₹478.35
▼ -4.1 -0.85%
17 Jul 2026
NSE Listed · Finance
Paul Merchants Ltd. (PML)
Volume: 80Avg Vol 1W: 237Avg Vol 1M: 57452W Range:₹451.55₹645
Key Ratios
Checked just nowMarket Cap₹148 Cr
Current Price₹478.35
Previous Close₹482.45
High / Low (52w)₹645 / ₹451.55
Volume80
Avg Vol (1W)237
Avg Vol (1M)574
Stock P/E16.16
Book Value₹2,913.21
Dividend Yield0%
ROE101.78%
ROA28.59%
Revenue (TTM)—
Revenue Growth—
Profit Margin12.96%
Total Debt—
Shares Outstanding0 Cr
Face Value₹10
EPS (TTM)₹7.44
P/B0.16
Debt / Equity0.43
50 DMA₹492.93
200 DMA₹537.17
Day change-0.85%
Price Chart
₹478.35▼ 39.76% · 1Y
2025-07-162026-07-16
20-day avg volume: 470 shares
Pros
- Healthy return on equity of 101.8%.
- Company is almost debt-free.
- Net profit is growing year over year.
- Stock trades below its book value.
Cons
- Revenue fell 49% YoY.
Quarterly Results
| Metric | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | — | — | — |
| EBITDA | — | — | — | — | — | — | — | — |
| Net Profit | ₹13 Cr | ₹16 Cr | ₹18 Cr | ₹17 Cr | ₹287 Cr | ₹-7 Cr | ₹-14 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 | ₹4,556 Cr | ₹4,930 Cr | ₹5,406 Cr | ₹3,043 Cr | ₹5,369 Cr | ₹7,013 Cr | ₹6,509 Cr | ₹3,338 Cr |
| EBITDA | ₹21 Cr | ₹24 Cr | ₹37 Cr | ₹44 Cr | ₹55 Cr | ₹60 Cr | ₹6 Cr | ₹-10 Cr |
| Net Profit | ₹213 Cr | ₹22 Cr | ₹26 Cr | ₹33 Cr | ₹40 Cr | ₹44 Cr | ₹55 Cr | ₹64 Cr |
| EPS | 2,076.46 | 214.78 | 256.56 | 325.38 | 390.77 | 428.13 | 177.13 | 206.99 |
Balance Sheet
| Metric | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | ₹473 Cr | ₹405 Cr | ₹455 Cr | ₹535 Cr | ₹649 Cr | ₹890 Cr | ₹1,156 Cr | ₹1,591 Cr |
| Total Liabilities | ₹108 Cr | ₹38 Cr | ₹62 Cr | ₹108 Cr | ₹182 Cr | ₹379 Cr | ₹591 Cr | ₹962 Cr |
| Equity | ₹364 Cr | ₹367 Cr | ₹393 Cr | ₹427 Cr | ₹467 Cr | ₹511 Cr | ₹565 Cr | ₹629 Cr |
| Total Debt | — | — | — | — | — | — | — | — |
Cash Flow
| Metric | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating | ₹-211 Cr | ₹18 Cr | ₹-75 Cr | ₹-58 Cr | ₹-24 Cr | ₹-138 Cr | ₹-117 Cr | ₹469 Cr |
| Investing | ₹241 Cr | ₹-25 Cr | ₹73 Cr | ₹23 Cr | ₹6 Cr | ₹0 Cr | ₹-5 Cr | ₹17 Cr |
| Financing | ₹2 Cr | ₹-6 Cr | ₹13 Cr | ₹42 Cr | ₹41 Cr | ₹155 Cr | ₹143 Cr | ₹-471 Cr |
| Free Cash Flow | ₹-211 Cr | ₹18 Cr | ₹-75 Cr | ₹-58 Cr | ₹-24 Cr | ₹-138 Cr | ₹-117 Cr | ₹469 Cr |
Shareholding
Promoter 74.65% Institutions 0% Public 25.35%
Efficiency & Working Capital
ROCE2.2%
Interest Coverage-42.9
Dividend Payout—
Debtor Days1 d
Inventory Days1 d
Payable Days0 d
Cash Conversion Cycle2 d
Working Capital Days2 d
Shareholding Details
As of 2026-06-30
Promoter74.7%
FII0%
DII0%
Institutions0%
Public25.3%
Promoter Pledge0%
No. of Shareholders4,237
Shareholding Pattern
Quarterly — figures in %. Latest 12 quarters.
