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Last Updated on: 24 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Route Mobile Ltd

About the Company - Route Mobile Ltd

Route Mobile Ltd. is a Private Limited Listed company incorporated on 14/05/2004 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L72900MH2004PLC146323 and registration number is 146323. Currently Company is involved in the business activities of Other information service activities. Company’s Total Operating Revenue is Rs. 333.81 Cr. and Equity Capital is Rs. 62.87 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
IT Enabled Services4th Dimension, 3rd Floor, Mumbai Maharashtra 400064investors@routemobile.com
http://www.routemobile.com
Management
NamePosition Held
Mr. Sandipkumar GuptaChairman, Non Ind & Non Exe Director
Mr. Rajdipkumar GuptaManaging Director & Group CEO
Mr. Chandrakant GuptaNon Exe.Non Ind.Director
Mr. Nimesh SalotInd. Non-Executive Director
Ms. Sudha NavandarInd. Non-Executive Director
Mr. Arun GuptaInd. Non-Executive Director
Mr. Bhaskar PramanikInd. Non-Executive Director

Route Mobile Ltd. Share Price Update

Share PriceValue
Today₹1,586.40
Previous Day₹1,596.00

Basic Stock Data of Route Mobile Ltd

Market Cap 10,028 Cr.
Current Price 1,601
High / Low1,760/1,209
Stock P/E26.7
Book Value 320
Dividend Yield0.69 %
ROCE22.0 %
ROE18.7 %
Face Value 10.0

Data Source: screener.in

Competitors of Route Mobile Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Reliable Data Services Ltd 69.2 Cr. 67.084.0/49.914.8 45.40.10 %12.2 %9.81 % 10.0
Ace Engitech Ltd 6.63 Cr. 20.029.0/10.4 1.880.00 %13.0 %14.3 % 10.0
One Point One Solutions Ltd 1,298 Cr. 66.470.0/14.973.4 3.890.00 %16.9 %17.3 % 2.00
Industry Average25.61 Cr51.1329.417.060.03%14.03%13.8%7.33

Route Mobile Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales3493853623784365636267298469861,0099671,015
Expenses307340313332380502570644743861877840886
Operating Profit4245504656615685103125132127128
OPM %12%12%14%12%13%11%9%12%12%13%13%13%13%
Other Income59-14258152815114
Interest1000113447577
Depreciation776771015201922212121
Profit before tax394642435055477682103120110104
Tax %17%19%16%20%17%16%-1%6%12%17%14%17%15%
Net Profit333835344246477173851049288
EPS in Rs5.786.626.135.867.287.087.2511.0111.8413.2316.2714.8014.18

Route Mobile Ltd Quarterly Chart

Route Mobile Ltd Profit & Loss

MonthMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales3674585058459561,4062,0023,5693,976
Expenses2883754337588551,2311,7823,1243,464
Operating Profit80827287101175220445512
OPM %22%18%14%10%11%12%11%12%13%
Other Income4558-316203937
Interest117126472225
Depreciation3512172326388286
Profit before tax8081576569162195382438
Tax %22%25%17%15%16%18%13%13%
Net Profit6361485658133170333369
EPS in Rs31.3712.139.7411.3811.6523.1026.3652.3858.48
Dividend Payout %35%0%15%13%13%9%19%21%

Route Mobile Ltd Profit & Loss Yearly Chart

Route Mobile Ltd Growth

Compounded Sales Growth
10 Years:%
5 Years:48%
3 Years:55%
TTM:26%
Compounded Profit Growth
10 Years:%
5 Years:47%
3 Years:67%
TTM:39%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:11%
1 Year:37%
Return on Equity
10 Years:%
5 Years:20%
3 Years:19%
Last Year:19%

Route Mobile Ltd Balance Sheet

MonthMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital205050505058636263
Reserves50771211732195941,6101,7581,939
Borrowings0188479532016140181
Other Liabilities15855168185302350964916984
Total Liabilities2282004234876251,0222,6532,8773,167
Fixed Assets933182170176193952953951
CWIP1002010158
Investments000111213132014
Other Assets2181672413044388151,6881,8892,194
Total Assets2282004234876251,0222,6532,8773,167

Route Mobile Ltd Reserves and Borrowings Chart

Ace Engitech Ltd Cash Flow

MonthMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 203-6028239822213573
Cash from Investing Activity -35-19-13201-225-821111
Cash from Financing Activity -331846-17-67211824-108
Net Cash Flow135-61-5763220813776

Route Mobile Ltd Financial Efficiency Indicators

MonthMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days2226706378569472
Inventory Days00000000
Days Payable
Cash Conversion Cycle2226706378569472
Working Capital Days-130-14-37-5-5-16-518
ROCE %76%32%28%29%33%17%22%

Route Mobile Ltd Financial Efficiency Indicators Chart

Route Mobile Ltd Share Holding Pattern

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters65.75%65.35%65.35%65.12%59.98%59.82%59.82%58.56%58.43%58.32%58.32%58.15%
FIIs15.70%15.94%15.61%15.05%19.80%20.15%19.94%21.32%21.11%20.30%21.34%21.76%
DIIs8.22%5.77%6.02%5.89%6.65%5.80%7.03%7.18%7.21%8.15%6.81%5.50%
Public10.30%12.94%13.02%13.94%13.56%13.95%13.21%12.94%13.23%13.25%13.53%14.56%
Others0.03%0.00%0.00%0.00%0.00%0.27%0.00%0.00%0.00%0.00%0.00%0.00%
No. of Shareholders57,66098,0731,14,9291,60,7581,89,0072,09,6262,22,1522,22,0942,21,2302,18,9912,10,4911,94,987

