Piramal Enterprises Ltd
PELPiramal Enterprises Ltd
PELPrice Chart
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Key Metrics
No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
---|---|---|
-11.52 | 0.87 | 0.97% |
Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
---|---|---|
18.05 | 2.51 | 0.78% |
Forecast & Ratings
Detailed Forecast from 6 analysts
Price
Price Upside
Earnings
Earnings Growth
Revenue
Rev. Growth
Company Profile
Piramal Enterprises Limited (PEL) is engaged in the business of pharmaceuticals, including research and development, financial services and information management through its subsidiaries.
Investor Presentation
View olderÂPeers
Compare with peersÂAditya Birla Capital Ltd
Motilal Oswal Financial Services Ltd
Cholamandalam Financial Holdings Ltd
Nuvama Wealth Management Ltd
Computer Age Management Services Ltd
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Forecasts
Price
Revenue
Earnings
Price Forecast
All values in ₹
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Revenue Forecast
All values in ₹ Thousand cr.
All values in ₹ Thousand cr.
Earnings Per Share Forecast
All values in ₹
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Income
Balance Sheet
Cash Flow
Income Statement
Financial Year | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | TTM | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Total Revenue | 6,900.14 | 8,780.50 | 10,898.88 | 12,511.58 | 14,623.41 | 13,612.22 | 8,841.27 | 17,849.07 | 10,332.09 | 11,197.29 | ||||||||||
Raw Materials | — | — | — | — | — | — | — | — | — | 14,066.91 | ||||||||||
Power & Fuel Cost | — | — | — | — | — | — | — | — | — | |||||||||||
Employee Cost | 1,683.05 | 1,793.87 | 1,988.14 | 1,507.72 | 1,610.20 | 1,650.47 | 512.64 | 930.05 | 1,350.03 | |||||||||||
Selling & Administrative Expenses | 2,732.53 | 2,916.56 | 3,089.13 | 2,932.67 | 3,121.44 | 3,453.37 | 666.82 | 1,741.74 | 1,179.38 | |||||||||||
Operating & Other expenses | 1,234.89 | 2,335.01 | 3,372.19 | 5,354.36 | 7,389.90 | 4,491.73 | 5,182.57 | 9,154.24 | 10,252.12 | |||||||||||
EBITDA | 1,249.67 | 1,735.06 | 2,449.42 | 2,716.83 | 2,501.87 | 4,016.65 | 2,479.24 | 6,023.04 | -2,449.44 | -2,869.62 | ||||||||||
Depreciation/Amortization | 255.45 | 381.70 | 477.33 | 400.52 | 520.30 | 560.88 | 74.28 | 122.88 | 828.96 | 842.78 | ||||||||||
PBIT | 994.22 | 1,353.36 | 1,972.09 | 2,316.31 | 1,981.57 | 3,455.77 | 2,404.96 | 5,900.16 | -3,278.40 | -3,712.40 | ||||||||||
Interest & Other Items | — | — | — | — | — | — | — | — | — | — | ||||||||||
PBT | 994.22 | 1,353.36 | 1,972.09 | 2,316.31 | 1,981.57 | 3,455.77 | 2,404.96 | 5,900.16 | -3,278.40 | -3,712.40 | ||||||||||
Taxes & Other Items | 49.51 | 57.93 | -3,157.72 | 849.25 | 1,957.54 | 2,123.43 | 481.85 | -4,068.42 | -1,594.87 | -1,701.57 | ||||||||||
Net Income | 944.71 | 1,295.43 | 5,129.81 | 1,467.06 | 24.03 | 1,332.34 | 1,923.11 | 9,968.58 | -1,683.53 | -2,010.83 | ||||||||||
EPS | 29.10 | 39.90 | 155.02 | 43.01 | 0.64 | 32.35 | 45.38 | 295.60 | -72.67 | -89.50 | ||||||||||
DPS | 9.30 | 11.16 | 13.37 | 14.97 | 7.67 | 18.07 | 18.07 | 31.00 | 10.00 | 0.00 | ||||||||||
Payout ratio | 0.32 | 0.28 | 0.09 | 0.35 | 12.07 | 0.56 | 0.40 | 0.10 | — | 0.00 |
Company Updates
Investor Presentation
Investor Presentation
Peers & Comparison
FinancialsDiversified Financials
Valuation
Technical
Forecast
Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
---|---|---|---|
Piramal Enterprises Ltd | -13.76 | 0.87 | 0.97% |
Aditya Birla Capital Ltd | 17.80 | 2.07 | — |
Motilal Oswal Financial Services Ltd | 17.83 | 4.96 | 0.58% |
Cholamandalam Financial Holdings Ltd | 21.20 | 1.70 | 0.03% |
Price Comparison
Compare PEL with any stock or ETFShareholdings
Promoter Holdings Trend
Total Promoter Holding
In last 6 months, promoter holding in the company has almost stayed constant
