Key Financials Snapshot

TTM · Consolidated · ₹ in Cr
Market Cap
₹648 Cr.
Stock P/E
19.6
P/B
2.7
Current Price
₹198.4
Book Value
₹ 73.4
Face Value
10
52W High
₹288
52W Low
₹ 131
Dividend Yield
0%

South West Pinnacle Overview

Business

South West Pinnacle Exploration Ltd. is an India-based company providing comprehensive drilling, exploration, and allied services. Its core business model revolves around executing contracts for geological, geophysical, and geochemical surveys, various types of core drilling (mineral, coal, CBM, geotechnical, water well), wireline logging, resource modeling, and mine planning. The company primarily makes money by billing clients based on meters drilled, project duration, or specific milestones achieved under these contracts. Clients include government agencies (e.g., Geological Survey of India, PSUs like Coal India, NMDC) and private companies in the mining, infrastructure, and oil & gas (CBM) sectors.

Revenue Mix

The company's services can be broadly categorized into:

Drilling Services: This constitutes the major portion of their revenue and includes mineral exploration drilling, coal exploration drilling, CBM (Coal Bed Methane) drilling, geotechnical drilling, and water well drilling.

Geological & Geophysical Services: This includes geological mapping, geophysical surveys, geochemical analysis, and data interpretation.

Allied Services: Such as wireline logging, resource modeling, and mine planning.

While specific revenue contribution by segment is not always granularly disclosed, drilling services are generally the primary revenue generator due to their capital-intensive nature and scale of operations.

Industry

The mineral exploration and drilling services industry in India is characterized by the presence of a few established players alongside numerous smaller, regional contractors. Demand is largely driven by government initiatives to enhance domestic mineral security, infrastructure development projects requiring geotechnical investigations, and energy sector needs (coal, CBM). South West Pinnacle Exploration Ltd. positions itself as one of the more prominent and integrated players in India, known for its specialized expertise in deep-hole drilling, CBM drilling, and a diversified service portfolio. It competes with other domestic drilling and exploration firms, leveraging its track record and equipment capabilities.

MOAT

The company's competitive advantages primarily stem from:

Specialized Expertise & Equipment: Possession of advanced and specialized drilling rigs, particularly for deep-hole and CBM drilling, along with the technical know-how for complex geological conditions. This creates a barrier to entry for smaller players.

Integrated Service Offering: Providing a comprehensive suite of services from initial exploration to resource modeling and mine planning allows them to cater to a broader range of client needs and potentially secure larger, more integrated projects.

Established Track Record & Client Relationships: Long-standing relationships with key government PSUs and private sector clients, built on successful project execution and reliability, provide a degree of recurring business and preferred vendor status.

Growth Drivers

Government Focus on Mineral Exploration: Initiatives like "Atmanirbhar Bharat" and policies promoting domestic mineral production and auctioning of mineral blocks are expected to drive increased exploration spending.

Infrastructure Development: Large-scale government spending on infrastructure projects (roads, railways, smart cities) will continue to fuel demand for geotechnical investigations.

Energy Security Needs: Continued demand for coal and Coal Bed Methane (CBM) exploration and development projects.

Higher Commodity Prices: Sustained high commodity prices can incentivize mining companies to increase their exploration budgets.

Technological Upgradation: Adoption of advanced drilling and exploration technologies can lead to increased efficiency and secure more complex projects.

Risks

Commodity Price Volatility: The demand for exploration and drilling services is closely linked to global and domestic commodity prices. A significant downturn can lead to reduced exploration budgets from clients.

Regulatory & Environmental Risks: Stringent environmental regulations, delays in obtaining clearances, land acquisition issues, and changes in mining policies can impact project timelines and profitability.

Execution & Operational Risks: Geological complexities, adverse weather conditions, equipment breakdowns, and operational hazards inherent in drilling operations can lead to cost overruns or project delays.

Competition: Intense competition from domestic and potentially international players can put pressure on bidding margins and contract acquisition.

Client Concentration: Potential reliance on a few large government or private clients for a significant portion of their revenue.

Manpower Shortage: Availability of skilled geologists, drillers, and technical personnel can be a limiting factor.

Management & Ownership

South West Pinnacle Exploration Ltd. is a promoter-led company. The promoters typically have substantial experience and expertise in the mineral exploration and drilling sector, having guided the company's growth and operations. Ownership structure usually reflects a significant promoter holding, indicating their long-term commitment and control over the company's strategic direction. The management team includes professionals with relevant technical and operational backgrounds.

