Shares of Paisalo Digital, an NBFC backed by SBI Life Insurance, remained in focus after the company announced a ₹30 crore fundraise through commercial papers.
In an exchange filing dated February 27, Paisalo Digital informed investors that it had issued 600 commercial papers with a maturity tenure of 90 days. Each instrument was issued at a discounted price of ₹4.86 lakh and will be redeemed at its face value of ₹5 lakh upon maturity.
Commercial papers are short-term money market instruments typically used by companies to meet working capital requirements, manage liquidity, and raise funds at competitive interest rates.
Q3 FY26 Financial Performance
Earlier this month, Paisalo Digital reported its December quarter (Q3 FY26) earnings.
- Profit After Tax (PAT): ₹66.3 crore (vs ₹62.4 crore YoY)
- Total Income: ₹240.1 crore (vs ₹203.8 crore YoY; ₹224 crore in Q2 FY26)
- Net Income: ₹243 crore (vs ₹181 crore YoY)
- Net Interest Income (NII): ₹148 crore (vs ₹99 crore in December 2024 quarter)
The results reflect steady growth in income and interest earnings, although profit growth remained moderate on a year-on-year basis.
Shareholding Pattern
As of December 2025:
- SBI Life Insurance held a 6.83% stake in Paisalo Digital.
- Retail investors collectively owned 30.5%.
- Foreign Institutional Investors (FIIs) held 20.1%.
- Promoters owned 41.8%, with Equilibrated Venture Cflow Pvt Ltd (promoter group entity) holding the largest chunk at 20.53%.
Notably, SBI Life has gradually reduced its stake from 9.87% in Q3 FY25 to 6.83% in Q3 FY26.
Stock Price Performance
Paisalo Digital’s share price ended February with a 3.7% gain, snapping a four-month losing streak.
However, the broader trend has been volatile. Between April 2024 and August 2025, the stock declined nearly 50%, making it one of the sharper wealth destroyers during that period.
On a calendar-year basis, the stock delivered a negative return of 27.43% in CY25 — its first annual decline in nine years. That said, long-term investors have seen significant gains, with the stock delivering a cumulative return of approximately 455% between 2017 and 2024.
Expert View
Market analysts note that short-term fundraises through commercial papers indicate liquidity management rather than long-term capital expansion. Investors are advised to monitor:
- Asset quality trends
- Credit growth trajectory
- Cost of borrowing
- Stake changes by institutional investors
Given the stock’s sharp correction and under-₹50 price tag, valuation comfort may attract risk-tolerant investors, but due diligence remains critical in the NBFC space.
Disclaimer: Investors should consult certified financial advisors and carefully evaluate company fundamentals before making any investment decisions.
