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Pilani Investment and Industries Corporation Limited (PILANIINVS) Report Analysis

Corporate Events

Neutral

Pilani Investment and Industries Corporation Li...

2022-11-05 09:33:00

Pilani Investment and Industries Corporation Limited announced that they will report Q2, 2023 results at 4:00 PM, Indian Standard Time on Nov 12, 2022

Neutral

Pilani Investment and Industries Corporation Li...

2022-11-05 09:33:00

Pilani Investment and Industries Corporation Limited, Board Meeting, Nov 12, 2022, at 16:30 Indian Standard Time. Agenda: To consider and appr...

Positive

Pilani Investment and Industries Corporation Li...

2022-08-01 19:10:00

Pilani Investment and Industries Corporation Limited, 15.0 (INR), Cash Dividend, Sep-01-2022

Neutral

Pilani Investment and Industries Corporation Li...

2022-08-01 06:57:00

Pilani Investment and Industries Corporation Limited - Shareholder/Analyst Call

Neutral

Pilani Investment and Industries Corporation Li...

2022-08-01 06:57:00

Pilani Investment and Industries Corporation Limited, Annual General Meeting, Sep 09, 2022, at 16:00 Indian Standard Time. Agenda: To receive,...

Neutral

Pilani Investment and Industries Corporation Li...

2022-07-30 06:35:00

Pilani Investment and Industries Corporation Limited announced that they will report Q1, 2023 results on Aug 08, 2022

Neutral

Pilani Investment and Industries Corporation Li...

2022-07-30 06:35:00

Pilani Investment and Industries Corporation Limited, Board Meeting, Aug 08, 2022, at 16:00 Indian Standard Time. Agenda: To consider and appr...

Positive

Pilani Investment and Industries Corporation Li...

2022-07-13 09:51:00

Pilani Investment and Industries Corporation Limited announced that the Board of Directors at their Meeting held on 27th May, 2022 has recomme...

Positive

Pilani Investment and Industries Corporation Li...

2022-05-27 11:26:00

Pilani Investment and Industries Corporation Limited at its board meeting held on May 27, 2022 recommended final dividend of INR 15 per share ...

Neutral

Pilani Investment and Industries Corporation Li...

2022-05-13 10:31:00

Pilani Investment and Industries Corporation Limited, Board Meeting, May 27, 2022, at 16:00 Indian Standard Time. Agenda: To consider and appr...

Neutral

Pilani Investment and Industries Corporation Li...

2022-05-13 10:31:00

Pilani Investment and Industries Corporation Limited announced that they will report Q4, 2022 results on May 26, 2022

Positive

Anupam Rasayan India Limited (BSE:543275) signe...

2022-02-01 00:00:00

Anupam Rasayan India Limited (BSE:543275) signed a share purchase agreement to acquire 24.96% stake in Tanfac Industries Limited (BSE:506854) ...

Neutral

Pilani Investment and Industries Corporation Li...

2022-01-31 05:15:00

Pilani Investment and Industries Corporation Limited announced that they will report Q3, 2022 results on Feb 09, 2022

Neutral

Pilani Investment and Industries Corporation Li...

2022-01-31 05:15:00

Pilani Investment and Industries Corporation Limited, Board Meeting, Feb 09, 2022, at 16:00 Indian Standard Time. Agenda: To consider and appr...

Negative

Pilani Investment and Industries Corporation Li...

2022-01-21 11:36:00

Pilani Investment and Industries Corporation Limited announced through postal ballot the shareholders approved the appointment of M/s Kothari ...

Neutral

Pilani Investment and Industries Corporation Limited to Report Q2, 2023 Results on Nov 12, 2022

2022-11-05 09:33:00

Pilani Investment and Industries Corporation Limited announced that they will report Q2, 2023 results at 4:00 PM, Indian Standard Time on Nov 12, 2022

Neutral

Pilani Investment and Industries Corporation Limited, Board Meeting, Nov 12, 2022

2022-11-05 09:33:00

Pilani Investment and Industries Corporation Limited, Board Meeting, Nov 12, 2022, at 16:30 Indian Standard Time. Agenda: To consider and approve the Unaudited Financial Results (Standalone and Consolidated) of the Company for the quarter and half year ended September 30, 2022.

Positive

Pilani Investment and Industries Corporation Limited, 15.0 (INR), Cash Dividend, Sep-01-2022

2022-08-01 19:10:00

Pilani Investment and Industries Corporation Limited, 15.0 (INR), Cash Dividend, Sep-01-2022

Neutral

Pilani Investment and Industries Corporation Limited - Shareholder/Analyst Call

2022-08-01 06:57:00

Pilani Investment and Industries Corporation Limited - Shareholder/Analyst Call

Neutral

Pilani Investment and Industries Corporation Limited, Annual General Meeting, Sep 09, 2022

2022-08-01 06:57:00

Pilani Investment and Industries Corporation Limited, Annual General Meeting, Sep 09, 2022, at 16:00 Indian Standard Time. Agenda: To receive, consider and adopt the Audited Financial Statements of the Company (including Audited Consolidated Financial Statements) for the Financial Year ended March 31, 2022; to declare dividend on Equity Shares for the year ended March 31, 2022; to appoint a Director in place of Smt. Rajashree Birla (DIN: 00022995) who retires from office by rotation, but being eligible, offers herself for re-appointment; to re-appoint the Statutory Auditors and fix their remuneration; and to consider other issues.

