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Pilani Investment & Industries Corporation

PILANIINVS NSE
₹3,866.30 No trade today
P/E
Not meaningful: loss-making over the last twelve months
View as Markdown
MCP
Close 4 Nov 2026 ₹3,866.30 −1,229.70 −24.1% 1Y
Start ₹5,096.00

Key Fundamentals

MicrocapFinanceFinancial Services

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

ROCE
1.41%
Debt to Equity
0.15
EPS (TTM)
−₹11.00
Book Value
₹14,334.48
Market Cap
—
P/E (TTM)
Not meaningful: loss-making over the last twelve months
P/B
0.27
ROE
0.20%
Dividend Yield
0.23%
EBITDA
₹256 Cr
52W High
₹5,450.00
52W Low
₹3,672.10
Volume
0

Peer Comparison

Financial Services › Holding Company › Investment Company

Pilani Investment & Industries peer comparison
Jio Financial
₹222.2784.51₹1,43,288 Cr1.160.28%1.19%1.86%₹5,623 Cr₹1,711 Cr
Aditya Birla Capital
₹379.9525.26₹1,05,060 Cr2.440.00%12.00%—₹48,186 Cr₹4,119 Cr
Tata Investment Corporation
₹564.5066.26₹28,326 Cr0.920.61%1.44%1.57%₹404 Cr₹431 Cr
Cholamandalam Financial Holdings
₹1,374.809.67₹26,343 Cr1.670.09%17.50%—₹40,890 Cr₹6,015 Cr
TVS Holdings
₹12,237.0012.55₹24,865 Cr3.700.69%30.60%17.00%₹62,488 Cr₹3,888 Cr
Maharashtra Scooters
₹11,775.0048.32₹13,738 Cr0.421.32%1.06%1.06%₹289 Cr₹279 Cr
JSW Holdings
₹10,942.0088.41₹12,133 Cr0.340.00%0.46%0.59%₹184 Cr₹138 Cr
Pilani Investment & Industries (this company)
₹3,866.30—₹4,289 Cr0.270.23%0.20%1.41%₹248 Cr−₹11 Cr
Median 8 companies₹2,620.5548.32₹25,604 Cr1.040.26%1.32%1.49%₹3,014 Cr₹1,071 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

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

Overall score

49 Average

Data confidence 94/100

Category scores

Quality
32
Poor
Returns, margins, earnings quality 22% weight
Valuation
90
Strong
Cheap vs sector & own history 24% weight
Growth
20
Poor
Sales & profit trajectory 9% weight
Financial Health
26
Poor
Solvency, leverage, coverage 9% weight
Momentum
21
Poor
Trend strength, vol-adjusted 12% weight
Ownership
56
Good
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

2
  • Stock is trading at 0.28 times its book value
  • Company has been maintaining a healthy dividend payout of 19.6%

Weaknesses

3
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 7.34% over past five years.
  • Company has a low return on equity of 0.67% over last 3 years.

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bearish1063
OscillatorsBullish162
Moving AveragesStrong Bearish901

Key readings

RSI (14)
41.61
Neutral
MACD (12,26,9)
−62.84
Bullish
SMA (50)
4,082.53
Bearish
SMA (200)
4,408.02
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+26.03%
5Y+7.30%
3Y+0.48%
1Y−7.21%
TTM−15.12%

Net profit

Net profit growth by window
10Y+11.98%
5Y−20.40%
3Y−49.86%
1Y−68.37%
TTMTurned to loss

Operating cash flow

Operating cash flow growth by window
10Y+48.40%
5YTurned positive
3Y+47.82%
1Y+113.47%
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+10.12 pp
5Y−7.29 pp
3Y−8.80 pp
1Y−6.72 pp
TTM−7.12 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹35.00 Cr
Mar 2018₹30.00 Cr
Mar 2019₹25.00 Cr
Mar 2020₹126 Cr
Mar 2021₹199 Cr
Mar 2022₹258 Cr
Mar 2023₹279 Cr
Mar 2024₹286 Cr
Mar 2025₹305 Cr
Mar 2026₹283 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹43.00 Cr
Mar 2018₹20.00 Cr
Mar 2019₹2,017 Cr
Mar 2020₹175 Cr
Mar 2021₹97.00 Cr
Mar 2022₹201 Cr
Mar 2023₹246 Cr
Mar 2024₹166 Cr
Mar 2025₹98.00 Cr
Mar 2026₹31.00 Cr

AI Analysis — Bull vs Bear

Generated 31 Jul 2026
AI opinion · based on fundamentals
Risk high

Pilani Investment & Industries Corporation Ltd is a financial services holding company trading at a market cap of ₹4,798 Cr with a price-to-book ratio of 0.30x, indicating a steep discount to book value. However, profitability has deteriorated sharply with TTM profit declining 68% and ROE averaging just 1% over three years, while the stock trades at a PE of 153.9x reflecting weak earnings.

