Fino Paytech Unlisted Shares
FINO PAYTECH LIMITED
FINO PAYTECH LIMITEDFino Paytech is one of the unique and better thought leader, innovator and implementer of technology solutions for institutions like banks, governments and insurance companies.
We provide a business platform and banking technology combined with extensive services delivery channel. As a fluctuate banking channel, we enable end-to-end customer sourcing and servicing.
- Fino Paytech Ltd Annual Report 2019-20
- Fino Paytech Ltd Annual Report 2018-19
- Fino Paytech Ltd Annual Report 2017-18
Shareholding Pattern:
( As of 31.03.2020)
| Sr.no | Name of the Shareholder | No. of Shares | % of Holding |
| 1 | Bharat Petroleum Corporation Limited | 28435423 | 28.89% |
| 2 | ICICI Prudential Life Insurance Company Limited | 11328854 | 11.51% |
| 3 | Blackstone GPV Capital Partners (Mauritius) | 7512207 | 7.63% |
| 4 | HAV 3 Holdings (Mauritius) Limited | 7456993 | 7.58% |
| 5 | International Finance Corporation | 6569567 | 6.68% |
| 6 | ICICI Bank Limited | 57,50,000 | 5.84% |
| 7 | ICICI Lombard General Insurance Company Limited | 5289194 | 5.37% |
| 8 | Intel Capital Corporation | 4433449 | 4.50% |
| 9 | Exide Life Insurance Company Limited | 2832213 | 2.83% |
| 10 | Life Insurance Corporation of India | 22,50,000 | 2.29% |
| 11 | Indian Bank | 22,50,000 | 2.29% |
| 12 | Union Bank | 22,50,000 | 2.29% |
| 13 | Corporation Bank | 22,50,000 | 2.29% |
Financials of Fino Paytech Limited Unlisted Shares:
Standalone Financials (Crores)
| Year | Revenue | Expense | PBT | PAT | Shares | EPS | NW | BV |
| 2018 | 43 | 99 | -56.1 | -46.89 | 12.77436 | -4.73 | 579 | 45 |
| 2019 | 53 | 49 | 3.8 | -9.22 | 12.81176 | -0.75 | 576 | 45 |
| 2020 | 64 | 55 | 8.3 | 7.67 | 12.82388 | 0.63 | 587 | 46 |
Subsidiary and Associates Performance (Crores)
| Company | Revenue (19-20) | P/L(19-20) | Revenue(18-19) | P/L(18-19) | Revenue(17-18) | P/L(17-18) |
| Fino Finance Pvt. Limited | 106 | 4.64 | 134.5 | 2.32 | 123 | -42 |
| Fino Trusteeship Services | 0.6 | 0.42 | 0.31 | 0.21 | 0.066 | 0.052 |
| Fino Payment Bank | 691 | -32 | 371.12 | -62.38 | 230 | -67.38 |
| Fino Financial Services | Nil | 0.0052 | Nil | 0.0043 | Nil | 0.0043 |
Consolidated Financials (Crores)
| Year | Revenue | Expense | PBT | PAT | Shares | EPS | NW | BV | Debt |
| 2018 | 376 | 552 | -176 | -167 | 9.86547 | -16.8 | 335 | 34.24 | 330 |
| 2019 | 547 | 601 | -53 | -73 | 12.26175 | -7.29 | 289 | 29.38 | 328 |
| 2020 | 852 | 872 | -19 | -20 | 12.27388 | -2.03 | 217 | 22.00 | 240 |
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Fino PayTech Limited Unlisted Share – Company Overview
Fino Pay Tech Limited was established on July 13, 2006, headquartered in Mumbai, and has offices throughout India. Fino Pay Tech Limited is a business and banking technology platform with a complete service channel that can meet the financial service needs of all customers. Fino Pay Tech Limited is an investor-institutional company owned by international and Indian investors. The company has grown into a thought leader for organizations such as banks, microfinance organizations, insurance companies, and government agencies, as well as an innovator and developer of technology solutions. As an alternative banking channel, Fino Pay Tech Limited provides comprehensive procurement and customer services.
