Paisalo Digital Ltd
PAISALOPaisalo Digital Ltd's price has outrun its earnings. +121.4% in a year against EPS +17.6% — the market is paying now for delivery later.
The sharpest disagreement: the price moved +121.4% in a year while annual EPS moved +17.6% — the difference is re-rating, and re-rating has to be repaid with earnings.
The price is in a confirmed uptrend (20 weeks in) while the P/BV sits at the 92nd percentile of its own 11-year range. Underneath, the last four quarters read improving — profit +29.8% year on year, and gross NPA has moved to 0.69%. What settles it: whether earnings grow into a price that has already moved.
Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.
Paisalo Digital Ltd trades at ₹84.2, in a confirmed uptrend and 20 weeks into that stage. That is +54.4% against its own 200-day average. It sits at 100% of a 52-week range of ₹31 to ₹84. On relative strength it has been ahead of the NIFTY 500 on a trailing-13-week view for 32 straight weeks.
Today the stock is in a confirmed uptrend — week 20 of stage 2, confirmed. At ₹84.2 it trades +54.4% versus its 200-day average and sits at 100% of its 52-week range (₹31–₹84).
Against the market, two honest reads. Cumulative: over the last 10.5 years the stock moved +811% while the NIFTY 500 moved +267% — ahead of the index over the full window. Recent form: on a trailing-13-week view the stock has been ahead for 32 straight weeks — the ribbon below is that same metric, week by week.
What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.
Story check
Paisalo Digital Ltd's story is not scored yet against the markers our research file set on 22 August 2026. Where it sits in its own cycle: MID_EXPANSION. Still open: Two consecutive quarters of GNPA above 1.0% together with lending growth below the pace needed for the multi-year target would break the case that scale is being added without weakening underwriting.
What is proven. See the research file
What is not proven yet. Two consecutive quarters of GNPA above 1.0% together with lending growth below the pace needed for the multi-year target would break the case that scale is being added without weakening underwriting.
🚨 What would change our mind. Two consecutive quarters of GNPA above 1.0% together with lending growth below the pace needed for the multi-year target would break the case that scale is being added without weakening underwriting.
🚨 Layer 1 read, 22 August 2026 — DROP. A lender whose loan book is genuinely cleaner, priced at 3.5x book for returns already at their historical ceiling. Paisalo lends small amounts to people who generate income from them, and its bad loans have fallen for four straight prints — gross 1.05% to 0.69% and net 0.80% to 0.48%. That is real and I am not dismissing it. But the share costs 3.54 times book value, the 81.3rd percentile of its own ten years, after rising 130% in a year, and it buys a return on equity of 14.3% that already sits at the very top of its 7-14% historical band against a through-cycle 10% — so there is no room left in the return to grow into the price. Underneath, the latest quarter fell sequentially (profit Rs72cr to Rs61cr) and the cost of borrowing grew 23.4% against income growth of 18.7%, while the SBI co-lending…
What would change Layer 1’s mind. Gross bad loans staying at or below 0.75% for two more quarters WHILE total income growth outruns the cost-of-funds growth and the price-to-book multiple falls back toward its 2.3x median — that combination would mean the premium is being earned by a widening spread rather than paid for a peak return, and it would move this off the bottom of the rank. Sharpened from the timeline's own falsifier (two quarters of gross bad loans above 1.0% with lending growth below target) and from driver D2's…
The test written in advance. Two consecutive quarters of GNPA above 1.0% together with lending growth below the pace needed for the multi-year target would break the case that scale is being added without weakening underwriting. — the thesis as written as stated by the next result.
The test written in advance. SBI co-lending execution delay — SBI co-lending execution delay SBI co-lending disbursements reported in the next quarter by the next result.
The test written in advance. Premium P/BV and return-on-equity ceiling — Premium P/BV and return-on-equity ceiling P/BV remains above its historical upper band while ROE does not exceed the current level by the next result.
What the company does. Q1 FY27 revenue and PAT rose year on year while GNPA and NNPA improved versus the preceding reported quarters. Management continues to target a three-year doubling of AUM, income and PAT, with technology, distribution and funding diversification as the stated levers. The current P/BV sits at an elevated point in its own history, while SBI co-lending remains pending bank-side compliance after prior launch expectations slipped.
