PILANI INVESTMENT AND INDUSTRI (PILANIINVS): Financials & Fundamentals History

Share price

Closing priceAdjusted for splits and bonus issues.

3M1Y3YAll

₹4,017.6 latest close · −8.7% over the last 90 sessions

₹4,017.6 month-end · −21.4% over 12 months

₹4,017.6 month-end · +51.7% over 3 years

₹4,017.6 month-end · +165.5% since Feb '19

52-week range ₹3672.10 to ₹5450.00 · 1-year volatility 27.1%

How rough has the ride been?

Maximum drawdown-63.9%recovered 2020-12

1-year volatility27.1%annualised

Beta vs sector index1.003-year daily, correlation 0.45

Volume spikes2last 90 sessions, 5x the 50-day median

Drawdown from peak

Largest drawdowns

-63.9% (2019-04 peak to 2020-03 low, recovered 2020-12)

-55.9% (2024-10 peak to 2025-03 low, not yet recovered)

-31.4% (2021-11 peak to 2022-06 low, recovered 2023-09)

Most recent volume spikes

2026-09-09: 16.4x the 50-day median, price -3.6% that day

2026-08-13: 11.3x the 50-day median, price +3.9% that day

Beta is the slope of daily returns against a market-cap-weighted index of the sector's other listed companies, built from today's constituents (so it excludes companies no longer listed).

Where does it rank among Finance peers?

Each cell is the company's percentile rank among its Finance peers (non-financial companies) that month.
Darker is better-ranked.
Rows marked ↓ are inverted (lower debt, shorter cash cycle and a lower P/E rank higher).

Where it ranks today

ROCE18thflat vs a year ago
Op. margin88th▼ 8 pts vs a year ago
Revenue growth15th▼ 23 pts vs a year ago
EPS growth4th▼ 9 pts vs a year ago
Debt/equity ↓50thflat vs a year ago
Cash cycle ↓89th▲ 8 pts vs a year ago
P/E ↓6th▼ 18 pts vs a year ago
12M momentum39th▼ 13 pts vs a year ago

Rank history

ROCE

Op. margin

Revenue growth

EPS growth

Debt/equity ↓

Cash cycle ↓

P/E ↓

12M momentum

Dec '21Jul '22Jan '23Jul '23Jan '24Jul '24Jan '25Jul '25Jan '26Jul '26Nov '26

Lower rank Higher rank Not enough data

Percentiles use today's listed companies in the sector and need at least 5 peers with a value; grey cells have too few.
ROE is computed from net profit and book value where the source does not report it.

The Finance sector page Watch it move against Finance in the Observatory

What is the price implying?

Trailing earnings per share are negative, so a P/E-based figure does not exist. See the loss-makers list on the Expectations Gap page for a revenue-based version.

“Implied growth” is what the current price would require under our stated assumptions, not what we expect.

What prices imply across Finance The market-wide Expectations lists

Key figures

Share Priceclose 9 Nov: ₹4017.60
ROCE: 1.0%
Market Cap: ₹4446 cr
Revenue (TTM): ₹247 cr
P/S: 18.0x
P/B: 0.3x
ROE: -0.1%
Operating Margin: 80.0%
Debt / Equity: 0.2x
Promoter Holding: 58.7%
12M Momentum: -21.4%

52-week range

₹3672.10₹5450.00

19% of the way from its 52-week low to its high

Price risk

1Y volatility

27.1%

Beta vs sector

1-year daily

0.74

Balance sheet & cash

Interest cover

operating profit ÷ interest

1.3x

Cash from profit, 3Y

operating cash flow ÷ net profit

5.00x

Share count, 1Y

unchanged

Are profits backed by cash?

4 of 5checks within range1 near a threshold

Other income reliance10%Within range

Other income as a share of pre-tax profit (trailing twelve months): 10.0%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate—Not enough data

Not enough reported data to compute this.

