Piramal Finance Ltd

PIRAMALFIN

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Market Cap

₹ 34,487 Cr

P/E

55.57

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Performance

MARKET LEADER

Valuation

REASONABLE

Growth

SLUGGISH

Profitability

MODERATE MARGIN

Technicals

Neutral

Risk

HIGH RISK

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Price

PE Ratio

Price

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Overview

Detailed Summary

Piramal Finance Limited is a major diversified non-banking financial services provider, operating across retail and wholesale lending, alternatives, and insurance. Recently, Piramal Finance has capitalized on AI technology to significantly enhance operational efficiency and customer satisfaction through various AI-driven applications. The company's recent merger with Piramal Enterprises Limited underscores a strategic expansion aimed at consolidating its market presence and capabilities. Marking a major transformation, Piramal Finance has shifted from a legacy wholesale model to a predominantly retail-led business strategy. Demonstrating strong financial health, Piramal Finance reported a 101% year-on-year increase in its consolidated net profit for Q2 FY26—an indicator of its successful growth strategy.

Sector

Finance

Industry

NBFC-Others

Market Cap

34,487 Cr

Volatility

Low Risk

P/E Ratio

55.6

Industry P/E

34.5

PEG Ratio

0.8

P/B Ratio

1.3

52W High

1,785.00

52W Low

1,235.15

Sales CAGR

1.29%

10.64%

-2.58%

10Y

1.28%

Profit CAGR

73.31%

-53.62%

—

10Y

-25.36%

ROE

TTM

2.26%

-19.91%

-8.55%

10Y

-15.20%

ROCE

TTM

6.02%

-2.70%

1.22%

10Y

3.61%

Technicals

Oscillators

BearishNeutralBullish

Neutral

Bearish

Neutral

Bullish

Overall

BearishNeutralBullish

Neutral

Bearish

Neutral

Bullish

Moving Averages

BearishNeutralBullish

Neutral

Bearish

Neutral

Bullish

Overall

BearishNeutralBullish

Neutral

Bearish

Neutral

Bullish

Forecasts

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
AIIL	2691.40	45,603 Cr	11.37	2.80	0.03	24.66	18.84	19.99
TATAINVEST	724.30	36,646 Cr	104.22	1.15	0.37	1.11	1.23	0.98
POONAWALLA	444.00	36,006 Cr	165.34	3.65	0.00	2.21	5.04	0.46
PIRAMALFIN	1518.30	34,487 Cr	55.57	1.26	0.00	2.26	6.02	0.53
IIFL	576.00	24,463 Cr	28.51	1.89	0.00	6.62	8.57	1.35
JMFINANCIL	145.95	13,958 Cr	12.22	1.36	1.85	11.10	12.11	4.70
SBFC	105.10	11,524 Cr	33.37	3.60	0.00	10.82	10.38	4.02

Financial Statements

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Consolidated Quarterly Results (in ₹ Crores)

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Total Figures

QoQ Changes

Total Figures

	Jun 2022	Dec 2022	Mar 2023	Dec 2023	Mar 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Revenue	1,672	1,751	1,640	1,689	1,717	2,365	2,244	2,395	2,639	2,872
Expenses	366	1,570	954	716	2,759	936	1,195	1,187	919	922
Interest	890	834	848	928	999	1,305	1,161	1,210	1,492	1,567
Financing Profit	415	-653	-162	45	-2,041	124	-112	-1.69	229	382
Financing Margin %	24.84	-37.27	-9.88	2.66	-118.89	5.26	-5.01	-0.07	8.67	13.31
Other Income	95	6.76	-10,261	-1,868	228	121	18	118	129	11
Depreciation	18	22	37	38	45	55	47	49	57	144
Profit Before Tax	492	-668	-10,461	-1,862	-1,858	190	-141	68	301	249
Tax %	24.90	522.98	14.14	31.14	59.50	14.32	0.88	-13.24	8.19	-31.11
Net Profit	370	2,824	-8,982	-1,282	-752	163	-140	77	276	327
EPS in Rs	—	—	—	—	—	—	—	—	—	14.26
Gross NPA %	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net NPA %	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Consolidated Profit Loss (in ₹ Crores)

