Fino Payments Bank
- P/E
- 47.93
Key Fundamentals
MicrocapBanksFinancial ServicesPrice-based figures as of · EPS basis: Standalone · TTM
- EPS (TTM)
- ₹2.51
- Book Value
- ₹88.30
- Market Cap
- —
- P/E (TTM)
- 47.93
- P/B
- 1.36
- ROE
- 6.76%
- Dividend Yield
- 0.00%
- 52W High
- ₹326.70
- 52W Low
- ₹110.03
- Volume
- 0
- ROCE
- Not meaningful for a lender: the ratio describes an industrial company’s balance sheet
- Debt to Equity
- Not meaningful for a lender: the ratio describes an industrial company’s balance sheet
- EBITDA
- Not meaningful for a lender: the ratio describes an industrial company’s balance sheet
Peer Comparison
Financial Services › Banks › Payment Bank › Other Bank
| ₹904.35 | 21.48 | ₹66,448 Cr | 3.16 | 0.11% | 14.20% | — | ₹20,661 Cr | ₹3,154 Cr | |
| ₹56.70 | 12.14 | ₹11,244 Cr | 1.49 | 2.64% | 10.80% | — | ₹7,338 Cr | ₹907 Cr | |
| ₹55.45 | 12.40 | ₹6,401 Cr | 0.97 | 1.90% | 1.68% | — | ₹7,106 Cr | ₹511 Cr | |
| ₹405.25 | 11.24 | ₹4,167 Cr | 0.88 | 0.00% | 7.60% | — | ₹5,637 Cr | ₹380 Cr | |
| ₹41.35 | — | ₹2,136 Cr | 1.05 | 1.71% | −8.86% | — | ₹3,807 Cr | −₹5 Cr | |
| ₹11.72 | — | ₹2,052 Cr | 0.75 | 4.11% | −40.00% | — | ₹3,381 Cr | −₹945 Cr | |
| ₹147.30 | 8.16 | ₹1,489 Cr | 0.71 | 1.09% | 7.58% | — | ₹2,287 Cr | ₹192 Cr | |
| Fino Payments Bank (this company) | ₹120.30 | 47.93 | ₹962 Cr | 1.36 | 0.00% | 6.76% | — | ₹259 Cr | ₹20 Cr |
| Median 8 companies | ₹88.50 | 12.27 | ₹3,151 Cr | 1.01 | 1.40% | 7.17% | — | ₹4,722 Cr | ₹286 Cr |
Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.
Tapetide Score
Data-driven rating, 0–100, as of . How it works →
Overall score
Data confidence 97/100
Category scores
- Quality
- 54
- Average
- Returns, margins, earnings quality 22% weight
- Valuation
- 21
- Poor
- Cheap vs sector & own history 24% weight
- Growth
- 73
- Strong
- Sales & profit trajectory 9% weight
- Financial Health
- 16
- Poor
- Solvency, leverage, coverage 9% weight
- Momentum
- 21
- Poor
- Trend strength, vol-adjusted 12% weight
- Ownership
- 34
- Poor
- FII/DII/promoter flows 24% weight
The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.
Key Insights
No strengths listed
Weaknesses
4- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- Company has a low return on equity of 11.2% over last 3 years.
- Earnings include an other income of Rs.1,178 Cr.
Technical Indicators
| Group | Signal | Bearish | Neutral | Bullish |
|---|---|---|---|---|
| Overall | Strong Bearish | 11 | 6 | 2 |
| Oscillators | Bearish | 2 | 6 | 1 |
| Moving Averages | Strong Bearish | 9 | 0 | 1 |
Oscillators
Bearish
Overall
Strong Bearish
Moving Averages
Strong Bearish
Key readings
- RSI (14)
- 39.85
- Neutral
- MACD (12,26,9)
- −4.73
- Bearish
- SMA (50)
- 132.70
- Bearish
- SMA (200)
- 153.93
- Bearish
As of
Growth Rate
From the financial statements below. 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.
