Route Mobile Shares: Buy Route Mobile, Target Price Rs 1733: Centrum Broking
Route Mobile Ltd., incorporated in 2004, is a small capitalization company (having a market capitalization of Rs 9279.70 Crore) operating in the service sector.
The main products/revenue segments of Route Mobile Ltd. include the sale of services for the year ending March 31, 2022.
finance
For the quarter ended 30-06-2022, the company reported consolidated total revenue of Rs 743.80 Crore, up 17.23% from last quarter, total revenue of Rs 634.48 Crore and up up 94.72% from the same quarter last year, total revenue of Rs 381.99 Crore. The company reported a net profit after tax of Rs 71.07 Crore last quarter.
Investment rationale
Transactions processed by Route grew from 20.8 billion in FY18 to 52 billion in FY22 (26% CAGR). Route has a list of reputable clients including Facebook, Google, etc. with revenues growing at a CAGR of 34% over 5 years
Promoter/Fii Holdings
The promoters held 59.82% of the company’s capital as of June 30, 2022, while the FIIs held 19.94% and the DIIs 7.03%.
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