Fino Payments Bank Ltd - Stock Valuation and Financial Performance

BSE: 543386 | NSE: FINOPB | Bank - Private | Small Cap

Fino Payments Bank Ltd Share Price

316.75 -2.25 -0.71%
as on 26-Feb'24 16:59

DeciZen - make an informed investing decision on Fino Payments Bank

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Fino Payments Bank stock performance -

mw4me loader
P/E Ratio (SA):
31.94
Market Cap:
2,654.5 Cr.
52-wk low:
195.7
52-wk high:
383.8

Is Fino Payments Bank Ltd an attractive stock to invest in?

1. Is Fino Payments Bank Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Fino Payments Bank Ltd is a below average quality company.

2. Is Fino Payments Bank Ltd undervalued or overvalued?

The key valuation ratios of Fino Payments Bank Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Fino Payments Bank Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Fino Payments Bank Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

10 Year X-Ray of Fino Payments Bank:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Fino Payments Bank Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good
Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Net Interest Income (₹ Cr.)13.68.310.720.347.567.8
YoY Gr. Rt. %--39.4%29.7%89.7%133.8%-
Total Income3716917911,0091,2301,401
YoY Gr. Rt. %-86.3%14.4%27.5%21.9%-
Adj EPS (₹ ) -14-7.22.65.17.810
YoY Gr. Rt. %-NANA96.2%52.1%-
BVPS (₹ )36.429.219.357.365.172.4
YoY Gr. Rt. %--19.8%-33.9%196.8%13.7%-
To view Net Profit/Total Funds (%) Colour Rating Guide click here
Net Profit/Total Funds (%)-9.1-4.92.53.23.10
To view Net NPA to Net Advances (%) Colour Rating Guide click here
Net NPA to Net Advances (%)00000-
To view Capital Adequacy Ratio (%) Colour Rating Guide click here
Capital Adequacy Ratio (%)-----86.05

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Net Interest IncomeNANA79.2%133.8%
Total IncomeNANA21.2%21.9%
Adj EPSNANANA52.1%
BVPSNANA30.7%13.7%
Share Price - - - 45.5%

Key Financial Ratios

RATIOS \ YEARSMar'19Mar'20Mar'21Mar'22Mar'23TTM
Interest Earned / Total Income5.162.622.563.537.719.9
Margins To view Margins Colour Rating Guide click here
NIM (%)31.91.41.52.40
Performance Ratios To view Performance Ratios Colour Rating Guide click here
Return on Equity (%)-38.5-21.914.613.612.813.8
Liquidity Ratio To view Liquidity Ratio Colour Rating Guide click here
CASA (%)100100100100100-

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 14.50%

Total Income has increased 21.17 CAGR in last 3 years

Total income growth is good in last 4 quarters

Net Profit has declined 0.00 CAGR in last 3 years

Latest Financials - Fino Payments Bank Ltd.

Standalone Consolidated
TTM EPS (₹) 10 -
TTM Sales (₹ Cr.) 138 -
BVPS (₹.) 72.4 -
Reserves (₹ Cr.) 520 -
P/BV 4.40 -
PE 31.94 -
From the Market
52 Week Low / High (₹) 195.65 / 383.75
All Time Low / High (₹) 182.55 / 583.35
Market Cap (₹ Cr.) 2,655
Equity (₹ Cr.) 83.2
Face Value (₹) 10
Industry PE 19.3

Management X-Ray of Fino Payments Bank:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Fino Payments Bank

Adj EPS (Rs.)

Total Income (Cr.)

ROE (%)

BVPS (Rs.)

Balance Sheet

(All Figures are in Crores.)

Profit And Loss

(All Figures in Cr. Adjusted EPS in Rs.)

Cash Flow

(All Figures are in Crores.)

Fino Payments Bank Ltd Stock News

Fino Payments Bank Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Fino Payments Bank on 26-Feb-2024 16:59 is ₹316.8.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 26-Feb-2024 16:59 the market cap of Fino Payments Bank stood at ₹2,654.5.
The latest P/E ratio of Fino Payments Bank as of 26-Feb-2024 16:59 is 31.94.
The latest P/B ratio of Fino Payments Bank as of 26-Feb-2024 16:59 is 4.40.
The 52-week high of Fino Payments Bank is ₹383.8 and the 52-week low is ₹195.7.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Fino Payments Bank is ₹138.1 ( Cr.) .

About Fino Payments Bank Ltd

Fino Payments Bank is a growing fintech company offering a diverse range of financial products and services that are primarily digital and have a payments focus. It offers such products and services to its target market via a pan-India distribution network and proprietary technologies. The bank’s products and services include various current accounts and savings accounts (CASA), issuance of debit card and related transactions, facilitating domestic remittances, open banking functionality (via its Application Programming Interface (API)), withdrawing and depositing cash (via micro-ATM or Aadhaar Enabled Payment System AePS) and cash management services (CMS). Its merchants also leverage the customer relationships within their respective communities to facilitate it cross-selling other financial products and services such as third party gold loans, insurance, bill payments and recharges. It also manages a large BC network on behalf of other banks.

The bank is also the only payments bank to offer a subscription based savings account in India. Customer satisfaction, its brand and reputation have played an important role in it becoming an industry leader in fintech products and services, as well as to further developing its business and improving its market position. Additionally, by remaining focused on its payments business it is able to continue leveraging its deep market expertise which in turn helps it develop products and services that meet the needs of its target market. Its significant geographic coverage and position as a large-scale, leading technology-enabled company with a diverse banking product offering also provides economies of scale that yield significant operating efficiencies, supports future growth and also helps to diversify some of its risks, such as regional or geographical risks or concentration risks. The bank operates an asset light business model that principally relies on fee and commission based income generated from its merchant network and strategic commercial relationships. Each merchant serves the banking and financial needs of its community, which in turn forms the backbone of its assisted-digital ecosystem, referred to as its ‘phygital’ delivery model (i.e., a combination of physical and digital).

Business area of the bank

The company is primarily engaged in providing technology-based solutions and services related to financial inclusion.

Products & other services

  • Savings Account
  • Current Account
  • BPay
  • Loans
  • Insurance

Major events and milestones

  • 2007-2008: Fino Fintech Foundation was incorporated under the Companies Act, 1956.
  • 2014-2015: The bank’s Promoter, Fino PayTech received RBI’s in-principle approval to establish a Payments Bank.
  • 2014-2015: The bank was renamed as ‘Fino Fintech’.
  • 2016-2017: The Bank was converted into a public limited company and consequently renamed as ‘Fino Fintech’.
  • 2016-2017: RBI granted our Bank the license to carry out the business of Payments Bank.
  • 2016-2017: The name of the Bank changed to ‘Fino Payments Bank’.
  • 2017-2018: The bank received license from RBI to operate as Authorised Dealer Category II.
  • 2017-2018: RBI granted approval to issue and operate pre-paid payments instruments.
  • 2017-2018: The bank’s Promoter transferred its pre-paid payment instruments business to it.
  • 2020-2021: The bank’s name was included in the second schedule of RBI Act.
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