PIPAN
PIPAN financials
Quarterly results
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EBITDA | -0 | -0 | -0 | 0 | -0 −10% | -0 −50% | -1 −1280% | -1 |
| Net profit | -0 | -0 | -0 | 0 | -0 −10% | -0 −50% | -2 −3700% | -1 |
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 +103.2% 1Y
1Y: ₹90.23 on 5 Sept 2025 → ₹183.35. High ₹183.35 (10 Aug 2026), low ₹90.23 (5 Sept 2025).
Financials, as filed
| Year ending | FY25 | FY26 |
|---|---|---|
| Revenue | ₹0 Cr | ₹0 Cr |
| Operating profit | ₹-0 Cr | ₹-1 Cr |
| Interest | ₹0 Cr | ₹0 Cr |
| Depreciation | ₹0 Cr | ₹0 Cr |
| Net profit | ₹-0 Cr | ₹-2 Cr |
| ROCE | -2.1% | -38.7% |
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.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, promoters added +72.03 pp while the public trimmed −72.02 pp. The shareholder count shrank 6% to 1,678.
- Promoters
- 74.9%
- Public
- 25.1%
Since Jun 2025
- Promoters +72.03 pp
- Public −72.02 pp
How it drifted, 12 quarters
Over this window promoters went from 21.1% to 74.9% — +53.8 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 21.1%, Public 78.9%.Dec '23: Promoters 21.1%, Public 78.9%.Mar '24: Promoters 94.7%, Public 5.3%.Jun '24: Promoters 9.9%, Public 90.0%.Sep '24: Promoters 9.9%, Public 90.0%.Dec '24: Promoters 9.9%, Public 90.1%.Mar '25: Promoters 9.9%, Public 90.0%.Jun '25: Promoters 2.9%, Public 97.1%.Sep '25: Promoters 2.9%, Public 97.1%.Dec '25: Promoters 2.9%, Public 97.1%.Mar '26: Promoters 74.9%, Public 25.1%.Jun '26: Promoters 74.9%, Public 25.1%.
Who is on the register
Named in the Jun 2026 filing
Every holder of PIPAN above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Avnish Jindal | 24.19% | unchanged |
| Piyush Gupta | 22.14% | unchanged |
| Purshottam Kumar Gupta | 13.81% | unchanged |
| Nilesh Jindal | 11.89% | unchanged |
| Vijay Mittal | 4.36% | unchanged |
| Jai Dev Gupta | 3.99% | unchanged |
| Anju Gupta | 3.03% | unchanged |
| Nidhi Garg | 2.91% | unchanged |
| Puneet Gupta | 2.85% | unchanged |
| Parul Gupta | 2.85% | unchanged |
| Raconteur Granite Limited | 2.85% | unchanged |
| Ankit Garg | 2.42% | 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.
Learn to analyse PIPAN
Guides on how to read this kind of business and the numbers that matter.