PIRAMAL FINANCE LIMITED (PIRAMALFIN): Financials & Fundamentals History

Share price

Closing priceAdjusted for splits and bonus issues.

3M1Y

₹2,070.7 latest close · −3.1% over the last 90 sessions

₹2,070.7 month-end · +33.7% over 12 months

52-week range ₹1260.00 to ₹2326.40 · 1-year volatility 35.1%

How rough has the ride been?

Maximum drawdown-21.9%not yet recovered

1-year volatility35.1%annualised

Volume spikes3last 90 sessions, 5x the 50-day median

Drawdown from peak

Largest drawdowns

-21.9% (2026-09 peak to 2026-10 low, not yet recovered)

Most recent volume spikes

2026-10-21: 5.1x the 50-day median, price +3.6% that day

2026-09-29: 6x the 50-day median, price -1.0% that day

2026-07-17: 5.1x the 50-day median, price -1.9% that day

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

ROCE38th▼ 3 pts vs a year ago
Op. margin77thflat vs a year ago
Revenue growth57th
EPS growth100th
Debt/equity ↓6th▼ 3 pts vs a year ago
Cash cycle ↓89thflat vs a year ago
P/E ↓37th▲ 36 pts vs a year ago
12M momentum92nd

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?

~19%annual earnings growth implied by the price

At a P/E of 27.8x, the price would imply about 19.1%/yr earnings growth for 10 years under the same assumptions, but it is not ranked.

Fewer than six years of annual earnings are available, which is too little to measure delivered growth.

“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: ₹2070.70
P/E: 27.8x
ROCE: 6.0%
Market Cap: ₹48999 cr
Revenue (TTM): ₹12570 cr
P/S: 3.9x
P/B: 1.7x
ROE: 6.3%
Operating Margin: 62.0%
Debt / Equity: 2.8x
Promoter Holding: 46.2%
12M Momentum: 33.7%

52-week range

₹1260.00₹2326.40

76% of the way from its 52-week low to its high

Price risk

1Y volatility

35.1%

Beta vs sector

1-year daily

0.43

Balance sheet & cash

Interest cover

operating profit ÷ interest

1.2x

Cash from profit, 3Y

operating cash flow ÷ net profit

-2.00x

low

Share count, 1Y

unchanged

Are profits backed by cash?

1 of 5checks within range3 beyond a threshold

Other income reliance108%Beyond threshold

Other income as a share of pre-tax profit (trailing twelve months): 107.8%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate-4%Beyond threshold

Median quarterly effective tax rate over about 2.5 years: -4.0%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Cash conversion-1621.19xBeyond threshold

Operating cash flow divided by net profit over the last three fiscal years: -1621.19x (cash from operations ₹-25,939 cr, net profit ₹16 cr). Bands: 0.8x and above, 0.5x to 0.8x, below 0.5x.

Free cash flow2 of 5 yrsNear threshold

Fiscal years with positive free cash flow in the last 5: 2. Bands: at least 80% of years, 40% to 80%, below 40%.

Receivable days vs history—Not enough data

Not enough reported data to compute this.

Capital work in progress5% of fixed assetsWithin range

Capital work-in-progress is 5% 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?

Since Jun 2021, FIIs added 15.2 pts; DIIs added 15.2 pts; promoters added 6.9 pts.
The number of shareholders fell from 3.5 lakh to 2.0 lakh (-43%) between Jun 2021 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupJun '21Jun '26Change

Promoters39.2%46.2%+6.9 pts

FIIs0.3%15.4%+15.2 pts

DIIs3.5%18.6%+15.2 pts

Public and others57.1%19.5%-37.6 pts

Number of shareholders

2.0 lakhshareholders-43% since Jun '21

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

−5.9%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 PIRAMAL FINANCE LIMITED 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 −24% to +17% vs the market, against −3% for all non-financial companies in the same months.
The gap against the base rate (−3.2%, 80% range −10.9% to +0.3%) 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 · 2 beyond the range shown, drawn at the edge

