FINO Payments Bank Ltd. (FINOPB) AI Stock Analysis

• Market Cap: ₹21.30B
• Dividend Yield: N/A
• Average Volume (3M): 22.57K
• Price to Earnings (P/E): 26.6
• Beta (1Y): 1.28
• Revenue Growth: 8.69%
• EPS Growth: -14.14%
• Country: IN
• Employees: 2,682
• Sector: Services
• Sector Strength: N/A
• Industry: Banks - Regional
• EPS (TTM): 7.40
• Shares Outstanding: 83,218,400
• 10 Day Avg. Volume: 41,854
• 30 Day Avg. Volume: 22,575
• PEG Ratio: 2.91
• Price to Book (P/B): 2.65
• Price to Sales (P/S): 2.54
• P/FCF Ratio: -3.21
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 52 Neutral
• Price Target: ₹282.00 ▲(10.18% Upside)

The overall stock score of 52 reflects significant challenges in financial performance, particularly in revenue and cash flow management. Technical analysis indicates a bearish trend, though some upward momentum exists. Valuation suggests the stock is relatively expensive, with no dividend yield to attract income investors.

Positive Factors

Profit Margins

Strong profit margins indicate efficient cost management and pricing power, supporting long-term profitability despite revenue challenges.

Capital Structure

A balanced capital structure and effective equity utilization provide financial stability and resilience against market fluctuations.

Financial Inclusion Focus

Targeting underserved populations through digital solutions positions the company well for growth in emerging markets, leveraging fintech trends.

Negative Factors

Revenue Decline

A declining revenue trend challenges the company's ability to sustain growth and may impact its competitive position in the long run.

Cash Flow Issues

Cash generation concerns could limit the company's ability to invest in growth opportunities and meet financial obligations, affecting long-term viability.

Operational Inefficiencies

Lower operational efficiency as indicated by margins suggests potential cost control issues, which could hinder profitability improvements over time.

FINO Payments Bank Ltd. Business Overview & Revenue Model

Company Description

FINO Payments Bank Limited provides various types of financial services in India. The company offers savings accounts, current accounts, sweep account facility, debit and prepaid cards, and loan referral services. It also provides recharge, bill payment, remittance, and money transfer services; payment systems; mobile banking services; FASTag products; unified payments interface facility; and cash bazar, AADHAAR seeding and micro ATM services. In addition, the company offers health, life, and two wheeler insurance products; and third party financial products distribution and business correspondent banking services. It has 724671 banking outlets, 54 Bank Branches, and 130 Customer Service Points. The company was formerly known as Fino Fintech Limited. The company was incorporated in 2007 and is based in Navi Mumbai, India. FINO Payments Bank Limited operates as a subsidiary of FINO PayTech Limited.

How the Company Makes Money

FINO Payments Bank generates revenue through multiple streams, primarily from interest income on loans and deposits. The bank offers microloans and other credit products, charging interest that contributes significantly to its earnings. Additionally, it earns fees from payment services, including transaction fees for money transfers and bill payments. Another revenue source is interchange fees from card transactions. Partnerships with various businesses and fintech companies enhance its service offerings and customer reach, further driving revenue growth. The bank's focus on digital transactions and financial inclusion allows it to tap into a large customer base, contributing to its overall profitability.

FINO Payments Bank Ltd. Financial Statement Overview

Summary

FINO Payments Bank Ltd. faces challenges with declining revenue and cash flow issues, despite maintaining strong profit margins and a balanced capital structure. The company needs to address operational inefficiencies and improve cash flow management to enhance financial stability.

Income Statement

The income statement shows a significant decline in revenue growth rate, with a negative trend of -55.66% in the latest year. Despite this, the company maintains a healthy gross profit margin of 87.07% and a net profit margin of 11.89%. However, the EBIT and EBITDA margins indicate potential operational inefficiencies, with EBIT margin at 13.92% and EBITDA margin at 21.91%.

Balance Sheet

The balance sheet reflects a moderate debt-to-equity ratio of 1.12, suggesting a balanced approach to leveraging. The return on equity is relatively strong at 12.39%, indicating effective use of equity to generate profits. The equity ratio stands at 17.76%, showing a stable capital structure.

Cash Flow

Cash flow analysis reveals challenges, with negative operating cash flow and free cash flow, indicating potential liquidity issues. The free cash flow to net income ratio is positive at 1.37, but the operating cash flow to net income ratio is negative, highlighting cash generation concerns.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	7.95B	7.78B	6.35B	4.94B	3.94B	3.28B
Gross Profit	6.90B	6.78B	5.56B	4.47B	3.78B	3.18B
EBITDA	1.09B	1.71B	1.40B	1.07B	781.91M	740.61M
Net Income	860.25M	925.35M	862.24M	650.87M	427.41M	204.74M
Balance Sheet
Total Assets	0.00	42.06B	34.19B	24.66B	16.80B	10.10B
Cash, Cash Equivalents and Short-Term Investments	0.00	11.04B	10.66B	8.34B	7.66B	2.71B
Total Debt	0.00	8.39B	7.13B	4.34B	2.50B	1.81B
Total Liabilities	-7.47B	34.59B	27.76B	19.14B	12.00B	8.60B
Stockholders Equity	7.47B	7.47B	6.43B	5.53B	4.80B	1.51B
Cash Flow
Free Cash Flow	0.00	-6.15B	580.78M	-1.14B	1.43B	-1.01B
Operating Cash Flow	0.00	-4.51B	1.62B	-201.00M	2.07B	-322.24M
Investing Cash Flow	0.00	-1.64B	-1.04B	-965.30M	-643.11M	-689.46M
Financing Cash Flow	0.00	6.54B	7.74B	5.99B	6.10B	700.07M

FINO Payments Bank Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 255.95
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:FINOPB, the sentiment is Negative. The current price of 255.95 is below the 20-day moving average (MA) of 280.20, below the 50-day MA of 289.34, and below the 200-day MA of 267.31, indicating a bearish trend. The MACD of -9.08 indicates Positive momentum. The RSI at 36.01 is Neutral, neither overbought nor oversold. The STOCH value of 15.72 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:FINOPB.

FINO Payments Bank Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GTPL	61 Neutral	₹11.27B	27.78	―	2.00%	8.43%	-36.53%
DEN	60 Neutral	₹15.11B	7.88	―	―	-3.51%	-14.31%
HATHWAY	60 Neutral	₹22.23B	22.77	―	―	3.88%	-3.40%
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%
FINOPB	52 Neutral	₹21.30B	26.55	―	―	8.69%	-14.14%
MOBIKWIK	47 Neutral	₹18.39B	-9.10	―	―	―	―