NSE: PIRAMALFIN · BSE: 544597 · ISIN INE202B01038
Piramal Finance Limited stock analysis
Piramal Finance Limited ranks #1149 in the TickerSutra evidence-ranked universe with a score of 56/100 and 95% data confidence. The latest captured fundamentals show ROCE of 6.5%, quarterly sales growth of 27.6% and quarterly profit growth of 66.8%.Monitor only
INVESTMENT EVIDENCE
What supports—and challenges—the thesis
Evidence in favour
- 21.5% three-year sales CAGR
- Institutional ownership is rising
- CWIP indicates an active capacity pipeline
- No promoter shares are reported as pledged
Risks and constraints
- Debt/equity is above 0.5×
- CFO/EBITDA is below 0.6×
- Valuation is above 40× earnings
Still unresolved: Related-party exposure · Broad media sentiment
FINANCIAL TRAJECTORY
Recent operating history
| Period | Revenue | Operating profit | Net profit | Operating margin |
|---|---|---|---|---|
| 2022 | ₹6,039cr | ₹4,180cr | ₹540cr | 69.0% |
| 2023 | ₹6,644cr | ₹984cr | ₹-7,401cr | 15.0% |
| 2024 | ₹6,729cr | ₹1,814cr | ₹-1,975cr | 27.0% |
| 2025 | ₹10,375cr | ₹5,767cr | ₹485cr | 56.0% |
| 2026 | ₹11,903cr | ₹7,102cr | ₹1,506cr | 60.0% |
| TTM | ₹12,582cr | ₹7,403cr | ₹1,691cr | 59.0% |
EXCHANGE EVENT TRIGGERS
Latest corporate disclosures
RoutineAlteration Of Capital and Fund Raising-XBRLNSE · 28 Sept 2026 · Structured filingPiramal Finance Limited has informed the Exchange regarding Issuance of securities
Piramal Finance Limited has informed the Exchange regarding Issuance of securities
Open original XBRL sourcePiramal Finance Limited has informed the Exchange about outcome of meeting of Committee of Directors (Administration, Authorisation & Finance) for issuance of NCDs on private placement basis
RoutinePiramal Finance Ltd - 544597 - Announcement under Regulation 30 (LODR)-Issue of SecuritiesBSE · 28 Sept 2026Outcome of meeting of Committee of Directors (Administration, Authorisation & Finance) for issuance of NCDs on private placement basis
RoutineNOC/No dues certificate/consent/permissionNSE · 28 Sept 2026IDBI Trusteeship Services Limited has informed the exchange for Piramal Finance Limited regarding NOC/No dues certificate/consent/permission of ISIN INE516Y07501 for the FY 2026-2027
RoutineConfirmation of Redemption/Payment of Interest and PrincipalNSE · 25 Sept 2026Confirmation of Redemption/Payment of Interest and Principal
MANAGEMENT COMMENTARY
Signals from filed documents
As the youngest NBFC by some margin among India's upper layer NBFCs, we are privileged to be already serving about 6 million customers across semi-urban India, combining physical distribution with technology and AI in our processes. With an AA+ rating and demonstrated retail-led diversified business model at scale, we are confident in our ability to deliver steady and healthy earnings growth. With that, I'll hand ove
Last year on average, we consumed about 63 basis points on average per quarter. So basically, we have mentioned to you all in the past as well that while regulatory requirement on capital adequacy is 15%, as a management team, we would feel a lot more comfortable if we stayed above 18%. Since 16 Jul 2026 Page 17 of 23 we are at 18.85% right now, we thought this is a good time to seek an enabling resolution to be able
900 crore quarterly opex, how can we think of how should we think about how much is fixed versus variable? Because a lot of the thesis also rests on operating leverage playing out. But then a lot of these businesses grow only when you add more money to it, right?
HOW TO READ THIS PAGE
Evidence, freshness and limitations
What does the TickerSutra score mean?
The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.
Which sources support this page?
Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.
Why can an item be unresolved?
Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.
Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer
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