One MobiKwik Systems Limited, incorporated on March 20, 2008, in New Delhi and transitioned to a public limited company on June 23, 2021, is headquartered in Gurugram, Haryana. As a prominent player in the fintech sector, MobiKwik specializes in digital payment solutions and financial services, offering a range of products including digital credit, mutual funds, and digital gold. The company focuses on enhancing customer experience through technology, enabling consumers to pay utility bills (such as mobile recharges, electricity, and credit card bills), make purchases at online and offline merchants, transfer money to phone numbers or bank accounts, check bank balances, and scan QR codes for payments using UPI or Rupay credit cards. Committed to transparency and accountability, MobiKwik ensures its communications accurately reflect its status and potential in the competitive fintech landscape.

For the year/period ended (Rs. in Cr.)

For year/ period ended ( in Cr.)

• Established Brand Recognition
• Diverse Product Offerings
• User-Friendly Technology
• Strong Partnerships
• Focus on Innovation
• Extensive User Base
• Regulatory Compliance
• Financial Services Expansion

• To fund growth and market expansion
• To pay down existing debt
• To enhance technological infrastructure.
• To increase brand awareness and customer acquisition.

To support day-to-day activities

The company operates in a digital payment system where only a handful of companies are active. In FY24, its topline grew at a CAGR of 18% over the last three years. The company’s PAT turned positive in FY24, transitioning from a loss of INR 23 crore to a profit of INR 14.5 crore during the same period. At the upper price of INR 279, the company is expected to list at a PE ratio of 117.2. Considering its business model and the government’s emphasis on digital payments, we recommend to “Subscribe” for long-term gains.