Piramal Finance Ltd (PIRAMALFIN) — share price & stock analysis

Market cap

₹49,803 Cr

P/BV

1.77×

ROE

0.9%

vs own 10-yr valuation

66th pctile

Book value / share

₹1,242

EPS (TTM)

₹10.5

10-yr median P/BV

1.4×

Revenue (FY26)

₹11,903 Cr

Profit after tax (FY26)

₹1,506 Cr

Weinstein stage

Stage 2 (35 weeks)

Data as of

1 July 2026

3 of the 3 things we track are currently moving the right way — nearly everything is pulling in the same direction.

Where the levels actually stand: ROE 1% — below what a bank must earn to create value; the spread is mid-band vs its own history. Momentum says which way things are moving; these say where they are.

Read this number for what it is: it measures the DIRECTION of change, not the quality of the business. A mediocre business getting better scores high here; a great one having a soft quarter scores low. Profit, lending and bad loans count double.

A rally without earnings underneath it

Since Apr 2016, the stock is up 1,018% while earnings per share fell 58%. The difference is re-rating — investors paying more for the same rupee of profit.pricettm_eps

That works until it doesn’t: from here, earnings have to do the lifting, because the multiple has already done its part.

Today’s P/BV of 1.8× is the middle of its own range against its own 10-year history (66th percentile) — neither a bargain nor a stretch, by its own standards.pb_ratio

Price is the weekly close (₹). EPS is trailing-twelve-month profit per share, anchored on Screener's own snapshots; between snapshots it is filled from price ÷ P/E (an exact identity), and any fill straying more than 18% from the neighbouring snapshots is dropped rather than shown. The lower panel is the P/BV — what the market pays per rupee of book value; the dotted line is its long-run median (1.4×).

An uptrend that has held for 35 weeks

Every stock cycles through the same four seasons — a flat base (stage 1), an advance (2), a top (3), a decline (4). Right now this one is in Stage 2: advancing, 35 weeks in, confirmed.stage

The price sits above its rising 200-day average (₹1,475 today) — trends like this persist more often than they reverse, which is why the system rides them instead of guessing the top.dma_200

Beating NIFTY 500 for 40 weeks — relative strength is the market’s live opinion, and right now it is on this stock’s side.rs_mansfield

What would end it: two Friday closes in a row below the 200-day line. That is the house exit rule — mechanical, no debates.dma_200

Out of the loss years — profitable again, still below its best

Over 13 years, income went from ₹3,212 Cr to ₹11,903 Cr (about 11% a year), and profit from ₹357 Cr to ₹1,506 Cr.revenuenet_profit

The books show real losses in FY19 and FY20 and FY21 and FY23 and FY24 (worst: ₹−15,051 Cr). Everything about today’s cheap-looking numbers must be read against that history — the recovery is what you are buying.net_profit

The loan book is working — interest income grew 20%

Mar 26 income was ₹3,424 Cr, up 20% on a year ago. A bank grows by lending more and charging well — this line is both together.revenue

The squeeze is easing — the spread bottomed at 40% and is mending

Of every ₹100 of interest the bank earns, ₹49 goes straight out as interest on deposits and borrowings. It keeps ₹51 — up 1 point from a year ago.revenueinterest_expense

The visible arc: squeezed from 49% down to 40% (Jun 24) as deposits repriced faster than loans, and recovering since. The direction matters more than the level now.interest_expense

Profit exploded 392% year on year

Mar 26 profit was ₹502 Cr, up 392% on last year — earnings per share of ₹22.14.net_profiteps

Where the growth comes from matters: this year it is the lending engine — net interest income — doing the lifting, not one-off provision releases. That is the more durable kind.revenue

Priced mid-range against its own history

Today you pay ₹1.77 for every ₹1 of book value, against a long-run median of ₹1.40. It has traded cheaper than this only 66% of the time since 2016.pb_ratio

A Sep 25 event lifted promoter holding — not steady buying

Promoters hold 46.2% (up 6.9 points over 8 quarters). Foreign funds own 14.6%, domestic funds 18.8%.promoters_pctfiis_pctdiis_pct

The promoter move came in a single step (Sep 25) — promoters rarely buy on-market, so a jump like this is almost always an allotment, infusion or restructuring: a capital event, not a slow accumulation of conviction. Worth knowing which, before reading it as a signal.promoters_pct

Foreign funds tell the real story: they sold from 11.3% down to 0.3% (Jun 21), and have been buying back since — now 14.6%. A completed round trip like that usually means the doubts got answered.fiis_pct

The numbers earn a deeper study — and watch the one thing that matters

The numbers lean positive, and the price already assumes the good news continues.

Best thing in the data: profit rising (₹102 Cr → ₹502 Cr).net_profit

One dissent worth hearing: our valuation lens reads negative — “its fair-value math says the price sits about 93% above what the numbers justify”. When a lens disagrees with the committee, it is usually pointing at the thing that breaks first.

Machine-written research from Screener data — every number traces to its source column. Sector Alpha is not a SEBI-registered investment adviser; nothing here is a recommendation to buy or sell. Not investment advice.

Straight answers from the data