| Dial | Now | Was | Why it matters | Watch line |
|---|---|---|---|---|
| Technology-led productivity | MEDIUM | — | Automation is being applied across sourcing, underwriting, monitoring and collections, with management expecting productivity… | Cost-to-income rises for two quarters while automation deployment expands. |
| Funding-cost improvement | MEDIUM | — | Management attributes lower borrowing cost to diversification and liability-mix optimisation. | Two consecutive quarters of GNPA above 1.0% together with lending growth below the pace needed for the multi-year target would break the case that… |
| Asset-quality discipline | MEDIUM_HIGH | — | Reported GNPA and NNPA improved in the latest quarter, with collection efficiency cited as a control. | GNPA exceeds 1.0% or NNPA rises for two consecutive reported quarters. |
| Distribution and product expansion | MEDIUM | — | Touchpoints and product lines have expanded, providing an organic route to the multi-year target. | New touchpoints rise while lending growth remains below the base-case milestone for two quarters. |
🚨 What the surface reading misses. The surface reading is: Lower non-performing-asset ratios suggest improving credit quality. The research reads it further: The ratios improved versus the preceding reported quarters, but management also acknowledged sequential provision pressure, so ratios and provisions need to be read together.
🚨 What the surface reading misses. The surface reading is: An elevated P/BV suggests the stock is expensive. The research reads it further: For a lender, the correct test is P/BV against through-cycle return on equity. Current ROE is above the deterministic through-cycle figure, so valuation depends on sustaining returns rather than recovering from a depressed base.
Lever 1 · Operating leverage — BUILDING. Automation is being applied across sourcing, underwriting, monitoring and collections, with management expecting productivity benefits over time. What proves it keeps working: Technology-led productivity. It stops working if Cost-to-income rises for two quarters while automation deployment expands.
Lever 4 · Paying down debt — BUILDING. Management attributes lower borrowing cost to diversification and liability-mix optimisation. What proves it keeps working: Funding-cost improvement. It stops working if Two consecutive quarters of GNPA above 1.0% together with lending growth below the pace needed for the multi-year target would break the case that scale is being added without weakening underwriting.
Lever 7 · Consolidation — BUILDING. Reported GNPA and NNPA improved in the latest quarter, with collection efficiency cited as a control. What proves it keeps working: Asset-quality discipline. It stops working if GNPA exceeds 1.0% or NNPA rises for two consecutive reported quarters.
Lever 10 · New geographies — BUILDING. Touchpoints and product lines have expanded, providing an organic route to the multi-year target. What proves it keeps working: Distribution and product expansion. It stops working if New touchpoints rise while lending growth remains below the base-case milestone for two quarters.
Sources: our stock research file (22 August 2026) · quarterly results through Jun 26 · the company’s own earnings calls. The story check is re-scored every results season; the record below never changes.
Revenue For a bank, revenue is everything the franchise earns — interest on the loan book plus fee and other income.
Paisalo Digital Ltd reported ₹260 Cr of income in the Jun 26 quarter, +18.7% year on year. That is the 5th straight quarter of year-on-year growth. Over 10 years it has compounded at 16.4% a year. The last full year, FY26, came in at ₹931 Cr. The last four reported quarters add to ₹985 Cr.
Why this happened. The lending case needs credit cost to remain contained as disbursements and touchpoints grow. The surface read is improving asset quality; the deeper read is that sequential provision pressure acknowledged in the latest call needs monitoring before treating the trend as durable.
FY26 revenue came in at ₹931 Cr (+21.9% on the year), capping 10 years at 16.4% compound. The latest quarter (Jun 26) printed ₹260 Cr, +18.7% year on year — the 5th consecutive quarter of year-over-year growth.
Pace check: the last four quarters averaged +22.7% growth against the decade's 16.4% — the current year is running faster than its own long-run rate.
Acceleration check: trailing-twelve-month revenue grew +22.5% over the last 4 quarters against +17.8%/yr over the last 8 — accelerating; TTM profit +22.4% vs +17.8%/yr — accelerating.
FY26-Q4. Revenue and PAT accelerated year on year, with management retaining its multi-year target.
Why-sources: our stock research file (22 August 2026) and the company’s own results for those quarters.
Net margin Net margin — what the bank keeps of every ₹100 of revenue after every cost, provision and tax. It is the cleanest single margin we can read for a lender.
Paisalo Digital Ltd's net margin is 23.5% in the Jun 26 quarter, +2.0 percentage points against the same quarter a year ago. Across 13 fiscal years the net margin has ranged 14.4% to 27.3%. The current quarter sits inside that band.
Why this happened. Management describes automation across the lending lifecycle and reports higher application, voice-to-data and outreach activity. This is a live operating initiative, but the off-switch is a sustained cost-to-income increase while growth continues because management has not quantified steady-state savings.
The latest quarter's net margin is 23.5%, +2.0 pp against the same quarter a year ago. Across 13 fiscal years the net margin has ranged 14.4%–27.3%.
Why: the numbers show the net margin move clearly, but the cost lines behind it sit below what we hold — so we state the move without inventing its driver.
