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India's leading digital payments platform (Paytm), also offering lending, insurance distribution and merchant payment devices.
India's leading digital payments platform (Paytm), also offering lending, insurance distribution and merchant payment devices.
Because UPI transfers carry no charge to merchants, it earns instead from payment devices rented to shops, card and wallet payments, and commissions for distributing loans for partner lenders. The Reserve Bank of India's 2024 curbs on its affiliated Paytm Payments Bank pushed it to move its payment and lending flows to partner banks.
In one line: India's PayPal/Block (Square) hybrid.
Moat: narrow (brand, network effects, distribution). Early-mover brand recognition and a large merchant/device network, though UPI's interoperability limits pricing power.
Headquarters: Noida, India · Founded: 2000
Size One 97 Communications (PAYTM.NS) is an India Financials company (Finance/Rental/Leasing) with a market value of $12.2B, the 94th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹1,794 on 6 Nov 2026.
Performance Over six months the shares gained 49.9%, against -5.9% for the median peer and 0.0% for the India market (cap-weighted) — highest of 21 in its peer set.
Growth Revenue grew 23.8% over the last twelve months (peer median +15.8%); the operating margin is 2.3% (peer median 29.4%).
Valuation It trades at 6.92× book value against a peer median of 1.71× (most expensive of 21).
Price implies The share price implies a return on equity of about 47.0%; One 97 Communications delivers 5.4%, so the price asks more than the business earns today.
Next results Next results expected around 29 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹95.5B | ₹82.0B | ₹67.3B | ₹98.6B | ₹79.0B |
| Revenue growth | — | +22% | -32% | +25% | — |
| Gross profit | ₹23.8B | ₹10.4B | -₹6.69B | -₹3.03B | -₹7.36B |
| EBITDA | ₹7.61B | ₹2.79B | -₹16.6B | -₹10.2B | -₹17.1B |
| Net income | ₹8.55B | ₹5.53B | -₹6.59B | -₹14.2B | -₹17.8B |
| Free cash flow | n/a | ₹15.2B | ₹8.87B | ₹18.4B | -₹15.0M |
| Capital expenditure | n/a | ₹4.79B | ₹3.22B | ₹8.22B | ₹7.05B |
| Total debt | ₹2.64B | ₹1.72B | ₹1.60B | ₹1.77B | ₹2.23B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| One 97 Communications PAYTM.NS | $12.2B | +50% | +24% | 5% | 6.92× | 47.0% |
| Pine Labs PINELABS.NS | $1.98B | -19% | +50% | 3% | 3.12× | 49.7% |
| Jio Financial Services JIOFIN.NS | $16.2B | -8% | +117% | 1% | 1.18× | 19.7% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | PAYTM.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +3.6% | +2.4% | 11th highest of 21 |
| 6-month return | +49.9% | -5.9% | highest of 21 |
| Return on equity | 5.3% | 13.1% | lowest of 21 |
| Price / book | 6.92× | 1.71× | most expensive of 21 |
| Trailing P/E | 136.3× | 12.5× | most expensive of 21 |
| ROE the price implies | 47.0% | 15.9% | 3rd most demanding of 21 |
| ROE delivered | 5.4% | 12.6% | lowest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| One 97 Communications PAYTM.NS | India | $12.2B | +50% | +24% | 5% | 6.92× | 47.0% | 5.4% |
| Muthoot Finance MUTHOOTFIN.NS | India | $12.2B | -20% | +47% | 32% | 2.62× | 32.0% | 31.8% |
| Mitsubishi HC Capital 8593.T | Japan | $11.9B | -9% | +1% | 7% | 0.93× | 5.9% | 7.2% |
| Power Finance PFC.NS | India | $11.5B | -28% | +4% | 21% | 0.76× | 14.4% | n/a |
| Ally Financial ALLY | United States | $11.5B | -14% | +5% | 10% | 0.88× | 9.8% | 9.9% |
| Indian Railway Finance IRFC.NS | India | $11.1B | -25% | +13% | 13% | 1.74× | 28.2% | 12.6% |
| Tata Capital TATACAP.NS | India | $16.0B | +10% | +18% | 14% | 3.08× | 41.2% | 14.0% |
| Cholamandalam Investment and Finance CHOLAFIN.NS | India | $16.2B | +6% | +21% | 21% | 4.43× | 67.7% | 20.6% |
| Ayvens AYV.PA | France | $8.45B | -16% | 0% | 9% | 0.68× | 8.0% | 9.2% |
| Kaspi.kz Joint Stock Company Sponsored ADR RegS KSPI | United States | $17.7B | +7% | +39% | 45% | 3.15× | 13.6% | 45.4% |
| REC RECLTD.NS | India | $8.27B | -18% | -3% | 17% | 0.83× | 15.1% | 17.0% |
| FirstCash FCFS | United States | $7.96B | -18% | +23% | 18% | 3.50× | 19.9% | 18.2% |
| Tokyo Century 8439.T | Japan | $7.50B | +12% | +8% | 12% | 1.01× | 7.7% | 11.6% |
| L&T Finance LTF.NS | India | $7.36B | -9% | +17% | 12% | 2.38× | 45.8% | 12.3% |
| Piramal Finance PIRAMALFIN.NS | India | $7.17B | +13% | +71% | 7% | 1.58× | 13.0% | 6.5% |
| SOFI SOFI | United States | $21.0B | +3% | +38% | 7% | 1.86× | 27.5% | 7.4% |
| BOC Aviation 2588.HK | Hong Kong | $7.09B | -3% | -2% | 12% | 1.01× | 6.2% | 11.8% |
| Bajaj Housing Finance BAJAJHFL.NS | India | $7.05B | -9% | +17% | 12% | 2.77× | 41.1% | 12.4% |
| Jiangsu Financial Leasing 600901.SS | China | $6.66B | +12% | +14% | 13% | 1.67× | 5.9% | 13.5% |
| Synchrony Financial SYF | United States | $23.0B | +1% | -2% | 20% | 1.55× | 16.7% | 19.8% |
| Affirm AFRM | United States | $23.1B | +6% | +32% | 45% | 4.19× | 73.6% | 45.1% |