Low Pledged Promoter Holding
Pledged promoter holdings is insignificant
Institutional Holdings Trend
Total Retail Holding
In last 3 months, retail holding in the company has almost stayed constant
Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has almost stayed constant
Shareholding Pattern
Sep 2023
Dec 2023
Mar 2024
Jun 2024
Shareholding History
Mutual Funds Holding Trend
Mutual Fund Holding
In last 3 months, mutual fund holding of the company has almost stayed constant
Top 5 Mutual Funds holding Piramal Enterprises Ltd
Funds (Top 5) | The rupee value of the stock held by the fund divided by the stock’s market cap Market-cap held | Percentage of the fund’s portfolio invested in the stock Weight | Change in the portfolio weight of the stock over the last 3 months 3M holding change | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months Portfolio rank(3M change) |
---|---|---|---|---|
Quant Small Cap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 1.6427% | Percentage of the fund’s portfolio invested in the stock 1.59% | Change in the portfolio weight of the stock over the last 3 months 1.59% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 62/109 (+39) |
Motilal Oswal Focused Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.6141% | Percentage of the fund’s portfolio invested in the stock 7.10% | Change in the portfolio weight of the stock over the last 3 months 1.21% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 12/28 (-3) |
Nippon India ELSS Tax Saver Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.5438% | Percentage of the fund’s portfolio invested in the stock 0.82% | Change in the portfolio weight of the stock over the last 3 months 0.07% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 50/65 (+5) |
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Looks like this stock is not in any smallcase yet.
Events
Dividend Trend
No Trend In Dividends
PEL has shown inconsistent dividend trend over the last 5 years
Dividend Yield
Current dividend yield is 0.91%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹9.08 every year
Dividends
Corp. Actions
Announcements
Legal Orders
Upcoming Dividends
No upcoming dividends are available
Past Dividends
Cash Dividend
Ex DateEx DateJul 5, 2024
Dividend/Share
₹10.00
Ex DateEx Date
Jul 5, 2024
Cash Dividend
Ex DateEx DateJun 16, 2023
Dividend/Share
₹31.00
Ex DateEx Date
Jun 16, 2023
Cash Dividend
Ex DateEx DateJul 14, 2022
Dividend/Share
₹33.00
Ex DateEx Date
Jul 14, 2022
Cash Dividend
Ex DateEx DateJul 6, 2021
Dividend/Share
₹33.00
Ex DateEx Date
Jul 6, 2021
Cash Dividend
Ex DateEx DateJul 16, 2020
Dividend/Share
₹14.00
Ex DateEx Date
Jul 16, 2020
The base issue size is of Rs 50 crore along with a green shoe option to retain over subscription of up to Rs 100 crore, aggregating to Rs 150 crore. These secured, rated, listed, redeemable, NCDs have a coupon rate of 9.5% per annum paid annually and on redemption date, which is 7 July 2034. The debentures are proposed to be listed on the wholesale debt market (WDM) segment of the Bombay Stock Exchange (BSE)/ National Stock Exchange (NSE). NSE is the designated stock exchange. Piramal Enterprises (PEL) is a leading diversified NBFC in India with a presence across retail lending, wholesale lending, and fund-based platforms. The company has investments and assets worth around $10 billion, with a network of branches across 26 states/UTs. The NBFC reported 64.33% fall in consolidated net profit to Rs 181.48 crore in Q1 FY24 as against Rs 508.78 crore posted in Q1 FY24. Total income fell 25.99% to Rs 2,145.38 crore in Q1 FY25 as compared to Rs 2,898.79 crore posted in corresponding quarter last year. The scrip ended 0.33% higher at Rs 1,004.40 on the BSE.Powered by Capital Market - Live
