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]
India’s Leading Digital Ecosystem PlatformThe company owns and operates India’s leading mobile payments and financial services distribution brandPaytm. It has built the largest payment ecosystem with a registered merchant base of 4.2 Cr, and 112 lakh payment devices facilitating over 1,100 transactions as of Q2 FY25.[1][2][3]
| S.No. | Name | Current Price (Rs.) | Price to Earning | Market Capitalization (Rs.Cr.) | Dividend yield (%) | Net Profit latest quarter (Rs.Cr.) | YOY Quarterly profit growth (%) | Sales latest quarter (Rs.Cr.) | YOY Quarterly sales growth (%) | Return on capital employed (%) | Sales (Rs.Cr.) | OPM (%) | Profit after tax (Rs.Cr.) | Profit after tax latest quarter (Rs.Cr.) | Price to book value | Return on assets (%) | Debt to equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | One 97 | 1332.10 | – | 85218.19 | 0.00 | -264.00 | 129.98 | 1681.00 | 32.89 | -11.76 | 6357.90 | -1.98 | -19.10 | 131.00 | 6.68 | -8.93 | 0.01 |
| 2. | PB Fintech. | 1743.80 | 174.78 | 80681.22 | 0.00 | 134.89 | 166.15 | 1613.55 | 38.24 | 5.90 | 5761.03 | 4.73 | 461.62 | 134.86 | 11.83 | 4.42 | 0.05 |
| 3. | Pine Labs | 240.77 | – | 27647.05 | 0.00 | 5.97 | 118.65 | 649.90 | 17.83 | -0.49 | 2274.27 | 9.60 | -114.13 | 5.97 | – | -1.12 | 0.23 |
| 4. | Infibeam Avenues | 16.51 | 24.26 | 5740.60 | 0.00 | 67.65 | 50.94 | 1964.91 | 93.27 | 8.65 | 5475.99 | 5.74 | 236.64 | 66.52 | 1.11 | 4.59 | 0.02 |
| 5. | Seshaasai Tech. | 285.70 | 21.49 | 4622.79 | 0.00 | 57.88 | -10.91 | 351.35 | -10.98 | 36.54 | 1462.21 | 24.62 | 222.21 | 57.88 | 3.61 | 20.96 | 0.26 |
| 6. | One Mobikwik | 227.39 | – | 1788.61 | 0.00 | -26.98 | -420.62 | 268.30 | -7.34 | -13.13 | 1071.90 | -14.94 | -163.06 | -15.15 | 3.30 | -10.83 | 0.69 |
| 7. | MOS Utility | 24.05 | 39.71 | 619.14 | 0.00 | 9.26 | 54.33 | 315.81 | 2.46 | 19.20 | 624.06 | 4.22 | 15.59 | 8.38 | 6.57 | 9.41 | 0.53 |
| – | Median: 8 Co. | 234.08 | 25.06 | 5181.69 | 0.0 | 7.62 | 52.63 | 500.62 | 25.36 | 7.28 | 1868.24 | 5.24 | 12.68 | 33.13 | 5.09 | 4.5 | 0.24 |
Standalone figures in ₹ crores
| Dec 2022 | Dec 2023 | Dec 2024 | Jun 2023 | Jun 2024 | Jun 2025 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2022 | Sep 2023 | Sep 2024 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 1,574 | 2,138 | 1,492 | 1,845 | 1,149 | 1,586 | 1,804 | 1,698 | 1,599 | 1,404 | 1,980 | 1,265 | 1,681 |
Expenses | 1,932 | 2,330 | 1,700 | 2,140 | 1,919 | 1,510 | 1,945 | 2,193 | 1,680 | 1,974 | 2,246 | 1,686 | 1,593 |
Operating Profit | -358 | -192 | -208 | -296 | -771 | 76 | -141 | -495 | -81 | -570 | -266 | -421 | 88 |
Other Income | 47 | 141 | 169 | 125 | 125 | 153 | 102 | 126 | -349 | 86 | 125 | 1,420 | -213 |
Profit before tax | -436 | -254 | -205 | -333 | -825 | 63 | -203 | -566 | -580 | -589 | -324 | 821 | -264 |
Tax % | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% |
Net Profit | -436 | -254 | -205 | -333 | -825 | 63 | -203 | -566 | -580 | -589 | -324 | 821 | -264 |
EPS in Rs | -6.71 | -3.99 | -3.22 | -5.25 | -12.97 | 0.99 | -3.21 | -8.91 | -9.10 | -9.07 | -5.10 | 12.90 | -4.13 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 449 | 625 | 2,982 | 3,050 | 3,115 | 2,667 | 3,892 | 6,028 | 7,661 | 5,505 | 6,358 |
Expenses | 2,169 | 2,389 | 4,685 | 7,164 | 5,580 | 4,344 | 6,188 | 7,729 | 8,698 | 6,985 | 6,484 |
Operating Profit | -1,720 | -1,764 | -1,703 | -4,114 | -2,465 | -1,677 | -2,296 | -1,701 | -1,038 | -1,480 | -126 |
