Piramal Enterprises Ltd

Piramal Enterprises Ltd

₹ 1,174 -0.97%
06 Aug 11:57 a.m.
About

Piramal Enterprises Limited (PEL) is one of India’s leading diversified non-banking financial companies (NBFC) with assets worth ~$10 billion, with a network of over 400 branches across 26 states/Union Territories, offering a wide range of financial products and solutions across retail and wholesale lending, fund-based platforms and investments.[1]

Key Points

Promoters
Piramal Enterprise is the holding company of the Piramal Group headed by the Chairman, Ajay Piramal. The promoter group has a presence in diversified businesses like financial services through Piramal Enterprise, pharma (CDMO, Critical Care, OTC) through Piramal Pharma Ltd (PPL), and real estate development and consulting (through a separate company). [1]

  • Market Cap 26,605 Cr.
  • Current Price 1,174
  • High / Low 1,356 / 848
  • Stock P/E 64.1
  • Book Value 974
  • Dividend Yield 0.92 %
  • ROCE 4.90 %
  • ROE 2.31 %
  • Face Value 2.00

Pros

  • Company has been maintaining a healthy dividend payout of 33.9%

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 1.68% over past five years.
  • Company has a low return on equity of 5.55% over last 3 years.

* 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025
528 314 3,763 181 1,150 527 636 1,421 557 492 577 480 476
Interest 230 150 165 167 201 151 188 205 197 202 194 200 207
193 830 650 31 226 374 269 637 71 205 148 346 108
Financing Profit 105 -666 2,948 -17 723 2 179 579 289 84 235 -67 161
Financing Margin % 20% -212% 78% -9% 63% 0% 28% 41% 52% 17% 41% -14% 34%
11,472 473 11 9 8 7 -1,614 1,325 11 63 8 70 25
Depreciation 6 7 8 2 2 3 2 665 4 4 5 5 5
Profit before tax 11,571 -200 2,951 -10 729 7 -1,437 1,238 296 143 238 -1 181
Tax % 0% -75% 2% 443% 21% 55% -26% 23% 23% 19% 23% 1,498% 10%
11,549 -51 2,892 -57 577 3 -1,060 954 228 116 183 -23 162
EPS in Rs 483.81 -2.12 121.16 -2.38 24.17 0.13 -47.16 42.44 10.11 5.13 8.13 -1.03 7.17
Gross NPA % 4.92% 2.00% 2.06%
Net NPA % 1.33% 0.78% 0.92%
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
1,991 2,401 3,384 3,766 3,289 3,671 2,013 1,825 2,719 4,794 3,790 2,188 2,025
Interest 813 307 787 1,178 990 1,497 1,710 1,069 1,243 712 745 794 804
1,716 1,953 2,074 1,930 2,072 1,998 650 630 377 1,704 1,506 772 808
Financing Profit -538 141 523 657 228 176 -347 126 1,098 2,379 1,540 623 413
Financing Margin % -27% 6% 15% 17% 7% 5% -17% 7% 40% 50% 41% 28% 20%
244 594 540 357 637 -842 925 -3 135 11,865 -330 70 166
Depreciation 76 89 80 94 112 131 42 33 22 23 673 18 18
Profit before tax -370 646 984 920 753 -798 535 91 1,211 14,221 537 675 561
Tax % 0% 42% -1% 16% 31% 9% 73% 56% 18% -1% 12% 25%
-370 373 996 777 518 -868 145 40 998 14,333 474 504 438
EPS in Rs -18.14 18.27 48.81 38.08 25.39 -41.57 6.42 1.77 41.80 600.47 21.10 22.34 19.40
Dividend Payout % -245% 93% 30% 47% 87% -60% 218% 1,865% 79% 5% 47% 49%
Compounded Sales Growth
10 Years: -1%
5 Years: 2%
3 Years: -7%
TTM: -36%
Compounded Profit Growth
10 Years: 10%
5 Years: 31%
3 Years: -19%
TTM: -46%
Stock Price CAGR
10 Years: 9%
5 Years: 7%
3 Years: 6%
1 Year: 21%
Return on Equity
10 Years: 4%
5 Years: 4%
3 Years: 6%
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
Equity Capital 35 35 35 35 36 37 45 45 48 48 45 45
Reserves 9,093 11,412 12,766 14,388 21,301 19,455 22,583 23,139 24,038 23,987 21,547 21,923
Borrowing 5,893 3,862 13,560 10,255 14,600 17,488 10,618 6,693 8,379 8,715 7,871 8,451
1,908 1,124 757 797 795 1,009 1,230 821 866 354 343 301
Total Liabilities 16,929 16,433 27,117 25,475 36,732 37,988 34,476 30,698 33,331 33,104 29,806 30,720
780 756 954 1,075 1,807 1,824 1,789 1,389 1,434 1,365 737 736
CWIP 162 61 103 602 112 98 119 1 3 3 10 42
Investments 11,586 10,223 18,054 17,274 23,731 23,014 19,439 19,825 18,393 17,436 14,350 16,480
4,400 5,392 8,006 6,524 11,083 13,053 13,128 9,483 13,501 14,300 14,710 13,462
Total Assets 16,929 16,433 27,117 25,475 36,732 37,988 34,476 30,698 33,331 33,104 29,806 30,720

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
-1,749 -3,369 -7,131 -6,348 -4,910 6,747 1,134 2,257 3,106 1,874 3,091 454
1,668 6,771 -1,440 -2,424 -4,403 -9,329 1,887 2,679 -27 -988 167 -967
87 -3,398 8,556 8,887 9,690 2,069 -4,544 -2,466 -3,011 -618 -3,735 457
Net Cash Flow 6 4 -15 115 376 -513 -1,523 2,470 68 268 -476 -56

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
ROE % -3% 2% 8% 6% 3% 2% 1% 1% 4% 10% 4% 2%

Shareholding Pattern

Numbers in percentages

Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025
43.48% 43.48% 43.48% 43.48% 46.20% 46.20% 46.20% 46.03% 46.30% 46.30% 46.41% 46.16%
32.05% 31.25% 28.67% 26.04% 19.69% 17.19% 16.97% 16.19% 14.93% 16.44% 16.12% 15.23%
7.85% 8.05% 9.59% 11.92% 12.06% 13.02% 13.19% 13.35% 14.94% 13.82% 14.33% 15.19%
16.10% 16.71% 17.75% 18.06% 21.56% 23.09% 23.14% 23.94% 23.42% 23.08% 22.78% 22.75%
0.50% 0.49% 0.49% 0.49% 0.50% 0.50% 0.49% 0.50% 0.41% 0.37% 0.35% 0.64%
No. of Shareholders 2,59,6352,65,2132,68,9462,82,9322,95,1093,14,9133,15,9453,10,8572,78,2432,63,8982,59,2832,47,946

* 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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