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One Mobikwik Systems Limited
(MOBIKWIK)
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Rating:47Neutral
Price Target:
₹206.00
▲(7.26% Upside)
Action:Reiterated
Date:09/12/26
The score is held back primarily by weak financial quality—especially persistently negative operating/free cash flow and recent net losses—despite strong revenue growth and acceptable current leverage. Technicals are moderately supportive with the stock trading above key moving averages, but mixed momentum and a negative P/E limit overall attractiveness.
Positive Factors
Strong Revenue Growth
The substantial expansion in revenue indicates that MobiKwik has built meaningful transaction and financial-services scale. Continued top-line growth can broaden operating leverage, strengthen platform relevance, and create a larger base from which payments and distribution economics may develop over the next several quarters.
Negative Factors
Persistently Negative Cash Flow
Repeatedly negative operating and free cash flow show that reported growth has not yet translated into dependable cash generation. Weak cash conversion can increase reliance on external funding or balance-sheet flexibility, constrain investment choices, and make sustained expansion more financially demanding.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Revenue Growth
The substantial expansion in revenue indicates that MobiKwik has built meaningful transaction and financial-services scale. Continued top-line growth can broaden operating leverage, strengthen platform relevance, and create a larger base from which payments and distribution economics may develop over the next several quarters.
Read all positive factors
One Mobikwik Systems Limited (MOBIKWIK) vs. iShares MSCI India ETF (INDA)
Market Cap
₹15.35B
Dividend YieldN/A
Average Volume (3M)117.26K
Price to Earnings (P/E)―
Beta (1Y)2.21
Revenue Growth2.97%
EPS Growth92.95%
CountryIN
Employees789
SectorGeneral
Sector StrengthN/A
IndustryFinancial - Credit Services
Share Statistics
EPS (TTM)-1.62
Shares Outstanding78,746,920
10 Day Avg. Volume189,949
30 Day Avg. Volume117,258
Financial Highlights & Ratios
PEG Ratio0.32
Price to Book (P/B)2.25
Price to Sales (P/S)1.05
P/FCF Ratio-21.69
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)5.4
Revenue Forecast (FY)₹14.30B
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 acce...
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 paymen...
One Mobikwik Systems Limited Financial Statement Overview
Summary
Income Statement
48
Neutral
Balance Sheet
62
Positive
Cash Flow
34
Negative
| 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 | 0.00 | 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 | 0.00 | 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
Negative
192.05
Price Trends
200.31
Negative
200.84
Negative
204.55
Negative
Market Momentum
0.67
Positive
44.44
Neutral
19.53
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:MOBIKWIK, the sentiment is Negative. The current price of 192.05 is below the 20-day moving average (MA) of 198.71, below the 50-day MA of 200.31, and below the 200-day MA of 204.55, indicating a bearish trend. The MACD of 0.67 indicates Positive momentum. The RSI at 44.44 is Neutral, neither overbought nor oversold. The STOCH value of 19.53 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:MOBIKWIK.
One Mobikwik Systems Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | ₹6.06T | 29.38 | ― | 0.62% | 17.80% | 16.10% | |
65 Neutral | ₹259.31B | 12.15 | ― | 0.66% | 37.25% | 548.30% | |
59 Neutral | ₹71.84B | 27.58 | ― | 0.13% | 22.60% | 21.00% | |
58 Neutral | ₹555.66B | 24.19 | ― | 0.43% | 8.82% | 21.14% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
53 Neutral | ₹390.86B | 46.67 | ― | 0.84% | 73.47% | ― | |
47 Neutral | ₹15.35B | -121.19 | ― | ― | 2.97% | 92.95% |
* General Sector Average
IN:MOBIKWIK
One Mobikwik Systems Limited
196.60
-75.25
-27.68%
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One Mobikwik Systems Limited Corporate Events
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 ...
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...
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 aud...
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 r...
MobiKwik Boosts Lending and Broking Arms With Fresh Capital Infusions
Jul 21, 2026
One Mobikwik Systems Limited has approved a substantial investment of ₹60.84 crore into its wholly owned subsidiary MobiKwik Distribution Services Private Limited to develop it as a lending service provider, handling loan sourcing, distribut...
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.