₹102.71
▲ +9.02 +9.63%
17 Jul 2026
NSE Listed
Pioneer Investcorp Ltd. (PIONRINV)
Volume: 13,340Avg Vol 1W: 9,580.6Avg Vol 1M: 5,202.9552W Range:₹77.01₹135.44
Key Ratios
Checked 6h agoMarket Cap₹115 Cr
Current Price₹102.71
Previous Close₹93.69
High / Low (52w)₹135.44 / ₹77.01
Volume13,340
Avg Vol (1W)9,580.6
Avg Vol (1M)5,202.95
Stock P/E68.39
Book Value₹139.19
Dividend Yield0%
ROE9.26%
ROA381.8%
Revenue (TTM)₹47 Cr
Revenue Growth—
Profit Margin34.06%
Total Debt—
Shares Outstanding1 Cr
Face Value₹10
EPS (TTM)₹12.94
P/B0.67
Debt / Equity0.83
50 DMA₹98.62
200 DMA₹100.25
Day change+9.63%
Price Chart
₹102.71▼ 3.24% · 1Y
2026-04-202026-07-16
20-day avg volume: 5K shares
Pros
- Company is almost debt-free.
- Net profit is growing year over year.
- Stock trades below its book value.
Cons
- Stock trades at a high P/E of 68.
Quarterly Results
| Metric | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | — | — | — |
| EBITDA | — | — | — | — | — | — | — | — |
| Net Profit | ₹3 Cr | ₹0 Cr | ₹1 Cr | ₹3 Cr | ₹4 Cr | ₹5 Cr | ₹6 Cr | ₹2 Cr |
| EPS | — | — | — | — | — | — | — | — |
Profit & Loss (Annual)
| Metric | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹40 Cr | ₹36 Cr | ₹43 Cr | ₹31 Cr | ₹36 Cr | ₹32 Cr | ₹41 Cr | ₹47 Cr |
| EBITDA | ₹1 Cr | ₹0 Cr | ₹5 Cr | ₹3 Cr | ₹5 Cr | ₹4 Cr | ₹5 Cr | ₹8 Cr |
| Net Profit | ₹0 Cr | ₹0 Cr | ₹3 Cr | ₹1 Cr | ₹4 Cr | ₹2 Cr | ₹4 Cr | ₹8 Cr |
| EPS | 0.26 | 0.18 | 2.53 | 0.72 | 3.04 | 1.67 | 3.31 | 6.42 |
Balance Sheet
| Metric | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | ₹179 Cr | ₹211 Cr | ₹182 Cr | ₹243 Cr | ₹205 Cr | ₹248 Cr | ₹406 Cr | ₹449 Cr |
| Total Liabilities | ₹56 Cr | ₹84 Cr | ₹52 Cr | ₹111 Cr | ₹68 Cr | ₹109 Cr | ₹258 Cr | ₹293 Cr |
| Equity | ₹123 Cr | ₹127 Cr | ₹130 Cr | ₹132 Cr | ₹137 Cr | ₹139 Cr | ₹148 Cr | ₹156 Cr |
| Total Debt | — | — | — | — | — | — | — | — |
Cash Flow
| Metric | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating | ₹17 Cr | ₹-10 Cr | ₹33 Cr | ₹-54 Cr | ₹69 Cr | ₹-29 Cr | ₹-22 Cr | ₹-22 Cr |
| Investing | ₹-1 Cr | ₹-1 Cr | ₹6 Cr | ₹1 Cr | ₹-2 Cr | ₹1 Cr | ₹6 Cr | ₹5 Cr |
| Financing | ₹-12 Cr | ₹19 Cr | ₹-43 Cr | ₹52 Cr | ₹-62 Cr | ₹26 Cr | ₹11 Cr | ₹21 Cr |
| Free Cash Flow | ₹17 Cr | ₹-10 Cr | ₹33 Cr | ₹-54 Cr | ₹69 Cr | ₹-29 Cr | ₹-22 Cr | ₹-22 Cr |
Shareholding
Promoter 65.46% Institutions 3.2% Public 31.34%
Efficiency & Working Capital
ROCE11.2%
Interest Coverage1.8
Dividend Payout—
Debtor Days1343 d
Inventory Days934 d
Payable Days1335 d
Cash Conversion Cycle943 d
Working Capital Days2277 d
Shareholding Details
As of 2026-03-31
Promoter65.5%
FII3%
DII0.2%
Institutions3.2%
Public31.3%
Promoter Pledge43.5%
No. of Shareholders4,608
Shareholding Pattern
Quarterly — figures in %. Latest 12 quarters.