Outlook

The outlook for South West Pinnacle Exploration is generally positive, driven by the Indian government's strong emphasis on increasing domestic mineral production and continued infrastructure development. This provides a foundational demand for its exploration and drilling services. The company's diversified service portfolio across minerals, coal, CBM, and geotechnical segments offers some resilience against fluctuations in any single commodity or sector. However, the business remains inherently cyclical, sensitive to commodity price movements, and government spending patterns. Operational challenges, regulatory hurdles, and competitive pressures are ongoing factors that could impact performance. The ability to secure new high-value contracts and maintain operational efficiency will be crucial for sustained growth.

South West Pinnacle Share Price

Live · BSE / NSE · Inception: 2006
₹ | |
Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Consolidated · annual

South West Pinnacle Quarterly Results

#(Fig in Cr.) Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
Net Sales 45 29 27 49 74 40 62 63 78 62
Other Income 1 3 2 1 1 1 1 1 1 0
Total Income 46 32 29 49 75 41 63 63 79 62
Total Expenditure 37 25 24 40 58 34 48 45 57 47
Operating Profit 8 7 5 10 16 7 15 18 21 15
Interest 2 2 2 2 2 2 2 2 2 2
Depreciation 3 2 2 3 2 2 3 3 3 3
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 3 3 0 5 12 3 10 13 16 11
Provision for Tax 1 1 0 1 3 1 3 3 4 3
Profit After Tax 2 2 0 4 9 2 8 10 12 8
Adjustments 1 -0 0 0 1 0 1 -1 1 1
Profit After Adjustments 3 2 0 4 10 2 8 9 13 9
Adjusted Earnings Per Share 1 0.7 0.1 1.5 3.4 0.8 2.8 3.1 4.4 3.1

South West Pinnacle Profit & Loss

#(Fig in Cr.) Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
Net Sales 74 79 85 86 104 118 124 133 180 243 265
Other Income 1 3 5 2 3 3 4 2 5 4 3
Total Income 75 82 90 87 106 121 128 136 185 247 267
Total Expenditure 53 54 66 70 80 93 104 109 147 184 197
Operating Profit 22 28 24 18 27 28 25 27 39 62 69
Interest 6 7 5 5 6 5 6 9 9 9 8
Depreciation 7 7 6 7 8 7 7 9 10 11 12
Exceptional Income / Expenses 0 0 -0 0 0 0 0 0 0 0 0
Profit Before Tax 9 14 13 6 13 15 12 11 21 44 50
Provision for Tax 3 5 3 2 3 4 3 3 5 11 13
Profit After Tax 6 9 9 4 10 11 9 8 16 33 38
Adjustments 0 0 1 -0 0 0 0 0 0 0 2
Profit After Adjustments 6 9 10 3 10 11 9 8 16 33 39
Adjusted Earnings Per Share 3.1 3.3 3.6 1.2 3.7 3.9 3.2 3 5.5 11.1 13.4

South West Pinnacle Balance Sheet

#(Fig in Cr.) Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Shareholder's Funds 29 71 81 84 94 105 114 121 171 204
Minority's Interest 0 0 -0 0 0 0 -0 -0 -0 -0
Borrowings 20 10 4 11 9 13 14 26 12 16
Other Non-Current Liabilities 3 5 7 7 6 7 7 10 8 7
Total Current Liabilities 59 55 50 68 69 66 63 78 85 106
Total Liabilities 112 142 142 170 179 191 198 235 276 332
Fixed Assets 55 53 42 63 58 52 56 74 64 93
Other Non-Current Assets 11 11 10 9 11 20 23 26 33 45
Total Current Assets 46 79 89 98 109 119 119 128 179 194
Total Assets 112 142 142 170 179 191 198 235 276 332

South West Pinnacle Cash Flow

#(Fig in Cr.) Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Opening Cash & Cash Equivalents 0 2 1 3 1 1 3 0 1 19
Cash Flow from Operating Activities 26 -16 9 13 17 10 4 19 27 12
Cash Flow from Investing Activities -33 -3 10 -26 -6 -3 -14 -38 -4 -38
Cash Flow from Financing Activities 10 18 -16 11 -11 -4 7 19 -4 7
Net Cash Inflow / Outflow 2 -2 3 -2 -0 2 -3 0 19 -18
Closing Cash & Cash Equivalent 5 1 3 1 1 3 0 1 19 1

