MarketFriction

One 97 Communications Ltd

NSE PAYTM · BSE 543396 · Financial Technology (Fintech)
₹1,656.00 -1.31%
NSE close2026-10-01
52 week range930.60 - 1,855.50
Market cap₹1,07,983 Cr.
P/E133
IPO 2021 · -23% since Nifty 200Nifty 500Nifty Midcap 50Nifty Midcap 100Midcap 150Nifty Midcap Select No price band Delivery 42.2%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales2,5192,8502,2671,5021,6591,8281,9121,9182,0612,1942,2642,448
Expenses2,7503,0142,7342,2952,0632,0512,0001,8461,9212,0392,1322,245
Operating Profit-231-163-467-794-404-223-8872140155132203
OPM %-9%-6%-21%-53%-24%-12%-4.6%3.8%7%7%6%8%
Other Income1391491321381,524189-29922432212199182
Interest755434545457
Depreciation180201196178179165150166137133132131
Profit before tax-279-221-536-839938-203-54212630230194247
Tax %5%0%3%0%1%2%1%2%30%2%6%11%
Net Profit-292-222-550-840930-208-54512321225183220
EPS in Rs-4.58-3.46-8.65-13.1914.58-3.26-8.471.930.333.522.873.44
Mar 2015Mar 2016Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales3238553,2243,2792,8014,9747,9909,9786,9008,4378,967
Expenses6832,5237,5925,9644,6407,3589,63410,9218,4067,9368,337
Operating Profit-360-1,668-4,368-2,685-1,838-2,384-1,644-943-1,506501630
OPM %-111%-195%-135%-82%-66%-48%-21%-9%-22%6%7%
Other Income16164280-453562884103141,551668625
Interest21385438422426171921
Depreciation2128112174178247485736673568533
Profit before tax-367-1,534-4,237-2,958-1,698-2,385-1,743-1,390-645582701
Tax %1%0%-0%-1%0%0%2%2%3%5%
Net Profit-372-1,535-4,231-2,942-1,701-2,396-1,776-1,422-663552649
EPS in Rs-123.02-331.99-726.78-470.27-280.42-36.90-28.02-22.30-10.338.6410.16
Dividend Payout %0%0%0%0%0%0%0%0%0%0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth26%25%2%23%
Compounded Profit Growth9%19%34%263%
Stock Price CAGR%%25%50%
Return on Equity%-9%-5%5%
Mar 2015Mar 2016Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital30465860606563646464
Reserves3542,7515,6678,0456,47414,08712,95213,26314,96315,962
Borrowings015932428612222223177160172
Other Liabilities3166372,1071,7692,0043,6184,7275,1906,2617,717
Total Liabilities7013,4508,76410,3029,15117,99117,96618,69321,44823,915
Fixed Assets47818415944919141,2091,247890906
CWIP11595615241211141511
Investments1122,3082,8493,7404131,2302,6974,6284,1724,501
Other Assets5301,0025,0185,9548,22315,83614,04812,80416,37118,497
Total Assets7013,4508,76410,3029,15117,99117,96618,69321,44823,915
Mar 2015Mar 2016Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity-334-1,405-4,476-2,377-2,082-1,236416651-121-743
Cash from Investing Activity-20-2,2291,906-1,9971,934-5,4842,628338-2,0312,006
Cash from Financing Activity4593,9382,1105,160-2228,054-1,112-22-53-50
Net Cash Flow104304-460786-3711,3341,931967-2,2051,213
Free Cash Flow-372-1,515-4,651-2,563-2,270-1,741-281-161-438-1,211
CFO/OP93%87%98%88%123%46%-36%-81%9%-142%
Mar 2015Mar 2016Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days100532934615557606951
Inventory Days
Days Payable
Cash Conversion Cycle100532934615557606951
Working Capital Days12-8319511628916261-18-119-123
ROCE %-101%-34%-21%-22%-12%-8%-10%5%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
FIIs60.92%63.72%60.41%58.25%55.53%56.20%55.39%54.87%51.71%51.75%49.40%48.09%
DIIs4.05%6.07%6.85%7.04%8.29%11.88%14.02%15.84%19.95%20.32%23.08%24.87%
Public35.02%30.22%32.75%34.73%36.17%31.93%30.60%29.29%28.35%27.91%27.51%27.04%
No. of Shareholders10,12,89211,28,92912,31,21911,66,85410,49,9769,89,7529,67,9559,15,3648,68,5968,41,5568,20,4087,76,661

