PIRAMALFIN

Piramal Finance Limited

2026-10-22 NSE BSE 20% Result 19 Oct

Price

1,952

-3.32%
O:2019
H:2019
L:1900
C:1952

52W Range

12602326.4
+55%/-16%

Market Cap

₹46,190.24 Cr

Traded: ₹137.56 Cr (0.30%) 0.0x

Free Float: ₹7,644.48 Cr (1.80% of FF traded)

Volume · 60D trend

7.09 L 0.0x

Delivery: % 0.0x

View Delivery Data

Returns

1W:+0% 1M:-4% 3M:-8% 6M:-2% 12M:+9%

RS Score

SEEM
NOUS
BNF
SMA Score

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Valuation

P/E23.6
P/B1.5
P/S3.5
EV/EBIT65038360.1

Business Strength

ROE0.9%
ROCE6.5%
OPM59.7%
NPM12.7%

Growth (3Y CAGR)

EPS+34826.3%
Sales+21.0%
Profit-56.0%
3Y Return--

Balance Sheet

Debt/Equity2.6
Debt79,989 Cr
Pledge0.0%
CWIP/Fixed Asset0.0%

Cash Position

CFO/NP-1055.3%
FCF-15,949 Cr
FCF 3Y Avg-26,258 Cr
Cash/MCap13.0%

Others

Div Yield0.6%
Div Payout17.0%
Cash Conv. Cycle0 days
Tradeable Free Float16.5%
PIRAMALFIN1,952 -3.32% NSEBSE20% 19 Oct
NOUS
BNF
MCap46.2K Cr
Vol7.09 L
RVol
Del%
TVal137.56 Cr
RS
SEEM

MTF Exposure Trend

60 sessions · funded amount, % of FF, daily delta

Current
₹ 34.38 Cr
0.45% FF
60d high
₹ 64.10 Cr
60d low
₹ 23.45 Cr
60d mean
₹ 39.36 Cr
vs mean
▼ 12.66%

Growth Trends

Metric10Y5Y3Y1YTTMTrend
Sales
+4.0%
+6.0%
+21.0%
--
+19.0%
Stable
ROE
--
+5.0%
+1.0%
--
--
Decelerating
Return
+19.0%
--
--
--
--
--
Profit
-11.0%
+15.0%
-56.0%
--
-30.0%
Stable

Quarterly Results

Sep 2026

19 Oct
Rev
▲3.7K Cr
+27% YoY--
OPM65.0%
NPM--
PAT
+32% YoY▲545 Cr
EPS
--▲22.8

Jun 2026

16 Jul
Rev
▼3.4K Cr
+27% YoY-2% QoQ
OPM62.0%
NPM13.7%
PAT
+66% YoY▼461 Cr
EPS
+18391% YoY▼20.3

Mar 2026

27 Apr
Rev
▲3.4K Cr
+20% YoY+17% QoQ
OPM42.0%
NPM14.7%
PAT
-901% YoY▲502 Cr
EPS
+55250% YoY▲22.1

Dec 2025

23 Jan
Rev
▲2.9K Cr
+3% YoY+2% QoQ
OPM66.0%
NPM13.7%
PAT
+940% YoY▲401 Cr
EPS
+88350% YoY▲17.7

Sep 2025

PDF
Rev
▲2.9K Cr
+21% YoY+9% QoQ
OPM68.0%
NPM11.4%
PAT
+150% YoY▲327 Cr
EPS
+20500% YoY▲14.4

Jun 2025

Rev
▼2.6K Cr
---8% QoQ
OPM65.0%
NPM10.5%
PAT
--▲276 Cr
EPS
--▲0.1

Mar 2025

Rev
▲2.9K Cr
+66% YoY+1% QoQ
OPM46.0%
NPM3.6%
PAT
+111% YoY▲102 Cr
EPS
+113% YoY▲0.0

Dec 2024

Rev
▲2.8K Cr
+67% YoY+19% QoQ
OPM51.0%
NPM1.4%
PAT
-93% YoY▼39 Cr
EPS
+103% YoY▼0.0

