Piramal Finance Limited
₹1,819.50-₹43.75 (-2.3%)
Last close · Data as of Oct 30, 2026
- Market cap
- ₹41,863 Cr
- P/E
- 70.8x
- EV / EBITDA
- 310.5x
- Revenue
- ₹10,308 Cr
- Net margin
- -28.7%
- ROCE
- 6.2%
Price chart
Technical chartScreen technicals →+14.3% over the last year
Daily closes.
Go deeper
Technical chart: candles, 9 moving averages, RSI, MACD and drawing tools
Performance
Price change over each period, before dividends.
- 1M
- -11.0%
- 3M
- -10.3%
- 6M
- -8.9%
- 1Y
- +14.3%
- 5Y
- +17.4%
52-week range
Day change -₹43.75 (-2.3%) from ₹1,863 to ₹1,820 · Last close Oct 30, 2026
AI Summary
Indian StockStrengths1
- Revenue grew 54.7% YoY
Concerns1
- Low return on equity of 2.1%
Rule-based from financial data. Not advice.
About the company
Piramal Finance Limited, a housing finance company, provides financing solutions to corporate and private customers in India.
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Piramal Finance Limited, a housing finance company, provides financing solutions to corporate and private customers in India. It offers housing loans, such as home, construction, and home renovation and extension loan; business loans, which include working capital loan, loan against property and secured business loan, as well as loans for growing business, consolidate business needs, and professionals; and real estate financing, corporate finance, emerging corporate lending, and capital markets and advisory services. Piramal Finance Limited was formerly known as Piramal Capital & Housing Finance Limited and changed its name to Piramal Finance Limited in March 2022. The company was incorporated in 1984 and is based in Mumbai, India.
- Sector
- Financial Services
- Shares outstanding
- 22.7 Cr shares
- ISIN
- INE202B01038
- BSE code
- 544597
Key statistics
Screen fundamentals →Valuation, profitability, growth and solvency at the latest close; hover a label for its meaning.
Valuation
- Market cap
- ₹41,863 Cr
- P/E
- 70.8x
- P/B
- 1.5x
- EV / EBITDA
- 310.5x
- EV / Sales
- 11.4x
- P/S
- 6.3x
- Earnings yield
- 1.4%
- 52-week high
- ₹2,311.65
- 52-week low
- ₹1,475.25
Profitability
- Operating margin
- 27.8%
- Net margin
- -28.7%
- EBITDA margin
- 3.7%
- ROE
- 2.1%
- ROCE
- 6.2%
- ROA
- -2.9%
- Dividend payout
- 0.0%
- Tax rate
- -46.0%
- Other income, % of PBT
- 45.3%
Growth
- RevenueLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹10,308 Cr
- Revenue growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 54.7%
- Revenue CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -6.5%
- EBITDALatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹244 Cr
- EBITDA growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 102.6%
- Net profit growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -130.0%
- Cash from operationsLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -₹6,342 Cr
- CFO growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -196.6%
- Free cash flowLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹1,866 Cr
- Asset growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 5.9%
Solvency and efficiency
- Current ratio
- 12.14
- Debt / Assets
- 0.69
- Debt / EBITDA
- 184.69
- Financial leverage
- 4.36
- CFO / Net profit
- 3.32
- Cash / Market cap
- 133.4%
- Cash per share
- ₹2,465.40
- Asset turnover
- 0.10
- Fixed asset turnover
- 7.55
- Capital intensity
- 0.13
- Debtor days
- 0 days
- Cash conversion cycle
- 0 days
Where the revenue went
Of every ₹100 of FY2025 revenue, ₹6 was left as net profit.
| From | To | Amount |
|---|---|---|
| Sales | Expenses | ₹4,517 Cr |
| Sales | Operating profit | ₹5,791 Cr |
| Operating profit | Interest | ₹5,188 Cr |
| Operating profit | Depreciation | ₹211 Cr |
| Operating profit | Profit before tax | ₹392 Cr |
| Other income | Profit before tax | ₹353 Cr |
| Profit before tax | Tax and other | ₹171 Cr |
| Profit before tax | Net profit | ₹574 Cr |
Revenue and net profit
Revenue grew 54.7% in FY2025; net profit is the dashed line.
| Date | Revenue | Net profit |
|---|---|---|
| FY2021 | ₹5,082 Cr | ₹1,034 Cr |
| FY2022 | ₹6,039 Cr | ₹526 Cr |
| FY2023 | ₹6,592 Cr | -₹7,425 Cr |
| FY2024 | ₹6,664 Cr | -₹1,911 Cr |
| FY2025 | ₹10,308 Cr | ₹574 Cr |
Cash flows
FY2025: -₹9,675 Cr from operations, -₹10,537 Cr free after investment (dashed).
| Date | Operating cash flow | Free cash flow |
|---|---|---|
| FY2021 | ₹1,420 Cr | -₹840 Cr |
| FY2022 | ₹8,685 Cr | ₹8,360 Cr |
| FY2023 | ₹6,567 Cr | ₹6,543 Cr |
| FY2024 | -₹6,342 Cr | -₹6,410 Cr |
| FY2025 | -₹9,675 Cr | -₹10,537 Cr |
Growth
Latest fiscal year FY2025 (ending March): each figure with its change over the year before.
