One 97 Communications Ltd. (PAYTM) AI Stock Analysis

• Market Cap: ₹821.48B
• Dividend Yield: N/A
• Average Volume (3M): 133.84K
• Price to Earnings (P/E): 269.5
• Beta (1Y): 0.56
• Revenue Growth: -19.93%
• EPS Growth: N/A
• Country: IN
• Employees: 43,960
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Infrastructure
• EPS (TTM): 1.90
• Shares Outstanding: 639,107,700
• 10 Day Avg. Volume: 178,675
• 30 Day Avg. Volume: 133,839
• PEG Ratio: 1.44
• Price to Book (P/B): 3.39
• Price to Sales (P/S): 7.56
• P/FCF Ratio: -115.04
• 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: ₹1,231.33
• Price Target Upside: -5.98% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 3

• Rating: 54 Neutral
• Price Target: ₹1,128.00 ▼(-13.87% Downside)

The overall stock score is primarily influenced by the company's strong technical indicators, suggesting bullish momentum. However, this is offset by significant challenges in financial performance, particularly profitability and cash flow management, and a high P/E ratio indicating overvaluation. The absence of earnings call data and corporate events limits additional insights.

One 97 Communications Ltd. Business Overview & Revenue Model

Company Description

One 97 Communications Ltd., commonly known as Paytm, is a leading digital payments and financial services company based in India. Founded in 2010, it operates in various sectors including mobile payments, banking, e-commerce, and financial services. Paytm's core products include a mobile wallet, Paytm Payments Bank, online bill payments, and a marketplace for goods and services, catering to millions of users across the country.

How the Company Makes Money

Paytm generates revenue through multiple streams, primarily from transaction fees charged on digital payments made via its platform, which includes both consumer and merchant transactions. Additional revenue comes from value-added services such as insurance, financial products, and lending services provided through its Payments Bank. Advertising and promotional services on its marketplace also contribute to earnings, alongside partnerships with various brands and merchants for couponing and marketing initiatives. Furthermore, Paytm has been expanding its revenue base by integrating financial services, allowing it to earn from loan interest and fees associated with its financial products.

One 97 Communications Ltd. Financial Statement Overview

Summary

The company faces significant challenges with profitability and cash flow management, evidenced by ongoing losses and negative cash flow. Despite this, it maintains a strong balance sheet with low leverage and substantial equity. There are signs of potential improvement in profitability, but achieving consistent revenue growth and cash flow stability remains crucial for future success.

Income Statement

The company has shown volatility in its revenue growth with a 39% decline from 2024 to 2025. Gross profit margin improved slightly in 2025, but the net profit margin remains negative, indicating ongoing losses. EBIT and EBITDA margins also reflect negative profitability, though there is a narrowing of losses which suggests potential improvement.

Balance Sheet

The balance sheet shows a strong equity position with a high equity ratio of 70% in 2025. The debt-to-equity ratio is low, indicating conservative leverage levels. However, fluctuations in total assets and liabilities pose potential risks. The company maintains a substantial cash reserve, enhancing financial stability.

Cash Flow

Cash flow analysis reveals challenges with negative free cash flow and operating cash flow in 2025, indicating cash management issues. The operating cash flow to net income ratio is unfavorable due to persistent losses. However, the company had a better cash flow position in prior periods, suggesting potential for recovery.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	73.16B	69.00B	99.78B	79.90B	49.74B	28.02B
Gross Profit	20.56B	13.94B	20.13B	11.74B	-2.46B	-3.19B
EBITDA	-2.82B	-12.34B	-8.55B	-16.83B	-23.67B	-17.95B
Net Income	3.03B	-6.59B	-14.17B	-17.76B	-23.93B	-16.96B
Balance Sheet
Total Assets	0.00	214.48B	171.39B	179.66B	179.92B	91.51B
Cash, Cash Equivalents and Short-Term Investments	131.48B	106.81B	75.80B	81.60B	46.47B	30.24B
Total Debt	0.00	1.60B	1.77B	2.23B	2.21B	6.12B
Total Liabilities	-149.97B	64.51B	38.41B	49.73B	38.62B	26.35B
Stockholders Equity	149.97B	150.27B	133.27B	130.16B	141.52B	65.35B
Cash Flow
Free Cash Flow	0.00	-4.43B	-1.71B	-2.90B	-17.43B	-22.75B
Operating Cash Flow	0.00	-1.21B	6.51B	4.16B	-12.36B	-20.82B
Investing Cash Flow	0.00	-20.43B	3.18B	26.25B	-54.89B	19.30B
Financing Cash Flow	0.00	-527.00M	-221.00M	-11.12B	80.53B	-2.22B

