Mar 12, 2025
Comprehensive Report on One MobiKwik Systems Limited
Comprehensive Report on One MobiKwik Systems Limited
1. Company Overview
Full Company Name: One MobiKwik Systems Limited
Trading Name: MobiKwik
Headquarters: Gurugram, Haryana, India
Founded: 2009
Employee Count (as of 2024-12-31): 735
Primary Business Operations:
Mobile-based payments
Digital wallet payments
Bill payments
Mobile recharges
Bus ticket booking solutions
Online shopping
Electricity & gas bill payments
Online money transfers
Operating Industries:
Financial Technology
Digital Payments
Broader Digital Transaction Services
2. Financial Overview
2.1 Key Valuation and Revenue Figures
Metric | Value (USD) | Value (INR) | As On Date |
|---|---|---|---|
Latest Valuation | 843,955,011.47 | 68,911,162,853 | 2023-01-16 |
Latest Annual Revenue | 107,554,917.11 | 8,903,150,000 | 2024-03-31 |
Source: MobiKwik
2.2 Profitability Overview
Fiscal Period | Revenue (INR) | Profit/(Loss) (INR) | Profit Margin (%) |
|---|---|---|---|
FY 2021-22 | 5,432,190,000 | -1,281,620,000 | ~ -23.59% |
FY 2022-23 | 5,611,160,000 | -838,140,000 | ~ -14.94% |
FY 2023-24 | 8,903,150,000 | +140,790,000 | ~ +1.58% |
Key Observation:
There is a clear turnaround from persistent losses in previous fiscal years to a modest profit in FY 2023-24.
Sources: MobiKwik, YourStory
2.3 Cash Flow Snapshot (FY 2023-24)
Cash Flow Category | Value (INR) |
|---|---|
Operating Activities | -220,660,000 |
Investing Activities | +270,630,000 |
Financing Activities | +34,850,000 |
Net Increase in Cash & Equivalents | +84,820,000 |
Source: Consolidated Cash Flow Statement
3. Business Segments & Operations
3.1 Product and Service Portfolio
MobiKwik offers an extensive range of digital financial services:
Mobile Payments & Digital Wallet: Core platform enabling digital transactions.
Bill Payments & Mobile Recharges: Facilitates consumer utility and mobile top-ups.
Online Shopping & Travel Booking: Includes bus ticket booking solutions.
Other Services: Electricity and gas bill payments, online money transfers, etc.
While consolidated filings provide overall revenue figures, segmented revenue data (by product line or geographic region) are not explicitly disclosed.
3.2 Historical Earnings Performance
Fiscal Period (End Date) | Profit/(Loss) (INR) | Notable Trend |
|---|---|---|
2014-03-31 (Standalone) | -63,876,744 | Early stage - small loss |
2015-03-31 (Standalone) | -415,012,596 | Losses increased |
2016-03-31 (Consolidated) | -1,144,709,896 | Escalating losses during scale expansion |
2017-03-31 (Consolidated) | -1,328,953,708 | Continued deepening losses |
2018-03-31 (Consolidated) | -2,029,801,331 | Peak losses recorded |
2019-03-31 (Consolidated) | ~ -1,281,620,000 | Improvement begins |
2020-03-31 (Consolidated) | ~ -999,200,000 | Losses further reduced |
2021-03-31 (Consolidated) | ~ -1,113,000,000 | Fluctuating results |
2022-03-31 (Consolidated) | -1,281,620,000 | Continued volatility |
2023-03-31 (Consolidated) | -838,140,000 | Noticeable reduction in losses |
2024-03-31 (Consolidated) | +140,790,000 | Turnaround to profitability |
Source: Historical financial disclosures
4. Strategic Developments & Corporate Changes
4.1 Recent Strategic Initiatives
Acquisition & Investment Activities:
Expansion into New Segments:
Board approval granted for setting up new units to enter the insurance distribution space.
Source: Inc42
Public Market Transition:
An IPO is scheduled with the launch date on December 18, 2024, to facilitate market entry and further capital access.
4.2 Leadership and Governance
Key Executives:
Specific details about key executives or leadership appointments were not provided in the available data.Board and Advisory Committees:
No significant changes in the board of directors or advisory committees have been reported aside from the recent board nod to expand business units.
