Overview

Detailed Summary

Piramal Finance Limited is a diversified non-banking financial services company, part of the Piramal Group. Its core business revolves around retail lending, wholesale lending, and real estate financing.
The company has strategically shifted focus to retail lending, which now accounts for 82% of its total AUM, driven by substantial growth in housing loans, loans against property, and used car loans.
Piramal Finance has shown significant profitability and growth with a consolidated PAT increase from INR 383 crores to INR 1,004 crores over the past nine months, evidencing a stable and predictable business model.
Management remains confident in achieving a target of INR 1.5 lakh crore in AUM by FY28, backed by a strong retail presence and an AI-native operational approach.
Recent achievements include securing an AA+ rating from CRISIL, which is expected to reduce borrowing costs and improve access to capital markets.

Sector: Finance
Industry: NBFC-Others
Market Cap: 40,351 Cr
Volatility: Low Risk
P/E Ratio: 34.8
Industry P/E: 29.7
PEG Ratio: 0.5
P/B Ratio: 1.5
52W High: 1,955.00
52W Low: 1,235.15

Sales CAGR

1Y: 1.29%
3Y: 10.64%
5Y: -2.58%
10Y: 1.28%

Profit CAGR

1Y: 73.31%
3Y: -53.62%
5Y: —
10Y: -25.36%

ROE

TTM: 2.91%
3Y: -19.91%
5Y: -8.55%
10Y: -15.20%

ROCE

TTM: 6.46%
3Y: -2.70%
5Y: 1.22%
10Y: 3.61%

Technicals

‌

Forecasts

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
AIIL	500.75	42,504 Cr	11.70	2.61	0.03	24.66	18.84	18.10
PIRAMALFIN	1780.10	40,351 Cr	34.76	1.47	0.00	2.91	6.46	1.07
POONAWALLA	460.00	37,450 Cr	106.98	3.79	0.00	2.21	5.04	0.74
TATAINVEST	630.25	31,888 Cr	78.19	1.00	0.43	1.11	1.23	1.14
IIFL	509.00	21,724 Cr	16.89	1.67	0.00	6.62	8.57	1.90
JMFINANCIL	136.25	13,030 Cr	10.32	1.27	1.98	11.10	12.11	5.09
SBFC	95.58	10,467 Cr	30.34	3.27	0.00	10.82	10.38	4.02

Financial Statements

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Consolidated Quarterly Results (in ₹ Crores)

View Standalone

Total Figures

QoQ Changes

Total Figures

	Dec 2022	Mar 2023	Dec 2023	Mar 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Revenue	1,751	1,640	1,689	1,717	2,365	2,244	2,395	2,639	2,872	2,918
Expenses	1,570	954	716	2,759	936	1,195	1,187	919	922	983
Interest	834	848	928	999	1,305	1,161	1,210	1,492	1,567	1,646
Financing Profit	-653	-162	45	-2,041	124	-112	-1.69	229	382	289
Financing Margin %	-37.27	-9.88	2.66	-118.89	5.26	-5.01	-0.07	8.67	13.31	9.89
Other Income	6.76	-10,261	-1,868	228	121	18	118	129	11	96
Depreciation	22	37	38	45	55	47	49	57	144	57
Profit Before Tax	-668	-10,461	-1,862	-1,858	190	-141	68	301	249	328
Tax %	522.98	14.14	31.14	59.50	14.32	0.88	-13.24	8.19	-31.11	-22.30
Net Profit	2,824	-8,982	-1,282	-752	163	-140	77	276	327	401
EPS in Rs	—	—	—	—	—	—	—	—	14.26	17.50
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

	Jun 2019	Sep 2019	Dec 2019	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2025	Nov 2025	Dec 2025
Promoters	39.21%	39.21%	39.21%	39.21%	39.21%	39.21%	39.21%	39.21%	39.21%	46.39%	46.39%	46.35%
FIIs	11.26%	9.48%	6.45%	3.15%	2.89%	2.47%	2.47%	1.92%	0.25%	15.17%	15.17%	15.64%
DIIs	3.88%	3.75%	3.50%	3.46%	3.45%	3.45%	3.45%	3.45%	3.45%	14.54%	14.54%	16.32%
Public	45.64%	47.55%	50.84%	54.18%	54.45%	54.87%	54.87%	55.42%	57.09%	23.89%	23.89%	21.69%
Total Shareholders	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	2,09,529

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Projection

Documents

Presentations

Concalls

Reports

Presentations

Investor Presentation

Q3 FY26

Investor Presentation

Q2 FY26

Actions

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Announcements

Last 7 days

Newest

Sentiment

Credit Rating

16 hours ago

S&P Global upgrades Piramal Finance long‑term rating to BB (Stable); short‑term affirmed B

S&P Global upgraded Piramal Finance’s long‑term issuer credit rating from BB- (Stable) to BB (Stable) and affirmed the short‑term issuer rating at B, citing the company’s strong business, financial and risk profile.

