PINE LABS LIMITED PINELABS NIFTY_SMALLNSETECH
Company Overview
Pine Labs Limited, a technology company, provides digital payments and issuing solutions for merchants, consumer brands and enterprises, and financial institutions in India, Malaysia, the United Arab Emirates, Singapore, Australia, the United States, and Africa. It operates through Digital Infrastructure and Transaction Platform, and Issuing and Acquiring Platform segments. The Digital Infrastructure and Transaction Platform segment provides technology platforms under the brand name of Pinelabs, Mosambee, Benow, Setu, Qfix, and Fave to merchants that enables acceptance of instore or online digital payments. These technology platforms and infrastructure allow merchants to accept debit cards, credit cards, prepaid instruments wallets, QR codes, unified payment interface, loyalty points, pay later, online fee collection, etc., as well as provide application programming interface modules to customers for building financial products that facilitates bill payments, credit, and savings to enable purchases made by consumers. It also engages in selling digital checkout points devices. The Issuing and Acquiring Platform segment provides a technology platform to issue, process, and distribute prepaid cards primarily in India and South East Asia. It also monetizes primarily by charging a processing fee from merchants who are utilizing the technology platform and in the case of distribution. The company was incorporated in 1998 and is based in Gurugram, India.
Why Investors Should Care
Net profit has compounded at 47.5% per year over the last five years.
Revenue has grown at a 26.0% CAGR over the past five years.
Carries low leverage with a debt-to-equity ratio of 0.07.
Generates positive free cash flow, funding growth and shareholder returns internally.
Recent Developments
- Mar 2026 Revenue of ₹2,710.59 Cr (+19.2% YoY); net profit ₹112.51 Cr.
- Trailing 12 Months Year-on-year growth — revenue +19.2%, earnings +264.4%.
- 5-Year Trend Long-term compounding — revenue CAGR 26.0%, profit CAGR 47.5%.
Growth & Price Performance
Compounded Sales Growth
| 5 Years: | 26.04% |
| 1 Year: | 19.19% |
Compounded Profit Growth
| 5 Years: | 47.48% |
| 1 Year: | 264.40% |
Stock Price Performance
| 1 Year: | -33.69% |
| 6 Months: | -5.75% |
| 3 Months: | +9.20% |
| 1 Month: | +6.62% |
Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.
- Price vs 50-DMAAbove
- Price vs 200-DMABelow
- RSI (14)56.28 · Neutral
P/E of 163.11 is above the sector median of 27.95 — pricier than peers.
Auto-generated from price history and fundamentals; not investment advice.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth Charts
No fundamental data available for this stock.
Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.
PROS
- Compounding revenue at 26.0% over 5 years.
- Profit CAGR of 47.5% over 5 years.
- Generates positive free cash flow.
CONS
- Trading at a high P/E of 163.1.
- Trading 33.7% below its 52-week high.
- In a downtrend (50-DMA below 200-DMA).
* The pros and cons are auto-generated from financial metrics.
Valuation
Growth (CAGR)
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Peer comparison
Peer companies in the same sector (Technology).
| # | Name | CMP ₹ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | PINELABS PINE LABS LIMITED NIFTY_SMALLNSETECH | 166.37 | 163.11 | ₹19,103.87 Cr | 0.00% | 3.62% | 1.91% | 26.04% | 47.48% |
| 2 | TCS Tata Consultancy Services Limited NIFTY50NSEAITECH | 2,304.00 | 16.94 | ₹8.34 L Cr | 2.74% | 54.93% | 45.89% | 5.80% | 5.30% |
| 3 | INFY Infosys Limited NIFTY50NSEAITECH | 1,130.00 | 1,412.50 | ₹4.58 L Cr | 4.29% | 41.66% | 33.85% | 3.44% | 3.58% |
| 4 | HCLTECH HCL Technologies Limited NIFTY50NSEAITECH | 1,293.40 | 21.08 | ₹3.51 L Cr | 4.49% | 27.21% | 22.14% | 8.65% | 3.87% |
| 5 | WIPRO Wipro Limited NIFTY50NSEAITECH | 176.40 | 14.04 | ₹1.85 L Cr | 4.30% | 17.85% | 14.91% | 0.78% | 5.16% |
| 6 | TECHM Tech Mahindra Limited NIFTY50NSEAITECH | 1,596.90 | 29.47 | ₹1.56 L Cr | 3.12% | 19.82% | 16.24% | 2.16% | -0.14% |
| 7 | LTM LTM Limited NSETECH | 4,554.00 | 26.93 | ₹1.35 L Cr | 1.66% | 25.39% | 20.89% | 8.43% | 4.41% |
| 8 | LGEINDIA LG ELECTRONICS INDIA LTD NIFTY_MIDNSETECH | 1,640.70 | 66.08 | ₹1.11 L Cr | 0.00% | 27.64% | 21.98% | 1.25% | - |
| 9 | PAYTM One97 Communications Limited NIFTY_MIDNSEAITECH | 1,659.50 | 194.09 | ₹1.06 L Cr | 0.00% | 3.68% | 3.45% | 2.20% | 43.71% |
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios
Quarterly Results
Figures in INR.
