---
title: "Pioneer Products Ltd (524697) — Share Price, Financials & Analysis"
symbol: "524697"
company: "Pioneer Products Ltd"
canonical: "https://tapetide.com/stocks/524697"
bse_code: "524697"
generated_at: "2026-10-13T10:58:41.478Z"
---

# Pioneer Products Ltd (524697)

Canonical page: https://tapetide.com/stocks/524697

## Company

- **BSE Code:** 524697
- **Stock Type:** EQUITY
- **Face Value:** ₹10
- **F&O Eligible:** No

## Latest Price

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2013 | Jun 2013 |
| --- | --- | --- |
| Sales | 0.03 | 0.03 |
| Expenses | 0.03 | 0.02 |
| Operating Profit | 0 | 0.01 |
| OPM % | 0 | 33.33 |
| Other Income | 0 | 0 |
| Interest | 0 | 0 |
| Depreciation | 0 | 0 |
| Profit before tax | 0 | 0.01 |
| Tax % | — | 0 |
| Net Profit | 0 | 0.01 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 886 | 926 | 1029 | 967 | 1037 | 1343 | 1394 | 1549 | 1682 | 1779 |
| Expenses | 785 | 801 | 892 | 861 | 899 | 1125 | 1294 | 1395 | 1506 | 1583 |
| Operating Profit | 101 | 124 | 136 | 106 | 138 | 218 | 99 | 154 | 176 | 196 |
| OPM % | 11 | 13 | 13 | 11 | 13 | 16 | 7 | 10 | 10 | 11 |
| Other Income | 1 | 2 | 2 | 5 | 3 | 7 | 5 | 4 | 9 | 8 |
| Interest | 21 | 18 | 16 | 16 | 9 | 10 | 15 | 19 | 26 | 23 |
| Depreciation | 15 | 12 | 11 | 14 | 15 | 17 | 18 | 21 | 38 | 39 |
| Profit before tax | 67 | 96 | 111 | 80 | 117 | 197 | 71 | 119 | 121 | 141 |
| Tax % | 35 | 33 | 32 | 25 | 26 | 26 | 18 | 25 | 25 | — |
| Net Profit | 43 | 64 | 75 | 59 | 87 | 146 | 58 | 89 | 90 | 105 |
| EPS in Rs | — | 11.29 | 13.27 | 10.48 | 15.39 | 25.72 | 10.27 | 15.76 | 15.93 | 18.56 |
| Dividend Payout % | 12 | 14 | 13 | 16 | 16 | 12 | 29 | 19 | 19 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 |
| Reserves | 177 | 341 | 406 | 454 | 531 | 664 | 706 | 779 | 854 | 892 |
| Borrowings | 216 | 184 | 223 | 210 | 124 | 206 | 175 | 301 | 311 | 310 |
| Other Liabilities | 128 | 137 | 169 | 149 | 176 | 234 | 186 | 235 | 263 | 271 |
| Total Liabilities | 532 | 673 | 810 | 824 | 843 | 1116 | 1079 | 1326 | 1438 | 1485 |
| Fixed Assets | 75 | 68 | 70 | 74 | 85 | 91 | 97 | 230 | 274 | 265 |
| CWIP | 0 | 2 | 2 | 14 | 15 | 52 | 88 | 17 | 1 | 8 |
| Investments | 0 | 4 | 8 | 11 | 11 | 10 | 15 | 15 | 18 | 22 |
| Other Assets | 456 | 599 | 730 | 725 | 733 | 963 | 879 | 1064 | 1146 | 1190 |
| Total Assets | 532 | 673 | 810 | 824 | 843 | 1116 | 1079 | 1326 | 1438 | 1485 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 8 | 43 | -31 | 1 | 53 | 132 | 0 | 140 | -6 | 86 |
| Cash from Investing Activity | -12 | -6 | -11 | -16 | -25 | -22 | -62 | -60 | -81 | -54 |
| Cash from Financing Activity | 6 | -38 | 51 | 16 | -43 | -109 | 55 | -80 | 88 | -33 |
| Net Cash Flow | 1 | 0 | 9 | 1 | -15 | 1 | -7 | 0 | 0 | 0 |