Fino Pay Tech Limited uses its rich hands-on experience to develop appropriate advanced management solutions for all aspects of this field to reach operational efficiency even higher. The solutions include Customer Enrolment Solutions, Hardware Solutions, and Operations Solutions.
The company provides services to beneficiaries on behalf of customers in certain remote areas of the country. Its model allows them to provide services to a wide range of clients such as Business Correspondents Services, Consultancy Services, Financial Literacy, etc.
Fino Pay Tech Limited, through its business correspondent model, offers technology solutions to improve the operational efficiency of social benefit schemes like Mahatma Gandhi National Rural Employment Guarantee Scheme – MGNREGs and Social Security Pensions – SSP.
Leveraging its experience in the micro-finance sector and applying it in the micro-insurance sphere, Fino Pay Tech Limited has created a model that is efficient, scalable, sustainable, cost-effective, interoperable, and profitable.
A Terminal Management System manages issuance, blocking, and application updating of POS devices; and a Card Management System manages issuance, hot listing, and re-issuance of cards.
All these systems are an outcome of Fino Pay Tech Limited’s extensive field experience gained over the past years by serving in tough and remote locations. These systems provide services that are extremely relevant to entities operating in this sector.
Fino PayTech Limited Details as of March 31, 2023
Fino PayTech Outstanding Shares: | 13,30,77,682 |
Face Value of Fino PayTech Unlisted Share: | Rs. 10 Per Equity Share |
ISIN of Fino PayTech Unlisted Share: | INE511I01011 |
Lot Size of Fino PayTech Unlisted Share: | 100 Shares |
Fino PayTech Share Price: | Best in Industry |
PAN Number of Fino PayTech: | AAACF9869M |
Incorporation Details of Fino PayTech Limited
Fino PayTech Limited CIN Number | U72900MH2006PLC162656 |
Fino PayTech Limited Registration Date | 15-Jun-06 |
Category / Sub-Category of Fino PayTech | Company limited by Shares |
Fino PayTech Limited Registered Office Address | Shree Sawan Knowledge Park, 2nd Floor, D – 507, TTC Industrial Area, MIDC Turbhe, Navi Mumbai – 400705 |
Fino PayTech Limited Registrar & Transfer Agent Address and Contact Details | Adroit Corporate Services Private Limited 19, Jaferbhoy Industrial Estate 1st Floor, Makawana Road Marol Naka, Mumbai – 400059 |
Principal Business Activities of Fino PayTech Limited
| Name and Description of main products/services | NIC Code of the Product/ service | % to the total turnover of the company |
| Activities auxiliary to Financial service activities | 66190 | 76.76 |
Board of Directors of Fino PayTech Limited
Mr. Ashok Kini (Non-Executive Chairman, Independent Director)
Dr. Apurva Joshi (Independent Director)
Mr. Rajeev Deoras (Independent Director)
Mr. Amit Jain (Whole time Director)
Mr. Ramakrishna Gupta (Nominee Director)
Mr. Manoj Heda (Nominee Director)
Mr. Sudeep Gupta (Whole-time Director)
Particulars of Subsidiary and Associate Companies of Fino PayTech Limited
| Name of the Company | Subsidiary/Associate | % of shares held |
| FINO Finance Private Limited (Formerly known as Intrepid Finance & Leasing Private Limited) | Wholly owned Subsidiary | 100 |
| FINO Trusteeship Services Limited | Associate Company | 49 |
| Fino Payments Bank Limited (Formerly known as FINO Fintech Limited) | Wholly owned Subsidiary | 75 |