Neutral

Pilani Investment and Industries Corporation Limited to Report Q1, 2023 Results on Aug 08, 2022

2022-07-30 06:35:00

Pilani Investment and Industries Corporation Limited announced that they will report Q1, 2023 results on Aug 08, 2022

Neutral

Pilani Investment and Industries Corporation Limited, Board Meeting, Aug 08, 2022

2022-07-30 06:35:00

Pilani Investment and Industries Corporation Limited, Board Meeting, Aug 08, 2022, at 16:00 Indian Standard Time. Agenda: To consider and approve the Unaudited Financial Results (Standalone and Consolidated) of the Company for the quarter ended 30th June, 2022.

Positive

Pilani Investment and Industries Corporation Limited Recommends Dividend for Year Ended 31 March, 2022

2022-07-13 09:51:00

Pilani Investment and Industries Corporation Limited announced that the Board of Directors at their Meeting held on 27th May, 2022 has recommended a Dividend of INR 15 per Equity Share of INR 10 each (150%) for the Financial Year ended 31st March, 2022 and the said Dividend will be payable post approval of the shareholders at the upcoming Annual General Meeting of the Company.

Positive

Pilani Investment and Industries Corporation Limited Recommends Final Dividend for the Financial Year Ended March 31, 2022

2022-05-27 11:26:00

Pilani Investment and Industries Corporation Limited at its board meeting held on May 27, 2022 recommended final dividend of INR 15 per share for the financial year ended March 31, 2022, subject to approval at annual general meeting.

Neutral

Pilani Investment and Industries Corporation Limited, Board Meeting, May 27, 2022

2022-05-13 10:31:00

Pilani Investment and Industries Corporation Limited, Board Meeting, May 27, 2022, at 16:00 Indian Standard Time. Agenda: To consider and approve the Audited Financial Results of the Company for the quarter and year ended 31st March, 2022; and to consider recommend dividend on Equity Shares, if any.

Neutral

Pilani Investment and Industries Corporation Limited to Report Q4, 2022 Results on May 26, 2022

2022-05-13 10:31:00

Pilani Investment and Industries Corporation Limited announced that they will report Q4, 2022 results on May 26, 2022

Positive

Anupam Rasayan India Limited (BSE:543275) signed a share purchase agreement to acquire 24.96% stake in Tanfac Industries Limited (BSE:506854) from Pilani Investment and Industries Corporation Limited (NSEI:PILANIINVS), Birla Group Holdings Private Limited and Askaran Aggrawal for INR 1.5 billion.

2022-02-01 00:00:00

Anupam Rasayan India Limited (BSE:543275) signed a share purchase agreement to acquire 24.96% stake in Tanfac Industries Limited (BSE:506854) from Pilani Investment and Industries Corporation Limited (NSEI:PILANIINVS), Birla Group Holdings Private Limited and Askaran Aggrawal for INR 1.5 billion on February 1, 2022. As per terms, Anupam Rasayan will acquire 2.489 million shares at INR 595 per share. In a related transaction, Anupam Rasayan has made an offer to acquire additional 26% stake in Tanfac Industries Limited. Post completion, Anupam Rasayan will make a joint venture with Tamil Nadu Industrial Development Corporation Limited for Tanfac. Arindam Ghosh, Mehul Shah of Khaitan & Co. acted as legal advisor to Pilani Investment and Industries Corporation Limited and Birla Group Holdings Private Limited.

Neutral

Pilani Investment and Industries Corporation Limited to Report Q3, 2022 Results on Feb 09, 2022

2022-01-31 05:15:00

Pilani Investment and Industries Corporation Limited announced that they will report Q3, 2022 results on Feb 09, 2022

Neutral

Pilani Investment and Industries Corporation Limited, Board Meeting, Feb 09, 2022

2022-01-31 05:15:00

Pilani Investment and Industries Corporation Limited, Board Meeting, Feb 09, 2022, at 16:00 Indian Standard Time. Agenda: To consider and approve the Unaudited Financial Results (Standalone and Consolidated) of the Company for the quarter and nine months ended 31 December, 2021.

Negative

Pilani Investment and Industries Corporation Limited Approves Appointment of M/S Kothari & Co. as Statutory Auditors

2022-01-21 11:36:00

Pilani Investment and Industries Corporation Limited announced through postal ballot the shareholders approved the appointment of M/s Kothari & Co., Chartered Accountants as the statutory auditors of the company.

Fundamental Summary

Pilani published concerning results on 2014-05-27. Their growth, value, and income factors performance indicate that company management are not executing well their business plan. These results suggest a challenging future for Pilani's stock. Therefore, Pilani earned a score of 51 and a UNDERPERFORM recommendation.

Pilani reported earnings results for the second quarter and six months ended September 30, 2022. For the second quarter, the company reported revenue was INR 1,123.73 million compared to INR 979.7 million a year ago. Net income was INR 893.34 million compared to INR 791.24 million a year ago. Basic earnings per share from continuing operations was INR 80.68 compared to INR 71.46 a year ago. Diluted earnings per share from continuing operations was INR 80.68 compared to INR 71.46 a year ago.For the six months, revenue was INR 1,721.22 million compared to INR 1,531.09 million a year ago. Net income was INR 1,348.09 million compared to INR 1,141.36 million a year ago. Basic earnings per share from continuing operations was INR 121.75 compared to INR 103.08 a year ago. Diluted earnings per share from continuing operations was INR 121.75 compared to INR 103.08 a year ago.

Sector Overview

Pilani is included in the Capital Markets according to GICS (global industry classification standard). The Capital Markets industry is part of the Financials sector. It includes companies that engage in Diversified Capital Markets, Investment Banking & Brokerage, Asset Management & Custody Banks. Pilani's industry and sector affiliation are expected to positively boost their relative likelihood to overperform the market looking forward, as they should benefit significantly from the macroeconomic environment we see now.

