Debasis Mohapatra
Bengaluru, 15 November 2026
Paytm, the leading fintech company of India, has recovered all its lost market cap since listing with its closing price touching Rs 1,939.90 on Friday (Nov 13, 2026) in NSE.
However, the journey has not been easy with the fintech’s share price getting severe beating after its listing in November 2021.
The company’s share got listed at Rs 1,950, which was around 9% discount to its IPO price. However, investors got skeptical post its listing on bourses owing to heavy cash burn and hazy path to profitability. In one year time (Nov 2021 to Nov 2022), its share price lost more than 60% of its value.
2023 was an year of stabilization for Paytm’s shares as increasing subscription revenue from merchants gave reassurance to investors about the company’s growth potential.
However, 2024 was brutal for the stock as regulatory action by Reserve Bank of India put the stock on a backfoot. On 31st January, 2024; RBI restricted Paytm Payments Bank Ltd (PPBL) from accepting fresh deposits, credit transactions, or top-ups in any customer accounts, prepaid instruments, wallets, FASTags, and NCMC cards. This proved to be a severe blow on company’s stock price. Its stock price touched its all time low of around Rs 342 per share in NSE.
However, the company took several strategic calls to stabilize its operations. Firstly, it cut down the flab by trimming its non-core operations along with reducing the headcount. Secondly, it focussed heavily on its core payment business. These measures helped the company to slowly move towards profitability.
In 2025, the company’s share price gained more than 4 times of its value from its all-time low figure.
In Q1 of FY26, the company posted its first-ever net profit of Rs 122.5 crore. For the whole fiscal year of FY26, company’s net profit came at Rs 552 crore. Improving profitability and stabilizing operations pushed the stock price up by more than 50% in 2025 and first half of 2026.
Latest uptick in the stock came when RBI gave approval to Paytm for resuming its wallet operations. And the stock surpassed its listing price last Friday and recovered all its market cap in the last five years.