Fundamentals

Market Cap₹ 1,07,983 Cr.
Current Price₹ 1,683
Stock P/E133
Book Value₹ 250
ROCE4.96 %
ROE4.64 %
Dividend Yield0.00 %
Face Value₹ 1.00
Compounded Sales Growth (TTM)23%
Compounded Profit Growth (TTM)263%
Consolidated figures.
Valuation
Market capRs 105,992 Cr
Enterprise valueRs 93,139 Cr
P/E (TTM)163.06x
Price to book6.61x
Price to sales11.82x
EV / EBITDA74.21x
EV / EBIT129.00x
EV / sales10.39x
Earnings yield0.61%
P/E, 3-year average111.00x
P/B, 3-year average3.03x
P/E, 5-year average111.00x
P/B, 5-year average2.92x
Profitability
Operating margin (excl. other income)5.94%
Operating margin (incl. other income)13.86%
EBITDA margin14.00%
Pre-tax margin7.82%
Net profit margin7.25%
Net margin, latest quarter8.99%
ROE3.56%
ROCE3.83%
ROA2.44%
ROE, 3-year average-3.95%
ROCE, 3-year average-3.58%
ROA, 3-year average-2.86%
ROE, 5-year average-9.61%
ROCE, 5-year average-9.00%
ROA, 5-year average-7.22%
ROIC (approx.)21.58%
Tax rate5.15%
Other income / net worth4.17%
Growth
Sales growth (latest year)22.28%
Sales CAGR, 3 years1.83%
Sales CAGR, 5 years24.67%
Sales growth QoQ8.13%
Profit growth QoQ19.57%
Sales growth YoY (latest quarter)27.63%
Profit growth YoY (latest quarter)78.86%
Per share
EPS (TTM)Rs 10.16
EPS (latest year)Rs 8.64
EPS (latest quarter)Rs 3.44
EPS, 3-year averageRs -7.99
EPS, 5-year averageRs -17.78
Book value per shareRs 250.39
Sales per shareRs 140.10
Cash flow per shareRs -11.61
Free cash flow per shareRs -18.92
Efficiency
Asset turnover0.35x
Fixed asset turnover9.31x
Debtor days51 days
Debtors turnover7.11x
Cash conversion cycle51 days
Working capital days-123 days
Leverage
Total debtRs 172 Cr
Cash and bankRs 13,025 Cr
Net debtRs -12,853 Cr
Debt to equity0.01x
Net debt / EBITDA-10.24x
Interest coverage34.38x
Current ratio (filing 2026-03-31)2.55x
Quick ratio (filing 2026-03-31)2.55x
Trade payables (filing 2026-03-31)Rs 889 Cr
Owners' fund to total sources67.01%
Debt to assets0.72%
Cash flow
Cash from Operating Activity (latest year)Rs -743 Cr
Cash from Investing Activity (latest year)Rs 2,006 Cr
Cash from Financing Activity (latest year)Rs -50 Cr
Net Cash Flow (latest year)Rs 1,213 Cr
Free cash flow (latest year)Rs -1,211 Cr
FCFE (approx.: FCF + change in debt)Rs -1,199 Cr
Statement figures
Net sales (TTM)Rs 8,967 Cr
Net sales (latest year)Rs 8,437 Cr
Sales (latest quarter)Rs 2,448 Cr
Operating profit excl. other income (latest year)Rs 501 Cr
Operating profit (latest quarter)Rs 203 Cr
