Quick Ratios
Quarterly Results
Profit & Loss
Balance Sheet
Cash Flow
Ratios
Mkt Cap
Market Capitalization
₹599Cr
Rev Gr TTM
Revenue Growth TTM
1.10%
Peer Comparison
Compare up to 10 companies side by side across valuation, profitability, and growth.

ONMOBILE
VS
| Quarter | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 |
|---|
|
Growth YoY Revenue Growth YoY% | 0.8 | 1.4 | 2.1 | -8.5 | -4.3 | -9.9 | -3.3 | 37.0 | 27.3 | 1.5 | -0.9 | -17.3 |
| 126 | 126 | 126 | 120 | 120 | 124 | 129 | 154 | 155 | 119 | 120 | 130 |
Operating Profit Operating ProfitCr |
| 1.6 | 8.3 | 5.9 | 0.1 | 2.2 | -0.6 | 0.5 | 6.1 | 0.6 | 5.0 | 6.6 | 4.1 |
Other Income Other IncomeCr | -6 | 4 | 8 | 4 | 3 | -4 | -2 | -3 | 2 | 22 | 10 | 10 |
Interest Expense Interest ExpenseCr | 0 | 1 | 1 | 1 | 2 | 1 | 2 | 2 | 2 | 2 | 2 | 2 |
Depreciation DepreciationCr | 3 | 3 | 3 | 3 | 3 | 8 | 8 | 8 | 8 | 8 | 8 | 9 |
| -7 | 12 | 12 | 1 | 2 | -14 | -11 | -3 | -7 | 19 | 8 | 4 |
| -5 | 2 | 4 | 3 | 2 | 2 | 1 | 2 | 1 | 3 | 2 | 1 |
|
Growth YoY PAT Growth YoY% | -145.4 | 139.1 | 1,277.4 | -158.4 | 67.9 | -255.2 | -241.7 | -118.4 | -1,066.2 | 202.0 | 149.2 | 167.2 |
| -1.6 | 7.2 | 6.4 | -2.0 | -0.6 | -12.4 | -9.4 | -3.2 | -5.1 | 12.4 | 4.6 | 2.6 |
| -0.2 | 0.9 | 0.8 | -0.2 | -0.1 | -1.4 | -1.1 | -0.5 | -0.8 | 1.5 | 0.6 | 0.3 |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|
|
| -2.1 | -3.7 | -11.7 | -11.8 | -6.6 | -3.6 | -3.7 | -5.8 | 1.1 | -2.3 | 11.7 | -4.8 |
| 724 | 668 | 620 | 571 | 564 | 534 | 485 | 474 | 513 | 491 | 562 | 524 |
Operating Profit Operating ProfitCr |
| 14.5 | 18.1 | 13.9 | 10.2 | 5.0 | 6.7 | 12.0 | 8.7 | 2.4 | 4.3 | 1.9 | 3.9 |
Other Income Other IncomeCr | 18 | 7 | -6 | 11 | 29 | 25 | 14 | 13 | 6 | 20 | -7 | 44 |
Interest Expense Interest ExpenseCr | 3 | 2 | 1 | 0 | 0 | 1 | 1 | 1 | 1 | 5 | 6 | 7 |
Depreciation DepreciationCr | 144 | 149 | 55 | 48 | 27 | 19 | 13 | 10 | 10 | 11 | 32 | 33 |
| -6 | 3 | 38 | 28 | 31 | 43 | 66 | 47 | 7 | 27 | -35 | 25 |
| 27 | 31 | 24 | 16 | 12 | 16 | 20 | 15 | 0 | 11 | 6 | 8 |
|
| 75.5 | 14.4 | 150.9 | -19.5 | 66.5 | 46.0 | 66.7 | -29.4 | -79.1 | 125.6 | -364.7 | 142.2 |
| -3.8 | -3.4 | 2.0 | 1.8 | 3.2 | 4.8 | 8.3 | 6.3 | 1.3 | 3.0 | -7.1 | 3.1 |
| -2.9 | -2.5 | 1.3 | 1.1 | 1.8 | 2.6 | 4.4 | 3.1 | 0.6 | 1.4 | -3.8 | 1.6 |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 |
|---|
Equity Capital Equity CapitalCr | 109 | 108 | 104 | 106 | 106 | 106 | 105 | 106 | 106 | 106 | 106 | 106 |
| 548 | 511 | 459 | 471 | 460 | 484 | 522 | 547 | 549 | 543 | 516 | 548 |
Current Liabilities Current LiabilitiesCr | 361 | 332 | 272 | 234 | 279 | 273 | 260 | 239 | 232 | 222 | 235 | 314 |
Non Current Liabilities Non Current LiabilitiesCr | 22 | 5 | 5 | 4 | 28 | 23 | 20 | 20 | 20 | 14 | 12 | 13 |
Total Liabilities Total LiabilitiesCr |
Current Assets Current AssetsCr | 632 | 676 | 597 | 570 | 551 | 551 | 466 | 406 | 341 | 271 | 286 | 414 |
