# Paisalo Digital share price today (Paisalo Digital Ltd, NSE: PAISALO)

> Paisalo Digital share price today: ₹77.30 at the NSE close on 3 November 2026, up 104.0% in a year. Paisalo Digital (NSE: PAISALO) is worth ₹7,270 crore, trades at a P/BV of 3.6 and has closed between ₹30.97 and ₹89.51 over the past 52 weeks. > Paisalo Digital Ltd's share price has risen faster than its earnings: +104.0% in a year, against +17.6% for earnings per share. PAISALO · Finance - Capital Markets - Brokers · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/paisalo-digital-ltd

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## Key numbers

- Business trend: Growing steadily, from the last 12 quarters
- Price: ₹77.30 (+104.0% in a year)
- P/BV: 3.6× (higher than 81% of the last 11 years)
- Revenue (Sep 2026): ₹277 Cr (+23.7% on a year ago)
- Profit (Sep 2026): ₹66.0 Cr (+26.9% on a year ago)
- Net margin: 23.8% (+0.6 points on a year ago)
- ROE: 14%, FY26
- Gross NPA (bad loans): 0.69%

The main question: the share price moved +104.0% in a year while yearly earnings per share moved +17.6%. The difference came from the market paying a higher multiple. ## What is the Paisalo Digital share price today? Paisalo Digital Ltd's share price was ₹77.30 at the close on 3 November 2026. It has been rising for 27 weeks. That is 24.4% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹31 and ₹90, and at that close it sat 79% of the way up from that low. Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 41 weeks in a row. Over the last 11 years the share price moved +736% while the NIFTY 500 moved +251%, so it is ahead of the index over that whole period. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What changed at Paisalo Digital this quarter? Three changes stood out: profit up on a year earlier for 12 quarters in a row (every quarter we can compare), indian funds and insurers (DIIs) cut their stake for 4 quarters in a row and revenue up on a year earlier for 6 quarters in a row. 1. Profit up on a year earlier for 12 quarters in a row (every quarter we can compare) In the September 2026 quarter profit was ₹66 crore, +26.9% on a year earlier. Why: Profit rose because the company had to set aside much less money for loans that might not be repaid. Next results: check if repayments hold up in drought-hit western and southern districts, since that affects money kept aside for bad loans. From the earnings call on 22 Oct 2026. 2. Indian funds and insurers (DIIs) cut their stake for 4 quarters in a row From 7.7% to 5.7% of the company by the October 2026 quarter. 3. Revenue up on a year earlier for 6 quarters in a row In the September 2026 quarter revenue was ₹277 crore, +23.7% on a year earlier. Why: Revenue rose because the company paid out more money as loans. The money it paid out was up 42% and the total amount it had lent out was up 33%. Next results: check whether money raised late in the quarter gets lent out and helps income. From the earnings call on 22 Oct 2026. ## What are Paisalo Digital's latest quarterly results? For July to September 2026 (the quarter ended 30 September 2026), Paisalo Digital reported total income of ₹277 crore, up 23.7% from ₹224 crore a year earlier, and a profit of ₹66.0 crore, up 26.9% from ₹52.0 crore. ### Paisalo Digital results: July to September 2026 against a year earlier

| Measure | July to September 2026 | July to September 2025 | Change |
| --- | --- | --- | --- |
| Total income | ₹277 crore | ₹224 crore | +23.7% |
| Profit | ₹66.0 crore | ₹52.0 crore | +26.9% |
| Earnings per share | ₹0.72 | ₹0.57 | +26.3% |
| Net margin | 23.8% | 23.2% | +0.6 points |

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter). Paisalo Digital's management discussed these results on a call held on 22 October 2026; what it said is further down this page. (From the company's reported quarterly results (quarter ended 30 September 2026). Income and profit in ₹ crore.)

## What is the Paisalo Digital share price history? Paisalo Digital closed at ₹77.30 on 3 November 2026, up 104.0% from ₹37.89 a year earlier (31 October 2025) and up 57.4% over five years. Its highest weekly close since March 2016 was ₹95.45 on 2 March 2024. ### Paisalo Digital share price: then and now

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹76.16 | +1.5% |
| 1 month ago · 1 Oct 2026 | ₹79.90 | −3.3% |
| 6 months ago · 30 Apr 2026 | ₹49.94 | +54.8% |
| 1 year ago · 31 Oct 2025 | ₹37.89 | +104.0% |
| 3 years ago · 3 Nov 2023 | ₹39.45 | +95.9% |
| 5 years ago · 4 Nov 2021 | ₹49.11 | +57.4% |
| 10 years ago · 4 Nov 2016 | ₹11.25 | +587.1% |
| Earliest weekly close in our records · 11 Mar 2016 | ₹9.25 | +735.7% |
| Highest weekly close since March 2016 · 2 Mar 2024 | ₹95.45 | −19.0% |
| Lowest weekly close since March 2016 · 22 May 2020 | ₹7.46 | +936.2% |
| 52-week high (weekly close) · 18 Sep 2026 | ₹89.51 | −13.6% |
| 52-week low (weekly close) · 13 Mar 2026 | ₹30.97 | +149.6% |

Weekly closing prices, adjusted for splits and bonuses so every price is on today’s share count. Each change is the move from that price to the 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (564 weekly closes from 11 March 2016 to 3 November 2026.)