Other income (TTM)Rs 625 Cr
EBITDA (TTM)Rs 1,255 Cr
PBDT (TTM)Rs 1,234 Cr
Profit before tax (TTM)Rs 701 Cr
Tax (latest year)Rs 30 Cr
Net profit (TTM)Rs 650 Cr
Net profit (latest year)Rs 553 Cr
Net profit (latest quarter)Rs 220 Cr
Depreciation (TTM)Rs 533 Cr
Depreciation (latest quarter)Rs 131 Cr
Interest (TTM)Rs 21 Cr
Cost of goods sold (latest year)Rs 3,358 Cr
Total expenditure (latest year)Rs 7,936 Cr
Total income (latest year)Rs 9,105 Cr
Share capitalRs 64 Cr
ReservesRs 15,962 Cr
Shareholders' fundsRs 16,026 Cr
Total assetsRs 23,915 Cr
Net blockRs 906 Cr
Capital work in progressRs 11 Cr
InvestmentsRs 4,501 Cr
ReceivablesRs 1,186 Cr
Other liabilitiesRs 7,717 Cr
Shares outstanding (crore)64.00
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/B 6.61 is at the 88th percentile (median 4.15).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodPAYTMNifty 50Difference
1 week-4.6%-2.8% -1.8 pts
1 month+1.4%-6.8% +8.2 pts
3 months+35.6%-7.6% +43.2 pts
6 months+72.7%+0.4% +72.3 pts
1 year+45.1%-9.9% +55.0 pts
2 years+154.2%-13.6% +167.7 pts
3 years+93.1%+14.2% +78.9 pts
316 mutual fund schemes hold about ₹25,494 Cr. Over three months 214 bought more and 60 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
Motilal Oswal Midcap Fund9.07%3,886 -9%
Motilal Oswal Large & Midcap Fund6.15%1,239 +20%
Motilal Oswal Large & Midcap Fund6.15%1,134 +20%
Nippon India Growth Mid Cap Fund2.00%1,047 -4%
Mirae Asset Large Cap Fund1.89%732 +3%
Bandhan Large & Mid Cap Fund3.36%706 -11%
Mirae Asset Large & Midcap Fund1.32%604 +13%
Mirae Asset Midcap Fund2.54%532 +4%
SBI Contra Fund0.99%472 +100%
Axis Midcap Fund1.17%401 +100%
Axis ELSS-Tax Saver Fund1.15%375 +100%
Mirae Asset Focused Fund5.54%374 -10%
SBI Banking & Financial Services Fund3.40%369 +100%
Mirae Asset Focused Fund5.54%368 -10%
Bandhan Small Cap Fund1.00%343 -33%
Kotak Equity Savings Fund(M3.16%337 +6%
Helios Flexi Cap Fund3.79%331 +13%
Canara Rob Large and Mid Cap Fund1.16%305 -10%
SBI ELSS Tax Saver Fund0.81%258 +100%
HSBC Midcap Fund1.47%252 +100%
Kotak Arbitrage Fund(M0.33%249 -73%
Axis Flexi Cap Fund1.77%246 +100%
Motilal Oswal ELSS Tax Saver Fund4.68%240 -1%
Axis Flexi Cap Fund1.77%238 +100%
SBI Midcap Fund0.96%236 +100%

Red flags

F-score 6 of 8
lookProfit leans on other income Other income was 115% of pre-tax profit in 2026
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹2,448 Cr +27.6% vs Jun 2025. Net profit ₹220 Cr +78.9%.

