Time period given by analyst is one year when Piramal Enterprises Ltd. price can reach defined target.
Piramal Enterprises Ltd., incorporated in the year 1947, is a Large Cap company (having a market cap of Rs 62744.69 Crore) operating in Diversified sector.
Piramal Enterprises Ltd. key Products/Revenue Segments include Interest, Pharmaceuticals, Income From Financial Services, Dividend, Other Operating Revenue for the year ending 31-Mar-2021.
Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 3011.60 Crore, down -15.55 % from last quarter Total Income of Rs 3565.98 Crore and up .29 % from last year same quarter Total Income of Rs 3002.80 Crore. Company reported net profit after tax of Rs 368.45 Crore in latest quarter.
Investment Rationale
Piramal Capital and Housing Finance (PCHFL) discharging the consideration to Dewan Housing Finance (DHFL) creditors with 46% recovery run-rate pursuant to resolution plan is on expected lines. Successful bidding, timely regulatory approvals and improving visibility towards building a diversified book (through DHFL acquisitions), coupled with stable stress in wholesale segment, have triggered re-rating of its financial services business. Detailed financials will be disclosed post the completion of review by auditors. Proportion of ‘high risk’ and ‘medium risk’ in DHFL’s retail portfolio and the extent of mark-down of wholesale portfolio will be known then. The brokerage maintains HOLD factoring that can further drive up valuation: i) Optional value of utilisation of unallocated equity, ii) demerger of financial services and pharma business.
Promoter/FII Holdings
Promoters held 43.5 per cent stake in the company as of June 30, 2021, while FIIs held 33.3 per cent, DIIs 9.8 per cent and public and others 13.4 per cent.
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