One Mobikwik Systems Limited (MOBIKWIK) AI Stock Analysis

• Market Cap: ₹18.14B
• Dividend Yield: N/A
• Average Volume (3M): 679.36K
• Price to Earnings (P/E): ―
• Beta (1Y): 2.99
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: IN
• Employees: N/A
• Sector: Services
• Sector Strength: N/A
• Industry: Financial - Credit Services
• EPS (TTM): -2.20
• Shares Outstanding: 78,658,455
• 10 Day Avg. Volume: 198,043
• 30 Day Avg. Volume: 679,355
• PEG Ratio: 0.02
• Price to Book (P/B): 3.10
• Price to Sales (P/S): 1.56
• P/FCF Ratio: -23.64
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 47 Neutral
• Price Target: ₹235.00 ▲(4.24% Upside)

The overall stock score is primarily impacted by weak financial performance due to profitability and cash flow issues, compounded by bearish technical indicators. The negative P/E ratio and lack of dividend yield further weigh down the valuation score.

Positive Factors

Revenue Growth

Consistent revenue growth indicates successful market penetration and product adoption, enhancing long-term business prospects.

Gross Profit Margin

A strong gross profit margin reflects efficient operations, allowing the company to reinvest in growth and innovation.

Balance Sheet Improvement

Improved equity and financial stability provide a stronger foundation for future growth and resilience against economic fluctuations.

Negative Factors

High Debt Levels

Elevated debt levels can constrain financial flexibility, increasing risk and potentially impacting long-term sustainability.

Negative Cash Flow

Negative cash flow from operations suggests liquidity challenges, which may hinder the company's ability to fund operations and growth.

Profitability Struggles

Ongoing profitability issues can limit reinvestment opportunities and affect long-term financial health and investor confidence.

One Mobikwik Systems Limited Business Overview & Revenue Model

Company Description

One Mobikwik Systems Ltd. operates as a mobile wallet company. It operates through the following segments: Buy Now Pay Later (BNPL), Consumer Payments, and Payment Gateway. The BNPL segment provides accessible and affordable small-ticket credit to middle class for daily life payments as well as discretionary spend. The Consumer Payments offers mobile payment app MobiKwik Wallet. It acquires large set of users and create a large acceptance network. The Payment Gateway offers Zaakpay, a payment gateway aggregator and provides end-to-end payment processing solutions to online merchants through an extensive choice of payment modes including credit and debit cards, UPI, net banking, mobile wallets and BNPL credit. The company was founded by Bipin Preet Singh and Upasana Rupkrishan Taku in 2009 and is headquartered in Gurugram, India.

How the Company Makes Money

MOBIKWIK's revenue model is predominantly based on transaction fees charged to merchants for processing payments through its platform, as well as fees for value-added services like mobile recharges and bill payments. Additionally, the company generates income through interest earned on loans provided to users via its credit offerings, including the 'MobiKwik Zip' service. Partnerships with various merchants and financial institutions enhance their product offerings and broaden their user base, contributing significantly to their revenue. Moreover, advertising and promotional services within the app also provide an additional revenue stream, as businesses pay to promote their products and services to MOBIKWIK's extensive user network.

One Mobikwik Systems Limited Financial Statement Overview

Summary

One Mobikwik Systems Limited shows strong revenue growth and a solid gross profit margin, but struggles with profitability and cash flow sustainability. The balance sheet indicates improved equity and stability, yet high debt levels remain a concern.

Income Statement

One Mobikwik Systems Limited has shown strong revenue growth, with a significant increase from 2024 to 2025. Gross profit margin remains high, indicating effective cost management. However, the company is struggling with profitability as evidenced by negative EBIT and net income in the most recent year.

Balance Sheet

The debt-to-equity ratio has improved due to increased equity, suggesting better financial stability. However, the high level of debt remains a concern. The equity ratio has also improved, indicating a stronger financial position but still warrants attention to liabilities.