Bull Case 7
  • Stock trades at just 0.30x book value, offering significant discount to net asset value for an investment holding company
  • 10-year compounded profit growth of 12% shows the company has historically been able to grow earnings over longer cycles
  • 10-year stock CAGR of 17% demonstrates meaningful long-term wealth creation for shareholders
  • Company maintains a healthy dividend payout ratio of 19.6%, providing some income return to shareholders
  • 10-year compounded sales growth of 26% indicates the underlying portfolio or business has scaled significantly over the longer term
  • 3-year stock CAGR of 29% suggests market has re-rated the stock despite weak near-term fundamentals
  • 5-year compounded sales growth of 7% shows revenue base has continued to expand even during recent periods of profit decline
Bear Case 8
  • TTM compounded profit declined 68%, indicating a severe collapse in earnings in the most recent period
  • 3-year compounded profit growth of -50% shows sustained and deepening earnings deterioration, not a one-off
  • PE ratio of 153.9x is extremely elevated, suggesting current earnings are negligible relative to market price
  • 3-year average ROE of just 1% and last year ROE of 0% reflects near-zero return on shareholder equity
  • Low interest coverage ratio indicates the company may struggle to service debt from operating profits
  • Dividend yield of only 0.21% provides negligible income despite the stated payout ratio, due to weak earnings
  • 1-year stock performance of -15% shows the market is beginning to penalize the weak fundamentals
  • 5-year compounded profit growth of -20% confirms a multi-year structural decline in profitability, not a cyclical dip

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

94d ago

TL;DR: Recent news flow for Pilani Investment is purely procedural—a scheduled board exit and routine AGM business including dividend declaration. No material headwinds or catalysts are visible in the current cycle. The outlook remains stable but uneventful, with investors awaiting substantive business developments or financial disclosures for directional cues.

Neutral 2
  • Independent Director exits board Jul 24

    A. K. Kothari ceases as Independent Director effective July 25, 2026, after completing his second five-year term. Routine tenure expiry, not a resignation.

  • 79th AGM concludes smoothly Jul 13

    Pilani Investment held its 79th AGM on July 13, 2026, passing 5 resolutions including dividend declaration and director appointments.

Quarterly Results

₹ Cr
PILANIINVS quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
55
107
62
63
62
123
61
57
50
129
60
44
14
Expenses
2
2
5
1
2
2
5
6
4
21
4
3
3
Operating Profit
53
104
57
62
60
121
56
51
46
108
55
41
11
OPM %
96%
98%
92%
98%
97%
98%
93%
90%
93%
84%
93%
92%
80%
Other Income
0
0
0
0
0
2
1
3
0
0
0
5
0
Interest
16
17
19
22
20
20
20
29
40
39
42
44
46
Depreciation
0
0
0
0
0
0
0
0
0
0
0
0
0
PBT
36
87
38
40
40
103
37
24
6
69
13
2
−34
Tax %
25%
26%
27%
25%
25%
25%
28%
25%
28%
28%
26%
47%
0%
Net Profit
25
54
56
31
33
78
13
−25
−4
45
−14
5
−47
EPS (₹)
22.85
48.95
50.14
28.4
29.36
70.18
12.08
−22.66
−3.63
40.38
−13
4.29
−42.67

Profit & Loss

₹ Cr
PILANIINVS profit and loss, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
32
28
35
30
25
126
199
258
279
286
305
283
248
Expenses
6
6
4
4
3
11
7
7
7
10
14
32
32
Operating Profit
26
22
31
26
22
115
191
250
272
276
291
251
216
OPM %
80%
78%
90%
87%
87%
91%
96%
97%
98%
96%
95%
89%
87%
Other Income
0
0
0
−2
0
0
1
0
1
0
2
5
6
Interest
0
0
0
0
19
43
52
59
65
74
88
165
171
Depreciation
0
0
1
1
0
0
0
0
0
0
0
0
0
PBT
26
22
30
23
3
72
140
191
208
202
204
91
50
Tax %
7%
6%
9%
12%
−294%
25%
24%
24%
25%
26%
26%
28%
—
Net Profit
−35
10
43
20
2,017
175
97
201
246
166
98
31
−12
EPS (₹)
−31.52
8.79
38.5
121
1,817
158
87.3
182
222
150
88.94
28.05
−11
Div. Payout %
Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number.
203%
46%
15%
1%
11%
17%
8%
7%
10%
17%
32%
—

