Fino Payments Bank Ltd
Financial Inclusion Network Operations (“FINO”) is a growing fintech company offering a diverse range of financial products and services that are primarily digital and have a payments focus. It offers such products and services to the target market via a Pan-India distribution network.[1]
- Market Cap ₹ 2,551 Cr.
- Current Price ₹ 307
- High / Low ₹ 384 / 201
- Stock P/E 30.7
- Book Value ₹ 66.4
- Dividend Yield 0.00 %
- ROCE 7.17 %
- ROE 12.6 %
- Face Value ₹ 10.0
Pros
- Company is expected to give good quarter
- Company has delivered good profit growth of 24.3% CAGR over last 5 years
Cons
- Stock is trading at 4.56 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Tax rate seems low
- Company has a low return on equity of 13.3% over last 3 years.
- Earnings include an other income of Rs.1,262 Cr.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Banks Industry: Banks - Private Sector
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|
Revenue | 16 | 19 | 18 | 20 | 36 | 95 | 138 |
Interest | 3 | 6 | 10 | 10 | 15 | 47 | 70 |
279 | 410 | 690 | 707 | 915 | 1,076 | 1,247 | |
Financing Profit | -266 | -396 | -682 | -697 | -895 | -1,028 | -1,179 |
Financing Margin % | -1,716% | -2,068% | -3,760% | -3,441% | -2,512% | -1,084% | -854% |
215 | 352 | 673 | 771 | 973 | 1,135 | 1,262 | |
Depreciation | 16 | 18 | 24 | 54 | 35 | 42 | 0 |
Profit before tax | -67 | -62 | -32 | 20 | 43 | 65 | 83 |
Tax % | -0% | -0% | -0% | -0% | -0% | -0% | |
-67 | -62 | -32 | 20 | 43 | 65 | 83 | |
EPS in Rs | -15.11 | -13.99 | -7.19 | 4.59 | 5.14 | 7.82 | 9.99 |
Dividend Payout % | -0% | -0% | -0% | -0% | -0% | -0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 44% |
3 Years: | 74% |
TTM: | 77% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 24% |
3 Years: | 59% |
TTM: | 37% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | 37% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 3% |
3 Years: | 13% |
Last Year: | 13% |
Balance Sheet
Figures in Rs. Crores
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|
Equity Capital | 45 | 45 | 45 | 45 | 83 | 83 |
Reserves | 180 | 118 | 85 | 106 | 397 | 469 |
87 | 130 | 228 | 424 | 752 | 1,351 | |
226 | 392 | 266 | 436 | 448 | 563 | |
Total Liabilities | 538 | 684 | 624 | 1,010 | 1,680 | 2,466 |
46 | 42 | 49 | 62 | 92 | 139 | |
CWIP | 1 | 0 | 0 | 2 | 0 | 5 |
Investments | 64 | 73 | 128 | 504 | 631 | 1,146 |
427 | 569 | 446 | 443 | 956 | 1,175 | |
Total Assets | 538 | 684 | 624 | 1,010 | 1,680 | 2,466 |
Cash Flows
Figures in Rs. Crores
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|
-32 | 207 | -20 | ||||
-69 | -64 | -97 | ||||
70 | 352 | 184 | ||||
Net Cash Flow | -31 | 495 | 68 |
Ratios
Figures in Rs. Crores
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|
ROE % | -32% | -22% | 15% | 14% | 13% |
Documents
Announcements
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Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations, 2015
25 Apr - Disclosure related to an order of imposing penalty by Assistant Commissioner, CGST & Excise Division-II, Bhopal, Madhya Pradesh
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Announcement under Regulation 30 (LODR)-Newspaper Publication
25 Apr - Copies of newspaper advertisement published in Financial Express, Free Press Journal and Navshakti on April 25, 2024.
- Shareholder Meeting / Postal Ballot-Notice of Postal Ballot 24 Apr
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
19 Apr - Fino Payments Bank Limited will be hosting an Earnings call with investors/analysts on Thursday, May 02, 2024 at 4:00 p.m. (IST). During the Earnings call, …
- Board Meeting Intimation for Board Meeting Of Fino Payments Bank Limited 18 Apr
Annual reports
Concalls
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Feb 2024Transcript PPT
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Nov 2023Transcript PPT
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Aug 2023Transcript PPT
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May 2023Transcript PPT
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Feb 2023Transcript PPT
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Nov 2022Transcript PPT
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Aug 2022Transcript PPT
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Jul 2022TranscriptNotesPPT
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Jul 2022TranscriptNotesPPT
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May 2022Transcript PPT
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Feb 2022Transcript PPT
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Nov 2021Transcript PPT
Representative of Banks
The co. acts as a Business Correspondence (Bcs) of several Banks It had approximately 17,430 active BCs across India in FY21. BCs are generally retail agents engaged by it to provide banking products and services on behalf of other banks and at locations other than traditional branches. BCs are authorized to perform a variety of activities including collection of domestic and international remittances, CASA account opening functions, payments made via AePS, bill payments, and mobile recharge, among others. [1]