MOS Utility Ltd
Incorporated in 2009, MOS Utility Ltd is a fintech company which offers a Unified Open API and Wallet platform[1]
- Market Cap ₹ 332 Cr.
- Current Price ₹ 12.9
- High / Low ₹ 30.1 / 12.3
- Stock P/E 18.8
- Book Value ₹ 3.66
- Dividend Yield 0.00 %
- ROCE 19.2 %
- ROE 13.8 %
- Face Value ₹ 2.00
Pros
- Company's working capital requirements have reduced from 43.2 days to 14.5 days
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last quarter: -3.14%
- Company has a low return on equity of 13.5% over last 3 years.
- Company might be capitalizing the interest cost
* 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| 106 | 187 | 616 | |
| 99 | 175 | 596 | |
| Operating Profit | 7 | 12 | 20 |
| OPM % | 7% | 6% | 3% |
| 4 | 6 | 4 | |
| Interest | 1 | 1 | 1 |
| Depreciation | 2 | 2 | 4 |
| Profit before tax | 7 | 15 | 19 |
| Tax % | 22% | 19% | 29% |
| 6 | 12 | 14 | |
| EPS in Rs | 0.30 | 0.45 | 0.50 |
| Dividend Payout % | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 52% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 43% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -52% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 14% |
| Last Year: | 14% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|
| Equity Capital | 19 | 25 | 25 | 25 |
| Reserves | 7 | 50 | 62 | 69 |
| 8 | 5 | 19 | 50 | |
| 18 | 26 | 45 | 48 | |
| Total Liabilities | 52 | 106 | 151 | 192 |
| 9 | 19 | 31 | 22 | |
| CWIP | 3 | 2 | 0 | 0 |
| Investments | 12 | 14 | 6 | 6 |
| 29 | 70 | 114 | 164 | |
| Total Assets | 52 | 106 | 151 | 192 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| 4 | -14 | 37 | |
| -9 | -14 | -29 | |
| 5 | 34 | 13 | |
| Net Cash Flow | 1 | 6 | 21 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| Debtor Days | 14 | 18 | 3 |
| Inventory Days | |||
| Days Payable | |||
| Cash Conversion Cycle | 14 | 18 | 3 |
| Working Capital Days | 48 | 67 | 15 |
| ROCE % | 17% | 19% |
Insights
In beta| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Number of Agent Network Partners (MOS Pramukhs) Count ・Standalone data |
|
|||||||||||
| Number of Distributors Count ・Standalone data |
||||||||||||
| Number of Master Distributors Count ・Standalone data |
||||||||||||
| Geographic Coverage - Pins Codes Count ・Standalone data |
||||||||||||
| Annual Transactions Processed Crore ・Standalone data |
||||||||||||
| Number of MOS Seva Kendras (MSK) Count ・Standalone data |
||||||||||||
| Geographic Coverage - Villages Count ・Standalone data |
||||||||||||
Documents
Announcements
-
General Updates
5 February 2026 - Approved unaudited Q3 results (Dec 31, 2025); appointed Chirag Shah as CFO effective 05-Feb-2026; internal auditor appointed.
-
Outcome of Board Meeting
5 February 2026 - Board approved Q3 (Dec 31, 2025) unaudited results; appointed Chirag Shah as CFO effective Feb 5, 2026.
-
Certificate under SEBI (Depositories and Participants) Regulations, 2018
19 January 2026 - Certificate under Reg.74(5): MOS Utility confirms no physical equity shares for quarter ended 31-Dec-2025.
-
Press Release
16 January 2026 - MOS appointed Business Correspondent to Jio Payments Bank; agreement effective November 11, 2025; expand banking services nationwide.
-
Trading Window
31 December 2025 - Trading window closed from 1 Jan 2026 until 48 hours after results for quarter ended 31 Dec 2025.
Annual reports
Concalls
-
Jun 2024TranscriptPPT
-
May 2023TranscriptAI SummaryPPT
Business Overview:[1]
Company provides a platform to agents to facilitate instant digital transfer of money to a bank account, AEPS, Micro ATM, NSDL kiosk, flight booking, hotel booking, recharge any cell phone and DTH, Bill payments of utility bills and insurance premium selling to travel, 2-wheeler and health insurance, CMS, courier services, Mera adhikar, etc.