Route Mobile

₹1535.7 -23.5 | 1.5%

WEBSITE BSE:543228 NSE : ROUTE 22 Oct, 16:01

Market Cap ₹9669 Cr.

Stock P/E 25.8

P/B 8.1

Current Price ₹1535.7

Book Value ₹ 188.9

Face Value 10

52W High ₹1942

Dividend Yield 0.72%

52W Low ₹ 1388.6

Edit Ratio

Route Mobile Research see more...

Equity Research: Route Mobile

Overview Inc. Year: 2004Industry: IT - Software

Route Mobile Ltd proovides cloud-communique platform offerings to enterprises, over-the-top players, and mobile community operators in Africa, the Asia Pacific, Europe, the Middle East, and North America. The enterprise offers messaging, voice, e-mail, SMS filtering, analytics, monetization, and firewall and on the spot digital number solutions. It offers its cloud-conversation services to clients in the social media, banking and economic services, aviation, retail, e-commerce, logistics, healthcare, hospitality, media and entertainment, pharmaceuticals, and telecom sectors. The business enterprise incorporated in 2004 and is centred in Mumbai, India.

Route Mobile Share Price

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Peer Comparison

Route Mobile Quarterly Results

#(Fig in Cr.)
Net Sales
Other Income
Total Income
Total Expenditure
Operating Profit
Interest
Depreciation
Exceptional Income / Expenses
Profit Before Tax
Provision for Tax
Profit After Tax
Adjustments
Profit After Adjustments
Adjusted Earnings Per Share

Route Mobile Profit & Loss

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Net Sales	78	105	189	168	195	374	407	376	334	536	667
Other Income	1	2	3	40	4	4	19	12	40	95	100
Total Income	78	107	192	209	199	378	425	388	374	631	768
Total Expenditure	66	88	144	133	175	359	392	346	319	499	592
Operating Profit	13	19	48	76	24	19	33	42	55	132	175
Interest	1	1	1	1	1	2	3	2	2	2	2
Depreciation	2	2	2	5	6	5	6	10	15	15	17
Exceptional Income / Expenses	0	0	-2	0	0	0	-13	0	-5	-5	0
Profit Before Tax	10	16	43	70	18	13	10	30	33	110	156
Provision for Tax	3	6	16	19	7	4	3	7	6	20	29
Profit After Tax	7	10	28	52	11	9	8	22	28	90	126
Adjustments	0	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	7	10	28	52	11	9	8	22	28	90	126
Adjusted Earnings Per Share	1.4	2	5.6	10.3	2.2	1.8	1.5	3.9	4.4	14.4	20.1

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	24%	21%	12%	24%
Operating Profit CAGR	33%	61%	56%	30%
PAT CAGR	40%	79%	70%	34%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	-1%	-8%	NA%	NA%
ROE Average	11%	8%	9%	32%
ROCE Average	14%	9%	11%	43%

Route Mobile Balance Sheet

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Shareholder's Funds	18	25	29	80	84	84	74	345	1225	1126	1189
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	0	0	0	3	2	1	0	0	0	0	0
Other Non-Current Liabilities	1	0	1	20	27	30	-1	10	11	6	5
Total Current Liabilities	10	21	55	40	73	135	247	233	87	130	171
Total Liabilities	28	46	85	142	184	250	321	587	1323	1263	1364
Fixed Assets	6	7	9	17	14	11	13	37	60	54	58
Other Non-Current Assets	1	1	4	49	65	82	50	61	71	61	330
Total Current Assets	21	39	71	76	106	157	258	489	1191	1148	976
Total Assets	28	46	85	142	184	250	321	587	1323	1263	1364

Route Mobile Cash Flow

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Opening Cash & Cash Equivalents	8	13	17	5	21	3	4	23	129	190	144
Cash Flow from Operating Activities	10	9	65	-25	-25	25	39	94	-177	-6	18
Cash Flow from Investing Activities	-2	-2	-3	26	9	-9	-11	-201	-593	168	20
Cash Flow from Financing Activities	-3	-3	-29	14	-2	-15	-9	215	831	-209	-63
Net Cash Inflow / Outflow	4	4	34	16	-18	1	19	107	61	-46	-26
Closing Cash & Cash Equivalent	13	17	50	21	3	4	23	129	190	144	119

