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Pine Labs Private Limited.
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Registered Details

PINE LABS PRIVATE LIMITED.

www.pinelabs.com

Active

Updated: 05 Nov 2024

The company is a provider of retail POS (Point of sale) solutions that simplify payment acceptance.

Pine Labs Private Limited., is an unlisted private company incorporated on 18 May, 1998. It is classified as a private limited company and is located in Gurgaon, Haryana. It's authorized share capital is INR 84.29 cr and the total paid-up capital is INR 84.00 cr.

Industry

Finance

Products

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

Key Metrics

** All rupee values in INR crores. Based on March 2024 numbers.

Sales

2.27%

₹ 1,309.6

EBITDA

-47.55%

₹ 79.0

Net Profit

₹ -187.2

Networth

-6.4%

₹ 2,044.7

Borrowings

55.4%

₹ 477.0

Assets

6.74%

₹ 7,902.6

Gross Margin

-0.5

95.8 %

Operating Margin

-5.73

6.0 %

Net Profit Margin

-9.37

-13.6 %

Return on Equity

-6.58

-9.2 %

ROCE

-8.68

-12.8 %

Debt to Equity

0.09

0.2

Sales

Mar 2024

Net worth

Mar 2024

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Locations

India (39)

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Tofler Score

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Fair

Good

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Excellent

Risk

Severe Risk

VERY LOW INTEREST COVERAGE

Moderate Risk

LOSS MAKING
LOW ROCE
PAYABLES DETERIORATING

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.

Financial Highlights

** All numbers in INR crores

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales	689.3	460.4	932.3	1,280.5	1,309.6
Operating profit	47.3	34.3	123.9	150.6	79.0
Net profit	-57.7	-62.2	-22.6	-56.1	-187.2
Gross margin	63.6	88.2	95.7	96.3	95.8
Operating margin	6.9	7.5	13.3	11.8	6.0
Net margin	-8.2	-12.9	-2.4	-4.2	-13.6
Networth	1,077.7	1,198.8	1,913.3	2,184.5	2,044.7
Borrowings	98.4	107.5	236.4	307.0	477.0
Assets	1,580.6	2,106.6	6,279.0	7,403.4	7,902.6
Debt to equity	0.1	0.1	0.1	0.1	0.2
Current ratio	0.9	1.1	1.1	1.2	1.1
ROE	-5.4	-5.2	-1.2	-2.6	-9.2
Days payable	60.0	391.0	2,415.0	2,971.0	3,834.0
WC days	-13.0	45.0	238.0	224.0	212.0

Margins

Gross margin

Operating margin

Net margin

Balance Sheet

Standalone

Consolidated

₹

** All numbers in INR crores

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	12.0	12.9	13.5	14.0	84.0
Reserves	1,065.7	1,186.0	1,899.8	2,170.5	1,960.7
Borrowings +	98.4	107.5	236.4	307.0	477.0
Long term borrowings	97.4	97.7	92.8	154.0	113.6
Short term borrowings	1.0	9.8	143.6	152.9	363.4
Trade payables +	40.9	58.2	265.4	384.4	576.7
Days payable	60.0	391.0	2,415.0	2,971.0	3,834.0
Other liabilities +	404.5	800.3	4,129.3	4,912.0	5,380.9
Other non-current liabilities	52.1	59.5	91.2	140.4	154.8
Other current liabilities	311.4	682.6	3,772.7	4,387.1	4,649.3
Total liabilities	1,580.6	2,106.6	6,279.0	7,403.4	7,902.6
Fixed Assets +	385.0	402.6	1,140.6	1,366.3	1,186.5
Tangible assets	329.5	350.2	442.3	531.9	465.1
CWIP	49.7	46.7	122.0	251.4	201.0
Intangible assets	5.7	5.7	576.4	583.1	520.4
LT loans and advances	3.5	2.0	-	-	-
Other non-current assets	862.6	894.9	347.4	325.5	365.0
Current assets +	329.5	807.0	4,790.9	5,711.6	6,351.1
Inventories	3.3	3.5	11.8	20.9	22.7
Trade receivables	102.3	109.6	296.2	480.7	503.7
Cash and cash equivalents	121.6	49.1	320.4	390.6	511.1
ST loans and advances	1.0	0.8	0.3	31.9	57.8
Other current assets	101.4	644.0	4,162.3	4,787.5	5,255.8
Total assets	1,580.6	2,106.6	6,279.0	7,403.4	7,902.6

