Route Mobile Ltd.

•

routemobile.comBSE: 543228NSE: ROUTE

Market Cap₹ 3,158 Cr.

Current Price

High / Low₹ 890 / 411

Stock P/E26.2

Book Value₹ 208

Price to Book2.02

Dividend Yield2.19 %

ROCE14.0 %

ROE10.7 %

Face Value₹ 10

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ABOUT

AI Sector View

AI GENERATED

Telecommunication

Hold

Telecom operating proxies are steady, with telecom subscriber base up 11.0% YoY (2026-06) and broadband subscriber base also up 11.0% YoY (2026-06). However, persistent FPI outflows of INR -11055 crore over 3 months to 2026-08-31 suggest weak investor appetite. That combination supports a neutral rather than positive stance.

Confidence

58%

View full sector analysis →

PROS

Company has delivered good profit growth of 43.3% CAGR over last 5 years
Company is almost debt free
Operating margins have improved to 10.9% from 6.9%
Company has delivered good sales growth of 15.4% CAGR over last 5 years
Company has been maintaining a healthy dividend payout of 51.4%

CONS

Operating cash flow has been negative in recent years
A large part of profit comes from other income (62.0% of PBT)
Recent results are weak - TTM profit is down 17.9% versus prior year
Promoter holding has decreased over last 2 years: -8.3pp
Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT 0.27x)

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

TelecommunicationITIT - Software

Part ofNIFTY MICROCAP250 NIFTY TOTAL MKT

S.No.	Name
1.	TCS	2216.50	16.10	801949.10	4.96	13420.00	4.69	72275.00	13.93	66.25	25.67
2.	INFY	1031.55	13.82	418626.97	4.65	7775.00	12.29	48211.00	14.03	42.84	23.66
3.	HCLTECH	1196.80	18.64	324771.44	4.51	4626.00	20.34	34579.00	13.94	31.20	19.87
4.	WIPRO	166.15	12.45	164565.26	6.62	3356.30	0.59	24478.60	10.59	18.49	18.93
5.	TECHM	1518.60	28.98	148843.11	3.36	1486.30	31.67	15711.90	17.68	23.04	17.43
6.	LTM	4350.00	24.67	129030.27	1.72	1468.60	17.06	11608.00	17.96	30.25	17.75
7.	OFSS	11696.00	29.84	101852.43	3.42	1415.50	120.52	3125.20	68.73	45.50	60.04
8.	PERSISTENT	5500.00	45.11	86762.50	0.73	483.04	13.67	4303.23	29.09	35.09	16.19
9.	COFORGE	1843.00	46.47	81640.86	0.86	531.70	49.19	5527.70	49.86	24.70	19.14
10.	MPHASIS	2290.00	22.88	43712.72	2.71	489.51	10.82	4384.05	17.46	23.31	18.15
11.	LTTS	3377.30	27.14	35828.52	1.72	357.10	12.97	2940.10	11.47	27.70	18.65
12.	ROUTE	501.20	12.71	3157.99	2.19	685.50	1066.21	11515.10	995.81	12.99	9.16

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	146	161	174	185	208	209	206	208	183	180	186	221	198
	135	141	156	160	182	183	183	165	167	165	163	192	197
Operating Profit	11	20	18	25	26	26	24	43	16	16	23	29	1
OPM %	7.71%	12.58%	10.35%	13.48%	12.39%	12.65%	11.40%	20.81%	8.83%	8.66%	12.38%	13.20%	0.65%
	21	27	41	11	17	39	19	-5	27	33	21	30	19
Interest	1	0	1	0	0	0	0	0	0	0	0	0	0
Depreciation	4	4	4	5	4	4	4	3	4	4	3	4	4
Profit before Tax	28	42	54	31	38	61	39	35	40	44	41	55	20
Tax %	18.92%	17.20%	16.63%	25.18%	25.03%	21.29%	25.36%	25.35%	23.42%	25.67%	25.26%	25.53%	20.20%
Net Profit	23	35	45	24	28	48	29	26	30	33	30	41	16
	3.64	5.61	7.18	3.76	4.49	7.64	4.61	4.09	4.83	5.22	4.82	6.52	2.56