Fundamental Highlights


Parameter Value Change Score
Assets 12.9B -6.3% 89
Liabilities 278.5M 2.3% 66
Price to Book 0.7 -14.9% 46
Cash & Equivalents 66.6M 1135.7% 92
Equity 12.6B -6.5% 70
EBITDA 453.5M -74.1% 65
Parameter Value Change Score
Total Revenues 481.8M -72.9% 38
Return on Equity -4.7 -147.7% 46
Net Cashflow 61.2M 3739.6% 62
Asset Turnover 0.0 -73.1% 68
Free Cashflow Per Share 25.7 25.0% 61
* All values are TTM

The below chart reflects Pilani's birds-eye view on its performance with respect to its peers, the company's fillings as reported or to a similar industry, market cap, and country of origin. While Pilani's peer average final assessment score stands on 68, Pilani's score is 51.

  •  PILANIINVS
  •  Peers average
Name Market Cap Balance Sheet Income Statement Cash Flow Rating Final Assessment mc_sort Hidden
VLS Finance Limited 5.2B 79 70 64
Hold
75
75 0 1
Consolidated Finvest & Holdings Limited 4.4B 69 55 59
Hold
63
63 1 1
N.B.I. Industrial Finance Company Limited 4.2B 50 80 68
Underperform
59
59 2 1
Wealth First Portfolio Managers Limited 3.1B 85 50 66
Hold
72
72 3 1
Inventure Growth & Securities Limited 2.4B 87 49 91
Hold
76
76 4 1
BLB Limited 1.1B 90 78 67
Strong Buy
87
87 5 1
Steel City Securities Limited 910.2M 66 60 68
Hold
64
64 6 1
Nalwa Sons Investments Limited 12.3B 56 77 67
Hold
65
65 7 1
Monarch Networth Capital Limited 12.0B 52 71 68
Underperform
55
55 8 1
Dolat Algotech Limited 11.9B 82 45 76
Hold
71
71 9 1
UGRO Capital Limited 11.4B 82 70 68
Hold
78
78 10 1
Geojit Financial Services Limited 11.3B 74 83 65
Buy
79
79 11 1
PNB Gilts Ltd. 11.3B 68 82 55
Hold
68
68 12 1
BF Investment Limited 10.9B 64 64 66
Hold
63
63 13 1
Centrum Capital Limited 10.7B 85 64 88
Buy
81
81 14 1
5paisa Capital Limited 9.6B 85 58 81
Hold
76
76 15 1
Dhunseri Ventures Limited 9.1B 91 76 58
Buy
85
85 16 1
Kalyani Investment Company Limited 8.2B 75 71 85
Hold
77
77 17 1
Arihant Capital Markets Limited 7.0B 87 80 66
Buy
86
86 18 1
Summit Securities Limited 6.9B 44 62 87
Underperform
51
51 19 1
Nahar Capital and Financial Services Limited 5.6B 70 54 67
Hold
63
63 20 1
Jindal Poly Investment and Finance Company Limited 5.3B 60 44 81
Underperform
55
55 21 1
The Investment Trust of India Limited 5.0B 55 84 65
Hold
66
66 22 1
Mahanivesh (India) Limited 4.5B 58 40 71
Underperform
46
46 23 1
Dhunseri Investments Limited 4.5B 46 72 76
Underperform
54
54 24 1
Kiran Vyapar Limited 4.0B 82 79 58
Buy
80
80 25 1
Swiss Military Consumer Goods Limited 3.7B 42 64 78
Underperform
50
50 26 1
Aditya Birla Money Limited 3.5B 88 81 75
Strong Buy
88
88 27 1
Jindal Photo Limited 3.5B 77 57 75
Hold
73
73 28 1
SIL Investments Limited 3.3B 64 55 81
Hold
61
61 29 1
Prime Securities Limited 3.2B 58 76 53
Underperform
58
58 30 1
Industrial & Prudential Investment Company Limited 3.2B 89 68 87
Buy
85
85 31 1
Indo Thai Securities Limited 3.2B 64 42 42
Underperform
51
51 32 1
Jaykay Enterprises Limited 3.0B 58 58 76
Hold
61
61 33 1
Systematix Corporate Services Limited 3.0B 77 93 75
Buy
86
86 34 1
Master Trust Limited 2.7B 78 64 50
Hold
70
70 35 1
STEL Holdings Limited 2.6B 80 55 45
Hold
67
67 36 1
IL&FS Investment Managers Limited 2.4B 73 57 79
Hold
69
69 37 1
ABans Enterprises Limited 2.4B 52 78 76
Hold
62
62 38 1
Quest Capital Markets Limited 2.1B 96 48 74
Hold
78
78 39 1
Almondz Global Securities Limited 2.0B 87 50 68
Hold
73
73 40 1
Industrial Investment Trust Limited 2.0B 74 62 71
Hold
70
70 41 1
Shardul Securities Limited 1.9B 59 61 81
Underperform
60
60 42 1
Emkay Global Financial Services Limited 1.8B 82 90 70
Strong Buy
88
88 43 1
Avonmore Capital & Management Services Limited 1.7B 69 79 70
Hold
73
73 44 1
Bombay Oxygen Investments Limited 1.7B 84 57 94
Hold
77
77 45 1
RSD Finance Limited 1.3B 78 49 54
Hold
65
65 46 1
Indbank Merchant Banking Services Limited 1.1B 54 73 53
Hold
62
62 47 1
LKP Finance Limited 1.1B 89 49 74
Hold
73
73 48 1
Welspun Investments and Commercials Limited 1.1B 83 60 50
Hold
72
72 49 1
LKP Securities Limited 1.1B 85 89 84
Strong Buy
92
92 50 1
Greencrest Financial Services Limited 994.2M 61 63 67
Hold
61
61 51 1
McDowell Holdings Limited 969.0M 73 57 51
Hold
63
63 52 1
DB (International) Stock Brokers Limited 899.5M 84 55 67
Hold
68
68 53 1
Shriram Asset Management Company Limited 881.7M 62 71 84
Hold
69
69 54 1
Global Capital Markets Limited 697.0M 55 50 80
Underperform
52
52 55 1
NCL Research & Financial Services Limited 556.6M 66 85 92
Strong Buy
87
87 56 1
Intellivate Capital Ventures Limited 500.4M 73 70 79
Buy
80
80 57 1
GCM Securities Limited 476.8M 48 85 76
Hold
65
65 58 1
Pioneer Investcorp Limited 466.7M 73 65 64
Hold
72
72 59 1
Wallfort Financial Services Ltd. 457.2M 71 46 63
Hold
61
61 60 1
Yamini Investments Company Limited 441.6M 46 54 59
Underperform
45
45 61 1
HB Stockholdings Limited 420.4M 75 66 67
Hold
71
71 62 1
Pro Fin Capital Services Ltd. 398.5M 81 43 63
Hold
62
62 63 1
HB Portfolio Limited 378.9M 64 47 88
Underperform
60
60 64 1
Cni Research Limited 311.1M 97 59 60
Hold
77
77 65 1
Odyssey Corporation Limited 291.9M 79 76 88
Buy
86
86 66 1
Monotype India Limited 225.0M 62 64 49
Underperform
52
52 67 1
Stampede Capital Limited 209.0M 37 69 82
Underperform
53
53 68 1
BFL Asset Finvest Limited 207.6M 70 58 66
Hold
63
63 69 1
Onelife Capital Advisors Limited 181.7M 78 67 51
Hold
65
65 70 1
AF Enterprises Limited 171.1M 72 82 63
Hold
75
75 71 1
Esaar (India) Limited 148.2M 69 62 69
Hold
71
71 72 1
Cubical Financial Services Limited 117.3M 60 57 99
Hold
71
71 73 1
Goenka Business & Finance Limited 109.2M 62 89 50
Hold
66
66 74 1
Alka Securities Limited 85.4M 91 86 61
Strong Buy
90
90 75 1
Gemstone Investments Limited 75.5M 82 96 85
Strong Buy
98
98 76 1
Confidence Finance and Trading Limited 73.9M 68 68 76
Hold
76
76 77 1
Essar Securities Limited 72.9M 79 50 88
Hold
74
74 78 1
Jackson Investments Limited 55.2M 43 72 77
Underperform
58
58 79 1
Mathew Easow Research Securities Limited 38.5M 59 55 60
Underperform
51
51 80 1

