Pioneer Investcorp Ltd

Pioneer Invest Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Pioneer Investcorp Ltd

₹ 92.0 2.20%
05 Mar 10:50 a.m.
pinc.co.in BSE: 507864
About

Incorporated in 1984, Pioneer Investcorp Ltd
is in the business of providing Financial Services

Key Points

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

Website BSE
  • Market Cap ₹ 113 Cr.
  • Current Price ₹ 92.0
  • High / Low ₹ 134 / 55.0
  • Stock P/E 12.7
  • Book Value ₹ 113
  • Dividend Yield 0.00 %
  • ROCE 8.00 %
  • ROE 2.40 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Stock is trading at 0.80 times its book value
  • Company is expected to give good quarter

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of 0.52% over past five years.
  • Company has a low return on equity of 1.72% over last 3 years.
  • Promoters have pledged 43.5% of their holding.
  • Company has high debtors of 621 days.
  • Company's cost of borrowing seems high

* 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

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
6.11 7.18 6.05 5.39 6.27 8.38 5.59 6.07 7.34 8.18 12.99 10.58 8.73
3.83 3.86 3.67 3.38 3.75 3.96 3.65 4.49 3.99 6.31 7.00 5.41 3.33
Operating Profit 2.28 3.32 2.38 2.01 2.52 4.42 1.94 1.58 3.35 1.87 5.99 5.17 5.40
OPM % 37.32% 46.24% 39.34% 37.29% 40.19% 52.74% 34.70% 26.03% 45.64% 22.86% 46.11% 48.87% 61.86%
0.07 0.13 0.06 0.06 0.06 0.17 0.51 3.70 0.29 4.24 0.12 0.02 0.01
Interest 1.68 2.09 2.02 1.44 1.85 2.48 1.48 4.04 2.40 3.26 2.82 1.41 1.20
Depreciation 0.21 0.09 0.20 0.19 0.20 0.20 0.17 0.17 0.14 0.31 0.11 0.15 0.20
Profit before tax 0.46 1.27 0.22 0.44 0.53 1.91 0.80 1.07 1.10 2.54 3.18 3.63 4.01
Tax % 23.91% 67.72% 13.64% 20.45% 26.42% 20.94% 18.75% 23.36% 18.18% 68.90% 25.16% 25.07% 25.19%
0.35 0.41 0.19 0.34 0.40 1.51 0.64 0.82 0.91 0.79 2.38 2.73 3.01
EPS in Rs 0.28 0.33 0.15 0.28 0.33 1.23 0.52 0.67 0.74 0.64 1.94 2.22 2.45
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
27.09 30.83 22.19 53.51 34.30 31.63 35.00 25.61 27.49 23.59 26.43 35.92 40.48
17.10 13.17 13.72 20.10 26.95 23.32 20.23 14.72 14.73 14.62 14.76 17.86 22.05
Operating Profit 9.99 17.66 8.47 33.41 7.35 8.31 14.77 10.89 12.76 8.97 11.67 18.06 18.43
OPM % 36.88% 57.28% 38.17% 62.44% 21.43% 26.27% 42.20% 42.52% 46.42% 38.02% 44.15% 50.28% 45.53%
-12.35 0.01 0.01 0.01 0.01 0.01 0.12 0.06 0.01 0.01 0.02 0.01 4.39
Interest 7.74 5.65 5.34 11.39 5.56 7.15 10.46 7.48 7.70 6.12 7.80 11.77 8.69
Depreciation 1.44 0.67 0.65 0.51 0.43 0.95 1.03 0.92 0.84 0.72 0.79 0.80 0.77
Profit before tax -11.54 11.35 2.49 21.52 1.37 0.22 3.40 2.55 4.23 2.14 3.10 5.50 13.36
Tax % 7.54% 25.73% 16.47% 39.73% -10.95% -59.09% 36.18% 75.29% 13.24% 46.26% 21.29% 42.73%
-12.41 8.43 2.07 12.97 1.53 0.34 2.18 0.63 3.67 1.16 2.43 3.16 8.91
EPS in Rs -10.09 6.86 1.68 10.55 1.24 0.28 1.77 0.51 2.98 0.94 1.98 2.57 7.25
Dividend Payout % 0.00% 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: 2%
5 Years: 1%
3 Years: 9%
TTM: 48%
Compounded Profit Growth
10 Years: -9%
5 Years: 8%
3 Years: -5%
TTM: 130%
Stock Price CAGR
10 Years: 19%
5 Years: 27%
3 Years: 40%
1 Year: 36%
Return on Equity
10 Years: 2%
5 Years: 2%
3 Years: 2%
Last Year: 2%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Sep 2025
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 80.80 88.00 90.06 103.03 104.56 107.86 110.10 111.31 116.36 117.59 117.21 120.32 125.47
34.37 42.44 18.21 49.34 30.40 73.89 41.42 102.48 50.89 73.78 67.30 101.00 45.51
3.92 7.44 4.25 12.64 4.43 4.61 4.63 4.23 8.54 12.42 6.99 12.03 18.76
Total Liabilities 131.98 150.77 125.41 177.90 152.28 199.25 169.04 230.91 188.68 216.68 204.39 246.24 202.63
4.67 2.89 2.32 2.72 3.14 4.46 5.05 3.68 4.05 3.37 2.59 2.97 4.10
CWIP 0.00 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 41.86 46.47 44.94 56.44 58.42 60.99 57.90 58.04 59.82 59.94 56.04 57.57 57.68
85.45 101.41 78.15 118.74 90.72 133.80 106.09 169.19 124.81 153.37 145.76 185.70 140.85
Total Assets 131.98 150.77 125.41 177.90 152.28 199.25 169.04 230.91 188.68 216.68 204.39 246.24 202.63

