Fino Payments Bank Ltd

Fino Payments Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Fino Payments Bank Ltd

₹ 134 4.75%
27 May - close price
finobank.com BSE: 543386 NSE: FINOPB
About

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]

Key Points

Representative of Banks[1][2]
The company acts as a Business Correspondent (BC) for several banks. As of FY25, it operates approximately 19 lakh banking outlets (including own and open banking merchants) covering 97% of India’s pin codes. BCs are generally retail agents providing banking products and services on behalf of other banks and at locations beyond traditional branches. These agents are authorized to perform a variety of activities, including domestic and international remittance collections, CASA account openings, AePS-enabled payments, bill payments, mobile recharges, etc.

Website BSE NSE
  • Market Cap ₹ 1,115 Cr.
  • Current Price ₹ 134
  • High / Low ₹ 339 / 110
  • Stock P/E 20.0
  • Book Value ₹ 92.6
  • Dividend Yield 0.00 %
  • ROCE 4.53 %
  • ROE 7.37 %
  • Face Value ₹ 10.0
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Pros

Cons

  • 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 11.4% over last 3 years.
  • Earnings include an other income of Rs.1,335 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

Financial Services Financial Services Banks Other Bank

Part of BSE Financial Services BSE 1000

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Quarterly Results

Figures in Rs. Crores

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
29.40 32.97 36.53 39.15 41.40 45.33 47.75 49.35 52.78 60.99 60.11 62.96 64.10
Interest 14.30 15.45 18.87 21.59 22.99 23.89 25.05 25.65 25.99 28.37 27.62 29.41 28.88
287.05 314.16 320.19 325.81 353.02 388.70 404.43 407.24 437.80 400.47 351.21 344.45 305.71
Financing Profit -271.95 -296.64 -302.53 -308.25 -334.61 -367.26 -381.73 -383.54 -411.01 -367.85 -318.72 -310.90 -270.49
Financing Margin % -925.00% -899.73% -828.17% -787.36% -808.24% -810.19% -799.43% -777.18% -778.72% -603.13% -530.23% -493.81% -421.98%
294.03 315.34 322.05 331.05 359.90 391.53 407.66 411.99 440.71 392.48 339.94 328.35 274.59
Depreciation 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Profit before tax 22.08 18.70 19.52 22.80 25.29 24.27 25.93 28.45 29.70 24.63 21.22 17.45 4.10
Tax % 0.00% 0.00% 0.00% 0.00% 0.32% 0.00% 18.43% 18.77% 19.19% 27.89% 27.66% 29.80% -73.17%
22.08 18.70 19.52 22.80 25.21 24.27 21.15 23.11 24.00 17.76 15.35 12.25 7.10
EPS in Rs 2.65 2.25 2.35 2.74 3.03 2.92 2.54 2.78 2.88 2.13 1.84 1.47 0.85
Gross NPA %
Net NPA %
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
16 19 18 20 36 95 150 195 248
Interest 3 6 10 10 15 47 79 101 114
279 410 690 707 915 1,076 1,260 1,576 1,402
Financing Profit -266 -396 -682 -697 -895 -1,028 -1,189 -1,481 -1,268
Financing Margin % -1,716% -2,068% -3,760% -3,441% -2,512% -1,084% -792% -759% -511%
215 352 673 771 973 1,135 1,328 1,652 1,335
Depreciation 16 18 24 54 35 42 53 62 0
Profit before tax -67 -62 -32 20 43 65 86 108 67
Tax % 0% 0% 0% 0% 0% 0% 0% 15% 22%
-67 -62 -32 20 43 65 86 93 52
EPS in Rs -15.11 -13.99 -7.19 4.59 5.14 7.82 10.36 11.12 6.30
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 65%
3 Years: 38%
TTM: 27%
Compounded Profit Growth
10 Years: %
5 Years: 21%
3 Years: -5%
TTM: -40%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: -13%
1 Year: -45%
Return on Equity
10 Years: %
5 Years: 12%
3 Years: 11%
Last Year: 7%

Balance Sheet

Figures in Rs. Crores

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 85 106 397 469 560 664 687
Deposits 39 48 118 243 503 917 1,413 1,939 2,379
Borrowing 48 83 111 181 250 434 713 839 1,535
226 392 266 436 448 563 651 680 627
Total Liabilities 538 684 624 1,010 1,680 2,466 3,419 4,206 5,312
46 42 49 62 92 139 148 167 364
CWIP 1 0 0 2 0 5 47 130 0
Investments 64 73 128 504 631 1,146 1,747 2,388 3,254
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

Figures in Rs. Crores

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
-84 -32 207 -20 57 76 -307
-31 -69 -64 -97 -104 -164 -143
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% 25%

Ratios

Figures in Rs. Crores

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

In beta
Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
CASA Accounts
Lakh

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Merchant Count
Lakh
Total Throughput
₹ Cr
Average Balance per Account
₹
Average Deposits
₹ Cr
Daily Average Throughput
₹ Cr
Digital Throughput
₹ Cr
Transaction Count
Cr
Digitally Active Customers
Lakh
Employee Count
Number

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00%
6.29% 5.57% 5.09% 5.12% 5.12% 4.21% 3.70% 4.08% 2.54% 2.67% 2.69% 1.33%
5.48% 6.83% 5.58% 5.92% 5.99% 6.14% 6.08% 3.52% 3.04% 3.35% 0.45% 0.40%
13.25% 12.60% 14.34% 13.97% 13.90% 14.65% 15.22% 17.41% 19.43% 19.00% 21.87% 23.27%
No. of Shareholders 74,90667,99868,89765,15063,91964,49564,46064,10463,09361,62261,48362,358

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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