FY26-Q4. Revenue and PAT accelerated year on year, with management retaining its multi-year target.
Why-sources: our stock research file (22 August 2026) and the company’s own results for those quarters.
Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.
Paisalo Digital Ltd earned ₹61.0 Cr of net profit in the Jun 26 quarter, +29.8% year on year. It is the 11th consecutive quarter of growth. Full-year FY26 profit was ₹237 Cr. The 10-year compound rate is 18.1%. That is 23.5% of the quarter's revenue. The same quarter a year earlier earned ₹47.0 Cr.
Jun 26 profit was ₹61.0 Cr, +29.8% year on year — the 11th consecutive quarter of growth. On the full year, FY26 printed ₹237 Cr (+18.5%), and the 10-year compound rate is 18.1%.
Why profit moved: revenue contributed +18.7% and the margin +2.0 pp — the quarter was margin-led: most of the profit growth came from keeping more of each sale.
Pace comparison, last four quarters: profit +24.2% vs revenue +22.7%. Profit and revenue are moving roughly in step.
FY26-Q4. Revenue and PAT accelerated year on year, with management retaining its multi-year target.
Why-sources: our stock research file (22 August 2026) and the company’s own results for those quarters.
Asset quality — the ladder Gross NPA is the slice of the loan book where repayments have stopped. Net NPA is what remains after the money already set aside against those loans. Falling is healing; rising is damage arriving.
Paisalo Digital Ltd's gross NPA is 0.69% of the loan book in Jun 26. Net of provisions already set aside, 0.48% remains. That is the 3rd straight quarter of improvement. Across the 4 quarters held here the book has ranged 0.69% to 1.05%. Falling NPAs are a loan book healing; rising NPAs are damage arriving.
Jun 26: gross NPA at 0.69% and net NPA at 0.48%. Over the 4 quarters we hold, the book's worst reading was 1.05% and its best is 0.69% — which is the current print. The ladder has now improved for 3 consecutive quarters.
The synthesis: profit growth at a bank is only as good as the book behind it, and this book is healing on a multi-quarter streak. A note on depth: quarterly provisioning detail is not in our numbers yet, so this ladder reads levels and trend, not the cost of the cleanup.
Why the ladder moved: recoveries, write-offs and slippages each play a part, and that split sits below what we hold — the numbers show the healing; the driver mix does not travel with them.
The loan book We read the loan book through revenue — when the book grows, revenue grows with it. It is a rough proxy, and we say so: rate moves and fee swings can shift it a few points in any one year.
Paisalo Digital Ltd's revenue grew +21.9% in FY26 to ₹931 Cr, so the book is growing. The latest quarter ran +18.7% year on year. The net margin on that income is 23.5%, +2.0 percentage points against a year ago. Interest income is a proxy for the book; rate moves can shift it a few points in any one year.
FY26 revenue was ₹931 Cr, +21.9% on the year, and the latest quarter ran +18.7% year on year. The net margin on that revenue is 23.5% this quarter (+2.0 pp YoY) — growth with a widening margin on it.
The synthesis: a lender compounds when the book grows while the margin holds and the loan book stays clean — gross NPA is the loan-quality read we carry here.
Returns on equity and assets Two numbers rate a bank: ROE — what it earns on shareholder money — and ROA — what it earns on everything it deploys. ROE above ~13–15% earns its keep; below that, growth builds book slowly.
Paisalo Digital Ltd earns a return on equity of 14% in FY26. Its trough over the ladder below was 7% in FY21. For a lender the balance sheet is the operating asset, so equity return and asset return have to be read together.
FY26 ROE came in at 14%, recovered from a FY21 trough of 7%. Return on assets is withheld on this page — its two source series disagree for this quarter. That clears the bar a bank must beat for its book value to compound.
Why ROE moved: profit compounded 18.1% a year over 10 years while the equity base grew more slowly — earnings recovering faster than book value builds is what lifts ROE off a trough.
Debt
For a bank, borrowings are raw material, not a warning sign — solvency is read through the returns and the loan book. A manufacturer’s debt is a claim against its profits, so the debt-to-equity lens that works everywhere else misleads on a lender and is not applied here.
Why this happened. Management attributes lower borrowing cost to diversification and liability-mix optimisation.
A manufacturer’s debt is a claim against its profits; a bank’s borrowings are its inventory — money taken in to be lent out. The debt lens that works everywhere else misleads here, so this page does not apply it. The solvency questions for a bank — is the loan book sound, is the equity earning — are read through the loan-book and returns sections above.
Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.