The headline equity benchmarks traded with minor gains in afternoon trade. The Nifty traded above the 24,550 mark after hitting the day's low of 24,522.95 in mid-morning trade. Oil & gas, PSU bank and metal shares advanced while auto, private bank and financial services shares declined. At 13:30 IST, the barometer index, the S&P BSE Sensex, rose 52.09 points or 0.06% to 80,486.46. The Nifty 50 index added 40.10 points or 0.16% to 24,581.25. The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index jumped 0.41% and the S&P BSE Small-Cap index rallied 1.25%. The market breadth was strong. On the BSE, 2,707 shares rose and 1,251 shares fell. A total of 147 shares were unchanged. Economy: India's forex reserves declined $4.8 billion to $670.119 billion for the week ended August 9, according to the latest RBI data. In the previous reporting week, the country's foreign exchange reserves had increased $7.533 billion to an all-time high of $674.919 billion. For the week ended August 9, foreign currency assets, a major component of the reserves, decreased by $4.079 billion to $587.96 billion. Gold reserves declined by $860 million to $59.239 billion during the week. The special drawing rights (SDRs) were up by $121 million to $18.282 billion. India's reserve position with the IMF increased by $18 million to $4.638 billion in the reporting week, the central bank data showed. Gainers & Losers: Hindalco Industries (up 3.48%), Bharat Petroleum Corporation (up 2.84%), Tata Steel (up 2.83%), LTIMindtree (up 2.36%) and Shriram Finance (up 2%) were major Nifty gainers. Mahindra & Mahindra (down 1.80%), SBI Life Insurance Company (down 1.11%), Axis Bank (down 0.99%), Bharti Airtel (down 0.93%) and Grasim Industries (down 0.84%) were major Nifty losers. Stocks in Spotlight: Piramal Enterprises (PEL) rallied 3.27% after the NBFC informed that its promoter group entity purchased 6.16 lakh equity shares, representing 0.27% of the total paid-up share capital of the company. Meanwhile, the board of PEL will meet on Wednesday, 21 August 2024 to consider issuing non-convertible debentures (NCDs) aggregating up to Rs 150 crore on private placement basis. Glenmark Pharmaceuticals gained 3.79% after the company's subsidiary Glenmark Therapeutics Inc., USA, announced the launch of OTC product Olopatadine Hydrochloride Ophthalmic Solution. DCX Systems was locked in an upper circuit of 5% after the company informed that it has received orders worth Rs 107.08 crore from domestic and overseas customers. Veranda Learning Solutions advanced 3.56% after the company said that it has partnered with Jumeira University Connect, the training arm of Jumeira University, to introduce a Chartered Accountancy (CA) preparation course for students in the UAE. Genus Power Infrastructures was locked in an upper circuit of 5% after the company announced that its wholly-owned subsidiary received three letters of awards (LOA) worth totaling to Rs 2,925.52 crore. Tejas Networks rose 1.40% after the company's wholly owned subsidiary, Saankhya Labs has received an order from NewSpace India for supplying two-way Mobile Satellite Service (MSS) Terminals for various purposes. Caplin Point Laboratories surged 12.66% after the Brazilian Health Regulatory Agency (ANVISA) concluded its inspection at Gummidipoondi facility, in Chennai in Tamil Nadu with zero observations. JNK India rallied 3.24% after the heating equipment maker on Friday announced that it has received a 'major' order from Hindustan Petroleum Corporation (HPCL). Techno Electric & Engineering Company (Techno Electric) jumped 4.50% after the company partnered with IndiGrid to develop two IndiGrid's Greenfield interstate transmission Systems (ISTS) projects. Global Markets: Europeans stocks declined while Asian stocks traded