Pioneer Investcorp Ltd
Incorporated in 1984, Pioneer Investcorp Ltd
is in the business of providing Financial Services
- Market Cap ₹ 117 Cr.
- Current Price ₹ 99.4
- High / Low ₹ 136 / 55.0
- Stock P/E 10.8
- 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 0.85 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 43.5% of their holding.
- Earnings include an other income of Rs.6.68 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.
Peer comparison
Financial Services Financial Services Finance Other Financial Services
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 31 | 22 | 54 | 34 | 32 | 35 | 26 | 27 | 24 | 26 | 36 | 34 | |
| 13 | 14 | 20 | 27 | 23 | 20 | 15 | 15 | 15 | 15 | 18 | 18 | |
| Operating Profit | 18 | 8 | 33 | 7 | 8 | 15 | 11 | 13 | 9 | 12 | 18 | 16 |
| OPM % | 57% | 38% | 62% | 21% | 26% | 42% | 43% | 46% | 38% | 44% | 50% | 46% |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7 | |
| Interest | 6 | 5 | 11 | 6 | 7 | 10 | 7 | 8 | 6 | 8 | 12 | 9 |
| Depreciation | 1 | 1 | 1 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Profit before tax | 11 | 2 | 22 | 1 | 0 | 3 | 3 | 4 | 2 | 3 | 6 | 13 |
| Tax % | 26% | 16% | 40% | -11% | -59% | 36% | 75% | 13% | 46% | 21% | 43% | 19% |
| 8 | 2 | 13 | 2 | 0 | 2 | 1 | 4 | 1 | 2 | 3 | 11 | |
| 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 |
| Dividend Payout % | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 4% |
| 5 Years: | 6% |
| 3 Years: | 13% |
| TTM: | -5% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 18% |
| 5 Years: | 77% |
| 3 Years: | 110% |
| TTM: | 242% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 19% |
| 5 Years: | 23% |
| 3 Years: | 47% |
| 1 Year: | 61% |
| 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 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 |
| Reserves | 88 | 90 | 103 | 105 | 108 | 110 | 111 | 116 | 118 | 117 | 120 | 131 |
| 42 | 18 | 49 | 30 | 74 | 41 | 102 | 51 | 74 | 67 | 101 | 53 | |
| 7 | 4 | 13 | 4 | 5 | 5 | 4 | 9 | 12 | 7 | 12 | 9 | |
| Total Liabilities | 151 | 125 | 178 | 152 | 199 | 169 | 231 | 189 | 217 | 204 | 246 | 207 |
| 3 | 2 | 3 | 3 | 4 | 5 | 4 | 4 | 3 | 3 | 3 | 4 | |
| CWIP | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 |
| Investments | 46 | 45 | 56 | 58 | 61 | 58 | 58 | 60 | 60 | 56 | 58 | 58 |
| 101 | 78 | 119 | 91 | 134 | 106 | 169 | 125 | 153 | 146 | 186 | 144 | |
| Total Assets | 151 | 125 | 178 | 152 | 199 | 169 | 231 | 189 | 217 | 204 | 246 | 207 |
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 | 22 | -7 | 25 | -25 | 27 | -56 | 58 | -17 | 16 | 3 | 79 | |
| 0 | 2 | -12 | 4 | -2 | 6 | 1 | 0 | 0 | 6 | -25 | -22 | |
| 2 | -30 | 20 | -24 | 34 | -43 | 54 | -59 | 17 | -22 | 22 | -57 | |
| Net Cash Flow | 6 | -5 | 1 | 4 | 7 | -10 | -2 | -0 | -0 | 0 | 0 | 0 |
| Free Cash Flow | 3 | 22 | -8 | 24 | -27 | 25 | -56 | 57 | -17 | 16 | 3 | 77 |
| 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 | 549 | 836 | 373 | 507 | 751 | 936 | 1,108 | 896 | 1,563 | 1,336 | 621 | 604 |
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 549 | 836 | 373 | 507 | 751 | 936 | 1,108 | 896 | 1,563 | 1,336 | 621 | 604 |
| Working Capital Days | 563 | 897 | 378 | 544 | 676 | 838 | 2,285 | 1,529 | 1,782 | 1,616 | 1,220 | 673 |
| ROCE % | 13% | 6% | 23% | 4% | 4% | 8% | 5% | 6% | 4% | 5% | 8% | 10% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets (Consolidated) Rs. crore |
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| Number of Permanent Employees Number |
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| Investment Banking & Advisory Fees Rs. crore |
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| Overall Transaction Volume (G-Sec, SDL and Corporate Bonds) Rs. crore |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
1 Jun - Intimation under Regulation 47(3) of SEBI (LODR) Regulations 2015
- Financial Results As On 31St March 2026 30 May
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Board Meeting Outcome for Approval Of Standalone & Consolidated Financial Results And Statement As On 31St March 2026
30 May - Board approved audited standalone and consolidated FY26/Q4 results on 29 May 2026; auditors gave unmodified opinion.
-
Board Meeting Intimation About Adjournment Of Board Meeting
29 May - Board meeting for FY26 audited results adjourned to 30 May 2026; trading window remains closed.
-
Compliances-Reg.24(A)-Annual Secretarial Compliance
29 May - FY2026 secretarial compliance report filed; no non-compliances or regulatory actions observed.
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Business Overview:[1]
Company is a SEBI registered Category–I Merchant Banker and an integrated mid-market focused financial services company. It provides Investment Banking and Financial Advisory Services which includes formulating capital structure, raising capital, debt restructuring, project financing, coal consultancy and other corporate advisory services. Apart from this, company also deals in Secondary capital market like open offer in Takeovers, Right issue, Buyback, Mergers and Amalgamation, and valuation assignments, Government securities (G-Sec & SDL) and corporate bonds