Macro Environment

Neutral
60

Typically, the stock market in India will react to recent economic events, as well as be influenced by the sentiment in other major economies around the world, such as the United States, European Union, and China. Our assessment is that these two events may influence global market sentiment. On the negative side we have the tensions between taiwan and china, and on the positive side we have the end of COVID-19 pandemic.

Positive end of COVID-19 pandemic

The World Health Organization issued six policy briefs outlining essential steps governments could take to stop the pandemic. The briefings, which are based on evidence and experience from the previous 32 months, provide guidance on how to save lives, protect health systems, and minimize social and economic disruption.

Negative tensions between taiwan and china

The tensions between Taiwan and China have spiked following Nancy Pelosi's visit to Taipei. China staged war games near Taiwan to express its anger at what it saw as stepped-up U.S. support for the island Beijing views as sovereign Chinese territory. Because Taiwan produces the majority of the world's semiconductors, which are used in every electronic device today, a war between China and Taiwan might be catastrophic for the global economy.

Besides the events we mentioned, there are also specific events related to the Diversified Financials industry of which Pilani Investment and Industries Corporation Limited is a part. As a result, we believe that the rising interest rate is a positive event that will continue to support the industry in the future, whereas the rising inflation may cloud the sector's shares.

Positive rising interest rate

From a historical point of view, the finance sector functions well when interest rates are rising, mainly due to the increase in loan repayments from lenders. Also, insurers often reinvest policyholder premiums into bond instruments, allowing them to profit when Treasury yields increase.

Negative rising inflation

The sudden increase in inflation is generally regarded as the most painful since it takes companies several quarters to pass on higher input costs to consumers. Historically, companies traded in the Diversified Financials industry have been hit by high inflation times due to increased operating expenses and decreased revenues.

In considering the current macro environment and the risks that might affect Pilani Investment and Industries Corporation Limited stock, we came to the conclusion that recent events aren't likely to affect the company's performance in the short term, and thus rated Pilani Investment and Industries Corporation Limited macro environment with the score of 60.

Technical Analysis

When trying to optimize the timing of an investment, it's critical to analyze whether the stock looks overbought or oversold, and in which direction the momentum is moving. Pilani's stock is now priced above its 5-day, 50-day, and 200-day moving average, while its MACD (moving average convergence divergence) indicates that the stock's price movement momentum is strengthening. Historically, this is a positive setup in the near, medium, and long-term. In particular, many institutional investors keep close watch of the 200-day moving average. Meanwhile, looking at the Stochastic Oscillator and RSI (relative strength index), Pilani's stock appears overbought. Overall, these technical indicators signal positive upward momentum. Therefore, this stock received a cumulative TA (technical analysis) score of 73.

