Pilani Investment & Industries Corporation Ltd

₹ 1,916 1.93%
25 Nov - close price
About

Pilani Investment and Industries Corporation Limited is registered as a non-deposit-taking NBFC with the Reserve Bank of India. It functions as a core investment company with main activity being investment in shares and securities of the Birla group companies and providing finance to them. [1]

Key Points

Investments
The Co holds significant investments in Equity Shares of various diversified companies like Century Textiles and Industries Limited, Grasim Industries Limited, Hindalco Industries Limited, UltraTech Cement Limited, Vodafone Idea Limited, Kesoram Industries Limited etc. The market value of these investments stood at 11,500 crores as of Dec 2021. [1]

  • Market Cap 2,122 Cr.
  • Current Price 1,916
  • High / Low 2,250 / 1,509
  • Stock P/E 13.0
  • Book Value 8,831
  • Dividend Yield 0.78 %
  • ROCE 2.39 %
  • ROE 1.54 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.22 times its book value
  • Company has delivered good profit growth of 26.6% CAGR over last 5 years

Cons

  • Company has a low return on equity of 1.67% 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.

Peer comparison

Sector: Finance Industry: Finance & Investments

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
75 33 38 37 73 49 50 55 101 52 53 60 126
1 1 7 2 3 1 2 2 1 1 4 2 1
Operating Profit 74 31 31 36 70 48 48 53 100 51 49 58 125
OPM % 99% 96% 81% 96% 96% 98% 97% 97% 99% 98% 93% 97% 99%
0 0 0 0 0 0 1 0 0 0 0 0 0
Interest 11 11 11 7 13 15 16 16 15 13 14 17 19
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax 63 20 20 28 57 32 33 37 85 37 35 41 106
Tax % 3% 25% 48% 24% 18% 24% 25% 25% 20% 25% 26% 26% 25%
Net Profit 61 15 10 21 46 25 25 28 68 28 26 30 80
EPS in Rs 54.55 13.71 9.40 19.35 41.85 22.20 22.49 25.13 61.09 25.41 23.17 27.23 72.06
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
48 47 197 64 51 47 53 48 49 153 209 260 290
3 4 2 3 6 6 4 4 3 11 7 7 7
Operating Profit 45 44 194 61 44 40 49 44 45 142 202 253 283
OPM % 93% 92% 99% 96% 87% 87% 93% 92% 93% 93% 97% 97% 98%
0 0 0 3 0 0 0 0 0 0 1 0 0
Interest 0 0 0 0 0 0 0 0 19 43 52 59 64
Depreciation 0 0 0 0 0 0 1 1 0 0 0 0 0
Profit before tax 45 44 194 64 44 40 49 44 26 99 150 194 219
Tax % 2% 2% 18% 6% 4% 3% 5% 6% -29% 18% 22% 23%
Net Profit 44 43 159 60 42 39 46 41 33 81 117 149 164
EPS in Rs 39.57 38.52 143.19 54.03 38.22 35.05 41.40 37.03 30.08 73.05 106.03 134.80 147.87
Dividend Payout % 45% 46% 12% 33% 47% 51% 43% 48% 59% 24% 14% 11%
Compounded Sales Growth
10 Years: 19%
5 Years: 38%
3 Years: 75%
TTM: 14%
Compounded Profit Growth
10 Years: 13%
5 Years: 27%
3 Years: 65%
TTM: 13%
Stock Price CAGR
10 Years: %
5 Years: -1%
3 Years: 14%
1 Year: 1%
Return on Equity
10 Years: 2%
5 Years: 1%
3 Years: 2%
Last Year: 2%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
8 8 8 8 8 8 8 8 8 8 11 11 11
Reserves 644 664 800 836 855 870 916 5,179 4,408 4,352 9,067 10,234 9,767
0 0 0 0 0 0 0 0 245 420 810 1,066 995
24 24 25 26 27 29 3 7 16 107 382 534 467
Total Liabilities 676 696 832 870 890 907 927 5,194 4,677 4,887 10,270 11,846 11,239
0 0 0 0 0 0 0 2 2 2 2 1 1
CWIP 0 0 0 0 0 0 0 0 0 0 0 0 0
Investments 670 679 720 794 808 886 915 5,184 4,665 3,430 8,224 9,515 8,911
6 17 113 76 81 20 11 8 9 1,455 2,044 2,329 2,327
Total Assets 676 696 832 870 890 907 927 5,194 4,677 4,887 10,270 11,846 11,239

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
-2 23 23 28 26 26 16 40 36 -1,360 -431 -97
25 -0 -0 1 -5 -6 8 -16 -238 1,256 110 -80
-23 -23 -23 -23 -23 -24 -24 -24 202 108 318 181
Net Cash Flow 0 0 -0 6 -2 -4 -0 -0 0 3 -3 4

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 1 2 1 2 4 3 2 2 4 2 1 0
Inventory Days
Days Payable
Cash Conversion Cycle 1 2 1 2 4 3 2 2 4 2 1 0
Working Capital Days -161 -106 143 198 271 -214 -15 8 -109 44 -7 -7
ROCE % 7% 7% 26% 8% 5% 5% 5% 1% 1% 3% 3% 2%

Shareholding Pattern

Numbers in percentages

Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
57.55 57.55 57.55 57.55 57.55 57.55 57.55 57.55 57.55 57.55 57.55 57.55
0.15 0.29 0.29 0.31 0.36 0.36 0.36 0.36 0.36 0.38 0.50 0.54
2.24 2.28 1.24 1.24 1.23 1.23 0.25 0.25 0.25 0.25 0.24 0.25
40.06 39.88 40.93 40.91 40.86 40.87 41.84 41.84 41.84 41.82 41.71 41.66

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