Sep 2024

Rev
▲2.4K Cr
--+38% QoQ
OPM60.0%
NPM6.9%
PAT
--▲163 Cr
EPS
--▲0.1

Mar 2024

Rev
▲1.7K Cr
+5% YoY+2% QoQ
OPM-62.0%
NPM-43.8%
PAT
-175% YoY▲-752 Cr
EPS
+92% YoY▲-0.3

Dec 2023

Rev
▲1.7K Cr
-4% YoY+3% QoQ
OPM57.0%
NPM-75.9%
PAT
-79% YoY▲-1.3K Cr
EPS
-145% YoY▲-0.6

Mar 2023

Rev
▼1.6K Cr
---6% QoQ
OPM41.0%
NPM-547.7%
PAT
--▼-9.0K Cr
EPS
--▼-4.2

Dec 2022

Rev
▲1.8K Cr
--+5% QoQ
OPM10.0%
NPM161.3%
PAT
--▲2.8K Cr
EPS
--▲1.3

Jun 2022

Rev
▼1.7K Cr
-16% YoY-16% QoQ
OPM78.0%
NPM22.1%
PAT
+18% YoY▲370 Cr
EPS
-98% YoY▼0.2

Jun 2021

Rev
▼2.0K Cr
---2% QoQ
OPM26.0%
NPM15.7%
PAT
+349% YoY▲314 Cr
EPS
--▲10.0

Mar 2021

Rev
2.0K Cr
----
OPM14.0%
NPM4.8%
PAT
+101% YoY97 Cr
EPS
--3.1

Revenue & Margin Trends

Annual

Quarterly

Balance Sheet Health

Leverage

Debt / Equity2.77
Interest Coverage-3.8x
Promoter Pledge0.0%
Borrowings85.8K Cr

Efficiency

Receivable Days0 days
Inventory Days days
Payable Days days
Cash Conversion cycle0 days

Cash Position

Operating Cash Flow-15.9K Cr
Investing Cash Flow2.6K Cr
Financing Cash Flow12.4K Cr
Free Cash Flow-15.9K Cr

Detailed Financials

Sep 2026PDF ↗
Jun 2026PDF ↗
Mar 2026PDF ↗
Dec 2025PDF ↗
Sep 2025PDF ↗
Jun 2025
Mar 2025
Dec 2024
Sep 2024
Mar 2024
Dec 2023
Mar 2023
Dec 2022
Jun 2022
Jun 2021
Mar 2021
Sales3,6593,3563,4242,9182,8722,6392,8542,8252,3651,7171,6891,6401,7511,6722,0012,035
Expenses1,2901,2831,9789839229191,5371,3749362,7807299661,5703661,4871,755
Operating Profit2,3692,0731,4461,9351,9491,7211,3171,4511,429-1,0639606741811,306514280
Other Income951601,377961112926958121249-1,855-10,250795126
Interest1,8251,7341,6741,6461,5671,4921,4171,3641,3059999288488348904851
Depreciation5856645571445753545545383722181920
Profit Before Tax58044350532824930111691190-1,858-1,862-10,461-668492448234
Tax %6.0%-4.0%1.0%-22.0%-31.0%8.0%12.0%57.0%14.0%-60.0%-31.0%-14.0%-523.0%25.0%30.0%59.0%
Net Profit54546150240132727610239163-752-1,282-8,9822,82437031497
Exceptional Items001,3260-810000205-1,863-10,2570000
EPS (Rs)22.820.322.117.714.40.10.00.00.1-0.3-0.6-4.21.30.210.03.1
Sales Growth (YoY)27.4%27.1%20.0%3.3%21.4%--66.2%67.2%--4.6%-3.6%-----16.4%----
Sales Growth (QoQ)---1.6%17.3%1.6%8.8%-7.5%1.0%19.4%37.7%1.7%3.0%-6.3%4.7%-16.4%-1.7%--
OP Growth (YoY)21.5%20.5%9.8%33.4%36.4%--223.9%51.1%---257.7%430.4%----154.1%----
OP Growth (QoQ)14.3%43.4%-25.3%-0.7%13.2%30.7%-9.2%1.5%---210.7%--272.4%----83.6%--
Profit Growth (YoY)32.0%66.0%-901.0%940.0%150.0%--111.0%-93.0%---175.0%-79.0%----18.0%349.0%101.0%
EPS Growth (YoY)--18390.9%55250.0%88350.0%20500.0%--112.5%103.3%--92.4%-145.4%-----98.3%----
EPS Growth (QoQ)---8.1%25.2%22.7%13009.1%175.0%100.0%-71.4%121.9%46.7%85.7%-418.2%676.5%-98.3%225.3%--
OP Margin--61.5%42.2%66.3%67.9%65.2%46.1%51.4%60.4%-61.9%56.8%41.1%10.3%78.1%25.7%13.8%
Net Margin--13.7%14.7%13.7%11.4%10.5%3.6%1.4%6.9%-43.8%-75.9%-547.7%161.3%22.1%15.7%4.8%
Material Cost %--------------------------------
Employee Cost %14.2%15.0%12.6%16.3%15.8%17.1%14.2%15.0%17.5%16.6%17.7%15.8%12.5%7.6%2.5%2.3%
P/S3.463.664.153.86------------------------
P/E23.5626.1339.9257.22------------------------
P/B1.491.641.751.52------------------------

