Skip to content
Paul Merchants logo

Paul Merchants

PML NSE
₹456.00 +13.55 (+3.06%)
P/E
Not meaningful: loss-making over the last twelve months
View as Markdown
MCP
Close 4 Nov 2026 ₹456.00 −199.10 −30.4% 1Y
Start ₹655.10

Key Fundamentals

MicrocapFinanceFinancial Services

Price-based figures as of · EPS basis: Consolidated · TTM

ROCE
−30.80%
Debt to Equity
0.01
EPS (TTM)
−₹31.80
Book Value
₹2,909.44
Market Cap
—
P/E (TTM)
Not meaningful: loss-making over the last twelve months
P/B
0.16
ROE
−31.80%
Dividend Yield
0.00%
EBITDA
₹25.30 Cr
52W High
₹684.95
52W Low
₹407.00
Day Range
₹446.00 – ₹479.20
Volume
716

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

57 Good

Data confidence 94/100

Category scores

Quality
59
Good
Returns, margins, earnings quality 22% weight
Valuation
77
Strong
Cheap vs sector & own history 24% weight
Growth
30
Poor
Sales & profit trajectory 9% weight
Financial Health
65
Good
Solvency, leverage, coverage 9% weight
Momentum
32
Poor
Trend strength, vol-adjusted 12% weight
Ownership
50
Average
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

3
  • Company has reduced debt.
  • Company is almost debt free.
  • Stock is trading at 0.17 times its book value

Weaknesses

5
  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of -7.05% over past five years.
  • Company has a low return on equity of -20.0% over last 3 years.
  • Contingent liabilities of Rs.52.2 Cr.
  • Earnings include an other income of Rs.17.0 Cr.

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bearish1072
OscillatorsBearish270
Moving AveragesStrong Bearish802

Key readings

RSI (14)
46.63
Neutral
MACD (12,26,9)
−8.17
Bearish
SMA (50)
478.28
Bearish
SMA (200)
512.32
Bearish

As of

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y−1.55%
5Y−7.05%
3Y−32.99%
1Y−36.75%
TTM−26.71%

Net profit

Net profit growth by window
10Y+29.68%
5Y+52.14%
3Y+82.85%
1Y+320.31%
TTMTurned to loss

Operating cash flow

Operating cash flow growth by window
10Y+34.67%
5YTurned positive
3YTurned positive
1Y−8.04%
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y−0.30 pp
5Y−0.68 pp
3Y−0.18 pp
1Y+1.21 pp
TTM+0.06 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹2,891 Cr
Mar 2018₹4,553 Cr
Mar 2019₹4,928 Cr
Mar 2020₹5,405 Cr
Mar 2021₹3,041 Cr
Mar 2022₹5,367 Cr
Mar 2023₹7,012 Cr
Mar 2024₹6,506 Cr
Mar 2025₹3,336 Cr
Mar 2026₹2,110 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹13.00 Cr
Mar 2018₹214 Cr
Mar 2019₹22.00 Cr
Mar 2020₹26.00 Cr
Mar 2021₹33.00 Cr
Mar 2022₹40.00 Cr
Mar 2023₹44.00 Cr
Mar 2024₹55.00 Cr
Mar 2025₹64.00 Cr
Mar 2026₹269 Cr

Quarterly Results

₹ Cr
539113 quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
1,836
1,839
2,090
854
1,016
986
750
582
493
593
505
482
481
Expenses
1,809
1,810
2,058
860
1,016
988
753
585
497
601
508
483
476
Operating Profit
27.35
29.36
32.77
−5.66
−0.47
−1.22
−2.65
−2.97
−4.16
−7.74
−3.16
−0.42
4.46
OPM %
1.49%
1.6%
1.57%
−0.66%
−0.05%
−0.12%
−0.35%
−0.51%
−0.84%
−1.3%
−0.63%
−0.09%
0.93%
Other Income
1.04
1.53
3.03
17.05
15.66
19.6
21.82
21.07
294
7.38
−6.92
6.18
10.39
Interest
8.73
10.15
11.48
0.69
0.28
0.66
0.49
0.53
0.53
0.24
0.16
0.16
0.17
Depreciation
1.2
1.35
1.65
1.56
0.73
1.05
0.96
1.07
0.83
1.42
1.61
1.61
1.26
PBT
18.46
19.39
22.67
9.14
14.18
16.67
17.72
16.5
288
−2.02
−11.85
3.99
13.42
Tax %
25.95%
25.06%
24.61%
−2.08%
6.14%
3.42%
−0.06%
−1.15%
0.29%
227.72%
21.43%
41.6%
33.68%
Net Profit
13.67
14.53
17.09
9.34
13.32
16.1
17.72
16.69
287
−6.61
−14.4
2.29
8.91
EPS (₹)
44.1
46.87
55.42
30.29
43.19
52.2
57.46
54.12
932
−21.43
−46.69
7.43
28.89

