# Pine Labs share price today (Pine Labs Ltd, NSE: PINELABS)

> Pine Labs share price today: ₹155.88 at the NSE close on 3 November 2026, down 37.9% in a year. Pine Labs (NSE: PINELABS) is worth ₹18,030 crore, trades at a P/E of 111.0 and has closed between ₹137.94 and ₹250.89 over the past 52 weeks. > Pine Labs Ltd's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. PINELABS · E-Commerce - Platform - Utility · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/pine-labs-ltd

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## Key numbers

- Price: ₹155.88 (−37.9% in a year)
- P/E: 111.0× (lower than 99% of the last 5 months)
- Revenue (Sep 2026): ₹806 Cr (+24.0% on a year ago)
- Profit (Sep 2026): ₹39.0 Cr (+550.0% on a year ago)
- Operating margin: 16.0% (+4.0 points on a year ago)
- ROCE: 4%, FY26

Biggest thing to watch: the price is not yet in a clear uptrend, so timing is the risk more than the business. ## What is the Pine Labs share price today? Pine Labs Ltd's share price was ₹155.88 at the close on 3 November 2026. It has been falling for 51 weeks. That is 12.7% 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 16% of the way up from that low. 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 −38% 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. ## What changed at Pine Labs this quarter? 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. ## What are Pine Labs' latest quarterly results? 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

| Measure | July to September 2026 | July to September 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹806 crore | ₹650 crore | +24.0% |
| Profit | ₹39.0 crore | ₹6.00 crore | +550.0% |
| Earnings per share | ₹0.33 | ₹0.13 | +153.8% |
| Operating margin | 16.0% | 12.0% | +4.0 points |

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.)

## What is the Pine Labs share price history? Pine Labs closed at ₹155.88 on 3 November 2026, down 37.9% 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

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹154.57 | +0.8% |
| 1 month ago · 1 Oct 2026 | ₹167.59 | −7.0% |
| 6 months ago · 30 Apr 2026 | ₹193.71 | −19.5% |
| 1 year ago · 14 Nov 2025 | ₹250.89 | −37.9% |
| Earliest and highest weekly close in our records · 14 Nov 2025 | ₹250.89 | −37.9% |
| Lowest weekly close since November 2025 · 31 Jul 2026 | ₹138.97 | +12.2% |

Weekly closing prices. Each change is the move from that price to the 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (55 weekly closes from 14 November 2025 to 3 November 2026.)

## What is the latest news on Pine Labs? 3 Nov 2026: Pine Labs closed at ₹155.88, up 0.8% on the week and down 7.0% 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. ## What dividend does Pine Labs pay? 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 4 November 2026.)

## What did Pine Labs management say on the latest results call? 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](https://files.tijoristack.ai/concall/transcript/59126-29-Oct-2026.pdf). (From the call for July to September 2026, 29 October 2026.)

## What to watch in Pine Labs' next results? 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. - What to check (from the call)
- Diwali festive conversion and affordability breadth beyond electronics after strong Dussehra start with bank offer execution in focus. - Employee tax-benefit card rollout in flagged launch window and early corporate adoption signals to diversify issuing beyond transit and gaming. - Captive soundbox harvest for full wallet share and second-half earnings step-up versus first half alongside raised growth delivery. ## Which stock lists is Pine Labs on? Pine Labs is on one of our India lists: Small & mid cap stocks. [Small & mid cap stocks Size rank in India: 377](https://www.sectoralpha.in/small-cap-stocks-india)