### Ratios

| Item | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 93 | 93 | 107 | 123 | 136 | 116 | 109 | 112 | 113 | 117 |
| Inventory Days | 213 | 191 | 254 | 273 | 248 | 274 | 282 | 170 | 238 | 238 |
| Days Payable | 104 | 89 | 101 | 124 | 98 | 114 | 105 | 66 | 90 | 95 |
| Cash Conversion Cycle | 202 | 196 | 260 | 272 | 286 | 276 | 287 | 216 | 260 | 261 |
| Working Capital Days | 53 | 70 | 120 | 113 | 136 | 149 | 139 | 132 | 128 | 131 |
| ROCE % | 18 | 22 | 24 | 22 | 15 | 19 | 27 | 10 | 14 | 13 |

## Shareholding Pattern

### annual

| Category | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Dec 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 56.85% | 60.01% | 72.2% | 72.91% | 72.91% | 73.09% | 72.21% | 72.21% | 72.21% |
| FIIs | 0% | 0.3% | 0.3% | 0% | 0.3% | 0.44% | 2.08% | 1.86% | 4.36% |
| DIIs | 9.97% | 8.22% | 6.95% | 3.75% | 1.68% | 2.26% | 0.55% | 1.55% | 1.21% |
| Public | 33.18% | 31.47% | 20.55% | 23.34% | 25.1% | 24.21% | 25.15% | 24.38% | 22.21% |
| No. of Shareholders | 4993 | 7997 | 8555 | 15320 | 32549 | 26688 | 23227 | 28207 | 26342 |

### Quarterly

| Category | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 73.09% | 73.09% | 73.09% | 73.09% | 72.21% | 72.21% | 72.21% | 72.21% | 72.21% | 72.21% | 72.21% | 72.21% |
| FIIs | 0.44% | 0.49% | 0.33% | 0.48% | 2.08% | 2.02% | 1.98% | 2.01% | 1.86% | 1.84% | 4.29% | 4.36% |
| DIIs | 2.26% | 0.5% | 0.57% | 0.58% | 0.55% | 0.79% | 0.71% | 0.95% | 1.55% | 1.48% | 0.99% | 1.21% |
| Public | 24.21% | 25.93% | 26% | 25.85% | 25.15% | 25% | 25.09% | 24.83% | 24.38% | 24.49% | 22.51% | 22.21% |
| No. of Shareholders | 26688 | 27288 | 25853 | 25356 | 23227 | 26278 | 27255 | 28082 | 28207 | 28173 | 26434 | 26342 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 4 / 3 / 12

