Piramal Enterprises (Delisted) share price
BSE: 500302Finance
Piramal Enterprises Limited · Formerly Piramal Healthcare · Face value ₹2 Face value. The nominal value of one share as the company issued it, the unit its share capital is counted in and a dividend can be stated as a percentage of; it has no link to the share price. Face value in the glossary · Listed Apr 1980
Last traded ₹1,124.20 on 22 Sep 2025
Delisted on 16 Jan 2026.
Last announcements
The company's own last announcements before its shares stopped trading, routine notices left out.
Sep 2025
20 Sep · Business
20 Sep · Business
19 Sep · Suspension of Trading
Members of the Exchange are hereby informed that the trading in Non-Convertible Debentures (ISIN: INE140A07740; INE140A07757; INE140A07765; INE140A07773; INE140A07799, INE140A07807; INE140A07823; INE140A07849; INE140A07815; and INE140A07831) of Piramal Enterprises Limited shall be suspended w.e.f. September 23, 2025 (i.e., closing hours of trading on September 22, 2025) on account of Scheme of Amalgamation.19 Sep · Suspension of Trading
Members of the Exchange are hereby informed that the trading in equity shares of Piramal Enterprises Limited shall be suspended w.e.f. September 23, 2025 (i.e., closing hours of trading on September 22, 2025) on account of the Scheme of Amalgamation.
Q1 results, quarter to Jun 2025
Consolidated: the company and its subsidiaries together. ₹ crore.
- Income from operationsIncome from operations. Income from operations is what the business earns: interest on loans, fees, dividends and the rest.
- ₹2,643 Cr−7.4% on the quarter beforeChange on a year ago and on the quarter before. The change against the same quarter a year before: (this quarter's figure less that quarter's) divided by that quarter's, times 100. The change on the quarter before is the same sum against the quarter just before, taken as this quarter's results restate it where the company restated it: this quarter's year to date less this quarter. Left out where either figure is a loss, where the restatement covers two or more earlier quarters without saying which, or across a change of basis named under the table, on the lines it affects.
- Net profitNet profit. What is left of revenue and other income after every cost, interest and tax. Net profit in the glossary
- ₹276 Cr+52.3% on a year ago · +169.8% on the quarter before
- Earnings per shareEarnings per share. Profit belonging to shareholders divided by the number of shares, restated for later splits and bonuses so they do not break the line.
- ₹12.22+51.2% on a year ago · +169.2% on the quarter beforeChange on a year ago and on the quarter before. The change against the same quarter a year before: (this quarter's figure less that quarter's) divided by that quarter's, times 100. The change on the quarter before is the same sum against the quarter just before, taken as this quarter's results restate it where the company restated it: this quarter's year to date less this quarter. Left out where either figure is a loss, on the quarter before wherever the profit of that quarter was restated, and across a change of basis named under the table, on the lines it affects.
- Net interest income
- ₹902 Cr
- Profit before provisions
- −₹4.16 Cr
From interest earned to net profit, ₹ crore
- Interest earned2,393
- Interest paid−1,492
- Net interest income902
- Other income+300
- Operating expenses−1,206
- Before provisions−4.2
- Set aside for bad loans+227
- Profit before tax223
- Tax−25
- Net profit276
Piramal Enterprises results by quarter
Consolidated: the company and its subsidiaries together. Latest quarter to Jun 2025. Results for the quarter to Sep 2025 were due by 14 Nov 2025, 45 days after it ends. Every company's dates are on the results calendar.
Income from operations and net profit by quarter, ₹ crore
- Income from operations
- Net profit
- Loss
Net interest income and money set aside for bad loans by quarter, ₹ crore
- Net interest income
- Set aside for bad loans
- Loss
| ₹ crore | Sep 2020 | Dec 2020Q3 | Mar 2021 | Jun 2021Q1 | Sep 2021 | Dec 2021Q3 | Mar 2022 | Jun 2022Q1 | Sep 2022 | Dec 2022Q3 | Mar 2023 | Jun 2023Q1 | Sep 2023 | Dec 2023Q3 | Mar 2024 | Jun 2024Q1 | Sep 2024 | Dec 2024Q3 | Mar 2025Q4 | Jun 2025Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income from operations | 3,302 | 3,169 | 3,402 | 2,909 | 3,106 | 3,816 | 4,163 | 3,548 | 1,894 | 3,232 | 2,132 | 2,878 | 2,193 | 2,476 | 2,473 | 2,123 | 2,288 | 2,449 | 2,854 | 2,643 |
