{"id":248524,"date":"2026-09-16T11:11:28","date_gmt":"2026-09-16T05:41:28","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=248524"},"modified":"2026-09-16T11:11:28","modified_gmt":"2026-09-16T05:41:28","slug":"this-microfinance-nbfc-stock-rises-117-percent-in-1-year","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/this-microfinance-nbfc-stock-rises-117-percent-in-1-year\/","title":{"rendered":"This Microfinance NBFC Stock Rises 117% in 1 Year: Promoter Buying and a Loan Book That Doubled Its Pace"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>Paisalo Digital closed at Rs 83.07 on 16 September 2026, up about 117% from Rs 38.36 a year earlier, with a market capitalisation of around Rs 7,693 crore.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">The stock is Paisalo Digital Ltd, which closed at Rs 83.07 on 16 September 2026 against Rs 38.36 on 16 September 2025, a verified gain of about 117%. The rise came from a 128% jump in June-quarter disbursements, assets under management climbing 28% to around Rs 6,707 crore, and promoters lifting their holding to 46.72%. Gross non-performing assets of 0.70% and capital adequacy of 33.1% supported the move, though the microfinance NBFC stock now trades well above its sector multiple.<\/p>\n<\/div>\n<p>One microfinance NBFC stock has more than doubled in twelve months, closing at Rs 83.07 on 16 September 2026 against Rs 38.36 on the same date in 2025. That is a price gain of approximately 117%, measured close to close and adjusted for earlier corporate actions, and it makes this the rare microfinance NBFC stock that doubled without a split or bonus flattering the number.<\/p>\n<p>The company is <strong><a href='https:\/\/univest.in\/stocks\/paisalo\/paisalo-digital-ltd-share-price-today'>Paisalo Digital Ltd<\/a><\/strong>, an NBFC that writes small income generation loans to rural and semi-urban borrowers through business correspondent tie-ups and co-lending with a large public sector bank. Paisalo Digital share price has been driven by a sharp acceleration in lending volumes, a jump in promoter ownership and asset quality that held up while the sector repaired itself. It was among the strongest performers on a screen of NSE small-cap stocks ranked by 1-year return, dated 16 September 2026.<\/p>\n<p style=\"margin-top:24px;\"><strong><a href='https:\/\/univest.in\/user\/log-in'>Click Here &#8211; Get Free Investment Predictions<\/a><\/strong><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/this-microfinance-nbfc-stock-rises-117-percent-in-1-year\/#How_This_Microfinance_NBFC_Stock_Has_Performed_Across_Periods\" title=\"How This Microfinance NBFC Stock Has Performed Across Periods\">How This Microfinance NBFC Stock Has Performed Across Periods<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/this-microfinance-nbfc-stock-rises-117-percent-in-1-year\/#Why_Has_This_Microfinance_NBFC_Stock_Risen_117_in_One_Year\" title=\"Why Has This Microfinance NBFC Stock Risen 117% in One Year?\">Why Has This Microfinance NBFC Stock Risen 117% in One Year?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/this-microfinance-nbfc-stock-rises-117-percent-in-1-year\/#Disbursements_In_This_Microfinance_NBFC_Stock_Surged_128\" title=\"Disbursements In This Microfinance NBFC Stock Surged 128%\">Disbursements In This Microfinance NBFC Stock Surged 128%<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/this-microfinance-nbfc-stock-rises-117-percent-in-1-year\/#Promoters_Lifted_Their_Stake_By_Almost_Five_Points\" title=\"Promoters Lifted Their Stake By Almost Five Points\">Promoters Lifted Their Stake By Almost Five Points<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/this-microfinance-nbfc-stock-rises-117-percent-in-1-year\/#Asset_Quality_In_This_Microfinance_NBFC_Stock_Held_Up\" title=\"Asset Quality In This Microfinance NBFC Stock Held Up\">Asset Quality In This Microfinance NBFC Stock Held Up<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/this-microfinance-nbfc-stock-rises-117-percent-in-1-year\/#Funding_Costs_Fell_And_Ratings_Improved\" title=\"Funding Costs Fell And Ratings Improved\">Funding Costs Fell And Ratings Improved<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/this-microfinance-nbfc-stock-rises-117-percent-in-1-year\/#A_Technology-Led_Underwriting_Push\" title=\"A Technology-Led Underwriting Push\">A Technology-Led Underwriting Push<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/this-microfinance-nbfc-stock-rises-117-percent-in-1-year\/#Financials_Behind_This_Microfinance_NBFC_Stock\" title=\"Financials Behind This Microfinance NBFC Stock\">Financials Behind This Microfinance NBFC Stock<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/this-microfinance-nbfc-stock-rises-117-percent-in-1-year\/#What_Valuation_Is_This_Microfinance_NBFC_Stock_Carrying\" title=\"What Valuation Is This Microfinance NBFC Stock Carrying?