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Pine Labs is a leading fintech company based in India that specializes in digital payments and merchant solutions. It provides a comprehensive suite of products including point-of-sale (POS) terminals, payment processing, and loyalty programs, enabling businesses to streamline transactions and enhance customer engagement.
Pine Labs Limited., is an unlisted public company incorporated on 18 May, 1998. It is classified as a public limited company and is located in , Haryana. It's authorized share capital is INR 205.88 cr and the total paid-up capital is INR 114.83 cr.
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** All rupee values in INR crores. Based on March 2025 numbers.
* GST not included
** Reports & MCA filings will be based on the latest available financials.
** Delivery timelines are on best-effort basis during working hours. Filings 3-4 hours. Reports 24-48 hours.
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| State | Type | Address |
|---|
| Designation | Name | DIN/PAN | Tenure |
|---|---|---|---|
| Director | Kush Mehra
Shareholder
|
08154941 | 7 years |
| Cfo | Sameer Vasudev Kamath | <HIDDEN> | 1 years |
| Managing Director | Bairavarasu Amrish Rau | 02008811 | 1 years |
| Ceo | Bairavarasu Amrish Rau | <HIDDEN> | 1 years |
| Director | Maninder Singh Juneja | 02680016 | 1 years |
| Director | Amrita Gangotra | 08333492 | 1 years |
| Director | Smita Chandramani Kumar | 10347292 | 1 years |
| Director | Shailendra Jit Singh | 01930079 | 1 years |
| Company Secretary | Neerav Mehta | <HIDDEN> | 1 years |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Sales | 460.4 | 932.3 | 1,280.5 | 1,309.6 | 1,597.3 |
| Operating profit | 34.3 | 123.9 | 150.6 | 79.0 | 232.6 |
| Net profit | -62.2 | -22.6 | -56.1 | -187.2 | 43.5 |
| Gross margin | 88.2 | 95.7 | 96.3 | 95.8 | 96.5 |
| Operating margin | 7.5 | 13.3 | 11.8 | 6.0 | 14.6 |
| Net margin | -12.9 | -2.4 | -4.2 | -13.6 | 2.6 |
| Networth | 1,198.8 | 1,913.3 | 2,184.5 | 2,044.7 | 2,071.1 |
| Borrowings | 107.5 | 236.4 | 307.0 | 477.0 | 730.5 |
| Assets | 2,106.6 | 6,279.0 | 7,403.4 | 7,902.6 | 9,048.4 |
| Debt to equity | 0.1 | 0.1 | 0.1 | 0.2 | 0.3 |
| Current ratio | 1.1 | 1.1 | 1.2 | 1.1 | 1.1 |
| ROE | -5.2 | -1.2 | -2.6 | -9.2 | 2.1 |
| Days payable | 391.0 | 2,415.0 | 2,971.0 | 3,834.0 | 3,340.0 |
| WC days | 45.0 | 238.0 | 224.0 | 212.0 | 186.0 |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Equity Capital | 12.9 | 13.5 | 14.0 | 84.0 | 84.0 |
| Reserves | 1,186.0 | 1,899.8 | 2,170.5 | 1,960.7 | 1,987.1 |
| Borrowings + | 107.5 | 236.4 | 307.0 | 477.0 | 730.5 |
| Long term borrowings | 97.7 | 92.8 | 154.0 | 113.6 | 47.2 |
| Short term borrowings | 9.8 | 143.6 | 152.9 | 363.4 | 683.4 |
| Trade payables + | 58.2 | 265.4 | 384.4 | 576.7 | 509.3 |
| Days payable | 391.0 | 2,415.0 | 2,971.0 | 3,834.0 | 3,340.0 |
| Other liabilities + | 800.3 | 4,129.3 | 4,912.0 | 5,380.9 | 6,246.7 |
| Other non-current liabilities | 59.5 | 91.2 | 140.4 | 154.8 | 172.6 |
| Other current liabilities | 682.6 | 3,772.7 | 4,387.1 | 4,649.3 | 5,564.9 |
| Total liabilities | 2,106.6 | 6,279.0 | 7,403.4 | 7,902.6 | 9,048.4 |
| Fixed Assets + | 402.6 | 1,140.6 | 1,366.3 | 1,186.5 | 1,076.2 |
| Tangible assets | 350.2 | 442.3 | 531.9 | 465.1 | 407.0 |
| CWIP | 46.7 | 122.0 | 251.4 | 201.0 | 134.2 |
