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Pine Labs Limited.
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Registered Details

PINE LABS LIMITED.

www.pinelabs.com

All Companies ›

Haryana ›

Finance ›

PINE LABS LIMITED.

Active

Updated: 28 Aug 2026

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 a listed public company incorporated on 18 May, 1998. It is classified as a public limited company and is located in Dlf Qe, Haryana. It's authorized share capital is INR 205.88 cr and the total paid-up capital is INR 115.39 cr.

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Targeted Promotions, Instant EMI, Instant Discounts, e-Wallet, Loyalty Solution, Dynamic Currency Conversion etc, PaybyPoints, Gift Solution, Cash Back Programs

Company size

Auth Capital

₹ 205.9 Cr

Paidup Capital

₹ 115.4 Cr

Revenue

₹ 1500-1750 cr

Key Metrics

** All rupee values in INR crores. Based on March 2025 numbers.

Total Revenue

23.21%

₹ 1,695.2

EBITDA

194.53%

₹ 232.6

Net Profit

₹ 43.5

Networth

1.29%

₹ 2,071.1

Borrowings

53.15%

₹ 730.5

Assets

14.5%

₹ 9,048.4

Gross Margin

0.71

96.5 %

Operating Margin

8.54

14.6 %

Net Profit Margin

16.17

2.6 %

Return on Equity

11.25

2.1 %

ROCE

14.4

1.6 %

Debt to Equity

0.12

0.3

Sales

Mar 2025

Net worth

Mar 2025

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Locations

India (39)

State	Type	Address

Locations on Map

People

Designation	Name	DIN/PAN	Tenure
Director	Kush Mehra Shareholder	08154941	8 years
Managing Director	Bairavarasu Amrish Rau	02008811	1 years
Additional Director	Maninder Singh Juneja	02680016	1 years
Additional Director	Amrita Gangotra	08333492	1 years
Additional Director	Smita Chandramani Kumar	10347292	1 years
Director	Shailendra Jit Singh	01930079	1 years

Financial Highlights

** All numbers in INR crores

	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

Margins

Gross margin

Operating margin

Net margin

Balance Sheet

Standalone

Consolidated

₹

** All numbers in INR crores

	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 +	742.1	3,863.9	4,527.6	4,804.1	5,737.5
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

Percentage of assets	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	0.61	0.22	0.19	1.06	0.93
Reserves	56.3	30.26	29.32	24.81	21.96
Borrowings +	5.1	3.76	4.15	6.04	8.07
Long term borrowings	4.64	1.48	2.08	1.44	0.52
Short term borrowings	0.47	2.29	2.07	4.6	7.55
Trade payables	2.76	4.23	5.19	7.3	5.63
Other liabilities +	37.99	65.76	66.35	68.09	69.04
Other non-current liabilities	2.82	1.45	1.9	1.96	1.91
Other current liabilities	32.4	60.08	59.26	58.83	61.5
Total liabilities
Fixed Assets +	19.11	18.17	18.46	15.01	11.89
Tangible assets	16.63	7.04	7.18	5.88	4.5
CWIP	2.22	1.94	3.4	2.54	1.48
Intangible assets	0.27	9.18	7.88	6.59	5.91
LT loans and advances	0.1	0.0	0.0	0.0	0.0
Other non-current assets	42.48	5.53	4.4	4.62	4.42
Current assets +	38.31	76.3	77.15	80.37	83.69
Inventories	0.17	0.19	0.28	0.29	0.17
Trade receivables	5.2	4.72	6.49	6.37	7.35
Cash and cash equivalents	2.33	5.1	5.28	6.47	6.77
ST loans and advances	0.04	0.0	0.43	0.73	0.16
Other current assets	30.57	66.29	64.67	66.51	69.24
Total assets