Percentage of assets	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	0.76	0.61	0.22	0.19	1.06
Reserves	67.42	56.3	30.26	29.32	24.81
Borrowings +	6.23	5.1	3.76	4.15	6.04
Long term borrowings	6.16	4.64	1.48	2.08	1.44
Short term borrowings	0.07	0.47	2.29	2.07	4.6
Trade payables	2.59	2.76	4.23	5.19	7.3
Other liabilities +	25.59	37.99	65.76	66.35	68.09
Other non-current liabilities	3.3	2.82	1.45	1.9	1.96
Other current liabilities	19.7	32.4	60.08	59.26	58.83
Total liabilities
Fixed Assets +	24.36	19.11	18.17	18.46	15.01
Tangible assets	20.85	16.63	7.04	7.18	5.88
CWIP	3.15	2.22	1.94	3.4	2.54
Intangible assets	0.36	0.27	9.18	7.88	6.59
LT loans and advances	0.22	0.1	0.0	0.0	0.0
Other non-current assets	54.58	42.48	5.53	4.4	4.62
Current assets +	20.85	38.31	76.3	77.15	80.37
Inventories	0.21	0.17	0.19	0.28	0.29
Trade receivables	6.47	5.2	4.72	6.49	6.37
Cash and cash equivalents	7.69	2.33	5.1	5.28	6.47
ST loans and advances	0.06	0.04	0.0	0.43	0.73
Other current assets	6.41	30.57	66.29	64.67	66.51
Total assets

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	12.0	12.9	13.5	14.0	84.0
Reserves	1,000.6	1,178.3	1,899.7	2,170.4	1,960.5
Borrowings +	128.3	136.7	236.4	307.0	477.1
Long term borrowings	97.4	97.7	92.8	154.0	113.6
Short term borrowings	31.0	39.0	143.6	152.9	363.5
Trade payables +	104.3	207.5	265.5	384.5	584.2
Days payable	145.0	1,345.0	2,416.0	2,971.0	3,637.0
Other liabilities +	2,144.8	3,239.0	4,129.4	4,912.0	5,388.4
Other non-current liabilities	76.7	72.6	91.2	140.4	154.8
Other current liabilities	1,963.9	2,958.9	3,772.7	4,387.1	4,649.3
Total liabilities	3,285.8	4,566.9	6,279.0	7,403.3	7,909.9
Fixed Assets +	949.5	1,027.6	1,140.6	1,366.3	1,187.0
Tangible assets	287.7	358.1	442.3	531.9	465.1
CWIP	49.7	47.8	122.0	251.4	201.0
Intangible assets	612.1	621.8	576.4	583.1	520.9
LT loans and advances	5.2	2.8	-	-	-
Other non-current assets	162.4	131.6	347.4	325.5	365.0
Current assets +	2,168.6	3,404.8	4,790.9	5,711.5	6,357.9
Inventories	3.3	3.5	11.8	20.9	23.2
Trade receivables	218.6	360.1	296.2	480.7	511.9
Cash and cash equivalents	152.2	70.9	320.4	390.6	511.9
ST loans and advances	1.0	0.8	0.3	31.8	54.8
Other current assets	1,793.5	2,969.5	4,162.3	4,787.5	5,256.1
Total assets	3,285.8	4,566.9	6,279.0	7,403.3	7,909.9

