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Last Updated: March 6, 2026, 2:58 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 500302 | NSE: PEL

Piramal Enterprises Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹775.56Overvalued by 31.00%vs CMP ₹1,124.00

P/E (49.0) × ROE (1.6%) × BV (₹1,202.00) × DY (0.98%)

₹609.20Overvalued by 45.80%vs CMP ₹1,124.00
MoS: -84.5% (Negative)Confidence: 54/100 (Moderate)Models: 2 Fair, 6 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹616.9724%Over (-45.1%)
Graham NumberEarnings₹833.2117%Over (-25.9%)
Earnings PowerEarnings₹626.3912%Over (-44.3%)
DCFCash Flow₹252.2914%Over (-77.6%)
Net Asset ValueAssets₹1,195.158%Fair (+6.3%)
EV/EBITDAEnterprise₹94.3910%Over (-91.6%)
Earnings YieldEarnings₹256.708%Over (-77.2%)
ROCE CapitalReturns₹1,134.398%Fair (+0.9%)
Consensus (8 models)₹609.20100%Overvalued
Key Drivers: EPS CAGR -20.4% drags value — could be higher if earnings stabilize. | ROE 1.6% 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: -20.4%

*Investments are subject to market risks

Investment Snapshot

50
Piramal Enterprises Ltd scores 50/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health49/100 · Moderate
ROCE 6.8% WeakROE 1.6% WeakD/E 0.96 ModerateInterest Coverage 0.0x RiskyProfitable 4/5 years Consistent
Smart Money60/100 · Moderate
FII holding up 0.30% (6mo) Slight increasePromoter holding at 46.2% Stable
Earnings Quality50/100 · Moderate
Quarterly Momentum50/100 · Moderate
Industry Rank45/100 · Moderate
P/E 49.0 vs industry 171.3 Cheaper than peersROCE 6.8% vs industry 11.4% Below peersROE 1.6% vs industry 25.6% Below peers

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: March 6, 2026, 2:58 am

Market Cap 25,483 Cr.
Current Price 1,124
Intrinsic Value₹609.20
High / Low 1,356/873
Stock P/E49.0
Book Value 1,202
Dividend Yield0.98 %
ROCE6.78 %
ROE1.63 %
Face Value 2.00
PEG Ratio-2.40

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

View Share Price Target for Piramal Enterprises Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Piramal Enterprises Ltd 25,483 Cr. 1,124 1,356/87349.0 1,2020.98 %6.78 %1.63 % 2.00
Cholamandalam Financial Holdings Ltd 26,039 Cr. 1,387 2,299/1,30511.0 7280.09 %10.6 %19.1 % 1.00
Angel One Ltd 21,870 Cr. 241 328/20628.4 64.02.00 %25.8 %27.1 % 1.00
Manappuram Finance Ltd 21,618 Cr. 255 322/21953.0 1501.37 %11.0 %10.1 % 2.00
IIFL Finance Ltd 18,617 Cr. 438 675/30614.5 3050.91 %8.81 %4.90 % 2.00
Industry Average17,128.74 Cr1,145.63171.253,616.520.48%11.38%25.55%6.58

All Competitor Stocks of Piramal Enterprises Ltd

Quarterly Result

MetricJun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025
Revenue2,1601,8942,8112,1322,8782,1932,4762,4732,2272,2882,8252,8542,643
Interest 1,0441,0009599911,0421,0391,1031,1671,1961,3051,3641,4171,492
Expenses 5793,7831,8181,3181,1581,0751,2702,8517629361,3741,537922
Financing Profit538-2,89034-17867779103-1,5442694787-100229
Financing Margin %25%-153%1%-8%24%4%4%-62%12%2%3%-4%9%
Other Income 7,787687110244218-3,3961,5723019858269129
Depreciation 252730413738417125155545357
Profit before tax 8,301-2,230113-19468259-3,335-68424819091116301
Tax % 2%-31%-3,024%1%25%18%-29%-120%27%14%57%12%8%
Net Profit 8,155-1,5363,545-19650948-2,37813718116339102276
EPS in Rs 341.66-64.36148.53-8.2121.312.14-105.816.108.057.231.714.5412.19
Gross NPA %3.70%3.70%4.01%3.76%2.79%2.74%2.41%2.37%2.67%3.08%2.83%2.84%2.83%
Net NPA %1.80%1.30%1.69%1.93%1.47%1.48%1.11%0.83%1.08%1.46%1.46%1.85%2.01%

