Pine Labs Limited Share Price & Analysis
Price Chart
Fundamentals
Strengths
- ✓Virtually debt-free
- ✓Near 52-week low — potential value zone (₹135)
Concerns
- ✗Low capital efficiency (ROCE 4.2%)
- ✗Premium to sector peers (P/E 154x vs industry 35.4x)
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| HDFCBANK HDFC Bank Limited | ₹754 | ₹12.6L Cr | 16 | 1.93 | 13.6 | 7.02 | — |
| ICICIBANK ICICI Bank Limited | ₹1,440 | ₹10.4L Cr | 18.5 | 2.73 | 17.3 | 7.59 | — |
| SBIN State Bank of India | ₹1,025 | ₹9.6L Cr | 11.6 | 1.59 | 15.4 | 6.13 | — |
| BAJFINANCE Bajaj Finance Limited | ₹1,056 | ₹6.6L Cr | 34.2 | 5.77 | 18.2 | 10.9 | — |
| LICI Life Insurance Corporation Of India | ₹424 | ₹5.5L Cr | 9.54 | 3.03 | 37.8 | 35.1 | 0 |
| AXISBANK Axis Bank Limited | ₹1,234 | ₹4.1L Cr | 14.9 | 1.73 | 13.1 | 6.24 | — |
| KOTAKBANK Kotak Mahindra Bank Limited | ₹382 | ₹3.9L Cr | 19.4 | 2.1 | 11.4 | 6.98 | — |
Showing 7 peers in the same sector · Sorted by market cap
Latest News
All news →Pine Labs shares surge on investor presentation buzz
*Pine Labs shares saw strong momentum following its investor presentation.* The filing, submitted to the NSE, highlighted growth metrics and future strategy. While no immediate financial figures were disclosed, market sentiment turned positive amid IPO speculation. 📊 *STOCKS:* PINELABS | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #IPO
Pine Labs launches India's first agentic payment protocol P3P on UPI
*Pine Labs launches India's first agentic payment protocol P3P on UPI.* The new AI-driven P3P protocol enables automated payments via UPI, marking a significant innovation in fintech. The system allows AI agents to initiate and complete transactions without human intervention. This could accelerate adoption of autonomous payments across e-commerce and services. 📊 *STOCKS:* PINELABS | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #Fintech
Actis sells 0.86% in Pine Labs for ₹151.6 crore
*Actis sells 0.86% stake in Pine Labs for ₹151.6 crore via bulk deal.* The transaction indicates a partial exit by the private equity firm, reflecting investor consolidation in the fintech space. Pine Labs remains a key player in digital payments and merchant solutions. Recent bulk deals signal evolving shareholder dynamics ahead of potential IPO plans. 📊 *STOCKS:* PINELABS | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #BulkDeal
Pine Labs acquires Shopflo in fintech consolidation move
Pine Labs has acquired Shopflo, strengthening its fintech footprint. *Pine Labs acquires Shopflo in fintech consolidation move*. The deal enhances Pine Labs’ merchant solutions portfolio. Obhan Mason advised on the legal aspects of the acquisition. 📊 *STOCKS:* | 🏢 *SECTOR:* Corporate | #MEDIUMIMPACT #Acquisition
