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Pioneer Investcorp Overview

Pioneer Investcorp Limited (PINC) is a diversified financial services company in India that provides a range of investment banking and advisory services. Established with the goal of delivering value-added solutions, the company focuses on areas such as corporate finance, mergers and acquisitions, equity and debt capital markets, and wealth management. Pioneer Investcorp serves clients across various sectors, assisting them with financial restructuring, capital raising, and strategic financial planning. Known for its client-centric approach, P...Read More

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Pioneer Investcorp Key Financials

Market Cap ₹133 Cr.

Stock P/E 16.8

P/B 0.8

Current Price ₹107.9

Book Value ₹ 137

Face Value 10

52W High ₹133.9

Dividend Yield 0%

52W Low ₹ 55

Pioneer Investcorp Share Price

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Volume
Price

Pioneer Investcorp Quarterly Price

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Pioneer Investcorp Peer Comparison

Pioneer Investcorp Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Operating Revenue 7 8 11 9 8 10 10 15 16 12
Other Income 0 0 5 1 4 1 5 0 0 0
Total Income 7 9 17 9 12 10 15 16 16 12
Total Expenditure 5 5 9 5 6 6 8 8 8 5
Operating Profit 2 3 8 4 6 5 7 7 8 8
Interest Expense 2 2 4 2 4 3 4 4 2 2
Depreciation 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 0 0 4 2 2 2 3 3 6 5
Provision for Tax 0 0 2 0 0 0 2 1 1 1
Profit After Tax 0 0 2 1 1 1 1 2 4 5
Adjustments 0 0 2 2 -1 0 2 1 1 1
Profit After Adjustments 0 0 3 3 0 1 3 4 5 6
Adjusted Earnings Per Share 0.1 0.2 2.7 2.7 0.2 1.2 2.3 2.9 3.9 4.7

Pioneer Investcorp Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Operating Revenue 18288 19066 46382 25957 39 46 31 36 32 36 36 53
Other Income 6 2 1 6 1 1 1 0 0 5 11 5
Total Income 18293 19068 46383 25964 40 47 32 36 32 41 47 59
Total Expenditure 18276 19061 46344 25955 31 30 19 21 21 24 24 29
Operating Profit 17 8 39 9 9 17 12 16 11 17 22 30
Interest Expense 9 8 13 7 8 11 8 10 7 11 13 12
Depreciation 1 1 1 1 1 1 1 1 1 1 1 0
Profit Before Tax 8 -1 25 1 0 5 3 5 4 7 11 17
Provision for Tax 1 -0 8 1 -0 2 2 1 2 3 3 5
Profit After Tax 6 -1 18 0 0 3 1 4 2 4 8 12
Adjustments 0 0 0 0 0 0 0 0 0 0 0 5
Profit After Adjustments 6 -1 18 0 0 3 1 4 2 4 8 18
Adjusted Earnings Per Share 5 -0.7 14.5 0.3 0.2 2.5 0.7 3 1.7 3.3 6.4 13.8

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 0% 0% -5% -46%
Operating Profit CAGR 29% 11% 5% 3%
PAT CAGR 100% 26% 22% 3%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 77% 53% 31% 19%
ROE Average 5% 3% 3% 3%
ROCE Average 9% 7% 7% 8%

Pioneer Investcorp Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 109 108 126 123 127 130 132 137 139 148 156
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 0 0 1 2 16 27 27 23 23 24 28
Current Liability 78 37 65 48 65 22 82 43 83 234 264
Other Liabilities & Provisions 3 1 -1 1 -2 -2 -2 -1 0 -1 0
Total Liabilities 190 147 191 174 206 178 240 202 246 405 448
Loans 0 0 0 0 0 0 0 0 0 0 0
Investments 2 3 15 16 19 16 16 18 18 119 122
Fixed Assets 3 2 3 4 6 6 5 5 4 5 5
Other Loans 14 17 6 8 4 3 4 5 4 9 9
Other Non Current Assets 0 0 0 0 0 0 0 0 0 0 0
Current Assets 171 124 168 146 178 152 215 174 220 272 313
Total Assets 190 147 191 174 206 178 240 202 246 405 448