Foreign institutions cut 7.0 points of Paisalo Digital Ltd over 8 quarters, the biggest move on the register. That takes foreign institutions to 6.8% of the company. Domestic institutions moved −6.0 points over the same window, to 6.8%. The register is read on the four disclosed classes only; nothing is inferred between filings.
The register over the last two years — Foreign institutions: −7.0 points over 8 quarters to 6.8%; Domestic institutions: −6.0 points over 8 quarters to 6.8%; Promoters: −4.9 points over 8 quarters to 46.7%.
🚨 Why the register moved: foreign institutions drove it (−7.0 points), alongside domestic institutions (−6.0 points) — distribution into the market’s bid.
Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.
Paisalo Digital Ltd: the Z-score is omitted — it was built for manufacturers, not banks, and applying it here would be theatre. The Z-score was built for manufacturers and is not applied to banks and lenders, so solvency here is read from the capital and asset-quality lines instead.
The safety line in one sentence: the Z-score is omitted — it was built for manufacturers, not banks, and applying it here would be theatre.
Valuation For a bank we price the book, not the earnings: P/BV is what the market pays for each ₹1 of the bank's net worth. A bank below 1× book is priced below the value of what it owns, net of what it owes.
Paisalo Digital Ltd trades at 4.3× P/BV, at the pricey end of its own range (92nd percentile). Its long-run median P/BV is 2.3×, measured across 10.5 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.
Today's P/BV of 4.3× is at the pricey end of its own range (92nd percentile), against a long-run median of 2.3× measured over 10.5 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.
🚨 Why the multiple sits where it does: over the past year book value grew while the price moved +121.4% — the price ran ahead of the book, pushing the multiple up its own range.
The price move, decomposed: over 5y, of the +17.0%/yr price move, ~+14.1%/yr came from book-value growth and ~+2.9 pp from the multiple (expanding); over 10y, of the +21.7%/yr price move, ~+12.1%/yr came from book-value growth and ~+9.6 pp from the multiple (expanding). The split is the honest approximate (price return minus book-value growth); it makes the rally itself visible instead of hiding it behind the percentile.
Put together: the multiple is full against its own past, so the story rests on the book-value line underneath it, not the multiple.
What the price assumes This reading works the multiple backwards. It asks one question: what yearly rate of profit growth is a buyer at the market price already paying for? The number is the growth rate that makes eleven years of profit — six years growing, then five fading — add up to that day's market price, once each year is discounted at 11% a year.
Solved at its 24 August 2026 price, Paisalo Digital Ltd was paying for profit growth of about 16.4% a year. Profit itself has compounded 18.1% a year over the past 10 years. Today the market pays 4.3× P/BV, the 92nd percentile of its own 11-year range.
What the two numbers say together. The multiple is full against its own past, and the growth the price is paying for is close to what this company has actually delivered.
How to hold this number: it is a reading of one day's price, taken on 24 August 2026, not a running figure — every other number on this page, the multiple included, is read off the live quote as of 11 September 2026. A higher price is paying for more growth and a lower price for less, so it moves whenever the price does, and this page does not restate it between measurements.
Stage: Consistent Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).
Paisalo Digital Ltd reads as consistent on its fundamental arc. Consistent — revenue, profit and EPS growth have stayed positive through the window, with ROE at 13.2% and holding. The read is built from 11 quarters across 4 curves, on full evidence.
Why it matters: steady curves with healthy returns are the compounding setup — the risk is the price, not the business.
| 1yr | 3yr | 5yr | 10yr | |
|---|---|---|---|---|
| Revenue | +21.9% | +25.5% | +21.9% | +16.4% |
| Profit | +18.5% | +36.1% | +32.5% | +18.1% |
| EPS | +17.6% | +35.9% | +30.5% | +16.6% |
| Share price | +121.4% | +38.4% | +17.0% | +21.7% |
4-Factor Sector Score
65.8/100 — rank 3 of 16 in Finance - Capital Markets - Brokers · 100% evidence confidence
Paisalo Digital Ltd scores 65.8 out of 100 against the 16 companies it is compared with in Finance - Capital Markets - Brokers, ranking 3. Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence.
The four contributions add to the total exactly: 23.6 + 19.4 + 3.2 + 19.6 = 65.8. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.
What would change it: The read weakens if ROA rolls over or gross NPA rises while sector-relative strength deteriorates.
Said versus delivered
What Paisalo Digital Ltd's management promised, set against what actually arrived — 4 tracked promises on the record. Read straight from the company’s own earnings calls. A promise that slipped stays on this page after it is met.
🚨 SBI Co-lending Launch Delayed Beyond Prior Milestones · 6 August 2026. In February and May 2026, management expected the SBI-MSME co-lending arrangement to become operational by Q1 FY27 or shortly thereafter. The August 2026 call instead states that the arrangement remains at status quo, bank-side compliance is still pending, and disbursements remain slow, indicating a material delay with no further explanation of why the previously expected launch milestones were missed.
