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One 97 Communications Ltd.
(PAYTM)
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Rating:58Neutral
Price Target:
₹1,505.00
▲(17.21% Upside)
Action:Reiterated
Date:05/08/26
The score is driven by a strong balance sheet and improving profitability, but is held back materially by weak cash conversion and very negative free cash flow. Technicals are supportive, while valuation is stretched (high P/E), limiting upside unless cash flows improve.
Positive Factors
Strong balance sheet
Very low leverage gives the company durable financial flexibility to fund growth, absorb shocks, and support partnerships without immediate refinancing pressure. A strong equity base reduces bankruptcy risk and enables strategic investments, M&A or cushion for cash-flow variability over months.
Negative Factors
Very weak cash generation
Deeply negative free cash flow despite reported profits signals heavy cash outflows for investments or working capital. This undermines the firm’s ability to self-fund growth, increases dependence on external financing, and raises execution risk if capital markets or partner funding tighten.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong balance sheet
Very low leverage gives the company durable financial flexibility to fund growth, absorb shocks, and support partnerships without immediate refinancing pressure. A strong equity base reduces bankruptcy risk and enables strategic investments, M&A or cushion for cash-flow variability over months.
Read all positive factors
One 97 Communications Ltd. (PAYTM) vs. iShares MSCI India ETF (INDA)
Market Cap
₹859.00B
Dividend YieldN/A
Average Volume (3M)133.84K
Price to Earnings (P/E)132.2
Beta (1Y)1.55
Revenue Growth22.56%
EPS Growth113.06%
CountryIN
Employees43,960
SectorGeneral
Sector StrengthN/A
IndustrySoftware - Infrastructure
Share Statistics
EPS (TTM)8.64
Shares Outstanding640,684,500
10 Day Avg. Volume178,675
30 Day Avg. Volume133,839
Financial Highlights & Ratios
PEG Ratio-0.60
Price to Book (P/B)3.82
Price to Sales (P/S)7.26
P/FCF Ratio-7.06
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹1,400.67Price Target Upside9.09% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)18.75
Revenue Forecast (FY)₹105.89B
One 97 Communications Ltd. Business Overview & Revenue Model
Company Description
One97 Communications Limited, founded in 2000 and headquartered in Noida, India, operates as a multifaceted digital platform. It delivers an extensive suite of payment, financial, and commerce & cloud solutions to both individual consumers and bus...
How the Company Makes Money
Paytm primarily earns revenue from a mix of payments-related services to merchants, distribution/commission income from financial products offered via partners, and other platform-based services. Key revenue streams typically include: (1) Merchant...
One 97 Communications Ltd. Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
86
Very Positive
Cash Flow
28
Negative
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 84.37B | 67.41B | 98.70B | 79.04B | 49.63B |
| Gross Profit | 24.56B | 16.17B | 29.54B | 20.25B | -7.23B |
| EBITDA | 11.68B | 438.00M | -6.30B | -12.34B | -20.98B |
| Net Income | 5.53B | -6.59B | -14.17B | -17.76B | -23.93B |
Balance Sheet | |||||
| Total Assets | 239.15B | 214.48B | 171.39B | 179.66B | 179.92B |
| Cash, Cash Equivalents and Short-Term Investments | 145.91B | 106.81B | 75.80B | 81.60B | 46.47B |
| Total Debt | 1.72B | 1.60B | 1.77B | 2.23B | 2.21B |
| Total Liabilities | 78.87B | 64.51B | 38.41B | 49.73B | 38.62B |
| Stockholders Equity | 160.26B | 150.27B | 133.27B | 130.16B | 141.52B |
Cash Flow | |||||
| Free Cash Flow | -86.71B | -4.43B | -1.71B | -2.90B | -17.43B |
| Operating Cash Flow | 90.00M | -1.21B | 6.51B | 4.16B | -12.36B |
| Investing Cash Flow | 9.52B | -20.43B | 3.18B | 26.25B | -54.89B |
| Financing Cash Flow | -350.00M | -527.00M | -221.00M | -11.12B | 80.53B |
One 97 Communications Ltd. Technical Analysis
Positive
1284.00
Price Trends
1217.44
Positive
1157.88
Positive
1203.66
Positive
Market Momentum
54.67
Negative
73.74
Negative
92.38
Negative
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 1284 is below the 20-day moving average (MA) of 1350.24, above the 50-day MA of 1217.44, and above the 200-day MA of 1203.66, indicating a bullish trend. The MACD of 54.67 indicates Negative momentum. The RSI at 73.74 is Negative, neither overbought nor oversold. The STOCH value of 92.38 is Negative, 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
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | ₹77.85B | 14.54 | ― | 2.00% | 13.21% | 12.05% | |
66 Neutral | ₹55.15B | 22.25 | ― | 0.27% | 102.88% | 23.20% | |
63 Neutral | ₹40.52B | 19.35 | ― | 0.51% | 14.76% | 4.90% | |
59 Neutral | ₹27.44B | 19.90 | ― | ― | 46.32% | 47.80% | |
58 Neutral | ₹859.00B | 132.19 | ― | ― | 22.56% | 113.06% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
IN:PAYTM
One 97 Communications Ltd.
1,441.00
318.75
28.40%
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One 97 Communications Ltd. Corporate Events
Paytm boosts employee ownership with fresh ESOP share allotment
Aug 2, 2026
One 97 Communications Limited, the Paytm-branded fintech and digital payments provider, continues to leverage equity-linked compensation as part of its effort to align employees with shareholder interests in India’s evolving digital finance ...
Paytm launches Split Bills feature to deepen its financial life app strategy
Jul 29, 2026
Paytm has introduced a new Split Bills feature on its app timed with Friendship Day, targeting friend groups, students, Gen Z and young professionals who share expenses across trips, meals, entertainment and everyday activities. The tool allows us...
Paytm Publishes Earnings Call Transcript for Q1 FY 2027 Results
Jul 27, 2026
One 97 Communications Ltd., the operator of Paytm, is a major Indian fintech player providing digital payments and financial services to consumers and merchants nationwide, with its shares traded on BSE and NSE. The company runs its corporate oper...
Paytm Board to Weigh June-Quarter Results and Bonus Share Proposal
Jul 15, 2026
One 97 Communications Limited has scheduled a board meeting on July 20, 2026 to consider and approve its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The board will also review a proposal to issue bo...
Paytm’s European Arm Secures Luxembourg Payment Institution Licence
Jul 3, 2026
One 97 Communications has secured a key regulatory milestone in Europe, with its step-down wholly owned subsidiary Paytm Europe Payments S.A. obtaining a payment institution licence from Luxembourg’s Commission de Surveillance du Secteur Fin...
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.