PEL

Piramal Enterp. share price & financials

Price
₹1,124.2
Market cap
₹25.5k Cr
Sector
Financial Services
Calls analysed
5
Latest concall · Q1 FY26 · call held 29 Jul 2025

Piramal Enterp. Q1 FY26

Consolidated Net Profit ₹276 cr +52%Consolidated AUM ₹85,700 cr +22%NIM 5.9% GNPA 2.8%

Consolidated Net Profit ₹276 cr (+52% YoY); Consolidated AUM ₹85,700 cr (+22% YoY); NIM 5.9%. Consolidated Net Profit (PAT) reported at ₹276 crores, a 52% YoY growth from ₹181 crores.

Read the full call →

What Piramal Enterp. does

Piramal Enterprises Limited (PEL) is a listed non-banking financial company (NBFC) that originates and services loans through a branch network across India, using a combined 'High Tech + High Touch' model that pairs in-house scorecards and AI/ML-driven underwriting with local branch and DSA-led sourcing and collections. Its retail arm lends to individuals and small businesses (housing loans, loan against property, used car loans, salaried personal loans, business loans and digital loans), while its Wholesale 2.0 arm finances real estate developers and mid-market corporates through corporate & mid-market lending (CMML). It also runs a legacy (discontinued) wholesale loan book being wound down, an alternative investment management arm (Piramal Alternatives), and holds a 50% stake in a life insurance joint venture. PEL is in the final stages of merging with its wholly owned NBFC subsidiary, Piramal Finance Limited, to form a single unified lending entity.

Segments

  • Retail Lending
  • Wholesale 2.0
  • Legacy Wholesale (discontinued)
  • Piramal Alternatives
  • Life Insurance
Branches
517
Cities covered
428
States/UTs covered
26
Districts covered
607
Pin codes served
13,000+
Customer franchise
4.7 million customers
Employees 16,397 (FY2025 (as of March 31, ) Company website

Guidance record · Q1 FY26

what the last two calls moved 10 tracked 3 delivered 1 missed 6 open
  • Deferred Consideration Receipt delivered said Q4 FY25 Promised: USD 140 million in FY26 Q1 FY26: The underlying deal successfully closed in July 2025, confirming the future cash flow. Payment is expected in Q4 FY26.
  • AIF P&L Gain went quiet said Q2 FY25 Promised: ₹1,200 crores in FY25 Q1 FY26: Promise tracker confirms the final FY25 number was not addressed.
  • Total AUM on track said Q4 FY24 Promised: ₹1.5 trillion by FY28 Q1 FY26: AUM growth remains strong (22% YoY), keeping the long-term target in sight.

All 10 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY26: revenue up 18.7%, net profit up 52.5% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY24Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26
Revenue2,193 2,476 2,473 2,227 2,288 +4%2,825 +14%2,854 +15%2,643 +19%
Net profit48 -2,378 137 181 163 +240%39 +102%102 −26%276 +52%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance +7.4% 1Y

₹0.9k₹1.0k₹1.1k₹1.2k₹1.3kSept 24Nov 24Dec 24Feb 25Mar 25May 25Jun 25Aug 25Sept 25Q2 FY25 — 23 Oct 2024Q3 FY25 — 27 Jan 2025Q4 FY25 — 6 May 2025Q1 FY26 — 29 Jul 2025

1Y: ₹1,046.55 on 20 Sept 2024 → ₹1,124.2. High ₹1,339.3 (17 Jul 2025), low ₹872.4 (28 Feb 2025).

How the price took the results

close before → close after

Q1 FY26
−0.1%
29 Jul
Q4 FY25
−4.5%
6 May
Q3 FY25
−7.7%
27 Jan
Q2 FY25
+1.8%
23 Oct

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Financials, as filed

Revenue grew 6.4% a year over 2 years, FY23 to FY25.