🚨 Iran-Related Risk Assessment Became More Cautious · 6 August 2026. The August 2026 call acknowledges that macroeconomic risk is passing down to Paisalo's borrower base and that loan-loss provisions increased sequentially. This is less definitive than the May 2026 characterization that Paisalo was largely insulated and had nothing to be affected by, although management continues to describe the impact as limited and asset quality as controlled.
🚨 Co-lending Role in AUM Growth Contradicted · 11 May 2026. The Nov 2025 call attributed Q2 AUM growth directly to co-lending segments and positioned the co-lending model as addressing the three major inherent NBFC risks while enhancing ROA and ROE, framing it as a central strategic lever. The May 2026 call explicitly states co-lending contributes only a small chunk of AUM and was never factored into the three-year doubling plan, directly contradicting the Nov 2025 strategic framing without any explanation for this significant downgrade in co-lending's stated role.
🚨 SBI MSME Co-lending Partnership Repeatedly Delayed Without New Explanation · 11 May 2026. The Nov 2025 call described the SBI co-lending partnership as advancing smoothly with API integration underway. The Feb 2026 call disclosed the Q4 FY26 go-live had been delayed to Q1 FY27. The May 2026 call, now within Q1 FY27, reveals the first method is still only expected to go live this quarter and a second method may not be operational until Q2 FY27, representing a third consecutive quarter of timeline slippage with no substantively new explanation beyond the RBI compliance requirements already disclosed in Feb 2026.
Every quote above is taken word for word from the company’s own earnings calls.
| Company | Score | Price stage | Growth & earnings/35 | Capital efficiency/25 | Valuation/20 | Relative strength/20 |
|---|---|---|---|---|---|---|
| 1Indo Thai Securities LtdINDOTHAI | 68.2/100Favorable setup82% evidence | ASLEEP | 32.5/35 Income 100% · PAT 100% 86% evidence | 19.4/25 ROA 17.6% · ROE 28.7% · GNPA — 72% evidence | 16.3/20 P/BV 1.86× · P/BV÷ROE 0.07 70% evidence | 0.0/20 RS sector -84.7% · RS bench -84.3% · 1Y -74%0 of 12 weeks ahead 100% evidence |
| Exact sum: 32.5 + 19.4 + 16.3 + 0 = 68.2 · Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -84.7% and the one-year return is -74%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth. | ||||||
| 2Share India Securities LtdSHAREINDIA | 68.2/100Favorable setup82% evidence | BREAKING OUT | 18.1/35 Income 14.7% · PAT 17.8% 86% evidence | 16.1/25 ROA 7.1% · ROE 13% · GNPA — 72% evidence | 14.7/20 P/BV 1.66× · P/BV÷ROE 0.13 70% evidence | 19.3/20 RS sector 27.1% · RS bench 30.2% · 1Y 34.7%10 of 12 weeks ahead 100% evidence |
| Exact sum: 18.1 + 16.1 + 14.7 + 19.3 = 68.2 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 3Paisalo Digital Ltdthis pagePAISALO | 65.8/100Favorable setup100% evidence | LEADER | 23.6/35 Income 22.5% · PAT 22.4% 100% evidence | 19.4/25 ROA 3.8% · ROE 14.4% · GNPA 0.7% 100% evidence | 3.2/20 P/BV 4.27× · P/BV÷ROE 0.3 100% evidence | 19.6/20 RS sector 78.2% · RS bench 81.4% · 1Y 143.5%12 of 12 weeks ahead 100% evidence |
| Exact sum: 23.6 + 19.4 + 3.2 + 19.6 = 65.8 · Decision use: Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence. | ||||||
| 4Monarch Networth Capital LtdMONARCH | 65.1/100Favorable setup88% evidence | LEADER | 16.2/35 Income 7.3% · PAT 16.8% 86% evidence | 19.5/25 ROA 11.5% · ROE 20.5% · GNPA — 72% evidence | 13.3/20 P/BV 3.04× · P/BV÷ROE 0.15 100% evidence | 16.1/20 RS sector 16.1% · RS bench 18.9% · 1Y 13.9%12 of 12 weeks ahead 100% evidence |
