Pioneer Investcorp Ltd
Incorporated in 1984, Pioneer Investcorp Ltd
is in the business of providing Financial Services
- Market Cap ₹ 61.2 Cr.
- Current Price ₹ 49.8
- High / Low ₹ 55.5 / 27.9
- Stock P/E 61.2
- Book Value ₹ 114
- Dividend Yield 0.00 %
- ROCE 4.93 %
- ROE 1.49 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.44 times its book value
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -4.02% over past five years.
- Company has a low return on equity of 1.65% over last 3 years.
- Company might be capitalizing the interest cost
- Promoters have pledged 43.9% of their holding.
- Company has high debtors of 1,660 days.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Finance Industry: Finance & Investments
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
56.20 | 58.30 | 30.79 | 34.47 | 25.35 | 63.01 | 39.70 | 37.68 | 42.76 | 31.06 | 36.01 | 32.33 | 33.78 | |
39.13 | 28.01 | 21.51 | 17.19 | 17.51 | 23.82 | 30.76 | 27.60 | 26.04 | 18.69 | 20.26 | 21.26 | 21.48 | |
Operating Profit | 17.07 | 30.29 | 9.28 | 17.28 | 7.84 | 39.19 | 8.94 | 10.08 | 16.72 | 12.37 | 15.75 | 11.07 | 12.30 |
OPM % | 30.37% | 51.96% | 30.14% | 50.13% | 30.93% | 62.20% | 22.52% | 26.75% | 39.10% | 39.83% | 43.74% | 34.24% | 36.41% |
4.41 | -9.76 | -14.28 | 0.01 | 0.01 | 0.08 | 0.01 | 0.01 | 0.12 | 0.07 | 0.01 | 0.02 | 0.48 | |
Interest | 8.48 | 12.18 | 12.94 | 9.05 | 8.49 | 13.42 | 7.14 | 7.64 | 10.61 | 8.47 | 9.69 | 6.55 | 8.94 |
Depreciation | 2.35 | 2.50 | 1.51 | 0.71 | 0.69 | 0.54 | 0.57 | 0.59 | 1.24 | 1.17 | 1.08 | 0.95 | 0.93 |
Profit before tax | 10.65 | 5.85 | -19.45 | 7.53 | -1.33 | 25.31 | 1.24 | 1.86 | 4.99 | 2.80 | 4.99 | 3.59 | 2.91 |
Tax % | 43.38% | 27.35% | -7.30% | 17.66% | 35.34% | 29.67% | 74.19% | -3.76% | 37.68% | 68.21% | 25.25% | 42.90% | |
6.03 | 4.24 | -20.86 | 6.20 | -0.85 | 17.80 | 0.32 | 1.93 | 3.11 | 0.88 | 3.73 | 2.06 | 1.00 | |
EPS in Rs | 4.90 | 3.45 | -16.96 | 5.04 | -0.69 | 14.48 | 0.26 | 1.57 | 2.53 | 0.72 | 3.03 | 1.68 | 0.81 |
Dividend Payout % | 10.69% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Compounded Sales Growth | |
---|---|
10 Years: | -6% |
5 Years: | -4% |
3 Years: | -9% |
TTM: | -1% |
Compounded Profit Growth | |
---|---|
10 Years: | 17% |
5 Years: | 45% |
3 Years: | -13% |
TTM: | -78% |
Stock Price CAGR | |
---|---|
10 Years: | 15% |
5 Years: | 13% |
3 Years: | 20% |
1 Year: | 61% |
Return on Equity | |
---|---|
10 Years: | 2% |
5 Years: | 2% |
3 Years: | 2% |
Last Year: | 1% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 12.89 | 12.89 | 12.89 | 12.89 | 12.89 | 12.89 | 12.89 | 12.89 | 12.89 | 12.89 | 12.89 | 12.89 | 12.89 |
Reserves | 107.03 | 111.26 | 91.40 | 96.37 | 95.51 | 113.32 | 109.79 | 111.73 | 117.40 | 118.93 | 124.06 | 126.37 | 126.89 |
94.94 | 142.46 | 63.69 | 65.64 | 34.38 | 50.45 | 45.87 | 73.09 | 42.42 | 103.13 | 51.27 | 84.16 | 224.59 | |
23.58 | 34.31 | 14.83 | 18.04 | 7.94 | 20.17 | 10.01 | 9.34 | 9.43 | 8.28 | 16.48 | 24.39 | 26.45 | |
Total Liabilities | 238.44 | 300.92 | 182.81 | 192.94 | 150.72 | 196.83 | 178.56 | 207.05 | 182.14 | 243.23 | 204.70 | 247.81 | 390.82 |