## What is the latest news on Paisalo Digital? 3 Nov 2026: Paisalo Digital closed at ₹77.30, up 1.5% on the week and down 3.3% on the month. 22 Oct 2026: Paisalo Digital held its results call for July to September 2026. Management guided: FY27 annualized NIM expected to close at about 6%. ### Earlier

- Our read, 10 Oct 2026: Reported income and profit grew year on year, while the latest quarter's higher interest expense restrained sequential profit.,Distribution and automation provide an organic growth route; new-product contribution remains a future test and SBI co-lending remains excluded from the base case.,Asset quality is management's explicit condition for keeping the growth timetable, while actual conversion dilution and institutional exits remain incompletely explained. - Results for July to September 2026: Total income up 23.7% and profit up 26.9% on a year earlier. - 11 Sep 2026: ex-date for a dividend of ₹0.10 a share, record date 14 Sep 2026. - 20 Mar 2024: Bonus issue: 1 new share for every 1 held (ex-date). ### Our read of the business

Reported income and profit grew year on year, while the latest quarter's higher interest expense restrained sequential profit.,Distribution and automation provide an organic growth route; new-product contribution remains a future test and SBI co-lending remains excluded from the base case.,Asset quality is management's explicit condition for keeping the growth timetable, while actual conversion dilution and institutional exits remain incompletely explained. Latest quarter: Organic growth continues, but funding and repricing timing constrain sequential profit. (Our read after the latest results, written 10 October 2026.)

## What dividend does Paisalo Digital pay? Paisalo Digital paid ₹0.10 a share in regular dividends in the 12 months to 4 November 2026 (1 payment), a yield of 0.13% at the ₹77.30 close on 3 November 2026. The last was a dividend of ₹0.10 a share, ex-date 11 September 2026. ### Paisalo Digital dividends since 1 April 2021

| Ex-date | Dividend per share | Type | Record date |
| --- | --- | --- | --- |
| 11 Sep 2026 | ₹0.10 | Dividend | 14 Sep 2026 |
| 22 Sep 2025 | ₹0.10 | Dividend | same day |
| 13 Sep 2024 | ₹0.10 | Dividend | n/a |
| 14 Sep 2023 | ₹0.10 | Dividend | n/a |
| 22 Sep 2022 | ₹0.10 | Dividend | n/a |
| 16 Sep 2021 | ₹1 | Dividend | n/a |

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. 5 of 5 Of the last 5 financial years, years with an NSE dividend record

Yes. Paisalo Digital Ltd paid out 4% of its profit as dividends in FY26, and it paid a dividend in each of its last 13 reported years. (From the NSE corporate-actions record, read 4 November 2026.)

## What did Paisalo Digital management say on the latest results call? On the call for July to September 2026, held on 22 October 2026, Paisalo Digital's management guided: FY27 annualized NIM expected to close at about 6%. > “Credit cost declined to 0.4% in Q2 FY27 compared with 1.1% in Q2 FY26, while H1 FY27 loan losses and provisions declined by 47% year-on-year to 155 million from 295 million in H1 FY26.”
> Harish Singh, CFO, on the call for July to September 2026

### What management guided

- Reported yields expected to normalize through Q3 and Q4 as late-quarter funding and deployment flow through. - AUM, revenue and profit planned to double by the end of the next three fiscal years. - Long-term sustained annualized ROE goal of 15%-18% and ROA of 4%-4.5%. - Consumer app planned by end-Q3; Q4 for stabilization and initial activity, with strategy metrics beginning in Q1 next fiscal year. Management’s own plans and goals, from our notes of the call. A plan is not a result. Source: [the call transcript](https://files.tijorifinance.com/insight/india/4780/Conference Call/CC-Oct26.pdf). (From the call for July to September 2026, 22 October 2026.)

## What is the future of Paisalo Digital? What is changing in the business? What is changing at Paisalo Digital, from the latest results and calls: technology-led productivity, funding diversification and repricing and collection-first underwriting. - Technology-led productivity. Application processing is scaling, but the earnings benefit still depends on spending and staffing discipline. ⚠ estimate
- Collection-first underwriting. Improving reported non-performing-asset ratios support growth, subject to seasoning and realised losses. ⚠ estimate
- Distribution and new-product contribution. The expanded network provides capacity to originate loans; new products must demonstrate profitable contribution. ⚠ estimate

We check 16 kinds of change in every company, such as costs spread over more sales, higher-value products, new orders, new regions or falling debt, against its reported numbers and what management said on its calls. Only changes the numbers back are shown. (Our read after the latest results, written 10 October 2026.)