Non Current Assets Non Current AssetsCr | 408 | 279 | 244 | 244 | 322 | 335 | 440 | 505 | 566 | 614 | 585 | 568 |
Total Assets Total AssetsCr |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Operating Cash Flow Operating Cash FlowCr | 115 | 108 | 90 | 35 | 10 | 17 | 39 | -24 | 44 | 38 | -24 |
Investing Cash Flow Investing Cash FlowCr | 92 | -18 | 12 | -55 | -92 | 12 | -13 | 17 | -34 | -57 | -32 |
Financing Cash Flow Financing Cash FlowCr | -108 | -65 | -81 | -14 | -19 | -24 | -23 | -11 | -8 | -1 | 22 |
|
Free Cash Flow Free Cash FlowCr | 103 | 106 | 72 | 3 | 10 | 11 | 39 | -24 | -43 | -38 | -46 |
| -354.9 | -391.8 | 640.0 | 305.9 | 55.4 | 62.2 | 85.7 | -74.6 | 653.5 | 248.1 | 58.9 |
CFO To EBITDA CFO To EBITDA% | 93.5 | 73.6 | 90.1 | 53.5 | 35.3 | 45.0 | 59.8 | -53.5 | 355.3 | 171.7 | -223.2 |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Valuation Ratios Valuation Ratios |
Market Cap Market CapitalizationCr | 795 | 1,346 | 940 | 458 | 443 | 150 | 921 | 1,212 | 639 | 638 | 474 |
Price To Earnings Price To Earnings | 0.0 | 0.0 | 66.7 | 40.6 | 23.4 | 5.4 | 20.0 | 37.4 | 95.7 | 42.0 | 0.0 |
Price To Sales Price To Sales | 0.9 | 1.6 | 1.3 | 0.7 | 0.8 | 0.3 | 1.7 | 2.3 | 1.2 | 1.2 | 0.8 |
Price To Book Price To Book | 1.2 | 2.1 | 1.7 | 0.8 | 0.8 | 0.3 | 1.5 | 1.9 | 1.0 | 1.0 | 0.8 |
| 5.0 | 7.6 | 7.3 | 4.2 | 12.3 | 1.9 | 12.1 | 24.6 | 45.3 | 26.7 | 44.6 |
Profitability Ratios Profitability Ratios |
| 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 |
| 14.5 | 18.1 | 13.9 | 10.2 | 5.0 | 6.7 | 12.0 | 8.7 | 2.4 | 4.3 | 1.9 |
| -3.8 | -3.4 | 2.0 | 1.8 | 3.2 | 4.8 | 8.3 | 6.3 | 1.3 | 3.0 | -7.1 |
| -0.4 | 0.8 | 6.8 | 4.8 | 5.5 | 7.4 | 10.6 | 7.3 | 1.2 | 4.7 | -4.3 |
| -4.9 | -4.5 | 2.5 | 2.0 | 3.3 | 4.7 | 7.3 | 5.0 | 1.0 | 2.4 | -6.5 |
| -3.1 | -2.9 | 1.7 | 1.4 | 2.2 | 3.1 | 5.1 | 3.6 | 0.8 | 1.7 | -4.7 |
Operational Ratios Operational Ratios |
Solvency Ratios Solvency Ratios |
Liquidity Ratios Liquidity Ratios |
### **Overview**
OnMobile Global Ltd, headquartered in Bangalore, India, is a leading B2B provider of mobile gaming and digital entertainment solutions. Operating in **69 countries** with **over 127 global customers**—primarily telecom operators—OnMobile serves a vast user base of **over 71.3 million monthly active users**. Since its inception in 2004, the company has evolved into a digital engagement enabler, strategically pivoting toward mobile gaming, gamification, and next-generation telco platforms.
---
### **Core Business Segments & Offerings**
#### **1. Mobile Gaming (Primary Growth Driver)**
OnMobile’s gaming segment has emerged as the key engine of growth, with over **10.6 million active subscribers** and generating **$1.3 million in monthly subscription revenue** as of March 2025 (up 51% YoY), targeting **$2 million by FY26**.
