Route Mobile

₹1535.7 -23.5 | 1.5%

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

Market Cap ₹9669 Cr.

Stock P/E 26.7

P/B 4.4

Current Price ₹1535.7

Book Value ₹ 349.9

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.)	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Net Sales	626	729	846	986	1009	967	1015	1024	1017	1103
Other Income	8	15	2	8	15	15	4	20	12	11
Total Income	634	744	848	993	1023	982	1018	1044	1029	1114
Total Expenditure	570	644	743	861	877	844	886	899	892	980
Operating Profit	65	99	105	132	147	138	132	145	137	134
Interest	3	4	4	7	5	7	7	6	8	9
Depreciation	15	20	19	22	21	21	21	22	22	22
Exceptional Income / Expenses	0	0	0	0	0	0	0	15	2	0
Profit Before Tax	47	76	82	103	120	110	104	132	109	103
Provision for Tax	-1	5	10	18	16	19	15	18	14	22
Profit After Tax	47	71	73	85	104	92	88	114	95	81
Adjustments	-2	-2	1	-3	-2	1	0	-8	-7	-3
Profit After Adjustments	46	69	74	82	102	92	89	106	88	79
Adjusted Earnings Per Share	7.3	11	11.8	13.2	16.3	14.8	14.2	16.9	14	12.5

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	TTM
Net Sales	106	132	364	458	505	845	956	1406	2002	3569	4023	4159
Other Income	1	2	3	7	5	8	12	16	20	39	40	47
Total Income	107	134	367	465	509	852	968	1422	2022	3609	4064	4205
Total Expenditure	90	112	286	377	433	758	855	1231	1782	3124	3510	3657
Operating Profit	17	22	81	88	76	95	113	191	240	485	554	548
Interest	1	1	1	1	7	12	6	4	7	22	30	30
Depreciation	2	3	2	5	12	17	23	26	38	82	86	87
Exceptional Income / Expenses	0	0	0	0	0	0	-15	0	0	0	17	17
Profit Before Tax	15	19	78	81	57	65	69	162	195	382	455	448
Provision for Tax	4	6	17	21	10	10	11	29	25	48	66	69
Profit After Tax	11	13	61	60	48	56	58	133	170	333	389	378
Adjustments	0	0	0	0	1	0	0	1	-4	-6	-14	-18
Profit After Adjustments	11	13	61	60	49	56	58	133	166	327	375	362
Adjusted Earnings Per Share	2.1	2.5	12.2	12.1	9.7	11.1	11.7	23.1	26.4	52.4	59.7	57.6

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	13%	42%	37%	44%
Operating Profit CAGR	14%	43%	42%	42%
PAT CAGR	17%	43%	47%	43%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	-1%	-8%	NA%	NA%
ROE Average	20%	18%	21%	40%
ROCE Average	22%	21%	24%	48%

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	25	33	71	127	171	223	269	652	1673	1820	2150
Minority's Interest	0	0	0	1	-1	-2	-2	-3	2	8	21
Borrowings	0	0	0	3	5	5	4	3	0	44	135
Other Non-Current Liabilities	1	0	1	0	-0	-1	5	10	317	222	121
Total Current Liabilities	10	23	159	69	246	259	346	355	661	783	1035
Total Liabilities	36	57	231	200	421	484	622	1017	2653	2877	3462
Fixed Assets	6	7	10	33	182	170	176	193	952	953	898
Other Non-Current Assets	7	1	7	17	20	32	42	55	32	138	434
Total Current Assets	23	49	214	150	220	282	404	770	1669	1787	2130
Total Assets	36	57	231	200	421	484	622	1017	2653	2877	3462

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	3	14	19	142	81	24	29	62	270	407	484
Cash Flow from Operating Activities	7	10	203	-60	28	23	98	222	135	73	-98
Cash Flow from Investing Activities	-5	-2	-3	-11	-130	-5	0	-226	-838	112	-2
Cash Flow from Financing Activities	-1	-3	-31	14	46	-17	-67	211	824	-108	158
Net Cash Inflow / Outflow	1	5	168	-57	-56	1	31	207	120	78	58
Closing Cash & Cash Equivalent	4	19	187	81	24	29	62	270	407	484	542