| Intangible assets | 5.7 | 576.4 | 583.1 | 520.4 | 535.1 |
| LT loans and advances | 2.0 | - | - | - | - |
| Other non-current assets | 894.9 | 347.4 | 325.5 | 365.0 | 399.8 |
| Current assets + | 807.0 | 4,790.9 | 5,711.6 | 6,351.1 | 7,572.3 |
| Inventories | 3.5 | 11.8 | 20.9 | 22.7 | 15.2 |
| Trade receivables | 109.6 | 296.2 | 480.7 | 503.7 | 665.0 |
| Cash and cash equivalents | 49.1 | 320.4 | 390.6 | 511.1 | 612.8 |
| ST loans and advances | 0.8 | 0.3 | 31.9 | 57.8 | 14.4 |
| Other current assets | 644.0 | 4,162.3 | 4,787.5 | 5,255.8 | 6,265.0 |
| Total assets | 2,106.6 | 6,279.0 | 7,403.4 | 7,902.6 | 9,048.4 |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Sales + | 460.4 | 932.3 | 1,280.5 | 1,309.6 | 1,597.3 |
| Sales growth % | -33.21 | 102.51 | 37.35 | 2.27 | 21.97 |
| Expenses + | 565.7 | 1,032.4 | 1,402.2 | 1,616.0 | 1,636.7 |
| Cost of goods | 54.3 | 40.1 | 47.2 | 54.9 | 55.6 |
| Employee cost | 239.7 | 451.1 | 606.7 | 625.4 | 659.0 |
| Other costs | 132.2 | 317.2 | 476.0 | 550.4 | 650.0 |
| Operating profit + | 34.3 | 123.9 | 150.6 | 79.0 | 232.6 |
| Operating margin % | 7.5 | 13.3 | 11.8 | 6.0 | 14.6 |
| Other income | 22.3 | 25.6 | 47.0 | 66.2 | 97.9 |
| Interest | 19.6 | 23.7 | 33.5 | 57.6 | 70.3 |
| Depreciation | 120.0 | 200.3 | 238.7 | 327.8 | 201.7 |
| Exceptional items | - | - | - | - | - |
| Profit before tax | -83.1 | -74.5 | -74.7 | -240.2 | 58.5 |
| Tax | -20.8 | -51.9 | -18.6 | -53.0 | 14.9 |
| Profit - disc. ops | - | - | - | - | - |
| Net profit | -62.2 | -22.6 | -56.1 | -187.2 | 43.5 |
| Net margin % | -12.9 | -2.4 | -4.2 | -13.6 | 2.6 |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Solvency + | |||||
| Total Debt/Equity | 0.1 | 0.1 | 0.1 | 0.2 | 0.3 |
| Net Debt/Equity | 0.1 | 0.0 | 0.0 | 0.0 | 0.1 |
| Total Debt/Assets | 0.1 | 0.0 | 0.0 | 0.1 | 0.1 |
| Total Assets/Equity | 1.8 | 3.3 | 3.4 | 3.9 | 4.4 |
| Liquidity + | |||||
| Current Ratio | 1.1 | 1.1 | 1.2 | 1.1 | 1.1 |
| Quick Ratio | 1.1 | 1.1 | 1.2 | 1.1 | 1.1 |
| Interest Coverage | 1.8 | 5.2 | 4.5 | 1.4 | 3.3 |
| Performance | |||||
| Gross Margin | 88.2 | 95.7 | 96.3 | 95.8 | 96.5 |
| Operating Margin | 7.5 | 13.3 | 11.8 | 6.0 | 14.6 |
| Net Margin | -12.9 | -2.4 | -4.2 | -13.6 | 2.6 |
| Return + | |||||
| Return on Equity | -5.2 | -1.2 | -2.6 | -9.2 | 2.1 |
| Pre-tax ROCE | -18.7 | -4.4 | -4.1 | -12.8 | 1.6 |
| Return on Assets | -3.0 | -0.4 | -0.8 | -2.4 | 0.5 |
| Pre-tax ROIC | -6.8 | -4.0 | -4.0 | -12.2 | 1.4 |
| Efficiency + | |||||
| Days Payable | 391.0 | 2,415.0 | 2,971.0 | 3,834.0 | 3,340.0 |
| Days Inventory | 24.0 | 107.0 | 161.0 | 151.0 | 99.0 |
| Days Receivable | 87.0 | 116.0 | 137.0 | 140.0 | 152.0 |
| Fixed Asset Turnover | 1.1 | 0.8 | 0.9 | 1.1 | 1.5 |
| Total Asset Turnover | 0.2 | 0.1 | 0.2 | 0.2 | 0.2 |
| Working Capital | |||||
| Cash Conversion Cycle | -280.0 | -2,192.0 | -2,673.0 | -3,543.0 | -3,089.0 |
| Working Capital Days | 45.0 | 238.0 | 224.0 | 212.0 | 186.0 |
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The incorporation date of PINE LABS LIMITED. is 18 May, 1998
The authorized share capital of PINE LABS LIMITED. is INR ₹ 205.9 Cr.
The paid-up capital of PINE LABS LIMITED. is INR ₹ 114.8 Cr.
The registered address of PINE LABS LIMITED. is UNIT NO. 408, 4TH FLOOR, TIME TOWER, MG ROAD, DLF QE, Gurgaon, Dlf Qe, Haryana, India, 122002 - 122002
The CIN number of PINE LABS LIMITED. is L67100HR1998PLC113312.