Unlisted Shares

Flat Revenue Growth:- Company showed a flat Year-on-Year (Y-o-Y) revenue growth in FY23 recording a revenue growth of just 3.0%.  

Improvement in the Margins of the Company:- The operating loss of the company reduced in FY23 from Rs 111 Cr in FY22 to Rs 60 Cr in FY23 and hence improving the operating profit margins of the company from -21.2% in FY22 to -11.2% in FY23   

Reduction in the Net Loss of the Company:- The net loss of the company declined in FY23 from Rs 128 Cr in FY22 to Rs 83 Cr in FY23

Positive Operating Cash Flow:- The Operating Cash Flow of the company turned positive in FY23 for the first time. The operating cash flow of the company improved from Rs -321 Cr in FY22 to Rs 27 Cr in FY23

Backed by Marquee Investors:- The company is backed by giants like Bajaj Finance Limited, Sequoia Capital India Investment, Abu Dhabi Investment Authority and Bennett, Coleman and Company Limited

Valuation:- The only listed player of the sector is Paytm whose Trailing Twelve Month (TTM) total income is Rs 7,767 Cr whereas the market cap of the company stands at Rs 23,567 Cr giving it a market cap to sales multiple of 3. Now, if we assume for Mobikwik to get the same market cap to sale multiple, it should get a market cap of Rs 2,350 Cr and then share price should be Rs 411