About The Company
- Fino Paytech is a company that develops banking technology software and hardware solutions.
- It provides technology solutions for institutions like banks, micro-finance institutions, government entities, and insurance companies.
- It is also the holding company for Fino Payments Bank and Fino Finance Pvt. Ltd.
Financial Highlights
- During FY23, the Company has earned a total income of Rs. 1,291 crore as compared to Rs. 1,051 crore in the previous year, recording a growth of 22.8%.
- Total expenses during the year were Rs. 1,229 crore as compared to Rs. 1,102 crore in the previous year, a growth of 11.5%.
- During the year the Company has earned a Profit before Tax of Rs. 62 crore as compared to the loss of Rs. 52 crore in the previous year.
- The profit after tax was Rs. 50 crore as compared to the loss of Rs. 53 crore in the previous year.
Valuation
Fino Paytech holds 75% stake in Fino Payments bank.
CMP of Fino Payments Bank (31st Jan, 2024) : INR 329/sh
No. of shares of Fino paytech in Fino payments bank : 6,24,11,997
Value of stake = INR 2050 crore
Total no. of shares of Fino Paytech: 10,46,20,402
Intrinsic Worth: INR 196/sh
Currently, Fino Paytech unlisted shares are trading in the unlisted market for INR 140/sh, which is almost at a discount of 30% in comparison to its intrinsic value of INR 196/sh