Cash conversion6.41xWithin range

Operating cash flow divided by net profit over the last three fiscal years: 6.41x (cash from operations ₹1,891 cr, net profit ₹295 cr). Bands: 0.8x and above, 0.5x to 0.8x, below 0.5x.

Free cash flow3 of 5 yrsNear threshold

Fiscal years with positive free cash flow in the last 5: 3. Bands: at least 80% of years, 40% to 80%, below 40%.

Receivable days vs history-1 daysWithin range

Debtor days are below the median of the previous three fiscal years by 1 days (0 vs 1). Bands: under 15 days, 15 to 45, over 45.

Capital work in progress0% of fixed assetsWithin range

Capital work-in-progress is 0% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.

Payable days—Not enough data

Not enough reported data to compute this.

Tap a check to see how it is measured

How to read this

Each check is a named rule with fixed thresholds, not a score. Annual statements are the latest restated figures, so a past year may differ from what was originally reported.

All terms explained in the glossary →

Who has been buying and selling?

Over 3 years, DIIs added 1.1 pts; promoters added 1.1 pts.
The number of shareholders rose from 13,626 to 17,621 (+29%) between Sep 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupSep '23Jun '26Change

Promoters57.5%58.7%+1.1 pts

FIIs0.5%0.4%-0.1 pts

DIIs0.3%1.4%+1.1 pts

Public and others41.6%39.5%-2.2 pts

Number of shareholders

17,621shareholders+29% since Sep '23

Quarterly shareholding as reported, labelled by the quarter it covers (it becomes visible about two months later).
Shareholder counts are only available for recent quarters.

This quarter's smart-money board

What happened next to similar setups

+7.9%typical 12-month return vs the marketNot meaningfully different from the base rate

We found 50 past situations where a non-financial company looked like PILANI INVESTMENT AND INDUSTRI today on valuation, return on capital, margins, debt, growth, price momentum, size and volatility.
Over the following 12 months the middle half of them returned −15% to +47% vs the market, against +2% for all non-financial companies in the same months.
The gap against the base rate (+6.4%, 80% range −2.6% to +21.0%) is within what chance and overlapping periods produce.

Where the 50 outcomes landed

Each dot is one past situation (hover or tap for details) · Solid dots are the closest matches, listed below · Shaded is the middle half of all companies in the same months · 5 beyond the range shown, drawn at the edge

Similar setups' median

+7.9%

All companies' median

+1.5%

Beat the market

58% vs 52%

50 past situations · 50 companies · 27 months · 2020–2024

The closest matches

Company	When	P/E	ROCE	12M mom.	Drawdown	Next 12 months
BATAINDIA Consumer Non-Durables	Dec 2021	—	0%	+19%	−16%	−15%
HEMIPROP Finance	Jun 2023	—	0%	0%	−11%	+22%
ASHIANA Finance	Aug 2022	—	-1%	−2%	−24%	+22%
HEXATRADEX Distribution Services	Mar 2023	—	1%	−10%	−37%	−31%
MAHLIFE Finance	Jan 2022	—	-3%	+92%	−13%	+40%

Show the other 3 matches

Company	When	P/E	ROCE	12M mom.	Drawdown	Next 12 months
DELTACORP Consumer Services	Jul 2021	—	0%	+113%	−6%	+1%
EIHOTEL Consumer Services	Nov 2021	—	-11%	+34%	−21%	+36%
TAJGVK Consumer Services	May 2022	—	-3%	+7%	−20%	+48%

How reliable is this?

Matched on P/S, ROCE, operating margin, debt/equity, interest cover, revenue growth, 12-month momentum, drawdown from 12-month high, size and volatility. Closest on: 12-month momentum, drawdown from 12-month high and ROCE. Not used (unavailable for this company): P/E. This company is loss-making, so it was only compared with loss-making companies. One match per company and at most 7 from any one month.

Independent periods: the matches fall in 4 distinct 12-month windows. Matches from nearby months share the same market conditions, so fewer windows means less evidence.