## What could change the Paisalo Digital story? What are the risks? Repeated asset-quality deterioration that forces management to extend the growth timetable would break the claim that the franchise can scale without weakening underwriting. ### Each change stops working if

- Technology-led productivity: Cost-to-income keeps rising after the new workflows and products enter routine use. - Collection-first underwriting: Collections weaken and realised credit losses rise as the expanded loan book seasons. - Distribution and new-product contribution: New products remain immaterial at fiscal year-end despite the expanded distribution network. - SBI co-lending option: Bank compliance remains incomplete or the arrangement starts without material disbursements. ### The main risks

- : Book-value pricing requires sustained return improvement despite returns already being above the through-cycle estimate. ⚠ estimate
- Credit seasoning and regional collections: Rapid origination can precede losses that are not yet visible in reported ratios. ✓ fact
- Funding-cost pass-through lag: Customer repricing can lag funding resets and restrain profit despite loan growth. ✓ fact
- Guidance credibility and partnership delays: Earlier SBI launch deadlines remain unfulfilled in the latest operational-status disclosure. ✓ fact

(Our read after the latest results, written 10 October 2026.)

## What to watch in Paisalo Digital's next results? When Paisalo Digital reports October to December 2026, these are the 4 checks that show whether the story is still on course. First: NIM and lending yields - check whether late-quarter funding deployment reverses the compression without product repricing. - What to check (from the call)
- NIM and lending yields - check whether late-quarter funding deployment reverses the compression without product repricing. - Drought-affected cohorts - check post-harvest collections and early delinquency signals in western and southern districts. - Consumer app rollout - verify release, stability across distribution channels and initial usage reporting. - Co-lending - check partner-bank SIP/CBS readiness and evidence of live origination. ## Which stock lists is Paisalo Digital on? Paisalo Digital is on 2 of our India lists: Momentum stocks and Penny stocks. - [Momentum stocks Market cap cr: 7459.687142312095](https://www.sectoralpha.in/momentum-stocks-india)
- [Penny stocks Earnings growth, 12 months (%): 26.52](https://www.sectoralpha.in/penny-stocks-india)