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Total Figures

YoY Changes

Total Figures

	Mar 2012	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2022	Mar 2023	Mar 2024
Revenue	3,212	6,420	7,835	9,610	10,849	12,882	9,558	6,039	6,606	6,703
Expenses	374	969	1,197	1,477	1,414	4,548	21,826	1,859	5,660	4,844
Interest	2,350	4,460	5,492	6,674	7,744	9,417	5,736	3,337	3,470	3,659
Financing Profit	489	990	1,146	1,459	1,691	-1,082	-18,004	843	-2,523	-1,800
Financing Margin %	15.21	15.43	14.62	15.18	15.59	-8.40	-188.37	13.96	-38.19	-26.85
Other Income	4.41	2.72	5.05	5.74	42	30	21	81	84	-5.81
Depreciation	7.39	27	30	43	28	51	79	52	97	152
Profit Before Tax	486	966	1,121	1,421	1,706	-1,104	-18,063	871	-2,537	-1,958
Tax %	26.85	33.61	33.61	33.78	27.03	10.88	25.66	21.61	212.57	83.78
Net Profit	355	641	744	2,796	1,245	-984	-13,427	540	-7,401	-1,975
EPS in Rs	—	—	—	—	—	-41.43	-572.21	—	—	—
Dividend Payout %	0.00	24.59	33.71	4.33	13.71	0.00	0.00	0.00	0.00	0.00

Consolidated Balance Sheet (in ₹ Crores)

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Total Figures

YoY Changes

Total Figures

	Mar 2012	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2022	Mar 2023	Mar 2024
Equity Capital	117	146	292	313	314	314	314	21,365	21,365	23,365
Reserves	1,905	4,836	5,098	7,417	8,684	7,624	-5,860	823	-6,584	-8,470
Borrowings	21,759	40,509	51,556	71,269	91,979	96,812	90,412	46,416	41,233	45,680
Other Liabilities	3,976	9,939	12,299	13,290	5,367	1,853	964	11,036	6,253	5,283
Total Liabilities	27,757	55,429	69,245	92,290	1,06,344	1,06,602	85,830	79,640	62,266	65,858
Fixed Assets	423	191	508	211	850	865	920	10,820	641	808
CWIP	182	810	590	634	129	104	105	12	3.53	10
Investments	0.00	0.00	0.00	0.00	8,120	2,498	3,881	13,851	12,966	8,307
Other Assets	27,151	54,428	68,146	91,446	97,245	1,03,135	80,924	54,956	48,656	56,733
Total Assets	27,757	55,429	69,245	92,290	1,06,344	1,06,602	85,830	79,640	62,266	65,858

Consolidated Cash Flows (in ₹ Crores)

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Total Figures

YoY Changes

Total Figures

	Mar 2012	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity	523	-12,272	-12,582	-15,593	-18,136	-8,735	12,576	8,661	6,723	-1,928
Cash from Investing Activity	470	-866	24	-10,930	6,091	6,135	644	764	72	-816
Cash from Financing Activity	-1,647	12,643	15,416	26,289	11,173	1,937	-7,631	-8,366	-9,487	2,773
Net Cash Flow	-654	-496	2,858	-234	-872	-663	5,589	1,060	-2,691	29

Shareholdings

Shareholding History

Quarterly

Yearly

Quarterly

	Mar 2019	Jun 2019	Sep 2019	Dec 2019	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2025	Nov 2025
Promoters	39.21%	39.21%	39.21%	39.21%	39.21%	39.21%	39.21%	39.21%	39.21%	39.21%	46.39%	46.39%
FIIs	17.65%	11.26%	9.48%	6.45%	3.15%	2.89%	2.47%	2.47%	1.92%	0.25%	15.17%	15.17%
DIIs	4.77%	3.88%	3.75%	3.50%	3.46%	3.45%	3.45%	3.45%	3.45%	3.45%	14.54%	14.54%
Public	38.37%	45.64%	47.55%	50.84%	54.18%	54.45%	54.87%	54.87%	55.42%	57.09%	23.89%	23.89%
Total Shareholders	3,09,016	3,40,407	3,41,798	3,39,422	3,35,474	3,35,292	3,25,778	3,26,772	3,34,260	3,48,006	2,31,564	2,31,564

Projection

Actions

Action Type

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Announcements

Last 7 days

Newest

Sentiment

Investor Presentation

1 day ago

Investor Presentation Announcement

Piramal Finance Limited has announced an investor presentation scheduled for December 17, 2025, under SEBI Listing Regulations, highlighting key aspects of their business performance and strategy.

Investor Presentation

4 days ago

Investor Presentation Notification

Piramal Finance Limited has announced an investor presentation scheduled for 15th December, 2025, under the SEBI Listing Regulations.

Analyst/Investor Meet

4 days ago

Analyst/Investor Meeting Scheduled

Piramal Finance Limited has scheduled an Analyst/Institutional Investor Meeting on December 17, 2025, under the SEBI Listing Regulations.

Regulatory Filing

5 days ago

Piramal Finance Receives Approval for NCD Coupon Rate Modification

Piramal Finance Limited has obtained in-principle approval from stock exchanges to modify the coupon rate for specific non-convertible debentures.