Credit Rating

16 hours ago

S&P upgrades Piramal Finance long‑term issuer rating to BB/Stable

On 16 Feb 2026 S&P Global Ratings upgraded Piramal Finance's long‑term issuer credit rating from BB-/Stable to BB/Stable and affirmed the short‑term issuer rating at 'B', citing strong business, financial and risk profile.

Investor Presentation

19 hours ago

Piramal Finance — Investor Presentation & Analyst Meeting Intimation

Piramal Finance notified an analyst/investor meeting on 23 Feb 2026 and attached its Jan‑2026 investor presentation summarising Q3 FY26: AUM ₹96,690 Cr, PAT ₹401 Cr, capital adequacy 20.3%, AI strategy and FY28 AUM target ₹1.5L Cr.

Analyst/Investor Meet

19 hours ago

Analyst/Investor Meet & Investor Presentation — Kotak Conference (23 Feb 2026)

Piramal Finance intimates an Analyst/Institutional Investor meeting at Kotak Conference on 23 Feb 2026 in Mumbai and files the investor presentation covering Q3 FY26 results, AUM, strategy and financial metrics.

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Frequently Asked Questions about Piramal Finance Ltd

Piramal Finance Ltd (PIRAMALFIN) is currently trading at 1,795.00 per share. Stock prices fluctuate during market hours on NSE and BSE based on demand, company updates, and overall market conditions. Refer to the live price chart above for the most recent price movement.

Piramal Finance Limited is a diversified non-banking financial services company, part of the Piramal Group. Its core business revolves around retail lending, wholesale lending, and real estate financing. The company has strategically shifted focus to retail lending, which now accounts for 82% of its total AUM, driven by substantial growth in housing loans, loans against property, and used car loans. Piramal Finance has shown significant profitability and growth with a consolidated PAT increase from INR 383 crores to INR 1,004 crores over the past nine months, evidencing a stable and predictable business model. Management remains confident in achieving a target of INR 1.5 lakh crore in AUM by FY28, backed by a strong retail presence and an AI-native operational approach. Recent achievements include securing an AA+ rating from CRISIL, which is expected to reduce borrowing costs and improve access to capital markets.

Over the past 52 weeks, Piramal Finance Ltd has traded between a low of ₹1,235.15 and a high of ₹1,955.00. The 52-week high and low indicate the stock’s price range over the last year and help investors understand its volatility and recent trading levels.

Piramal Finance Ltd has a market capitalization of approximately 40,350.90. Market capitalization represents the total value of a company’s outstanding shares and helps investors understand its size, stability, and relative risk compared to other listed companies.

Piramal Finance Ltd’s investment profile depends on its business fundamentals, valuation, and long-term outlook. The stock currently trades at a PE ratio of 34.76 and operates in the Finance sector. Investors typically assess financial performance, growth prospects, and individual risk tolerance before making investment decisions.

Based on its market capitalization of 40,350.90 Cr, Piramal Finance Ltd is classified as a Mid Cap stock. Large-cap stocks are generally more stable, while mid-cap and small-cap stocks tend to offer higher growth potential along with higher price volatility.

Piramal Finance Ltd operates in the Finance sector. Sector classification matters because companies in the same sector are often affected by similar economic conditions, regulatory changes, and competitive dynamics, which can influence overall stock performance.

The Price-to-Earnings (PE) ratio of Piramal Finance Ltd is 34.76. The PE ratio compares a company’s share price to its earnings and is commonly used to assess valuation. Comparing the PE ratio with sector peers and historical levels provides better context.

The most significant announcement is the increased infrastructure capital expenditure of Rs. 12.2 lakh crore, which directly fuels demand for credit in Piramal's core wholesale and developer financing segments.

Piramal Finance Ltd

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