## Is Paisalo Digital profitable? Paisalo Digital Ltd earned ₹66.0 Cr of net profit in the Sep 2026 quarter, +26.9% on the same quarter a year earlier. That is the 12th quarter in a row of profit growth. Full-year FY26 profit was ₹237 Cr. Over 10 years profit has grown 18.1% a year on average. That is 23.8% of the quarter's revenue. The same quarter a year earlier earned ₹52.0 Cr. For the full year, FY26 profit was ₹237 Cr (+18.5% on the year before). Why profit moved: revenue changed +23.7% on a year earlier and the margin moved +0.6 percentage points. Sales did the work, and the margin was about flat. On average over the last four quarters, profit changed +29.9% and revenue +23.6%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit. ## How much revenue does Paisalo Digital make, and is it growing? Paisalo Digital Ltd reported ₹277 Cr of income in the Sep 2026 quarter, +23.7% on the same quarter a year earlier. That is the 6th quarter in a row with growth on the year before. Over 10 years it has grown 16.4% a year on average. The last full year, FY26, came in at ₹931 Cr. Why this happened. Collateral, account monitoring and collection controls can protect principal while the book expands. Lower non-performing-asset ratios are directionally supportive, but rapid book growth can dilute those ratios before new vintages season. Provision pressure acknowledged in the earlier call prevents treating ratio improvement as conclusive evidence of lower realised losses. The benefit is retained only if recoveries and provisioning corroborate the ratios. The last four reported quarters add to ₹1,038 Cr. FY26 revenue was ₹931 Cr, +21.9% on the year before. Recent pace: the last four quarters grew +23.6% on average, against 16.4% a year over the longer run, so this year is growing faster than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +23.4%, against +17.5% a year over the last 8 quarters (accelerating); profit over the last 12 months grew +28.0%, against +20.0% a year (accelerating). ## How much does Paisalo Digital keep from what it earns? Paisalo Digital Ltd's net margin was 23.8% in the Sep 2026 quarter, 0.6 percentage points higher than the same quarter a year ago. Across 13 years it has been between 14.4% and 27.3%. The latest quarter is within that range. Why this happened. Automation can let incremental originations use fewer manual steps. Management reports increased onboarding activity and lower headcount, but also elevated transformation spending. Borrowers may capture part of the efficiency through pricing, and competitors can respond with similar digital workflows. Neither the retained saving nor competitor response is quantified. Treat this as support for the origination engine, not an additional profit stream layered onto distribution growth. Why: the net margin move is clear, but the cost details behind it are not in our data, so we show the move without guessing the reason. ## How many of Paisalo Digital's loans have gone bad? Paisalo Digital Ltd's gross NPA, the share of loans that have stopped being repaid, is 0.69% in Jun 2026. After the money already set aside for bad loans, 0.48% is left (net NPA). That is the 3rd quarter in a row of improvement. Across the 4 quarters on file it has been between 0.69% and 1.05%. Falling bad loans mean the loan book is healing; rising ones mean new damage. The bad-loan figures stop at Jun 2026, and our data does not yet carry gross and net NPA for the quarters after it, although results up to Sep 2026 are in. They are shown as filed, not estimated. In short: a lender's profit growth is only as good as its loans, and this loan book is healing, several quarters running. Quarterly detail on money set aside for bad loans is not in our data yet, so this shows the levels and the trend, not the cost of the clean-up. Why bad loans moved: recoveries, write-offs and new bad loans all play a part. That split is not in our data, so the page shows the trend without the breakdown. ## How fast is Paisalo Digital's loan book growing? Paisalo Digital Ltd's revenue was ₹931 Cr in FY26, +21.9% on the year before, so the loan book is growing. The latest quarter was +23.7% on a year earlier. The net margin on that income is 23.8%, +0.6 percentage points on a year ago. Interest income stands in for the size of the loan book; changes in interest rates can move it a few points in any year. In short: a lender grows well when its loan book grows, its margin stays steady and its loans stay clean. Gross NPA is the loan-quality figure this page uses. ## What is Paisalo Digital's P/BV ratio, and how does it compare with its own history? Paisalo Digital Ltd's P/BV is 3.6×, near the high end of its own history: higher than 81% of past readings. Its usual P/BV (the middle reading) is 2.3×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. Why the multiple is where it is: over the past year book value grew while the price moved +104.0%. The price ran ahead of book value, which pushed the multiple up within its own range. Where the price move came from: over 5 years the price moved +9.5% a year; about +14.7% a year came from book-value growth and about −5.2 percentage points from the multiple (the market paying less); over 10 years the price moved +21.3% a year; about +12.2% a year came from book-value growth and about +9.1 percentage points from the multiple (the market paying more). The split is approximate (price return minus book-value growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is high against its own past, so the book value trend underneath matters more than the multiple. ## What growth does the Paisalo Digital share price assume? Worked out from its price on 11 October 2026, Paisalo Digital Ltd's share price assumed profit growth of about 18.9% a year. Over the past 10 years its profit actually grew 18.1% a year. Today its P/BV is 3.6×, higher than 81% of its own last 11 years. This is a one-day reading, taken on 11 October 2026. Every other number on this page, the multiple included, uses the latest price as of 3 November 2026. A higher price assumes more growth and a lower price less, so it changes whenever the price changes, and this page does not update it between measurements. ## Is the Paisalo Digital business getting better or worse? Paisalo Digital Ltd's business is growing steadily. Revenue, profit and EPS growth have stayed positive throughout, and ROE is steady at 13.7%. This is based on 12 quarters of 4 measures. Why it matters: steady growth with healthy returns is how a business compounds over time. ## What is the Paisalo Digital story, and has it been checked? Paisalo Digital Ltd's story is not scored yet against the checks our research set on 10 October 2026. Where it sits in its own cycle: MID EXPANSION. Still open: Repeated asset-quality deterioration that forces management to extend the growth timetable would break the claim that the franchise can scale without weakening underwriting. Our read, 10 October 2026. From the numbers. The separate pe cycle current block is null, so the matrix label and institutional signal are taken from this week's supplied pe pb cycle snapshot. From the price. Price stage 2, week 27, above its 200-day line, relative strength falling. From the research. Where they disagree. The separate pe cycle current block is null, so the matrix label and institutional signal are taken from this week's supplied pe pb cycle snapshot. The pe_4q…