mixed on Monday as investors weighed optimism about a US economic soft landing against concerns over the global growth outlook. Expectations of cooling inflation and a potential easing cycle by the Federal Reserve buoyed sentiment. However, investors remained cautious ahead of key US economic data this week and Federal Reserve Chair Jerome Powell's speech on Friday. In Asia, market participants will closely monitor central bank meetings in Indonesia and South Korea for potential rate adjustments. Thailand's policy decision is particularly awaited given uncertainties surrounding the new government's economic plans. US stocks rebounded from earlier losses to close higher on Friday, as a report showing improved consumer sentiment boosted investor confidence. The Dow Jones Industrial Average rose 0.24%, the S&P 500 climbed 0.20% and the Nasdaq Composite gained 0.21%. The University of Michigan's gauge of consumer sentiment rose to 67.8 in a preliminary August reading, up from 66.4 in the prior month. It is the first gain after four months of declines. Powered by Capital Market - Live
In a regulatory filing, the NBFC said that on 16 August 2024, an entity within the promoter group purchased 6,16,615 equity shares of PEL, representing 0.27% of the company's paid-up capital, on the National Stock Exchange of India (NSE). As a result of this purchase, the promoter group's shareholding in PEL has increased from 46.03% to 46.30%. 'The promoters have consistently demonstrated their confidence in the growth trajectory of PEL. This latest acquisition of shares aligns with that belief, further reflecting their trust in the company's business fundamentals, future plans, and value creation potential. In addition, the promoters/promoter group did not participate in the buy-back of PEL shares in 2023.' Meanwhile, the NBFC had announced that its Administrative Committee of the board of directors will consider and approve the issue of secured, rated, listed, redeemable, non-convertible debentures up to Rs 50 crore along with the green shoe option to retain oversubscription up to Rs 100 crore, the total size aggregating up to Rs 150 crore, having a face value of Rs 1 lakh each, on a private placement basis. Piramal Enterprises (PEL) is a leading diversified NBFC in India with a presence across retail lending, wholesale lending, and fund-based platforms. The company has investments and assets worth around $10 billion, with a network of branches across 26 states/UTs. The NBFC reported 64.33% fall in consolidated net profit to Rs 181.48 crore in Q1 FY24 as against Rs 508.78 crore posted in Q1 FY24. Total income fell 25.99% to Rs 2,145.38 crore in Q1 FY25 as compared to Rs 2,898.79 crore posted in corresponding quarter last year. Powered by Capital Market - Live
In a regulatory filing, the NBFC said that its Administrative Committee of the board of directors will consider and approve the issue of secured, rated, listed, redeemable, NCDs up to Rs 50 crore along with the green shoe option to retain oversubscription up to Rs 100 crore, the total size aggregating up to Rs 150 crore, having a face value of Rs 1 lakh each, on a private placement basis. Piramal Enterprises (PEL) is a leading diversified NBFC in India with a presence across retail lending, wholesale lending, and fund-based platforms. The company has investments and assets worth around $10 billion, with a network of branches across 26 states/UTs. The NBFC reported 64.33% fall in consolidated net profit to Rs 181.48 crore in Q1 FY24 as against Rs 508.78 crore posted in Q1 FY24. Total income fell 25.99% to Rs 2,145.38 crore in Q1 FY25 as compared to Rs 2,898.79 crore posted in corresponding quarter last year. Shares of Piramal Enterprises surged 7.43% to settle at Rs 946.85 on Friday, 16 August 2024. Powered by Capital Market - Live
