PayMate India Limited is a prominent business-to-business (B2B) digital payments and financial services company headquartered in Mumbai, India. Established in May 2006, it was initially recognized as India's first mobile payments provider, enabling consumers to make various payments through their mobile phones, including online purchases and utility bills. Over time, PayMate transitioned its focus from consumer to business payments, particularly automating payables and receivables for enterprises and small to medium-sized enterprises (SMEs) across supply chains.
| P&L Statement | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Revenue | 348 | 1209 | 1350 | - |
| Cost of Material Consumed | 348 | 1207 | 1339 | - |
| Gross Margins | 0 | 0.17 | 0.81 | - |
| Change in Inventory | 0 | 0 | 0 | - |
| Employee Benefit Expenses | 12 | 50 | 50 | - |
| Other Expenses | 3 | 7 | 15 | - |
| EBITDA | -15 | -55 | -54 | - |
| OPM | -4.31 | -4.55 | -4 | - |
| Other Income | 1 | 0.3 | 1.4 | - |
| Finance Cost | 0 | 0.2 | 0.5 | - |
| D&A | 2 | 2 | 2002 | - |
| EBIT | -17 | -57 | -56 | - |
| EBIT Margins | -4.89 | -4.71 | -4.15 | - |
| PBT | -16 | -58 | -56 | - |
| PBT Margins | -4.6 | -4.8 | -4.15 | - |
| Tax (2021) | 0 | 0 | 0 | - |
| PAT | -16 | -58 | -56 | - |
| NPM | -4.6 | -4.8 | -4.15 | - |
| EPS | -0.11 | -10.1 | -9.71 | - |
| Financial Ratios | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Operating Profit Margin | -4.31 | -4.55 | -4 | - |
| Net Profit Margin | -4.6 | -4.8 | -4.15 | - |
| Earning Per Share (Diluted) | -0.11 | -10.1 | -9.71 | - |
| Assets | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Fixed Assets | 5 | 3 | 2002 | - |
| CWIP | 0 | 0 | 0 | - |
| Investments | 0 | 0 | 0 | - |
| Trade Receivables | 28 | 6 | 0.5 | - |
| Inventory | 0 | 0 | 0 | - |
| Other Assets | 24 | 52 | 57.5 | - |
| Total Assets | 57 | 61 | 60 | - |
| Liabilities | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Share Capital | 141.4 | 5.741 | 5.767 | - |
| FV | 1 | 1 | 2001 | - |
| Reserves | -122 | 40 | 11 | - |
| Borrowings | 0 | 0 | 3.5 | - |
| Trade Payables | 33 | 3 | 20 | - |
| Other Liabilities | 4.6 | 12.4 | 18.9 | - |
| Total Liabilities | 57 | 61.14 | 59.17 | - |
| Cash-Flow Statement | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| PBT | -16 | -58 | -56 | - |
| OPBWC | -15 | -30 | -36 | - |
| Change in Receivables | -24 | -5 | 5 | - |
| Change in Inventories | 0 | 0 | 0 | - |
| Change in Payables | 30 | -2 | 19 | - |
| Other Changes | 2.04 | -20 | -1 | - |
| Working Capital Change | 8.04 | -27 | 23 | - |
| Cash Generated From Operations | -6.96 | -57 | -13 | - |
| Tax | 0 | -5 | -0.5 | - |
| Cash Flow From Operations | -6.96 | -62 | -13.5 | - |
| Purchase of PPE | -0.01 | 0.3 | -0.3 | - |
| Sale of PPE | 0 | 0 | 0 | - |
| Cash Flow From Investment | 0.38 | 0.6 | 0.2 | - |
| Borrowing | 0 | 0 | 3.5 | - |
| Divided | 0 | 0 | 0 | - |
| Equity | 0 | 62.7 | 9.9 | - |
| Others From Financing | 0 | -0.7 | -1 | - |
| Cash Flow from Financing | 0 | 62 | 12.4 | - |
| Net Cash Generated | -6.58 | 0.6 | -0.9 | - |
| Cash at the Start | 16.45 | 3 | 1.5 | - |
| Cash at the End | 9.87 | 3.6 | 0.6 | - |
| Shareholding Pattern | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Promoters | 67.12% | 57.66% | 57.27% | - |
| Public | 32.88% | 42.34% | 42.73% | - |
