Pine Labs share price today

Pine Labs Ltd's share price was ₹157.77 at the close on 4 November 2026. It has been falling for 51 weeks. That is 11.7% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹138 and ₹251, and at that close it sat 18% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Pine Labs Ltd is in stage 4. The phase helps read everything below.

Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 14 weeks in a row.

Over the last 1 year the share price moved −37% while the NIFTY 500 moved −8%, so it is behind the index over that whole period. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Three changes stood out: indian funds and insurers (DIIs) raised their stake for 3 quarters in a row, revenue up on a year earlier for 5 quarters in a row (every quarter we can compare) and profit up on a year earlier for 5 quarters in a row (every quarter we can compare).

1. Indian funds and insurers (DIIs) raised their stake for 3 quarters in a row

   From 11.3% to 29.6% of the company by the September 2026 quarter.

2. Revenue up on a year earlier for 5 quarters in a row (every quarter we can compare)

   In the September 2026 quarter revenue was ₹806 crore, +24% on a year earlier.

   Why: Revenue rose because its offline, issuing and online businesses each grew faster than the market, so it took more of the market.

   Next results: check if Diwali shopping and bank offers keep sales growing after a strong Dussehra start.

   From the earnings call on 29 Oct 2026.

3. Profit up on a year earlier for 5 quarters in a row (every quarter we can compare)

   In the September 2026 quarter profit was ₹39 crore, +550% on a year earlier.

For July to September 2026 (the quarter ended 30 September 2026), Pine Labs reported revenue of ₹806 crore, up 24.0% from ₹650 crore a year earlier, and a profit of ₹39.0 crore, up 550.0% from ₹6.00 crore.

Pine Labs results: July to September 2026 against a year earlier

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

Pine Labs' management discussed these results on a call held on 29 October 2026; what it said is further down this page.

From the company's reported quarterly results (quarter ended 30 September 2026). Revenue and profit in ₹ crore.

Pine Labs closed at ₹157.77 on 4 November 2026, down 37.1% from ₹250.89 a year earlier (14 November 2025). Its highest weekly close since November 2025 was ₹250.89 on 14 November 2025.

Pine Labs share price: then and now

Weekly closing prices. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

55 weekly closes from 14 November 2025 to 4 November 2026.

4 Nov 2026: Pine Labs closed at ₹157.77, up 2.9% on the week and down 5.9% on the month. 29 Oct 2026: Pine Labs held its results call for July to September 2026. Management guided: FY27 revenue growth above 23.5% top-end after strong first half and widening opportunity.

Earlier

• Results for July to September 2026: Revenue up 24.0% and profit up 550.0% on a year earlier.

Pine Labs has paid no dividend on the NSE since its first NSE close in our records (14 November 2025), the start of the period we checked.

No. Pine Labs Ltd paid out 0% of its profit as dividends in each of its last 7 reported years, so there is no payout history to show. That comes from the filed annual statements, not an estimate.

From the NSE corporate-actions record, read 5 November 2026.

On the call for July to September 2026, held on 29 October 2026, Pine Labs' management guided: FY27 revenue growth above 23.5% top-end after strong first half and widening opportunity.

“We feel that this is the reason why we are confident that we will deliver revenue growth higher than the 23%, 23.5% that we discussed at the start of this year.”Amrish Rau, on the call for July to September 2026

What management guided

• FY27 adjusted operating margin at least 21% with second half much higher than first.
• UPI volumes approximately 70% growth for another year on point-of-sale base.
• At least 10 lakh additional soundboxes in captive base on transaction model with ₹125-130 rental not coexisting.
• Employee tax-benefit card launch by end-November to early December for corporate return.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for July to September 2026, 29 October 2026.

When Pine Labs reports October to December 2026, these are the 3 checks that show whether the story is still on course. First: Diwali festive conversion and affordability breadth beyond electronics after strong Dussehra start with bank offer execution in focus.

Pine Labs is on one of our India lists: Small & mid cap stocks.

