PineLabs Limited Unlisted Shares
About The Company
Strong
Market Position
Consistent
YoY Growth
Experienced
Management
Key Indicators
A snapshot of PineLabs Limited Unlisted Shares's financial health, valuation multiples and capital efficiency at a glance.
Pricing Trends
Financial Performance
| Indicators | 2024 | 2023 | 2022 |
|---|---|---|---|
| Revenue | 1,375.8 | 1,327.5 | 958.0 |
| Expense | 1,230.6 | 1,129.9 | 820.1 |
| EBITDA | 145.2 | 197.6 | 137.9 |
| Other Cost | 385.4 | 272.3 | 212.4 |
| PBT | -240.2 | -74.7 | -74.5 |
| Tax Expense | -53.0 | -18.6 | -51.9 |
| PAT | -187.2 | -56.1 | -22.6 |
| Other Inc./Exp. | 4.9 | 4.7 | -0.7 |
| Net Income | -182.3 | -51.4 | -23.3 |
| Shares O/S | 83.99 | 13.96 | 13.53 |
| EPS (₹) | -2.23 | -4.08 | -1.71 |
| Rev. Growth % | 3.6% | 38.6% | — |
| EBITDA Mgn % | 10.6% | 14.9% | 14.4% |
| Net Mgn % | -13.3% | -3.9% | -2.4% |
| EPS Growth | -45.3% | 138.6% | — |
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PineLabs Limited Unlisted Shares Unlisted Shares
Pine Labs is one of the pioneer FinTech companies in India. It started in 1998 and became a startup and a unicorn, providing innovative payment solutions for merchants to accept digital payments from customers. Recent news reports confirm that Pine Labs has filed applications with NCLT or the National Company Law Tribunal for a cross-border merger of its units in India and Singapore. Because of its continuous expansion to many countries, from Singapore and Malaysia to Vietnam and the Philippines, Indonesia, Thailand, and the UAE, Pinelabs share price of face value crossed Rs. 1,000 and will rise further.
Pine Labs Share Price Increases With Its Unique Payment Models
Pine Labs' payment model is one of India's pioneers in the FinTech industry to get income streams from two significant revenue sources: issuing and digital payments. The following are the few significant income streams for the Pine Labs price today: Rs. 1,100.
Pine Labs earns income from brokerage revenue, gift solutions, and other items in the issuing category. It acquired Qwikcliver Solutions, a successful digital Gift Card Startup, to strengthen its domestic and international reach. Also, in 2022, it acquired Saluto Wellness Private Ltd, a proprietary enterprise platform, to boost its issuing business.
In the second category of income source digital payments, Pine Labs share price significant earnings come from its transaction processing services and electronic payments to merchants. This is in addition to BNPL or buy now pay later, subscription-based services, aggregator services, cashback services, hardware sales, peripherals to digitalise fuel stations, etc.
Pine Labs has two subsidiaries to add to its income stream to show excellent results in 2023. One is the acquired Qwickcliver Solutions Pvt Ltd, a global leader in the gift card industry, powering all its segments to provide the world's only end-to-end solutions in the segment. Another is Mopay Services Pvt Ltd, the leader in financial intermediation aside from pension funding and insurance. All of it, including the business model and its income streams, is to increase the Pine Lab share price to surge further so investors can yield high returns.
Acquisitions by Pine Labs to Expand its Business
Apart from acquiring Qwickcliver Solutions Pvt Ltd for Rs. 825 crores in 2019, Pine Labs made many other recent acquisitions of RAKBANK and its operations in India and abroad.
Year | Activity | Amount |
2018 | Partnered with Google Pay to capture offline payment space in India | - |
2019 | Acquired Rakbank to launch payment platform in UAE; Partnered with UnionPay | - |
2021 | Pine Labs partnered with Mastercard to launch BNPL credit offering in five countries; Acquired Southeast Asian deals of Cashback platform Fave | Rs. 360 crore |
2022 | Pine Labs acquired Mosambee and Setu | Rs. 800 crore, Rs. 600 crore |
2023 | Pine Labs acquired Saluto Wellness | - |
All these acquisitions and more in the near and short term will increase Pine Lab's share price now and in the coming months and years.
Pine Labs Journey at a Glance
Year | Activity |
2018 | Partnered with Google Pay to capture the offline payment space in India. |
2019 | Acquired Rakbank to launch its payment platform in the United Arab Emirates. |
Partnered with UnionPay. | |
2021 | Backed by Temasek and Paypal, partnered with Mastercard to launch integrated BNPL credit offerings to merchants in Thailand, Indonesia, Singapore, Vietnam, and the Philippines. |
2021 | Acquired Southeast Asian deals of Cashback platform Fave for Rs. 360 crore. |
2022 | Acquired QFix Infocomm for an undisclosed amount. |
Acquired Mosambee for Rs. 800 crore. | |
Acquired Setu, the top API FinTech company, for Rs. 600 crore. | |
2023 | Acquired Saluto Wellness, an enterprise platform, for an undisclosed amount. |
Continued focus on future acquisitions. |
Pine Labs Share Price Increase With Improved Results in the FY 2023
In India alone, over one million businesses rely on Pine Labs and its BNPL, loyalty, prepaid & gifting, rewards & cashback, and many other products and services. So far, Pine Labs has sold over 850,000 POS machines in India in recent years and is expanding to many countries. In recent years, Pine Labs has been investing huge amounts in expanding its business to many countries like Singapore, Malaysia, and other Southeast Asia countries, UAE, and others.
The revenue saw a record crossing of Rs. 1,000 crores for the first time to reach 1,280.5 crores in FY 23, a 37% rise compared to FY 22. The main contributor to the revenue increase is that apart from selling the POS machines, it is selling its services, which increased to Rs. 1 013.8 from 733.8 crores from FY 22 to FY 23. However, because of the vast difference in the deferral interests, spending on overseas expansion plans, and acquiring many companies, the net loss increased from 22.6 to 56.2 crores from FY 22 to FY 23.
The significant increase in revenue is not only due to selling POS machines and providing various services but also from interest income, government grants, subsidies income, written-back excess provisions, etc. Another vital fact in the results is that if revenue from India rose from 91405 to 1253.7 crores from FY 22 services to FY 23, its global income grew 51% to reach Rs. 268.7 crores in FY 23.
Pine Labs Fundraising Activities
In 13 rounds, Pine Labs raised over 1.2 billion dollars to fund rapid expansion plans in Southeast Asia and Middle Eastern countries. Pine Labs' valuation was set at five billion dollars in the last round, led by Vitruvian Partners in 2024. Throughout the fundraising rounds, the unicorn FinTech company Pine Labs had the backing of SBI, Paypal Ventures, Mastercard, Alpha Wave Global, and others. It will help to negate the withdrawal of the IPO attempt by Pine Labs to list in the US Nasdaq in 2022, stating unfavourable market conditions. However, with rapid expansion into many countries, increasing revenue, raising funds, and other things, Pine Lab's share price will increase now and in the future.
Conclusion:
All the above facts will convince anyone to invest in the Pine Lab unlisted shares easily, quickly, and safely from the top broker, earning the trust of thousands of investors for many years to yield high returns because of the growing digital payments not only in India but also in other countries it is expanding rapidly.
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