What is proven. What is not proven yet. Repeated asset-quality deterioration that forces management to extend the growth timetable would break the claim that the franchise can scale without weakening underwriting. What would change our mind. Repeated asset-quality deterioration that forces management to extend the growth timetable would break the claim that the franchise can scale without weakening underwriting. The test written in advance. Repeated asset-quality deterioration that forces management to extend the growth timetable would break the claim that the franchise can scale without weakening underwriting. Measured by: the thesis as written as stated by the next result. The test written in advance. The test written in advance. Credit seasoning and regional collections. Measured by: Credit seasoning and regional collections Asset-quality deterioration causes management to extend guidance timing. by the next result. What the company does. Reported income and profit grew year on year, while the latest quarter's higher interest expense restrained sequential profit. Distribution and automation provide an organic growth route; new-product contribution remains a future test and SBI co-lending remains excluded from the base case. Asset quality is management's explicit condition for keeping the growth timetable, while actual conversion dilution and institutional exits remain incompletely explained. What the surface reading misses. The surface reading is: Growing profit and low non-performing-asset ratios suggest improving execution. The research reads it further: Book expansion can dilute non-performing-asset ratios before recent originations season; sequential profit also depends on funding deployment and repricing. What the surface reading misses. The surface reading is: The quarter shows higher profit and lower non-performing-asset ratios. The research reads it further: Funding efficiency and net interest income support the result, while the comparison quarter's lower profit base magnifies growth. Lever 1 · Operating leverage: building. Application processing is scaling, but the earnings benefit still depends on spending and staffing discipline. What proves it keeps working: Technology-led productivity. It stops working if Cost-to-income keeps rising after the new workflows and products enter routine use. Lever 4 · Paying down debt: building. Diversified funding supports loan deployment, but customer repricing must catch up when borrowing costs increase. What proves it keeps working: Funding diversification and repricing. It stops working if Borrowing-cost increases persist without matching customer repricing or productive deployment. Lever 7 · Consolidation: building. Improving reported non-performing-asset ratios support growth, subject to seasoning and realised losses. What proves it keeps working: Collection-first underwriting. It stops working if Collections weaken and realised credit losses rise as the expanded loan book seasons. Lever 10 · New geographies: building. The expanded network provides capacity to originate loans; new products must demonstrate profitable contribution. What proves it keeps working: Distribution and new-product contribution. It stops working if New products remain immaterial at fiscal year-end despite the expanded distribution network. Sources: our stock research file (10 October 2026) · quarterly results through Sep 2026 · the company’s own earnings calls. The story check is re-scored every results season; the record below never changes. ## Did Paisalo Digital management deliver what it promised? What Paisalo Digital Ltd's management promised, against what actually happened: 4 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. Co-lending Activation Timeline Slipped · 22 October 2026. In May 2026, management expected one co-lending method to go live within that quarter and the second by the end of the first quarter of the new fiscal year or early next quarter; by Oct 2026, the program was still described as status quo. The latest call cited bank-side compliance and a SIP/CBS process, but did not provide a revised activation date or reconcile the missed timing. AI Bot Baseline Is Unreconciled · 22 October 2026. The Aug 2026 call reported that the number of AI bots had expanded from 7 to 18 during Q1, but the Oct 2026 Q&A described the Q1 baseline as basically zero bots. Since the latest call uses AI adoption to support its operating-leverage narrative, management should clarify whether these statements refer to different bot categories or whether the earlier baseline was misstated. 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. Every quote above is taken word for word from the company’s own earnings calls. ## What is Paisalo Digital management's track record? DELIVERY clean (profit +56% on a year earlier, GNPA 0.74%) but FORWARD guidance weak (3 cross-call contradictions). ### Regulatory and governance record

No SEBI/CBI/ED enforcement; CAUTION = the guidance pattern + the unexplained promoter dilution. (Checked 7 June 2026.)