Bullish 73
Close Price 1914.5
52W Low 1515.75
52W High 2209.45
5D MA 1907.76
50D MA 1858.04
200D MA 1751.67
MACD 16.21
RSI 81.06
STOCH 76.3

Balance Sheet Analysis

A few key balance sheet metrics in this report were discouraging. Pilani's price to book ratio (P/B) was reported as 0.7 and represents -14.9% change from the previous report. This characteristic can affect companies in the same industry and market capitalization by up to 26.1%. The company's book value factors were lackluster and showed that management hasn't figured out how to overperform expectations. Consequently, their book value factors movement received a grade of 46. Also, Pilani's liabilities stood at 278.5M in the current filing, which represents a 2.3% change from the previous report. These liabilities metrics show that management has been unsuccessful in encouraging healthy growth while managing liabilities. Discouraging results like these statistically lead to negative movement in stock prices, so we rated their liabilities movement component 66. However, we can draw some encouragement from Pilani's momentum in Cash & Equivalents generation. Pilani reported a positive trendline in their cash and cash equivalents metrics. Specifically, they reported that cash and cash equivalents were 66.6M, representing 1135.7% change from the last report. This impressive growth, specifically in contrast to their industry peers' performance, should support an upswing in the company's stock price. Therefore, its cash and cash equivalents movement earned a score of 92. The company's balance sheet, Therefore, earned a score of 58.

Parameter Value Change Score
Assets 12.9B -6.3% 89
Liabilities 278.5M 2.3% 66
Price to Book 0.7 -14.9% 46
Cash & Equivalents 66.6M 1135.7% 92
Equity 12.6B -6.5% 70
* All values are TTM

The below chart describes Pilani's performance as reflected on its balance sheet with respect to its peers. While Pilani received a balance sheet score of 58, the average of its peers stands on 72.