\">What Valuation Is This Microfinance NBFC Stock Carrying?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/this-microfinance-nbfc-stock-rises-117-percent-in-1-year\/#Who_Owns_This_Microfinance_NBFC_Stock\" title=\"Who Owns This Microfinance NBFC Stock\">Who Owns This Microfinance NBFC Stock<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/this-microfinance-nbfc-stock-rises-117-percent-in-1-year\/#Risks_In_This_Microfinance_NBFC_Stock\" title=\"Risks In This Microfinance NBFC Stock\">Risks In This Microfinance NBFC Stock<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/this-microfinance-nbfc-stock-rises-117-percent-in-1-year\/#Paisalo_Digital_Share_Analyst_View\" title=\"Paisalo Digital Share: Analyst View\">Paisalo Digital Share: Analyst View<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/this-microfinance-nbfc-stock-rises-117-percent-in-1-year\/#Paisalo_Digital_Share_Price_Target\" title=\"Paisalo Digital Share Price Target\">Paisalo Digital Share Price Target<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/this-microfinance-nbfc-stock-rises-117-percent-in-1-year\/#Other_Stocks_to_Track_From_the_Same_Return_Screen\" title=\"Other Stocks to Track From the Same Return Screen\">Other Stocks to Track From the Same Return Screen<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/this-microfinance-nbfc-stock-rises-117-percent-in-1-year\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/this-microfinance-nbfc-stock-rises-117-percent-in-1-year\/#Frequently_Asked_Questions\" title=\"Frequently Asked Questions\">Frequently Asked Questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/this-microfinance-nbfc-stock-rises-117-percent-in-1-year\/#Which_microfinance_NBFC_stock_rose_117_in_one_year_to_16_September_2026\" title=\"Which microfinance NBFC stock rose 117% in one year to 16 September 2026?\">Which microfinance NBFC stock rose 117% in one year to 16 September 2026?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/univest.in\/blogs-2\/this-microfinance-nbfc-stock-rises-117-percent-in-1-year\/#Was_the_rise_in_Paisalo_Digital_share_price_caused_by_a_bonus_issue_or_stock_split\" title=\"Was the rise in Paisalo Digital share price caused by a bonus issue or stock split?\">Was the rise in Paisalo Digital share price caused by a bonus issue or stock split?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/univest.in\/blogs-2\/this-microfinance-nbfc-stock-rises-117-percent-in-1-year\/#What_are_the_latest_quarterly_numbers_for_this_microfinance_NBFC_stock\" title=\"What are the latest quarterly numbers for this microfinance NBFC stock?\">What are the latest quarterly numbers for this microfinance NBFC stock?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/univest.in\/blogs-2\/this-microfinance-nbfc-stock-rises-117-percent-in-1-year\/#Is_there_a_verified_Paisalo_Digital_share_price_target_from_brokerages\" title=\"Is there a verified Paisalo Digital share price target from brokerages?\">Is there a verified Paisalo Digital share price target from brokerages?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/univest.in\/blogs-2\/this-microfinance-nbfc-stock-rises-117-percent-in-1-year\/#How_expensive_is_this_microfinance_NBFC_stock_compared_with_its_sector\" title=\"How expensive is this microfinance NBFC stock compared with its sector?\">How expensive is this microfinance NBFC stock compared with its sector?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-22\" href=\"https:\/\/univest.in\/blogs-2\/this-microfinance-nbfc-stock-rises-117-percent-in-1-year\/#What_is_the_biggest_company-specific_risk_in_this_microfinance_NBFC_stock\" title=\"What is the biggest company-specific risk in this microfinance NBFC stock?\">What is the biggest company-specific risk in this microfinance NBFC stock?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-23\" href=\"https:\/\/univest.in\/blogs-2\/this-microfinance-nbfc-stock-rises-117-percent-in-1-year\/#Why_did_foreign_institutional_holding_in_this_microfinance_NBFC_stock_fall_so_sharply\" title=\"Why did foreign institutional holding in this microfinance NBFC stock fall so sharply?\">Why did foreign institutional holding in this microfinance NBFC stock fall so sharply?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-24\" href=\"https:\/\/univest.in\/blogs-2\/this-microfinance-nbfc-stock-rises-117-percent-in-1-year\/#How_volatile_has_Paisalo_Digital_share_price_been_historically\" title=\"How volatile has Paisalo Digital share price been historically?\">How volatile has Paisalo Digital share price been historically?