Route Mobile Ltd Shareholding Pattern Chart

No. of Route Mobile Ltd Shareholders

Route Mobile Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
ICICI Prudential Technology Fund3187670.4349.42
UTI Small Cap Fund2888971.344.79
ICICI Prudential India Opportunities Fund2589900.2940.15
UTI Innovation Fund1277183.8719.8
ICICI Prudential MNC Fund987391.0215.31
ICICI Prudential Regular Savings Fund630830.310.18
Nippon India Nifty Smallcap 250 Index Fund178780.32.86
Motilal Oswal Nifty Smallcap 250 Index Fund102150.311.58
Axis Nifty Smallcap 50 Index Fund98840.961.53
SBI Nifty Smallcap 250 Index Fund79790.311.24

Route Mobile Ltd ROCE Trend

Route Mobile Ltd EPS Trend

Route Mobile Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)52.2927.8224.7613.8311.38
Diluted EPS (Rs.)52.2927.8224.2313.8311.38
Cash EPS (Rs.)66.4233.1527.4618.3614.55
Book Value[Excl.RevalReserv]/Share (Rs.)292.82266.36112.5353.6444.19
Book Value[Incl.RevalReserv]/Share (Rs.)292.82266.36112.5353.6444.19
Revenue From Operations / Share (Rs.)571.63318.44243.65191.25168.93
PBDIT / Share (Rs.)77.4437.9732.9322.3318.81
PBIT / Share (Rs.)64.3731.8728.4717.8015.36
PBT / Share (Rs.)61.1031.0527.9916.8213.05
Net Profit / Share (Rs.)53.3527.0523.0013.8211.10
NP After MI And SOA / Share (Rs.)52.3826.4323.1013.8311.38
PBDIT Margin (%)13.5411.9213.5111.6711.13
PBIT Margin (%)11.2610.0011.689.309.09
PBT Margin (%)10.689.7511.488.797.72
Net Profit Margin (%)9.338.499.447.226.57
NP After MI And SOA Margin (%)9.168.309.487.236.73
Return on Networth / Equity (%)17.969.9320.4425.5825.54
Return on Capital Employeed (%)19.1211.4124.6231.7533.72
Return On Assets (%)11.336.2413.0411.0311.68
Long Term Debt / Equity (X)0.020.000.010.030.02
Total Debt / Equity (X)0.050.000.010.190.34
Asset Turnover Ratio (%)0.270.280.611.001.16
Current Ratio (X)2.281.852.171.171.09
Quick Ratio (X)2.281.852.171.171.09
Dividend Payout Ratio (NP) (%)20.9818.300.0021.6813.17
Dividend Payout Ratio (CP) (%)16.7914.870.0016.3310.11
Earning Retention Ratio (%)79.0281.700.0078.3286.83
Cash Earning Retention Ratio (%)83.2185.130.0083.6789.89
Interest Coverage Ratio (X)23.6546.2668.9622.938.11
Interest Coverage Ratio (Post Tax) (X)17.2933.9649.1715.195.79
Enterprise Value (Cr.)7767.918665.737674.170.000.00
EV / Net Operating Revenue (X)2.184.335.460.000.00
EV / EBITDA (X)16.0636.3040.380.000.00
MarketCap / Net Operating Revenue (X)2.394.845.790.000.00
Retention Ratios (%)79.0181.690.0078.3186.82
Price / BV (X)4.695.7912.480.000.00
Price / Net Operating Revenue (X)2.394.845.790.000.00
EarningsYield0.030.010.010.000.00

Route Mobile Ltd Profitability Ratios (%)

Route Mobile Ltd Liquidity Ratios

Route Mobile Ltd Liquidity Ratios (%)

Route Mobile Ltd Interest Coverage Ratios (X)

Route Mobile Ltd Valuation Ratios

Fair Value / Intrinsic Value of Route Mobile Ltd

Fair Value: ₹1608.75

The stock is undervalued by 0.48% compared to the current price ₹1601

*Investments are subject to market risks

Strength and Weakness of Route Mobile Ltd

StrengthWeakness
  1. The stock has a high average ROCE of 29.63%, which is a positive sign.
  2. The stock has a low average Working Capital Days of -24.25, which is a positive sign.
  3. The company has higher reserves (726.78 cr) compared to borrowings (65.67 cr), indicating strong financial stability.
  4. The company has shown consistent growth in sales (348.89 cr) and profit (169.89 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 31.57 and average Dividend Yield of 10.27%.
  2. The stock has a high average Cash Conversion Cycle of 60.13, which may not be favorable.

Should I Buy Ace Engitech Ltd Share Now?

  • Based on the analysis of various financial indicators, it may be worth considering investment in Route Mobile Ltd:
    1. Net Profit Margin: 9.33% (Higher values are generally favorable)
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 19.12% (Industry Average ROCE: 17.03%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. Interest Coverage Ratio (Post Tax): 17.29 (Higher values, preferably > 2, are recommended)
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    4. Quick Ratio: 2.28 (Higher values, preferably > 1, are recommended)
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    5. ✓ Stock P/E: 27.1 (Industry average Stock P/E: 36.53)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    6. ✓ Total Debt / Equity: 0.05 (Lower values, preferably < 1, are preferred)
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    While these metrics suggest potential opportunity, it's essential to conduct thorough research or seek advice from financial experts before making any investment decisions.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Route Mobile Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE