Penny stock below Rs 40 in focus as the company has timely made interest payment on Foreign Currency Convertible Bonds
The stock is up by 12 per cent from its 52-week low of Rs 29.75 per share.
Paisalo Digital Limited, a listed NBFC registered with the Reserve Bank of India, informed that the company has timely made interest payment in respect of the outstanding Foreign Currency Convertible Bonds (FCCBs) of USD 48 million carrying a coupon rate of 7.5 per cent on its due date, i.e. June 10, 2025.
Earlier, the company allotted 5,000 Rated, Listed, Senior, Secured, Redeemable, Taxable Non-Convertible Debentures (NCDs) through a private placement. Each NCD has a face value of Rupees One Lakh, totalling an allotment of Rs 50 crore. These NCDs carry a coupon interest rate of 10 per cent per annum, payable monthly, with a tenure of 24 months, maturing on June 3, 2027. The debentures are secured by a first-ranking pari-passu charge on loan receivables, maintaining a security value of 1.10 times the outstanding principal. Principal redemption will be a one-time payment at par on the maturity date, with a penalty interest of 2 per cent per annum above the coupon rate for delays in payment exceeding three months.
About the Company
Paisalo Digital Limited, a listed NBFC registered with the Reserve Bank of India, has a robust distribution network in rural and semi-urban India. Serving over 65 lakh customers through 3275 touchpoints across 22 states, Paisalo is a pioneer in credit distribution and income-generation loans. Facilitating over Rs 3,400 crore in transactions within two years, with a customer base exceeding 59 lakh, Paisalo demonstrates its commitment to financial inclusion. Its business correspondent model, strategic partnerships with banks like SBI and Bank of India, advanced technology, and customer focus enable it to reach underserved regions and provide banking services to India's underbanked population.
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According to the financials, the company has a market cap of over Rs 2,800 crore. In its Quarterly Results and annual results, the company reported positive numbers. In Q4FY25, the company reported net sales of Rs 182.08 crore and the net profit increased by 26.4 per cent to Rs 46.29 crore in Q4FY25 compared to Q4FY24. In FY25 results, the net sales increased by 8 per cent to Rs 711.11 crore and the net profit increased by 12 per cent to Rs 200.12 crore compared to FY24.
In March 2025, FIIs bought 88,51,218 shares and increased their stake to 10.38 per cent in March 2025 compared to December 2024. The stock is up by 12 per cent from its 52-week low of Rs 29.75 per share. As of March 2025, SBI Life Insurance Co. Ltd owns a 9.36 per cent stake and Life Insurance Corporation of India (LIC) owns a 1.17 per cent stake.
Disclaimer: The article is for informational purposes only and not investment advice.