Fino Payments Bank (FINOPB) is loss-making over the last 12 months, losing ₹15 Cr, so a P/E ratio does not apply. Its share price on 6 Nov 2026 was ₹122.60, 62% below its 52-week high. For banks and lenders, ROCE and debt-to-equity are not used; it trades at 1.32× book value. It is a small-cap company with a market cap of ₹1,020 Cr, ranked 41st of 41 Banks (Regional) companies by market cap; the shares fell 57% over the past year.
- ₹122.02
- ₹124.90
- ₹119.00
- ₹122.47
- 1.2 L
Health check
- ReturnsBehind
−57.0% over a year, better than 0 of 7 peers.
- Price tagLoss-making
Earnings were negative over the last 12 months.
- GrowthShrinking
Profit −6.9% a year over 3 years.
- ProfitabilityNegative
ROE -2.0% vs peer median 14.7%.
- Balance sheetLosing money
Return on assets -0.30%. Bad-loan data isn’t covered.
- Red flags3 to check
Loss-making over the last twelve months.
Small cap
Defensive
Key metrics
- Market cap
- ₹1,020 Cr
- Small cap
- P/E
- n/a
- Industry 9.2
- Price to book
- 1.32
- Peers 1.78
- Dividend yield
- 0.00%
- ROE
- −2.0%
- Peers 14.7%
- ROCE
- n/m
- Not meaningful for lenders
- Debt to equity
- n/m
- Not meaningful for lenders
- EPS (TTM)
- −₹1.84
- Face value ₹10
- OPM (TTM)
- −7.0%
- Net margin −1.2%
- Sales growth
- n/m
- Not meaningful for lenders
- Profit growth
- n/a
- Year-ago quarter not reported
- Price to sales
- 0.83
Strengths and risks
Risks to check
- Loss-making over the last twelve months.
- Return on equity is low at −2.0%.
- 62% below its 52-week high.
About Fino Payments Bank
Fino Payments Bank Limited provides financial solutions and services in India. The company offers savings, current, and salary accounts; personal, home and property, gold, and referral loans; debit and prepaid cards; and life, health, general, motor, and shopkeeper insurance products, as well as fixed deposit and sweep account facility. It also provides cash management services to various sectors, such as micro-finance, banking, logistics, e-commerce,…
- Headquarters
- Navi Mumbai
- Employees
- 732
- Sector
- Financial Services
- ISIN
- INE02NC01014
- Website
- fino.bank.in
Price range
- Avg volume (3M)
- 7.2 L
- 1-year return
- minus 57.0%
- From 52-week high
- minus 62.5%
Peers · Banks - Regional
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| HDFCBANKHDFC Bank | 788.25 | plus 3.72% | 12,16,451 | 17.2 | 2.00 | 11.0% | 1.7% | 12.5% | 1.65% | minus 22.9% |
| ICICIBANKICICI Bank | 1,571.20 | plus 4.75% | 11,28,255 | 19.3 | 2.89 | 16.5% | 2.1% | 16.8% | 0.76% | plus 12.2% |
| SBINState Bank of India | 1,018.50 | plus 1.20% | 9,40,138 | 10.4 | 1.40 | 14.7% | 1.2% | 14.4% | 1.70% | plus 5.1% |
| KOTAKBANKKotak Mahindra Bank | 480.00 | plus 2.78% | 4,77,498 | 22.2 | 2.45 | 11.8% | 2.1% | 8.9% | 0.14% | plus 11.4% |
| AXISBANKAxis Bank | 1,322.90 | plus 3.35% | 4,11,985 | 13.8 | 1.78 | 13.9% | 1.6% | 34.6% | 0.08% | plus 4.4% |
| PNBPunjab National Bank | 126.55 | plus 0.36% | 1,45,443 | 6.4 | 0.90 | 15.1% | 1.1% | 76.4% | 2.37% | plus 2.3% |
| UNIONBANKUnion Bank of India | 187.00 | minus 0.53% | 1,42,748 | 6.5 | 1.00 | 16.3% | 1.4% | 31.7% | 2.67% | plus 24.1% |
| FINOPBFino Payments Bank | 122.60 | plus 0.11% | 1,020 | – | 1.32 | −2.0% | −0.3% | −6.9% | 0.00% | minus 57.0% |
| Median of 7 peers | – | 2.78% | 4,77,498 | 13.8 | 1.78 | 14.7% | 1.6% | 16.8% | 1.65% | 5.1% |
Quarterly results
| ₹ Cr | Jun 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|
| 425 | 365 | 311 | 272 | 298 | |
| 28.4 | 29.4 | 28.9 | 35.3 | 35.5 | |
| – | 3.1 | −1.3 | – | – | |
| 24.6 | 23.7 | 4.1 | −13.7 | −20.9 | |
| 27.9% | 22.0% | −73.2% | – | – | |
| 17.8 | 18.5 | 7.1 | −13.7 | −20.9 | |
| 2.13 | 1.47 | 0.85 | -1.65 | -2.51 |
Profit & loss
- Profit CAGR 3Y
- −6.9%
- EPS CAGR 3Y
- −7.0%
- ROE
- −2.0%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 447 | 556 | 678 | 695 | |
| – | +24.3% | +21.9% | +2.6% | |
| 47.4 | 78.9 | 101 | 114 | |
| 41.9 | 53.4 | 62.1 | 76.2 | |
| −0 | 0 | 0 | – | |
| 65.1 | 86.3 | 108 | 67.4 | |
| – | 0.1% | 14.6% | 22.2% | |
| 65.1 | 86.2 | 92.5 | 52.5 | |
| – | +32.5% | +7.3% | minus 43.3% | |
| 7.82 | 10.36 | 11.08 | 6.29 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 83.2 | 83.2 | 83.2 | 83.2 | |
| 469 | 560 | 664 | 722 | |
| 434 | 713 | 839 | 1,535 | |
| 1,480 | 2,063 | 2,620 | 2,971 | |
| 2,466 | 3,419 | 4,206 | 5,312 | |
| 145 | 195 | 298 | 364 | |
| 5.5 | 47.3 | 130 | 8.8 | |
| 1,146 | 1,747 | 2,388 | 3,254 | |
| 834 | 1,066 | 1,104 | 1,351 | |
| 336 | 364 | 286 | 334 | |
| 2,466 | 3,419 | 4,206 | 5,312 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| −20.1 | 56.8 | 76.2 | −307 | |
| −96.5 | −104 | −164 | −143 | |
| 184 | 279 | 127 | 696 | |
| 67.8 | 232 | 38.6 | 246 | |
| −94.3 | −104 | −165 | −143 | |
| −114 | −47 | −88.3 | −449 |
Shareholding pattern
- Promoters75.00%
- Public25.00%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 75.00% | 25.00% | 0.00 | |
| 30 Jun 2026 | 75.00% | 25.00% | 0.00 | |
| 31 Mar 2026 | 75.00% | 25.00% | 0.00 | |
| 31 Dec 2025 | 75.00% | 25.00% | 0.00 | |
| 30 Sep 2025 | 75.00% | 25.00% | – |
Major shareholders
Filings & events
News
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