| Interest earned | – | – | – | – | – | – | – | – | 1,844 | 2,006 | 1,921 | 1,704 | 1,778 | 1,931 | 1,901 | 1,929 | 2,080 | 2,189 | 2,264 | 2,393 |
| Interest paid | – | – | – | – | – | – | – | – | 1,000 | 959 | 991 | 1,035 | 1,039 | 1,103 | 1,167 | 1,196 | 1,305 | 1,364 | 1,417 | 1,492 |
| Net interest income | – | – | – | – | – | – | – | – | 843 | 1,047 | 930 | 669 | 739 | 828 | 734 | 732 | 775 | 825 | 847 | 902 |
| – | – | – | – | – | – | – | – | 113 | 1,281 | 222 | 1,195 | 427 | 616 | 627 | 217 | 295 | 313 | 769 | 300 | |
| Fees and commission | – | – | – | – | – | – | – | – | 47 | 84 | 96 | 90 | 125 | 155 | 190 | 106 | 102 | 108 | 124 | 114 |
| Gains on fair value changes | – | – | – | – | – | – | – | – | 0 | 1,138 | 0 | 889 | 79 | 341 | −575 | 0 | 0 | 0 | 0 | 3 |
| Dividends | – | – | – | – | – | – | – | – | 0 | 0 | 92 | 76 | 13 | 9 | 49 | 0 | 32 | 12 | 13 | 15 |
| Rent | – | – | – | – | – | – | – | – | 0 | 2 | 20 | 20 | 11 | 17 | 30 | 31 | 35 | 30 | 33 | 32 |
| Sale of services | – | – | – | – | – | – | – | – | 3 | 1 | 3 | 2 | 2 | 0 | 0 | 3 | 0 | 2 | 10 | 3 |
| Other operating revenue | – | – | – | – | – | – | – | – | – | – | 0 | 95 | 184 | 23 | 878 | 54 | 38 | 108 | 410 | 82 |
| Income outside operations | – | – | – | – | – | – | – | – | 63 | 55 | 11 | 21 | 12 | 71 | 55 | 23 | 87 | 54 | 179 | 51 |
| The lines under it are parts of it, not all of it. | – | – | – | – | – | – | – | – | 2,454 | 1,382 | 3,860 | 2,376 | 1,358 | 1,165 | 3,015 | 1,301 | 924 | 1,502 | 2,676 | 1,206 |
| Profit before provisions | – | – | – | – | – | – | – | – | −1,498 | 946 | −2,708 | −512 | −192 | 279 | −1,654 | −351 | 146 | −364 | −1,060 | −4 |
| Set aside for bad loans | – | – | – | – | – | – | – | – | 1,357 | 887 | −2,501 | −1,173 | −245 | 147 | 537 | −488 | 67 | −74 | −1,085 | −227 |
| Exceptional items | – | – | – | – | – | – | – | – | 452 | 0 | 0 | 0 | −64 | −3,540 | 1,518 | 104 | 77 | 376 | 0 | 0 |
| Profit before tax | 782 | 853 | 861 | 504 | 413 | 954 | −14 | 474 | −2,402 | 59 | −207 | 661 | −12 | −3,408 | −673 | 240 | 156 | 86 | 26 | 223 |
| 204 | 201 | 1,477 | 135 | 103 | 249 | 24 | 158 | −694 | −3,432 | 2 | 173 | 11 | −958 | −821 | 66 | 27 | 52 | 14 | 25 | |
| Share of profit of associates | 50 | 147 | 106 | 165 | 117 | 183 | 188 | 169 | 172 | 54 | 13 | 21 | 71 | 73 | −11 | 8 | 34 | 5 | 90 | 78 |
| The lines under it are parts of it, not all of it. | 628 | 799 | −510 | 534 | 426 | 888 | 151 | 486 | −1,536 | 3,545 | −196 | 509 | 48 | −2,378 | 137 | 181 | 163 | 39 | 102 | 276 |
| Other comprehensive income | 144 | 110 | 182 | 325 | 83 | −142 | −193 | −138 | 56 | 233 | 2 | 10 | −40 | 22 | 85 | 94 | 106 | −70 | 47 | 33 |
| Total comprehensive income | 773 | 909 | −329 | 859 | 509 | 746 | −42 | 348 | −1,481 | 3,779 | −193 | 519 | 8 | −2,355 | 222 | 276 | 269 | −31 | 150 | 310 |
| Earnings per share | ₹26.50 | ₹32.88 | −₹24.09 | ₹22.74 | ₹17.56 | ₹35.83 | ₹4.59 | ₹20.79 | −₹64.37 | ₹148.55 | −₹8.21 | – | ₹2.03 | −₹105.83 | ₹6.10 | ₹8.08 | ₹7.23 | ₹1.71 | ₹4.54 | ₹12.22 |
| Diluted earnings per share | ₹26.26 | ₹32.59 | −₹24.09 | ₹22.54 | ₹17.52 | ₹35.74 | ₹4.58 | ₹20.79 | −₹64.37 | ₹148.54 | −₹8.21 | – | ₹2.02 | −₹105.83 | ₹6.05 | ₹8.01 | ₹7.15 | ₹1.69 | ₹4.50 | ₹12.13 |
Earnings per share in rupees, restated for later splits and bonuses. A lender's lines are blank for the quarters to Sep 2020, Dec 2020, Mar 2021, Jun 2021, Sep 2021, Dec 2021, Mar 2022 and Jun 2022: the company's filing for those results has none of them.
The quarters either side of a change of basis do not compare. From the quarter to Mar 2023, the company's revenue for the year to Mar 2023, ₹8,934 Cr, differs from its quarters added, ₹10,805 Cr. From the quarter to Mar 2025, the company's revenue for the year to Mar 2025, ₹10,270 Cr, differs from its quarters added, ₹9,713 Cr.
The quarter to Jun 2023 was restated in the company's filing of 13 Nov 2023. The table shows the restated figures.
10 years at a glance
Consolidated, laid out as a lender that is not a bank files them. A lender's lines are blank for the years to Mar 2016, Mar 2017, Mar 2018, Mar 2019, Mar 2020, Mar 2021 and Mar 2022: the company's filing for those results has none of them.
