Piramal Enterprises Ltd

About [ edit ]

Piramal Enterprises is one of Indias large diversified companies with a presence in Pharmaceuticals and Financial Services.(Source : 202003 Annual Report Page No:206)

  • Market Cap 36,845 Cr.
  • Current Price 1,634
  • High / Low 2,008 / 845
  • Stock P/E 28.1
  • Book Value 1,508
  • Dividend Yield 0.86 %
  • ROCE 11.1 %
  • ROE 4.15 %
  • Face Value 2.00

Pros

  • Company has reduced debt.
  • Stock is trading at 1.08 times its book value
  • Company has been maintaining a healthy dividend payout of 468.38%
  • Company's median sales growth is 23.79% of last 10 years

Cons

  • Company has low interest coverage ratio.
  • Company has a low return on equity of 3.46% for last 3 years.
  • Promoter holding has decreased over last 3 years: -5.78%
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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
2,902 3,144 3,489 3,409 3,187 3,270 3,270 3,341 2,937 3,302 3,169 3,402
1,430 1,491 1,463 1,592 1,210 1,138 1,151 3,439 1,142 1,302 1,278 1,624
Operating Profit 1,473 1,653 2,026 1,817 1,976 2,133 2,119 -98 1,795 2,000 1,891 1,778
OPM % 51% 53% 58% 53% 62% 65% 65% -3% 61% 61% 60% 52%
Other Income -384 130 170 201 137 142 320 1,093 100 127 263 270
Interest 909 1,016 1,169 1,237 1,329 1,337 1,360 1,295 1,105 1,156 1,012 936
Depreciation 129 123 133 105 121 128 128 143 135 139 142 145
Profit before tax 51 643 895 676 664 809 952 -443 657 832 1,001 966
Tax % 355% 25% 33% 33% 32% 32% 24% -284% 25% 24% 20% 153%
Net Profit -69 481 603 455 449 552 725 -1,702 496 628 780 -571
EPS in Rs -3.37 23.47 29.02 21.79 19.94 24.51 32.14 -75.46 21.97 27.86 34.57 -25.33

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
3,624 1,673 2,159 3,520 4,503 5,123 6,342 8,504 10,631 11,883 13,068 12,809
2,927 1,801 2,165 3,086 3,876 4,283 4,691 4,997 5,471 5,264 6,801 5,345
Operating Profit 697 -128 -7 434 627 840 1,650 3,506 5,160 6,619 6,267 7,464
OPM % 19% -8% -0% 12% 14% 16% 26% 41% 49% 56% 48% 58%
Other Income 129 16,875 472 158 235 2,996 519 217 260 198 1,555 761
Interest 184 89 215 575 1,050 511 959 2,031 2,978 4,100 5,321 4,209
Depreciation 143 96 129 210 247 290 255 382 477 401 520 561
Profit before tax 500 16,563 121 -193 -435 3,035 954 1,310 1,964 2,316 1,982 3,456
Tax % 4% 22% 5% -13% -14% 11% 5% 17% -146% 37% 99% 59%
Net Profit 482 12,883 112 -227 -501 2,850 905 1,252 5,121 1,467 24 1,332
EPS in Rs 19.51 649.04 5.47 -11.15 -24.59 139.77 44.37 61.42 250.81 70.23 1.07 59.07
Dividend Payout % 23% 2% 271% -133% -181% 12% 33% 29% 9% 35% 1,314% 56%
Compounded Sales Growth
10 Years:23%
5 Years:15%
3 Years:6%
TTM:-2%
Compounded Profit Growth
10 Years:17%
5 Years:9%
3 Years:-37%
TTM:5350%
Stock Price CAGR
10 Years:16%
5 Years:5%
3 Years:-12%
1 Year:84%
Return on Equity
10 Years:7%
5 Years:8%
3 Years:3%
Last Year:4%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
42 34 35 35 35 35 35 35 36 37 45 45
Reserves 1,643 11,803 11,208 10,689 9,287 11,701 12,914 14,848 22,169 23,823 28,999 33,973
Borrowings 1,295 757 2,047 7,688 9,552 7,306 16,279 30,451 44,161 56,037 42,199 31,647
773 1,258 1,408 1,832 2,622 1,891 1,722 2,875 6,406 5,697 3,657 11,454
Total Liabilities 3,753 13,851 14,697 20,244 21,495 20,933 30,949 48,209 72,771 85,594 74,900 77,119
1,977 1,444 1,828 5,709 6,191 7,065 7,525 9,973 10,726 11,197 6,415 8,095
CWIP 136 138 261 372 491 277 355 880 647 494 517 401
Investments 33 1,482 6,964 7,877 9,446 7,768 16,317 25,181 28,842 25,747 19,443 22,029
1,607 10,787 5,644 6,285 5,367 5,823 6,752 12,176 32,556 48,156 48,525 46,594
Total Assets 3,753 13,851 14,697 20,244 21,495 20,933 30,949 48,209 72,771 85,594 74,900 77,119

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
433 -4,537 -685 -1,570 -1,604 -2,207 -6,956 -10,057 -15,967 -11,611 7,516 3,665
-173 9,163 -1,581 -1,495 1,535 6,193 -594 -2,376 -1,747 -820 7,491 -2,772
-314 -2,985 640 3,281 126 -3,865 7,544 13,570 18,650 10,752 -13,019 2,072
Net Cash Flow -53 1,641 -1,626 216 57 122 -7 1,138 936 -1,679 1,988 2,964

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
ROCE % 25% 5% 2% 3% 3% 4% 8% 9% 9% 9% 10% 11%
Debtor Days 44 82 74 62 58 59 56 48 47 43 37 44
Inventory Turnover 3.10 1.77 2.34 2.37 2.15 2.12 2.01 2.08 2.17 2.02 1.90 1.63

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
50.77 50.66 49.99 49.70 46.10 46.10 46.06 46.06 46.06 46.06 46.06 46.06
26.64 26.05 26.72 26.86 28.53 28.62 29.10 29.45 29.56 28.96 28.59 29.07
4.39 4.88 5.04 6.27 9.09 9.97 9.85 9.66 9.86 10.17 10.54 10.54
17.32 17.55 17.43 16.36 15.53 14.59 14.23 14.07 13.76 14.05 14.05 13.60
0.88 0.86 0.83 0.81 0.74 0.72 0.76 0.76 0.76 0.76 0.75 0.73

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