Piramal Enterprises Ltd(Merged) share price

Piramal Enterprises Ltd(Merged)'s share price was ₹1,124.20 at the close on 22 September 2025. It has been rising for 18 weeks. That is 2.5% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹872 and ₹1,327, and at that close it sat 55% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Piramal Enterprises Ltd(Merged) is in stage 2. The phase helps read everything below.

Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 1 week in a row.

Over the last 9.5 years the share price moved +93% while the NIFTY 500 moved +259%, so it is behind the index over that whole period. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Two changes stood out: revenue up on a year earlier for 4 quarters in a row and highest quarterly profit in 8 quarters.

1. Revenue up on a year earlier for 4 quarters in a row

   In the June 2025 quarter revenue was ₹2,643 crore, +18.7% on a year earlier.

2. Highest quarterly profit in 8 quarters

   Profit of ₹276 crore in the June 2025 quarter is the highest of the last 8 quarters.

For April to June 2025 (the quarter ended 30 June 2025), Piramal Enterprises Ltd(Merged) reported revenue of ₹2,643 crore, up 18.7% from ₹2,227 crore a year earlier, and a profit of ₹276 crore, up 52.5% from ₹181 crore.

Piramal Enterprises Ltd(Merged) results: April to June 2025 against a year earlier

The next results, for July to September 2025, are due by 14 November 2025: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

From the company's reported quarterly results (quarter ended 30 June 2025). Revenue and profit in ₹ crore.

Piramal Enterprises Ltd(Merged) closed at ₹1,124.20 on 22 September 2025, up 7.4% from ₹1,046.55 a year earlier (20 September 2024) and up 58.6% over five years. Its highest weekly close since April 2016 was ₹1,789.95 on 31 August 2018.

Piramal Enterprises Ltd(Merged) share price: then and now

Weekly closing prices. Each change is the move from that price to the 22 Sep 2025 close. A day's intraday high or low can go beyond these weekly closes.

496 weekly closes from 1 April 2016 to 22 September 2025.

22 Sep 2025: Piramal Enterprises Ltd(Merged) closed at ₹1,124.20, up 3.7% on the week and down 3.7% on the month. Results for April to June 2025: Revenue up 18.7% and profit up 52.5% on a year earlier.

Piramal Enterprises Ltd(Merged) paid no dividend in the 12 months to 4 November 2026. The last was a dividend of ₹11 a share, ex-date 13 June 2025.

Piramal Enterprises Ltd(Merged) dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date.

Yes. Piramal Enterprises Ltd(Merged) paid out 51% of its profit as dividends in FY25, and it paid a dividend in 10 of its last 12 reported years. 2 of those years show a negative figure because profit itself was negative.

From the NSE corporate-actions record, read 4 November 2026.

Piramal Enterprises Ltd(Merged) is on one of our India lists: Small & mid cap stocks.

Piramal Enterprises Ltd(Merged) earned ₹276 Cr of net profit in the Jun 2025 quarter, +52.5% on the same quarter a year earlier. Full-year FY25 profit was ₹485 Cr. Over 10 years profit has grown −16.2% a year on average. That is 10.4% of the quarter's revenue. The same quarter a year earlier earned ₹181 Cr.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

3 of the last 12 reported quarters were loss-making.

On average over the last four quarters, profit changed +88.9% and revenue +13.1%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit.

Piramal Enterprises Ltd(Merged) reported ₹2,643 Cr of revenue in the Jun 2025 quarter, +18.7% on the same quarter a year earlier. That is the 4th quarter in a row with growth on the year before. Over 10 years it has grown 7.3% a year on average. The last full year, FY25, came in at ₹10,375 Cr.

Revenue is everything the company billed its customers in the period.

The last four reported quarters add to ₹10,610 Cr.

FY25 revenue was ₹10,375 Cr, +2.6% on the year before.

Recent pace: the last four quarters grew +13.1% on average, against 7.3% a year over the longer run, so this year is growing faster than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +13.2%, against +4.5% a year over the last 8 quarters (accelerating).

We do not have a clean operating margin for Piramal Enterprises Ltd(Merged). Its accounts do not report the operating-profit line this section uses, which is common for lenders and holding companies. The other sections show what its filings do report.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed −0.7 percentage points on the year while gross margin changed +0.0 points. So the drop came mostly from costs below the gross margin, such as staff and overheads, measured against sales.

Over the last 3 years, 14% of Piramal Enterprises Ltd(Merged)'s reported profit came in as cash from its operations, a gap worth watching. In FY25 its operations used ₹8,091 Cr of cash, against ₹485 Cr of profit. After ₹116 Cr of spending on assets, free cash was −₹8,207 Cr: it spent more than its operations brought in.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why: the cash figure is clear, but the day counts behind it are not in our data, so we show it without guessing the reason.

What to look at next: it has been selling more assets than it buys. The next section shows those figures.

Piramal Enterprises Ltd(Merged) does not report the customer, stock and supplier day counts a cash cycle needs, so this section looks at its spending on assets instead. Over the last 3 years it sold more assets than it bought, by ₹5,844 Cr. Nothing is estimated in place of the missing day counts, so no cash-cycle chart is drawn.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

Over the last 3 years, money from selling assets was ₹5,844 Cr more than it spent on new ones. Work still in progress is ₹43.0 Cr (FY25).

In short: assets are being sold, not built, so this cash is not going into new capacity.

Piramal Enterprises Ltd(Merged)'s P/E is 49.0×, near the high end of its own history: higher than 93% of past readings. Its usual P/E (the middle reading) is 18.0×, over 9.5 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

The P/E here, and its history, use a profit figure that can leave out one-off items, so it can differ from a P/E worked out on the quarterly results. Those results' earnings per share for the four quarters to Jun 2025 add up to ₹25.67.

Where the price move came from: over 3 years the price moved +5.6% a year; about −36.6% a year came from earnings growth and about +42.2 percentage points from the multiple (the market paying more). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple.

In short: the multiple is high against its own past, so the earnings trend underneath matters more than the multiple.

Piramal Enterprises Ltd(Merged)'s business trend cannot be read yet. There are fewer than eight usable quarters of growth figures, so there is not enough history to read the trend. This is based on 9 quarters of 2 measures, with some gaps.

Every business is somewhere on a path of getting better or worse, and this section names where. The last 12 quarters of growth in revenue, profit and earnings per share, plus the return the business earns on its capital, are read as lines. Getting worse: the lines are falling. Turning around: a low point has just formed and the last few quarters are rising from it. Getting better: the rise from the low has lasted. Growing steadily: steady growth with healthy returns. Slowing from a peak: still high, but slowing. When the lines disagree the result is mixed; too little history means no reading. CAGR (compound annual growth rate) is the steady yearly rate that would turn the starting value into the latest one. It is the fairest way to compare growth over different periods. If the 1-year figure is much bigger than the 10-year one, recent growth is running faster than the long-run trend. A dash means there is no figure for that period, or the starting year was a loss, where a growth rate means nothing.