## Is Pine Labs profitable? 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. 5 of the last 11 reported quarters were loss-making. ## How much revenue does Pine Labs make, and is it growing? 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. 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. ## How much of every ₹100 of sales does Pine Labs keep? 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. 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. ## Is Pine Labs' profit turning into cash? 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. 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. ## Where does Pine Labs' cash go? 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. 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. ## What is Pine Labs' P/E ratio, and how does it compare with its own history? Pine Labs Ltd's P/E is 111.0×, 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. In short: the multiple is low against its own past, so the earnings trend underneath matters more than the multiple. ## Is the Pine Labs business getting better or worse? 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. 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. ## How much does Pine Labs earn on its capital? 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. 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. ## Does Pine Labs have too much debt? 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. ## What is the Pine Labs shareholding pattern? 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. ## How far is Pine Labs from balance-sheet trouble? 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. ## How does Pine Labs rank in its industry? 58.5 out of 100, rank 5 of 13 in E-Commerce - Platform - Utility, with 63% of the evidence available. Pine Labs Ltd scores 58.5 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 + 11.7 + 11.3 = 58.5 (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. ## Which companies is Pine Labs compared with? Pine Labs ranks 5 of 13 E-Commerce - Platform - Utility companies on the 4-Factor Sector Score, with 58.5 out of 100. 1. [MPS Ltd](https://www.sectoralpha.in/stocks/mps-ltd) MPSLTD · losing its lead · Most evidence points up · 81% evidence 66.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.9/35 · Revenue 10% · Profit 19% · Operating margin change 7 points · 88% evidence Capital efficiency 20.9/25 · ROCE 38.7% · Operating margin 34% · 100% evidence Valuation 13.5/20 · P/E 21.7× · PEG 0.61 · 100% evidence Relative strength 11.6/20 · Lead over its industry n/a · Lead over NIFTY 500 18.4% · 1 year 6.8% · 25% evidence · 10 of 12 weeks ahead Exact sum: 20.9 + 20.9 + 13.5 + 11.6 = 66.9 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 2. [Creative Newtech Ltd](https://www.sectoralpha.in/stocks/creative-newtech-ltd) CNL · leader · Evidence leans up · 82% evidence 61.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.6/35 · Revenue 36.4% · Profit 35% · Operating margin change 1.5 points · 95% evidence Capital efficiency 14.2/25 · ROCE 18.8% · Operating margin 5% · 76% evidence Valuation 11.2/20 · P/E 20.7× · PEG n/a · 50% evidence Relative strength 14.0/20 · Lead over its industry 30.8% · Lead over NIFTY 500 44.1% · 1 year 60% · 100% evidence · 12 of 12 weeks ahead Exact sum: 21.6 + 14.2 + 11.2 + 14 = 61 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. [Macfos Ltd](https://www.sectoralpha.in/stocks/macfos-ltd) turning · Evidence leans up · 80% evidence 60.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.0/35 · Revenue 28.5% · Profit 40.5% · Operating margin change 0.6 points · 95% evidence Capital efficiency 18.2/25 · ROCE 33.8% · Operating margin 11.7% · 95% evidence Valuation 9.9/20 · P/E 41× · PEG n/a · 15% evidence Relative strength 13.4/20 · Lead over its industry 12.5% · Lead over NIFTY 500 26.2% · 1 year 64.7% · 100% evidence · 3 of 12 weeks ahead Exact sum: 19 + 18.2 + 9.9 + 13.4 = 60.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [MSTC Ltd](https://www.sectoralpha.in/stocks/mstc-ltd) MSTCLTD · quiet · Evidence leans up · 63% evidence 58.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.3/35 · Revenue 21% · Profit -42.9% · Operating margin change 5 points · 83% evidence Capital efficiency 20.1/25 · ROCE 30.3% · Operating margin 61% · 76% evidence Valuation 10.0/20 · P/E 16.1× · PEG n/a · 50% evidence Relative strength 9.3/20 · Lead over its industry n/a · Lead over NIFTY 500 3.9% · 1 year -1% · 25% evidence · 8 of 12 weeks ahead Exact sum: 19.3 + 20.1 + 10 + 9.3 = 58.7 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 5. Pine Labs Ltd this page PINELABS · breaking out · Evidence leans up · 63% evidence 58.