Route Mobile

₹1528 -13.3 | 0.9%

WEBSITE BSE:543228 NSE : ROUTE 28 Nov, 16:01

Market Cap ₹9568 Cr.

Stock P/E 26.1

P/B 4.8

Current Price ₹1528

Book Value ₹ 319.6

Face Value 10

52W High ₹1759.9

Dividend Yield 0.72%

52W Low ₹ 1131

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.)	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023
Net Sales	378	436	563	626	729	846	986	1009	967	1015
Other Income	4	2	5	8	15	2	8	15	15	4
Total Income	382	438	567	634	744	848	993	1023	982	1018
Total Expenditure	332	380	502	570	644	743	861	877	844	886
Operating Profit	50	58	66	65	99	105	132	147	138	132
Interest	0	1	1	3	4	4	7	5	7	7
Depreciation	7	7	7	15	20	19	22	21	21	21
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	43	50	58	47	76	82	103	120	110	104
Provision for Tax	9	8	10	-1	5	10	18	16	19	15
Profit After Tax	34	42	48	47	71	73	85	104	92	88
Adjustments	-1	0	-2	-2	-2	1	-3	-2	1	0
Profit After Adjustments	34	42	47	46	69	74	82	102	92	89
Adjusted Earnings Per Share	5.9	7.3	7.4	7.3	11	11.8	13.2	16.3	14.8	14.2

Route Mobile Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	56	106	132	364	458	505	845	956	1406	2002	3569	3977
Other Income	1	1	2	3	7	5	8	12	16	20	39	42
Total Income	57	107	134	367	465	509	852	968	1422	2022	3609	4016
Total Expenditure	42	90	112	286	377	433	758	855	1231	1782	3124	3468
Operating Profit	15	17	22	81	88	76	95	113	191	240	485	549
Interest	0	1	1	1	1	7	12	6	4	7	22	26
Depreciation	1	2	3	2	5	12	17	23	26	38	82	85
Exceptional Income / Expenses	0	0	0	0	0	0	0	-15	0	0	0	0
Profit Before Tax	13	15	19	78	81	57	65	69	162	195	382	437
Provision for Tax	5	4	6	17	21	10	10	11	29	25	48	68
Profit After Tax	8	11	13	61	60	48	56	58	133	170	333	369
Adjustments	0	0	0	0	0	1	0	0	1	-4	-6	-4
Profit After Adjustments	8	11	13	61	60	49	56	58	133	166	327	365
Adjusted Earnings Per Share	0	0	0	0	0	0	0	11.7	23.1	26.4	52.4	58.5

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	78%	55%	48%	52%
Operating Profit CAGR	102%	63%	45%	42%
PAT CAGR	96%	79%	47%	45%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	17%	11%	NA%	NA%
ROE Average	19%	21%	23%	42%
ROCE Average	22%	25%	25%	53%

Route Mobile Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	17	25	33	71	127	171	223	269	652	1673	1820
Minority's Interest	0	0	0	0	1	-1	-2	-2	-3	2	8
Borrowings	0	0	0	0	3	5	5	4	3	0	44
Other Non-Current Liabilities	1	1	0	1	0	-0	-1	5	10	317	222
Total Current Liabilities	6	10	23	159	69	246	259	346	355	661	783
Total Liabilities	24	36	57	231	200	421	484	622	1017	2653	2877
Fixed Assets	6	6	7	10	33	182	170	176	193	952	953
Other Non-Current Assets	1	7	1	7	17	20	32	42	55	32	138
Total Current Assets	18	23	49	214	150	220	282	404	770	1669	1787
Total Assets	24	36	57	231	200	421	484	622	1017	2653	2877

Route Mobile Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	9	3	14	19	142	81	24	29	62	270	407
Cash Flow from Operating Activities	1	7	10	203	-60	28	23	98	222	135	73
Cash Flow from Investing Activities	-5	-5	-2	-3	-11	-130	-5	0	-226	-838	112
Cash Flow from Financing Activities	-3	-1	-3	-31	14	46	-17	-67	211	824	-108
Net Cash Inflow / Outflow	-6	1	5	168	-57	-56	1	31	207	120	78
Closing Cash & Cash Equivalent	3	4	19	187	81	24	29	62	270	407	484