Profit & Loss

₹ Cr
539113 profit and loss, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
2,165
2,466
2,891
4,553
4,928
5,405
3,041
5,367
7,012
6,506
3,336
2,110
2,061
Expenses
2,138
2,433
2,881
4,529
4,901
5,363
2,991
5,300
6,929
6,497
3,343
2,089
2,068
Operating Profit
27
32
10
25
27
42
51
68
83
9
−7
21
−7
OPM %
1.3%
1.3%
0.3%
0.5%
0.5%
0.8%
1.7%
1.3%
1.2%
0.1%
−0.2%
1%
−0.3%
Other Income
3
5
11
201
2
0
1
1
1
59
78
264
17
Interest
4
3
2
2
1
2
5
11
20
2
2
1
1
Depreciation
3
3
3
4
3
3
3
3
4
3
4
5
6
PBT
24
31
16
220
24
36
44
54
60
62
65
278
4
Tax %
35%
35%
23%
3%
8%
26%
23%
26%
26%
12%
2%
3%
—
Net Profit
15
20
13
214
22
26
33
40
44
55
64
269
−10
EPS (₹)
49.29
65.71
41.35
689
71.23
85.06
108
130
142
177
207
871
−31.8
Div. Payout %
0%
0%
0%
0%
0%
1%
0%
0%
0%
0%
0%
0%
—

Balance Sheet

₹ Cr
539113 balance sheet, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
1
1
1
1
1
1
1
1
1
3
3
3
Reserves
117
138
148
363
366
392
426
466
510
562
626
894
Borrowings
21
24
18
22
17
33
80
132
307
493
24
10
Other Liabilities
59
56
60
87
21
29
29
51
72
98
935
32
Total Liabilities
198
218
228
473
405
455
535
649
890
1,156
1,587
940
Fixed Assets
44
54
50
76
76
64
63
63
67
72
62
135
CWIP
2
1
1
0
0
0
1
0
1
0
0
0
Investments
0
5
9
123
99
55
37
30
24
22
2
306
Other Assets
152
158
167
274
231
336
434
555
799
1,063
1,523
499
Total Assets
198
218
228
473
405
455
535
649
890
1,156
1,587
940

Cash Flow

₹ Cr
539113 cash flow, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
108
21
18
−276
13
−83
−69
−38
−154
−135
448
412
Investing
−22
−16
1
241
−25
73
23
6
0
−5
17
−387
Financing
−76
−2
−5
2
−6
13
42
41
155
143
−471
−14
Net Cash Flow
11
2
14
−34
−18
4
−4
9
2
3
−6
11
Free Cash Flow
85
8
15
−41
10
−76
−71
−41
−162
−146
444
403
CFO/OP
429
99
393
−857
66
−178
−115
−36
−167
−1,273
−6,754
2,196

Ratios

539113 financial ratios, annual
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
8
6
4
1
0
0
0
0
0
0
1
1
Inventory Days
1
1
1
0
0
1
1
0
1
1
1
4
Days Payable
7
5
3
1
0
0
0
0
0
0
0
1
Cash Conversion Cycle
2
2
2
1
0
1
1
1
1
1
2
5
Working Capital Days
1
1
−1
3
12
20
47
33
36
52
1
33
ROCE %
—
23%
11%
80%
6%
10%
10%
12%
11%
−5%
−10%
−31%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Paul Merchants insights

34 extracted metrics across FY15–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 74.65%
  • Public 23.61%
  • Others 1.73%

No promoter shares pledged as of 14 Oct 2026

Change vs previous quarter

Documents

Frequently Asked Questions about Paul Merchants

What does Paul Merchants Ltd do?
Paul Merchants Ltd is a Chandigarh-operated financial-services group active since 1984. The parent is an RBI-authorised AD Category-II foreign-exchange and cross-border-payments intermediary offering travel and money-transfer services, while subsidiaries house lending, real estate and IT operations.
Where is Paul Merchants Ltd (PML) listed?
Paul Merchants Ltd trades as PML on the NSE and under code 539113 on the BSE.
Which sector does Paul Merchants Ltd belong to?
Paul Merchants Ltd is classified under the Financial Services sector, in the Other Financial Services industry.
What is the 52-week high and low of Paul Merchants Ltd?
Over the last 52 weeks Paul Merchants Ltd has traded between ₹407 and ₹684.95 as of 4 Nov 2026.
What is the Return on Equity (ROE) of Paul Merchants Ltd?
Paul Merchants Ltd reported a return on equity of -31.80%. Its debt-to-equity ratio is 0.01.

Company Information

Paul Merchants Ltd is a Chandigarh-operated financial-services group active since 1984. The parent is an RBI-authorised AD Category-II foreign-exchange and cross-border-payments intermediary offering travel and money-transfer services, while subsidiaries house lending, real estate and IT operations. Its shares are listed on BSE and permitted to trade on NSE under PML.

Website paulmerchants.net
Listed 22 Apr 2015
Face Value ₹10

For AI agents and developers

Reading this as an AI agent, LLM or automated pipeline? Every page on Tapetide is also published as clean Markdown — no navigation, no scripts, just the data. Fetch https://tapetide.com/stocks/539113.md for Paul Merchants Ltd: dated key facts, then this page's sections in order: latest price, key fundamentals, peer comparison, the Tapetide Score, technical indicators, analyst ratings, growth rates, analyst forecasts, the AI analysis and news digest (labelled as AI-generated), financial statements, shareholding pattern, documents and the FAQ.

Append .md to any Tapetide URL for the same treatment. A full index of what we publish is at /llms.txt and /llms-full.txt. For live, structured queries instead of documents, use our Indian stock market MCP server.

Explore More

More NBFC & Finance stocks → FII DII DataStock ScreenerNifty 50 HeatmapF&O Ban ListFII and DII flows, month by monthHow Tapetide Scores changed, month by monthStocks mutual funds are buying, month by month