Route Mobile Ltd
Route Mobile Limited is a cloud communications platform service provider catering to enterprises, OTT players, and mobile network operators (MNOs). RML's portfolio comprises solutions in Business Messaging, Voice, Email, SMS filtering, analytics, and monetization.[1]
Route Mobile Became a part of Proximus Group in May'24[2]
- Market Cap ₹ 4,484 Cr.
- Current Price ₹ 712
- High / Low ₹ 1,540 / 705
- Stock P/E 15.3
- Book Value ₹ 401
- Dividend Yield 1.55 %
- ROCE 17.7 %
- ROE 14.5 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has delivered good profit growth of 36.2% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 20.4%
Cons
* 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 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 367 | 458 | 505 | 845 | 956 | 1,406 | 2,002 | 3,569 | 4,023 | 4,576 | 4,529 | |
| 288 | 375 | 433 | 758 | 855 | 1,231 | 1,782 | 3,124 | 3,510 | 4,046 | 4,047 | |
| Operating Profit | 80 | 82 | 72 | 87 | 101 | 175 | 220 | 445 | 514 | 529 | 482 |
| OPM % | 22% | 18% | 14% | 10% | 11% | 12% | 11% | 12% | 13% | 12% | 11% |
| 4 | 5 | 5 | 8 | -3 | 16 | 20 | 39 | 57 | 28 | -102 | |
| Interest | 1 | 1 | 7 | 12 | 6 | 4 | 7 | 22 | 30 | 42 | 26 |
| Depreciation | 3 | 5 | 12 | 17 | 23 | 26 | 38 | 82 | 86 | 89 | 90 |
| Profit before tax | 80 | 81 | 57 | 65 | 69 | 162 | 195 | 382 | 455 | 426 | 264 |
| Tax % | 22% | 25% | 17% | 15% | 16% | 18% | 13% | 13% | 15% | 22% | |
| 63 | 61 | 48 | 56 | 58 | 133 | 170 | 333 | 389 | 334 | 186 | |
| EPS in Rs | 31.37 | 12.13 | 9.74 | 11.38 | 11.65 | 23.10 | 26.36 | 52.38 | 59.74 | 50.61 | 27.15 |
| Dividend Payout % | 35% | 0% | 15% | 13% | 13% | 9% | 19% | 21% | 18% | 22% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 37% |
| 3 Years: | 32% |
| TTM: | 6% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 36% |
| 3 Years: | 26% |
| TTM: | -18% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | -5% |
| 3 Years: | -19% |
| 1 Year: | -53% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 17% |
| 3 Years: | 17% |
| Last Year: | 14% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 20 | 50 | 50 | 50 | 50 | 58 | 63 | 62 | 63 | 63 | 63 |
| Reserves | 50 | 77 | 121 | 173 | 219 | 594 | 1,610 | 1,758 | 2,087 | 2,369 | 2,464 |
| 0 | 18 | 84 | 79 | 53 | 20 | 16 | 140 | 378 | 468 | 21 | |
| 158 | 55 | 168 | 185 | 302 | 350 | 964 | 916 | 934 | 912 | 819 | |
| Total Liabilities | 228 | 200 | 423 | 487 | 625 | 1,022 | 2,653 | 2,877 | 3,462 | 3,812 | 3,368 |
| 9 | 33 | 182 | 170 | 176 | 193 | 952 | 953 | 898 | 818 | 862 | |
| CWIP | 1 | 0 | 0 | 2 | 0 | 1 | 0 | 15 | 26 | 32 | 0 |
| Investments | 0 | 0 | 0 | 11 | 12 | 13 | 13 | 20 | 15 | 16 | 17 |
| 218 | 167 | 241 | 304 | 438 | 815 | 1,688 | 1,889 | 2,523 | 2,946 | 2,489 | |
| Total Assets | 228 | 200 | 423 | 487 | 625 | 1,022 | 2,653 | 2,877 | 3,462 | 3,812 | 3,368 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 203 | -60 | 28 | 23 | 98 | 222 | 135 | 73 | -98 | 602 | |
| -35 | -19 | -132 | 0 | 1 | -225 | -821 | 111 | -2 | -261 | |
| -33 | 18 | 46 | -17 | -67 | 211 | 824 | -108 | 158 | -34 | |
| Net Cash Flow | 135 | -61 | -57 | 6 | 32 | 208 | 137 | 76 | 59 | 308 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 22 | 26 | 70 | 63 | 78 | 56 | 94 | 72 | 97 | 74 |
| Inventory Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Payable | ||||||||||
| Cash Conversion Cycle | 22 | 26 | 70 | 63 | 78 | 56 | 94 | 72 | 97 | 74 |
| Working Capital Days | -130 | -26 | -93 | -36 | -22 | -17 | -6 | 11 | 29 | 7 |
| ROCE % | 76% | 32% | 28% | 29% | 33% | 17% | 22% | 21% | 18% |
Documents
Announcements
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Communication To Shareholders - Intimation On Tax Deduction On Second Interim Dividend
4h - Second interim dividend ₹3/share; record date Nov 10, payment by Nov 25; TDS rules and document submission deadline Nov 10.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
7h - Audio recording posted for Nov 4, 2025 Q2/H1 FY2026 earnings call.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release (Revised)
11h - Q2FY26 revenue Rs1,119.42 crore; PBT Rs2.00 crore; PAT Rs(18.83) crore; results dated Nov 04, 2025.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
1d - Q2FY26 revenue Rs1,119.42 crore; PAT loss Rs(18.83) crore; PBT Rs2.00 crore; Sept 30, 2025.
- Announcement under Regulation 30 (LODR)-Investor Presentation 1d
Annual reports
Concalls
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Nov 2025TranscriptNotesPPT
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May 2025Transcript PPT REC
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Aug 2023Transcript PPT REC
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Jul 2023TranscriptNotesPPTREC
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May 2023Transcript PPT REC
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Jan 2023TranscriptPPTREC
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Jan 2023TranscriptNotesPPT REC
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Oct 2022Transcript PPT
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Oct 2021Transcript PPT
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May 2021Transcript PPT
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Feb 2021Transcript PPT
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Nov 2020Transcript PPT
Business Profile[1]
Route Mobile Limited is a leading global Communications Platform as a Service (CPaaS) provider, enabling enterprises, over-the-top (OTT) service providers, and mobile network operators (MNOs) to deliver seamless, hyper-personalized, and omnichannel customer engagement.