  •  PILANIINVS
  •  Peers average
Name Market Cap Liabilities Movement Asset Change Equity/Intangibles Adjustments Cash & Equivalents Book Value Momentum Balance Sheet mc_sort Hidden
VLS Finance Limited 5.2B 79.0 72.0 89.0 71.0 69.0 79 0 1
Consolidated Finvest & Holdings Limited 4.4B 76.0 69.0 75.0 79.0 61.0 69 1 1
N.B.I. Industrial Finance Company Limited 4.2B 99.0 42.0 60.0 57.0 43.0 50 2 1
Wealth First Portfolio Managers Limited 3.1B 79.0 79.0 79.0 48.0 93.0 85 3 1
Inventure Growth & Securities Limited 2.4B 62.0 69.0 94.0 72.0 93.0 87 4 1
BLB Limited 1.1B 83.0 85.0 65.0 58.0 91.0 90 5 1
Steel City Securities Limited 910.2M 67.0 68.0 71.0 66.0 65.0 66 6 1
Nalwa Sons Investments Limited 12.3B 65.0 80.0 71.0 66.0 46.0 56 7 1
Monarch Networth Capital Limited 12.0B 66.0 69.0 48.0 63.0 47.0 52 8 1
Dolat Algotech Limited 11.9B 93.0 62.0 72.0 72.0 77.0 82 9 1
UGRO Capital Limited 11.4B 97.0 38.0 38.0 93.0 84.0 82 10 1
Geojit Financial Services Limited 11.3B 81.0 52.0 49.0 58.0 79.0 74 11 1
PNB Gilts Ltd. 11.3B 84.0 54.0 57.0 79.0 66.0 68 12 1
BF Investment Limited 10.9B 44.0 71.0 71.0 65.0 67.0 64 13 1
Centrum Capital Limited 10.7B 84.0 48.0 66.0 82.0 82.0 85 14 1
5paisa Capital Limited 9.6B 88.0 44.0 40.0 91.0 88.0 85 15 1
Dhunseri Ventures Limited 9.1B 88.0 51.0 65.0 62.0 91.0 91 16 1
Kalyani Investment Company Limited 8.2B 41.0 40.0 70.0 64.0 86.0 75 17 1
Arihant Capital Markets Limited 7.0B 78.0 54.0 66.0 57.0 88.0 87 18 1
Summit Securities Limited 6.9B 81.0 40.0 59.0 47.0 42.0 44 19 1
Nahar Capital and Financial Services Limited 5.6B 76.0 65.0 83.0 40.0 71.0 70 20 1
Jindal Poly Investment and Finance Company Limited 5.3B 81.0 51.0 69.0 54.0 62.0 60 21 1
The Investment Trust of India Limited 5.0B 56.0 71.0 41.0 62.0 60.0 55 22 1
Mahanivesh (India) Limited 4.5B 74.0 76.0 71.0 58.0 51.0 58 23 1
Dhunseri Investments Limited 4.5B 44.0 53.0 61.0 72.0 45.0 46 24 1
Kiran Vyapar Limited 4.0B 57.0 83.0 87.0 47.0 88.0 82 25 1
Swiss Military Consumer Goods Limited 3.7B 46.0 53.0 47.0 63.0 43.0 42 26 1
Aditya Birla Money Limited 3.5B 88.0 49.0 46.0 90.0 89.0 88 27 1
Jindal Photo Limited 3.5B 51.0 76.0 72.0 51.0 80.0 77 28 1
SIL Investments Limited 3.3B 40.0 85.0 70.0 81.0 61.0 64 29 1
Prime Securities Limited 3.2B 49.0 86.0 57.0 55.0 50.0 58 30 1
Industrial & Prudential Investment Company Limited 3.2B 77.0 58.0 66.0 81.0 87.0 89 31 1
Indo Thai Securities Limited 3.2B 58.0 80.0 47.0 72.0 68.0 64 32 1
Jaykay Enterprises Limited 3.0B 61.0 47.0 78.0 58.0 53.0 58 33 1
Systematix Corporate Services Limited 3.0B 60.0 88.0 51.0 82.0 88.0 77 34 1
Master Trust Limited 2.7B 58.0 90.0 47.0 76.0 90.0 78 35 1
STEL Holdings Limited 2.6B 53.0 91.0 49.0 74.0 94.0 80 36 1
IL&FS Investment Managers Limited 2.4B 52.0 63.0 69.0 84.0 73.0 73 37 1
ABans Enterprises Limited 2.4B 84.0 39.0 45.0 94.0 50.0 52 38 1
Quest Capital Markets Limited 2.1B 71.0 88.0 76.0 80.0 94.0 96 39 1
Almondz Global Securities Limited 2.0B 77.0 68.0 85.0 78.0 90.0 87 40 1
Industrial Investment Trust Limited 2.0B 69.0 71.0 46.0 56.0 80.0 74 41 1
Shardul Securities Limited 1.9B 50.0 68.0 72.0 62.0 60.0 59 42 1
Emkay Global Financial Services Limited 1.8B 82.0 50.0 48.0 56.0 88.0 82 43 1
Avonmore Capital & Management Services Limited 1.7B 56.0 79.0 55.0 68.0 80.0 69 44 1
Bombay Oxygen Investments Limited 1.7B 56.0 60.0 92.0 82.0 78.0 84 45 1
RSD Finance Limited 1.3B 60.0 76.0 91.0 41.0 84.0 78 46 1
Indbank Merchant Banking Services Limited 1.1B 44.0 81.0 74.0 66.0 49.0 54 47 1
LKP Finance Limited 1.1B 87.0 54.0 66.0 88.0 84.0 89 48 1
Welspun Investments and Commercials Limited 1.1B 37.0 97.0 81.0 39.0 98.0 83 49 1
LKP Securities Limited 1.1B 66.0 59.0 44.0 79.0 91.0 85 50 1
Greencrest Financial Services Limited 994.2M 55.0 81.0 79.0 65.0 51.0 61 51 1
McDowell Holdings Limited 969.0M 71.0 94.0 42.0 38.0 89.0 73 52 1
DB (International) Stock Brokers Limited 899.5M 92.0 49.0 73.0 69.0 80.0 84 53 1
Shriram Asset Management Company Limited 881.7M 51.0 58.0 70.0 61.0 65.0 62 54 1
Global Capital Markets Limited 697.0M 48.0 79.0 71.0 78.0 53.0 55 55 1
NCL Research & Financial Services Limited 556.6M 66.0 51.0 82.0 97.0 66.0 66 56 1
Intellivate Capital Ventures Limited 500.4M 64.0 64.0 93.0 90.0 72.0 73 57 1
GCM Securities Limited 476.8M 65.0 51.0 54.0 60.0 66.0 48 58 1
Pioneer Investcorp Limited 466.7M 48.0 80.0 49.0 67.0 83.0 73 59 1
Wallfort Financial Services Ltd. 457.2M 68.0 60.0 81.0 71.0 69.0 71 60 1
Yamini Investments Company Limited 441.6M 70.0 50.0 54.0 79.0 41.0 46 61 1
HB Stockholdings Limited 420.4M 80.0 63.0 92.0 59.0 65.0 75 62 1
Pro Fin Capital Services Ltd. 398.5M 66.0 79.0 75.0 41.0 89.0 81 63 1
HB Portfolio Limited 378.9M 54.0 63.0 63.0 68.0 66.0 64 64 1
Cni Research Limited 311.1M 71.0 86.0 97.0 42.0 85.0 97 65 1
Odyssey Corporation Limited 291.9M 71.0 53.0 95.0 41.0 99.0 79 66 1
Monotype India Limited 225.0M 71.0 57.0 62.0 86.0 41.0 62 67 1
Stampede Capital Limited 209.0M 40.0 45.0 62.0 95.0 37.0 37 68 1
BFL Asset Finvest Limited 207.6M 85.0 71.0 54.0 59.0 75.0 70 69 1
Onelife Capital Advisors Limited 181.7M 70.0 55.0 89.0 85.0 67.0 78 70 1
AF Enterprises Limited 171.1M 56.0 93.0 41.0 72.0 85.0 72 71 1
Esaar (India) Limited 148.2M 70.0 56.0 95.0 90.0 56.0 69 72 1
Cubical Financial Services Limited 117.3M 67.0 68.0 53.0 42.0 71.0 60 73 1
Goenka Business & Finance Limited 109.2M 79.0 70.0 47.0 61.0 52.0 62 74 1
Alka Securities Limited 85.4M 86.0 93.0 66.0 68.0 90.0 91 75 1
Gemstone Investments Limited 75.5M 72.0 59.0 93.0 95.0 62.0 82 76 1
Confidence Finance and Trading Limited 73.9M 67.0 70.0 43.0 79.0 79.0 68 77 1
Essar Securities Limited 72.9M 68.0 61.0 87.0 87.0 82.0 79 78 1
Jackson Investments Limited 55.2M 63.0 61.0 44.0 42.0 55.0 43 79 1
Mathew Easow Research Securities Limited 38.5M 73.0 54.0 52.0 74.0 44.0 59 80 1

Income Statement Analysis

Pilani's income statement factors had several troubling metrics this period. Pilani reported discouraging numbers for its revenue efficiency. As of the current filing, they were reported as 481.8M and represented -72.9% change from the previous period. This metric might have a 1.5 percent impact on companies in the same industry and with the same market capitalization. Its uninspiring revenue efficiency is even more concerning relative to its peers and competitors in the current market. Consequently, their revenue efficiency received a grade of 38. At the same time, one income statment metric, EBITDA, was actually strongly positive. Pilani reported impressive EBITDA this period. At filing, EBITDA was reported as 453.5M, representing -74.1% change from the previous period. Companies in the same industry and market capitalization are typically affected by this parameter by up to 3.8%. The company is headed in the right direction regarding EBITDA, exhibiting efficient capital controls and strong overall financial performance. Therefore, its EBITDA component earned a score of 65. Therefore, it received a cautionary score of 55.

