Piramal Finance Ltd
₹ 1,763
-1.68%
02 Apr
- close price
About
Piramal Finance Corporation's main business
is of providing loans to Retail customers for construction or purchase of residential property, loans against property, etc.
Key Points
- Market Cap ₹ 39,968 Cr.
- Current Price ₹ 1,763
- High / Low ₹ 1,955 / 1,235
- Stock P/E 36.4
- Book Value ₹ 1,209
- Dividend Yield 0.00 %
- ROCE 6.64 %
- ROE -0.07 %
- Face Value ₹ 2.00
Pros
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -2.45% over past five years.
- Company has a low return on equity of 1.84% 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.
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Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 4,966 | 5,979 | 7,295 | 10,821 | 10,850 | 12,884 | 9,322 | 5,082 | 6,039 | 6,592 | 6,689 | 8,234 | 10,791 | |
| 437 | 553 | 683 | 778 | 1,413 | 4,572 | 21,785 | 690 | 1,863 | 5,651 | 6,469 | 3,750 | 3,948 | |
| Operating Profit | 4,528 | 5,426 | 6,613 | 10,043 | 9,437 | 8,312 | -12,463 | 4,391 | 4,175 | 940 | 221 | 4,484 | 6,844 |
| OPM % | 91% | 91% | 91% | 93% | 87% | 65% | -134% | 86% | 69% | 14% | 3% | 54% | 63% |
| 0 | 2 | 4 | 5 | 14 | -33 | 19 | 6 | -77 | -10,198 | 23 | 180 | 179 | |
| Interest | 3,783 | 4,460 | 5,490 | 6,654 | 7,722 | 9,393 | 5,725 | 2,828 | 3,332 | 3,453 | 3,637 | 4,419 | 5,834 |
| Depreciation | 11 | 26 | 24 | 23 | 28 | 51 | 79 | 29 | 52 | 95 | 155 | 193 | 304 |
| Profit before tax | 735 | 943 | 1,102 | 3,372 | 1,701 | -1,165 | -18,248 | 1,540 | 714 | -12,806 | -3,549 | 52 | 886 |
| Tax % | 28% | 34% | 34% | 14% | 27% | -11% | -25% | 33% | 26% | -42% | -46% | 0% | |
| 529 | 621 | 729 | 2,896 | 1,240 | -1,036 | -13,612 | 1,034 | 526 | -7,425 | -1,911 | 52 | 1,018 | |
| EPS in Rs | 20.60 | 21.32 | 24.99 | 92.50 | 39.53 | -33.01 | -433.76 | 32.96 | 0.25 | -3.48 | -0.82 | 0.02 | 29.84 |
| Dividend Payout % | 19% | 14% | 32% | 4% | 14% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 3% |
| 5 Years: | -2% |
| 3 Years: | 11% |
| TTM: | 27% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 15% |
| 3 Years: | % |
| TTM: | 244% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 25% |
| 5 Years: | 156% |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | -8% |
| 5 Years: | 3% |
| 3 Years: | 2% |
| Last Year: | 0% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 128 | 146 | 292 | 313 | 314 | 314 | 314 | 19,284 | 21,365 | 21,365 | 23,365 | 24,965 | 45 |
| Reserves | 3,447 | 4,490 | 4,725 | 7,683 | 8,919 | 7,788 | -5,852 | 2,203 | 895 | -6,465 | -8,360 | -8,245 | 27,366 |
| 39,457 | 48,881 | 61,050 | 81,264 | 91,712 | 96,521 | 90,412 | 29,867 | 46,416 | 40,611 | 45,064 | 56,033 | 70,607 | |
| 830 | 1,098 | 1,787 | 3,038 | 5,367 | 1,852 | 964 | 1,303 | 11,027 | 6,237 | 5,311 | 4,209 | 2,239 | |
| Total Liabilities | 43,863 | 54,615 | 67,853 | 92,298 | 106,312 | 106,475 | 85,838 | 52,657 | 79,702 | 61,748 | 65,380 | 76,961 | 100,258 |
| 192 | 188 | 202 | 209 | 850 | 865 | 920 | 10,358 | 10,820 | 683 | 873 | 769 | 1,414 | |
| CWIP | 796 | 796 | 579 | 634 | 129 | 104 | 105 | 8 | 12 | 0 | 10 | 1 | 0 |
| Investments | 721 | 1,006 | 893 | 13,535 | 8,086 | 2,361 | 3,881 | 11,352 | 13,914 | 13,175 | 8,647 | 8,085 | 12,525 |
| 42,153 | 52,624 | 66,179 | 77,920 | 97,247 | 103,145 | 80,932 | 30,940 | 54,956 | 47,890 | 55,849 | 68,107 | 86,318 | |
| Total Assets | 43,863 | 54,615 | 67,853 | 92,298 | 106,312 | 106,475 | 85,838 | 52,657 | 79,702 | 61,748 | 65,380 | 76,961 | 100,258 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -8,879 | -12,457 | -13,139 | -15,746 | -18,136 | -8,735 | 12,576 | 1,420 | 8,685 | 6,567 | -6,342 | -9,675 | |
| -715 | -506 | 505 | -10,442 | 6,091 | 6,135 | 575 | -2,260 | 764 | -24 | -68 | -862 | |
