Piramal Finance
BSE: PIRAMALFIN · Housing Finance Company
Includes predecessor: Piramal Enterprises Limited (till 16 Sept 2025)
Snapshot
Unlock Piramal Finance's vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Piramal Finance operates as an Upper Layer NBFC providing a diverse range of retail and wholesale lending solutions. Its retail portfolio includes home loans, loans against property, personal loans, and used car loans, while its wholesale division focuses on real estate and non-real estate sectors.
Business Model
The company generates revenue primarily through interest income earned on its retail and wholesale loan portfolios. It operates as an NBFC-ICC, focusing on credit disbursement without the acceptance of public deposits.
Management Commentary
The company recently transitioned its regulatory status to an NBFC-ICC, reflecting a strategic shift in its operational framework. Management continues to focus on expanding its retail lending footprint across various asset classes.
Growth Outlook
Growth is expected to be driven by the expansion of retail loan products and continued penetration into the real estate and non-real estate wholesale lending markets. The company's recent registration as an NBFC-ICC provides a stable regulatory foundation for future credit growth.
Key Risks
- Credit Risk. The company faces potential losses if borrowers default on retail or wholesale loan obligations.
- Interest Rate Risk. Fluctuations in interest rates may impact net interest margins and the cost of borrowing for the company.
- Regulatory Risk. As an NBFC, the company is subject to evolving regulatory requirements from the Reserve Bank of India that could impact operational flexibility.
- Real Estate Market Sensitivity. The company's significant exposure to the real estate sector makes it vulnerable to cyclical downturns in property demand and construction activity.
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Key Metrics
P/E
22.8×
Q2 FY27 · consolidated
EV/EBITDA
10.2x
Q2 FY27 · standalone
NET PROFIT MARGIN
14.9%
Q2 FY27 · consolidated
Peers · Housing Finance Company
| Company | Mkt Cap | P/E (TTM) | EV/EBITDA | Rev Gr YoY | EBITDA Mgn | ROE | ROCE | 1Y Return |
|---|---|---|---|---|---|---|---|---|
Piramal FinancePIRAMALFIN | ₹45,291 Cr | 22.8× | 10.16 | — | 60.2% | 6.5% | — | — |
Bajaj Housing Finance Ltd.BAJAJHFL | ₹65,142 Cr | 23.2× | 15.38 | 17.2% | 91.6% | 12.4% | — | -29.1% |
PNB Housing Finance Ltd.PNBHOUSING | ₹27,653 Cr | 11.8× | 8.02 | 10.0% | 93.0% | 12.3% | 9.9% | +14.2% |
LIC Housing Finance Ltd.LICHSGFIN | ₹27,245 Cr | 4.6× | — | -0.4% | 95.2% | 14.3% | 6.9% | -13.2% |
Aadhar Housing Finance Ltd.AADHARHFC | ₹18,568 Cr | 16.1× | — | 17.7% | 76.6% | 16.4% | — | -16.9% |
Sammaan Capital Ltd.SAMMAANCAP | ₹13,849 Cr | -1.3× | — | -17.1% | 46.1% | -35.5% | 19.9% | -36.8% |
As of Q2 FY27
Financials
Piramal Finance
BSE: PIRAMALFIN · Housing Finance Company
Includes predecessor: Piramal Enterprises Limited (till 16 Sept 2025)
Snapshot
Unlock Piramal Finance's vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Piramal Finance operates as an Upper Layer NBFC providing a diverse range of retail and wholesale lending solutions. Its retail portfolio includes home loans, loans against property, personal loans, and used car loans, while its wholesale division focuses on real estate and non-real estate sectors.
Business Model
The company generates revenue primarily through interest income earned on its retail and wholesale loan portfolios. It operates as an NBFC-ICC, focusing on credit disbursement without the acceptance of public deposits.
Management Commentary
The company recently transitioned its regulatory status to an NBFC-ICC, reflecting a strategic shift in its operational framework. Management continues to focus on expanding its retail lending footprint across various asset classes.
Growth Outlook
Growth is expected to be driven by the expansion of retail loan products and continued penetration into the real estate and non-real estate wholesale lending markets. The company's recent registration as an NBFC-ICC provides a stable regulatory foundation for future credit growth.
Key Risks
- Credit Risk. The company faces potential losses if borrowers default on retail or wholesale loan obligations.
- Interest Rate Risk. Fluctuations in interest rates may impact net interest margins and the cost of borrowing for the company.
- Regulatory Risk. As an NBFC, the company is subject to evolving regulatory requirements from the Reserve Bank of India that could impact operational flexibility.
- Real Estate Market Sensitivity. The company's significant exposure to the real estate sector makes it vulnerable to cyclical downturns in property demand and construction activity.
Start your research today
Unlock AI insights, financials, peers and live data on Piramal Finance and 5,000+ companies — free.
Key Metrics
P/E
22.8x
Q2 FY27 · consolidated
EV/EBITDA
10.2x
Q2 FY27 · standalone
NET PROFIT MARGIN
14.9%
Q2 FY27 · consolidated
Peers · Housing Finance Company
As of Q2 FY27