Documents

Presentations

Concalls

Reports

Presentations

Investor Presentation

Q2 FY26

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Financial Statements

AI Powered Summary

Discover detailed, AI-driven financial summaries that break down key metrics, trends, and insights—empowering you to make smarter investment decisions.

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Consolidated Quarterly Results (in ₹ Crores)

View Standalone

Total Figures

QoQ Changes

Total Figures

	Jun 2022	Dec 2022	Mar 2023	Dec 2023	Mar 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Revenue	1,672	1,751	1,640	1,689	1,717	2,365	2,244	2,395	2,639	2,872
Expenses	366	1,570	954	716	2,759	936	1,195	1,187	919	922
Interest	890	834	848	928	999	1,305	1,161	1,210	1,492	1,567
Financing Profit	415	-653	-162	45	-2,041	124	-112	-1.69	229	382
Financing Margin %	24.84	-37.27	-9.88	2.66	-118.89	5.26	-5.01	-0.07	8.67	13.31
Other Income	95	6.76	-10,261	-1,868	228	121	18	118	129	11
Depreciation	18	22	37	38	45	55	47	49	57	144
Profit Before Tax	492	-668	-10,461	-1,862	-1,858	190	-141	68	301	249
Tax %	24.90	522.98	14.14	31.14	59.50	14.32	0.88	-13.24	8.19	-31.11
Net Profit	370	2,824	-8,982	-1,282	-752	163	-140	77	276	327
EPS in Rs	—	—	—	—	—	—	—	—	—	14.26
Gross NPA %	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net NPA %	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Consolidated Profit Loss (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2012	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2022	Mar 2023	Mar 2024
Revenue	3,212	6,420	7,835	9,610	10,849	12,882	9,558	6,039	6,606	6,703
Expenses	374	969	1,197	1,477	1,414	4,548	21,826	1,859	5,660	4,844
Interest	2,350	4,460	5,492	6,674	7,744	9,417	5,736	3,337	3,470	3,659
Financing Profit	489	990	1,146	1,459	1,691	-1,082	-18,004	843	-2,523	-1,800
Financing Margin %	15.21	15.43	14.62	15.18	15.59	-8.40	-188.37	13.96	-38.19	-26.85
Other Income	4.41	2.72	5.05	5.74	42	30	21	81	84	-5.81
Depreciation	7.39	27	30	43	28	51	79	52	97	152
Profit Before Tax	486	966	1,121	1,421	1,706	-1,104	-18,063	871	-2,537	-1,958
Tax %	26.85	33.61	33.61	33.78	27.03	10.88	25.66	21.61	212.57	83.78
Net Profit	355	641	744	2,796	1,245	-984	-13,427	540	-7,401	-1,975
EPS in Rs	—	—	—	—	—	-41.43	-572.21	—	—	—
Dividend Payout %	0.00	24.59	33.71	4.33	13.71	0.00	0.00	0.00	0.00	0.00

Consolidated Balance Sheet (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2012	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2022	Mar 2023	Mar 2024
Equity Capital	117	146	292	313	314	314	314	21,365	21,365	23,365
Reserves	1,905	4,836	5,098	7,417	8,684	7,624	-5,860	823	-6,584	-8,470
Borrowings	21,759	40,509	51,556	71,269	91,979	96,812	90,412	46,416	41,233	45,680
Other Liabilities	3,976	9,939	12,299	13,290	5,367	1,853	964	11,036	6,253	5,283
Total Liabilities	27,757	55,429	69,245	92,290	1,06,344	1,06,602	85,830	79,640	62,266	65,858
Fixed Assets	423	191	508	211	850	865	920	10,820	641	808
CWIP	182	810	590	634	129	104	105	12	3.53	10
Investments	0.00	0.00	0.00	0.00	8,120	2,498	3,881	13,851	12,966	8,307
Other Assets	27,151	54,428	68,146	91,446	97,245	1,03,135	80,924	54,956	48,656	56,733
Total Assets	27,757	55,429	69,245	92,290	1,06,344	1,06,602	85,830	79,640	62,266	65,858

Consolidated Cash Flows (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2012	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity	523	-12,272	-12,582	-15,593	-18,136	-8,735	12,576	8,661	6,723	-1,928
Cash from Investing Activity	470	-866	24	-10,930	6,091	6,135	644	764	72	-816
Cash from Financing Activity	-1,647	12,643	15,416	26,289	11,173	1,937	-7,631	-8,366	-9,487	2,773
Net Cash Flow	-654	-496	2,858	-234	-872	-663	5,589	1,060	-2,691	29