Percentage of assets	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	0.36	0.28	0.22	0.19	1.06
Reserves	30.45	25.8	30.25	29.32	24.78
Borrowings +	3.91	2.99	3.76	4.15	6.03
Long term borrowings	2.96	2.14	1.48	2.08	1.44
Short term borrowings	0.94	0.85	2.29	2.07	4.6
Trade payables	3.17	4.54	4.23	5.19	7.39
Other liabilities +	65.28	70.92	65.77	66.35	68.12
Other non-current liabilities	2.33	1.59	1.45	1.9	1.96
Other current liabilities	59.77	64.79	60.08	59.26	58.78
Total liabilities
Fixed Assets +	28.9	22.5	18.17	18.46	15.01
Tangible assets	8.76	7.84	7.04	7.18	5.88
CWIP	1.51	1.05	1.94	3.4	2.54
Intangible assets	18.63	13.61	9.18	7.88	6.59
LT loans and advances	0.16	0.06	0.0	0.0	0.0
Other non-current assets	4.94	2.88	5.53	4.4	4.61
Current assets +	66.0	74.56	76.3	77.15	80.38
Inventories	0.1	0.08	0.19	0.28	0.29
Trade receivables	6.65	7.89	4.72	6.49	6.47
Cash and cash equivalents	4.63	1.55	5.1	5.28	6.47
ST loans and advances	0.03	0.02	0.0	0.43	0.69
Other current assets	54.59	65.02	66.29	64.67	66.45
Total assets

Total assets

Profit & Loss

Standalone

Consolidated

₹

** All numbers in INR crores

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales +	689.3	460.4	932.3	1,280.5	1,309.6
Sales growth %	43.77	-33.21	102.51	37.35	2.27
Expenses +	765.6	565.7	1,032.4	1,402.2	1,616.0
Cost of goods	250.8	54.3	40.1	47.2	54.9
Employee cost	227.9	239.7	451.1	606.7	625.4
Other costs	163.3	132.2	317.2	476.0	550.4
Operating profit +	47.3	34.3	123.9	150.6	79.0
Operating margin %	6.9	7.5	13.3	11.8	6.0
Other income	12.3	22.3	25.6	47.0	66.2
Interest	15.9	19.6	23.7	33.5	57.6
Depreciation	107.7	120.0	200.3	238.7	327.8
Exceptional items	-	-	-	-	-
Profit before tax	-64.0	-83.1	-74.5	-74.7	-240.2
Tax	-6.3	-20.8	-51.9	-18.6	-53.0
Profit - disc. ops	-	-	-	-	-
Net profit	-57.7	-62.2	-22.6	-56.1	-187.2
Net margin %	-8.2	-12.9	-2.4	-4.2	-13.6

Precentage of total income	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales	98.25	95.39	97.32	96.46	95.19
Expenses +	109.12	117.21	107.77	105.62	117.46
Cost of goods	35.75	11.25	4.19	3.56	3.99
Employee cost	32.48	49.65	47.09	45.7	45.45
Other costs	23.28	27.38	33.11	35.86	40.0
Operating profit	6.74	7.1	12.94	11.35	5.74
Other income	1.75	4.61	2.68	3.54	4.81
Interest	2.26	4.06	2.47	2.53	4.19
Depreciation	15.36	24.87	20.91	17.98	23.82
Exceptional items	0.0	0.0	0.0	0.0	0.0
Profit before tax	-9.12	-17.21	-7.77	-5.62	-17.46
Tax	-0.89	-4.32	-5.42	-1.4	-3.85
Profit - disc. ops	0.0	0.0	0.0	0.0	0.0
Net profit	-8.23	-12.89	-2.36	-4.23	-13.6

