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Paul Merchants Ltd.

Paul Merchants Ltd.

446.90
INR
-22.95
(-4.88%)
66.43EPS
1.54BMarket Cap
Paul Merchants Ltd.
NSE:PML
(National Stock Exchange of India)

Recent

price

446.90

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
INR
4,006.91
4,944.88
5,225.59
6,492.45
7,021.67
7,957.97
9,364.76
14,712.34
15,914.26
17,481.55
9,822.71
17,369.4
22,690.64
21,025.91
10,762.7
6,687.98
6,683.14
Revenue per Share
47.18
52.14
55.5
53.44
49.54
66.04
41.57
692.15
71.59
85.52
108.46
130.26
142.71
177.13
206.99
871.41
-31.82
Basic EPS, GAAP
62.17
17.2
-22.63
-193
274.65
17.6
46.56
-991.39
10.89
-278.33
-232.59
69.1
-524.96
-475.18
1,438.58
1,298.35
- -
Free Cash Flow per Basic Share
0.33
0.5
0.5
- -
- -
- -
- -
- -
- -
1.01
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
176.07
226.81
281.81
335.25
383.67
449.71
484.07
1,139.42
1,191.32
1,275.09
1,383.81
1,513.92
1,656.18
1,832.69
2,039.17
2,909.44
- -
Book Value per Share
176.07
226.81
281.81
335.25
370.08
438.4
474.84
1,139.42
1,191.32
1,275.09
1,381.87
1,511.42
1,652.42
1,831.34
2,037.96
2,906.25
- -
Tangible Book Value per Share
3
3
3
3
3
3
3
3
3
3
3
3
3
3
3
3
3
Basic Weighted Avg Shares
12,357
15,250
16,116
20,023
21,655
24,542
28,881
45,373
49,080
53,913
30,293
53,567
69,978
64,844
33,192
20,626
20,611
Sales/Revenue/Turnover
1.86
1.6
1.59
1.23
1.12
1.31
0.24
0.32
0.25
0.65
1.37
1.17
1.13
0.05
-0.32
-1
-0.62
Operating Margin (%)
19
19
18
20
29
28
29
35
35
32
30
18
39
60
38
55
59
Depreciation Expense
145
161
171
165
153
204
128
2,135
221
264
334
402
440
546
638
2,687
-98
Net Income, GAAP
32.96
33.18
33.04
33.76
35.14
35.22
36.71
29.28
8.23
26.04
23.38
25.5
26.21
129.54
- -
51.49
39.36
Effective Tax Rate (%)
1.18
1.05
1.06
0.82
0.71
0.83
0.44
4.7
0.45
0.49
1.1
0.75
0.63
0.84
1.92
13.03
-0.48
Profit Margin (%)
453
559
633
646
685
866
972
2,796
2,707
3,276
3,627
3,757
5,420
6,407
5,728
5,318
- -
Working Capital
13
13
8
71
102
67
4
1
- -
- -
1
4
989
1,472
81
26
- -
LT Debt
543
699
869
1,034
1,183
1,387
1,493
3,642
3,674
3,932
4,268
4,669
5,108
5,652
6,289
8,981
- -
Total Equity
- -
19.09
15.78
9.87
8.24
11.92
11.53
3.65
3
6.14
6.83
8.26
8.09
-0.09
- -
-1.24
- -
Return on Invested Capital (%)
- -
22.87
19.27
11.69
10.26
14.74
8.26
77.51
5.9
6.83
7.74
8.38
8
5.77
- -
34.49
- -
Return on Capital (%)
- -
25.88
21.82
17.32
13.78
15.85
8.9
85.27
6.14
6.93
8.16
8.99
9
10.15
10.69
35.22
- -
Return on Common Equity (%)

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
78
- -
LT Borrowings
- -
24
- -
LT Finance Leases
- -
1
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
3
3
3
Market Capitalization
- -
- -
1,544

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
5,679
- -
Cash, Cash Equivalents & STI
- -
3,471
- -
Accounts Receivable, Net
- -
53
- -
Inventories
- -
231
- -
Total Current Liabilities
- -
361
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
78
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
25.16%
16.71%
42.81%
Free Cash Flow
-624.9%
-282.28%
-9.75%
Net Income, GAAP
187.62%
78.33%
320.99%
Sales/Revenue/Turnover
6.24%
2.69%
-37.86%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
10,159
9,863
7,500
5,825
33,192
2026
4,933
5,934
5,048
4,821
20,626
2027
4,808
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
43.18
52.21
57.47
54.13
206.99
2026
932.11
-21.45
-46.69
7.44
871.41
2027
28.88
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
2027
- -
- -
- -
- -
- -
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Business
Paul Merchants Limited (PML.BO) operates as a diversified financial services company providing non-banking financial solutions in India. The company offers a range of products and services including gold loans, working capital finance, MSME loans, personal loans, business loans, vehicle loans, mortgage loans, gold trading, money changing services, and air ticketing; it also engages in forex services, travel agency operations, and investment activities through its subsidiaries. Headquartered in Chandigarh, India, Paul Merchants Limited was founded in 1984 and primarily serves retail and small business customers across northern and central India, with operations spanning multiple states. In recent developments, the company reported robust financial growth in fiscal year 2025, with consolidated net profit surging over 200% year-over-year to INR 1.15 billion, driven by expanded loan disbursements and strategic focus on gold finance; it also strengthened its MSME lending portfolio through new digital onboarding initiatives and partnerships with regional banks for co-lending programs. Additionally, Paul Merchants launched enhanced digital platforms for faster loan approvals and entered into alliances for rural gold loan distribution in 2024, marking significant operational expansions amid India's growing NBFC sector.