Route Mobile Limited (ROUTE)

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Route Mobile Limited (ROUTE) · mywealthgrid

About

Route Mobile operates in Other Telecom Services (Communication Services sector). Market cap ₹3,183 Cr, consolidated quarterly revenue ₹1,100 Cr, serving enterprise customers. Zero-debt balance sheet, regular dividends.

Face value: ₹10

Market cap

₹2,749 Cr

P/E

11.1×

P/B

1.0×

Dividend yield

3.2%

ROE

9.2%

ROCE

18.4%

Debt / equity

OPM

12.2%

EPS (TTM)

₹39.4

Book value

₹439.6

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Sep 2025 consolidated net loss ₹18.83 Cr despite 12.14% OPM signals material non-operational charges — verify one-time vs recurring
Standalone segment margin fell to 2.81% Jun 2026 from 12-13% historical — verify permanent deterioration vs temporary weakness
ROE 9.19% and 42% YoY stock decline (₹905→₹505.25) — verify if valuation reflects business challenges and capital efficiency
Regulatory risk in Indian telecom — verify exposure to policy changes impacting profitability or model

Generated analysis · source review pending

Growth drivers

Zero debt (D/E = 0) enables capacity expansion or M&A without balance sheet strain
Consolidated OPM 12-13% in recent quarters (Dec 2025: 13.22%, Mar 2026: 12.05%) shows efficiency to support profit growth as revenue scales
Regular quarterly dividends signal cash generation; verify sustainability and whether retained earnings fund growth
Consolidated quarterly revenue ₹1,100+ Cr provides scale — verify growth trajectory and whether new contracts or services drive expansion

Generated analysis · source review pending

1,487 historical price candles were omitted because the exchange source has not been verified.

₹436.4-2.4%1Y

Quick read

rule-based

Pros

+Revenue CAGR of 25.7% over the last 5 years
+Almost debt-free (debt/equity 0)
+Comfortable interest coverage of 46.2×
+Dividend yield of 3.2%
+Dividend payout of 35.5% of profit
+High promoter holding of 74.9% with no pledge

Cons

No red flags triggered.

Research score

Structured signal from quality, growth, valuation and momentum.

63/100

Business quality: 57
Growth: 35
Valuation

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Part ofNIFTY MICROCAP 250 NIFTY TOTAL MARKET

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Railtel Corporation Of India LimitedRAILTELRAILTEL	₹8,254 Cr	₹8,254 Cr	₹2,054 Cr	₹347 Cr	19.3%	₹202 Cr	9.6%	15%	11.9%	64
Route Mobile LimitedROUTEROUTE	₹2,749 Cr	₹2,749 Cr	₹4,509 Cr	₹524 Cr	12.2%	₹248 Cr	5.8%	18.4%	9.2%	22
Stl Networks LimitedSTLNETWORKSTLNETWORK	₹2,303 Cr	₹3,230 Cr	₹945 Cr	₹43 Cr	4%	₹-99 Cr	-10.3%	0.9%	-12.4%	-504
Gtl LimitedGTLGTL	₹107 Cr	₹5,736 Cr	₹198 Cr	₹24 Cr	26%	₹793 Cr	-3.3%	—	—	—
Steelman Telecom LtdSTMLSTML	₹73 Cr	—	₹188 Cr	₹23 Cr	12%	₹9 Cr	4.9%	—	—	—
Nettlinx LtdNETTLINXNETTLINX	₹33 Cr	₹39 Cr	₹21 Cr	₹1 Cr	4.3%	₹-5 Cr	-24.7%	0.8%	-8.4%	326

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	1,406	2,002	3,569	4,023	4,576	4,408
COGS	1,129	1,583	2,783	3,163	3,625	3,401
Gross profit	277	420	787	861	951	1,007
	103	201	343	349	423	470
	174	219	444	511	528	537
OPM %	12.4%	10.9%	12.4%	12.7%	11.5%	12.2%
Depreciation	26	38	82	86	89	92
Interest	3	5	20	27	41	11
	16	20	39	57	28	-82
Profit before tax	162	195	382	455	426	353
Tax	29	25	48	66	92	96
Tax %	17.8%	12.9%	12.7%	14.6%	21.6%	27.2%
	133	170	333	389	334	257
PAT margin %	9.4%	8.5%	9.3%	9.7%	7.3%	5.8%
EPS (₹)	24.8	27.8	52.3	60	50.7	37.9
EPS adjusted (₹)	23.1	26.4	52.4	61.9	50.6	37.9
	8.1%	18%	21%	18.3%	21.7%	29%
Annual report	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	Annual report for Mar 2026

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	58	63	62	63	63	63
Reserves	—	1,610	1,758	2,087	2,369	2,707
Minority interest	—	2	8	21	32	52
	—	0	106	350	441	0
	—	984	951	951	921	735
Total equity & liabilities	—	2,659	2,885	3,472	3,826	3,556
	193	952	954	898	818	890
CWIP	—	0	0	0	0	2
Investments	—	13	20	15	16	17
	—	1,693	1,911	2,559	2,992	2,648
Total assets	—	2,659	2,885	3,472	3,826	3,556

Segment results

As reported in NSE results XBRL. Segment result is before tax and finance costs. ROCE uses that annual result divided by segment assets less liabilities.

