Price
Financials
Standalone, Rs crore| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 37 | 39 | 41 | 45 | 48 | 49 | 53 | 61 | 60 | 63 | 64 | 72 |
| Interest | 19 | 22 | 23 | 24 | 25 | 26 | 26 | 28 | 28 | 29 | 29 | 35 |
| Expenses | 320 | 326 | 353 | 389 | 404 | 407 | 438 | 400 | 351 | 344 | 306 | 285 |
| Financing Profit | -303 | -308 | -335 | -367 | -382 | -384 | -411 | -368 | -319 | -311 | -270 | -248 |
| Financing Margin % | -828% | -787% | -808% | -810% | -799% | -777% | -779% | -603% | -530% | -494% | -422% | -344% |
| Other Income | 322 | 331 | 360 | 392 | 408 | 412 | 441 | 392 | 340 | 328 | 275 | 235 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 20 | 23 | 25 | 24 | 26 | 28 | 30 | 25 | 21 | 17 | 4 | -14 |
| Tax % | 0% | 0% | 0% | 0% | 18% | 19% | 19% | 28% | 28% | 30% | -73% | 0% |
| Net Profit | 20 | 23 | 25 | 24 | 21 | 23 | 24 | 18 | 15 | 12 | 7 | -14 |
| EPS in Rs | 2.35 | 2.74 | 3.03 | 2.92 | 2.54 | 2.78 | 2.88 | 2.13 | 1.84 | 1.47 | 0.85 | -1.65 |
| Gross NPA % | ||||||||||||
| Net NPA % |
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 16 | 19 | 18 | 20 | 36 | 95 | 150 | 195 | 248 | 259 |
| Interest | 3 | 6 | 10 | 10 | 15 | 47 | 79 | 101 | 114 | 121 |
| Expenses | 279 | 410 | 690 | 707 | 915 | 1,076 | 1,260 | 1,576 | 1,330 | 1,287 |
| Financing Profit | -266 | -396 | -682 | -697 | -895 | -1,028 | -1,189 | -1,481 | -1,196 | -1,148 |
| Financing Margin % | -1,716% | -2,068% | -3,760% | -3,441% | -2,512% | -1,084% | -792% | -759% | -482% | -443% |
| Other Income | 215 | 352 | 673 | 771 | 973 | 1,135 | 1,328 | 1,652 | 1,340 | 1,178 |
| Depreciation | 16 | 18 | 24 | 54 | 35 | 42 | 53 | 62 | 76 | 0 |
| Profit before tax | -67 | -62 | -32 | 20 | 43 | 65 | 86 | 108 | 67 | 29 |
| Tax % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 15% | 22% | |
| Net Profit | -67 | -62 | -32 | 20 | 43 | 65 | 86 | 93 | 52 | 21 |
| EPS in Rs | -15.11 | -13.99 | -7.19 | 4.59 | 5.14 | 7.82 | 10.36 | 11.12 | 6.30 | 2.51 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | % | 65% | 38% | 23% | ||
| Compounded Profit Growth | % | 20% | -7% | -72% | ||
| Stock Price CAGR | % | % | -26% | -52% | ||
| Return on Equity | % | 12% | 11% | 7% |
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 45 | 45 | 45 | 45 | 83 | 83 | 83 | 83 | 83 |
| Reserves | 180 | 118 | 85 | 106 | 397 | 469 | 560 | 664 | 722 |
| Deposits | 39 | 48 | 118 | 243 | 503 | 917 | 1,413 | 1,939 | 2,379 |
| Borrowing | 48 | 83 | 111 | 181 | 250 | 434 | 713 | 839 | 1,535 |
| Other Liabilities | 226 | 392 | 266 | 436 | 448 | 563 | 651 | 680 | 592 |
| Total Liabilities | 538 | 684 | 624 | 1,010 | 1,680 | 2,466 | 3,419 | 4,206 | 5,312 |
| Fixed Assets | 46 | 42 | 49 | 62 | 92 | 139 | 148 | 167 | 355 |
| CWIP | 1 | 0 | 0 | 2 | 0 | 5 | 47 | 130 | 9 |
| Investments | 64 | 73 | 128 | 504 | 631 | 1,146 | 1,747 | 2,388 | 3,254 |
| Other Assets | 427 | 569 | 446 | 443 | 956 | 1,175 | 1,477 | 1,520 | 1,693 |
| Total Assets | 538 | 684 | 624 | 1,010 | 1,680 | 2,466 | 3,419 | 4,206 | 5,312 |
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | -84 | -32 | 207 | -20 | 57 | 76 | -307 | ||
| Cash from Investing Activity | -31 | -69 | -64 | -97 | -104 | -164 | -143 | ||