| FINO Financial Services Private Limited | Wholly owned Subsidiary | 100 |
Shareholding Pattern of Fino PayTech Limited (As of 31-03-2023)
| S. No. | Shareholders’ Name | No. of Shares | % of total Shares of the company |
| 1 | Bharat Petroleum Corporation Limited | 27,991,070 | 26.81 |
| 2 | ICICI Prudential Life Insurance Company Limited | 10,833,198 | 10.38 |
| 3 | ICICI Bank Limited | 9,485,140 | 9.09 |
| 4 | Blackstone GPV Capital Partners (Mauritius) | 7,183,536 | 6.88 |
| 5 | HAV 3 Holdings (Mauritius) Limited | 7,130,737 | 6.83 |
| 6 | ICICI Lombard General Insurance Company Limited | 5,984,658 | 5.73 |
| 7 | International Finance Corporation | 6,282,138 | 6.02 |
| 8 | Others | 3,60,05,773 | 28.26 |
| Total | 12,74,08,963 | 100 |
FINO PAYTECH Limited Balance Sheet (In Rs. Crores)
| Particulars | As at 31 March 2023 | As at 31 March 2022 |
| Assets | ||
| Non-current Assets | ||
| Property, Plant and Equipment | 124.67 | 87.86 |
| Right-of-Use Assets | 30.19 | 34.72 |
| Capital Work-in-Progress | 5.48 | 0.46 |
| Goodwill | – | – |
| Other Intangible Assets | 20.43 | 8.97 |
| Financial Assets | ||
| Investments | 54.89 | 43.30 |
| Loans | 0.00 | 0.05 |
| Others | 88.20 | 56.57 |
| Deferred Tax Assets (Net) | 5.86 | 17.68 |
| Advance Tax Assets (Net) | 14.92 | 18.05 |
| Other Non-current Assets | 6.18 | 4.16 |
| Total Non-current Assets | 350.82 | 271.82 |
| Current Assets | ||
| Inventories | 41.86 | 13.26 |
| Financial Assets | ||
| Investments | 1,090.89 | 590.73 |
| Trade Receivables | 72.37 | 70.03 |
| Cash and Cash Equivalents | 399.32 | 1,057.47 |
| Bank Balances (Excluding Cash Equivalents) | 455.41 | 444.05 |
| Loans | 1.03 | 6.31 |
| Others | 63.33 | 60.32 |
| Other Current Assets | 145.08 | 40.18 |
| Total Current Assets | 2,269.29 | 2,282.35 |
| Total Assets | 2,620.11 | 2,554.17 |
| Equity and Liabilities | ||
| Equity | ||
| Equity Share Capital | 104.40 | 109.17 |
| Instruments Entirely in Nature of Equity | 22.79 | 23.83 |
| Other Equity | 373.11 | 1,005.54 |
| Equity Attributable to Equity Holders of the Company | 500.30 | 1,138.54 |
| Non-controlling Interests | 137.18 | 119.53 |
| Total Equity | 637.48 | 1,258.07 |
| Liabilities | ||
| Non-current Liabilities | ||
| Financial Liabilities | ||
| Borrowings | 19.93 | 19.91 |
| Lease Liabilities | 27.63 | 32.54 |
| Provisions | 10.72 | 1.92 |
| Other Non-current Liabilities | 0.03 | 0.06 |
| Total Non-current Liabilities | 58.31 | 54.43 |
| Current Liabilities | ||
| Financial Liabilities | ||
| Borrowings | 434.80 | 270.80 |
| Trade Payables | ||
| Due to Micro and Small Enterprises | – | 0.03 |
| Due to Other than Micro and Small Enterprises | 22.94 | 43.27 |
| Lease Liabilities | 7.69 | 6.36 |
| Other Financial Liabilities | 1,415.40 | 861.17 |
| Other Current Liabilities | 24.08 | 30.59 |
| Short-term Provisions | 17.22 | 27.27 |
| Current Tax Liabilities | 2.19 | 2.18 |
| Total Current Liabilities | 1,924.32 | 1,241.67 |
| Total Liabilities | 1,982.63 | 1,296.10 |
| Total Equity and Liabilities | 2,620.11 | 2,554.17 |
FINO PAYTECH LimitedProfit & Loss Statement (In Rs. Crores)
| PARTICULARS | 2023 | 2022 |
| I. Revenue from Operations | 1,149.43 | 1,000.82 |
| II. Other Income | 141.87 | 49.81 |
| III. Total Income (I+II) | 1,291.30 | 1,050.63 |
| IV Expenses | ||
| Purchase of goods and services | 184.65 | 175.37 |
| Changes in inventories of finished goods, work-in-progress, and stock-in-trade | 3.47 | -7.05 |
