Piramal Finance Ltd
₹ 1,872
-4.30%
23 Oct
4:01 p.m.
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 ₹ 44,297 Cr.
- Current Price ₹ 1,872
- High / Low ₹ 2,328 / 1,235
- Stock P/E 76.6
- Book Value ₹ 1,308
- Dividend Yield 0.56 %
- ROCE 6.47 %
- ROE 0.86 %
- Face Value ₹ 2.00
Pros
Cons
- Company has low interest coverage ratio.
- Promoter holding has decreased over last quarter: -1.94%
- Tax rate seems low
- Company has a low return on equity of 0.55% over last 3 years.
- Dividend payout has been low at 5.51% of profits over last 3 years
- Working capital days have increased from -7.71 days to 83.6 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
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 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 6,420 | 7,835 | 11,465 | 10,849 | 12,882 | 9,558 | 8,771 | 6,039 | 6,644 | 6,729 | 10,375 | 11,903 | 13,357 | |
| 968 | 1,196 | 1,477 | 1,413 | 4,496 | 21,824 | 28,621 | 1,859 | 5,660 | 4,915 | 4,608 | 4,801 | 5,534 | |
| Operating Profit | 5,451 | 6,639 | 9,989 | 9,436 | 8,386 | -12,266 | -19,850 | 4,180 | 984 | 1,814 | 5,767 | 7,102 | 7,823 |
| OPM % | 85% | 85% | 87% | 87% | 65% | -128% | -226% | 69% | 15% | 27% | 56% | 60% | 59% |
| 2 | 4 | 6 | 41 | -22 | 19 | 32 | -62 | -10,210 | -1,618 | 373 | 1,563 | 1,728 | |
| Interest | 4,460 | 5,492 | 6,674 | 7,744 | 9,417 | 5,736 | 218 | 3,337 | 3,470 | 3,659 | 5,282 | 6,379 | 6,879 |
| Depreciation | 27 | 30 | 43 | 28 | 51 | 79 | 81 | 52 | 97 | 152 | 214 | 903 | 816 |
| Profit before tax | 966 | 1,121 | 3,276 | 1,706 | -1,104 | -18,063 | -20,117 | 728 | -12,794 | -3,616 | 645 | 1,383 | 1,856 |
| Tax % | 34% | 34% | 15% | 27% | -11% | -26% | -25% | 26% | -42% | -45% | 25% | -9% | |
| 642 | 749 | 2,806 | 1,263 | -966 | -13,456 | -15,051 | 540 | -7,401 | -1,975 | 485 | 1,506 | 1,909 | |
| EPS in Rs | 22.05 | 25.68 | 89.62 | 40.28 | -30.78 | -428.77 | -479.61 | 0.25 | -3.46 | -0.85 | 0.19 | 66.36 | 82.84 |
| Dividend Payout % | 14% | 31% | 4% | 14% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 17% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 4% |
| 5 Years: | 6% |
| 3 Years: | 21% |
| TTM: | 19% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | -11% |
| 5 Years: | 15% |
| 3 Years: | -56% |
| TTM: | -30% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 20% |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 5% |
| 3 Years: | 1% |
| Last Year: | 1% |
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 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 146 | 292 | 313 | 314 | 314 | 314 | 314 | 21,365 | 21,365 | 23,365 | 45 | 45 | 47 |
| Reserves | 4,836 | 5,098 | 7,417 | 8,684 | 7,624 | -5,860 | -20,959 | 823 | -6,584 | -8,470 | 27,051 | 28,103 | 30,895 |
| 48,881 | 61,050 | 81,511 | 91,979 | 96,812 | 90,412 | 89,851 | 46,416 | 41,233 | 45,680 | 65,577 | 79,989 | 85,809 | |
| 1,567 | 2,805 | 3,048 | 5,367 | 1,853 | 964 | 1,153 | 11,036 | 6,253 | 5,283 | 2,271 | 2,409 | 3,007 | |
| Total Liabilities | 55,429 | 69,245 | 92,290 | 106,344 | 106,602 | 85,830 | 70,359 | 79,640 | 62,266 | 65,858 | 94,943 | 110,546 | 119,758 |
| 191 | 508 | 211 | 850 | 865 | 920 | 940 | 10,820 | 1,616 | 1,768 | 3,268 | 2,352 | 2,468 | |
| CWIP | 810 | 590 | 634 | 129 | 104 | 105 | 0 | 12 | 4 | 10 | 43 | 116 | 0 |
| Investments | 1,751 | 1,811 | 13,509 | 8,120 | 2,498 | 3,881 | 8,449 | 13,851 | 12,966 | 8,307 | 12,539 | 9,814 | 8,706 |
| 52,677 | 66,336 | 77,936 | 97,245 | 103,135 | 80,924 | 60,970 | 54,956 | 47,681 | 55,773 | 79,094 | 98,264 | 108,583 | |
| Total Assets | 55,429 | 69,245 | 92,290 | 106,344 | 106,602 | 85,830 | 70,359 | 79,640 | 62,266 | 65,858 | 94,943 | 110,546 | 119,758 |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -12,272 | -12,582 | -15,593 | -18,136 | -8,735 | 12,576 | 7,135 | 8,661 | 6,723 | -1,928 | -8,119 | -15,892 | |
| -866 | 24 | -10,930 | 6,091 | 6,135 | 644 | -4,526 | 764 | 72 | -816 | -471 | 2,631 | |