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 35.5/43.75 · Revenue 21.1% · Profit 100% · Operating margin change 4 points · 100% evidence Capital efficiency 11.7/31.25 · ROCE 4.2% · Operating margin 16% · 100% evidence Valuation 11.3/25 · P/E 109× · PEG n/a · 15% evidence Relative strength: no reading this week · its 20 points are shared across the other three Exact sum: 35.5 + 11.7 + 11.3 = 58.5 (no relative-strength reading this week; its 20 points are shared across the other three) · What this means: There is no relative-strength reading for this week, so the score is built from earnings, capital efficiency and valuation alone. 6. [One 97 Communications Ltd](https://www.sectoralpha.in/stocks/one-97-communications-ltd) PAYTM · leader · Evidence leans up · 68% evidence 54.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 27.1/35 · Revenue 23.8% · Profit 100% · Operating margin change 3 points · 100% evidence Capital efficiency 6.3/25 · ROCE 5% · Operating margin 10% · 100% evidence Valuation 8.8/20 · P/E 125× · PEG n/a · 15% evidence Relative strength 12.2/20 · Lead over its industry n/a · Lead over NIFTY 500 31.1% · 1 year 25.4% · 25% evidence · 12 of 12 weeks ahead Exact sum: 27.1 + 6.3 + 8.8 + 12.2 = 54.4 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 7. [Indiamart Intermesh Ltd](https://www.sectoralpha.in/stocks/indiamart-intermesh-ltd) INDIAMART · quiet · Evidence leans up · 100% evidence 54.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 15.8/35 · Revenue 12% · Profit -7% · Operating margin change 4 points · 100% evidence Capital efficiency 19.0/25 · ROCE 28% · Operating margin 34% · 100% evidence Valuation 19.5/20 · P/E 17.8× · PEG 0.68 · 100% evidence Relative strength 0.0/20 · Lead over its industry -30.9% · Lead over NIFTY 500 -22% · 1 year -39.5% · 100% evidence · 0 of 12 weeks ahead Exact sum: 15.8 + 19 + 19.5 + 0 = 54.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 8. [RNFI Services Ltd](https://www.sectoralpha.in/stocks/rnfi-services-ltd) RNFI · breaking out · Too little evidence to rank firmly · 56% evidence 51.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 14.5/35 · Revenue 6.5% · Profit 34.1% · Operating margin change -0.8 points · 83% evidence Capital efficiency 15.5/25 · ROCE 27.3% · Operating margin 3.9% · 76% evidence Valuation 10.1/20 · P/E 28.2× · PEG n/a · 15% evidence Relative strength 11.0/20 · Lead over its industry n/a · Lead over NIFTY 500 12.1% · 1 year -13% · 25% evidence · 9 of 12 weeks ahead Exact sum: 14.5 + 15.5 + 10.1 + 11 = 51.1 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 9. [TBO Tek Ltd](https://www.sectoralpha.in/stocks/tbo-tek-ltd) TBOTEK · leader · Evidence leans down · 74% evidence 48.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.8/35 · Revenue 69% · Profit 14.2% · Operating margin change 1 points · 88% evidence Capital efficiency 16.7/25 · ROCE 18.3% · Operating margin 15% · 100% evidence Valuation 4.3/20 · P/E 61.8× · PEG 6.18 · 65% evidence Relative strength 10.7/20 · Lead over its industry n/a · Lead over NIFTY 500 9.9% · 1 year 3.3% · 25% evidence · 12 of 12 weeks ahead Exact sum: 16.8 + 16.7 + 4.3 + 10.7 = 48.5 · What this means: A strong business with a high valuation: it would need rising earnings, or a lower multiple, to score better on value. 10. [Info Edge (India) Ltd](https://www.sectoralpha.in/stocks/info-edge-indialtd) NAUKRI · losing its lead · Evidence leans down · 75% evidence 45.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.2/35 · Revenue 13.2% · Profit 33.5% · Operating margin change 4 points · 95% evidence Capital efficiency 9.8/25 · ROCE 3.5% · Operating margin 39% · 76% evidence Valuation 9.6/20 · P/E 46.6× · PEG n/a · 15% evidence Relative strength 4.5/20 · Lead over its industry -3.7% · Lead over NIFTY 500 7.1% · 1 year -13.7% · 100% evidence · 11 of 12 weeks ahead Exact sum: 21.2 + 9.8 + 9.6 + 4.5 = 45.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 11. [One Mobikwik Systems Ltd](https://www.sectoralpha.in/stocks/one-mobikwik-systems-ltd) MOBIKWIK · breaking out · Too little evidence to rank firmly · 56% evidence 43.0 out of 100 Growth Capital Valuation Relative
12. [Just Dial Ltd](https://www.sectoralpha.in/stocks/just-dial-ltd) JUSTDIAL · quiet · Evidence leans down · 78% evidence 41.8 out of 100 Growth Capital Valuation Relative
13. [Urban Company Ltd](https://www.sectoralpha.in/stocks/urban-company-ltd) URBANCO · breaking out · Too little evidence to rank firmly · 56% evidence 32.4 out of 100 Growth Capital Valuation Relative

