FINOPB

Fino Payments Bank Limited

Retail and commercial bank with deposit and lending services

Financial Services›Financial Services›Banks›Other Bank

fino.bank.in(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹134.10
Market cap
1,115 Cr
Stock P/E
53.1
P/B
1.39
ROE (FY26)
6.8%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Fino Payments Bank is an Indian bank that earns mostly fee income from digital payments and merchant-network banking, and holds low-cost savings deposits from a customer base of 1.83 crore accounts (Q1 FY27 call).

Company snapshot

9thBy market cap

Ranked among 9 companies in Other Bank.

Segment mix

Reportable segments as of 2024-12-31 (Standalone). Revenue share = segment revenue ÷ total revenue.

Largest segment: 66.5% of revenue

SegmentRevenue shareRevenuePBTAssets
Corporate/ Wholesale Banking—0 Cr0 Cr0 Cr
Other Banking Operations
66.5%
307 Cr42 Cr320 Cr
Retail Banking
22.8%
105 Cr40 Cr151 Cr
Treasury
10.7%
49 Cr34 Cr2,803 Cr
Unallocated
0.0%
0.01 Cr0 Cr0 Cr

What we see

Concerns
  • ✗Operating cash flow is negative even though the company shows a profit — the business may not be generating real cash yet.

Statement tables · Standalone

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Standalone only

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Net Interest Income18 Cr18 Cr18 Cr21 Cr23 Cr24 Cr27 Cr33 Cr32 Cr34 Cr35 Cr37 Cr
Other income322 Cr331 Cr360 Cr392 Cr408 Cr412 Cr441 Cr392 Cr340 Cr331 Cr276 Cr235 Cr
Net operating income340 Cr349 Cr378 Cr413 Cr430 Cr436 Cr468 Cr425 Cr372 Cr365 Cr311 Cr272 Cr
Employee cost44 Cr44 Cr46 Cr50 Cr50 Cr52 Cr55 Cr58 Cr56 Cr54 Cr53 Cr58 Cr
Other expenses276 Cr282 Cr307 Cr339 Cr355 Cr355 Cr383 Cr342 Cr295 Cr290 Cr252 Cr227 Cr
Provisions & contingencies0.56 Cr0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr
Depreciation————————————
Profit before tax20 Cr23 Cr25 Cr24 Cr26 Cr28 Cr30 Cr25 Cr21 Cr17 Cr4 Cr-14 Cr
Tax %0.0%0.0%0.3%0.0%18.4%18.8%19.2%27.9%27.7%29.8%-73.2%0.0%
Net profit20 Cr23 Cr25 Cr24 Cr21 Cr23 Cr24 Cr18 Cr15 Cr12 Cr7 Cr-14 Cr
EPS (₹)₹2.35₹2.74₹3.03₹2.92₹2.54₹2.78₹2.89₹2.13₹1.84₹1.47₹0.85₹-1.65

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Net Interest Income14 Cr8 Cr11 Cr20 Cr47 Cr71 Cr95 Cr134 CrSign in free for the trailing twelve months
Other income352 Cr673 Cr771 Cr973 Cr1,135 Cr1,328 Cr1,652 Cr1,340 CrSign in free for the trailing twelve months
Net operating income366 Cr682 Cr781 Cr994 Cr1,183 Cr1,399 Cr1,747 Cr1,474 CrSign in free for the trailing twelve months
Employee cost———133 Cr156 Cr177 Cr207 Cr222 CrSign in free for the trailing twelve months
Other expenses———818 Cr962 Cr1,135 Cr1,432 Cr1,180 CrSign in free for the trailing twelve months
Provisions & contingencies———0 Cr0 Cr0.56 Cr0 Cr0 CrSign in free for the trailing twelve months
Depreciation————————Sign in free for the trailing twelve months
Profit before tax———43 Cr65 Cr86 Cr108 Cr67 CrSign in free for the trailing twelve months
Tax %———0.0%0.0%0.1%14.6%22.2%Sign in free for the trailing twelve months
Net profit-62 Cr-32 Cr20 Cr43 Cr65 Cr86 Cr93 Cr52 CrSign in free for the trailing twelve months
EPS (₹)₹-8.00₹-4.11₹2.62₹5.34₹7.82₹10.36₹11.12₹6.30Sign in free for the trailing twelve months
Dividend payout %———0.0%0.0%0.0%0.0%0.0%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital45 Cr45 Cr45 Cr83 Cr83 Cr83 Cr83 Cr83 Cr
Reserves118 Cr85 Cr106 Cr397 Cr469 Cr545 Cr636 Cr687 Cr
Borrowings83 Cr111 Cr181 Cr250 Cr434 Cr713 Cr839 Cr1,535 Cr
Other liabilities439 Cr383 Cr679 Cr951 Cr1,480 Cr2,079 Cr2,647 Cr3,006 Cr
Total liabilities684 Cr624 Cr1,010 Cr1,680 Cr2,466 Cr3,419 Cr4,206 Cr5,312 Cr
Fixed assets (net)42 Cr49 Cr64 Cr93 Cr145 Cr195 Cr298 Cr364 Cr
CWIP————————
Investments73 Cr128 Cr504 Cr631 Cr1,146 Cr1,747 Cr2,388 Cr3,254 Cr
Loans & advances0.08 Cr0.10 Cr0.13 Cr0.24 Cr0.12 Cr0.07 Cr0.17 Cr0.09 Cr
Cash & bank157 Cr131 Cr88 Cr224 Cr220 Cr317 Cr183 Cr154 Cr
Other assets411 Cr315 Cr354 Cr732 Cr955 Cr1,159 Cr1,337 Cr1,539 Cr
Total assets684 Cr624 Cr1,010 Cr1,680 Cr2,466 Cr3,419 Cr4,206 Cr5,312 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity29 Cr-84 Cr-32 Cr207 Cr-20 Cr57 Cr76 Cr-307 Cr
Cash from investing-14 Cr-31 Cr-69 Cr-64 Cr-97 Cr-104 Cr-164 Cr-143 Cr
Cash from financing35 Cr28 Cr70 Cr352 Cr184 Cr279 Cr127 Cr696 Cr
Net cash flow50 Cr-86 Cr-31 Cr495 Cr68 Cr232 Cr39 Cr246 Cr
Free cash flow (OCF − Capex)15 Cr-114 Cr-101 Cr143 Cr-114 Cr-47 Cr-88 Cr-449 Cr

Ratios

MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROE %-38.5%-24.6%13.6%8.9%11.8%13.7%12.9%6.8%

Regulatory ratios (standalone basis)

RBI ratios for the bank itself (standalone filing), on both views.

MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Gross NPA———0 Cr0 Cr0 Cr0 Cr0 Cr
Gross NPA %———0.0%0.0%0.0%0.0%0.0%
Net NPA———0 Cr0 Cr0 Cr0 Cr0 Cr
Net NPA %———0.0%0.0%0.0%0.0%0.0%
CET1 %———100.0%86.1%79.0%73.9%75.0%
Additional Tier 1 %———0.0%0.0%0.0%0.0%0.0%
ROA %———2.5%0.0%0.0%0.0%0.0%