Revenue
| 5Y | +65.46% |
|---|---|
| 3Y | +37.69% |
| 1Y | +27.18% |
| TTM | +22.75% |
Net profit
| 5Y | +21.06% |
|---|---|
| 3Y | −7.17% |
| 1Y | −44.09% |
| TTM | −76.74% |
Operating cash flow
Not meaningful
A bank's or NBFC's operating cash flow moves with deposits and loans, so its growth says little about the business.
Revenue by year
| Mar 2018 | ₹16.00 Cr |
|---|---|
| Mar 2019 | ₹19.00 Cr |
| Mar 2020 | ₹18.00 Cr |
| Mar 2021 | ₹20.00 Cr |
| Mar 2022 | ₹36.00 Cr |
| Mar 2023 | ₹95.00 Cr |
| Mar 2024 | ₹150 Cr |
| Mar 2025 | ₹195 Cr |
| Mar 2026 | ₹248 Cr |
Net profit by year
| Mar 2018 | −₹67.00 Cr |
|---|---|
| Mar 2019 | −₹62.00 Cr |
| Mar 2020 | −₹32.00 Cr |
| Mar 2021 | ₹20.00 Cr |
| Mar 2022 | ₹43.00 Cr |
| Mar 2023 | ₹65.00 Cr |
| Mar 2024 | ₹86.00 Cr |
| Mar 2025 | ₹93.00 Cr |
| Mar 2026 | ₹52.00 Cr |
Analyst Forecasts
Quarterly Results
₹ Cr| Particulars | 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 |
| Fin. 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 |
| PBT | 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 (₹) | 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 |
Profit & Loss
₹ Cr| Particulars | 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 |
| Fin. Margin % | Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number. | Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number. | Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number. | Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number. | Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number. | Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number. | −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 |
| PBT | −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 (₹) | −15.11 | −13.99 | −7.19 | 4.59 | 5.14 | 7.82 | 10.36 | 11.12 | 6.3 | 2.51 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
₹ Cr| Particulars | 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 |
| 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 |
| 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 Flow
₹ Cr| Particulars | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Operating | — | — | −84 | −32 | 207 | −20 | 57 | 76 | −307 |
| Investing | — | — | −31 | −69 | −64 | −97 | −104 | −164 | −143 |
| Financing | — | — | 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 |
Ratios
| Particulars | 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% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Fino Payments Bank insights
67 extracted metrics across FY17–FY27.
Documents
- Q1 FY27 concall · Aug 2026Transcript PPT Recording
- Q4 FY26 concall · May 2026Transcript PPT
- Concall · Apr 2026PPT
- Q3 FY26 concall · Mar 2026Transcript
- Q3 FY26 concall · Feb 2026Transcript PPT
- 13 Aug 2026
- 10 Mar 2026
- 22 May 2025
- 30 Apr 2024
- 21 Feb 2023
- 30 Dec 2022
- General announcements 29 Oct 2026
Frequently Asked Questions about Fino Payments Bank
What does Fino Payments Bank Ltd do?
Where is Fino Payments Bank Ltd (FINOPB) listed?
Which sector does Fino Payments Bank Ltd belong to?
What is the PE ratio of Fino Payments Bank Ltd?
What is the 52-week high and low of Fino Payments Bank Ltd?
What is the Return on Equity (ROE) of Fino Payments Bank Ltd?
Company Information
Fino Payments bank commenced banking operations in 2017 as a specialised payments bank. It provides deposit, payment and also transaction banking services to underserved and underbanked customers, including low-income households, gig workers and rural communities. Operations follow a phygital model, combining merchant-led assisted banking with digital channels viz FinoPay. Core offerings include CASA accounts, cash management services, domestic money transfer, AePS/Micro ATM, UPI and mobile banking; loans, fixed deposits and insurance distributed through partner arrangements
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