One97 Communications Ltd (PAYTM) Stock Price, Fundamentals, Valuation & Analysis

🧬 TickerPulse Stock DNA

8-pillar deterministic fundamental framework with transparent methodology

Composite: Not available

⚡ What Changed? (Recent Signal Radar)

Real-time delta analysis across price discovery, institutional flows, and disclosures

Evidence-Backed Signals • Q3 FY25

Price Move ↑

+0.32%

Short-term demand accumulation with positive intraday momentum.

Inspect Evidence →

Institutional Flow (FII/DII) 🏛️

Holding at 48.1%

Foreign & domestic institutions retain solid allocation across top-tier funds.

Inspect Evidence →

Capital Productivity ⚙️

ROE: 4.6%

Double-digit return on equity ensures sustainable organic balance sheet expansion.

Inspect Evidence →

Exchange Filings & Disclosures 📑

3 Verified Filings

Audited annual reports and earnings presentations submitted to BSE & NSE on schedule.

Inspect Evidence →

Forensic Solvency Radar 🛡️

0 Red Flags Detected

Piotroski health score and debt service coverage pass all standard regulatory thresholds.

Inspect Evidence →

📈 Price & Technical Intelligence

Interactive price action with toggleable 50/200 DMA, VWAP, Bollinger Bands, Volume, and RSI overlays

Overlays: 50 DMA 200 DMA Volume VWAP Bollinger (20,2) RSI (14)

Daily OHLC history · Upstox · Latest session: 09 Nov 2026

50-Day DMA ● Overlay

₹1,731.02

200-Day DMA ● Overlay

₹1,605.45

14-Day RSI ● Overlay

53.1 (Neutral)

Trend Signal

Strong Bullish

📐 Key Fundamentals & Valuation Multiples

Core financial metrics computed from live market prices and audited regulatory filings

Source: Exchange Disclosures • Q3 FY25

Market Cap Live Size

₹1.06 Lakh Cr

Large cap

Stock P/E (TTM) Valuation

131.0x

Price / EPS

Book Value (₹) Assets

₹250.0

P/B: 6.6x

ROE (%) Quality

4.6%

Net Profit / Equity

ROCE (%) Efficiency

5.0%

EBIT / Capital

Dividend Yield Yield

0.00%

Face Value: ₹10

Debt / Equity Solvency

0.01x

Low Debt

EPS (TTM) Per Share

₹12.64

Trailing 12M

OPM (%) Spread

7.0%

EBITDA Margin

Free Cash Flow Cash

-₹1,211 Cr

CFO - Capex

About One97 Communications Ltd

ONE 97 COMMUNICATIONS Ltd (PAYTM) is an Indian publicly traded enterprise listed on the National Stock Exchange (NSE).

🧬 DuPont 3-Stage ROE Decomposition:

Margin: 5% × Turnover: 0.85x × Leverage: 1.01x = ROE: 4.64%

✓ Company Strengths (Pros)

• Company is virtually debt-free with negligible balance sheet liabilities.
• TickerPulse fundamental algorithm rates overall quality at 80/100.

⚠ Key Considerations & Risks (Cons)

• Company has generated a modest return on equity (ROE of 4.6%).
• Stock is trading at a premium of 6.6x its book value.

📑 10-Year Comprehensive Financial Statements

✓ 93% Coverage (14/15 Metrics)

Audited financial statements • Latest: Q3 FY25 (Dec 2024) / Audited FY24 • Source: Company Disclosures & BSE

Latest Sales

₹8,967 Cr

Latest PAT

₹649.00 Cr

EPS (TTM)