Parameter Value Change Score
EBITDA 453.5M -74.1% 65
Total Revenues 481.8M -72.9% 38
Return on Equity -4.7 -147.7% 46
* All values are TTM

The below chart describes Pilani's performance as reflected on its income statement with respect to its peers. While Pilani received a income statement score of 55 , the average of its peers stands on 65.

  •  PILANIINVS
  •  Peers average
Name Market Cap Revenue Momentum Earning Movement Return Factors Momentum Income Statement mc_sort Hidden
VLS Finance Limited 5.2B 57.0 76.0 61.0 70 0 1
Consolidated Finvest & Holdings Limited 4.4B 38.0 65.0 46.0 55 1 1
N.B.I. Industrial Finance Company Limited 4.2B 51.0 76.0 83.0 80 2 1
Wealth First Portfolio Managers Limited 3.1B 69.0 47.0 61.0 50 3 1
Inventure Growth & Securities Limited 2.4B 69.0 58.0 52.0 49 4 1
BLB Limited 1.1B 76.0 75.0 88.0 78 5 1
Steel City Securities Limited 910.2M 49.0 64.0 61.0 60 6 1
Nalwa Sons Investments Limited 12.3B 79.0 79.0 70.0 77 7 1
Monarch Networth Capital Limited 12.0B 60.0 70.0 74.0 71 8 1
Dolat Algotech Limited 11.9B 49.0 44.0 45.0 45 9 1
UGRO Capital Limited 11.4B 95.0 77.0 50.0 70 10 1
Geojit Financial Services Limited 11.3B 81.0 78.0 84.0 83 11 1
PNB Gilts Ltd. 11.3B 92.0 81.0 77.0 82 12 1
BF Investment Limited 10.9B 54.0 65.0 65.0 64 13 1
Centrum Capital Limited 10.7B 43.0 66.0 69.0 64 14 1
5paisa Capital Limited 9.6B 90.0 59.0 50.0 58 15 1
Dhunseri Ventures Limited 9.1B 89.0 79.0 62.0 76 16 1
Kalyani Investment Company Limited 8.2B 92.0 75.0 51.0 71 17 1
Arihant Capital Markets Limited 7.0B 82.0 76.0 80.0 80 18 1
Summit Securities Limited 6.9B 88.0 63.0 52.0 62 19 1
Nahar Capital and Financial Services Limited 5.6B 94.0 57.0 52.0 54 20 1
Jindal Poly Investment and Finance Company Limited 5.3B 41.0 69.0 45.0 44 21 1
The Investment Trust of India Limited 5.0B 84.0 80.0 85.0 84 22 1
Mahanivesh (India) Limited 4.5B 37.0 43.0 40.0 40 23 1
Dhunseri Investments Limited 4.5B 58.0 73.0 73.0 72 24 1
Kiran Vyapar Limited 4.0B 49.0 79.0 81.0 79 25 1
Swiss Military Consumer Goods Limited 3.7B 43.0 69.0 63.0 64 26 1
Aditya Birla Money Limited 3.5B 82.0 79.0 77.0 81 27 1
Jindal Photo Limited 3.5B 63.0 58.0 51.0 57 28 1
SIL Investments Limited 3.3B 38.0 69.0 43.0 55 29 1
Prime Securities Limited 3.2B 60.0 71.0 84.0 76 30 1
Industrial & Prudential Investment Company Limited 3.2B 47.0 77.0 61.0 68 31 1
Indo Thai Securities Limited 3.2B 96.0 53.0 39.0 42 32 1
Jaykay Enterprises Limited 3.0B 37.0 63.0 66.0 58 33 1
Systematix Corporate Services Limited 3.0B 45.0 76.0 97.0 93 34 1
Master Trust Limited 2.7B 70.0 72.0 60.0 64 35 1
STEL Holdings Limited 2.6B 91.0 61.0 51.0 55 36 1
IL&FS Investment Managers Limited 2.4B 53.0 57.0 55.0 57 37 1
ABans Enterprises Limited 2.4B 94.0 74.0 61.0 78 38 1
Quest Capital Markets Limited 2.1B 54.0 62.0 47.0 48 39 1
Almondz Global Securities Limited 2.0B 84.0 57.0 49.0 50 40 1
Industrial Investment Trust Limited 2.0B 56.0 58.0 67.0 62 41 1
Shardul Securities Limited 1.9B 56.0 63.0 62.0 61 42 1
Emkay Global Financial Services Limited 1.8B 92.0 83.0 91.0 90 43 1
Avonmore Capital & Management Services Limited 1.7B 81.0 75.0 66.0 79 44 1
Bombay Oxygen Investments Limited 1.7B 41.0 70.0 46.0 57 45 1
RSD Finance Limited 1.3B 55.0 56.0 56.0 49 46 1
Indbank Merchant Banking Services Limited 1.1B 94.0 63.0 77.0 73 47 1
LKP Finance Limited 1.1B 43.0 56.0 47.0 49 48 1
Welspun Investments and Commercials Limited 1.1B 67.0 73.0 55.0 60 49 1
LKP Securities Limited 1.1B 74.0 84.0 92.0 89 50 1
Greencrest Financial Services Limited 994.2M 84.0 68.0 66.0 63 51 1
McDowell Holdings Limited 969.0M 98.0 65.0 51.0 57 52 1
DB (International) Stock Brokers Limited 899.5M 47.0 61.0 48.0 55 53 1
Shriram Asset Management Company Limited 881.7M 56.0 69.0 77.0 71 54 1
Global Capital Markets Limited 697.0M 40.0 53.0 50.0 50 55 1
NCL Research & Financial Services Limited 556.6M 69.0 90.0 48.0 85 56 1
Intellivate Capital Ventures Limited 500.4M 87.0 63.0 83.0 70 57 1
GCM Securities Limited 476.8M 97.0 73.0 59.0 85 58 1
Pioneer Investcorp Limited 466.7M 82.0 63.0 57.0 65 59 1
Wallfort Financial Services Ltd. 457.2M 95.0 46.0 43.0 46 60 1
Yamini Investments Company Limited 441.6M 95.0 59.0 38.0 54 61 1
HB Stockholdings Limited 420.4M 82.0 56.0 72.0 66 62 1
Pro Fin Capital Services Ltd. 398.5M 40.0 48.0 43.0 43 63 1
HB Portfolio Limited 378.9M 44.0 46.0 50.0 47 64 1
Cni Research Limited 311.1M 37.0 71.0 72.0 59 65 1
Odyssey Corporation Limited 291.9M 90.0 56.0 96.0 76 66 1
Monotype India Limited 225.0M 39.0 64.0 65.0 64 67 1
Stampede Capital Limited 209.0M 97.0 67.0 71.0 69 68 1
BFL Asset Finvest Limited 207.6M 41.0 37.0 95.0 58 69 1
Onelife Capital Advisors Limited 181.7M 66.0 70.0 71.0 67 70 1
AF Enterprises Limited 171.1M 53.0 74.0 79.0 82 71 1
Esaar (India) Limited 148.2M 57.0 63.0 73.0 62 72 1
Cubical Financial Services Limited 117.3M 38.0 69.0 38.0 57 73 1
Goenka Business & Finance Limited 109.2M 43.0 95.0 41.0 89 74 1
Alka Securities Limited 85.4M 94.0 82.0 92.0 86 75 1
Gemstone Investments Limited 75.5M 85.0 93.0 55.0 96 76 1
Confidence Finance and Trading Limited 73.9M 89.0 60.0 70.0 68 77 1
Essar Securities Limited 72.9M 52.0 50.0 84.0 50 78 1
Jackson Investments Limited 55.2M 97.0 61.0 94.0 72 79 1
Mathew Easow Research Securities Limited 38.5M 47.0 61.0 82.0 55 80 1

