One Mobikwik Systems Limited (MOBIKWIK) AI Stock Analysis

One Mobikwik Systems Limited

(NSE:MOBIKWIK)

Select Model

Rating:48Neutral

Price Target:INR 212.00▼(-0.84% Downside)

Action:reiterated

Date:10/07/26

The score is primarily pressured by weak financial quality, led by negative operating/free cash flow and ongoing losses despite strong revenue growth. Technicals are supportive with clear upward momentum, but elevated RSI indicates potential overbought risk. Valuation is constrained by loss-making earnings (negative P/E) and the absence of a dividend yield.

Positive Factors

Strong revenue scalingRevenue has scaled substantially over several years, indicating expanding platform activity and stronger commercial reach. If this growth is maintained, greater transaction volume can improve operating leverage, support investment in financial products, and strengthen the company’s position in digital payments.

Negative Factors

Persistent negative cash flowPersistent negative operating and free cash flow shows that reported growth has not yet translated into consistent cash conversion. Continued cash outflows can increase reliance on external funding or balance-sheet flexibility, limiting the company’s ability to invest and withstand weaker operating periods.

One Mobikwik Systems Limited (MOBIKWIK) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 16.93B
Dividend Yield: ―
Average Volume (3M): 309.31K
Price to Earnings (P/E): -132.2
Beta (1Y): 2.09
Revenue Growth: 2.97%
EPS Growth: 92.95%
Country: India
Employees: 789
Sector: General
Sector Strength: 55
Industry: Financial - Credit Services

One Mobikwik Systems Limited Business Overview & Revenue Model

Company Description

One Mobikwik Systems Limited operates primarily as a mobile financial technology enterprise. Its business is structured across three distinct divisions: Buy Now Pay Later (BNPL), Consumer Payments, and Payment Gateway. The BNPL segment offers accessi...

How the Company Makes Money

MobiKwik primarily makes money by monetizing transaction activity and distributing financial products on its platform. Key revenue streams typically include: (1) Payments-related revenues: fees and commissions earned from processing digital payments...

One Mobikwik Systems Limited Financial Statement Overview

Summary

Strong multi-year revenue growth and improved gross margin are outweighed by inconsistent profitability and, most importantly, persistently negative operating and free cash flow in 2024–2026. Balance sheet leverage looks manageable currently, but negative ROE and historical capital structure volatility reduce confidence.

Income Statement

48Neutral

Balance Sheet

62Positive

Cash Flow

34Negative

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	11.53B	11.54B	11.70B	8.75B	5.39B	5.27B
Gross Profit	5.90B	5.56B	4.62B	7.68B	2.96B	2.20B
EBITDA	261.87M	-207.88M	-805.50M	659.10M	-568.40M	-1.17B
Net Income	-125.67M	-621.01M	-1.22B	140.79M	-838.14M	-1.28B
Balance Sheet
Total Assets	0	14.09B	13.60B	8.55B	7.14B	8.36B
Cash, Cash Equivalents and Short-Term Investments	8.93B	4.36B	11.00B	2.01B	996.70M	1.64B
Total Debt	0	2.76B	2.92B	2.23B	2.06B	1.58B
Total Liabilities	-5.39B	8.70B	7.72B	6.92B	5.72B	6.20B
Stockholders Equity	5.39B	5.39B	5.89B	1.63B	1.43B	2.17B
Cash Flow
Free Cash Flow	-1.87B	-559.95M	-771.87M	-276.99M	255.62M	-3.24B
Operating Cash Flow	-1.84B	-455.01M	-681.63M	-220.66M	270.13M	-3.21B
Investing Cash Flow	80.11M	483.42M	-3.13B	270.63M	-6.78M	-847.72M
Financing Cash Flow	319.87M	231.09M	5.15B	34.85M	179.68M	3.29B

One Mobikwik Systems Limited Technical Analysis

Technical Analysis SentimentNeutral

Last Price213.80

Price Trends

50DMA209.18Positive

100DMA206.70Positive

200DMA203.78Positive

Market Momentum

MACD1.16Positive

RSI46.18Neutral

STOCH28.49Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:MOBIKWIK, the sentiment is Neutral. The current price of 213.80 is below the 20-day moving average (MA) of 226.95, above the 50-day MA of 209.18, and above the 200-day MA of 203.78, indicating a neutral trend. The MACD of 1.16 indicates Positive momentum. The RSI at 46.18 is Neutral, neither overbought nor oversold. The STOCH value of 28.49 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:MOBIKWIK.

