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Piramal Finance Q2 FY27 Share Price & Earnings Call Analysis

₹1,912.60-0.07% today
Market cap
₹45,258 Cr
P/E
78.32
ROE
0.86%
PEG
-1.39
Price to sales
3.39
Debt to equity
2.77
52W high / low
₹2,310 / ₹1,323
Sales growth (5Y)
6.30%
EBITDA margin
58.57%
Net profit margin
2.00%
Promoter holding
44.22%
Sales (last year)
₹13,357 Cr

Piramal Finance Corporation's main business is of providing loans to Retail customers for construction or purchase of residential property, loans against property, etc.

Guidance scorecard · Q2 FY27 call

What Piramal Finance's management guided
and where it ranks in Finance

#16of 64 in
Finance
Revenue20–40%MarginsFlatCapexPlannedFundraisingPlannedOrder bookWhat management said

RevenueQ1 FY27 call

20–40%
  • AUM growth remained strong with retail AUM up 32% YoY to Rs. 91,249 crore, and overall AUM up 25% YoY to Rs. 1,06,940 crore.
  • Disbursements grew 44% YoY in Q1 FY27, accelerating from 34% in Q4 FY26.
  • Mortgage business grew 30% YoY, with focus on mass affluent home loans and larger ticket LAP Plus segments gaining momentum.
  • Unsecured products (personal loans, unsecured business loans, digital loans, rural micro lending) grew 45% YoY, accelerating growth.
  • Wholesale AUM grew 27% YoY.
  • Branch network expanded with strategic focus on gold loans and micro lending; aiming for 200 gold loan branches by March 2027.
  • Growth expected to continue, with capital raising plans to support expansion.

2 more points from Piramal Finance's call on revenue

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Full Q1 FY27 analysis

MarginsQ1 FY27 call

Flat

See what Piramal Finance said on margins — free account, 30 seconds.

Full Q1 FY27 analysis

CapexQ1 FY27 call

Planned
  • No immediate or imminent inorganic acquisitions planned.
  • The company remains open to inorganic opportunities if appropriate valuations arise.
  • An enabling resolution has been sought to raise capital for growth, focusing on organic expansion.
  • Management will actively consider inorganic opportunities during the year if valuations are right.
Full Q1 FY27 analysis

FundraisingQ1 FY27 call

Planned

See what Piramal Finance said on fundraising — free account, 30 seconds.

Full Q1 FY27 analysis

Order bookQ1 FY27 call

Ask what Piramal Finance said on the order book →

Full Q1 FY27 analysis
Full Finance ranking

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

Potential multibaggers in Finance
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. Strong growth
    3
See all potential multibaggersWhere does Piramal Finance rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Finance companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Up 2%+₹2,632 Cr69.0
240%+Up 2%+₹458 Cr23.7
340%+Up 0–2%₹877 Cr29.8
440%+Flat₹40,658 Cr37.4
540%+Flat₹16,070 Cr70.5
640%+Flat₹13,546 Cr—

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Pro shows every company guiding 40%+ revenue growth →Full Finance ranking

Piramal Finance announcements

All announcements →

Financials of Piramal Finance

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Shareholder Pattern

Piramal Finance

Shareholding breakup across reporting periods.

Dec 2019Mar 2020Jun 2020Sep 2020Dec 2020Mar 2021Jun 2021Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters +39.21%39.21%39.21%39.21%39.21%39.21%39.21%46.16%46.16%46.16%46.16%44.22%
FIIs +6.45%3.15%2.89%2.47%2.47%1.92%0.25%15.10%15.57%14.63%15.45%15.61%
DIIs +3.50%3.46%3.45%3.45%3.45%3.45%3.45%14.46%16.26%18.80%18.63%21.75%
Public +50.84%54.18%54.45%54.87%54.87%55.42%57.09%23.78%21.59%20.10%19.54%18.38%
Others +0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.49%0.41%0.30%0.22%0.04%
No. of Shareholders3,39,4223,35,4743,35,2923,25,7783,26,7693,34,2603,48,0062,31,5642,09,5292,01,8731,97,9261,93,361

Pros & Cons

Piramal Finance

Key positives and risks surfaced from the company insights section.