5. Risk Management and Operational Challenges
5.1 Primary Risks
Risk Category | Description | References |
|---|---|---|
Market Competition | Intense competition in the fintech and digital payments space with major players such as Paytm and PhonePe increasing pressure. | |
Regulatory Changes | The fintech sector faces rapidly evolving regulatory policies; the CEO has called for more supportive regulations. | |
Economic Downturns | An economic slowdown could reduce consumer spending and transaction volumes, impacting revenue. | General industry trends (Wikipedia) |
Technology & Supply Chain Risks | While less dependent on traditional supply chains, reliance on digital infrastructure and third-party services remains a potential risk. | General digital business risks (Wikipedia) |
5.2 Risk Mitigation Strategies
Strategy | Initiative / Action | Source |
|---|---|---|
Business Diversification | Expansion into insurance distribution to reduce dependency on core payment services. | |
Strategic Investments | Acquisition of stakes in fintech ventures (e.g., Blostem Fintech) to enhance revenue streams and innovation. | |
Financial Resilience | Upcoming IPO to bolster market capitalization and improve financial flexibility. |
6. Operational Efficiency and Cost Analysis
6.1 Major Cost Components (FY 2023-24)
Expense Component | FY 2022-23 (INR) | FY 2023-24 (INR) | Trend |
|---|---|---|---|
Employee Benefit Expense | 982,250,000 | 1,159,740,000 | +18.0% |
Finance Costs | 204,240,000 | 188,250,000 | -7.8% |
Amortization & Depreciation | 42,820,000 | 43,150,000 | +0.8% |
Other Expenses | 5,188,110,000 | 7,371,210,000 | +42.1% |
Source: MobiKwik
6.2 Operating Cash Flow Trend
Period | Operating Cash Flow (INR) | Change Compared to Previous Period |
|---|---|---|
FY 2021-22 | -3,205,860,000 | Baseline |
FY 2023-24 | -220,660,000 | Improvement of +2,985,200,000 (~93.2% reduction in outflow) |
Note: Quarterly data is not available; this analysis is based on annual figures.
Source: Consolidated Cash Flow Statements
7. Expansion & Future Growth Initiatives
7.1 Market and Product Expansion
Initiative | Description | Timeline | Source |
|---|---|---|---|
Insurance Distribution | Setting up new business units to enter the insurance distribution space. | Not specified | |
Strategic Investment Initiatives | Acquisition of minority stakes (e.g., 3.39% stake in Blostem Fintech for Rs 1.49 Cr) as part of ongoing expansion efforts. | Ongoing | |
Public Market Entry | Planned IPO on December 18, 2024 to enhance capital access and financial resilience. | December 18, 2024 |
7.2 Expected Impact
Revenue Growth: Diversifying into insurance and other fintech verticals is expected to generate additional revenue streams.
Market Position: Broadening service offerings positions MobiKwik as a more holistic digital financial services provider.
Financial Implications: Improved market capitalization and access to additional capital via the IPO will support further strategic investments.
8. Analyst and Investment Community Sentiment
8.1 Stock and Valuation Metrics
Metric | Value | Currency | As On Date |
|---|---|---|---|
Market Capitalization | 843,955,011.47 | USD | 2023-01-16 |
Market Capitalization | 68,911,162,853 | INR | 2023-01-16 |
Stock Price Performance: Specific pre- and post-earnings release stock price data is not available.
Comparative Analysis: Detailed stock performance comparison with industry benchmarks and major competitors was not provided.
Analyst Ratings / Forecasts: No updated analyst ratings or price targets are documented post the recent earnings cycle.
8.2 Investment Community Sentiment
Mixed Financial Results: Recent earnings indicate a modest profit following several loss-making periods.
Cautious Optimism: Despite the turnaround, concerns persist regarding regulatory frameworks and market competition.
Investor Support: Continued backing by prominent investors and the upcoming IPO indicate sustained market confidence.
Sources: CNBCTV18, Inc42, YourStory
9. Research & Development (R&D)
R&D Investment Details:
No specific information on R&D investments or dedicated R&D expenditure for new products or services is available in the current data.R&D Prioritization & Achievements:
There are no reported milestones or detailed strategies on how MobiKwik prioritizes its R&D efforts during the current period.
Source: MobiKwik
10. Earnings Call and Management Commentary
10.1 Insights and Future Plans
Key Insight/Plan | Description | Source |
|---|---|---|
Expansion into Insurance | Management discussed plans for launching new business units in the insurance distribution segment. | |
Regulatory Support | The CEO emphasized the need for improved regulatory support for the Indian fintech ecosystem. |
10.2 Q&A Session Notes
Analyst Q&A:
No detailed specifics regarding the Q&A session topics or management clarifications were provided.
Note: Further transcript details from the earnings call are required for a comprehensive review.
11. Conclusion
One MobiKwik Systems Limited is undergoing a significant strategic transition. Historically challenged by persistent losses, the company has achieved a modest turnaround in FY 2023-24, buoyed by expanded revenue and strategic investments. Key initiatives include diversifying service offerings into the insurance space, targeted acquisitions in fintech (e.g., the stake in Blostem Fintech), and preparations for an IPO in December 2024. Although detailed segmented operational metrics and quarterly stock performance data are lacking, the overall indicators suggest a cautious yet optimistic outlook by both management and the investment community amid evolving regulatory environments and heightened market competition.
All data and insights are drawn exclusively from the provided research materials and publicly available sources such as Mobikwik, Inc42, YourStory, CNBCTV18, and VCCircle.