| 12,643 | 15,416 | 26,289 | 11,173 | 1,937 | -7,631 | 0 | -8,366 | -9,487 | 2,773 | 11,625 | 12,393 | |
| Net Cash Flow | -496 | 2,858 | -234 | -872 | -663 | 5,589 | 2,609 | 1,060 | -2,691 | 29 | 3,035 | -869 |
| Free Cash Flow | -12,315 | -12,710 | -15,693 | -18,319 | -8,820 | 12,556 | 7,139 | 8,615 | 6,694 | -2,149 | -8,160 | -15,949 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | -220% | -184% | -148% | -188% | -99% | -103% | -36% | 217% | 683% | -106% | -141% | -224% |
Ratios
Consolidated / 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 | 11 | 10 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 11 | 10 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Working Capital Days | -585 | -661 | -346 | -421 | -62 | 38 | 34 | -495 | -230 | -178 | 71 | 84 |
| ROCE % | 11% | 10% | 10% | 8% | -13% | -26% | 6% | 1% | 3% | 8% | 6% |
Insights
In beta| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Branch Network count |
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| Total AUM ₹ Cr |
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| Retail AUM ₹ Cr |
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| Retail Disbursements ₹ Cr |
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| Total Customer Franchise Mn |
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| Wholesale 2.0 AUM ₹ Cr |
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Documents
Announcements
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
- Transcript of conference call on the Unaudited Financial Results (Standalone & Consolidated) for the quarter and half year ended 30th September 2026
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
- Audio recording of Q2 FY2027 earnings conference call released for unaudited results ended 30 September 2026.
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Amendment To Trust Deed Of PFL Employee ESOP Trust
- PFL amended ESOP Trust Deed; Arvind Agarwal resigned and Kuttikrishnan Krishna Pisharody appointed from 19 October 2026.
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Announcement under Regulation 30 (LODR)-Investor Presentation
- Investor Presentation on the Financial Results for the quarter and half year ended 30th September 2026
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
- Piramal Finance posts Q2 PAT ₹545 crore, raises ₹3,850 crore, appoints Dinesh Kumar Khara independent director.
Annual reports
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Annual Report 2026
from bse
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Annual Report 2020
from bse
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Annual Report 2019
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Annual Report 2018
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Annual Report 2017
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Annual Report 2016
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Annual Report 2015
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Annual Report 2014
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Annual Report 2013
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Annual Report 2012
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Annual Report 2011
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Annual Report 2010
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Concalls
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Oct 2026Transcript PPT REC
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Oct 2026PPT
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Sep 2026PPT
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Sep 2026PPT
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Jul 2026Transcript PPT REC
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May 2026Transcript PPT REC
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Feb 2026Transcript PPT REC
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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.