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Piramal Finance Limited (PIRAMALFIN) Fair Value & Analysis

Financial Services · IN · Market cap ₹485B

PF Piramal Finance Limited PIRAMALFIN · NSE
Price₹2,110
Fair Value₹1,331
Upside-36.9%
Quality30/100
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Expensive Growth
Highly profitable · 28.9% net margin
High debt · negative free cash flow
0.50% dividend yield
Trails peers (1/12)
Narrow moat 44/100
Evidence: High Range ₹998.41 – ₹1,331 Share as image

Fair value as of: Jul 19, 2026

From 7 valuation models · updated 21 days ago

Share price −0.7% over the past month.

Below-average quality, and screening another 37% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (₹1,331). The favourable scenario is already priced in.
  • Weak quality (30/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
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Price vs Fair Value (9 months)

₹2,197 ₹1,316 Fair Value ₹1,331 Nov 2025 Aug 2026

White line = price, green steps = our fair value per fiscal year. As of Jul 19, 2026.

How to read this chart

9‑month range ₹1,316 – ₹2,197 · fair‑value band ₹998.41 – ₹1,331 · the ₹2,110 price screens above the ₹1,331 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Jul 19, 2026.

Full chart & analysis →

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Analysis

Piramal Finance Limited (PIRAMALFIN) currently trades at ₹2,110, while our model-based Fair Value estimate is ₹1,331, implying the stock looks roughly 36.9% overvalued today. The Quality Score stands at 30/100 (below-average quality), in the Financial Services sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Piramal Finance Limited generated revenue of ₹52.0B at a net margin of 29.0%. Revenue declined 24.7% year over year. It earns a return on equity of 6.7%. Net debt stands at ₹757B. Fundamentals as of Jul 19, 2026

Our scenario range runs from ₹998.41 (bear case) to ₹1,331 (bull case); at ₹2,110, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades near its 52-week high and 67% above its 52-week low, currently above its 200-day average. For context, the median of 10 Financial Services peers we cover trades at -41% fair-value upside, at -37%, PIRAMALFIN screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Residual Income ₹979.52 ₹1,003 ₹999.28 76
P/E Multiple ₹648.97 ₹865.29 ₹1,082 63
P/B Multiple ₹848.65 ₹1,132 ₹1,414 55
All 7 models by family
DCF Models
Owner Earnings ₹525.94 ₹5,325 31
Earnings-Based
Graham-Dodd ₹452.61 ₹3,110 ₹4,361 54
Lynch FV ₹915.08 ₹1,307 ₹1,699 50
Multiples
P/E Multiple ₹648.97 ₹865.29 ₹1,082 63
P/B Multiple ₹848.65 ₹1,132 ₹1,414 55
Asset-Based
NCAV (Graham) ₹622.74 ₹834.48 ₹1,245 50
Economic Profit
Residual Income ₹979.52 ₹1,003 ₹999.28 76

Widest divergence: Earnings-Based (₹1,307) versus DCF Models (₹525.94). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) ₹52.0B
Revenue growth (YoY) -24.7%
Net margin 29.0%
Return on equity 6.7%
Free cash flow −₹160B FY2026
P/E ratio 28.7
More key figures
Operating margin -49.9%
EPS (TTM) ₹74.62
Dividend yield 0.5%
EPS growth (YoY) +244,130%
Net debt ₹757B FY2026

Figures from reported company fundamentals · as of Jul 19, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 30/100

Of which business quality 28 · Market factors (momentum, volatility) 72

Profitability 25
Margins and returns on capital today
Quality Growth 33
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 19
Balance sheet, leverage, solvency risk
Investment 33
Disciplined investing over empire-building
Low Volatility 59
Calm price path (market factor)
Momentum 67
Price trend over the last 3–12 months (market factor)
52W Momentum 94
Distance to the 52-week high (market factor)
Net Issuance 80
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Piramal Finance Limited, a housing finance company, provides financing solutions to corporate and private customers in India.