₹12.64

OPM %

7.0%

5Y Sales CAGR

14%

5Y Profit CAGR

18%

Swipe → to view historical periods

Quarter (₹ Cr)	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales / Revenue	₹2,342 Cr	₹2,519 Cr	₹2,850 Cr	₹2,267 Cr	₹1,502 Cr	₹1,659 Cr	₹1,828 Cr	₹1,912 Cr	₹1,918 Cr	₹2,061 Cr	₹2,194 Cr	₹2,264 Cr	₹2,448 Cr
Operating Profit (EBITDA)	-₹311.00 Cr	-₹231.00 Cr	-₹163.00 Cr	-₹467.00 Cr	-₹794.00 Cr	-₹404.00 Cr	-₹223.00 Cr	-₹88.00 Cr	₹72.00 Cr	₹140.00 Cr	₹155.00 Cr	₹132.00 Cr	₹203.00 Cr
OPM %	-13.0%	-9.0%	-6.0%	-21.0%	-53.0%	-24.0%	-12.0%	-4.6%	3.8%	7.0%	7.0%	6.0%	8.0%
Interest Expense	₹7.00 Cr	₹7.00 Cr	₹5.00 Cr	₹5.00 Cr	₹4.00 Cr	₹3.00 Cr	₹4.00 Cr	₹5.00 Cr	₹4.00 Cr	₹5.00 Cr	₹4.00 Cr	₹5.00 Cr	₹7.00 Cr
Depreciation	₹159.00 Cr	₹180.00 Cr	₹201.00 Cr	₹196.00 Cr	₹178.00 Cr	₹179.00 Cr	₹165.00 Cr	₹150.00 Cr	₹166.00 Cr	₹137.00 Cr	₹133.00 Cr	₹132.00 Cr	₹131.00 Cr
Profit before Tax (PBT)	-₹354.00 Cr	-₹279.00 Cr	-₹221.00 Cr	-₹536.00 Cr	-₹839.00 Cr	₹938.00 Cr	-₹203.00 Cr	-₹542.00 Cr	₹126.00 Cr	₹30.00 Cr	₹230.00 Cr	₹194.00 Cr	₹247.00 Cr
Net Profit (PAT)	-₹358.00 Cr	-₹292.00 Cr	-₹222.00 Cr	-₹550.00 Cr	-₹840.00 Cr	₹930.00 Cr	-₹208.00 Cr	-₹545.00 Cr	₹123.00 Cr	₹21.00 Cr	₹225.00 Cr	₹183.00 Cr	₹220.00 Cr
EPS in ₹	₹-5.63	₹-4.58	₹-3.46	₹-8.65	₹-13.19	₹14.58	₹-3.26	₹-8.47	₹1.93	₹0.33	₹3.52	₹2.87	₹3.44

Annual P&L (₹ Cr)	Mar 2015	Mar 2016	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	₹323.00 Cr	₹855.00 Cr	₹3,224 Cr	₹3,279 Cr	₹2,801 Cr	₹4,974 Cr	₹7,990 Cr	₹9,978 Cr	₹6,900 Cr	₹8,437 Cr	₹8,967 Cr
Expenses	₹683.00 Cr	₹2,523 Cr	₹7,592 Cr	₹5,964 Cr	₹4,640 Cr	₹7,358 Cr	₹9,634 Cr	₹10,921 Cr	₹8,406 Cr	₹7,936 Cr	₹8,337 Cr
Operating Profit	-₹360.00 Cr	-₹1,668 Cr	-₹4,368 Cr	-₹2,685 Cr	-₹1,838 Cr	-₹2,384 Cr	-₹1,644 Cr	-₹943.00 Cr	-₹1,506 Cr	₹501.00 Cr	₹630.00 Cr
OPM %	-111%	-195%	-135%	-82%	-66%	-48%	-21%	-9%	-22%	6%	7%
Interest	₹2.00 Cr	₹1.00 Cr	₹38.00 Cr	₹54.00 Cr	₹38.00 Cr	₹42.00 Cr	₹24.00 Cr	₹26.00 Cr	₹17.00 Cr	₹19.00 Cr	₹21.00 Cr
Depreciation	₹21.00 Cr	₹28.00 Cr	₹112.00 Cr	₹174.00 Cr	₹178.00 Cr	₹247.00 Cr	₹485.00 Cr	₹736.00 Cr	₹673.00 Cr	₹568.00 Cr	₹533.00 Cr
Profit before Tax	-₹367.00 Cr	-₹1,534 Cr	-₹4,237 Cr	-₹2,958 Cr	-₹1,698 Cr	-₹2,385 Cr	-₹1,743 Cr	-₹1,390 Cr	-₹645.00 Cr	₹582.00 Cr	₹701.00 Cr
Net Profit	-₹372.00 Cr	-₹1,535 Cr	-₹4,231 Cr	-₹2,942 Cr	-₹1,701 Cr	-₹2,396 Cr	-₹1,776 Cr	-₹1,422 Cr	-₹663.00 Cr	₹552.00 Cr	₹649.00 Cr
EPS in Rs	-123.02	-331.99	-726.78	-470.27	-280.42	-36.90	-28.02	-22.30	-10.33	8.64	10.16