Other Income | 234 | 932 | 308 | 251 | -175 | 310 | 239 | 336 | 307 | 1,365 | -241 |
Interest | 1 | 4 | 28 | 20 | 50 | 36 | 40 | 22 | 24 | 16 | 17 |
Depreciation | 25 | 39 | 69 | 76 | 143 | 157 | 228 | 470 | 721 | 658 | 604 |
Profit before tax | -1,512 | -876 | -1,491 | -3,960 | -2,833 | -1,560 | -2,325 | -1,856 | -1,476 | -789 | -987 |
Net Profit | -1,510 | -880 | -1,490 | -3,960 | -2,833 | -1,560 | -2,325 | -1,856 | -1,476 | -789 | -987 |
EPS in Rs | -326.66 | -187.18 | -269.39 | -688.20 | -468.78 | -257.93 | -35.85 | -29.28 | -23.23 | -12.37 | -15.46 |
Dividend Payout % | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | – |
Standalone figures in ₹ crores
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 46 | 47 | 55 | 58 | 60 | 60 | 65 | 63 | 64 | 64 | 64 |
Reserves | 2,771 | 2,329 | 7,520 | 5,978 | 8,351 | 6,924 | 13,648 | 12,223 | 12,275 | 12,810 | 12,674 |
Borrowings | 15 | 90 | 242 | 722 | 405 | 588 | 204 | 207 | 169 | 155 | 145 |
Other Liabilities | 630 | 1,422 | 739 | 1,925 | 1,690 | 1,907 | 2,440 | 3,143 | 4,034 | 4,412 | 4,850 |
Total Liabilities | 3,462 | 3,888 | 8,556 | 8,683 | 10,507 | 9,480 | 16,357 | 15,636 | 16,542 | 17,441 | 17,733 |
Fixed Assets | 78 | 141 | 166 | 286 | 508 | 390 | 830 | 1,137 | 1,183 | 871 | 812 |
Gross Block | 104.75 | 198.70 | 289.08 | 477.07 | 808.60 | 848.20 | 1,481.90 | 2,181.70 | 2,783.30 | 3,059.70 | – |
Accumulated Depreciation | 27.20 | 57.49 | 122.98 | 190.93 | 300.97 | 457.70 | 651.90 | 1,044.60 | 1,600.70 | 2,188.70 | – |
CWIP | 58 | 72 | 20 | 51 | 12 | 23 | 11 | 8 | 11 | 4 | 6 |
Investments | 2,363 | 972 | 5,188 | 3,440 | 4,212 | 1,299 | 1,305 | 2,493 | 4,337 | 5,072 | 6,783 |
Other Assets | 964 | 2,703 | 3,183 | 4,906 | 5,776 | 7,767 | 14,210 | 11,998 | 11,013 | 11,494 | 10,132 |
Total Assets | 3,462 | 3,888 | 8,556 | 8,683 | 10,507 | 9,480 | 16,357 | 15,636 | 16,542 | 17,441 | 17,733 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operating Activity | – | -1,828 | -2,582 | -4,355 | -2,242 | -2,002 | -1,318 | 92 | 225 | 39 |
Cash from Investing Activity | – | 1,672 | -4,267 | 1,709 | -2,181 | 1,718 | -5,472 | 2,946 | 608 | -1,935 |
Cash from Financing Activity | – | 472 | 6,401 | 2,861 | 5,169 | -207 | 8,062 | -1,101 | 7 | -18 |
Net Cash Flow | – | 316 | -448 | 215 | 746 | -492 | 1,272 | 1,936 | 840 | -1,914 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 88 | 54 | 62 | 29 | 38 | 67 | 66 | 69 | 70 | 81 |
Inventory Days | – | – | – | – | – | – | – | – | – | – |
Days Payable | – | – | – | – | – | – | – | – | – | – |
Cash Conversion Cycle | 88 | 54 | 62 | 29 | 38 | 67 | 66 | 69 | 70 | 81 |
Working Capital Days | 11 | 352 | 191 | 228 | 134 | 310 | 207 | 95 | -2 | -72 |
ROCE % | – | -39% | -28% | -53% | -32% | -18% | -21% | -14% | -10% | -12% |
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Stock Analysis
One 97 Communications Limited operates India's leading digital payment ecosystem under the Paytm brand, offering payment, financial, commerce, and cloud services to a vast consumer and merchant base.
Currently no data available for Key Growth Triggers.
Currently no data available for Order Book.
Currently no data available for Key Red Flags.
• January 29, 2026: Board Meeting to approve Q3 FY26 results.
• January 30, 2026: Earnings Conference Call for investors and analysts.
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