Whalesbook
Stock Ne Kyun Giraavt Dikhaayi?
MobiKwik ke shares aaj 3% se zyada gir kar ₹219.70 par aa gaye. Pichhle saal ke muqable toh company ne profit mein zabardast comeback kiya hai, March 2026 quarter mein ₹4.11 crore ka profit report kiya hai jo pichhle saal ke ₹55.71 crore ke loss se kaafi acha hai. Lekin, investors sequential growth par focus kar rahe hain. December 2025 quarter mein profit ₹4.25 crore tha, aur revenue bhi ₹282.15 crore ho gaya hai jo pichhle quarter ke ₹286.26 crore se kam hai. Yahi wajah hai ki stock mein giraavt dikhi.
Yearly Recovery Aur Nayi Investment Ka Plan
Saal-dar-saal basis par dekhne toh company ka performance waqai sudhra hai. EBITDA bhi positive ho gaya hai, ₹19.52 crore ka profit dikhaya hai Q4FY26 mein, jabki pichhle saal Q4FY25 mein ₹43.71 crore ka loss tha. EBITDA margins bhi improve hokar 6.7% ho gaye hain. Company ne apne merchant payments business ko badhane ke liye ₹55 crore ki investment ka bhi plan banaya hai, jisme management ko FY28 tak 10 guna growth ki umeed hai.
Market Pressure Aur Competitors
MobiKwik ki market cap lagbhag $1.5 billion hai. Aise companies ke liye P/E ratio jaisi cheezein abhi calculation mein nahi aati. Iske competitors jaise Paytm aur dusre fintechs aksar higher P/E par trade karte hain, jo growth expectations dikhata hai. Market MobiKwik ko alag tarah se value kar raha hai, unke current growth pace aur nayi projects mein kharch ko dekhte hue. Fintech sector overall pressures face kar raha hai. Analysts ne filhaal 'Hold' ratings aur ₹230-₹240 ke aas paas price targets diye hain, jo ek cautious view dikha raha hai.
Merchant Payments Mein Risk
₹55 crore ki investment merchant payments business ke liye ek bada risk hai. Target bade hain, growth ka plan hai, par isme paisa bhi kharch hoga aur India ke digital payments market mein competition bhi zabardast hai. PhonePe aur Google Pay UPI mein dominate kar rahe hain. MobiKwik ko merchant payments mein position banane ke liye kaafi effort karna padega. Fintech sector mein evolving regulations bhi ek factor hain jo costs badha sakte hain.
Management Ka Future View
Management merchant payments division ke long-term potential ko lekar optimistic hai. Unko lagta hai ki FY28 tak ye revenue aur market presence badhayega. Lekin, abhi investors short-term performance par nazar rakhenge ki company apni yearly improvement ko kaise maintain karti hai aur sequential growth kaise laati hai, saath hi competition aur nayi investments ko kaise manage karti hai.