In , Paisalo Digital Ltd (Finance - Capital Markets - Brokers) is outperforming Nifty 500 with +39.2% relative strength. Fundamentals: Weak. On a 8-week streak.
Weekly presence in the outperformers list. Green = beating Nifty 500 by 10%+ that week.
Based on Q3 FY26 earnings • Updated Apr 18, 2026
What: PAT growth vs Opex: 29% sequential PAT growth
“As we scale volumes, this AI-backed infrastructure will reduce operating costs, enhance consistency across geographies, and sustain our profitable franchise growth.”
What: Product count: 5 new products
“we have also doubled our product offering for the last 3 years on a year-on-year basis and we are going to be closing this year again by doubling our product suite by adding about five new products.”
What: Cost of Borrowing: 10.3%
Impact: 92 bps reduction YoY
“During Q3 FY26, overall cost of borrowing for Q3 FY26 declined to 10.3%, representing a 92-basis point reduction year-on-year.”
What: Touchpoints: 4,872
“we have doubled our geographical expansion over the last 3 years on a year-on-year basis... each state is contributing less than 20% on the overall level.”
What: Gross NPA: 0.83%
Impact: 27 bps improvement YoY
“Gross NPA and net NPA improved year-on-year by 27 bps and 18 bps, respectively to well-contained levels of 0.83% and 0.66%.”
What: Cost of borrowing at 10.3% vs 10.5% guidance.
“During Q3 FY26, this strategy was further reinforced with the successful raising of INR 1,885 million at a cost of 8.5%... overall cost of borrowing for Q3 FY26 declined to 10.3%.”
Earnings deceleration risks from management commentary
Trigger: RBI guidelines require separate loan accounts (e.g., 80:20) and mirror accounts instead of a single account.
Management view: Working on tech integration and compliance to meet regulatory norms for back-to-back disbursements.
Monitor: regulatory
Trigger: Elections often create a 'wind of air' that pushes borrowers to delay repayments.
Management view: Additional provisioning taken as a conservative measure; expecting normalization in upcoming quarters.
Monitor: commodity
Key quotes from recent conference calls
“So, from a NIM point of view, we have guided a 6.5% NIM for the full year. As it is visible in H1 itself, we have maintained it at 6.5%. [Previous Net Interest Margin (NIM) guidance]”
“For the credit cost, we continue to maintain the same guidance that we have always maintained that on a long-term range guidance, we are going to be at sub 2% and sub 1%. [Previous Credit Cost guidance]”
“Starting with customer acquisition, we are transitioning from a predominantly physical sourcing to AI-led acquisition engine. [Initiative: AI-led Acquisition Engine]”
“So although we had guided that the new SBI-MSME co-lending partnership shall start from quarter 4, we are still in the process of integrating our systems... hopefully we should be able to start it in quarter 1. [Initiative: SBI-MSME Co-lending Partnership]”
Headline numbers from the latest earnings call
Revenue
₹1,453 million
Why: Growth was driven by a combination of portfolio scale-up, stable yields, and improving funding efficiency.
Net Interest Income (NII) growth outpaced total income growth due to lower borrowing costs.
EBITDA
₹888 million
Why: Profitability benefited from disciplined cost management even as the company continued to invest in distribution and technology.
PBT showed sequential improvement despite ongoing investments in AI and physical touchpoints.
PAT
₹663 million
Why: The record quarterly profit was achieved alongside continued investment in distribution expansion and technology-led operating leverage.
Sequential PAT growth of 29% highlights the recovery from the previous quarter's conservative provisioning.
Other Highlights
• AUM increased to ₹55,082 million, registering 16% year-on-year growth.
• Added 492 new touchpoints during the quarter, bringing the total network to 4,872.
• Cost of borrowing declined to 10.3%, a 92-basis point reduction year-on-year.
Sub-sector-specific signals from the latest concall — each with management's stated reason for the change
Total Assets Under Management
₹5,508.2 Cr
Why: Steady portfolio expansion across income generation and MSME lending segments.
Gross NPA Ratio
0.83%
Why: Supported by robust credit assessment and well-embedded collection architecture.
Net NPA Ratio
0.66%
Why: Disciplined underwriting and proactive collections.
Net Interest Margin
6.0%
Why: Impacted by changes in co-lending agreements and lower other income.
Cost of Borrowing
10.3%
Why: Diversified funding sources and successful raising of low-cost debt.
Capital Adequacy Ratio
38.3%
Why: Strengthened capital base through FCCB conversions.
Collection Efficiency
98.8%
Why: Highlights strong repayment discipline and effective portfolio oversight.
Debt-to-Equity Ratio
2.22x
Why: Prudent leverage offering ample headroom to scale the balance sheet.
Forward-looking targets from management for 3 years
Revenue Growth Target
100%
OPM Guidance
6%
100% growth
Maintaining 6% NIM for the full year.
Doubling AUM over the next 3 years, implying a 25% CAGR.
Guidance Changes
NIM: 6.5% → 6.0%
Revenue, profit and margin growth rates
| Metric | YoY | 3Y CAGR | Trend |
|---|---|---|---|
| Revenue | +18% | +25% | Inflection Up |
| PAT (Net Profit) | +7% | +36% | Stable |
The above analysis is parsed from publicly available earnings call transcripts. This is educational research only — not investment advice. Last updated Apr 18, 2026.
Based on publicly available financial data. This is educational research, not investment advice.
Paisalo Digital Ltd's latest quarterly results (Dec 2025) show
Paisalo Digital Ltd's profit is growing with an stable trend.
Paisalo Digital Ltd's revenue growth trend is turning around (inflection up).
Paisalo Digital Ltd's asset quality trend is insufficient_data.
Paisalo Digital Ltd's long-term compounding rates
Paisalo Digital Ltd's earnings growth is stable with strong momentum on a sequential basis.
Paisalo Digital Ltd's trailing twelve month (TTM) performance
Paisalo Digital Ltd appears significantly overvalued based on our fair value analysis.
Paisalo Digital Ltd's current PE ratio is 21.3x.
Paisalo Digital Ltd's current PE is 21.3x.
Paisalo Digital Ltd's price-to-book ratio is 2.7x.
Paisalo Digital Ltd is rated Weak with a fundamental score of 39.58/100. This score is calculated from objective financial metrics
Paisalo Digital Ltd has a debt-to-equity ratio of N/A.
Paisalo Digital Ltd's return ratios over recent years
Paisalo Digital Ltd's operating cash flow is negative (FY2025).
Paisalo Digital Ltd's current dividend yield is 0.20%.
Paisalo Digital Ltd's shareholding pattern (Mar 2026)
Paisalo Digital Ltd's promoter holding has remained stable recently.
Paisalo Digital Ltd has been outperforming Nifty 500 for 8 consecutive weeks, indicating consistent outperformance.
Paisalo Digital Ltd is an established outperformer with 8 weeks of consecutive Nifty 500 outperformance.
Paisalo Digital Ltd has 6 key growth catalysts identified from recent earnings analysis
Paisalo Digital Ltd has 2 key risks worth monitoring
In Q3 FY26, Paisalo Digital Ltd's management highlighted
Paisalo Digital Ltd's management has provided the following forward guidance for 3 years
Paisalo Digital Ltd's most important sub-sector-specific KPIs from the latest concall
Based on quantitative research signals, here is why Paisalo Digital Ltd may be worth studying
Paisalo Digital Ltd investment thesis summary:
Paisalo Digital Ltd's forward outlook based on current data signals
The above FAQs are generated from publicly available earnings data and conference call transcripts. This is educational research only. Sector Alpha is not SEBI registered and does not provide investment advice.
