Paisalo Digital Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹73.84Overvalued by 17.40%vs CMP ₹89.40

P/E (32.5) × ROE (14.4%) × BV (₹19.70) × DY (0.11%)

₹42.08Overvalued by 52.93%vs CMP ₹89.40

MoS: -112.5% (Negative)Confidence: 59/100 (Moderate)Models: 1 Fair, 7 Over

Model	Category	Value	Weight	Signal
PE-ROE	Earnings	₹89.31	24%	Fair (-0.1%)
Graham Number	Earnings	₹32.14	17%	Over (-64%)
Earnings Power	Earnings	₹15.32	12%	Over (-82.9%)
DCF	Cash Flow	₹56.53	12%	Over (-36.8%)
Net Asset Value	Assets	₹19.58	8%	Over (-78.1%)
EV/EBITDA	Enterprise	₹0.55	10%	Over (-99.4%)
Earnings Yield	Earnings	₹23.30	8%	Over (-73.9%)
ROCE Capital	Returns	₹31.21	10%	Over (-65.1%)
Consensus (8 models)		₹42.08	100%	Overvalued

Key Drivers: Wide model spread (₹1–₹89) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 21.0%

*Investments are subject to market risks

Analysis summary

Data coverage: Price-data record updated 24 September 2026, 9:54 pm +05:30. Annual results through Mar 2025; quarterly results through Dec 2025; cash flow through Mar 2026. Each section can have a different reporting period. The share price is not live.

Valuation in context

Operating performance

Revenue for Mar 2025 was ₹764.00 Cr, versus ₹656.00 Cr in Mar 2024 (16.5% year on year). Net profit for Mar 2025 was ₹200.00 Cr, versus ₹179.00 Cr in Mar 2024 (11.7% year on year). These are the latest annual periods stored on this page; check the quarterly table separately for more recent developments.

Cash generation

For the same Mar 2025 period, operating cash flow was ₹-842.00 Cr against net profit of ₹200.00 Cr. Cash flow covered -4.21 times reported profit. The gap warrants checking receivables, working capital and one-off items in the cash-flow statement. For financial businesses, lending and investment movements can dominate operating cash flow; also examine asset quality, capital adequacy and the business mix.

How to use the valuation and peer comparisons

The Intrinsic Value panel combines the available model estimates using the displayed weights. Earnings, cash-flow, dividend and asset-based methods can give very different answers. The displayed 12% cost of equity and 4% terminal growth assumptions apply where relevant; historical EPS growth is not a promise of future growth. Use the individual values and their spread to judge sensitivity.

The peer group follows the stored industry classification and may include different business models. Compare reporting periods, leverage and recurring earnings before interpreting a valuation gap. For banks and other financial businesses, capital adequacy and asset quality can be more informative than industrial-company cash-flow ratios.

Sources: Company data source. Check the company filings linked by the source for the reporting basis and exceptional items.

Automatically generated interpretation of the stored financial data, not a separately researched analyst opinion. Missing data is not evidence of poor performance. New filings become available here after the existing data refresh process captures them.

Investment Snapshot

Paisalo Digital Ltd scores 51/100 (Average)

Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison

Stock Health61/100 · Moderate

ROCE 12.4% GoodROE 14.4% GoodD/E 2.32 High debtInterest Coverage 1.8x RiskyProfitable 5/5 available years Reported history

Smart Money30/100 · Weak

FII holding down -14.10% (6mo) SellingDII holding down 0.85% MF sellingPromoter increased by 4.96% Positive

Earnings Quality35/100 · Weak

CFO/NP ratio: -3.94x Poor cash conversion

Quarterly Momentum58/100 · Moderate

Profit (4Q): +11% YoY Positive

Industry Rank65/100 · Strong

P/E 32.5 vs industry 58.6 Lower P/EROCE 12.4% vs industry 10.5% Average

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores use stored reporting periods and are screening indicators, not investment recommendations. Missing health ratios are excluded. Broad industry groups and financial-sector accounting can limit comparability.

Share Price and Basic Stock Data

Last Updated: September 24, 2026, 9:54 pm

Market Cap	8,187 Cr.
Current Price	89.4
Intrinsic Value	₹42.30
High / Low	94.9/30.0
Stock P/E	32.5
Book Value	19.7
Dividend Yield	0.11 %
ROCE	12.4 %
ROE	14.4 %
Face Value	1.00
PEG Ratio	1.55

Understand these figures: how to read the P/E ratio, ROE versus earnings per share, and calculate intrinsic value.

