Route Mobile Ltd

Route Mobile Ltd

₹ 1,600 -0.41%
23 Feb - close price
About

Route Mobile is a Cloud Communication Platform provider, catering to enterprises, over-the-top (OTT) players and mobile network operators (MNO). Their product portfolio includes smart solutions in Messaging, Voice, Email, and SMS Filtering, Analytics & Monetization. It was incorporated in 2004. It was listed in September, 2020. The promoters have over 2 decades of experience in the software and the communications sector. [1] [2] [3]

Key Points

Business Segments
Enterprise: Provides cloud based communication platform to enterprises to enable digital communication through multiple channels including RCS, A2P / P2A messaging, 2Way Messaging, etc,.
Mobile Operator: Main service offerings in this segment include SMS analytics, firewall, filtering, monetization and CPaaS and hubbing solutions
Business Process Outsourcing: They provide client support, technical support, booking and collection services [1]

  • Market Cap 10,023 Cr.
  • Current Price 1,600
  • High / Low 1,760 / 1,209
  • Stock P/E 26.7
  • Book Value 320
  • Dividend Yield 0.69 %
  • ROCE 22.0 %
  • ROE 18.7 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Company has delivered good profit growth of 47.1% CAGR over last 5 years

Cons

  • Promoter holding has decreased over last 3 years: -7.60%

* 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
385 362 378 436 563 626 729 846 986 1,009 967 1,015 1,024
340 313 332 380 502 570 644 743 861 877 840 886 899
Operating Profit 45 50 46 56 61 56 85 103 125 132 127 128 125
OPM % 12% 14% 12% 13% 11% 9% 12% 12% 13% 13% 13% 13% 12%
9 -1 4 2 5 8 15 2 8 15 11 4 35
Interest 0 0 0 1 1 3 4 4 7 5 7 7 6
Depreciation 7 6 7 7 10 15 20 19 22 21 21 21 22
Profit before tax 46 42 43 50 55 47 76 82 103 120 110 104 132
Tax % 19% 16% 20% 17% 16% -1% 6% 12% 17% 14% 17% 15% 14%
38 35 34 42 46 47 71 73 85 104 92 88 114
EPS in Rs 6.62 6.13 5.86 7.28 7.08 7.25 11.01 11.84 13.23 16.27 14.80 14.18 16.89
Raw PDF

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 TTM
367 458 505 845 956 1,406 2,002 3,569 4,015
288 375 433 758 855 1,231 1,782 3,124 3,502
Operating Profit 80 82 72 87 101 175 220 445 513
OPM % 22% 18% 14% 10% 11% 12% 11% 12% 13%
4 5 5 8 -3 16 20 39 64
Interest 1 1 7 12 6 4 7 22 25
Depreciation 3 5 12 17 23 26 38 82 85
Profit before tax 80 81 57 65 69 162 195 382 466
Tax % 22% 25% 17% 15% 16% 18% 13% 13%
63 61 48 56 58 133 170 333 398
EPS in Rs 31.37 12.13 9.74 11.38 11.65 23.10 26.36 52.38 62.14
Dividend Payout % 35% 0% 15% 13% 13% 9% 19% 21%
Compounded Sales Growth
10 Years: %
5 Years: 48%
3 Years: 55%
TTM: 26%
Compounded Profit Growth
10 Years: %
5 Years: 47%
3 Years: 67%
TTM: 39%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: -3%
1 Year: 18%
Return on Equity
10 Years: %
5 Years: 20%
3 Years: 19%
Last Year: 19%

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 Sep 2023
Equity Capital 20 50 50 50 50 58 63 62 63
Reserves 50 77 121 173 219 594 1,610 1,758 1,939
0 18 84 79 53 20 16 140 181
158 55 168 185 302 350 964 916 984
Total Liabilities 228 200 423 487 625 1,022 2,653 2,877 3,167
9 33 182 170 176 193 952 953 951
CWIP 1 0 0 2 0 1 0 15 8
Investments 0 0 0 11 12 13 13 20 14
218 167 241 304 438 815 1,688 1,889 2,194
Total Assets 228 200 423 487 625 1,022 2,653 2,877 3,167

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
203 -60 28 23 98 222 135 73
-35 -19 -132 0 1 -225 -821 111
-33 18 46 -17 -67 211 824 -108
Net Cash Flow 135 -61 -57 6 32 208 137 76

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 22 26 70 63 78 56 94 72
Inventory Days 0 0 0 0 0 0 0 0
Days Payable
Cash Conversion Cycle 22 26 70 63 78 56 94 72
Working Capital Days -130 -14 -37 -5 -5 -16 -5 18
ROCE % 76% 32% 28% 29% 33% 17% 22%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
65.35% 65.35% 65.12% 59.98% 59.82% 59.82% 58.56% 58.43% 58.32% 58.32% 58.15% 58.15%
15.94% 15.61% 15.05% 19.80% 20.15% 19.94% 21.32% 21.11% 20.30% 21.34% 21.76% 21.59%
5.77% 6.02% 5.89% 6.65% 5.80% 7.03% 7.18% 7.21% 8.15% 6.81% 5.50% 5.99%
12.94% 13.02% 13.94% 13.56% 13.95% 13.21% 12.94% 13.23% 13.25% 13.53% 14.56% 14.26%
0.00% 0.00% 0.00% 0.00% 0.27% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
No. of Shareholders 98,0731,14,9291,60,7581,89,0072,09,6262,22,1522,22,0942,21,2302,18,9912,10,4911,94,9871,84,060

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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