NSE: ONMOBILE · BSE: 532944
ONMOBILE GLOBAL LTD.
Operates in mobile entertainment and digital services, with roots in B2B telecom value-added services for overseas carriers. The company has 266 permanent employees spread across 10 overseas offices, with 84% of revenue coming from exports in FY26. It is now expanding into direct consumer products: on June 26, 2026 it launched the ONMO+ Smart Console on Flipkart, a cloud-gaming bundle that includes a Smart Console, pro controller and access to premium games running on GPU servers (built with AMD and AsRock Rack), priced at Rs 4,999 for a 3-month subscription. On a consolidated basis, FY26 total income was Rs 5,717.82 million and the company reported a net loss of Rs 114.86 million, narrower than the prior year. The cost base is led by materials and content-related spend at 48.1% of revenue, followed by other operating expenses at 34.4% and employee cost at 21.6%, with depreciation and capex each at 6.8% of revenue. The company is ISO/IEC 27001 certified and funded its recent move in part by raising up to Rs 65 crore of secured non-convertible debentures through private placement. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Mobile entertainment and digital services to telecom operators (B2B), ONMO+ consumer gaming (direct-to-consumer). Asset-light mobile entertainment and digital services, with an export-heavy B2B telecom base and a newly launched direct-to-consumer gaming product.
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 520 | 525 | 513 | 573 | 517 |
| EBITDA (ex other income) | 51 | 7 | 22 | (2) | (22) |
| margin % | 9.8 | 1.4 | 4.3 | (0.3) | (4.2) |
| Owners' profit | 0 | 7 | 15 | (40) | (11) |
| EPS, as reported (₹) | 3.08 | 0.64 | 1.44 | (3.78) | (1.07) |
| ROE % · ROCE % | 5.0 · 7.1 | 1.0 · 1.2 | 2.4 · 4.7 | (6.5) · (4.5) | (1.8) · (0.3) |
| Debt / equity (x) | 0.01 | 0.01 | 0.02 | 0.07 | 0.11 |
| Cash from operations | (24) | 44 | 38 | (24) | 87 |
| Capex | (55) | (88) | (77) | (25) | (35) |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 129 | 164 | 156 | 125 | 128 | 136 | 128 | 123 |
| Profit before tax | (11) | (3) | (7) | 19 | 8 | 4 | (40) | (23) |
| Net profit | (12) | (5) | (8) | 16 | 6 | 4 | (37) | (29) |
| EPS (₹) | (1.13) | (0.48) | (0.75) | 1.47 | 0.56 | 0.33 | (3.43) | (2.72) |
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| ONMOBILE GLOBAL LTD. ◆ | 556 | — | 0.89 | 16.2 | (1.8) | (1.4) | (1.3) | (9.4) |
| Novus Loyalty Limited | 277 | 28.2 | 4.50 | — | 15.1 | 19.8 | — | 9.5 |
| ADCOUNTY MEDIA INDIA LIMITED | 158 | 7.1 | 1.47 | 5.3 | 18.9 | 24.9 | — | 28.5 |
| EMIAC TECHNOLOGIES LIMITED | 73 | 78.6 | — | — | — | 21.7 | — | — |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/B | 0.9 | 0.9 | 8 of 17 | 56% |
| ROCE | (1.4) | 9.8 | 24 of 24 | 0% |
| ROE | (1.8) | 3.8 | 17 of 18 | 6% |
| Debt / Equity | 0.1 | 0.0 | 14 of 18 | 24% |
| EBITDA margin | (9.3) | 20.6 | 16 of 16 | 0% |
| Revenue growth | (2.0) | 9.6 | 15 of 16 | 7% |
| Profit growth | (285.5) | 19.4 | 15 of 16 | 7% |
| Market cap | 556 | 143 | 7 of 24 | 74% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 29 Oct 2026 · OnMobile signs 3-year India distribution deal for ONMO+ Smart Console | strategic transactions | medium | — | — |
| 29 Oct 2026 · Q2 FY27 sales up 3.4%, but profit after tax remains negative | investor communications | medium | — | — |
| 29 Oct 2026 · Q2 FY27 revenue rises 3.4% sequentially to INR 1,284 million | compliance | low | — | — |
| 28 Oct 2026 · Revenue slips and consolidated quarter loss is Rs 105.35 million | results | high | — | — |
| 28 Oct 2026 · Q2 revenue dips, profit turns to loss year on year amid investigation | board shareholder meetings | low | — | — |
| 19 Oct 2026 · Investor Conference Call Scheduled for Q2 FY27 Financial Results | board shareholder meetings | low | — | — |
| 16 Oct 2026 · OnMobile expands ONMO+ Smart Console to Poorvika retail stores | business updates | medium | — | — |
| 14 Oct 2026 · Board meeting on Oct 28 to approve Q2 FY27 results | results | low | — | — |
| 5 Oct 2026 · Submission of Regulation 74(5) certificate for Q2 FY27 | compliance | minimal | — | — |
| 24 Sept 2026 · Trading window closed for Q2 FY27 results | compliance | minimal | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| 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 |
Sources, method and disclosures
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.