Activity

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No bulk or block deals on record.
No corporate actions on record.
DateTypeWhat it says
2026-09-25AcquisitionDisclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
2026-09-16Shareholder meetingOne 97 Communications Limited has submitted the Exchange about the Disclosure under Regulation 44 of the SEBI (Listing Obligations and Disclosure Requ...
2026-09-15Effect(s) on listed entity dDisclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ( SEBI Listing Regulations ) - Introduc...
2026-09-15Shareholder meetingProceedings of the 26th Annual General Meeting of the Company
2026-09-09Rumour Verification - RegulaClarification regarding media report dated September 9, 2026
2026-09-01ESOPDisclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Allotment of 4,74,714 equity shares p...
2026-08-22UpdatesDisclosure under Regulation 30 and 36(1)(b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015- Dispatch of letter to sha...
2026-08-21UpdatesDisclosure under Regulation 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Business Responsibility and Sustainab...
2026-08-21Shareholder meetingNotice of 26th Annual General Meeting scheduled to be held on Tuesday, September 15, 2026 along with Annual Report for the financial year 2025-26
2026-08-18UpdatesIntimation regarding 26th Annual General Meeting of Members of the Company for the financial year 2025- 26.
2026-08-17General UpdatesDisclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015: Resilient proposes Block Market Trade in P...
2026-08-12LitigationDisclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ( SEBI Listing Regulations ) SEBI proceed...
2026-08-02ESOPDisclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015- Allotment of 4,48,629 equity shares pu...
2026-07-29Concall / analyst meetDisclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Schedule of Analysts and Investors ...
2026-07-29Press ReleaseDisclosure under regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015-Press Release titled as " Paytm Launches Sp...
2026-07-27Concall / analyst meetTranscript of the earnings conference call conducted on July 21, 2026
2026-07-21Concall / analyst meetDisclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Audio/Video recording of the Earnings...
2026-07-20Monitoring Agency ReportMonitoring Agency Report for the quarter ended June 30, 2026
2026-07-20AcquisitionAdditional investment by the Company by way of subscription to the equity shares of its wholly owned subsidiary, namely Paytm Money Limited.
2026-07-20AppointmentAppointment of Mr. Amitabh Kumar Singhal (DIN: 07630166) as Non- Executive Non- Independent Director of the Company w.e.f. July 20, 2026.
2026-07-20BonusThe Board of Directors at its meeting held on July 20, 2026, ⁠after evaluating the proposal from the perspective of long-term shareholder value...
2026-07-20General UpdatesThe Earnings Release for the quarter ended June 30, 2026.
2026-07-20Board meeting outcomeOne 97 Communications Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-07-20ESOPDisclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015- Grant of 15,42,117 Stock Options under...
2026-07-15Concall / analyst meetThe earnings conference call for investors and analyst to be held on Tuesday, July 21, 2026 to discuss the financial results of the Company for the qu...
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
Put / call open interest0.63
Max pain (expiry 2026-10-27)1,700
Largest call open interest at1,800
Largest put open interest at1,600
Implied volatility, at the money36.0%
Underlying at snapshot1,656.00
Open interest by strike around the price, nearest expiry. End-of-day NSE snapshot, 01-Oct-2026 15:40:00. Max pain is the strike where option buyers together would lose the most at expiry.
Trade dateShares sold short
2026-09-299,426
2026-09-2817
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Scrip PE is greater than 50 (4 trailing quarters)

Quick answers

What is the market cap of One 97 Communications Ltd?

One 97 Communications Ltd (PAYTM) has a market capitalisation of Rs 1,07,983 Cr. at the 2026-10-01 close.

What is the P/E ratio of One 97 Communications Ltd?

One 97 Communications Ltd trades at a P/E of 133 on trailing twelve-month profit, at the 2026-10-01 close.

What were One 97 Communications Ltd's latest quarterly results?

In the Jun 2026 quarter, One 97 Communications Ltd sales was Rs 2,448 Cr (+27.6% vs Jun 2025) and net profit was Rs 220 Cr.

What is the 52-week high and low of One 97 Communications Ltd?

The 52-week high is Rs 1,855.50 and the 52-week low is Rs 930.60.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03