AnnouncementSep 2026
Sep 2026 · Announcement under Regulation 30 (LODR)-Change in Management 29 Sep - Paresh Gupta appointed Head–MSME and senior management, effective September 29, 2026.
Source: Bse
Fino Payments Bank Limited (FINOPB)
Small CapFinancial Services stocks · Small cap · NSE
Fino Payments Bank Limited operates in Small Finance Bank, within the Financial Services sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.
Data qualityFresh enough for analysisQuote updated 21 Oct, 03:31 pm ISTDetails
Quote21 Oct, 03:31 pm IST
Base fundamentals05 Oct 2026 · screener
Latest result13 Aug, 07:17 pm IST
Score22 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags03 May 2026
Coverage12/14 · 86%
Valuation2026-07-20 · Rf 6.8% · Financial Services P/E 17.0 (n=243)
Technical timing lens
Trend score and candlestick chart
33Bearishfull bear SMA stack · SMA20 -5.7% / mo · MACD + · near 52W low
Stock trend: 24
Sector RS: 47
Sector 3M: -5.8% vs Nifty 500 -5.9%
Financial Services FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
FINOPBD candles · FIT view-8.7%Latest close ₹125.65 on 2026-10-21
Bar
-4.4%
RSI
37
MACD hist
0.08
52W pos
7%
2026-10-21O ₹131.42H ₹131.47L ₹124.91C ₹125.65Vol 1.9L sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
FINOPBNifty Financial ServicesNifty 500
- FINOPB
- -27.3%
- Nifty 500
- -6.5%
- Nifty Financial Services
- -6.9%
- Vs Nifty 500
- -20.8 pp
Chart stats
21 Oct 2026- From 52W high
- -62.9%
- 52W range position
- 7%
- ATR (14)
- 4.3%
- Volume vs 20D
- 0.11x
- Avg traded value
- ₹23.5 Cr
- 20D price channel
- ₹124.9 - ₹151
₹339
₹110 - ₹339
₹5.4
Latest completed session
20-session average
53.7% annualized volatility
Research snapshot
What the evidence says now
Weak fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend argues for patience, and recent execution is weak.
Suggested next step
Verify management risk first
Do not let cheap valuation override weak Trust or governance evidence.
U-Score
Legacy · OVERVALUED18
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Bad10
Revenue +18.0% · PAT -177.8% YoY
Technical
Bearish33
Price trend and sector-relative-strength timing.
Valuation
Legacy model-96.3%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence42
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Bad · 10/100PAT -178% YoY · Rev +18% YoY · +13% QoQ
Filed 13 Aug 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹72 Cr | +18.0% | +12.5% |
| EBITDA | NDF | NDF | NDF |
| Operating margin | NDF | NDF | NDF |
| PAT | ₹-14 Cr | -177.8% | -300.0% |
| PAT margin | -19.4% | -4895 bps | -3038 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 43.60
- P/B
- 1.32
- EV/EBITDA
- —
- Market Cap
- 1067.00Cr
Profitability
- ROE
- 6.76%
- ROCE
- 4.41%
- ROA
- 0.40%
- Dividend Y
- —
Growth (CAGR)
- Revenue 5Y
- 65.00%
- EPS 5Y
- 20.00%
- Revenue 3Y
- 38.00%
- EPS 3Y
- -7.00%
Balance Sheet
- Debt/Equity
- 0.62
- Interest Coverage
- —
- Altman Z
- 1.02
- Book Value
- 96.80
Cash Flow
- FCF Yield
- —
- FCF Positive Y
- 1/5
- OCF
- -307.00 Cr
- EPS TTM
- 2.51
Shareholding
- Promoter Hold
- 75.00%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 8%
Financial History
Updated 22/10/2026
Revenue
₹ CrLatest: 20.0+300.0% vs prev
Net Profit
₹ CrLatest: 52.0-44.1% vs prev
Return on Equity
%Latest: 6.5-48.1% vs prev
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Bearish setupTrend is weak — long-term trend down. RSI 37.
- Price < SMA20 < SMA50 < SMA200 — full bearish stack.
- SMA20 falling (~6.1% over last month) — short-term momentum negative.
- RSI(14) at 37 — falling, no extreme reading.
- MACD above signal but histogram contracting — bullish momentum cooling.
- 62% off 52W high · 14% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
9
RS percentile
Stage 1 Base / Transition
1M return
-6.8%
3M return
-27.3%
6M return
-7.7%
1Y return
-58.1%
RS 1D
-1
RS 20D
-5
Sector rank
#10
Industry rank
#20
Stage evidence
- Price is 9.7% below the 30-week proxy without full trend alignment.
- The 30-week proxy changed -4.2% over 20 sessions.
- The moving-average structure does not confirm Stage 2 or Stage 4.
50-DMA
price below
200-DMA
price below
Sector
weakening
Industry
neutral
Relative-strength line vs Nifty 500 (base 100)
262 observations
21 Oct 2026Value 48.69-3.51%
RS vs Nifty 50049
Valuation & peers
U-Score 18 · legacy U-Score band OVERVALUED · valuation evidence and comparable companies
Valuation & peers
U-Score 18 · legacy U-Score band OVERVALUED · valuation evidence and comparable companies
Distress Watch
Fundamental score breakdown
U band · OVERVALUEDValuation1/30
Growth12/25
Quality0/20
Balance Sheet3/15
Cash Flow0/10
Piotroski
4/9 (+1)
Penalties
1
Raw sum
18
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
18/100 · legacy band OVERVALUED
Positive drivers
- Growth contributes 12/25 to the score.
