Company File · BSE 544606 · Latest filing Q1 FY27
Standalone = this company only. Consolidated = including its subsidiaries.
Pine Labs Limited
Data as of 19 Oct 2026 close · BSE · Latest results Q1 FY27
ISIN INE15B701018 · PINELABS · Financial Services › Financial Technology (Fintech)
About the business
What does Pine Labs do? It is a fintech company that gives merchants card machines & digital payment tools. What is a POS terminal? The card machine at a shop's billing counter. It also offers EMI & pay-later options at checkout, & its issuing arm powers prepaid & gift cards for businesses. It operates in India, other parts of Asia & the Middle East, & listed in November 2025.
Price & valuation · BSE close, 19 Oct 2026
Below its usual level
- Sales growth
- +25.2%
- Op. margin
- 14.1%
- P/E
- 112.2×
- Usual P/E
- 114.8×
- Price/book
- 2.98×
- Debt/equity
- 0.04×
- Promoter
- 0.00%
The latest earnings call · Apr to Jun 2026 · transcript filed 3 Aug 2026
The transcript is ready to read; its call notes appear here once they are written.
Is it expensive, and is it a good business?
Key ratios
In short Priced below its own usual level (P/E 112.2× vs 114.8×) and has modest borrowings (debt to equity 0.04×).
What you pay Valuation
Buyers pay about ₹112 for every ₹1 the company earned per share over the last year. Below its 1-year median of 114.8×.
Latest BSE close ÷ last four quarters' basic EPS. Uses earnings per share from continuing operations, so a one-off gain from selling a business does not flatter it. As of 19th October 2026.
The share price is 3.0 times the accounting value of each share. Below its 1-year median of 4.4×.
Latest BSE close ÷ book value per share (equity ÷ shares) on the latest balance-sheet date. As of 19th October 2026.
The market values the company at 9.3 times its yearly sales.
Market value ÷ last 12 months' revenue. As of 19th October 2026.
The whole business (shares plus debt, minus cash) is valued at about 35.9 years of its operating profit.
Enterprise value ÷ last 12 months' EBITDA. As of 19th October 2026.
Needs EPS from a year earlier; our results do not go back far enough yet.
P/E ÷ 12-month EPS growth in % (the last four quarters vs the four before; when those are not all held, the latest financial year vs the year before). Growth above 100% counts as 100%; left blank when EPS fell or was below ₹1 a share a year earlier. Without one-off items when either year has large ones, as for the P/E. As of 19th October 2026.
The company paid no dividend in the last 12 months.
Dividends per share with an ex-date in the last 12 months (restated for any split or bonus since) ÷ the latest BSE close. As of 19th October 2026.
How well it uses money Returns & strength
Needs four consecutive quarters.
Uses closing capital because the balance sheet from a year earlier is not available yet.
Last 12 months' profit before interest & tax ÷ average (equity + borrowings). As of 31st March 2026.
Needs four consecutive quarters.
Last 12 months' profit after tax (continuing operations where reported) ÷ average equity. As of 31st March 2026.
Needs reported tax expense that reconciles with profit; not yet available for these periods.
Last 12 months' operating profit after tax (profit before interest & tax × (1 − effective tax rate)) ÷ average invested capital (equity + borrowings − cash & bank balances). As of 31st March 2026.
Every ₹1 of assets generated about ₹0.14 of sales in a year.
Last 12 months' revenue ÷ average total assets. As of 31st March 2026.
Operating profit covered interest costs about 5 times.
Last 12 months' profit before interest & tax ÷ finance costs. As of 30th June 2026.
For every ₹1 of shareholders' money, it has borrowed ₹0.04.
Borrowings ÷ shareholders' equity on the latest balance-sheet date. As of 31st March 2026.
Who owns it Ownership & more
The company has no promoter group: it is widely held, by institutions & the public.
Promoter & promoter group shareholding from the latest shareholding pattern filed with BSE. As of 30th September 2026.
Promoter holding did not change over the last quarter.
Latest quarter's promoter holding minus the previous quarter's. As of 30th September 2026.
No promoter group, so no promoter shares to pledge.
Promoter group shares pledged ÷ all the promoter group's shares, from the shareholding pattern filed with BSE each quarter (other encumbrances, such as non-disposal undertakings, are not counted). As of 30th September 2026.
After paying for new plant & equipment, operations left ₹312 crore of cash.
Cash from operations − spending on plant & equipment, latest full year. As of 31st March 2026.
Each share has a face (nominal) value of ₹1. It matters for dividends quoted as a percentage, not for valuation.
Face value per share as BSE lists it today.
About 115.47 crore shares were in issue.
BSE's count of listed shares (BSE's market cap ÷ its price), so splits, bonuses & new shares since the latest results are included. As of 19th October 2026.
Your ratios
Ratios you added. Your choices are remembered on this device.
The stock market values the company at about ₹18,921 crore.
Latest BSE close × BSE's count of listed shares. As of 19th October 2026.
Buying the whole business, including its debt and keeping its cash, would cost about ₹11,100 crore.
Market value + borrowings − cash & bank balances. As of 19th October 2026.
The company reported ₹165 crore of profit over the last four quarters.
