Pilani Investment & Industries Corporation Ltd: Intrinsic Value & Share Price Analysis

Q: Is Pilani Investment & Industries Corporation Ltd financially healthy?

Key indicators: ROCE of 1.41 % is on the lower side. Dividend yield is 0.21 %.

Fair Value

₹344.74Overvalued by 92.10%vs CMP ₹4,362.00

P/E (15.0) × ROE (0.2%) × BV (₹14,334.00) × DY (0.21%)

Defaults: P/E=15

₹1,985.38Overvalued by 54.48%vs CMP ₹4,362.00

MoS: -119.7% (Negative)Confidence: 56/100 (Moderate)Models: 1 Under, 6 Over

Model	Category	Value	Weight	Signal
PE-ROE	Earnings	₹123.88	26%	Over (-97.2%)
Graham Number	Earnings	₹592.91	23%	Over (-86.4%)
Net Asset Value	Assets	₹14,333.19	10%	Under (+228.6%)
EV/EBITDA	Enterprise	₹468.71	13%	Over (-89.3%)
Earnings Yield	Earnings	₹10.90	10%	Over (-99.8%)
ROCE Capital	Returns	₹2,473.88	10%	Over (-43.3%)
Revenue Multiple	Revenue	₹413.17	8%	Over (-90.5%)
Consensus (7 models)		₹1,985.38	100%	Overvalued

Key Drivers: EPS CAGR -64.1% drags value — could be higher if earnings stabilize. | ROE 0.2% is below cost of equity.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -64.1% · Defaults: P/E=15

*Investments are subject to market risks

Analyst Summary

Pilani Investment & Industries Corporation Ltd operates in the Finance & Investments segment, NSE: PILANIINVS | BSE: 539883, current market price is ₹4,362.00, market cap is 4,830 Cr.. At a glance, ROE is 0.20 %, ROCE is 1.41 %, book value is 14,334, dividend yield is 0.21 %. The latest intrinsic value estimate is ₹1,985.38, around 54.5% below the current price, so expectations may already be running ahead of this modelled fair value. On operating trend, latest reported sales are about ₹305 Cr versus the prior period change of 6.6%, while latest net profit is about ₹98 Cr with a prior-period change of -41.0%. The 52-week range shown on this page is 5,980/4,092, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisPilani Investment and Industries Corporation Ltd. is a Public Limited Listed company incorporated on 01/01/1901 and has its registered office in the State of West Bengal, India. Company's Corporate Id…

This summary is generated from the stock page data available for Pilani Investment & Industries Corporation Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

Pilani Investment & Industries Corporation Ltd scores 51/100 (Average)

Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison

Stock Health58/100 · Moderate

ROCE 1.4% WeakROE 0.2% WeakD/E 0.08 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent

Smart Money65/100 · Strong

FII holding stable No changeDII holding up 0.93% MF buyingPromoter holding at 58.7% Stable

Earnings Quality60/100 · Moderate

OPM stable around 96% SteadyWorking capital: -25 days (improving) Efficient

Quarterly Momentum40/100 · Moderate

Revenue (4Q): -4% YoY FlatProfit (4Q): -99% YoY Declining

Industry Rank25/100 · Weak

ROCE 1.4% vs industry 9.5% Below peersROE 0.2% vs industry 24.0% Below peers3Y sales CAGR: 6% Slow

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily.

Share Price and Basic Stock Data

Last Updated: August 25, 2026, 7:41 am

Market Cap	4,830 Cr.
Current Price	4,362
Intrinsic Value	₹1,985.38
High / Low	5,980/4,092
Stock P/E
Book Value	14,334
Dividend Yield	0.21 %
ROCE	1.41 %
ROE	0.20 %
Face Value	10.0
PEG Ratio	0.00

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for Pilani Investment & Industries Corporation Ltd

