Pine Labs Ltd
PINELABS NSE
Pine Labs Ltd
Financial ServicesNSE: PINELABS BSE: 544606 Financial Technology (Fintech)
Key Fundamentals
Volatility
Low Risk
EBITDA
₹271 Cr
Debt to Equity
0.23
52W High
₹284
52W Low
₹137.51
Technical Indicators
Key Insights
Strengths
3- Company has reduced debt.
- Company is almost debt free.
- Company has delivered good profit growth of 32.3% CAGR over last 5 years
Weaknesses
4- Stock is trading at 2.85 times its book value
- Company has a low return on equity of -2.93% over last 3 years.
- Earnings include an other income of Rs.133 Cr.
- Company's cost of borrowing seems high
Growth Rate
Revenue Growth
27.57% ↗
Net Income Growth
-57.44% ↘
Cash Flow Change
121.71% ↗
ROE
-56.99% ↘
ROCE
-82.21% ↘
EBITDA Margin (Avg.)
615.34% ↗
Quarterly Results
| Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Sales | 552 | 602 | 599 | 616 | 650 | 744 | 701 |
| Expenses | 519 | 525 | 542 | 571 | 575 | 612 | 594 |
| Operating Profit | 32 | 77 | 57 | 45 | 75 | 132 | 106 |
| OPM % | 6% | 13% | 9% | 7% | 12% | 18% | 15% |
| Other Income | 22 | -30 | 12 | 37 | 23 | 23 | 50 |
| Interest | 18 | 22 | 22 | 21 | 21 | 24 | 17 |
| Depreciation | 75 | 76 | 69 | 65 | 66 | 68 | 71 |
| PBT | -38 | -51 | -22 | -5 | 11 | 63 | 68 |
| Tax % | -16% | 11% | 30% | -199% | 47% | 32% | 13% |
| Net Profit | -32 | -57 | -29 | 5 | 6 | 42 | 59 |
| EPS in Rs | -0.38 | -0.67 | -0.34 | 0.11 | 0.13 | 0.37 | 0.52 |
Profit & Loss
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Sales | 848 | 670 | 932 | 1,598 | 1,770 | 2,274 | 2,711 |
| Expenses | 760 | 560 | 820 | 1,592 | 1,794 | 2,056 | 2,352 |
| Operating Profit | 87 | 110 | 112 | 5 | -25 | 218 | 358 |
| OPM % | 10% | 16% | 12% | 0% | -1% | 10% | 13% |
| Other Income | 18 | 13 | 25 | 56 | 55 | 16 | 133 |
| Interest | 18 | 22 | 24 | 36 | 64 | 79 | 84 |
| Depreciation | 155 | 175 | 189 | 315 | 363 | 292 | 270 |
| PBT | -68 | -74 | -75 | -289 | -398 | -136 | 137 |
| Tax % | -30% | -25% | -70% | -8% | -14% | 7% | 18% |
| Net Profit | -47 | -56 | -23 | -265 | -342 | -145 | 113 |
| EPS in Rs | -3.95 | -4.34 | -1.67 | -18.99 | -4.07 | -1.73 | 0.98 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Balance Sheet
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 12 | 13 | 14 | 0.02 | 0.1 | 0.1 | 115 |
| Reserves | 1,035 | 1,178 | 1,900 | 3,664 | 3,466 | 3,431 | 5,781 |
| Borrowings | 176 | 191 | 236 | 514 | 730 | 1,046 | 441 |
| Other Liabilities | 2,225 | 3,185 | 4,111 | 5,141 | 5,422 | 6,222 | 6,961 |
| Total Liabilities | 3,448 | 4,567 | 6,260 | 9,318 | 9,618 | 10,698 | 13,297 |
| Fixed Assets | 1,017 | 980 | 1,019 | 2,103 | 1,920 | 1,825 | 1,963 |
| CWIP | 52 | 48 | 122 | 269 | 222 | 160 | 41 |
| Investments | 40 | 34 | 50 | 18 | 21 | 30 | 28 |
| Other Assets | 2,338 | 3,505 | 5,070 | 6,928 | 7,455 | 8,683 | 11,265 |
| Total Assets | 3,448 | 4,567 | 6,260 | 9,318 | 9,618 | 10,698 | 13,297 |
Cash Flow
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Operating | 11 | 111 | -79 | -152 | -229 | 50 | 395 |
| Investing | 112 | -260 | -443 | -441 | -22 | -486 | -1,339 |
| Financing | 1,431 | 823 | 1,644 | 2 | -220 | -201 | 1,972 |
| Net Cash Flow | 1,554 | 674 | 1,122 | -591 | -471 | -637 | 1,029 |
| Free Cash Flow | -156 | -54 | -407 | -517 | -486 | -99 | 161 |
| CFO/OP | 86 | 114 | -25 | -1,258 | 872 | 5 | 112 |
Ratios
| 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% |
Documents
2
Board Meeting Intimation for To Consider And Approve The Audited Standalone And Consolidated Financial Results Of The Company For The Quarter And Year Ended March 31 2026 And Other Matters.
6 May - Board meets May 25, 2026 to approve audited FY26 results; analyst call on May 26. 6 May - Board meets May 25, 2026 to approve audited FY26 results; analyst call on May 26.
3
Announcement under Regulation 30 (LODR)-Acquisition
25 Apr - Pine Labs approved acquiring 100% of Shopflo Technologies for up to ₹88 crore within 3 months. 25 Apr - Pine Labs approved acquiring 100% of Shopflo Technologies for up to ₹88 crore within 3 months.
4
Announcement under Regulation 30 (LODR)-Press Release / Media Release
25 Apr - Pine Labs approved 100% acquisition of Shopflo Technologies for up to ₹88 crore cash. 25 Apr - Pine Labs approved 100% acquisition of Shopflo Technologies for up to ₹88 crore cash.
5
Announcement under Regulation 30 (LODR)-Acquisition
27 Apr - Pine Labs acquires 100% of Shopflo for up to Rs 88 crore within 3 months. 27 Apr - Pine Labs acquires 100% of Shopflo for up to Rs 88 crore within 3 months.
Frequently Asked Questions about Pine Labs Ltd
What does Pine Labs Ltd do?
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]
Where is Pine Labs Ltd (PINELABS) listed?
Pine Labs Ltd is listed on the Indian stock exchanges. It is listed on NSE: PINELABS and BSE: 544606. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Pine Labs Ltd belong to?
Pine Labs Ltd operates in the Financial Services sector within the Financial Technology (Fintech) industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the 52-week high and low of Pine Labs Ltd?
Over the past 52 weeks, Pine Labs Ltd has traded between a low of ₹137.51 and a high of ₹284. This range helps investors understand the stock's price volatility and recent trading levels.
How can I research Pine Labs Ltd on Tapetide?
On Tapetide, you can view Pine Labs Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.
Company Information
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]