One 97 Communications Limited (PAYTM) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of One 97 Communications Limited ₹242, price ₹1,775, upside -86.4%, quality 52 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Structural break:
The valuation model sees a lasting decline in earnings power for this stock, the confidence band is broken. Treat the target with caution.
Stretched ValuationStrong overvaluation with only moderate quality.
!Fair value ₹241.68 · Strongly overvalued (−86%)
!Quality 52/100
!Expensive Growth(revenue 5y +24.7 %/yr)
!Thin margins · 6.6% net margin (TTM)
!Low debt · negative free cash flow
!Trails peers(4/11)
!Narrow moat30/100
!Insider activity40/100
!Evidence only low, so the estimate is less certain
Watch One 97 Communications Limited for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card.Watch for freePro now: $1 first month
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
58‑month range ₹317.15 – ₹1,850 · fair‑value band ₹181.26 – ₹302.10 · the ₹1,775 price screens above the ₹241.68 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
Follow One 97 Communications in your weekly email
Every Wednesday you see whether One 97 Communications is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
One97 Communications Limited provides payment, commerce and cloud, and financial services to consumers and merchants in India, the United Arab Emirates, Saudi Arabia, and Singapore.
Show more
One97 Communications Limited provides payment, commerce and cloud, and financial services to consumers and merchants in India, the United Arab Emirates, Saudi Arabia, and Singapore. The company offers payment and financial services, including payment facilitator services, facilitation of consumer and merchant lending to consumers and merchants, wealth management, etc. It also provides marketing services consist of aggregators for digital products, the ticketing business, the provision of voice and messaging platforms to telecom operators, enterprise customers and other businesses, etc. In addition, the company offers mobile recharge; bill payments, such as utility bills, education and money transfers on the app, online payment gateways, as well as offline payment solutions to merchants through QR codes, soundbox, and card machines. Further, it provides digital distribution of credit, insurance, mutual funds distribution, and equity broking services; other services, including ticketing, deals and gift vouchers and advertising services for merchants; and distributes credit cards. Additionally, the company offers lending and wealth management for consumers and merchants; loyalty solutions; and operates a technology platform for origination, loan management, and collection for credit access. One97 Communications Limited was incorporated in 2000 and is headquartered in Noida, India.
Stock analysis
One 97 Communications Limited (PAYTM) currently trades at ₹1,775, while our model-based Fair Value estimate is ₹241.68, implying the stock looks roughly 634.2% overvalued today.
Show more
Valuation
Bull case: the Growth Earnings group reads highest at a median of ₹299.19 per share, and 0 of the 10 models we run sit above the ₹1,775 price.
Bear case: the Multiples group reads lowest at ₹146.73, and 10 of the 10 models stay below the price. Evidence for this calculation is low.
Scenario range: ₹181.26 (bear) to ₹302.10 (bull), the price of ₹1,775 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 52/100 (solid quality), in the Technology sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
One 97 Communications Limited reported revenue of ₹84.4B in FY2026 versus ₹49.6B in FY2022, a compound +14.2%/yr. Reported net income was ₹5.5B in FY2026.
Key figures
Market cap ₹1.1T (≈ $11.9B) · P/E ratio 206.6 · P/S ratio 13.5 · EPS (TTM) ₹8.59 · Net margin 6.6% · Return on equity 3.6% · Return on assets (EBIT) −8.8% · Revenue (TTM) ₹84.4B.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 39 out of 100 (low confidence).
What moves the price
The last reported earnings sit well below what analysts expect (earnings in transition, for example after write-downs or an earnings dip); whether the stock is cheap or expensive hinges on the expected recovery actually arriving. Read the fair value with that caveat.
The share trades about 4% below its 52-week high and 85% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −19% fair-value upside, at −86%, PAYTM screens richer than that median.
Fair Value models
Bear ₹181.26Fair Value ₹241.68Bull ₹302.10
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2026 figures (about 6 months old). Earnings retained since then (₹4.17 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.52/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+25.2%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+2.2%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+24.7%
Start year 2021 (pandemic)
Revenue growth 9 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+33.8%
’17
’18
’19
’20
’21
’22
’23
’24
’25
’26
Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
−68.8% (2021) → −0.5% (2026)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: no profitable base year
Compare One 97 Communications Limited with another stock
Price, fair value, quality and upside side by side.
Free, no sign-up
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Software - Infrastructure · 376 stocks
Beats the industry median on 3/10 measures
Overall it trails its industry peers.
Valuation
Quality Score52 · Above median
Fair Value upside−86% · Bottom 25%
Profitability
Return on equity (TTM)4% · Below median
Return on assets0% · Below median
Net margin (TTM)7% · Above median
Operating margin (TTM)0% · Below median
Growth and dividend
Revenue growth18% · Above median
Valuation Multiplesvs Software - Infrastructure median · lower = cheaper
P/E (TTM)206.6× · Priciest 25%
P/B7.16× · Priciest 25%
P/S (TTM)13.61× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 20
FUTURE (revenue growth)92· sector 49
PAST (return on equity)14· sector 19
HEALTH (low debt)100· sector 97
DIVIDEND (yield)0· sector 33
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is One 97 Communications Limited (PAYTM) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of ₹241.68 versus a price of ₹1,775, about −86% upside (overvalued).