Competitors

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Pilani Investment & Industries Corporation Ltd	4,830 Cr.	4,362	5,980/4,092		14,334	0.21 %	1.41 %	0.20 %	10.0
Paisalo Digital Ltd	6,319 Cr.	69.5	77.6/29.9	25.1	19.7	0.14 %	12.3 %	14.3 %	1.00
Nalwa Sons Investments Ltd	2,942 Cr.	5,724	8,778/4,659	53.1	29,541	0.00 %	0.48 %	0.34 %	10.0
Ujjivan Financial Services Ltd	7,179 Cr.	590	/	8.75	299	0.00 %	10.3 %	32.1 %	10.0
Summit Securities Ltd	1,545 Cr.	1,417	2,559/1,306	12.9	7,847	0.00 %	1.52 %	1.14 %	10.0
Industry Average	20,715.38 Cr	1,282.36		37.08	3,242.00	0.41%	9.49%	24.01%	6.58

All Competitor Stocks of Pilani Investment & Industries Corporation Ltd

Quarterly Result

Metric	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Sales	52	54	55	107	62	63	62	123	61	57	50	129	60
Expenses	1	3	2	2	5	1	2	2	5	6	4	21	4
Operating Profit	51	51	53	104	57	62	60	121	56	51	46	108	55
OPM %	97%	95%	96%	98%	92%	98%	97%	98%	93%	90%	93%	84%	93%
Other Income	0	1	0	0	0	0	0	2	1	3	0	0	0
Interest	13	16	16	17	19	22	20	20	20	29	40	39	42
Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0
Profit before tax	38	37	36	87	38	40	40	103	37	24	6	69	13
Tax %	13%	26%	25%	26%	27%	25%	25%	25%	28%	25%	28%	28%	26%
Net Profit	36	75	25	54	56	31	33	78	13	-25	-4	45	-14
EPS in Rs	32.56	67.81	22.85	48.95	50.14	28.40	29.36	70.18	12.08	-22.66	-3.63	40.38	-13.00

Last Updated: March 3, 2026, 3:47 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 25, 2026, 9:16 am

Metric	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	45	32	28	35	30	25	126	199	258	279	286	305	295
Expenses	3	6	6	4	4	3	11	7	7	7	10	14	35
Operating Profit	43	26	22	31	26	22	115	191	250	272	276	291	260
OPM %	94%	80%	78%	90%	87%	87%	91%	96%	97%	98%	96%	95%	88%
Other Income	3	0	0	0	-2	0	0	1	0	1	0	2	3
Interest	0	0	0	0	0	19	43	52	59	65	74	88	150
Depreciation	0	0	0	1	1	0	0	0	0	0	0	0	0
Profit before tax	45	26	22	30	23	3	72	140	191	208	202	204	113
Tax %	8%	7%	6%	9%	12%	-294%	25%	24%	24%	25%	26%	26%
Net Profit	-61	-35	10	43	20	2,017	175	97	201	246	166	98	1
EPS in Rs	-55.12	-31.52	8.79	38.50	120.69	1,817.32	157.61	87.30	181.91	222.11	150.34	88.94	1.09
Dividend Payout %	-32%	-57%	203%	46%	15%	1%	11%	17%	8%	7%	10%	17%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024	2024-2025
YoY Net Profit Growth (%)	42.62%	128.57%	330.00%	-53.49%	9985.00%	-91.32%	-44.57%	107.22%	22.39%	-32.52%	-40.96%
Change in YoY Net Profit Growth (%)	0.00%	85.95%	201.43%	-383.49%	10038.49%	-10076.32%	46.75%	151.79%	-84.83%	-54.91%	-8.44%

Pilani Investment & Industries Corporation Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:	25%
5 Years:	19%
3 Years:	6%
TTM:	-1%