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"How_This_Microfinance_NBFC_Stock_Has_Performed_Across_Periods\"><\/span><strong>How This Microfinance NBFC Stock Has Performed Across Periods<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The one-year number is the headline, but the longer record is mixed. This microfinance NBFC stock drifted in the Rs 30 to Rs 40 band through late 2025 and early 2026 before April. Five-year returns trail one-year returns, because the stock peaked near Rs 99 in early 2024 and gave up most of that ground.<\/p>\n<table>\n<thead>\n<tr>\n<th>Period<\/th>\n<th>Start price (Rs)<\/th>\n<th>Close on 16 Sep 2026 (Rs)<\/th>\n<th>Price return<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>1 month (17 Aug 2026)<\/td>\n<td>67.59<\/td>\n<td>83.07<\/td>\n<td>About 23%<\/td>\n<\/tr>\n<tr>\n<td>6 months (16 Mar 2026)<\/td>\n<td>34.79<\/td>\n<td>83.07<\/td>\n<td>About 139%<\/td>\n<\/tr>\n<tr>\n<td>1 year (16 Sep 2025)<\/td>\n<td>38.36<\/td>\n<td>83.07<\/td>\n<td>About 117%<\/td>\n<\/tr>\n<tr>\n<td>3 years (15 Sep 2023)<\/td>\n<td>31.93<\/td>\n<td>83.07<\/td>\n<td>About 160%<\/td>\n<\/tr>\n<tr>\n<td>5 years (16 Sep 2021)<\/td>\n<td>38.84<\/td>\n<td>83.07<\/td>\n<td>About 114%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The 52-week range says the same thing. The low of Rs 30.00 came when sentiment toward small-ticket lenders was weakest, the high of Rs 85.25 on 15 September 2026. Paisalo Digital share price sits within roughly 3% of its own twelve-month peak, so the easy part of the re-rating in this microfinance NBFC stock is behind it.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_Has_This_Microfinance_NBFC_Stock_Risen_117_in_One_Year\"><\/span><strong>Why Has This Microfinance NBFC Stock Risen 117% in One Year?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The short answer is that lending volumes accelerated far faster than expected while credit costs stayed low. A microfinance NBFC stock re-rates when investors accept that growth and asset quality can coexist, and this lender showed both in the same quarter. Five developments did most of the work.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Disbursements_In_This_Microfinance_NBFC_Stock_Surged_128\"><\/span><strong>Disbursements In This Microfinance NBFC Stock Surged 128%<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>For the June 2026 quarter, disbursements were approximately Rs 1,731 crore, up about 128% year on year, and assets under management rose roughly 28% to around Rs 6,707 crore. Profit after tax was approximately Rs 61.3 crore against Rs 47.2 crore a year earlier, up close to 30%.<\/p>\n<p>Total income was around Rs 260.3 crore, up approximately 19%, and net interest margin was about 6.6%, broadly flat. Growth came from volume, not from repricing loans upward. In a microfinance NBFC stock that distinction matters, because volume-led growth is usually more durable.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Promoters_Lifted_Their_Stake_By_Almost_Five_Points\"><\/span><strong>Promoters Lifted Their Stake By Almost Five Points<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Promoter holding moved from 41.75% in March 2026 to 46.72% in June 2026, bought largely in the open market. When that pattern was disclosed in early July 2026, the microfinance NBFC stock hit its upper circuit and rose about 20% in one session on volumes near 9 crore shares.<\/p>\n<p>The flip side deserves attention. Foreign institutional holding fell from 17.54% to 6.79% in the same quarter, so much of what promoters bought came out of foreign hands. Domestic holding was steady near 6.83%, almost entirely one life insurance company.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Asset_Quality_In_This_Microfinance_NBFC_Stock_Held_Up\"><\/span><strong>Asset Quality In This Microfinance NBFC Stock Held Up<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Gross non-performing assets stood at approximately 0.70% at the end of June 2026, better by about 14 basis points year on year, with net non-performing assets around 0.49%. Those are low numbers for any microfinance NBFC stock, in a segment where the industry spent much of FY25 working through stretched borrower balance sheets after a period of over-borrowing.<\/p>\n<p>Capital adequacy was about 33.1% with Tier 1 at approximately 26.8%, far above the regulatory minimum. That headroom funds more book growth without fresh equity, part of why this microfinance NBFC stock attracted buyers through mid-2026.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Funding_Costs_Fell_And_Ratings_Improved\"><\/span><strong>Funding Costs Fell And Ratings Improved<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Cost of borrowing fell to approximately 10.1% in the June 2026 quarter from around 10.7% a year earlier. In March 2026 a rating agency assigned an A1+ rating to commercial paper of Rs 540 crore and AA with a stable outlook to non-convertible debentures of Rs 1,500 crore.