Pioneer Investcorp Ltd
Incorporated in 1984, Pioneer Investcorp Ltd
is in the business of providing Financial Services
- Market Cap ₹ 96.6 Cr.
- Current Price ₹ 78.6
- High / Low ₹ 136 / 59.4
- Stock P/E 6.77
- Book Value ₹ 140
- Dividend Yield 0.00 %
- ROCE 10.9 %
- ROE 9.60 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Stock is trading at 0.56 times its book value
- Company has delivered good profit growth of 78.0% CAGR over last 5 years
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 6.03% over last 3 years.
- Promoters have pledged 43.2% of their holding.
- Earnings include an other income of Rs.15.3 Cr.
- Company has high debtors of 795 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 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 34 | 25 | 63 | 40 | 38 | 43 | 31 | 36 | 32 | 41 | 47 | 55 | 38 | |
| 17 | 18 | 24 | 31 | 28 | 26 | 19 | 20 | 21 | 24 | 24 | 27 | 25 | |
| Operating Profit | 17 | 8 | 39 | 9 | 10 | 17 | 12 | 16 | 11 | 17 | 23 | 28 | 14 |
| OPM % | 50% | 31% | 62% | 23% | 27% | 39% | 40% | 44% | 34% | 40% | 49% | 51% | 36% |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 3 | 5 | 15 | |
| Interest | 9 | 8 | 13 | 7 | 8 | 11 | 8 | 10 | 7 | 11 | 14 | 12 | 11 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Profit before tax | 8 | -1 | 25 | 1 | 2 | 5 | 3 | 5 | 4 | 7 | 11 | 19 | 17 |
| Tax % | 18% | -35% | 30% | 74% | -4% | 38% | 68% | 25% | 43% | 39% | 26% | 18% | |
| 6 | -1 | 18 | 0 | 2 | 3 | 1 | 4 | 2 | 4 | 8 | 16 | 14 | |
| EPS in Rs | 5.04 | -0.69 | 14.48 | 0.26 | 1.57 | 2.53 | 0.72 | 3.03 | 1.68 | 3.31 | 6.42 | 12.94 | 11.60 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | 12% |
| 3 Years: | 19% |
| TTM: | -11% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 35% |
| 5 Years: | 78% |
| 3 Years: | 97% |
| TTM: | 74% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 14% |
| 5 Years: | 19% |
| 3 Years: | 33% |
| 1 Year: | 15% |
| Return on Equity | |
|---|---|
| 10 Years: | 4% |
| 5 Years: | 5% |
| 3 Years: | 6% |
| Last Year: | 10% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 |
| Reserves | 96 | 96 | 113 | 110 | 112 | 117 | 119 | 124 | 126 | 135 | 143 | 159 |
| 66 | 34 | 50 | 46 | 73 | 42 | 103 | 51 | 84 | 108 | 143 | 109 | |
| 18 | 8 | 20 | 10 | 9 | 9 | 8 | 16 | 24 | 149 | 150 | 136 | |
| Total Liabilities | 193 | 151 | 197 | 179 | 207 | 182 | 243 | 205 | 248 | 406 | 449 | 417 |
| 3 | 2 | 3 | 4 | 5 | 6 | 5 | 5 | 4 | 5 | 5 | 8 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 7 | 4 | 15 | 16 | 17 | 16 | 16 | 18 | 18 | 119 | 122 | 127 |
| 183 | 145 | 179 | 158 | 186 | 160 | 222 | 182 | 226 | 282 | 322 | 282 | |
| Total Assets | 193 | 151 | 197 | 179 | 207 | 182 | 243 | 205 | 248 | 406 | 449 | 417 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 10 | 29 | 10 | 17 | -12 | 32 | -55 | 68 | -30 | -23 | -25 | 68 | |
| 1 | 5 | -11 | -1 | -1 | 6 | 1 | -2 | 1 | 6 | 5 | -25 | |
| -7 | -40 | 3 | -12 | 20 | -43 | 52 | -62 | 26 | 11 | 21 | -46 | |
| Net Cash Flow | 4 | -6 | 1 | 4 | 7 | -5 | -2 | 5 | -2 | -6 | 1 | -3 |
| Free Cash Flow | 10 | 29 | 9 | 15 | -12 | 30 | -55 | 67 | -30 | -24 | -25 | 64 |
| CFO/OP | 63% | 387% | 48% | 189% | -103% | 194% | -438% | 437% | -258% | -132% | -98% | 256% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 1,131 | 1,350 | 569 | 925 | 1,027 | 1,130 | 1,397 | 1,044 | 1,660 | 1,240 | 1,043 | 795 |
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 1,131 | 1,350 | 569 | 925 | 1,027 | 1,130 | 1,397 | 1,044 | 1,660 | 1,240 | 1,043 | 795 |
| Working Capital Days | 824 | 1,182 | 559 | 801 | 929 | 1,142 | 2,347 | 1,488 | 2,113 | 686 | 838 | 415 |
| ROCE % | 10% | 5% | 24% | 5% | 5% | 8% | 6% | 7% | 5% | 7% | 9% | 11% |
Insights
In beta| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Brokerage Income Rs. lakhs |
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| Investment Banking & Advisory Fees Rs. lakhs |
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| Stock in Trade (Securities Inventory) Rs. lakhs |
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| Total Transaction Volume (G-Sec, SDL & Corporate Bonds) Rs. crore |
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| Average Cash Credit Limit Utilization % |
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Extracted by Screener AI
Documents
Announcements
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Closure of Trading Window
- Trading window closes from 1 October 2026 for Q2 and half-year results ended 30 September 2026.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
- Post dispatch AGM Notice - Newspaper Advertisement.
-
Book Closure Intimation For 41St AGM
- 41st AGM on 30 Sep 2026; seeks approval for ₹300 crore NCD issuance, book closure and e-voting dates set.
- Reg. 34 (1) Annual Report.
- Intimation For 41St Annual General Meeting "AGM" To Be Held On 30Th September, 2026.
Annual reports
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Annual Report 2026
from bse
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Annual Report 2025
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Annual Report 2024
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Annual Report 2023
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Annual Report 2022
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Annual Report 2021
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Annual Report 2020
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Annual Report 2019
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Annual Report 2018
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Annual Report 2017
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Annual Report 2016
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Annual Report 2015
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Annual Report 2014
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Annual Report 2013
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Annual Report 2012
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Business Overview:[1][2]
PICL is an integrated mid-market focused financial services company. It is a SEBI registered Category – I
Merchant Banker and provides Investment Banking and Financial Advisory Services. It is engaged in the business of portfolio investments securities and to deal in the Government Securities including Government Bonds, Loans, National Savings Certificates, Post Office Savings Schemes, Units in the Investments, SDL and corporate bonds under its proprietary book, etc.