Pine Labs logo

Pine Labs share price

NSE: PINELABSBSE: 544606Financial Technology (Fintech)Small Cap

Last close ₹154.57down ₹7.01 (4.34%)BSE ₹154.55

Share price at the NSE close on 23 Oct 2026. Previous close ₹161.58.

Range of traded prices from listing on 14 Nov 2025 to 23 Oct 2026
₹134.73Low, 27 May 2026₹284.00High, 14 Nov 2025
Market cap
₹17,849 Cr332nd largest listed
P/E
140.2
P/B
3.0
Dividend yield
Nonesince listing in Nov 2025
ROE
2.2%
ROCE
2.1%
Debt to equity
0.05
Volume, NSE
1,01,17,52133.0% delivered

Share price

Daily closes since Nov 2025, adjusted for splits and bonuses

−38.4%since 14 Nov 2025

20-session average 1,79,84,455 shares a day, 30.6% delivered
Issue price
₹221.00Listed 14 Nov 2025
Listing day open
₹242.00+9.5% on the issue price
Listing day close
₹250.89+13.5% on the issue price
Since the issue
−30.1%

Results

Consolidated; ₹ crore, the charts by years to March, the table by quarter.Quarterly results

Quarter to Jun 2026, against the quarter beforeFiled 28 Jul

Revenue
₹737 Crup 5.20%
Net profit
₹20 Crdown 67.03%
Net margin
2.7%

Revenue by year

Net profit by year, a loss in red

₹ croreJun 2025Filed 3 DecSep 2025Filed 3 DecDec 2025Filed 28 JanMar 2026Filed 25 MayJun 2026Filed 28 Jul
Revenue616650744701737
Net profit56425920
Net margin0.8%0.9%5.7%8.5%2.7%
Consolidated. The 5 quarters from Jun 2025, the first on record. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.

Business segments

Share of revenue, year to Mar 2026, consolidated.Segment revenue and profit

  • Digital infrastructure and transaction platform₹1,837 Cr67.8%
  • Issuing and acquiring platform₹874 Cr32.2%

Valuation

Today, against the company's own history. Dividend yield is not shown: no dividend in the years on record.PE ratio and valuation history

Price to book

At or below today's level on 19% of 219 trading days since Dec 2025.

LowestHighest
Its median4.7Industry median3.3

Who owns it

Per cent of the company's shares, from the filing for Sep 2026. The company has no promoter group.Shareholding pattern

Shareholding by group

  • Foreign institutions13.18%
  • Indian institutions29.58%
  • Individuals and others57.24%
Holder
PEAK XV PARTNERS PINE INVESTMENT HOLDINGSForeign companies16.72%
MACRITCHIE INVESTMENTS PTE LTDForeign companies5.77%
PAYPAL PTE. LTDForeign companies4.93%
BAIRAVARASU AMRISH RAUDirectors and their relatives2.29%
ACT EQUITY HOLDINGS PTE LTDForeign companies1.85%
ICICI PRUDENTIAL LIFE INSURANCE COMPANY LIMITEDInsurance companies1.53%
Holders are named in the company's own words: an insurer's holding can carry one of its funds' names. Mutual funds are left out here and listed fund by fund below.

Mutual funds holding it

113 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 48 of the 63 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future.Mutual fund holdings

Bought for the first time
14
Added
53
Cut
10
Held unchanged
36
Sold out
8
Fund
SBI Mutual Fund logoSBI Small Cap FundSBI Mutual Fund6,26,07,2502.62%₹1,075.5 Cr
Kotak Mahindra Mutual Fund logoKotak Multi Cap FundKotak Mahindra Mutual Fund2,53,35,6091.43%₹435.2 Cr
Franklin Templeton Mutual Fund logoFranklin India Small Cap FundFranklin Templeton Mutual Fund2,34,11,3242.82%₹402.2 Cr
Kotak Mahindra Mutual Fund logoKotak Large & Mid Cap FundKotak Mahindra Mutual Fund2,00,00,0001.12%₹343.6 Cr
Nippon India Mutual Fund logoNippon India Small Cap FundNippon India Mutual Fund1,62,37,1570.34%₹278.9 Cr
Franklin Templeton Mutual Fund logoFranklin India Flexi Cap FundFranklin Templeton Mutual Fund1,30,56,1381.23%₹224.3 Cr
Axis Mutual Fund logoAxis Small Cap FundAxis Mutual Fund1,21,05,0620.68%₹208.0 Cr
SBI Mutual Fund logoSBI Flexicap FundSBI Mutual Fund1,12,07,8290.87%₹192.5 Cr
Nippon India Mutual Fund logoNippon India Banking & Financial Services FundNippon India Mutual Fund77,00,0001.80%₹132.3 Cr
JM Financial Mutual Fund logoJM Flexi Cap FundJM Financial Mutual Fund70,45,0192.40%₹121.0 Cr
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.

