Fino Paytech Share Price - Financial, Valuations & News
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PHYSICAL

Fino Paytech Essentials

Fino Paytech Growth

Compounded Sales Growth

1 Year

4 Year

6 Year

Return On Equity

2018

2020

2023

Highlights

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  • Financials:- Over the past five years, the company has experienced a Compound Annual Growth Rate (CAGR) of 26.13% in revenue. In FY23, the revenue increased by 14.85% from ~Rs. 1000 Cr. to Rs. 1149 Cr. At first look, the company seems to register first-time profitability with Rs. 50.11 Cr. in profits. However, the same is due to one-off items and if we remove the same the company is still in losses. 
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  • Strong Assets side:- Over a period of five years, the company's assets grew at a CAGR of 17.08% to reach Rs. 2,620.12 Cr. However, in FY23, the growth of assets was just 2.58%.
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  • Low but Improving Profitability:- In FY23, the company's ROE improved to 5.3% from -7.4% in FY22, while the ROCE increased to -2.5% from -9.0%.
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  • Adequate Short-term Liquidity:- In FY23, the company had a current ratio of 1.44 and a quick ratio of 1.40. These ratios indicate sufficient liquid assets to meet short-term liabilities.
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  • Decreasing Debt Burden:- ​In the financial year 2023, Company's debt-to-equity ratio decreased to 0.43x from 0.47x in FY22. Furthermore, the interest coverage ratio showed an improvement, though it still remained negative at -0.47x from the previous year's negative ratio of -2.37x. (A negative interest coverage ratio indicates that the company's current revenue is insufficient to pay off its existing debt.)
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  • Prominent Investors:- The company is supported by strong institutions such as Blackstone GPV Capital Partners (Mauritius) VI-B FDI Limited, ICICI Prudential Life Insurance Company Limited, Bharat Petroleum Corporation Limited, ICICI Bank Limited, and ICICI Lombard General Insurance Company Limited. 
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  • Investment thesis:- When compared to its peer, the company earns twice the revenue but has only half the net profit margin, indicating low operational efficiency. On the valuation front, the company is trading at a P/E ratio of 50.2x, compared to its peers P/E ratio of 21.8x. Additionally, the company's P/B ratio is 1.4x, while its peers P/B ratio is 3.8x. Furthermore, the company's EV/EBITDA ratio is 45.5x, compared to the peer's 43.4x, making the company overvalued when compared to its peer. We recommend tracking the company's performance for a little longer.

Business Rating

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Managment
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Accounting Practice
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Profatibility
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Solvency
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Growth
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Valuation
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Over all Ratings
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Recommendation
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