 | 1 | 9 | 15 | 16 | 25 | 22 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 9 | 42 | 53 | 63 | 66 | 68 | 70 |
| 318 | 374 | 757 | 662 | 788 | 1,301 | 1,331 | |
| Total Assets | 332 | 416 | 819 | 740 | 870 | 1,394 | 1,423 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| -22 | -37 | -321 | 17 | -25 | -62 | |
| 20 | 8 | -83 | -26 | 23 | -315 | |
| -23 | 73 | 330 | 36 | 18 | 515 | |
| Net Cash Flow | -25 | 43 | -74 | 28 | 16 | 137 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Debtor Days | 20 | 43 | 27 | 52 | 34 | 17 |
| Inventory Days | ||||||
| Days Payable | ||||||
| Cash Conversion Cycle | 20 | 43 | 27 | 52 | 34 | 17 |
| Working Capital Days | -284 | -388 | -240 | -249 | -134 | -167 |
| ROCE % | -170% | -50% | -16% | 8% | -13% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Monitoring Agency Report
16h - CARE report: no IPO proceeds deviation; ~Rs.40 crore unauthorized payouts Sept 11-12; 71% recovered; COO and VP resigned.
- Announcement under Regulation 30 (LODR)-Investor Presentation 21h
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
21h - Q2 FY26: EBITDA up 80% QoQ to ₹24.8 Cr; total income ₹2,793 Mn; payments GMV ₹432,167 Mn.
-
Approval Of Financial Results For The Quarter And Half Year Ended September 30, 2025
21h - Board approved Q2/H1 results: H1 loss ₹705.35m; alleged merchant fraud ₹403.59m; ₹118.30m provision.
-
Board Meeting Outcome for Approval Of Financial Results For The Quarter And Half Year Ended September 30, 2025
21h - Q2/H1 FY26 unaudited results: consolidated H1 loss INR 705.35m; exceptional provision INR 118.30m; recovered INR 219.27m.
Concalls
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Nov 2025TranscriptNotesPPT
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Aug 2025Transcript PPT REC
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May 2025Transcript PPT
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Feb 2025Transcript PPT REC
Business Overview:[1]
OMSL operates a tech-first application based business that provides payments and digital financial services to consumers and merchants through its MobiKwik platform. This platform business has a two-sided payments network, consisting of consumers and merchants. It has acquired 161.03 million Registered Users and enabled 4.26 million Merchants to make and accept payments online and offline. Company added newer products to its digital credit, investments, and insurance verticals.