Fino Payments Bank Limited
NSE: FINOPBOther Bank
Share price
₹139.42
-4.20% close of 9 Oct 2026
Price-based ratios (P/B, dividend yield, EV/EBITDA) are as of 8 Oct 2026, the close above is 9 Oct 2026.
Business score
How strong the business is, in one number. The parts behind it are in Pro.
36
out of 100 · worked out 8 Oct 2026
Your ratios
The numbers you want to see first. Tap Edit to change them.
Market cap
₹1,157 Cr
P/E ratio
57.9
P/B ratio
1.4
ROCE
4.4%
ROE
6.7%
Dividend yield
0.0%
Price & valuation chart
How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.
Answers
Simple answers to the questions investors ask most, from the company's own numbers.
How fast it has been growing
Sales grew 22.7% over the past year, and 66.8% a year over its longer record. Meanwhile what it keeps on lending improved from -2253.1% to -447.5% over the last four years.
Whether it grew faster than its sector
It grew 66.8% a year against a sector median of 16.0% — 50.8 percentage points faster.
Room to re-rate, or risk of de-rating
At 57.9× earnings it costs 2.4× the market, which pays 24.1× across 2199 companies we can price. Its own industry sits at 14.1×, across 4 companies. It is against its own five-year median of 30.9×, the 88th percentile of its own range.
Whether growth justifies the valuation
Its earnings are falling, so growth cannot justify the price.
| Profit growth | Price per ₹1 profit | Per 1% growth | |
|---|---|---|---|
| Fino Payments Bank Limited — this one | -7%/yr | 57.9× | — |
| AU Small Finance Bank Limited | 23%/yr | 25.7× | ₹1.1 |
| Ujjivan Small Finance Bank Limited | -14%/yr | 13.2× | — |
| Equitas Small Finance Bank Limited | -44%/yr | 14.7× | — |
| Jana Small Finance Bank Limited | 8%/yr | 13.5× | ₹1.7 |
| Utkarsh Small Finance Bank Limited | — | — | — |
Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
How it compares with its peers
Against companies the exchange files under the same label (Other Bank), it ranks 6 of 9 on returns, 1 of 9 on growth. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
What makes it hard to beat — and is that still true?
No durable advantage shows in the numbers: it earns 6.7% on capital, ahead of 33% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
Whether its growth pays for itself
This question does not fit a lender: the money it lends out is its day-to-day outflow and the deposits or premiums it takes are the inflow, so a cash bridge cannot say whether its growth pays for itself. Look at the return on owners' money instead.
Profit reality check
Is the profit real cash? Simple checks on the accounts. Facts only, not advice.
Not enough filed accounts to run these checks yet.
Latest result · Q1 FY27
What the last results showed. Whether management kept its word is in Pro.
Announced 13 Aug 2026 · Standalone · Unaudited
Revenue
₹307 Cr
Net profit
-₹14 Cr
Profit vs last year
-177.3%
Profit vs last quarter
-293.2%
Net margin
-4.5%
EPS
₹-1.65
Earnings call transcript · 14 Aug 2026
Checklist before you investPRO
Points for and against, in one list.
Key numbers & peers
The main numbers grouped by topic, and how the company compares with similar ones.
Price
- Market cap
- ₹1,157 Cr
- Prev close
- ₹139.42
- 52w High
- ₹339
- 52w Low
- ₹110
- Enterprise value
- —
- Beta
- 1.4
- Price CAGR 1y
- -57.0%
- Price CAGR 3y
- -25.0%
- Price CAGR 5y
- —
- Price CAGR 10y
- —
Ratios
- Return on assets
- 1.0%
- PEG ratio
- -6.8
- P/E ratio
- 57.9
- P/B ratio
- 1.4
- EV / EBITDA
- —
- Industry P/E
- 13.6
- ROCE
- 4.4%
- ROCE 5y average
- 6.4%
- ROE
- 6.7%
- Debt / Equity
- 4.9
- Interest coverage
- —
- Dividend yield
- 0.0%
- ROE 3y average
- 11.0%
- ROE last year
- 7.0%
Annual P&L
- Annual revenue
- ₹248 Cr
- Annual profit
- ₹52 Cr
- Operating margin
- -482.0%
- Net profit margin
