Pine Labs Ltd

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Pine Labs Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents
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Pine Labs Ltd

₹ 168 -2.44%
01 Oct - close price
pinelabs.com BSE: 544606 NSE: PINELABS
About

Incorporated in 1998, Pine Labs is a leading Indian merchant commerce platform that provides point-of-sale (POS) solutions, payment processing, and merchant financing services.[1]

Key Points

Business Overview:[1][2][3]
Pine Labs provides digital payment, issuing, affordability, embedded finance and commerce software infrastructure to merchants, brands and financial institutions. Its platform spans payment acceptance, transaction processing, prepaid and card issuing, affordability solutions, merchant software, financial infrastructure, consumer engagement and data services. The architecture includes payment rails, processing infra structure, orchestration and financial
platforms.

Website BSE NSE
  • Market Cap ₹ 19,352 Cr.
  • Current Price ₹ 168
  • High / Low ₹ 284 / 135
  • Stock P/E 116
  • Book Value ₹ 55.4
  • Dividend Yield 0.00 %
  • ROCE 4.36 %
  • ROE 2.96 %
  • Face Value ₹ 1.00
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has delivered good profit growth of 35.4% CAGR over last 5 years

Cons

  • Stock is trading at 3.03 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of -0.39% over last 3 years.
  • Earnings include an other income of Rs.174 Cr.
  • Company has high debtors of 156 days.
  • Company's cost of borrowing seems high

* 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 Financial Technology (Fintech) Financial Technology (Fintech)

Part of BSE Diversified Financials Revenue Growth BSE 500 BSE IPO Nifty Smallcap 100 BSE Financial Services

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
377 416 427 435 548 515 535
362 365 390 394 445 426 460
Operating Profit 15 51 38 41 104 89 75
OPM % 3.9% 12% 9% 9% 19% 17% 14%
29 62 44 21 40 65 48
Interest 16 19 19 18 20 14 10
Depreciation 50 49 46 47 48 51 54
Profit before tax -22 44 17 -3 75 90 59
Tax % -31% 15% -66% -27% 24% 25% 25%
-15 38 28 -2 57 67 44
EPS in Rs -0.18 0.45 0.63 -0.05 0.49 0.59 0.38
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
664 650 932 1,281 1,333 1,597 1,926 2,034
606 552 820 1,130 1,230 1,421 1,650 1,725
Operating Profit 58 98 112 151 104 177 276 309
OPM % 9% 15% 12% 12% 8% 11% 14% 15%
14 33 25 47 42 143 170 174
Interest 16 22 24 34 58 70 70 62
Depreciation 102 183 189 239 328 213 197 201
Profit before tax -46 -74 -74 -75 -240 36 179 220
Tax % -27% -25% -70% -25% -22% 22% 16%
-33 -56 -23 -56 -187 28 150 165
EPS in Rs -2.78 -4.34 -1.67 -4.02 -2.23 0.33 1.31 1.41
Dividend Payout % -0% -0% -0% -0% -0% -0% -0%
Compounded Sales Growth
10 Years: %
5 Years: 24%
3 Years: 15%
TTM: 21%
Compounded Profit Growth
10 Years: %
5 Years: 35%
3 Years: 66%
TTM: 6466%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: -1%
3 Years: 0%
Last Year: 3%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 12 13 14 14 84 0.10 115
Reserves 1,048 1,178 1,900 2,171 1,961 3,863 6,243
147 191 236 390 575 923 371
477 3,185 4,111 4,829 5,283 5,991 6,750
Total Liabilities 1,684 4,567 6,260 7,403 7,903 10,778 13,479
328 980 1,019 1,115 985 942 977
CWIP 52 48 122 251 201 134 83
Investments 761 34 50 13 16 1,420 1,746
543 3,505 5,070 6,024 6,700 8,282 10,674
Total Assets 1,684 4,567 6,260 7,403 7,903 10,778 13,479

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
100 109 -79 -38 -34 11 490
-973 -256 -443 -261 -37 -431 -2,152
893 823 1,644 935 -79 -195 1,985
Net Cash Flow 19 676 1,122 635 -150 -616 322
Free Cash Flow -65 -56 -407 -377 -246 -80 320
CFO/OP 220% 126% -25% 26% -36% -33% 169%

Ratios

Standalone / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 54 202 116 137 138 152 156
Inventory Days 5 23 56
Days Payable 58 1,347 1,021
Cash Conversion Cycle 0 -1,121 116 137 138 152 -809
Working Capital Days -102 -1,343 -1,255 -1,035 -1,116 -1,056 -883
ROCE % -4% -3% -2% -7% 2% 4%

Insights

In beta
Mar 2023 Mar 2024 Mar 2025 Mar 2026
Digital Checkout Points (DCPs)
Lakhs

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Fintech Infrastructure Transactions
Cr
International Revenue
₹ Cr
Number of Merchants
Lakhs
Number of Transactions
Cr
Platform GTV (Gross Transaction Value)
₹ Lakh Cr
Prepaid Cards Issued
Cr

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

40 Recently
Dec 2025Mar 2026Jun 2026
5.23% 4.80% 9.49%
11.26% 11.81% 24.82%
83.51% 83.39% 65.68%
No. of Shareholders 1,27,7921,17,5511,78,120

* 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.

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Documents

Announcements

Annual reports

DRHP

Concalls