How this is built

This is history, not a forecast. These are past situations where other companies had broadly similar reported numbers and price trends. What happened to them does not tell you what will happen to PILANI INVESTMENT AND INDUSTRI. The comparison covers only 2020–2025, a single market period, and only companies still listed today. Companies that were delisted or went bankrupt are missing, which makes past outcomes look better than they were. Returns exclude dividends and are measured against an ApnaFunda-built index, not an official benchmark. Fundamentals are matched on a 60-day assumed reporting lag, not actual announcement dates. Its historical skill has not yet been measured. Past patterns may not repeat.

Methodology

How historical analogs are built

Data as of 2026-11-09. Outcome pool: Jan 2020 to Oct 2025.

For every company we look at the situation it is in today (valuation, return on capital, margins, debt, growth, 12-month price momentum, drawdown, size and volatility) and find past company-months that looked most like it. We then show what happened to those past situations over the following 12 months, measured against the ApnaFunda All index and against the base rate. It describes history. It does not predict anything.

What is compared

Feature	Weight	Non-financial	Financial
P/E	1	yes	yes
P/S	1	yes	—
P/B	1	—	yes
ROCE	1	yes	—
operating margin	1	yes	—
ROE	1	—	yes
debt/equity	0.75	yes	—
interest cover	0.5	yes	—
revenue growth	0.75	yes	yes
12-month momentum	1	yes	yes
drawdown from 12-month high	0.75	yes	yes
size	0.75	yes	yes
volatility	0.5	yes	yes

Weights were set by judgement before any outcome was looked at and are never tuned on results. Loss-making companies (negative P/E or net profit) are only matched with other loss-making companies. Banks, NBFCs and insurers are compared only with each other and use a different feature set. Every feature is converted, month by month, to its rank among companies in the same pool in that month, so a P/E of 30 in a hot market and a P/E of 22 in a cold one can match if both were equally expensive for their time. Only that month's data is used.

How closeness and the sample are defined

Distance is the weighted root-mean-square gap between the standardised features both companies have. A match needs at least 70% of the query's feature weight, a distance of at most 0.9, and 30 matches at minimum to be shown. We keep up to 50 matches with these exclusions: never the company itself, one match per company (its closest month), and at most 7 from any one calendar month so a single market episode cannot dominate.

Base rate

The base rate is the distribution of 12-month returns, relative to the market, of every eligible company-month in the same pool, with each month weighted to match the months the analogs came from. It answers: how did a random company do in these same months? Because matches from nearby months share the same market conditions, we also report the number of distinct 12-month windows behind a result, and a bootstrap that resamples months decides whether the analog median differs from the base rate at all. "Not meaningfully different" is the usual outcome and the page copy is written for it.

Limits you should know

One market period. The outcome pool covers 2020–2025 only (70 months), including the 2020 crash and the 2020–21 rally.
Survivorship. Only companies listed today are included. Delisted and bankrupt companies are missing, which flatters past outcomes, particularly for distressed-looking setups.
Price return only. Dividends are excluded, and the benchmark is an ApnaFunda market-cap-weighted index of the same listed companies, not an official index.
Reporting lag. Fundamentals are matched on an assumed 60-day lag after the quarter end, not on real announcement dates.
Pools: non-financial: 98,395 company-months from 2019 companies; financial: 5,659 company-months from 108 companies. 2349 companies currently have a result; the rest are suppressed because too few comparable situations exist.

Does it work? A walk-forward check

The walk-forward check has not been run for this build, so skill is shown as not yet measured.

Disclaimer

This is history, not a forecast. These are past situations where other companies had broadly similar reported numbers and price trends. What happened to them does not tell you what will happen to any company shown. The comparison covers only 2020–2025, a single market period, and only companies still listed today. Companies that were delisted or went bankrupt are missing, which makes past outcomes look better than they were. Returns exclude dividends and are measured against an ApnaFunda-built index, not an official benchmark. Fundamentals are matched on a 60-day assumed reporting lag, not actual announcement dates. Its historical skill has not yet been measured. Past patterns may not repeat.