Pine Labs Ltd earned ₹39.0 Cr of net profit in the Sep 2026 quarter, +550.0% on the same quarter a year earlier. That is the 2nd quarter in a row of profit growth. Full-year FY26 profit was ₹113 Cr. That is 4.8% of the quarter's revenue. The same quarter a year earlier earned ₹6.0 Cr.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

5 of the last 11 reported quarters were loss-making.

Pine Labs Ltd reported ₹806 Cr of revenue in the Sep 2026 quarter, +24.0% on the same quarter a year earlier. That is the 6th quarter in a row with growth on the year before. Over 6 years it has grown 21.4% a year on average. The last full year, FY26, came in at ₹2,711 Cr.

Revenue is everything the company billed its customers in the period.

The last four reported quarters add to ₹2,988 Cr.

FY26 revenue was ₹2,711 Cr, +19.2% on the year before.

Recent pace: the last four quarters grew +21.1% on average, against 21.4% a year over the longer run, so this year is growing at about the same pace as its own long-run rate.

Pine Labs Ltd's operating margin was 16.0% in the Sep 2026 quarter, 4.0 percentage points higher than the same quarter a year ago. Across 7 years it has been between −1.4% and 16.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed +4.0 percentage points on the year while gross margin changed −1.9 points. So the gain came mostly from costs below the gross margin, such as staff and overheads, measured against sales.

Pine Labs Ltd's cash-flow history is too short to judge how much of its profit turns into cash. In FY26 it brought in ₹395 Cr of operating cash against ₹113 Cr of profit. After ₹289 Cr of spending on assets, ₹106 Cr was left over as free cash.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building.

Pine Labs Ltd's customer, stock and supplier day counts come out in the thousands of days on sales this small (₹2,711 Cr in FY26), so no cash-cycle chart is drawn and this section looks at its spending on assets instead. It spent ₹557 Cr on assets over the last 3 years.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

Averaged over those years that is 6.8% of FY26 revenue a year.

Spending on assets: ₹557 Cr over the last 3 years, against ₹925 Cr of depreciation (the yearly wear and tear on existing assets). So it is spending about what it takes to replace what wears out, or less. Work still in progress is ₹148 Cr (FY26): assets paid for that are not earning yet.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

Pine Labs Ltd's P/E is 112.4×, about the lowest it has ever been. Its usual P/E (the middle reading) is 148.4×, over 5 months of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

In short: the multiple is low against its own past, so the earnings trend underneath matters more than the multiple.

Pine Labs Ltd's business trend cannot be read yet. There are fewer than eight usable quarters of growth figures, so there is not enough history to read the trend. This is based on 8 quarters of 1 measure, with some gaps.

Every business is somewhere on a path of getting better or worse, and this section names where. The last 12 quarters of growth in revenue, profit and earnings per share, plus the return the business earns on its capital, are read as lines. Getting worse: the lines are falling. Turning around: a low point has just formed and the last few quarters are rising from it. Getting better: the rise from the low has lasted. Growing steadily: steady growth with healthy returns. Slowing from a peak: still high, but slowing. When the lines disagree the result is mixed; too little history means no reading. CAGR (compound annual growth rate) is the steady yearly rate that would turn the starting value into the latest one. It is the fairest way to compare growth over different periods. If the 1-year figure is much bigger than the 10-year one, recent growth is running faster than the long-run trend. A dash means there is no figure for that period, or the starting year was a loss, where a growth rate means nothing.

Why it matters: with too little history, we say so rather than guess a direction.

One or more growth lines have an extreme jump caused by comparing with a near-zero or loss-making quarter. Those jumps are capped before reading and drawn at the edge of the chart, so one odd quarter does not decide the result.

There are fewer than eight usable quarters, so this page does not guess a direction from so little history.

Compound annual growth rate (%)

Compound annual growth rate over each period, %. Revenue, profit and EPS come from yearly figures; the share price row is price growth over the same periods. A dash means no figure for that period, or the starting year was a loss.

