Fino Payments Bank Limited (FINOPB) fair value: what the stock is really worth
As of Sep 25, 2026: fair value of Fino Payments Bank Limited ₹65.71, price ₹128, upside -48.8%, quality 46 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 27, 2026.
How to read this chart
58‑month range ₹112.46 – ₹543.90 · fair‑value band ₹65.71 – ₹68.58 · the ₹128.25 price screens above the ₹65.71 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 27, 2026.
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Fino Payments Bank Limited provides financial solutions and services in India. It operates in four segments: Treasury, Corporate Banking/Wholesale Banking, Retail Banking, and Other Banking Operations.
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Fino Payments Bank Limited provides financial solutions and services in India. It operates in four segments: Treasury, Corporate Banking/Wholesale Banking, Retail Banking, and Other Banking Operations. The company offers savings, current, and salary accounts; personal, home and property, gold, and referral loans; debit and prepaid cards; and life, health, general, motor, and shopkeeper insurance products, as well as fixed deposit and sweep account facility. It also provides open, internet, and BC banking, as well as mobile banking through the FinoPay app; merchant services; and unified payments interface, recharge, and bills payments. In addition, the company offers other banking operations, including business correspondent, digital payment, cash management, domestic money transfer, and micro ATM services, as well as Aadhaar enabled payment systems; and digital savings accounts. The company was formerly known as Fino Fintech Limited and changed its name to Fino Payments Bank Limited in April 2017. The company was founded in 2006 and is based in Navi Mumbai, India. Fino Payments Bank Limited is a subsidiary of FINO PayTech Limited.
Stock analysis
Fino Payments Bank Limited (FINOPB) currently trades at ₹128.25, while our model-based Fair Value estimate is ₹65.71, implying the stock looks roughly 95.2% overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of ₹81.95 per share, and 0 of the 4 models we run sit above the ₹128.25 price.
Bear case: the Asset-Based group reads lowest at ₹64.83, and 4 of the 4 models stay below the price. Evidence for this calculation is medium.
Scenario range: ₹65.71 (bear) to ₹68.58 (bull), the price of ₹128.25 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 46/100 (below-average quality), in the Financial Services sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Fino Payments Bank Limited reported revenue of ₹15.8B in FY2026 versus ₹3.9B in FY2022, a compound +41.5%/yr. Reported net income was ₹525M in FY2026, compounding +5.3%/yr from FY2022.
Key figures
Market cap ₹10.7B (≈ $111M) · P/E ratio 51.1 · P/S ratio 1.70 · EPS (TTM) ₹2.51 · Net margin 3.3% · Return on equity 6.8% · Return on assets (EBIT) 2.3% · Operating margin −5.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 37 out of 100 (medium confidence).
What moves the price
The share trades about 62% below its 52-week high and 14% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −38% fair-value upside, at −49%, FINOPB screens richer than that median.
Fair Value models
Bear ₹65.71Fair Value ₹65.71Bull ₹68.58
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2026 figures (about 6 months old). Earnings retained since then (₹1.24 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+102.9%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+47.3%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+36.9%
Start year 2021 (pandemic)
Revenue growth 8 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+26.8%
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What shareholders gained per year (last 5 years), in INR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Basis: EBIT basis. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+15.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year+15.2%
Dividend (yield on the price)0.0%
Profit margin 2021 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.6% → 4%
Compare Fino Payments Bank Limited with another stock
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Banks - Regional · 1043 stocks
Beats the industry median on 2/11 measures
Overall it trails its industry peers.
Valuation
Quality Score53 · Below median
Fair Value upside−48.8% · Bottom 25%
Profitability
Return on equity (TTM)6.8% · Below median
Return on assets1.1% · Above median
Net margin (TTM)1.6% · Bottom 25%
Operating margin (TTM)−5.1% · Bottom 25%
Growth and dividend
Revenue growth−36.1% · Bottom 25%
Valuation Multiplesvs Banks - Regional median · lower = cheaper
P/E (TTM)51.1× · Priciest 25%
P/B1.33× · Pricier than median
P/S (TTM)0.81× · Cheapest 25%
P/FCF12.2× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 11
FUTURE (revenue growth)0· sector 47
PAST (return on equity)27· sector 41
HEALTH (low debt)0· sector 85
DIVIDEND (yield)0· sector 52
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Fino Payments Bank Limited Fair Value". https://www.fairvalue-calculator.com/stock/FINOPB
Frequently asked questions
Is Fino Payments Bank Limited (FINOPB) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of ₹65.71 versus a price of ₹128.25, about −49% upside (overvalued).
What is the fair value of FINOPB?
Our model-based fair value for Fino Payments Bank Limited is ₹65.71 (as of Sep 27, 2026), built from audited fundamentals. The current price: ₹128.25.
What is the quality score of FINOPB?
Fino Payments Bank Limited has a Quality Score of 46/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Fino Payments Bank Limited (FINOPB)?
Our model-based price target is the fair value of ₹65.71 (as of Sep 27, 2026) from 4 valuation models. Cautious scenario ₹65.71, optimistic scenario ₹68.58. It is a calculation from audited fundamentals, not an analyst target.
