About
Pioneer Investcorp Limited provides investment banking and advisory services in India. It offers a range of investment banking services, including merchant banking, corporate finance advisory and strategic alliance, debt syndication, structured transaction, and merger and acquisition advisory services, as well as private equity advisory services comprising venture and growth capital, structured finance, buyout/control transaction, and situation finance services. The company also provides institutional securities trading services for government securities, state development loans, non-SLR bonds, corporate bonds, and money market instruments; portfolio management services; and insurance and reinsurance advisory services, such as direct and retail insurance, as well as reinsurance. Pioneer Investcorp Limited was incorporated in 1984 and is based in Mumbai, India.
Key Metrics
as of Sep 2026Market Cap98 Cr
P/E6.88
Div Yield0.00 %
Book Value₹140.00
52w High₹136.00
52w Low₹59.40
Face Value₹10.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 6.70 | 3.90 | 11.93 | 15.57 | 15.31 | 9.91 | 9.66 | 8.00 | 8.64 | 11.45 | 8.43 | 7.34 | 8.35 |
| Expenses | 5.07 | 7.15 | 4.59 | 7.72 | 8.43 | 7.96 | 5.57 | 7.06 | 5.10 | 8.63 | 5.47 | 5.07 | 5.26 |
| Operating Profit | 1.63 | -3.25 | 7.34 | 7.85 | 6.88 | 1.95 | 4.09 | 0.94 | 3.54 | 2.82 | 2.96 | 2.27 | 3.09 |
| OPM % | 24.33 | -83.33 | 61.53 | 50.42 | 44.94 | 19.68 | 42.34 | 11.75 | 40.97 | 24.63 | 35.11 | 30.93 | 37.01 |
| Other Income | 3.22 | 9.73 | 1.49 | 0.82 | 1.72 | 7.07 | 0.82 | 3.87 | 2.67 | 6.88 | 0.21 | 0.02 | 0.11 |
| Depreciation | 0.24 | 0.26 | 0.25 | 0.17 | 0.17 | 0.39 | 0.20 | 0.23 | 0.24 | 0.28 | 0.27 | 0.26 | 0.25 |
| Interest | 2.29 | 3.69 | 2.23 | 2.39 | 4.02 | 3.83 | 3.01 | 4.10 | 2.26 | 4.01 | 2.50 | 1.82 | 2.32 |
| Profit before tax | 2.32 | 2.53 | 6.35 | 6.11 | 4.41 | 4.80 | 1.70 | 0.48 | 3.71 | 5.41 | 0.40 | 0.21 | 0.63 |
| Tax % | 14.66 | 33.60 | 9.29 | 20.79 | 18.14 | 40.83 | 12.35 | 41.67 | 11.32 | 38.45 | 27.50 | 47.62 | 49.21 |
| Net Profit | 1.98 | 1.69 | 5.76 | 4.85 | 3.61 | 2.84 | 1.49 | 0.28 | 3.29 | 3.34 | 0.30 | 0.11 | 0.32 |
| EPS in Rs | 1.61 | 1.37 | 4.68 | 3.94 | 2.94 | 2.31 | 1.21 | 0.23 | 2.68 | 2.72 | 0.24 | 0.09 | 0.26 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 47.00 | 47.00 | 41.00 | 32.00 | 36.00 | 31.00 | 43.00 | 38.00 | 40.00 | 63.00 | 25.00 | 34.00 |
| Expenses | 27.00 | 24.00 | 24.00 | 21.00 | 20.00 | 19.00 | 26.00 | 28.00 | 31.00 | 24.00 | 18.00 | 17.00 |
| Operating Profit | 20.00 | 23.00 | 17.00 | 11.00 | 16.00 | 12.00 | 17.00 | 10.00 | 9.00 | 39.00 | 8.00 | 17.00 |
| OPM % | 42.00 | 49.00 | 40.00 | 34.00 | 44.00 | 40.00 | 39.00 | 27.00 | 23.00 | 62.00 | 31.00 | 50.00 |
| Other Income | 13.00 | 3.00 | 2.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest | 12.00 | 14.00 | 11.00 | 7.00 | 10.00 | 8.00 | 11.00 | 8.00 | 7.00 | 13.00 | 8.00 | 9.00 |
| Depreciation | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| Profit before tax | 19.00 | 11.00 | 7.00 | 4.00 | 5.00 | 3.00 | 5.00 | 2.00 | 1.00 | 25.00 | -1.00 | 8.00 |
| Tax % | 18.00 | 26.00 | 39.00 | 43.00 | 25.00 | 68.00 | 38.00 | -4.00 | 74.00 | 30.00 | -35.00 | 18.00 |
| Net Profit | 16.00 | 8.00 | 4.00 | 2.00 | 4.00 | 1.00 | 3.00 | 2.00 | 0.00 | 18.00 | -1.00 | 6.00 |
| EPS in Rs | 12.94 | 6.42 | 3.31 | 1.68 | 3.03 | 0.72 | 2.53 | 1.57 | 0.26 | 14.48 | -0.69 | 5.04 |