| Employee benefits expenses | 170.69 | 155.59 |
| Finance costs | 54.15 | 30.10 |
| Depreciation and amortization expenses | 50.44 | 43.75 |
| Other expenses | 765.60 | 704.72 |
| Total Expenses (IV) | 1,229.00 | 1,102.47 |
| V. Profit before Exceptional items and tax | 62.30 | -51.84 |
| VI. Exceptional Items | – | – |
| VII. Profit before Tax (V-VI) | 62.30 | -51.84 |
| VIII. Tax Expense | ||
| 1) Current Tax | 0.37 | 1.31 |
| 2) Deferred Tax | 11.82 | – |
| IX. Profit for the Year (VII-VIII) | 50.11 | -53.15 |
| X. Other Comprehensive Income | ||
| i) Items that will not be classified to profit or loss | ||
| Re-measurement of the defined benefit plan | -0.02 | 0.77 |
| Fair value changes on Equity Instruments through other comprehensive income | – | – |
| ii) Income Tax Relating to items that will not be reclassified to profit & loss | – | – |
| iii) Items that will be reclassified to profit or loss | ||
| Investments measured at FVOCI | -1.34 | 0.21 |
| Income tax related to items that will be reclassified to profit or loss | ||
| Other comprehensive income for the year (net of tax) | -1.36 | 0.98 |
| XI. Total Comprehensive Income for the year (IX+X) | 48.75 | -52.17 |
| XII. Earnings per Equity share (Face Value Per Share) | ||
| a) Basic (Rs.) | 2.61 | -4.24 |
| b) Diluted (Rs.) | 2.61 | -4.24 |
FINO PAYTECH Limited’s Cash Flow Statement (In Rs. Crores)
| Particulars | 31st March 2023 | 31 March 2022 |
| Profit before tax from continuing operations | ||
| Profit before tax | 62.30 | -51.84 |
| Adjustments to reconcile (loss) / profit before tax to net cash used in operating activities | ||
| Depreciation | 50.44 | 43.75 |
| Profit / Loss on sale of fixed assets | -0.01 | – |
| ESOP expense | 8.11 | 4.60 |
| ESOP Cancellation Expenses | 0.16 | – |
| ESOP Cancellation Compensation | -28.55 | – |
| Interest income | -107.61 | -51.62 |
| Interest & finance charges | 54.15 | 30.10 |
| Provision (Write back) for doubtful debts and assets | -33.13 | – |
| Provision for loan losses expenses | -4.12 | 58.26 |
| Impairment of goodwill | 7.17 | |
| Provision for doubtful debts and assets | 0.02 | 18.02 |
| Operating profit before working capital changes | 1.77 | 58.43 |
| (Increase) in inventories | 3.47 | 3.51 |
| (Increase) / decrease in trade receivables | -2.34 | -41.93 |
| (Increase) / decrease in other current assets | -104.88 | -22.43 |
| Decrease in current financial assets – loans | 11.34 | 83.05 |
| Decrease / (increase) in other current financial assets | -3.03 | 17.44 |
| (Increase) / decrease in non current financial assets – others | -15.30 | -55.55 |
| Decrease in other non current assets | -2.02 | -0.06 |
| Decrease in non-current financial assets – loans | -0.01 | 14.26 |
| (Decrease) / increase in trade payables | -20.37 | -11.59 |
| Increase / (decrease) in other current liabilities | -6.50 | -1.03 |
| (Decrease) / increase in other current financial liabilities | 554.60 | 259.82 |
| (Decrease) in other non-current liabilities | -0.04 | -0.14 |
| (Decrease) in provisions | -0.35 | 1.09 |
| Cash generated from / (used in) operations before adjustments for interest received and interest paid | 416.34 | 304.85 |
| Interest paid | -32.13 | -11.68 |
| Interest received | 0.11 | 8.70 |
| Cash used in operations | 384.31 | 301.87 |
| Income tax paid | 2.77 | -84.48 |
| Net cash (used) / generated from operating activities (A) | 387.09 | 217.39 |
