Piramal Enterprises

₹847.7 31.6 | 3.9%

WEBSITE BSE:500302 NSE : PEL 10 May, 16:01

Market Cap ₹19044 Cr.

Stock P/E -11.1

P/B 0.7

Current Price ₹847.7

Book Value ₹ 1182.1

Face Value 2

52W High ₹1140

Dividend Yield 1.18%

52W Low ₹ 721.7

Edit Ratio

Piramal Enterprises Research see more...

Overview Inc. Year: 1947Industry: Finance - NBFC

Piramal Enterprises Limited (PEL) is an India-based company this is engaged in various business, consisting of financial services and pharmaceuticals. PEL's monetary services offer various financial products and solutions, with wholesale and retail financing. The wholesale lending business gives financing to real estate builders, in addition to corporate. Within retail lending, PEL is engaged in constructing a multi-product platform and offers domestic loans, loans for small organizations and loans for working capital to its clients. The Company offers India Resurgence Fund (IndiaRF), the distressed asset investment platform, which invests in equity and/or debt across non-real estate sectors. Its monetary offerings additionally encompass opportunity belongings and investments in Shriram Group. PEL has a differentiated enterprise model this is different across three segments: Contract Development and Manufacturing Organization (CDMO), Complex Hospital Generics (CHG), and India Consumer Healthcare.

Piramal Enterprises Share Price

New

Volume

Price

Price: NSE50 DMA200 DMAVolume

Quarterly Price

Quarterly Monthly

Show Value Show %

Peer Comparison

Piramal Enterprises Quarterly Results

#(Fig in Cr.)	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Net Sales	2285	2347	2161	1894	2811	2132	2899	2193	2476	2473
Other Income	44	92	23	63	55	11	21	12	71	55
Total Income	2329	2438	2184	1956	2867	2143	2920	2205	2546	2528
Total Expenditure	291	1511	579	3783	1818	1318	1186	1075	1270	2840
Operating Profit	2039	928	1606	-1827	1049	825	1733	1130	1276	-312
Interest	1220	1157	1044	1000	959	991	1035	1039	1103	1167
Depreciation	26	22	25	27	30	41	37	38	41	712
Exceptional Income / Expenses	0	0	7614	452	0	0	0	-64	-3540	1518
Profit Before Tax	792	-251	8152	-2402	59	-207	661	-12	-3408	-673
Provision for Tax	211	-37	145	-694	-3432	2	173	11	-958	-821
Profit After Tax	581	-214	8006	-1708	3491	-209	488	-22	-2450	148
Adjustments	274	323	149	172	54	13	21	71	73	-11
Profit After Adjustments	855	109	8155	-1536	3545	-196	509	48	-2378	137
Adjusted Earnings Per Share	35.8	4.6	341.7	-64.4	148.6	-8.2	21.3	2.1	-105.8	6.1

Piramal Enterprises Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	3520	4503	5123	6381	8547	10639	11883	13068	12809	7726	8934	10041
Other Income	196	225	255	252	234	264	314	500	364	272	1160	159
Total Income	3716	4728	5377	6633	8781	10903	12197	13569	13173	7998	10095	10199
Total Expenditure	3105	3868	4238	4704	5048	5484	5021	6810	5345	2014	8395	6371
Operating Profit	611	860	1140	1929	3733	5419	7175	6758	7828	5984	1700	3827
Interest	575	1050	511	959	2031	2978	4100	5321	4209	4282	4041	4344
Depreciation	210	247	290	255	382	477	401	520	561	74	123	828
Exceptional Income / Expenses	-19	1	2696	46	-10	0	-452	0	59	-153	8066	-2086
Profit Before Tax	-193	-435	3035	954	1310	1964	2542	1407	3456	2068	5991	-3432
Provision for Tax	25	63	345	50	228	-2876	852	1960	2043	406	-3978	-1595
Profit After Tax	-217	-498	2690	905	1082	4840	1690	-553	1413	1662	9969	-1836
Adjustments	-10	-4	160	0	170	281	-223	577	-81	261	0	154
Profit After Adjustments	-227	-501	2850	905	1252	5121	1467	24	1332	1923	9969	-1684
Adjusted Earnings Per Share	-12.8	-28.2	160.3	50.9	70.4	277.4	77.6	1.1	59.1	80.6	417.7	-76.3

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	16%	-12%	-3%	10%
Operating Profit CAGR	-72%	-37%	-21%	11%
PAT CAGR	500%	0%	16%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	15%	-21%	-17%	4%
ROE Average	30%	13%	9%	9%
ROCE Average	12%	10%	9%	9%

Piramal Enterprises Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	10724	9321	11736	12948	14883	26562	27224	30572	34018	35489	31059
Minority's Interest	12	0	29	0	13	12	9	0	1121	1348	0
Borrowings	1161	2680	3787	7474	14496	24221	27033	20306	28097	52329	46170
Other Non-Current Liabilities	437	4030	4030	4286	4280	1135	2000	4148	6066	6384	3879
Total Current Liabilities	11765	9490	5694	10542	18962	22479	31213	23673	13873	11249	8428
Total Liabilities	24099	25521	25276	35250	52634	74409	87480	78699	83175	106799	89537
Fixed Assets	5709	6191	7065	7525	9973	10726	11197	6415	6563	7798	953
Other Non-Current Assets	10688	14958	12847	23070	33498	51117	63892	56170	56219	34233	31780
Total Current Assets	7701	4372	5364	4655	9163	12566	12390	16113	20393	64768	54526
Total Assets	24099	25521	25276	35250	52634	74409	87480	78699	83175	106799	89537

