PML

Paul Merchants financials

Market cap
₹149 Cr
Sector
Financial Services

Quarterly results

Q1 FY27: revenue down 4.9%, net profit down 40.3% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue985 749 578 493 591 −40%500 −33%472 −18%469 −5%
EBITDA-0 -2 -3 -2 -2 −880%-2 −34%-3 −3%-2 −9%
Net profit3 0 1 1 11 +320%0 −75%0 −42%1 −40%
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 −33.8% 1Y

₹400₹500₹600₹700Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26

1Y: ₹735.55 on 10 Sept 2025 → ₹487.05. High ₹740 (18 Sept 2025), low ₹410.75 (30 Mar 2026).

Financials, as filed

Revenue fell 43.8% a year over 2 years, FY24 to FY26. Operating margin narrowed to -0.4%.

Year endingFY24FY25FY26
Revenue₹6.5k Cr₹3.3k Cr₹2.1k Cr
Operating profit₹10 Cr₹-5 Cr₹-9 Cr
Operating margin0.1%-0.1%-0.4%
Interest₹2 Cr₹1 Cr₹1 Cr
Depreciation₹3 Cr₹3 Cr₹4 Cr
Net profit₹26 Cr₹6 Cr₹13 Cr
Net margin0.4%0.2%0.6%
Cash from operations₹-14 Cr₹-27 Cr₹-3 Cr
Free cash flow₹-21 Cr₹-31 Cr₹-6 Cr
ROCE8.0%2.0%3.0%
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 endingFY21FY22FY23FY24FY25FY26
Equity capital₹1 Cr₹1 Cr₹1 Cr₹3 Cr₹3 Cr₹3 Cr
Reserves₹403 Cr₹424 Cr₹449 Cr₹473 Cr₹907 Cr₹492 Cr
Borrowings₹5 Cr₹10 Cr₹20 Cr₹14 Cr₹12 Cr₹7 Cr
Other liabilities₹18 Cr₹37 Cr₹56 Cr₹53 Cr₹60 Cr₹25 Cr
Total liabilities₹427 Cr₹471 Cr₹526 Cr₹543 Cr₹981 Cr₹527 Cr
Fixed assets₹59 Cr₹58 Cr₹57 Cr₹61 Cr₹69 Cr₹62 Cr
Capital work in progress₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Investments₹203 Cr₹196 Cr₹190 Cr₹237 Cr₹644 Cr₹372 Cr
Other assets₹165 Cr₹217 Cr₹279 Cr₹245 Cr₹268 Cr₹94 Cr
Total assets₹427 Cr₹471 Cr₹526 Cr₹543 Cr₹981 Cr₹527 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 2026

Since Jun 2025, FIIs trimmed −0.16 pp while the public added +0.15 pp. The shareholder count shrank 4% to 4,237.

Promoters
74.7%
Public
25.3%

Since Jun 2025

  • FIIs −0.16 pp
  • Public +0.15 pp
  • Promoters 0.00 pp

How it drifted, 12 quarters

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 74.7%, Public 25.4%.Dec '23: Promoters 74.7%, Public 25.4%.Mar '24: Promoters 74.7%, Public 25.4%.Jun '24: Promoters 74.7%, Public 25.4%.Sep '24: Promoters 74.7%, FIIs 0.2%, Public 25.1%.Dec '24: Promoters 74.7%, FIIs 0.2%, Public 25.1%.Mar '25: Promoters 74.7%, FIIs 0.2%, Public 25.2%.Jun '25: Promoters 74.7%, FIIs 0.2%, Public 25.2%.Sep '25: Promoters 74.7%, FIIs 0.2%, Public 25.2%.Dec '25: Promoters 74.7%, FIIs 0.2%, Public 25.2%.Mar '26: Promoters 74.7%, Public 25.4%.Jun '26: Promoters 74.7%, Public 25.3%.

Who was buying across the market this quarter →

Who is on the register

Named in the Jun 2026 filing

Every holder of Paul Merchants Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Rajneesh Bansal 28.62%unchanged
Sarita Bansal 18.04%unchanged
Sat Paul Bansal 18.04%unchanged
Paul Excursions LLP 9.96%unchanged
Vikram Gupta 3.50%unchanged
Vinod Kumar Garg 2.38%unchanged
Nita Bansal 0.00%unchanged
Sandeep Bansal 0.00%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 Paul Merchants Limited

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