| Period | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 74.7% | 74.7% | 74.7% | 74.7% | 74.7% | 74.7% | 74.7% | 74.7% | 74.7% | 74.7% | 74.7% | 74.7% |
| FIIs | 0% | 0% | 0% | 0% | 0.2% | 0.2% | 0.2% | 0.2% | 0.2% | 0.2% | 0% | 0% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 25.3% | 25.3% | 25.3% | 25.3% | 25.1% | 25.1% | 25.2% | 25.2% | 25.2% | 25.2% | 25.3% | 25.3% |
| Promoter Pledge | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| No. of Shareholders | 2,758 | 3,415 | 3,950 | 4,128 | 4,273 | 4,402 | 4,457 | 4,419 | 4,368 | 4,316 | 4,255 | 4,237 |
Returns History (ROE / ROCE / ROA)
| Period | ROE | ROCE | ROA | P/E |
|---|---|---|---|---|
| 202503 | — | — | — | — |
Major Shareholders (>1%)
| Name | Category | Stake | Shares |
|---|---|---|---|
| Rajneesh Bansal | Shareholding of Promoter and Promoter Group | 28.6% | 8,82,759 |
| Sarita Bansal | Shareholding of Promoter and Promoter Group | 18% | 5,56,260 |
| Sat Paul Bansal | Shareholding of Promoter and Promoter Group | 18% | 5,56,260 |
| Paul Excursions Llp | Shareholding of Promoter and Promoter Group | 10% | 3,07,065 |
| Vikram Gupta | Public Shareholding | 3.5% | 1,08,021 |
| Vinod Kumar Garg | Public Shareholding | 2.4% | 73,500 |
| Sandeep Bansal | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Nita Bansal | Shareholding of Promoter and Promoter Group | 0% | 0 |
Promoter Pledges
| Holder | Pledged Shares | % of Holding | As of |
|---|---|---|---|
| Rajneesh Bansal | 0 | 0% | 2026-06-30 |
| Sarita Bansal | 0 | 0% | 2026-06-30 |
| Sat Paul Bansal | 0 | 0% | 2026-06-30 |
| Sandeep Bansal | 0 | 0% | 2026-06-30 |
| Nita Bansal | 0 | 0% | 2026-06-30 |
| Paul Excursions Llp | 0 | 0% | 2026-06-30 |
| Vinod Kumar Garg | 0 | 0% | 2026-06-30 |
| Vikram Gupta | 0 | 0% | 2026-06-30 |
| Rajneesh Bansal | 0 | 0% | 2026-03-31 |
| Sarita Bansal | 0 | 0% | 2026-03-31 |
| Sat Paul Bansal | 0 | 0% | 2026-03-31 |
| Sandeep Bansal | 0 | 0% | 2026-03-31 |
Board of Directors
| Name | Designation | Year |
|---|---|---|
| Sat Paul Bansal | Chairman & Non Executive Dir. | 2025 |
| Rajneesh Bansal | ED / MD / Promoter | 2025 |
| Sarita Rani Bansal | Non-Exec & Non-Independent Dir | 2025 |
| Inder Sain Negi | Independent Non Exe. Director | 2025 |
| Ritesh Vaid | E D & Wholetime Director | 2025 |
| Bhupinder Singh | Independent Non Exe. Director | 2025 |
| Anoop Kumar Sharma | Independent Non Exe. Director | 2025 |
| Tejinder Kaur | Independent Non Exe. Director | 2025 |
| Hardam Singh | CS / Compliance Officer / Legal Head | 2025 |
Segments — Product
| Segment | Revenue | Share |
|---|---|---|
| Forex | ₹3,321 Cr | 99.8% |
| Travel | ₹8 Cr | 0.2% |
| Others | ₹0 Cr | 0% |
Capital Structure (₹ Cr)
| Year | Face Value | Authorised | Issued | Paid-up |
|---|---|---|---|---|
| 2025 | ₹10 | 11 | 3 | 3 |
Related-Party Transactions (₹ Cr)
| Year | Subsidiaries | Associates | JV | KMP | Others | Total |
|---|---|---|---|---|---|---|
| 2025 | 64 | 0 | 0 | 8 | 2 | 74 |
| 2025 | 48 | 0 | 0 | 0 | 0 | 48 |
| 2025 | 0 | 0 | 0 | 8 | 0 | 8 |
Insider / Designated-Person Trades
4 recent disclosure(s)
Paul Excursions Private LimitedDisposal · 3,07,065
Paul Excursions LLPAcquisition · 3,07,065
SAT PAUL BANSALAcquisition · 4,80,540
SARITA RANI BANSALDisposal · 4,80,540
Substantial Acquisitions (SAST)
4 disclosure(s)
Off Market / Inter se transfer15/09/2025 · 4,80,540
Off Market / Inter se transfer15/09/2025 · 4,80,540
-15/09/2025 · 4,80,540
NULL15/09/2025 · 4,80,540
Company Information
Incorporated1984
ChairmanSat Paul Bansal
AuditorRajiv Goel & Associates
Investor Email[email protected]
📍 DSM 335 336 & 337 3rd Floor, DLF Tower 15 Shivaji Marg, New Delhi, New Delhi, 110015
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