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Last Updated: April 2, 2026, 4:36 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 543386 | NSE: FINOPB

Fino Payments Bank Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹142.42Undervalued by 13.94%vs CMP ₹125.00

P/E (14.5) × ROE (13.3%) × BV (₹90.50) × DY (2.00%)

₹119.77Fairly Valued by 4.18%vs CMP ₹125.00
MoS: -4.4% (Negative)Confidence: 51/100 (Moderate)Models: 2 Under, 1 Fair, 4 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹156.8226%Under (+25.5%)
Graham NumberEarnings₹130.1619%Fair (+4.1%)
Earnings PowerEarnings₹84.1213%Over (-32.7%)
DCFCash Flow₹138.9716%Under (+11.2%)
Net Asset ValueAssets₹90.858%Over (-27.3%)
EV/EBITDAEnterprise₹74.8110%Over (-40.2%)
Earnings YieldEarnings₹83.208%Over (-33.4%)
Consensus (7 models)₹119.77100%Fairly Valued

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 10.1%

*Investments are subject to market risks

Investment Snapshot

49
Fino Payments Bank Ltd scores 49/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health62/100 · Moderate
ROCE 6.6% WeakROE 13.3% GoodD/E 0.00 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money20/100 · Weak
FII holding down -1.39% (6mo) SellingDII holding down 3.07% MF sellingPromoter holding at 75.0% Stable
Earnings Quality50/100 · Moderate
Quarterly Momentum40/100 · Moderate
Profit (4Q): -26% YoY Declining
Industry Rank50/100 · Moderate
P/E 14.5 vs industry 15.0 In-lineROCE 6.6% vs industry 6.8% Average

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 4:36 am

Market Cap 1,036 Cr.
Current Price 125
Intrinsic Value₹119.77
High / Low 339/110
Stock P/E14.5
Book Value 90.5
Dividend Yield0.00 %
ROCE6.64 %
ROE13.3 %
Face Value 10.0
PEG Ratio1.43

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Fino Payments Bank Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Fino Payments Bank Ltd 1,036 Cr. 125 339/11014.5 90.50.00 %6.64 %13.3 % 10.0
Capital Small Finance Bank Ltd 1,038 Cr. 228 331/2077.65 3061.75 %7.04 %10.4 % 10.0
ESAF Small Finance Bank Ltd 1,157 Cr. 22.4 36.2/19.7 33.90.00 %4.28 %23.5 % 10.0
Dhanlaxmi Bank Ltd 888 Cr. 22.5 33.5/19.410.1 36.40.00 %5.47 %5.48 % 10.0
DCB Bank Ltd 5,371 Cr. 167 204/1027.64 1860.81 %7.67 %11.4 % 10.0
Industry Average135,761.26 Cr305.6715.04214.170.61%6.84%11.80%6.30

All Competitor Stocks of Fino Payments Bank Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Revenue25293337394145484953616063
Interest 14141519222324252626282829
Expenses 281287314320326353389404407438400351344
Financing Profit-270-272-297-303-308-335-367-382-384-411-368-319-311
Financing Margin %-1,067%-925%-900%-828%-787%-808%-810%-799%-777%-779%-603%-530%-494%
Other Income 289294315322331360392408412441392340328
Depreciation 0000000000000
Profit before tax 19221920232524262830252117
Tax % 0%0%0%0%0%0%0%18%19%19%28%28%30%
Net Profit 19221920232524212324181512
EPS in Rs 2.302.652.252.352.743.032.922.542.782.882.131.841.47
Gross NPA %
Net NPA %

Last Updated: February 2, 2026, 12:16 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 27, 2026, 5:15 am

MetricMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Revenue161918203695150195237
Interest 361010154779101111
Expenses 2794106907079151,0761,2601,5761,534
Financing Profit-266-396-682-697-895-1,028-1,189-1,481-1,408
Financing Margin %-1,716%-2,068%-3,760%-3,441%-2,512%-1,084%-792%-759%-595%
Other Income 2153526737719731,1351,3281,6521,501
Depreciation 16182454354253620
Profit before tax -67-62-322043658610893
Tax % 0%0%0%0%0%0%0%15%
Net Profit -67-62-32204365869369
EPS in Rs -15.11-13.99-7.194.595.147.8210.3611.128.32
Dividend Payout % 0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)7.46%48.39%162.50%115.00%51.16%32.31%8.14%
Change in YoY Net Profit Growth (%)0.00%40.92%114.11%-47.50%-63.84%-18.86%-24.17%

Fino Payments Bank Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 7 years from 2018-2019 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:%
5 Years:61%
3 Years:76%
TTM:30%
Compounded Profit Growth
10 Years:%
5 Years:37%
3 Years:29%
TTM:-6%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:0%
1 Year:-40%
Return on Equity
10 Years:%
5 Years:14%
3 Years:13%
Last Year:13%

Last Updated: September 5, 2025, 3:30 pm

Balance Sheet

Last Updated: December 4, 2025, 2:52 am

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 454545458383838383
Reserves 18011885106397469560664670
Deposits39481182435039171,4131,9392,091
Borrowing4883111181250434713839865
Other Liabilities 226392266436448563651680615
Total Liabilities 5386846241,0101,6802,4663,4194,2064,324
Fixed Assets 4642496292139148167332
CWIP 100205471300
Investments 64731285046311,1461,7472,3882,374
Other Assets 4275694464439561,1751,4771,5201,618
Total Assets 5386846241,0101,6802,4663,4194,2064,324

Reserves and Borrowings Chart

Cash Flow

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + -84-32207-205776
Cash from Investing Activity + -31-69-64-97-104-164
Cash from Financing Activity + 2870352184279127
Net Cash Flow -86-314956823239
Free Cash Flow -114-101143-114-47-88
CFO/OP 13%6%-24%2%-5%-6%

