Route Mobile Ltd(ROUTE)

NSE: ROUTEBSE: 543228

₹ 416.2-2.75%refreshed 23 Oct, 03:56 pm ISTMarket cap: ₹ 2,622 crNext results: 27 Oct 2026Website: www.routemobile.comUpdated: 24 Oct 2026

About

Route Mobile is a cloud communications (CPaaS) provider offering A2P SMS, RCS, WhatsApp Business, voice and omnichannel messaging to enterprises, along with firewall and RCS products for telecom operators. Its reported revenue for FY26 was 4408.21. It is majority-owned by Proximus Group (via BICS/TeleSign) and operates two segments: Overseas (81.5% of FY26 revenue) and India (18.5%).^[1][2][3][4]

Business segments

Overseas segment: 81.5% of FY26 revenue (₹4,129.31 cr), EBIT margin 9.1%; India segment: 18.5% of FY26 revenue (₹934.39 cr), EBIT margin 7.4%. India's share fell 10.6 pp over FY21 - FY26.^[5]
ILD (international long-distance SMS) is estimated at roughly one-quarter to one-third of revenue; new products (RCS, WhatsApp, IP messaging) were ~8% of FY26 revenue at ₹3,526 mn, with a 43% four-year CAGR since FY22.^[2]

Products and services

Core portfolio: A2P SMS (including ILD), RCS, WhatsApp Business, email, voice and omnichannel CPaaS. The new-product suite grew 13.9% YoY and 10.5% QoQ in Q1 FY27.^[3]
MNO Solutions include an AI-powered SMS firewall platform and RCS MapServer, sold to telecom operators through deployments such as the Claro multi-country deal.^[4]
Network API capability branded 'Konera' (Proximus Global initiative) was piloted with a Silent Verification solution at Aakash Education in India, as of Q4 FY26.^[2]
BPO service line had 2,500 seats as of Q2 FY26, with plans to add 500 - 1,000 seats.^[4]

Key operating numbers

Billable transactions: 45.80 bn in Q1 FY27; 45.1 bn in Q4 FY26; 40.5 bn in Q3 FY26; 84.4 bn in H1 FY26.^[3]
Gross profit margin: 20.9% in Q1 FY27 vs 21.4% in Q1 FY26 and 23.3% in Q4 FY26; 22.9% in FY26 vs 20.8% in FY25.^[3]
Adjusted EBITDA margin: 9.5% in Q1 FY27 vs 11.0% in Q1 FY26 and 11.9% in Q4 FY26; 11.9% in FY26 vs 11.5% in FY25.^[3]
Net revenue retention was 98% and active billable clients 2,100+ in Q1 FY27.^[3]

Customers and distribution

TeleSign (Proximus group) accounted for ~14% of revenue in Q3 FY26 and ~15% in Q2 FY26, at 10 - 11% EBIT margin.^[6]
Enterprise wins in Q3 FY26 included two of the world's largest retail chains (WhatsApp last-mile logistics) and a state-owned waterways company (ferry ticketing on WhatsApp).^[6]
Partnerships with Infosys and Tech Mahindra expanded the enterprise pipeline in Q3 FY26; a large global logistics provider was onboarded via Tech Mahindra in Q2 FY26.^[6]
Sales were restructured in Q2 FY26 into two divisions: telco products (firewall, RCS MapServer, CPaaS-in-a-box) and enterprise omnichannel.^[4]

Expansion and strategy

Five-pillar FY27 strategy (Elevate, Innovate, Deepen, Expand, Accelerate) launched at Q4 FY26 results, covering platform scaling, an AI/India innovation hub, client wallet share, new geographies and AI-led M&A.^[2]
Mexico and the Philippines are near-term market priorities; MapServer deployments are being pursued with African and Latin American operators via BICS, as of Q4 FY26.^[2]
Agreement signed on 13 July 2026 to acquire Heltar Technologies' AI-driven low-code omnichannel platform (WhatsApp, RCS, voice) by slump sale, funded from internal accruals.^[3]

Recent developments

Q1 FY27 gross margin fell to 20.9% from 23.3% in Q4 FY26 due to traffic disruption at a large Indian customer and a security incident at Colombian subsidiary Masivian.^[3]
Claro multi-country firewall deployment was behind schedule as of Q1 FY27 with no revenue recognised; go-live guided for Q2 FY27.^[3]
Strategic partnership with Truecaller entered in Q1 FY27 for trusted business communication; integration in early testing with enterprise customers.^[3]
Final dividend of ₹2 per share (20%) proposed for FY26, record date August 18, 2026.^[7]
Interim dividend of ₹4 per share declared for Q1 FY27; dividend set at ₹16.5 per share a year, paid quarterly, from FY27.^[3]
Firewall business recorded its highest-ever monthly revenue as of Q4 FY26.^[2]

Market Cap

₹2,622 Cr

High / Low

₹771 / 411

Stock P/E

10.6

Price / Book

0.9

Book Value

₹440

EPS

₹37.9

No. of Shares

6.3 Cr

ROCE

17.3%

ROE

9.2%

OPM

11.2%

Debt / Equity

0.00

Sales

₹4,408 Cr

Net Profit

₹257 Cr

Promoter holding

74.8%

Loading chart…

Signal history

AI Deep Dive

The analysis Screener can't give you

Our models read the latest earnings call, annual report, and financials end-to-end - then grade management, value the business, and flag the risks. Unlock all of it for this company:

Verdict
The headline call - descriptive label, conviction, and the synthesis behind it.
Valuation
Guidance-anchored P&L bridge - worst / average / best multiple cases.
Walk the talk
Did management deliver on past guidance? A commitment-by-commitment scorecard.
Red flags
Forensic and governance risk pointers, severity-ranked.
Balance sheet
Solvency and earnings-quality score.
Concall briefs
Quarter-by-quarter earnings-call briefs - what changed and why.

₹49 unlocks this company for 90 days, ₹299 for a full year - bundles bring it lower. Built on public disclosures - educational, not investment advice.

AI Deep Dive

Verdict

Locked

The headline call - descriptive label, conviction, and the synthesis behind it.

Company data

Financials

Route Mobile Ltd(ROUTE)

About

Business segments

Products and services

Key operating numbers

Customers and distribution

Expansion and strategy

Recent developments

Signal history

The analysis Screener can't give you

AI Deep Dive

Verdict

Company data

Product Segments

Corporate Actions