| Metric | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 552.00 Cr | - | 598.64 Cr | 615.91 Cr | 650.00 Cr | 744.27 Cr | 700.51 Cr | 736.92 Cr |
| Cost of Revenue | - | - | 153.78 Cr | 136.13 Cr | - | 193.68 Cr | 187.13 Cr | 204.30 Cr |
| Gross Profit | - | - | 444.86 Cr | 479.78 Cr | - | 550.59 Cr | 513.38 Cr | 532.62 Cr |
| Operating Expenses | 519.00 Cr | - | 440.08 Cr | 486.34 Cr | 575.00 Cr | 476.57 Cr | 461.54 Cr | 499.54 Cr |
| Operating Income | -43.00 Cr | - | 4.78 Cr | -6.56 Cr | 9.00 Cr | 74.02 Cr | 51.84 Cr | 33.08 Cr |
| EBITDA | 32.00 Cr | - | 68.51 Cr | 81.82 Cr | 75.00 Cr | 155.17 Cr | 156.25 Cr | 123.84 Cr |
| Interest Expense | 18.00 Cr | - | 21.52 Cr | 21.42 Cr | 21.00 Cr | 24.49 Cr | 16.95 Cr | 12.81 Cr |
| Pretax Income | -38.00 Cr | - | -22.21 Cr | -4.84 Cr | 11.00 Cr | 62.55 Cr | 68.41 Cr | 37.73 Cr |
| Tax Provision | 6.08 Cr | - | 6.70 Cr | -9.63 Cr | 5.17 Cr | 20.16 Cr | 9.05 Cr | 18.16 Cr |
| Net Income | -32.00 Cr | - | -28.91 Cr | 4.79 Cr | 6.00 Cr | 42.39 Cr | 59.36 Cr | 19.57 Cr |
| Diluted EPS | -0.38 | - | -0.25 | 0.04 | 0.13 | 0.38 | 0.51 | 0.17 |
Profit & Loss (Annual)
Figures in INR.
| Metric | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Revenue | 848.00 Cr | 670.00 Cr | 932.00 Cr | 1,353.71 Cr | 1,433.12 Cr | 2,274.27 Cr | 2,710.59 Cr |
| Cost of Revenue | - | - | - | 316.62 Cr | 384.16 Cr | 545.39 Cr | 669.41 Cr |
| Gross Profit | - | - | - | 1,037.09 Cr | 1,048.96 Cr | 1,728.88 Cr | 2,041.18 Cr |
| Operating Expenses | 760.00 Cr | 560.00 Cr | 820.00 Cr | 1,547.50 Cr | 1,662.99 Cr | 1,763.73 Cr | 1,901.66 Cr |
| Operating Income | -68.00 Cr | -65.00 Cr | -77.00 Cr | -510.41 Cr | -614.03 Cr | -34.85 Cr | 139.52 Cr |
| EBITDA | 87.00 Cr | 110.00 Cr | 112.00 Cr | 60.34 Cr | 28.64 Cr | 234.66 Cr | 491.54 Cr |
| Interest Expense | 18.00 Cr | 22.00 Cr | 24.00 Cr | 34.77 Cr | 63.43 Cr | 78.96 Cr | 84.13 Cr |
| Pretax Income | -68.00 Cr | -74.00 Cr | -75.00 Cr | -289.46 Cr | -397.57 Cr | -136.39 Cr | 137.28 Cr |
| Tax Provision | 20.40 Cr | 18.50 Cr | 52.50 Cr | -24.32 Cr | -55.66 Cr | 9.10 Cr | 24.77 Cr |
| Net Income | -47.00 Cr | -56.00 Cr | -23.00 Cr | -265.14 Cr | -341.90 Cr | -145.49 Cr | 112.51 Cr |
| Diluted EPS | -3.95 | -4.34 | -1.67 | -2.31 | -2.98 | -1.27 | 1.02 |
Balance Sheet (Annual)
Figures in INR.