<\/p>\n<p>Lower funding costs feed straight into spreads. Paisalo Digital share price began its sustained climb in April 2026, just after those ratings, which suggests the market read them as a signal that this microfinance NBFC stock could carry faster growth.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"A_Technology-Led_Underwriting_Push\"><\/span><strong>A Technology-Led Underwriting Push<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Management has positioned the business around an artificial intelligence driven origination and collections stack, saying it handles several hundred thousand customer interactions a day, and has publicly targeted a doubling of assets under management, income and profit over three years.<\/p>\n<p>That is guidance, not a delivered result, and holders of any microfinance NBFC stock should test doubling targets quarter by quarter. The distribution build is measurable: touchpoints reached about 5,995 locations by June 2026 after roughly 696 were added that quarter, serving around 18 million customers.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Financials_Behind_This_Microfinance_NBFC_Stock\"><\/span><strong>Financials Behind This Microfinance NBFC Stock<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The annual record is consistent. Revenue compounded from Rs 392.22 crore in FY22 to Rs 943.70 crore in FY26, net profit from Rs 79.25 crore to Rs 237.21 crore.<\/p>\n<table>\n<thead>\n<tr>\n<th>Quarter<\/th>\n<th>Revenue (Rs cr)<\/th>\n<th>EBITDA (Rs cr)<\/th>\n<th>Net profit (Rs cr)<\/th>\n<th>Net margin (%)<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Jun 2025<\/td>\n<td>218.71<\/td>\n<td>160.07<\/td>\n<td>47.17<\/td>\n<td>21.57<\/td>\n<\/tr>\n<tr>\n<td>Sep 2025<\/td>\n<td>224.01<\/td>\n<td>168.95<\/td>\n<td>51.54<\/td>\n<td>23.01<\/td>\n<\/tr>\n<tr>\n<td>Dec 2025<\/td>\n<td>240.05<\/td>\n<td>186.64<\/td>\n<td>66.26<\/td>\n<td>27.84<\/td>\n<\/tr>\n<tr>\n<td>Mar 2026<\/td>\n<td>260.92<\/td>\n<td>189.32<\/td>\n<td>72.23<\/td>\n<td>27.68<\/td>\n<\/tr>\n<tr>\n<td>Jun 2026<\/td>\n<td>260.29<\/td>\n<td>202.12<\/td>\n<td>61.31<\/td>\n<td>23.55<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Revenue rose in four of the last five quarters. The June 2026 quarter was flat against March 2026 even though disbursements more than doubled year on year, because new loans take time to earn a full quarter of interest.<\/p>\n<p>Net margin slipped from 27.68% in March 2026 to 23.55% in June 2026 as operating costs rose with the distribution build. Holders of this microfinance NBFC stock should watch whether margins recover as those disbursements season on the book.<\/p>\n<p style=\"margin-top:24px;\"><strong><a href='https:\/\/univest.in\/screeners'>Check the Univest Screener for Live Fundamentals of High-Return Stocks<\/a><\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_Valuation_Is_This_Microfinance_NBFC_Stock_Carrying\"><\/span><strong>What Valuation Is This Microfinance NBFC Stock Carrying?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>This microfinance NBFC stock is no longer inexpensive against peers. The trailing price to earnings ratio is approximately 30.6 versus an industry figure near 19.2, a premium of roughly 60%. Price to book is about 4.3 on a book value near Rs 19.68 per share.<\/p>\n<p>Return on equity of approximately 13.2% does not by itself justify 4.3 times book. The bull case for this microfinance NBFC stock rests on return on equity climbing as the balance sheet gears up, since borrowings to equity is approximately 2.43 and capital adequacy of 33.1% leaves room to lend more against the same capital.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Who_Owns_This_Microfinance_NBFC_Stock\"><\/span><strong>Who Owns This Microfinance NBFC Stock<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The ownership mix of this microfinance NBFC stock changed materially in the June 2026 quarter. Promoters bought, foreign funds sold and the public float widened.<\/p>\n<table>\n<thead>\n<tr>\n<th>Category<\/th>\n<th>Jun 2025<\/th>\n<th>Sep 2025<\/th>\n<th>Dec 2025<\/th>\n<th>Mar 2026<\/th>\n<th>Jun 2026<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Promoters (%)<\/td>\n<td>48.21<\/td>\n<td>41.16<\/td>\n<td>41.75<\/td>\n<td>41.75<\/td>\n<td>46.72<\/td>\n<\/tr>\n<tr>\n<td>FII (%)<\/td>\n<td>8.09<\/td>\n<td>20.89<\/td>\n<td>20.08<\/td>\n<td>17.54<\/td>\n<td>6.79<\/td>\n<\/tr>\n<tr>\n<td>DII (%)<\/td>\n<td>10.34<\/td>\n<td>7.68<\/td>\n<td>7.69<\/td>\n<td>6.84<\/td>\n<td>6.83<\/td>\n<\/tr>\n<tr>\n<td>Public (%)<\/td>\n<td>33.37<\/td>\n<td>30.27<\/td>\n<td>30.49<\/td>\n<td>33.87<\/td>\n<td>39.67<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Foreign holding swung from 8.09% to nearly 21% and back below 7% inside four quarters. That churn warns how quickly sentiment can reverse in a microfinance NBFC stock of this size, and it explains part of the volatility in Paisalo Digital share price.