## How much does Paisalo Digital earn on its equity and assets? Paisalo Digital Ltd earned a return on equity of 14% in FY26. Its lowest yearly reading on file was 7% in FY21. On its assets, every ₹100 earned about ₹4.03, before the effect of borrowing. For a lender the balance sheet is the business, so the return on equity and on assets have to be read together. That is above the level a bank needs to grow its net worth steadily. Why ROE moved: profit grew 18.1% a year over 10 years while net worth grew more slowly. When earnings recover faster than net worth builds up, ROE climbs off its low. ## Does Paisalo Digital have too much debt? For a bank, borrowing is the raw material of the business, not a warning sign: it borrows money in order to lend it out. Its safety is read through its returns and its loans. Its safety is read from the bad-loan figures and the return on equity instead. Why this happened. The Predictable Repricing Catalyst applies conditionally: funding resets occur before increases can be passed to customers. Funding raised before deployment also creates a carrying cost. A benefit reaches profit only when assets are deployed and yields retain the spread after credit losses; liability access alone is not margin improvement. The latest summary does not provide a complete yield-to-funding-cost bridge or a dated pass-through schedule. For a manufacturer, debt is a claim on its profits. For a lender it is the stock it trades in, so the usual debt-to-equity test would mislead and is not used here. ## What is the Paisalo Digital shareholding pattern? Promoters cut their stake in Paisalo Digital Ltd by 7.4 percentage points over 8 quarters, the biggest change among its owners. Promoters now own 45.2% of the company. Domestic institutions moved −5.7 points over the same period, to 5.7%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Promoters: −7.4 points over 8 quarters, to 45.2%; Domestic institutions: −5.7 points over 8 quarters, to 5.7%; Foreign institutions: −2.4 points over 8 quarters, to 7.2%. Why the owners changed: promoters drove it (−7.4 points), together with domestic institutions (−5.7 points). They reduced their stake. ## How far is Paisalo Digital from balance-sheet trouble? For Paisalo Digital Ltd, the Z-score is not used, because it was built for manufacturers, not lenders. For a lender, safety is read from its capital and bad-loan figures instead. ## How does Paisalo Digital rank in its industry? 55.8 out of 100, rank 7 of 16 in Finance - Capital Markets - Brokers, with 93% of the evidence available. Paisalo Digital Ltd scores 55.8 out of 100 against the 16 companies it is compared with in Finance - Capital Markets - Brokers, ranking 7. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 21 + 14.7 + 4 + 16.1 = 55.8. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if ROA turns down or gross NPA rises while the share price lags its sector. ## Which companies is Paisalo Digital compared with? Paisalo Digital ranks 7 of 16 Finance - Capital Markets - Brokers companies on the 4-Factor Sector Score, with 55.8 out of 100. 1. [Share India Securities Ltd](https://www.sectoralpha.in/stocks/share-india-securities-ltd) SHAREINDIA · turning · Most evidence points up · 82% evidence 75.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 26.8/35 · Income 27.9% · Profit 34.5% · 86% evidence Capital efficiency 15.8/25 · ROA 7.6% · ROE 13% · GNPA n/a · 72% evidence Valuation 15.8/20 · P/BV 1.32× · P/BV÷ROE 0.1 · 70% evidence Relative strength 16.8/20 · Lead over its industry 14.3% · Lead over NIFTY 500 15.7% · 1 year -5.2% · 100% evidence · 11 of 12 weeks ahead Exact sum: 26.8 + 15.8 + 15.8 + 16.8 = 75.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 2. [Indo Thai Securities Ltd](https://www.sectoralpha.in/stocks/indo-thai-securities-ltd) INDOTHAI · Most evidence points up · 62% evidence 69.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 27.8/43.75 · Income 100% · Profit 100% · 86% evidence Capital efficiency 21.2/31.25 · ROA 5.4% · ROE 28.7% · GNPA n/a · 72% evidence Valuation 20.6/25 · P/BV 1.44× · P/BV÷ROE 0.05 · 70% evidence Relative strength: no reading this week · its 20 points are shared across the other three Exact sum: 27.8 + 21.2 + 20.6 = 69.6 (no relative-strength reading this week; its 20 points are shared across the other three) · What this means: There is no relative-strength reading for this week, so the score is built from earnings, capital efficiency and valuation alone. 3. [Monarch Networth Capital Ltd](https://www.sectoralpha.in/stocks/monarch-networth-capital-ltd) MONARCH · losing its lead · Most evidence points up · 88% evidence 68.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.0/35 · Income 27% · Profit 23.7% · 86% evidence Capital efficiency 19.8/25 · ROA 11.5% · ROE 20.5% · GNPA n/a · 72% evidence Valuation 14.3/20 · P/BV 2.63× · P/BV÷ROE 0.13 · 100% evidence Relative strength 12.9/20 · Lead over its industry 13.3% · Lead over NIFTY 500 14.7% · 1 year 14.3% · 100% evidence · 8 of 12 weeks ahead Exact sum: 21 + 19.8 + 14.3 + 12.9 = 68 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [Angel One Ltd](https://www.sectoralpha.in/stocks/angel-one-ltd) ANGELONE · turning · Evidence leans up · 88% evidence 63.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 27.1/35 · Income 21.2% · Profit 47.7% · 86% evidence Capital efficiency 16.0/25 · ROA 5.1% · ROE 15.6% · GNPA n/a · 72% evidence Valuation 9.2/20 · P/BV 3.87× · P/BV÷ROE 0.25 · 100% evidence Relative strength 11.2/20 · Lead over its industry 3% · Lead over NIFTY 500 4.2% · 1 year 13.5% · 100% evidence · 0 of 12 weeks ahead Exact sum: 27.1 + 16 + 9.2 + 11.2 = 63.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 5. [Anand Rathi Share & Stock Brokers Ltd](https://www.sectoralpha.in/stocks/anand-rathi-share-stock-brokers-ltd) ARSSBL · quiet · Evidence leans up · 67% evidence 60.