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
38.74 3.19 22.15 -7.07 24.55 -25.49 26.86 -56.39 58.44 -17.03 15.75 3.08
52.47 0.14 2.03 -11.93 3.74 -1.51 6.10 0.61 0.47 0.24 5.99 -25.35
-76.23 2.41 -29.59 19.74 -24.50 34.34 -42.93 53.58 -59.28 16.78 -21.73 22.29
Net Cash Flow 14.98 5.74 -5.41 0.73 3.79 7.34 -9.97 -2.20 -0.37 -0.01 0.01 0.02

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 538.00 548.51 836.10 373.12 507.06 751.12 936.49 1,107.83 896.50 1,563.05 1,335.99 621.37
Inventory Days
Days Payable
Cash Conversion Cycle 538.00 548.51 836.10 373.12 507.06 751.12 936.49 1,107.83 896.50 1,563.05 1,335.99 621.37
Working Capital Days 612.64 562.59 897.28 378.37 544.41 675.65 837.62 2,284.63 1,529.31 1,781.52 1,615.78 1,220.09
ROCE % 5.14% 12.53% 5.92% 22.98% 4.43% 4.30% 7.72% 5.12% 5.87% 4.30% 5.43% 8.00%

Insights

In beta
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Total Assets (Consolidated)
Rs. crore

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Number of Permanent Employees
Number
Investment Banking & Advisory Fees
Rs. crore
Overall Transaction Volume (G-Sec, SDL and Corporate Bonds)
Rs. crore

Shareholding Pattern

Numbers in percentages

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
64.80% 64.80% 64.80% 64.80% 64.80% 64.80% 64.80% 64.80% 64.80% 64.80% 65.34% 65.46%
3.79% 3.79% 3.79% 3.79% 3.79% 3.79% 3.79% 3.59% 2.99% 2.99% 2.99% 2.99%
0.22% 0.22% 0.22% 0.22% 0.22% 0.22% 0.22% 0.22% 0.22% 0.22% 0.22% 0.22%
31.18% 31.19% 31.19% 31.18% 31.19% 31.18% 31.19% 31.40% 32.01% 31.99% 31.46% 31.33%
No. of Shareholders 4,0784,0944,1164,0864,0934,1184,1124,8114,9324,8534,8954,732

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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