- Balance sheet contributes 3/15 to the score.
- Valuation contributes 1/30 to the score.
Main drags
- Altman Z is 1.0, in distress territory.
- Fair-value margin of safety is negative at -96.3%.
- Quality is weaker at 0/20; verify the latest quarterly trend.
Sector valuation model
Bank valuation: P/B adjusted for ROE and asset quality
Banks are balance-sheet businesses, so book value quality matters more than simple earnings multiples.
Primary lens
Price/book and ROE/ROA, not trailing PE alone.
Secondary checks
Capital adequacy, credit cost, NPA trend, deposit franchise.
Main risk check
Low P/B can be a trap if asset quality or credit cost is worsening.
PE
43.6
PB
1.3
EV/EBITDA
—
ROE
6.8%
ROCE
4.4%
FCF Yield
—
Debt/Equity
0.6
MoS
-96.3%
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 22 Oct 2026
v4.3-runtime-valuation
Final score
18
Previous: 18
Legacy U-Score band
OVERVALUED
Previous: OVERVALUED
Margin of safety
-96.3%
Previous: -96.3%
Score history
12 stored score snapshots. Latest stored move: +0 points.
22 Oct 2026
v4.3-runtime-valuation
19
19
18
18
19
19
18
18
18
18
18
18
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹73.94
-69.9% MoS
Growth-justified P/E
25.5
Growth-justified Value
₹64.01
-96.3% MoS
PEG
2.18
Comparable companies
Peers
Business-comparable peers in Financial Services — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
CAPITALSFB
Small
Capital Small Finance Bank Limited
Banking
match 163
56
8.4
10.1%
+69%
FAIR VALUE
ESAFSFB
Small
ESAF Small Finance Bank Limited
Banking
match 157
17
—
-8.9%
—
OVERVALUED
BANDHANBNK
Small
Bandhan Bank Limited
Banking
match 150
21
19.5
4.9%
-422%
OVERVALUED
EQUITASBNK
Micro
Equitas Small Finance Bank Limited
Banking
match 144
18
15.6
1.7%
-617%
OVERVALUED
AUBANK
Mid
AU Small Finance Bank Limited
Banking
match 144
23
221.0
22.3%
-133%
OVERVALUED
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Issuer presentation review pending
Fino Payments Bank Limited operates in Small Finance Bank, within the Financial Services sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 30 Jun 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.
Trust Score
42Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 1st percentile of the scored universe and 1st percentile within Financial Services. Main check: cash conversion is weak at 28/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
89 docs text-extracted · 38 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
1st percentile
overall median 67 · Financial Services: 1st pctile, median 62 · Small: 2nd pctile, median 66
Evidence depth
Financial-only
89 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Do not rely on management narrative unless hard turnaround evidence is visible.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
86
strong · holding, pledge, alignment
Cash flow
28
weak · profit to cash conversion
Balance sheet
40
weak · leverage and solvency
Discipline
28
weak · capital discipline
Results
29
weak · quarterly consistency
Trust positives
- ▸Promoter holding is 75%.
- ▸Promoter pledge is zero.
- ▸4/4 latest quarters had positive YoY revenue growth.
Trust risks
- ▸Operating cash flow is negative at ₹-307 Cr.
- ▸Debt/equity is 5.08.
- ▸4 latest quarters had PAT decline worse than 25% YoY.
- ▸Only 1 years of positive FCF.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Fino Payments Bank Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
AnnouncementSep 2026
Sep 2026 · Announcement under Regulation 30 (LODR)-Newspaper Publication 8 Sep - Post-Dispatch Newspaper Publication for the 10th Annual General Meeting of the Bank scheduled to be held on Tuesday, September 29, 2026 is enclosed herewith.
Source: Bse
Annual report
Business Responsibility and Sustainability Reporting (BRSR) 7 Sep - Fino Payments Bank filed FY2025-26 BRSR with annual report, disclosing RBI penalty, CID lien, and SEBI settlement.
Source: Bse
Investor presentationAug 2026
Aug 2026 · PPT
Source: Bse
Concall transcriptAug 2026
Aug 2026 · Transcript
Source: Bse
AnnouncementJul 2026
Jul 2026 · Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 8 Jul - Fino Payments Bank to meet New Horizon Wealth Management on July 9, 2026, via virtual one-to-one meeting.
Source: Bse
AnnouncementJun 2026
Jun 2026 · Announcement under Regulation 30 (LODR)-Press Release / Media Release 13 Aug - Fino Payments Bank reported Q1 FY27 results; revenue fell 32%, CASA rose 22%, SFB transition progressed.
Source: Bse
AnnouncementJun 2026
Jun 2026 · Announcement under Regulation 30 (LODR)-Newspaper Publication 15 Aug - Newspaper Publication of Unaudited Financial Results for the quarter ended June 30, 2026
Source: Bse
AnnouncementJun 2026
Jun 2026 · Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 15 Jun - Fino Payments Bank to meet International Finance Corporation on June 17, 2026 in Mumbai.
Source: Bse
AnnouncementJun 2026
Jun 2026 · Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 11 Jun - Fino Payments Bank schedules one-on-one analyst meeting with Infinity Alternatives on June 12, 2026 in Mumbai.
Source: Bse
AnnouncementJun 2026
Jun 2026 · Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 17 Jun - Investor meet with Kotak Mahindra Asset Management Company Limited rescheduled from June 18, 2026 to June 25, 2026
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 26 Jun - Newspaper publication for dispatch of Postal ballot notice
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.