What is the fair value of PAYTM?
Our model-based fair value for One 97 Communications Limited is ₹241.68 (as of Sep 24, 2026), built from audited fundamentals. The current price: ₹1,775.
What is the quality score of PAYTM?
One 97 Communications Limited has a Quality Score of 52/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for One 97 Communications Limited (PAYTM)?
Our model-based price target is the fair value of ₹241.68 (as of Sep 24, 2026) from 10 valuation models. Cautious scenario ₹181.26, optimistic scenario ₹302.10. It is a calculation from audited fundamentals, not an analyst target.
What is the One 97 Communications Limited stock forecast for 2026?
Our models put fair value at ₹241.68, about −86% upside versus a price of ₹1,775 (overvalued). Cautious scenario ₹181.26, optimistic scenario ₹302.10. The calculation is refreshed regularly with new filings.
What is the revenue of One 97 Communications Limited (PAYTM)?
One 97 Communications Limited reported trailing-twelve-month revenue of about ₹84.4B (latest available figure, as of Sep 24, 2026).
What is the intrinsic value of One 97 Communications Limited (PAYTM)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For One 97 Communications Limited it is ₹241.68 per share (as of Sep 24, 2026), against a price of ₹1,775. It is the blended result of 10 valuation models (cash flow, earnings, asset, dividend).
Is One 97 Communications Limited stock overvalued or undervalued in 2026?
As of Sep 24, 2026, PAYTM trades above its calculated fair value: price ₹1,775, fair value ₹241.68, a gap of about −86% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of PAYTM?
No. The price is what the market pays today (₹1,775); the fair value is what the company's own numbers justify (₹241.68). For One 97 Communications Limited the two are ₹1,533 per share apart. That gap is exactly why we show both numbers side by side.
How much is One 97 Communications Limited worth?
The market values One 97 Communications Limited at about ₹1.1T (market capitalisation, as of Sep 24, 2026). Per share that is ₹1,775; our models calculate a fair value of ₹241.68 per share.
What do the bullish and bearish scenarios say about PAYTM?
Our models span a range for One 97 Communications Limited: cautious scenario ₹181.26, base ₹241.68, optimistic ₹302.10 per share (as of Sep 24, 2026, price ₹1,775). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of PAYTM?
One 97 Communications Limited trades at a price-to-earnings ratio of 206.6 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹241.68 is built from several models across several years. Other multiples: P/B 7.2, P/S 13.6.
How solid is the balance sheet of One 97 Communications Limited (PAYTM)?
Balance-sheet figures for One 97 Communications Limited (as of Sep 24, 2026): return on equity 3.6%. They feed the Quality Score of 52/100, which measures business quality independently of the share price.
How far is PAYTM from its 52-week high?
One 97 Communications Limited trades at ₹1,775, about 4% below its 52-week high of ₹1,850 and 85% above the low of ₹959.00 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of ₹241.68 is for.
Which stocks are comparable to One 97 Communications Limited?
From the same area (Technology) we also value Microsoft Corporation, Oracle Corporation, Palantir Technologies Inc, Palo Alto Networks, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is One 97 Communications Limited stock attractive at the current price?
The data as of Sep 24, 2026: price ₹1,775, calculated fair value ₹241.68 (−86%), Quality Score 52/100, from 10 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of PAYTM calculated?
We run One 97 Communications Limited through 10 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹241.68, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.1 % above its aggregate fair value. One 97 Communications Limited itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of One 97 Communications Limited (PAYTM)?
The closing price on Sep 23, 2026 was ₹1,775. Our model-based fair value is ₹241.68, about −86% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with One 97 Communications Limited right now?
The price sits above even our optimistic bull case (₹302.10). The favourable scenario is already priced in. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (52/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of One 97 Communications Limited
How large is the market capitalisation of One 97 Communications Limited (PAYTM)?
The market capitalisation of One 97 Communications Limited is ₹1.1T (≈ $11.9B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of One 97 Communications Limited (PAYTM)?
The price-to-sales ratio of One 97 Communications Limited is 13.5 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of One 97 Communications Limited (PAYTM)?
Earnings per share at One 97 Communications Limited are ₹8.59 (price ÷ EPS = P/E 206.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of One 97 Communications Limited (PAYTM)?
The net margin of One 97 Communications Limited is 6.6% (fiscal year 2026). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of One 97 Communications Limited (PAYTM)?
The return on equity (ROE) of One 97 Communications Limited is 3.6% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of One 97 Communications Limited (PAYTM)?
On an EBIT basis the return on assets of One 97 Communications Limited is −8.8% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
How fast is revenue growing at One 97 Communications Limited (PAYTM)?
Revenue at One 97 Communications Limited is growing +18.4% versus a year earlier (3y avg +2.2%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at One 97 Communications Limited (PAYTM)?
Earnings per share at One 97 Communications Limited are growing −97.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does One 97 Communications Limited (PAYTM) generate?
The free cash flow of One 97 Communications Limited is −₹86.7B (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does One 97 Communications Limited (PAYTM) hold?
One 97 Communications Limited holds more cash than debt, ₹129B net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
Free · no account needed
Watch One 97 Communications Limited in the live analysis
One click puts One 97 Communications Limited on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
