Paytm app download offer7/14/2023 We are unwilling to give it a premium here as we are unsure about the path to profitability,” the analysts wrote. Most fintech players globally trade around 0.3x-0.5xprice to sales growth ratio and we have assumed the upper end of this band. ![]() “Paytm’s valuation, at around 26x FY23E Price to Sales (P/S), is expensive especially when profitability remains elusive for a long time. Ahead of the listing brokerage Macquarie assigned a target price of Rs 1,200 for the stock, a level that is 44% lower than the offer price.
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