| Period | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 64.8% | 64.8% | 64.8% | 64.8% | 64.8% | 64.8% | 64.8% | 64.8% | 64.8% | 65.3% | 65.5% | 65.5% |
| FIIs | 3.8% | 3.8% | 3.8% | 3.8% | 3.8% | 3.8% | 3.6% | 3% | 3% | 3% | 3% | 3% |
| DIIs | 0.2% | 0.2% | 0.2% | 0.2% | 0.2% | 0.2% | 0.2% | 0.2% | 0.2% | 0.2% | 0.2% | 0.2% |
| Public | 31.2% | 31.2% | 31.2% | 31.2% | 31.2% | 31.2% | 31.4% | 32% | 32% | 31.5% | 31.3% | 31.3% |
| Promoter Pledge | 43.9% | 43.9% | 43.9% | 43.9% | 43.9% | 43.9% | 43.9% | 43.9% | 43.9% | 43.6% | 43.5% | 43.5% |
| No. of Shareholders | 4,094 | 4,116 | 4,086 | 4,093 | 4,118 | 4,112 | 4,811 | 4,932 | 4,853 | 4,895 | 4,732 | 4,608 |
Returns History (ROE / ROCE / ROA)
| Period | ROE | ROCE | ROA | P/E |
|---|---|---|---|---|
| 202503 | — | — | — | — |
Major Shareholders (>1%)
| Name | Category | Stake | Shares |
|---|---|---|---|
| Gaurang Manhar Gandhi | Shareholding of Promoter and Promoter Group | 64.6% | 79,43,667 |
| Vss Iron And Minerals Private Ltd | Public Shareholding | 4.7% | 5,75,000 |
| Elysian Wealth Fund | Public Shareholding | 3% | 3,67,100 |
| Mahendra Girdharilal Wadhwani | Public Shareholding | 2.3% | 2,87,010 |
| Anuradha Multitrade Pvt Ltd | Public Shareholding | 1.6% | 2,00,000 |
| Devangan Consultancy Private Limited | Public Shareholding | 1.1% | 1,35,000 |
| Ketan Manhar Gandhi | Shareholding of Promoter and Promoter Group | 0.6% | 68,850 |
| Hemang Manhar Gandhi | Shareholding of Promoter and Promoter Group | 0.3% | 36,683 |
| Ami Ketan Gandhi | Shareholding of Promoter and Promoter Group | 0% | 500 |
Promoter Pledges
| Holder | Pledged Shares | % of Holding | As of |
|---|---|---|---|
| Gaurang Manhar Gandhi | 35,00,000 | 44.1% | 2026-03-31 |
| Ami Ketan Gandhi | 0 | 0% | 2026-03-31 |
| Ketan Manhar Gandhi | 0 | 0% | 2026-03-31 |
| Hemang Manhar Gandhi | 0 | 0% | 2026-03-31 |
| Elysian Wealth Fund | 0 | 0% | 2026-03-31 |
| Mahendra Girdharilal Wadhwani | 0 | 0% | 2026-03-31 |
| Devangan Consultancy Private Limited | 0 | 0% | 2026-03-31 |
| Anuradha Multitrade Pvt Ltd | 0 | 0% | 2026-03-31 |
| Vss Iron And Minerals Private Ltd | 0 | 0% | 2026-03-31 |
| Gaurang Manhar Gandhi | 35,00,000 | 44.1% | 2025-12-31 |
| Ami Ketan Gandhi | 0 | 0% | 2025-12-31 |
| Ketan Manhar Gandhi | 0 | 0% | 2025-12-31 |
Board of Directors
| Name | Designation | Year |
|---|---|---|
| G M Gandhi | ED / MD / Promoter | 2025 |
| RAJ KUMAR SINGH | Independent Non Exe. Director | 2025 |
| Shailesh Pravin Dalal | Independent Non Exe. Director | 2025 |
| Saraswathy Sadasivan | Non-Exec & Non-Independent Dir | 2025 |
| Athreya Tayagrajan Krishnakumar | Independent Non Exe. Director | 2025 |
| Tushya Jatia | Non-Exec & Non-Independent Dir | 2025 |
| Riddhi Sidhpura | Company Sec. & Compli. Officer | 2025 |
Segments — Product
| Segment | Revenue | Share |
|---|---|---|
| Advisory & Merchant Banking Fees | ₹6 Cr | 17.6% |
| Income From Securities | ₹27 Cr | 82.4% |
Capital Structure (₹ Cr)
| Year | Face Value | Authorised | Issued | Paid-up |
|---|---|---|---|---|
| 2025 | ₹10 | 25 | 13 | 13 |
Related-Party Transactions (₹ Cr)
| Year | Subsidiaries | Associates | JV | KMP | Others | Total |
|---|---|---|---|---|---|---|
| 2025 | 574 | 0 | 0 | 124 | 50 | 748 |
| 2025 | 573 | 0 | 0 | 120 | 50 | 744 |
| 2025 | 0 | 0 | 0 | 4 | 0 | 4 |
Insider / Designated-Person Trades
6 recent disclosure(s)
Gaurang Manhar GandhiAcquisition · 25,000
Gaurang Manhar GandhiAcquisition · 30,500
GAIRANG MANHAR GANDHIAcquisition · 15,000
GAIRANG MANHAR GANDHIAcquisition · 50,000
GAIRANG MANHAR GANDHIAcquisition · 15,800
GAIRANG MANHAR GANDHI RevisedAcquisition · 15,800
Company Information
🌐 www.pinc.co.in ↗
📍 1218 Maker Chambers V, 12th Floor Nariman Point, Mumbai, Maharashtra, 400021
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