Pioneer Investcorp Limited (507864) fair value: what the stock is really worth
As of Sep 30, 2026: fair value of Pioneer Investcorp Limited ₹166, price ₹79.04, upside +110.5%, quality 61 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 29, 2026.
How to read this chart
60‑month range ₹26.90 – ₹128.50 · fair‑value band ₹66.00 – ₹239.86 · the ₹79.04 price screens below the ₹166.40 fair value. Dashed = 300-day average. As of Sep 29, 2026.
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Pioneer Investcorp Limited, together with its subsidiaries, provides investment banking and financial advisory services worldwide. It operates through Income From Merchant Banking and Advisory Fees, Income From Shares and Securities, and Equity Brokerage and Related Income segments.
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Pioneer Investcorp Limited, together with its subsidiaries, provides investment banking and financial advisory services worldwide. It operates through Income From Merchant Banking and Advisory Fees, Income From Shares and Securities, and Equity Brokerage and Related Income segments. The company offers a range of investment banking services, including private equity advisory, mergers and acquisitions, corporate financial advisory and strategic alliances, structured transactions, and debt syndication services. It also provides institutional securities trading services, such as fixed income sales and trading, and institutional equity broking services, as well as insurance and reinsurance advisory services. The company serves corporates, government, institutional clients, and family offices. Pioneer Investcorp Limited was incorporated in 1984 and is based in Mumbai, India.
Stock analysis
Pioneer Investcorp Limited (507864) currently trades at ₹79.04, while our model-based Fair Value estimate is ₹166.40, implying the stock looks roughly 52.5% undervalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of ₹1,043 per share, and 10 of the 10 models we run sit above the ₹79.04 price.
Bear case: the Asset-Based group reads lowest at ₹93.58, and 0 of the 10 models stay below the price. Evidence for this calculation is low.
Scenario range: ₹66.00 (bear) to ₹239.86 (bull), the price of ₹79.04 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 61/100 (solid quality), in the Financials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Pioneer Investcorp Limited reported revenue of ₹469M in FY2026 versus ₹340M in FY2022, a compound +8.3%/yr. Reported net income was ₹159M in FY2026, compounding +43.7%/yr from FY2022.
Key figures
Market cap ₹372M (≈ $3.9M) · P/E ratio 6.9 · P/S ratio 2.35 · EPS (TTM) ₹2.06 · Net margin 33.9% · Return on assets (EBIT) 3.0% · Operating margin 14.9% · Revenue (TTM) ₹292M.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 38% below its 52-week high and 25% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Financials peers we cover trades at 57% fair-value upside, at 111%, 507864 screens cheaper than that median.
Fair Value models
Bear ₹66.00Fair Value ₹166.40Bull ₹239.86
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2026 figures (about 6 months old). Earnings retained since then (₹1.05 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.78/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+29.5%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+13.7%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+9.0%
Start year 2021 (pandemic). Over 10 years: +7.2% a year
Revenue growth 12 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+7.9%
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What shareholders gained per year (last 5 years), in INR (mathematically smoothed) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+78.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year+78.4%
Dividend (yield on the price)0.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.38.6% vs −1.1%, picking up
Profit margin 2021 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.7% → 40%
2026 sits 291% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Compare Pioneer Investcorp Limited with another stock
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its sector: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median. (Industry “Investment Services” was too small, so the broader sector is used.)Financials · 3198 stocks
Beats the sector median on 7/12 measures
A mixed picture versus its sector peers.
Valuation
Quality Score61 · Above median
Fair Value upside+110.5% · Top 25%
Profitability
Return on assets10.3% · Top 25%
Net margin (TTM)8.6% · Below median
Operating margin (TTM)14.9% · Below median
Growth and dividend
Revenue growth−47.7% · Bottom 25%
Dividend yield (TTM)0.0% · Bottom 25%
Balance sheet
Debt / equity0.61× · Above median
Valuation Multiplesvs Financials median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is Pioneer Investcorp Limited (507864) overvalued or undervalued?
As of Sep 29, 2026, our model estimates a fair value of ₹166.40 versus a price of ₹79.04, about +111% upside (undervalued).
What is the fair value of 507864?
Our model-based fair value for Pioneer Investcorp Limited is ₹166.40 (as of Sep 29, 2026), built from audited fundamentals. The current price: ₹79.04.
What is the quality score of 507864?
Pioneer Investcorp Limited has a Quality Score of 61/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Pioneer Investcorp Limited (507864)?
Our model-based price target is the fair value of ₹166.40 (as of Sep 29, 2026) from 10 valuation models. Cautious scenario ₹66.00, optimistic scenario ₹239.86. It is a calculation from audited fundamentals, not an analyst target.
What is the Pioneer Investcorp Limited stock forecast for 2026?