Financials
Quarterly Results
| Metric | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|
| Revenue | ₹701 Cr ▼5.8% | ₹744 Cr ▲14.5% | ₹650 Cr ▲5.5% | ₹616 Cr ▲2.8% | ₹599 Cr ▼0.5% | ₹602 Cr ▲9.1% | ₹552 Cr |
| Op. Profit | ₹106 Cr ▼19.7% | ₹132 Cr ▲76.0% | ₹75 Cr ▲66.7% | ₹45 Cr ▼21.1% | ₹57 Cr ▼26.0% | ₹77 Cr ▲140.6% | ₹32 Cr |
| OPM | 15.0% ▼16.7% | 18.0% ▲50.0% | 12.0% ▲71.4% | 7.0% ▼22.2% | 9.0% ▼30.8% | 13.0% ▲116.7% | 6.0% |
| Net Profit | ₹59 Cr ▲40.5% | ₹42 Cr ▲600.0% | ₹6 Cr ▲20.0% | ₹5 Cr ▲117.2% | ₹-29 Cr ▲49.1% | ₹-57 Cr ▼78.1% | ₹-32 Cr |
| EPS (₹) | 0.52 ▲40.5% | 0.37 ▲184.6% | 0.13 ▲18.2% | 0.11 ▲132.4% | -0.34 ▲49.3% | -0.67 ▼76.3% | -0.38 |
Values in ₹ Cr · Source: Screener.in
Annual Profit & Loss
| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|---|
| Revenue | ₹2.7K Cr ▲19.2% | ₹2.3K Cr ▲28.5% | ₹1.8K Cr ▲10.8% | ₹1.6K Cr ▲71.5% | ₹932 Cr ▲39.1% | ₹670 Cr ▼21.0% | ₹848 Cr |
| Expenses | ₹2.4K Cr ▲14.4% | ₹2.1K Cr ▲14.6% | ₹1.8K Cr ▲12.7% | ₹1.6K Cr ▲94.1% | ₹820 Cr ▲46.4% | ₹560 Cr ▼26.3% | ₹760 Cr |
| Op. Profit | ₹358 Cr ▲64.2% | ₹218 Cr ▲972.0% | ₹-25 Cr ▼600.0% | ₹5 Cr ▼95.5% | ₹112 Cr ▲1.8% | ₹110 Cr ▲26.4% | ₹87 Cr |
| OPM | 13.0% ▲30.0% | 10.0% ▲1100.0% | -1.0% | 0.0% ▼100.0% | 12.0% ▼25.0% | 16.0% ▲60.0% | 10.0% |
| Other Income | ₹133 Cr ▲731.3% | ₹16 Cr ▼70.9% | ₹55 Cr ▼1.8% | ₹56 Cr ▲124.0% | ₹25 Cr ▲92.3% | ₹13 Cr ▼27.8% | ₹18 Cr |
| Interest | ₹84 Cr ▲6.3% | ₹79 Cr ▲23.4% | ₹64 Cr ▲77.8% | ₹36 Cr ▲50.0% | ₹24 Cr ▲9.1% | ₹22 Cr ▲22.2% | ₹18 Cr |
| Depreciation | ₹270 Cr ▼7.5% | ₹292 Cr ▼19.6% | ₹363 Cr ▲15.2% | ₹315 Cr ▲66.7% | ₹189 Cr ▲8.0% | ₹175 Cr ▲12.9% | ₹155 Cr |
| PBT | ₹137 Cr ▲200.7% | ₹-136 Cr ▲65.8% | ₹-398 Cr ▼37.7% | ₹-289 Cr ▼285.3% | ₹-75 Cr ▼1.4% | ₹-74 Cr ▼8.8% | ₹-68 Cr |
| Tax % | 18.0% ▲157.1% | 7.0% ▲150.0% | -14.0% ▼75.0% | -8.0% ▲88.6% | -70.0% ▼180.0% | -25.0% ▲16.7% | -30.0% |
| Net Profit | ₹113 Cr ▲177.9% | ₹-145 Cr ▲57.6% | ₹-342 Cr ▼29.1% | ₹-265 Cr ▼1052.2% | ₹-23 Cr ▲58.9% | ₹-56 Cr ▼19.1% | ₹-47 Cr |
| EPS (₹) | 0.98 ▲156.6% | -1.73 ▲57.5% | -4.07 ▲78.6% | -18.99 ▼1037.1% | -1.67 ▲61.5% | -4.34 ▼9.9% | -3.95 |
| Div Payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Values in ₹ Cr · Source: Screener.in
Balance Sheet
| Item | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|---|
| Liabilities | |||||||
| Equity Capital | ₹115 Cr ▲114900.0% | ₹0.1 Cr ▲0.0% | ₹0.1 Cr ▲400.0% | ₹0.02 Cr ▼99.9% | ₹14 Cr ▲7.7% | ₹13 Cr ▲8.3% | ₹12 Cr |
| Reserves | ₹5.8K Cr ▲68.5% | ₹3.4K Cr ▼1.0% | ₹3.5K Cr ▼5.4% | ₹3.7K Cr ▲92.8% | ₹1.9K Cr ▲61.3% | ₹1.2K Cr ▲13.8% | ₹1.0K Cr |
