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Fino Paytech

Fino Paytech Limited, the holding company of Fino Payments Bank, is currently trading at a 45% discount to its intrinsic value, presenting a potential investment opportunity. The company has shown growth in total income and profit after tax, with significant shareholders including Bharat Petroleum and ICICI Bank. A reverse merger with Fino Payments Bank could further enhance the value of Fino Paytech shares.

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37 views2 pages

Fino Paytech

Fino Paytech Limited, the holding company of Fino Payments Bank, is currently trading at a 45% discount to its intrinsic value, presenting a potential investment opportunity. The company has shown growth in total income and profit after tax, with significant shareholders including Bharat Petroleum and ICICI Bank. A reverse merger with Fino Payments Bank could further enhance the value of Fino Paytech shares.

Uploaded by

sreekanth nara
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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Buy Unlisted shares of Fino Paytech Limited

Fino Paytech - A mispriced opportunity?

The parent company of Fino Payments Bank, Fino-Paytech, is


presently trading at a 45% discount to its intrinsic value.
Fino-paytech and Fino Payments Bank will reverse merge, and
traditionally, these revere merger companies trade at a
discount of 15–25%.
Previously during the reverse merger of Ujjivan Financial Services
and Ujjivan Small Finance Bank there was a 20% discount.

Current Market Cap of Fino Payments Bank (Sept,2024) 3300 crores

Holding of Fino Paytech in Fino Payments Bank (75% * 3300 crores) 2475 crores

Current Market Cap of Fino Paytech 1700 crores

Accordingly, Fino Paytech is trading at a 45% discount and whenever the


reverse merger plays out there can be a potential upside in the Fino paytech
shares. The investor at the current market price is enjoying the hold-co discount
+ the share appreciation in Fino Paytech shares.

Accordingly at current valuations Fino-Paytech seems to be an attractive


opportunity!

M: +918240614850 E: [email protected] www.altiusinvestech.com


Buy Unlisted shares of Fino Paytech Limited

FINO PayTech Limited - the holding company of Fino Payments Bank is a


notable player in the banking technology sector, recognized for its innovative
solutions and extensive service offerings.​The company specializes in business
and banking platforms, fulfilling the technological needs of various institutions.

Particulars FY-24 FY-23 Growth %

Total Income 1497 1291 16%

PAT 80 50 28%

TOTAL
PAT Margins 5.5% 4%

EPS 6.23 3.93

₹ in crores
VALUATIONS
CMP (Sept, 2024) : 138 Market Cap : 1700 crores
P/E : 21 P/B : 2.5 P/S : 1.13

KEY SHAREHOLDERS

Bharat Petroleum Corporation Limited 28.75%

ICICI Prudential Life Insurance Company Limited 11.5%

Blackstone GPV Capital Partners 7.6%

ICICI Bank Limited 5.82%

M: +918240614850 E: [email protected] www.altiusinvestech.com

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