Key platforms include:
- **Challenges Arena**: A telco-driven skill-based gaming platform with **6.61 million active users** and deployments across **78 telecom operators**. Features trivia, puzzles, fantasy sports, and social competitions.
- **ONMO**: A cloud-native social esports platform offering instant, zero-download gameplay. As of August 2025, serving **4+ million users** across **41+ telecom operators**, with immersive UX and co-play features.
- **The Gaming Platform (TGP)**: A unified, modular, telco-branded ecosystem integrating casual games, cloud gaming, esports, lifestyle content, and rewards. Evolving into a **Telco-Led Interactive App Store**, aimed at boosting ARPU and retention.
Monetization models span **subscriptions, in-app purchases, advertising, platform licensing, and real-money gaming**, with a focus on increasing Customer Lifetime Value (LTV).
---
#### **2. Digital Entertainment (Tones, Videos, Contests, Infotainment)**
Despite headwinds in legacy services, OnMobile continues to optimize and modernize its digital entertainment portfolio.
- **Tones (Ringback Tones - RBT)**:
- Serves **58 million+ subscribers** across **31 live telecom partners**.
- Innovating with **AI-generated personalized RBTs**, VoLTE-enabled services via in-house **IMS Application Server**, and bundling with telco tariff plans.
- Developing a **lightweight, multi-tenant, cloud-native RBT platform** to lower costs and improve agility for small- and mid-sized operators.
- **Infotainment & Content Services**:
- Offers **videos, news, contests, sports, and kids’ content**, delivered via a **single aggregator platform**.
- Launched a **premium news & magazine aggregatio**n platform with AI personalization, integrated with telco billing systems.
- **Contests & Videos** drive engagement through reward-based, interactive formats with localized content.
- **O-Cade**: A subscription-based mobile gaming platform launched in 2022 with **4.5–4.97 million active subscribers**, operating across **40–42 telecom operators**.
---
#### **3. Enterprise Engagement (Buzzmo & Gamize)**
OnMobile has extended its reach beyond telcos into enterprise digital engagement via proprietary platforms:
- **Buzzmo**: An **AI-powered CPaaS (Communications Platform as a Service)** rebranded from Enterprise Connect. It enables omni-channel messaging (WhatsApp, RCS, SMS) for enterprise clients.
- Deployed with **Vodafone Qatar**, supporting over **800 enterprise clients**.
- Facilitated **5+ billion engagement transactions in FY25**.
- Positioned as a **Customer Engagement Platform** helping telcos compete in the B2B digital space.
- **Gamize**: A **low-code, SaaS gamification platform** for brands and enterprises.
- Monetizes via **pay-per-use model**.
- Used in retail, BFSI, edtech, and telecom, enabling **referrals, streaks, leaderboards, and rewards**.
- Generated **INR 2.1 million in FY25** with **1.26 million daily engaged users**.
---
### **Strategic Initiatives & Technological Innovation**
- **AI & Automation**:
- Embedded AI across operations, including **ad optimization, fraud detection, content creation**, and **anomaly forecasting**.
- **OARM (OnMobile Automation and Release Management)** covers **92% of operations**, reducing deployment time and risk. Recognized as **Best ML-Based Automation Tool (2025)**.
- AI-assisted development tools delivered **20–70% productivity gains**.
- **Cloud & Edge Infrastructure**:
- Building a **global gaming infrastructure** with **30+ Points of Presence (POPs)** in emerging markets.
- Partnered with **DeOSphere** to deploy a decentralized OS for **edge computing and game streaming**, unlocking new revenue from infrastructure leasing.
- Developed **native-like cross-platform apps** using web infrastructure, cutting development effort by **60%**.
- **Platform Consolidation & Cost Efficiency**:
- Unified backend for gaming platforms, enabling cross-operator gameplay and shared leaderboards.
- Achieved **25% lower infrastructure costs** and **40% faster response times** via backend re-architecture.
- Reduced **COGS and operational costs** through automation, tech upgrades, and headcount optimization (down from 449 to 350 employees in FY25).
---
### **Market Expansion & Partnerships**
- **Dialog Axiata PLC (Sri Lanka)**: Appointed as **Master VAS Aggregator**, managing end-to-end VAS ecosystem (billing, compliance, analytics), allowing Dialog to scale its digital services.
- **Vodafone Qatar**: Strategic partner for **Buzzmo**, reinforcing OnMobile’s enterprise engagement capabilities.
- **Expanding LATAM Presence**: Re-entered the market with a **Mexico telco launch**, supported by localized platforms and VoLTE-ready RBT services.
- **India & Emerging Markets**: Focus on **bundling digital services with tariff plans** and leveraging **operator billing** for frictionless user acquisition.