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PIRAMALFIN.NS

Piramal Finance Ltd.

Financial Services
Price research

Price history

Max window · 2025-11-07 to 2026-09-22

Start 2025-11-07 ₹1323.00
End 2026-09-22 ₹2206.70
Change over window +66.80%
Methodology

Price is the daily close from stored Kite history. The other metrics pair that daily price with the company's periodic filings — each fundamental (revenue, EPS, equity…) is held flat at its latest filed value between annual filings, so a ratio steps at each filing and moves daily only through its price term. A metric with no input on file for this company (e.g. EV/EBITDA for a bank, which has no EBIT) is shown as unavailable, never guessed. Share-count-based metrics use the latest diluted share count against split/bonus-adjusted prices.

Technical analysis

Technical indicators

Same window as the price chart above

These reflect only the stock's recent price and volume behavior — not the company's fundamentals — and are not a recommendation to buy or sell. Standard published parameters are used throughout (see each chart's own label); a company with too little stored price history for a given indicator's lookback window shows that plainly below rather than a garbage or misleading value.

Latest value of each line in the charted window
Methodology

MACD (12,26,9), Stochastic Oscillator (14,3) and Money Flow Index (14-day) each carry their own published reference lines/bands (20/80 for the oscillator readings) where one is standard. ADX includes +DI/-DI for direction alongside trend strength; a dashed line marks the commonly published 25 "trending market" reading. ATR is shown in raw rupees here; the price/volume preset screen (below, and on the Screener page) reports it as a % of price so it's comparable across stocks at different price levels. Computed from the same stored daily OHLCV history as the price chart above — no new data source.

Ratios as of FY2025-26 Annual filing · published 2026-04-27
Price (live) ₹2206.70 INR fetched 2026-09-23 02:33
Fundamental analysis

Ratios

Calculated from this company's filed figures, and from the current price where a ratio needs one. Every ratio shows its source trace: the filed elements it reads and the arithmetic behind the result.

P/E

33.17

P/E = Price / EPS

Source trace FY2025-26 · Annual filing

P/E = Price / (ProfitOrLossAttributableToOwnersOfParent / PaidUpValueOfEquityShareCapital ÷ FaceValueOfEquityShareCapital) → ₹2,206.70 / (₹15,043,100,000 / 226,100,000 shares) = ₹2,206.70 / ₹66.53 EPS

ROE

5.34%

ROE = Net Income / Shareholder Equity

Source trace FY2025-26 · Annual filing

ROE = ProfitOrLossAttributableToOwnersOfParent / EquityAttributableToOwnersOfParent → ₹15,043,100,000 / ₹281,486,600,000 = 5.34%

Debt/Equity

2.84

Debt/Equity = Total Debt / Shareholder Equity

Source trace FY2025-26 · Annual filing

Debt/Equity = Borrowings + DebtSecurities / EquityAttributableToOwnersOfParent → ₹798,613,200,000 / ₹281,486,600,000 = 2.84

Current Ratio

N/A

Current Ratio = Current Assets / Current Liabilities

Not available

Missing current assets or current liabilities (common for banks, which report an unclassified balance sheet).

ROCE

5.86%

ROCE = EBIT / (Shareholder Equity + Total Debt)

Qualification This company's balance sheet has no current/non-current split (an NBFC-style filing) — for a lending business, Finance Costs is close to a core operating cost, so read ROCE here with that in mind.

Source trace FY2025-26 · Annual filing

ROCE = ProfitBeforeExceptionalItemsAndTax + FinanceCosts / (EquityAttributableToOwnersOfParent + Borrowings + DebtSecurities) → ₹63,274,100,000 / (₹281,486,600,000 + ₹798,613,200,000) = 5.86%

Dividend Yield

0.50%

Dividend Yield = (Dividends Paid / Diluted Shares Outstanding) / Price

Qualification This is cash paid during the fiscal year, not a per-share rate declared for it (no such element exists in the filing data) — timing can straddle interim/final dividends across years, and pre-FY2020-21 figures may include the since-abolished Dividend Distribution Tax, reading higher than later years for that reason alone.

Source trace FY2025-26 · Annual filing

Dividend Yield = (|DividendsPaidClassifiedAsFinancingActivities| / PaidUpValueOfEquityShareCapital ÷ FaceValueOfEquityShareCapital) / Price → (₹2,493,500,000 / 226,100,000 shares) / ₹2,206.70 = ₹11.03 / ₹2,206.70

Growth & quality

Growth & earnings trend

Computed from this company's stored annual filings. Each figure carries the filed values behind it as a tooltip.

