Piramal Enterprises Limited

NSE: PEL · Consumer NBFC

52W Range₹1,055 ₹1,355

Snapshot

Unlock Piramal Enterprises Limited's vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Piramal Enterprises Limited is a diversified conglomerate operating primarily in financial services and pharmaceuticals. Its financial arm provides housing finance, structured debt, and infrastructure funding, while its pharmaceutical division focuses on contract development, manufacturing, and consumer healthcare products.

Business Model

The company generates revenue through interest income and fees from its diverse lending portfolio in the real estate and infrastructure sectors, alongside the sale of pharmaceutical products and contract manufacturing services. It leverages a distressed asset platform to invest in equity and debt, diversifying its income streams across financial and healthcare markets.

Growth Outlook

Growth is expected to be driven by the expansion of its retail lending portfolio and the scaling of its pharmaceutical contract manufacturing capabilities. The company continues to focus on strengthening its consumer healthcare brand presence and capitalising on distressed asset opportunities.

Key Risks

  • Credit Risk. Exposure to the real estate and infrastructure sectors makes the company vulnerable to project delays and borrower defaults.
  • Regulatory Risk. The pharmaceutical business is subject to stringent global quality standards and regulatory inspections that could impact manufacturing operations.
  • Interest Rate Risk. Fluctuations in interest rates may impact the net interest margins and the cost of borrowing for the financial services division.
  • Market Competition. Intense competition in both the NBFC space and the pharmaceutical sector could pressure margins and market share.

Price

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Key Metrics

REVENUE

₹10,233 Cr

TTM · consolidated

+10.4%YoY

NET PROFIT

₹580 Cr

TTM · consolidated

+128.9%YoY

EPS

₹25.70

TTM · consolidated

+128.7%YoY

RETURN ON EQUITY

2.2%

TTM · consolidated

+8.9 ppYoY

RETURN ON CAPITAL EMPLOYED

4.6%

TTM · consolidated

-5.5 ppYoY

P/E

43.7x

Q1 FY26 · consolidated

43.7 vs 533.7x5Y avg

EBITDA MARGIN

65.6%

TTM · standalone

-11.6 ppYoY

NET PROFIT MARGIN

10.5%

Q1 FY26 · consolidated

+2.0 ppYoY

Peers · Consumer NBFC

CompanyMkt Cap (Cr)P/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Piramal Enterprises LimitedPEL
25,48543.7410.4%65.6%2.2%4.6%
Larsen & Toubro Ltd.LT
4,83,70632.2917.9211.8%12.2%18.8%15.3%+7.8%
Grasim Industries Ltd.GRASIM
1,76,69041.9716.6419.8%14.7%10.4%4.4%+11.2%
Cholamandalam Financial Holdings Ltd.CHOLAHLDNG
25,63912.0318.3%41.4%-25.7%

As of Q1 FY26

Financials