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales +	913.4	650.0	932.3	1,280.5	1,317.5
Sales growth %	90.51	-28.83	43.43	37.35	2.88
Expenses +	1,024.9	757.5	1,032.5	1,402.2	1,623.9
Cost of goods	262.6	56.3	40.1	47.2	58.6
Employee cost	315.3	311.1	451.1	606.7	625.4
Other costs	268.5	192.8	328.9	476.1	554.4
Operating profit +	67.0	89.8	112.2	150.6	79.1
Operating margin %	7.3	13.8	12.0	11.8	6.0
Other income	20.7	33.4	25.6	47.0	66.2
Interest	17.9	22.2	23.7	33.5	57.6
Depreciation	160.6	175.1	188.7	238.7	327.8
Exceptional items	-	-	-	-	-
Profit before tax	-90.8	-74.1	-74.5	-74.7	-240.2
Tax	56.1	-18.2	-51.9	-18.6	-53.0
Profit - disc. ops	-	-	-	-	-
Net profit	-146.9	-55.9	-22.6	-56.2	-187.2
Net margin %	-15.7	-8.2	-2.4	-4.2	-13.5

Precentage of total income	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales	97.78	95.12	97.32	96.46	95.21
Expenses +	109.72	110.84	107.78	105.63	117.36
Cost of goods	28.11	8.24	4.19	3.56	4.24
Employee cost	33.75	45.53	47.09	45.7	45.19
Other costs	28.74	28.21	34.34	35.86	40.07
Operating profit	7.18	13.14	11.71	11.34	5.72
Other income	2.22	4.88	2.68	3.54	4.79
Interest	1.92	3.25	2.47	2.53	4.17
Depreciation	17.19	25.62	19.7	17.98	23.69
Exceptional items	0.0	0.0	0.0	0.0	0.0
Profit before tax	-9.72	-10.84	-7.78	-5.63	-17.36
Tax	6.01	-2.67	-5.42	-1.4	-3.83
Profit - disc. ops	0.0	0.0	0.0	0.0	0.0
Net profit	-15.73	-8.17	-2.36	-4.23	-13.53

Revenue from operations

Ratios

Standalone

Consolidated

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Solvency +
Total Debt/Equity	0.1	0.1	0.1	0.1	0.2
Net Debt/Equity	0.0	0.1	0.0	0.0	0.0
Total Debt/Assets	0.1	0.1	0.0	0.0	0.1
Total Assets/Equity	1.5	1.8	3.3	3.4	3.9
Liquidity +
Current Ratio	0.9	1.1	1.1	1.2	1.1
Quick Ratio	0.9	1.1	1.1	1.2	1.1
Interest Coverage	3.0	1.8	5.2	4.5	1.4
Performance
Gross Margin	63.6	88.2	95.7	96.3	95.8
Operating Margin	6.9	7.5	13.3	11.8	6.0
Net Margin	-8.2	-12.9	-2.4	-4.2	-13.6
Return +
Return on Equity	-5.4	-5.2	-1.2	-2.6	-9.2
Pre-tax ROCE	-16.7	-18.7	-4.4	-4.1	-12.8
Return on Assets	-3.6	-3.0	-0.4	-0.8	-2.4
Pre-tax ROIC	-5.6	-6.8	-4.0	-4.0	-12.2
Efficiency +
Days Payable	60.0	391.0	2,415.0	2,971.0	3,834.0
Days Inventory	5.0	24.0	107.0	161.0	151.0
Days Receivable	54.0	87.0	116.0	137.0	140.0
Fixed Asset Turnover	1.8	1.1	0.8	0.9	1.1
Total Asset Turnover	0.4	0.2	0.1	0.2	0.2
Working Capital
Cash Conversion Cycle	-1.0	-280.0	-2,192.0	-2,673.0	-3,543.0
Working Capital Days	-13.0	45.0	238.0	224.0	212.0

