FINO Payments Bank Ltd. (FINOPB) AI Stock Analysis

• Market Cap: ₹23.70B
• Dividend Yield: N/A
• Average Volume (3M): 22.57K
• Price to Earnings (P/E): 29.5
• Beta (1Y): 1.07
• 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: 59 Neutral
• Price Target: ₹332.00 ▲(8.92% Upside)

The overall stock score is primarily influenced by financial performance challenges, including declining revenue and cash flow issues. However, strong technical indicators suggest positive market sentiment, partially offsetting financial concerns. The valuation indicates the stock is relatively expensive, which may limit upside potential.

Positive Factors

Profit Margins

Strong profit margins indicate effective cost management and pricing power, supporting long-term profitability and competitive positioning.

Balanced Capital Structure

A balanced capital structure with moderate leverage enhances financial stability and flexibility, allowing for strategic investments and growth.

Return on Equity

Strong return on equity reflects efficient management and the ability to generate profits from shareholders' investments, supporting long-term value creation.

Negative Factors

Declining Revenue

Declining revenue growth can hinder the company's ability to expand and compete, potentially impacting long-term market position and profitability.

Cash Flow Issues

Negative cash flow highlights liquidity challenges, which may restrict operational flexibility and investment capacity, affecting long-term growth prospects.

Operational Inefficiencies

Operational inefficiencies can lead to higher costs and reduced profitability, undermining competitive advantage and long-term financial health.

FINO Payments Bank Ltd. Business Overview & Revenue Model

Company Description

FINO Payments Bank Ltd. (FINOPB) is a digital banking institution based in India, primarily focused on providing accessible financial services to underserved populations. The bank operates in the fintech sector, offering a range of products including savings accounts, current accounts, fixed deposits, and payment services. Additionally, it provides services such as money transfers, bill payments, and microloans, aiming to enhance financial inclusion through technology-driven solutions.

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: Positive
• Last Price: 304.80
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:FINOPB, the sentiment is Positive. The current price of 304.8 is above the 20-day moving average (MA) of 289.23, above the 50-day MA of 294.90, and above the 200-day MA of 264.93, indicating a bullish trend. The MACD of 5.01 indicates Negative momentum. The RSI at 60.77 is Neutral, neither overbought nor oversold. The STOCH value of 68.80 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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	₹11.20B	27.60	―	2.02%	8.43%	-36.53%
DEN	60 Neutral	₹14.62B	7.62	―	―	-3.51%	-14.31%
HATHWAY	60 Neutral	₹24.14B	24.73	―	―	3.88%	-3.40%
FINOPB	59 Neutral	₹23.70B	29.55	―	―	8.69%	-14.14%
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%
MOBIKWIK	47 Neutral	₹19.86B	-11.13	―	―	―	―