Piramal Finance Ltd
₹ 1,869
1.16%
13 Jan
11:38 a.m.
About
Dewan Housing Finance Corporation's main business is of providing loans to Retail customers for construction or purchase of residential property, loans against property,
Key Points
- Market Cap ₹ 42,366 Cr.
- Current Price ₹ 1,869
- High / Low ₹ 1,915 / 1,235
- Stock P/E 71.6
- Book Value ₹ 1,209
- Dividend Yield 0.00 %
- ROCE 7.83 %
- ROE 2.73 %
- Face Value ₹ 2.00
Pros
- Company is expected to give good quarter
Cons
- Company has low interest coverage ratio.
- Company has a low return on equity of 5.78% over last 3 years.
- Working capital days have increased from -0.45 days to 62.4 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 Housing Finance Company
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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 | 6,664 | 10,308 | 10,107 | |
| 437 | 553 | 683 | 778 | 1,413 | 4,572 | 21,785 | 690 | 1,863 | 5,651 | 4,811 | 4,516 | 4,174 | |
| Operating Profit | 4,528 | 5,426 | 6,613 | 10,043 | 9,437 | 8,312 | -12,463 | 4,391 | 4,175 | 940 | 1,853 | 5,791 | 5,934 |
| OPM % | 91% | 91% | 91% | 93% | 87% | 65% | -134% | 86% | 69% | 14% | 28% | 56% | 59% |
| 0 | 2 | 4 | 5 | 14 | -33 | 19 | 6 | -77 | -10,198 | -1,609 | 353 | 166 | |
| Interest | 3,783 | 4,460 | 5,490 | 6,654 | 7,722 | 9,393 | 5,725 | 2,828 | 3,332 | 3,453 | 3,637 | 5,188 | 5,356 |
| Depreciation | 11 | 26 | 24 | 23 | 28 | 51 | 79 | 29 | 52 | 95 | 155 | 211 | 296 |
| Profit before tax | 735 | 943 | 1,102 | 3,372 | 1,701 | -1,165 | -18,248 | 1,540 | 714 | -12,806 | -3,549 | 745 | 449 |
| Tax % | 28% | 34% | 34% | 14% | 27% | -11% | -25% | 33% | 26% | -42% | -46% | 23% | |
| 529 | 621 | 729 | 2,896 | 1,240 | -1,036 | -13,612 | 1,034 | 526 | -7,425 | -1,911 | 574 | 510 | |
| 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 | 0.23 | 12.33 |
| Dividend Payout % | 19% | 14% | 32% | 4% | 14% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 6% |
| 5 Years: | 2% |
| 3 Years: | 20% |
| TTM: | 37% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | -1% |
| 5 Years: | 15% |
| 3 Years: | 1% |
| TTM: | 349% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 25% |
| 5 Years: | 135% |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | -6% |
| 5 Years: | 6% |
| 3 Years: | 6% |
| Last Year: | 3% |
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 | 45 | 45 |
| Reserves | 3,447 | 4,490 | 4,725 | 7,683 | 8,919 | 7,788 | -5,852 | 2,203 | 895 | -6,465 | -8,360 | 27,005 | 27,366 |
| 39,457 | 48,881 | 61,050 | 81,264 | 91,712 | 96,521 | 90,412 | 29,867 | 46,416 | 40,611 | 45,064 | 64,484 | 70,607 | |
| 830 | 1,098 | 1,787 | 3,038 | 5,367 | 1,852 | 964 | 1,303 | 11,027 | 6,237 | 5,311 | 2,292 | 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 | 93,826 | 100,258 |
| 192 | 188 | 202 | 209 | 850 | 865 | 920 | 10,365 | 10,833 | 683 | 883 | 1,548 | 1,414 | |
| CWIP | 796 | 796 | 579 | 634 | 129 | 104 | 105 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 721 | 1,006 | 893 | 13,535 | 8,086 | 2,361 | 3,881 | 11,352 | 13,914 | 13,175 | 8,647 | 13,064 | 12,525 |
| 42,153 | 52,624 | 66,179 | 77,920 | 97,247 | 103,145 | 80,932 | 30,940 | 54,956 | 47,890 | 55,849 | 79,214 | 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 | 93,826 | 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 | -325 | -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 | -30 | -2,703 | 18 | 1,866 |
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 | -12 | 94 | -191 | -52 | -12 | 62 |
| ROCE % | 12% | 11% | 11% | 10% | 10% | 8% | -13% | 6% | 7% | 1% | 3% | 8% |
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 8 Jan
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
5 Jan - CRISIL assigns AA+/Stable to Piramal Finance; borrowings ~₹75,000cr; AUM ~₹91,000cr; targets AUM ₹1.5Lcr by FY28.
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Announcement under Regulation 30 (LODR)-Credit Rating
4 Jan - CRISIL assigned AA+/Stable to company’s bank loans and NCDs; A1+ reaffirmed for commercial papers.
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Submission Under Regulation 3(3) Of The SEBI (Share Based Employee Benefits And Sweat Equity) Regulations 2021
30 Dec - Filed amended trust deeds for two PFL ESOP trusts; merger effective 16 Sep 2025; corpus Rs.10,000.
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Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot
23 Dec - On Dec 22, 2025 postal ballot approved appointments of Shikha Sharma, Anjali Bansal, Rajiv Mehrishi, Asheet Mehta as directors.
Annual reports
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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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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.