Regarding India's digital wallet space, two names that come to everyone's mind are Mobikwik and Paytm. Both companies have a strong online presence and almost similar business trajectories. These companies offer mobile wallet services and daily support online transactions through Unified Payment Interface (UPI). However, after the demonetisation in India, the growth of Mobikwik differs from Paytm.
In terms of funding, valuation, and IPO, Paytm emerged as an industry giant and became a unicorn after its market valuation hit $10 billion. In addition, both companies offer unlisted shares for trading in the grey market. An online platform lets investors easily invest in Paytm and Mobikwik unlisted shares.
However, it is crucial to compare the financials of both companies before making an investment decision. In this blog, we will compare the financials of Mobikwik and Paytm to help you determine the best company for your investment.
Overview Of Mobikwik And Paytm
Mobikwik is a Gurgram-based digital wallet provider founded by Upasana Taku and Bipin Preet Singh in 2009. The company claims it had over 55 million active users and registered over 1 million retailers on its platform in 2017.
On the other hand, Paytm was founded in 2010 by Vijay Shekhar Sharma as a mobile recharge website under the parent company One97 Communications. Today, Paytm is one of India's leading digital payment and financial service providers. The company encourage the Indian government to initiate Digital India with its clear tagline, "Paytm
Karo." In addition, Paytm received approval from the Reserve Bank of India (RBI) to operate as a schedule bank.
Both companies have big names in India as the digital payment aggregator. In 2021, Paytm launched its IPO and got listed on the NSE and BSE. In the case of Mobikwik, an unlisted company, investors can only trade Mobikwik pre-IPO shares available in the grey market. However, the history of these brands in the fintech industry tells a different story which every investor should know.
A Tussle Between Mobikwik And Paytm
The history between Mobikwik and Paytm was not on friendly terms since their inception. Both companies have been considered rivals due to their competitive marketing and business tactics. At that time, Mobikwik took a rival shot against Paytm and raised concerns about the company's Indian credentials. It cites that most stakes in Paytm were of Alibaba's Group.
However, Paytm clarified these allegations and took a significant market share in the Indian digital wallet segment. It significantly impacted Mobikwik share and slowed down the growth of the company. Today, Paytm competes with more prominent players like Google Pay, Amazon Pay, and PhonePe and cross-sell its products and services.
Mobikwik also managed its growth over time and emerged as a preferred digital wallet provider. At the time of Paytm IPO, Mobikwik unlisted shares were affected and fluctuated in price. In the past few years, Mobikwik changed its business strategy and competed head to head with Paytm and other companies in the fintech industry.
Comparison Of Mobikwik and Paytm Financial Performance
The financial performance of Mobikwik and Paytm over the years remains outstanding in terms of revenue, profit, and other metrics. Both of the companies recorded a high number of signups on their mobile apps. Regarding active users, Mobikwik has 108 million, while Paytm surpasses 300 million. Apart from users, there are other financial metrics which you should know.
The financial performance of Mobikwik from 2017 to 2022 is as follows:
Financial Year | Revenue (in cr.) | PAT | Net Profit Ratio | Profit Margin | Asset Turnover Ratio | Debt Per Equity Ratio |
2017-2018 | 53.00 | -203 | -378% | -404% | 0.19 | 0.30 |
2018-2019 | 110 | -125 | -115% | -126% | 0.37 | 3.50 |
2019-2020 | 305 | -102 | -33% | -37% | 0.92 | -2.10 |
2020-2021 | 270 | -107 | -39% | -45% | 0.72 | -3.00 |
2021-2022 | 486 | -127 | -26% | -29% | 0.79 | 0.61 |
The financial performance of Paytm from 2017 to 2022 is as follows:
Financial Year | Revenue (in cr.) | PAT | Net Profit Ratio | Profit Margin | Asset Turnover Ratio | Debt Per Equity Ratio |
2017-2018 | 2987 | -1490 | -49% | -66% | 0.48 | 0.3 |
2018-2019 | 3049 | -3959% | -129% | -77% | 0.35 | 0.12 |
2019-2020 | 3115 | -2833% | -90% | -94% | 0.32 | 0.02 |
2020-2021 | 2667 | -1560% | -58% | -140% | 0.27 | 0.08 |
2021-2022 | 3892 | -2360% | -59% | -58% | 0.30 | 0.00 |
You can easily compare the financial metrics of Mobikwik and Paytm from the above tables. Over the years, both companies grew quickly, making it a desirable investment option. You can invest in Mobikwik unlisted shares to get long-term benefits.
Start Investing In Unlisted Shares With Stockify
After analysing the financial performance of Mobikwik and Paytm, you now have a better idea of the market positions of both the companies. You can easily buy Mobikwik unlisted shares from Stockify and diversify your investment portfolio.
Apart from Mobikwik, we also have Paytm unlisted shares, which you can easily buy with the help of experts. You will get updated Paytm and Mobikwik unlisted share prices and financial reports on our platform. Connect with us to buy unlisted shares of top-performing companies.
FAQ
1- Can I Buy Mobikwik Unlisted Shares Online?
You can buy Mobikwik pre-IPO shares online with the help of Stockify. Here you can check updated share prices, financials, and more.
2- How Can I Compare The Financials Of Mobikwik And Paytm Online?
The financials of Mobikwik and Paytm are available on Stockify. You can easily compare both companies' performance over various financial years.
3- Is It Legal To Buy Mobikwik Pre-IPO Shares In India?
Buying or selling Mobikwik unlisted shares is legal in India. You can easily start trading in unlisted shares of companies with the help of our experts.
4- What Is The Current Price Of Mobikwik Unlisted Shares In India?
Mobikwik unlisted share price today is Rs 395. To stay updated with the future share price, subscribe to Stockify.
5- Which Company Is Best For Investment Between Mobikwik And Paytm?
Both of the companies have performed well in the grey market. We advise you to compare Mobikwik and Paytm financials before making an investment decision.
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