Pioneer Investcorp Ltd

AI

Pioneer Investcorp Ltd

₹ 83.9 4.86%
04 Sep - close price
About

Incorporated in 1984, Pioneer Investcorp Ltd
is in the business of providing Financial Services

Key Points

Business Overview:[1][2]
PICL is an integrated mid-market focused financial services company. It is a SEBI registered Category – I
Merchant Banker and provides Investment Banking and Financial Advisory Services. It is engaged in the business of portfolio investments securities and to deal in the Government Securities including Government Bonds, Loans, National Savings Certificates, Post Office Savings Schemes, Units in the Investments, SDL and corporate bonds under its proprietary book, etc.

  • Market Cap 103 Cr.
  • Current Price 83.9
  • High / Low 136 / 59.4
  • Stock P/E 10.9
  • Book Value 117
  • Dividend Yield 0.00 %
  • ROCE 10.2 %
  • ROE 7.79 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Stock is trading at 0.72 times its book value
  • Company has delivered good profit growth of 76.5% CAGR over last 5 years

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of 5.96% over past five years.
  • Company has a low return on equity of 4.09% over last 3 years.
  • Promoters have pledged 43.2% of their holding.
  • Earnings include an other income of Rs.9.04 Cr.
  • Company has high debtors of 604 days.

* 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

Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
6.05 5.39 6.27 8.38 5.59 6.07 7.34 8.18 12.99 10.58 8.73 1.90 4.71
3.67 3.38 3.75 3.96 3.65 4.49 3.99 6.31 7.00 5.41 3.33 3.56 3.40
Operating Profit 2.38 2.01 2.52 4.42 1.94 1.58 3.35 1.87 5.99 5.17 5.40 -1.66 1.31
OPM % 39.34% 37.29% 40.19% 52.74% 34.70% 26.03% 45.64% 22.86% 46.11% 48.87% 61.86% -87.37% 27.81%
0.06 0.06 0.06 0.17 0.51 3.70 0.29 4.24 0.12 0.02 0.01 7.47 1.54
Interest 2.02 1.44 1.85 2.48 1.48 4.04 2.40 3.26 2.82 1.41 1.20 3.09 1.30
Depreciation 0.20 0.19 0.20 0.20 0.17 0.17 0.14 0.31 0.11 0.15 0.20 0.16 0.15
Profit before tax 0.22 0.44 0.53 1.91 0.80 1.07 1.10 2.54 3.18 3.63 4.01 2.56 1.40
Tax % 13.64% 20.45% 26.42% 20.94% 18.75% 23.36% 18.18% 68.90% 25.16% 25.07% 25.19% -4.30% 25.71%
0.19 0.34 0.40 1.51 0.64 0.82 0.91 0.79 2.38 2.73 3.01 2.68 1.04
EPS in Rs 0.15 0.28 0.33 1.23 0.52 0.67 0.74 0.64 1.94 2.22 2.45 2.18 0.85
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 TTM
30.83 22.19 53.51 34.30 31.63 35.00 25.61 27.49 23.59 26.43 35.92 34.20 25.92
13.17 13.72 20.10 26.95 23.32 20.23 14.72 14.73 14.62 14.76 17.86 18.34 15.70
Operating Profit 17.66 8.47 33.41 7.35 8.31 14.77 10.89 12.76 8.97 11.67 18.06 15.86 10.22
OPM % 57.28% 38.17% 62.44% 21.43% 26.27% 42.20% 42.52% 46.42% 38.02% 44.15% 50.28% 46.37% 39.43%
0.01 0.01 0.01 0.01 0.01 0.12 0.06 0.01 0.01 0.02 0.01 6.68 9.04
Interest 5.65 5.34 11.39 5.56 7.15 10.46 7.48 7.70 6.12 7.80 11.77 8.53 7.00
Depreciation 0.67 0.65 0.51 0.43 0.95 1.03 0.92 0.84 0.72 0.79 0.80 0.61 0.66
Profit before tax 11.35 2.49 21.52 1.37 0.22 3.40 2.55 4.23 2.14 3.10 5.50 13.40 11.60
Tax % 25.73% 16.47% 39.73% -10.95% -59.09% 36.18% 75.29% 13.24% 46.26% 21.29% 42.73% 19.48%
8.43 2.07 12.97 1.53 0.34 2.18 0.63 3.67 1.16 2.43 3.16 10.80 9.46
EPS in Rs 6.86 1.68 10.55 1.24 0.28 1.77 0.51 2.98 0.94 1.98 2.57 8.78 7.70
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: 4%
5 Years: 6%
3 Years: 13%
TTM: -25%
Compounded Profit Growth
10 Years: 18%
5 Years: 77%
3 Years: 110%
TTM: 93%
Stock Price CAGR
10 Years: 14%
5 Years: 21%
3 Years: 38%
1 Year: 12%
Return on Equity
10 Years: 3%
5 Years: 3%
3 Years: 4%
Last Year: 8%

