Pilani Investment & Industries Corporation Ltd

₹ 4,675 2.52%

18 Feb 4:01 p.m.

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 ₹ 5,202 Cr.
Current Price ₹ 4,675
High / Low ₹ 5,980 / 3,280
Stock P/E 4,299
Book Value ₹ 15,347
Dividend Yield 0.32 %
ROCE 1.75 %
ROE 0.64 %
Face Value ₹ 10.0

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Pros

Stock is trading at 0.30 times its book value

Cons

Company has low interest coverage ratio.
Company has a low return on equity of 1.30% 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.

Peer comparison

Financial Services Financial Services Finance Holding Company

Part of BSE Allcap BSE Financial Services

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Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
	52	54	55	107	62	63	62	123	61	57	50	129	60
	1	3	2	2	5	1	2	2	5	6	4	21	4
Operating Profit	51	51	53	104	57	62	60	121	56	51	46	108	55
OPM %	97%	95%	96%	98%	92%	98%	97%	98%	93%	90%	93%	84%	93%
	0	1	0	0	0	0	0	2	1	3	0	0	0
Interest	13	16	16	17	19	22	20	20	20	29	40	39	42
Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0
Profit before tax	38	37	36	87	38	40	40	103	37	24	6	69	13
Tax %	13%	26%	25%	26%	27%	25%	25%	25%	28%	25%	28%	28%	26%
	36	75	25	54	56	31	33	78	13	-25	-4	45	-14
EPS in Rs	32.56	67.81	22.85	48.95	50.14	28.40	29.36	70.18	12.08	-22.66	-3.63	40.38	-13.00
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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	TTM
	45	32	28	35	30	25	126	199	258	279	286	305	295
	3	6	6	4	4	3	11	7	7	7	10	14	35
Operating Profit	43	26	22	31	26	22	115	191	250	272	276	291	260
OPM %	94%	80%	78%	90%	87%	87%	91%	96%	97%	98%	96%	95%	88%
	3	0	0	0	-2	0	0	1	0	1	0	2	3
Interest	0	0	0	0	0	19	43	52	59	65	74	88	150
Depreciation	0	0	0	1	1	0	0	0	0	0	0	0	0
Profit before tax	45	26	22	30	23	3	72	140	191	208	202	204	113
Tax %	8%	7%	6%	9%	12%	-294%	25%	24%	24%	25%	26%	26%
	-61	-35	10	43	20	2,017	175	97	201	246	166	98	1
EPS in Rs	-55.12	-31.52	8.79	38.50	120.69	1,817.32	157.61	87.30	181.91	222.11	150.34	88.94	1.09
Dividend Payout %	-32%	-57%	203%	46%	15%	1%	11%	17%	8%	7%	10%	17%

Compounded Sales Growth
10 Years:	25%
5 Years:	19%
3 Years:	6%
TTM:	-4%

Compounded Profit Growth
10 Years:	17%
5 Years:	-11%
3 Years:	-21%
TTM:	-99%

Stock Price CAGR
10 Years:	19%
5 Years:	20%
3 Years:	37%
1 Year:	18%

Return on Equity
10 Years:	4%
5 Years:	1%
3 Years:	1%
Last Year:	1%

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	Sep 2025
Equity Capital	8	8	8	8	8	8	8	11	11	11	11	11	11
Reserves	1,252	1,190	1,172	1,211	5,875	5,100	5,103	9,838	11,091	11,158	14,596	15,969	16,981
	2	2	2	2	0	245	420	810	1,066	736	949	1,937	2,228
	26	27	29	3	14	22	115	391	542	511	893	1,400	1,559
Total Liabilities	1,288	1,226	1,211	1,224	5,897	5,375	5,646	11,050	12,711	12,416	16,449	19,317	20,780
	3	3	3	3	5	5	5	4	4	4	4	4	4
CWIP	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments	1,213	1,146	1,191	1,212	5,886	5,363	4,186	9,001	10,376	10,274	14,015	17,386	18,476
	72	78	17	9	6	7	1,455	2,045	2,331	2,138	2,430	1,927	2,300
Total Assets	1,288	1,226	1,211	1,224	5,897	5,375	5,646	11,050	12,711	12,416	16,449	19,317	20,780

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
	28	26	26	16	19	17	-1,388	-442	-100	417	-87	650
	1	-5	-6	8	3	-214	1,283	121	-76	-8	-72	-1,648
	-23	-23	-24	-24	-21	198	108	318	181	-412	196	972
Net Cash Flow	6	-2	-3	-0	-0	0	4	-3	4	-3	37	-27

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
Debtor Days	3	6	6	3	3	8	2	1	0	1	0	1
Inventory Days
Days Payable
Cash Conversion Cycle	3	6	6	3	3	8	2	1	0	1	0	1
Working Capital Days	279	424	-351	-20	-48	-294	36	-18	-15	-15	-13	-25
ROCE %	3%	2%	2%	3%	1%	0%	2%	2%	2%	2%	2%	2%

Shareholding Pattern

Numbers in percentages

2 Recently

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
	57.55%	57.55%	57.55%	57.55%	57.55%	57.55%	57.55%	57.55%	57.55%	57.95%	58.12%	58.24%
	0.53%	0.53%	0.53%	0.50%	0.47%	0.45%	0.56%	0.35%	0.38%	0.49%	0.43%	0.42%
	0.25%	0.25%	0.26%	0.25%	0.25%	0.25%	0.39%	0.39%	0.40%	0.48%	0.48%	1.36%
	41.67%	41.67%	41.65%	41.70%	41.74%	41.75%	41.51%	41.71%	41.68%	41.08%	40.98%	39.97%
No. of Shareholders	12,588	12,167	13,626	13,116	13,415	13,897	14,797	19,332	19,447	19,273	18,819	18,709

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Dec 2025
	57.55%	57.55%	57.55%	57.55%	57.55%	57.55%	57.55%	57.55%	57.55%	57.55%	58.24%
	0.00%	0.00%	0.16%	0.12%	0.29%	0.36%	0.38%	0.53%	0.47%	0.38%	0.42%
	0.25%	0.25%	1.36%	1.39%	2.28%	1.23%	0.25%	0.25%	0.25%	0.40%	1.36%
	42.20%	42.20%	40.93%	40.94%	39.88%	40.87%	41.82%	41.67%	41.74%	41.68%	39.97%
No. of Shareholders	5,512	6,288	6,074	6,063	6,181	8,721	13,709	12,588	13,415	19,447	18,709

* 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

Shareholding Pattern

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