Fino Payments Bank
FINOPB NSE
Fino Payments Bank
BanksNSE: FINOPB BSE: 543386 Payment Bank
Key Fundamentals
MicrocapPayment BankBanksMarket Cap
₹1,148 Cr
Volatility
Moderate
P/E Ratio
55.71
EBITDA
₹144 Cr
Return on Equity
6.51%
Debt to Equity
4.86
Book Value
₹96.76
EPS
₹11.03
52W High
₹339
52W Low
₹110.03
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
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.
Growth Rate
Revenue Growth
-14.03% lower than
3Y
Net Income Growth
-43.24% lower than
3Y
Cash Flow Change
34.18% lower than
3Y
ROE
-47.46% lower than
3Y
ROCE
-31.19% lower than
3Y
EBITDA Margin (Avg.)
10.63% higher than
3Y
Quarterly Results
| 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 in Rs | 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
| 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 % | -1716% | -2068% | -3760% | -3441% | -2512% | -1084% | -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 in Rs | -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
| 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
| 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
48 extracted metrics + investor summaries across FY17–FY26.
Documents
1
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
8 May - Fino Payments Bank to meet Voyager Capital on May 11, 2026 in Mumbai. 8 May - Fino Payments Bank to meet Voyager Capital on May 11, 2026 in Mumbai.
2
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
8 May - Fino Payments Bank schedules one-on-one investor meeting with Voyager Capital on May 11, 2026 in Mumbai. 8 May - Fino Payments Bank schedules one-on-one investor meeting with Voyager Capital on May 11, 2026 in Mumbai.
3
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
8 May - Investor meet with International Finance Corporation scheduled to be held on May 11, 2026 8 May - Investor meet with International Finance Corporation scheduled to be held on May 11, 2026
4
Business Update For The Month Of April, 2026
8 May - April 2026 business update: deposits ₹2,801 crore, CASA accounts 2.36 lakh, loan referrals ₹166 crore. 8 May - April 2026 business update: deposits ₹2,801 crore, CASA accounts 2.36 lakh, loan referrals ₹166 crore.
5
Announcement under Regulation 30 (LODR)-Earnings Call Transcript
4 May - Earnings Call Transcript of the Earnings Call held on April 30, 2026 4 May - Earnings Call Transcript of the Earnings Call held on April 30, 2026
Frequently Asked Questions about Fino Payments Bank
What does Fino Payments Bank Ltd do?
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
m...
Where is Fino Payments Bank Ltd (FINOPB) listed?
Fino Payments Bank Ltd trades as FINOPB on the NSE and under code 543386 on the BSE.
Which sector does Fino Payments Bank Ltd belong to?
Fino Payments Bank Ltd is classified under the Banks sector, in the Payment Bank industry.
What is the market capitalisation of Fino Payments Bank Ltd?
Fino Payments Bank Ltd has a market capitalisation of ₹1,148 Cr, which places it in the Small Cap band.
What is the PE ratio of Fino Payments Bank Ltd?
Fino Payments Bank Ltd trades at a PE ratio of 55.71, on earnings per share of ₹11.03, against a book value of ₹96.76 per share.
What is the 52-week high and low of Fino Payments Bank Ltd?
Over the last 52 weeks Fino Payments Bank Ltd has traded between ₹110.03 and ₹339.
What is the Return on Equity (ROE) of Fino Payments Bank Ltd?
Fino Payments Bank Ltd reported a return on equity of 6.51%. Its debt-to-equity ratio is 4.86.
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[1][2]
Website finobank.com
CEO Mr. Rishi Gupta
Employees 2,769
Listed 2021-11-12
Face Value ₹ 10
Issued Size 8,32,18,402
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