| Exact sum: 16.2 + 19.5 + 13.3 + 16.1 = 65.1 · Decision use: Price leads the evidence: RS versus the benchmark is 18.9%, but earnings trajectory is weak. Wait for revenue and profit confirmation. | ||||||
| 5Anand Rathi Share & Stock Brokers LtdARSSBL | 55.5/100Mixed-positive evidence62% evidence | ASLEEP | 20.3/35 Income 16.9% · PAT 35.4% 86% evidence | 13.4/25 ROA 1.8% · ROE 14% · GNPA — 72% evidence | 11.8/20 P/BV 2.28× · P/BV÷ROE 0.16 70% evidence | 10.0/20 RS sector — · RS bench — · 1Y 6.6%1 of 10 weeks ahead 0% evidence |
| Exact sum: 20.3 + 13.4 + 11.8 + 10 = 55.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 6Choice International LtdCHOICEIN | 53.2/100Mixed-positive evidence61% evidence | BREAKING OUT | 24.6/35 Income 26.5% · PAT 40.2% 52% evidence | 14.5/25 ROA — · ROE 16.1% · GNPA — 34% evidence | 3.6/20 P/BV 10.13× · P/BV÷ROE 0.63 70% evidence | 10.5/20 RS sector -1% · RS bench 1.6% · 1Y -3.5%11 of 12 weeks ahead 100% evidence |
| Exact sum: 24.6 + 14.5 + 3.6 + 10.5 = 53.2 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 7SMC Global Securities LtdSMCGLOBAL | 53.1/100Mixed-positive evidence86% evidence | LEADER | 13.1/35 Income 12.3% · PAT -11.3% 81% evidence | 11.6/25 ROA 1.8% · ROE 8.1% · GNPA — 68% evidence | 10.5/20 P/BV 1.38× · P/BV÷ROE 0.17 100% evidence | 17.9/20 RS sector 16.7% · RS bench 19.8% · 1Y 26.3%12 of 12 weeks ahead 100% evidence |
| Exact sum: 13.1 + 11.6 + 10.5 + 17.9 = 53.1 · Decision use: Price leads the evidence: RS versus the benchmark is 19.8%, but earnings trajectory is weak. Wait for revenue and profit confirmation. | ||||||
| 8Angel One LtdANGELONE | 50.6/100Mixed-positive evidence88% evidence | ASLEEP | 14.2/35 Income 9.1% · PAT 3.9% 86% evidence | 16.6/25 ROA 3.8% · ROE 15.6% · GNPA — 72% evidence | 8.2/20 P/BV 4.54× · P/BV÷ROE 0.29 100% evidence | 11.6/20 RS sector 8.7% · RS bench 11.2% · 1Y 32.7%3 of 12 weeks ahead 100% evidence |
| Exact sum: 14.2 + 16.6 + 8.2 + 11.6 = 50.6 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 9Summit Securities LtdSUMMITSEC | 47.9/100Mixed-negative evidence80% evidence | BASING | 29.1/35 Income 32.9% · PAT 41.2% 81% evidence | 6.3/25 ROA 1.1% · ROE 1.1% · GNPA — 68% evidence | 8.6/20 P/BV 0.18× · P/BV÷ROE 0.16 70% evidence | 3.9/20 RS sector -20.5% · RS bench -18.3% · 1Y -36.9%0 of 12 weeks ahead 100% evidence |
| Exact sum: 29.1 + 6.3 + 8.6 + 3.9 = 47.9 · Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -20.5% and the one-year return is -36.9%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth. | ||||||
| 10Meghna Infracon Infrastructure LtdMIIL | 46.1/100Thin evidence · provisional55% evidence | 15.6/35 Income 23.1% · PAT -51.4% 52% evidence | 15.8/25 ROA — · ROE 21.9% · GNPA — 34% evidence | 3.0/20 P/BV 53.65× · P/BV÷ROE 2.45 70% evidence | 11.7/20 RS sector 2.9% · RS bench 8.7% · 1Y 20.4%9 of 12 weeks ahead 70% evidence | |
| Exact sum: 15.6 + 15.8 + 3 + 11.7 = 46.1 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. | ||||||
| 11IIFL Capital Services LtdIIFLCAPS | 44.9/100Mixed-negative evidence67% evidence | TURNING | 11.7/35 Income 2.1% · PAT -19% 52% evidence | 14.8/25 ROA — · ROE 16.2% · GNPA — 34% evidence | 7.0/20 P/BV 3.45× · P/BV÷ROE 0.21 100% evidence | 11.4/20 RS sector 3.3% · RS bench 5.9% · 1Y 13.4%5 of 12 weeks ahead 100% evidence |
| Exact sum: 11.7 + 14.8 + 7 + 11.4 = 44.9 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 12Geojit Financial Services LtdGEOJITFSL | 40.9/100Mixed-negative evidence67% evidence | LEADER | 8.9/35 Income -5.5% · PAT -52.3% 52% evidence | 10.8/25 ROA — · ROE 7.3% · GNPA — 34% evidence | 7.2/20 P/BV 1.83× · P/BV÷ROE 0.25 100% evidence | 14.0/20 RS sector 6.7% · RS bench 9.3% · 1Y 3.3%10 of 12 weeks ahead 100% evidence |