- 21.0%
- EBITDA margin
- -482.3%
- Sales growth 3y
- 37.7%
- Sales growth 5y
- 65.5%
- Profit growth 3y
- -7.0%
- Profit growth 5y
- 20.0%
- EPS
- ₹6.3
- Sales growth TTM
- 23.0%
- Profit growth TTM
- -72.0%
- Dividend payout
- 0.0%
Quarter P&L
- Sales latest quarter
- ₹72 Cr
- Profit latest quarter
- -₹14 Cr
- YoY quarterly sales growth
- 18.0%
- YoY quarterly profit growth
- -177.8%
- OPM latest quarter
- -344.0%
Balance Sheet
- Book Value
- ₹97.0
- Face Value
- ₹10.0
- Total debt
- ₹3,915 Cr
- Total cash
- ₹1,351 Cr
- Borrowings
- ₹3,915 Cr
- Reserves / Equity
- 8.7
Cash Flow
- Operating cash flow
- -₹307 Cr
- Free cash flow
- -₹449 Cr
- FCF yield
- —
- Net cash flow
- ₹246 Cr
Shareholding
- Promoter holding
- 75.0%
- FII holding
- 0.3%
- DII holding
- 0.0%
- Public holding
- 24.7%
Peer comparison
| Company | Price ₹ | P/E | Mkt cap ₹ Cr | Div yield % | Profit qtr ₹ Cr | Profit var % | Sales qtr ₹ Cr | Sales var % | ROCE % |
|---|---|---|---|---|---|---|---|---|---|
| AU Small Finance | 993.40 | 26.1 | 74,641 | 0.10 | 796.0 | 37.0 | 5,302.7 | 21.1 | 7.7 |
| Ujjivan Small | 64.94 | 14.0 | 12,654 | 0.00 | 316.5 | 206.7 | 2,024.9 | 25.1 | 7.7 |
| Equitas Sma. Fin | 68.92 | 15.4 | 7,885 | 0.00 | 183.6 | 182.1 | 1,960.4 | 18.9 | 6.4 |
| Jana Small Finan | 500.10 | 13.9 | 5,292 | 0.00 | 155.2 | 52.3 | 1,514.5 | 22.1 | 7.5 |
| Utkarsh Small F. | 13.98 | 2,488 | 0.00 | -33.9 | 85.8 | 883.6 | 0.3 | 1.5 | |
| ESAF Small Fin | 42.67 | 2,202 | 0.00 | 80.1 | 198.6 | 1,097.8 | 32.5 | 5.7 | |
| Suryoday Small | 155.54 | 8.6 | 1,653 | 0.96 | 75.2 | 113.1 | 622.4 | 25.7 | 7.3 |
| Fino Payments | 128.76 | 43.8 | 1,072 | 0.00 | -13.7 | -177.3 | 72.2 | 18.4 | 4.4 |
| Median | 128.76 | 14.0 | 2,488 | 0.00 | 80.1 | 85.8 | 1,097.8 | 21.1 | 7.1 |
Competes with: AU Small Finance Bank Limited, ESAF Small Finance Bank Limited, Equitas Small Finance Bank Limited, Jana Small Finance Bank Limited, Suryoday Small Finance Bank Limited, Ujjivan Small Finance Bank Limited, Utkarsh Small Finance Bank Limited
Quarterly results
Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.
| Line item | Jun 2023 | 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 | 33 | 37 | 39 | 41 | 45 | 48 | 49 | 53 | 61 | 60 | 63 | 64 | 72 |
| Expenses | 314 | 320 | 326 | 353 | 389 | 404 | 407 | 438 | 400 | 351 | 344 | 306 | 285 |
| Financing Profit | -297 | -303 | -308 | -335 | -367 | -382 | -384 | -411 | -368 | -319 | -311 | -270 | -248 |
| Financing Margin % | -900 | -828 | -787 | -808 | -810 | -799 | -777 | -779 | -603 | -530 | -494 | -422 | -344 |
| Other Income | 315 | 322 | 331 | 360 | 392 | 408 | 412 | 441 | 392 | 340 | 328 | 275 | 235 |
| Interest | 15 | 19 | 22 | 23 | 24 | 25 | 26 | 26 | 28 | 28 | 29 | 29 | 35 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 19 | 20 | 23 | 25 | 24 | 26 | 28 | 30 | 25 | 21 | 17 | 4 | -14 |
| Tax % | 0 | 0 | 0 | 0 | 0 | 18 | 19 | 19 | 28 | 28 | 30 | -73 | 0 |
| Net Profit | 19 | 20 | 23 | 25 | 24 | 21 | 23 | 24 | 18 | 15 | 12 | 7 | -14 |
| EPS in Rs | 2.25 | 2.35 | 2.74 | 3.03 | 2.92 | 2.54 | 2.78 | 2.88 | 2.13 | 1.84 | 1.47 | 0.85 | -1.65 |
| Income on Investments | 40 | 45 | 44 | 46 | 47 | 54 | |||||||
| Interest on Advances | 0.01 | ||||||||||||
| Interest on RBI and Inter-bank Balances | 13 | 16 | 16 | 17 | 18 | 18 |
Profit & loss
Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.
| Line item | 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 |
| 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 |
| Interest | 3 | 6 | 10 | 10 | 15 | 47 | 79 | 101 | 114 | 121 |
| 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 | -14 | -7.19 | 4.59 | 5.14 | 7.82 | 10 | 11 | 6.30 | 2.51 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Compounded growth
Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.