Source XBRL ↗

Latest reported period · 31 Mar 2026 · ₹ crore

Segment	Revenue	Result	Assets	Liabilities	Capital employed	ROCE %
-Overseas	4,129.31	375.96	2,595.02	1,103.52	1,491.5	25.21
-India	934.39	69.2

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	19.7%	21%	22%	21.4%	20.8%	22.9%
EBITDA margin %	12.4%	10.9%	12.4%	12.7%	11.5%	12.2%
EBIT margin %	10.5%	9%	10.2%	10.6%	9.6%	10.1%
PAT margin %	9.4%	8.5%	9.3%	9.7%	7.3%	5.8%
Working capital
Receivable days	—	94	72	97	74	75
Inventory days	—	0	0	0	0	0
Payable days	—	110	61	78	69	53
NWC days	—	-16	10	20	5	22
Leverage
Current ratio	—	2.52	2.28	2.06	2.11	3.85
Debt to EBITDA	—	0	0.24	0.68	0.84	0
Debt to equity	—	0	0.06	0.16	0.18	0
Interest coverage	59.5	38.8	19.7	17.1	11.9	46.2
Asset turnover	—	0.75	1.24	1.16	1.2	1.24
Return ratios
Return on assets %	—	6.4%	11.5%	11.2%	8.7%	7.2%
Return on capital employed %	—	10%	19.6%	20.5%	19.5%	18.4%
Return on equity %	—	10.2%	18.3%	18.1%	13.7%	9.3%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	58.15%	58.15%	58%	83.11%	74.9%	74.86%	74.86%	74.86%	74.86%	74.85%	74.85%	74.85%
	21.76%	21.59%	15.84%	5.75%	6.66%	4.73%	4.45%	3.6%	2.98%	2.74%	2.5%	2.4%
	5.51%	5.99%	5.84%	1.04%	6.15%	7.87%	8.13%	7.86%	7.19%	5.99%	4.01%	3.46%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	14.58%	14.27%	20.32%	10.1%	12.29%	12.49%	12.56%	13.68%	14.97%	16.41%	18.64%	19.29%
No. of shareholders	—	—	—	—	—	—	—	—	1,58,901	1,60,584	1,58,659	1,55,829

Promoter holding up 16.7 percentage points since Sep 2023.

72 deals · 24 Sept 2021 – 23 Jul 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
23 Jul 2026	MICROCURVES TRADING PRIVATE LIMITED	Bulk	NSE	Sell	21,16,979	₹627.05	₹132.75 Cr
23 Jul 2026	MICROCURVES TRADING PRIVATE LIMITED	Bulk	NSE	Buy	21,16,979	₹626.55	₹132.64 Cr
23 Jul 2026	JUNOMONETA FINSOL PRIVATE LIMITED	Bulk	NSE	Sell	10,78,318	₹624.79	₹67.37 Cr
23 Jul 2026	JUNOMONETA FINSOL PRIVATE LIMITED	Bulk	NSE	Buy	10,72,444	₹624.41	₹66.96 Cr
23 Jul 2026	NK SECURITIES RESEARCH PRIVATE LIMITED	Bulk	NSE	Buy	9,14,701	₹624.06	₹57.08 Cr
23 Jul 2026	NK SECURITIES RESEARCH PRIVATE LIMITED	Bulk	NSE	Sell	9,14,701	₹624.45	₹57.12 Cr
23 Jul 2026	QE SECURITIES LLP	Bulk	NSE	Buy	8,61,687	₹628.87	₹54.19 Cr
23 Jul 2026	QE SECURITIES LLP	Bulk	NSE	Sell	8,52,386	₹626.31	₹53.39 Cr
23 Jul 2026	IMC INDIA SECURITIES PRIVATE LIMITED	Bulk	NSE	Buy	8,23,786	₹622.86	₹51.31 Cr
23 Jul 2026	ELIXIR WEALTH MANAGEMENT PRIVATE LIMITED	Bulk	NSE	Buy	7,49,705	₹621.90	₹46.62 Cr

