Shares of Pine Labs Ltd (PINELABS) traded at ₹231.49 on Wednesday, gaining 1.22% in intraday trading as the market absorbed third-quarter results showing sustained profitability. The stock listed on the NSE and BSE in November 2025 at ₹242 and has since navigated a 52-week range of ₹213.50 to ₹284.00. Today’s move reflects positive investor sentiment regarding the firm’s efficient deployment of its ₹2,080 crore IPO proceeds.
Company Description
Pine Labs Ltd (PINELABS) is a leading merchant commerce platform providing digital payment and financial services to businesses across India, Southeast Asia, and the Middle East. Its ecosystem integrates point-of-sale (POS) systems, QR-based payments, “Buy Now, Pay Later” (BNPL) offerings, and enterprise commerce software. The company serves over one million merchants, ranging from large retail chains to small-scale retailers, through its cloud-native “Credit+” and “Setu” infrastructure.
Current Stock Price
₹231.49
Market Capitalization
₹26,589 crore ($3.19 billion)
Valuation
The stock currently trades at a forward P/E of 330.7x based on fiscal 2026 earnings estimates. This high multiple is characteristic of the Indian fintech sector, where investors are pricing in an aggressive transition from net losses to sustained operational leverage as the company scales its high-margin issuing and software segments.