Similar setups' median

−5.9%

All companies' median

−2.7%

Beat the market

40% vs 47%

50 past situations · 50 companies · 32 months · 2020–2025

The closest matches

Company	When	P/E	ROCE	12M mom.	Drawdown	Next 12 months
JSWENERGY Utilities	Oct 2024	58x	9%	+76%	−14%	−24%
JMFINANCIL Finance	Feb 2020	16x	13%	+36%	−13%	−37%
SAMHI Consumer Services	Jul 2025	58x	9%	+24%	−9%	−25%
BRIGADE Finance	Dec 2023	71x	8%	+93%	0%	+18%
TATAPOWER Utilities	May 2024	42x	12%	+105%	−5%	−14%

Show the other 3 matches

Company	When	P/E	ROCE	12M mom.	Drawdown	Next 12 months
POWERGRID Utilities	Mar 2020	8x	9%	−20%	−26%	−24%
PRESTIGE Finance	Oct 2023	33x	10%	+73%	−2%	+53%
NHPC Utilities	Oct 2025	28x	7%	+3%	−7%	−3%

How reliable is this?

Matched on P/E, 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 revenue growth. One match per company and at most 7 from any one month.

Independent periods: the matches fall in 5 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 PIRAMAL FINANCE LIMITED. 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.

IRB INFRASTRUCTURE DEVELOPERSIRB

Industrial Services

69%similar

operating marginROCE

PVR INOXPVRINOX

Consumer Services

67%similar

ROCEvolatility

GRASIM INDUSTRIESGRASIM

Non-Energy Minerals

58%similar

debt/equitypromoter holding

NHPCNHPC

Utilities

56%similar

operating marginROCE

POWER GRID CORPORATION OF INDIPOWERGRID

Utilities

56%similar

operating margindebt/equity

BRIGADE ENTERPRISESBRIGADE

Finance

69%similar

P/Evolatility

360 ONE WAM360ONE

Finance

57%similar

market capoperating margin

PRESTIGE ESTATES PROJECTS LIMIPRESTIGE

Finance

48%similar

revenuemarket cap

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

What changed?

9 events since Dec '25

2026
OctPriceVolume reached 5.1x its 50-day median on 2026-10-21; price +3.6% that day.
SepPeer rankMoved into the top quartile of Finance on operating margin (from the 2nd quartile).
SepPriceVolume reached 6.0x its 50-day median on 2026-09-29; price -1.0% that day.
JunPeer rankSlipped to the 2nd quartile of Finance on operating margin (from the top quartile).
JunDividendStarted paying a dividend (payout 17% of profit).
AprPriceVolume reached 40.5x its 50-day median on 2026-04-28; price +9.0% that day.
MarPriceVolume reached 5.6x its 50-day median on 2026-03-27; price +2.3% that day.
2025
DecPromoterPromoter holding rose 6.9 pts to 46.2%.

Show 1 earlier event

2025
DecInstitutionsFII + DII holding rose 25.9 pts over 1 quarter to 29.6%.

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 history13 months · 2025-11 to 2026-11

Month	P/E	Revenue (TTM)	ROE	ROCE	Debt / Equity
2026-11	27.8x	₹12570 cr	6.3%	6.0%	2.8x
2026-10	24.4x	₹12570 cr	6.0%	6.0%	2.8x
2026-09	27.4x	₹12570 cr	6.0%	6.0%	2.8x
2026-08	42.3x	₹11853 cr	5.4%	6.0%	2.8x
2026-07	37.8x	₹11853 cr	5.4%	6.0%	2.8x
2026-06	39.8x	₹11853 cr	5.4%	6.0%	2.8x
2026-05	59.7x	₹11283 cr	4.1%	8.0%	2.4x
2026-04	62.0x	₹11283 cr	4.1%	8.0%	2.4x
2026-03	56.9x	₹11283 cr	4.1%	8.0%	2.4x
2026-02	119.2x	₹11190 cr	2.7%	8.0%	2.4x
2026-01	119.5x	₹11190 cr	2.7%	8.0%	2.4x
2025-12	112.6x	₹11190 cr	2.7%	8.0%	2.4x
2025-11	6452.9x	₹10683 cr	2.1%	8.0%	2.4x

Methodology and data notes