One 97 Communications Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1309.70
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:PAYTM, the sentiment is Positive. The current price of 1309.7 is above the 20-day moving average (MA) of 1242.90, above the 50-day MA of 1229.12, and above the 200-day MA of 958.54, indicating a bullish trend. The MACD of 30.34 indicates Negative momentum. The RSI at 65.88 is Neutral, neither overbought nor oversold. The STOCH value of 77.49 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:PAYTM.

One 97 Communications Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
OFSS	―	₹763.50B	32.14	―	3.05%	2.78%	-5.10%
ANGELONE	―	₹228.08B	29.06	―	1.89%	-12.65%	-42.72%
TATATECH	―	₹278.14B	40.11	―	1.20%	0.29%	7.17%
ROUTE	―	₹45.55B	15.69	―	1.51%	8.74%	-19.10%
Sector *	―	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
PAYTM	―	₹821.48B	269.47	―	―	-19.93%	―
ITI	―	₹323.19B	―	―	―	120.98%	66.43%

One 97 Communications Ltd. Corporate Events

One 97 Communications Grants Over 246,000 Stock Options to Employees

One 97 Communications Limited has announced the approval of granting 246,261 stock options to eligible employees under its Employees Stock Option Scheme 2019. This move, approved by the Nomination and Remuneration Committee, reflects the company’s commitment to rewarding its workforce and aligning employee incentives with company performance. The announcement also noted the lapse of 969,511 stock options and the cancellation of 4,557 options, indicating a strategic management of its stock option plans. This development could potentially enhance employee retention and motivation, thereby impacting the company’s operational efficiency and market positioning.

Paytm Introduces Postpaid Credit Line on UPI with Suryodaya Bank

Paytm has launched ‘Paytm Postpaid’, a credit line on UPI, in partnership with Suryodaya Small Finance Bank. This service offers consumers the convenience of ‘Spend Now, Pay Next Month’, providing up to 30 days of interest-free credit for payments made across merchant UPI QR codes or online platforms. This innovation aims to enhance liquidity management for consumers and offers merchants assured instant settlement. Initially available to a selected user base, the service will expand further, reflecting Paytm’s commitment to secure and innovative payment solutions.

One 97 Communications Ltd. Announces Key Resolutions from 25th AGM

One 97 Communications Ltd. held its 25th Annual General Meeting (AGM) on August 29, 2025, where several key resolutions were passed. The AGM saw unanimous approval for the adoption of the company’s financial statements and the decision not to fill the vacancy left by Mr. Madhur Deora, who will continue as President and CFO. Additionally, resolutions regarding the remuneration of key executives and the appointment of a new director were also approved, reflecting strong shareholder support for the company’s strategic decisions.

One 97 Communications Ltd. Announces Board Changes and Leadership Appointments

One 97 Communications Ltd. announced the cessation of Mr. Madhur Deora as Director and Executive Director, effective August 29, 2025, following the resolutions passed at the 25th Annual General Meeting. Despite stepping down from the board, Mr. Deora will continue his role as President and Group Chief Financial Officer. The AGM also approved several other resolutions, including the appointment of Ms. Urvashi Sahai as Executive Director and General Counsel, and the approval of remuneration for key executives, reflecting the company’s strategic focus on strengthening its leadership team.

One 97 Communications Ltd. Announces Virtual AGM for 2025

One 97 Communications Ltd. has announced the convening of its 25th Annual General Meeting (AGM) on August 29, 2025, which will be held virtually through video conferencing. The company has published newspaper advertisements in compliance with regulatory requirements to inform its members about the AGM, where they will be able to participate and vote on resolutions electronically. This move aligns with the company’s commitment to adhering to regulatory standards and ensuring shareholder engagement through digital means.