Pilani Investment & Industries Corporation Ltd

₹ 1,804 -1.22%
03 Oct - 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
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]

Website BSE NSE
  • Market Cap ₹ 2,003 Cr.
  • Current Price ₹ 1,804
  • High / Low ₹ 2,250 / 1,509
  • Stock P/E 9.46
  • Book Value ₹ 10,027
  • Dividend Yield 0.83 %
  • ROCE 2.19 %
  • ROE 1.92 %
  • Face Value ₹ 10.0
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Pros

  • Stock is trading at 0.18 times its book value

Cons

  • Company has a low return on equity of 2.05% over last 3 years.
  • Dividend payout has been low at 12.2% 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

Sector: Finance Industry: Finance & Investments

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
6 48 33 39 37 62 49 50 55 98 52 53 60
1 1 1 7 2 3 1 2 2 1 1 4 2
Operating Profit 6 47 31 31 36 59 48 48 53 97 51 49 58
OPM % 87% 98% 96% 81% 96% 96% 97% 97% 97% 99% 98% 93% 97%
0 0 0 0 0 0 0 1 0 0 0 0 0
Interest 10 11 11 11 7 13 15 16 16 15 13 14 17
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax -4 35 20 20 28 46 32 33 37 82 37 35 41
Tax % -17% 6% 25% 47% 24% 22% 24% 25% 25% 21% 25% 26% 26%
Net Profit 16 55 27 38 8 31 35 22 35 79 33 54 45
EPS in Rs 14.66 49.76 24.43 34.14 7.43 27.75 31.83 20.20 31.62 71.46 29.69 49.14 41.07
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
28 29 178 45 32 28 35 30 25 126 199 258 262
2 4 2 3 6 6 4 4 3 11 7 7 7
Operating Profit 27 25 175 43 26 22 31 26 22 115 191 250 255
OPM % 94% 87% 99% 94% 80% 78% 90% 87% 87% 91% 96% 97% 97%
1 0 0 3 0 0 0 -2 0 0 1 0 0
Interest 2 0 0 0 0 0 0 0 19 43 52 59 60
Depreciation 0 0 0 0 0 0 1 1 0 0 0 0 0
Profit before tax 26 25 175 45 26 22 30 23 3 72 140 191 195
Tax % 3% 4% 20% 8% 7% 6% 9% 12% -294% 25% 24% 24%
Net Profit 109 32 128 -61 -35 10 43 20 2,017 175 97 201 212
EPS in Rs 98.51 28.93 114.93 -55.12 -31.52 8.79 38.50 120.69 1,817.32 157.61 87.30 181.91 191.36
Dividend Payout % 18% 62% 16% -32% -57% 203% 46% 15% 1% 11% 17% 8%
Compounded Sales Growth
10 Years: 25%
5 Years: 49%
3 Years: 117%
TTM: 21%
Compounded Profit Growth
10 Years: 20%
5 Years: 36%
3 Years: -54%
TTM: 72%
Stock Price CAGR
10 Years: %
5 Years: -2%
3 Years: 10%
1 Year: -5%
Return on Equity
10 Years: 7%
5 Years: 8%
3 Years: 2%
Last Year: 2%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
8 8 8 8 8 8 8 8 8 8 11 11
Reserves 1,231 1,237 1,339 1,252 1,190 1,172 1,211 5,875 5,100 5,103 9,838 11,091
2 2 2 2 2 2 2 0 245 420 810 1,066
24 24 25 26 27 29 3 14 22 115 391 542
Total Liabilities 1,265 1,272 1,374 1,288 1,226 1,211 1,224 5,897 5,375 5,646 11,050 12,711
3 3 3 3 3 3 3 5 5 5 4 4
CWIP 0 0 0 0 0 0 0 0 0 0 0 0
Investments 1,258 1,253 1,263 1,213 1,146 1,191 1,212 5,886 5,363 4,186 9,001 10,376
5 16 108 72 78 17 9 6 7 1,455 2,045 2,331
Total Assets 1,265 1,272 1,374 1,288 1,226 1,211 1,224 5,897 5,375 5,646 11,050 12,711

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
23 23 23 28 26 26 16 19 17 -1,388 -442 -100
0 -0 -0 1 -5 -6 8 3 -214 1,283 121 -76
-23 -23 -23 -23 -23 -24 -24 -21 198 108 318 181
Net Cash Flow 0 0 -0 6 -2 -3 -0 -0 0 4 -3 4

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 2 4 1 3 6 6 3 3 8 2 1 0
Inventory Days
Days Payable
Cash Conversion Cycle 2 4 1 3 6 6 3 3 8 2 1 0
Working Capital Days -275 -176 159 279 424 -351 -20 -48 -294 36 -18 -15
ROCE % 2% 2% 14% 3% 2% 2% 3% 1% 0% 2% 2% 2%

Shareholding Pattern

Numbers in percentages

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 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
0.12 0.15 0.29 0.29 0.31 0.36 0.36 0.36 0.36 0.36 0.38 0.50
2.18 2.24 2.28 1.24 1.24 1.23 1.23 0.25 0.25 0.25 0.25 0.24
40.15 40.06 39.88 40.93 40.91 40.86 40.87 41.84 41.84 41.84 41.82 41.71

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