Pulse
NIFTY 5024,980.40+0.35%
SENSEX81,720.10+0.28%
NIFTY SHARIAH 254,850.15+0.42%
GOLD 24K (10g)₹75,420+0.38%
SILVER (1kg)₹88,400-0.12%
ACTIVE IPOS8 Open+38% GMP
TCS₹4,124.50+1.18%
INFY₹1,892.40+1.22%
USD/INR₹83.92-0.04%
NIFTY 5024,980.40+0.35%
SENSEX81,720.10+0.28%
NIFTY SHARIAH 254,850.15+0.42%
GOLD 24K (10g)₹75,420+0.38%
SILVER (1kg)₹88,400-0.12%
ACTIVE IPOS8 Open+38% GMP
TCS₹4,124.50+1.18%
INFY₹1,892.40+1.22%
USD/INR₹83.92-0.04%
PINE LABS LIMITED

PINE LABS LIMITED

NSE: PINELABS
Software - InfrastructureTechnologyMID CAPMCap ₹19.06k Cr
₹165.04₹-3.08 (-1.83%)

Market Closed • NSE

Market cap₹19.06k Cr
Enterprise value₹11.57k Cr
P/E TTM148.68
Forward P/E37.40
P/B3.20
EPS TTM₹1.11
Forward EPS₹4.41
ROCE4.15%
D/E7.47
Dividend yield0.00%
Face value₹1.00
52W high₹284.00
52W low₹134.73
Price chart(1Y)
1Y Return:+9.61% (+₹14.47)
H: ₹206.38L: ₹138.29
1W+1.24%
1M-10.54%
3M+9.72%
6M-16.13%
Today at a glance

Day range

₹164.56₹170.07

52 week range

₹134.73₹284.00
Volume6.35M0.24x 20D avg
Free float50.00%-76.10% volume

PINE LABS LIMITED closed at INR165.04 (-1.83%) on volume 0.24x its 20-day average, trading 41.89% below its 52-week high.

Technical analysis
RSI (14)43.6Neutral (30–70)
MACDBEARISHBearish (Below signal)
ATR (14)₹8.57High
SMA 20₹174.56BEARISH
SMA 50₹171.12BEARISH
SMA 100₹160.68BULLISH
SMA 200₹176.48BEARISH
CPR bottom₹169.19
Pivot₹168.83
CPR top₹168.48
What changed recently?

2026-Q2

Q2 FY2026 Financial Results

PAT moved -66.1% QoQ

Shariah audit
Methodology: AAOIFI Shariah Standard No. 21
PASS4/4 criteria
Shariah Compliant
CriteriaNumeratorDenominatorValueThresholdStatus
Interest-bearing debt ratio₹440.6 Cr₹19.06k Cr2.31%≤ 33%PASS
Non-halal income ratio–₹2.71k Cr0.00%≤ 5%PASS
Illiquid assets ratio₹11.90k Cr₹13.30k Cr89.52%≥ 20%PASS
Receivables ratio–₹13.30k Cr—≤ 49%PASS
Valuation & sector context
MetricCompanySector
P/E148.6823.00
Forward P/E37.40—
P/B3.203.80
EV/EBITDA—18.00
PEG—2.20
Earnings yield0.704.30
Growth & profitability
RevenuePAT
FY24PAT margin -19.30%
FY25PAT margin -6.40%
FY26PAT margin 4.20%

Revenue and PAT bars use independent scales to make their year-on-year direction readable.

Revenue CAGR 3Y+6.00%
Revenue CAGR 5Y+13.60%
PAT CAGR 3Y—
PAT CAGR 5Y—
Operating margin3.08%
Net margin4.50%
Financial health & cash flow
Net debt–Moderate
Interest coverage1.70xEBIT / interest
CFO / PAT3.50x3Y average
Net debt / EBITDA—Leverage
Operating cash flow₹395.4 Cr
Capital expenditure–
Free cash flow₹157.0 Cr
Financial statements

Complete reported financial history · Values use the company's reporting currency

Hover over the chart for exact reported values. Percentage lines use the right-hand axis.

Fundamental scorecard
Overall55/100
Valuation35/100
Profitability50/100
Financial health80/100

A 0–100 quantitative summary of reported fundamentals. Use the underlying financials and risks for context; the score is not a buy or sell recommendation.