Pioneer Investcorp Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 7 11 5 6 10 18 13 11 11 8 3
Cash Flow from Operating Activities 10 29 10 17 -11 32 -55 68 -30 -23 -25
Cash Flow from Investing Activities 1 5 -11 -1 -1 6 1 -2 1 6 5
Cash Flow from Financing Activities -7 -40 3 -12 19 -43 52 -62 26 11 21
Net Cash Inflow / Outflow 4 -6 1 4 7 -5 -2 5 -3 -6 1
Closing Cash & Cash Equivalent 11 5 6 10 18 13 11 16 8 3 4

Pioneer Investcorp Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 5.04 -0.69 14.48 0.26 0.18 2.53 0.72 3.04 1.67 3.31 6.42
CEPS(Rs) 5.62 -0.13 14.92 0.72 1.16 3.54 1.67 3.91 2.44 4.17 7.28
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 88.37 87.67 102.15 99.28 102.85 105.47 106.72 110.89 112.76 119.8 126.24
Net Profit Margin 0.03 -0 0.04 0 0.56 6.7 2.85 10.4 6.45 11.44 21.8
Operating Margin 0.09 0.04 0.08 0.03 19.94 33.6 36.58 40.9 31.82 48.67 65.98
PBT Margin 0.04 -0.01 0.05 0 0.11 10.74 9.06 13.91 11.27 18.73 29.51
ROA(%) 3.33 -0.5 10.54 0.18 0.12 1.62 0.42 1.69 0.92 1.25 1.85
ROE(%) 5.84 -0.79 15.26 0.26 0.18 2.43 0.67 2.79 1.49 2.85 5.22
ROCE(%) 9.67 4.51 24.25 4.86 4.26 8.41 5.59 7.01 4.98 7.25 8.61
Price/Earnings(x) 2.95 0 4.84 144.2 168.43 11.36 36.98 10.95 17.95 13.95 10.12
Price/Book(x) 0.17 0.2 0.69 0.38 0.29 0.27 0.25 0.3 0.27 0.39 0.51
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 0 0 0 0 2.35 1.36 3.98 2.07 3.35 4.46 5.94
EV/Core EBITDA(x) 4.23 6.45 3.32 9.13 10.22 3.74 9.86 4.72 9.63 9.56 9.68
Interest Earned Growth(%) 36.39 4.26 143.27 -44.04 -99.85 17.88 -33.53 16.34 -11.18 11.55 1.8
Net Profit Growth 129.74 -113.72 2191.95 -98.2 -31.33 1311.16 -71.73 324.49 -44.95 97.98 93.89
EPS Growth(%) 129.74 -113.72 2191.95 -98.2 -31.33 1311.24 -71.73 324.49 -44.95 97.98 93.89
Interest Coverage(x) % 1.83 0.84 2.89 1.17 1.01 1.47 1.33 1.52 1.55 1.63 1.81

Pioneer Investcorp Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 64.8 64.8 64.8 64.8 64.8 64.8 64.8 65.34 65.46 65.46
FII 3.79 3.79 3.79 3.79 3.59 2.99 2.99 2.99 2.99 2.99
DII 0.22 0.22 0.22 0.22 0.22 0.22 0.22 0.22 0.22 0.22
Public 31.18 31.18 31.18 31.18 31.39 31.99 31.99 31.46 31.34 31.34
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Pioneer Investcorp News

Pioneer Investcorp Pros & Cons

Pros

  • Stock is trading at 0.8 times its book value
  • Company has delivered good profit growth of 21% CAGR over last 5 years

Cons

  • Company has a low return on equity of 3% over the last 3 years.
  • Earnings include an other income of Rs. 11 Cr.
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