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Paytm Stock Could be a big game changer in coming years, Says Analyst

The analyst revealed tech companies like Paytm have the potential to become multi-bagger in the next few 5 to 10 years as the sector is witnessing consolidation. 

By Crox Media desk: Paytm, India’s leading Fintech giant has a very robust model which will soon after turn into profits, said Sunny Aggarwal, Head of Fundamental Equity Research Team, SBICAPS Securities in an interview. He added that Paytm has guided that over the next few years, the profit is going to reflect in the P&L and the balance sheet of the company. 

Aggarwal mentioned that new tech companies have the potential to become a multi-bagger in the next few years as currently, the industry is witnessing consolidation. Agarwal noted that few players in this sector will enjoy the expansion in the industry. 

Analysts at ICCI in a 4th January 2023 note highlighted that Paytm in its monthly update reported Rs 2.3 trillion GMV in the two months ended November 2022, assuming slight enhancement, a monthly run rate of nearly Rs 1.1 trillion, we estimate 10% quarter-on-quarter growth in GMV to Rs 3.5 trillion.

Global Financial Investment and advisory firm CLSA, in its note dated 28th December 2022, upgraded its rating to “buy” from “sell”. It said Paytm has more than $1 billion in cash on the balance sheet and the cash burn should end in another 4-6 quarters.

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