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

₹ 176 0.31%
13 Nov - 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 ₹ 20,374 Cr.
  • Current Price ₹ 176
  • High / Low ₹ 284 / 135
  • Stock P/E 126
  • Book Value ₹ 52.1
  • Dividend Yield 0.00 %
  • ROCE 4.15 %
  • ROE 2.46 %
  • 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 32.3% CAGR over last 5 years

Cons

  • Stock is trading at 3.38 times its book value
  • Company has a low return on equity of -2.94% over last 3 years.
  • 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 Nifty MidSmallcap 400 Nifty 500 Multicap 50:25:25 Nifty India Digital Index Nifty Smallcap 250

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026 Sep 2026
552 602 599 616 650 744 701 737 806
519 525 542 571 575 612 594 642 680
Operating Profit 32 77 57 45 75 132 106 95 126
OPM % 6% 13% 9% 7% 12% 18% 15% 13% 16%
22 -30 12 37 23 23 50 29 26
Interest 18 22 22 21 21 24 17 13 14
Depreciation 75 76 69 65 66 68 71 73 76
Profit before tax -38 -51 -22 -5 11 63 68 38 61
Tax % -16% 11% 30% -199% 47% 32% 13% 48% 37%
-32 -57 -29 5 6 42 59 20 39
EPS in Rs -0.38 -0.67 -0.34 0.11 0.13 0.37 0.52 0.17 0.33
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
848 670 932 1,598 1,770 2,274 2,711 2,988
760 560 820 1,592 1,794 2,056 2,352 2,529
Operating Profit 87 110 112 5 -25 218 358 459
OPM % 10% 16% 12% 0.3% -1.4% 10% 13% 15%
18 13 25 56 55 16 133 128
Interest 18 22 24 36 64 79 84 68
Depreciation 155 175 189 315 363 292 270 288
Profit before tax -68 -74 -75 -289 -398 -136 137 230
Tax % -30% -25% -70% -8% -14% 7% 18%
-47 -56 -23 -265 -342 -145 113 160
EPS in Rs -0.66 -0.72 -0.28 -3.17 -4.07 -1.73 0.98 1.39
Dividend Payout % 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 32%
3 Years: 19%
TTM: 21%
Compounded Profit Growth
10 Years: %
5 Years: 32%
3 Years: 36%
TTM: 485%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: -4%
3 Years: -3%
Last Year: 2%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 Sep 2026
Equity Capital 12 13 14 0.02 0.10 0.10 115 115
Reserves 1,035 1,178 1,900 3,664 3,466 3,431 5,781 5,904
176 191 236 514 730 1,046 441 353
2,225 3,185 4,111 5,141 5,422 6,222 6,952 7,711
Total Liabilities 3,448 4,567 6,260 9,318 9,618 10,698 13,288 14,083
1,017 980 1,019 2,103 1,920 1,825 1,856 2,141
CWIP 52 48 122 269 222 160 148 64
Investments 40 34 50 18 21 30 28 32
2,338 3,505 5,070 6,928 7,455 8,683 11,256 11,846
Total Assets 3,448 4,567 6,260 9,318 9,618 10,698 13,288 14,083

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
11 111 -79 -152 -229 50 395
112 -260 -443 -441 -22 -159 -1,339
1,431 823 1,644 2 -220 -201 1,972
Net Cash Flow 1,554 674 1,122 -591 -471 -310 1,029
Free Cash Flow -156 -54 -407 -517 -486 -99 161
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit 86% 114% -25% -1,258% 872% 5% 112%

Ratios

Consolidated / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 92 196 116 135 134 136 140
Inventory Days 5 23 134 65 38 32
Days Payable 144 1,345 1,233 908 693 382
Cash Conversion Cycle -47 -1,126 116 -964 -708 -519 -210
Working Capital Days -722 -1,252 -1,255 -813 -807 -762 -609
ROCE % -4% -3% -7% -8% -0% 4%

Insights

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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

38 Recently
Dec 2025Mar 2026Jun 2026Sep 2026
5.23% 4.80% 9.49% 13.18%
11.26% 11.81% 24.82% 29.57%
83.51% 83.39% 65.68% 57.24%
No. of Shareholders 1,27,7921,17,5511,78,1202,68,596

* 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.

Documents

Announcements

Annual reports

DRHP

Concalls