Route Mobile financials: balance sheet, profit and loss, cash flow

NSE: ROUTEBSE: 543228Telecom - ServicesSmall Cap

ROUTE MOBILE LIMITED · Face value ₹10 · Listed Sep 2020 · Issue price ₹350

₹435.00₹13.25 (2.96%)BSE ₹434.05

Share price at the NSE close on 28 Oct 2026. Previous close ₹448.25.

28 Oct: open ₹448.25, high ₹453.90, low ₹426.75

52-week range of traded prices to 28 Oct 2026

₹407.10Low, 26 Oct 2026₹769.45High, 18 Dec 2025

Market cap: ₹2,741 Cr933rd largest listed
P/E: 7.85
P/B: 0.94
Dividend yield: 2.76%
ROE: 12.8%
ROCE: 13.8%
Debt to equity: 0.00
Volume, NSE: 3,31,20137.7% delivered

Route Mobile's financial statements for the 6 years to Mar 2026, consolidated: the company and its subsidiaries together, with the half year to Sep 2026 after them. It had no borrowings at 30 Sep 2026.

6 years at a glance

₹ crore, years to March.Route Mobile annual reports

Revenue, net profit and borrowings, ₹ crore

Revenue
Net profit
Borrowings

Peak revenue ₹4,576 Cr, year to Mar 2025; lowest ₹1,406 Cr, year to Mar 2021

Operating and net margin, per cent

Results for the year to Mar 2026

Consolidated: the company and its subsidiaries together. ₹ crore.

From revenue to net profit

Revenue4,408
Materials and goods−3,401
Employee costs−289
Other expenses−181
Operating profit537
Depreciation−92
Other income+54
One-off items−136
Finance costs−11
Profit before tax353
Tax−96
Net profit257

What the company owns

Cash and bank₹1,389 Cr
Plant, investments and other assets₹1,241 Cr
Receivables₹909 Cr
Current investments₹17 Cr

What pays for it: net worth and liabilities

Net worth₹2,822 Cr
Owed to suppliers₹497 Cr
Other liabilities₹238 Cr

Route Mobile business segments, year to Mar 2026

A reportable segment is a line of business the company must report on its own. Consolidated, ₹ crore, as the company reports them.Route Mobile segment results by quarter

Revenue by segment

₹5,064 CrTotal

-Overseas₹4,129 Cr81.5% of total
-India₹934 Cr18.5% of total

Profit by segment

-Overseas₹376 Cr84.5% of total
-India₹69 Cr15.5% of total

Segment results by year

Consolidated, ₹ crore, years to March.

-Overseas
Revenue, ₹ crore
3,696
4,234
4,129
Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26
Profit, ₹ crore
361
326
376
Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26
-India
Revenue, ₹ crore
530
424
601
747
948
934
Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26
Profit, ₹ crore
25
1
24
64
112
69
Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26