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for Paisalo Digital Ltd

Competitors

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Paisalo Digital Ltd	8,187 Cr.	89.4	94.9/30.0	32.5	19.7	0.11 %	12.4 %	14.4 %	1.00
Religare Enterprises Ltd	8,284 Cr.	240	285/197	167	87.4	0.00 %	3.50 %	3.18 %	10.0
Ujjivan Financial Services Ltd	7,179 Cr.	590	/	8.75	299	0.00 %	10.3 %	32.1 %	10.0
IIFL Capital Services Ltd	10,957 Cr.	348	411/240	19.2	98.4	0.86 %	21.1 %	16.2 %	2.00
RRP Semiconductor Ltd	11,182 Cr.	8,208	11,902/6,769		6.64	0.00 %	32.7 %	61.0 %	10.0
Industry Average	10,349.48 Cr	1,153.66		58.63	3,572.45	0.49%	10.48%	14.03%	7.06

All Competitor Stocks of Paisalo Digital Ltd

Quarterly Result

Metric	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Revenue	122	118	136	145	183	195	187	187	204	194	219	224	240
Interest	52	59	60	60	64	86	83	77	82	86	94	98	95
Expenses	32	25	24	20	42	59	47	42	38	43	59	55	53
Financing Profit	38	33	53	64	77	50	57	68	84	65	66	71	93
Financing Margin %	31%	28%	39%	45%	42%	26%	30%	36%	41%	33%	30%	32%	39%
Other Income	0	-5	0	0	0	0	0	0	0	1	0	0	-1
Depreciation	1	1	1	1	1	1	1	1	1	2	2	2	3
Profit before tax	37	28	52	64	76	50	56	67	82	63	64	69	89
Tax %	25%	26%	26%	25%	26%	26%	26%	26%	24%	27%	26%	25%	25%
Net Profit	28	21	38	47	56	37	41	50	62	46	47	52	66
EPS in Rs	0.31	0.23	0.43	0.53	0.63	0.41	0.46	0.56	0.70	0.51	0.52	0.57	0.73
Gross NPA %			0.26%						1.05%				0.81%
Net NPA %			0.04%						0.80%				0.65%

Last Updated: March 3, 2026, 3:53 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 25, 2026, 7:46 am

Metric	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Revenue	218	190	204	264	302	361	375	346	392	471	656	764	877
Interest	62	58	67	94	118	149	157	162	184	209	270	328	373
Expenses	68	60	61	85	93	122	140	103	97	129	142	163	210
Financing Profit	89	72	76	85	92	90	78	81	110	134	244	273	294
Financing Margin %	41%	38%	37%	32%	30%	25%	21%	23%	28%	28%	37%	36%	34%
Other Income	0	1	-1	0	0	0	0	0	-0	-4	1	1	0
Depreciation	4	6	5	6	6	5	4	4	3	3	3	5	10
Profit before tax	84	67	70	79	86	85	74	78	107	126	241	268	285
Tax %	33%	34%	35%	34%	33%	34%	27%	25%	26%	26%	26%	25%
Net Profit	56	44	45	52	58	56	54	58	79	94	179	200	211
EPS in Rs	0.69	0.54	0.56	0.64	0.71	0.70	0.64	0.69	0.90	1.04	1.99	2.22	2.33
Dividend Payout %	7%	9%	9%	8%	7%	7%	8%	7%	6%	5%	5%	5%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024	2024-2025
YoY Net Profit Growth (%)	-21.43%	2.27%	15.56%	11.54%	-3.45%	-3.57%	7.41%	36.21%	18.99%	90.43%	11.73%
Change in YoY Net Profit Growth (%)	0.00%	23.70%	13.28%	-4.02%	-14.99%	-0.12%	10.98%	28.80%	-17.22%	71.44%	-78.69%

Paisalo Digital Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:	15%
5 Years:	16%
3 Years:	25%
TTM:	13%