What else looks like this?

Companies with the most similar financial profile today, regardless of industry.

ARCHEAN CHEMICAL INDACI

Process Industries

50%similar

market caprevenue growth

APEEJAY SURRENDRA PARK HOTPARKHOTELS

Consumer Services

43%similar

volatilitydebt/equity

LA OPALA RGLAOPALA

Consumer Durables

38%similar

volatilityrevenue

NAVNEET EDUCATIONNAVNETEDUL

Producer Manufacturing

38%similar

market cappromoter holding

WONDERLA HOLIDAYSWONDERLA

Consumer Services

38%similar

volatilityoperating margin

NALWA SONS INVESTMENTNSIL

Finance

59%similar

operating marginROCE

JSW HOLDINGSJSWHL

Finance

46%similar

ROCEoperating margin

MAHARASHTRA SCOOTERSMAHSCOOTER

Finance

35%similar

ROCEoperating margin

Similarity is statistical, based on reported metrics; it does not imply similar business quality or future returns.

What changed?

30 events since Nov '21

2026
SepResultsEPS (TTM) turned negative.
SepPriceVolume reached 16.4x its 50-day median on 2026-09-09; price -3.6% that day.
MayPriceVolume reached 5.2x its 50-day median on 2026-05-13; price -3.6% that day.
MarPriceVolume reached 19.2x its 50-day median on 2026-03-20; price -2.2% that day.
2025
OctPriceVolume reached 34.2x its 50-day median on 2025-10-17; price +5.0% that day.
SepPriceVolume reached 6.7x its 50-day median on 2025-09-19; price +1.6% that day.
JunPriceVolume reached 18.1x its 50-day median on 2025-06-27; price +6.3% that day.
AprValuationP/E crossed above the 90th percentile of its own history to date (30.6x).

Show 22 earlier events

2025
MarPriceFell 56% from the Oct 2024 peak to the Mar 2025 low.
MarPriceVolume reached 6.4x its 50-day median on 2025-03-21; price +8.6% that day.
2024
OctPriceVolume reached 29.4x its 50-day median on 2024-10-21; price +20.0% that day.
AugPriceVolume reached 13.6x its 50-day median on 2024-08-21; price +11.6% that day.
JunResultsYear-on-year EPS growth turned negative.
JunValuationP/E crossed above the 90th percentile of its own history to date (33.5x).
JunPeer rankSlipped to the bottom quartile of Finance on EPS growth (from the 2nd quartile).
JunPriceVolume reached 78.1x its 50-day median on 2024-06-24; price +20.0% that day.
FebPriceVolume reached 41.3x its 50-day median on 2024-02-26; price +13.7% that day.
2023
DecPriceVolume reached 5.2x its 50-day median on 2023-12-12; price +6.0% that day.
SepPriceRegained the 2021-11 peak, 15 months after the low.
SepPriceVolume reached 39.1x its 50-day median on 2023-09-04; price +9.2% that day.
JunResultsRevenue (TTM) reached a new high of ₹279 cr.
JunPeer rankSlipped to the bottom quartile of Finance on ROCE (from the 3rd quartile).
2022
DecPriceVolume reached 6.1x its 50-day median on 2022-12-13; price +1.0% that day.
SepPriceVolume reached 49.0x its 50-day median on 2022-09-14; price +8.5% that day.
JunResultsYear-on-year EPS growth turned positive.
JunPriceFell 31% from the Nov 2021 peak to the Jun 2022 low.
JunPeer rankMoved into the top quartile of Finance on EPS growth (from the 3rd quartile).
JunDividendDividend payout cut from 17% to 8% of profit.
2021
DecPriceVolume reached 8.9x its 50-day median on 2021-12-09; price -4.9% that day.
NovPriceRegained the 2020-12 peak, 8 months after the low.