₹ crore	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Revenue of all businesses	1,822	2,319	4,196	4,443	5,182	5,064
Company revenue, as in its results	1,406	2,002	3,569	4,023	4,576	4,408
Revenue	–	–	–	3,696	4,234	4,129
Revenue growth	–	–	–	–	14.6%	−2.5%
Profit	–	–	–	361	326	376
Profit growth	–	–	–	–	−9.6%	15.2%
Margin	–	–	–	9.8%	7.7%	9.1%
Return on capital	–	–	–	36.9%	27.3%	25.2%
Assets	–	–	–	3,262	3,077	2,595
Liabilities	–	–	–	2,284	1,882	1,104
Capital employed	–	–	–	978	1,195	1,492
Revenue	530	424	601	747	948	934
Revenue growth	–	−20.0%	41.7%	24.4%	26.8%	−1.4%
Profit	25	1	24	64	112	69
Profit growth	–	−96.0%	2,368.4%	164.4%	74.9%	−38.1%
Margin	4.7%	0.2%	4.0%	8.6%	11.8%	7.4%
Return on capital	6.7%	0.1%	2.1%	5.2%	8.6%	5.1%
Assets	657	1,391	1,351	1,453	1,779	1,642
Liabilities	291	137	194	232	482	284
Capital employed	366	1,254	1,157	1,221	1,297	1,358
Revenue	–	1,895	3,595	–	–	–
Revenue growth	–	–	89.7%	–	–	–
Profit	–	178	339	–	–	–
Profit growth	–	–	90.2%	–	–	–
Margin	–	9.4%	9.4%	–	–	–
Return on capital	–	40.0%	48.2%	–	–	–
Assets	–	1,777	2,436	–	–	–
Liabilities	–	1,331	1,732	–	–	–
Capital employed	–	445	703	–	–	–
Revenue	950	–	–	–	–	–
Profit	82	–	–	–	–	–
Margin	8.7%	–	–	–	–	–
Return on capital	40.5%	–	–	–	–	–
Assets	634	–	–	–	–	–
Liabilities	430	–	–	–	–	–
Capital employed	204	–	–	–	–	–
Revenue	182	–	–	–	–	–
Profit	18	–	–	–	–	–
Margin	10.1%	–	–	–	–	–
Return on capital	12.9%	–	–	–	–	–
Assets	252	–	–	–	–	–
Liabilities	109	–	–	–	–	–
Capital employed	142	–	–	–	–	–
Revenue	107	–	–	–	–	–
Profit	12	–	–	–	–	–
Margin	11.1%	–	–	–	–	–
Return on capital	77.7%	–	–	–	–	–
Assets	37	–	–	–	–	–
Liabilities	21	–	–	–	–	–
Capital employed	15	–	–	–	–	–
Revenue	53	–	–	–	–	–
Profit	11	–	–	–	–	–
Margin	20.4%	–	–	–	–	–
Return on capital	10.8%	–	–	–	–	–
Assets	151	–	–	–	–	–
Liabilities	52	–	–	–	–	–
Capital employed	99	–	–	–	–	–
	0	0	–	0	0	0
Profit	0	1	–	0	1	0
Assets	−708	−509	–	−1,243	−1,031	−681
Liabilities	−530	−484	–	−1,215	−1,003	−653
	–	–	0	–	–	–
Profit	–	–	−1	–	–	–
Assets	–	–	−901	–	–	–
Liabilities	–	–	−869	–	–	–

Profit is before tax and finance costs, the way companies report their segments.

Profit and loss

Consolidated, ₹ crore, years to March. The last column is the twelve months to Sep 2026, the latest four quarters added.Route Mobile quarterly results

₹ crore	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026Filed 7 May	Sep 2026Twelve monthsFiled 27 Oct
Revenue from operations	1,406	2,002	3,569	4,023	4,576	4,408	4,569
	1,232	1,783	3,125	3,512	4,048	3,871	4,066
Materials and goods bought	1,129	1,583	2,783	3,163	3,625	3,401	3,530
Employee costs	61	126	197	198	260	289	317
Other expenses	42	75	146	151	163	181	219
Operating profit before depreciation	174	219	444	511	528	537	503
Operating margin	12.4%	10.9%	12.4%	12.7%	11.5%	12.2%	11.0%
Materials, % of revenue	80.3%	79.0%	78.0%	78.6%	79.2%	77.1%	77.2%
Employee costs, % of revenue	4.4%	6.3%	5.5%	4.9%	5.7%	6.6%	6.9%
Other expenses, % of revenue	3.0%	3.7%	4.1%	3.8%	3.6%	4.1%	4.8%
Depreciation and amortisation	26	38	82	86	89	92	94
Operating profit after depreciation	148	180	363	425	439	446	409
Other income	16	20	39	40	47	54	64
Finance costs	3	5	20	27	41	11	6
Profit before one-off items and tax	162	195	382	438	445	489	467
One-off items	0	0	0	17	−18	−136	0
Profit before tax	162	195	382	455	426	353	467
	29	25	48	66	92	96	99
Current tax	30	31	61	77	105	116	114
Deferred tax	−1	−6	−12	−10	−13	−20	−15
	133	170	333	389	334	257	368
Belonging to the company's shareholders	133	166	327	375	319	239	349
Belonging to outside owners of subsidiaries	−1	4	6	14	15	18	19
Other comprehensive income	1	1	9	18	24	171	115
Total comprehensive income	134	171	342	407	358	428	483
Net margin	9.4%	8.5%	9.3%	9.7%	7.3%	5.8%	8.1%

Balance sheet

Consolidated, ₹ crore, at 31 March. The last column is the half year to Sep 2026, after the latest full year: the balance sheet at its end.

