Paul Merchants share price & results
- Jun 2026
- Jun 2026
New Delhi-registered financial services company operating a 69-branch network across North, West, Central and South India, with real-estate, finance and IT subsidiaries.
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 | 469 | −4.9% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | -0.4 | −0.1 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 0.86 | −40.3% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
| Return on equity | 2.65 | −17.3 pts | Trailing twelve months | TTM to Jun 2026 | Adjusted profit attributable to owners ÷ average owners’ equity. |
| Free cash flow margin | 19.10 | +5.8 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | -26.71 | +12.0 pts | Trailing twelve months | TTM to Jun 2026 | Revenue change against the same period one year earlier. |
Price
Performance −34.9% 1Y
1Y: ₹681.85 on 24 Oct 2025 → ₹444.05. High ₹693.05 (27 Oct 2025), low ₹410.75 (30 Mar 2026).
- Previous close
- ₹462.3
- Market cap
- ₹143 Cr
- 52-week range
- ₹410.75 – ₹693.05
- One year
- −35.93%
- Price to earnings (TTM to Jun 2026)
- 7.08×
- Return on equity (TTM to Jun 2026)
- 2.65%
Overview
- Symbol
- NSE:PML
- Sector
- Financial Services
- Exchange
- NSE
- Currency
- INR
What Paul Merchants Limited does
Based on the company's own presentations, annual report and earnings calls.
Paul Merchants Limited is a financial services company registered in New Delhi with its corporate office in Chandigarh. It operates through a network of 69 branch offices spread across states and union territories including Punjab, Haryana, Himachal Pradesh, Gujarat, Rajasthan, Madhya Pradesh, Maharashtra, Kerala, Telangana, Delhi and Chandigarh. The company has three wholly owned subsidiaries — PML Realtors (Pvt) Ltd, Paul Merchants Finance (Pvt) Ltd, and Paul Infotech (Pvt) Ltd — extending its activities into real estate, financing and information technology.
Segments
- Branch-network financial services
- Real estate
- Finance
- Information technology
- Branch offices
- 69
- States/UTs with branch presence
- 13
- Branch office cities
- 60+
- Regional coverage
- North, West, Central and South India
- Wholly owned subsidiaries
- 3 (real estate, finance, IT)
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: −40% (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 | 985 | 749 | 578 | 493 | 591 | 500 | 472 | 469 |
| Expenses | 986 | 751 | 581 | 495 | 594 | 502 | 475 | 471 |
| Operating profit | -0 | -2 | -3 | -2 | -2 | -2 | -3 | -2 |
| Operating margin | −0.0% | −0.2% | −0.5% | −0.4% | −0.4% | −0.4% | −0.6% | −0.4% |
| Other income | 5 | 3 | 4 | 5 | 18 | 4 | 4 | 4 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Profit before tax | 4 | 1 | 1 | 2 | 15 | 0 | 0 | 1 |
| Tax rate | 25.9% | 69.8% | 23.5% | 20.3% | 23.1% | 91.1% | 34.1% | 30.3% |
| Net profit | 3 | 0 | 1 | 1 | 11 | 0 | 0 | 1 |
| EPS (₹ per share) | 8.82 | 0.52 | 1.69 | 4.67 | 37.03 | 0.13 | 0.97 | 2.79 |
| Line item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Sales | 6,982 | 6,500 | 3,329 | 2,056 |
| Expenses | 6,916 | 6,490 | 3,333 | 2,065 |
| Operating profit | 66 | 10 | -5 | -9 |
| Other income | 9 | 30 | 17 | 31 |
| Interest | 13 | 2 | 1 | 1 |
| Depreciation | 3 | 3 | 3 | 4 |
| Profit before tax | 57 | 35 | 8 | 18 |
| Net profit | 41 | 26 | 6 | 13 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 1 | 1 | 3 | 3 | 3 | 3 |
| Reserves | 424 | 449 | 473 | 479 | 907 | 492 |
| Borrowings | 10 | 20 | 14 | 16 | 12 | 7 |
| Other liabilities | 37 | 56 | 53 | 31 | 60 | 25 |
| Total liabilities | 471 | 526 | 543 | 530 | 981 | 527 |
| Fixed assets | 58 | 57 | 61 | 61 | 69 | 62 |
| Capital work in progress | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 196 | 190 | 237 | 243 | 644 | 372 |
| Other assets | 217 | 279 | 245 | 225 | 268 | 94 |
| Total assets | 471 | 526 | 543 | 530 | 981 | 527 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operations | -5 | 22 | 20 | -14 | -27 | -3 |
| Cash from investing | 4 | -22 | -25 | 17 | 34 | 8 |
| Cash from financing | 4 | 4 | 9 | -8 | 2 | -10 |
| Net cash flow | 3 | 5 | 3 | -5 | 8 | -5 |
| Free cash flow | -4 | 22 | 19 | -21 | -31 | -6 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 0 | 0 | 0 | 0 | 1 | 1 |
| Inventory days | 1 | 0 | 0 | 0 | 1 | 1 |
| Days payable | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash conversion cycle | 1 | 0 | 0 | 0 | 1 | 2 |
| Working capital days | 17 | 11 | 11 | 10 | 17 | 4 |
| Return on capital employed | 4.0% | 7.0% | 8.0% | 8.0% | 2.0% | 3.0% |
| 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.
Segment – Forex contributes 97.2% of reported segment revenue.
Quarter ended 30 Jun 2026 · Consolidated
- Segment – Forex 97.2%
₹467.55 crore
- Segment – Other Loans (Other than Gold Loan) 2.4%
₹11.72 crore
- Segment – Travel 0.3%
₹1.35 crore
- Segment - Others <0.1%
₹0.16 crore
- Segment – Gold Loan (Discontinued) 0.0%
₹0.00 crore
| Business segment | Revenue · ₹ crore | Share |
|---|---|---|
| Segment – Forex | 467.55 | 97.2% |
| Segment – Other Loans (Other than Gold Loan) | 11.72 | 2.4% |
| Segment – Travel | 1.35 | 0.3% |
| Segment - Others | 0.16 | <0.1% |
| Segment – Gold Loan (Discontinued) | 0.00 | 0.0% |
Share = segment revenue ÷ total segment revenue, before intersegment adjustments.
How these numbers add up
- Total segment revenue
- ₹480.77 crore
- Intersegment adjustment
- Not reported
- Net segment revenue
- ₹480.77 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.
How the mix has moved
Each segment’s share of reported revenue, quarter by quarter.
| Segment | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Segment – Forex | — | — | 90% | — | — | — | — | 97% | — |
| Segment – Other Loans (Other than Gold Loan) | — | — | — | — | — | — | — | 2% | — |
| Segment – Travel | — | — | <1% | — | — | — | — | <1% | — |
| Segment - Others | — | — | — | — | — | — | — | <1% | — |
| Segment – Gold Loan (Discontinued) | — | — | — | — | — | — | — | 0% | — |
Share of reported segment revenue by quarter, consolidated basis, as filed. A quarter the company did not report is left blank, never carried forward.
See how segments are shifting across companies → Segment Shift
Ownership
Who owns it
Promoters hold 74.66% as of Jun 2026; institutions added 0.00 pts since Mar 2026.
- Promoters 74.66%
- Foreign institutions 0.00%
- Public 25.34%
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.
| Holder | Stake | Change |
|---|---|---|
| 28.62% | unchanged | |
| 18.04% | unchanged | |
| 18.04% | unchanged | |
| 9.96% | unchanged | |
| 3.50% | unchanged | |
| 2.38% | 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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