Pilani Investment & Industries Corporation Ltd

Pilani Investment & Industries Corporation Ltd

₹ 6,213 -0.82%
22 Nov - close price
About

Pilani Investment and Industries Corporation Limited is registered as a non-deposit-taking NBFC with the Reserve Bank of India. It functions as a core investment company with main activity being investment in shares and securities of the Birla group companies and providing finance to them. [1]

Key Points

Investments
The Co holds investments in Equity Shares of various companies like Century Textiles and Industries Limited, Grasim Industries Limited, Hindalco Industries Limited, UltraTech Cement Limited, Vodafone Idea Limited, Kesoram Industries Limited, etc. [1] Total investments stood at Rs. ~9400 crores as of March 2023. [2]

  • Market Cap 6,879 Cr.
  • Current Price 6,213
  • High / Low 8,266 / 0.00
  • Stock P/E 37.7
  • Book Value 14,645
  • Dividend Yield 0.24 %
  • ROCE 2.29 %
  • ROE 1.40 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Stock is trading at 0.42 times its book value

Cons

  • Company has a low return on equity of 1.52% over last 3 years.
  • Dividend payout has been low at 10.3% of profits 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.

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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
101 52 53 60 126 52 54 55 124 62 63 62 141
1 1 4 2 1 1 3 2 2 5 1 2 2
Operating Profit 100 51 49 58 125 51 51 53 122 57 62 60 139
OPM % 99% 98% 93% 97% 99% 97% 95% 97% 98% 92% 98% 97% 99%
0 0 0 0 0 0 1 0 0 0 0 0 2
Interest 15 13 14 17 19 13 16 16 17 19 22 20 20
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax 85 37 35 41 106 38 36 36 105 38 40 40 121
Tax % 20% 25% 26% 26% 25% 13% 26% 25% 21% 27% 25% 25% 21%
68 28 26 30 80 33 27 27 82 28 30 30 95
EPS in Rs 61.09 25.41 23.17 27.23 72.06 29.94 24.11 24.56 74.30 25.13 26.90 26.96 85.73
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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
197 64 51 47 53 48 49 153 209 260 292 303 326
2 3 6 6 4 4 3 11 7 7 7 10 9
Operating Profit 194 61 44 40 49 44 45 142 202 253 286 293 317
OPM % 99% 96% 87% 87% 93% 92% 93% 93% 97% 97% 98% 97% 97%
0 3 0 0 0 0 0 0 1 0 1 0 2
Interest 0 0 0 0 0 0 19 43 52 59 65 74 80
Depreciation 0 0 0 0 1 1 0 0 0 0 0 0 0
Profit before tax 194 64 44 40 49 44 26 99 150 194 221 219 238
Tax % 18% 6% 4% 3% 5% 6% -29% 18% 22% 23% 23% 24%
159 60 42 39 46 41 33 81 117 149 170 167 182
EPS in Rs 143.19 54.03 38.22 35.05 41.40 37.03 30.08 73.05 106.03 134.80 153.34 150.89 164.72
Dividend Payout % 12% 33% 47% 51% 43% 48% 59% 24% 14% 11% 10% 10%
Compounded Sales Growth
10 Years: 17%
5 Years: 44%
3 Years: 13%
TTM: 14%
Compounded Profit Growth
10 Years: 11%
5 Years: 38%
3 Years: 12%
TTM: 8%
Stock Price CAGR
10 Years: %
5 Years: 37%
3 Years: 47%
1 Year: 124%
Return on Equity
10 Years: 2%
5 Years: 2%
3 Years: 2%
Last Year: 1%

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 8 8 8 8 8 8 8 8 11 11 11 11 11
Reserves 800 836 855 870 916 5,179 4,408 4,352 9,067 10,234 10,253 13,648 16,205
0 0 0 0 0 0 245 420 810 1,066 736 949 975
25 26 27 29 3 7 16 107 382 534 503 885 1,563
Total Liabilities 832 870 890 907 927 5,194 4,677 4,887 10,270 11,846 11,503 15,493 18,754
0 0 0 0 0 2 2 2 2 1 1 1 1
CWIP 0 0 0 0 0 0 0 0 0 0 0 0 0
Investments 720 794 808 886 915 5,184 4,665 3,430 8,224 9,515 9,366 13,064 16,390
113 76 81 20 11 8 9 1,455 2,044 2,329 2,136 2,427 2,363
Total Assets 832 870 890 907 927 5,194 4,677 4,887 10,270 11,846 11,503 15,493 18,754

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
23 28 26 26 16 40 36 -1,360 -431 -97 431 -13
-0 1 -5 -6 8 -16 -238 1,256 110 -80 -22 -109
-23 -23 -23 -24 -24 -24 202 108 318 181 -412 122
Net Cash Flow -0 6 -2 -4 -0 -0 0 3 -3 4 -3 -0

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 1 2 4 3 2 2 4 2 1 0 1 0
Inventory Days
Days Payable
Cash Conversion Cycle 1 2 4 3 2 2 4 2 1 0 1 0
Working Capital Days 143 198 271 -214 -15 8 -109 -162 -7 -7 -7 -6
ROCE % 26% 8% 5% 5% 5% 1% 1% 3% 3% 2% 3% 2%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
57.55% 57.55% 57.55% 57.55% 57.55% 57.55% 57.55% 57.55% 57.55% 57.55% 57.55% 57.55%
0.36% 0.38% 0.50% 0.54% 0.54% 0.53% 0.53% 0.53% 0.50% 0.47% 0.45% 0.56%
0.25% 0.25% 0.24% 0.25% 0.25% 0.25% 0.25% 0.26% 0.25% 0.25% 0.25% 0.39%
41.84% 41.82% 41.71% 41.66% 41.66% 41.67% 41.67% 41.65% 41.70% 41.74% 41.75% 41.51%
No. of Shareholders 13,22313,70913,35213,37312,83612,58812,16713,62613,11613,41513,89714,797

* 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.

Click on the line-items to see the names of individual entities.

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