Pilani Investment & Industries Corporation Ltd
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]
- Market Cap ₹ 4,899 Cr.
- Current Price ₹ 4,424
- High / Low ₹ 5,980 / 4,092
- Stock P/E 158
- Book Value ₹ 14,334
- Dividend Yield 0.20 %
- ROCE 1.41 %
- ROE 0.20 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.31 times its book value
- Company has been maintaining a healthy dividend payout of 26.8%
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 7.32% over past five years.
- Company has a low return on equity of 0.67% 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
Financial Services Financial Services Finance Holding Company
Part of BSE Financial Services BSE 1000
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 32 | 28 | 35 | 30 | 25 | 126 | 199 | 258 | 279 | 286 | 305 | 283 | |
| 6 | 6 | 4 | 4 | 3 | 11 | 7 | 7 | 7 | 10 | 14 | 32 | |
| Operating Profit | 26 | 22 | 31 | 26 | 22 | 115 | 191 | 250 | 272 | 276 | 291 | 250 |
| OPM % | 80% | 78% | 90% | 87% | 87% | 91% | 96% | 97% | 98% | 96% | 95% | 89% |
| 0 | 0 | 0 | -2 | 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 | 26 | 22 | 30 | 23 | 3 | 72 | 140 | 191 | 208 | 202 | 204 | 91 |
| Tax % | 7% | 6% | 9% | 12% | -294% | 25% | 24% | 24% | 25% | 26% | 26% | 28% |
| -35 | 10 | 43 | 20 | 2,017 | 175 | 97 | 201 | 246 | 166 | 98 | 31 | |
| EPS in Rs | -31.52 | 8.79 | 38.50 | 120.69 | 1,817.32 | 157.61 | 87.30 | 181.91 | 222.11 | 150.34 | 88.94 | 28.05 |
| Dividend Payout % | -57% | 203% | 46% | 15% | 1% | 11% | 17% | 8% | 7% | 10% | 17% | 53% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 26% |
| 5 Years: | 7% |
| 3 Years: | 0% |
| TTM: | -7% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 12% |
| 5 Years: | -20% |
| 3 Years: | -50% |
| TTM: | -68% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 17% |
| 5 Years: | 18% |
| 3 Years: | 32% |
| 1 Year: | -13% |
| Return on Equity | |
|---|---|
| 10 Years: | 4% |
| 5 Years: | 1% |
| 3 Years: | 1% |
| Last Year: | 0% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 1,190 | 1,172 | 1,211 | 5,875 | 5,100 | 5,103 | 9,838 | 11,091 | 11,158 | 14,596 | 15,969 | 15,860 |
| 2 | 2 | 2 | 0 | 245 | 420 | 810 | 1,066 | 736 | 949 | 1,937 | 2,391 | |
| 27 | 29 | 3 | 14 | 22 | 115 | 391 | 542 | 511 | 893 | 1,400 | 1,318 | |
| Total Liabilities | 1,226 | 1,211 | 1,224 | 5,897 | 5,375 | 5,646 | 11,050 | 12,711 | 12,416 | 16,449 | 19,317 | 19,581 |
| 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 |
| Investments | 1,146 | 1,191 | 1,212 | 5,886 | 5,363 | 4,186 | 9,001 | 10,376 | 10,274 | 14,015 | 17,386 | 18,939 |
| 78 | 17 | 9 | 6 | 7 | 1,455 | 2,045 | 2,331 | 2,138 | 2,430 | 1,927 | 638 | |
| Total Assets | 1,226 | 1,211 | 1,224 | 5,897 | 5,375 | 5,646 | 11,050 | 12,711 | 12,416 | 16,449 | 19,317 | 19,581 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 19 | 17 | -1,388 | -442 | -100 | 417 | -87 | 650 | 1,347 | |
| -5 | -6 | 8 | 3 | -214 | 1,283 | 121 | -76 | -8 | -72 | -1,648 | -1,798 | |
| -23 | -24 | -24 | -21 | 198 | 108 | 318 | 181 | -412 | 196 | 972 | 438 | |
| Net Cash Flow | -2 | -3 | -0 | -0 | 0 | 4 | -3 | 4 | -3 | 37 | -27 | -13 |
| Free Cash Flow | 26 | 26 | 16 | 19 | 17 | -1,388 | -442 | -100 | 417 | -87 | 649 | 1,347 |
| CFO/OP | 112% | 123% | 60% | 73% | 121% | -1,139% | -204% | -21% | 172% | -12% | 241% | 548% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 6 | 6 | 3 | 3 | 8 | 2 | 1 | 0 | 1 | 0 | 1 | 0 |
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 6 | 6 | 3 | 3 | 8 | 2 | 1 | 0 | 1 | 0 | 1 | 0 |
| Working Capital Days | 424 | -351 | -20 | -48 | -294 | 36 | -18 | -15 | -15 | -13 | -25 | -5 |
| ROCE % | 2% | 2% | 3% | 1% | 0% | 2% | 2% | 2% | 2% | 2% | 2% | 1% |
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 ・Standalone data |
|
||||||||||
| Total Investments (Carrying/Fair Value) ₹ Lakhs |
|||||||||||
| Total Loan Book ₹ Lakhs ・Standalone data |
|||||||||||
| Adjusted Interest Coverage Ratio Times |
|||||||||||
| Market Value of Investments in Listed Companies ₹ Crore |
|||||||||||
Extracted by Screener AI
Documents
Announcements
-
Letter Sent To Shareholders Providing Web-Link Of Annual Report For FY 2025-26
12h - 79th AGM scheduled for 13 July 2026; annual report 2025-26 link shared with unregistered email holders.
-
Business Responsibility and Sustainability Reporting (BRSR)
12h - Filed FY2025-26 Business Responsibility and Sustainability Report for the 79th Annual Report.
- Notice Of The 79Th Annual General Meeting Of The Company 12h
-
Reg. 34 (1) Annual Report.
12h - 79th AGM on 13 July 2026; seeks approval for large ICDs/loans up to ₹2,200 crore.
- Announcement under Regulation 30 (LODR)-Newspaper Publication 2d
Annual reports
-
Financial Year 2026
from bse
-
Financial Year 2025
from bse
-
Financial Year 2024
from bse
-
Financial Year 2023
from bse
-
Financial Year 2022
from bse
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2019
from bse
-
Financial Year 2018
from bse
-
Financial Year 2017
from bse
-
Financial Year 2016
from bse
-
Financial Year 2015
from bse
-
Financial Year 2014
from bse
-
Financial Year 2013
from bse
-
Financial Year 2012
from bse
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]