Paisalo Digital Limited Receives Credit Rating Update

On March 19, 2026, Brickwork Ratings India Private Limited assigned a BWR A1+ rating to Paisalo Digital Limited's proposed commercial papers worth ₹540 crore, indicating a high degree of safety regarding the timely servicing of short-term financial obligations.

Ratings Update

This rating update is in addition to the existing ratings assigned by other agencies for Paisalo Digital's commercial paper programme. Brickwork Ratings has also reaffirmed the BWR AA/Stable rating for Paisalo Digital's proposed non-convertible debentures (NCDs) worth ₹1,500 crore with a tenure of up to five years.

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Financial Performance

Paisalo Digital Limited has successfully raised funds through an External Commercial Borrowing (ECB) transaction amounting to USD 15 million. This maiden ECB issuance represents a strategic step aimed at broadening the company's funding mix and accessing cost-effective, long-term capital from international markets.

Stock Performance

Paisalo Digital's share price is up 1.4% in March so far, following a 3.7% jump in February. The stock delivered a negative return of 27.43% in CY25, marking its first annual decline in nine years. However, the stock has delivered massive returns to long-term investors, as between 2017 and 2024, it closed each of those years higher, producing a cumulative return of 455%.

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Shareholding Pattern

SBI Life Insurance held a 6.83% stake in Paisalo Digital at the end of the December-ending quarter (Q3FY26), as per the Trendlyne shareholding data. SBI Life Insurance has been holding a stake in the company since December 2020, though it has gradually trimmed its ownership.