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 ₹ 1,354 Cr.
- Current Price ₹ 172
- High / Low ₹ 334 / 151
- 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
- Company has low interest coverage ratio.
- Promoter holding is low: 25.1%
- 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 | 1,090 | |
| 416 | 391 | 621 | 604 | 848 | 1,271 | 1,196 | |
| Operating Profit | -111 | -120 | -134 | -79 | 19 | -107 | -106 |
| OPM % | -36% | -44% | -28% | -15% | 2% | -9% | -10% |
| 22 | 21 | 19 | 21 | 17 | 30 | 37 | |
| 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 | -116 |
| Tax % | 0% | 0% | 0% | 0% | 0% | 1% | |
| -102 | -108 | -128 | -83 | 9 | -122 | -116 | |
| EPS in Rs | -1,016.12 | -1,071.34 | -22.38 | -14.44 | 1.56 | -15.75 | -14.85 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 31% |
| 3 Years: | 34% |
| TTM: | -6% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | -4% |
| 3 Years: | 0% |
| TTM: | -45% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -36% |
| 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 |
| Free Cash Flow | -22 | -38 | -324 | 16 | -30 | -71 |
| CFO/OP | 16% | 31% | 235% | -14% | -66% | 68% |
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% |
Insights
In beta| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Payments GMV INR Bn |
|
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| Registered Users Million |
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| Total Merchants Million |
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| Digital Credit GMV (Disbursal) INR Mn |
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| Assets Under Administration (Wealth AUA) INR Mn |
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| Customer Acquisition Cost (CAC) per New Registered User INR |
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| Revenue per Employee INR Cr |
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Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
30 Mar - MobiKwik named Official Payments Partner of Rajasthan Royals for IPL 2026 (announced March 30, 2026).
-
Closure of Trading Window
19 Mar - Trading window closed Apr 01, 2026 until 48 hours after Q4 FY2026 result declaration.
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
19 Mar - Appoints Anis Pathan as Chief Risk Officer, Board-approved on March 19, 2026, to lead Enterprise Risk Management.
-
Announcement under Regulation 30 (LODR)-Change in Management
19 Mar - Anis Pathan appointed Chief Risk Officer effective March 19, 2026 at One MobiKwik Systems Limited.
-
Board Meeting Outcome for Intimation For Appointment Of Chief Risk Officer And Senior Management Personnel
19 Mar - Anis Pathan appointed Chief Risk Officer effective March 19, 2026; 14+ years in risk and financial services.
Concalls
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Feb 2026Transcript PPT
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Nov 2025Transcript PPT REC
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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.