Full company description

Piramal Finance Limited, a housing finance company, provides financing solutions to corporate and private customers in India. It offers housing loans, such as home, construction, and home renovation and extension loan; business loans, which include working capital loan, loan against property and secured business loan, as well as loans for growing business, consolidate business needs, and professionals; and real estate financing, corporate finance, emerging corporate lending, and capital markets and advisory services. Piramal Finance Limited was formerly known as Piramal Capital & Housing Finance Limited and changed its name to Piramal Finance Limited in March 2022. The company was incorporated in 1984 and is based in Mumbai, India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Piramal Finance Limited reported revenue of ₹104B in FY2026 versus ₹45.6B in FY2022, a compound +22.8%/yr. Reported net income was ₹15.0B in FY2026, compounding +29.2%/yr from FY2022.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2026)
₹104B
Latest YoY
+16.3%
Avg. growth/yr (3Y)
+16.9%
Revenue +22.8%/yr
FY22 ₹45.6B
FY23 ₹65.0B
FY24 ₹65.7B
FY25 ₹89.2B
FY26 ₹104B
Net income +29.2%/yr
FY22 ₹5.4B
FY23 −₹74.0B
FY24 −₹19.8B
FY25 ₹4.9B
FY26 ₹15.0B

PIRAMALFIN screens 37% overvalued. Compare with Visa Inc →

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Cite: Fair Value Calculator (2026). "Piramal Finance Limited Fair Value". https://www.fairvalue-calculator.com/stock/PIRAMALFIN

Peer Group

Credit Services · 333 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 30 · Bottom 25%
Fair Value upside −37% · Below median
Return on equity (TTM) 5% · Below median
Return on assets 1% · Below median
Net margin (TTM) 29% · Above median
Operating margin (TTM) 4% · Bottom 25%
Revenue growth -57% · Bottom 25%
Dividend yield (TTM) 0.5% · Below median
Debt / equity 2.84× · Higher than 75% of peers

Valuation Multiples vs Credit Services median · lower = cheaper

P/E (TTM) 28.7× · Pricier than 75% of peers
P/B 1.72× · Pricier than median
P/S (TTM) 9.30× · Pricier than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 35
FUTURE 0 · sector 39
PAST 22 · sector 32
HEALTH 0 · sector 59
DIVIDEND 10 · sector 51

VALUE 0: the price sits above our fair-value range.

Insider activity: 42/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Credit Services stocks, each showing price versus our Fair Value estimate (as of Jul 19, 2026).

Stock Price Fair Value vs Fair Value
Visa Inc V $348.97 $204.19 -41%
Mastercard Incorporated MA $537.70 $221.87 -59%
American Express Company AXP $358.44 $206.40 -42%
Bajaj Finance Limited BAJFINANCE ₹1,056 ₹397.61 -62%
Shriram Finance Limited SHRIRAMFIN ₹1,024 ₹553.83 -46%
Cholamandalam Investment and Finance Company CHOLAFIN ₹1,808 ₹796.52 -56%
Tata Capital Limited TATACAP ₹360.60 ₹229.85 -36%
Power Finance Corporation PFC ₹405.10 ₹810.20 +100%
Muthoot Finance Limited MUTHOOTFIN ₹3,129 ₹3,463 +11%
Indian Railway Finance Corporation IRFC ₹88.41 ₹69.72 -21%

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Frequently asked questions

Is Piramal Finance Limited (PIRAMALFIN) overvalued or undervalued?
As of Jul 19, 2026, our model estimates a fair value of ₹1,331 versus a price of ₹2,110, about −37% (overvalued).
What is the fair value of PIRAMALFIN?
Our model-based fair value for Piramal Finance Limited is ₹1,331 (as of Jul 19, 2026), built from audited fundamentals. The current price is ₹2,110.
What is the quality score of PIRAMALFIN?
Piramal Finance Limited has a Quality Score of 30/100. 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 revenue of Piramal Finance Limited (PIRAMALFIN)?
Piramal Finance Limited reported trailing-twelve-month revenue of about ₹52.0B (latest available figure, as of Jul 19, 2026).
What is the net profit margin of PIRAMALFIN?
The net profit margin of Piramal Finance Limited is about 29.0%, meaning it keeps roughly 29.0% of revenue as net income. Based on the latest reported figures.
Does Piramal Finance Limited pay a dividend?
Piramal Finance Limited currently shows a dividend yield of about 0.50% relative to its recent price (as of Jul 19, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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