MOS Utility Q4 FY24 Share Price & Earnings Call Analysis
- Market cap
- ₹205 Cr
- P/E
- 11.34
- ROE
- 18.79%
- PEG
- 0.10
- Price to sales
- 0.30
- Debt to equity
- 0.67
- 52W high / low
- ₹25.0 / ₹5.35
- EBITDA margin
- 4.52%
- Net profit margin
- 2.92%
- Promoter holding
- 36.23%
- Sales (last year)
- ₹626 Cr
Incorporated in 2009, MOS Utility Ltd is a fintech company which offers a Unified Open API and Wallet platform[1]
Guidance scorecard · Q4 FY24 call
What MOS Utility Ltd's management guided
and where it ranks in Financial Technology (Fintech)
RevenueQ4 FY24 call
40%+- The company plans to increase its agent network 3x to 5x within the next 2 years, which will drive significant business growth.
- New mandates such as from Bank of India to open 2,000 additional branches are expected to boost sales and revenue.
- Continuous addition of banking and financial services, mutual funds, and travel-related services will diversify and expand income streams.
- The ramp-up of new services involves a 6-month pilot phase, followed by aggressive growth, with commercial revenue expected within one year of launch.
- The company foresees scalable volume growth limited only by working capital and technology capacity expansions.
- Acquisitions contribute 30-40% to EBITDA and PAT, supporting growth trajectory.
2 more points from MOS Utility Ltd's call on revenue
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MarginsQ4 FY24 call
FlatSee what MOS Utility Ltd said on margins — free account, 30 seconds.
CapexQ4 FY24 call
Planned- MOS Utility plans to invest in technology upgrade and working capital to support business growth, especially as volume increases.
- Capex is ongoing and required on a rolling basis, mainly to enhance server capacity and platform scalability.
- No factory-type machinery investments are needed; focus is on IT infrastructure upgrades.
- Annual IT spend is approximately INR 2 crores, covering salaries and hardware.
- Future expansion includes increasing the agent network 3x to 5x over the next 2-3 years, requiring additional capex and working capital.
2 more points from MOS Utility Ltd's call on capex
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FundraisingQ4 FY24 call
None plannedSee what MOS Utility Ltd said on fundraising — free account, 30 seconds.
Order bookQ4 FY24 call
- The company is actively scaling by adding more agents and increasing service offerings (e.g., courier services, mutual funds).
- New services such as digital courier bookings are expected to grow from 300-400 bookings per day to 30,000-40,000 per month within a year.
- The company focuses on rolling upgrades and capacity building rather than factory-style capex, indicating an ongoing pipeline of work rather than a fixed order backlog.
Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Financial Technology (Fintech)
on management's own guidance
- Strong growth2
- Strong growth1
- One 97 Communications LtdGood growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Financial Technology (Fintech) companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Up 2%+ | ₹3,847 Cr | 86.1 | |
| 2 | 40%+ | Flat | ₹4,826 Cr | 16.3 | |
| 3 | One 97 Communications Ltd | 20–40% | Flat | ₹1.05L Cr | 129.3 |
| 4 | 20–40% | Flat | ₹19,058 Cr | 147.3 | |
| 5 | 20–40% | Flat | ₹7,659 Cr | 26.5 | |
| 6 | 20–40% | Flat | ₹1,808 Cr | 614.7 |
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Pro shows every company guiding 40%+ revenue growth →Full Financial Technology (Fintech) rankingFinancials of MOS Utility Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of MOS Utility Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Sales + | 133.08 | 175.17 | 159.84 | 155.97 | 166.08 | 153.35 |
| Expenses + | 127.17 | 167.49 | 154.41 | 148.48 | 159.44 | 145.71 |
| Operating Profit | 5.91 | 7.68 | 5.43 | 7.49 | 6.64 | 7.64 |
| OPM % | 4.44% | 4.38% | 3.40% | 4.80% | 4.00% | 4.98% |
| Other Income + | 0.11 | 1.72 | 1.21 | 1.90 | 1.40 | 1.43 |
| Interest | 0.94 | 0.55 | 0.32 | 1.73 | 0.97 | 1.17 |
| Depreciation | 0.81 | 1.78 | 1.27 | 1.27 | 1.19 | 1.07 |
| Profit before tax | 4.27 | 7.07 | 5.05 | 6.39 | 5.88 | 6.83 |
| Tax % | 28.81% | 35.79% | 18.81% | 19.41% | 25.85% | 28.11% |
| Net Profit + | 3.05 | 4.54 | 4.11 | 5.15 | 4.36 | 4.91 |
| EPS in Rs | 0.11 | 0.17 | 0.16 | 0.17 | 0.19 | 0.18 |
Financials of MOS Utility Ltd
Profit & Loss
Annual income statement trend
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Sales + | 106 | 187 | 616 | 635 |
| Expenses + | 99 | 175 | 596 | 608 |
| Operating Profit | 7 | 12 | 20 | 27 |
| OPM % | 7% | 6% | 3% | 4% |
| Other Income + | 4 | 6 | 4 | 6 |
| Interest | 1 | 1 | 1 | 4 |
| Depreciation | 2 | 2 | 4 | 5 |
| Profit before tax | 7 | 15 | 19 | 24 |
| Tax % | 22% | 19% | 29% | 23% |
| Net Profit + | 6 | 12 | 14 | 19 |
| EPS in Rs | 0.30 | 0.45 | 0.50 | 0.70 |
| Dividend Payout % | 0% | 0% | 0% | 0% |
Financials of MOS Utility Ltd
Balance Sheet
Capital structure and asset base
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Equity Capital | 19 | 25 | 25 | 51 |
| Reserves | 7 | 50 | 62 | 55 |
| Borrowings + | 8 | 5 | 19 | 71 |
| Other Liabilities + | 18 | 26 | 45 | 41 |
| Total Liabilities | 52 | 106 | 151 | 219 |
| Fixed Assets + | 9 | 19 | 31 | 27 |
| CWIP | 3 | 2 | 0 | 0 |
| Investments | 12 | 14 | 6 | 0 |
| Other Assets + | 29 | 70 | 114 | 192 |
| Total Assets | 52 | 106 | 151 | 219 |
Financials of MOS Utility Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Cash from Operating Activity + | 4 | -14 | 37 | -4 |
| Cash from Investing Activity + | -9 | -14 | -29 | -2 |
| Cash from Financing Activity + | 5 | 34 | 13 | 7 |
| Net Cash Flow | 1 | 6 | 21 | 1 |
| Free Cash Flow | 4 | -24 | 33 | -13 |
| CFO/OP | 73% | -98% | 209% | 5% |
Financials of MOS Utility Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Debtor Days | 14 | 18 | 3 | 2 |
| Inventory Days | ||||
| Days Payable | ||||
| Cash Conversion Cycle | 14 | 18 | 3 | 2 |
| Working Capital Days | 48 | 67 | 15 | -2 |
| ROCE % | 17% | 19% | 20% |
Continue your research
What MOS Utility Ltd's management said in earlier quarters
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