Net interest income, Net profit, ₹ crore
- Net interest income
- Net profit
- Loss
Net interest margin, Return on assets, per cent
- Net interest marginNet interest margin. Net interest income ÷ the average assets that earn interest × 100 × 12 ÷ the months in the period, a rate per year; given only where the balance sheets at the start and at the end of the period are both held; not given for an insurer. Net interest margin in the glossary
- Return on assetsReturn on assets. Profit after tax ÷ average total assets × 100 × 12 ÷ the months in the period, a rate per year; given only where the balance sheets at the start and at the end of the period are both held; not given for an insurer. It equals net interest income + other income − operating expenses − provisions + exceptional items − tax + the lines below tax, each on the same base. Return on assets in the glossary
Income
₹ crore, years to March.
| ₹ crore | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Total incomeTotal income. Everything earned in the period, the total the statement states: for a bank, its interest earned and other income, with any other income line its statement totals; for a finance company, revenue from operations + other income; for a general insurer, premium earned + income from the policyholders' investments + other income; for a life insurer, premiums + the income and gains on the policyholders' investments. Total income in the glossary | – | – | – | – | – | – | – | 9,087 | 10,178 | 10,612 |
| Interest earned | – | – | – | – | – | – | – | 7,799 | 7,314 | 8,461 |
| Interest paid | – | – | – | – | – | – | – | 3,994 | 4,344 | 5,282 |
| Net interest incomeNet interest income. Interest earned − interest paid; for a finance company, interest earned − finance costs. Net interest income in the glossary | – | – | – | – | – | – | – | 3,804 | 2,970 | 3,179 |
| Other income. Income besides interest, for the period: for a bank, its other income as stated, such as fees, commissions and gains on investments; for a finance company, total income − interest earned, or where total income is not stated, fees and commission + gains on fair value changes + other income. Other income in the glossary | – | – | – | – | – | – | – | 1,288 | 2,864 | 2,150 |
| Fees and commissionFees and commission. Fees and commissions the finance company charged its customers in the period; given only where interest earned and the other revenue lines add to the revenue from operations stated. Fees and commission in the glossary | – | – | – | – | – | – | – | 292 | 560 | 440 |
| Gains on fair value changesGains on fair value changes. Gains on investments and other holdings counted at their market value, for the period; given only where interest earned and the other revenue lines add to the revenue from operations stated. Gains on fair value changes in the glossary | – | – | – | – | – | – | – | 0 | 734 | 0 |
| DividendsDividends received. Dividends received on the shares the finance company holds, for the period; given only where interest earned and the other revenue lines add to the revenue from operations stated. Dividends received in the glossary | – | – | – | – | – | – | – | 92 | 148 | 58 |
| RentRent received. Rent earned on property the finance company lets out, for the period; given only where interest earned and the other revenue lines add to the revenue from operations stated. Rent received in the glossary | – | – | – | – | – | – | – | 23 | 79 | 129 |
| Sale of servicesSale of services. Revenue from services the finance company provided, outside its lending, for the period; given only where interest earned and the other revenue lines add to the revenue from operations stated. Sale of services in the glossary | – | – | – | – | – | – | – | 12 | 5 | 15 |
| Other operating revenueOther operating revenue. Revenue from operations besides interest, fees, gains, dividends, rent and sales, for the period; given only where interest earned and the other revenue lines add to the revenue from operations stated. Other operating revenue in the glossary | – | – | – | – | – | – | – | 717 | 1,181 | 1,167 |
| Income outside operationsIncome outside operations. The finance company's income outside its revenue from operations, for the period, as its statement gives it. Income outside operations in the glossary | – | – | – | – | – | – | – | 152 | 158 | 342 |
| The lines under it are parts of it, not all of it. | – | – | – | – | – | – | – | 7,713 | 7,913 | 6,403 |
| Profit before provisionsProfit before provisions. Profit before anything is set aside for loans that may not be repaid: for a bank, total income − its expenses other than provisions, as stated, which are interest paid and operating expenses; for a finance company, total income − finance costs − operating expenses. Profit before provisions in the glossary | – | – | – | – | – | – | – | −2,620 | −2,079 | −1,073 |
| Set aside for bad loansProvisions for bad loans. What was set aside in the period for loans that may not be repaid: for a bank, its provisions other than for tax, which also cover its investments and loans still being repaid; for a finance company, the impairment of its loans and other financial assets. Provisions for bad loans in the glossary | – | – | – | – | – | – | – | −156 | −733 | −1,581 |
| Exceptional itemsExceptional items. One-off gains or losses the company states separately, for the period; on a bank's group accounts, not given where the line is the outside owners' share of its subsidiaries' profit. Exceptional items in the glossary | – | – | – | – | – | – | – | 8,066 | −2,087 | 0 |
| Profit before tax | 894 | 1,310 | 1,964 | 2,012 | 918 | 3,117 | 1,857 | 5,602 | −3,432 | 508 |
| 103 | 228 | −2,876 | 861 | 1,960 | 2,043 | 511 | −3,978 | −1,595 | 159 | |
| Share of profit of associatesShare of profit of joint ventures and associates. The group's share of the profit of companies it part-owns, its joint ventures and associates, as stated; it is part of the profit that belongs to the shareholders and is not in revenue, operating profit or borrowings. Not given where the filing states 0 for it while the company's other filings for the same year show it was not 0. Share of profit of joint ventures and associates in the glossary | 159 | 170 | – | 319 | 490 | 338 | 653 | 389 | 154 | 137 |
| The lines under it are parts of it, not all of it. | 951 | 1,252 | 5,120 | 1,470 | 21 | 1,413 | 1,999 | 9,969 | −1,684 | 485 |
| Other comprehensive incomeOther comprehensive income. Gains and losses after tax that bypass profit, such as the change in value of some investments and of pension obligations. Other comprehensive income in the glossary | – | – | – | −357 | −953 | 387 | 73 | 131 | 77 | 178 |
| Total comprehensive incomeTotal comprehensive income. Profit + other comprehensive income, given where the two come to it. Total comprehensive income in the glossary | – | – | – | 1,113 | −932 | 1,800 | 2,072 | 10,100 | −1,607 | 663 |
| Earnings per shareEarnings per share. The earnings per share stated for the period ÷ the split factor, so a figure from before a split sits on the same share as today's; a figure the company filed after a split or bonus is already on the new share count and is divided by the splits after its filing day only. Earnings per share in the glossary | – | ₹72.57 | ₹281.76 | ₹74.16 | ₹1.14 | ₹56.19 | ₹80.70 | ₹417.68 | −₹72.82 | ₹21.55 |
| Diluted earnings per shareDiluted earnings per share. That diluted earnings per share on today's share count, restated by the same splits and bonuses as the basic figure. Diluted earnings per share in the glossary | – | ₹72.57 | ₹281.68 | ₹73.86 | ₹1.14 | ₹55.68 | ₹80.40 | ₹416.30 | −₹72.82 | ₹21.33 |
Balance sheet
₹ crore, at 31 March.
| ₹ crore | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|
| Total assetsTotal assets. Everything the company owns, at the period end; for an insurer, whose balance sheet shows its assets net of what it owes in the short term, that net figure + its current liabilities and provisions − any debit balance in its profit and loss account and expenditure not yet written off, and not given where only the net figure is stated. Total assets in the glossary | – | – | – | – | 83,752 | 82,605 | 94,943 |
| Loans given | – | – | – | – | 46,395 | 54,943 | 65,791 |
| Investments | – | – | – | – | 22,332 | 12,513 | 12,539 |
| DepositsDeposits. Money customers have placed with the company on deposit, at the period end. Deposits in the glossary | – | – | – | – | 72 | 25 | 88 |
| Borrowings. Money borrowed, at the period end, deposits left out: for a bank and an insurer, its borrowings as stated; for a finance company, bonds and debentures + loans taken + subordinated debt. Borrowings in the glossary | – | – | – | – | 49,511 | 53,586 | 65,488 |
| Bonds and debenturesBonds and debentures. Money the finance company borrowed by issuing bonds, debentures and commercial paper, at the period end. Bonds and debentures in the glossary | – | – | – | – | 29,846 | 32,419 | 35,822 |
| Subordinated debtSubordinated debt. The finance company's borrowings repaid only after its other lenders if it fails, at the period end. Subordinated debt in the glossary | – | – | – | – | 127 | 127 | 128 |
| LoansLoans. Money the finance company borrowed from banks and other lenders, besides bonds, subordinated debt and deposits, at the period end. Loans in the glossary | – | – | – | – | 19,538 | 21,040 | 29,539 |
| Net worth. Net worth at the period end, the whole group's on group accounts: for a bank, share capital + reserves and surplus; for a finance company, total equity as stated; for a general insurer, share capital + reserves; for a life insurer, shareholders' funds as stated, or share capital + reserves + the fair value change account where they are not. An insurer's is less any debit balance in its profit and loss account and expenditure not yet written off. Not given where the balance sheet states the share capital, the reserves or the net worth as 0. Net worth in the glossary | – | – | – | – | 31,059 | 26,557 | 27,096 |
Margins and returns
Per cent a year, on the average of the opening and closing balance sheets.
| Figure | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|
| Net interest margin | – | 4.36% | 4.36% |
| Yield on interest-earning assetsYield on interest-earning assets. Interest earned ÷ the average assets that earn interest × 100 × 12 ÷ the months in the period, a rate per year; given only where the balance sheets at the start and at the end of the period are both held; not given for an insurer. Yield on interest-earning assets in the glossary | – | 10.74% | 11.61% |
| Cost of fundsCost of funds. Interest paid ÷ the average of what the company pays interest on × 100 × 12 ÷ the months in the period, a rate per year; given only where the balance sheets at the start and at the end of the period are both held; not given for an insurer. Cost of funds in the glossary | – | 8.42% | 8.86% |
| SpreadSpread. Yield on the assets that earn interest − cost of funds; not given for an insurer. Spread in the glossary | – | 2.32% | 2.74% |
| Cost to incomeCost to income. Operating expenses ÷ (net interest income + other income) × 100. Cost to income in the glossary | 151.45% | 135.63% | 120.13% |
| Credit costCredit cost. What was set aside for loans that may not be repaid ÷ average loans given × 100 × 12 ÷ the months in the period, a rate per year; given only where the balance sheets at the start and at the end of the period are both held; not given for an insurer. Credit cost in the glossary | – | −1.45% | −2.62% |
| Return on assets | – | −2.02% | 0.55% |
| Assets per rupee of net worthAssets per rupee of net worth. Average total assets ÷ average net worth: rupees of assets for each rupee of net worth; given only where the balance sheets at the start and at the end of the period are both held; not given for an insurer. Assets per rupee of net worth in the glossary | – | 2.89 | 3.31 |
| Return on equityReturn on equity. Return on assets × average total assets ÷ average net worth: profit after tax as a percentage of average net worth, a rate per year; not given for an insurer. Return on equity: how it is worked out | – | −5.84% | 1.81% |
Where the return on assets comes from
Per cent of average total assets, a year. Each line adds to the one below it. The year to Mar 2023, the first with a balance sheet on this form, has none a year before it to average with, so its ratios are blank.
| Per cent | Mar 2024 | Mar 2025 |
|---|---|---|
| Net interest income | 3.57% | 3.58% |
| Other income | 3.44% | 2.42% |
| Operating expenses | 9.51% | 7.21% |
| Profit before provisions | −2.50% | −1.21% |
| Set aside for bad loans | −0.88% | −1.78% |
| Exceptional items | −2.51% | 0.00% |
| Profit before tax | −4.13% | 0.57% |
| Tax | −1.92% | 0.18% |
| Associates and businesses sold or closedAssociates and businesses sold or closed. What sits between the tax line and the profit after tax, the group's share of its associates' profit and the result of businesses sold or closing: (profit after tax − (profit before tax − tax)) ÷ average total assets × 100 × 12 ÷ the months in the period, a rate per year; given only where the balance sheets at the start and at the end of the period are both held; not given for an insurer. Associates and businesses sold or closed in the glossary | 0.18% | 0.15% |
| Return on assets | −2.02% | 0.55% |
Cash flow
Consolidated, ₹ crore, years to March.
| ₹ crore | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|
| Cash from operations. Cash the business brought in from its operations in the period, after paying suppliers, staff and tax. Cash from operations in the glossary | 3,665 | 9,916 | 1,359 | 26 | −8,091 |
| Cash generated before tax. Cash from operations before income tax paid: profit before tax, with non-cash items added back and the change in working capital. Cash generated before tax in the glossary | 4,424 | 10,795 | – | – | – |
| Change in working capital. Cash taken up, below nought, or released by the change in stock, money owed by customers, money owed to suppliers and other short-term items over the year. Change in working capital in the glossary | 707 | 5,954 | – | – | – |
| ReceivablesChange in receivables. Cash taken up, below nought, or released by the change in what customers owe. Change in receivables in the glossary | −239 | −56 | – | – | – |
| InventoriesChange in inventories. Cash taken up, below nought, or released by the change in stock held. Change in inventories in the glossary | −231 | −253 | – | – | – |
| PayablesChange in payables. Cash kept, above nought, or paid out by the change in what the company owes suppliers. Change in payables in the glossary | 184 | 144 | – | – | – |
| Other working capitalOther working capital. The working-capital change from every other short-term item: advances, provisions, other assets and liabilities. Other working capital in the glossary | 993 | 6,119 | – | – | – |
| Tax paidTax paid. Income tax paid in cash during the year, net of refunds. Tax paid in the glossary | −760 | −879 | – | – | – |
| Capital spendingCapital spending. Cash spent in the period on plant, equipment, buildings and other long-lived assets. Capital spending in the glossary | 595 | 958 | 203 | 1,270 | 274 |
| Free cash flowFree cash flow. Cash from operations less capital spending: what is left to repay borrowings, pay dividends or keep. Free cash flow in the glossary | 3,069 | 8,958 | 1,157 | −1,243 | −8,365 |
| Cash from investing. Cash spent on, below nought, or received from plant, investments, businesses bought or sold, and interest and dividends received. Cash from investing in the glossary | −2,762 | −2,226 | −351 | −1,872 | −1,854 |
| Cash from financing. Cash raised from, or paid to, lenders and shareholders: borrowings taken and repaid, interest, lease payments, dividends and shares issued or bought back. Cash from financing in the glossary | 2,072 | −6,988 | −3,563 | 1,390 | 11,664 |
| Dividends paidDividends paid. Cash paid to shareholders as dividends during the period. Dividends paid in the glossary | 316 | 798 | 788 | 740 | 225 |
| Shares bought backShares bought back. Cash spent buying the company's own shares back from shareholders. Shares bought back in the glossary | 0 | 0 | 0 | 2,168 | 0 |
| Shares issuedShares issued. Cash raised by selling new shares. Shares issued in the glossary | 0 | 200 | 0 | 0 | 0 |
| Net change in cashNet change in cash. Cash from operations, investing and financing added together: how much cash and cash equivalents rose or fell over the year, before currency effects. Net change in cash in the glossary | 2,974 | 702 | −2,555 | −455 | 1,718 |
Capital spending is part of cash from investing, and dividends paid, shares bought back and shares issued are part of cash from financing. Each is shown as an amount on a line of its own, and the section's other items are in its total only. No cash flow statement is on record for the years to Mar 2016, Mar 2017, Mar 2018, Mar 2019 and Mar 2020.