Route Mobile Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	0	0	0	0	12.08	9.74	11.1	11.65	23.1	26.43	52.38
CEPS(Rs)	1.98	2.44	3	12.7	13.16	12	14.55	16.18	27.47	33.15	66.42
DPS(Rs)	10	10	10	11	0	1.5	1.5	1.5	2	5	11
Book NAV/Share(Rs)	0	0	0	0	25.39	34.19	44.57	53.88	113	263.03	286.06
Core EBITDA Margin(%)	24.48	15.61	15.25	21.4	17.65	14.24	10.3	10.54	12.44	11	12.47
EBIT Margin(%)	23.61	14.6	14.79	21.65	18.05	12.68	9.17	7.85	11.74	10.08	11.29
Pre Tax Margin(%)	23.34	14.06	14.31	21.43	17.81	11.38	7.72	7.25	11.49	9.75	10.69
PAT Margin (%)	15.08	9.97	9.49	16.77	13.2	9.41	6.57	6.09	9.44	8.5	9.33
Cash Profit Margin (%)	17.6	11.49	11.4	17.45	14.38	11.88	8.61	8.46	11.27	10.41	11.62
ROA(%)	34.72	34.78	26.83	42.34	28.02	15.31	12.27	10.53	16.2	9.27	12.05
ROE(%)	49.79	50.01	42.6	116.46	60.91	31.91	28.19	23.65	28.81	14.75	19.37
ROCE(%)	77.25	68.96	58.17	142.16	76.14	31.96	27.82	24.5	34.15	17.34	22.4
Receivable days	25.77	23.54	44.79	23.47	22.66	46.96	52.29	66.49	54.64	66.89	62.28
Inventory Days	0	0	8.84	0	0	0	0	0	0	0	0
Payable days	10.49	12.57	27.56	45.22	48.73	49.32	31.68	57.54	67.84	82.52	61.92
PER(x)	0	0	0	0	0	0	0	0	61.06	58.31	26.09
Price/Book(x)	0	0	0	0	0	0	0	0	12.48	5.86	4.78
Dividend Yield(%)	0	0	0	0	0	0	0	0	0.14	0.32	0.8
EV/Net Sales(x)	-0.12	-0.03	-0.09	-0.46	-0.09	0.06	0.04	-0.01	5.46	4.33	2.17
EV/Core EBITDA(x)	-0.46	-0.21	-0.51	-2.05	-0.48	0.41	0.35	-0.1	40.22	36.07	16.01
Net Sales Growth(%)	0	88.82	24.22	176.15	25.7	10.35	67.28	13.21	47.05	42.37	78.28
EBIT Growth(%)	0	16.76	25.85	304.12	4.82	-22.52	21.05	-3.11	119.95	22.27	99.63
PAT Growth(%)	0	24.78	18.26	387.96	-1.05	-21.31	16.8	4.86	128.09	28.11	95.85
EPS Growth(%)	0	0	0	0	-1.03	-19.4	14	4.98	98.24	14.4	98.18
Debt/Equity(x)	0.01	0.1	0.17	0	0.15	0.49	0.35	0.15	0.01	0	0.06
Current Ratio(x)	2.83	2.29	2.14	1.35	2.16	0.89	1.09	1.17	2.17	2.52	2.28
Quick Ratio(x)	2.83	2.29	2	1.35	2.2	0.89	1.09	1.17	2.17	2.52	2.28
Interest Cover(x)	86.18	26.81	30.29	99.77	73.67	9.77	6.32	13.15	46.25	30.27	18.72
Total Debt/Mcap(x)	0	0	0	0	0	0	0	0	0	0	0.01

Route Mobile Shareholding Pattern

#	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023
Promoter	65.35	65.12	59.98	59.82	59.82	58.56	58.44	58.32	58.32	58.15
FII	15.61	15.05	19.8	20.15	19.94	21.32	21.1	20.29	21.34	21.76
DII	6.01	5.89	6.65	5.8	7.03	7.17	7.22	8.15	6.81	5.51
Public	13.02	13.94	13.56	14.22	13.21	12.94	13.24	13.24	13.54	14.58
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023
Promoter	3.77	3.77	3.77	3.77	3.77	3.64	3.64	3.64	3.64	3.64
FII	0.9	0.87	1.25	1.27	1.26	1.33	1.32	1.27	1.33	1.36
DII	0.35	0.34	0.42	0.37	0.44	0.45	0.45	0.51	0.43	0.34
Public	0.75	0.81	0.85	0.9	0.83	0.8	0.82	0.83	0.85	0.91
Others	0	0	0	0	0	0	0	0	0	0
Total	5.77	5.79	6.29	6.3	6.3	6.22	6.23	6.24	6.24	6.26

Pros

Company has delivered good profit growth of 47% CAGR over last 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 21%
Debtor days have improved from 82.52 to 61.92days.
Company is almost debt free.

Cons

Stock is trading at 4.8 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.