Paytm Share: Mothilal Oswal Financial Services, Paytm-inte lakshya vila unnathiyilekku ethi. Brokerage anusarichu, company-yude contribution margin-il thudarchayayi sreshtham varunnathinaal, 'Neutral' enna ratingilekku peruttiyirikkunnu.
Mothilal Oswal Financial Services (MOSL), Paytm-inte parenrent company-aya One97 Communications-ne kurichu puthiya update irakki. Brokerage house company-kku 'Neutral' rating aanu nalkiyirikkunnath, matramalla target price 870 roopayil ninnu 1000 roopayilekku unnathi varuthi. Company-yude financial performance-il kanunna sthirathayum, bhaviyilekulla valarchayum aanu karanam. Report anusarichu, pala kshetrangalum samradhikkaanum, margin-il valarchayum undaakunnathukku lakshanam kittiyirikkunnu.
Margin-il dridatha kandu
MOSL-inte report anusarichu, Paytm-inte contribution margin, vittuvarsham 2028 vare 58 prathishatham vare ethaan sadhyathayundu. Company-yude payment business ippol sthirathayilekku pokunnu, ithinte aayathilum athi-dhairyamayi valarcha undaavunnathu kanunnund. Athinupuram, FY25 muthal FY28 vare ulla kalavadhikku, company-yude revenue-il varshathe 22 prathishatham valarcha undaavaan chanakku.
GMV-il nalla valarchayude anumaanam
Paytm-inte ecosystem thudarchayayi shakthiyerpedukayaan. Brokerage karuthunnath ennaal, merchant market-il company-yude sthanam valarunnu, ithu GMV-ye (Gross Merchandise Value) directayi badhikum. FY25 muthal FY28 vare ulla kalavadhikku, GMV-il varshathe 23 prathishatham valarchayundaakum ennu anumaanikkunnu. GMV payttam platform-vazhi etra vila-yulla saadhanangal vaangiyathum, vikatathum ennu manasilakkunnathinu sahaayakkumaan.
Loan distribution-il FLDG model-inte bhumika
Paytm-inte kadam pankuvechayirikkunna modeline kurichum MOSL-nu sradhyathayundaayirunnu. Company-yude FLDG model (First Loss Default Guarantee) loan distribution-ne uthsaahippikkum. Ithil yaathoru kadam thirichu nadathaan kazhiyunillaayirunnu engil paytm thanne athu nirathum. Ithu lending partners-inte vishwasthaatha valarthunnu, kadam pankuvechayirikkunnathil vegathayum undaakkum. FY26-ile randaam paadhiyil personal loan distribution-il ullavaka valarchakku sadhyatha undennu kanakkidunnu.
Mukhya business-il ninnu labhikkunna aayathil sreshtham
Paytm thanne mukhyamaaya business model shakthipeduthuvaan pala nadapadikal eduthirikkunnu. Digital payment, financial service pole ulla kshetrangalil company thanne puthiya maattangal anusasarisukayaan. Ithukondu company-yude aayathil sthiramaayi sreshtham varumaanennum, labhathinte nivaaram valarumaanennum brokerage sradhikkunnu.
March masathe thiramaasathe resultukal oru nokku
Company, vittuvarsham 2025-ile naalaam thiramaasathil 540 crore roopayude nashtam rekappeduthhi, athu munpe varshathe same kaalavadhikk 550 crore roopayayirunnu. Ithinte artham nashtam chila dhinam kooduthalaayi kuranjirikkunnu.
Ee thiramaasathil Paytm-inte operating revenue 1,912 crore roopayaayirunnu, ithu munpe varshathe same thiramaasathil 2,267 crore roopayayirunnu, athayath 16 prathishatham kuravu. Ennaalum thiramaasa adisthanathil nokkiyaal munpe ulla thiramaasathekkal revenue-il 5 prathishatham valarcha undaayirunnu. Q3FY25-il company-yude revenue 1,828 crore roopayaayirunnu.
Share market-il Paytm-inte pradarshanam
BSE-yil mangalazhcha Paytm-inte share 1 prathishathathe unnathathode 933.9 roopayil ethi, ennaalum karobaram avasaanikumbazhekkum ithu 0.44 prathishatham unnathathode 929 roopayil adachirunnu. Kareedaanu, moonu maasangalil Paytm-inte shares-il 16 prathishathathinu valarchayundaayi, athupole munpe oru varsham kondu ithil 125 prathishatham vare udhadhi kando. Ennaalum, varshathilekkulla adisthanathil ithil 6 prathishathathinte kuravum kandu.
Brokerage-yude vishwasthathayum, market-inte chalayum
MOSL-inte reportum, target upgrade-um kazhinjathinu shesham, Paytm-il ippol brokerage house sthirathayum, sadhyathayum kanunnu. Ennaalum, company-kku ippozhum nashtathil ninnu purath varuvaan oru prashnamundu, ennaalum eppol mukhyamaaya business model-il shakthi undaayirikkunnu, athukondu share market-il vishwasthatha kooduthalaayirikkunnu.