Shareholding Pattern

Shareholders:1.9L (-37.4%)
Current MixSep 2026

Exchange Filings

50
Company Update19 Oct 2026

Audio recording of Conference call on the Unaudited Financial Results (Standalone and Consolidated) for the quarter and half year ended 30th September 2026

Company Update19 Oct 2026

Amendment to Trust Deed of PFL Employee ESOP Trust

Company Update19 Oct 2026

Press Release dated 19th October 2026, titled "Piramal Finance reports PAT of Rs. 545 crore in Q2 FY2027, up 67% yoy"

Company Update19 Oct 2026

Investor Presentation on the Financial Results for the quarter and half year ended 30th September 2026

Company Update19 Oct 2026

Change of Registrar and Share Transfer Agent for listed equity shares of the Company

Result19 Oct 2026

Unaudited Financial Results (Standalone and Consolidated) of the Company for the Quarter and Half year ended 30th September 2026

Company Update19 Oct 2026

Appointment of Mr. Dinesh Khara as Non-Executive Independent Director of the Company w.e.f. 19th October 2026, subject to shareholders approval

Board Meeting19 Oct 2026

Outcome of the Board Meeting held on 19th October, 2026 - Approval of Unaudited Financial Results for the quarter and half year ended 30th September, 2026

Company Update14 Oct 2026

Intimation of Conference Call in respect of financial results for the quarter and half year ended 30th September 2026 - Revised

Company Update13 Oct 2026

Intimation regarding investor presentation - Debt Investors Roadshow (NDR)

Company Update12 Oct 2026

Intimation of Conference Call in respect of financial results for the quarter and half year ended 30th September 2026

Board Meeting12 Oct 2026

Piramal Finance Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 19/10/2026 ,inter alia, to consider and approve Unaudited Financial Results ....

Company Update08 Oct 2026

Schedule of Analyst / Institutional Investors Meeting

Company Update08 Oct 2026

Intimation regarding allotment of 52,500 Non-Convertible Debentures on Private Placement basis at the Committee Meeting held on 8th October 2026

Insider Trading / SAST07 Oct 2026

The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Nithaym Realty Pvt Ltd

Company Update05 Oct 2026

Allotment of 8294000 warrants on a preferential basis to Promoter Group entity.

Company Update30 Sept 2026

Change in Senior Management Personnel

Company Update23 Sept 2026

Investor Presentation

Company Update23 Sept 2026

Intimation of Schedule of Analyst/Investor Meeting under SEBI Listing Regulations - Middle East Roadshow (NDR)

Company Update21 Sept 2026

Intimation of Schedule of Analyst/Investor Meeting under SEBI Listing Regulations - Nuvama Emerging India CEO Forum

Company Update21 Sept 2026

Investor Presentation

Company Update21 Sept 2026

Intimation regarding allotment of 1,10,000 Non-Convertible Debentures on Private Placement basis at the Committee Meeting held on 21st September 2026

AGM/EGM19 Sept 2026

Voting Results and Scrutinizer''s Report on the Extraordinary General Meeting held on Saturday, September 19, 2026

AGM/EGM19 Sept 2026

Summary of the proceedings of the Extraordinary General Meeting held on Saturday, September 19, 2026