Piramal Enterprises Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	53	269	325	233	227	1364	2303	623	2612	6748	6045
Cash Flow from Operating Activities	-1570	-1604	-2207	-6956	-10057	-15967	-11611	7516	3665	8443	1359
Cash Flow from Investing Activities	-1664	1483	6177	-604	-2403	-1768	-827	7469	-2772	-2131	-351
Cash Flow from Financing Activities	3281	126	-3865	7544	13570	18650	10752	-13019	2072	-6774	-3325
Net Cash Inflow / Outflow	46	4	106	-16	1111	916	-1686	1966	2964	-462	-2316
Closing Cash & Cash Equivalent	269	325	447	227	1364	2301	623	2612	5582	6284	3729

Piramal Enterprises Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	-12.78	-28.2	160.31	50.89	70.44	277.38	77.65	1.07	59.07	80.58	417.71
CEPS(Rs)	-0.45	-14.1	167.64	65.26	82.34	288	110.63	-1.46	87.51	72.76	422.86
DPS(Rs)	17.5	52.5	20	17.5	21	25	28	14	33	33	31
Book NAV/Share(Rs)	603.18	524.3	660.13	728.33	837.12	1438.63	1440.68	1355.42	1508.22	1487.08	1301.45
Core EBITDA Margin(%)	11.78	14.1	17.27	26.28	40.94	48.46	57.74	47.89	58.27	73.93	6.04
EBIT Margin(%)	10.86	13.65	69.22	29.98	39.09	46.45	55.9	51.48	59.83	82.2	112.28
Pre Tax Margin(%)	-5.47	-9.66	59.25	14.95	15.33	18.46	21.39	10.77	26.98	26.77	67.05
PAT Margin (%)	-6.18	-11.05	52.52	14.18	12.66	45.49	14.22	-4.23	11.03	21.52	111.58
Cash Profit Margin (%)	-0.22	-5.57	58.18	18.18	17.13	49.98	17.59	-0.25	15.41	22.48	112.95
ROA(%)	-1.02	-2.01	10.59	2.99	2.46	7.62	2.09	-0.67	1.75	1.75	10.15
ROE(%)	-1.98	-4.96	25.55	7.33	7.78	23.36	6.28	-1.91	4.37	4.78	29.96
ROCE(%)	2.41	3.3	18.7	7.93	8.96	8.52	8.63	8.63	10.5	7.73	11.69
Receivable days	53.62	53.39	55.27	51.55	44.38	42.25	42.37	38.09	40.88	74.79	33.51
Inventory Days	52.23	48.4	47.28	40	30.89	25.68	24.66	26.43	33.63	66.91	0
Payable days	156.05	156.43	138.11	169.39	191.06	196.95	221.73	212.31	205.92	0	0
PER(x)	0	0	5.26	19.76	26.21	8.59	34.63	881.17	29.66	27.14	1.62
Price/Book(x)	0.98	1.01	1.28	1.38	2.21	1.66	1.87	0.69	1.16	1.47	0.52
Dividend Yield(%)	2.87	9.64	2.3	1.69	1.1	1.02	1.02	1.49	1.88	1.51	4.57
EV/Net Sales(x)	5.09	4.14	4.26	5.29	7.22	8.05	8.91	4.47	5.61	13	6.84
EV/Core EBITDA(x)	29.35	21.64	19.16	17.52	16.54	15.81	14.76	8.65	9.18	16.79	35.95
Net Sales Growth(%)	63.06	27.91	13.77	24.57	33.93	24.48	11.69	9.98	-1.98	-39.69	15.65
EBIT Growth(%)	13.66	60.82	476.76	-46.04	74.63	47.91	34.4	1.29	13.92	-17.15	57.98
PAT Growth(%)	-288.69	-128.77	640.76	-66.37	19.61	347.28	-65.09	-132.75	355.35	17.65	499.71
EPS Growth(%)	-303.85	-120.6	668.39	-68.25	38.42	293.78	-72.01	-98.63	5444.46	36.42	418.36
Debt/Equity(x)	0.72	1.02	0.62	1.26	2.05	1.66	2.06	1.38	1.16	1.56	1.6
Current Ratio(x)	0.65	0.46	0.94	0.44	0.48	0.56	0.4	0.68	1.47	5.76	6.47
Quick Ratio(x)	0.61	0.39	0.82	0.37	0.45	0.52	0.37	0.64	1.38	5.62	6.47
Interest Cover(x)	0.66	0.59	6.94	1.99	1.65	1.66	1.62	1.26	1.82	1.48	2.48
Total Debt/Mcap(x)	0.73	1.02	0.49	0.91	0.93	1	1.1	1.99	1	1.06	3.07

Piramal Enterprises Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	43.49	43.49	43.49	43.48	43.48	43.48	43.48	46.19	46.19	46.19
FII	35.31	35.03	34.54	32.06	31.25	28.67	26.05	19.68	17.18	16.97
DII	8.19	8.44	8.14	7.86	8.06	9.59	11.92	12.05	13.02	13.19
Public	13	13.03	13.84	16.6	17.2	18.25	18.55	22.07	23.6	23.64
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	10.38	10.38	10.38	10.38	10.38	10.38	10.38	10.38	10.38	10.38
FII	8.43	8.36	8.24	7.65	7.46	6.84	6.22	4.42	3.86	3.81
DII	1.96	2.01	1.94	1.88	1.92	2.29	2.85	2.71	2.93	2.96
Public	3.1	3.11	3.3	3.96	4.11	4.36	4.43	4.96	5.3	5.31
Others	0	0	0	0	0	0	0	0	0	0
Total	23.87	23.87	23.87	23.87	23.87	23.87	23.87	22.47	22.47	22.47

Pros

Stock is trading at 0.7 times its book value
Company has reduced debt.

Cons

Promoter holding is low: 46.19%.
Company has a low return on equity of 13% over the 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.