Pine Labs Ltd. benchmarking: Perfomance to industry peers

Financial

	Pine Labs	Zaggle Prepaid Ocean	One97 Communications
Operational Metrics
Financials
5 yr Average ROE	-5.35 %	20.56 %	-14.3 %
5yr average Equity Multiplier	3.04	2.38	1.38
5yr Average Asset Turnover Ratio	0.17	1.48	0.38
5yr Avg Net Profit Margin	-10.67 %	5.52 %	-30.94 %
Price to Book	n/a	3.84	5.44
P/E	n/a	44.91	0.0
5yr Avg Cash Conversion Cycle	-471.0 Days	-663.0 Days	77.96 Days
Inventory Days	4.49 Days	0.09 Days	0.0
Days Receivable	120.12 Days	54.56 Days	77.96 Days
Days Payable	1216.24 Days	1433.0 Days	21.72 Days
5yr Average Interest Coverage Ratio	-3.5	8.49	-52.25
5yr Avg ROCE	-4.24 %	19.82 %	-13.97 %
5yr Avg Operating Profit Margin	6.89 %	8.76 %	-32.89 %
5 yr average Debt to Equity	0.15	0.87	0.02
5yr CAGR Net Profit	21.1 %	30.87 %	-17.23 %
5yr Average Return on Assets	-1.89 %	7.56 %	-10.48 %
Shareholdings
Promoter Holding	n/a	44.2 %	0.0
Share Pledged by Promoters	n/a	0.0	0.0
Change in Promoter Holding (3 Yrs)	n/a	0.13 %	0.0
Change in Mutual Fund Holding (3 Yrs)	n/a	1.37 %	14.99 %

	Pine Labs	Zaggle Prepaid Ocean	One97 Communications
Product Wise Break-Up	Product Wise Break-Up Digital Infrastructure & Transaction Platform 69.54 Interest on funds held for customers 14.59 Processing and distribution of prepaid card 7.75 Sale of prepaid cards 7.13 Propel platform revenue / Gift Cards 0 Program fee 0 Platform fee / SaaS fee / Service fee 0 Marketing Services 0 Payment & Financial Services 0 Others 0.99	Product Wise Break-Up Marketing Services 0 0 Program fee 41.85 Propel platform revenue / Gift Cards 55.37 Sale of prepaid cards 0 0 Payment & Financial Services 0 Interest on funds held for customers 0 Platform fee / SaaS fee / Service fee 2.78	Product Wise Break-Up Marketing Services 12.88 0 Program fee 0 Propel platform revenue / Gift Cards 0 Sale of prepaid cards 0 0 Payment Processing 83.68 Interest on funds held for customers 0 Platform fee / SaaS fee / Service fee 0 Others 3.44
Segment Break-Up	Segment Break-Up Digital Infrastructure and Transaction Platform 70.53 Issuing and Acquiring Platform 29.47	-	-
Location Wise Break-Up	Location Wise Break-Up India 84.69 Others 15.31	Location Wise Break-Up India 100.0	Location Wise Break-Up India 100.0
Asset Break-Up - Geography Wise	Asset Break-Up - Geography Wise India 95.8 Outside 4.2	-	-