Rentomojo's post-IPO performance and business model discussed following first quarterly results since listing

Tue 6 Oct 2026

Last year revenue

390 crore rupees

Equivalent sell-model revenue

1,100 crore rupees

Current stock price

510 rupees

Price above IPO

100 rupees

Heard on business television between 08:37:12 - 08:40:12 IST.

• Company generated Rs 390 crore in revenue last year, equivalent to about 36-37% of what a sell-based model would yield (~Rs 1,100 crore).
• Management said it earns margin repeatedly over the asset's life cycle via subscription, unlike a one-time sale model.
• Key growth metric is 'items ordered', which flows through to items delivered, revenue, and subscriber base.
• Stock trading around Rs 510-512, about Rs 100 above its IPO price.
• Analyst Mayur Joshi called it an interesting business model but flagged risk from heavy cash deployment into inventory limiting free cash flow growth.

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