Pilani Investment & Industries Corporation Ltd

₹ 4,489 -3.08%

29 May - close price

pilaniinvestment.com BSE: 539883 NSE: PILANIINVS

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^[1]
The Co holds investments in Equity Shares of various companies like Grasim (3.89% stake), Aditya Birla Real Estate Limited (33.29%), Ultratech (1.50%), Hindalco (1.33%), Aditya Birla Capital Ltd (1.29%), ABLBL (3.67%), ABFRL (3.67%) and VIL (0.17%). The market value of stakes in these companies was around Rs 23,374 crore as on Sept 30, 2025. Investment activities of the company are carried out within India.^[2]

Website BSE NSE

Market Cap ₹ 4,971 Cr.
Current Price ₹ 4,489
High / Low ₹ 5,980 / 4,092
Stock P/E 69.2
Book Value ₹ 14,557
Dividend Yield 0.33 %
ROCE 1.54 %
ROE 0.48 %
Face Value ₹ 10.0

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Pros

Stock is trading at 0.31 times its book value

Cons

Company has low interest coverage ratio.
The company has delivered a poor sales growth of 6.62% over past five years.
Company has a low return on equity of 0.99% over last 3 years.
Dividend payout has been low at 14.3% of profits 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

Financial Services Financial Services Finance Holding Company

Part of BSE Financial Services BSE 1000

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	53.71	54.65	124.44	61.51	62.61	61.63	140.74	60.86	55.04	49.55	136.39	58.79	43.37
	2.62	1.91	2.36	4.76	1.06	1.69	1.92	4.49	4.76	3.54	21.21	3.70	3.04
Operating Profit	51.09	52.74	122.08	56.75	61.55	59.94	138.82	56.37	50.28	46.01	115.18	55.09	40.33
OPM %	95.12%	96.51%	98.10%	92.26%	98.31%	97.26%	98.64%	92.62%	91.35%	92.86%	84.45%	93.71%	92.99%
	0.79	0.00	0.00	0.00	0.00	0.00	1.61	0.72	2.60	0.00	0.00	0.27	5.12
Interest	15.69	16.32	17.46	18.77	21.76	19.95	19.50	19.96	29.00	39.93	38.87	42.16	43.67
Depreciation	0.07	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.09	0.08	0.08	0.08	0.08
Profit before tax	36.12	36.37	104.57	37.93	39.74	39.94	120.88	37.08	23.79	6.00	76.23	13.12	1.70
Tax %	26.11%	25.21%	21.33%	26.63%	25.06%	25.29%	21.48%	27.83%	24.88%	28.00%	25.23%	25.91%	52.35%
	26.69	27.19	82.27	27.83	29.78	29.85	94.92	26.76	17.87	4.32	57.01	9.71	0.81
EPS in Rs	24.11	24.56	74.30	25.13	26.90	26.96	85.73	24.17	16.14	3.90	51.49	8.77	0.73
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	51	47	53	48	49	153	209	260	292	303	321	288
	6	6	4	4	3	11	7	7	7	10	13	31
Operating Profit	44	40	49	44	45	142	202	253	286	293	308	257
OPM %	87%	87%	93%	92%	93%	93%	97%	97%	98%	97%	96%	89%
	0	0	0	0	0	0	1	0	1	0	2	5
Interest	0	0	0	0	19	43	52	59	65	74	88	165
Depreciation	0	0	1	1	0	0	0	0	0	0	0	0
Profit before tax	44	40	49	44	26	99	150	194	221	219	222	97
Tax %	4%	3%	5%	6%	-29%	18%	22%	23%	23%	24%	24%	26%
	42	39	46	41	33	81	117	149	170	167	169	72
EPS in Rs	38.22	35.05	41.40	37.03	30.08	73.05	106.03	134.80	153.34	150.89	153.00	64.90
Dividend Payout %	47%	51%	43%	48%	59%	24%	14%	11%	10%	10%	10%	23%

