PIRAMALFIN
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India's Piramal Finance jumps on sharp Q4 profit growth
** Shares of India's Piramal Finance PIRL.NS advance 9.47% to 2,018.3 rupees
** Housing finance co posts Q4 net profit of 5.01 billion rupees ($53.04 million) vs 1.02 billion rupees a year earlier
** Nomura ("buy"; TP: 2,150) expects improved profitability with return on assets of ~3.1% by FY29 as cost savings could help offset the impact of near-term branch expansion
** Jefferies ("hold"; TP: 1,940) raises FY27–28 earnings estimates by up to 4% on better margins, expects co to post profit of 21 billion rupees in FY27, 30 billion rupees in FY28
** PIRL rated "buy"; median TP 2000 rupees - data compiled by LSEG
** YTD stock up 12.18%
($1 = 94.4600 Indian rupees)
(Reporting by Devika Nair in Bengaluru)
** Shares of India's Piramal Finance PIRL.NS advance 9.47% to 2,018.3 rupees
** Housing finance co posts Q4 net profit of 5.01 billion rupees ($53.04 million) vs 1.02 billion rupees a year earlier
** Nomura ("buy"; TP: 2,150) expects improved profitability with return on assets of ~3.1% by FY29 as cost savings could help offset the impact of near-term branch expansion
** Jefferies ("hold"; TP: 1,940) raises FY27–28 earnings estimates by up to 4% on better margins, expects co to post profit of 21 billion rupees in FY27, 30 billion rupees in FY28
** PIRL rated "buy"; median TP 2000 rupees - data compiled by LSEG
** YTD stock up 12.18%
($1 = 94.4600 Indian rupees)
(Reporting by Devika Nair in Bengaluru)
Piramal Finance To Amalgamate With Three Wholly-Owned Units
March 27 (Reuters) - Piramal Finance Ltd DWNH.M3:
APPROVES AMALGAMATION OF PIRAMAL FINANCE WITH THREE WHOLLY-OWNED SUBSIDIARIES
APPROVES ISSUANCE OF REDEEMABLE NON-CONVERTIBLE DEBENTURES ON PRIVATE PLACEMENT BASIS
NCD ISSUANCE UPTO 150 BILLION RUPEES
Source text: ID:nBSE5XVGf2
Further company coverage: DWNH.M3PIRL.NS
March 27 (Reuters) - Piramal Finance Ltd DWNH.M3:
APPROVES AMALGAMATION OF PIRAMAL FINANCE WITH THREE WHOLLY-OWNED SUBSIDIARIES
APPROVES ISSUANCE OF REDEEMABLE NON-CONVERTIBLE DEBENTURES ON PRIVATE PLACEMENT BASIS
NCD ISSUANCE UPTO 150 BILLION RUPEES
Source text: ID:nBSE5XVGf2
Further company coverage: DWNH.M3PIRL.NS
One Point One Solutions Gets 600 Mln Rupees Three-Year CX Operations Contract With Piramal Finance
March 20 (Reuters) - One Point One Solutions Ltd ONEP.NS:
GETS 600 MILLION RUPEES THREE-YEAR CX OPERATIONS CONTRACT WITH PIRAMAL FINANCE
Source text: ID:nNSE8lF74x
Further company coverage: ONEP.NS
March 20 (Reuters) - One Point One Solutions Ltd ONEP.NS:
GETS 600 MILLION RUPEES THREE-YEAR CX OPERATIONS CONTRACT WITH PIRAMAL FINANCE
Source text: ID:nNSE8lF74x
Further company coverage: ONEP.NS
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What does Piramal Finance do?
Piramal Finance Ltd., an RBI-regulated NBFC and subsidiary of Piramal Enterprises, offers retail and wholesale lending. Its retail segment includes home loans, LAP, MSME and used-vehicle loans, while wholesale lending covers real estate and corporate financing across sectors.
Who are the competitors of Piramal Finance?
Piramal Finance major competitors are Housing & Urban Dev., LIC Housing Finance, PNB Housing Finance, Aadhar Housing Fin, Sammaan Capital, Bajaj Housing Financ, Aptus Value Housing. Market Cap of Piramal Finance is ₹44,043 Crs. While the median market cap of its peers are ₹27,801 Crs.
Is Piramal Finance financially stable compared to its competitors?
Piramal Finance seems to be less financially stable compared to its competitors. Altman Z score of Piramal Finance is 0.24 and is ranked 7 out of its 8 competitors.
Does Piramal Finance pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Piramal Finance latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
How strong is Piramal Finance balance sheet?
Latest balance sheet of Piramal Finance is weak, and historically as well.
Is the profitablity of Piramal Finance improving?
Yes, profit is increasing. The profit of Piramal Finance is ₹1,131 Crs for TTM, -₹6.65 Crs for Mar 2025 and -₹1,975.28 Crs for Mar 2024.
Is Piramal Finance stock expensive?
Piramal Finance is not expensive. Latest PE of Piramal Finance is 28.95 while 3 year average PE is 30.05. Also latest Price to Book of Piramal Finance is 1.55 while 3yr average is 1.65.
Has the share price of Piramal Finance grown faster than its competition?
Piramal Finance has given better returns compared to its competitors. Piramal Finance has grown at ~45.06% over the last 1yrs while peers have grown at a median rate of -9.33%
Is the promoter bullish about Piramal Finance?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in Piramal Finance is 46.16% and last quarter promoter holding is 46.16%.
Are mutual funds buying/selling Piramal Finance?
The mutual fund holding of Piramal Finance is increasing. The current mutual fund holding in Piramal Finance is 11.52% while previous quarter holding is 9.02%.