Revenue CAGR · 3y N/A
Net profit CAGR · 3y N/A
Operating margin · FY2025-26 53.4%
ROCE · FY2025-26 22.4%

Revenue & Profit CAGR

Revenue (3y, —y actual)
N/A
Net Profit (3y)
N/A
Revenue (5y, —y actual)
N/A
Net Profit (5y)
N/A
Revenue (10y, —y actual)
N/A
Net Profit (10y)
N/A

Operating Margin Trend

FY2025-26
53.4%

Needs operating margin for 2+ stored years.

ROCE Trajectory

FY2025-26
22.4%

Earnings Quality

Needs net profit and CFO for 3+ stored years; only 1 on file.

Sector-Relative Percentile

Sector · Financial Services
ROE 14th percentile Better than 12 of 88 sector peers (14th percentile).
ROCE 13th percentile Better than 8 of 62 sector peers (13th percentile).
Debt/Equity 28th percentile Better than 25 of 88 sector peers (28th percentile).
P/E 25th percentile Better than 22 of 88 sector peers (25th percentile).
Forensic accounting

Beneish M-Score

Eight year-over-year accounting indices (Beneish, 1999) computed for Piramal Finance Ltd. across its two most recently stored annual filings. Read the disclosures below before anything past this paragraph.

This is not an accusation and not a finding that any manipulation occurred. Beneish's own paper is explicit that the score identifies companies whose accounting CHARACTERISTICS resemble those of a sample of past manipulators -- nothing more. StockProof never labels a company "manipulator", "red flag" or "suspicious", and never shows any list of companies ordered by this score. The eight components below -- factual statements about figures the company itself filed -- always come before the composite number, which is the inference, not the fact.

The M-Score is calibrated on 74 US-listed companies from 1982-1992 later found to have manipulated earnings (Beneish, M. D. (1999), "The Detection of Earnings Manipulation", Financial Analysts Journal 55(5)) -- not on any Indian company or era. Measured on StockProof's own Nifty 500 universe as of 2026-09-02, 13.6% of companies score above Beneish's own published cutoff. On any realistic base rate of actual earnings manipulation, that flag rate is overwhelmingly false positives, not overwhelmingly real ones.

No "Selling, General & Administrative Expense" element exists anywhere in NSE's filed data. The SGAI component below is approximated as Employee Benefit Expense + Other Expenses, divided by revenue -- a reasonable stand-in for a manufacturer, but for a services company this proxy is closer to the entire cost base than to SG&A specifically. This is disclosed because it is a genuine deviation from Beneish's published specification; its coefficient (-0.172) is the smallest of the eight, which bounds how far the approximation can move the composite.

This measures something different from a financial-distress score like Altman's Z-Score, and the two essentially never agree. Measured on StockProof's own 389-company overlap as of 2026-09-02: only 5 companies were flagged by both, an agreement rate (intersection ÷ union) of 6.2%, and a correlation between the two scores of +0.088 -- closely matching the independently measured +0.092 over 3,242 Malaysian-listed companies. A low Z-Score and a high M-Score are not corroborating each other; they are unrelated measurements.

Index Value Beneish's own threshold Reading, vs. that threshold
DSRI — Days' Sales in Receivables Index N/A 1.031 Beneish's model compares this year's figures to last year's; it needs at least 2 stored annual years, and only 1 year is on file.
GMI — Gross Margin Index N/A 1.014 Beneish's model compares this year's figures to last year's; it needs at least 2 stored annual years, and only 1 year is on file.
AQI — Asset Quality Index N/A 1.039 Beneish's model compares this year's figures to last year's; it needs at least 2 stored annual years, and only 1 year is on file.
SGI — Sales Growth Index N/A 1.134 Beneish's model compares this year's figures to last year's; it needs at least 2 stored annual years, and only 1 year is on file.
DEPI — Depreciation Index N/A 1.077 Beneish's model compares this year's figures to last year's; it needs at least 2 stored annual years, and only 1 year is on file.
SGAI — SG&A Index N/A 1.041 Beneish's model compares this year's figures to last year's; it needs at least 2 stored annual years, and only 1 year is on file.
LVGI — Leverage Index N/A 1.111 Beneish's model compares this year's figures to last year's; it needs at least 2 stored annual years, and only 1 year is on file.
TATA — Total Accruals to Total Assets N/A 0.018 Beneish's model compares this year's figures to last year's; it needs at least 2 stored annual years, and only 1 year is on file.