| Cash from Financing Activity | 28 | 70 | 352 | 184 | 279 | 127 | 696 | ||
| Net Cash Flow | -86 | -31 | 495 | 68 | 232 | 39 | 246 | ||
| Free Cash Flow | -114 | -101 | 143 | -114 | -47 | -88 | -449 | ||
| CFO/OP | 13% | 6% | -24% | 2% | -5% | -6% | 27% |
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| ROE % | -30% | -32% | -22% | 15% | 14% | 13% | 14% | 13% | 7% |
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 75.00% | 75.00% | 75.00% | 75.00% | 75.00% | 75.00% | 75.00% | 75.00% | 75.00% | 75.00% | 75.00% | 75.00% |
| FIIs | 5.57% | 5.09% | 5.12% | 5.12% | 4.21% | 3.70% | 4.08% | 2.54% | 2.67% | 2.69% | 1.33% | 0.31% |
| DIIs | 6.83% | 5.58% | 5.92% | 5.99% | 6.14% | 6.08% | 3.52% | 3.04% | 3.35% | 0.45% | 0.40% | 0.00% |
| Public | 12.60% | 14.34% | 13.97% | 13.90% | 14.65% | 15.22% | 17.41% | 19.43% | 19.00% | 21.87% | 23.27% | 24.68% |
| No. of Shareholders | 67,998 | 68,897 | 65,150 | 63,919 | 64,495 | 64,460 | 64,104 | 63,093 | 61,622 | 61,483 | 62,358 | 62,125 |
Fundamentals
Market Cap₹ 1,077 Cr.
Current Price₹ 129
Stock P/E44.0
Book Value₹ 96.8
ROCE4.41 %
ROE6.76 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)23%
Compounded Profit Growth (TTM)-72%
Standalone figures.
Valuation
Market capRs 1,067 Cr
Enterprise valueRs 3,663 Cr
P/E (TTM)50.86x
Price to book1.43x
Price to sales4.11x
EV / EBITDA17.24x
EV / EBIT24.37x
EV / sales14.12x
Price to cash flow14.00x
Earnings yield1.97%
P/E, 3-year average24.68x
P/B, 3-year average3.10x
P/E, 5-year average30.75x
P/B, 5-year average3.41x
Profitability
Operating margin (excl. other income)-707.26%
Operating margin (incl. other income)138.85%
EBITDA margin81.90%
Pre-tax margin11.20%
Net profit margin8.09%
Net margin, latest quarter-18.99%
ROE13.31%
ROCE6.64%
ROA2.43%
ROE, 3-year average13.45%
ROCE, 3-year average6.96%
ROA, 3-year average2.83%
ROE, 5-year average13.70%
ROCE, 5-year average6.75%
ROA, 5-year average2.84%
ROIC (approx.)3.84%
Tax rate14.60%
Other income / net worth221.17%
Growth
Sales growth (latest year)30.11%
Profit growth (latest year)7.32%
Sales CAGR, 3 years76.30%
Sales CAGR, 5 years60.85%
Profit CAGR, 3 years29.36%
Sales growth QoQ12.68%
Profit growth QoQ-293.24%
Sales growth YoY (latest quarter)18.43%
Profit growth YoY (latest quarter)-177.25%
Per share
EPS (TTM)Rs 2.52
EPS (latest year)Rs 11.12
EPS (latest quarter)Rs -1.65
EPS, 3-year averageRs 9.77
EPS, 5-year averageRs 7.81
Book value per shareRs 89.75
Sales per shareRs 31.17
Cash flow per shareRs 9.16
Free cash flow per shareRs -53.95
Efficiency
Asset turnover0.05x
Fixed asset turnover1.17x
Leverage
Total debtRs 2,779 Cr
Cash and bankRs 183 Cr
Net debtRs 2,596 Cr
Debt to equity3.72x
Net debt / EBITDA12.22x
Interest coverage1.24x
Owners' fund to total sources17.76%
Debt to assets66.07%
Cash flow
Cash from Operating Activity (latest year)Rs 76 Cr
Cash from Investing Activity (latest year)Rs -164 Cr
Cash from Financing Activity (latest year)Rs 127 Cr
Net Cash Flow (latest year)Rs 39 Cr
Free cash flow (latest year)Rs -449 Cr
FCFE (approx.: FCF + change in debt)Rs 205 Cr
Cash from ops / profit, 5 years0.04x
Sales to cash flow2.56x
Statement figures
Net sales (TTM)Rs 259 Cr
Net sales (latest year)Rs 195 Cr
Sales (latest quarter)Rs 72 Cr
