Pioneer Investcorp Ltd: Intrinsic Value & Share Price Analysis

Q: What is the current share price and 52-week range of Pioneer Investcorp Ltd?

Pioneer Investcorp Ltd is trading at 98.70 as of 14 June 2026, with a FY2026-2027 high of 136 and low of 55.0. The stock is currently in the middle of its 52-week range. Market cap stands at 121 Cr..

Q: Is Pioneer Investcorp Ltd financially healthy?

Key indicators: ROCE of 11.0 % is moderate. Dividend yield is 0.00 %.

Q: Is Pioneer Investcorp Ltd profitable and how is the profit trend?

Pioneer Investcorp Ltd reported a net profit of 8 Cr in Mar 2025 on revenue of 47 Cr. Compared to 4 Cr in Mar 2022, the net profit shows an improving trend.

Fair Value

₹84.64Overvalued by 14.25%vs CMP ₹98.70

P/E (7.6) × ROE (9.7%) × BV (₹140.00) × DY (2.00%)

₹156.55Undervalued by 58.61%vs CMP ₹98.70

MoS: +37% (Strong)Confidence: 59/100 (Moderate)Models: 7 Under, 1 Over

Model	Category	Value	Weight	Signal
PE-ROE	Earnings	₹114.73	26%	Under (+16.2%)
Graham Number	Earnings	₹209.02	19%	Under (+111.8%)
DCF	Cash Flow	₹282.30	13%	Under (+186%)
Net Asset Value	Assets	₹133.78	8%	Under (+35.5%)
EV/EBITDA	Enterprise	₹137.85	11%	Under (+39.7%)
Earnings Yield	Earnings	₹138.70	8%	Under (+40.5%)
ROCE Capital	Returns	₹133.22	8%	Under (+35%)
Revenue Multiple	Revenue	₹38.34	6%	Over (-61.2%)
Consensus (8 models)		₹156.55	100%	Undervalued

Key Drivers: EPS CAGR 35.6% lifts DCF — verify sustainability. | Wide model spread (₹38–₹282) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 35.6%

*Investments are subject to market risks

Analyst Summary

Pioneer Investcorp Ltd operates in the Finance & Investments segment, NSE: PIONRINV | BSE: 507864, current market price is ₹98.70, market cap is 121 Cr.. At a glance, stock P/E is 7.63, ROE is 9.71 %, ROCE is 11.0 %, book value is 140, dividend yield is 0.00 %. The latest intrinsic value estimate is ₹156.55, which is about 58.6% above the current price, so the page currently reads as potentially undervalued rather than fully priced. On operating trend, latest reported sales are about ₹47 Cr versus the prior period change of 14.6%, while latest net profit is about ₹8 Cr with a prior-period change of 100.0%. The 52-week range shown on this page is 136/55.0, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisPioneer Investcorp Ltd. is a Public Limited Listed company incorporated on 23/01/1984 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) i…

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

Investment Snapshot

Pioneer Investcorp Ltd scores 67/100 (Average)

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

Stock Health65/100 · Strong

ROCE 11.0% AverageROE 9.7% AverageD/E 0.76 ModerateInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent

Smart Money50/100 · Moderate

FII holding stable No changePromoter holding at 65.5% Stable

Earnings Quality55/100 · Moderate

OPM expanding (39% → 45%) ImprovingWorking capital: 838 days Capital intensive

Quarterly Momentum100/100 · Strong

Revenue (4Q): +40% YoY AcceleratingProfit (4Q): +103% YoY StrongOPM: 61.5% (up 19.2% YoY) Margin expansion

Industry Rank55/100 · Moderate

P/E 7.6 vs industry 41.7 Cheaper than peersROCE 11.0% vs industry 9.5% AverageROE 9.7% vs industry 24.1% Below peers3Y sales CAGR: 9% Moderate

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: June 12, 2026, 7:17 am

Market Cap	121 Cr.
Current Price	98.7
Intrinsic Value	₹156.55
High / Low	136/55.0
Stock P/E	7.63
Book Value	140
Dividend Yield	0.00 %
ROCE	11.0 %
ROE	9.71 %
Face Value	10.0
PEG Ratio	0.21

