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5paisa Capital Ltd. (IN:5PAISA)
:5PAISA
India Market

5paisa Capital Ltd. (5PAISA) AI Stock Analysis

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IN:5PAISA

5paisa Capital Ltd.

(5PAISA)

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Neutral 68 (OpenAI - 5.2)
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Neutral 68 (OpenAI - 5.2)
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Neutral 68 (OpenAI - 5.2)
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Neutral 68 (OpenAI - 5.2)
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Neutral 68 (OpenAI - 5.2)
,
Neutral 68 (OpenAI - 5.2)
,
Neutral 68 (OpenAI - 5.2)
,
Neutral 68 (OpenAI - 5.2)
,
Neutral 68 (OpenAI - 5.2)
,
Neutral 68 (OpenAI - 5.2)
Rating:68Neutral
Price Target:
₹315.00
▼(-14.63% Downside)
Action:ReiteratedDate:11/19/25
5paisa Capital Ltd. shows strong financial performance with robust revenue growth and a solid balance sheet, which are the most significant factors. Technical indicators suggest caution due to bearish momentum and near-overbought RSI levels. Valuation is reasonable, but the lack of dividend yield may deter income investors.
Positive Factors
Strong balance sheet
A solid equity position, falling debt-to-equity and sizeable cash/short-term investments provide lasting financial flexibility. This reduces refinancing risk, supports platform investments and regulatory capital needs, and cushions the business through market cycles over months.
Improved free cash flow
Free cash flow turning positive indicates the business now generates internal funds to support operations and growth. Over 2-6 months this improves ability to invest in tech, reduce external funding dependency, and to sustain client acquisition and product development.
Long-term revenue and margin expansion
Multi-year revenue growth with improving gross margins reflects scalable tech-led broking and distribution. Structural gains in scale and operating leverage support sustainable profitability and competitive positioning in the retail broking market over the medium term.
Negative Factors
Recent revenue contraction
A recent ~24% revenue decline signals vulnerability to lower trading volumes or client activity. For a brokerage reliant on transaction fees, persistent drops can erode recurring revenue, pressure cash flow and slow reinvestment in platform features over the coming months.
Earnings/EBIT volatility
Negative EBIT amid reported net profits suggests earnings are influenced by non-operating items or one-offs. Volatile operating profitability undermines visibility into core business economics and risks margin compression if trading activity or pricing power weakens.
Declining EPS trends
A ~32% decline in EPS points to pressure on per-share earnings that could persist without steady revenue and margin recovery. This weakens long-term shareholder return potential and may constrain capital allocation choices if earnings do not stabilize.

5paisa Capital Ltd. (5PAISA) vs. iShares MSCI India ETF (INDA)

5paisa Capital Ltd. Business Overview & Revenue Model

Company Description5paisa Capital Limited provides an online technology platform for trading in National Stock Exchange of India Limited, BSE Limited, and MCX. The company offers financial services, including online discounted stock broking, depository services; distributes mutual funds, bonds, and debentures, as well as insurance products; and provides equity and mutual fund research, investment advisory services, etc. It also provides peer-to-peer lending services through its website 5paisaloans.com; and mobile app 5Paisa Loans. The company offers its services through a web-based trading terminal, mobile application, and a state of the art call and trade unit. It serves retail investors and high-volume traders. The company was incorporated in 2007 and is headquartered in Thane, India.
How the Company Makes Money5paisa Capital Ltd. generates revenue primarily from its retail broking and investment distribution activities delivered via its digital platform. Key revenue streams typically include: (1) brokerage and transaction-related charges earned when clients trade equities, derivatives, and other instruments; (2) fees and commissions from distributing investment products such as mutual funds and other financial products (where applicable under prevailing regulations and product structures); and (3) ancillary charges associated with client servicing and account activity (e.g., certain platform/service fees, depository-related facilitation charges, or similar transaction-linked income, depending on the company’s published fee schedule). Any additional revenue streams beyond broking and distribution (such as interest income or lending-related income) cannot be confirmed here and are therefore null.