Growth and returns over 3, 5 and 10 years
Consolidated: the company and its subsidiaries together. Each window ends with the year to Mar 2025.
| Measure | 10 years | 5 years | 3 years |
|---|---|---|---|
| Return on equity, averageReturn on equity, average. 3 years: The plain average of the yearly return on equity over the last three years, needing at least two of them; a year without the figure is left out, never filled in. 5 years: The plain average of the yearly return on equity over the last five years, needing at least four of them; a year without the figure is left out, never filled in. 10 years: The plain average of the yearly return on equity over the last ten years, needing at least nine of them; a year without the figure is left out, never filled in. | – | 7.1% | 8.6% |
| Net margin, averageNet margin, average. 3 years: The plain average of the yearly net profit margin over the last three years, needing at least two of them; a year without the figure is left out, never filled in. 5 years: The plain average of the yearly net profit margin over the last five years, needing at least four of them; a year without the figure is left out, never filled in. 10 years: The plain average of the yearly net profit margin over the last ten years, needing at least nine of them; a year without the figure is left out, never filled in. | 23.7% | 25.0% | 33.2% |
| Asset turnover, averageAsset turnover, average. 3 years: The plain average of the yearly asset turnover over the last three years, needing at least two of them; a year without the figure is left out, never filled in. 5 years: The plain average of the yearly asset turnover over the last five years, needing at least four of them; a year without the figure is left out, never filled in. 10 years: The plain average of the yearly asset turnover over the last ten years, needing at least nine of them; a year without the figure is left out, never filled in. | – | 0.13 | 0.11 |
Where the cash came from and went
Consolidated: the company and its subsidiaries together. ₹ crore, added up over each window, which ends with the year to Mar 2025.
| ₹ crore | 5 years | 3 years | Latest year |
|---|---|---|---|
| Cash from operationsCash from operations. Latest year: Cash from operating activities in the latest year. 3 years: Cash from operating activities added over the last three years, needing every one of them. 5 years: Cash from operating activities added over the last five years, needing every one of them. | 6,876 | −6,705 | −8,091 |
| Cash from investingCash from investing. Latest year: Cash from investing activities in the latest year. 3 years: Cash from investing activities added over the last three years, needing every one of them. 5 years: Cash from investing activities added over the last five years, needing every one of them. | −9,065 | −4,077 | −1,854 |
| Cash from financingCash from financing. Latest year: Cash from financing activities in the latest year. 3 years: Cash from financing activities added over the last three years, needing every one of them. 5 years: Cash from financing activities added over the last five years, needing every one of them. | 4,574 | 9,490 | 11,664 |
| Capital spendingCapital spending. Latest year: Spending on property, plant and equipment in the latest year. 3 years: Spending on property, plant and equipment added over the last three years, needing every one of them. 5 years: Spending on property, plant and equipment added over the last five years, needing every one of them. | 3,300 | 1,746 | 274 |
| Dividends paidDividends paid. Latest year: Dividends paid in the latest year. 3 years: Dividends paid added over the last three years, needing every one of them. 5 years: Dividends paid added over the last five years, needing every one of them. | 2,866 | 1,753 | 225 |
| Shares bought backShares bought back. Latest year: Shares bought back in the latest year. 3 years: Shares bought back added over the last three years, needing every one of them. 5 years: Shares bought back added over the last five years, needing every one of them. | 2,168 | 2,168 | 0 |
| Shares issued for cashShares issued for cash. Latest year: Shares issued for cash in the latest year. 3 years: Shares issued for cash added over the last three years, needing every one of them. 5 years: Shares issued for cash added over the last five years, needing every one of them. | 200 | 0 | 0 |
Business segments
In the year to Mar 2025 the company reports one business segment, Finance Activity, which carries all its revenue.
Where the return came from
Yearly rates to Mar 2025, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | +16.3% | – | – | 0.0% |
| 3 years | −23.3% | −35.6% | +19.2% | 0.0% |
| 5 years | +1.0% | +82.4% | −44.6% | 0.0% |
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Earnings growth and the change in P/E are left empty where earnings per share at either end of the window was a loss or is not on record. Earnings growth over 1 and 5 years is on profit divided by shares in issue at both ends: the earnings per share stated for one end does not match that year's profit and share count. Earnings growth over 5 years includes one-off items (exceptional items and the result of businesses sold or closed) of more than a tenth of the profit of the year to Mar 2020.
Who owns Piramal Enterprises, filing by filing
Per cent of the company's shares. Every filing on record, from Sep 2021; the latest is the filing for Jun 2025.
Jun 2025 filing
- Promoters46.16%
- Foreign institutions15.23%
- Indian institutions15.19%
- GovernmentsNone
- Individuals and others22.78%
- Employee trusts0.64%
Shareholding pattern, per cent, from Sep 2022
- Promoters
- Foreign institutions
- Indian institutions
- Governments
- Individuals and others
- Employee trusts
| Per cent | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 43.51% | 43.49% | 43.49% | 43.49% | 43.48% | 43.48% | 43.48% | 43.48% | 46.19% | 46.19% | 46.19% | 46.03% | 46.30% | 46.30% | 46.41% | 46.16% | |
| Indian promoters | 43.51% | 43.49% | 43.49% | 43.49% | 43.48% | 43.48% | 43.48% | 43.48% | 46.19% | 46.19% | 46.19% | 46.03% | 46.30% | 46.30% | 46.41% | 46.16% |
| Public. Every shareholder outside the promoter group, the employee trusts and the shares held against depositary receipts, as the filing totals them. Public in the glossary | 55.98% | 56.03% | 56.12% | 56.15% | 56.01% | 56.02% | 56.03% | 56.03% | 53.31% | 53.31% | 53.31% | 53.48% | 53.29% | 53.33% | 53.25% | 53.20% |
| Employee trusts | 0.52% | 0.47% | 0.39% | 0.36% | 0.50% | 0.49% | 0.49% | 0.49% | 0.50% | 0.50% | 0.49% | 0.50% | 0.41% | 0.37% | 0.35% | 0.64% |
| Shares in issue | 23,86,63,700 | 23,86,63,700 | 23,86,63,700 | 23,86,63,700 | 23,86,63,700 | 23,86,63,700 | 23,86,63,700 | 23,86,63,700 | 22,46,63,700 | 22,46,63,700 | 22,46,63,700 | 22,54,77,700 | 22,54,77,700 | 22,54,77,700 | 22,54,77,700 | 22,66,77,700 |
Filings before Sep 2022 are on an older form, which did not split institutions into foreign and Indian and grouped some holders differently, so those columns show only the lines both forms state alike. A dash is a line the filing did not state. “Under 0.01%” is a holding of shares too small to show at two decimals.