Strengths, risks & investment thesis

Strengths

Low Debt Profile: Debt-to-Equity is comfortable at 0.07x

High Cash Flow Conversion: CFO/PAT averaged 3.5x over last 3 years

Risks

Tight Debt Servicing: Interest coverage ratio is under 2.0x

Stretched Valuation: Trading at a high P/E multiple of 148.7x

Bull case

Market Leadership: Established operational scale in Software - Infrastructure.

Bear case

Macro Headwinds: Fluctuations in interest rates and sector-specific policy shifts could compress multiples.

Flip condition

Sustained quarterly EBITDA margin expansion above 20% would trigger an upgrade.

Shareholding pattern
Quarterly ownership historyLatest valid period · December 2025

Ownership distribution

Dec 2025Latest holding

Category trends

Hover over a period for exact holdings

90%60%30%0%Dec 2025
16.61%Institutional holding
83.39%Public holding
1Periods available
0.00%Promoter pledged
1.18LShareholders
Delivery participation

Traded volume and delivery percentage across the latest 20 sessions

Average delivery (20D)30.65%+1.13% latest vs average
Highest delivery46.89%on 18 Sept
Average volume (20D)26.62MTrading-session average
Conviction trendStrengthening+1.13% latest reading
Traded volumeDelivery %
Peer comparison

Compare valuation, latest quarterly performance and year-on-year growth

8 companies
Company nameMarket cap ₹ CrP/E ratioDividend yield %Quarterly sales ₹ CrProfit after tax ₹ CrSales growth %Profit growth %
Tata Consultancy Services Limited
Tata Consultancy Services LimitedTCS
Open analysis
₹8.92L17.282.04%₹72,275.00₹13,420.00+13.93%+4.69%
Infosys Limited
Infosys LimitedINFY
Open analysis
₹4.70L15.824.50%₹48,211.00₹7,775.00+14.03%+12.29%
HCL Technologies Limited
HCL Technologies LimitedHCLTECH
Open analysis
₹3.73L20.423.53%₹34,579.00₹4,626.00+13.94%+20.34%
Wipro Limited
Wipro LimitedWIPRO
Open analysis
₹1.82L14.494.60%₹24,236.30₹3,501.80+7.70%-1.90%
Tech Mahindra Limited
Tech Mahindra LimitedTECHM
Open analysis
₹1.59L28.773.09%₹15,712.00₹1,486.00+17.68%+31.62%
LTM Limited
LTM LimitedLTM
Open analysis
₹1.30L24.901.77%₹11,608.00₹1,469.00+17.96%+17.05%
LG ELECTRONICS INDIA LTD
LG ELECTRONICS INDIA LTDLGEINDIA
Open analysis
₹1.17L63.960.00%₹7,233.35₹652.86——
One97 Communications Limited
One97 Communications LimitedPAYTM
Open analysis
₹1.08L169.180.00%₹2,264.00₹184.00+18.41%+134.07%
About PINE LABS LIMITED
PINE LABS LIMITED

Incorporated in 1998, Pine Labs is a leading Indian merchant commerce platform that provides point-of-sale (POS) solutions, payment processing, and merchant financing services.[1]

IndiaTechnology

Questions investors ask
Is PINE LABS LIMITED Shariah compliant?

PINE LABS LIMITED is currently screened as Shariah Compliant under AAOIFI Shariah Standard No. 21. Business activities align with Shariah permissible sectors. Debt to Market Cap (2.31%) complies with AAOIFI threshold (≤ 33%).

What is PINE LABS LIMITED's current valuation relative to peers?

PINE LABS LIMITED trades at a P/E of 148.7x compared to the sector median of 23x, and a Price-to-Book of 3.2x.

Is the company financially healthy?

The company has a Debt-to-Equity ratio of 0.07x. Interest coverage is 1.7x.

What are the historical revenue and profit growth rates?

Over the past 5 years, revenue compounded at 13.6% while net profit growth averaged consistent levels.

Market data is informational and may be delayed. Shariah screening follows the displayed methodology. This is not investment advice.

Market data may be delayed. Quote date: 2026-10-16. Financial figures relate to their stated reporting periods. This information is for research and is not a recommendation to buy or sell.