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)	2.12	2.5	12.21	12.08	9.74	11.1	11.65	23.1	26.43	52.38	59.74
CEPS(Rs)	2.44	3	12.7	13.16	12	14.55	16.18	27.47	33.15	66.42	75.63
DPS(Rs)	10	10	11	0	1.5	1.5	1.5	2	5	11	11
Book NAV/Share(Rs)	5.06	6.69	14.27	25.39	34.19	44.57	53.88	113	263.03	286.06	337.87
Core EBITDA Margin(%)	15.61	15.25	21.4	17.65	14.24	10.3	10.54	12.44	11	12.47	12.77
EBIT Margin(%)	14.6	14.79	21.65	18.05	12.68	9.17	7.85	11.74	10.08	11.29	12.05
Pre Tax Margin(%)	14.06	14.31	21.43	17.81	11.38	7.72	7.25	11.49	9.75	10.69	11.31
PAT Margin (%)	9.97	9.49	16.77	13.2	9.41	6.57	6.09	9.44	8.5	9.33	9.66
Cash Profit Margin (%)	11.49	11.4	17.45	14.38	11.88	8.61	8.46	11.27	10.41	11.62	11.8
ROA(%)	34.78	26.83	42.34	28.02	15.31	12.27	10.53	16.2	9.27	12.05	12.27
ROE(%)	50.01	42.6	116.46	60.91	31.91	28.19	23.65	28.81	14.75	19.37	19.9
ROCE(%)	68.96	58.17	142.16	76.14	31.96	27.82	24.5	34.15	17.34	22.4	21.94
Receivable days	23.54	44.79	23.47	22.66	46.96	52.29	66.49	54.64	66.89	62.28	80.43
Inventory Days	0	8.84	0	0	0	0	0	0	0	0	0
Payable days	12.57	27.56	45.22	48.73	49.32	31.68	57.54	67.84	82.52	61.92	65.8
PER(x)	0	0	0	0	0	0	0	61.06	58.31	26.09	26.81
Price/Book(x)	0	0	0	0	0	0	0	12.48	5.86	4.78	4.74
Dividend Yield(%)	0	0	0	0	0	0	0	0.14	0.32	0.8	0.69
EV/Net Sales(x)	-0.03	-0.09	-0.46	-0.09	0.06	0.04	-0.01	5.46	4.33	2.17	2.4
EV/Core EBITDA(x)	-0.21	-0.51	-2.05	-0.48	0.41	0.35	-0.1	40.22	36.07	16.01	17.41
Net Sales Growth(%)	88.82	24.22	176.15	25.7	10.35	67.28	13.21	47.05	42.37	78.28	12.72
EBIT Growth(%)	16.76	25.85	304.12	4.82	-22.52	21.05	-3.11	119.95	22.27	99.63	20.31
PAT Growth(%)	24.78	18.26	387.96	-1.05	-21.31	16.8	4.86	128.09	28.11	95.85	16.73
EPS Growth(%)	24.78	18.26	387.96	-1.03	-19.4	14	4.98	98.24	14.4	98.18	14.04
Debt/Equity(x)	0.1	0.17	0	0.15	0.49	0.35	0.15	0.01	0	0.06	0.16
Current Ratio(x)	2.29	2.14	1.35	2.16	0.89	1.09	1.17	2.17	2.52	2.28	2.06
Quick Ratio(x)	2.29	2	1.35	2.2	0.89	1.09	1.17	2.17	2.52	2.28	2.06
Interest Cover(x)	26.81	30.29	99.77	73.67	9.77	6.32	13.15	46.25	30.27	18.72	16.27
Total Debt/Mcap(x)	0	0	0	0	0	0	0	0	0	0.01	0.03

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 47% CAGR over last 5 years
Company is almost debt free.

Cons

Debtor days have increased from 61.92 to 65.8days.
Stock is trading at 4.4 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.