Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Title A name given to the resource Articles Article Faculty Publications -Articles Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Title A name given to the resource Paytms crossroads: an analysts dilemma Subject The topic of the resource Business valuation; Discounted cash flow; Finance companies; Financial investment; Financial modeling; Fundamental analysis; New-age tech companies; Payments; Regulations; Value creation Description An account of the resource Learning outcomes: This case study enables participants to:??To understand the fintech landscape in India and assess how market dynamics can impact Paytms valuation.??To evaluate the drivers affecting the value of Paytm and arrive at Paytms valuation.??To critically appraise the investment decision made. Case overview/synopsis: Rajani Chandran, a seasoned financial analyst, relooks her recommendation of Paytm in light of the recent revocation of its Payment Bank License. Paytm, the flagship service of One97 Communications Ltd., a financial technology company, is a pioneer in the Indian digital payments and financial services market. However, the developments post going public in 2021 were not always favorable. The frequent fallout with Reserve Bank of India brought restrictions on onboarding new customers and ultimately the revocation of the license. This drastic move is of huge concern to those who have invested in the company. Thus, given this backdrop, Rajani initially explored the dynamic landscape of the Indian digital payments and fintech industry, considering macroeconomic factors, competition and regulatory dynamics. She delved into Paytms financial performance to gauge its position in the market. The next phase of the careful scrutiny involved arriving at the equity value of the venture using the discounted cash flow model. Finally, Rajani critically appraised the drivers of valuation, incorporating both quantitative and the story she has crafted around Paytm. Consequently, participants in this case study are prompted to evaluate Paytm and arrive at a valuation and furnish a comprehensive recommendation based on their analyses, thus understanding the intricacies of evaluating a fintech company with immense potential. This case study serves as a valuable resource for students seeking to comprehend the complexities of financial analysis and valuation within the context of a dynamic and evolving industry landscape. Complexity academic level: The case is best suited for a course on Financial Statement Analysis while discussing how the financial statements of new-age tech companies can be analyzed and Business Valuation while introducing DCF valuation. The case serves as a comprehensive example of the multifaceted challenges and considerations that a buy-side analyst should have while valuing a company and pitching an investment within the fintech industry. Designed for second-year MBA students, the case assumes familiarity with financial reporting and strategic management concepts such as Political, Economic, Social, Technological, Legal and Environmental (PESTLE) and strength, weakness, opportunity and threat (SWOT) analyses and Business Canvas Model. Supplementary material: Teaching notes are available for educators only. Subject code: CSS 1: Accounting and Finance. 2025, Emerald Publishing Limited. Creator An entity primarily responsible for making the resource Simon A.E.; Ramesh L. Source A related resource from which the described resource is derived Emerald Emerging Markets Case Studies, Vol-15, No. 1, pp. 1-24. Publisher An entity responsible for making the resource available Emerald Publishing Date A point or period of time associated with an event in the lifecycle of the resource 2025-01-01 Identifier An unambiguous reference to the resource within a given context <a href="https://doi.org/10.1108/EEMCS-08-2024-0333" target="_blank" rel="noreferrer noopener">https://doi.org/10.1108/EEMCS-08-2024-0333</a> <br /><br /><a href="https://www.scopus.com/inward/record.uri?eid=2-s2.0-85216958139&amp;doi=10.1108%2FEEMCS-08-2024-0333&amp;partnerID=40&amp;md5=9e0ce85f350abbf23bd6772eed56ddf0" target="_blank" rel="noreferrer noopener">https://www.scopus.com/inward/record.uri?eid=2-s2.0-85216958139&amp;doi=10.1108%2fEEMCS-08-2024-0333&amp;partnerID=40&amp;md5=9e0ce85f350abbf23bd6772eed56ddf0</a> Rights Information about rights held in and over the resource Restricted Access Relation A related resource ISSN: 20450621 Format The file format, physical medium, or dimensions of the resource Online Language A language of the resource English Type The nature or genre of the resource Article Coverage The spatial or temporal topic of the resource, the spatial applicability of the resource, or the jurisdiction under which the resource is relevant Simon A.E., School of Business and Management, Christ University, Bangalore, India; Ramesh L., School of Business and Management, Christ University, Bangalore, India