Past 10 year’s financial track record analysis by Moneyworks4me indicates that One Mobikwik Systems Ltd is a below average quality company.
The key valuation ratios of One Mobikwik Systems Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of One Mobikwik Systems Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 0% | 0% | 0% | 0% | -99.4% | -104% | -74.6% | -12.2% | 12.7% | 16% | - |
| Value Creation Index ⓘ | NA | NA | NA | NA | -8.1 | NA | NA | -1.9 | -0.1 | 0.1 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 0 | 0 | 0 | 0 | 111 | 306 | 271 | 487 | 526 | 867 | 867 |
| Sales YoY Gr. | - | NA | NA | NA | NA | 176.5% | -11.4% | 79.6% | 8% | 65% | - |
| Adj EPS ⓘ | 0 | 0 | 0 | 0 | -62.6 | -49.1 | -53.5 | -21.6 | -14.5 | 1.6 | 1.2 |
| YoY Gr. | - | NA | NA | NA | NA | NA | NA | NA | NA | NA | - |
| BVPS (₹) ⓘ | 0 | 0 | 0 | 0 | 9.9 | -26.8 | -23.5 | 33.8 | 19.5 | 21.1 | 89.2 |
| Adj Net Profit ⓘ | 0 | 0 | 0 | 0 | -126 | -98.6 | -108 | -124 | -82.6 | 9 | 9 |
| Cash Flow from Ops. ⓘ | 0 | 0 | 0 | 0 | -101 | -21.6 | -37.5 | -321 | 17.5 | -24.9 | - |
| Debt/CF from Ops. ⓘ | 0 | 0 | 0 | 0 | -0.8 | -3.3 | -1.5 | -0.5 | 12.1 | -9.9 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | 51% | 47.4% | 65% | ||||
| Adj EPS ⓘ | NA | NA | NA | NA | ||||
| BVPSⓘ | NA | 16.3% | NA | 8.4% | ||||
| Share Price | - | - | - | - | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 0 | 0 | 0 | 0 | -373.4 | -1021.6 | 1509.3 | -104.4 | -41.2 | 5.3 | 2.1 |
| Op. Profit Mgn % ⓘ | 0 | 0 | 0 | 0 | -124.4 | -34.2 | -22.6 | -8.9 | 5.9 | 5.9 | NAN |
| Net Profit Mgn % ⓘ | 0 | 0 | 0 | 0 | -113.7 | -32.3 | -39.7 | -25.4 | -15.7 | 1 | 1 |
| Debt to Equity ⓘ | 0 | 0 | 0 | 0 | 2.6 | -1.8 | -1.7 | 0.7 | 1.9 | 2.1 | - |
| Working Cap Days ⓘ | 0 | 0 | 0 | 0 | 0 | 143 | 200 | 222 | 254 | 164 | 0 |
| Cash Conv. Cycle ⓘ | 0 | 0 | 0 | 0 | 0 | -101 | -106 | -65 | -71 | -77 | 0 |
Return on Equity has increased versus last 3 years average to 2.10%
Sales growth is growing at healthy rate in last 3 years 47.36%
Net Profit has been subdued in last 3 years 0.00%
Debt to equity has increased versus last 3 years average to 2.05
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 1.2 | 1.8 |
| TTM Sales (₹ Cr.) | 867 | 875 |
| BVPS (₹.) ⓘ | 89.2 | 87.1 |
| Reserves (₹ Cr.) ⓘ | 677 | 661 |
| P/BV ⓘ | 5.48 | 5.61 |
| PE ⓘ | 424.31 | 269.49 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 439.20 / 605.00 |
| All Time Low / High (₹) | 439.20 / 605.00 |
| Market Cap (₹ Cr.) | 3,794 |
| Equity (₹ Cr.) | 15.5 |
| Face Value (₹) | 2 |
| Industry PE ⓘ | 418 |
| PARTICULARS | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|
| Sales | 111 | 306 | 271 | 487 | 526 | 867 |
| Operating Expenses ⓘ | 248 | 416 | 333 | 530 | 495 | 816 |
| Manufacturing Costs | 20 | 31 | 16 | 47 | 105 | 322 |
| Material Costs | 0 | 0 | 0 | 0 | 0 | 0 |
| Employee Cost | 53 | 66 | 52 | 104 | 96 | 114 |
| Other Costs ⓘ | 175 | 320 | 264 | 379 | 293 | 380 |
| Operating Profit ⓘ | -138 | -111 | -62 | -43 | 31 | 51 |
| Operating Profit Margin (%) | -124.0% | -36.2% | -22.7% | -8.9% | 5.9% | 5.9% |
| Other Income ⓘ | 20 | 22 | 21 | 25 | 21 | 17 |
| Interest ⓘ | 7 | 10 | 66 | 101 | 130 | 55 |
| Depreciation ⓘ | 1 | 3 | 1 | 2 | 4 | 4 |
| Exceptional Items ⓘ | 0 | 0 | 0 | -6 | 0 | 0 |
| Profit Before Tax ⓘ | -126 | -102 | -108 | -128 | -83 | 9 |
| Tax ⓘ | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | -126 | -102 | -108 | -128 | -83 | 9 |
| PAT Margin (%) | -113.0% | -33.4% | -39.7% | -26.3% | -15.7% | 1.0% |
| Adjusted EPS (₹) | -62.6 | -50.8 | -53.6 | -22.4 | -14.4 | 1.6 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 33 | -41 | -33 | 194 | 111 | 121 | ||||
| Share Capital ⓘ | 14 | 14 | 15 | 11 | 11 | 11 | ||||
| Reserves ⓘ | 19 | -55 | -48 | 182 | 100 | 109 | ||||
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Debt | 72 | 59 | 53 | 144 | 184 | 218 | ||||
| Long Term Debt | 13 | 1 | 0 | 0 | 22 | 42 | ||||
| Short Term Debt | 59 | 58 | 53 | 144 | 162 | 175 | ||||
| Trade Payables | 74 | 56 | 74 | 64 | 114 | 221 | ||||
| Others Liabilities ⓘ | 141 | 258 | 321 | 418 | 330 | 311 | ||||
| Total Liabilities ⓘ | 320 | 332 | 416 | 819 | 740 | 870 | ||||
Fixed Assets | ||||||||||
| Gross Block | 4 | 8 | 2 | 12 | 22 | 27 | ||||
| Accumulated Depreciation | 3 | 3 | 1 | 3 | 7 | 12 | ||||
| Net Fixed Assetsⓘ | 1 | 5 | 1 | 9 | 15 | 16 | ||||
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Investmentsⓘ | 11 | 9 | 42 | 53 | 63 | 66 | ||||
| Inventories | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Trade Receivables | 15 | 17 | 32 | 36 | 76 | 81 | ||||
