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On 6 Nov 2026, One 97 Communications was priced at ₹1,794.40, or 136.1× trailing earnings, against an industry P/E of 25.1×. Sales grew 1.2% a year over 3 years, with ROCE of 3.7% and ROE of 5.3%. It carries very little debt. It is a large-cap company with a market cap of ₹1.1 lakh crore, ranked 2nd of 25 Software (Infrastructure) companies by market cap; the shares rose 41% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Sep 2026.How we calculate this

past year
Open
₹1,765.30
Day high
₹1,794.90
Day low
₹1,741.60
Prev. close
₹1,781.60
Volume
17.4 L

Health check

2 good · 4 to check
  • ReturnsAhead

    +40.5% over a year, better than 6 of 7 peers.

  • Price tagPricier

    P/E 136.1 vs industry 25.1.

  • GrowthSlow

    Sales +1.2% a year over 3 years.

  • ProfitabilityWeak

    ROCE 3.7% vs peer median 10.4%.

  • Balance sheetSolid

    Practically debt-free, Piotroski 6 of 9.

  • Red flags2 to check

    Return on equity is low at 5.3%.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Software - Infrastructure

24 listed peers. Screen the industry

Large cap

₹1.1L Cr, #2 of 25 in its industry by size.

Market sensitivity

Measuring against the NIFTY 50…

Key metrics

Last 12 months to Sep 2026: sales ₹9,554 Cr · profit ₹855 Cr
Market cap
₹1.1L Cr
Large cap
P/E
136.1
Industry 25.1
Price to book
6.94
Peers 4.07
Dividend yield
0.00%
ROE
5.3%
Peers 13.6%
ROCE
3.7%
Peers 10.4%
Debt to equity
0.02
Debt ₹264 Cr
EPS (TTM)
₹13.18
Face value ₹1
OPM (TTM)
8.0%
Net margin 8.9%
Sales growth
+28.5%
Latest quarter vs a year ago
Profit growth
+984.4%
Latest quarter vs a year ago
Price to sales
12.02
EV/EBITDA 124.4

Strengths and risks

Strengths

  • Practically debt-free.
  • Quarterly profit up 984.4% on a year ago.
  • Quarterly sales up 28.5% on a year ago.

Risks to check

  • Return on equity is low at 5.3%.
  • P/E of 136.1 against an industry P/E of 25.1.

Derived automatically from reported figures. Not a recommendation.

About One 97 Communications

One97 Communications Limited engages in the provision of payment, commerce and cloud, and financial services to consumers and merchants in India, the United Arab Emirates, Saudi Arabia, and Singapore. The company offers payment and financial services, including payment facilitator services, facilitation of consumer and merchant lending to consumers and merchants, wealth management, etc. It also provides marketing services consist of aggregators for…

Headquarters
Noida
Employees
47,826
Sector
Technology
ISIN
INE982J01020
Website
paytm.com

Price range

52 weeks

₹930.60₹1,855.50

Today

₹1,741.60₹1,794.90
Avg volume (3M)
43 L
1-year return
plus 40.5%
From 52-week high
minus 3.3%

Analyst consensus

22 analysts
BuyMean target ₹1,973.73 plus 10.0%

Target range, with today’s price

Low ₹1,302.00High ₹2,300.00

Consensus from Yahoo Finance. Not a recommendation.

Peers · Software - Infrastructure

Compare with peersScreen the whole industry
Company
JPLJio Platforms1,406.40minus 0.80%12,95,15840.83.578.9%9.4%32.8%––0.00%minus 0.8%
PAYTMOne 97 Communications1,794.40plus 0.72%1,14,873136.16.943.7%5.3%8.0%1.2%–0.00%plus 40.5%
OFSSOracle Financial Services Software10,215.00plus 0.64%89,01025.011.5743.2%47.4%51.6%10.4%13.5%2.64%plus 21.9%
PINELABSPine Labs162.45plus 0.51%18,759116.93.153.5%3.3%17.1%21.0%–0.00%minus 35.3%
FRACTALFractal Analytics808.85minus 0.07%14,04338.04.0710.4%13.6%16.7%18.4%12.9%0.00%minus 4.5%
E2EE2E Networks487.05minus 4.97%10,00786.85.54−0.5%6.9%70.9%54.8%–0.00%plus 64.6%
MPIMANIPALManipal Payment and Identity Solutions312.80minus 0.81%7,25123.88.7843.4%46.2%24.9%13.7%29.1%0.00%minus 9.4%
NEWGENNewgen Software Technologies440.70minus 2.33%6,22925.23.5020.7%18.3%25.9%17.4%19.3%1.36%minus 53.6%
Median of 7 peers–−0.80%14,04338.04.0710.4%13.6%25.9%17.9%16.4%0.00%−4.5%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrJun 25Dec 25Mar 26Jun 26Sep 26
1,9182,1942,2642,4482,648
1,8462,0382,1322,2452,378
72156132203270
3.8%7.1%5.8%8.3%10.2%
241211178182179
44577
166133132131146
−17–21–−4
126230194247292
2.4%2.2%5.7%10.9%22.9%
123225184220226
1.893.462.833.403.47

Sep 25 not reported by the data source.

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
+1.2%
ROE
5.3%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
7,9049,8706,7418,192
–+24.9%minus 31.7%+21.5%
9,51010,7627,8727,334
−1,606−893−1,131858
−20.3%−9.0%−16.8%10.5%
324426260612
23.324.31618
485736673568
47.4−164915−302
−1,743−1,390−645582
−1.9%−2.3%−2.8%5.2%
−1,776−1,417−659553
-27.00-22.33-10.358.55

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
63.463.66464
12,95213,26314,96315,962
223177160172
4,7275,1906,2617,717
17,96618,69321,44823,915
1,1811,233889890
63.766.23222
1,3522,5132,5412,911
7,7897,58010,68110,132
7,5807,3017,3059,960
17,96618,69321,44823,915

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
416651−121−743
2,626318−2,0431,719
−1,112−22.1−53−50
1,929947−2,217926
−705−822−322−479
−290−171−443−1,222

Shareholding pattern

Source: NSE filings
0.0%
promoters
  • Public100.00%
  • As of 30 Sep 2026
QuarterSplitPromotersPublicPromoter change
30 Sep 20260.00%100.00%0.00
30 Jun 20260.00%100.00%0.00
31 Mar 20260.00%100.00%0.00
31 Dec 20250.00%100.00%0.00
30 Sep 20250.00%100.00%–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you