| 10,065 | 12,468 | 15,416 | 26,042 | 11,173 | 1,937 | -7,563 | 534 | -8,390 | -9,246 | 6,428 | 12,403 | |
| Net Cash Flow | 471 | -495 | 2,781 | -146 | -872 | -663 | 5,589 | -306 | 1,060 | -2,703 | 18 | 1,866 |
| Free Cash Flow | -9,442 | -12,483 | -12,961 | -15,838 | -18,319 | -8,820 | 12,556 | 1,402 | 8,639 | 6,537 | -6,569 | -9,542 |
| CFO/OP | -192% | -225% | -193% | -148% | -188% | -100% | -101% | 40% | 218% | 655% | -2,873% | -216% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 6 | 12 | 10 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 6 | 12 | 10 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Working Capital Days | -392 | -601 | -659 | -366 | -421 | -62 | 39 | 115 | -495 | -52 | -182 | -100 |
| ROCE % | 12% | 11% | 11% | 10% | 10% | 8% | -13% | 6% | 7% | 1% | 0% | 7% |
Insights
In beta| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| Legacy AUM ₹ Crore |
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| Total Assets Under Management (AUM) ₹ Crore |
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| Number of Retail Branches Number |
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| Retail AUM ₹ Crore |
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| Retail Gross NPA (90+ DPD) % |
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| Retail as % of Consolidated AUM % |
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Documents
Announcements
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Update On Sale Of Stake In Shriram Life Insurance Company Limited - Receipt Of Consideration Of Rs. 600 Crore On 30Th March 2026 And Completion Of Transaction
30 Mar - Piramal Finance completed sale of entire Shriram Life stake to Sanlam for Rs 600 crore on 30-Mar-2026.
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Announcement under Regulation 30 (LODR)-Resignation of Director
28 Mar - Gautam Doshi resigned as Independent Director of Piramal Finance with immediate effect on March 27, 2026.
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Intimation Of Meeting(S) Of Committee Of Directors (Administration Authorisation And Finance) To Be Held During The Period 1St April 2026 To 31St March 2027 For Consideration Of Fund Raising Through Issuance Of Ncds On Private Placement Basis
27 Mar - Committee to consider issuing NCDs (private placement) from 1 April 2026 to 31 March 2027.
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Announcement under Regulation 30 (LODR)-Meeting Updates
27 Mar - Board approved amalgamation of three subsidiaries; authorised NCDs up to Rs15,000 crore (Apr2026–Mar2027); director resigned.
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Announcement under Regulation 30 (LODR)-Scheme of Arrangement
27 Mar - Board approved amalgamation of three subsidiaries; private placement NCDs up to Rs15,000 crore; director resigned (27 Mar 2026).
Annual reports
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Financial Year 2020
from bse
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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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Financial Year 2010
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Concalls
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History[1]
Company was founded by Mr Ajay Piramal, as an Upper Layer NBFC. They had housing finance company license earlier. On 4th April 2025, Company received certificate of registration to commence the business of NBFC-ICC without accepting public deposits. In financial services, the company focuses on providing retail loan products such as home loans, loans against property, used car loans, personal loans and small business loans. It also provides wholesale loans with focus on both real estate and non-real estate sectors.