Compounded Profit Growth
10 Years:	17%
5 Years:	30%
3 Years:	36%
TTM:	13%

Stock Price CAGR
10 Years:	10%
5 Years:	10%
3 Years:	-2%
1 Year:	-44%

Return on Equity
10 Years:	10%
5 Years:	11%
3 Years:	13%
Last Year:	14%

Last Updated: September 5, 2025, 12:05 pm

Balance Sheet

Last Updated: July 13, 2026, 1:00 am

Month	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	41	41	41	41	41	42	42	44	45	90	90	91
Reserves	489	479	523	573	624	724	823	980	1,118	1,240	1,445	1,702
Borrowing	413	569	754	1,079	1,157	1,237	1,322	1,676	2,117	2,655	3,559	4,360
Other Liabilities	180	277	289	350	354	246	84	58	74	138	160	147
Total Liabilities	1,122	1,366	1,606	2,042	2,175	2,249	2,270	2,758	3,354	4,123	5,255	6,300
Fixed Assets	3	3	3	7	9	66	64	64	66	66	75	84
CWIP	0	0	0	0	0	0	0	0	0	0	0	0
Investments	32	27	25	24	24	24	24	26	25	20	20	20
Other Assets	1,087	1,336	1,578	2,012	2,142	2,159	2,182	2,668	3,262	4,037	5,160	6,196
Total Assets	1,122	1,366	1,606	2,042	2,175	2,249	2,270	2,758	3,354	4,123	5,255	6,300

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity +	21	-74	-203	-382	-3	35	-98	-396	-452	-570	-842	-783
Cash from Investing Activity +	20	4	1	4	-4	-0	-0	-3	-5	3	-13	-15
Cash from Financing Activity +	-36	84	182	380	9	-14	111	362	476	553	944	843
Net Cash Flow	6	13	-19	2	3	21	13	-37	19	-15	90	45
Free Cash Flow	20	-75	-203	-378	-6	35	-98	-398	-457	-573	-854	-798
CFO/OP	25%	-43%	-97%	-168%	12%	25%	-33%	-124%	-122%	-97%	-128%	-100%

Free Cash Flow

Free cash flow reported in the stored cash-flow statement (₹ Cr)
Period	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Free Cash Flow	20.00	-75.00	-203.00	-378.00	-6.00	35.00	-98.00	-398.00	-457.00	-573.00	-854.00	-798.00

This table and the chart use the Free Cash Flow row from the same stored cash-flow statement. Free cash flow generally measures operating cash flow after capital expenditure; check the source definition and reporting basis. It is not operating profit minus borrowings.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
ROE %	12%	8%	9%	10%	10%	9%	8%	7%	8%	9%	14%	14%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Promoters	47.05%	48.86%	50.38%	51.66%	52.38%	52.62%	50.37%	48.21%	41.16%	41.75%	41.75%	46.71%
FIIs	17.01%	15.66%	15.06%	13.83%	10.72%	9.53%	10.38%	8.08%	20.89%	20.08%	17.55%	6.79%
DIIs	14.20%	14.15%	12.88%	12.80%	12.69%	11.44%	10.77%	10.34%	7.68%	7.69%	6.84%	6.83%
Public	21.73%	21.33%	21.68%	21.71%	24.22%	26.40%	28.47%	33.36%	30.25%	30.47%	33.86%	39.66%
No. of Shareholders	21,416	21,874	52,323	57,711	71,338	78,788	85,096	99,608	1,14,723	1,09,247	1,01,364	90,332

Shareholding Pattern Chart

No. of Shareholders

Paisalo Digital Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
Motilal Oswal Nifty Microcap 250 Index Fund	337,963	0.48	2.75	337,963	2025-04-22 17:25:23	0%
Groww Nifty Total Market Index Fund	881	0.02	0.01	881	2025-04-22 17:25:23	0%