Last Updated: December 29, 2025, 3:09 pm

Quarterly Chart

Profit & Loss - Annual Report

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

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Revenue4,5035,1236,3428,50410,63111,88313,06812,8097,7268,98110,11010,37510,609
Interest 1,0505119592,0312,9784,1005,3214,2094,2253,9944,3445,2825,577
Expenses 3,8554,2334,7514,9975,4715,2646,8015,3382,1377,4346,3514,6084,768
Financing Profit-4023796311,4752,1822,5199473,2631,363-2,447-584485263
Financing Margin %-9%7%10%17%21%21%7%25%18%-27%-6%5%2%
Other Income 2142,9465792172601981,5557541,1168,560-1,865373655
Depreciation 24729025538247740152056174123829214220
Profit before tax -4353,0359541,3101,9642,3161,9823,4562,4055,991-3,278645698
Tax % 14%11%5%17%-146%37%99%59%17%-66%-49%25%
Net Profit -5012,8509051,2525,1201,464211,4131,9999,969-1,684485580
EPS in Rs -24.58139.7044.3561.39250.8170.261.0759.0880.57417.62-74.9221.5325.67
Dividend Payout % -181%12%33%29%9%35%1,314%56%41%7%-13%51%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)668.86%-68.25%38.34%308.95%-71.41%-98.57%6628.57%41.47%398.70%-116.89%128.80%
Change in YoY Net Profit Growth (%)0.00%-737.11%106.59%270.60%-380.35%-27.16%6727.14%-6587.10%357.23%-515.59%245.69%

Piramal Enterprises 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:7%
5 Years:-5%
3 Years:10%
TTM:13%
Compounded Profit Growth
10 Years:-1%
5 Years:102%
3 Years:-38%
TTM:28173%
Stock Price CAGR
10 Years:9%
5 Years:8%
3 Years:2%
1 Year:0%
Return on Equity
10 Years:6%
5 Years:4%
3 Years:3%
Last Year:2%

Last Updated: September 5, 2025, 12:20 pm

Balance Sheet

Last Updated: June 16, 2025, 11:33 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Equity Capital 353535353637454548484545
Reserves 9,28711,70112,91414,84826,52627,18730,52633,97335,44131,01126,51227,051
Borrowing9,5527,30616,27930,45144,16156,03742,23839,55755,53949,58353,61165,577
Other Liabilities 2,6221,8911,7222,8752,0482,3332,0913,3218,6523,1102,4372,271
Total Liabilities 21,49520,93330,94948,20972,77185,59474,90076,89699,68183,75282,60594,943
Fixed Assets 6,1917,0657,5259,97310,72611,1976,4157,8609,1333,2633,3893,268
CWIP 4912773558806474945176361,18862043
Investments 9,4467,76816,31725,18128,84225,74719,44322,02924,85722,33212,51312,539
Other Assets 5,3675,8236,75212,17632,55648,15648,52546,37164,50358,15166,68379,094
Total Assets 21,49520,93330,94948,20972,77185,59474,90076,89699,68183,75282,60594,943

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + -1,604-2,207-6,956-10,057-15,967-11,6117,5163,6658,4431,37895-8,091
Cash from Investing Activity + 1,5356,193-594-2,376-1,747-8207,491-2,766-967-646-1,581-1,854
Cash from Financing Activity + 126-3,8657,54413,57018,65010,752-13,0192,072-6,774-3,2871,03111,664
Net Cash Flow 57122-71,138936-1,6791,9882,970702-2,555-4551,718
Free Cash Flow 897-1,874-7,639-12,155-16,771-12,3037,0503,0747,4831,181-1,143-8,131
CFO/OP -228%-209%-417%-274%-293%-162%133%59%167%89%3%-140%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-6.00-3.00-12.00-26.00-39.00-51.00-36.00-34.00-53.00-42.00-47.00-61.00

