One 97 Communications Ltd
PAYTM NSE
One 97 Communications Ltd
Financial Services F&ONSE: PAYTM BSE: 543396 Financial Technology (Fintech)
Incorporated in 2000, One 97 Communications Ltd is India's leading digital ecosystem for consumers as well as merchants. As of March 31, 2021, the company has a 333 million+ client base and 21 million+ registered merchants to whom it offers payment services, financial services, and commerce and cloud services.[1]
AI Verdict: HOLD Confidence: 5%
Paytm has turned profitable with TTM profit growth of 150% and is almost debt-free, but trades at a steep PE of 126.9x and 4.37x book value with a negative 3-year ROE of -4%. The risk-reward is balanced given strong analyst support (68% buy ratings) offset by rich valuations and earnings quality concerns.
Key Fundamentals
MidcapFintechFinancial ServicesMarket Cap
₹70,597 Cr
Volatility
Moderate
P/E Ratio
130.03
EBITDA
₹314 Cr
Return on Equity
-13.67%
Debt to Equity
0.01
Book Value
₹250.27
EPS
₹0
52W High
₹1,381.8
52W Low
₹886.45
Technical Indicators
Key Insights
Strengths
3- Company is almost debt free.
- Company has delivered good profit growth of 19.5% CAGR over last 5 years
- Company's median sales growth is 22.3% of last 10 years
Weaknesses
3- Stock is trading at 4.34 times its book value
- Company has a low return on equity of -4.48% over last 3 years.
- Earnings include an other income of Rs.668 Cr.
Growth Rate
Revenue Growth
10.65% ↗
Net Income Growth
-184.74% ↘
Cash Flow Change
-118.64% ↘
ROE
-58.69% ↘
ROCE
-58.92% ↘
EBITDA Margin (Avg.)
-132.94% ↘
AI Analysis — Bull vs Bear
anthropic claude-opus-4.6 3d agoHOLD
Risk high
Paytm has turned profitable with TTM profit growth of 150% and is almost debt-free, but trades at a steep PE of 126.9x and 4.37x book value with a negative 3-year ROE of -4%. The risk-reward is balanced given strong analyst support (68% buy ratings) offset by rich valuations and earnings quality concerns.
Bull Case 8
- TTM profit growth of 150% signals a decisive turnaround from years of losses to profitability
- Company is almost debt-free, providing financial flexibility and lower risk in a rising rate environment
- 68.42% of analysts (13 out of 19) rate the stock a Buy, reflecting strong institutional conviction
- Compounded sales growth of 25% over 5 years and 26% over 10 years demonstrates consistent revenue scaling
- Stock CAGR of 25% over the last 1 year indicates strong price momentum and renewed investor confidence
- Last year ROE turned positive at 5%, marking a structural shift from negative returns in prior years
- Median sales growth of 22.3% over the last 10 years shows durable top-line expansion in India's digital payments market
- Only 5.26% of analysts (1 out of 19) rate the stock a Sell, indicating limited bearish consensus
Bear Case 8
- PE ratio of 126.9x is extremely elevated, pricing in years of flawless execution with no margin of safety
- 3-year average ROE of -4% and 5-year average ROE of -9% indicate prolonged destruction of shareholder value
- Trading at 4.37x book value is expensive for a company that has only recently turned profitable
- Earnings include other income of Rs.668 Cr, raising concerns about the quality and sustainability of reported profits
- Zero dividend yield offers no income cushion for investors during potential price corrections
- 3-year compounded sales CAGR of just 2% shows a sharp deceleration from the 5-year rate of 25%, likely reflecting RBI regulatory impact
- 5-year compounded profit CAGR of only 20% on a loss-making base suggests the path to sustained profitability remains nascent
- Market cap of Rs.69,835 Cr demands continued high growth execution in an increasingly competitive fintech landscape
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
anthropic claude-opus-4.6 14h ago Neutral 2
- ₹26.58 Cr NSE block trade Jun 23
Approximately 240,969 shares traded at ₹1103.10 per share in a single block deal on NSE, totalling ₹26.58 crores, indicating institutional secondary market activity.
- Six investor meets in June May 26
Paytm will attend six investor conferences in Mumbai in June 2026, hosted by Bank of America, Morgan Stanley, and others, signalling active engagement with institutional investors.
TL;DR: Limited news flow for Paytm in this period with no clear headwinds or positive catalysts. A ₹26.58 Cr block trade suggests steady institutional interest, and participation in multiple investor conferences indicates management is proactively engaging the Street. The trend is neither improving nor deteriorating—watch for material business updates post the June conference circuit.