What is the Fino Payments Bank Limited stock forecast for 2026?
Our models put fair value at ₹65.71, about −49% upside versus a price of ₹128.25 (overvalued). Cautious scenario ₹65.71, optimistic scenario ₹68.58. The calculation is refreshed regularly with new filings.
What is the revenue of Fino Payments Bank Limited (FINOPB)?
Fino Payments Bank Limited reported trailing-twelve-month revenue of about ₹13.2B (latest available figure, as of Sep 27, 2026).
What is the intrinsic value of Fino Payments Bank Limited (FINOPB)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Fino Payments Bank Limited it is ₹65.71 per share (as of Sep 27, 2026), against a price of ₹128.25. It is the blended result of 4 valuation models (cash flow, earnings, asset, dividend).
Is Fino Payments Bank Limited stock overvalued or undervalued in 2026?
As of Sep 27, 2026, FINOPB trades above its calculated fair value: price ₹128.25, fair value ₹65.71, a gap of about −49% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of FINOPB?
No. The price is what the market pays today (₹128.25); the fair value is what the company's own numbers justify (₹65.71). For Fino Payments Bank Limited the two are ₹62.54 per share apart. That gap is exactly why we show both numbers side by side.
How much is Fino Payments Bank Limited worth?
The market values Fino Payments Bank Limited at about ₹10.7B (market capitalisation, as of Sep 27, 2026). Per share that is ₹128.25; our models calculate a fair value of ₹65.71 per share.
What do the bullish and bearish scenarios say about FINOPB?
Our models span a range for Fino Payments Bank Limited: cautious scenario ₹65.71, base ₹65.71, optimistic ₹68.58 per share (as of Sep 27, 2026, price ₹128.25). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of FINOPB?
Fino Payments Bank Limited trades at a price-to-earnings ratio of 51.1 (as of Sep 27, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹65.71 is built from several models across several years. Other multiples: P/B 1.3, P/S 0.8.
How solid is the balance sheet of Fino Payments Bank Limited (FINOPB)?
Balance-sheet figures for Fino Payments Bank Limited (as of Sep 27, 2026): return on equity 6.8%. They feed the Quality Score of 46/100, which measures business quality independently of the share price.
How far is FINOPB from its 52-week high?
Fino Payments Bank Limited trades at ₹128.25, about 62% below its 52-week high of ₹336.00 and 14% above the low of ₹112.46 (as of Sep 25, 2026). Distance from the high says nothing about value: that is what the fair value of ₹65.71 is for.
Which stocks are comparable to Fino Payments Bank Limited?
From the same area (Financial Services) we also value DBS Group, China Merchants Bank Co, UniCredit S.p.A, Intesa Sanpaolo S.p.A, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Fino Payments Bank Limited stock attractive at the current price?
The data as of Sep 27, 2026: price ₹128.25, calculated fair value ₹65.71 (−49%), Quality Score 46/100, from 4 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of FINOPB calculated?
We run Fino Payments Bank Limited through 4 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹65.71, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.9 % above its aggregate fair value. Fino Payments Bank Limited itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Fino Payments Bank Limited (FINOPB)?
The closing price on Sep 25, 2026 was ₹128.25. Our model-based fair value is ₹65.71, about −49% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Fino Payments Bank Limited right now?
The price sits above even our optimistic bull case (₹68.58). The favourable scenario is already priced in. Solid but not exceptional quality (46/100) and above fair value, neither a clear bargain nor a standout compounder. The models converge in a tight band (₹65.71 to ₹68.58), unusually little disagreement for a valuation. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Key figures of Fino Payments Bank Limited
How large is the market capitalisation of Fino Payments Bank Limited (FINOPB)?
The market capitalisation of Fino Payments Bank Limited is ₹10.7B (≈ $111M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Fino Payments Bank Limited (FINOPB)?
The price-to-sales ratio of Fino Payments Bank Limited is 1.70 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Fino Payments Bank Limited (FINOPB)?
Earnings per share at Fino Payments Bank Limited are ₹2.51 (price ÷ EPS = P/E 51.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Fino Payments Bank Limited (FINOPB)?
The net margin of Fino Payments Bank Limited is 3.3% (fiscal year 2026). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Fino Payments Bank Limited (FINOPB)?
The return on equity (ROE) of Fino Payments Bank Limited is 6.8% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Fino Payments Bank Limited (FINOPB)?
On an EBIT basis the return on assets of Fino Payments Bank Limited is 2.3% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Fino Payments Bank Limited (FINOPB)?
The operating margin of Fino Payments Bank Limited is −5.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Fino Payments Bank Limited (FINOPB)?
Revenue at Fino Payments Bank Limited is growing −36.1% versus a year earlier (3y avg +47.3%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Fino Payments Bank Limited (FINOPB)?
Earnings per share at Fino Payments Bank Limited are growing −70.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Fino Payments Bank Limited (FINOPB) generate?
The free cash flow of Fino Payments Bank Limited is ₹9.1M (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Fino Payments Bank Limited (FINOPB) carry?
The net debt of Fino Payments Bank Limited is ₹1.8B (fiscal year 2026). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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