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 26.8/35 · Income 23% · Profit 58.2% · 86% evidence Capital efficiency 13.5/25 · ROA 3.2% · ROE 14% · GNPA n/a · 72% evidence Valuation 12.1/20 · P/BV 2.12× · P/BV÷ROE 0.15 · 70% evidence Relative strength 7.8/20 · Lead over its industry n/a · Lead over NIFTY 500 -11.3% · 1 year -8.9% · 25% evidence · 0 of 12 weeks ahead Exact sum: 26.8 + 13.5 + 12.1 + 7.8 = 60.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. [SMC Global Securities Ltd](https://www.sectoralpha.in/stocks/smc-global-securities-ltd) SMCGLOBAL · leader · Evidence leans up · 88% evidence 57.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.0/35 · Income 18.3% · Profit 18.2% · 86% evidence Capital efficiency 10.9/25 · ROA 2.1% · ROE 8.1% · GNPA n/a · 72% evidence Valuation 8.8/20 · P/BV 1.4× · P/BV÷ROE 0.17 · 100% evidence Relative strength 18.8/20 · Lead over its industry 22.8% · Lead over NIFTY 500 24.4% · 1 year 34.7% · 100% evidence · 12 of 12 weeks ahead Exact sum: 19 + 10.9 + 8.8 + 18.8 = 57.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 7. Paisalo Digital Ltd this page PAISALO · leader · Evidence leans up · 93% evidence 55.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.0/35 · Income 23.4% · Profit 28% · 100% evidence Capital efficiency 14.7/25 · ROA 3.5% · ROE 14.4% · GNPA n/a · 72% evidence Valuation 4.0/20 · P/BV 3.71× · P/BV÷ROE 0.26 · 100% evidence Relative strength 16.1/20 · Lead over its industry 54.7% · Lead over NIFTY 500 55.5% · 1 year 107.5% · 100% evidence · 12 of 12 weeks ahead Exact sum: 21 + 14.7 + 4 + 16.1 = 55.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 8. [IIFL Capital Services Ltd](https://www.sectoralpha.in/stocks/iifl-capital-services-ltd) IIFLCAPS · breaking out · Evidence leans up · 75% evidence 54.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 13.8/35 · Income 11.5% · Profit 4.8% · 52% evidence Capital efficiency 17.3/25 · ROA 5.8% · ROE 16.2% · GNPA n/a · 68% evidence Valuation 8.2/20 · P/BV 3.16× · P/BV÷ROE 0.2 · 100% evidence Relative strength 15.0/20 · Lead over its industry 9.6% · Lead over NIFTY 500 11.1% · 1 year 1.9% · 100% evidence · 6 of 12 weeks ahead Exact sum: 13.8 + 17.3 + 8.2 + 15 = 54.3 · What this means: Relative strength against the index is 11.1%, and revenue and profit growth are weak. 9. [Choice International Ltd](https://www.sectoralpha.in/stocks/choice-international-ltd) CHOICEIN · quiet · Evidence leans up · 67% evidence 50.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.6/35 · Income 26.5% · Profit 40.2% · 45% evidence Capital efficiency 17.7/25 · ROA 7.7% · ROE 16.1% · GNPA n/a · 68% evidence Valuation 3.6/20 · P/BV 9.61× · P/BV÷ROE 0.6 · 70% evidence Relative strength 7.2/20 · Lead over its industry 0.1% · Lead over NIFTY 500 1.5% · 1 year -13.8% · 100% evidence · 7 of 12 weeks ahead Exact sum: 21.6 + 17.7 + 3.6 + 7.2 = 50.1 · What this means: A strong business with a high valuation: it would need rising earnings, or a lower multiple, to score better on value. 10. [Arihant Capital Markets Ltd](https://www.sectoralpha.in/stocks/arihant-capital-markets-ltd) ARIHANTCAP · breaking out · Evidence leans down · 88% evidence 48.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 14.1/35 · Income 22.3% · Profit 2.2% · 86% evidence Capital efficiency 11.9/25 · ROA 4.1% · ROE 7.7% · GNPA n/a · 72% evidence Valuation 6.2/20 · P/BV 1.93× · P/BV÷ROE 0.25 · 100% evidence Relative strength 16.7/20 · Lead over its industry 9.6% · Lead over NIFTY 500 11.2% · 1 year -17.7% · 100% evidence · 11 of 12 weeks ahead Exact sum: 14.1 + 11.9 + 6.2 + 16.7 = 48.9 · What this means: Relative strength against the index is 11.2%, and revenue and profit growth are weak. 11. [Summit Securities Ltd](https://www.sectoralpha.in/stocks/summit-securities-ltd) SUMMITSEC · basing · Evidence leans down · 78% evidence 43.4 out of 100 Growth Capital Valuation Relative
12. [Meghna Infracon Infrastructure Ltd](https://www.sectoralpha.in/stocks/meghna-infracon-infrastructure-ltd) MIIL · quiet · Evidence leans down · 63% evidence 36.8 out of 100 Growth Capital Valuation Relative
13. [5paisa Capital Ltd](https://www.sectoralpha.in/stocks/5paisa-capital-ltd) 5PAISA · turning · Evidence leans down · 88% evidence 35.2 out of 100 Growth Capital Valuation Relative
14. [Geojit Financial Services Ltd](https://www.sectoralpha.in/stocks/geojit-financial-services-ltd) GEOJITFSL · quiet · Most evidence points down · 75% evidence 30.3 out of 100 Growth Capital Valuation Relative
15. [Billionbrains Garage Ventures Ltd](https://www.sectoralpha.in/stocks/billionbrains-garage-ventures-ltd) GROWW · turning · Too little evidence to rank firmly · 49% evidence 60.4 out of 100 Growth Capital Valuation Relative
16. [Emkay Global Financial Services Ltd](https://www.sectoralpha.in/stocks/emkay-global-financial-services-ltd) EMKAY · breaking out · Too little evidence to rank firmly · 50% evidence 44.6 out of 100 Growth Capital Valuation Relative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. 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 path the industry 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 growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Finance - Capital Markets - Brokers](https://www.sectoralpha.in/sectors/finance-capital-markets-brokers), all 16 compared on one page. ## Which companies are close to Paisalo Digital in size? Paisalo Digital is the 5th largest of 16 Finance - Capital Markets - Brokers companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Angel One, Choice International and IIFL Capital Services. Just below it: Share India Securities, Anand Rathi Share & Stock Brokers and Monarch Networth Capital. ### Finance - Capital Markets - Brokers companies close in size