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	12.9	13.5	14.0	84.0	84.0
Reserves	1,178.3	1,899.7	2,170.4	1,960.5	1,986.4
Borrowings +	136.7	236.4	307.0	477.1	730.5
Long term borrowings	97.7	92.8	154.0	113.6	47.2
Short term borrowings	39.0	143.6	152.9	363.5	683.4
Trade payables +	207.5	265.5	384.5	584.2	511.6
Days payable	1,345.0	2,416.0	2,971.0	3,637.0	2,025.0
Other liabilities +	3,031.5	3,863.9	4,527.6	4,804.1	5,737.5
Other non-current liabilities	72.6	91.2	140.4	154.8	172.6
Other current liabilities	2,958.9	3,772.7	4,387.1	4,649.3	5,565.0
Total liabilities	4,566.9	6,279.0	7,403.3	7,909.9	9,050.1
Fixed Assets +	1,027.6	1,140.6	1,366.3	1,187.0	1,076.7
Tangible assets	358.1	442.3	531.9	465.1	407.0
CWIP	47.8	122.0	251.4	201.0	134.2
Intangible assets	621.8	576.4	583.1	520.9	535.5
LT loans and advances	2.8	-	-	-	-
Other non-current assets	131.6	347.4	325.5	365.0	399.9
Current assets +	3,404.8	4,790.9	5,711.5	6,357.9	7,573.6
Inventories	3.5	11.8	20.9	23.2	17.7
Trade receivables	360.1	296.2	480.7	511.9	671.3
Cash and cash equivalents	70.9	320.4	390.6	511.9	617.1
ST loans and advances	0.8	0.3	31.8	54.8	1.4
Other current assets	2,969.5	4,162.3	4,787.5	5,256.1	6,266.0
Total assets	4,566.9	6,279.0	7,403.3	7,909.9	9,050.1

Percentage of assets	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	0.28	0.22	0.19	1.06	0.93
Reserves	25.8	30.25	29.32	24.78	21.95
Borrowings +	2.99	3.76	4.15	6.03	8.07
Long term borrowings	2.14	1.48	2.08	1.44	0.52
Short term borrowings	0.85	2.29	2.07	4.6	7.55
Trade payables	4.54	4.23	5.19	7.39	5.65
Other liabilities +	70.92	65.77	66.35	68.12	69.05
Other non-current liabilities	1.59	1.45	1.9	1.96	1.91
Other current liabilities	64.79	60.08	59.26	58.78	61.49
Total liabilities
Fixed Assets +	22.5	18.17	18.46	15.01	11.9
Tangible assets	7.84	7.04	7.18	5.88	4.5
CWIP	1.05	1.94	3.4	2.54	1.48
Intangible assets	13.61	9.18	7.88	6.59	5.92
LT loans and advances	0.06	0.0	0.0	0.0	0.0
Other non-current assets	2.88	5.53	4.4	4.61	4.42
Current assets +	74.56	76.3	77.15	80.38	83.68
Inventories	0.08	0.19	0.28	0.29	0.2
Trade receivables	7.89	4.72	6.49	6.47	7.42
Cash and cash equivalents	1.55	5.1	5.28	6.47	6.82
ST loans and advances	0.02	0.0	0.43	0.69	0.02
Other current assets	65.02	66.29	64.67	66.45	69.24
Total assets

Total assets

Profit & Loss

Standalone

Consolidated

₹

** All numbers in INR crores

	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

Precentage of total income	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Sales	95.39	97.32	96.46	95.19	94.23
Expenses +	117.21	107.77	105.62	117.46	96.55
Cost of goods	11.25	4.19	3.56	3.99	3.28
Employee cost	49.65	47.09	45.7	45.45	38.87
Other costs	27.38	33.11	35.86	40.0	38.35
Operating profit	7.1	12.94	11.35	5.74	13.72
Other income	4.61	2.68	3.54	4.81	5.77
Interest	4.06	2.47	2.53	4.19	4.15
Depreciation	24.87	20.91	17.98	23.82	11.9
Exceptional items	0.0	0.0	0.0	0.0	0.0
Profit before tax	-17.21	-7.77	-5.62	-17.46	3.45
Tax	-4.32	-5.42	-1.4	-3.85	0.88
Profit - disc. ops	0.0	0.0	0.0	0.0	0.0
Net profit	-12.89	-2.36	-4.23	-13.6	2.57