| Metric | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Total Assets | 3,448.00 Cr | 4,567.00 Cr | 6,260.00 Cr | 9,363.21 Cr | 9,648.56 Cr | 10,715.74 Cr | 13,296.96 Cr |
| Current Assets | - | - | - | 6,634.35 Cr | 7,099.63 Cr | 8,241.14 Cr | 10,884.33 Cr |
| Cash & Equivalents | - | - | - | 1,026.26 Cr | 882.09 Cr | 951.46 Cr | 1,393.08 Cr |
| Inventory | - | - | - | 39.87 Cr | 28.00 Cr | 30.10 Cr | 31.85 Cr |
| Receivables | - | - | - | 589.37 Cr | 652.02 Cr | 844.92 Cr | 1,042.11 Cr |
| Total Liabilities | - | - | - | 5,624.22 Cr | 6,106.63 Cr | 7,209.59 Cr | 7,401.55 Cr |
| Current Liabilities | - | - | - | 5,073.90 Cr | 5,775.13 Cr | 6,953.85 Cr | 7,184.12 Cr |
| Long Term Debt | - | - | - | 154.01 Cr | 113.59 Cr | 47.18 Cr | 58.00 L |
| Total Debt | 176.00 Cr | 191.00 Cr | 236.00 Cr | 438.18 Cr | 654.16 Cr | 970.40 Cr | 440.65 Cr |
| Total Equity | 1,047.00 Cr | 1,191.00 Cr | 1,914.00 Cr | 3,738.98 Cr | 3,541.93 Cr | 3,506.15 Cr | 5,895.41 Cr |
| Shares Outstanding | - | - | - | 114.83 Cr | 114.83 Cr | 114.83 Cr | 114.83 Cr |
Cash Flows (Annual)
Figures in INR.
| Metric | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 11.00 Cr | 111.00 Cr | -79.00 Cr | -152.36 Cr | -229.00 Cr | 49.72 Cr | 395.39 Cr |
| Investing Cash Flow | 112.00 Cr | -260.00 Cr | -443.00 Cr | -370.84 Cr | 45.04 Cr | -159.15 Cr | -1,338.87 Cr |
| Financing Cash Flow | 1,431.00 Cr | 823.00 Cr | 1,644.00 Cr | 2.34 Cr | -219.51 Cr | -201.09 Cr | 1,972.17 Cr |
| Capital Expenditure | -167.00 Cr | -165.00 Cr | -328.00 Cr | -366.68 Cr | -266.39 Cr | -150.24 Cr | -238.38 Cr |
| Free Cash Flow | -156.00 Cr | -54.00 Cr | -407.00 Cr | -519.04 Cr | -495.40 Cr | -100.52 Cr | 157.01 Cr |
| Net Change in Cash | 1,554.00 Cr | 674.00 Cr | 1,122.00 Cr | -520.86 Cr | -403.47 Cr | -310.52 Cr | 1,028.69 Cr |
Ratios (Annual)
Figures in %.
| Metric | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Gross Margin % | - | - | - | 76.6% | 73.2% | 76.0% | 75.3% |
| Operating Margin % | -8.0% | -9.7% | -8.3% | -37.7% | -42.8% | -1.5% | 5.1% |
| Net Margin % | -5.5% | -8.4% | -2.5% | -19.6% | -23.9% | -6.4% | 4.2% |
| ROE % | -4.5% | -4.7% | -1.2% | -7.1% | -9.7% | -4.1% | 1.9% |
| ROCE % | - | - | - | -11.9% | -15.9% | -0.9% | 2.3% |
Shareholding Pattern
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
Recent headlines for PINELABS
Alpha Wave Ventures offloads Rs 550-crore worth Pine Labs shares; ICICI Pru Life, Morgan Stanley among buyers - TradingView
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Earnings call transcript: Pine Labs posts solid Q1 2027 growth, shares edge up - Investing.com
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Pine Labs shares worth ₹550 crore change hands in pre-open block window - CNBC TV18
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Pine Labs reports $194B GTV and 68% UPI growth in FY26 - scanx.trade
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Pine Labs Block Deals: Morgan Stanley, Goldman Sachs Among Nine Others Mop Up Shares Worth Rs 550 Crore - NDTV Profit
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Pine Labs - Indraprastha Gas among 5 stocks showing RSI Trending Up - The Economic Times
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PINELABS — Frequently Asked Questions
What is the current share price of PINE LABS LIMITED (PINELABS)?
As of 2026-09-08 04:53 IST, PINE LABS LIMITED (PINELABS) trades at ₹166.37 on NSE. Its 52-week range is ₹137.94 to ₹250.89.
What is the market capitalisation of PINELABS?
PINE LABS LIMITED (PINELABS) has a market capitalisation of ₹19,103.87 Cr on NSE.
What is the P/E ratio of PINELABS?
PINELABS trades at a trailing price-to-earnings (P/E) ratio of 163.11. The industry average P/E is 27.95. Its price-to-book (P/B) ratio is 2.99.
What is the return on equity (ROE) of PINELABS?
PINELABS has a return on equity (ROE) of 1.91%. Its return on capital employed (ROCE) is 3.62%.
Is PINELABS a good stock to buy?
This page provides a data-driven analysis of PINE LABS LIMITED (PINELABS), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.