Cash Flow

Cash flow from operations is negative, highlighting potential liquidity issues. The company is investing heavily, as seen in the negative free cash flow, but this is not yet translating into positive net income. The cash flow situation needs close monitoring.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	10.99B	11.70B	8.75B	5.39B	5.27B	2.89B
Gross Profit	4.17B	4.62B	7.68B	2.96B	2.20B	896.71M
EBITDA	-938.37M	-805.50M	659.10M	-568.40M	-1.17B	-1.02B
Net Income	-1.57B	-1.22B	140.79M	-838.14M	-1.28B	-1.11B
Balance Sheet
Total Assets	0.00	13.60B	8.55B	7.14B	8.36B	4.23B
Cash, Cash Equivalents and Short-Term Investments	9.69B	11.00B	2.01B	996.70M	1.64B	834.19M
Total Debt	0.00	2.92B	2.23B	2.06B	1.58B	605.93M
Total Liabilities	-5.89B	7.72B	6.92B	5.72B	6.20B	4.43B
Stockholders Equity	5.89B	5.89B	1.63B	1.43B	2.17B	-200.13M
Cash Flow
Free Cash Flow	-109.53M	-771.87M	-276.99M	255.62M	-3.24B	-351.15M
Operating Cash Flow	-92.66M	-681.63M	-220.66M	270.13M	-3.21B	-345.06M
Investing Cash Flow	-208.78M	-3.13B	270.63M	-6.78M	-847.72M	104.92M
Financing Cash Flow	155.81M	5.15B	34.85M	179.68M	3.29B	725.72M

One Mobikwik Systems Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 225.45
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:MOBIKWIK, the sentiment is Negative. The current price of 225.45 is below the 20-day moving average (MA) of 231.76, below the 50-day MA of 238.19, and below the 200-day MA of 257.88, indicating a bearish trend. The MACD of -2.02 indicates Negative momentum. The RSI at 45.41 is Neutral, neither overbought nor oversold. The STOCH value of 51.97 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:MOBIKWIK.

One Mobikwik Systems Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SATIN	63 Neutral	₹16.65B	12.39	―	―	11.09%	-66.54%
SATINDLTD	61 Neutral	₹9.01B	18.29	―	0.35%	26.49%	7.30%
HATHWAY	60 Neutral	₹21.28B	20.13	―	―	3.88%	-3.40%
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%
VAKRANGEE	54 Neutral	₹8.06B	82.39	―	0.62%	17.25%	51.76%
FINOPB	52 Neutral	₹20.09B	25.04	―	―	8.69%	-14.14%
MOBIKWIK	47 Neutral	₹18.14B	-8.97	―	―	―	―

One Mobikwik Systems Limited Corporate Events

MobiKwik Ranks Among Top 3 Fastest-Growing UPI Apps in India

MobiKwik has emerged as one of India’s top three fastest-growing UPI apps in Q2FY26, achieving a threefold year-on-year growth in UPI transactions by October 2025. The company’s innovative ‘Pocket UPI’ feature, which allows users to make payments directly from their MobiKwik Wallet without linking a bank account, has been a significant growth driver. This development reflects MobiKwik’s strategic focus on enhancing user engagement and transaction success rates, positioning it strongly in the competitive digital payments landscape.

Mobikwik to Engage with Analysts and Investors at India Xchange 2025

One Mobikwik Systems Limited has announced its participation in the JM Financial – India Xchange 2025, scheduled from November 19 to 21 in Mumbai. The event will include one-to-one and group meetings with analysts and investors, focusing on publicly available information to discuss the company’s operations and market strategies, potentially impacting its industry positioning and stakeholder engagement.

Mobikwik to Engage with Investors at Anand Rathi Conference

One Mobikwik Systems Limited announced its participation in the Anand Rathi Annual Flagship Conference, scheduled from November 12 to 14, 2025, at Taj Santacruz, Mumbai. The event will include one-to-one and group meetings with analysts and institutional investors, focusing on publicly available information. This engagement reflects Mobikwik’s ongoing efforts to strengthen its market presence and investor relations, although no unpublished price-sensitive information will be shared.

Leadership Change at One Mobikwik Systems Limited

One Mobikwik Systems Limited has announced the resignation of its Chief Operating Officer for Operations (Payments), Mr. Mohit Narain, effective October 24, 2025, due to health reasons. This leadership change may impact the company’s operational strategies and could influence its market positioning in the competitive digital payments sector.