OnEMI Technology Solutions Limited share price

Key numbers

Market cap

₹ 6,176 Cr

Current price

₹ 348.40

52-week high / low

₹ 373 / 190

Stock P/E

18.5

Book value

₹ 113.1

Dividend yield

0.00%

ROCE

13.2%

ROE

17.7%

Debt to equity

1.55

Sales growth (3 yrs)

-

Profit growth (3 yrs)

-

1-year return

-

About OnEMI Technology Solutions Limited

OnEMI Technology Solutions Limited operates as a digital lending platform in India and internationally. It offers financial technology solutions. The company also provides personal loans and loans against property products, leveraging data analytics, alternative credit scoring, and technology infrastructure. In addition, it offers Kissht, a trusted financial platform; and PaywithRING, a cutting-edge digital app designed to provide instant loans in just minutes. The company serves salaried and self-employed individuals. The company was formerly known as OnEMI Technology Solutions Private Limited and changed its name to OnEMI Technology Solutions Limited. The company was incorporated in 2016 and is based in Mumbai, India.

Quarterly results

Consolidated figures in ₹ crores

Concall summary (2026-08-04)

AI summary of the earnings call transcript · tone: Positive · source document

Guidance & outlook

• Credit cost was 6.80% of average AUM, down from 7.02% in Q4 FY26 and 8.85% in Q1 FY26.
• We firmly hold to our guidance which we gave last quarter, which is 15% reduction in credit cost , and we are tracking well on that.

Growth & demand

• The registered users grew 33% year-on-year to 74.6 million.
• Profit after tax grew to INR 95 crores, higher by 59% year - on-year and 16% quarter -on-quarter.

Margins & costs

• Also, a rising share of off -book lending, which has gone up from 49.7% to 53.6%, adds to the reduction in revenue margin.
• Pre-provisioning operating profit was INR 256 crores, which is up 42% year-on-year.

Capex & expansion

• 50% of this cost is fixed cost, which is largely our investments in technology, our investment in leadership, our investment in all other admin expenses etc.

Balance sheet & cash

• You must have seen the operating leverage some evidence of that, 19.9% cost which was opex as a proportion of AUM has already come down to 18 .0% percent.
• And just comparing it to the AUM level cost of borrowing which you see at 4.45% just to, it is not apples to apples, the 4.45% also includes the GST impact on processing fee, but keeping that aside, the incremental borrowing that we did was good 150 basis points lower than what the average borrowing cost of FY26.

Peers in Credit Services

• Bajaj Finance Limited
• Shriram Finance Limited
• Tata Capital Limited
• Cholamandalam Investment and Finance Company Limited
• Muthoot Finance Limited
• Power Finance Corporation Limited
• Indian Railway Finance Corporation Limited
• L&T Finance Limited
• SBI Cards and Payment Services Limited
• HDB Financial Services Limited