Company Update18 Sept 2026

Intimation of Schedule of Analyst/Investor Meeting under SEBI Listing Regulations - JP Morgan India Financials Tour

Company Update18 Sept 2026

Investor Presentation

Company Update16 Sept 2026

Intimation of Schedule of Analyst/Investor Meeting under SEBI Listing Regulations - Group Investor Meeting

Company Update16 Sept 2026

Investor Presentation

Company Update15 Sept 2026

Investor Presentation

Company Update15 Sept 2026

Intimation of Schedule of Analyst/Investor Meeting under SEBI Listing Regulations - Anand Rathi Annual Flagship Conference G-200 Summit 2026

Company Update12 Sept 2026

Copy of newspaper publication

AGM/EGM11 Sept 2026

Corrigendum to the Notice of Extrordinary General Meeting scheduled to be held on September 19, 2026.

Company Update11 Sept 2026

Press Release titled - Moody''s Ratings upgrades Piramal Finance''s rating to ''Ba2'' from ''Ba3''; Outlook - Stable

Company Update11 Sept 2026

Upgrade in the ratings by Moody''s Ratings to Ba2 from Ba3, Outlook - Stable

Company Update11 Sept 2026

Intimation of Schedule of Analyst/Investor Meeting under SEBI Listing Regulations - Citi India Financials Investor Forum (Virtual)

Company Update11 Sept 2026

Investor Presentation

Company Update08 Sept 2026

Outcome of meeting of Committee of Directors (Administration, Authorisation & Finance) for issuance of NCDs on private placement basis

Company Update07 Sept 2026

Intimation of Schedule of Analyst/Investor Meeting under SEBI Listing Regulations - Branch Visit

Company Update04 Sept 2026

Outcome of Meeting of Committee of Directors (Administration, Authorization and Finance) held today i.e. 4th September, 2026

Company Update01 Sept 2026

Intimation of meeting of Committee of Directors (Administration, Authorization and Finance) to be held on Friday, 4th September 2026 inter alia, to consider and approve a proposal for partial ....

Company Update31 Aug 2026

Press Release titled - Piramal Finance announces Rs. 3,850 crore Capital Raise, Backed by Strong QIP Participation and Promoter Warrants

Company Update28 Aug 2026

QIP Issue closure and approval of Placement Document.

Company Update28 Aug 2026

Intimation regarding newspaper advertisement confirming dispatch of Notice of Extraordinary General Meeting

Company Update28 Aug 2026

Allotment of 99,52,606 equity shares of face value Rs. 2 each to Qualified Institutional Buyers at an issue price of Rs. 2,110 per equity share.

AGM/EGM26 Aug 2026

Notice of the Extraordinary General Meeting scheduled to be held on September 19, 2026

Company Update25 Aug 2026

Investor Presentation

Company Update25 Aug 2026

Intimation of Schedule of Analyst/Investor Meeting under SEBI Listing Regulations - Elara conference - Ashwamedh - Elara India Dialogue 2026

Company Update24 Aug 2026

Committee Meeting held on 24th August, 2026 for approving Qualified Institutional Placement.

Company Update24 Aug 2026

Approval of Unaudited Condensed Standalone and Consolidated Interim Financial Statements for the quarter ended 30th June, 2026 along with comparative information of the Company

Company Update24 Aug 2026

Approval of Preferential issue of warrants to promoter group entity amounting to Rs. 1750.03 crore.

Annual Reports

12

Credit Ratings

6
crisilRating update
12 Dec 2025Report
crisilRating update
19 Nov 2025Report
crisilRating update
25 Sept 2025Report
crisilRating update
crisilRating update
crisilRating update

