StrengthTalking point
Returns at a multi-year high
ROE of 3.6% is the highest in 4 years (prior range -17.0% to -4.7%).
Importance 63 / 95 · profitability
One 97 Communications Limited · Research view
One 97 Communications Limited
NSE: PAYTMBSE: 543396ISIN INE982J01020Face value ₹1standalone
₹1,665
−0.62% · 2026-10-01 · 52-wk ₹959–₹1,825
Financials to FY2026 · 5 years of history · prices to 2026-10-01consolidatedstandalone
Section 02 · Synthesis
What stands out?
The strongest observations the engine found, ranked. Every line is generated from the filed numbers by a fixed rule — no opinion, no estimate.
StrengthConcernWatchContext
WatchTalking point
Growing, but light on cash
Revenue grew 22.3% but only -1.35× of reported profit came through as operating cash.
Importance 62 / 95 · cash quality
StrengthTalking point
Margins at a multi-year high
EBITDA margin of 16.1% is the widest in 4 years (prior range -41.2% to -3.6%).
Importance 62 / 95 · profitability
ConcernTalking point
Weak cash conversion
Operating cash flow was only -1.35× reported profit (FY2026).
Importance 61 / 95 · cash quality
Section 03 · The company
Who is this company?
Classified by the exchange under Financial Services › Financial Services › Financial Technology (Fintech) › Financial Technology (Fintech).
- Market cap
- ₹1.07 L cr
- FY2026 revenue
- ₹5,825 cr
- FY2026 net profit
- ₹67 cr
- Net worth
- ₹13,113 cr
- Total debt
- ₹0 crnet cash
- EPS (basic)
- ₹1.05
- Listed
- NSE · BSE
- Reporting
- Ind-ASApr–Mar
Peer set used on this page: 2 financial technology (fintech).
Section 04 · Business performance
Is the business growing?
RevenueNet profit
Watch
Profit has swung sharply over 4 years (from ₹-2,396 to ₹552) — one year is a weak guide to the earnings power.
Rule EARNINGS_VOLATILE
- Revenue growth per year
- +10.6%over 4 years
- Revenue growth
- +5.8%vs last year
- Net profit growth
- —vs last year
- Change in net profit since FY22
- +103%
Revenue compounded at 14.1% a year over 4 years (₹4,974 → ₹8,437) — though FY2023 saw a one-off step-change of 61% (a merger, restructuring or a recovery off a low base), so the compounding is uneven.
Revenue grew 22.3% year on year (FY2025 → FY2026).
Section 05 · Recent activity
What changed recently?
Quarterly results, the trailing-twelve-months snapshot, and verified corporate actions — kept separate from each other and from the annual story above. Every figure traces to a filed number; nothing here is external news or commentary.
Strength
Q1 FY27 net profit was ₹220 cr, up 79.6% from ₹123 cr a year earlier.
Rule QTR_PROFIT_GROWTH_YOY
Strength
Q1 FY27 net profit grew 79.6% while revenue grew 27.7% vs the same quarter last year — a gap of 51.9 percentage points.
Rule QTR_PROFIT_VS_REVENUE_GROWTH
Strength
Q1 FY27 revenue was ₹2,448 cr, up 27.7% from ₹1,918 cr in Q1 FY26 a year earlier.
Rule QTR_REVENUE_GROWTH_YOY
A. Quarterly results
RevenueNet profit
| Quarter | Revenue | YoY | Net profit | YoY | Net margin |
|---|---|---|---|---|---|
| Q2 FY25 | 1,660 | — | 930 | — | 56.0% |
| Q3 FY25 | 1,828 | −35.9% | −209 | −6.0% | −11.4% |
| Q4 FY25 | 1,912 | −15.7% | −545 | −1.1% | −28.5% |
| Q1 FY26 | 1,918 | +27.7% | 123 | −114.6% | 6.4% |
| Q2 FY26 | 2,061 | +24.2% | 21 | −97.7% | 1.0% |
| Q3 FY26 | 2,194 | +20.0% | 225 | −207.9% | 10.3% |
| Q4 FY26 | 2,264 | +18.4% | 183 | −133.6% | 8.1% |
| Q1 FY27 | 2,448 | +27.7% | 220 | +79.6% | 9.0% |
B. TTM snapshot
Trailing twelve months to 30 Jun 2026 · sum of the last 4 contiguous quarters
- Revenue
- ₹8,967 crTTM
- EBITDA
- ₹1,426 crTTM
- EBIT
- ₹893 crTTM
- PBT
- ₹703 crTTM
- Net profit
- ₹649 crTTM
C. Corporate actions
No verified corporate actions on record for this company.
Section 06 · Business performance
Is it becoming more profitable?
EBITDA marginNet margin
Strength
ROE of 3.6% is the highest in 4 years (prior range -17.0% to -4.7%).
Rule ROE_AT_MULTI_YEAR_HIGH
- EBITDA margin now
- 15.5%
- 5-year range
- -51.8–15.5%
- ROE FY2026
- 0.5%
- ROCE FY2026
- 3.8%
EBITDA margin of 16.1% is the widest in 4 years (prior range -41.2% to -3.6%).
ROE of 3.6% is below the financial technology fintech median of 6.7%.
ROE rose from -4.7% to 3.6%, but reported profit this year was lifted by a large exceptional item this year (pre-tax profit was ₹584) — the operating return moved less than this.
EBITDA margin improved from -11.3% to 16.1% of revenue.