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Solvency +
Total Debt/Equity	0.1	0.1	0.1	0.1	0.2
Net Debt/Equity	0.0	0.1	0.0	0.0	0.0
Total Debt/Assets	0.0	0.0	0.0	0.0	0.1
Total Assets/Equity	3.2	3.8	3.3	3.4	3.9
Liquidity +
Current Ratio	1.0	1.1	1.1	1.2	1.1
Quick Ratio	1.0	1.1	1.1	1.2	1.1
Interest Coverage	3.7	4.0	4.7	4.5	1.4
Performance
Gross Margin	71.2	91.3	95.7	96.3	95.5
Operating Margin	7.3	13.8	12.0	11.8	6.0
Net Margin	-15.7	-8.2	-2.4	-4.2	-13.5
Return +
Return on Equity	-14.5	-4.7	-1.2	-2.6	-9.2
Pre-tax ROCE	-9.2	-7.0	-4.4	-4.1	-12.8
Return on Assets	-4.5	-1.2	-0.4	-0.8	-2.4
Pre-tax ROIC	-9.2	-6.8	-4.0	-4.0	-12.2
Efficiency +
Days Payable	145.0	1,345.0	2,416.0	2,971.0	3,637.0
Days Inventory	5.0	23.0	107.0	161.0	145.0
Days Receivable	87.0	202.0	116.0	137.0	142.0
Fixed Asset Turnover	1.0	0.6	0.8	0.9	1.1
Total Asset Turnover	0.3	0.1	0.1	0.2	0.2
Working Capital
Cash Conversion Cycle	-53.0	-1,120.0	-2,193.0	-2,673.0	-3,350.0
Working Capital Days	28.0	112.0	238.0	224.0	211.0

Ratios

Current ratio

Debt/equity ratio

Charges on assets

Bank wise

Charges

HDFC Bank Limited

No. of Loans: 1

Total Amount : 390.9 cr

ICICI Bank Limited

No. of Loans: 3

Total Amount : 170.0 cr

Axis Bank Limited

No. of Loans: 1

Total Amount : 124.0 cr

IndusInd Bank Limited

No. of Loans: 2

Total Amount : 105.0 cr

CitiBank N.A.

No. of Loans: 1

Total Amount : 81.0 cr

Charge Holder	Amount	Date of creation/modification
Axis Bank Limited	124.0 cr	07 Aug, 2024
ICICI Bank Limited	70.0 cr	18 Jul, 2024
HDFC Bank Limited	390.9 cr	05 Jun, 2024
IndusInd Bank Limited	5.0 cr	27 Dec, 2023
CitiBank N.A.	81.0 cr	21 Sep, 2023
IndusInd Bank Limited	100.0 cr	21 Sep, 2023
ICICI Bank Limited	50.0 cr	29 Sep, 2022
ICICI Bank Limited	50.0 cr	25 Apr, 2022

Charges

HDFC Bank Limited

ICICI Bank Limited

Axis Bank Limited

IndusInd Bank Limited

Others

People

Designation	Name	DIN/PAN	Tenure
Director	Indresh Kumar Gupta	07488823	3 years
Director	Kush Mehra	08154941	7 years
Director	Tanya Mohan Naik	09026504	3 years
Kmp	Isha Jaiswal	<HIDDEN>	2 years

Company Network

Companies connected through Directors

Name	Status	Paid up Capital	Common Directors	Address
EASYTOBOOK TRAVEL SERVICES PRIVATE LIMITED	Active	11.5 L	1	Delhi
QWIKCILVER SOLUTIONS PRIVATE LIMITED	Amalgamated	3.0 Cr	1	Delhi
CULTUREFIRST CONSULTING PRIVATE LIMITED	Active	1.0 L	1	Maharashtra

Registered Details

CIN

U67100HR1998PTC113312

PAN

AACCP7457K

Incorporation

1998, 26.9 years

Company Email

cosecy@pinelabs.com

Paid up Capital

₹ 84.0 Cr

Authorised Capital

₹ 84.3 Cr

AGM

Sep 2024

Type

Private

Non-government Company

FAQ - PINE LABS PRIVATE LIMITED.

What is the incorporation date of PINE LABS PRIVATE LIMITED.?

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

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

The authorized share capital of PINE LABS PRIVATE LIMITED. is INR ₹ 84.3 Cr.

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

The paid-up capital of PINE LABS PRIVATE LIMITED. is INR ₹ 84.0 Cr.

What is the registered address of PINE LABS PRIVATE LIMITED.?

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

What is the CIN number of PINE LABS PRIVATE LIMITED.?

The CIN number of PINE LABS PRIVATE LIMITED. is U67100HR1998PTC113312.

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