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21
FaceValue	1.00	1.00	1.00	10.00	10.00
Basic EPS (Rs.)	2.23	3.87	2.10	18.71	14.49
Diluted EPS (Rs.)	2.23	3.87	2.10	18.71	14.49
Cash EPS (Rs.)	2.28	2.03	2.16	18.78	15.37
Book Value[Excl.RevalReserv]/Share (Rs.)	16.98	14.77	25.81	232.25	203.67
Book Value[Incl.RevalReserv]/Share (Rs.)	17.01	14.80	25.89	233.04	204.51
Revenue From Operations / Share (Rs.)	8.55	7.33	10.54	89.31	81.80
PBDIT / Share (Rs.)	6.67	5.73	7.63	67.06	58.23
PBIT / Share (Rs.)	6.60	5.69	7.56	66.32	57.35
PBT / Share (Rs.)	2.97	2.69	2.81	24.39	19.16
Net Profit / Share (Rs.)	2.22	1.99	2.08	18.04	14.48
NP After MI And SOA / Share (Rs.)	2.22	1.99	2.08	18.04	14.48
PBDIT Margin (%)	77.98	78.05	72.42	75.08	71.18
PBIT Margin (%)	77.27	77.53	71.73	74.25	70.10
PBT Margin (%)	34.80	36.61	26.67	27.31	23.42
Net Profit Margin (%)	25.95	27.16	19.78	20.20	17.70
NP After MI And SOA Margin (%)	25.95	27.16	19.78	20.20	17.70
Return on Networth / Equity (%)	13.06	13.49	8.07	7.76	7.11
Return on Capital Employeed (%)	36.93	24.06	19.87	19.06	19.13
Return On Assets (%)	3.80	4.34	2.79	2.87	2.50
Long Term Debt / Equity (X)	0.00	0.52	0.42	0.45	0.42
Total Debt / Equity (X)	2.32	2.00	1.83	1.64	1.53
Asset Turnover Ratio (%)	0.16	0.17	0.15	0.14	0.13
Current Ratio (X)	1.41	2.02	1.99	2.18	2.01
Quick Ratio (X)	1.41	2.02	1.99	2.18	2.01
Dividend Payout Ratio (NP) (%)	4.50	5.01	4.90	5.54	6.90
Dividend Payout Ratio (CP) (%)	4.38	4.92	4.73	5.32	6.50
Earning Retention Ratio (%)	95.50	94.99	95.10	94.46	93.10
Cash Earning Retention Ratio (%)	95.62	95.08	95.27	94.68	93.50
Interest Coverage Ratio (X)	1.83	1.90	1.64	1.60	1.52
Interest Coverage Ratio (Post Tax) (X)	1.61	1.66	1.47	1.43	1.38
Enterprise Value (Cr.)	6524.78	8074.36	4456.10	5150.98	4599.71
EV / Net Operating Revenue (X)	8.46	12.26	9.42	13.13	13.29
EV / EBITDA (X)	10.85	15.70	13.00	17.49	18.67
MarketCap / Net Operating Revenue (X)	3.98	8.25	5.00	8.89	9.61
Retention Ratios (%)	95.49	94.98	95.09	94.45	93.09
Price / BV (X)	2.00	4.10	2.04	3.42	3.86
Price / Net Operating Revenue (X)	3.98	8.25	5.00	8.89	9.61
EarningsYield	0.06	0.03	0.03	0.02	0.01

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Frequently asked questions

What is the intrinsic value of Paisalo Digital Ltd and is it undervalued?

Paisalo Digital Ltd: the stored intrinsic value estimate is ₹42.08, compared with a stored share price of ₹89.40. The model value is 52.9% below that quote. The model classifies this as overvalued; it is an estimate dependent on the inputs and assumptions, not a price target or a buy/sell recommendation. The estimate uses the available valuation models and weights shown in the Intrinsic Value panel, including earnings, cash-flow and asset-based approaches where data permits. It is not a P/E-only calculation.

What share price and 52-week range are shown for Paisalo Digital Ltd?

The stored share price is ₹89.40. Price-data record updated: 24 September 2026, 9:54 pm +05:30. This is not a live quote. The stored 52-week high / low is 94.9/30.0; this is a rolling range, not a financial-year range.

How have Paisalo Digital Ltd's revenue and profit changed?

Does Paisalo Digital Ltd's profit convert into cash?

How should I compare Paisalo Digital Ltd's P/E with other stocks?

The stored P/E is 32.50. Compare companies with similar business models, growth, leverage and accounting periods. The industry group on this page is broad, and its average can be affected by outliers. A lower P/E alone does not establish undervaluation.

What could change Paisalo Digital Ltd's intrinsic value estimate?

Changes in sustainable earnings, cash generation, capital needs, debt and share count can change the estimate. The displayed model uses a 12% cost of equity and 4% terminal growth assumption where applicable. Higher discount rates or weaker growth generally reduce discounted values. Compare the individual model values and weights, and verify fresh filings before relying on the result.