Peers and competitors

Financial Technology (Fintech), 15 listed companies, priced on 23 Oct 2026. The table lists the 8 companies closest to Pine Labs in market cap.

Where the company sits among the companies nearest its size

Return on equity across, P/E up, size is market cap
Company
One 97 Communications logoOne 97 CommunicationsPAYTM1,03,690159.56.5143.5+22.6%+114.7%4.2%0.6%0.00%
PB Fintech logoPB FintechPOLICYBZR46,96962.86.475.2+38.0%+98.3%10.9%6.4%0.00%
MoneyviewMONEYVIEW9,130–––––––0.00%
Manipal Payment and Identity Solutions logoManipal Payment and Identity SolutionsMPIMANIPAL7,098–––––––0.00%
Seshaasai Technologies logoSeshaasai TechnologiesSTYL4,99018.93.511.8––18.5%23.4%0.81%
Network People Services Technologies logoNetwork People Services TechnologiesNPST3,43977.07.857.3––16.4%9.6%0.12%
One Mobikwik Systems logoOne Mobikwik SystemsMOBIKWIK1,674–3.1110.8+2.7%–−2.2%−0.6%0.00%
Turtlemint Fintech Solutions logoTurtlemint Fintech SolutionsTURTLEMINT1,666–5.5–––––0.00%
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.

Latest announcements

Routine notices left out.Share news and announcements

Pine Labs share price by year

Each calendar year to 2025.Pine Labs share price history

YearClose at year endChangeHighest closeLowest close
2025239.33–250.89223.90
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before. 2025 is from its first session, 14 Nov 2025.

Recent sessions

The last 10 trading days to 23 Oct 2026, as traded on NSE.

DateOpenHighLowCloseAverage priceVolumeDelivery
23 Oct 2026160.81160.81152.01154.57155.031,01,17,52133.0%
22 Oct 2026159.18162.00155.00161.58159.3383,15,88626.4%
21 Oct 2026164.50164.94157.25158.42160.2690,47,42241.4%
19 Oct 2026165.50165.89163.00163.79164.3643,77,11128.3%
16 Oct 2026168.49170.07164.56165.04166.9863,55,65531.8%
15 Oct 2026167.40171.50166.87168.12169.081,34,43,45631.1%
14 Oct 2026165.05168.17163.32167.73165.901,09,11,94428.6%
13 Oct 2026164.00171.19154.42165.34163.836,05,80,95613.0%
12 Oct 2026164.85166.37161.25163.02164.1082,93,57527.2%
9 Oct 2026170.71171.00161.62163.07165.522,02,33,69539.6%
Prices in ₹ per share as traded, not adjusted.

About Pine Labs

Pine Labs Limited provides commerce and fintech infrastructure to merchants, consumer brands and financial institutions. It started with payments acceptance and has added affordability, prepaid issuing, online payments, transaction processing and fintech infrastructure. It serves more than 11 lakh merchants, with over 20 lakh digital checkout points. It was incorporated in 1998.

The business has four areas. In-store and online infrastructure lets merchants accept payments in-store or online, and Pine Labs Online is its cloud-based payments platform for online-first and omnichannel merchants. Flow, affordability and transaction processing lets consumers convert a purchase into monthly instalments at checkout; the company does not take on any consumer credit risk. Its flow services include dynamic currency conversion, which lets merchants in hospitality and travel accept payments from international customers. Fintech infrastructure is an API-led platform for banks and fintech companies, including an Account Aggregator gateway. The issuing and acquiring platform has two businesses: Pine Labs Prepaid, which operates in three roles for brands and enterprises, and Credit+, an API-first platform for banks and fintech companies. Woohoo is its consumer-facing store.

Pine Labs Prepaid is live across India, Southeast Asia, the UAE and Australia, with early success in the United States. The company also has subsidiaries in Indonesia, Malaysia, Vietnam and Australia, among other countries.

Its shares are listed on BSE Limited and the National Stock Exchange of India Limited. Shopflo Technologies Private Limited became its subsidiary on 26 May 2026.

Legal name
Pine Labs Limited
NSE symbol
PINELABS
BSE code
544606
ISIN
INE15B701018
Industry
Financial Technology (Fintech)
Listed
Nov 2025
Face value
₹1
CIN
U67100HR1998PLC113312
Corporate identity number, the registrar of companies' code for it