Compounded Sales Growth
10 Years:	20%
5 Years:	7%
3 Years:	0%
TTM:	-10%

Compounded Profit Growth
10 Years:	6%
5 Years:	-9%
3 Years:	-25%
TTM:	-58%

Stock Price CAGR
10 Years:	17%
5 Years:	22%
3 Years:	35%
1 Year:	-5%

Return on Equity
10 Years:	1%
5 Years:	1%
3 Years:	1%
Last Year:	0%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Sep 2025
Equity Capital	8	8	8	8	8	8	11	11	11	11	11	11
Reserves	855	870	916	5,179	4,408	4,352	9,067	10,234	10,253	13,648	15,067	16,107
	0	0	0	0	245	420	810	1,066	736	949	1,937	2,228
	27	29	3	7	16	107	382	534	503	885	1,390	1,550
Total Liabilities	890	907	927	5,194	4,677	4,887	10,270	11,846	11,503	15,493	18,405	19,896
	0	0	0	2	2	2	2	1	1	1	1	1
CWIP	0	0	0	0	0	0	0	0	0	0	0	0
Investments	808	886	915	5,184	4,665	3,430	8,224	9,515	9,366	13,064	16,481	17,599
	81	20	11	8	9	1,455	2,044	2,329	2,136	2,427	1,923	2,296
Total Assets	890	907	927	5,194	4,677	4,887	10,270	11,846	11,503	15,493	18,405	19,896

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	26	26	16	40	36	-1,360	-431	-97	431	-88	649
	-5	-6	8	-16	-238	1,256	110	-80	-22	-71	-1,648
	-23	-24	-24	-24	202	108	318	181	-412	196	972
Net Cash Flow	-2	-4	-0	-0	0	3	-3	4	-3	37	-27
Free Cash Flow	26	26	16	40	36	-1,361	-431	-97	431	-88	649
CFO/OP	65%	67%	38%	91%	101%	-903%	-187%	-19%	169%	-12%	227%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	4	3	2	2	4	2	1	0	1	0	0
Inventory Days
Days Payable
Cash Conversion Cycle	4	3	2	2	4	2	1	0	1	0	0
Working Capital Days	271	-214	-15	8	-109	-162	-7	-7	-7	-6	-17
ROCE %	5%	5%	5%	1%	1%	3%	3%	2%	3%	2%	2%

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

Number of Permanent Employees
Count

x	x	x	x	x	x	x	x	x	x	xx
xx,xxx.xx	xxx,xxx.xx	xxx,xxx.xx	xxx,xxx.xx	xxx,xxx.xx	xxx,xxx.xx	xxx,xxx.xx	x,xxx,xxx.xx	x,xxx,xxx.xx	x,xxx,xxx.xx	x,xxx,xxx.xx
x,xxx.xx	xxx.xx	xxx.xx	xxx.xx	xxx.xx	xxx,xxx.xx	xxx,xxx.xx	xxx,xxx.xx	xxx,xxx.xx	xxx,xxx.xx	xxx,xxx.xx
				x.xx		x.xx	x.xx	x.xx	x.xx	x.xx
						x,xxx	xx,xxx	xx,xxx	xx,xxx

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Total Investments (Carrying/Fair Value)
₹ Lakhs

Total Loan Book
₹ Lakhs

Adjusted Interest Coverage Ratio
Times

Market Value of Investments in Listed Companies
₹ Crore

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	57.55%	57.55%	57.55%	57.55%	57.55%	57.55%	57.55%	57.55%	57.95%	58.12%	58.24%	58.68%
	0.53%	0.53%	0.50%	0.47%	0.45%	0.56%	0.35%	0.38%	0.49%	0.43%	0.42%	0.43%
	0.25%	0.26%	0.25%	0.25%	0.25%	0.39%	0.39%	0.40%	0.48%	0.48%	1.36%	1.38%
	41.67%	41.65%	41.70%	41.74%	41.75%	41.51%	41.71%	41.68%	41.08%	40.98%	39.97%	39.52%
No. of Shareholders	12,167	13,626	13,116	13,415	13,897	14,797	19,332	19,447	19,273	18,819	18,709	17,854

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	57.55%	57.55%	57.55%	57.55%	57.55%	57.55%	57.55%	57.55%	57.55%	57.55%	58.68%
	0.00%	0.00%	0.16%	0.12%	0.29%	0.36%	0.38%	0.53%	0.47%	0.38%	0.43%
	0.25%	0.25%	1.36%	1.39%	2.28%	1.23%	0.25%	0.25%	0.25%	0.40%	1.38%
	42.20%	42.20%	40.93%	40.94%	39.88%	40.87%	41.82%	41.67%	41.74%	41.68%	39.52%
No. of Shareholders	5,512	6,288	6,074	6,063	6,181	8,721	13,709	12,588	13,415	19,447	17,854

* 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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Pilani Investment & Industries Corporation Ltd

Pilani Investment & Industries Corporation Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Insights

Shareholding Pattern

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