FINO Paytech Ltd
Next 500 2024
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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
Website: finopaytech.com
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
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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) | 86 | 55 | 31 | 41 | 2 | 5 | 4 | 10 | 12 | 13 | 11 | 12 | 8 | 7 | 6 | 1 |
| Cash & Bank Balance (INR Cr) | 986 | 855 | 1502 | 287 | 11 | 12 | 8 | 38 | 23 | 11 | 13 | 30 | 75 | 8 | 11 | 20 |
| Total Debt (INR Cr) | 774 | 490 | 330 | 342 | 5 | 23 | 44 | 48 | 111 | 97 | 60 | 84 | 58 | 54 | 34 | 22 |
Key Financial Ratios
Profit As % Of RevenuesRONW %Interest Cost to EBITDA %ROCE %Debt to Equity Ratio
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 1.42 | 1.03 | 0.30 | 2.34 | 0.01 | 0.04 | 0.07 | 0.07 | 0.45 | 0.40 | 0.26 | 0.36 | 0.26 | 0.71 | 0.48 | 0.55 |
| 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% |