Pine Labs Ltd. benchmarking: Performance to industry peers

Financial

	Pine Labs	Zaggle Prepaid Ocean	One97 Communications
Operational Metrics
IT
Number of Transactions - Monthly	616666666.67 .	n/a	n/a
Total Payment Volume - Quarterly	435000.0 Rs Crs	n/a	650000.0 Rs Crs
Unclassified
Advertisement Spend as a % of Total Sales	2.29 %	n/a	7.46 %
Financials
5 yr Average ROE	0.0	20.56 %	0.0
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	2.96	2.0	4.87
P/E	154.96	20.36	141.12
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	0.16	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	0.0	44.15 %	0.0
Share Pledged by Promoters	0.0	0.55 %	0.0
Change in Promoter Holding (3 Yrs)	0.0	0.08 %	0.0
Change in Mutual Fund Holding (3 Yrs)	8.88 %	-0.23 %	13.89 %

	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 Interest on funds held for customers 0 0 Program fee 41.85 0 Payment & Financial Services 0 Platform fee / SaaS fee / Service fee 2.78 Marketing Services 0 Sale of prepaid cards 0 Propel platform revenue / Gift Cards 55.37	Product Wise Break-Up Interest on funds held for customers 0 0 Program fee 0 0 Payment Processing 89.0 Platform fee / SaaS fee / Service fee 0 Marketing Services 10.56 Sale of prepaid cards 0 Propel platform revenue / Gift Cards 0 Others 0.44
Segment Break-Up	Segment Break-Up Digital Infrastructure and Transaction Platform 66.54 Issuing and Acquiring Platform 33.46	-	-
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	-	-