Piramal Enterprises promoters
Promoters are the founders, families and companies that control the company, as its filings name them. Every member of the promoter group holding shares in the filing for Jun 2025; the largest is Anutham Realty Private Limited, 24.78%. The filing names 53 more members with no shares.
| Holder | ||
|---|---|---|
| Anutham Realty Private LimitedIndian companies, trusts and others | 24.78% | 5,61,65,925 |
| The Sri Krishna Trust (through its Trustee Mr. Ajay G Piramal and Dr. (Mrs.) Swati Piramal)Indian companies, trusts and others | 10.02% | 2,27,11,655 |
| V3 Designs LLPIndian companies, trusts and others | 4.28% | 97,01,000 |
| PRL Realtors LLPIndian companies, trusts and others | 3.96% | 89,73,913 |
| Semplice Corporate Solutions Private Limited (Formerly known as AASAN Corporate Solutions Pvt. Ltd)Indian companies, trusts and others | 1.27% | 28,70,490 |
| Piramal Welfare TrustIndian companies, trusts and others | 1.05% | 23,84,148 |
| The Ajay G. Piramal Foundation (through its Trustee Mr. Ajay G Piramal and Dr. (Mrs.) Swati Piramal)Indian companies, trusts and others | 0.44% | 9,86,731 |
| Mr. Anand PiramalIndividuals and Hindu undivided families | 0.09% | 1,97,097 |
| Anand Piramal Trust (through its Trustee Mr. Ajay G Piramal, Dr. (Mrs.) Swati Piramal and Mr. Anand Piramal)Indian companies, trusts and others | 0.06% | 1,39,327 |
| Nandini Piramal Trust (through its Trustee Mr. Ajay G Piramal, Dr. (Mrs.) Swati Piramal and Ms. Nandini Piramal)Indian companies, trusts and others | 0.05% | 1,22,740 |
| Mr. Peter DeYoungIndividuals and Hindu undivided families | 0.05% | 1,08,000 |
| Mr. Ajay G. PiramalIndividuals and Hindu undivided families | 0.05% | 1,23,451 |
No promoter shares are reported as pledged.
Largest public holders of Piramal Enterprises, filing by filing
Per cent, on the same shares as the split above.
| Holder | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Life Insurance Corporation of IndiaInsurance companies | 5.87% | 5.57% | 4.99% | 4.85% | 4.85% | 4.85% | 4.85% | 4.85% | 4.65% | 4.65% | 4.61% | 4.49% | 4.49% | 4.49% | 4.49% | 4.47% |
| Government Pension Fund GlobalForeign portfolio investors, category I | – | – | – | – | – | – | – | – | – | – | – | – | – | 2.47% | 2.81% | 3.20% |
| East Bridge Capital Master Fund I LtdForeign portfolio investors, category I | 2.71% | 2.71% | 2.71% | 2.71% | 2.71% | 2.71% | 2.71% | 2.71% | 2.38% | 2.38% | 3.68% | 4.04% | 4.04% | 4.03% | 4.03% | 2.41% |
| Indiahold LimitedOther non-institutions | 1.81% | 1.81% | 1.81% | 1.81% | 1.81% | 1.81% | 1.81% | 1.81% | 1.93% | 1.93% | 1.93% | 1.92% | 1.92% | 1.92% | 1.92% | 1.91% |
| The Hongkong and Shanghai Banking Corp.Ltd.Other foreign institutions | – | – | – | – | – | – | – | – | – | – | – | – | 0.00% | 0.00% | – | – |
| East Bridge Capital Master Fund LimitedForeign portfolio investors, category I | 4.32% | 4.32% | 4.32% | 4.32% | 4.32% | 4.32% | 4.32% | 4.13% | 3.64% | 2.37% | 1.80% | 1.79% | 1.05% | – | – | – |
| College Retirement Equities Fund - Stock AccountForeign portfolio investors, category I | 1.04% | 1.04% | – | – | 1.32% | 1.28% | 1.56% | 2.01% | 1.95% | 1.20% | – | – | – | – | – | – |
| Bnp Paribas Financial Markets - OdiForeign portfolio investors, category I | – | – | – | – | – | – | – | – | – | 1.06% | – | – | – | – | – | – |
| Caisse De Depot Et Placement Du QuebecForeign portfolio investors, category I | 8.37% | 8.08% | 7.30% | 7.07% | 7.06% | 7.06% | 7.02% | 2.93% | – | – | – | – | – | – | – | – |
| New World Fund IncForeign portfolio investors, category I | – | – | – | – | – | 1.04% | 1.45% | 1.45% | – | – | – | – | – | – | – | – |
| Tiaa-Cref Funds - Tiaa-Cref Emerging Markets Equity FundForeign portfolio investors, category I | – | – | – | – | – | 1.01% | 1.01% | 1.01% | – | – | – | – | – | – | – | – |
| Smallcap World Fund, IncForeign portfolio investors, category I | – | – | – | – | – | 1.32% | 1.00% | 1.00% | – | – | – | – | – | – | – | – |
| City of New York Group TrustForeign portfolio investors, category I | – | – | – | 1.03% | 1.03% | 1.00% | – | – | – | – | – | – | – | – | – | – |
A filing names every holder above one per cent, in the company's own words: an insurer's holding can carry one of its funds' names. A dash is a filing that did not name the holder, which includes holding under one per cent.