Pine Labs Ltd earned a ROCE of 4% in FY26. That is up from a low of −8% in FY24. Its return on capital used (ROIC) is 10.0 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses.

Return on capital employed (ROCE) is the profit the whole business earns on all the money in it, from shareholders and lenders together. It is the best single test of whether growth adds value or just size.

It comes from a 4.2% net margin and 0.20× asset turnover (sales divided by assets).

Why the return is what it is (FY26): a 4.2% net margin × 0.20× asset turnover × 2.25× leverage (assets divided by equity) ≈ 1.9% on equity. The margin does its share; borrowing is a big part of it.

The key test, return on capital used minus the cost of capital: 2.0% − 12.0% = −10.0 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve.

Pine Labs Ltd has total debt of ₹353 Cr against shareholder equity of ₹6,019 Cr as of Sep 2026, so its debt is 0.06× its equity, which is very little. Year by year, that ratio went from 0.18 in FY24 to 0.07 in FY26. So the returns on this page come from the business, not from borrowed money.

Debt-to-equity shows how much of the business is paid for with borrowed money. Lower is safer, and the direction matters as much as the level.

No group of Pine Labs Ltd's owners changed its stake by a full percentage point over the last 4 quarters. This uses the four owner groups that companies report every quarter; nothing is guessed between filings.

Who owns the company each quarter: promoters (the founders or controlling owners), foreign institutions, domestic institutions such as mutual funds, and the public. When people close to the business steadily raise their stake, that is worth noticing; a quiet list is also an answer.

For Pine Labs Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date.

The Z-score estimates how far a company is from balance-sheet trouble. Above about 3 is safe; below about 1.8 is the danger zone. It was built for manufacturers, so it is not used for banks and lenders.

58.1 out of 100, rank 5 of 13 in E-Commerce - Platform - Utility, with 63% of the evidence available.

Pine Labs Ltd scores 58.1 out of 100 against the 13 companies it is compared with in E-Commerce - Platform - Utility, ranking 5. There is no relative-strength reading for this week, so the score is built from earnings, capital efficiency and valuation alone.

The three scored parts add up to the total exactly: 35.5 + 11.3 + 11.3 = 58.1 (no relative-strength reading this week; its 20 points are shared across the other three). This is the same number shown on the industry page; it is worked out once for the whole group and read here.

What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector.

Pine Labs ranks 5 of 13 E-Commerce - Platform - Utility companies on the 4-Factor Sector Score, with 58.1 out of 100.

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read.

The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section.

Related companies: E-Commerce - Platform - Utility, all 13 compared on one page.

Pine Labs is the 4th largest of 13 E-Commerce - Platform - Utility companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: One 97 Communications, Info Edge (India) and Urban Company. Just below it: TBO Tek, Indiamart Intermesh and Just Dial.

E-Commerce - Platform - Utility companies close in size

1. One 97 Communications Ltd ₹1,04,984 crore
2. Info Edge (India) Ltd ₹77,136 crore
3. Urban Company Ltd ₹23,566 crore
4. Pine Labs Ltd ₹17,697 crore
5. TBO Tek Ltd ₹17,121 crore
6. Indiamart Intermesh Ltd ₹8,944 crore
7. Just Dial Ltd ₹5,481 crore

All 13 E-Commerce - Platform - Utility companies, largest first

Companies close in size in other industries

385. Aadhar Housing Finance Ltd ₹18,417 crore · Finance - Housing
386. OneSource Specialty Pharma Ltd ₹17,924 crore · Pharma - API & CRAMS
387. Pine Labs Ltd ₹17,697 crore
388. Caplin Point Laboratories Ltd ₹17,677 crore · Pharma - Formulators
389. Pfizer Ltd ₹17,655 crore · Pharma - MNC bulk Drugs

Sector Alpha, written by code from the published numbers. Data as of 4 November 2026.

Every chart on this page is drawn by code from the published figures, with no forecasts and no price opinions.

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