Pioneer Investcorp Ltd
Incorporated in 1984, Pioneer Investcorp Ltd
is in the business of providing Financial Services
- Market Cap ₹ 103 Cr.
- Current Price ₹ 87.0
- High / Low ₹ 136 / 57.1
- Stock P/E 6.50
- Book Value ₹ 140
- Dividend Yield 0.00 %
- ROCE 11.0 %
- ROE 9.71 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Stock is trading at 0.62 times its book value
- Company has delivered good profit growth of 78.4% 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 8.51% over past five years.
- Company has a low return on equity of 6.07% over last 3 years.
- Promoters have pledged 43.2% of their holding.
- Earnings include an other income of Rs.12.8 Cr.
- Company has high debtors of 928 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
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 34 | 25 | 63 | 40 | 38 | 43 | 31 | 36 | 32 | 41 | 47 | 47 | |
| 17 | 18 | 24 | 31 | 28 | 26 | 19 | 20 | 21 | 24 | 24 | 27 | |
| Operating Profit | 17 | 8 | 39 | 9 | 10 | 17 | 12 | 16 | 11 | 17 | 23 | 20 |
| OPM % | 50% | 31% | 62% | 23% | 27% | 39% | 40% | 44% | 34% | 40% | 49% | 42% |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 3 | 13 | |
| Interest | 9 | 8 | 13 | 7 | 8 | 11 | 8 | 10 | 7 | 11 | 14 | 12 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Profit before tax | 8 | -1 | 25 | 1 | 2 | 5 | 3 | 5 | 4 | 7 | 11 | 19 |
| Tax % | 18% | -35% | 30% | 74% | -4% | 38% | 68% | 25% | 43% | 39% | 26% | 18% |
| 6 | -1 | 18 | 0 | 2 | 3 | 1 | 4 | 2 | 4 | 8 | 16 | |
| EPS in Rs | 5.04 | -0.69 | 14.48 | 0.26 | 1.57 | 2.53 | 0.72 | 3.03 | 1.68 | 3.31 | 6.42 | 12.94 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 6% |
| 5 Years: | 9% |
| 3 Years: | 13% |
| TTM: | 0% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 35% |
| 5 Years: | 78% |
| 3 Years: | 98% |
| TTM: | 102% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 15% |
| 5 Years: | 18% |
| 3 Years: | 44% |
| 1 Year: | 50% |
| Return on Equity | |
|---|---|
| 10 Years: | 4% |
| 5 Years: | 5% |
| 3 Years: | 6% |
| Last Year: | 10% |
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 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 |
| Reserves | 96 | 96 | 113 | 110 | 112 | 117 | 119 | 124 | 126 | 135 | 143 | 159 |
| 66 | 34 | 50 | 46 | 73 | 42 | 103 | 51 | 84 | 108 | 143 | 109 | |
| 18 | 8 | 20 | 10 | 9 | 9 | 8 | 16 | 24 | 149 | 150 | 136 | |
| Total Liabilities | 193 | 151 | 197 | 179 | 207 | 182 | 243 | 205 | 248 | 406 | 449 | 417 |
| 3 | 2 | 3 | 4 | 5 | 6 | 5 | 5 | 4 | 5 | 5 | 8 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 7 | 4 | 15 | 16 | 17 | 16 | 16 | 18 | 18 | 119 | 122 | 127 |
| 183 | 145 | 179 | 158 | 186 | 160 | 222 | 182 | 226 | 282 | 322 | 282 | |
| Total Assets | 193 | 151 | 197 | 179 | 207 | 182 | 243 | 205 | 248 | 406 | 449 | 417 |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 10 | 29 | 10 | 17 | -12 | 32 | -55 | 68 | -30 | -23 | -25 | 68 | |
| 1 | 5 | -11 | -1 | -1 | 6 | 1 | -2 | 1 | 6 | 5 | -25 | |
| -7 | -40 | 3 | -12 | 20 | -43 | 52 | -62 | 26 | 11 | 21 | -46 | |
| Net Cash Flow | 4 | -6 | 1 | 4 | 7 | -5 | -2 | 5 | -2 | -6 | 1 | -3 |
| Free Cash Flow | 10 | 29 | 9 | 15 | -12 | 30 | -55 | 67 | -30 | -24 | -25 | 64 |
| CFO/OP | 63% | 387% | 48% | 189% | -103% | 194% | -438% | 437% | -258% | -132% | -98% | 358% |
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 | 1,131 | 1,350 | 569 | 925 | 1,027 | 1,130 | 1,397 | 1,044 | 1,660 | 1,240 | 1,043 | 928 |
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 1,131 | 1,350 | 569 | 925 | 1,027 | 1,130 | 1,397 | 1,044 | 1,660 | 1,240 | 1,043 | 928 |
| Working Capital Days | 824 | 1,182 | 559 | 801 | 929 | 1,142 | 2,347 | 1,488 | 2,113 | 686 | 838 | 448 |
| ROCE % | 10% | 5% | 24% | 5% | 5% | 8% | 6% | 7% | 5% | 7% | 9% | 11% |
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 |
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| Stock in Trade (Securities Inventory) Rs. lakhs |
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| Total Transaction Volume (G-Sec, SDL & Corporate Bonds) Rs. crore |
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| Average Cash Credit Limit Utilization % |
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Extracted by Screener AI
Documents
Announcements
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Board Meeting Intimation for Consideration Of Un-Audited Standalone Financial Result For The First Quarter Ended 30Th June 2026 And To Decide The Day, Date, Time And Place For Forthcoming 41St AGM.
3h - Board meets 12 Aug 2026 for Q1 results, director reappointment, AGM date, and book closure.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
9 Jul - Certificate of compliance under regulation 74 (5) of SEBI (Depositories and Participants) Regualtions, 2018 for the first quater ended 30th June 2026.
-
Closure of Trading Window
23 Jun - Trading window closes from 1 July 2026 for Q1 FY2027 results ending 30 June 2026.
-
Announcement under Regulation 30 (LODR)-Code of Conduct under SEBI (PIT) Regulations, 2015
19 Jun - Promoter group disclosed purchase of equity shares under SEBI PIT regulations on 19 June 2026.
-
Announcement under Regulation 30 (LODR)-Code of Conduct under SEBI (PIT) Regulations, 2015
18 Jun - Promoter group member Gaurang Gandhi disclosed purchase of Pioneer Investcorp equity shares.
Annual reports
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Financial Year 2025
from bse
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Financial Year 2024
from bse
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Financial Year 2023
from bse
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Financial Year 2022
from bse
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Financial Year 2021
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Financial Year 2020
from bse
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Financial Year 2019
from bse
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Financial Year 2018
from bse
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Financial Year 2017
from bse
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Financial Year 2016
from bse
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Financial Year 2015
from bse
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Financial Year 2014
from bse
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Financial Year 2013
from bse
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Financial Year 2012
from bse
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Financial Year 2011
from bse
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.