Quarterly Results
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2,334 | 2,342 | 2,519 | 2,850 | 2,267 | 1,502 | 1,659 | 1,828 | 1,912 | 1,918 | 2,061 | 2,194 | 2,264 |
| Expenses | 2,466 | 2,652 | 2,750 | 3,014 | 2,734 | 2,295 | 2,063 | 2,051 | 2,000 | 1,846 | 1,921 | 2,039 | 2,132 |
| Operating Profit | -131 | -311 | -231 | -163 | -467 | -794 | -404 | -223 | -88 | 72 | 140 | 155 | 132 |
| OPM % | -6% | -13% | -9% | -6% | -21% | -53% | -24% | -12% | -5% | 4% | 7% | 7% | 6% |
| Other Income | 130 | 123 | 139 | 149 | 132 | 138 | 1,524 | 189 | -299 | 224 | 32 | 212 | 199 |
| Interest | 7 | 7 | 7 | 5 | 5 | 4 | 3 | 4 | 5 | 4 | 5 | 4 | 5 |
| Depreciation | 160 | 159 | 180 | 201 | 196 | 178 | 179 | 165 | 150 | 166 | 137 | 133 | 132 |
| PBT | -168 | -354 | -279 | -221 | -536 | -839 | 938 | -203 | -542 | 126 | 30 | 230 | 194 |
| Tax % | 0% | 1% | 5% | 0% | 3% | 0% | 1% | 2% | 1% | 2% | 30% | 2% | 6% |
| Net Profit | -168 | -358 | -292 | -222 | -550 | -840 | 930 | -208 | -545 | 123 | 21 | 225 | 183 |
| EPS in Rs | -2.66 | -5.63 | -4.58 | -3.46 | -8.65 | -13.19 | 14.58 | -3.26 | -8.47 | 1.93 | 0.33 | 3.52 | 2.87 |
Profit & Loss
| Mar 2015 | Mar 2016 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 323 | 855 | 3,224 | 3,279 | 2,801 | 4,974 | 7,990 | 9,978 | 6,900 | 8,437 |
| Expenses | 683 | 2,523 | 7,592 | 5,964 | 4,640 | 7,358 | 9,634 | 10,921 | 8,406 | 7,937 |
| Operating Profit | -360 | -1,668 | -4,368 | -2,685 | -1,838 | -2,384 | -1,644 | -943 | -1,506 | 500 |
| OPM % | -111% | -195% | -135% | -82% | -66% | -48% | -21% | -9% | -22% | 6% |
| Other Income | 16 | 164 | 280 | -45 | 356 | 288 | 410 | 314 | 1,550 | 668 |
| Interest | 2 | 1 | 38 | 54 | 38 | 42 | 24 | 26 | 17 | 18 |
| Depreciation | 21 | 28 | 112 | 174 | 178 | 247 | 485 | 736 | 673 | 568 |
| PBT | -367 | -1,534 | -4,237 | -2,958 | -1,698 | -2,385 | -1,743 | -1,390 | -645 | 582 |
| Tax % | 1% | 0% | 0% | -1% | 0% | 0% | 2% | 2% | 3% | 5% |
| Net Profit | -372 | -1,535 | -4,231 | -2,942 | -1,701 | -2,396 | -1,776 | -1,422 | -663 | 552 |
| EPS in Rs | -123 | -332 | -727 | -470 | -280 | -36.9 | -28.02 | -22.3 | -10.33 | 8.64 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Balance Sheet
| Mar 2015 | Mar 2016 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 30 | 46 | 58 | 60 | 60 | 65 | 63 | 64 | 64 | 64 |
| Reserves | 354 | 2,751 | 5,667 | 8,045 | 6,474 | 14,087 | 12,952 | 13,263 | 14,963 | 15,962 |
| Borrowings | 0 | 15 | 932 | 428 | 612 | 222 | 223 | 177 | 160 | 194 |
| Other Liabilities | 316 | 637 | 2,107 | 1,769 | 2,004 | 3,618 | 4,727 | 5,190 | 6,261 | 7,695 |
| Total Liabilities | 701 | 3,450 | 8,764 | 10,302 | 9,151 | 17,991 | 17,966 | 18,693 | 21,448 | 23,915 |
| Fixed Assets | 47 | 81 | 841 | 594 | 491 | 914 | 1,209 | 1,247 | 890 | 910 |
| CWIP | 11 | 59 | 56 | 15 | 24 | 12 | 11 | 14 | 16 | 7 |
| Investments | 112 | 2,308 | 2,849 | 3,740 | 413 | 1,230 | 2,697 | 4,628 | 4,172 | 4,501 |
| Other Assets | 530 | 1,002 | 5,018 | 5,954 | 8,223 | 15,836 | 14,048 | 12,804 | 16,370 | 18,497 |
| Total Assets | 701 | 3,450 | 8,764 | 10,302 | 9,151 | 17,991 | 17,966 | 18,693 | 21,448 | 23,915 |
Cash Flow
| Mar 2015 | Mar 2016 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating | -334 | -1,405 | -4,476 | -2,377 | -2,082 | -1,236 | 416 | 651 | -121 | -743 |
| Investing | -20 | -2,229 | 1,906 | -1,997 | 1,934 | -5,484 | 2,628 | 338 | -2,031 | 1,719 |
| Financing | 459 | 3,938 | 2,110 | 5,160 | -222 | 8,054 | -1,112 | -22 | -53 | -50 |
| Net Cash Flow | 104 | 304 | -460 | 786 | -371 | 1,334 | 1,931 | 967 | -2,205 | 926 |
| Free Cash Flow | -372 | -1,515 | -4,651 | -2,563 | -2,270 | -1,741 | -281 | -161 | -438 | -1,211 |
| CFO/OP | 93 | 87 | 98 | 88 | 123 | 46 | -36 | -81 | 9 | -142 |
Ratios
| Mar 2015 | Mar 2016 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 100 | 53 | 29 | 34 | 61 | 55 | 57 | 60 | 69 | 51 |
