Added to YB: 2026-05-19
Pitch date: 2026-05-15
PAYTM.NS [neutral]
One97 Communications Limited
Author Info
Zen Nivesh analyses India’s equity markets to help you discover high-conviction, research-backed stock ideas—long before they hit the mainstream. Our edge lies in identifying fundamentally strong, underfollowed companies with serious upside potential. Sign up for the newsletter.
Company Info
One97 Communications Limited provides payment, commerce and cloud, and financial services to consumers and merchants in India, the United Arab Emirates, Saudi Arabia, and Singapore.
Market Cap
INR 724.0B
Pitch Price
N/A
Price Target
N/A
Dividend
N/A
EV/EBITDA
115.97
P/E
132.30
EV/Sales
6.87
Sector
Financial Services
Category
turnaround
Paytm: A Deep Dive!
PAYTM.NS (deep dive): Pivoted from telecom VAS→recharge→wallet→merchant QR network after PPBL regulatory shutdown. Now profitable merchant distribution platform: FY26 rev ₹8,437cr, EBITDA ₹502cr, PAT ₹552cr vs ₹1,506cr EBITDA loss prior year. 1.51cr subscription merchants, ₹6.5L cr GMV, 4bps+ payment margin. Key risk: distribution≠trust in financial services vs PhonePe/Google Pay monetization playbook.
Read full article (18 min)