BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Dolat Capital Report
One 97 Communications Ltd. has announced that its board will meet on Tuesday, Dec 13, 2022 to consider a buyback. Paytm has 649 million shares outstanding, and has net cash and investment balance of ~Rs 92 billion as of Sept-22.
We believe following factors would have led to this decision:-
business traction both on growth and profitability is trending faster than what was anticipated at the time of IPO,
annualised burn rate at current rate is less than $75 million,
to turn free cash flow positive by H1 FY24 and adjusted Ebitda positive ideally by H2 FY23 (accumulated 30% of incremental revenues into incremental Ebitda on last twelve months basis, while contribution margins stands at 44% - suggesting further room for improvement) and
lack of opportunities in organic (exited Insurance joint venture, no plans to create non-banking financial company or internal book of credit) and inorganic front.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
RECOMMENDED FOR YOU
![](https://images.assettype.com/bloombergquint/2017-09/a2055db8-7427-47fc-b970-b50616296866/Bharat Matrimony.jpg?rect=0%2C0%2C3500%2C1969&auto=format%2Ccompress&format=webp&w=75)
What Prompted Matrimony.Com's Board To Approve A Rs 72-Crore Buyback
![timelogo](/images/amp-time.png)
![](https://images.assettype.com/bloombergquint/2024-08-27/8jr3o7db/Paytm QR code for UPI payments. (Photographer_ Vijay Sartape _ Source_ NDTV Profit) 06_02_2024..jpg?rect=0%2C0%2C3500%2C1969&auto=format%2Ccompress&format=webp&w=75)
More Than 40% Consumers Use Digital Payments In Tier 3–6 Cities, Says Chase India Report
![timelogo](/images/amp-time.png)
![](https://images.assettype.com/bloombergquint/2024-01/f9973d3f-75c5-46dc-8c1f-7ecd71c483cf/Paytm_app_on_a_phone___Photo_Usha_Kunji_Source_BQ_Prime___2_.jpeg?rect=0%2C0%2C3500%2C1969&auto=format%2Ccompress&format=webp&w=75)
Zomato-Paytm Deal: A Look At Key Factors That Could Impact Business
![timelogo](/images/amp-time.png)
![](https://images.assettype.com/bloombergquint/2022-06/1b231808-4ac3-4171-a1b4-d698a488d905/rupixen_com_Q59HmzK38eQ_unsplash.jpg?rect=0%2C0%2C3500%2C1969&auto=format%2Ccompress&format=webp&w=75)
Online Vendors Create 15.8 Million Jobs In India, With 3.5 Million Positions For Women
![timelogo](/images/amp-time.png)