| Exact sum: 8.9 + 10.8 + 7.2 + 14 = 40.9 · Decision use: Price leads the evidence: RS versus the benchmark is 9.3%, but earnings trajectory is weak. Wait for revenue and profit confirmation. | ||||||
| 135paisa Capital Ltd5PAISA | 32.5/100Adverse evidence86% evidence | BREAKING OUT | 8.5/35 Income -1.8% · PAT -26.7% 81% evidence | 11.4/25 ROA 2.3% · ROE 7% · GNPA — 68% evidence | 4.7/20 P/BV 2.37× · P/BV÷ROE 0.34 100% evidence | 7.9/20 RS sector -3.3% · RS bench -0.9% · 1Y -10.7%10 of 12 weeks ahead 100% evidence |
| Exact sum: 8.5 + 11.4 + 4.7 + 7.9 = 32.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 14Arihant Capital Markets LtdARIHANTCAP | 32.5/100Adverse evidence86% evidence | BREAKING OUT | 6.6/35 Income 3.6% · PAT -26.4% 81% evidence | 11.9/25 ROA 2.8% · ROE 7.7% · GNPA — 68% evidence | 6.8/20 P/BV 1.97× · P/BV÷ROE 0.26 100% evidence | 7.2/20 RS sector -5.5% · RS bench -2.9% · 1Y -24.5%7 of 12 weeks ahead 100% evidence |
| Exact sum: 6.6 + 11.9 + 6.8 + 7.2 = 32.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 15Emkay Global Financial Services LtdEMKAY | 24.7/100Adverse evidence80% evidence | FADING | 9.6/35 Income 21.3% · PAT -59.1% 81% evidence | 5.9/25 ROA 0.9% · ROE 4.5% · GNPA — 68% evidence | 4.1/20 P/BV 1.73× · P/BV÷ROE 0.38 100% evidence | 5.1/20 RS sector -10.8% · RS bench -2.4% · 1Y 14%4 of 10 weeks ahead 70% evidence |
| Exact sum: 9.6 + 5.9 + 4.1 + 5.1 = 24.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 16Billionbrains Garage Ventures LtdGROWW | 54.5/100Thin evidence · provisional41% evidence | TURNING | 24.4/35 Income 37.7% · PAT 30.9% 52% evidence | 16.3/25 ROA — · ROE 28.8% · GNPA — 34% evidence | 3.8/20 P/BV 12.99× · P/BV÷ROE 0.45 70% evidence | 10.0/20 RS sector — · RS bench — · 1Y —2 of 12 weeks ahead 0% evidence |
| Exact sum: 24.4 + 16.3 + 3.8 + 10 = 54.5 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. | ||||||
Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. Financial companies use P/BV÷ROE and asset quality; PEG, industrial OPM and ROCE are excluded. 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 curve the sector itself 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 widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.
Frequently asked questions
What is Paisalo Digital Ltd's share price today?
Paisalo Digital Ltd trades at ₹84.2, +121.4% over the past year. The company is valued at ₹7,661 Cr. The stock sits at the very top of its 52-week range (₹31–₹84), +54.4% versus its 200-day average. On the tape, the price is in a confirmed uptrend, 20 weeks in. — as of 11 September 2026.
What were Paisalo Digital Ltd's latest quarterly results?
Paisalo Digital Ltd reported total income of ₹260 Cr and net profit of ₹61.0 Cr for the Jun 26 quarter. Income rose 18.7% and profit rose 29.8% year on year. Earnings per share were ₹0.67. The net margin was 23.5%, 2.0 pp higher than a year earlier. — as of 11 September 2026.
What is Paisalo Digital Ltd's revenue?
Paisalo Digital Ltd reported revenue of ₹260 Cr in the Jun 26 quarter, +18.7% year on year. For the full FY26 fiscal year, revenue was ₹931 Cr (+21.9%). Over the last 10 years revenue compounded at 16.4% a year. — as of 11 September 2026.
What is Paisalo Digital Ltd's profit?
Paisalo Digital Ltd earned ₹61.0 Cr of net profit in the Jun 26 quarter, +29.8% year on year — the 11th straight quarter of growth. Full-year FY26 profit was ₹237 Cr. The net margin ran 23.5% in the latest quarter. — as of 11 September 2026.
What is Paisalo Digital Ltd's market cap?
Paisalo Digital Ltd's market capitalisation is ₹7,661 Cr at a share price of ₹84.2. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 11 September 2026.