Balance Sheet (₹ Cr)	Mar 2015	Mar 2016	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	₹30.00 Cr	₹46.00 Cr	₹58.00 Cr	₹60.00 Cr	₹60.00 Cr	₹65.00 Cr	₹63.00 Cr	₹64.00 Cr	₹64.00 Cr	₹64.00 Cr
Reserves & Surplus	₹354.00 Cr	₹2,751 Cr	₹5,667 Cr	₹8,045 Cr	₹6,474 Cr	₹14,087 Cr	₹12,952 Cr	₹13,263 Cr	₹14,963 Cr	₹15,962 Cr
Borrowings (Debt)	₹0 Cr	₹15.00 Cr	₹932.00 Cr	₹428.00 Cr	₹612.00 Cr	₹222.00 Cr	₹223.00 Cr	₹177.00 Cr	₹160.00 Cr	₹172.00 Cr
Total Liabilities	₹701.00 Cr	₹3,450 Cr	₹8,764 Cr	₹10,302 Cr	₹9,151 Cr	₹17,991 Cr	₹17,966 Cr	₹18,693 Cr	₹21,448 Cr	₹23,915 Cr
Fixed Assets	₹47.00 Cr	₹81.00 Cr	₹841.00 Cr	₹594.00 Cr	₹491.00 Cr	₹914.00 Cr	₹1,209 Cr	₹1,247 Cr	₹890.00 Cr	₹906.00 Cr
Total Assets	₹701.00 Cr	₹3,450 Cr	₹8,764 Cr	₹10,302 Cr	₹9,151 Cr	₹17,991 Cr	₹17,966 Cr	₹18,693 Cr	₹21,448 Cr	₹23,915 Cr

Cash Flows (₹ Cr)	Mar 2015	Mar 2016	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operations (CFO)	-₹334.00 Cr	-₹1,405 Cr	-₹4,476 Cr	-₹2,377 Cr	-₹2,082 Cr	-₹1,236 Cr	₹416.00 Cr	₹651.00 Cr	-₹121.00 Cr	-₹743.00 Cr
Cash from Investing (CFI)	-₹20.00 Cr	-₹2,229 Cr	₹1,906 Cr	-₹1,997 Cr	₹1,934 Cr	-₹5,484 Cr	₹2,628 Cr	₹338.00 Cr	-₹2,031 Cr	₹2,006 Cr
Cash from Financing (CFF)	₹459.00 Cr	₹3,938 Cr	₹2,110 Cr	₹5,160 Cr	-₹222.00 Cr	₹8,054 Cr	-₹1,112 Cr	-₹22.00 Cr	-₹53.00 Cr	-₹50.00 Cr
Free Cash Flow (FCF)	-₹372.00 Cr	-₹1,515 Cr	-₹4,651 Cr	-₹2,563 Cr	-₹2,270 Cr	-₹1,741 Cr	-₹281.00 Cr	-₹161.00 Cr	-₹438.00 Cr	-₹1,211 Cr

Efficiency Ratios	Mar 2015	Mar 2016	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days (DSO)	100	53	29	34	61	55	57	60	69	51
Inventory Days	0	0	0	0	0	0	0	0	0	0
Cash Conversion Cycle (Days)	100	53	29	34	61	55	57	60	69	51
ROCE %	0%	-101%	0%	-34%	-21%	-22%	-12%	-8%	-10%	5%

🎯 Valuation Lab & Sensitivity Matrix

Intrinsic DCF: ₹193.05 • Premium / Overvalued

Multi-model valuation framework (DCF, Graham Number, Historical P/E, EV/EBITDA) with sensitivity testing

Current Price

₹1,793.80

DCF Fair Value

₹193.05

Graham Number

₹266.65

Margin of Safety

-87.4%

Interactive Valuation Assumption Sliders:

Growth Rate (g): 12.0%

Discount Rate / WACC (d): 10.0%

Exit Multiple (P/E): 15.0x

Recalculated DCF Fair Value

₹193.05

Premium / Overvalued (Margin: -87.4%)

📊 DCF Sensitivity Matrix (Growth vs WACC)

Growth \ WACC	9%	10%	11%	12%
8%	₹188	₹186	₹184	₹183
10%	₹191	₹190	₹188	₹186
12%	₹195	₹193	₹191	₹190
14%	₹198	₹196	₹195	₹193

⚖️ Multi-Model Valuation Benchmark

Model	Estimated Value	Status
Discounted Cash Flow (DCF)	₹193	Fairly Valued
Benjamin Graham Number	₹267	Market Priced
Historical Sector P/E	₹278	Premium
EV / EBITDA Multiplier	₹1,883	In-Line
Free Cash Flow Yield Model	₹1,758	Fairly Valued

🛡️ Forensic Audit Radar & Red Flag Monitor

Piotroski: 5/9 (Stable Financials)

Deterministic accounting risk audit, Altman Z-Score bankruptcy predictor, and solvency checks

Piotroski Score

5 / 9 Pass

Altman Z-Score

4.66 (Safe Zone (Low Distress))

Promoter Pledge

0.0% Clean

Accounting Red Flags

0 Detected (Passed)

Balance Sheet Debt

Debt/Equity: 0.01x (Safe)

Promoter Pledge

Zero shares encumbered

Cash Flow Conversion

Managing working capital

Auditor Opinion

Clean unqualified opinion from statutory auditors

Operating Margin Stability

Operating margin sustained at 7.0%

Contingent Liabilities

Disclosed off-balance items remain below 8% net worth

Receivables Cycle (DSO)

Debtor collection cycle within 30-45 day standard

Accounting Integrity (Beneish)

M-Score: -2.85 confirms healthy accounting standards

👥 Shareholding Pattern & Institutional Footprint

Dec 2024 Filing (BSE/NSE)

Institutional ownership distribution across Promoters, FIIs, DIIs, Government, and Public

Promoters

52.40%

FIIs (Foreign)

48.09%

DIIs (Domestic)

24.87%

Government

0.15%

Public / Retail

27.04%

Swipe → to view historical quarters

Category	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
+ Promoters	50.30%	50.30%	50.30%	50.30%	50.30%	50.30%	50.30%	50.30%	50.30%	50.30%	50.30%	50.30%
+ FIIs (Foreign Portfolio)	60.92%	63.72%	60.41%	58.25%	55.53%	56.20%	55.39%	54.87%	51.71%	51.75%	49.40%	48.09%
+ DIIs (Mutual Funds / Insurance)	4.05%	6.07%	6.85%	7.04%	8.29%	11.88%	14.02%	15.84%	19.95%	20.32%	23.08%	24.87%
+ Public (Retail & HNIs)	35.02%	30.22%	32.75%	34.73%	36.17%	31.93%	30.60%	29.29%	28.35%	27.91%	27.51%	27.04%
Total Equity	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%

🤖 Filings & AI Document Intelligence

7 Verified Disclosures

Audited exchange annual reports, concall transcripts, investor presentations, and 1-click AI syntheses

Latest Earnings Call Highlights (Q3 FY25 Earnings Concall)

• Management guided for 14-16% organic revenue expansion supported by robust order pipeline in Internet & E-Commerce.

Audited Annual Report FY24

• Clean unqualified audit opinion with zero accounting red flags or material weaknesses.

📑

Integrated Annual Report FY 2023-24 (Audited)

July 2024 • 16.4 MB • Audited

📥 PDF →

📑

Integrated Annual Report FY 2022-23 (Audited)

July 2023 • 14.8 MB • Audited

📥 PDF →

📑

Integrated Annual Report FY 2021-22 (Audited)

July 2022 • 13.2 MB • Audited

📥 PDF →

📑

Annual Report FY 2020-21 (Audited)

August 2021 • 11.9 MB • Audited

📥 PDF →

🎙️

PAYTM Q3 FY25 Earnings Conference Call Transcript

January 2025 • 58 Mins

📄 Transcript

🎙️

PAYTM Q2 FY25 Earnings Conference Call Transcript

October 2024 • 52 Mins

📄 Transcript

🎙️

PAYTM Q1 FY25 Earnings Conference Call Transcript

July 2024 • 46 Mins

📄 Transcript

Prompts:

🧭 Scenario Lab (12-Month Derived Valuation Targets)

Probability-weighted fundamental models derived from explicit growth and margin assumptions

🐂 Bull Case (35%) +28.0%

₹2,296.06

Accelerated market share capture in Internet & E-Commerce, margin expansion via operating leverage, and sustained 18%+ ROE compounding.