Who moved in the Jun 2025 filing
Against the Mar 2025 filing. A filing names a public holder only at 1% or more, so a holder no longer named fell under 1% or sold out.
- Foreign institutions: East Bridge Capital Master Fund I Ltd 2.41%, −1.62 pts; Government Pension Fund Global 3.20%, +0.39 pts
- Indian institutions: Life Insurance Corporation of India 4.47%, −0.02 pts
- Individuals and others: Indiahold Limited 1.91%, −0.01 pts
Piramal Enterprises share price by year
Each calendar year to 2025.
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 1,124.20 | +1.8% | 1,339.30 | 872.40 |
| 2024 | 1,104.70 | +18.6% | 1,269.80 | 754.20 |
| 2023 | 931.40 | +12.4% | 1,127.20 | 634.65 |
| 2022 | 828.40 | −68.7% | 2,685.10 | 788.10 |
| 2021 | 2,643.90 | +85.1% | 2,922.45 | 1,311.45 |
| 2020 | 1,428.65 | −6.2% | 1,702.30 | 623.35 |
| 2019 | 1,523.55 | −36.0% | 2,763.25 | 1,365.00 |
| 2018 | 2,381.75 | −16.9% | 3,199.75 | 1,865.30 |
| 2017 | 2,867.25 | +76.5% | 3,054.10 | 1,578.00 |
| 2016 | 1,624.85 | +61.8% | 2,065.25 | 868.35 |
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before. The 2025 close is its last trade, on 22 Sep 2025.
Recent sessions
The 10 trading days to 22 Sep 2025, as traded on BSE.
| Date | Open | High | Low | Close | Average price | Volume |
|---|---|---|---|---|---|---|
| 22 Sep 2025 | 1,129.00 | 1,189.00 | 1,108.50 | 1,124.20 | 1,141.97 | 21,48,582 |
| 19 Sep 2025 | 1,178.20 | 1,179.20 | 1,115.00 | 1,122.20 | 1,138.62 | 6,76,533 |
| 18 Sep 2025 | 1,174.50 | 1,195.00 | 1,168.00 | 1,177.90 | 1,181.55 | 5,51,895 |
| 17 Sep 2025 | 1,145.00 | 1,186.00 | 1,141.50 | 1,166.90 | 1,169.57 | 7,12,786 |
| 16 Sep 2025 | 1,149.40 | 1,159.30 | 1,131.00 | 1,145.00 | 1,141.38 | 6,14,019 |
| 15 Sep 2025 | 1,096.00 | 1,149.00 | 1,088.00 | 1,141.00 | 1,126.45 | 11,87,006 |
| 12 Sep 2025 | 1,066.00 | 1,092.00 | 1,055.00 | 1,083.70 | 1,070.00 | 5,65,497 |
| 11 Sep 2025 | 1,074.30 | 1,084.50 | 1,058.00 | 1,061.20 | 1,067.69 | 2,63,454 |
| 10 Sep 2025 | 1,073.00 | 1,091.70 | 1,056.50 | 1,068.30 | 1,073.49 | 4,51,284 |
| 9 Sep 2025 | 1,082.90 | 1,090.80 | 1,066.40 | 1,072.20 | 1,075.16 | 3,03,173 |
Prices in ₹ per share as traded, not adjusted.
Price adjustments
What the price chart is corrected for, so it reads as one share held throughout.
| Ex-date | Event | Price factor | What happened |
|---|---|---|---|
| 30 Aug 2022 | Price move | – | Between two trading sessions the price moved by a fifth or more. The company made an announcement in time for trading that day or the trading day before. Not adjusted for. |
Each event is noted and not adjusted for.
Company details
- BSE code
- 500302
- ISIN
- INE140A01024
- Industry
- Finance
- Former symbols
- PEL, PIRHEALTH, NICOLASPIR
- Website
- www.piramalenterprises.com
- CIN
- L24110MH1947PLC005719
- Corporate identity number, the registrar of companies' code for it
- Incorporated
- 1947
- Registered office
- Piramal Ananta, Agastya Corporate Park, Opposite Fire Brigade, Kamani Junction, LBS Marg, Kurla (W), Mumbai 400070, Maharashtra
- Share registrar
- MUFG Intime India Pvt. Ltd
- Keeps the register of shareholders and handles transfers and dividend payments