What is Paisalo Digital Ltd's P/BV ratio?
Paisalo Digital Ltd trades at a P/BV of 4.3×, at the 92nd percentile of its own 11-year range, against a long-run median of 2.3×. This is a comparison with the stock's own history, not a value call — as of 11 September 2026.
Does Paisalo Digital Ltd pay a dividend?
Yes — Paisalo Digital Ltd's dividend payout was 4% of profit in FY26, and it recorded a payout in each of its last 13 reported fiscal years. This page holds the payout ratio, not a per-share amount. — as of 11 September 2026.
Is Paisalo Digital Ltd overvalued?
On its own history, Paisalo Digital Ltd looks expensive: its P/BV of 4.3× sits at the 92nd percentile of its 11-year range (long-run median 2.3×). That is a percentile read against the stock's own past, not a price opinion or a direction call. — as of 11 September 2026.
Is Paisalo Digital Ltd growing?
Yes — Paisalo Digital Ltd is growing: latest-quarter revenue +18.7% year on year, profit +29.8%, and the net margin +2.0 pp at 23.5%. The 10-year compound rates are 16.4% (revenue) and 18.1% (profit). The earnings engine currently reads: improving — as of 11 September 2026.
How is Paisalo Digital Ltd performing?
Paisalo Digital Ltd is in a confirmed uptrend, 20 weeks in. Its latest quarter's income rose 18.7% and profit rose 29.8% year on year. Against the NIFTY 500 it has been ahead on a trailing-13-week view for 32 weeks. This describes what the data did, not a rating. — as of 11 September 2026.
What stage is Paisalo Digital Ltd in?
Consistent — revenue, profit and EPS growth have stayed positive through the window, with ROE at 13.2% and holding. The read comes from the last 12 quarters of growth (revenue growth +22.5% latest, profit growth +22.4% latest, eps growth +20.5% latest) plus the ROE curve, classified by deterministic rules — a trajectory read, not a buy or sell call — as of 11 September 2026.
Is Paisalo Digital Ltd in an uptrend?
Yes — the price is in a confirmed uptrend (week 20 of stage 2), trading +54.4% versus its 200-day average and at the very top of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 11 September 2026.
Is Paisalo Digital Ltd beating the market?
On recent form, yes — Paisalo Digital Ltd has been ahead of the NIFTY 500 on a trailing-13-week view for 32 straight weeks, the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 10.5 years the stock moved +811% against the NIFTY 500's +267% — ahead of the index over the full window. — as of 11 September 2026.
Will Paisalo Digital Ltd's share price go up?
This page publishes no price forecast for Paisalo Digital Ltd. What it measures instead: the share price is ₹84.2, the price is in a confirmed uptrend 20 weeks in. Its P/BV of 4.3× sits at the 92nd percentile of its own 11-year range. — as of 11 September 2026.
Who owns Paisalo Digital Ltd?
Promoters hold 46.7% of Paisalo Digital Ltd, foreign institutions 6.8%, domestic institutions 6.8% and the public 39.7% (latest quarter). The biggest move on the register over the last two years: Foreign institutions cut 7.0 points over 8 quarters. — as of 11 September 2026.
Is Paisalo Digital Ltd's loan book healthy?
Gross NPA is 0.69% of Paisalo Digital Ltd's loan book — the 3rd straight quarter of improvement, and net NPA stands at 0.48%. Falling NPAs are a loan book healing; rising NPAs are damage arriving — as of 11 September 2026.
Where is Paisalo Digital Ltd in its business cycle?
Paisalo Digital Ltd's FY26 net margin was 25.5%, against a 13-year band of 14.4%–27.3%: mid-band by its own history — neither the peak that precedes mean-reversion nor the trough that precedes recovery. The latest quarter ran 23.5%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 11 September 2026.
What growth does Paisalo Digital Ltd's price assume?
At its price on 24 August 2026, Paisalo Digital Ltd was priced for profit growth of about 16.4% a year. Profit itself has compounded 18.1% a year over the past 10 years. The figure reads the multiple backwards: the growth a buyer at that price was already paying for. — as of 11 September 2026.
What could break the Paisalo Digital Ltd story?
The sharpest disagreement: the price moved +121.4% in a year while annual EPS moved +17.6% — the difference is re-rating, and re-rating has to be repaid with earnings. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 11 September 2026.
Is Paisalo Digital Ltd a stock worth studying right now?
This is not investment advice. The machine read: Paisalo Digital Ltd's price has outrun its earnings. +121.4% in a year against EPS +17.6% — the market is paying now for delivery later. The sharpest open question: whether earnings grow into a price that has already moved. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 11 September 2026.
Not SEBI Registered !! Not Investment advice !!