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Risks_In_This_Microfinance_NBFC_Stock\"><\/span><strong>Risks In This Microfinance NBFC Stock<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Several risks here are specific to the company rather than the sector.<\/p>\n<p><strong>Promoter pledging.<\/strong> In June 2026 promoter group entities disclosed pledges covering approximately 9.61 crore shares, created for margin trading facilities with a securities lender, and one promoter trust had close to 99.5% of its holding encumbered. Pledged shares can force selling if the price falls sharply, a real tail risk in any microfinance NBFC stock that has run up quickly.<\/p>\n<p><strong>Liquidity and volatility.<\/strong> This microfinance NBFC stock has a market capitalisation of around Rs 7,693 crore and a face value of Re 1. It has moved 20% in a single session more than once, and in March 2024 it fell roughly 41% over three sessions on an adverse court order about lending practices, later clarified by the company. Position sizing matters more than usual.<\/p>\n<p><strong>Regulatory and conduct risk.<\/strong> Small-ticket rural lending sits under close supervision. Changes to pricing caps, borrower indebtedness rules or co-lending norms can compress the economics of a microfinance NBFC stock quickly.<\/p>\n<p><strong>Partner concentration.<\/strong> Much of the book is originated through co-lending and business correspondent arrangements, including an SME pact with a large public sector bank. If a major partner reduces appetite, growth in this microfinance NBFC stock slows regardless of demand.<\/p>\n<p><strong>Cash flow shape.<\/strong> Operating cash flow was negative at approximately Rs 783 crore in FY26. That is normal for a lender expanding its book, but growth depends on continuous access to wholesale funding.<\/p>\n<p><strong>Valuation risk.<\/strong> At approximately 30.6 times trailing earnings against a sector figure near 19.2, much execution is already in the price of this microfinance NBFC stock. One quarter of slower disbursements or higher credit costs could compress the multiple.<\/p>\n<p style=\"margin-top:24px;\"><strong>Download the <a href=\"https:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"https:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&amp;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track the Paisalo Digital share price live<\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Paisalo_Digital_Share_Analyst_View\"><\/span><strong>Paisalo Digital Share: Analyst View<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Formal sell-side coverage is thin. Only one analyst is tracked on the company, so there is no meaningful consensus. Thin coverage is one reason a microfinance NBFC stock like this can move violently on a single disclosure.<\/p>\n<p>The operating signals are better than the coverage. A domestic brokerage tracking this microfinance NBFC stock has modelled roughly 19% revenue growth and about 28% profit growth for the current financial year, broadly in line with what the June 2026 quarter delivered. Beyond that, investors work from company disclosures alone.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Paisalo_Digital_Share_Price_Target\"><\/span><strong>Paisalo Digital Share Price Target<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The single available Paisalo Digital share price target from a domestic brokerage sits at around Rs 75, below the 16 September 2026 close of Rs 83.07. It appears to predate the June 2026 quarter and the promoter stake disclosure, so it may not reflect the latest numbers, but it is the only verified figure available.<\/p>\n<p>With no fresh consensus Paisalo Digital share price target to anchor on, the more useful reference points are the 52-week range of Rs 30.00 to Rs 85.25 and the multiples. Any Paisalo Digital share price target built from here should start from whether roughly 30.6 times earnings is sustainable for a lender earning approximately 13.2% on equity, and whether the doubling guidance is delivered.