Composite M-Score not computable — Beneish's model compares this year's figures to last year's; it needs at least 2 stored annual years, and only 1 year is on file.

Financials

Quarterly trend

3 stored quarters

Revenue Net Profit Net Profit (loss quarter)
Metric (to shareholders basis) Q3 FY2025-26 Q4 FY2025-26 Q1 FY2026-27 Source
Revenue ₹2,917.68 Cr. ₹3,424.01 Cr. ₹3,368.27 Cr. RevenueFromOperations
Net Profit ₹400.17 Cr. incl. minority ₹401.01 Cr. ₹500.94 Cr. incl. minority ₹501.77 Cr. ₹459.12 Cr. incl. minority ₹460.98 Cr. ProfitOrLossAttributableToOwnersOfParent
Basis

Primary figures are Revenue from Operations and Net Profit attributable to shareholders — the basis the ratios use. Where they differ, the companion Gross revenue (incl. inter-segment) and incl. minority net profit (the totals a news headline usually quotes) are shown beneath, each traceable to its own XBRL element. Quarters shown are however many are actually stored (up to 10).

Ownership

Shareholding pattern

Latest filing Aug 2026 · 5 filings on file

Promoter & Promoter Group
44.22%
Public
55.58%
Employee Trusts
0.20%
Promoter % Public %
Metric Nov 2025 Dec 2025 Mar 2026 Jun 2026 Aug 2026
Promoter & Promoter Group 46.16% 46.16% 46.16% 46.16% 44.22%
Public 53.35% 53.43% 53.54% 53.62% 55.58%
Employee Trusts 0.49% 0.41% 0.30% 0.22% 0.20%
Source

Promoter vs. public shareholding, from NSE's own quarterly shareholding-pattern filings. This is the headline promoter/public split only — a further breakdown by FII/DII/mutual fund holders requires each filing's own detailed disclosure and isn't shown here.

Trading activity

Delivery volume

20 trading days shown

Latest (2026-09-23) 62.7%
Trailing 20-day average 58.9%
Date Traded Qty Delivery Qty Delivery %
2026-09-23 387676 242874 62.65%
2026-09-22 265963 155145 58.33%
2026-09-21 206541 124466 60.26%
2026-09-18 529289 352711 66.64%
2026-09-17 312441 161491 51.69%
2026-09-16 405982 301861 74.35%
2026-09-15 257641 158890 61.67%
2026-09-11 290691 134391 72.14%
2026-09-10 335744 198385 59.09%
2026-09-09 220456 141759 64.30%
2026-09-08 481431 295424 61.36%
2026-09-07 500739 251812 50.29%
2026-09-04 98603 50355 51.07%
2026-09-03 342240 197023 57.57%
2026-09-02 588816 371152 63.03%
2026-09-01 1213854 730394 60.17%
2026-08-31 711123 389469 54.77%
2026-08-28 394664 208029 52.71%
2026-08-27 322634 157866 48.93%
2026-08-26 856449 410293 47.91%
Source

Delivery quantity/percentage from the NSE bhavcopy (DELIV_QTY/DELIV_PER) — the share of that day's traded volume that actually settled into a demat account, rather than being squared off intraday. A higher delivery percentage is commonly read as genuine accumulation/distribution rather than speculative same-day trading; this describes recent trading PATTERN, not the company itself, and is not a recommendation to buy or sell. A blank cell is a day NSE itself published no figure for, never a zero.

Insider trading activity

No insider-trading disclosures on file. That may mean none have been fetched yet, or that NSE has genuinely published none for this company.

Filings & evidence

Source documents

FY2025-26 · Annual filing

The raw filing line items behind the figures on this page, and NSE's own filing document where NSE publishes one.

Source document — income statement (FY2025-26, raw filing line items)
Line itemFiled value
ProfitOrLossAttributableToOwnersOfParent15043100000.0
PaidUpValueOfEquityShareCapital ÷ FaceValueOfEquityShareCapital226100000.0
Source document — balance sheet (FY2025-26, raw filing line items)
Line itemFiled value
Borrowings + DebtSecurities798613200000.0
EquityAttributableToOwnersOfParent281486600000.0
Research notes

My notes