10.44 | 69.81 | 4.84 | 2.98 | 2.38 | 2.75 | 4.46 | 4.57 | 6.27 | 4.69 | 4.85 | 3.94 | 3.84 | |
CWIP | 75.10 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Investments | 6.61 | 6.86 | 2.18 | 6.76 | 3.69 | 15.05 | 16.26 | 16.79 | 15.94 | 16.18 | 17.92 | 18.15 | 17.57 |
146.29 | 224.25 | 175.79 | 183.20 | 144.65 | 179.03 | 157.84 | 185.69 | 159.93 | 222.36 | 181.93 | 225.72 | 369.41 | |
Total Assets | 238.44 | 300.92 | 182.81 | 192.94 | 150.72 | 196.83 | 178.56 | 207.05 | 182.14 | 243.23 | 204.70 | 247.81 | 390.82 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
8.90 | -43.64 | 34.30 | 9.88 | 29.04 | 10.22 | 16.88 | -11.64 | 32.26 | -54.84 | 68.09 | -30.13 | |
-35.93 | 3.98 | 55.19 | 0.83 | 4.80 | -11.47 | -1.06 | -0.67 | 6.03 | 0.65 | -1.59 | 0.32 | |
21.05 | 35.33 | -90.60 | -7.10 | -39.76 | 2.64 | -11.71 | 19.57 | -43.28 | 52.23 | -61.54 | 26.34 | |
Net Cash Flow | -5.98 | -4.33 | -1.11 | 3.61 | -5.92 | 1.38 | 4.11 | 7.26 | -4.99 | -1.96 | 4.96 | -3.47 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 726.88 | 771.32 | 1,315.38 | 1,130.90 | 1,350.28 | 569.48 | 924.64 | 1,027.00 | 1,130.25 | 1,396.54 | 1,043.61 | 1,660.28 |
Inventory Days | ||||||||||||
Days Payable | ||||||||||||
Cash Conversion Cycle | 726.88 | 771.32 | 1,315.38 | 1,130.90 | 1,350.28 | 569.48 | 924.64 | 1,027.00 | 1,130.25 | 1,396.54 | 1,043.61 | 1,660.28 |
Working Capital Days | 635.57 | 825.73 | 1,680.85 | 1,516.65 | 1,675.11 | 846.32 | 1,198.71 | 1,480.92 | 1,142.37 | 2,347.12 | 1,488.18 | 2,113.00 |
ROCE % | 11.18% | 5.33% | 3.63% | 9.67% | 4.51% | 24.25% | 4.86% | 5.19% | 8.42% | 5.52% | 6.94% | 4.93% |
Documents
Announcements
- Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 17 Apr
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Compliance Under Regulation 40(9) Of SEBI (LODR) 2015
16 Apr - Certificate under Reg. 40 (9) of SEBI (LODR) for Financial year ended 31st March 2024 as issued by M/s. Parikh Parekh & Associates, Practicing Company …
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 10 Apr
- Shareholder Meeting / Postal Ballot-Outcome of AGM 8 Apr
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
2 Apr - Certificate Under Regulation 74(5) of the SEBI (Depository and Participants) Regulations 2018 for the fourth quarter ended 31st March 2024
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Financial Year 2009
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Business Overview:[1]
Company is a SEBI registered Category–I Merchant Banker and an integrated mid-market focused financial services company. It provides Investment Banking and Financial Advisory Services which includes formulating capital structure, raising capital, debt restructuring, project financing, coal consultancy and other corporate advisory services. Apart from this, company also deals in Secondary capital market like open offer in Takeovers, Right issue, Buyback, Mergers and Amalgamation, and valuation assignments, Government securities (G-Sec & SDL) and corporate bonds