Cash Equivalents  ⓘ
| 181 | 206 | 190 | 348 | 338 | 335 | ||||
| Others Assetsⓘ | 111 | 96 | 152 | 372 | 249 | 372 | ||||
| Total Assets ⓘ | 320 | 332 | 416 | 819 | 740 | 870 | ||||
| PARTICULARS | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | -101 | -22 | -37 | -321 | 17 | -25 |
| PBT ⓘ | -126 | -102 | -108 | -128 | -83 | 9 |
| Adjustment ⓘ | -2 | 79 | 63 | 140 | 138 | 51 |
| Changes in Working Capital ⓘ | 27 | 6 | 7 | -327 | -45 | -72 |
| Tax Paid ⓘ | 0 | -4 | 0 | -6 | 7 | -13 |
| Cash Flow From Investing Activity ⓘ | 12 | 20 | 8 | -83 | -26 | 23 |
| Capex | -1 | 0 | -1 | -3 | -1 | -6 |
| Net Investments | 38 | 5 | 5 | -73 | -21 | 14 |
| Others ⓘ | -26 | 15 | 3 | -7 | -4 | 14 |
| Cash Flow From Financing Activityⓘ | 74 | -23 | 73 | 330 | 36 | 18 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 106 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | -4 | 0 | -8 | 0 | 0 | 0 |
| Interest Paid ⓘ | -7 | -10 | -7 | -10 | -19 | -20 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 86 | -13 | 87 | 234 | 56 | 38 |
| Net Cash Flow ⓘ | -15 | -25 | 43 | -74 | 28 | 16 |
| PARTICULARS | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | -630.33 | N/A | N/A | -174.93 | -54.17 | 7.71 | ||||
| ROCE (%) | -99.44 | N/A | N/A | -12.24 | 12.66 | 15.98 | ||||
| Asset Turnover Ratio | 0.34 | 0.94 | 0.72 | 0.79 | 0.67 | 1.08 | ||||
| PAT to CFO Conversion(x) | N/A | N/A | N/A | N/A | N/A | -2.78 | Working Capital Days | |||
| Receivable Days | 51 | 19 | 33 | 25 | 39 | 33 | ||||
| Inventory Days | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Payable Days | 0 | 0 | 0 | 0 | 0 | 0 | ||||
One Mobikwik Systems Limited was incorporated in New Delhi under the name ‘One Mobikwik Systems Private Limited’ on March 20, 2008 as a private limited company, under the Companies Act, 1956 and was granted a certificate of incorporation by the Registrar of Companies (RoC). Thereafter, the company was converted into a public limited company, pursuant to a special resolution passed in the extraordinary general meeting of its shareholders held on June 23, 2021 and the name of the company was changed to ‘One Mobikwik Systems Limited’, and a fresh certificate of incorporation dated June 25, 2021 was issued to the company by the RoC.
The company was founded by Bipin Preet Singh and Upasana Taku, who have prior experience in building scalable technology and financial products at their previous organisations. The company’s aim is to leverage technology as the primary factor to facilitate financial inclusion for the underserved population in India. The company is a platform business at its core, that has a two-sided payments network, consisting of consumers and merchants. The usefulness of its platform for new and existing consumers increases, as it adds newer products to its digital credit, investments, and insurance verticals. As it continues to expand the portfolio of products under these verticals, it can transform the platform into an increasingly compelling offering for its consumers while simultaneously enhancing its profitability and value.
The principal activities of the company and its subsidiaries consist of issuing and operating prepaid payment instrument (Wallet Payment System) and providing payment gateway services. The users use their MobiKwik wallet for transferring money, for paying their utility bills (prepaid recharge, post-paid mobile, landline, electricity, TV, etc.) and for shopping online on e-commerce websites. The company also provides financial services platform facilitating various loans product in association with financing partners.
Its key businesses include payment services: using MobiKwik Wallet, UPI, cards, and MobiKwik ZIP, consumers make payments of utility bills, to merchants, and money transfers. Merchants can collect payments from consumers using the aforementioned modes online or through QR codes, Soundbox and EDC devices and financial services: Through MobiKwik ZIP (pay-later), ZIP EMI (personal loans) and Merchant Cash Advance (merchant loans), it distributes credit from its lending partners to consumers and merchants.
Business area of the company
The company is a platform business at its core, that has a two-sided payments network, consisting of consumers and merchants. The company’s aim is to leverage technology as the primary factor to facilitate financial inclusion for the underserved population in India.
Services of the company
Awards and accreditations
History and milestones
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