FINO Paytech Ltd

FINO Paytech Ltd

Next 500 2024
OVERVIEW
FINANCIALS

About

Fino Payments Bank is a fintech-driven banking institution focused on providing accessible and affordable financial services to the underserved and unbanked segments of India. The bank offers savings accounts, digital banking solutions, remittance services, and microloans, ensuring financial inclusion through a robust network of banking correspondents and digital platforms. With a customer-centric approach, Fino leverages technology to facilitate seamless transactions, enabling cashless payments and doorstep banking services. Its extensive presence in rural and semi-urban areas positions it as a key player in bridging the gap between traditional banking and digital financial empowerment in India.

Incorporation Year: 2006
Headquarters: Mumbai, Maharashtra, India
Top Management: Rishi Gupta (MD & CEO)
Industry: BFSI

Featured In Fortune India Ranking

Next 500 India
#481(2024)
#481(2024)

Financial Data 2024

Revenue
1,488
(INR Cr)
Net Operating Income
1,339
(INR Cr)
Assets
1,512
(INR Cr)
Profit
59
(INR Cr)
Net Worth
544
(INR Cr)

Financial Data

RevenueNet Operating IncomeProfitAssetsNet Worth
PARAMETERS2024202320222021202020192018201720162015201420132012201120102009
Revenue
(INR Cr)
1488
15.5%
1288
21.8%
1058
23.7%
855
1364.4%
58
0.9%
58
43.3%
40
-77.3%
178
-6.2%
189
-12.2%
216
-30.9%
312
-0.7%
314
27.7%
246
30.2%
189
63.5%
116
95.5%
59
-
Net Operating Income
(INR Cr)
1339
16.52%
1149
14.85%
1001
19.93%
835
0.00%
62
21.01%
51
24.76%
41
-76.66%
177
-5.19%
186
-14.72%
219
-25.83%
295
0.72%
293
26.21%
232
23.38%
188
82.51%
103
125.17%
46
0.00%
Profit
(INR Cr)
59
74.6%
34
-
-53
-
-50
-
8
-
-9
-
-47
-
-8
-
1
-93.4%
10
446.5%
2
-83.2%
11
-30.9%
16
339.1%
4
-
-24
-
-17
-
Assets
(INR Cr)
1512
32.9%
1138
-28.4%
1590
203.5%
524
-13.3%
604
0.7%
600
-11.1%
675
-6.8%
724
82.1%
398
3.5%
384
13.4%
339
-6.2%
361
12.2%
322
111.4%
152
21.8%
125
82.6%
68
-
Net Worth
(INR Cr)
544
13.9%
478
-57.2%
1115
662.3%
146
0.0%
587
1.9%
576
-4.9%
606
-9.4%
669
174.4%
244
0.3%
243
3.9%
234
1.0%
232
5.0%
221
193.0%
75
6.8%
70
76.3%
40
0.0%
Employee Cost
(INR Cr)
184
8.0%
171
9.7%
156
6.8%
146
1486.4%
9
35.0%
7
-19.8%
8
-89.6%
82
36.6%
60
-21.9%
77
-29.1%
108
8.0%
100
30.7%
77
84.2%
42
48.7%
28
102.0%
14
-
Interest Cost
(INR Cr)
8655314125410121311128761
Cash & Bank Balance
(INR Cr)
98685515022871112838231113307581120
Total Debt
(INR Cr)
774490330342523444811197608458543422

Key Financial Ratios

Profit As % Of RevenuesRONW %Interest Cost to EBITDA %ROCE %Debt to Equity Ratio
PARAMETERS2024202320222021202020192018201720162015201420132012201120102009
Profit As % Of Revenues 4.0%2.6%--13.8%---0.4%4.6%0.6%3.5%6.4%1.9%--
Profit As % Of Assets 3.9%3.0%--1.3%---0.2%2.6%0.5%3.0%4.9%2.4%--
Profit As % Of Networth 10.9%7.1%--1.4%---0.3%4.1%0.8%4.7%7.1%4.8%--
Interest Cost to EBITDA % 121.8%213.7%-129.1%17.9%49.5%-194.9%45.1%28.1%28.0%28.2%21.9%32.4%--
Debt to Equity Ratio 1.421.030.302.340.010.040.070.070.450.400.260.360.260.710.480.55
RONW 8.8%5.0%--1.3%---0.3%3.8%0.7%3.5%8.1%3.0%--
ROCE 10.4%8.1%-2.1%0.0%1.6%0.0%0.0%0.0%3.5%5.0%1.0%5.4%8.4%6.0%0.0%0.0%