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One Mobikwik Systems Limited
(MOBIKWIK)
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Rating:45Neutral
Price Target:
₹216.00
▼(-4.19% Downside)
Action:Reiterated
Date:05/15/26
The score is primarily held back by weak financial quality—especially persistently negative operating/free cash flow and recent net losses—despite strong revenue growth and improved gross margin. Technicals also lean weak with the stock trading below key longer-term moving averages. Valuation is pressured by loss-making earnings and no dividend support in the provided data.
Positive Factors
Revenue scale and improving gross margin
Sustained revenue expansion to ~11.5B with a material gross margin improvement signals stronger unit economics and market traction. Over 2–6 months this underpins durable top-line capacity and creates a clearer pathway to operating leverage if operating expenses are controlled and monetization continues.
Negative Factors
Persistent negative operating and free cash flow
Consistent negative operating and free cash flow reduces internal funding for growth and forces reliance on external capital or dilutive financing. Over the next several months this raises execution risk, constrains marketing/merchant investment, and can pressure liquidity if capital markets tighten.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue scale and improving gross margin
Sustained revenue expansion to ~11.5B with a material gross margin improvement signals stronger unit economics and market traction. Over 2–6 months this underpins durable top-line capacity and creates a clearer pathway to operating leverage if operating expenses are controlled and monetization continues.
Read all positive factors
One Mobikwik Systems Limited (MOBIKWIK) vs. iShares MSCI India ETF (INDA)
Market Cap
₹17.43B
Dividend YieldN/A
Average Volume (3M)679.36K
Price to Earnings (P/E)―
Beta (1Y)2.39
Revenue Growth-3.15%
EPS Growth57.10%
CountryIN
Employees663
SectorGeneral
Sector StrengthN/A
IndustryFinancial - Credit Services
Share Statistics
EPS (TTM)-7.98
Shares Outstanding78,746,920
10 Day Avg. Volume198,043
30 Day Avg. Volume679,355
Financial Highlights & Ratios
PEG Ratio0.32
Price to Book (P/B)2.25
Price to Sales (P/S)1.05
P/FCF Ratio-21.69
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)5.3
Revenue Forecast (FY)₹15.60B
One Mobikwik Systems Limited Business Overview & Revenue Model
Company Description
One Mobikwik Systems Limited operates primarily as a mobile financial technology enterprise. Its business is structured across three distinct divisions: Buy Now Pay Later (BNPL), Consumer Payments, and Payment Gateway. The BNPL segment offers acce...
How the Company Makes Money
MobiKwik primarily makes money by monetizing payment flows and by distributing financial products to its user and merchant base. Key revenue streams typically include: (1) Payments-related revenue: fees and commissions linked to facilitating trans...
One Mobikwik Systems Limited Financial Statement Overview
Summary
Income Statement
48
Neutral
Balance Sheet
62
Positive
Cash Flow
34
Negative
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 11.54B | 11.70B | 8.75B | 5.39B | 5.27B |
| Gross Profit | 5.56B | 4.62B | 7.68B | 2.96B | 2.20B |
| EBITDA | -207.88M | -805.50M | 659.10M | -568.40M | -1.17B |
| Net Income | -621.01M | -1.22B | 140.79M | -838.14M | -1.28B |
Balance Sheet | |||||
| Total Assets | 14.09B | 13.60B | 8.55B | 7.14B | 8.36B |
| Cash, Cash Equivalents and Short-Term Investments | 8.93B | 11.00B | 2.01B | 996.70M | 1.64B |
| Total Debt | 2.76B | 2.92B | 2.23B | 2.06B | 1.58B |
| Total Liabilities | 8.70B | 7.72B | 6.92B | 5.72B | 6.20B |
| Stockholders Equity | 5.39B | 5.89B | 1.63B | 1.43B | 2.17B |
Cash Flow | |||||
| Free Cash Flow | -559.95M | -771.87M | -276.99M | 255.62M | -3.24B |
| Operating Cash Flow | -455.01M | -681.63M | -220.66M | 270.13M | -3.21B |
| Investing Cash Flow | 483.42M | -3.13B | 270.63M | -6.78M | -847.72M |
| Financing Cash Flow | 231.09M | 5.15B | 34.85M | 179.68M | 3.29B |
One Mobikwik Systems Limited Technical Analysis
Positive
225.45
Price Trends
200.31
Positive
196.47
Positive
221.25
Positive
Market Momentum
2.63
Negative
70.84
Negative
39.19
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:MOBIKWIK, the sentiment is Positive. The current price of 225.45 is above the 20-day moving average (MA) of 200.70, above the 50-day MA of 200.31, and above the 200-day MA of 221.25, indicating a bullish trend. The MACD of 2.63 indicates Negative momentum. The RSI at 70.84 is Negative, neither overbought nor oversold. The STOCH value of 39.19 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:MOBIKWIK.
One Mobikwik Systems Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | ₹66.35B | 27.95 | ― | 0.29% | 22.32% | 17.78% | |
60 Neutral | ₹6.35T | 33.35 | ― | 0.56% | 18.36% | 13.78% | |
58 Neutral | ₹235.01B | 14.15 | ― | ― | 34.64% | 316.68% | |
57 Neutral | ₹419.78B | 70.46 | ― | ― | 62.58% | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
50 Neutral | ₹582.06B | 26.87 | ― | 0.29% | 11.14% | 13.02% | |
45 Neutral | ₹17.43B | -27.75 | ― | ― | -3.15% | 57.10% |
* General Sector Average
IN:MOBIKWIK
One Mobikwik Systems Limited
221.35
-37.80
-14.59%
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One Mobikwik Systems Limited Corporate Events
MobiKwik Initiates Fully Digital Postal Ballot for Shareholder Resolutions
Jun 2, 2026
One MobiKwik Systems Limited has launched a postal ballot process to seek shareholder approval on certain resolutions, in line with regulatory requirements under the Companies Act and SEBI’s listing regulations. The company is conducting the...
Mobikwik Reshapes Structure, Adds Payment Aggregation and Shifts Lending Arm
May 22, 2026
One MobiKwik Systems Limited’s board has approved amending its Memorandum of Association to add payment aggregation at physical points of sale, a move aimed at securing Reserve Bank of India authorisation under the regulator’s payment ...
Mobikwik to Amend Objects, Restructure Lending Arm and Recast IPO Fund Use
May 22, 2026
One Mobikwik Systems Limited said its board has approved amending the company’s Memorandum of Association to add operating as a payment aggregator at physical points of sale, aligning its corporate objects with Reserve Bank of India requirem...
Mobikwik Shares FY26 Results Through Investor Presentation and Earnings Call
May 12, 2026
One Mobikwik Systems Limited has released an investor presentation detailing its financial results for the quarter and full year ended March 31, 2026, which will be discussed in an earnings call with analysts and investors. The company has also ma...
Mobikwik Updates Fair Disclosure Code to Align With SEBI Insider Trading Rules
May 12, 2026
One Mobikwik Systems Limited has informed Indian stock exchanges that its board of directors has approved amendments to the company’s Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information. The revise...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.