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Other_Stocks_to_Track_From_the_Same_Return_Screen\"><\/span><strong>Other Stocks to Track From the Same Return Screen<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Beyond this microfinance NBFC stock, a screen of NSE small-cap stocks ranked by 1-year return also includes related names such as <a href=\"https:\/\/univest.in\/stocks\/tmb\/tamilnad-mercantile-bank-ltd-share-price-today\">Tamilnad Mercantile Bank<\/a> with a 1-year return of 103.95%, <a href=\"https:\/\/univest.in\/stocks\/senores\/senores-pharmaceuticals-l-share-price-today\">Senores Pharmaceuticals<\/a> at 104.38% and <a href=\"https:\/\/univest.in\/stocks\/morepenlab\/morepen-laboratories-ltd-share-price-today\">Morepen Labs<\/a> at 99.55%.<\/p>\n<p>Among the names covered from that screen, <a href=\"https:\/\/univest.in\/stocks\/mtartech\/mtar-technologies-ltd-share-price-today\">MTAR Technologies<\/a> returned 396.53% over one year. Readers can compare this microfinance NBFC stock with the <a href=\"https:\/\/univest.in\/indices\/nifty-50\/nifty-50-share-price-today\">Nifty 50<\/a> benchmark and track each of these names on Univest before making any decision.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A verified one-year gain of approximately 117% puts this microfinance NBFC stock among the stronger small-cap performers of the period, and the numbers behind it are real rather than cosmetic. Disbursements up 128%, assets under management up 28%, gross non-performing assets at 0.70% and capital adequacy at 33.1% hang together.<\/p>\n<p>What has changed is the starting point. A year ago the market paid very little for that growth; today it pays approximately 30.6 times earnings and 4.3 times book. Promoter buying and falling funding costs help, but promoter pledging, thin coverage and a history of 20% single-session moves mean this microfinance NBFC stock demands careful position sizing and a close reading of every quarterly update.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information and may or may not be accurate. Please verify all data independently before making any investment decision. Past returns do not guarantee future returns. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).<\/p>\n<\/div>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions\"><\/span><strong>Frequently Asked Questions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Which_microfinance_NBFC_stock_rose_117_in_one_year_to_16_September_2026\"><\/span><strong>Which microfinance NBFC stock rose 117% in one year to 16 September 2026?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> It is Paisalo Digital Ltd, listed on the NSE under the symbol PAISALO. It closed at Rs 83.07 on 16 September 2026 against Rs 38.36 on 16 September 2025, a price gain of approximately 117%, adjusted for earlier corporate actions.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Was_the_rise_in_Paisalo_Digital_share_price_caused_by_a_bonus_issue_or_stock_split\"><\/span><strong>Was the rise in Paisalo Digital share price caused by a bonus issue or stock split?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> No. The company carried out a stock split in July 2022 and a bonus issue allotted in March 2024, both before this window. The approximately 117% gain from September 2025 to September 2026 is genuine price appreciation.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_latest_quarterly_numbers_for_this_microfinance_NBFC_stock\"><\/span><strong>What are the latest quarterly numbers for this microfinance NBFC stock?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> For the quarter ended June 2026 the company reported total income of around Rs 260.3 crore and net profit of approximately Rs 61.3 crore, up close to 30% year on year. Disbursements rose about 128% and assets under management climbed roughly 28% to around Rs 6,707 crore.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_there_a_verified_Paisalo_Digital_share_price_target_from_brokerages\"><\/span><strong>Is there a verified Paisalo Digital share price target from brokerages?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Coverage is thin, with only one analyst tracked and a target of around Rs 75, which sits below the current market price. That target appears to predate the June 2026 quarter, so it should be treated as dated rather than as a current view.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_expensive_is_this_microfinance_NBFC_stock_compared_with_its_sector\"><\/span><strong>How expensive is this microfinance NBFC stock compared with its sector?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The trailing price to earnings ratio is approximately 30.6 against an industry figure of around 19.2, a premium of roughly 60%. Price to book is about 4.3 on a book value near Rs 19.68 per share, while return on equity is approximately 13.2%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_biggest_company-specific_risk_in_this_microfinance_NBFC_stock\"><\/span><strong>What is the biggest company-specific risk in this microfinance NBFC stock?