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	168	195	374	407	376	334	536	667	832	770	785
	133	175	359	392	346	319	499	592	713	686	716
Operating Profit	36	20	15	14	30	15	37	75	119	84	69
OPM %	21.21%	10.51%	3.95%	3.50%	8.08%	4.48%	6.86%	11.18%	14.33%	10.91%	8.80%
	40	4	4	5	12	35	90	100	70	112	103
Interest	1	1	2	3	2	2	2	2	2	1	1
Depreciation	5	6	5	6	10	15	15	17	15	14	15
Profit before Tax	70	18	13	10	30	33	110	156	172	180	160
Tax %	26.71%	37.85%	30.00%	25.16%	24.99%	16.94%	18.21%	18.93%	23.84%	25.03%	24.83%
Net Profit	52	11	9	8	22	28	90	126	131	135	121
EPS	10.32	2.19	1.79	1.51	4.06	4.65	14.39	20.12	20.80	21.39	—
Dividend Payout %	0.00%	68.54%	83.61%	99.38%	51.69%	113.24%	76.46%	54.67%	52.89%	51.42%	—

COMPOUNDED SALES GROWTH

10 Years:: 15%
5 Years:: 15%
3 Years:: 13%

COMPOUNDED PROFIT GROWTH

10 Years:: 17%
5 Years:: 43%
3 Years:: 14%

STOCK PRICE CAGR

10 Years:: —
5 Years:: -24%
3 Years:: -32%
1 Year:: -42%

RETURN ON EQUITY

10 Years:: 18%
5 Years:: 9%
3 Years:: 11%
Last Year:: 11%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	50	50	50	50	58	63	62	63	63	63
	30	34	34	24	287	1,143	1,030	1,098	1,165	1,231
	20	26	21	38	10	12	10	7	2	5
Trade Payables	10	38	93	189	191	68	104	148	371	119
	32	37	52	19	41	37	57	49	61	69
Total Liabilities	142	184	250	321	587	1,323	1,263	1,364	1,662	1,488
	17	14	11	13	37	60	54	58	47	48
Capital Work in Progress	0	0	0	0	1	0	1	0	0	0
	14	24	35	38	49	55	53	52	54	56
	0	0	0	0	0	0	161	255	253	241
Cash & Bank	50	20	9	59	322	800	511	284	651	706
	61	127	195	211	178	408	484	716	657	438
Total Assets	142	184	250	321	587	1,323	1,263	1,364	1,662	1,488

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-2	-17	34	49	97	-167	-6	18	258	-171
Cash from Investing	26	9	-9	-11	-201	-593	168	20	-67	252
Cash from Financing	14	-2	-15	-9	215	830	-209	-63	-68	-76
	16	-18	1	19	107	61	-46	-26	123	5

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	83.11	74.90	74.86	74.86	74.86	74.86	74.85	74.85	74.85
	5.75	6.65	4.73	4.45	3.60	2.98	2.73	2.49	2.40
	1.04	6.14	7.87	8.12	7.86	7.19	5.98	4.01	3.46
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Public	10.11	12.30	12.54	12.56	13.68	14.97	16.41	18.64	19.29

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-03

Change in Auditors

2026-09-03 - ROUTE MOBILE LIMITED has informed the Exchange regarding Change in Auditors of the company.

2026-09-03

Shareholders meeting

2026-09-03 - ROUTE MOBILE LIMITED has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on September 02, 2026. Further, the company has informed the Exchange regarding voting results.

2026-09-02

Shareholders meeting

2026-09-02 - ROUTE MOBILE LIMITED has informed the Exchange regarding Proceedings of Annual General Meeting held on September 02, 2026.

2026-09-01

Press Release

2026-09-01 - ROUTE MOBILE LIMITED has informed the Exchange regarding a press release dated September 01, 2026, titled "Marko Erkic appointed as CEO of Masiv."

2026-09-01

Appointment

2026-09-01 - ROUTE MOBILE LIMITED has informed the Exchange regarding Appointment of Mr Marko Erkic as Senior Management Personnel of the company w.e.f. September 01, 2026.

2026-08-11

Copy of Newspaper Publication

2026-08-11 - ROUTE MOBILE LIMITED has informed the Exchange about Copy of Newspaper Publication for dispatch of Notice of 22nd Annual General Meeting along with the Annual Report for the Financial Year 2025-26 and e-voting information.

2026-08-10

Record Date

2026-08-10 - ROUTE MOBILE LIMITED has informed the Exchange that Record date for the purpose of Final Dividend is 18-Aug-2026.

2026-08-10

General Updates

2026-08-10 - ROUTE MOBILE LIMITED has informed the Exchange about Letter to Shareholders under Regulation 36(1)(b) of SEBI (LODR) Regulations, 2015 - Annual Report and AGM Notice for FY 2025-26.

2026-08-10

Updates

2026-08-10 - ROUTE MOBILE LIMITED has informed the Exchange regarding Business Responsibility and Sustainability Report.

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