Route Mobile Shares: Buy Route Mobile, Target Price Rs 1733: Centrum Broking

Centrum Broking has a call to buy on Route Mobile with a target price of Rs 1733. The current market price of Ltd. is Rs 1475.2. The period given by the analyst is one year when the price of Route Mobile Ltd. can achieve the set goal.

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.


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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Casey J. Nelson