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Promoter share pledging is the clearest one. In June 2026 promoter group entities disclosed pledges over approximately 9.61 crore shares for margin trading facilities, with one promoter trust having close to 99.5% of its holding encumbered. A sharp fall could trigger forced selling.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Why_did_foreign_institutional_holding_in_this_microfinance_NBFC_stock_fall_so_sharply\"><\/span><strong>Why did foreign institutional holding in this microfinance NBFC stock fall so sharply?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Foreign institutional holding dropped from 17.54% in March 2026 to 6.79% in June 2026, while promoter holding rose from 41.75% to 46.72% in the same quarter. Much of what promoters bought in the open market appears to have come from exiting foreign funds.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_volatile_has_Paisalo_Digital_share_price_been_historically\"><\/span><strong>How volatile has Paisalo Digital share price been historically?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Very volatile. The 52-week range runs from Rs 30.00 to Rs 85.25, and the stock has moved 20% in a single session more than once. In March 2024 it fell about 41% over three sessions on an adverse court order the company later clarified.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"Which microfinance NBFC stock rose 117% in one year to 16 September 2026?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"It is Paisalo Digital Ltd, listed on the NSE under the symbol PAISALO. It closed at Rs 83.07 on 16 September 2026 against Rs 38.36 on 16 September 2025, a price gain of approximately 117%, adjusted for earlier corporate actions.\"}},{\"@type\":\"Question\",\"name\":\"Was the rise in Paisalo Digital share price caused by a bonus issue or stock split?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"No. The company carried out a stock split in July 2022 and a bonus issue allotted in March 2024, both before this window. The approximately 117% gain from September 2025 to September 2026 is genuine price appreciation.\"}},{\"@type\":\"Question\",\"name\":\"What are the latest quarterly numbers for this microfinance NBFC stock?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"For the quarter ended June 2026 the company reported total income of around Rs 260.3 crore and net profit of approximately Rs 61.3 crore, up close to 30% year on year. 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Much of what promoters bought in the open market appears to have come from exiting foreign funds.\"}},{\"@type\":\"Question\",\"name\":\"How volatile has Paisalo Digital share price been historically?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Very volatile. The 52-week range runs from Rs 30.00 to Rs 85.25, and the stock has moved 20% in a single session more than once. In March 2024 it fell about 41% over three sessions on an adverse court order the company later clarified.\"}}]}<\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>A small-ticket rural lender has more than doubled in twelve months as disbursements surged and promoters raised their stake by nearly five percentage points in one quarter.<\/p>\n","protected":false},"author":29,"featured_media":248522,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[845],"tags":[],"class_list":["post-248524","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-best-stocks"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["248522"],"rank_math_title":["Microfinance NBFC Stock Rises 117% in 1 Year: Key Drivers"],"rank_math_description":["This microfinance NBFC stock rose about 117% in one year on a 128% disbursement surge and heavy promoter buying. Full numbers, valuation and the risks, inside."],"rank_math_focus_keyword":["microfinance NBFC stock"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/09\/this-microfinance-nbfc-stock-rises-117-percent-in-1-year.png","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/248524","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/29"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=248524"}],"version-history":[{"count":1,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/248524\/revisions"}],"predecessor-version":[{"id":248526,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/248524\/revisions\/248526"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/248522"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=248524"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=248524"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=248524"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}