Route Mobile Ltd

Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.

Route Mobile Ltd trades at ₹561, in a downtrend and 88 weeks into that stage. That is −10.2% against its own 200-day average. It sits at 28% of a 52-week range of ₹441 to ₹872. On relative strength it has been ahead of the NIFTY 500 on a trailing-13-week view for 3 straight weeks.

Today the stock is in a downtrend — week 88 of stage 4, confirmed. At ₹561 it trades −10.2% versus its 200-day average and sits at 28% of its 52-week range (₹441–₹872).

Against the market, two honest reads. Cumulative: over the last 5.8 years the stock moved −40% while the NIFTY 500 moved +150% — behind the index over the full window. Recent form: on a trailing-13-week view the stock has been ahead for 3 straight weeks — the ribbon below is that same metric, week by week.

What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.

→ The trend is one thing; the bill is another. Are you paying up for it? Next: the P/E sits at the 4th percentile of its own range.

Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.

Route Mobile Ltd trades at 10.1× P/E, near the bottom of its own range — cheaper only 4% of the time. Its long-run median P/E is 28.5×, measured across 5.8 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.

Today's P/E of 10.1× is near the bottom of its own range — cheaper only 4% of the time, against a long-run median of 28.5× measured over 5.8 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.

Why the multiple sits where it does: over the past year annual EPS moved −25.0% against a −41.5% price move — earnings outran the price, pushing the multiple DOWN its own range.

The price move, decomposed: over 5y, of the −23.6%/yr price move, ~+19.5%/yr came from earnings growth and ~−43.1 pp from the multiple (compressing). The split is the honest approximate (price return minus earnings growth); it makes the rally itself visible instead of hiding it behind the percentile.

Put together: the multiple is low against its own past, so the story rests on the earnings line underneath it, not the multiple.

The PEG ratio and its quarterly curve, which only the second data source carries, are not drawn on this page: its two data sources disagree by up to 9.0% on reported income across 14 comparable periods. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.

→ Cheap or dear rides on the earnings. Are they actually growing? Next: the fundamental stage — where the business sits in its arc, and how growth has compounded.

Stage: Turning around Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).

Route Mobile Ltd reads as turning around on its fundamental arc. Turning around — profit growth swung from −44.8% at the trough to −14.1%, a 2-quarter improving streak, ROCE slipping at 17.0%. The read is built from 8 quarters across 4 curves, on partial evidence.

Why it matters: growth inflections are where re-ratings start — the curves say a turn is forming, so the question becomes whether the next quarters confirm it.

Return readings here are annual, not quarterly — read as level and direction only; they can confirm the growth curves but never drive the stage on their own.

A partial read: at least one curve is short, or the returns curve is not the computed quarterly series — hold the stage word a little more loosely.

→ The stage names the trajectory. Next: the revenue line that produces it, quarter by quarter.

4-Factor Sector Score

46.2/100 — rank 7 of 12 in IT Enabled Services · 83% evidence confidence

Route Mobile Ltd scores 46.2 out of 100 against the 12 companies it is compared with in IT Enabled Services, ranking 7. Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity.

The four contributions add to the total exactly: 8.4 + 16.4 + 13.6 + 7.8 = 46.2. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.

What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.

Revenue Revenue is the top line: everything the company billed its customers in the period.

Route Mobile Ltd reported ₹1,152 Cr of revenue in the Jun 26 quarter, +9.6% year on year. Over 10 years it has compounded at 28.2% a year. The last full year, FY26, came in at ₹4,408 Cr. The last four reported quarters add to ₹4,509 Cr.

Route Mobile Ltd reported ₹1,152 Cr of revenue in the Jun 26 quarter, +9.6% year on year. Over 10 years it has compounded at 28.2% a year. The last full year, FY26, came in at ₹4,408 Cr. The last four reported quarters add to ₹4,509 Cr.

FY26 revenue came in at ₹4,408 Cr (−3.7% on the year), capping 10 years at 28.2% compound. The latest quarter (Jun 26) printed ₹1,152 Cr, +9.6% year on year.

Pace check: the last four quarters averaged +0.0% growth against the decade's 28.2% — the current year is running slower than its own long-run rate.

Acceleration check: trailing-twelve-month revenue grew −0.3% over the last 4 quarters against +4.1%/yr over the last 8 — rolling over; TTM profit −14.1% vs −16.0%/yr — stabilising.

→ Revenue grew — did margins hold as it scaled? Next: 9.0% this quarter (+0.0 pp YoY).

Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.

Route Mobile Ltd's operating margin is 9.0% in the Jun 26 quarter, +0.0 percentage points against the same quarter a year ago. Across 11 fiscal years the operating margin has ranged 10.0% to 22.0%. The current quarter is running below every full year in that window.

Route Mobile Ltd's operating margin is 9.0% in the Jun 26 quarter, +0.0 percentage points against the same quarter a year ago. Across 11 fiscal years the operating margin has ranged 10.0% to 22.0%. The current quarter is running below every full year in that window.

The latest quarter's operating margin is 9.0%, +0.0 pp against the same quarter a year ago. Across 11 fiscal years the operating margin has ranged 10.0%–22.0%.

Why the margin moved: operating margin went +0.2 pp year on year while gross margin went −0.5 pp — the gain came mostly from the gross line: input costs and pricing.

→ Margins held — did that reach the bottom line? Next: profit +16.9% in the latest quarter.

Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.

Route Mobile Ltd earned ₹69.0 Cr of net profit in the Jun 26 quarter, +16.9% year on year. It is the 3rd consecutive quarter of growth. Full-year FY26 profit was ₹257 Cr. The 10-year compound rate is 15.1%. That is 6.0% of the quarter's revenue. The same quarter a year earlier earned ₹59.0 Cr.