Concalls

50

Feb 2026

28 Feb 2026

Feb 2026

28 Feb 2026

Jan 2026

31 Jan 2026

Jan 2026

31 Jan 2026

Dec 2025

31 Dec 2025

Dec 2025

31 Dec 2025

Nov 2025

30 Nov 2025

Nov 2025

30 Nov 2025

Nov 2025

30 Nov 2025

Aug 2020

31 Aug 2020

Jul 2020

31 Jul 2020

Feb 2019

28 Feb 2019

Feb 2019

28 Feb 2019

Jan 2019

31 Jan 2019

Nov 2018

30 Nov 2018

Sep 2018

30 Sept 2018

Sep 2018

30 Sept 2018

Aug 2018

31 Aug 2018

Aug 2018

31 Aug 2018

Jun 2018

30 Jun 2018

Jun 2018

30 Jun 2018

May 2018

31 May 2018

May 2018

31 May 2018

Apr 2018

30 Apr 2018

Mar 2018

31 Mar 2018

Feb 2018

28 Feb 2018

Feb 2018

28 Feb 2018

Feb 2018

28 Feb 2018

Feb 2018

28 Feb 2018

Jan 2018

31 Jan 2018

Jan 2018

31 Jan 2018

Nov 2017

30 Nov 2017

Nov 2017

30 Nov 2017

Nov 2017

30 Nov 2017

Oct 2017

31 Oct 2017

Oct 2017

31 Oct 2017

Sep 2017

30 Sept 2017

Sep 2017

30 Sept 2017

Aug 2017

31 Aug 2017

Aug 2017

31 Aug 2017

Jul 2017

31 Jul 2017

May 2017

31 May 2017

Mar 2017

31 Mar 2017

Dec 2016

31 Dec 2016

Sep 2016

30 Sept 2016

Aug 2016

31 Aug 2016

May 2016

31 May 2016

Mar 2016

31 Mar 2016

Mar 2016

31 Mar 2016

Mar 2016

31 Mar 2016

Held by ETFs

25 ETFs hold piramalfin · sorted by weight

#ETFWeight %
1

SML100CASE

ZERODHAAMC - SML100CASE

2.28%
2

SELECTIPO

MIRAEAMC - SELECTIPO

1.79%
3

MOIPO

MOTILALAMC - MOIPO

1.79%
4

SMALL250

MIRAEAMC - SMALL250

1.25%
5

GROWWSC250

GROWWAMC - GROWWSC250

1.25%
6

HDFCSML250

HDFCAMC - HDFCSML250

1.25%
7

MOSMALL250

MOTILALAMC - MOSMALL250

1.25%
8

SMALLADD

DSPAMC - SMALLADD

1.25%
9

SBISMLETF

SBIAMC - SBISMLETF

1.25%
10

MIDCAPBETA

UTIAMC-MIDCAPBETA

0.66%
11

MID150

KOTAKMAMC - MID150

0.66%
12

MID150CASE

ZERODHAAMC - MID150CASE

0.66%
13

HDFCMID150

HDFCAMC - HDFCMID150

0.66%
14

MID150BEES

NIP IND ETF MIDCAP 150

0.66%
15

SBINMID150

SBIAMC - SBINMID150

0.66%
16

MIDCAPETF

MIRAEAMC - MAM150ETF

0.66%
17

GROWWMC150

GROWWAMC - GROWWMC150

0.66%
18

MIDCAPADD

DSPAMC - MIDCAPADD

0.65%
19

MIDCAPIETF

ICICIPRAMC - ICICIM150

0.65%
20

ELM250

EDELAMC - ELM250

0.28%
21

MULTICAP

MIRAEAMC - MULTICAP

0.16%
22

MONIFTY500

MOTILALAMC - MONIFTY500

0.14%
23

BSE500IETF

ICICIPRAMC - ICICI500

0.13%
24

HDFCBSE500

HDFCAMC - HDFCBSE500

0.13%
25

AONETOTAL

AONEAMC - AONETOTAL

0.12%

Held by Mutual Funds

53 schemes hold piramalfin · sorted by weight

#SchemeWeight %
1

Quant Momentum Fund

Quant Mutual Fund

9.31%
2

Quant Value Fund

Quant Mutual Fund

8.87%
3

Quant Business Cycle Fund

Quant Mutual Fund

8.81%
4

Quant Quantamental Fund

Quant Mutual Fund

8.76%
5

Quant ESG Integration Strategy Fund

Quant Mutual Fund

7.52%
6

HSBC Midcap Fund

HSBC Mutual Fund

3.92%
7

Groww Banking & Financial Services Fund

Groww Mutual Fund

3.53%
8

Axis Nifty Smallcap 50 Index Fund

Axis Mutual Fund

3.43%
9

Motilal Oswal Active Momentum Fund

Motilal Oswal Mutual Fund

