āagman

Not investment advice. Data and computed figures, for information only.

Piramal Finance Ltd

NSE: PIRAMALFIN
₹1,974.70
+₹23.60 (+1.21%)
NSE · 15 Oct 2026, close
NSE
As of 31 Mar 2026
Market Cap
₹46,645 Cr
CMP
₹1,974.70
52-wk High / Low
₹2,326 / 1,417
P/E
104.0
P/B
1.6
Book Value
₹1,242.0
Div Yield
0.56%
ROCE
6.0%
ROE
0.9%
Face Value
₹2
D/E
2.84

Price+16.5% over Max

āagman read

Computed by āagman
Derived from 12 years and 14 quarters of filings. Not reported by the company.
As of 15 Oct 2026
How we compute these
Piotroski F-Score
4
/ 9
4 of 9 F-score tests passed
Graham Number
₹1,362
√(22.5 × EPS × book value per share)
ROIC
5.7%
vs 10.0% sector median
Cash flow to profit
−10.55
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
−366
bps OPM YoY
Operating margin vs the same quarter last year
Sustainable growth
0.4%
ROE × earnings retention ratio
ROE stability
20.7
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom −1.94FII +1.09DII +2.41
Latest quarter vs the previous one
Cash-accrual divergence
16.9%
of assets
Low = accruals track cash flow
Strengths
+Price trades above its 200-day moving average (1.0x)
+Promoter holding rose by 5.0pp over the last year
+FII holding rose by 12.6pp over the last year
Watch-outs
−Latest ROCE of 6% trails the sector median of 9.4%
−Borrowings are up 31.0% since FY2016 (61050 to 79989)
−Balance-sheet accruals of 16.9% of average assets — earnings are not cash-backed

Peer comparison

Peers
NameP/EMar Cap ₹ CrROCE %ROE %

Quarterly results

Consolidated basis (as filed) · ₹ Cr · 13 quarters
As of 30 Jun 2026
Jun 2022Dec 2022Mar 2023Dec 2023Mar 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales1,6721,7511,6401,6891,7172,3652,8252,8542,6392,8722,9183,4243,368
Expenses3661,5709667292,7809361,3741,5379199229831,9781,296
Operating Profit1,306181674960−1,0631,4291,4511,3171,7211,9491,9351,4462,073
OPM %78.1%10.3%41.1%56.8%−61.9%60.4%51.4%46.1%65.2%67.9%66.3%42.2%61.5%
Other Income957−10,250−1,8552491215826912911961,377160
Interest8908348489289991,3051,3641,4171,4921,5671,6461,6741,734
Depreciation1822373845555453571445764556
Profit before tax492−668−10,461−1,862−1,85819091116301249328505443
Net Profit3702,824−8,982−1,282−75216339102276327401502461
EPS (₹)0.171.32−4.20−0.60−0.320.070.020.040.1114.4217.6922.1420.34

Profit & Loss

As of 30 Jun 2026
Consolidated · ₹ Cr · 12 years + TTM
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales6,4207,83511,46510,84912,8829,5588,7716,0396,6446,72910,37511,90312,582
Expenses9681,1961,4771,4134,49621,82428,6211,8595,6604,9154,6084,8015,178
Operating Profit5,4516,6399,9899,4368,386−12,266−19,8504,1809841,8145,7677,1027,403
OPM %84.9%84.7%87.1%87.0%65.1%−128.3%−226.3%69.2%14.8%27.0%55.6%59.7%58.8%
Other Income24641−221932−62−10,210−1,6183731,5631,644
Interest4,4605,4926,6747,7449,4175,7362183,3373,4703,6595,2826,3796,621
Depreciation273043285179815297152214903902
Profit before tax9661,1213,2761,706−1,104−18,063−20,117728−12,794−3,6166451,3831,525
Net Profit6427492,8061,263−966−13,456−15,051540−7,401−1,9754851,5061,691
EPS (₹)22.0525.6889.6240.28−30.78−428.77−479.610.25−3.46−0.850.1966.3674.59

