NSE: FINOPB | BSE: 543386

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252.30 8.25 (3.38%)

45.97% Fall from 52W High

416.4K NSE+BSE Volume

NSE 08 Aug, 2025 3:31 PM (IST)

2,099.6

Market Cap

Below industry Median

1.5

Beta 1Year

Very High Volatility

Fino Payments Bank Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for FINOPB, BSE:543386 Fino Payments Bank Ltd.

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Fino Payments Bank Ltd.

30 Apr 2025

252.30

3.38%

Strong business momentum; all eyes on SFB license

Buy: Fino Payments Bank Ltd.

Emkay

Fino posted a slight 2.5% beat on PAT at Rs240mn, owing to strong momentum in CASA and the DPS segment, and partly offset by continued cannibalization of the remittance business.

Fino Payments Bank Ltd. has lost -29.95% in the last 1 Year

Fino Payments Bank Ltd.

15 Apr 2025

252.30

3.38%

FINO PAYMENTS BANK LTD.

Buy: Fino Payments Bank Ltd.

Target

Ventura

Black & White report

Fino Payments Bank Ltd. has lost -29.95% in the last 1 Year

Fino Payments Bank Ltd.

05 Apr 2025

252.30

3.38%

Set to transition into a unique payment cum lending SFB

Buy: Fino Payments Bank Ltd.

Emkay

We initiate coverage on Fino Payments Bank (Fino) with BUY and TP of Rs300 (upside of 34%). Fino has emerged as a distinctive, asset-light, and profitable payment bank, capitalizing on India’s RURBAN digitization wave.

Fino Payments Bank L.. has an average target of 295.50 from 2 brokers.

Fino Payments Bank Ltd.

04 Oct 2024

252.30

3.38%

FINO PAYMENTS BANK LTD.

Buy: Fino Payments Bank Ltd.

Ventura

Poised to revolutionize banking and transform India's financial landscape

Fino Payments Bank Ltd. is trading below all available SMAs

Fino Payments Bank Ltd.

01 Aug 2023

252.30

3.38%

Monetization journey to leapfrog – SFB conversion in next 18-24 months

Buy: Fino Payments Bank Ltd.

Target

ICICI Securities Limited

Fino Payments Bank (Fino), after spending its first few years (as a payment bank) in building a distribution network, customer base and product offerings, is now gearing up for sweating its infrastructure and monetising its strong customer base of 8.3mn and merchant network of 1.4mn as of Jun’23.

Fino Payments Bank Ltd. has lost -29.95% in the last 1 Year

Fino Payments Bank Ltd.

04 May 2023

252.30

3.38%

CASA continues to outperform; company entering into phase-2 of monetisation journey

Buy: Fino Payments Bank Ltd.

Target

ICICI Securities Limited

Fino Payments Bank (Fino), after spending its first few years (as a payment bank) in building a distribution network, customer base and product offerings, is now gearing up for sweating its infrastructure, especially its existing customer base of 7.5mn as of Mar’23. Further, with revamped digital capabilities and improved distribution, it expects its customer base to reach 20mn by FY26.

Fino Payments Bank Ltd. has lost -15.22% in the last 1 Month

Fino Payments Bank Ltd.

06 Feb 2023

252.30

3.38%

CASA + CMS continued to remain key margin expansion driver; sustainability is key

Buy: Fino Payments Bank Ltd.

ICICI Securities Limited

Fino Payment Bank (Fino) continued to sustain improving trajectory in PAT margin for the third consecutive quarter – as reflected in 150bps QoQ PAT margin expansion to 6.1% in Q3FY23 vs 3.5% / 4.5% in Q1FY23 / Q2FY23, respectively.

Fino Payments Bank Ltd. has lost -15.22% in the last 1 Month

Fino Payments Bank Ltd.

02 Nov 2022

252.30

3.38%

Sequential improvement across the board; sustainability is key

Buy: Fino Payments Bank Ltd.

Target

ICICI Securities Limited

Fino Payment Bank’s (Fino) Q2FY23 financial performance showed improvement
across business parameters as reflected in 36% QoQ growth in earnings at Rs138mn
–driven largely by 60bps QoQ gross profit margin expansion and benefits of operative
leverage.

Fino Payments Bank L.. has an average target of 295.50 from 2 brokers.

Fino Payments Bank Ltd.

04 Jan 2022

252.30

3.38%

A unique business model; niche position in untapped rural India

Buy: Fino Payments Bank Ltd.

ICICI Securities Limited

We initiate coverage on Fino Payments Bank (Fino) with BUY rating and TP of Rs475. Fino is uniquely positioned to capture growing opportunities in rural India, led by deep-rural products like MATM (~51% market share as on Aug’21) & AEPS, tailor-made CASA accounts for under served population, and payment app called “FinoPay” targeting rural population

Fino Payments Bank Ltd. has lost -15.22% in the last 1 Month

Fino Payments Bank Ltd.

29 Oct 2021

252.30

3.38%

Fino Payments Bank Ltd. IPO Note

IPO Note: Fino Payments Bank Ltd.

Ashika Research

Public issue of 20,802,306 Equity shares of Face value Total Public Rs. 10 each, (Comprising of fresh issue of 5,199,307 Employee Reservation Equity Shares* (Rs. 300 cr.) and Offer for Sale of Total...

Fino Payments Bank Ltd. has lost -29.95% in the last 1 Year

VOTE: Is Fino Payments Bank Ltd. worth buying?

63 Votes:

Buy 77.78%

Sell 7.94%

Hold 14.29%

RESEARCH REPORTS

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Buy SEE REPORTS >

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