Pioneer Investcorp share price & results
- Jun 2026
- Jun 2026
Mumbai-based SEBI-registered merchant banker (operating since 1984) providing equity and debt investment banking advisory alongside proprietary trading and investment in government securities, corporate bonds and equities.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 4.7 | −63.7% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 27.8 | −18.3 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 1.0 | −56.3% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
| Return on equity | 8.71 | +4.5 pts | Trailing twelve months | TTM to Jun 2026 | Adjusted profit attributable to owners ÷ average owners’ equity. |
| Free cash flow margin | +3.9 pts | Fiscal year | FY ending Mar 2026 | Not in the analysed materials. No older figure is substituted. | |
| Revenue growth (YoY) | -11.15 | +2.4 pts | Trailing twelve months | TTM to Jun 2026 | Revenue change against the same period one year earlier. |
Price
Performance −21.6% 1Y
1Y: ₹65.17 on 24 Oct 2025 → ₹51.1. High ₹128.5 (8 Jan 2026), low ₹50.5 (26 Oct 2026).
- Previous close
- ₹50.5
- Market cap
- ₹85 Cr
- 52-week range
- ₹50.5 – ₹128.5
- One year
- −24.74%
- Price to earnings (TTM to Jun 2026)
- 5.97×
- Return on equity (TTM to Jun 2026)
- 8.71%
Overview
- Symbol
- NSE:PIONRINV
- Sector
- Financial Services
- Exchange
- NSE
- Currency
- INR
What Pioneer Investcorp Limited does
Based on the company's own presentations, annual report and earnings calls.
Pioneer Investcorp Limited is a SEBI-registered merchant banker headquartered in Mumbai, in operation since 1984. Its core business is investment banking across both equity and debt — spanning equity capital markets/merchant banking advisory as well as debt syndication and non-convertible debenture placement advisory — with dedicated functional heads for Investment Banking-Equities and Fixed Income/Equity. Alongside its advisory mandates, the company runs a proprietary trading and investment book in Government Securities, corporate bonds and equities.
Segments
- Investment Banking – Equities
- Investment Banking – Debt
- Proprietary Trading & Investments
- SEBI registration
- Registered Merchant Banker
- Core business lines
- Investment Banking (Equities & Debt) and Proprietary Trading
- Years in operation
- 41+ (since 1984)
Fundamentals
Ratios, each with its period
Current values with the period they cover; the trend reads across the 6 fiscal years held (Mar 2021 to Mar 2026).
Financials
What the filings say
Net profit, year on year: −56% (quarter to jun 2026 against jun 2025).
| Line item | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 6 | 7 | 8 | 13 | 11 | 9 | 2 | 5 |
| Expenses | 4 | 4 | 6 | 7 | 5 | 3 | 4 | 3 |
| Operating profit | 2 | 3 | 2 | 6 | 5 | 5 | -2 | 1 |
| Operating margin | 26.0% | 45.6% | 22.9% | 46.1% | 48.9% | 61.9% | −87.4% | 27.8% |
| Other income | 4 | 0 | 4 | 0 | 0 | 0 | 7 | 2 |
| Interest | 4 | 2 | 3 | 3 | 1 | 1 | 3 | 1 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 1 | 1 | 3 | 3 | 4 | 4 | 3 | 1 |
| Tax rate | 23.4% | 18.2% | 68.9% | 25.2% | 25.1% | 25.2% | −4.3% | 25.7% |
| Net profit | 1 | 1 | 1 | 2 | 3 | 3 | 3 | 1 |
| EPS (₹ per share) | 0.67 | 0.74 | 0.64 | 1.94 | 2.22 | 2.45 | 2.18 | 0.85 |
| Line item | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Sales | 26 | 27 | 34 |
| Expenses | 15 | 18 | 19 |
| Operating profit | 11 | 9 | 15 |
| Other income | 0 | 9 | 8 |
| Interest | 8 | 11 | 9 |
| Depreciation | 1 | 1 | 1 |
| Profit before tax | 3 | 6 | 13 |
| Net profit | 2 | 3 | 11 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 13 | 13 | 13 | 13 | 13 | 13 |
| Reserves | 116 | 118 | 117 | 120 | 151 | 131 |
| Borrowings | 51 | 74 | 67 | 101 | 71 | 53 |
| Other liabilities | 9 | 12 | 7 | 12 | 137 | 9 |
| Total liabilities | 189 | 217 | 204 | 246 | 372 | 207 |
| Fixed assets | 4 | 3 | 3 | 3 | 6 | 4 |
| Capital work in progress | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 60 | 60 | 56 | 58 | 124 | 58 |
| Other assets | 125 | 153 | 146 | 186 | 242 | 144 |
| Total assets | 189 | 217 | 204 | 246 | 372 | 207 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operations | -56 | 58 | -17 | 16 | 3 | 79 |
| Cash from investing | 1 | 0 | 0 | 6 | -25 | -22 |
| Cash from financing | 54 | -59 | 17 | -22 | 22 | -57 |
| Net cash flow | -2 | -0 | -0 | 0 | 0 | 0 |
| Free cash flow | -56 | 57 | -17 | 16 | 3 | 77 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 1108 | 897 | 1563 | 1336 | 621 | 506 |
| Cash conversion cycle | 1108 | 897 | 1563 | 1336 | 621 | 506 |
| Working capital days | 2285 | 1529 | 1782 | 1616 | 1213 | 537 |
| Return on capital employed | 5.1% | 5.9% | 4.3% | 5.4% | 8.0% | 10.2% |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Where revenue comes from
The businesses behind the company’s reported revenue.
Shares and Securities / Investments contributes 72.8% of reported segment revenue.
Year ended 31 Mar 2019 · Consolidated
- Shares and Securities / Investments 72.8%
₹27.42 crore
- Advisory and Merchant Banking Fees 21.8%
₹8.22 crore
- Equity Brokerage and Related Income 4.0%
₹1.52 crore
- Unallocated 1.4%
₹0.53 crore
| Business segment | Revenue · ₹ crore | Share |
|---|---|---|
| Shares and Securities / Investments | 27.42 | 72.8% |
| Advisory and Merchant Banking Fees | 8.22 | 21.8% |
| Equity Brokerage and Related Income | 1.52 | 4.0% |
| Unallocated | 0.53 | 1.4% |
Share = segment revenue ÷ total segment revenue, before intersegment adjustments.
How these numbers add up
- Total segment revenue
- ₹37.69 crore
- Intersegment adjustment
- Not reported
- Net segment revenue
- ₹37.69 crore
Intersegment transactions are between the company’s own businesses. Net segment revenue can differ from income-statement revenue because reporting definitions differ.
Source: FinEdge · Last checked 19 Sept 2026. Reported segment names are kept as supplied.
Ownership
Who owns it
Promoters hold 65.91% as of Jun 2026; institutions added 0.00 pts since Mar 2026.
- Promoters 65.91%
- Foreign institutions 2.99%
- Domestic institutions 0.22%
- Public 30.89%
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- newly disclosed 1.01% held
- +0.45 pp 65.05% held
The same filing shows 1 holder trimming and 0 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Pioneer Investcorp Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| 65.05% | +0.45 pp | |
| 4.68% | unchanged | |
| FPI fund | 2.99% | unchanged |
| 2.33% | unchanged | |
| 1.74% | unchanged | |
| 1.16% | −0.47 pp | |
| 1.10% | unchanged | |
| 1.01% | newly disclosed | |
| 0.56% | unchanged | |
| 0.30% | unchanged |
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.
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