Net profit of Piramal Enterprises declined 64.33% to Rs 181.48 crore in the quarter ended June 2024 as against Rs 508.78 crore during the previous quarter ended June 2023. Sales declined 25.66% to Rs 2068.55 crore in the quarter ended June 2024 as against Rs 2782.51 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales2068.552782.51 -26 OPM %65.8161.80 - PBDT195.24719.13 -73 PBT144.22681.93 -79 NP181.48508.78 -64 Powered by Capital Market - Live
Total income fell 25.99% to Rs 2,145.38 crore in Q1 FY25 as compared to Rs 2,898.79 crore posted in corresponding quarter last year. Net interest income (NII) grew by 18% year on year (YoY) to Rs 807 crore during the quarter. Pre-provision operating profit (PPOP) was at Rs 270 crore during the quarter, up 3% from Rs 263 crore reported in corresponding quarter last year. Total assets under management (AUM) grew by 10% YoY to Rs 70,576 crore, led by its growth business. During the quarter, Retail to Wholesale AUM mix improved to 72:28 from 33:67 in FY22. During the quarter, the Growth to Legacy Assets Under Management (AUM) mix improved to 82:18, up from 34:66 in FY22. Retail AUM jumped 43% YoY to Rs 50,530 crore in Q1 FY25 and Wholesale 2.0 AUM grew by 11% QoQ to Rs 7,071 crore. The company's consolidated balance sheet shows a net worth of Rs 26,863 crore, with a capital adequacy ratio of 24.4%. During the quarter, the consolidated Gross Non-Performing Assets (GNPA) ratio decreased to 2.7%, down from 2.8% in Q1 FY24. Similarly, the Net Non-Performing Assets (NNPA) ratio fell to 1.1%, compared to 1.5% in Q1 FY24. The operating expense-to-AUM ratio for the Growth business decreased by 104 basis points YoY to 4.6%. The company's borrowing cost remained stable at 8.9% in Q1 FY25. Ajay Piramal, chairman, Piramal Enterprises, said, 'The Q1 FY25 results show two important trends that highlight our progress and strategy. First, our Growth business continues to build on the momentum established over the past two to three years, now representing the majority of our Assets Under Management (AUM) and net profit. Second, we continue to reduce our legacy discontinued AUM. Notably, in Q1 FY25, the decline of Rs 1,597 crore in legacy AUM had no impact on our profit and loss statement from credit cost. The expansion of our Growth business reflects our strategy to balance growth, risk and profitability as we develop these businesses. Our asset quality remains stable across retail and wholesale products. Further, our Opex-to-AUM - a key driver of profitability - is consistently decreasing. We are also making progress in diversifying our borrowings. We successfully raised our first-ever $300 million dollar bond in July 2024, which received a 4X level of demand. We are pleased to see that the foundations for long term sustainable growth and earnings are firmly in place, and we anticipate that the upcoming quarters will demonstrate a consistent journey along this path.' Piramal Enterprises (PEL) is a leading diversified NBFC in India with a presence across retail lending, wholesale lending, and fund-based platforms. The company has investments and assets worth ~$10 billion, with a network of branches across 26 states/UTs.Powered by Capital Market - Live
Piramal Enterprises will hold a meeting of the Board of Directors of the Company on 13 August 2024.Powered by Capital Market - Live
SEBI’s Settlement Order For Piramal Unlawful Gains Case: All You Need To Know About The Terms
Piramal Ent board OKs raising Rs 180-cr via NCDs
Piramal Enterprises Promoter Offloads Stake Worth Rs 976 Crore
Lower than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of -3.76%, vs industry avg of 11.37%
Decreasing Market Share
Over the last 5 years, market share decreased from 13.04% to 7.82%