Year endingFY23FY24FY25
Revenue₹9.0k Cr₹10.0k Cr₹10.2k Cr
Interest₹4.0k Cr₹4.4k Cr₹5.3k Cr
Depreciation₹123 Cr₹828 Cr₹213 Cr
Net profit₹10.0k Cr₹-1.7k Cr₹485 Cr
Net margin110.8%-16.8%4.8%
Cash from operations₹1.4k Cr₹95 Cr₹-8.1k Cr
Free cash flow₹1.2k Cr₹-1.1k Cr₹-8.1k Cr
ROE6.0%1.0%2.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY20FY21FY22FY23FY24FY25
Equity capital₹45 Cr₹45 Cr₹48 Cr₹48 Cr₹45 Cr₹45 Cr
Reserves₹30.5k Cr₹34.0k Cr₹35.4k Cr₹31.0k Cr₹26.5k Cr₹27.1k Cr
Borrowings₹42.2k Cr₹39.6k Cr₹55.5k Cr₹49.6k Cr₹53.6k Cr₹65.6k Cr
Other liabilities₹2.1k Cr₹3.3k Cr₹8.7k Cr₹3.1k Cr₹2.4k Cr₹2.3k Cr
Total liabilities₹74.9k Cr₹76.9k Cr₹99.7k Cr₹83.8k Cr₹82.6k Cr₹94.9k Cr
Fixed assets₹6.4k Cr₹7.9k Cr₹9.1k Cr₹3.3k Cr₹3.4k Cr₹3.3k Cr
Capital work in progress₹517 Cr₹636 Cr₹1.2k Cr₹6 Cr₹20 Cr₹43 Cr
Investments₹19.4k Cr₹22.0k Cr₹24.9k Cr₹22.3k Cr₹12.5k Cr₹12.5k Cr
Other assets₹48.5k Cr₹46.4k Cr₹64.5k Cr₹58.2k Cr₹66.7k Cr₹79.1k Cr
Total assets₹74.9k Cr₹76.9k Cr₹99.7k Cr₹83.8k Cr₹82.6k Cr₹94.9k Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2025

Since Jun 2024, DIIs added +1.84 pp while the public trimmed −1.19 pp. The shareholder count shrank 20% to 2,47,946.

Promoters
46.2%
FIIs
15.2%
DIIs
15.2%
Public
22.8%
Others
0.6%

Since Jun 2024

  • DIIs +1.84 pp
  • Public −1.19 pp
  • FIIs −0.96 pp

How it drifted, 12 quarters

Over this window FIIs fell from 32.0% to 15.2% — −16.8 pp.

Sep '22Dec '23Jun '25

Ownership split by quarter, oldest first. Sep '22: Promoters 43.5%, FIIs 32.0%, DIIs 7.8%, Public 16.1%, Others 0.5%.Dec '22: Promoters 43.5%, FIIs 31.3%, DIIs 8.1%, Public 16.7%, Others 0.5%.Mar '23: Promoters 43.5%, FIIs 28.7%, DIIs 9.6%, Public 17.8%, Others 0.5%.Jun '23: Promoters 43.5%, FIIs 26.0%, DIIs 11.9%, Public 18.1%, Others 0.5%.Sep '23: Promoters 46.2%, FIIs 19.7%, DIIs 12.1%, Public 21.6%, Others 0.5%.Dec '23: Promoters 46.2%, FIIs 17.2%, DIIs 13.0%, Public 23.1%, Others 0.5%.Mar '24: Promoters 46.2%, FIIs 17.0%, DIIs 13.2%, Public 23.1%, Others 0.5%.Jun '24: Promoters 46.0%, FIIs 16.2%, DIIs 13.3%, Public 23.9%, Others 0.5%.Sep '24: Promoters 46.3%, FIIs 14.9%, DIIs 14.9%, Public 23.4%, Others 0.4%.Dec '24: Promoters 46.3%, FIIs 16.4%, DIIs 13.8%, Public 23.1%, Others 0.4%.Mar '25: Promoters 46.4%, FIIs 16.1%, DIIs 14.3%, Public 22.8%, Others 0.3%.Jun '25: Promoters 46.2%, FIIs 15.2%, DIIs 15.2%, Public 22.8%, Others 0.6%.

Who was buying across the market this quarter →

Who bought this quarter

since Mar 2025

Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.

The same filing shows 2 holders trimming and 6 off the list — both are in the register beside this.

Who is on the register

Named in the Jun 2025 filing

Every holder of Piramal Enterp. above SEBI's 1% disclosure line, and what changed since Mar 2025.

HolderStakeChange
Anutham Realty Private Limited 24.78%−0.13 pp
The Sri Krishna Trust (through its Trustee Mr. Ajay G Piramal and Dr. (Mrs.) Swati Piramal) 10.02%newly disclosed
Life Insurance Corporation Of India Insurer4.47%unchanged
V3 Designs LLP 4.28%unchanged
PRL Realtors LLP 3.96%unchanged
Quant Mutual Fund - Quant Small Cap Fund Mutual fund3.29%unchanged
Government Pension Fund Global Sovereign3.20%+0.39 pp
East Bridge Capital Master Fund I Ltd FPI fund2.41%−1.62 pp
Indiahold Limited 1.91%unchanged
Semplice Corporate Solutions Private Limited (Formerly known as AASAN Corporate Solutions Pvt. Ltd) 1.27%newly disclosed
Piramal Welfare Trust 1.05%unchanged
Motilal Oswal Long Term Equity Fund Mutual fund1.01%newly disclosed

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

All earnings calls (5)

Read the Q1 FY26 call →

Learn to analyse Piramal Enterp.

Guides on how to read this kind of business and the numbers that matter.