Pioneer Investcorp Limited

Pioneer Investcorp Limited

51.00
INR
+0.12
(+0.24%)
11.61EPS
7.71P/E
1.10BMarket Cap
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
24.39
23.44
19.08
51.24
32.29
30.81
35.72
25.31
28.8
26.18
33.44
38.17
44.51
32.04
Basic EPS, GAAP
-16.96
5.04
-0.69
14.48
0.26
0.18
2.53
0.72
3.04
1.67
3.31
6.42
12.94
11.61
Free Cash Flow per Basic Share
27.87
7.96
23.55
7.52
11.86
-11.13
24.78
-44.66
54.37
-24.56
-19.22
-20.05
52.25
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
84.82
88.86
88.16
102.64
102.82
103.33
105.96
107.2
111.38
113.25
120.28
126.73
139.67
- -
Tangible Book Value per Share
84.73
88.77
88.07
102.55
102.73
103.17
105.9
107.16
111.35
113.23
120.26
126.7
139.67
- -
Basic Weighted Avg Shares
12
12
12
12
12
12
12
12
12
12
12
12
12
12
Sales/Revenue/Turnover
300
288
235
630
397
379
439
311
354
322
411
469
547
394
Operating Margin (%)
23.64
37.94
22.5
61.33
21.08
20.7
36.55
39.67
41.55
31.47
37.74
46.17
48.93
32.15
Depreciation Expense
15
7
7
5
6
12
12
12
11
9
11
11
8
9
Net Income, GAAP
-209
62
-9
178
3
2
31
9
37
21
41
79
159
143
Effective Tax Rate (%)
- -
17.65
- -
29.66
74.24
- -
37.6
68.55
25.25
42.79
38.9
26.15
18.04
17.59
Profit Margin (%)
-69.54
21.52
-3.63
28.26
0.81
0.58
7.08
2.83
10.54
6.39
9.9
16.81
29.07
36.22
Working Capital
859
933
873
1,032
917
1,111
1,640
1,286
1,536
1,235
584
605
742
- -
LT Debt
2
1
- -
7
9
135
419
31
218
213
211
207
279
- -
Total Equity
1,043
1,093
1,084
1,262
1,264
1,271
1,303
1,318
1,370
1,393
1,479
1,558
1,718
- -
Return on Invested Capital (%)
- -
3.62
- -
11.11
1.23
- -
5
1.68
5.22
2.83
3.97
5.77
7.62
- -
Return on Capital (%)
- -
7.53
- -
15.36
1.01
- -
4.71
1.64
5.11
2.72
4.17
6.5
8.59
- -
Return on Common Equity (%)
-18.26
5.81
-0.78
15.18
0.25
0.17
2.42
0.67
2.78
1.49
2.83
5.2
9.71
- -

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
775
- -
LT Borrowings
- -
279
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
12
12
12
Market Capitalization
- -
- -
1,100

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
2,873
- -
Cash, Cash Equivalents & STI
- -
145
- -
Accounts Receivable, Net
- -
1,188
- -
Inventories
- -
528
- -
Total Current Liabilities
- -
2,131
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
775
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
4.82%
5.47%
10.22%
Free Cash Flow
-155.18%
-148.97%
-360.54%
Net Income, GAAP
-50.9%
114.61%
101.65%
Sales/Revenue/Turnover
17.69%
12.63%
16.6%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
86
70
102
107
469
2026
142
168
116
44
547
2027
67
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
2.67
0.23
1.21
2.31
6.42
2026
2.94
3.94
4.69
1.37
12.94
2027
1.61
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
2027
- -
- -
- -
- -
- -

Company Description

CEO
Gaurang Manhar Gandhi
Full Time Employees
34
Sector
Finance
Industry
Investment banks/Brokers
Address
1218, Maker Chambers V Mumbai MA India 400021
IPO Date
Jul 13, 1993
Website
pinc.co.in
Business
Pioneer Investcorp Limited (PIONRINV.BO) is an India-focused integrated financial services company specializing in investment banking and advisory services. Incorporated in 1984 and headquartered in Mumbai, the company operates primarily in India with offices in Delhi, Bengaluru, Chennai, and Kolkata, serving over 1,100 corporate clients across industries including pharmaceuticals, healthcare, information technology, and financial services. It offers a comprehensive range of products and services, including merchant banking; corporate finance advisory and strategic alliances; debt syndication; structured transactions; merger and acquisition advisory; private equity advisory encompassing venture and growth capital, buyout/control transactions, and special situation finance; institutional securities trading in government securities, state development loans, non-SLR bonds, corporate bonds, treasury bills, certificates of deposit, commercial paper, inter-corporate deposits, and money market instruments; portfolio management services for long-term wealth creation through stocks, fixed income, cash, and structured products; insurance and reinsurance advisory; capital raising; project finance; debt arranging and restructuring; and coal consultancy. Recent financial performance reflects significant growth, with consolidated net profit rising 1,632% to Rs 4.85 crore and sales increasing 94.63% to Rs 15.57 crore for the quarter ended September 2025 compared to the prior year period. The company reported compounded profit growth of 20.5% CAGR over the last five years and continues to reduce debt levels, with net debt declining to negative Rs 10.51 crore as of September 2025. In June 2025, Pioneer Investcorp re-appointed Gaurang Gandhi as Managing Director, reinforcing leadership continuity under the founder with over 40 years of experience.