Compounded Profit Growth
10 Years:	17%
5 Years:	-11%
3 Years:	-21%
TTM:	-64%

Stock Price CAGR
10 Years:	%
5 Years:	35%
3 Years:	43%
1 Year:	-7%

Return on Equity
10 Years:	4%
5 Years:	1%
3 Years:	1%
Last Year:	1%

Last Updated: September 5, 2025, 12:15 pm

Balance Sheet

Last Updated: July 13, 2026, 3:30 am

Month	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	8	8	8	8	8	8	11	11	11	11	11	11
Reserves	1,190	1,172	1,211	5,875	5,100	5,103	9,838	11,091	11,158	14,596	15,969	15,860
Borrowings	2	2	2	0	245	420	810	1,066	736	949	1,937	2,391
Other Liabilities	27	29	3	14	22	115	391	542	511	893	1,400	1,318
Total Liabilities	1,226	1,211	1,224	5,897	5,375	5,646	11,050	12,711	12,416	16,449	19,317	19,581
Fixed Assets	3	3	3	5	5	5	4	4	4	4	4	4
CWIP	0	0	0	0	0	0	0	0	0	0	0	0
Investments	1,146	1,191	1,212	5,886	5,363	4,186	9,001	10,376	10,274	14,015	17,386	18,939
Other Assets	78	17	9	6	7	1,455	2,045	2,331	2,138	2,430	1,927	638
Total Assets	1,226	1,211	1,224	5,897	5,375	5,646	11,050	12,711	12,416	16,449	19,317	19,581

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity +	26	26	16	19	17	-1,388	-442	-100	417	-87	631	1,347
Cash from Investing Activity +	-5	-6	8	3	-214	1,283	121	-76	-8	-72	-1,629	-1,798
Cash from Financing Activity +	-23	-24	-24	-21	198	108	318	181	-412	196	972	438
Net Cash Flow	-2	-3	-0	-0	0	4	-3	4	-3	37	-26	-13
Free Cash Flow	26	26	16	19	17	-1,388	-442	-100	417	-87	631	1,347
CFO/OP	112%	123%	60%	73%	121%	-1,139%	-204%	-21%	172%	-12%	235%	547%

Free Cash Flow

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Free Cash Flow	43.00	24.00	20.00	29.00	26.00	-223.00	-305.00	-619.00	249.00	-464.00	-673.00	290.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	3	6	6	3	3	8	2	1	0	1	0	1
Inventory Days
Days Payable
Cash Conversion Cycle	3	6	6	3	3	8	2	1	0	1	0	1
Working Capital Days	279	424	-351	-20	-48	-294	36	-18	-15	-15	-13	-25
ROCE %	3%	2%	2%	3%	1%	0%	2%	2%	2%	2%	2%	2%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Promoters	57.55%	57.55%	57.55%	57.55%	57.55%	57.55%	57.55%	57.95%	58.12%	58.24%	58.68%	58.68%
FIIs	0.53%	0.50%	0.47%	0.45%	0.56%	0.35%	0.38%	0.49%	0.43%	0.42%	0.43%	0.42%
DIIs	0.26%	0.25%	0.25%	0.25%	0.39%	0.39%	0.40%	0.48%	0.48%	1.36%	1.38%	1.41%
Public	41.65%	41.70%	41.74%	41.75%	41.51%	41.71%	41.68%	41.08%	40.98%	39.97%	39.52%	39.49%
No. of Shareholders	13,626	13,116	13,415	13,897	14,797	19,332	19,447	19,273	18,819	18,709	17,854	17,621

