One97 Communications Limited

NSEI:PAYTM Stock Report

Market Cap: ₹538.3b

One97 Communications Valuation

Is PAYTM undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of PAYTM when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate PAYTM's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate PAYTM's fair value for valuation analysis.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for PAYTM?

Key metric: As PAYTM is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for PAYTM. This is calculated by dividing PAYTM's market cap by their current revenue.
What is PAYTM's PS Ratio?
PS Ratio6.5x
Sales₹82.79b
Market Cap₹538.29b

Price to Sales Ratio vs Peers

How does PAYTM's PS Ratio compare to its peers?

The above table shows the PS ratio for PAYTM vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average10.9x
539807 Infibeam Avenues
2.1x23.9%₹72.0b
NPST Network People Services Technologies
28.8xn/a₹57.9b
ABCAPITAL Aditya Birla Capital
1.6x16.0%₹476.8b
HUDCO Housing and Urban Development
11xn/a₹402.8b
PAYTM One97 Communications
6.5x15.8%₹538.3b

Price-To-Sales vs Peers: PAYTM is good value based on its Price-To-Sales Ratio (6.5x) compared to the peer average (10.9x).

Price to Sales Ratio vs Industry

How does PAYTM's PS Ratio compare vs other companies in the IN Diversified Financial Industry?

19 CompaniesPrice / SalesEstimated GrowthMarket Cap
ABCAPITAL Aditya Birla Capital
1.6x16.0%US$5.64b
AGSTRA AGS Transact Technologies
0.7xn/aUS$114.43m
530499 A. K. Capital Services
1.6xn/aUS$94.75m
530585 Swastika Investmart
2xn/aUS$31.59m
PAYTM 6.5xIndustry Avg. 10.0xNo. of Companies22PS0816243240+
19 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: PAYTM is good value based on its Price-To-Sales Ratio (6.5x) compared to the Indian Diversified Financial industry average (10x).

Price to Sales Ratio vs Fair Ratio

What is PAYTM's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

PAYTM PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio6.5x
Fair PS Ratio4.2x

Price-To-Sales vs Fair Ratio: PAYTM is expensive based on its Price-To-Sales Ratio (6.5x) compared to the estimated Fair Price-To-Sales Ratio (4.2x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst PAYTM forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₹845.40
₹657.88
-22.2%
32.4%₹1,000.00₹325.00n/a17
Nov ’25₹761.85
₹615.88
-19.2%
30.6%₹960.00₹325.00n/a17
Oct ’25₹731.35
₹474.06
-35.2%
24.1%₹750.00₹325.00n/a16
Sep ’25₹621.90
₹450.63
-27.5%
20.2%₹630.00₹325.00n/a16
Aug ’25₹496.85
₹491.53
-1.1%
41.3%₹1,226.00₹325.00n/a17
Jul ’25₹411.85
₹485.12
+17.8%
50.0%₹1,226.00₹300.00n/a17
Jun ’25₹360.75
₹482.18
+33.7%
50.7%₹1,226.00₹275.00n/a17
May ’25₹372.40
₹586.06
+57.4%
38.6%₹1,226.00₹275.00n/a16
Apr ’25₹406.05
₹614.47
+51.3%
35.5%₹1,226.00₹275.00n/a15
Mar ’25₹423.45
₹644.80
+52.3%
38.5%₹1,226.00₹275.00n/a15
Feb ’25₹609.00
₹815.44
+33.9%
26.9%₹1,226.00₹450.00n/a16
Jan ’25₹646.10
₹994.19
+53.9%
14.1%₹1,320.00₹830.00n/a16
Dec ’24₹870.65
₹1,153.25
+32.5%
13.9%₹1,400.00₹830.00n/a16
Nov ’24₹913.35
₹1,151.56
+26.1%
14.1%₹1,400.00₹830.00₹761.8516
Oct ’24₹857.70
₹1,029.60
+20.0%
11.9%₹1,250.00₹800.00₹731.3515
Sep ’24₹857.40
₹1,032.27
+20.4%
12.2%₹1,250.00₹800.00₹621.9015
Aug ’24₹787.20
₹1,036.15
+31.6%
12.5%₹1,250.00₹800.00₹496.8513
Jul ’24₹867.85
₹977.00
+12.6%
15.1%₹1,250.00₹750.00₹411.8512
Jun ’24₹701.95
₹957.00
+36.3%
16.3%₹1,250.00₹750.00₹360.7512
May ’24₹653.60
₹915.27
+40.0%
19.9%₹1,260.00₹695.00₹372.4011
Apr ’24₹636.80
₹915.10
+43.7%
20.2%₹1,250.00₹695.00₹406.0510
Mar ’24₹608.25
₹948.73
+56.0%
21.7%₹1,285.00₹695.00₹423.4511
Feb ’24₹523.85
₹916.82
+75.0%
31.9%₹1,400.00₹450.00₹609.0011
Jan ’24₹531.00
₹915.00
+72.3%
31.9%₹1,400.00₹450.00₹646.1011
Dec ’23₹501.05
₹915.00
+82.6%
31.9%₹1,400.00₹450.00₹870.6511
Nov ’23₹642.90
₹910.73
+41.7%
31.3%₹1,400.00₹450.00₹913.3511

Analyst Forecast: Target price is lower than the current share price.

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