Balance Sheet

₹ Cr
PILANIINVS balance sheet, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
8
8
8
8
8
8
11
11
11
11
11
11
Reserves
1,190
1,172
1,211
5,875
5,100
5,103
9,838
11,091
11,158
14,596
15,969
15,860
Borrowings
2
2
2
0
245
420
810
1,066
736
949
1,937
2,391
Other Liabilities
27
29
3
14
22
115
391
542
511
893
1,400
1,318
Total Liabilities
1,226
1,211
1,224
5,897
5,375
5,646
11,050
12,711
12,416
16,449
19,317
19,581
Fixed Assets
3
3
3
5
5
5
4
4
4
4
4
4
CWIP
0
0
0
0
0
0
0
0
0
0
0
0
Investments
1,146
1,191
1,212
5,886
5,363
4,186
9,001
10,376
10,274
14,015
17,386
18,939
Other Assets
78
17
9
6
7
1,455
2,045
2,331
2,138
2,430
1,927
638
Total Assets
1,226
1,211
1,224
5,897
5,375
5,646
11,050
12,711
12,416
16,449
19,317
19,581

Cash Flow

₹ Cr
PILANIINVS cash flow, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
26
26
16
19
17
−1,388
−442
−100
417
−87
631
1,347
Investing
−5
−6
8
3
−214
1,283
121
−76
−8
−72
−1,629
−1,798
Financing
−23
−24
−24
−21
198
108
318
181
−412
196
972
438
Net Cash Flow
−2
−3
0
0
0
4
−3
4
−3
37
−26
−13
Free Cash Flow
26
26
16
19
17
−1,388
−442
−100
417
−87
631
1,347
CFO/EBITDA
112
123
60
73
121
−1,139
−204
−21
172
−12
235
547

Ratios

PILANIINVS financial ratios, annual
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
6
6
3
3
8
2
1
0
1
0
1
0
Cash Conversion Cycle
6
6
3
3
8
2
1
0
1
0
1
0
Working Capital Days
424
−351
−20
−48
−294
36
−18
−15
−15
−13
−22
−5
ROCE %
2%
2%
3%
1%
0%
2%
2%
2%
2%
2%
2%
1%

Insights

Beta

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

Log in to view Pilani Investment & Industries insights

59 extracted metrics across FY11–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 58.68%
  • Others 28.18%
  • Public 11.31%
  • DIIs 1.42%
  • FIIs 0.41%

No promoter shares pledged as of 14 Oct 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

Frequently Asked Questions about Pilani Investment & Industries Corporation

What does Pilani Investment & Industries Corporation Ltd do?
Pilani Investment and Industries Corporation Limited is registered as a non-deposit-taking NBFC with the Reserve Bank of India. It functions as a core investment company with main activity being investment in shares and securities of the Birla group companies and providing finance to them.
Where is Pilani Investment & Industries Corporation Ltd (PILANIINVS) listed?
Pilani Investment & Industries Corporation Ltd trades as PILANIINVS on the NSE and under code 539883 on the BSE.
Which sector does Pilani Investment & Industries Corporation Ltd belong to?
Pilani Investment & Industries Corporation Ltd is classified under the Financial Services sector, in the Holding Company industry.
What is the 52-week high and low of Pilani Investment & Industries Corporation Ltd?
Over the last 52 weeks Pilani Investment & Industries Corporation Ltd has traded between ₹3,672.1 and ₹5,450 as of 4 Nov 2026.
Does Pilani Investment & Industries Corporation Ltd pay dividends?
Pilani Investment & Industries Corporation Ltd has a dividend yield of 0.23%.
What is the Return on Equity (ROE) of Pilani Investment & Industries Corporation Ltd?
Pilani Investment & Industries Corporation Ltd reported a return on equity of 0.20%. Its debt-to-equity ratio is 0.15.

Company Information

Pilani Investment and Industries Corporation Limited is registered as a non-deposit-taking NBFC with the Reserve Bank of India. It functions as a core investment company with main activity being investment in shares and securities of the Birla group companies and providing finance to them.

Website pilaniinvestment.com
CEO Mr. Rajendra Prasad Pansari
Employees 14
Listed 8 Dec 2015
Face Value ₹10

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