₹ crore	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026Filed 7 May	Sep 2026Half yearFiled 27 Oct
	649	1,675	1,828	2,171	2,464	2,822	2,971
	652	1,673	1,820	2,150	2,432	2,770	2,911
Share capital	58	63	62	63	63	63	63
Reserves	594	1,610	1,758	2,087	2,369	2,707	2,848
Belonging to outside owners of subsidiaries	−3	2	8	21	32	52	59
	3	0	106	350	441	0	0
Repayable after a year	3	0	44	135	0	0	0
Repayable within a year	0	0	62	215	441	0	0
	355	903	783	1,035	1,295	661	665
Trade payables	238	385	467	673	684	497	515
Other financial liabilities	49	462	180	42	39	37	52
Other liabilities	26	26	25	16	24	52	50
Provisions	1	1	1	29	32	8	6
Tax owed	41	28	47	60	74	67	42
	18	81	274	266	67	73	83
Other financial liabilities	11	12	169	76	18	27	32
Provisions	3	4	4	5	8	10	17
Deferred tax	0	65	57	49	42	37	34
Total assets	1,022	2,659	2,885	3,472	3,826	3,556	3,719
	252	990	1,099	1,342	1,090	1,009	1,021
Plant in use, after depreciation	21	29	34	38	34	30	–
Plant being built	1	0	0	0	0	2	–
Intangible assets	81	422	399	347	292	314	305
Goodwill	90	501	520	513	491	546	574
Intangible assets being developed	0	0	14	26	32	6	13
Investments	0	0	6	0	0	0	0
Other financial assets	32	6	9	299	22	17	25
Deferred tax	5	6	8	10	14	25	29
Other assets	22	26	107	109	204	70	37
	770	1,669	1,787	2,130	2,736	2,547	2,698
Trade receivables	217	487	702	1,072	933	909	947
Cash and cash equivalents	270	407	484	542	850	880	799
Other bank balances	198	619	396	214	482	509	541
Current investments	13	13	14	15	16	17	17
Other financial assets	25	46	23	18	132	28	29
Other assets	47	96	169	270	322	203	364
Net debt	−477	−1,040	−788	−422	−908	−1,406	−1,358

Borrowings are counted again inside the liabilities due within a year and after a year. Plant in use and plant being built are given for full years only.

Cash flow

Consolidated, ₹ crore, years to March. The last column is the half year to Sep 2026, after the latest full year: the cash flow over its six months.

₹ crore	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026Filed 7 May	Sep 2026Half year
	229	135	73	−98	602	581	33
	247	180	107	−23	701	710	80
	63	−66	−377	−549	143	137	−157
Receivables	−15	−164	−200	−386	128	8	−46
Payables	79	85	−21	181	4	−98	50
Other working capital	−1	13	−157	−344	11	226	−161
Tax paid	−17	−45	−33	−75	−98	−129	−46
Capital spending	8	17	38	36	21	26	20
Free cash flow	222	117	35	−133	581	555	13
	−226	−838	112	−2	−260	−14	−62
Plant and property sold	0	0	0	0	2	0	0
Companies bought	−53	0	−81	−159	0	0	−24
Interest received	5	11	28	22	17	41	20
	211	824	−108	158	−34	−535	−52
Borrowings raised	0	0	127	332	598	0	0
Borrowings repaid	−38	−4	−15	−90	−515	−437	0
Interest paid	−3	−2	−9	−17	−39	−12	−3
Lease payments	−6	−5	−7	−8	−10	−14	−8
Dividends paid	0	30	69	70	74	72	41
Shares bought back	0	0	149	0	0	0	0
Shares issued	240	882	0	0	0	0	0
Net change in cash	214	120	78	58	309	32	−81

Capital spending is part of cash from investing, and dividends paid, shares bought back and shares issued are part of cash from financing. Each is shown as an amount on a line of its own, and the section's other items are in its total only.

Consolidated, ₹ per share, years to March.Route Mobile dividend history

₹ per share	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026Filed 7 May
Earnings per share	₹24.76	₹27.82	₹52.29	₹59.95	₹50.69	₹37.94
Diluted earnings per share	₹24.23	₹27.82	₹52.29	₹59.07	₹50.69	₹37.94
Dividend per share	₹2.00	₹5.00	₹11.00	₹11.00	₹11.00	₹11.00
Book value per share	₹112.99	₹266.04	₹291.55	₹342.35	₹386.03	₹439.62
Dividend payout	8.7%	18.9%	21.0%	18.4%	21.7%	29.0%
Shareholder yield	−3.0%	−8.8%	2.6%	0.7%	1.3%	2.7%
Market cap at the year end (₹ crore)	8,086	9,697	8,511	10,033	5,873	2,618