Section 07 · Financial health
Is financial health improving?
Net worth (shareholders' funds)
Watch
Revenue grew 22.3% but only -1.35× of reported profit came through as operating cash.
Rule GROWTH_WITH_WEAK_CASH
Operating cash flowNet profit
- Total debt
- ₹0 crnet cash
- Operating cash flow ÷ net profit
- 1.16×FY2026
- Free cash flow
- ₹−223 cr
- Current ratio
- 5.42×
Operating cash flow was only -1.35× reported profit (FY2026).
Section 08 · Relative position
How does it compare with peers?
Ranked against 2 financial technology (fintech) (FY2026, consolidated).
Not enough peers in this set report the underlying metrics yet for a ranking.
Context
Trades at 164.17× earnings — 46% above the financial technology fintech median of 112.47×.
Rule PE_ABOVE_PEERS
- P / E
- 164.2×TTM to Jun 26
- P / B
- 6.6×latest book
- P / S
- 11.9×TTM sales
- Earnings yield
- 0.6%TTM to Jun 26
On the trailing twelve months. Last full year: P/E 193.0× · P/S 11.5× · ROE 3.6%. TTM and full-year profit differ by more than 15% — a one-off in a recent quarter is moving the trailing figure; weigh it against the full year.
Section 09 · The stock
How has the stock performed?
Long-term price performance is shown above.
- 1-year return
- +44.9%
- 3-year return
- +94.1%
- 5-year return
- —
- From 52-wk high
- −8.8%
Section 10 · Technical data
What does the technical data say?
Price-action indicators as of 2026-10-01. Secondary to the fundamentals above — included for timing context, not as a signal.
- vs 50-day avg
- Above₹1,602
- vs 200-day avg
- Above₹1,275
- RSI (14)
- 48.0neutral
- MACD histogram
- -22.9
- From 52-wk high
- −8.8%
- From 52-wk low
- +73.6%
- 30-day volatility
- 41.9%ann.
- 6-month return
- +73.6%
Section 11 · Open questions
What should I investigate further?
Observations the engine tagged watch or deteriorating — prompts for your own research, not conclusions.
- WatchGrowing, but light on cashRevenue grew 22.3% but only -1.35× of reported profit came through as operating cash.GROWTH_WITH_WEAK_CASH · conviction 62
- ConcernWeak cash conversionOperating cash flow was only -1.35× reported profit (FY2026).WEAK_CASH_CONVERSION · conviction 61
- WatchVolatile earningsProfit has swung sharply over 4 years (from ₹-2,396 to ₹552) — one year is a weak guide to the earnings power.EARNINGS_VOLATILE · conviction 60
- ConcernLess profitable than peersROE of 3.6% is below the financial technology fintech median of 6.7%.ROE_BELOW_PEER_MEDIAN · conviction 52
- WatchReturns improvingROE rose from -4.7% to 3.6%, but reported profit this year was lifted by a large exceptional item this year (pre-tax profit was ₹584) — the operating return moved less than this.ROE_IMPROVED_YOY · conviction 47
- WatchReported profit carries a one-offFY2026 pre-tax profit includes a ₹186 exceptional charge (31.8% of PBT) — the underlying trend differs from the reported number.PROFIT_INCLUDES_EXCEPTIONALS · conviction 45
- WatchUnusual tax rateEffective tax rate of 5.1% (FY2026) is well below the ~25% corporate norm — a one-off tax item may be flattering or depressing reported profit.EFFECTIVE_TAX_UNUSUAL · conviction 41
Data coverage is complete — 5 years of financials (FY2022–FY2026), full P&L, balance sheet and cash-flow statement, sector metrics fully mapped.
Section 12 · Reference
The numbers
The full statements, kept deliberately secondary. Every figure traces to a BSE Integrated Filing (inline XBRL); ratios are recomputed from the normalised facts.
| Metric | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 3,892 | 6,028 | 7,661 | 5,505 | 5,825 |
| Total income | 4,175 | 6,427 | 8,185 | 6,142 | 6,494 |
| EBITDA | −2,014 | −1,301 | −515 | −844 | 904 |
| Profit before tax | −2,325 | −1,856 | −1,476 | −789 | 67 |
| Net profit | −2,325 | −1,856 | −1,476 | −789 | 67 |
| EPS (₹) | −37.0 | −29.0 | −23.0 | −12.4 | 1.1 |
| Net worth | 13,713 | 12,287 | 12,339 | 12,874 | 13,113 |
| Total debt | 0 | 0 | 0 | 0 | 0 |
| Operating cash flow | −1,318 | 92 | 225 | 39 | 78 |
| Free cash flow | −1,821 | −586 | −578 | −254 | −223 |
| Ratio | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Growth | |||||
| Revenue growth YoY | — | 54.9 | 27.1 | -28.1 | 5.8 |
| Profit growth YoY | — | — | — | — | — |
| Profitability | |||||
| EBITDA margin % | -51.8 | -21.6 | -6.7 | -15.3 | 15.5 |
| Net margin % | -55.7 | -28.9 | -18.0 | -12.8 | 1.0 |
| Return on equity % | -17.0 | -14.3 | -12.0 | -6.3 | 0.5 |
| Return on capital % | -16.4 | -13.6 | -10.0 | -11.9 | 3.8 |
| Leverage & cash | |||||
| Debt to equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash flow ÷ profit | — | — | — | — | 1.16 |
| Current ratio | 4.31 | 4.10 | 4.36 | 2.81 | 5.42 |