Fino Payments Bank Ltd
Financial Inclusion Network Operations (“FINO”) 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 the target market via a Pan-India distribution network.[1]
- Market Cap ₹ 2,005 Cr.
- Current Price ₹ 241
- High / Low ₹ 467 / 215
- Stock P/E 21.4
- Book Value ₹ 77.3
- Dividend Yield 0.00 %
- ROCE 7.07 %
- ROE 14.4 %
- Face Value ₹ 10.0
Pros
- Company is expected to give good quarter
- Company has delivered good profit growth of 27.6% CAGR over last 5 years
Cons
- Stock is trading at 3.12 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Tax rate seems low
- Company has a low return on equity of 13.6% over last 3 years.
- Earnings include an other income of Rs.1,571 Cr.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Banks Industry: Banks - Private Sector
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
|---|---|---|---|---|---|---|---|---|
| Revenue | 16 | 19 | 18 | 20 | 36 | 95 | 150 | 184 |
| Interest | 3 | 6 | 10 | 10 | 15 | 47 | 79 | 98 |
| 279 | 410 | 690 | 707 | 915 | 1,076 | 1,260 | 1,553 | |
| Financing Profit | -266 | -396 | -682 | -697 | -895 | -1,028 | -1,189 | -1,467 |
| Financing Margin % | -1,716% | -2,068% | -3,760% | -3,441% | -2,512% | -1,084% | -792% | -798% |
| 215 | 352 | 673 | 771 | 973 | 1,135 | 1,328 | 1,571 | |
| Depreciation | 16 | 18 | 24 | 54 | 35 | 42 | 53 | 0 |
| Profit before tax | -67 | -62 | -32 | 20 | 43 | 65 | 86 | 104 |
| Tax % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | |
| -67 | -62 | -32 | 20 | 43 | 65 | 86 | 94 | |
| EPS in Rs | -15.11 | -13.99 | -7.19 | 4.59 | 5.14 | 7.82 | 10.36 | 11.27 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 51% |
| 3 Years: | 95% |
| TTM: | 33% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 28% |
| 3 Years: | 60% |
| TTM: | 13% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -1% |
| 1 Year: | -25% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 11% |
| 3 Years: | 14% |
| Last Year: | 14% |
Balance Sheet
Figures in Rs. Crores
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 45 | 45 | 45 | 45 | 83 | 83 | 83 |
| Reserves | 180 | 118 | 85 | 106 | 397 | 469 | 560 |
| 87 | 130 | 228 | 424 | 752 | 1,351 | 2,125 | |
| 226 | 392 | 266 | 436 | 448 | 563 | 651 | |
| Total Liabilities | 538 | 684 | 624 | 1,010 | 1,680 | 2,466 | 3,419 |
| 46 | 42 | 49 | 62 | 92 | 139 | 148 | |
| CWIP | 1 | 0 | 0 | 2 | 0 | 5 | 47 |
| Investments | 64 | 73 | 128 | 504 | 631 | 1,146 | 1,747 |
| 427 | 569 | 446 | 443 | 956 | 1,175 | 1,477 | |
| Total Assets | 538 | 684 | 624 | 1,010 | 1,680 | 2,466 | 3,419 |
Cash Flows
Figures in Rs. Crores
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|
| -32 | 207 | -20 | 57 | ||||
| -69 | -64 | -97 | -104 | ||||
| 70 | 352 | 184 | 279 | ||||
| Net Cash Flow | -31 | 495 | 68 | 232 |
Ratios
Figures in Rs. Crores
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|
| ROE % | -32% | -22% | 15% | 14% | 13% | 14% |
Documents
Announcements
- Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot 18 Feb
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Shareholder Meeting / Postal Ballot-Scrutinizer"s Report
18 Feb - Voting results for remuneration and stock option policy approved.
- Announcement under Regulation 30 (LODR)-Earnings Call Transcript 3 Feb
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
30 Jan - Audio recording of earnings call available on website.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
30 Jan - Newspaper Publication of the financial results for the quarter ended December 31, 2024
Annual reports
Concalls
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Feb 2025Transcript PPT
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Oct 2024Transcript PPT
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May 2024Transcript PPT
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Feb 2024Transcript PPT
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Feb 2023Transcript PPT
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Nov 2022Transcript PPT
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Aug 2022Transcript PPT
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Jul 2022TranscriptNotesPPT
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Jul 2022TranscriptNotesPPT
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May 2022Transcript PPT
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Feb 2022Transcript PPT
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Nov 2021Transcript PPT
Representative of Banks
The co. acts as a Business Correspondence (Bcs) of several Banks It had approximately 17,430 active BCs across India in FY21. BCs are generally retail agents engaged by it to provide banking products and services on behalf of other banks and at locations other than traditional branches. BCs are authorized to perform a variety of activities including collection of domestic and international remittances, CASA account opening functions, payments made via AePS, bill payments, and mobile recharge, among others. [1]