Shareholding Pattern Chart

No. of Shareholders

Pilani Investment & Industries Corporation Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	88.95	150.34	222.11	181.92	87.30
Diluted EPS (Rs.)	88.95	150.34	222.11	181.92	87.30
Cash EPS (Rs.)	137.38	135.43	141.07	132.44	96.80
Book Value[Excl.RevalReserv]/Share (Rs.)	14432.49	13192.60	10087.76	10027.07	8895.19
Book Value[Incl.RevalReserv]/Share (Rs.)	14432.49	13192.60	10087.76	10027.07	8895.19
Revenue From Operations / Share (Rs.)	272.88	258.58	251.66	232.60	179.45
PBDIT / Share (Rs.)	264.72	249.39	246.43	226.42	173.63
PBIT / Share (Rs.)	264.51	249.19	246.18	226.10	173.22
PBT / Share (Rs.)	184.69	182.09	187.47	172.87	126.17
Net Profit / Share (Rs.)	137.17	135.23	140.82	132.12	96.40
NP After MI And SOA / Share (Rs.)	88.94	150.34	222.11	181.92	87.30
PBDIT Margin (%)	97.01	96.44	97.91	97.34	96.75
PBIT Margin (%)	96.93	96.36	97.81	97.20	96.53
PBT Margin (%)	67.68	70.41	74.49	74.32	70.30
Net Profit Margin (%)	50.26	52.29	55.95	56.80	53.71
NP After MI And SOA Margin (%)	32.59	58.13	88.25	78.20	48.64
Return on Networth / Equity (%)	0.61	1.13	2.20	1.81	0.98
Return on Capital Employeed (%)	1.68	1.67	2.25	2.03	1.80
Return On Assets (%)	0.50	1.01	1.98	1.58	0.87
Long Term Debt / Equity (X)	0.00	0.06	0.03	0.06	0.04
Total Debt / Equity (X)	0.12	0.06	0.06	0.09	0.08
Asset Turnover Ratio (%)	0.01	0.01	0.02	0.02	0.02
Current Ratio (X)	9.90	2555.03	37.27	31.64	27.49
Quick Ratio (X)	9.90	2555.03	37.27	31.64	27.49
Dividend Payout Ratio (NP) (%)	16.86	9.97	6.75	8.24	20.45
Dividend Payout Ratio (CP) (%)	16.82	9.96	6.74	8.23	20.36
Earning Retention Ratio (%)	83.14	90.03	93.25	91.76	79.55
Cash Earning Retention Ratio (%)	83.18	90.04	93.26	91.77	79.64
Interest Coverage Ratio (X)	3.32	3.72	4.20	4.25	3.69
Interest Coverage Ratio (Post Tax) (X)	2.72	3.02	3.40	3.48	3.05
Enterprise Value (Cr.)	6153.02	4677.65	2524.42	2939.86	2541.88
EV / Net Operating Revenue (X)	20.36	16.34	9.06	11.41	12.79
EV / EBITDA (X)	20.99	16.94	9.25	11.73	13.22
MarketCap / Net Operating Revenue (X)	14.02	13.19	6.45	7.30	8.84
Retention Ratios (%)	83.13	90.02	93.24	91.75	79.54
Price / BV (X)	0.26	0.25	0.16	0.16	0.17
Price / Net Operating Revenue (X)	14.02	13.19	6.45	7.30	8.84
EarningsYield	0.02	0.04	0.13	0.10	0.05

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

[display_about_company_data title=”About the Company – Qualitative Analysis”]

FAQ

What is the intrinsic value of Pilani Investment & Industries Corporation Ltd and is it undervalued?

As of 13 September 2026, Pilani Investment & Industries Corporation Ltd's intrinsic value is ₹1985.38, which is 54.48% lower than the current market price of ₹4,362.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (0.20 %), book value (₹14,334), dividend yield (0.21 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Pilani Investment & Industries Corporation Ltd?

Pilani Investment & Industries Corporation Ltd is trading at ₹4,362.00 as of 13 September 2026, with a FY2026-2027 high of ₹5,980 and low of ₹4,092. The stock is currently near its 52-week low. Market cap stands at ₹4,830 Cr..

How does Pilani Investment & Industries Corporation Ltd's P/E ratio compare to its industry?

Pilani Investment & Industries Corporation Ltd has a P/E ratio of , which is below the industry average of 37.08. This is broadly in line with or below the industry average.

Is Pilani Investment & Industries Corporation Ltd financially healthy?

Key indicators for Pilani Investment & Industries Corporation Ltd: ROCE of 1.41 % is on the lower side compared to the industry average of 9.49%; ROE of 0.20 % is below ideal levels (industry average: 24.01%). Dividend yield is 0.21 %.

Is Pilani Investment & Industries Corporation Ltd profitable and how is the profit trend?

Pilani Investment & Industries Corporation Ltd reported a net profit of ₹98 Cr in Mar 2025 on revenue of ₹305 Cr. Compared to ₹201 Cr in Mar 2022, the net profit shows a declining trend.

Does Pilani Investment & Industries Corporation Ltd pay dividends?

Pilani Investment & Industries Corporation Ltd has a dividend yield of 0.21 % at the current price of ₹4,362.00. The company pays dividends, though the yield is modest.