Events are generated from the data by fixed rules.
The month shown is when the change became visible in the reported figures, assuming a 60-day lag after each quarter end; it is not an announcement date.

Where price and fundamentals disagree, market-wide Rewind the whole market to any month

Monthly history94 months · 2019-02 to 2026-11

Month	P/E	Revenue (TTM)	ROE	ROCE	Debt / Equity
2026-11	—	₹247 cr	-0.1%	1.0%	0.2x
2026-10	—	₹247 cr	-0.1%	1.0%	0.2x
2026-09	—	₹247 cr	-0.1%	1.0%	0.2x
2026-08	155.3x	₹283 cr	0.2%	1.0%	0.2x
2026-07	153.5x	₹283 cr	0.2%	1.0%	0.2x
2026-06	155.1x	₹283 cr	0.2%	1.0%	0.2x
2026-05	4118.6x	₹296 cr	0.0%	2.0%	0.1x
2026-04	4327.7x	₹296 cr	0.0%	2.0%	0.1x
2026-03	3812.0x	₹296 cr	0.0%	2.0%	0.1x
2026-02	175.6x	₹297 cr	0.2%	2.0%	0.1x
2026-01	176.3x	₹297 cr	0.2%	2.0%	0.1x
2025-12	199.6x	₹297 cr	0.2%	2.0%	0.1x
2025-11	91.3x	₹291 cr	0.4%	2.0%	0.1x
2025-10	94.4x	₹291 cr	0.4%	2.0%	0.1x
2025-09	95.7x	₹291 cr	0.4%	2.0%	0.1x
2025-08	54.7x	₹303 cr	0.7%	2.0%	0.1x
2025-07	57.1x	₹303 cr	0.7%	2.0%	0.1x
2025-06	62.3x	₹303 cr	0.7%	2.0%	0.1x
2025-05	33.6x	₹309 cr	1.2%	2.0%	0.1x
2025-04	30.6x	₹309 cr	1.2%	2.0%	0.1x
2025-03	27.3x	₹309 cr	1.2%	2.0%	0.1x
2025-02	20.7x	₹310 cr	1.5%	2.0%	0.1x
2025-01	25.8x	₹310 cr	1.5%	2.0%	0.1x
2024-12	30.5x	₹310 cr	1.5%	2.0%	0.1x
2024-11	38.6x	₹294 cr	1.3%	2.0%	0.1x
2024-10	41.9x	₹294 cr	1.3%	2.0%	0.1x
2024-09	35.0x	₹294 cr	1.3%	2.0%	0.1x
2024-08	36.6x	₹287 cr	1.3%	2.0%	0.1x
2024-07	34.6x	₹287 cr	1.3%	2.0%	0.1x
2024-06	33.5x	₹287 cr	1.3%	2.0%	0.1x
2024-05	16.6x	₹279 cr	2.4%	2.0%	0.1x
2024-04	17.9x	₹279 cr	2.4%	2.0%	0.1x
2024-03	15.3x	₹279 cr	2.4%	2.0%	0.1x
2024-02	15.1x	₹279 cr	2.4%	2.0%	0.1x
2024-01	14.6x	₹279 cr	2.4%	2.0%	0.1x
2023-12	14.3x	₹279 cr	2.4%	2.0%	0.1x
2023-11	11.9x	₹279 cr	2.4%	2.0%	0.1x
2023-10	10.3x	₹279 cr	2.4%	2.0%	0.1x
2023-09	10.7x	₹279 cr	2.4%	2.0%	0.1x
2023-08	9.0x	₹279 cr	2.4%	2.0%	0.1x
2023-07	9.0x	₹279 cr	2.4%	2.0%	0.1x