| Cash Conversion Cycle | 100 | 53 | 29 | 34 | 61 | 55 | 57 | 60 | 69 | 51 |
| Working Capital Days | 12 | -83 | 195 | 116 | 289 | 162 | 61 | -18 | -119 | -55 |
| ROCE % | — | -101% | — | -34% | -21% | -22% | -12% | -8% | -10% | 5% |
Documents
1
Announcement under Regulation 30 (LODR)-Newspaper Publication
7 May - Newspaper Publication - Financial Results for the quarter and financial year ended March 31, 2026. 7 May - Newspaper Publication - Financial Results for the quarter and financial year ended March 31, 2026.
2
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
7 May - Paytm will attend investor meetings and conferences in Singapore and Hong Kong from May 18-20, 2026. 7 May - Paytm will attend investor meetings and conferences in Singapore and Hong Kong from May 18-20, 2026.
3
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
7 May - Audio recording of May 7, 2026 earnings conference call uploaded for FY26 results. 7 May - Audio recording of May 7, 2026 earnings conference call uploaded for FY26 results.
4
Board Meeting Outcome for Outcome Of The Board Meeting Held On May 06, 2026
6h - Paytm approved FY26 audited results; consolidated profit ₹552 crore and reappointed Ashit Ranjit Lilani for five years. 6h - Paytm approved FY26 audited results; consolidated profit ₹552 crore and reappointed Ashit Ranjit Lilani for five years.
5
Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations, 2015
6h - On May 6, 2026, NRC granted 1,77,044 ESOPs and allotted 70,504 shares, raising paid-up capital to 64,01,80,180. 6h - On May 6, 2026, NRC granted 1,77,044 ESOPs and allotted 70,504 shares, raising paid-up capital to 64,01,80,180.
Frequently Asked Questions about One 97 Communications Ltd
What does One 97 Communications Ltd do?
Incorporated in 2000, One 97 Communications Ltd is India's leading digital ecosystem for consumers as well as merchants. As of March 31, 2021, the company has a 333 million+ client base and 21 million+ registered merchants to whom it offers payment services, financial services, and commerce and c...
Where is One 97 Communications Ltd (PAYTM) listed?
One 97 Communications Ltd is listed on the Indian stock exchanges. It is listed on NSE: PAYTM and BSE: 543396. You can view its live share price, financials, and ratios on Tapetide.
Which sector does One 97 Communications Ltd belong to?
One 97 Communications Ltd operates in the Financial Services sector within the Financial Technology (Fintech) industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of One 97 Communications Ltd?
One 97 Communications Ltd has a market capitalisation of approximately ₹70597.04 Cr. Based on this, it is classified as a Large Cap stock.
What is the PE ratio of One 97 Communications Ltd?
The Price-to-Earnings (PE) ratio of One 97 Communications Ltd is 130.03. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of One 97 Communications Ltd?
Over the past 52 weeks, One 97 Communications Ltd has traded between a low of ₹886.45 and a high of ₹1,381.8. This range helps investors understand the stock's price volatility and recent trading levels.
What is the Return on Equity (ROE) of One 97 Communications Ltd?
One 97 Communications Ltd has a Return on Equity (ROE) of -13.67%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research One 97 Communications Ltd on Tapetide?
On Tapetide, you can view One 97 Communications Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.
Company Information
Incorporated in 2000, One 97 Communications Ltd is India's leading digital ecosystem for consumers as well as merchants. As of March 31, 2021, the company has a 333 million+ client base and 21 million+ registered merchants to whom it offers payment services, financial services, and commerce and cloud services.[1]