Fino Paytech Ltd
Holding company of a listed payments bank, with technology and business-correspondent operations.
Market cap
₹817.8 Cr
8.70 Cr shares
P/E ratio
5.34
Sector average 26
Book value
₹112.53
P/B 0.84
1-year return
-67.31%
52w ₹94 – ₹402
Currently 0% of the way through its 52-week range.
Indicative price history
1Y change
-67.23% ₹287 → ₹94
52-week band in this window: ₹94.00 – ₹392.14. Weekly indicative marks, not exchange-traded prices.
Key highlights
- Holding company of a listed payments bank, trading at a discount to the look-through stake value.
- Business correspondent network of over 15 lakh merchant points.
- Long track record in financial inclusion distribution.
About Fino Paytech
Fino Paytech is the holding company for a listed payments bank and also runs technology, business correspondent and financial inclusion services of its own.
The group operates a large merchant network delivering cash deposits, withdrawals, remittances and account opening in semi-urban and rural India.
A meaningful part of the holding company's value is the stake it holds in the listed payments bank subsidiary.
Where the revenue comes from
- Payments bank stake46%
Consolidated contribution from the listed subsidiary
- Business correspondent services31%
Merchant-led banking services
- Technology & processing15%
Platform and processing fees
- Other financial services8%
Distribution of third-party products
Products & services
Payments bank stake
Controlling stake in the listed Fino Payments Bank.
Business correspondent services
Cash-in, cash-out, remittances and account opening through merchants.
Technology & processing
Switching and processing for partner banks.
What works
- • Holding-company structure offers exposure to a listed subsidiary at a discount to its market value.
- • Asset-light merchant network with low incremental cost per outlet.
- • Long operating history in financial inclusion distribution.
What to watch
- • Holding-company discounts can persist or widen for years.
- • Payments bank economics are thin and depend on transaction volumes.
- • Competition from UPI-first players compresses fee income per transaction.
Compare with peers
| Company | Price | Market cap | P/E | P/B | Rev CAGR |
|---|---|---|---|---|---|
| Fino PaytechThis page | ₹94.00 | ₹817.8 Cr | 5.34 | 0.84 | +14.19% |
| Orbis Financial | ₹338.00 | ₹4,597 Cr | 20.61 | 4.62 | +28.12% |
| Hero FinCorp | ₹980.00 | ₹12,642 Cr | 9.52 | 1.35 | +15.82% |
Latest reported year: FY26 ending 31 Mar 2026.