1. [Angel One Ltd](https://www.sectoralpha.in/stocks/angel-one-ltd) ₹25,814 crore
2. [Choice International Ltd](https://www.sectoralpha.in/stocks/choice-international-ltd) ₹16,070 crore
3. [IIFL Capital Services Ltd](https://www.sectoralpha.in/stocks/iifl-capital-services-ltd) ₹10,976 crore
4. Paisalo Digital Ltd ₹7,392 crore
5. [Share India Securities Ltd](https://www.sectoralpha.in/stocks/share-india-securities-ltd) ₹3,850 crore
6. [Anand Rathi Share & Stock Brokers Ltd](https://www.sectoralpha.in/stocks/anand-rathi-share-stock-brokers-ltd) ₹2,927 crore
7. [Monarch Networth Capital Ltd](https://www.sectoralpha.in/stocks/monarch-networth-capital-ltd) ₹2,790 crore

[All 16 Finance - Capital Markets - Brokers companies, largest first](https://www.sectoralpha.in/sectors/finance-capital-markets-brokers#all-companies)

### Companies close in size in other industries

1. [Gujarat Narmada Valley Fertilizers & Chemicals Ltd](https://www.sectoralpha.in/stocks/gujarat-narmada-valley-fertilizers-chemicals-ltd) ₹7,415 crore · Fertilisers
2. [Reliance Power Ltd](https://www.sectoralpha.in/stocks/reliance-power-ltd) ₹7,407 crore · Power - Generation/Distribution
3. Paisalo Digital Ltd ₹7,392 crore
4. [Cello World Ltd](https://www.sectoralpha.in/stocks/cello-world-ltd) ₹7,391 crore · Opalware
5. [Sanofi India Ltd](https://www.sectoralpha.in/stocks/sanofi-india-ltd) ₹7,379 crore · Pharma - MNC bulk Drugs

## What else do people ask about Paisalo Digital? ### What is Paisalo Digital's share price today? Paisalo Digital Ltd's share price is ₹77.30, +104.0% over the past year. The whole company is worth ₹7,270 Cr on the market. In the last 52 weeks it traded between ₹31 to ₹90; today it is 79% of the way up from the low, 24.4% above its 200-day average (as of 3 November 2026). ### What were Paisalo Digital's latest quarterly results? Paisalo Digital Ltd reported total income of ₹277 Cr and net profit of ₹66.0 Cr for the Sep 2026 quarter. Income rose 23.7% and profit rose 26.9% compared with a year earlier. Earnings per share were ₹0.72. The net margin was 23.8%, 0.6 percentage points higher than a year earlier (as of 3 November 2026). ### What is Paisalo Digital's market cap? Paisalo Digital Ltd's market capitalisation is ₹7,270 Cr at a share price of ₹77.30. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Paisalo Digital performing? Paisalo Digital Ltd's share price has been rising for 27 weeks. In its latest quarter, income rose 23.7% and profit rose 26.9% compared with a year earlier. Over the past 13 weeks it has done better than the NIFTY 500, for 41 weeks running (as of 3 November 2026). ### Will Paisalo Digital's share price go up? This page does not forecast Paisalo Digital Ltd's share price. What it shows instead: the share price is ₹77.30, and it has been rising for 27 weeks. Its P/BV of 3.6× is higher than 81% of its own last 11 years (as of 3 November 2026). ### Who owns Paisalo Digital? Promoters own 45.2% of Paisalo Digital Ltd, foreign institutions 7.2%, domestic institutions 5.7% and the public 41.9% (latest quarter). The biggest change over the last two years: Promoters cut their stake by 7.4 percentage points over 8 quarters (as of 3 November 2026). ### Where is Paisalo Digital in its business cycle? Paisalo Digital Ltd's FY26 net margin was 25.5%, against a 13-year range of 14.4% to 27.3%: the middle of its own range, neither a peak nor a low. The latest quarter was 23.8%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Paisalo Digital story? The main question: the share price moved +104.0% in a year while yearly earnings per share moved +17.6%. The difference came from the market paying a higher multiple. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Paisalo Digital a stock worth studying right now? What the numbers show: Paisalo Digital Ltd's share price has risen faster than its earnings: +104.0% in a year, against +17.6% for earnings per share. The main open question: whether earnings grow into a price that has already moved. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ### Is there a Paisalo Digital share price forecast for 2026? What management itself guided: FY27 annualized NIM expected to close at about 6%. What is changing at Paisalo Digital, from the latest results and calls: technology-led productivity, funding diversification and repricing and collection-first underwriting. What would change the story: Repeated asset-quality deterioration that forces management to extend the growth timetable would break the claim that the franchise can scale without weakening underwriting. ### Where does this page get Paisalo Digital's management information? From Paisalo Digital's results calls, its filings and public records on governance, each dated on the page. Management’s plans are shown as plans, never as results. ## Lists

- Momentum stocks: https://www.sectoralpha.in/momentum-stocks-india
- Penny stocks: https://www.sectoralpha.in/penny-stocks-india

This is research, not advice. We’re not SEBI-registered.