Paymate India Limited Unlisted Shares

DRHP Status : Not Filed

Trending

470

Fundamentals About Paymate India Limited

Current Price 470

Market Cap 2739.33 Cr

ISIN INE08J501021

Face Value 0

P/E Ratio N/A

EPS 0.36

P/B Ratio 154.22

Book Value 3.08

Debt to Equity Ratio 0.21

Downloads & Investor Documents

All documents are provided for informational purposes and are subject to regulatory disclosures.

Key Financials of Paymate India Limited

P&L Statement	2021	2022	2023
Revenue	348	1209	1350
Cost of Material Consumed	348	1207	1339
Change in Inventory	0	0	0
Gross Margins	0	0.17	0.81
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	2
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	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
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
Fixed Assets	5	3	2
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
Share Capital	141.4	5.741	5.767
FV	1	1	1
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

About Company

PayMate India Limited, established in 2006, is a leading B2B digital payments company providing a cloud-based platform for enterprise/SME vendor payments, invoice management, and automation. Backed by Visa, it operates in India and the CEMEA region, holding a strong position in the Fintech sector.

The following table shows a 10-point analysis of Paymate India Limited. We will discuss each point in detail after this table.

Parameter	Key Numbers	Insights
Business Overview	Incorporated 2006	A B2B payments platform focused on enterprise and SME transactions.
Industry	Fintech · B2B Payments	Operates in digital payments and financial infrastructure.
Core Services	Payables · receivables · card payments · APIs	Full-stack payment automation solutions.
Client Base	3.9 lakh+ users	Includes enterprises, SMEs, and financial institutions
Revenue	₹1,351 Cr (FY23)	Continued growth with increasing adoption
Profitability	Loss-making	Losses reduced but still negative
TPV	₹84,519 Cr (FY23)	Strong transaction volume growth
Business Model	Transaction + SaaS	Revenue from payment processing and enterprise solutions
Global Presence	India + international markets	Focus on APAC expansion
Outlook	High-growth fintech space	Driven by the digitisation of B2B payments

Company Overview

(i) Paymate India Limited is a B2B digital payments platform that enables businesses to automate and digitise their payables, receivables, and working capital flows.

(ii) Founded in 2006, the company provides enterprise-grade payment solutions including card-based payments, invoice automation, and API-led integrations for financial institutions and corporations.

(iii) Its platform supports large enterprises, SMEs, and financial institutions, helping them streamline supply chain payments and improve cash flow management.

(iv) The company operates on a transaction-led business model, generating revenue through payment processing fees, platform usage, and value-added financial services.

(v) Paymate has expanded beyond India, focusing on APAC and cross-border payment solutions, strengthening its global presence.

Challenges in Paymate India Limited’s Business

Continued losses: Despite revenue growth, the company has remained loss-making, impacting profitability visibility.
Regulatory risks: Changes in RBI regulations and payment ecosystem rules can affect operations.
High operating costs: Transaction processing costs form a large portion of expenses.
Business restructuring risks: Strategic shifts in geography and operations can impact growth consistency.

Financial Review of Paymate India Limited

Here are some highlights of the financial performance of Paymate India Limited over the past few years.

FY25 Performance

• Revenue from operations stood at ₹740 crore
• EBITDA remained negative with an improving trend
• Profit after tax reported at a loss of ₹108 crore
• Margins remained under pressure due to scale and costs

FY24 Performance

• Revenue from operations stood at ₹708 crore
• EBITDA remained negative
• Profit after tax reported at a loss of ₹91 crore
• Slight improvement in cost structure vs FY23

FY23 Performance

• Revenue from operations stood at ₹1,351 crore
• Total payment volume reached ₹84,519 crore
• Profit after tax reported at a loss of ₹55.7 crore
• Strong growth in customer adoption and enterprise base

Quick Summary

Paymate India Limited is a fast-growing B2B fintech platform operating in the digital payments ecosystem. While the company has demonstrated strong growth in transaction volumes and revenue, it continues to face profitability challenges and regulatory risks, making it a high-growth but high-risk unlisted investment.

Click here to visit the official website of Paymate India Limited.