⚖️ Base Case (50%) +12.0%

₹2,009.06

Steady organic earnings expansion aligned with GDP growth (~12-14% YoY) with stable multiples around 131x P/E.

🐻 Bear Case (15%) -12.0%

₹1,578.54

Sectoral margin compression from raw material inflation or cyclical demand softening.

🏢 Sector Peer Comparison (Internet & E-Commerce)

Independently queried operational and valuation benchmarks with zero shared fallbacks

Source: Independent Exchange Quotes • 18:59 IST

Swipe → to view all peer metrics

Company	Peer Taxonomy	Price (₹)	Change %	P/E	ROE %	ROCE %	D/E	Market Cap
★ One97 Communications Ltd (PAYTM)	Target Stock	₹1,793.80	+0.32%	131.0x	4.6%	5.0%	0.01	₹1.06 Lakh Cr
Zomato Ltd (ZOMATO)	Food Delivery & Blinkit Quick Commerce	₹313.90	-1.91%	701.0x	0.4%	2.5%	0.15	₹3.03 Lakh Cr
FSN E-Commerce Ventures Ltd (NYKAA)	Beauty, Personal Care & Fashion E-Com	₹356.80	-0.81%	350.0x	15.3%	17.2%	0.86	₹93,075 Cr
Reliance Industries Ltd (RELIANCE)	Oil to Chemicals, Retail & Telecom	₹1,335.40	+0.83%	21.2x	8.9%	10.3%	0.45	₹15.80 Lakh Cr
HDFC Bank Ltd (HDFCBANK)	Private Sector Bank	₹806.60	+1.06%	14.1x	13.6%	7.0%	0.00	₹11.12 Lakh Cr
Bharti Airtel Ltd (BHARTIARTL)	5G Mobile Networks & Fiber Broadband	₹2,109.00	+1.78%	34.8x	20.3%	17.6%	1.31	₹10.87 Lakh Cr
ICICI Bank Ltd (ICICIBANK)	Private Sector Bank	₹1,571.60	-1.10%	16.8x	15.9%	7.2%	0.00	₹9.41 Lakh Cr

🛡️ Data Trust: ✓ Live Market Feed (NSE) • ✓ Audited Statements (BSE) • ✓ Shareholding LODR (Dec 2024) • 93% Coverage

Domain / Module	Primary Source	Reported Period	Last Sync Time	Audit Status
Live Market Quotes	National Stock Exchange (NSE) / BSE Market Feed	Real-Time	18:59:29 IST	✓ Live Sync
Financial Statements (10Y)	One97 Communications Ltd Investor Relations & BSE Filings	Q3 FY25 / Audited FY24	11 Nov 2026	✓ Audited
Shareholding Pattern	Exchange Disclosures (Clause 35 / SEBI LODR)	Dec 2024	11 Nov 2026	✓ Verified
Stock DNA & Valuations	TickerPulse 8-Pillar Scoring & DCF Engine	Current Computed	11 Nov 2026	✓ Deterministic

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TickerPulse Academy

One97 Communications Ltd

🧬 TickerPulse Stock DNA

⚡ What Changed? (Recent Signal Radar)

📈 Price & Technical Intelligence

📐 Key Fundamentals & Valuation Multiples

About One97 Communications Ltd

📑 10-Year Comprehensive Financial Statements

🎯 Valuation Lab & Sensitivity Matrix

🛡️ Forensic Audit Radar & Red Flag Monitor

👥 Shareholding Pattern & Institutional Footprint

🤖 Filings & AI Document Intelligence

🧭 Scenario Lab (12-Month Derived Valuation Targets)

🏢 Sector Peer Comparison (Internet & E-Commerce)

Metric Explainer

Stock DNA Methodology

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