Pilani Investment & Industries Corporation Ltd

Pilani Investment & Industries Corporation Ltd

₹ 4,362 -2.18%
14 Jul - 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[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]

  • Market Cap 4,845 Cr.
  • Current Price 4,362
  • High / Low 5,980 / 4,092
  • Stock P/E 67.4
  • Book Value 13,581
  • Dividend Yield 0.21 %
  • ROCE 1.52 %
  • ROE 0.48 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.32 times its book value

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 6.64% over past five years.
  • Company has a low return on equity of 0.99% over last 3 years.
  • Dividend payout has been low at 11.2% 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.

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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
Raw PDF

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 32
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% 14%
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: 17%
3 Years: 32%
1 Year: -18%
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 Mar 2026
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 15,026
0 0 0 0 245 420 810 1,066 736 949 1,937 2,391
27 29 3 7 16 107 382 534 503 885 1,390 1,310
Total Liabilities 890 907 927 5,194 4,677 4,887 10,270 11,846 11,503 15,493 18,405 18,739
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 18,104
81 20 11 8 9 1,455 2,044 2,329 2,136 2,427 1,923 633
Total Assets 890 907 927 5,194 4,677 4,887 10,270 11,846 11,503 15,493 18,405 18,739

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 Mar 2026
26 26 16 40 36 -1,360 -431 -97 431 -88 649 1,354
-5 -6 8 -16 -238 1,256 110 -80 -22 -71 -1,648 -1,804
-23 -24 -24 -24 202 108 318 181 -412 196 972 438
Net Cash Flow -2 -4 -0 -0 0 3 -3 4 -3 37 -27 -12
Free Cash Flow 26 26 16 40 36 -1,361 -431 -97 431 -88 649 1,354
CFO/OP 65% 67% 38% 91% 101% -903% -187% -19% 169% -12% 227% 537%

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 Mar 2026
Debtor Days 4 3 2 2 4 2 1 0 1 0 0 0
Inventory Days
Days Payable
Cash Conversion Cycle 4 3 2 2 4 2 1 0 1 0 0 0
Working Capital Days 271 -214 -15 8 -109 -162 -7 -7 -7 -6 -17 -3
ROCE % 5% 5% 5% 1% 1% 3% 3% 2% 3% 2% 2% 2%

Insights

In beta
Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Loan portfolio outstanding (loans and advances given)
INR crore

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Number of permanent employees
count
Number of shareholders (folios)
count
Equity stake in Aditya Birla Real Estate (formerly Century Textiles)
%
Market value of investments in listed group companies
INR crore
Dividend income from group companies
INR crore
Interest income from loans and advances
INR crore

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 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 12,16713,62613,11613,41513,89714,79719,33219,44719,27318,81918,70917,854

* 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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