Ratios

Consolidated, years to March.Route Mobile PE ratio and valuation

Ratio	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026Filed 7 May
Revenue growth	–	42.4%	78.3%	12.7%	13.7%	−3.7%
Operating profit growth	–	25.6%	103.1%	15.1%	3.3%	1.8%
Net profit growth	–	28.1%	95.9%	16.7%	−14.1%	−23.1%
Earnings per share growth	–	12.4%	88.0%	14.6%	−15.4%	−25.2%
	20.4%	14.3%	18.7%	18.9%	13.9%	9.2%
	–	−6.1 pts	4.4 pts	0.2 pts	−5.0 pts	−4.7 pts
From the net margin	–	−2.5 pts	1.5 pts	0.3 pts	−4.8 pts	−3.1 pts
From asset turnover	–	−3.7 pts	2.9 pts	−0.3 pts	−0.1 pts	−0.5 pts
From borrowing	–	0.1 pts	0.0 pts	0.2 pts	−0.1 pts	−1.1 pts
Return on capital employed	22.7%	10.8%	18.7%	16.9%	15.1%	15.8%
Cash conversion	172.8%	79.1%	22.0%	−25.1%	180.4%	226.2%
Interest cover	53.8	34.9	17.7	15.6	10.7	41.2
Debt to equity	0.01	0.00	0.06	0.16	0.18	0.00
Receivable days	56	89	72	97	74	75
Inventory days	0	0	0	0	0	0
Payable days	77	89	61	78	69	53
Cash conversion cycle, days	−21	0	10	20	5	22
Working capital days	−17	−50	18	49	43	40
Asset turnover	1.38	1.09	1.29	1.27	1.25	1.19
Assets per rupee of net worth	1.57	1.58	1.59	1.60	1.59	1.42
Sales per rupee of plant	66.52	69.08	103.73	106.52	133.59	145.01
Capital spending to depreciation	0.30	0.45	0.47	0.41	0.24	0.29
Plant being built, % of plant in use	5.0%	0.0%	0.0%	0.0%	0.3%	5.0%

Growth and returns over 3, 5 and 10 years

Consolidated: the company and its subsidiaries together. Each window ends with the year to Mar 2026.

Return on assets, latest year: 6.5%
Cash from operations against operating profit: 108.2%

Measure	5 years	3 years
Revenue growth, yearly rate	25.7%	7.3%
Profit growth, yearly rate	12.4%	−9.9%
Return on equity, average	15.0%	14.0%
Return on capital employed, average	15.5%	15.9%
Operating margin, average	12.0%	12.1%
Net margin, average	8.1%	7.6%
Asset turnover, average	1.22	1.24
Cash conversion cycle, days, average	11	16
Interest cover, average	24.0	22.5
Debt to equity, average	0.08	0.11

Where the cash came from and went

Consolidated: the company and its subsidiaries together. ₹ crore, added up over each window, which ends with the year to Mar 2026.

₹ crore	5 years	3 years	Latest year
Cash from operations	1,294	1,086	581
Cash from investing	−1,003	−276	−14
Cash from financing	305	−411	−535
Capital spending	139	83	26
Dividends paid	314	215	72
Shares bought back	149	0	0
Shares issued for cash	882	0	0
Borrowings raised	1,057	929	0
Borrowings repaid	1,062	1,043	437

Accounting checks

Consolidated, years to March. Published tests of whether reported profit is backed by cash and the balance sheet.

Check	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Piotroski score, out of 9Published threshold 3 points out of 9	–	–	5	3	5	6
Altman Z-scorePublished threshold 1.1	7.47	6.16	7.02	6.71	7.21	10.68
Beneish M-scorePublished threshold −1.78	–	−1.36	−1.54	−1.44	−3.05	−2.81
Profit not backed by cash, % of assetsPublished threshold 10 per cent of average total assets	–	47.49	5.33	15.37	−0.23	−8.40
Cash from operations to profit, 3 yearsPublished threshold 0.7 times	–	–	0.69	0.12	0.55	1.11
Receivables growth less revenue growthOur threshold 0 percentage points	–	81.76	−34.24	40.03	−26.68	1.15
Other current assets growth less revenue growthOur threshold 5 per cent of revenue	–	3.50	1.38	2.38	3.65	−5.05
Assets under construction, years of additionsOur threshold 2 years of additions	–	0.00	0.00	0.00	0.00	0.02
Effective tax ratePublished threshold 17.16 per cent	17.82	12.88	12.68	14.56	21.63	27.22
Tax charged less tax paid, % of profitOur threshold 10 percentage points	–	−10.15	3.92	−1.84	−1.47	−9.32

A threshold marked as ours has no published figure; it is the line we read the check against.