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HomeSHARE MARKETChairman Resigned; Major Reshuffle In The Company Board; Share Future, Target

Chairman Resigned; Major Reshuffle In The Company Board; Share Future, Target

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One 97 Communications Ltd (NSE: PAYTM): Paytm’s share is currently among the most talked about shares in the stock market. After the action of RBI on February 1, some updates related to its associate company Paytm Payment Bank are continuously coming. 

In this context, there was a major reshuffle on the board of PPBL on Monday. Vijay Shekhar Sharma resigned from the position of part-time non-executive chairperson for Paytm Payment Bank. 

Besides, 4 new members have also entered the board. After this news came late yesterday evening, global brokerage firm Macquarie released a report on the stock.

Brokerages On Paytm Share

Brokerage firm continues to maintain its sub-par rating for Paytm. A downside target of Rs 275 has been given on the share, which is about 35 percent below the current price. 

According to the brokerage report, Vijay Shekhar Sharma wants to tell RBI through his resignation from the board of PPBL that he is ready to reduce control over the company.

In such a situation, if the ban on Paytm Payment Bank is lifted then it will be a profitable deal for Paytm. 

According to the annual report of FY23, PPBL’s profit was Rs 2.44 crore. There is absolutely no expectation from RBI to allow any related party transaction between PPBL and PayTM.

Major Updates After Market Close

Some big updates came after the market closed yesterday regarding Paytm Payment Bank. After the resignation of Vijay Shekhar Sharma from the board, two senior bankers (former) and two former IAS have got places. 

This includes the former Central Bank of India Chairman Srinivasan Sridhar, former IAS officer Debendranath Sarangi, former Bank of Baroda Director of Education Ashok Kumar Garg, and the former IAS Officer Rajni Sekhri Sibal.

Apart from the new member, parent company One 97 Commu has withdrawn its nominee from the board of PPBL. PPBL will work further through the newly constituted board. 

The board now comprises an executive director and an independent director for the company. In this case, PPBL will start the process of appointing a chairman.

MD & CEO Surinder Chawla has given this information on the board reconstitution of PPBL. He added that the knowledge of the board members will assist in improving our governance structure as well as operational standards.

Another Update Regarding PAYTM

Another news coming regarding Paytm is that the fintech company can tie up with 4 banks for UPI services.

Under this, 4 Indian banks can become partners for UPI. These banks include AXIS Bank, HDFC Bank, SBI, and Yes Bank. However, discussions are currently going on with these banks.

About One 97 Communications Ltd 

One 97 Communications Limited owns and manages the Paytm brand. Its divisions include Payment, Commerce, Cloud, and more. 

The Company is in the business of providing financial and payment services. This includes the services of payment facilitators that facilitate loans to merchants and consumers, merchants and consumers, and managing wealth. 

The Company is also involved in providing cloud and commerce services, which consist primarily of an aggregator for digital goods and ticketing businesses, offering messages and voice platforms to telecom operators, enterprises, and other companies. 

The company provides a range of services, like internet banking as well as Paytm payment tools such as wallet, Paytm postpaid (BNPL) for online payment of mobile recharges utilities rent, and education, wallet top-ups, and money transfers through the Paytm application.

Fundamental Analysis of One 97 Communications Ltd 

Market Cap₹ 27,273 Cr.
Current Price₹ 426.95
52-wk High₹ 998 
52-wk Low₹ 318
Stock P/E
Book Value₹ 196
Dividend0.00 %
ROCE-13.5 %
ROE-13.9 %
Face Value₹ 1.00
P/B Value2.14
OPM-11.5 %
EPS₹ -17.6
Debt₹ 192 Cr.
Debt to Equity0.02

One 97 Communications (Paytm) Share Price Target 2024 To 2030

Year1st Target2nd Target
2024₹ 600₹ 995
2025₹ 1000₹ 1247
2026₹ 1389₹ 1425
2027₹ 1560₹ 1749
2028₹ 1859₹ 1980
2029₹ 2159₹ 2389
2030₹ 2400₹ 2500
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One 97 Communications Ltd Shareholding Pattern

FII Holding
Dec 202272.80%
Mar 202371.83%
June 202372.11%
Sept 202360.92%
Dec 202363.72%
DII Holding
Dec 20221.87%
Mar 20233.19%
June 20233.54%
Sept 20234.05%
Dec 20236.07%
Public Holding
Dec 202225.32%
Mar 202324.98%
June 202324.35%
Sept 202335.02%
Dec 202330.22%
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One 97 Communications Ltd Share: Last 5 Years’ Financial Condition

To better understand how the market is performing, let’s look at the outlook of this share in the previous years. 

However, investors should be aware of the risks and the market conditions before making any investment decision.

Last 5 Years’ Sales:

2019₹ 3,050 Cr
2020₹ 3,115 Cr
2021₹ 2,667 Cr
2022₹ 3,892 Cr
2023₹ 7,767 Cr

Last 5 Years’ Net Profit:

2019₹ -3,960 Cr
2020₹ -2,833 Cr
2021₹ -1,560 Cr
2022₹ -2,325 Cr
2023₹ -1,113 Cr

Last 5 Years’ Debt-To-Equity Ratio:

2019
2020
2021
20220
20230
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Last 10 Years’ Profit Growth:

10 Years:
5 Years:-5%
3 Years:9%
Current Year:53%

Last 10 years’ Return on Equity (ROE):

10 Years:
5 Years:-27%
3 Years:-18%
Last Year:-14%

Sales Growth Over 10 Years:

10 Years:
5 Years:15%
3 Years:25%
Current Year:47%

Conclusion

This article is a complete guide about One 97 Communications Ltd Share. This information and forecasts are based on our research, company fundamentals, history, experiences, and technical analyses. 

Also, We have discussed the share’s prospects and growth potential in detail.

This information will help you in your further investment. 

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If you have any further queries, please comment below. We will be happy to answer all your questions. 

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Disclaimer: Dear readers, we’d like to inform you that we are not authorized by SEBI (Securities and Exchange Board of India). The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. Also, the share price predictions are completely for reference purposes. The price predictions will only be valid when there are positive signs on the market. Any uncertainty about the company’s future or the current state of the market will not be considered in this study. We are not responsible for any financial loss you might incur through the information on this site. We provide timely updates about the stock market and financial products to help you make better investment choices. Do your research before any investment.

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