Sum of the last four quarters' reported profit after tax. As of 30th June 2026.
Each share earned about ₹1.46 over the last year.
Sum of the last four quarters' basic EPS. Uses earnings per share from continuing operations, so a one-off gain from selling a business does not flatter it. As of 30th June 2026.
Each share is backed by about ₹55 of net assets on the books.
Shareholders' equity ÷ shares. As of 31st March 2026.
About ₹15.2 of every ₹100 of sales was left after running costs.
EBITDA ÷ revenue over the last four quarters. As of 30th June 2026.
About ₹8.2 of every ₹100 of sales became profit last quarter.
Profit after tax ÷ revenue for the latest quarter. As of 30th June 2026.
Sales were 25.2% higher than a year earlier.
Latest quarter's revenue vs the same quarter last year. As of 30th June 2026.
Needs the same quarter from last year with a positive profit.
Latest quarter's profit after tax vs the same quarter last year (continuing operations when a one-off discontinued item exists). As of 30th June 2026.
Short-term assets cover short-term bills 1.49 times.
Current assets ÷ current liabilities. As of 31st March 2026.
Customers take about 156 days to pay.
Trade receivables ÷ last 12 months' revenue × 365. As of 31st March 2026.
Stock on hand equals about 4 days of sales.
Inventories ÷ last 12 months' revenue × 365. As of 31st March 2026.
80.1% of pre-tax profit came from other income (interest, dividends, gains).
Other income ÷ profit before tax, last 12 months. As of 30th June 2026.
Each ₹1 of profit brought in ₹3.27 of operating cash.
Latest full year's cash from operations ÷ profit after tax. As of 31st March 2026.
Cash exceeds borrowings by ₹7,820 crore.
Cash & bank balances − borrowings. As of 31st March 2026.
The company paid about 24.9% of its pre-tax profit as tax.
Tax expense ÷ profit before tax (continuing operations), last 12 months. As of 30th June 2026.
Needs four consecutive quarters.
Last 12 months' profit ÷ average total assets. As of 31st March 2026.
Operating profit before interest, depreciation & tax was ₹309 crore.
Revenue − expenses + finance costs + depreciation, last four quarters. As of 30th June 2026.
Needs five financial years of cash flows.
Sum over five financial years of (cash from operations − capital expenditure).
The company spent ₹178 crore on plant & equipment.
Purchase of property, plant & equipment, latest full year. As of 31st March 2026.
Borrowings stood at ₹251 crore.
Current + non-current borrowings. As of 31st March 2026.
Foreign institutions own 13.18%.
Foreign institutional holding from the latest shareholding pattern. As of 30th September 2026.
Domestic institutions own 29.58%.
Domestic institutional holding (mutual funds, insurers, banks, pension funds). As of 30th September 2026.
The highest price in the last year was ₹283.7.
Highest intraday BSE price in the last 12 months (raw, not adjusted). As of 14th November 2025.
The lowest price in the last year was ₹134.75.
Lowest intraday BSE price in the last 12 months (raw, not adjusted). As of 27th May 2026.
The share price moved -34.8% over the last year.
Close today ÷ close a year ago − 1 (raw prices, dividends not included). As of 19th October 2026.
About 0% of the last year's earnings per share was paid out as dividends.
Dividends per share with an ex-date in the last 12 months ÷ the last four quarters' EPS. As of 30th June 2026.
Needs four financial years of results (three years of growth).
Compound annual growth in revenue over three financial years.
Needs four financial years of results (three years of growth).
Compound annual growth in profit after tax over three financial years.
Tap the i beside any ratio for a plain explanation.
How these are worked out
Price-based ratios use the latest BSE close (19th October 2026). Share count 115.47 crore, from paid-up capital in the 19th October 2026 filing. Figures are standalone.
What you pay: Higher numbers mean you pay more for each rupee the company earns or owns.
How well it uses money: Higher returns mean each rupee in the business earns more. Lower debt means less strain.
Who owns it: A steady promoter stake with nothing pledged is a calm sign.
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Last 4 quarters ₹ crore · Standalone
| ₹ crore | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|
| Revenue from operations | 435.0 | 548.4 | 515.4 | 535.0 |
| EBITDA | 40.8 | 103.7 | 89.3 | 75.4 |
| Operating margin | 9.4% | 18.9% | 17.3% | 14.1% |
| One-off items | – | −10.8 | +8.5 | – |
| Profit after tax | -2.2 | 56.6 | 67.3 | 43.7 |
| Profit after tax without one-offs | -2.2 | 64.7 | 60.9 | 43.7 |
| Basic EPS (₹) | -0.02 | 0.51 | 0.59 | 0.38 |
One-off items: exceptional items reported separately in the filing. Profit without one-offs takes them out after tax at 25%.
Latest filings BSE
Corporate announcements 13
- 29 Sep 2026Press Release / Media Release
- 24 Sep 2026Press Release / Media Release
- 24 Sep 2026Press Release / Media Release
Quarterly results 1
Conference calls 2
- 19 Oct 2026Analyst / Investor Meet - Intimation
- 3 Aug 2026Earnings Call TranscriptOpens the call notes & transcript
Investor presentations 0
None in the filings we hold.
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