Our models put fair value at ₹166.40, about +111% upside versus a price of ₹79.04 (undervalued). Cautious scenario ₹66.00, optimistic scenario ₹239.86. The calculation is refreshed regularly with new filings.
What is the revenue of Pioneer Investcorp Limited (507864)?
Pioneer Investcorp Limited reported trailing-twelve-month revenue of about ₹292M (latest available figure, as of Sep 29, 2026).
What is the intrinsic value of Pioneer Investcorp Limited (507864)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Pioneer Investcorp Limited it is ₹166.40 per share (as of Sep 29, 2026), against a price of ₹79.04. It is the blended result of 10 valuation models (cash flow, earnings, asset, dividend).
Is Pioneer Investcorp Limited stock overvalued or undervalued in 2026?
As of Sep 29, 2026, 507864 trades below its calculated fair value: price ₹79.04, fair value ₹166.40, a gap of about +111% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 507864?
No. The price is what the market pays today (₹79.04); the fair value is what the company's own numbers justify (₹166.40). For Pioneer Investcorp Limited the two are ₹87.36 per share apart. That gap is exactly why we show both numbers side by side.
How much is Pioneer Investcorp Limited worth?
The market values Pioneer Investcorp Limited at about ₹372M (market capitalisation, as of Sep 29, 2026). Per share that is ₹79.04; our models calculate a fair value of ₹166.40 per share.
What do the bullish and bearish scenarios say about 507864?
Our models span a range for Pioneer Investcorp Limited: cautious scenario ₹66.00, base ₹166.40, optimistic ₹239.86 per share (as of Sep 29, 2026, price ₹79.04). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 507864?
Pioneer Investcorp Limited trades at a price-to-earnings ratio of 6.9 (as of Sep 29, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹166.40 is built from several models across several years. Other multiples: P/B 0.2, P/S 1.3.
How solid is the balance sheet of Pioneer Investcorp Limited (507864)?
Balance-sheet figures for Pioneer Investcorp Limited (as of Sep 29, 2026): debt of 0.61 per unit of equity. They feed the Quality Score of 61/100, which measures business quality independently of the share price.
How far is 507864 from its 52-week high?
Pioneer Investcorp Limited trades at ₹79.04, about 38% below its 52-week high of ₹128.50 and 25% above the low of ₹63.21 (as of Sep 30, 2026). Distance from the high says nothing about value: that is what the fair value of ₹166.40 is for.
Which stocks are comparable to Pioneer Investcorp Limited?
From the same area (Financials) we also value KIDUJA, 538647, PANKAJPIYUS, Federal Home Loan Mortgage Corporation, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Pioneer Investcorp Limited stock attractive at the current price?
The data as of Sep 29, 2026: price ₹79.04, calculated fair value ₹166.40 (+111%), Quality Score 61/100, from 10 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 507864 calculated?
We run Pioneer Investcorp Limited through 10 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹166.40, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. Pioneer Investcorp Limited currently trades 53 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Pioneer Investcorp Limited (507864)?
The closing price on Sep 30, 2026 was ₹79.04. Our model-based fair value is ₹166.40, about +111% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Pioneer Investcorp Limited right now?
The model range is unusually wide (₹66.00 to ₹239.86). The outcome hinges heavily on assumptions, so read the point estimate with caution. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid quality (61/100) at a price below fair value, the discount is the argument here, not the business quality. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Key figures of Pioneer Investcorp Limited
How large is the market capitalisation of Pioneer Investcorp Limited (507864)?
The market capitalisation of Pioneer Investcorp Limited is ₹372M (≈ $3.9M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Pioneer Investcorp Limited (507864)?
The price-to-sales ratio of Pioneer Investcorp Limited is 2.35 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Pioneer Investcorp Limited (507864)?
Earnings per share at Pioneer Investcorp Limited are ₹2.06 (price ÷ EPS = P/E 6.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Pioneer Investcorp Limited (507864)?
The net margin of Pioneer Investcorp Limited is 33.9% (fiscal year 2026). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the EBIT return on assets of Pioneer Investcorp Limited (507864)?
On an EBIT basis the return on assets of Pioneer Investcorp Limited is 3.0% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Pioneer Investcorp Limited (507864)?
The operating margin of Pioneer Investcorp Limited is 14.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Pioneer Investcorp Limited (507864)?
Revenue at Pioneer Investcorp Limited is growing −47.7% versus a year earlier (3y avg +13.7%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Pioneer Investcorp Limited (507864)?
Earnings per share at Pioneer Investcorp Limited are growing +157% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Pioneer Investcorp Limited (507864) generate?
The free cash flow of Pioneer Investcorp Limited is ₹642M (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Pioneer Investcorp Limited (507864) carry?
The net debt of Pioneer Investcorp Limited is ₹1.0B (fiscal year 2026, ≈ 1.6 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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