Mobikwik Share
One Mobikwik Systems ‘Mobikwik’ IPO was launched in the month of December and the price band of this IPO was fixed between ₹265-₹279, list on NSE at ₹440 and made the high of ₹698, stock have come to IPO price within 3 month from listing. Mobikwik share is trading at ₹270 which is almost 50 percent down from the all time high.
Mobikwik Share performance Today
MobiKwik share closed at ₹270.65 on NSE with the loss of 0.09% from the previous close of ₹270.90. The stock made the low of ₹265.55 and high of ₹276.65 today. It opened at ₹273.00, respectively. The 52-week trend indicates a declining pattern.
Mobikwik Share Financials Overview
Mobikwik’s financial performance has shown fluctuations over recent quarters, reflecting variations in revenue, expenses, and profitability. The company’s sales have increased from ₹203 crore in September 2023 to ₹229 crore in December 2023. However, there was a notable rise in sales to ₹342 crore in June 2024, followed by a dip to ₹265 crore in March 2024. The sales figures then slightly improved, reaching ₹270 crore in December 2024 and ₹291 crore in September 2024.
Despite revenue growth, expenses have remained high, closely matching or exceeding sales in certain quarters. Expenses stood at ₹221 crore in December 2023, ₹196 crore in September 2023, and surged to ₹344 crore in June 2024. This trend continued with ₹266 crore in March 2024, ₹317 crore in December 2024, and ₹287 crore in September 2024. Consequently, the company’s operating profit (OP) has been inconsistent. While it posted a positive OP of ₹8 crore and ₹7 crore in December and September 2023, respectively, it turned negative in June and March 2024. A significant operating loss of ₹48 crore was recorded in December 2024, followed by a marginal recovery to ₹4 crore in September 2024.
The Operating Profit Margin (OPM) has mirrored these fluctuations. It stood at 4% in December and September 2023 before dropping to 0% in June and March 2024. The most concerning period was December 2024, when the OPM fell drastically to -18%, before slightly recovering to 1% in September 2024.
Other income has remained relatively stable, ranging from ₹3 crore to ₹7 crore across the quarters. Interest costs have shown a gradual increase, peaking at ₹7 crore in multiple quarters. Depreciation expenses also remained controlled, fluctuating between ₹1 crore and ₹3 crore.
Profit Before Tax (PBT) and Net Profit (NP) have been volatile. The company posted a PBT of ₹5 crore in December and September 2023, but it declined to ₹-6 crore in June 2024, ₹-1 crore in March 2024, and a substantial ₹-53 crore loss in December 2024. A slight improvement was seen in September 2024, with a reduced loss of ₹-3 crore. Similarly, net profit followed this trend, with positive ₹5 crore figures in December and September 2023 but turning negative at ₹-7 crore in June 2024, ₹-1 crore in March 2024, and a significant loss of ₹-55 crore in December 2024. The loss slightly narrowed to ₹-4 crore in September 2024.
Earnings per Share (EPS) reflected these trends, maintaining ₹1 in December and September 2023 before dipping to ₹-1 in June 2024, ₹0 in March 2024, and hitting a low of ₹-9 in December 2024. The EPS marginally improved to ₹-1 in September 2024.
Overall, Mobikwik’s financials indicate a period of instability, with sporadic improvements but significant losses in later quarters. The company’s ability to control expenses and improve profitability will be crucial for sustained growth.
Mobikwik Share Key Observations:
- Sales Growth: Mobikwik’s sales have increased over time, but profitability has deteriorated.
- Rising Expenses: The company’s expenses have surged, leading to negative operating margins in Dec 2024.
- Declining Profitability: The net profit turned negative in Jun 2024 and worsened in Dec 2024 (-₹55 Cr).
- EPS Drop: The Earnings Per Share (EPS) dropped from ₹1 in Dec 2023 to -₹9 in Dec 2024.
Shareholding pattern of One Mobikwik Systems as of December 2024.
| Shareholder Category | Holding (%) |
|---|---|
| Promoters | 25.18% |
| Domestic Institutional Investors | 8.85% |
| Foreign Institutional Investors | 4.84% |
| Others | 44.00% |
| Public Investors | 17.13% |
| Government | 0.00% |
About Mobikwik Company
MobiKwik is an Indian digital payments and financial services company founded in 2009 by Bipin Preet Singh and Upasana Taku. It operates as a mobile wallet and Buy Now, Pay Later (BNPL) platform, offering services like bill payments, mobile recharges, UPI transactions, and personal loans. MobiKwik has expanded into financial products, including insurance and mutual fund investments. The company has a strong user base, primarily in India, and competes with Paytm, PhonePe, and Google Pay. In December 2024, MobiKwik went public with its IPO, marking a significant milestone in its growth journey.
Mobikwik IPO recap
MobiKwik’s IPO, launched from December 11-13, 2024, aimed to raise ₹572 crore with a price band of ₹265-₹279 per share. The IPO saw massive demand, oversubscribed by 120 times, with strong interest from retail and institutional investors. The company reported its first annual profit in FY24, with a ₹14.08 crore PAT and ₹875 crore revenue. On December 18, MobiKwik debuted at ₹440 on the NSE, a 58% premium to its issue price, surging further to ₹518, valuing the company at approximately ₹3,950 crore.
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