Operating profit excl. other income (latest year)Rs -1,381 Cr
Operating profit (latest quarter)Rs -213 Cr
Other income (TTM)Rs 1,178 Cr
EBITDA (TTM)Rs 212 Cr
PBDT (TTM)Rs 91 Cr
Profit before tax (TTM)Rs 29 Cr
Tax (latest year)Rs 16 Cr
Net profit (TTM)Rs 21 Cr
Net profit (latest year)Rs 93 Cr
Net profit (latest quarter)Rs -14 Cr
Depreciation (TTM)Rs 62 Cr
Interest (TTM)Rs 121 Cr
Cost of goods sold (latest year)Rs 12 Cr
Total expenditure (latest year)Rs 1,576 Cr
Total income (latest year)Rs 1,847 Cr
Share capitalRs 83 Cr
ReservesRs 664 Cr
Shareholders' fundsRs 747 Cr
Total assetsRs 4,206 Cr
Net blockRs 167 Cr
Capital work in progressRs 130 Cr
InvestmentsRs 2,388 Cr
Other liabilitiesRs 680 Cr
Shares outstanding (crore)8.32
Ownership
Promoter holding75.00% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 50.9 is at the 51th percentile of its own 4.4-year range
(median 50.8, low 14.2, high 110.1).
P/B 1.43 is at the 2th percentile (median 4.95).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | FINOPB | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -0.8% | -2.8% | +2.0 pts |
| 1 month | -6.0% | -6.8% | +0.8 pts |
| 3 months | -6.1% | -7.6% | +1.5 pts |
| 6 months | +8.6% | +0.4% | +8.1 pts |
| 1 year | -51.3% | -9.9% | -41.3 pts |
| 2 years | -68.5% | -13.6% | -55.0 pts |
| 3 years | -59.4% | +14.2% | -73.6 pts |
Red flags
F-score 5 of 8| explain | Weak cash conversion Cash from operations was 46% of net profit over the last 3 years |
| look | Profit leans on other income Other income was 1525% of pre-tax profit in 2026 |
| look | Regulator order or action Regulator order or action 2025-10-06: Fino Payments Bank Limited has informed the Exchange about Settlement Order passed by the SEBI |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Jun 2026Revenue ₹72 Cr +18.0% vs Jun 2025.
Net loss ₹14 Cr.
Against our estimate for Jun 2026: sales -5.3%, profit -183.6% big miss. Our estimate for Sep 2026: sales Rs 72 Cr, profit Rs 11 Cr (how).
Activity
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| Utkarsh Small Finance Bank Ltd | 2,472 | 1.46 % | |
| ESAF Small Finance Bank Ltd | 2,292 | 5.65 % | |
| Suryoday Small Finance Bank Ltd | 1,538 | 8.02 | 7.33 % |
| Capital Small Finance Bank Ltd | 1,273 | 8.45 | 7.07 % |
No bulk or block deals on record.
No corporate actions on record.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
High low price variation greater than 150perc in previous 12 monthsHigh low price variation greater than 200perc in previous 365 DaysScrip PE is greater than 50 (4 trailing quarters)
Quick answers
What is the market cap of Fino Payments Bank Ltd?
Fino Payments Bank Ltd (FINOPB) has a market capitalisation of Rs 1,077 Cr. at the 2026-10-01 close.
What is the P/E ratio of Fino Payments Bank Ltd?
Fino Payments Bank Ltd trades at a P/E of 44.0 on trailing twelve-month profit, at the 2026-10-01 close.
What were Fino Payments Bank Ltd's latest quarterly results?
In the Jun 2026 quarter, Fino Payments Bank Ltd revenue was Rs 72 Cr (+18.0% vs Jun 2025) with a net loss of Rs 14 Cr.
What is the 52-week high and low of Fino Payments Bank Ltd?
The 52-week high is Rs 339.00 and the 52-week low is Rs 110.03.