Route Mobile Ltd earned ₹69.0 Cr of net profit in the Jun 26 quarter, +16.9% year on year. It is the 3rd consecutive quarter of growth. Full-year FY26 profit was ₹257 Cr. The 10-year compound rate is 15.1%. That is 6.0% of the quarter's revenue. The same quarter a year earlier earned ₹59.0 Cr.

Jun 26 profit was ₹69.0 Cr, +16.9% year on year — the 3rd consecutive quarter of growth. On the full year, FY26 printed ₹257 Cr (−23.1%), and the 10-year compound rate is 15.1%.

Why profit moved: revenue contributed +9.6% and the margin +0.0 pp — the quarter was revenue-led, with the margin roughly flat.

Pace comparison, last four quarters: profit +2.6% vs revenue +0.0%. Profit and revenue are moving roughly in step.

→ Profit rose — but did the cash follow? Next: 111% of the last 3 years' profit arrived as cash.

Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.

Over the last 3 fiscal years 111% of Route Mobile Ltd's reported profit arrived as operating cash — the cash follows the profit. In FY26 that was ₹581 Cr of operating cash against ₹257 Cr of profit. After ₹140 Cr of capital spending, ₹441 Cr was left as free cash.

FY26: operating cash of ₹581 Cr against reported profit of ₹257 Cr, leaving free cash of ₹441 Cr after ₹140 Cr of capital spending. Across the last 3 fiscal years the conversion rate is 111% of profit.

Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.

Why conversion sits at 111%: the cash cycle stretched 19 days between FY21 and FY26 — more of each rupee of profit waits inside the cycle before arriving.

Router verdict: no single sink dominates — the next section checks both the working-capital cycle and the capital spending.

→ So follow the cash to where it goes. Next: a 75-day cycle and ₹197 Cr of building.

Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).

Route Mobile Ltd's cash conversion cycle runs 75 days in FY26, up from 56 days in FY21. Capital spending ran ₹197 Cr over the last 3 years. At FY26 sales of ₹4,408 Cr each day of that cycle holds about ₹12.1 Cr, so roughly ₹906 Cr sits inside the business at any moment.

FY26: debtors at 75 days, inventory at 0 days — roughly 0.0 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of 75 days, looser than FY21's 56.

In money terms: at FY26 sales of ₹4,408 Cr, each day of the cycle holds about ₹12.1 Cr — so the 75-day loop keeps roughly ₹906 Cr sitting inside the business at any moment.

On the investment side: capital spending of ₹197 Cr over the last 3 fiscal years against ₹267 Cr of depreciation — spending at or below maintenance level. Capital work-in-progress stands at ₹2.0 Cr (FY26) — capacity paid for but not yet earning.

The synthesis: neither the cycle nor the build-out is hoarding the cash — the machine is reasonably clean.

→ Does all this activity actually earn its cost of capital? Next: ROCE is 17%.

Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.

Route Mobile Ltd earns a ROCE of 17% in FY26. That is up from a trough of 17% in FY22. A return-on-invested-capital spread against the cost of capital is not computable from what is held here. The wiring behind it is 5.8% net margin on 1.24× asset turns.

FY26 ROCE is 17%, recovered from a FY22 trough of 17% — the full ladder below shows the fall and the climb, undoctored.

Why the return is what it is — the wiring (FY26): 5.8% net margin × 1.24× asset turns × 1.28× balance-sheet leverage ≈ 9.2% on equity. Margin does its share; leverage is modest — this is an earned return, not a borrowed one.

The quarterly return curves and the return-on-invested-capital overlay, which only the second data source carries, are not drawn on this page: its two data sources disagree by up to 9.0% on reported income across 14 comparable periods. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.

→ Returns like these — is the balance sheet borrowing to make them? Next: debt-to-equity is 0.02.

Debt Debt-to-equity says how much of the business is funded by borrowings; interest cover says how many times operating profit pays the interest bill. Low and high, respectively, is the safe corner.

Route Mobile Ltd carries ₹42.0 Cr of borrowings against ₹2,770 Cr of equity in FY26, a debt-to-equity of 0.02. Operating profit covers the interest bill 49×. Over 5 years borrowings went from ₹20.0 Cr to ₹42.0 Cr. Capital spending ran ₹197 Cr across the last 3 of those years.

FY26: borrowings of ₹42.0 Cr against equity of ₹2,770 Cr — a debt-to-equity of 0.02. Operating profit covers the interest bill 49×. Over 5 years borrowings went from ₹20.0 Cr to ₹42.0 Cr while capital spending ran ₹197 Cr in just the last 3 — part of the build-out is riding on borrowed money.

The total-debt and debt-to-equity series, which only the second data source carries, are not drawn on this page: its two data sources disagree by up to 9.0% on reported income across 14 comparable periods. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.

→ Who owns this, and are they adding or leaving? Next: Promoters cut 8.3 points over 8 quarters.

Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.

Promoters cut 8.3 points of Route Mobile Ltd over 8 quarters, the biggest move on the register. That takes promoters to 74.8% of the company. Foreign institutions moved −3.4 points over the same window, to 2.4%. The register is read on the four disclosed classes only; nothing is inferred between filings.

The register over the last two years — Promoters: −8.3 points over 8 quarters to 74.8%; Foreign institutions: −3.4 points over 8 quarters to 2.4%; Domestic institutions: +2.4 points over 8 quarters to 3.5%.

Why the register moved: rotation — foreign institutions −3.4 points against domestic institutions +2.4 points over 8 quarters, with promoters −8.3 points — one class of institutions handing the register to the other, not a verdict change by the people closest to the numbers.

→ One last check: does the safety math agree? Next: the balance-sheet safety line.

Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.

Route Mobile Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.

The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.

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