| B. Cash flows from investing activities | ||
| Acquisition of property, plant and equipment | -87.31 | -66.80 |
| Proceeds from sale of property, plant and equipment | 0.33 | 0.38 |
| Acquisition of computer software | -16.77 | -4.71 |
| Acquisition of investments | -513.10 | -127.69 |
| Stake sale of subsidiary | – | 1,131.91 |
| Proceeds from fixed deposits | -26.92 | -305.92 |
| Interest received | 104.99 | 44.06 |
| Net Cash used in investing activities (B) | -538.77 | 671.23 |
| C. Cash flows from financing activities | ||
| Proceeds from issue of equity shares | 0.23 | 83.91 |
| Proceeds from subordinate debt | 0.02 | 0.02 |
| Proceeds from long term borrowings | -0.36 | -32.56 |
| Repayment of non current borrowings | – | -38.31 |
| Proceeds of short term borrowings (net) | 164.00 | 27.70 |
| Buy Back of equity shares | -125.00 | – |
| Tax pertaining to buyback of equity shares | -21.86 | – |
| Preference Dividend Paid | -502.44 | – |
| Lease payments | 0.95 | 1.00 |
| Interest & finance charges paid | -22.02 | -18.42 |
| Net cash generated from financing activities (C) | -506.48 | 23.34 |
| Net increase / (decrease) in cash and cash equivalents (A + B + C) | -658.16 | |
| Cash and cash equivalents at the beginning of the year | 1,057.48 | 148.50 |
| Cash and cash equivalents at the end of the year | 399.32 | 148.50 |
| Cash and cash equivalents | ||
| Cash on hand and balances with banks | 399.31 | 1,057.48 |
| Cash and cash equivalents | 399.32 | 148.50 |
FINO PAYTECH Limited Key Financial Ratios
| Particulars | 31-Mar-23 | 31-Mar-22 |
| Current Ratio (in times) | 5.2 | 22.01 |
| Debt-Equity Ratio (in times) | 0 | 0 |
| Debt Service Coverage Ratio (in times) | -24.61 | 267.06 |
| Return on Equity Ratio (in %) | -13.00% | 44.00% |
| Inventory Turnover Ratio (in times) | 83.56 | 0 |
| Trade Receivables Turnover Ratio (in times) | 229% | 71% |
| Trade Payable Turnover Ratio (in times) | 137% | 49% |
| Net Capital Turnover Ratio (in times) | 24% | 3% |
| Net Profit Ratio (in %) | -436.00% | 2807.00% |
| Return on Capital Employed Ratio (in %) | -10.00% | 51.00% |
FINO PAYTECH Limited share Dividend History
| Particulars | 2023 | 2022 |
| Dividend per Share | 37.71 | 37.71 |
| Retained Earnings (In Rs. Crores) | -429.49 | 123.09 |
FINO PAYTECH Limited Recent Financial Performance
Revenue Growth Rate :
In 2023, the company achieved a robust revenue growth rate of approximately 14.85%, showing significant improvement compared to the previous year when it was 4.89%. This indicates strong sales growth.
Profit Margin :
The profit margin in 2023 is 4.82%, a substantial improvement from the negative margin of -5.18% in 2022. This suggests that the company has moved from a loss-making position to profitability.
Earnings per Share :
Both basic and diluted EPS in 2023 are INR 2.61, demonstrating a positive turnaround from negative EPS of -INR 4.24 in 2022. Shareholders have witnessed improved earnings per share.
Operating Profit Margin :
The operating profit margin in 2023 is 4.82%, showing a remarkable recovery from the negative margin of -5.18% in 2022. This indicates better operational efficiency and profitability.
Total Comprehensive Income :
The total comprehensive income for 2023 is INR 48.75, a positive swing from the negative comprehensive income of -INR 52.17 in 2022. This signifies a substantial improvement in the overall financial performance.