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 12.89 12.89 12.89 12.89 12.89 12.89 12.89 12.89 12.89 12.89 12.89 12.89
Reserves 88.00 90.06 103.03 104.56 107.86 110.10 111.31 116.36 117.59 117.21 120.32 131.24
42.44 18.21 49.34 30.40 73.89 41.42 102.48 50.89 73.78 67.30 101.00 52.96
7.44 4.25 12.64 4.43 4.61 4.63 4.23 8.54 12.42 6.99 12.03 9.47
Total Liabilities 150.77 125.41 177.90 152.28 199.25 169.04 230.91 188.68 216.68 204.39 246.24 206.56
2.89 2.32 2.72 3.14 4.46 5.05 3.68 4.05 3.37 2.59 2.97 3.84
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 46.47 44.94 56.44 58.42 60.99 57.90 58.04 59.82 59.94 56.04 57.57 58.39
101.41 78.15 118.74 90.72 133.80 106.09 169.19 124.81 153.37 145.76 185.70 144.33
Total Assets 150.77 125.41 177.90 152.28 199.25 169.04 230.91 188.68 216.68 204.39 246.24 206.56

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
3.19 22.15 -7.07 24.55 -25.49 26.86 -56.39 58.44 -17.03 15.75 3.08 78.53
0.14 2.03 -11.93 3.74 -1.51 6.10 0.61 0.47 0.24 5.99 -25.35 -21.64
2.41 -29.59 19.74 -24.50 34.34 -42.93 53.58 -59.28 16.78 -21.73 22.29 -56.76
Net Cash Flow 5.74 -5.41 0.73 3.79 7.34 -9.97 -2.20 -0.37 -0.01 0.01 0.02 0.14
Free Cash Flow 3.12 22.07 -8.01 23.70 -27.45 25.12 -56.40 57.23 -17.06 15.73 3.06 77.05
CFO/OP 22% 272% -19% 340% -294% 184% -511% 463% -175% 139% 29% 509%

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 548.51 836.10 373.12 507.06 751.12 936.49 1,107.83 896.50 1,563.05 1,335.99 621.37 604.06
Inventory Days
Days Payable
Cash Conversion Cycle 548.51 836.10 373.12 507.06 751.12 936.49 1,107.83 896.50 1,563.05 1,335.99 621.37 604.06
Working Capital Days 562.59 897.28 378.37 544.41 675.65 837.62 2,284.63 1,529.31 1,781.52 1,615.78 1,220.09 672.58
ROCE % 12.53% 5.92% 22.98% 4.43% 4.30% 7.72% 5.12% 5.87% 4.30% 5.43% 8.00% 10.17%

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
Brokerage Income
Rs. lakhs

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Investment Banking & Advisory Fees
Rs. lakhs
Stock in Trade (Securities Inventory)
Rs. lakhs
Total Transaction Volume (G-Sec, SDL & Corporate Bonds)
Rs. crore
Average Cash Credit Limit Utilization
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

2 Recently
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
64.80% 64.80% 64.80% 64.80% 64.80% 64.80% 64.80% 64.80% 65.34% 65.46% 65.46% 65.91%
3.79% 3.79% 3.79% 3.79% 3.79% 3.59% 2.99% 2.99% 2.99% 2.99% 2.99% 2.99%
0.22% 0.22% 0.22% 0.22% 0.22% 0.22% 0.22% 0.22% 0.22% 0.22% 0.22% 0.22%
31.19% 31.18% 31.19% 31.18% 31.19% 31.40% 32.01% 31.99% 31.46% 31.33% 31.34% 30.89%
No. of Shareholders 4,1164,0864,0934,1184,1124,8114,9324,8534,8954,7324,6084,586

* 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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