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

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
ROE % -5%4%7%9%25%7%0%4%5%6%1%2%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025
Promoters 43.48%43.48%43.48%43.48%46.20%46.20%46.20%46.03%46.30%46.30%46.41%46.16%
FIIs 32.05%31.25%28.67%26.04%19.69%17.19%16.97%16.19%14.93%16.44%16.12%15.23%
DIIs 7.85%8.05%9.59%11.92%12.06%13.02%13.19%13.35%14.94%13.82%14.33%15.19%
Public 16.10%16.71%17.75%18.06%21.56%23.09%23.14%23.94%23.42%23.08%22.78%22.75%
Others 0.50%0.49%0.49%0.49%0.50%0.50%0.49%0.50%0.41%0.37%0.35%0.64%
No. of Shareholders 2,59,6352,65,2132,68,9462,82,9322,95,1093,14,9133,15,9453,10,8572,78,2432,63,8982,59,2832,47,946

Shareholding Pattern Chart

No. of Shareholders

Piramal Enterprises Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Nippon India Growth Fund 1,655,842 0.72 153.411,655,8422025-04-22 17:25:230%
Nippon India ELSS Tax Saver Fund 1,290,003 0.91 119.511,290,0032025-04-22 17:25:230%
Kotak Equity Arbitrage Fund - Regular Plan 1,071,750 0.32 99.291,071,7502025-04-22 17:25:230%
Nippon India Arbitrage Fund 1,016,250 0.79 94.151,016,2502025-04-22 17:25:230%
Quant Active Fund 775,175 1.07 71.82775,1752025-04-22 17:25:230%
Quant Mid Cap Fund 733,119 1.8 67.92733,1192025-04-22 17:25:230%
Edelweiss Arbitrage Fund 559,500 0.68 51.83559,5002025-04-22 17:25:230%
HDFC Arbitrage Fund - Regular Plan 537,000 0.62 49.75537,0002025-04-22 17:25:230%
HDFC Arbitrage Fund - Wholesale Plan 537,000 0.62 49.75537,0002025-04-22 17:25:230%
Quant ELSS Tax Saver Fund 524,657 0.87 48.61524,6572025-04-22 02:17:080%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 2.002.002.002.002.00
Basic EPS (Rs.) 21.55-72.82417.6880.7056.19
Diluted EPS (Rs.) 21.33-72.82416.3080.7055.68
Cash EPS (Rs.) 24.96-44.88406.5784.2972.50
Book Value[Excl.RevalReserv]/Share (Rs.) 1202.131182.151301.451543.551490.21
Book Value[Incl.RevalReserv]/Share (Rs.) 1202.131182.151301.451543.551490.21
Revenue From Operations / Share (Rs.) 455.61446.04374.37586.35567.92
PBDIT / Share (Rs.) 266.36170.3769.26300.45347.06
PBIT / Share (Rs.) 256.88133.4764.11272.56322.19
PBT / Share (Rs.) 22.55-152.78234.7377.80138.21
Net Profit / Share (Rs.) 15.48-81.78401.4256.4047.64
NP After MI And SOA / Share (Rs.) 21.54-74.94417.7180.5859.07
PBDIT Margin (%) 58.4638.1918.5051.2461.11
PBIT Margin (%) 56.3829.9217.1246.4856.73
PBT Margin (%) 4.94-34.2562.7013.2624.33
Net Profit Margin (%) 3.39-18.33107.229.618.38
NP After MI And SOA Margin (%) 4.72-16.80111.5713.7410.40
Return on Networth / Equity (%) 1.79-6.3332.095.414.10
Return on Capital Employeed (%) 9.065.002.478.0111.39
Return On Assets (%) 0.51-2.0311.901.921.72
Long Term Debt / Equity (X) 1.331.230.961.230.86
Total Debt / Equity (X) 2.422.021.591.560.96
Asset Turnover Ratio (%) 0.110.120.090.040.03
Current Ratio (X) 2.823.293.581.301.49
Quick Ratio (X) 2.823.293.581.221.39
Inventory Turnover Ratio (X) 0.000.000.000.380.57
Dividend Payout Ratio (NP) (%) 46.37-43.947.9040.9523.69
Dividend Payout Ratio (CP) (%) 32.19-86.577.8030.4216.67
Earning Retention Ratio (%) 53.63143.9492.1059.0576.31
Cash Earning Retention Ratio (%) 67.81186.5792.2069.5883.33
Interest Coverage Ratio (X) 1.140.880.411.601.86
Interest Coverage Ratio (Post Tax) (X) 1.071.061.381.341.24
Enterprise Value (Cr.) 0.000.0060907.01101809.1765071.85
EV / Net Operating Revenue (X) 0.000.006.827.285.08
EV / EBITDA (X) 0.000.0036.8514.208.31
MarketCap / Net Operating Revenue (X) 0.000.001.813.733.08
Retention Ratios (%) 53.62143.9492.0959.0476.30
Price / BV (X) 0.000.000.521.471.22
Price / Net Operating Revenue (X) 0.000.001.813.733.08
EarningsYield 0.000.000.610.030.03

