P

Pine Labs Ltd
NSE:PINELABS

Watchlist Manager
Pine Labs Ltd
NSE:PINELABS
Watchlist
Price: 205.47 INR 2.68% Market Closed
Market Cap: ₹235.9B

EV/S

5.3
Current
14%
Cheaper
vs 3-y average of 6.1

Enterprise Value to Sales (EV/S) ratio compares a company`s total enterprise value to its revenue. It shows how much investors are paying for each dollar of the company`s sales, including both equity and debt.

EV/S
5.3
=
Enterprise Value
₹110.5B
/
Revenue
₹30.8B

Enterprise Value to Sales (EV/S) ratio compares a company`s total enterprise value to its revenue. It shows how much investors are paying for each dollar of the company`s sales, including both equity and debt.

EV/S
5.3
=
Enterprise Value
₹110.5B
/
Revenue
₹30.8B

Valuation Scenarios

Pine Labs Ltd is trading below its 3-year average

If EV/S returns to its 3-Year Average (6.1), the stock would be worth ₹238.44 (16% upside from current price).

Statistics
Positive Scenarios
3/4
Maximum Downside
-45%
Maximum Upside
+72%
Average Upside
15%
Scenario EV/S Value Implied Price Upside/Downside
Current Multiple 5.3 ₹205.47
0%
3-Year Average 6.1 ₹238.44
+16%
5-Year Average 6.1 ₹238.44
+16%
Industry Average 9.1 ₹354.29
+72%
Country Average 2.9 ₹112.42
-45%

Forward EV/S
Today’s price vs future revenue

Today's Enterprise Value Revenue Forward EV/S
₹110.5B
/
Jan 2026
₹30.8B
=
5.3
Current
₹110.5B
/
Mar 2026
₹28.2B
=
3.9
Forward
₹110.5B
/
Mar 2027
₹33.8B
=
3.3
Forward
₹110.5B
/
Mar 2028
₹40.3B
=
2.7
Forward

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

Peer Comparison

All Multiples
EV/S
P/E
All Countries
Close
P/E Multiple
Earnings Growth PEG
IN
P
Pine Labs Ltd
NSE:PINELABS
Average P/E: 18.9
Negative Multiple: -199.1
N/A N/A
US
Block Inc
NYSE:XYZ
32.1
41%
0.8
US
C
Corpay Inc
F:07G0
19.8
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
20.2
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
117%
N/A
AU
C
Cuscal Ltd
ASX:CCL
Not Available
31%
N/A
IN
Avenuesai Ltd
NSE:CCAVENUE
19.7
28%
0.7
UK
C
Cab Payments Holdings PLC
LSE:CABP
15.7
23%
0.7

Market Distribution

Higher than 71% of companies in India
Percentile
71st
Based on 2 864 companies
71st percentile
5.3
Low
0 — 1.6
Typical Range
1.6 — 5
High
5 —
Distribution Statistics
India
Min 0
30th Percentile 1.6
Median 2.9
70th Percentile 5
Max 55 686.2

Pine Labs Ltd
Glance View

Market Cap
235.9B 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 17%
Intrinsic Value
Price ₹205.47
P
Get AI-powered insights for any company or topic.
Open AI Assistant

Intrinsic Value is all-important and is the only logical way to evaluate the relative attractiveness of investments and businesses.

Warren Buffett