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 250.1 | Sell |
| EMA (10) | 246.2 | Sell |
| SMA (20) | 261.06 | Sell |
| EMA (20) | 256.19 | Sell |
| SMA (50) | 274.07 | Sell |
| EMA (50) | 272.41 | Sell |
| SMA (100) | 295.09 | Sell |
| EMA (100) | 291.33 | Sell |
| SMA (200) | 326.66 | Sell |
| EMA (200) | 322.1 | Sell |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 27.21 | Buy |
| MACD (12,26,9) | -11.45 | Sell |
| Stochastic (14,3,3) | 15.59 | Buy |
| ADX (14) | 22.01 | Neutral |
| Williams %R (14) | -83.03 | Buy |
| ATR (14) | 12.83 | High Volatility |
| ROC (12) | -13.8 | Sell |
| Stoch RSI (14) | 4.36 | Buy |
| UO (7,14,28) | 33.56 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 2026-03-10 | [Announcement under Regulation 30 (LODR)-Scheme of Arrangement](https://www.bseindia.com/xml-data/corpfiling/AttachLive/65b1f863-6bab-4e62-a335-3f0ca607fd55.pdf) |
| 2026-03-07 | [Announcement under Regulation 30 (LODR)-Scheme of Arrangement](https://www.bseindia.com/xml-data/corpfiling/AttachLive/f2ee0220-a9a9-48e1-8810-302ab9b3cb25.pdf) |
| 2026-03-02 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation](https://www.bseindia.com/xml-data/corpfiling/AttachHis/faec3309-2bee-431e-9529-0ba86ac8d65d.pdf) |
| 2026-03-02 | [Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011](https://www.bseindia.com/xml-data/corpfiling/AttachHis/D70D348C_EBB0_4FEB_89C6_3DFB93237EDF_170847.pdf) |
| 2026-02-27 | [Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011](https://www.bseindia.com/xml-data/corpfiling/AttachHis/4E4B6A83_E91B_4A51_9EE3_9558152F03D2_101132.pdf) |
| 2026-02-17 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/xml-data/corpfiling/AttachHis/39b40ba8-ecd0-4f69-8912-647bff1b4fec.pdf) |
| 2026-02-13 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/xml-data/corpfiling/AttachHis/60d38690-313d-47b1-927e-7a670de5a3d1.pdf) |
| 2026-02-12 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a99e1697-e4bd-40b1-8441-1e204521411a.pdf) |
| 2026-02-12 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d537000d-ab4c-4254-9eb9-6615869925f1.pdf) |
| 2026-02-11 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/xml-data/corpfiling/AttachHis/53f491e2-7d8e-4c13-bcb6-5a664880c2bf.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| 2025 | [Financial Year 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/55d6c8d6-61fe-441c-9f8c-30779e0eeced.pdf) |
| 2024 | [Financial Year 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/34abb1ff-7161-43e0-a8b3-b3c417786abb.pdf) |
| 2023 | [Financial Year 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a3fd549b-daa0-40f7-b2a6-0c797af6b61d.pdf) |
| 2022 | [Financial Year 2022](https://www.bseindia.com/bseplus/AnnualReport/541403/74642541403.pdf) |
| 2021 | [Financial Year 2021](https://www.bseindia.com/bseplus/AnnualReport/541403/68752541403.pdf) |
| Mar 2020 | [Financial Year 2020](https://www.bseindia.com/bseplus/AnnualReport/541403/5414030320.pdf) |
| Mar 2019 | [Financial Year 2019](https://www.bseindia.com/bseplus/AnnualReport/541403/5414030319.pdf) |
| Mar 2018 | [Financial Year 2018](https://www.bseindia.com/bseplus/AnnualReport/541403/5414030318.pdf) |
| Mar 2017 | [Financial Year 2017](https://www.bseindia.com/bseplus/AnnualReport/541403/5414030317.pdf) |
| 2017 | [Financial Year 2017](https://archives.nseindia.com/annual_reports/AR_11203_DOLLAR_2016_2017_25082017124307.zip) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Feb 2026 | [Concall - Feb 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/39b40ba8-ecd0-4f69-8912-647bff1b4fec.pdf) |
| Nov 2025 | [Concall - Nov 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d7aa4ddd-f4d9-4dc2-9aba-631fa959edb9.pdf) |
| Oct 2025 | [Concall - Oct 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ad477fc8-5e3c-480c-89c7-5fa69a03daaf.pdf) |
| Aug 2025 | [Concall - Aug 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/68d54748-3f8b-4af1-8ab0-eb3920d42b11.pdf) |
| May 2025 | [Concall - May 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8cde608d-8661-4f40-978c-f9ebc209ae9c.pdf) |
| Feb 2025 | [Concall - Feb 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/6b90e905-dfc0-4090-9805-db4e08ed0f71.pdf) |
| Nov 2024 | [Concall - Nov 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/929b009b-eae7-45c0-bcee-f4109638fa60.pdf) |
| Aug 2024 | [Concall - Aug 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/966ad710-0165-4dad-a1d1-171909901d7e.pdf) |
| May 2024 | [Concall - May 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1f79c1a4-a0a9-40a2-8190-de9a73b0601d.pdf) |
| Mar 2024 | [Concall - Mar 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/79ba3d7b-67ba-477f-8172-1438b4e6e05c.pdf) |

### Credit Rating Reports

| Date | Document |
| --- | --- |
| 2025-12-17 | Credit rating update — Acuité |
| 2025-12-05 | Credit rating update — Acuité |
| 2025-03-26 | Credit rating update — Acuité |
| 2024-08-09 | Credit rating update — Acuité |
| 2023-07-19 | Credit rating update — Acuité |
| 2022-08-22 | Credit rating update — CARE Ratings |
| 2020-03-18 | Credit rating update — CRISIL |
| 2020-02-29 | Credit rating update — CRISIL |
| 2020-02-19 | Credit rating update — CRISIL |
| 2019-12-31 | Credit rating update — CRISIL |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-10-13T10:58:41.478Z.