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 ₹ 1,706 Cr.
- Current Price ₹ 216
- High / Low ₹ 267 / 151
- Stock P/E 54.0
- Book Value ₹ 71.9
- Dividend Yield 0.00 %
- ROCE -2.25 %
- ROE -8.28 %
- Face Value ₹ 2.00
Pros
Cons
- Stock is trading at 3.00 times its book value
- Promoter holding is low: 25.2%
- Company has a low return on equity of -14.1% over last 3 years.
- Earnings include an other income of Rs.26.6 Cr.
* 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 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|
| 289 | 527 | 539 | 875 | 1,170 | 1,119 | 1,155 | |
| Sales growth | +82% | +2% | +62% | +34% | -4% | +7% | |
| 404 | 659 | 617 | 853 | 1,272 | 1,159 | 1,114 | |
| Operating Profit | -115 | -132 | -78 | 22 | -102 | -40 | 41 |
| OPM % | -40% | -25% | -14% | 2.5% | -9% | -3.6% | 3.5% |
| 14 | 17 | 22 | 15 | 22 | 19 | 27 | |
| Interest | 7 | 11 | 20 | 19 | 27 | 27 | 23 |
| Depreciation | 1 | 2 | 4 | 4 | 13 | 14 | 16 |
| Profit before tax | -110 | -128 | -81 | 14 | -120 | -62 | 28 |
| Tax % | 1% | -0% | 4% | -0% | 2% | 0% | |
| -111 | -128 | -84 | 14 | -122 | -62 | 28 | |
| EPS in Rs | -55.65 | -22.41 | -14.66 | 2.46 | -15.64 | -7.89 | 3.54 |
| Dividend Payout % | -0% | -0% | -0% | -0% | -0% | -0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 31% |
| 3 Years: | 28% |
| TTM: | 7% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 10% |
| 3 Years: | 13% |
| TTM: | 119% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -15% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | -27% |
| 3 Years: | -14% |
| Last Year: | -8% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 1 | 11 | 11 | 11 | 16 | 16 | 16 |
| Reserves | -35 | 205 | 131 | 151 | 573 | 523 | 551 |
| 75 | 158 | 206 | 223 | 292 | 276 | 360 | |
| 383 | 462 | 366 | 469 | 480 | 594 | 657 | |
| Total Liabilities | 423 | 836 | 714 | 855 | 1,360 | 1,409 | 1,583 |
| 1 | 9 | 15 | 16 | 25 | 23 | 22 | |
| CWIP | -0 | -0 | -0 | -0 | -0 | -0 | -0 |
| Investments | 1 | 1 | 2 | 5 | 6 | 9 | 10 |
| 421 | 826 | 698 | 834 | 1,329 | 1,376 | 1,552 | |
| Total Assets | 423 | 836 | 714 | 855 | 1,360 | 1,409 | 1,583 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| -35 | -321 | 27 | -22 | -68 | -78 | |
| 10 | -85 | -1 | 27 | -313 | 82 | |
| 73 | 329 | 18 | 3 | 515 | -2 | |
| Net Cash Flow | 49 | -76 | 44 | 8 | 133 | 2 |
| Free Cash Flow | -35 | -324 | 26 | -28 | -77 | -89 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 30% | 237% | -20% | -21% | 77% | 182% |
Ratios
Consolidated / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 48 | 20 | 51 | 34 | 17 | 24 |
| Inventory Days | ||||||
| Days Payable | ||||||
| Cash Conversion Cycle | 48 | 20 | 51 | 34 | 17 | 24 |
| Working Capital Days | -369 | -233 | -234 | -140 | -163 | -159 |
| ROCE % | -57% | -17% | 9% | -15% | -2% |
Insights
In beta| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Activated ZIP EMI Users Mn |
|
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| Merchants Mn |
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| Registered Users Mn |
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| ZIP EMI GMV (Disbursements) INR Mn |
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| Payments GMV (incl. ZaakPay) INR Mn |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Monitoring Agency Report
- CARE Ratings report for Q2 FY27 shows nil deviation and ₹521.45 crore utilized from ₹572 crore IPO proceeds.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
- Newspaper Publication of unaudited Financial Results for the quarter ended September 30, 2026
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
- Audio recording of earnings call held on November 02, 2026, is now available on the company website.
-
Corrigendum On The Discrepancy In Earnings Per Share (EPS) Reported In The Unaudited Consolidated Financial Results For The Quarter And Half Year Ended September 30, 2026
- Corrected Q2 FY2027 consolidated EPS to ₹1.50 from ₹0.75; no impact on results.
-
Announcement under Regulation 30 (LODR)-Investor Presentation
- Investor Presentation on the Financial Results of the Company for the quarter ended September 30, 2026
Concalls
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Nov 2026PPT REC
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Aug 2026Transcript PPT REC
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Aug 2026PPT
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May 2026Transcript PPT REC
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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.