South West Pinnacle Ratios

# Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Earnings Per Share (Rs) 3.06 3.26 3.62 1.17 3.66 3.91 3.22 2.96 5.51 11.07
CEPS(Rs) 6.78 5.91 5.7 3.76 6.46 6.59 5.78 6.11 8.72 14.91
DPS(Rs) 0 0 0.5 0.5 0.5 0.5 0.5 0.5 0 0
Book NAV/Share(Rs) 15.66 25.52 29.06 30.08 33.75 37.61 40.76 43.54 54.07 65.1
Core EBITDA Margin(%) 28.03 28.01 21.97 18.84 22.82 21.22 16.35 18.59 18.68 24.15
EBIT Margin(%) 19.68 23.2 20.64 12.79 18.24 17.09 14.27 14.68 16.77 21.53
Pre Tax Margin(%) 11.67 15.78 14.75 6.76 12.93 12.78 9.42 8.18 11.86 17.91
PAT Margin (%) 7.68 10.3 11.07 4.22 9.87 9.27 7.22 6.2 9.11 13.59
Cash Profit Margin (%) 17 18.68 18.71 12.22 17.4 15.61 12.98 12.78 14.43 18.3
ROA(%) 5.1 7.17 6.64 2.33 5.87 5.91 4.62 3.82 6.43 10.86
ROE(%) 19.56 18.13 12.36 4.39 11.48 10.97 8.21 7.03 11.62 18.58
ROCE(%) 15.53 19.08 14.68 8.6 13.55 13.64 10.75 10.09 13.57 20.29
Receivable days 73.41 115.89 191.78 223.52 208.64 198.46 180.46 155.43 135.43 144.86
Inventory Days 106.52 95.58 111.95 123.22 110.7 104.54 112.4 116.09 90.76 72.98
Payable days 0 0 0 0 0 0 202.27 71.59 102.35 0
PER(x) 0 12.26 7.04 10.14 14.58 50.47 34.74 35.17 19.01 19.1
Price/Book(x) 0 1.57 0.88 0.4 1.58 5.25 2.74 2.39 1.94 3.25
Dividend Yield(%) 0 0 0.98 4.2 0.94 0.25 0.45 0.48 0 0
EV/Net Sales(x) 0.88 2.01 1.2 0.95 1.83 5.03 2.95 2.79 1.85 2.87
EV/Core EBITDA(x) 3.02 5.67 4.21 4.59 7.16 21.31 14.94 13.69 8.68 11.2
Net Sales Growth(%) 0 6.32 7.84 0.91 20.7 13.81 5.43 7.37 35.13 34.79
EBIT Growth(%) 0 40.39 -14.34 -37.47 72.08 6.66 -11.98 10.46 54.37 73.01
PAT Growth(%) 0 59.61 3.45 -61.51 182.22 6.84 -17.86 -7.81 98.64 101.07
EPS Growth(%) 0 6.4 10.98 -67.56 212.12 6.84 -17.86 -7.81 85.8 101.07
Debt/Equity(x) 2.23 0.7 0.46 0.63 0.51 0.46 0.55 0.75 0.39 0.4
Current Ratio(x) 0.77 1.42 1.8 1.43 1.58 1.81 1.88 1.65 2.1 1.84
Quick Ratio(x) 0.41 0.98 1.25 0.99 1.11 1.28 1.22 1.09 1.56 1.36
Interest Cover(x) 2.46 3.13 3.5 2.12 3.43 3.96 2.94 2.26 3.41 5.96
Total Debt/Mcap(x) 0 0.45 0.52 1.6 0.32 0.09 0.2 0.31 0.2 0.12

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR +35% +25% +18% —
Operating Profit CAGR +59% +35% +18% —
PAT CAGR +106% +54% +27% —
Share Price CAGR +47% +6% +7% —
ROE Average +19% +12% +11% +12%
ROCE Average +20% +15% +14% +14%

South West Pinnacle Shareholding Pattern

Latest · Sep 2026
100% held
Promoters 61.7 %
FII 0.49 %
DII (MF + Insurance) 0.04 %
Public (retail) 37.78 %
# Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026 Sep 2026
Promoter 73.6173.6173.6168.8568.8568.8568.8568.8564.8161.7
FII 00.360.080.020.120.080.280.760.810.49
DII 0000000000.04
Public 26.3926.0326.3131.1331.0331.0730.8730.3834.3837.78
Others 0000000000
Total 100100100100100100100100100100

South West Pinnacle Peer Comparison

Engineering Edit Columns

South West Pinnacle Quarterly Price

10-year quarterly close · BSE
Show Value Show %

News & Updates

See more…

South West Pinnacle Pros & Cons

Pros

  • Company has delivered good profit growth of 26% CAGR over last 5 years
  • Debtor days have improved from 102.35 to 0days.
  • Company is almost debt free.

Cons

  • Company has a low return on equity of 12% over the last 3 years.
Want to Start Investing in Top Unlisted Stocks?

Our experts help you choose the right stocks based on performance, risk, and growth potential.

whatsapp