- Revenue
- ₹10,308 Cr+54.7%1Y
- Net profit
- ₹574 Cr
- Cash from operations
- -₹9,675 Cr
- Free cash flow
- -₹10,537 Cr
- Revenue CAGR, 5Y
- -6.5%
| Year | Revenue | Operating income | EBITDA | Net profit | CFO | FCF | ROE | Revenue growth 1Y | Net profit growth 1Y |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | ₹10,308 Cr | ₹5,791 Cr | — | ₹574 Cr | -₹9,675 Cr | -₹10,537 Cr | 2.1% | +54.7% | -130.0% |
Monthly returns
Month-by-month returns of PIRAMALFIN across the years, with the seasonal pattern.
Balance sheet
What the company owns and owes at the end of FY2025.
| Line | FY2025 |
|---|---|
| Liabilities and equity | ₹93,826 Cr |
| Equity capital | ₹45 Cr |
| Reserves | ₹27,005 Cr |
| Borrowings | ₹64,484 Cr |
| Other liabilities | ₹2,292 Cr |
| Assets | ₹93,826 Cr |
| Fixed assets | ₹1,548 Cr |
| Capital work in progress | ₹0 Cr |
| Investments | ₹13,064 Cr |
| Other assets | ₹79,214 Cr |
Market cap against peers
8 peers: same sector group, nearest by size.
P/E against peers
PIRAMALFIN trades at 70.8x earnings against a peer median of 26.9x (a 163% premium).
Peer comparison
Same-sector peers by market cap, with the median.
| Company | Market cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|
| Piramal Finance LimitedPIRAMALFINthis companyP/E ↑ premium | ₹41,863 Cr | 70.8x | 1.5x | 2.1% | 310.5x |
| Motilal Oswal Financial Services LimitedMOTILALOFS | ₹50,300 Cr | 49.9x | 6.2x | 19.5% | 23.2x |
| Bank of maharashtraMAHABANK | ₹49,987 Cr | 7.7x | 1.5x | 19.4% | — |
| 360 ONE WAM LIMITED360ONE | ₹46,063 Cr | 156.0x | 6.3x | 6.1% | 55.9x |
| Housing &Urban Development Corporation Ltd.HUDCO | ₹43,063 Cr | 15.4x | 2.4x | 15.1% | — |
| Indian Renewable Energy Development Agency LimitedIREDA | ₹39,326 Cr | 20.9x | 3.0x | 16.5% | — |
| POONAWALLA FINCORP LIMITEDPOONAWALLA | ₹37,462 Cr | 172.0x | 3.8x | -1.2% | — |
| UCO BankUCOBANK | ₹36,264 Cr | 14.4x | 1.1x | 7.9% | — |
| CRISIL Ltd.CRISIL | ₹35,199 Cr | 52.7x | 17.8x | — | — |
| Peer median | — | 26.9x | 2.8x | 12.3% | 33.9x |
Year-to-date ROI
PIRAMALFIN since 1 January, against earlier years.
Historical volatility
PIRAMALFIN's day-to-day swings over 30, 60 and 180 days.
Financial statements
Income statement, balance sheet and cash flow as reported, in ₹ crore, grouped into plain-language lines.
Figures in ₹ crore as reported, fiscal years ending March, newest first; the trailing twelve months (TTM) last.
Operating margin by fiscal year
| Date | Operating margin |
|---|---|
| FY2021 | 86.0% |
| FY2022 | 69.0% |
| FY2023 | 14.0% |
| FY2024 | 28.0% |
| FY2025 | 56.0% |
| Line | FY2025 |
|---|---|
| RevenueSales | ₹10,308 Cr |
| Costs | |
| Interest | ₹5,188 Cr |
| Expenses | ₹4,516 Cr |
| Operating profitOperating Profit | ₹5,791 Cr |
| Other income and charges | |
| Profit before tax | ₹745 Cr |
| Tax | |
| Net profitNet Profit | ₹574 Cr |
| Per share |
| Line | FY2025 |
|---|---|
| Liabilities and equityTotal Liabilities | ₹93,826 Cr |
| Equity capitalEquity Capital | ₹45 Cr |
| Reserves | ₹27,005 Cr |
| Borrowings | ₹64,484 Cr |
| Other liabilitiesOther Liabilities | ₹2,292 Cr |
| AssetsTotal Assets | ₹93,826 Cr |
| Fixed assetsFixed Assets | ₹1,548 Cr |
| Capital work in progressCWIP | ₹0 Cr |
| Investments | ₹13,064 Cr |
| Other assetsOther Assets | ₹79,214 Cr |
| Line | FY2025 |
|---|---|
| Operating cash flowCash from Operating Activity | -₹9,675 Cr |
| Investing cash flowCash from Investing Activity | -₹862 Cr |
| Financing cash flowCash from Financing Activity | ₹12,403 Cr |
| Change in cashNet Cash Flow | ₹1,866 Cr |
Learn while you research
Academy chapters picked for Piramal Finance Limited and the metrics on this page.
- 01 Taxes on Investments (India)LTCG, STCG, dividend tax, what every Indian investor needs.6 min read
- 02 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read
- 03 Valuation Multiples ExplainedThis stock trades at a P/E of 70.8, learn when high multiples are justified.6 min read
- 04 Growth Investing55% revenue growth is in the top tier, learn how to value growth.7 min read
- 05 Sector AnalysisBanks & financials are uniquely sensitive to rates and credit cycles.6 min read
- 06 Essential Stock RatiosP/E, P/B, EV/EBITDA, what they mean and when to use each.7 min read