2023-06	8.7x	₹279 cr	2.4%	2.0%	0.1x
2023-05	10.1x	₹258 cr	2.0%	2.0%	0.1x
2023-04	9.6x	₹258 cr	2.0%	2.0%	0.1x
2023-03	8.9x	₹258 cr	2.0%	2.0%	0.1x
2023-02	9.7x	₹258 cr	2.0%	2.0%	0.1x
2023-01	9.8x	₹258 cr	2.0%	2.0%	0.1x
2022-12	10.5x	₹258 cr	2.0%	2.0%	0.1x
2022-11	10.5x	₹258 cr	2.0%	2.0%	0.1x
2022-10	10.6x	₹258 cr	2.0%	2.0%	0.1x
2022-09	10.0x	₹258 cr	2.0%	2.0%	0.1x
2022-08	9.7x	₹258 cr	2.0%	2.0%	0.1x
2022-07	9.2x	₹258 cr	2.0%	2.0%	0.1x
2022-06	8.8x	₹258 cr	2.0%	2.0%	0.1x
2022-05	19.5x	₹199 cr	1.1%	2.0%	0.1x
2022-04	20.5x	₹199 cr	1.1%	2.0%	0.1x
2022-03	19.4x	₹199 cr	1.1%	2.0%	0.1x
2022-02	19.5x	₹199 cr	1.1%	2.0%	0.1x
2022-01	21.3x	₹199 cr	1.1%	2.0%	0.1x
2021-12	21.3x	₹199 cr	1.1%	2.0%	0.1x
2021-11	23.3x	₹199 cr	1.1%	2.0%	0.1x
2021-10	21.4x	₹199 cr	1.1%	2.0%	0.1x
2021-09	21.7x	₹199 cr	1.1%	2.0%	0.1x
2021-08	21.0x	₹199 cr	1.1%	2.0%	0.1x
2021-07	22.7x	₹199 cr	1.1%	2.0%	0.1x
2021-06	22.3x	₹199 cr	1.1%	2.0%	0.1x
2021-05	10.7x	₹126 cr	3.8%	2.0%	0.1x
2021-04	10.7x	₹126 cr	3.8%	2.0%	0.1x
2021-03	10.0x	₹126 cr	3.8%	2.0%	0.1x
2021-02	12.0x	₹126 cr	3.8%	2.0%	0.1x
2021-01	11.3x	₹126 cr	3.8%	2.0%	0.1x
2020-12	13.3x	₹126 cr	3.8%	2.0%	0.1x
2020-11	9.7x	₹126 cr	3.8%	2.0%	0.1x
2020-10	8.6x	₹126 cr	3.8%	2.0%	0.1x
2020-09	7.0x	₹126 cr	3.8%	2.0%	0.1x
2020-08	7.2x	₹126 cr	3.8%	2.0%	0.1x
2020-07	7.0x	₹126 cr	3.8%	2.0%	0.1x
2020-06	6.1x	₹126 cr	3.8%	2.0%	0.1x
2020-05	—	₹25 cr	43.7%	0.0%	0.0x
2020-04	—	₹25 cr	43.7%	0.0%	0.0x
2020-03	—	₹25 cr	43.7%	0.0%	0.0x
2020-02	—	₹25 cr	43.7%	0.0%	0.0x
2020-01	—	₹25 cr	43.7%	0.0%	0.0x
2019-12	—	₹25 cr	43.7%	0.0%	0.0x
2019-11	—	₹25 cr	43.7%	0.0%	0.0x
2019-10	—	₹25 cr	43.7%	0.0%	0.0x
2019-09	—	₹25 cr	43.7%	0.0%	0.0x
2019-08	—	₹25 cr	43.7%	0.0%	0.0x
2019-07	—	₹25 cr	43.7%	0.0%	0.0x
2019-06	—	₹25 cr	43.7%	0.0%	0.0x
2019-05	14.9x	₹30 cr	0.4%	1.0%	0.0x
2019-04	14.9x	₹30 cr	0.4%	1.0%	0.0x
2019-03	12.7x	₹30 cr	0.4%	1.0%	0.0x
2019-02	12.5x	₹30 cr	0.4%	1.0%	0.0x

Methodology and data notes