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

Stock P/E Current Price Intrinsic Value

View Share Price Target for Pioneer Investcorp Ltd

Competitors

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Pioneer Investcorp Ltd	121 Cr.	98.7	136/55.0	7.63	140	0.00 %	11.0 %	9.71 %	10.0
Keynote Financial Services Ltd	138 Cr.	248	382/220	20.0	260	0.40 %	6.90 %	4.88 %	10.0
Naga Dhunseri Group Ltd	247 Cr.	2,467	4,487/2,100		12,936	0.10 %	0.14 %	1.06 %	10.0
Muthoot Capital Services Ltd	320 Cr.	195	367/175	25.9	408	0.00 %	8.87 %	1.86 %	10.0
MKVentures Capital Ltd	347 Cr.	903	1,890/732	31.1	296	0.03 %	14.0 %	10.3 %	10.0
Industry Average	17,604.30 Cr	1,186.59		41.69	3,241.06	0.47%	9.50%	24.14%	6.58

All Competitor Stocks of Pioneer Investcorp 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	6.44	9.66	8.35	7.34	8.43	11.45	8.64	8.00	9.66	9.91	15.31	15.57	11.93
Expenses	5.60	5.59	5.26	5.07	5.47	8.63	5.10	7.06	5.57	7.96	8.43	7.72	4.59
Operating Profit	0.84	4.07	3.09	2.27	2.96	2.82	3.54	0.94	4.09	1.95	6.88	7.85	7.34
OPM %	13.04%	42.13%	37.01%	30.93%	35.11%	24.63%	40.97%	11.75%	42.34%	19.68%	44.94%	50.42%	61.53%
Other Income	0.21	0.14	0.11	0.02	0.21	6.88	2.67	3.87	0.82	7.07	1.72	0.82	1.49
Interest	1.72	2.39	2.32	1.82	2.50	4.01	2.26	4.10	3.01	3.83	4.02	2.39	2.23
Depreciation	0.27	0.15	0.25	0.26	0.27	0.28	0.24	0.23	0.20	0.39	0.17	0.17	0.25
Profit before tax	-0.94	1.67	0.63	0.21	0.40	5.41	3.71	0.48	1.70	4.80	4.41	6.11	6.35
Tax %	11.70%	84.43%	49.21%	47.62%	27.50%	38.45%	11.32%	41.67%	12.35%	40.83%	18.14%	20.79%	9.29%
Net Profit	-1.05	0.27	0.32	0.11	0.30	3.34	3.29	0.28	1.49	2.84	3.61	4.85	5.76
EPS in Rs	-0.85	0.22	0.26	0.09	0.24	2.72	2.68	0.23	1.21	2.31	2.94	3.94	4.68

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	31	34	25	63	40	38	43	31	36	32	41	47	53
Expenses	22	17	18	24	31	28	26	19	20	21	24	24	29
Operating Profit	9	17	8	39	9	10	17	12	16	11	17	23	24
OPM %	30%	50%	31%	62%	23%	27%	39%	40%	44%	34%	40%	49%	46%
Other Income	-14	0	0	0	0	0	0	0	0	0	2	3	11
Interest	13	9	8	13	7	8	11	8	10	7	11	14	12
Depreciation	2	1	1	1	1	1	1	1	1	1	1	1	1
Profit before tax	-19	8	-1	25	1	2	5	3	5	4	7	11	22
Tax %	7%	18%	-35%	30%	74%	-4%	38%	68%	25%	43%	39%	26%
Net Profit	-21	6	-1	18	0	2	3	1	4	2	4	8	17
EPS in Rs	-16.96	5.04	-0.69	14.48	0.26	1.57	2.53	0.72	3.03	1.68	3.31	6.42	13.87
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2014-2015	2015-2016	2016-2017	2017-2018	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024	2024-2025
YoY Net Profit Growth (%)	128.57%	-116.67%	1900.00%	-100.00%	50.00%	-66.67%	300.00%	-50.00%	100.00%	100.00%
Change in YoY Net Profit Growth (%)	0.00%	-245.24%	2016.67%	-2000.00%	150.00%	-116.67%	366.67%	-350.00%	150.00%	0.00%

Pioneer Investcorp Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 10 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:	3%
5 Years:	2%
3 Years:	9%
TTM:	20%