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Sales +	650.0	932.3	1,280.5	1,317.5	1,638.0
Sales growth %	-28.83	43.43	37.35	2.88	24.33
Expenses +	757.5	1,032.5	1,402.2	1,623.9	1,676.8
Cost of goods	56.3	40.1	47.2	58.6	92.2
Employee cost	311.1	451.1	606.7	625.4	659.1
Other costs	192.8	328.9	476.1	554.4	653.3
Operating profit +	89.8	112.2	150.6	79.1	233.4
Operating margin %	13.8	12.0	11.8	6.0	14.2
Other income	33.4	25.6	47.0	66.2	97.1
Interest	22.2	23.7	33.5	57.6	70.3
Depreciation	175.1	188.7	238.7	327.8	201.8
Exceptional items	-	-	-	-	-
Profit before tax	-74.1	-74.5	-74.7	-240.2	58.3
Tax	-18.2	-51.9	-18.6	-53.0	15.2
Profit - disc. ops	-	-	-	-	-
Net profit	-55.9	-22.6	-56.2	-187.2	43.1
Net margin %	-8.2	-2.4	-4.2	-13.5	2.5

Precentage of total income	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Sales	95.12	97.32	96.46	95.21	94.4
Expenses +	110.84	107.78	105.63	117.36	96.64
Cost of goods	8.24	4.19	3.56	4.24	5.31
Employee cost	45.53	47.09	45.7	45.19	37.99
Other costs	28.21	34.34	35.86	40.07	37.65
Operating profit	13.14	11.71	11.34	5.72	13.45
Other income	4.88	2.68	3.54	4.79	5.6
Interest	3.25	2.47	2.53	4.17	4.05
Depreciation	25.62	19.7	17.98	23.69	11.63
Exceptional items	0.0	0.0	0.0	0.0	0.0
Profit before tax	-10.84	-7.78	-5.63	-17.36	3.36
Tax	-2.67	-5.42	-1.4	-3.83	0.88
Profit - disc. ops	0.0	0.0	0.0	0.0	0.0
Net profit	-8.17	-2.36	-4.23	-13.53	2.49

Revenue from operations

Ratios

Standalone

Consolidated

	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

	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	0.0	0.0	0.0	0.1	0.1
Total Assets/Equity	3.8	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	4.0	4.7	4.5	1.4	3.3
Performance
Gross Margin	91.3	95.7	96.3	95.5	94.4
Operating Margin	13.8	12.0	11.8	6.0	14.2
Net Margin	-8.2	-2.4	-4.2	-13.5	2.5
Return +
Return on Equity	-4.7	-1.2	-2.6	-9.2	2.1
Pre-tax ROCE	-7.0	-4.4	-4.1	-12.8	1.7
Return on Assets	-1.2	-0.4	-0.8	-2.4	0.5
Pre-tax ROIC	-6.8	-4.0	-4.0	-12.2	1.4
Efficiency +
Days Payable	1,345.0	2,416.0	2,971.0	3,637.0	2,025.0
Days Inventory	23.0	107.0	161.0	145.0	70.0
Days Receivable	202.0	116.0	137.0	142.0	150.0
Fixed Asset Turnover	0.6	0.8	0.9	1.1	1.5
Total Asset Turnover	0.1	0.1	0.2	0.2	0.2
Working Capital
Cash Conversion Cycle	-1,120.0	-2,193.0	-2,673.0	-3,350.0	-1,805.0
Working Capital Days	112.0	238.0	224.0	211.0	181.0

Ratios

Current ratio

Debt/equity ratio

Charges on assets

As per information available, the company has no registered charges.

