Piramal Enterprises Ltd

Piramal Enterp. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Piramal Enterprises Ltd

₹ 1,098 0.72%
26 Dec - close price
piramal.com BSE: 500302 NSE: PEL
About

Piramal Enterprises Limited (PEL) is one of India’s leading diversified non-banking financial companies (NBFC) with assets worth ~$10 billion, with a network of over 400 branches across 26 states/Union Territories, offering a wide range of financial products and solutions across retail and wholesale lending, fund-based platforms and investments.[1]

Key Points

Promoters
Piramal Enterprise is the holding company of the Piramal Group headed by the Chairman, Ajay Piramal. The promoter group has a presence in diversified businesses like financial services through Piramal Enterprise, pharma (CDMO, Critical Care, OTC) through Piramal Pharma Ltd (PPL), and real estate development and consulting (through a separate company). [1]

Website BSE NSE
  • Market Cap ₹ 24,784 Cr.
  • Current Price ₹ 1,098
  • High / Low ₹ 1,275 / 737
  • Stock P/E 29.0
  • Book Value ₹ 965
  • Dividend Yield 0.91 %
  • ROCE 5.29 %
  • ROE 3.50 %
  • Face Value ₹ 2.00
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Pros

  • Stock is trading at 1.14 times its book value
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 18.0% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 43.8%

Cons

  • Company has low interest coverage ratio.
  • Tax rate seems low
  • Company has a low return on equity of 6.04% over last 3 years.

* 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 & Investments

Part of BSE 250 SmallCap Index Nifty Smallcap 50 Nifty Smallcap 250 Nifty 500 Multicap 50:25:25 Nifty Dividend Opportunities 50

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
595 624 574 528 314 3,763 181 1,150 527 636 1,421 545 492
76 297 341 193 830 650 31 226 374 269 637 71 205
Operating Profit 519 327 232 335 -516 3,113 150 925 153 367 784 474 286
OPM % 87% 52% 40% 63% -164% 83% 83% 80% 29% 58% 55% 87% 58%
10 79 302 11,472 473 11 9 8 7 -1,614 1,325 23 63
Interest 338 207 168 230 150 165 167 201 151 188 205 197 202
Depreciation 6 6 6 6 7 8 2 2 3 2 665 4 4
Profit before tax 185 192 361 11,571 -200 2,951 -10 729 7 -1,437 1,238 296 143
Tax % 19% 12% 12% 0% -75% 2% 443% 21% 55% -26% 23% 23% 19%
150 169 316 11,549 -51 2,892 -57 577 3 -1,060 954 228 116
EPS in Rs 6.29 7.06 13.25 483.81 -2.12 121.16 -2.38 24.17 0.13 -47.16 42.44 10.11 5.13
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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
1,401 1,991 2,401 3,384 3,766 3,289 3,671 2,013 1,825 2,719 4,794 3,790 3,093
1,529 1,716 1,953 2,074 1,930 2,072 1,998 650 630 377 1,704 1,506 1,183
Operating Profit -128 275 448 1,310 1,836 1,217 1,673 1,363 1,195 2,341 3,091 2,285 1,911
OPM % -9% 14% 19% 39% 49% 37% 46% 68% 65% 86% 64% 60% 62%
378 244 594 540 357 637 -842 925 -3 135 11,865 -330 -202
Interest 420 813 307 787 1,178 990 1,497 1,710 1,069 1,243 712 745 792
Depreciation 78 76 89 80 94 112 131 42 33 22 23 673 676
Profit before tax -248 -370 646 984 920 753 -798 535 91 1,211 14,221 537 240
Tax % -7% 0% 42% -1% 16% 31% 9% 73% 56% 18% -1% 12%
-232 -370 373 996 777 518 -868 145 40 998 14,333 474 238
EPS in Rs -11.35 -18.14 18.27 48.81 38.08 25.39 -41.57 6.42 1.77 41.80 600.47 21.10 10.52
Dividend Payout % -130% -245% 93% 30% 47% 87% -60% 218% 1,865% 79% 5% 47%
Compounded Sales Growth
10 Years: 7%
5 Years: 1%
3 Years: 28%
TTM: -45%
Compounded Profit Growth
10 Years: 16%
5 Years: 18%
3 Years: 85%
TTM: -75%
Stock Price CAGR
10 Years: 9%
5 Years: 4%
3 Years: -9%
1 Year: 20%
Return on Equity
10 Years: 4%
5 Years: 4%
3 Years: 6%
Last Year: 4%

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 2023 Mar 2024 Sep 2024
Equity Capital 35 35 35 35 35 36 37 45 45 48 48 45 45
Reserves 10,521 9,093 11,412 12,766 14,388 21,301 19,455 22,583 23,139 24,038 23,987 21,547 21,721
4,646 5,893 3,862 13,560 10,255 14,600 17,488 10,618 6,693 8,379 8,715 7,871 7,596
1,141 1,908 1,124 757 797 795 1,009 1,230 821 866 354 343 378
Total Liabilities 16,342 16,929 16,433 27,117 25,475 36,732 37,988 34,476 30,698 33,331 33,104 29,806 29,740
773 780 756 954 1,075 1,807 1,824 1,789 1,389 1,434 1,365 737 762
CWIP 166 162 61 103 602 112 98 119 1 3 3 10 0
Investments 9,623 11,586 10,223 18,054 17,274 23,731 23,014 19,439 19,825 18,393 17,436 14,350 14,940
5,780 4,400 5,392 8,006 6,524 11,083 13,053 13,128 9,483 13,501 14,300 14,710 14,037
Total Assets 16,342 16,929 16,433 27,117 25,475 36,732 37,988 34,476 30,698 33,331 33,104 29,806 29,740

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
-1,752 -1,749 -3,369 -7,131 -6,348 -4,910 6,747 1,134 2,257 3,106 1,874 3,091
-791 1,668 6,771 -1,440 -2,424 -4,403 -9,329 1,887 2,679 -27 -988 167
2,552 87 -3,398 8,556 8,887 9,690 2,069 -4,544 -2,466 -3,011 -618 -3,735
Net Cash Flow 9 6 4 -15 115 376 -513 -1,523 2,470 68 268 -476

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 2023 Mar 2024
Debtor Days 63 47 50 44 48 55 61 119 31 20 0 0
Inventory Days 134 147 134 155 134 158 155 1,464 85
Days Payable 167 120 114 202 208 224 242 2,136 364
Cash Conversion Cycle 30 73 70 -4 -26 -12 -26 -552 -248 20 0 0
Working Capital Days 501 298 462 84 -112 -206 -519 -634 -36 43 220 213
ROCE % 1% 3% 4% 8% 8% 6% 5% 6% 4% 8% 10% 5%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
43.49% 43.49% 43.49% 43.48% 43.48% 43.48% 43.48% 46.20% 46.20% 46.20% 46.03% 46.30%
35.31% 35.03% 34.54% 32.05% 31.25% 28.67% 26.04% 19.69% 17.19% 16.97% 16.19% 14.93%
8.19% 8.44% 8.13% 7.85% 8.05% 9.59% 11.92% 12.06% 13.02% 13.19% 13.35% 14.94%
12.53% 12.65% 13.47% 16.10% 16.71% 17.75% 18.06% 21.56% 23.09% 23.14% 23.94% 23.42%
0.47% 0.39% 0.36% 0.50% 0.49% 0.49% 0.49% 0.50% 0.50% 0.49% 0.50% 0.41%
No. of Shareholders 1,53,9601,68,2511,84,2702,59,6352,65,2132,68,9462,82,9322,95,1093,14,9133,15,9453,10,8572,78,243

* 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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