Down 70.6 per cent since listing: Should you invest in Paytm now?

One97 Communications (Paytm) came out with its IPO three months ago. You can find our detailed analysis of the issue. In this update, we will look at Paytm's market performance and business performance post issue. Our analysis of the IPO One97 Communications -owned Paytm is one of India's leading digital eco-system for merchants and consumers. Their services include payment services, cloud services, and various other financial services. They cater to 33 crore registered customers and 2 crore registered merchants as of June 30, 2021. Consumers can use the platform for various purposes such as peer-to-peer transactions, in-store payments, bill payments, ticket bookings, and financial products such as insurance, credit card, personal loans and more. The company holds a 49 per cent stake in Paytm Payments Bank, the only profitable venture of Paytm, which provides services such as wallets, FASTags, bank accounts and UPI services. Based on the company's leadership and brand recognition, we gave the company a score of 14 out of 26. Some of the concerns we had were its continuous losses and cash burn. Our rating of the company was based on the following factors: Out of 11 business metrics, the company did well only on five. Out of six management-related metrics, the company did well on five. Out of eight financial metrics, the company did well on four. On the only valuation-related metric, the company failed to perform well. Stock