3.31%
10

Kotak Nifty Smallcap 50 Index Fund

Kotak Mahindra Mutual Fund

3.13%
11

Motilal Oswal ELSS Tax Saver Fund

Motilal Oswal Mutual Fund

3.11%
12

Quant Small Cap Fund

Quant Mutual Fund

2.80%
13

Kotak Special Opportunities Fund

Kotak Mahindra Mutual Fund

2.64%
14

HSBC Large and Mid Cap Fund

HSBC Mutual Fund

2.59%
15

HSBC Multi Asset Allocation Fund

HSBC Mutual Fund

1.97%
16

HSBC Financial Services Fund

HSBC Mutual Fund

1.84%
17

Kotak ELSS Tax Saver Fund

Kotak Mahindra Mutual Fund

1.66%
18

Kotak Quant Fund

Kotak Mahindra Mutual Fund

1.61%
19

Nippon India Value Fund

Nippon India Mutual Fund

1.60%
20

Kotak Large & Midcap Fund

Kotak Mahindra Mutual Fund

1.54%
21

Nippon India Banking & Financial Services Fund

Nippon India Mutual Fund

1.43%
22

Sundaram Multi-Factor Fund

Sundaram Mutual Fund

1.41%
23

Kotak Contra Fund

Kotak Mahindra Mutual Fund

1.36%
24

Kotak Banking & Financial Services Fund

Kotak Mahindra Mutual Fund

1.30%
25

Kotak Midcap Fund

Kotak Mahindra Mutual Fund

1.27%
26

HSBC Business Cycles Fund

HSBC Mutual Fund

1.27%
27

SBI Nifty Smallcap 250 Index Fund

SBI Mutual Fund

1.23%
28

Groww Nifty Smallcap 250 Index Fund

Groww Mutual Fund

1.22%
29

ICICI Prudential Nifty Smallcap 250 Index Fund

ICICI Prudential Mutual Fund

1.22%
30

HDFC Nifty Smallcap 250 Index Fund

HDFC Mutual Fund

1.22%
31

Bandhan Nifty Smallcap 250 Index Fund

Bandhan Mutual Fund

1.22%
32

HSBC Flexi Cap Fund

HSBC Mutual Fund

1.15%
33

Edelweiss Nifty Smallcap 250 Index Fund

Edelweiss Mutual Fund

1.15%
34

Motilal Oswal Nifty Smallcap 250 Index Fund

Motilal Oswal Mutual Fund

1.14%
35

Kotak Nifty Smallcap 250 Index Fund

Kotak Mahindra Mutual Fund

1.14%
36

Kotak Multi Cap Fund

Kotak Mahindra Mutual Fund

0.97%
37

HSBC Multi Cap Fund

HSBC Mutual Fund

0.65%
38

Kotak Multi Asset Allocation Fund

Kotak Mahindra Mutual Fund

0.58%
39

HSBC Small Cap Fund

HSBC Mutual Fund

0.46%
40

Nippon India Balanced Advantage Fund

Nippon India Mutual Fund

0.35%
41

HDFC Nifty500 Multicap 50:25:25 Index Fund

HDFC Mutual Fund

0.31%
42

Nippon India Small Cap Fund

Nippon India Mutual Fund

0.22%
43

Nippon India Nifty 500 Equal Weight Index Fund

Nippon India Mutual Fund

0.20%
44

Axis Small Cap Fund

Axis Mutual Fund

0.17%
45

HDFC BSE 500 Index Fund

HDFC Mutual Fund

0.14%
46

ICICI Prudential Nifty 500 Index Fund

ICICI Prudential Mutual Fund

0.13%
47

Axis Nifty 500 Index Fund

Axis Mutual Fund

0.13%
48

SBI Nifty 500 Index Fund

SBI Mutual Fund

0.13%
49

Bandhan Nifty Total Market Index Fund

Bandhan Mutual Fund

0.13%
50

Groww Nifty Total Market Index Fund

Groww Mutual Fund

0.13%
51

Motilal Oswal BSE 1000 Index Fund

Motilal Oswal Mutual Fund

0.13%
52

Motilal Oswal Nifty 500 Index Fund

Motilal Oswal Mutual Fund

0.12%
53

Kotak Balanced Advantage Fund

Kotak Mahindra Mutual Fund

0.10%