Compounded Profit Growth
10 Years:	2%
5 Years:	20%
3 Years:	28%
TTM:	17%

Stock Price CAGR
10 Years:	18%
5 Years:	17%
3 Years:	29%
1 Year:	7%

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

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

Balance Sheet

Last Updated: December 4, 2025, 1:47 am

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	Sep 2025
Equity Capital	13	13	13	13	13	13	13	13	13	13	13	13	13
Reserves	91	96	96	113	110	112	117	119	124	126	135	143	151
Borrowings	64	66	34	50	46	73	42	103	51	84	108	143	71
Other Liabilities	15	18	8	20	10	9	9	8	16	24	149	150	137
Total Liabilities	183	193	151	197	179	207	182	243	205	248	406	449	372
Fixed Assets	5	3	2	3	4	5	6	5	5	4	5	5	6
CWIP	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments	2	7	4	15	16	17	16	16	18	18	119	122	124
Other Assets	176	183	145	179	158	186	160	222	182	226	282	322	242
Total Assets	183	193	151	197	179	207	182	243	205	248	406	449	372

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 +	10	29	10	17	-12	32	-55	68	-30	-23	-25	68
Cash from Investing Activity +	1	5	-11	-1	-1	6	1	-2	1	6	5	-25
Cash from Financing Activity +	-7	-40	3	-12	20	-43	52	-62	26	11	21	-46
Net Cash Flow	4	-6	1	4	7	-5	-2	5	-2	-6	1	-3
Free Cash Flow	10	29	9	15	-12	30	-55	67	-30	-24	-25	64
CFO/OP	63%	387%	48%	189%	-103%	194%	-438%	437%	-258%	-132%	-98%	358%

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	-55.00	-49.00	-26.00	-11.00	-37.00	-63.00	-25.00	-91.00	-35.00	-73.00	-91.00	-120.00

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	1,315.38	1,130.90	1,350.28	569.48	924.64	1,027.00	1,130.25	1,396.54	1,043.61	1,660.28	1,239.93	1,042.71
Inventory Days
Days Payable
Cash Conversion Cycle	1,315.38	1,130.90	1,350.28	569.48	924.64	1,027.00	1,130.25	1,396.54	1,043.61	1,660.28	1,239.93	1,042.71
Working Capital Days	928.92	823.61	1,181.97	559.17	800.52	928.97	1,030.89	2,347.12	1,488.18	2,113.00	686.47	837.55
ROCE %	3.63%	9.67%	4.51%	24.25%	4.86%	5.19%	8.42%	5.52%	6.94%	4.93%	7.22%	8.82%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Promoters	64.80%	64.80%	64.80%	64.80%	64.80%	64.80%	64.80%	64.80%	64.80%	64.80%	65.34%	65.46%
FIIs	3.79%	3.79%	3.79%	3.79%	3.79%	3.79%	3.79%	3.59%	2.99%	2.99%	2.99%	2.99%
DIIs	0.22%	0.22%	0.22%	0.22%	0.22%	0.22%	0.22%	0.22%	0.22%	0.22%	0.22%	0.22%
Public	31.18%	31.19%	31.19%	31.18%	31.19%	31.18%	31.19%	31.40%	32.01%	31.99%	31.46%	31.33%
No. of Shareholders	4,078	4,094	4,116	4,086	4,093	4,118	4,112	4,811	4,932	4,853	4,895	4,732