Route Mobile Ratios

#	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Earnings Per Share (Rs)	1.38	2	5.57	10.32	2.19	1.79	1.51	3.87	4.42	14.39	20.12
CEPS(Rs)	1.7	2.49	6.03	11.29	3.35	2.73	2.78	5.67	6.77	16.79	22.84
DPS(Rs)	10	10	11	0	1.5	1.5	1.5	2	5	11	11
Book NAV/Share(Rs)	3.53	5	5.81	16.05	16.75	16.76	14.86	59.74	191.84	174.92	184.85
Core EBITDA Margin(%)	15.45	15.95	23.87	21.21	10.51	3.95	3.5	8.08	4.48	6.86	11.18
EBIT Margin(%)	14.11	15.45	23.51	42.13	9.43	3.87	3.21	8.4	10.6	20.91	23.67
Pre Tax Margin(%)	12.89	14.88	23.06	41.81	9.03	3.43	2.48	7.91	10.01	20.5	23.36
PAT Margin (%)	8.9	9.55	14.78	30.64	5.61	2.4	1.86	5.93	8.32	16.77	18.94
Cash Profit Margin (%)	10.94	11.88	16	33.52	8.58	3.64	3.42	8.69	12.74	19.56	21.5
ROA(%)	27.81	26.87	42.51	45.52	6.7	4.13	2.64	4.92	2.91	6.95	9.62
ROE(%)	44.93	46.92	103.12	94.42	13.34	10.71	9.55	10.66	3.58	7.82	11.22
ROCE(%)	65.58	63.48	147.43	110.86	17.7	13.53	12.04	13.84	4.51	9.53	13.64
Receivable days	22.52	42.37	32.4	41.4	71.12	72.78	93.48	101.87	114.8	92.77	113.79
Inventory Days	6.75	0	0	0	0	0	0	0	0	0	0
Payable days	11.69	28.39	23.57	30.51	64.45	73.46	145.1	227.24	190.87	76.29	91.82
PER(x)	0	0	0	0	0	0	0	364.56	349.05	95	79.6
Price/Book(x)	0	0	0	0	0	0	0	23.61	8.03	7.81	8.66
Dividend Yield(%)	0	0	0	0	0	0	0	0.14	0.32	0.8	0.69
EV/Net Sales(x)	-0.11	-0.08	-0.16	0.11	0.29	0.17	0.07	20.77	26.63	14.97	14.65
EV/Core EBITDA(x)	-0.65	-0.47	-0.62	0.25	2.31	3.23	0.88	186.21	161.13	60.78	55.83
Net Sales Growth(%)	77.54	35.09	79.92	-10.66	15.82	91.72	8.71	-7.42	-11.31	60.51	24.5
EBIT Growth(%)	-4.31	47.92	173.83	60.13	-74.08	-21.39	-9.85	142.51	11.96	216.53	40.97
PAT Growth(%)	-4.73	44.99	178.53	85.15	-78.79	-18.02	-15.87	195.88	24.32	223.6	40.63
EPS Growth(%)	-4.73	44.99	178.53	85.15	-78.79	-18.03	-15.87	156.35	14.12	225.82	39.85
Debt/Equity(x)	0.14	0.23	0.01	0.23	0.3	0.25	0.51	0	0	0	0
Current Ratio(x)	2.11	1.85	1.3	1.91	1.46	1.16	1.04	2.1	13.64	8.81	5.71
Quick Ratio(x)	1.97	1.85	1.3	1.98	1.46	1.16	1.04	2.1	13.64	8.81	5.71
Interest Cover(x)	11.61	27.47	52.46	129	23.47	8.8	4.42	17.18	17.96	51.15	75.56
Total Debt/Mcap(x)	0	0	0	0	0	0	0	0	0	0	0

Route Mobile Shareholding Pattern

#	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoter	59.82	58.56	58.44	58.32	58.32	58.15	58.15	58	83.11	74.9
FII	19.94	21.32	21.1	20.29	21.34	21.76	21.59	15.84	5.75	6.66
DII	7.03	7.17	7.22	8.15	6.81	5.51	5.99	5.82	1.04	6.15
Public	13.21	12.94	13.24	13.24	13.54	14.58	14.27	20.35	10.11	12.3
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoter	3.77	3.64	3.64	3.64	3.64	3.64	3.64	3.64	5.22	4.72
FII	1.26	1.33	1.32	1.27	1.33	1.36	1.35	0.99	0.36	0.42
DII	0.44	0.45	0.45	0.51	0.43	0.34	0.37	0.37	0.06	0.39
Public	0.83	0.8	0.82	0.83	0.85	0.91	0.89	1.28	0.63	0.77
Others	0	0	0	0	0	0	0	0	0	0
Total	6.3	6.22	6.23	6.24	6.24	6.26	6.26	6.28	6.28	6.3

Pros

Company has delivered good profit growth of 69% CAGR over last 5 years
Company is almost debt free.

Cons

Company has a low return on equity of 8% over the last 3 years.
Debtor days have increased from 76.29 to 91.82days.
Stock is trading at 8.1 times its book value.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.