Investor Presentation.
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String Metaverse (formerly Bio Green Papers) disclosed its FY26 annual results via an investor presentation. Revenue surged 163.72% YoY to ₹1,076.55 Cr, EBITDA rose 189.50% to ₹121.88 Cr, and PAT grew 190.89% to ₹102.53 Cr — driven by its Web3 ecosystem spanning gaming, DeFi tokenized assets, and blockchain payments. The company crossed 5 million ecosystem users, achieved $220+ Million in on-chain tokenized asset volume, and $4+ Billion in derivatives volume. Key product launches include String Pay X (Visa-backed crypto debit card, 150+ countries), Idle Walk (walk-to-earn mobile game), and a planned 100 MW AI data center. Operations span 7 countries including Canada (MSB banking license), UAE, Hong Kong, Singapore, India, and UK.
The company posted exceptional growth with a Rule of 40 score of 60.30%, signaling strong capital efficiency. Multiple product launches (Pay X, Idle Walk, AI data center) and the existing 5M+ user base provide a credible near-term growth runway. However, the company operates in high-volatility crypto/Web3 segments, and the stock remains a micro-cap with elevated execution risk.