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](https://www.sectoralpha.in/sectors/e-commerce-platform-utility), all 13 compared on one page. ## Which companies are close to Pine Labs in size? 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](https://www.sectoralpha.in/stocks/one-97-communications-ltd) ₹1,04,984 crore
2. [Info Edge (India) Ltd](https://www.sectoralpha.in/stocks/info-edge-indialtd) ₹77,136 crore
3. [Urban Company Ltd](https://www.sectoralpha.in/stocks/urban-company-ltd) ₹23,566 crore
4. Pine Labs Ltd ₹17,697 crore
5. [TBO Tek Ltd](https://www.sectoralpha.in/stocks/tbo-tek-ltd) ₹16,638 crore
6. [Indiamart Intermesh Ltd](https://www.sectoralpha.in/stocks/indiamart-intermesh-ltd) ₹8,944 crore
7. [Just Dial Ltd](https://www.sectoralpha.in/stocks/just-dial-ltd) ₹5,481 crore

[All 13 E-Commerce - Platform - Utility companies, largest first](https://www.sectoralpha.in/sectors/e-commerce-platform-utility#all-companies)

### Companies close in size in other industries

1. [OneSource Specialty Pharma Ltd](https://www.sectoralpha.in/stocks/onesource-specialty-pharma-ltd) ₹17,924 crore · Pharma - API & CRAMS
2. [EIH Ltd](https://www.sectoralpha.in/stocks/eih-ltd) ₹17,907 crore · Hotels
3. Pine Labs Ltd ₹17,697 crore
4. [Caplin Point Laboratories Ltd](https://www.sectoralpha.in/stocks/caplin-point-laboratories-ltd) ₹17,677 crore · Pharma - Formulators
5. [Chalet Hotels Ltd](https://www.sectoralpha.in/stocks/chalet-hotels-ltd) ₹17,643 crore · Hotels

## What else do people ask about Pine Labs? ### What is Pine Labs's share price today? Pine Labs Ltd's share price is ₹155.88, −37.9% over the past year. The whole company is worth ₹18,030 Cr on the market. In the last 52 weeks it traded between ₹138 to ₹251; today it is 16% of the way up from the low, 12.7% below its 200-day average (as of 3 November 2026). ### What were Pine Labs's latest quarterly results? Pine Labs Ltd reported revenue of ₹806 Cr and net profit of ₹39.0 Cr for the Sep 2026 quarter. Revenue rose 24.0% and profit rose 550.0% compared with a year earlier. Earnings per share were ₹0.33. The operating margin was 16.0%, 4.0 percentage points higher than a year earlier (as of 3 November 2026). ### What is Pine Labs's market cap? Pine Labs Ltd's market capitalisation is ₹18,030 Cr at a share price of ₹155.88. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Pine Labs performing? Pine Labs Ltd's share price has been falling for 51 weeks. In its latest quarter, revenue rose 24.0% and profit rose 550.0% compared with a year earlier. Over the past 13 weeks it has done better than the NIFTY 500, for 14 weeks running (as of 3 November 2026). ### Will Pine Labs's share price go up? This page does not forecast Pine Labs Ltd's share price. What it shows instead: the share price is ₹155.88, and it has been falling for 51 weeks. Its P/E of 111.0× is higher than 1% of its own last 0 years (as of 3 November 2026). ### Does Pine Labs have too much debt? No, Pine Labs Ltd has little debt: its debt is 0.07× its equity, and its operating profit is 4 times its interest bill. FY26 borrowings were ₹441 Cr against equity of ₹5,896 Cr. So the returns on this page come from the business, not borrowed money (as of 3 November 2026). ### Where is Pine Labs in its business cycle? Pine Labs Ltd's FY26 operating margin was 13.0%, against a 7-year range of −1.4% to 16.0%: the middle of its own range, neither a peak nor a low. The latest quarter was 16.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Pine Labs story? Biggest thing to watch: the price is not yet in a clear uptrend, so timing is the risk more than the business. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Pine Labs a stock worth studying right now? What the numbers show: Pine Labs Ltd's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. The main open question: the next one or two quarters of results. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ### Is there a Pine Labs share price forecast for 2026? What management itself guided: FY27 revenue growth above 23.5% top-end after strong first half and widening opportunity. ## Lists

- Small & mid cap stocks: https://www.sectoralpha.in/small-cap-stocks-india

This is research, not advice. We’re not SEBI-registered.