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Piramal Enterprises Ltd. is a Public Limited Listed company incorporated on 26/04/1947 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L24110MH1947PLC005719 and registration number is 005719. Currently Company is involved in the business activities of Other financial service activities, except insurance and pension funding activities. Company's Total Operating Revenue is Rs. 2138.36 Cr. and Equity Capital is Rs. 45.10 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Non-Banking Financial Company (NBFC)Piramal Ananta, Agastya Corporate Park, Opposite Fire Brigade, Kamani Junction, Mumbai Maharashtra 400070Contact not found
Management
NamePosition Held
Mr. Ajay G PiramalChairman
Dr.(Mrs.) Swati A PiramalVice Chairperson
Mr. Kunal BahlInd. Non-Executive Director
Ms. Anjali BansalInd. Non-Executive Director
Mr. Puneet DalmiaInd. Non-Executive Director
Mr. Gautam DoshiInd. Non-Executive Director
Mr. Anita GeorgeInd. Non-Executive Director
Mr. Rajiv MehrishiInd. Non-Executive Director
Mr. Asheet MehtaIndependent Director
Mr. Suhail NathaniInd. Non-Executive Director
Mr. Anand PiramalNon Executive Director
Ms. Nandini PiramalNon Executive Director
Mr. Vijay ShahNon Executive Director
Mr. Shikha SharmaNon Executive Director

FAQ

What is the intrinsic value of Piramal Enterprises Ltd and is it undervalued?

As of 14 April 2026, Piramal Enterprises Ltd's intrinsic value is ₹609.20, which is 45.80% lower than the current market price of ₹1,124.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (1.63 %), book value (₹1,202), dividend yield (0.98 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Piramal Enterprises Ltd?

Piramal Enterprises Ltd is trading at ₹1,124.00 as of 14 April 2026, with a FY2026-2027 high of ₹1,356 and low of ₹873. The stock is currently in the middle of its 52-week range. Market cap stands at ₹25,483 Cr..

How does Piramal Enterprises Ltd's P/E ratio compare to its industry?

Piramal Enterprises Ltd has a P/E ratio of 49.0, which is below the industry average of 171.25. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is Piramal Enterprises Ltd financially healthy?

Key indicators for Piramal Enterprises Ltd: ROCE of 6.78 % is on the lower side compared to the industry average of 11.38%; ROE of 1.63 % is below ideal levels (industry average: 25.55%). Dividend yield is 0.98 %.

Is Piramal Enterprises Ltd profitable and how is the profit trend?

Piramal Enterprises Ltd reported a net profit of ₹485 Cr in Mar 2025 on revenue of ₹10,375 Cr. Compared to ₹1,999 Cr in Mar 2022, the net profit shows a declining trend.

Does Piramal Enterprises Ltd pay dividends?

Piramal Enterprises Ltd has a dividend yield of 0.98 % at the current price of ₹1,124.00. The company pays dividends, though the yield is modest.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Piramal Enterprises Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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