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Pine Labs Ltd
NSE:PINELABS

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Pine Labs Ltd
NSE:PINELABS
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Price: 196.78 INR -0.49% Market Closed
Market Cap: ₹226B

EV/EBITDA

48.9
Current
19%
Cheaper
vs 3-y average of 60.4

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
48.9
=
Enterprise Value
₹110.5B
/
EBITDA
₹3.1B

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
48.9
=
Enterprise Value
₹110.5B
/
EBITDA
₹3.1B

Valuation Scenarios

Pine Labs Ltd is trading below its 3-year average

If EV/EBITDA returns to its 3-Year Average (60.4), the stock would be worth ₹243.34 (24% upside from current price).

Statistics
Positive Scenarios
2/4
Maximum Downside
-64%
Maximum Upside
+24%
Average Downside
18%
Scenario EV/EBITDA Value Implied Price Upside/Downside
Current Multiple 48.9 ₹196.78
0%
3-Year Average 60.4 ₹243.34
+24%
5-Year Average 60.4 ₹243.34
+24%
Industry Average 22.2 ₹89.3
-55%
Country Average 17.7 ₹71.13
-64%

Forward EV/EBITDA
Today’s price vs future ebitda

Today's Enterprise Value EBITDA Forward EV/EBITDA
₹110.5B
/
Jan 2026
₹3.1B
=
48.9
Current
₹110.5B
/
Mar 2026
₹4.7B
=
23.5
Forward
₹110.5B
/
Mar 2027
₹7.4B
=
15
Forward
₹110.5B
/
Mar 2028
₹10.3B
=
10.7
Forward

Forward EV/EBITDA shows whether today’s EV/EBITDA still looks high or low once future ebitda are taken into account.

Peer Comparison

All Multiples
EV/EBITDA
P/E
All Countries
Close
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
IN
P
Pine Labs Ltd
NSE:PINELABS
Average EV/EBITDA: 15.9
48.9
57%
0.9
US
Block Inc
NYSE:XYZ
12.3
24%
0.5
US
C
Corpay Inc
F:07G0
12.1
15%
0.8
JP
P
PayPay Corp
NASDAQ:PAYP
Not Available N/A N/A
US
C
Chime Financial Inc
NASDAQ:CHYM
Not Available N/A N/A
US
N
NCR Atleos Corp
NYSE:NATL
7.3
15%
0.5
BR
CIELO SA Instituicao de Pagamento
F:28MA
4
3%
1.3
BR
Picpay Holdings Netherlands BV
NASDAQ:PICS
Not Available N/A N/A
AU
C
Cuscal Ltd
ASX:CCL
Not Available
27%
N/A
IN
Avenuesai Ltd
NSE:CCAVENUE
10.9
19%
0.6
UK
C
Cab Payments Holdings PLC
LSE:CABP
Negative Multiple: -46.2 N/A N/A
P/E Multiple
Earnings Growth PEG
IN
P
Pine Labs Ltd
NSE:PINELABS
Average P/E: 19.5
Negative Multiple: -190.7
N/A N/A
US
Block Inc
NYSE:XYZ
33.1
41%
0.8
US
C
Corpay Inc
F:07G0
21
29%
0.7
JP
P
PayPay Corp
NASDAQ:PAYP
Not Available N/A N/A
US
C
Chime Financial Inc
NASDAQ:CHYM
Not Available N/A N/A
US
N
NCR Atleos Corp
NYSE:NATL
20.3
52%
0.4
BR
CIELO SA Instituicao de Pagamento
F:28MA
6.1
1%
6.1
BR
Picpay Holdings Netherlands BV
NASDAQ:PICS
Not Available
118%
N/A
AU
C
Cuscal Ltd
ASX:CCL
Not Available
31%
N/A
IN
Avenuesai Ltd
NSE:CCAVENUE
20.4
28%
0.7
UK
C
Cab Payments Holdings PLC
LSE:CABP
16.2
23%
0.7

Market Distribution

Higher than 86% of companies in India
Percentile
86th
Based on 2 785 companies
86th percentile
48.9
Low
0.4 — 11.9
Typical Range
11.9 — 27.8
High
27.8 —
Distribution Statistics
India
Min 0.4
30th Percentile 11.9
Median 17.7
70th Percentile 27.8
Max 47 834.4

Pine Labs Ltd
Glance View

Market Cap
226B INR
Industry
Financial Services

Pine Labs Ltd. provides payment solutions and point-of-sale (PoS) systems to merchants. The company is headquartered in Noida, Uttar Pradesh and currently employs 4,231 full-time employees. The company went IPO on 2025-11-14. The Company’s Digital Infrastructure and Transaction Platform comprises in-store and online payment infrastructure, affordability, value added services (VAS), such as dynamic currency conversion and transaction processing, and financial technology (FinTech) infrastructure solutions and software applications. Its Issuing and Acquiring Platform comprises issuing, processing and distribution of prepaid solutions and engagement solutions, along with its unified issuing and acquirer processing platforms. Through cloud-based software technology, it helps digitize, simplify and make commerce more secure for its ecosystem of merchants, consumer brands and enterprises, and financial institutions, ultimately empowering them to serve consumers and enable consumption.

PINELABS Intrinsic Value
171.17 INR
Overvaluation 13%
Intrinsic Value
Price ₹196.78
P
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