1–10 of 72

1 / 8

Mr. Seckin ArikanNon-Executive - Non Independent Director-Chairperson related to Promoter
Mr. Rajdipkumar Chandrakant GuptaExecutive Director-MD
Mr. Tushar AgnihotriChief Executive Officer
Mrs. Harita GuptaNon-Executive - Independent Director
Mr. Prakash Sunder AdvaniNon-Executive - Independent Director
Mr. Suresh Dhnu JankarChief Financial Officer
Mr. Anil Kumar ChananaNon-Executive - Independent Director
Mr. Jan Van AcoleyenNon-Executive - Non Independent Director
Mr. Sammy MamdaniChief Operating Officer
Mr. Rajeshwar Singh GillGroup Chief Financial Officer
Mr. Suresh Dhau JankarChief Financial Officer

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

Portfolio month

Schemes holding

across 4 fund houses

Held by these funds

1.26%

of the company's equity

All mutual funds

2.94%

shareholding pattern, Jun 2026

Portfolios as of

August 2026

compared with July 2026

6 schemes · 4 fund houses

		Shares
Innovative Opportunities Fund	SBI Mutual Fund	5 L	25	0.46%	0.794%	-4.38 L
Technology Fund	ICICI Prudential Mutual Fund	1.49 L	7.47	0.05%	0.237%	-0
Infrastructure Fund	ICICI Prudential Mutual Fund	1.02 L	5.1	0.06%	0.162%	-0
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	41,330	2.07	0.08%	0.066%	-905
IB18-Groww Nifty Total Market Index Fund	Groww Mutual Fund	282	0.01	0%	0%	+1
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	47	0	0%	0%	-0

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

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Events

Upcoming dates and the company’s corporate-action history.

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

159 announcementsExport CSV

22 Sept 2026, 7:03 pmCompany Update

Adoption Of New Logo Of The Company

General PDF

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Ratio	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	19.7%	21%	22%	21.4%	20.8%	22.9%
EBITDA margin %	12.4%	10.9%	12.4%	12.7%	11.5%	12.2%
EBIT margin %	10.5%	9%	10.2%	10.6%	9.6%	10.1%
PAT margin %	9.4%	8.5%	9.3%	9.7%	7.3%	5.8%
Working capital
Receivable days	—	94	72	97	74	75
Inventory days	—	0	0	0	0	0
Payable days	—	110	61	78	69	53
NWC days	—	-16	10	20	5	22
Leverage
Current ratio	—	2.52	2.28	2.06	2.11	3.85
Debt to EBITDA	—	0	0.24	0.68	0.84	0
Debt to equity	—	0	0.06	0.16	0.18	0
Interest coverage	59.5	38.8	19.7	17.1	11.9	46.2
Asset turnover	—	0.75	1.24	1.16	1.2	1.24
Return ratios
Return on assets %	—	6.4%	11.5%	11.2%	8.7%	7.2%
Return on capital employed %	—	10%	19.6%	20.5%	19.5%	18.4%
Return on equity %	—	10.2%	18.3%	18.1%	13.7%	9.3%

Date	Category	Subject	Filing
22 Sept 2026, 7:03 pm	Company Update General	Adoption Of New Logo Of The Company	PDF
3 Sept 2026, 4:08 pm	Company Update Change in Management	Announcement under Regulation 30 (LODR)-Change in Management	PDF
3 Sept 2026, 4:02 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Scrutinizer''s Report	PDF
2 Sept 2026, 7:58 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Outcome of AGM	PDF
1 Sept 2026, 7:49 pm	Company Update Press Release / Media Release	Announcement under Regulation 30 (LODR)-Press Release / Media Release	PDF
1 Sept 2026, 7:38 pm	Company Update Change in Management	Announcement under Regulation 30 (LODR)-Change in Management	PDF
11 Aug 2026, 12:57 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF
10 Aug 2026, 7:19 pm	Corp. Action Record Date	Record Date For Final Dividend For FY 2025-26	PDF

₹ Cr	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	98	229	135	73	-98	602	581
	0	-226	-838	112	-2	-260	-14
	-67	211	824	-108	158	-34	-535
Net cash flow	32	214	120	78	58	309	32
Free cash flow	—	222	117	35	-133	581	555
CFO / Operating profit %	—	131.8%	61.5%	16.5%	-19.1%	114.2%	108.2%

Route Mobile Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Segment results

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Events

Announcements

Not in the F&O segment

Announcements

Annual reports

Investor Presentation and earnings call

18

1

Segment results

Compounded sales growth

Compounded profit growth

Return on equity

-Dubai · revenue

Route Mobile Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Segment results

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Events

Announcements

Ratio timeline

Not in the F&O segment

Quarterly record

Bulk & block deals

Board and management

Announcements

Annual reports

Investor Presentation and earnings call

Dividends18

Board meetings1

Profit & loss

Balance sheet

Segment results

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

-Dubai · revenue

18

1