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 34.9
  • Book Value 15,532
  • Dividend Yield 0.24 %
  • ROCE 2.01 %
  • ROE 1.29 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Stock is trading at 0.40 times its book value

Cons

  • Company has a low return on equity of 1.78% 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

Consolidated Figures in Rs. Crores / View Standalone

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
98 52 53 60 112 52 54 55 107 62 63 62 123
1 1 4 2 1 1 3 2 2 5 1 2 2
Operating Profit 97 51 49 58 111 51 51 53 104 57 62 60 121
OPM % 99% 98% 93% 97% 99% 97% 95% 96% 98% 92% 98% 97% 98%
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 82 37 35 41 92 38 37 36 87 38 40 40 103
Tax % 21% 25% 26% 26% 29% 13% 26% 25% 26% 27% 25% 25% 25%
79 33 54 45 89 36 75 25 54 56 31 33 78
EPS in Rs 71.46 29.69 49.14 41.07 80.68 32.56 67.81 22.85 48.95 50.14 28.40 29.36 70.18
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
178 45 32 28 35 30 25 126 199 258 279 286 310
2 3 6 6 4 4 3 11 7 7 7 10 10
Operating Profit 175 43 26 22 31 26 22 115 191 250 272 276 300
OPM % 99% 94% 80% 78% 90% 87% 87% 91% 96% 97% 98% 96% 97%
0 3 0 0 0 -2 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 175 45 26 22 30 23 3 72 140 191 208 202 221
Tax % 20% 8% 7% 6% 9% 12% -294% 25% 24% 24% 25% 26%
128 -61 -35 10 43 20 2,017 175 97 201 246 166 197
EPS in Rs 114.93 -55.12 -31.52 8.79 38.50 120.69 1,817.32 157.61 87.30 181.91 222.11 150.34 178.08
Dividend Payout % 16% -32% -57% 203% 46% 15% 1% 11% 17% 8% 7% 10%
Compounded Sales Growth
10 Years: 20%
5 Years: 63%
3 Years: 13%
TTM: 16%
Compounded Profit Growth
10 Years: 17%
5 Years: -39%
3 Years: 20%
TTM: 3%
Stock Price CAGR
10 Years: %
5 Years: 37%
3 Years: 47%
1 Year: 124%
Return on Equity
10 Years: 5%
5 Years: 2%
3 Years: 2%
Last Year: 1%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 1,339 1,252 1,190 1,172 1,211 5,875 5,100 5,103 9,838 11,091 11,158 14,596 17,187
2 2 2 2 2 0 245 420 810 1,066 736 949 975
25 26 27 29 3 14 22 115 391 542 511 893 1,573
Total Liabilities 1,374 1,288 1,226 1,211 1,224 5,897 5,375 5,646 11,050 12,711 12,416 16,449 19,745
3 3 3 3 3 5 5 5 4 4 4 4 4
CWIP 0 0 0 0 0 0 0 0 0 0 0 0 0
Investments 1,263 1,213 1,146 1,191 1,212 5,886 5,363 4,186 9,001 10,376 10,274 14,015 17,375
108 72 78 17 9 6 7 1,455 2,045 2,331 2,138 2,430 2,367
Total Assets 1,374 1,288 1,226 1,211 1,224 5,897 5,375 5,646 11,050 12,711 12,416 16,449 19,745

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

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 19 17 -1,388 -442 -100 417 -31
-0 1 -5 -6 8 3 -214 1,283 121 -76 -8 -91
-23 -23 -23 -24 -24 -21 198 108 318 181 -412 122
Net Cash Flow -0 6 -2 -3 -0 -0 0 4 -3 4 -3 -0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 3 6 6 3 3 8 2 1 0 1 0
Inventory Days
Days Payable
Cash Conversion Cycle 1 3 6 6 3 3 8 2 1 0 1 0
Working Capital Days 159 279 424 -351 -20 -48 -294 36 -18 -15 -15 -13
ROCE % 14% 3% 2% 2% 3% 1% 0% 2% 2% 2% 2% 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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