| Dividend Payout % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 13.00 | 13.00 | 13.00 | 13.00 | 13.00 | 13.00 | 13.00 | 13.00 | 13.00 | 13.00 | 13.00 | 13.00 |
| Reserves | 159.00 | 143.00 | 135.00 | 126.00 | 124.00 | 119.00 | 117.00 | 112.00 | 110.00 | 113.00 | 96.00 | 96.00 |
| Borrowings | 109.00 | 143.00 | 108.00 | 84.00 | 51.00 | 103.00 | 42.00 | 73.00 | 46.00 | 50.00 | 34.00 | 66.00 |
| Other Liabilities | 136.00 | 150.00 | 149.00 | 24.00 | 16.00 | 8.00 | 9.00 | 9.00 | 10.00 | 20.00 | 8.00 | 18.00 |
| Total Liabilities | 417.00 | 449.00 | 406.00 | 248.00 | 205.00 | 243.00 | 182.00 | 207.00 | 179.00 | 197.00 | 151.00 | 193.00 |
| Fixed Assets | 8.00 | 5.00 | 5.00 | 4.00 | 5.00 | 5.00 | 6.00 | 5.00 | 4.00 | 3.00 | 2.00 | 3.00 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 127.00 | 122.00 | 119.00 | 18.00 | 18.00 | 16.00 | 16.00 | 17.00 | 16.00 | 15.00 | 4.00 | 7.00 |
| Other Assets | 282.00 | 322.00 | 282.00 | 226.00 | 182.00 | 222.00 | 160.00 | 186.00 | 158.00 | 179.00 | 145.00 | 183.00 |
| Total Assets | 417.00 | 449.00 | 406.00 | 248.00 | 205.00 | 243.00 | 182.00 | 207.00 | 179.00 | 197.00 | 151.00 | 193.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 68.00 | -25.00 | -23.00 | -30.00 | 68.00 | -55.00 | 32.00 | -12.00 | 17.00 | 10.00 | 29.00 | 10.00 |
| Cash from Investing Activity | -25.00 | 5.00 | 6.00 | 1.00 | -2.00 | 1.00 | 6.00 | -1.00 | -1.00 | -11.00 | 5.00 | 1.00 |
| Cash from Financing Activity | -46.00 | 21.00 | 11.00 | 26.00 | -62.00 | 52.00 | -43.00 | 20.00 | -12.00 | 3.00 | -40.00 | -7.00 |
| Net Cash Flow | -3.00 | 1.00 | -6.00 | -2.00 | 5.00 | -2.00 | -5.00 | 7.00 | 4.00 | 1.00 | -6.00 | 4.00 |
| Free Cash Flow | 64.00 | -25.00 | -24.00 | -30.00 | 67.00 | -55.00 | 30.00 | -12.00 | 15.00 | 9.00 | 29.00 | 10.00 |
| CFO/OP % | 358.00 | -98.00 | -132.00 | -258.00 | 437.00 | -438.00 | 194.00 | -103.00 | 189.00 | 48.00 | 387.00 | 63.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 928.00 | 1,043.00 | 1,240.00 | 1,660.00 | 1,044.00 | 1,397.00 | 1,130.00 | 1,027.00 | 925.00 | 569.00 | 1,350.00 | 1,131.00 |
| Cash Conversion Cycle | 928.00 | 1,043.00 | 1,240.00 | 1,660.00 | 1,044.00 | 1,397.00 | 1,130.00 | 1,027.00 | 925.00 | 569.00 | 1,350.00 | 1,131.00 |
| Working Capital Days | 448.00 | 838.00 | 686.00 | 2,113.00 | 1,488.00 | 2,347.00 | 1,142.00 | 929.00 | 801.00 | 559.00 | 1,182.00 | 824.00 |
| ROCE % | 11.00 | 9.00 | 7.00 | 5.00 | 7.00 | 6.00 | 8.00 | 5.00 | 5.00 | 24.00 | 5.00 | 10.00 |
Corporate Actions
5 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Dividend | 30 Aug 2012 | — | — | 0.50 | |
| Dividend | 21 Jul 2011 | — | — | 1.00 | |
| Dividend | 05 Aug 2010 | — | — | 1.00 | |
| Dividend | 12 Aug 2008 | — | — | 1.50 | |
| Dividend | 13 Sep 2007 | — | — | 1.50 |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update10 Dec 2025 from infomerics
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Rating update13 Sep 2024 from infomerics
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Rating update19 Mar 2024 from infomerics
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Rating update24 Jan 2023 from infomerics
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Rating update8 Jul 2022 from infomerics
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Rating update29 Mar 2022 from care