| Borrowings | ₹441 Cr ▼57.8% | ₹1.0K Cr ▲43.3% | ₹730 Cr ▲42.0% | ₹514 Cr ▲117.8% | ₹236 Cr ▲23.6% | ₹191 Cr ▲8.5% | ₹176 Cr |
| Other Liabilities | ₹7.0K Cr ▲11.9% | ₹6.2K Cr ▲14.8% | ₹5.4K Cr ▲5.5% | ₹5.1K Cr ▲25.1% | ₹4.1K Cr ▲29.1% | ₹3.2K Cr ▲43.1% | ₹2.2K Cr |
| Total Liabilities | ₹13.3K Cr ▲24.3% | ₹10.7K Cr ▲11.2% | ₹9.6K Cr ▲3.2% | ₹9.3K Cr ▲48.8% | ₹6.3K Cr ▲37.1% | ₹4.6K Cr ▲32.5% | ₹3.4K Cr |
| Assets | |||||||
| Fixed Assets | ₹2.0K Cr ▲7.6% | ₹1.8K Cr ▼4.9% | ₹1.9K Cr ▼8.7% | ₹2.1K Cr ▲106.4% | ₹1.0K Cr ▲4.0% | ₹980 Cr ▼3.6% | ₹1.0K Cr |
| CWIP | ₹41 Cr ▼74.4% | ₹160 Cr ▼27.9% | ₹222 Cr ▼17.5% | ₹269 Cr ▲120.5% | ₹122 Cr ▲154.2% | ₹48 Cr ▼7.7% | ₹52 Cr |
| Investments | ₹28 Cr ▼6.7% | ₹30 Cr ▲42.9% | ₹21 Cr ▲16.7% | ₹18 Cr ▼64.0% | ₹50 Cr ▲47.1% | ₹34 Cr ▼15.0% | ₹40 Cr |
| Other Assets | ₹11.3K Cr ▲29.7% | ₹8.7K Cr ▲16.5% | ₹7.5K Cr ▲7.6% | ₹6.9K Cr ▲36.6% | ₹5.1K Cr ▲44.7% | ₹3.5K Cr ▲49.9% | ₹2.3K Cr |
| Total Assets | ₹13.3K Cr ▲24.3% | ₹10.7K Cr ▲11.2% | ₹9.6K Cr ▲3.2% | ₹9.3K Cr ▲48.8% | ₹6.3K Cr ▲37.1% | ₹4.6K Cr ▲32.5% | ₹3.4K Cr |
Values in ₹ Cr · Source: Screener.in
Cash Flow Statement
| Item | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|---|
| Operating CF | ₹395 Cr ▲690.0% | ₹50 Cr ▲121.8% | ₹-229 Cr ▼50.7% | ₹-152 Cr ▼92.4% | ₹-79 Cr ▼171.2% | ₹111 Cr ▲909.1% | ₹11 Cr |
| Investing CF | ₹-1.3K Cr ▼175.5% | ₹-486 Cr ▼2109.1% | ₹-22 Cr ▲95.0% | ₹-441 Cr ▲0.5% | ₹-443 Cr ▼70.4% | ₹-260 Cr ▼332.1% | ₹112 Cr |
| Financing CF | ₹2.0K Cr ▲1081.1% | ₹-201 Cr ▲8.6% | ₹-220 Cr ▼11100.0% | ₹2 Cr ▼99.9% | ₹1.6K Cr ▲99.8% | ₹823 Cr ▼42.5% | ₹1.4K Cr |
| Net Cash Flow | ₹1.0K Cr ▲261.5% | ₹-637 Cr ▼35.2% | ₹-471 Cr ▲20.3% | ₹-591 Cr ▼152.7% | ₹1.1K Cr ▲66.5% | ₹674 Cr ▼56.6% | ₹1.6K Cr |
| Free Cash Flow | ₹161 Cr ▲262.6% | ₹-99 Cr ▲79.6% | ₹-486 Cr ▲6.0% | ₹-517 Cr ▼27.0% | ₹-407 Cr ▼653.7% | ₹-54 Cr ▲65.4% | ₹-156 Cr |
Values in ₹ Cr · Source: Screener.in
Key Ratios History
| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|---|
| Debtor Days | 140d ▲2.9% | 136d ▲1.5% | 134d ▼0.7% | 135d ▲16.4% | 116d ▼40.8% | 196d ▲113.0% | 92d |
| Inventory Days | 32d ▼15.8% | 38d ▼41.5% | 65d ▼51.5% | 134d | — | 23d ▲360.0% | 5d |
| Days Payable | 382d ▼44.9% | 693d ▼23.7% | 908d ▼26.4% | 1233d | — | 1345d ▲834.0% | 144d |
| Cash Conv. Cycle | -210d ▲59.5% | -519d ▲26.7% | -708d ▲26.6% | -964d ▼931.0% | 116d ▲110.3% | -1126d ▼2295.7% | -47d |
| Working Capital Days | -609d ▲20.1% | -762d ▲5.6% | -807d ▲0.7% | -813d ▲35.2% | -1255d ▼0.2% | -1252d ▼73.4% | -722d |
| ROCE | 4.0% | 0.0% ▲100.0% | -8.0% ▼14.3% | -7.0% ▼133.3% | -3.0% ▲25.0% | -4.0% | — |
Source: Screener.in · Lower days = better efficiency