Piramal Enterprises Ltd

Piramal Enterprises Ltd

₹ 1,143 3.08%
21 May 2:18 p.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 25,913 Cr.
  • Current Price 1,143
  • High / Low 1,275 / 737
  • Stock P/E 53.4
  • Book Value 1,202
  • Dividend Yield 0.90 %
  • ROCE 6.86 %
  • ROE 1.81 %
  • Face Value 2.00

Pros

  • Stock is trading at 0.92 times its book value

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -4.71% over past five years.
  • Company has a low return on equity of 3.19% 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

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
4,163 2,160 1,894 2,811 2,132 2,878 2,193 2,476 2,473 2,123 2,288 2,825 2,854
Interest 1,237 1,044 1,000 959 991 1,042 1,039 1,103 1,167 1,196 1,305 1,364 1,417
2,987 579 3,783 1,818 1,318 1,158 1,075 1,270 2,851 762 936 1,374 1,537
Financing Profit -61 538 -2,890 34 -178 677 79 103 -1,544 165 47 87 -100
Financing Margin % -1% 25% -153% 1% -8% 24% 4% 4% -62% 8% 2% 3% -4%
426 7,787 687 110 24 42 18 -3,396 1,572 134 198 58 269
Depreciation 190 25 27 30 41 37 38 41 712 51 55 54 53
Profit before tax 174 8,301 -2,230 113 -194 682 59 -3,335 -684 248 190 91 116
Tax % 14% 2% -31% -3,024% 1% 25% 18% -29% -120% 27% 14% 57% 12%
151 8,155 -1,536 3,545 -196 509 48 -2,378 137 181 163 39 102
EPS in Rs 4.59 341.66 -64.36 148.53 -8.21 21.31 2.14 -105.83 6.10 8.05 7.23 1.71 4.54
Gross NPA % 3.40% 3.70% 3.70% 4.01% 3.76% 2.79% 2.74% 2.41% 2.37% 2.67% 3.08% 2.83%
Net NPA % 1.60% 1.80% 1.30% 1.69% 1.93% 1.47% 1.48% 1.11% 0.83% 1.08% 1.46% 1.46%
Raw PDF

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
4,503 5,123 6,342 8,504 10,631 11,883 13,068 12,809 7,726 8,981 10,110 10,270
Interest 1,050 511 959 2,031 2,978 4,100 5,321 4,209 4,225 3,994 4,344 5,282
3,855 4,233 4,751 4,997 5,471 5,264 6,801 5,338 1,984 7,434 6,351 4,608
Financing Profit -402 379 631 1,475 2,182 2,519 947 3,263 1,516 -2,447 -584 380
Financing Margin % -9% 7% 10% 17% 21% 21% 7% 25% 20% -27% -6% 4%
214 2,946 579 217 260 198 1,555 754 963 8,470 -1,865 479
Depreciation 247 290 255 382 477 401 520 561 74 123 829 214
Profit before tax -435 3,035 954 1,310 1,964 2,316 1,982 3,456 2,405 5,900 -3,278 645
Tax % 14% 11% 5% 17% -146% 37% 99% 59% 17% -69% -49% 25%
-501 2,850 905 1,252 5,120 1,464 21 1,413 1,999 9,969 -1,684 485
EPS in Rs -24.58 139.70 44.35 61.39 250.81 70.26 1.07 59.08 80.57 417.62 -74.94 21.53
Dividend Payout % -181% 12% 33% 29% 9% 35% 1,314% 56% 41% 7% -13% 51%
Compounded Sales Growth
10 Years: 7%
5 Years: -5%
3 Years: 10%
TTM: 2%
Compounded Profit Growth
10 Years: 0%
5 Years: 117%
3 Years: -35%
TTM: 35%
Stock Price CAGR
10 Years: 7%
5 Years: 15%
3 Years: 1%
1 Year: 35%
Return on Equity
10 Years: 6%
5 Years: 4%
3 Years: 3%
Last Year: 2%

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 35 35 35 35 36 37 45 45 48 48 45 45
Reserves 9,287 11,701 12,914 14,848 26,526 27,187 30,526 33,973 35,441 31,011 26,512 27,051
Borrowing 9,552 7,306 16,279 30,451 44,161 56,037 42,238 39,557 55,539 49,583 53,611 65,577
2,622 1,891 1,722 2,875 2,048 2,333 2,091 3,321 8,652 3,110 2,437 2,271
Total Liabilities 21,495 20,933 30,949 48,209 72,771 85,594 74,900 76,896 99,681 83,752 82,605 94,943
6,191 7,065 7,525 9,973 10,726 11,197 6,415 7,860 9,133 3,263 3,389 3,311
CWIP 491 277 355 880 647 494 517 636 1,188 6 20 0
Investments 9,446 7,768 16,317 25,181 28,842 25,747 19,443 22,029 24,857 22,332 12,513 12,539
5,367 5,823 6,752 12,176 32,556 48,156 48,525 46,371 64,503 58,151 66,683 79,094
Total Assets 21,495 20,933 30,949 48,209 72,771 85,594 74,900 76,896 99,681 83,752 82,605 94,943

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
-1,604 -2,207 -6,956 -10,057 -15,967 -11,611 7,516 3,665 8,443 1,378 26 -8,091
1,535 6,193 -594 -2,376 -1,747 -820 7,491 -2,766 -967 -646 -1,872 -1,854
126 -3,865 7,544 13,570 18,650 10,752 -13,019 2,072 -6,774 -3,287 1,390 11,664
Net Cash Flow 57 122 -7 1,138 936 -1,679 1,988 2,970 702 -2,555 -455 1,718

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
ROE % -5% 4% 7% 9% 25% 7% 0% 4% 5% 6% 1% 2%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
43.49% 43.48% 43.48% 43.48% 43.48% 46.20% 46.20% 46.20% 46.03% 46.30% 46.30% 46.41%
34.54% 32.05% 31.25% 28.67% 26.04% 19.69% 17.19% 16.97% 16.19% 14.93% 16.44% 16.12%
8.13% 7.85% 8.05% 9.59% 11.92% 12.06% 13.02% 13.19% 13.35% 14.94% 13.82% 14.33%
13.47% 16.10% 16.71% 17.75% 18.06% 21.56% 23.09% 23.14% 23.94% 23.42% 23.08% 22.78%
0.36% 0.50% 0.49% 0.49% 0.49% 0.50% 0.50% 0.49% 0.50% 0.41% 0.37% 0.35%
No. of Shareholders 1,84,2702,59,6352,65,2132,68,9462,82,9322,95,1093,14,9133,15,9453,10,8572,78,2432,63,8992,59,284

* 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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Documents

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