Company Network

Companies connected through Directors

Name	Status	Paid up Capital	Common Directors	Address
PINE LABS LIMITED.	Active	114.8 Cr	6	Haryana
DREAMPLUG TECHNOLOGIES PRIVATE LIMITED	Active	2,436.7 Cr	1	Maharashtra
CITRUS E-BIZ PAYMENTS PRIVATE LIMITED	Strike Off	1.0 L	1	Maharashtra
FIRST DATA SUPPORT SERVICES PRIVATE LIMI TED	Strike Off	1.0 L	1	Maharashtra
CITRUS PAYMENT SOLUTIONS PRIVATE LIMITED	Amalgamated	1.7 Cr	1	Maharashtra
FINCARE BUSINESS SERVICES LIMITED	Active	33.1 Cr	1	Gujarat
NIVA BUPA HEALTH INSURANCE COMPANY LIMITED	Active	1,718.9 Cr	1	Delhi
FEDBANK FINANCIAL SERVICES LIMITED	Active	372.8 Cr	1
INTEGRACE PRIVATE LIMITED	Active	614.9 Cr	1	Karnataka
PINE LABS PRIVATE LIMITED.	Active	84.0 Cr	1	Haryana
PLAI TECHNOLOGY PRIVATE LIMITED	Active	1.0 L	1	Delhi
VALUEFIRST DIGITAL MEDIA PRIVATE LIMITED	Active	17.8 L	1	Delhi
ITYUKT DIGITAL SOLUTIONS LLP	Active	50,000.0	1	Pradesh
VISTAAR FINANCIAL SERVICES PRIVATE LIMITED	Active	97.1 Cr	1	Karnataka
MAX HEALTHCARE INSTITUTE LIMITED	Active	972.2 Cr	1	Maharashtra
INDIA1 PAYMENTS LIMITED	Active	16.2 Cr	1	Karnataka
STERLITE TECHNOLOGIES LIMITED	Active	97.6 Cr	1	Maharashtra
KARIX MOBILE PRIVATE LIMITED	Amalgamated	3.5 Cr	1	Telangana
UNITED SPIRITS LIMITED	Active	145.5 Cr	1	Karnataka
TRIVENI TURBINE LIMITED	Active	31.8 Cr	1	Uttar Pradesh
ABB INDIA LIMITED	Active	42.4 Cr	1	Karnataka
AMICA FINANCE PRIVATE LIMITED	Active	40.5 Cr	1	Maharashtra
ARTHAN FINANCE PRIVATE LIMITED	Active	22.6 Cr	1	Maharashtra
CHANDAN STEEL LIMITED	Active	21.8 Cr	1	Maharashtra

Tofler Score

Good

Poor

Fair

Good

Very Good

Excellent

Risk

Severe Risk

VERY LOW INTEREST COVERAGE

Moderate Risk

HIGH LEVERAGE
LOW ROCE

Low Risk

No risks identified

About Tofler Score

Tofler Score measures the quality of performance and integrity of a company. It is dependent on three key factors - Sustainability, Governance, and Growth.

CIN

L67100HR1998PLC113312

Incorporation

1998, 28.3 years

Company Email

cosecy@pinelabs.com

Paid up Capital

₹ 115.4 Cr

Authorised Capital

₹ 205.9 Cr

AGM

Sep 2025

Type

Public

Others

FAQ - PINE LABS LIMITED.

What is the incorporation date of PINE LABS LIMITED.?

The incorporation date of PINE LABS LIMITED. is 18 May, 1998

What is the authorized share capital of PINE LABS LIMITED.?

The authorized share capital of PINE LABS LIMITED. is INR ₹ 205.9 Cr.

What is the paid-up capital of PINE LABS LIMITED.?

The paid-up capital of PINE LABS LIMITED. is INR ₹ 115.4 Cr.

What is the registered address of PINE LABS LIMITED.?

The registered address of PINE LABS LIMITED. is UNIT NO. 408, 4TH FLOOR TIME TOWER, MG ROAD Dlf Qe Haryana - 122002

What is the CIN number of PINE LABS LIMITED.?

The CIN number of PINE LABS LIMITED. is L67100HR1998PLC113312.

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Tofler, TWS Systems Private Limited and its officers respect the Intellectual Property Rights of all people. Tofler makes no claim of ownership or affiliation with any trademark (REGISTERED OR UNREGISTERED) that forms part of any Company/LLP name listed on this page. Trademarks, if any, listed on this page belong to... Read More

PINE LABS LIMITED.

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