Piramal Finance Ltd
PIRAMALFIN NSE
Piramal Finance Ltd
Financial ServicesNSE: PIRAMALFIN BSE: 544597 Finance
Key Fundamentals
MidcapFinanceFinancial ServicesMarket Cap
₹46,641 Cr
Volatility
Moderate
P/E Ratio
27.59
EBITDA
₹7,230 Cr
Return on Equity
5.34%
Debt to Equity
2.84
Book Value
₹1,241.8
52W High
₹2,220
52W Low
₹1,260
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Piramal Finance Ltd insights
46 extracted metrics + investor summaries across FY14–FY26.
Tapetide Score
Data-driven rating, 0–100. How it works →
Technical Indicators
Key Insights
Weaknesses
5- Company has low interest coverage ratio.
- 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
Growth Rate
Revenue Growth
13.38% ↗
Net Income Growth
210.22% ↗
Cash Flow Change
-95.74% ↘
ROE
198.32% ↗
ROCE
4.17% ↗
EBITDA Margin (Avg.)
6.20% ↗
AI Analysis — Bull vs Bear
anthropic claude-opus-4.6 2d agoAI opinion · based on fundamentals
Risk high
Piramal Finance Ltd trades at a market cap of ₹46,818 Cr with a P/E of 27.8x and P/B of 1.67x. The company shows strong recent revenue growth (TTM sales up 18%) but profitability remains challenged with a 3-year average ROE of just 1% and a TTM profit decline of -23%.
Bull Case 7
- TTM revenue growth of 18% indicates accelerating business momentum after a modest 6% CAGR over 5 years
- 3-year compounded sales growth of 21% demonstrates sustained top-line expansion in recent periods
- 5-year stock CAGR of 162% reflects significant market re-rating and value creation over the medium term
- 10-year stock CAGR of 23% suggests long-term compounding despite business volatility
- P/B ratio of 1.67x is relatively modest for a financial services company with improving revenue trajectory
- 5-year compounded profit growth of 15% suggests the business has delivered earnings expansion over a longer horizon despite near-term volatility
- Market cap of ₹46,818 Cr provides scale and liquidity advantages for institutional participation
Bear Case 8
- 3-year ROE of just 1% (and 0.55% as flagged) indicates extremely poor capital efficiency for a financial services firm
- TTM profit has declined -23%, showing deteriorating bottom-line performance in the most recent period
- 3-year compounded profit CAGR of -56% reflects a severe earnings collapse over the medium term
- Low interest coverage ratio raises concerns about the company's ability to service its debt obligations
- Working capital days have deteriorated sharply from -7.71 days to 83.6 days, indicating significant pressure on cash conversion
- Dividend payout of only 5.51% of profits over 3 years offers minimal income return to shareholders with dividend yield at just 0.53%
- 10-year compounded profit CAGR of -11% shows a long-term structural inability to grow earnings sustainably
- P/E of 27.8x appears elevated given the weak profitability metrics and negative recent earnings trajectory
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
anthropic claude-opus-4.6 2h ago Positives 1
- Seeks ₹4,000 crore capital raise Jul 17
Piramal Finance initiated postal ballot to raise up to ₹4,000 crore through various modes. E-voting window runs July 19 to August 17, 2026, signaling growth capital intent.
Neutral 1
- Analyst meeting in Varanasi Aug 14
Piramal Finance scheduled an investor/analyst meeting with branch visit in Varanasi on August 20, 2026. Disclosed under SEBI Listing Regulations.
TL;DR: Piramal Finance is in a capital-raising mode, seeking shareholder approval for up to ₹4,000 crore which signals confidence in growth opportunities ahead. No visible headwinds from recent news flow. The investor outreach via branch visits suggests management is actively engaging the Street. Outlook is stable with a mild positive tilt depending on capital deployment clarity.
Quarterly Results
| Jun 2022 | Dec 2022 | Mar 2023 | Dec 2023 | Mar 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,672 | 1,751 | 1,640 | 1,689 | 1,717 | 2,365 | 2,825 | 2,854 | 2,639 | 2,872 | 2,918 | 3,424 | 3,368 |
| Expenses | 366 | 1,570 | 966 | 729 | 2,780 | 936 | 1,374 | 1,537 | 919 | 922 | 983 | 1,978 | 1,296 |
| Operating Profit | 1,306 | 181 | 674 | 960 | -1,063 | 1,429 | 1,451 | 1,317 | 1,721 | 1,949 | 1,935 | 1,446 | 2,073 |
| OPM % | 78% | 10% | 41% | 57% | -62% | 60% | 51% | 46% | 65% | 68% | 66% | 42% | 62% |
| Other Income | 95 | 7 | -10,250 | -1,855 | 249 | 121 | 58 | 269 | 129 | 11 | 96 | 1,377 | 160 |
| Interest | 890 | 834 | 848 | 928 | 999 | 1,305 | 1,364 | 1,417 | 1,492 | 1,567 | 1,646 | 1,674 | 1,734 |
| Depreciation | 18 | 22 | 37 | 38 | 45 | 55 | 54 | 53 | 57 | 144 | 57 | 645 | 56 |
| PBT | 492 | -668 | -10,461 | -1,862 | -1,858 | 190 | 91 | 116 | 301 | 249 | 328 | 505 | 443 |
| Tax % | 25% | -523% | -14% | -31% | -60% | 14% | 57% | 12% | 8% | -31% | -22% | 1% | -4% |
| Net Profit | 370 | 2,824 | -8,982 | -1,282 | -752 | 163 | 39 | 102 | 276 | 327 | 401 | 502 | 461 |
| EPS in Rs | 0.17 | 1.32 | -4.2 | -0.6 | -0.32 | 0.07 | 0.02 | 0.04 | 0.11 | 14.42 | 17.69 | 22.14 | 20.34 |
Profit & Loss
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 6,420 | 7,835 | 11,465 | 10,849 | 12,882 | 9,558 | 8,771 | 6,039 | 6,644 | 6,729 | 10,375 | 11,903 | 12,582 |
| Expenses | 968 | 1,196 | 1,477 | 1,413 | 4,496 | 21,824 | 28,621 | 1,859 | 5,660 | 4,915 | 4,608 | 4,801 | 5,178 |
| 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 | 7,403 |
| OPM % | 85% | 85% | 87% | 87% | 65% | -128% | -226% | 69% | 15% | 27% | 56% | 60% | 59% |
| Other Income | 2 | 4 | 6 | 41 | -22 | 19 | 32 | -62 | -10,210 | -1,618 | 373 | 1,563 | 1,644 |
| Interest | 4,460 | 5,492 | 6,674 | 7,744 | 9,417 | 5,736 | 218 | 3,337 | 3,470 | 3,659 | 5,282 | 6,379 | 6,621 |
| Depreciation | 27 | 30 | 43 | 28 | 51 | 79 | 81 | 52 | 97 | 152 | 214 | 903 | 902 |
| PBT | 966 | 1,121 | 3,276 | 1,706 | -1,104 | -18,063 | -20,117 | 728 | -12,794 | -3,616 | 645 | 1,383 | 1,525 |
| Tax % | 34% | 34% | 15% | 27% | -11% | -26% | -25% | 26% | -42% | -45% | 25% | -9% | — |
| Net Profit | 642 | 749 | 2,806 | 1,263 | -966 | -13,456 | -15,051 | 540 | -7,401 | -1,975 | 485 | 1,506 | 1,691 |
| EPS in Rs | 22.05 | 25.68 | 89.62 | 40.28 | -30.78 | -429 | -480 | 0.25 | -3.46 | -0.85 | 0.19 | 66.36 | 74.59 |
| Div. Payout % | 14% | 31% | 4% | 14% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 17% | — |
Balance Sheet
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 146 | 292 | 313 | 314 | 314 | 314 | 314 | 21,365 | 21,365 | 23,365 | 45 | 45 |
| Reserves | 4,836 | 5,098 | 7,417 | 8,684 | 7,624 | -5,860 | -20,959 | 823 | -6,584 | -8,470 | 27,051 | 28,103 |
| Borrowings | 48,881 | 61,050 | 81,511 | 91,979 | 96,812 | 90,412 | 89,851 | 46,416 | 41,233 | 45,680 | 65,577 | 79,989 |
| Other Liabilities | 1,567 | 2,805 | 3,048 | 5,367 | 1,853 | 964 | 1,153 | 11,036 | 6,253 | 5,283 | 2,271 | 2,409 |
| Total Liabilities | 55,429 | 69,245 | 92,290 | 1,06,344 | 1,06,602 | 85,830 | 70,359 | 79,640 | 62,266 | 65,858 | 94,943 | 1,10,546 |
| Fixed Assets | 191 | 508 | 211 | 850 | 865 | 920 | 940 | 10,820 | 1,616 | 1,768 | 3,268 | 2,352 |
| CWIP | 810 | 590 | 634 | 129 | 104 | 105 | 0 | 12 | 4 | 10 | 43 | 116 |
| 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 |
| Other Assets | 52,677 | 66,336 | 77,936 | 97,245 | 1,03,135 | 80,924 | 60,970 | 54,956 | 47,681 | 55,773 | 79,094 | 98,264 |
| Total Assets | 55,429 | 69,245 | 92,290 | 1,06,344 | 1,06,602 | 85,830 | 70,359 | 79,640 | 62,266 | 65,858 | 94,943 | 1,10,546 |
Cash Flow
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | -12,272 | -12,582 | -15,593 | -18,136 | -8,735 | 12,576 | 7,135 | 8,661 | 6,723 | -1,928 | -8,119 | -15,892 |
| Investing | -866 | 24 | -10,930 | 6,091 | 6,135 | 644 | -4,526 | 764 | 72 | -816 | -471 | 2,631 |
| Financing | 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/OP | -220 | -184 | -148 | -188 | -99 | -103 | -36 | 217 | 683 | -106 | -141 | -224 |
Ratios
| 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 |
| 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% |
Documents
1
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
14 Aug - Intimation of Schedule of Analyst/Investor Meeting under SEBI Listing Regulations - Branch Visit 14 Aug - Intimation of Schedule of Analyst/Investor Meeting under SEBI Listing Regulations - Branch Visit
2
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
11h - Piramal Finance schedules investor meetings at Macquarie Asia Conference in Hong Kong and Citi Pan-Asia Conference in Singapore. 11h - Piramal Finance schedules investor meetings at Macquarie Asia Conference in Hong Kong and Citi Pan-Asia Conference in Singapore.
3
Announcement under Regulation 30 (LODR)-Change in Registered Office Address
30 Apr - Registered office shifted on 30 April 2026 from Amiti Building to Piramal Corporate Park, Mumbai. 30 Apr - Registered office shifted on 30 April 2026 from Amiti Building to Piramal Corporate Park, Mumbai.
5
Announcement under Regulation 30 (LODR)-Press Release / Media Release
27 Apr - Piramal Finance reported FY26 PAT of ₹1,506 Cr; AUM crossed ₹1 lakh crore, up 25% YoY. 27 Apr - Piramal Finance reported FY26 PAT of ₹1,506 Cr; AUM crossed ₹1 lakh crore, up 25% YoY.
Frequently Asked Questions about Piramal Finance Ltd
What does Piramal Finance Ltd do?
Piramal Finance Corporation's main business
is of providing loans to Retail customers for construction or purchase of residential property, loans against property, etc.
Where is Piramal Finance Ltd (PIRAMALFIN) listed?
Piramal Finance Ltd is listed on the Indian stock exchanges. It is listed on NSE: PIRAMALFIN and BSE: 544597. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Piramal Finance Ltd belong to?
Piramal Finance Ltd operates in the Financial Services sector within the Finance industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Piramal Finance Ltd?
Piramal Finance Ltd has a market capitalisation of approximately ₹46641.20 Cr. Based on this, it is classified as a Large Cap stock.
What is the PE ratio of Piramal Finance Ltd?
The Price-to-Earnings (PE) ratio of Piramal Finance Ltd is 27.59. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Piramal Finance Ltd?
Over the past 52 weeks, Piramal Finance Ltd has traded between a low of ₹1,260 and a high of ₹2,220. This range helps investors understand the stock's price volatility and recent trading levels.
Does Piramal Finance Ltd pay dividends?
Yes, Piramal Finance Ltd has a dividend yield of 0.53%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Piramal Finance Ltd?
Piramal Finance Ltd has a Return on Equity (ROE) of 5.34%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Piramal Finance Ltd on Tapetide?
On Tapetide, you can view Piramal Finance Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.
Company Information
Piramal Finance Corporation's main business is of providing loans to Retail customers for construction or purchase of residential property, loans against property, etc.