Shareholding Pattern Chart

No. of Shareholders

Pioneer Investcorp 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.)	6.42	3.31	1.67	2.98	0.72
Diluted EPS (Rs.)	6.42	3.31	1.67	2.98	0.72
Cash EPS (Rs.)	4.84	2.61	2.33	3.73	1.59
Book Value[Excl.RevalReserv]/Share (Rs.)	120.85	114.71	108.00	106.21	102.23
Book Value[Incl.RevalReserv]/Share (Rs.)	120.85	114.71	108.00	106.21	102.23
Revenue From Operations / Share (Rs.)	28.07	27.58	24.72	27.59	23.59
PBDIT / Share (Rs.)	17.24	12.87	8.60	12.22	9.65
PBIT / Share (Rs.)	16.42	12.05	7.87	11.39	8.74
PBT / Share (Rs.)	6.18	3.79	2.79	3.87	2.17
Net Profit / Share (Rs.)	4.01	1.78	1.59	2.90	0.68
NP After MI And SOA / Share (Rs.)	6.12	3.15	1.59	2.90	0.68
PBDIT Margin (%)	61.40	46.67	34.79	44.30	40.89
PBIT Margin (%)	58.48	43.69	31.81	41.27	37.03
PBT Margin (%)	22.01	13.75	11.26	14.04	9.19
Net Profit Margin (%)	14.30	6.47	6.44	10.49	2.89
NP After MI And SOA Margin (%)	21.79	11.44	6.44	10.49	2.89
Return on Networth / Equity (%)	5.06	2.75	1.47	2.72	0.66
Return on Capital Employeed (%)	12.94	10.16	6.99	10.45	8.34
Return On Assets (%)	1.75	1.00	0.82	1.82	0.36
Long Term Debt / Equity (X)	0.00	0.00	0.01	0.00	0.00
Total Debt / Equity (X)	0.91	0.73	0.60	0.35	0.76
Asset Turnover Ratio (%)	0.08	0.10	0.14	0.15	0.14
Current Ratio (X)	1.52	1.55	2.34	3.04	2.01
Quick Ratio (X)	1.20	1.29	2.06	2.73	1.27
Inventory Turnover Ratio (X)	0.46	0.00	0.00	0.00	0.00
Interest Coverage Ratio (X)	1.68	1.56	1.69	1.63	1.47
Interest Coverage Ratio (Post Tax) (X)	1.39	1.22	1.31	1.39	1.10
Enterprise Value (Cr.)	218.96	161.47	110.61	76.43	124.47
EV / Net Operating Revenue (X)	6.05	4.54	3.47	2.15	4.09
EV / EBITDA (X)	9.85	9.73	9.97	4.85	10.00
MarketCap / Net Operating Revenue (X)	2.31	1.67	1.21	1.21	1.12
Price / BV (X)	0.53	0.40	0.27	0.31	0.25
Price / Net Operating Revenue (X)	2.31	1.67	1.21	1.21	1.12
EarningsYield	0.09	0.06	0.05	0.08	0.02

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Pioneer Investcorp Ltd. is a Public Limited Listed company incorporated on 23/01/1984 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L65990MH1984PLC031909 and registration number is 031909. Currently company belongs to the Industry of Finance & Investments. Company's Total Operating Revenue is Rs. 34.33 Cr. and Equity Capital is Rs. 12.89 Cr. for the Year ended 31/03/2026.

INDUSTRY	ADDRESS	CONTACT
Finance & Investments	1218, Maker Chambers V, Mumbai Maharashtra 400021	Contact not found

Management
Name	Position Held
Mr. Gaurang Gandhi	Managing Director
Mr. Tushya Jatia	Non Executive Director
Mr. A T Krishnakumar	Ind. Non-Executive Director
Mr. Shailesh Dalal	Ind. Non-Executive Director
Mr. Raj Singh	Ind. Non-Executive Director
Mrs. Saraswathy Sadasivan	Ind. Non-Executive Director

FAQ

What is the intrinsic value of Pioneer Investcorp Ltd and is it undervalued?

As of 14 June 2026, Pioneer Investcorp Ltd's intrinsic value is ₹156.55, which is 58.61% higher than the current market price of ₹98.70, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (9.71 %), book value (₹140), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Pioneer Investcorp Ltd?

Pioneer Investcorp Ltd is trading at ₹98.70 as of 14 June 2026, with a FY2026-2027 high of ₹136 and low of ₹55.0. The stock is currently in the middle of its 52-week range. Market cap stands at ₹121 Cr..

How does Pioneer Investcorp Ltd's P/E ratio compare to its industry?

Pioneer Investcorp Ltd has a P/E ratio of 7.63, which is below the industry average of 41.69. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is Pioneer Investcorp Ltd financially healthy?

Key indicators for Pioneer Investcorp Ltd: ROCE of 11.0 % is moderate. Dividend yield is 0.00 %.

Is Pioneer Investcorp Ltd profitable and how is the profit trend?

Pioneer Investcorp Ltd reported a net profit of ₹8 Cr in Mar 2025 on revenue of ₹47 Cr. Compared to ₹4 Cr in Mar 2022, the net profit shows an improving trend.

Does Pioneer Investcorp Ltd pay dividends?

Pioneer Investcorp Ltd has a dividend yield of 0.00 % at the current price of ₹98.70. The company is currently not paying meaningful dividends.