5paisa Capital Ltd. Financial Statement Overview

Summary
5paisa Capital Ltd. demonstrates strong revenue growth and improved profitability, with a sound balance sheet reducing leverage risks. Cash flow generation has improved, but historical volatility suggests a need for careful cash flow management.
Income Statement
75
Positive
5paisa Capital Ltd. has demonstrated a strong revenue growth trajectory, increasing from 850.07 million to 3,598.46 million from 2020 to 2025. Gross profit margin remains robust, improving significantly over the years. Despite a negative EBIT in 2025, the company achieved a solid net profit margin, which reflects operational efficiency. However, the EBIT margin shows volatility, highlighting potential operational challenges.
Balance Sheet
80
Positive
The balance sheet of 5paisa Capital Ltd. indicates a strong equity position with a debt-to-equity ratio declining over time, suggesting reduced financial risk. The equity ratio is stable, highlighting a solid capital structure. Return on equity has improved, indicating better profitability from shareholders' perspective. High levels of cash and short-term investments provide liquidity buffer.
Cash Flow
70
Positive
Cash flow analysis shows significant improvement in free cash flow, turning positive in 2025. The operating cash flow to net income ratio is positive, indicating healthy cash generation relative to net income. However, past negative operating cash flows and fluctuations in financing activities suggest potential instability in cash flow management.
BreakdownTTMMar 2025Mar 2024Mar 2023Mar 2022Mar 2021
Income Statement
Total Revenue2.18B2.29B2.59B2.36B2.16B1.47B
Gross Profit862.73M939.29M1.29B1.03B1.31B1.01B
EBITDA861.79M1.22B1.06B831.50M434.12M421.26M
Net Income472.75M682.34M544.41M435.67M137.36M146.90M
Balance Sheet
Total Assets17.53B16.67B20.48B16.42B16.09B8.67B
Cash, Cash Equivalents and Short-Term Investments12.82B13.37B16.37B13.01B1.98B1.81B
Total Debt1.11B2.17B6.88B1.72B2.79B2.37B
Total Liabilities11.27B10.63B15.08B11.78B12.35B7.11B
Stockholders Equity6.26B6.04B5.40B4.63B3.74B1.56B
Cash Flow
Free Cash Flow0.00899.03M-1.11B110.27M-1.48B-20.34M
Operating Cash Flow0.00979.35M-916.85M245.94M-1.41B20.91M
Investing Cash Flow0.00-70.31M-125.38M-80.64M-120.42M-8.14M
Financing Cash Flow0.00-1.41B1.54B-850.11M2.25B-44.82M

5paisa Capital Ltd. Technical Analysis

Technical Analysis Sentiment
Negative
Last Price369.00
Price Trends
50DMA
332.63
Negative
100DMA
327.28
Negative
200DMA
352.17
Negative
Market Momentum
MACD
-10.45
Positive
RSI
35.75
Neutral
STOCH
15.69
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:5PAISA, the sentiment is Negative. The current price of 369 is above the 20-day moving average (MA) of 307.51, above the 50-day MA of 332.63, and above the 200-day MA of 352.17, indicating a bearish trend. The MACD of -10.45 indicates Positive momentum. The RSI at 35.75 is Neutral, neither overbought nor oversold. The STOCH value of 15.69 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:5PAISA.

5paisa Capital Ltd. Peers Comparison

Overall Rating
UnderperformOutperform
Sector (68)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
68
Neutral
₹9.03B21.20-25.11%-24.87%
68
Neutral
$18.00B11.429.92%3.81%9.73%1.22%
66
Neutral
₹9.44B217.941.69%
63
Neutral
₹4.27B7.070.49%
51
Neutral
₹13.51B10.24
43
Neutral
₹1.31B6.351057.49%
* Financial Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
IN:5PAISA
5paisa Capital Ltd.
288.80
-50.35
-14.85%
IN:RHFL
Reliance Home Finance Ltd.
2.70
-0.73
-21.28%
IN:SILINV
SIL Investments Limited
402.55
-107.19
-21.03%
IN:SURYODAY
Suryoday Small Finance Bank Limited
127.10
24.30
23.64%
IN:WEALTH
Wealth First Portfolio Managers Ltd.
885.50
-15.96
-1.77%

5paisa Capital Ltd. Corporate Events

5paisa Capital to Appeal Tax Order Over Input Credit Dispute
Mar 13, 2026

5paisa Capital Ltd. has disclosed that it received a tax order dated March 12, 2026 from the Superintendent of Central Tax in Bengaluru under CGST, KGST and IGST laws for FY 2019-20. The order raises a demand of ₹9.98 lakh, including interest and penalties, largely linked to alleged excess or ineligible input tax credit and mismatches in tax declarations.