Free Cash Flow

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow240.00362.00572.00464.00412.00-916.000.000.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
ROE % -32%-22%15%14%13%14%13%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%
FIIs 7.20%6.29%5.57%5.09%5.12%5.12%4.21%3.70%4.08%2.54%2.67%2.69%
DIIs 4.74%5.48%6.83%5.58%5.92%5.99%6.14%6.08%3.52%3.04%3.35%0.45%
Public 13.07%13.25%12.60%14.34%13.97%13.90%14.65%15.22%17.41%19.43%19.00%21.87%
No. of Shareholders 77,99374,90667,99868,89765,15063,91964,49564,46064,10463,09361,62261,483

Shareholding Pattern Chart

No. of Shareholders

Fino Payments Bank Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Mirae Asset Banking and Financial Services Fund 798,636 1.06 22.61N/AN/AN/A

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
Face Value10.0010.0010.0010.0010.00
Basic EPS (Rs.) 11.1210.367.825.344.59
Diluted EPS (Rs.) 11.0810.367.825.344.59
Cash EPS (Rs.) 18.5916.7812.859.4016.61
Book Value[Excl.RevalReserv]/Share (Rs.) 89.7577.2966.4057.6633.77
Book Value[Incl.RevalReserv]/Share (Rs.) 89.7577.2966.4057.6633.77
Operating Revenue / Share (Rs.)23.4618.0311.404.284.54
Net Profit / Share (Rs.) 11.1210.367.825.144.59
Interest Income / Employee (Rs.)705057.42559455.63330770.22123152.090.00
Net Profit / Employee (Rs.)334180.93321491.42226942.12147738.680.00
Business / Employee (Rs.)7004711.815266998.143198269.871731531.280.00
Interest Income / Branch (Rs.)25354597.4019486493.5112320116.888482833.330.00
Net Profit / Branches (Rs.)12017493.5111197922.088452857.1410176380.950.00
Business / Branches (Rs.)251896714.29183455701.30119125168.83119269523.810.00
Net Profit Margin (%) 47.3957.4668.61119.96101.08
Operating Profit Margin (%)5.296.165.504.302.61
Return On Assets (%) 2.202.522.632.542.02
Return On Equity / Networth (%)12.3813.4011.778.9013.59
Net Interest Margin (X)2.252.081.921.201.06
Cost To Income (%)93.7993.7994.4995.6996.86
Interest Income / Total Assets (%)4.644.383.842.122.00
Non-Interest Income / Total Assets (%)39.2738.8546.0257.9376.29
Operating Profit / Total Assets (%)-37.07-36.32-43.38-55.38-74.26
Operating Expenses / Total Assets (%)38.9438.3945.3056.5974.92
Interest Expenses / Total Assets (%)2.392.301.920.910.94
Enterprise Value (Rs.Cr.)4494.664148.162826.762611.840.00
EV Per Net Sales (X)23.0227.6529.8073.310.00
Price To Book Value (X)2.543.643.074.350.00
Price To Sales (X)9.7215.6017.8758.540.00
Retention Ratios (%) 100.00100.00100.00100.00100.00
Earnings Yield (X)0.040.030.030.020.00

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Fino Payments Bank Ltd. is a Public Limited Listed company incorporated on 23/06/2007 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L65100MH2007PLC171959 and registration number is 171959. Currently Company is involved in the business activities of Monetary intermediation of commercial banks, saving banks. postal savings bank and discount houses. Company's Total Operating Revenue is Rs. 195.23 Cr. and Equity Capital is Rs. 83.22 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Finance - Banks - Private SectorMindspace Juinagar, 8th Floor, New Mumbai Maharashtra 400706Contact not found
Management
NamePosition Held
Mr. Rajat Kumar JainPart Time Chairman & Independent Director
Mr. Rishi GuptaManaging Director & CEO
Mrs. Anita Sudhir PaiIndependent Director
Mrs. Deena Asit MehtaIndependent Director
Mr. Rakesh BhartiaIndependent Director
Mrs. Neeta MukerjiIndependent Director
Mr. Prateek RoongtaNominee Director
Mr. Pankaj KumarNominee Director

FAQ

What is the intrinsic value of Fino Payments Bank Ltd and is it undervalued?

As of 17 April 2026, Fino Payments Bank Ltd's intrinsic value is ₹119.77, which is 4.18% lower than the current market price of ₹125.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (13.3 %), book value (₹90.5), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Fino Payments Bank Ltd?

Fino Payments Bank Ltd is trading at ₹125.00 as of 17 April 2026, with a FY2026-2027 high of ₹339 and low of ₹110. The stock is currently near its 52-week low. Market cap stands at ₹1,036 Cr..

How does Fino Payments Bank Ltd's P/E ratio compare to its industry?

Fino Payments Bank Ltd has a P/E ratio of 14.5, which is below the industry average of 15.04. This is broadly in line with or below the industry average.

Is Fino Payments Bank Ltd financially healthy?

Key indicators for Fino Payments Bank Ltd: ROCE of 6.64 % is on the lower side compared to the industry average of 6.84%. Dividend yield is 0.00 %.

Is Fino Payments Bank Ltd profitable and how is the profit trend?

Fino Payments Bank Ltd reported a net profit of ₹93 Cr in Mar 2025 on revenue of ₹195 Cr. Compared to ₹43 Cr in Mar 2022, the net profit shows an improving trend.

Does Fino Payments Bank Ltd pay dividends?

Fino Payments Bank Ltd has a dividend yield of 0.00 % at the current price of ₹125.00. The company is currently not paying meaningful dividends.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Fino Payments Bank Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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