One Mobikwik Systems Limited Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:MOBIKWIK against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:BAJFINANCE	69Neutral	INR 5.85T	26.92	―	0.64%	18.79%	18.22%
IN:IIFL	62Neutral	INR 225.36B	9.01	―	0.76%	36.50%	190.08%
IN:POONAWALLA	60Neutral	INR 407.10B	35.96	―	―	77.08%	358.18%
IN:PAISALO	59Neutral	INR 74.09B	26.93	―	0.13%	23.67%	26.77%
IN:SBICARD	56Neutral	INR 501.04B	19.16	―	0.47%	6.46%	35.94%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:MOBIKWIK	48Neutral	INR 16.90B	-132.16	―	―	2.97%	92.95%

* General Sector Average

Performance Comparison

IN:MOBIKWIK and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:MOBIKWIK	One Mobikwik Systems Limited	213.80	-50.65	-19.15%
IN:BAJFINANCE	Bajaj Finance Limited	939.20	-97.33	-9.39%
IN:IIFL	IIFL Finance Limited	528.00	-8.23	-1.54%
IN:PAISALO	Paisalo Digital Ltd.	78.81	41.23	109.69%
IN:POONAWALLA	Poonawalla Fincorp Limited	462.30	-12.40	-2.61%
IN:SBICARD	SBI Cards & Payment Services Ltd	526.50	-357.80	-40.46%

One Mobikwik Systems Limited Corporate Events

Mobikwik Discloses Promoter Share Acquisition Under SEBI Insider Trading Norms

Sep 30, 2026

One Mobikwik Systems Limited has notified the National Stock Exchange of India and BSE of a disclosure under Regulation 7(2) of the SEBI Prohibition of Insider Trading Regulations, 2015. The filing relates to a report received from promoter and execu...

Mobikwik Independent Director Raghu Ram Venkatesh Resigns Citing Other Commitments

Sep 18, 2026

One Mobikwik Systems Limited announced that Non-Executive Independent Director Raghu Ram Hiremagalur Venkatesh has resigned from the board with immediate effect, citing pre-occupation with other professional commitments. The company noted that he has...

Mobikwik Set to Benefit as NPCI Imposes MDR on High-Value UPI Merchant Payments

Sep 16, 2026

The National Payments Corporation of India has introduced a Merchant Discount Rate of up to 0.4% on UPI person-to-merchant transactions above ₹2,000, effective October 15, 2026. While UPI payments will remain free for customers, the new charge...

Mobikwik Publishes FY 2025–26 Annual Report and Sets Virtual AGM for September 22, 2026

Aug 21, 2026

One Mobikwik Systems Limited has released its Annual Report for the 2025–26 financial year, including the Business Responsibility and Sustainability Report, and circulated these documents electronically to shareholders with registered email add...

MobiKwik Files FY 2025-26 Business Responsibility and Sustainability Report

Aug 21, 2026

One MobiKwik Systems Limited has submitted its Business Responsibility and Sustainability Report for FY 2025-26 to the National Stock Exchange of India and BSE, in line with SEBI’s listing obligations. The report forms part of the company&#8217...

MobiKwik Posts Q1 FY27 Unaudited Results on Exchanges and Website

Aug 4, 2026

One Mobikwik Systems Limited has published its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, following approval by the board at a meeting held on August 3, 2026. The results and the limited review audito...

Mobikwik Board Clears Q1 FY27 Unaudited Results, Auditors Flag No Material Issues

Aug 3, 2026

One Mobikwik Systems Limited’s board has approved the company’s unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, at a meeting held on August 3, 2026. The board also noted the limited review repo...

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.

Date of analysis: Oct 07, 2026

One Mobikwik Systems Limited AI Stock Analysis