Compounded sales growth
- 10 years
- —
- 5 years
- 65%
- 3 years
- 38%
- TTM
- 23%
Compounded profit growth
- 10 years
- —
- 5 years
- 20%
- 3 years
- -7%
- TTM
- -72%
Stock price CAGR
- 10 years
- —
- 5 years
- —
- 3 years
- -25%
- 1 year
- -57%
Return on equity
- 10 years
- —
- 5 years
- 12%
- 3 years
- 11%
- Last year
- 7%
Balance sheet
What the company owns and what it owes, at the end of each year. ₹ crore.
| Line item | 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 |
| Borrowings | 87 | 130 | 228 | 424 | 752 | 1,351 | 2,125 | 2,779 | 3,915 |
| Borrowing | 48 | 83 | 111 | 181 | 250 | 434 | 713 | 839 | 1,535 |
| Deposits | 39 | 48 | 118 | 243 | 503 | 917 | 1,413 | 1,939 | 2,379 |
| 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 |
| Advances | 0.17 | 0.09 | |||||||
| 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 |
Cash flows
Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.
| Line item | 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 |
Ratios
How fast customers pay, how long stock sits, and how well capital earns — year by year.
| Line item | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash Conversion Cycle | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Working Capital Days | 3,316 | -1,128 | -790 | -1,479 | 1,943 | 1,221 | 1,142 | 821 | 1,393 |
| ROCE % | -19 | -7 | 7 | 6 | 7 | 7 | 7 | 5 | |
| ROE % | -30 | -32 | -22 | 15 | 14 | 13 | 14 | 13 | 7 |
Price trend
The price as a Renko brick chart: small moves drop out so the bigger path stands out.
Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.
Open interestPRO
Where option traders are positioned on this stock.
Industry numbers
The numbers that matter most in this industry, from the company's own filings.
1 when an audit qualification is filed as repetitive
0.00flag
2026-03-31
cost-to-income %
105pct
2026-06-30
the company's own unlisted debt securities in default at period end
0.00cr
2026-06-30
the company's own loans / revolving facilities in default at period end (standalone filing)
0.00cr
2026-06-30
guarantees / comfort given for promoter, promoter group, directors and KMP
0.00cr
2026-03-31
loans outstanding to promoter, promoter group, directors and KMP (governance filing)
0.00cr
2026-03-31
security given for the borrowing of promoter, promoter group, directors and KMP
0.00cr
2026-03-31
FY revenue / permanent employees + workers, same basis (calc)
8,70,787inr
2026-03-31
return on assets %
0.01pct
2026-03-31
News
News and filings about Fino Payments Bank Limited. Open one to see why it matters.
No recent news for this company.
Supply chain
Who it buys from, sells to and competes with — as recorded in our map of company links.
Competes with
Depends on the price of
- Interest Rates
Sells products of
Sells to
- Canara Bank · Business Correspondent (BC) / agent-banking network services
- ICICI Bank · Business Correspondent (BC) / agent-banking network services
- IDFC First Bank · Business Correspondent (BC) / agent-banking technology & network services
- Union Bank of India · Business Correspondent (BC) / agent-banking network services
About
What the company is, from our own records: where it sits, where it makes things, and what it is made of.
- Sector
- Financial Services
- Industry
- Other Bank
- Classification
- Financial Services › Other Bank
- ISIN
- INE02NC01014
Business segments
- Other Banking Operations · 53%
- Retail Banking · 31%
- Treasury · 16%
News impact
Big market events that reach Fino Payments Bank Limited, and how the effect spreads.
No recent market events reach this company.
Dividends, splits & big trades
Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.
Splits, bonuses & buybacks
- daily-prices repair: 8 rows from NSE's archive (replace 2, delete 1, insert 5), 2023-11-12..2026-02-01 (docs/flat_day_repair.md)1× · 12 Nov 2023
Bulk & block deals
| Date | Who | Bought / sold | Shares | Price |
|---|---|---|---|---|
| 8 Oct 2026 | NK SECURITIES RESEARCH PRIVATE LIMITED | BUY | 11,30,095 | ₹146.29 |
| 8 Oct 2026 | NK SECURITIES RESEARCH PRIVATE LIMITED | SELL | 11,30,095 | ₹146.37 |
| 8 Oct 2026 | JUNOMONETA FINSOL PRIVATE LIMITED | SELL | 7,91,376 | ₹146.54 |
| 8 Oct 2026 | JUNOMONETA FINSOL PRIVATE LIMITED | BUY | 7,91,349 | ₹146.40 |
| 8 Oct 2026 | SILVERLEAF CAPITAL SERVICES PRIVATE LIMITED | SELL | 6,89,955 | ₹146.33 |
| 8 Oct 2026 | SILVERLEAF CAPITAL SERVICES PRIVATE LIMITED | BUY | 6,89,955 | ₹146.31 |
| 8 Oct 2026 | J4S FINANCIAL SOLUTIONS LLP | SELL | 6,72,324 | ₹146.67 |
| 8 Oct 2026 | J4S FINANCIAL SOLUTIONS LLP | BUY | 6,72,324 | ₹146.46 |
| 8 Oct 2026 | CLT RESEARCH TECH PRIVATE LTD | BUY | 6,43,789 | ₹146.08 |
| 8 Oct 2026 | CLT RESEARCH TECH PRIVATE LTD | SELL | 6,43,789 | ₹146.16 |
Documents
Annual reports, results presentations and earnings calls, straight from the source.
- Earnings call19 Aug 2026
- Earnings call14 Aug 2026
- Results presentation30 Jun 2026
- Earnings call2 Mar 2026
- Annual report · 2024-256 Aug 2025
Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.