Pioneer Investcorp Ltd
Incorporated in 1984, Pioneer Investcorp Ltd
is in the business of providing Financial Services
- Market Cap ₹ 102 Cr.
- Current Price ₹ 82.9
- High / Low ₹ 108 / 47.0
- Stock P/E 12.4
- Book Value ₹ 125
- Dividend Yield 0.00 %
- ROCE 8.63 %
- ROE 5.23 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.66 times its book value
- Company has delivered good profit growth of 20.5% CAGR over last 5 years
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 -3.28% over past five years.
- Company has a low return on equity of 3.24% over last 3 years.
- Promoters have pledged or encumbered 43.9% of their holding.
- Earnings include an other income of Rs.13.5 Cr.
- Company has high debtors of 1,343 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
Financial Services Financial Services Finance Other Financial Services
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
30.79 | 34.47 | 25.35 | 63.01 | 39.70 | 37.68 | 42.76 | 31.06 | 36.01 | 32.33 | 41.00 | 36.20 | 42.88 | |
21.51 | 17.19 | 17.51 | 23.82 | 30.76 | 27.60 | 26.04 | 18.69 | 20.26 | 21.26 | 24.42 | 24.48 | 29.02 | |
Operating Profit | 9.28 | 17.28 | 7.84 | 39.19 | 8.94 | 10.08 | 16.72 | 12.37 | 15.75 | 11.07 | 16.58 | 11.72 | 13.86 |
OPM % | 30.14% | 50.13% | 30.93% | 62.20% | 22.52% | 26.75% | 39.10% | 39.83% | 43.74% | 34.24% | 40.44% | 32.38% | 32.32% |
-14.28 | 0.01 | 0.01 | 0.08 | 0.01 | 0.01 | 0.12 | 0.07 | 0.01 | 0.02 | 1.79 | 13.22 | 13.48 | |
Interest | 12.94 | 9.05 | 8.49 | 13.42 | 7.14 | 7.64 | 10.61 | 8.47 | 9.69 | 6.55 | 10.65 | 13.20 | 14.96 |
Depreciation | 1.51 | 0.71 | 0.69 | 0.54 | 0.57 | 0.59 | 1.24 | 1.17 | 1.08 | 0.95 | 1.06 | 1.06 | 0.99 |
Profit before tax | -19.45 | 7.53 | -1.33 | 25.31 | 1.24 | 1.86 | 4.99 | 2.80 | 4.99 | 3.59 | 6.66 | 10.68 | 11.39 |
Tax % | 7.30% | 17.66% | -35.34% | 29.67% | 74.19% | -3.76% | 37.68% | 68.21% | 25.25% | 42.90% | 38.89% | 26.12% | |
-20.86 | 6.20 | -0.85 | 17.80 | 0.32 | 1.93 | 3.11 | 0.88 | 3.73 | 2.06 | 4.07 | 7.89 | 8.22 | |
EPS in Rs | -16.96 | 5.04 | -0.69 | 14.48 | 0.26 | 1.57 | 2.53 | 0.72 | 3.03 | 1.68 | 3.31 | 6.42 | 6.69 |
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: | 0% |
5 Years: | -3% |
3 Years: | 0% |
TTM: | 20% |
Compounded Profit Growth | |
---|---|
10 Years: | 2% |
5 Years: | 20% |
3 Years: | 28% |
TTM: | 17% |
Stock Price CAGR | |
---|---|
10 Years: | 14% |
5 Years: | 23% |
3 Years: | 35% |
1 Year: | 70% |
Return on Equity | |
---|---|
10 Years: | 3% |
5 Years: | 3% |
3 Years: | 3% |
Last Year: | 5% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 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 |
Reserves | 91.40 | 96.37 | 95.51 | 113.32 | 109.79 | 111.73 | 117.40 | 118.93 | 124.06 | 126.37 | 135.02 | 141.17 |
63.69 | 65.64 | 34.38 | 50.45 | 45.87 | 73.09 | 42.42 | 103.13 | 51.27 | 84.16 | 108.41 | 142.74 | |
14.83 | 18.04 | 7.94 | 20.17 | 10.01 | 9.34 | 9.43 | 8.28 | 16.48 | 24.39 | 149.36 | 150.48 | |
Total Liabilities | 182.81 | 192.94 | 150.72 | 196.83 | 178.56 | 207.05 | 182.14 | 243.23 | 204.70 | 247.81 | 405.68 | 447.28 |
4.84 | 2.98 | 2.38 | 2.75 | 4.46 | 4.57 | 6.27 | 4.69 | 4.85 | 3.94 | 4.82 | 4.94 | |
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 |
Investments | 2.18 | 6.76 | 3.69 | 15.05 | 16.26 | 16.79 | 15.94 | 16.18 | 17.92 | 18.15 | 118.96 | 119.91 |
175.79 | 183.20 | 144.65 | 179.03 | 157.84 | 185.69 | 159.93 | 222.36 | 181.93 | 225.72 | 281.90 | 322.43 | |
Total Assets | 182.81 | 192.94 | 150.72 | 196.83 | 178.56 | 207.05 | 182.14 | 243.23 | 204.70 | 247.81 | 405.68 | 447.28 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
34.30 | 9.88 | 29.04 | 10.22 | 16.88 | -11.64 | 32.26 | -54.84 | 68.09 | -30.15 | -23.21 | -24.62 | |
55.19 | 0.83 | 4.80 | -11.47 | -1.06 | -0.67 | 6.03 | 0.65 | -1.59 | 1.31 | 6.40 | 4.98 | |
-90.60 | -7.10 | -39.76 | 2.64 | -11.71 | 19.57 | -43.28 | 52.23 | -61.54 | 26.34 | 11.13 | 20.96 | |
Net Cash Flow | -1.11 | 3.61 | -5.92 | 1.38 | 4.11 | 7.26 | -4.99 | -1.96 | 4.96 | -2.50 | -5.68 | 1.32 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
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 | 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 | 1,239.93 | 1,343.14 |
Inventory Days | ||||||||||||
Days Payable | ||||||||||||
Cash Conversion Cycle | 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 | 1,239.93 | 1,343.14 |
Working Capital Days | 928.92 | 823.61 | 1,181.97 | 559.17 | 800.52 | 928.97 | 1,030.89 | 2,347.12 | 1,488.18 | 2,113.00 | 686.47 | 1,045.39 |
ROCE % | 3.63% | 9.67% | 4.51% | 24.25% | 4.86% | 5.19% | 8.42% | 5.52% | 6.94% | 4.93% | 7.22% | 8.63% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
2d - Newspaper Advertisement attached in relation to the financial results for the first quarter ended 30th June 2025
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Unaudited Financial Results For The Quarter Ended 30Th June 2025
6 Aug - Q1 FY2025 unaudited standalone and consolidated financial results approved and published.
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Board Meeting Outcome for Approval Of Un-Audited Standalone And Consolidated Financial Results For The First Quarter Ended 30Th June 2025
6 Aug - Q1 FY2025 unaudited standalone and consolidated financial results approved and published by Pioneer Investcorp.
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Board Meeting Intimation for Consideration Of Un-Audited Standalone And Consolidated Financial Results For The First Quarter Ended 30Th June 2025
30 Jul - Board meeting on Aug 6 to approve Q1 FY2025-26 un-audited financial results.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
7 Jul - Certificate confirming share dematerialization for quarter ended June 30, 2025 under SEBI regulations.
Annual reports
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Financial Year 2024
from bse
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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
from bse
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