The company has stated it intends to appeal within the prescribed timelines and believes its records and documentation will substantiate its tax positions. Management has emphasized that the order does not have a material impact on its financial or operational activities at this stage, signalling limited immediate risk for shareholders and other stakeholders.

5paisa Capital Sets Terms for ₹4,688 Million Rights Issue at ₹300 a Share
Mar 11, 2026

5paisa Capital Ltd.’s board has approved detailed terms for a rights issue of fully paid equity shares to existing shareholders, aiming to raise up to ₹4,688.23 million. The issue, priced at ₹300 per share including a significant premium, will offer one new share for every two held, increasing outstanding equity from 31.25 million to 46.88 million shares, subject to full subscription.

The record date for determining eligible shareholders is March 17, 2026, with the rights issue opening on March 27 and scheduled to close on April 10, 2026. Shareholders may renounce their entitlements on-market or off-market within specified periods, providing flexibility for capital participation and potentially broadening the company’s equity base and funding capacity for future growth initiatives.

5paisa Capital Sets Terms for ₹4,688 Million Rights Issue to Bolster Capital Base
Mar 11, 2026

5paisa Capital Ltd. has approved detailed terms for a rights issue of fully paid equity shares to raise up to ₹4,688.23 million, following earlier board approval and in-principle clearances from BSE and NSE. The offer, priced at ₹300 per share including premium, will issue 15,627,419 shares on a 1-for-2 basis, potentially increasing the company’s equity base from 31,254,838 to 46,882,257 shares, signaling a significant capital infusion to support future growth and strengthen its market position.

The record date for determining eligible shareholders is March 17, 2026, with the issue opening on March 27 and closing on April 10, 2026, allowing both on-market and off-market renunciation of rights entitlements. This structure gives existing investors a pro-rata opportunity to maintain their ownership while the firm bolsters its balance sheet, and the relatively tight timetable and defined ISIN for entitlements aim to facilitate smoother trading and participation in the capital-raising exercise.

5paisa Capital Files Q3 FY26 Earnings Call Transcript with Exchanges
Jan 20, 2026

5paisa Capital Limited has submitted to the stock exchanges the official transcript of its earnings conference call discussing the company’s unaudited consolidated and standalone financial results for the quarter and nine months ended December 31, 2025. The call, held on January 14, 2026, covered the firm’s business financials and operations and featured participation from the managing director and CEO, the CFO, and the CTO, and the transcript has been made publicly available on the company’s investor relations website, enhancing disclosure and transparency for shareholders and market participants.

5paisa Capital Publishes Q3 FY26 Unaudited Results in Leading Dailies
Jan 14, 2026

5paisa Capital Limited has published its unaudited consolidated and standalone financial results for the quarter and nine months ended December 31, 2025, in leading English and Marathi newspapers, including Business Standard, Free Press Journal and Nav Shakti. The results have also been made available on the company’s investor relations website, underscoring its compliance with SEBI’s listing and disclosure norms and reinforcing transparency for shareholders and market participants.

5paisa Capital Schedules Earnings Call for Q3 and Nine-Month FY 2025-26 Results
Jan 9, 2026

5paisa Capital Limited has announced that it will host an earnings conference call on January 14, 2026, to discuss its unaudited financial results for the quarter and nine months ended December 31, 2025. The group call will open with a management discussion of the Q3 and FY 2025-26 results, which are scheduled to be released on January 13, 2026, followed by an interactive Q&A session with participants, underscoring the company’s efforts to maintain transparent communication with investors and analysts; detailed call information has been made available on its investor relations website.

Exchange Seeks Clarification From 5paisa Capital After Spike in Trading Volumes
Jan 1, 2026

The stock of 5paisa Capital Ltd. has seen a significant surge in trading volumes, prompting the stock exchange to seek clarification from the company. The exchange’s move aims to ensure that investors have access to the most up-to-date and relevant information about the company and to safeguard investor interests, with the market currently awaiting the company’s formal response.

5paisa Capital Says Surge in Share Volumes Is Market-Driven, Affirms Regulatory Compliance
Dec 26, 2025

5paisa Capital Ltd. has clarified to stock exchanges that the recent significant increase in trading volumes of its equity shares is entirely market-driven and not the result of any company-specific actions or undisclosed developments. Management stated it has neither control over nor specific knowledge about the reasons for the spike in volume, and reiterated that the company is in full compliance with disclosure obligations under SEBI’s Listing Regulations, signalling that there is no additional price-sensitive information pending disclosure for investors and regulators at this time.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Nov 19, 2025