Balance Sheet

As of 30 Jun 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Jun 2026
Equity Capital14629231331431431431421,36521,36523,3654545—
Reserves4,8365,0987,4178,6847,624−5,860−20,959823−6,584−8,47027,05128,103—
Borrowings48,88161,05081,51191,97996,81290,41289,85146,41641,23345,68065,57779,989—
Other Liabilities1,5672,8053,0485,3671,8539641,15311,0366,2535,2832,2712,409—
Total Liabilities55,42969,24592,2901,06,3441,06,60285,83070,35979,64062,26665,85894,9431,10,546—
Fixed Assets19150821185086592094010,8201,6161,7683,2682,352—
CWIP81059063412910410501241043116—
Investments1,7511,81113,5098,1202,4983,8818,44913,85112,9668,30712,5399,814—
Other Assets52,67766,33677,93697,2451,03,13580,92460,97054,95647,68155,77379,09498,264—
Total Assets55,42969,24592,2901,06,3441,06,60285,83070,35979,64062,26665,85894,9431,10,546—

Cash Flows

As of 31 Mar 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity−12,272−12,582−15,593−18,136−8,73512,5767,1358,6616,723−1,928−8,119−15,892
Cash from Investing Activity−86624−10,9306,0916,135644−4,52676472−816−4712,631
Cash from Financing Activity12,64315,41626,28911,1731,937−7,6310−8,366−9,4872,77311,62512,393
Net Cash Flow−4962,858−234−872−6635,5892,6091,060−2,691293,035−869

Ratios

As of 31 Mar 2026
12 periods
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %—11.010.010.08.0−13.0−26.06.01.03.08.06.0
ROE %———————————0.9
EPS (₹)22.0525.6889.6240.28−30.78−428.77−479.610.25−3.46−0.850.1966.36
Book Value (₹)———————————1,242.0
Face Value (₹)———————————2
P/E———————————104.0
Div Yield %———————————0.56
NPM %10.09.624.511.6−7.5−140.5−171.09.0—−38.64.511.2
OPM %85.085.087.087.065.0−128.0−226.069.015.027.056.060.0
D/E9.8111.3310.5410.2212.20——2.092.793.072.422.84
P/B———————————1.6

Growth

As of 11 Oct 2026
Compounded sales growth
10 years+4.0%
5 years+6.0%
3 years+21.0%
TTM+18.0%
Compounded profit growth
10 years−11.0%
5 years+15.0%
3 years−56.0%
TTM−23.0%
Stock price CAGR
10 years+21.0%
Return on equity
5 years5.0%
3 years1.0%
Last year1.0%

Shareholding pattern

As of 30 Sep 2025
Jun 2019Sep 2019Dec 2019Mar 2020Jun 2020Sep 2020Dec 2020Mar 2021Jun 2021Sep 2025
Promoters39.29%39.29%39.29%39.23%39.21%39.21%39.21%39.21%46.16%44.22%
FIIs25.32%25.32%25.32%19.92%17.65%3.15%1.92%0.25%14.63%15.72%
DIIs7.17%7.17%7.17%9.52%4.77%3.46%3.45%3.45%18.80%21.21%
Government——————————
Public28.21%28.21%28.21%31.32%38.37%54.18%55.42%57.09%20.10%18.64%
No. of shareholders95,61695,61695,6161,48,0703,09,0163,35,4743,34,2603,48,0062,01,8731,95,055
Change since Jun 2019 (pp)
Promoters +4.93FIIs −9.60DIIs +14.04Public −9.57

Documents

As of 11 Oct 2026
Announcements
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAnnouncement under Regulation 30 (LODR)-AllotmentDisclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011Announcement under Regulation 30 (LODR)-AllotmentAnnouncement under Regulation 30 (LODR)-Change in Management
Annual reports
Annual Report 2026Annual Report 2020Annual Report 2019Annual Report 2018Annual Report 2017
Credit ratings
Rating updateRating updateRating updateRating updateRating update
Concalls
Sep 2026PPTSep 2026PPTSep 2026PPTSep 2026PPTSep 2026PPT

Corporate actions

As of 12 Jun 2026
12 Jun 2026DIVIDENDDividend - Rs 11 Per Share—
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman