Piramal Finance Ltd

₹ 16.7 -9.97%

11 Jun 2021

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,

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Market Cap ₹ 524 Cr.
Current Price ₹ 16.7
High / Low ₹ /
Stock P/E
Book Value ₹ 484
Dividend Yield 0.00 %
ROCE %
ROE %
Face Value ₹ 10.0

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Pros

Stock is trading at 0.03 times its book value

Cons

Company has low interest coverage ratio.
The company has delivered a poor sales growth of -12.4% over past five years.
Earnings include an other income of Rs.731 Cr.

* 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

Sector: Finance Industry: Finance - Housing

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2021	Jun 2021	Dec 2021	Mar 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
	1,101	2,001	1,819	1,938	1,751	1,627	1,648	1,736	1,679	1,706	1,654	1,783	1,981
	332	1,487	362	1,234	1,575	942	716	740	711	2,766	677	702	1,189
Operating Profit	769	514	1,457	705	175	685	932	995	968	-1,060	977	1,080	792
OPM %	70%	26%	80%	36%	10%	42%	57%	57%	58%	-62%	59%	61%	40%
	0	1	20	45	0	-10,253	7	2	-1,858	240	101	99	291
Interest	652	48	983	987	831	834	834	887	922	978	996	1,082	1,148
Depreciation	8	19	19	17	24	33	35	36	39	46	45	51	48
Profit before tax	109	448	475	-255	-679	-10,435	70	75	-1,850	-1,844	37	47	-112
Tax %	128%	30%	25%	-25%	-514%	-14%	30%	31%	-31%	-60%	0%	0%	0%
	-30	314	355	-192	2,813	-8,968	49	51	-1,270	-742	37	47	-112
EPS in Rs	-0.96	10.02	11.30	-6.11	89.64	-285.77	1.57	1.63	-40.47	-23.64	1.16	1.48	-3.58
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
	4,061	4,966	5,979	7,295	10,821	10,850	12,884	9,322	5,082	6,039	6,592	6,664	7,124
	339	437	553	683	778	1,413	4,572	21,785	690	1,863	5,651	4,811	5,335
Operating Profit	3,722	4,528	5,426	6,613	10,043	9,437	8,312	-12,463	4,391	4,175	940	1,853	1,789
OPM %	92%	91%	91%	91%	93%	87%	65%	-134%	86%	69%	14%	28%	25%
	16	0	2	4	5	14	-33	19	6	-77	-10,198	-1,609	731
Interest	3,119	3,783	4,460	5,490	6,654	7,722	9,393	5,725	2,828	3,332	3,453	3,637	4,203
Depreciation	8	11	26	24	23	28	51	79	29	52	95	155	189
Profit before tax	611	735	943	1,102	3,372	1,701	-1,165	-18,248	1,540	714	-12,806	-3,549	-1,873
Tax %	26%	28%	34%	34%	14%	27%	-11%	-25%	33%	26%	-42%	-46%
	452	529	621	729	2,896	1,240	-1,036	-13,612	1,034	526	-7,425	-1,911	-771
EPS in Rs	17.62	20.60	21.32	24.99	92.50	39.53	-33.01	-433.76	32.96	16.75	-236.59	-60.91	-24.58
Dividend Payout %	14%	19%	14%	32%	4%	14%	0%	0%	0%	0%	0%	0%

Compounded Sales Growth
10 Years:	3%
5 Years:	-12%
3 Years:	9%
TTM:	6%

Compounded Profit Growth
10 Years:	%
5 Years:	12%
3 Years:	%
TTM:	-169%

Stock Price CAGR
10 Years:	-23%
5 Years:	3%
3 Years:	%
1 Year:	%

Return on Equity
10 Years:	%
5 Years:	%
3 Years:	%
Last Year:	%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2024	Sep 2024
Equity Capital	128	128	146	292	313	314	314	314	19,284	21,365	23,365	23,365
Reserves	3,109	3,447	4,490	4,725	7,683	8,919	7,788	-5,852	2,203	895	-8,360	-8,170
	32,040	39,457	48,881	61,050	81,264	91,712	96,521	90,412	29,867	46,416	45,064	48,957
	526	830	1,098	1,787	3,038	5,367	1,852	964	1,303	11,027	5,311	4,184
Total Liabilities	35,803	43,863	54,615	67,853	92,298	106,312	106,475	85,838	52,657	79,702	65,380	68,336
	179	192	188	202	209	850	865	920	10,365	10,833	883	827
CWIP	259	796	796	579	634	129	104	105	0	0	0	0
Investments	275	721	1,006	893	13,535	8,086	2,361	3,881	11,352	13,914	8,647	8,553
	35,090	42,153	52,624	66,179	77,920	97,247	103,145	80,932	30,940	54,956	55,849	58,956
Total Assets	35,803	43,863	54,615	67,853	92,298	106,312	106,475	85,838	52,657	79,702	65,380	68,336

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	566	-8,879	-12,457	-13,139	-15,746	-18,136	-8,735	12,576	1,420	8,685	6,567	-1,839
	-60	-715	-506	505	-10,442	6,091	6,135	575	-2,260	-325	-24	-954
	-695	10,065	12,468	15,416	26,042	11,173	1,937	-7,563	534	-8,390	-9,246	2,811
Net Cash Flow	-189	471	-495	2,781	-146	-872	-663	5,589	-306	-30	-2,703	18

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2024
Debtor Days	5	6	12	10	0	1	0	0	0	0	0
Inventory Days
Days Payable
Cash Conversion Cycle	5	6	12	10	0	1	0	0	0	0	0
Working Capital Days	-266	-275	-379	-337	-222	-145	-5	39	94	-191	-12
ROCE %	13%	12%	11%	11%	10%	10%	8%	-13%	6%	7%

Shareholding Pattern

Numbers in percentages

	Sep 2018	Dec 2018	Mar 2019	Jun 2019	Sep 2019	Dec 2019	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021
	39.21%	39.21%	39.21%	39.21%	39.21%	39.21%	39.21%	39.21%	39.21%	39.21%	39.21%	39.21%
	19.43%	22.25%	17.65%	11.26%	9.48%	6.45%	3.15%	2.89%	2.47%	2.47%	1.92%	0.25%
	6.42%	4.10%	4.77%	3.89%	3.75%	3.50%	3.46%	3.45%	3.45%	3.45%	3.45%	3.45%
	34.94%	34.44%	38.37%	45.64%	47.55%	50.84%	54.18%	54.45%	54.87%	54.87%	55.42%	57.09%
No. of Shareholders	2,19,000	2,84,413	3,09,016	3,40,407	3,41,798	3,39,422	3,35,474	3,35,292	3,25,778	3,26,769	3,34,260	3,48,006

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Jun 2021
	39.29%	39.23%	39.21%	39.21%	39.21%	39.21%
	25.32%	19.92%	17.65%	3.15%	1.92%	0.25%
	7.17%	9.52%	4.77%	3.46%	3.45%	3.45%
	28.21%	31.32%	38.37%	54.18%	55.42%	57.09%
No. of Shareholders	95,616	1,48,070	3,09,016	3,35,474	3,34,260	3,48,006

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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