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RATING

RECOMMENDATION

Buy

Business Type

Emerging Leader

  • One Mobikwik Systems Ltd. Unlisted Shares Essentials

ISIN

INE0HLU01028

Face Value

₹10.00

Total Share

10,04,974

Total Income

₹29,166.70 L

Profit After Tax

-₹10,766.80 L

Promoter Holding

₹99.50 %

EPS

-₹21.46

Book Value

-₹713.00 L

Sector

Financials

Sub-sector

Payment Infrastructure

Category

Pre IPO

Cashflow - Operations

-₹3,745.30 L

Cashflow - Financing

₹7,256.30 L

One Mobikwik Systems Ltd. Growth

Compounded Sales Growth

  • -10.91%

    1 Year

  • 49.50%

    2 Year

  • 61.47%

    3 Year

Pro Only

Compounded Profit Growth

  • NA

    1 Year

  • NA

    2 Year

  • NA

    3 Year

Pro Only

Return On Equity

  • 1510.18%

    1 Year

  • -7419.11%

    2 Year

  • -173.26%

    3 Year

Pro Only

About One Mobikwik Systems Ltd.

Overview: 

  • We are a Fintech company – one of the largest mobile wallets and one of the largest Buy Now Pay Later (BNPL) players in India. Digitally paying users have been rapidly growing in India in the last decade, but the credit card penetration in the country is still only 3.5%. We are focused on addressing the unmet credit needs of the fast growing digitally paying users by combining the convenience of everyday mobile payments with the benefits of BNPL.
  • Founded in 2009 by Bipin Preet Singh and Upasana Taku, we commenced operations as a mobile wallet to make digital payments convenient for our users. Our use cases have since expanded to include bill payments, ecommerce shopping, food delivery, petrol pumps, large retail chains, pharmacies, kirana stores, etc. Our platform also enables peer-to-peer payments via unified payment interface (“UPI”), MobiKwik Wallet as well as MobiKwik Wallet to bank payments. Over the years we have amassed over 101 million Registered Users and more than 3 million ecommerce, physical retail and biller partners.


Key facts:

  • The bank has a strong presence in India with 30 Lakh plus active customer base.
  • It has recorded total revenue of Rs. 184.6 Cr.  In 2019.

Market size: 
  • On June 10, 2019, MobiKwik reported a 5 times year-on-year growth to Rs. 362 crores in the gross transaction value of the IMPS (Immediate Payment Service) fund transfer business. With 6.7 lakh transactions during May 2019, it is targeting Rs 10,000 crore worth of transfers, till the end of FY 2020. As per National Payments Corporation of India, MobiKwik has 26 percent share of the entire IMPS transfer market in India.
  • In FY19, MobiKwik's revenue stood at Rs 184.6 crore, while it stood at Rs 69.6 crore in FY18.
  • In FY20, the net revenue of MobiKwik surged 134% to Rs. 379 crores.


  • One Mobikwik Systems Ltd. IPO Details

Offer for Sale

₹ 400.00 Cr

Fresh Issue

₹ 1500.00 Cr

Total IPO Size

Cr

Retail

35.00x

QIB

50.00x

Non-Institutional

15.00x

  • One Mobikwik Systems Ltd. Product & Services

  • Phone Recharge & DTH
  • Bill Payments
  • Shopping in Local Stores
  • Boost your finances with MobiKwik
  • Transfer money to Bank
  • One Mobikwik Systems Ltd. Industry Overview

Industry Statistics

 Introduction: 

  • MobiKwik launched an e-wallet system in 2012 that enabled users to deposit money online to use for bill payments and other features. MobiKwik provides financial services including loan, accident insurance, life insurance, fire insurance, IMPS money transfer, credit card bill payment, mutual funds, and DTH recharge.
  • They also introduced the feature of sending and receiving money via a mobile app. In September 2014, Express Computer reported how MobiKwik was partnering with GoDaddy and other international companies to help them comply with Indian payment regulations. In June 2017, 80 percent of India's mobile wallet transactions market was performed by Paytm, and Mobikwik. In March 2017, MobiKwik's largest competitor was Paytm.
  • In April 2015, MobiKwik was used by 15 million users and claimed to be adding one million new customers every month, according to Forbes India Magazine. In a partnership with Cash Care, MobiKwik began providing small loans between ₹500–₹2,500 to customers in May 2016. In November 2016, MobiKwik had over 1.5 million merchants using its service and 55 million users.



Future Prospects

  • Digital payments platform MobiKwik has raised $5 million or Rs 40 crore from a clutch of investors, regulatory filings show.
  • MobiKwik, ICICI Bank Partner to Let Users Load Their Mobile Wallet Via Bank Cash Deposits.
  • MobiKwik gets $50M from Japan’ GMO, Taiwan’s MediaTek.

One Mobikwik Systems Ltd. Strengths

  • Mobikwik is now enabled across more than 20,000 merchants including Café Coffee Day, Snapdeal, BookMyShow, Domino’s Pizza, eBay, MakeMyTrip etc.
  • Mobikwik invested tremendously on their assets to increase their business with a year-on-year increase of 25.2%.
  • Mobikwik’s valuation is estimated at over $700 as of June 2021 funding round

One Mobikwik Systems Ltd. Shortcomings

  • Mobikwik Revenue from operation takes a bad hit with a change of -11.3% in 2021.
  • The Company Cashflow also changes with -2159 lakhs in 2020 to -3745 lakhs in 2021.
  • The company doo not provide any kind of security to the field agent so the local business person does not feel secured to take the agent to take the agency ship of Mobikwik. 

One Mobikwik Systems Ltd. Opportunities

  • It is expected that by 2024 up to 4 billion users will have mobile wallets, a fairly significant growth compared to today’s 2.3 billion users. In addition, mobile money transactions are expected to reach $9 trillion per year by 2024.      
  • Paytm can educated customers on accepting cashless transactions and online payments which would in turn boost their customer base.
  • Offer more banking services along with online payment options.

One Mobikwik Systems Ltd. Threats

  • Consumers still perceive that mobile wallet do not solve anything. They are still not informed of the benefits of using mobile wallets over using cash or credit cards. That is why most of them still use credit cards and debit cards for online payment and buying expensive items.
  • All mobile payment services need to abide by the legal requirements. This entails both the financial and consumer-based regulations. This can be a problem for new players who want to invest in a new market.
One Mobikwik Systems Ltd. Rating

  • RECOMMENDATION

    Buy

  • One Mobikwik Systems Ltd. Detail Info

Registered In

India

last Updated

19/08/2021

Registered Date

01/04/2009

Stock Exchange Ticker

OMS

Reg Office: 5th Floor, Huda City Centre Metro Station, Sector 29, Gurugram, Haryana 122001

Website: http://www.mobikwik.com