Pros
  • Company has low interest coverage ratio.
  • Promoter holding has decreased over last quarter: -1.94%
  • Tax rate seems low
  • Company has a low return on equity of 0.55% over last 3 years.
  • Dividend payout has been low at 5.51% of profits over last 3 years
  • Working capital days have increased from -7.71 days to 83.6 days
Raw Insights
  • Company has low interest coverage ratio.
  • Promoter holding has decreased over last quarter: -1.94%
  • Tax rate seems low
  • Company has a low return on equity of 0.55% over last 3 years.
  • Dividend payout has been low at 5.51% of profits over last 3 years
  • Working capital days have increased from -7.71 days to 83.6 days

Financials of Piramal Finance

Quarterly Results

Quarter-by-quarter operating performance

Dec 2022Mar 2023Dec 2023Mar 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales +1,7511,6401,6891,7172,3652,8252,8542,6392,8722,9183,4243,3563,659
Expenses +1,5709667292,7809361,3741,5379199229831,9781,2831,290
Operating Profit181674960-1,0631,4291,4511,3171,7211,9491,9351,4462,0732,369
OPM %10%41%57%-62%60%51%46%65%68%66%42%62%65%
Other Income +7-10,250-1,8552491215826912911961,37716095
Interest8348489289991,3051,3641,4171,4921,5671,6461,6741,7341,825
Depreciation2237384555545357144576455658
Profit before tax-668-10,461-1,862-1,85819091116301249328505443580
Tax %-523%-14%-31%-60%14%57%12%8%-31%-22%1%-4%6%
Net Profit +2,824-8,982-1,282-75216339102276327401502461545
EPS in Rs1.32-4.20-0.60-0.320.070.020.040.1114.4217.6922.1420.2522.76

Financials of Piramal Finance

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales +6,4207,83511,46510,84912,8829,5588,7716,0396,6446,72910,37511,90313,357
Expenses +9681,1961,4771,4134,49621,82428,6211,8595,6604,9154,6084,8015,534
Operating Profit5,4516,6399,9899,4368,386-12,266-19,8504,1809841,8145,7677,1027,823
OPM %85%85%87%87%65%-128%-226%69%15%27%56%60%59%
Other Income +24641-221932-62-10,210-1,6183731,5631,728
Interest4,4605,4926,6747,7449,4175,7362183,3373,4703,6595,2826,3796,879
Depreciation273043285179815297152214903816
Profit before tax9661,1213,2761,706-1,104-18,063-20,117728-12,794-3,6166451,3831,856
Tax %34%34%15%27%-11%-26%-25%26%-42%-45%25%-9%
Net Profit +6427492,8061,263-966-13,456-15,051540-7,401-1,9754851,5061,909
EPS in Rs22.0525.6889.6240.28-30.78-428.77-479.610.25-3.46-0.850.1966.3682.84
Dividend Payout %14%31%4%14%0%0%0%0%0%0%0%17%

Financials of Piramal Finance

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026
Equity Capital14629231331431431431421,36521,36523,365454547
Reserves4,8365,0987,4178,6847,624-5,860-20,959823-6,584-8,47027,05128,10330,895
Borrowings +48,88161,05081,51191,97996,81290,41289,85146,41641,23345,68065,57779,98985,809
Other Liabilities +1,5672,8053,0485,3671,8539641,15311,0366,2535,2832,2712,4093,007
Total Liabilities55,42969,24592,290106,344106,60285,83070,35979,64062,26665,85894,943110,546119,758
Fixed Assets +19150821185086592094010,8201,6161,7683,2682,3522,468
CWIP810590634129104105012410431160
Investments1,7511,81113,5098,1202,4983,8818,44913,85112,9668,30712,5399,8148,706
Other Assets +52,67766,33677,93697,245103,13580,92460,97054,95647,68155,77379,09498,264108,583
Total Assets55,42969,24592,290106,344106,60285,83070,35979,64062,26665,85894,943110,546119,758

Financials of Piramal Finance

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +-12,272-12,582-15,593-18,136-8,73512,5767,1358,6616,723-1,928-8,119-15,892
Cash from Investing Activity +-86624-10,9306,0916,135644-4,52676472-816-4712,631
Cash from Financing Activity +12,64315,41626,28911,1731,937-7,6310-8,366-9,4872,77311,62512,393
Net Cash Flow-4962,858-234-872-6635,5892,6091,060-2,691293,035-869
Free Cash Flow-12,315-12,710-15,693-18,319-8,82012,5567,1398,6156,694-2,149-8,160-15,949
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit-220%-184%-148%-188%-99%-103%-36%217%683%-106%-141%-224%

Financials of Piramal Finance

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days11100100000000
Inventory Days
Days Payable
Cash Conversion Cycle11100100000000
Working Capital Days-585-661-346-421-623834-495-230-1787184
ROCE %11%10%10%8%-13%-26%6%1%3%8%6%

Guidance history

How Piramal Finance's guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q1 FY27 call →20–40%FlatPlannedPlanned—
Q4 FY26 call →20–40%FlatPlannedNone plannedRising
Q4 FY26 call →20–40%FlatPlannedNone plannedRising
Q3 FY26 call →20–40%FlatPlanned—Rising

What management guided on each call, newest first. Not investment advice, and not a forecast of returns.

Continue your research

What Piramal Finance's management said in earlier quarters

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