Operates a mobile payments and financial services platform serving Indian consumers and merchants through the Paytm app. Earns payment processing fees on consumer UPI and merchant card and online transactions, with net payment margin at greater than 4 basis points in Q4 FY26. Sells and leases payment devices such as the Soundbox to merchants, with the merchant base reaching 1.57 crore subscribers in Q1 FY27 and merchant GMV of Rs 7.1 lakh crore that quarter. Distributes lending and credit products — merchant loans, Postpaid, credit cards on UPI — on a partner-only basis with no FLDG, earning distribution commissions; financial services distribution revenue was Rs 814 crore in Q1 FY27, up 45% year-on-year. Building out wealth management and equity broking through wholly-owned subsidiary Paytm Money, with the board approving an additional Rs 100 crore investment in Q1 FY27. Working on an AI-led commerce cloud offering for merchants that management expects could become a reportable revenue line within a year. The cost base is dominated by employees at 32.8% of FY26 revenue and other operating expenses at 61.3%, with no materials cost. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Consumer payments, Merchant payments, Financial services distribution, Wealth and equity broking, AI commerce cloud (emerging). Asset-light, technology-led fintech combining payment processing, device-based merchant acquiring and partner-distributed financial services.
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 4,974 | 7,990 | 9,978 | 6,900 | 8,437 |
| EBITDA (ex other income) | (2,343) | (1,632) | (1,140) | (683) | 316 |
| margin % | (47.1) | (20.4) | (11.4) | (9.9) | 3.7 |
| Owners' profit | (2,393) | (1,776) | (1,417) | (659) | 553 |
| EPS, as reported (₹) | (38.00) | (27.00) | (22.00) | (10.35) | 8.66 |
| ROE % · ROCE % | (17.0) · (15.7) | (13.7) · (12.7) | (10.7) · (9.8) | (4.4) · (4.1) | 3.4 · 3.7 |
| Debt / equity (x) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from operations | (1,236) | 416 | 651 | (121) | (743) |
| Capex | (507) | (705) | (822) | (322) | (479) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,660 | 1,828 | 1,912 | 1,918 | 2,061 | 2,194 | 2,264 | 2,448 |
| Profit before tax | 935 | (203) | (542) | 126 | 31 | 231 | 194 | 247 |
| Net profit | 930 | (209) | (545) | 123 | 21 | 225 | 183 | 220 |
| EPS (₹) | 14.59 | (3.27) | (8.47) | 1.92 | 0.33 | 3.52 | 2.87 | 3.44 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| ONE 97 COMMUNICATIONS LTD ◆ | 1,15,680 | 177.9 | 7.22 | 96.1 | 3.4 | 3.6 | — | 15.7 |
| PB FINTECH LIMITED | 83,161 | 110.7 | 11.36 | 93.5 | 9.2 | 9.2 | — | 12.3 |
| PINE LABS LIMITED | 22,945 | 176.0 | 3.89 | 44.4 | 1.9 | 2.2 | — | 16.8 |
| SESHAASAI TECHNOLOGIES L | 6,318 | 20.4 | 4.43 | 15.8 | 16.8 | 22.0 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 9 Sept 2026 · Paytm clarifies Bloomberg article on AI agents, says no new disclosure needed | business updates | medium | — | — |
| 1 Sept 2026 · Paytm allots 4.75 lakh shares under ESOP 2019 at Rs 9 each | capital market events | low | — | — |
| 22 Aug 2026 · Paytm sends AGM notice to shareholders without registered emails | compliance | minimal | — | — |
| 22 Aug 2026 · Paytm seeks shareholder nod to reallocate Rs 1,686 cr IPO funds, extend deadline to FY29 | compliance | minimal | — | — |
| 21 Aug 2026 · Paytm files Business Responsibility and Sustainability Report for FY 2025-26 | compliance | low | — | — |
| 21 Aug 2026 · Paytm 26th AGM notice on Sept 15; CEO pay hike, IPO fund variation on agenda | board shareholder meetings | medium | — | — |
| 20 Aug 2026 · Paytm: PAC Resilient Asset Management sells 3% stake in open market | ownership changes | high | — | — |
| 19 Aug 2026 · Paytm 26th AGM scheduled for September 15, 2026 via video conferencing | compliance | minimal | — | — |
| 18 Aug 2026 · Paytm announces 26th AGM on September 15, 2026 via video conferencing | board shareholder meetings | low | — | — |
| 17 Aug 2026 · Resilient plans 4.98% block trade in Paytm shares under Antfin OCD deal | ownership changes | high | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| — |
| 25.1 |
| AVENUESAI LIMITED | 5,692 | 16.1 | 1.14 | 11.8 | 5.9 | 6.2 | 64.4 | 4.8 |
| NETWORK PEOPLE SRV TECH L | 3,494 | 74.9 | 7.92 | 49.5 | 9.3 | 12.3 | — | 33.3 |
| ONE MOBIKWIK SYSTEMS LTD | 1,649 | — | 3.06 | — | (11.5) | (11.2) | — | 5.6 |
| WSFX Global Pay Limited | 80 | — | 2.82 | — | (4.5) | (6.4) | — | (20.5) |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 177.9 | 92.8 | 6 of 6 | 0% |
| P/B | 7.2 | 3.5 | 8 of 10 | 22% |
| ROCE | 3.6 | 3.7 | 6 of 10 | 44% |
| ROE | 3.4 | 4.4 | 6 of 10 | 44% |
| Debt / Equity | 0.0 | 0.1 | 1 of 10 | 89% |
| EBITDA margin | 15.7 | 8.9 | 4 of 10 | 67% |
| Revenue growth | 27.7 | 40.1 | 6 of 9 | 38% |
| Profit growth | 79.6 | 55.6 | 3 of 9 | 75% |
| Market cap | 115680 | 4593 | 1 of 10 | 100% |
| A rating (BUY / ADD / REDUCE / SELL) |
| A state: the latest filed quarter and the measured reactions |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