Cash Flow Analysis

Our overall assessment of Pilani's cash flow statement look encouraging regarding Pilani's ability to generate cash to support normal operations and positive growth. Pilani is doing a remarkable job of keeping its asset turnover under control. At filing, their asset turnover metrics were 0.0, representing a -73.1% change from the previous period. Companies in the same sector and market capitalization will usually be affected by up to 1.4 percent by this parameter. Its asset turnover metrics are especially remarkable relative to their peers. We believe the stock price has room to grow to reflect its intrinsic value accurately. The company's asset turnover movement, therefore, received a grade of 68. Also, Pilani's strong net cash flow numbers, which were 61.2M in this filing, showed a 3739.6% change from the last period. Their net cash flow metrics are especially remarkable relative to their peers. Hence, its net cash flow earned a score of 62. That said, one metric, Free Cash flow, stood out as particularly concerning. Pilani's published free cash flow numbers were subpar and could mean that management has lost focus on achieving healthy growth. Pilani recorded free cash flow of 25.7, which represents 25.0% growth from the previous report. Companies in the same industry and market capitalization are typically affected by this parameter by up to 4.8%. Their free cash flow situation is more concerning relative to their peers and competitors. Disappointing results in free cash flow often lead to negative pressure in stock prices, so we rated their free cash flow with a score of 61. Therefore, their cash flow earned a grade of 64.

Parameter Value Change Score
Net Cashflow 61.2M 3739.6% 62
Asset Turnover 0.0 -73.1% 68
Free Cashflow Per Share 25.7 25.0% 61
* All values are TTM

The below chart describes Pilani's performance as reflected on its cash flow with respect to its peers. While Pilani received a cash flow score of 64, the average of its peers stands on 66.

  •  PILANIINVS
  •  Peers average
Name Market Cap Cashflow Momentum Free Cashflow Growth Capital Expenditure Growth Assets Factors Momentum Cash Flow mc_sort Hidden
VLS Finance Limited 5.2B 68.0 69.0 60.0 66.0 64 0 1
Consolidated Finvest & Holdings Limited 4.4B 48.0 89.0 77.0 42.0 59 1 1
N.B.I. Industrial Finance Company Limited 4.2B 78.0 42.0 68.0 59.0 68 2 1
Wealth First Portfolio Managers Limited 3.1B 60.0 81.0 68.0 72.0 66 3 1
Inventure Growth & Securities Limited 2.4B 85.0 46.0 93.0 73.0 91 4 1
BLB Limited 1.1B 85.0 45.0 84.0 66.0 67 5 1
Steel City Securities Limited 910.2M 59.0 72.0 62.0 73.0 68 6 1
Nalwa Sons Investments Limited 12.3B 72.0 65.0 68.0 64.0 67 7 1
Monarch Networth Capital Limited 12.0B 69.0 64.0 63.0 69.0 68 8 1
Dolat Algotech Limited 11.9B 65.0 72.0 71.0 76.0 76 9 1
UGRO Capital Limited 11.4B 70.0 67.0 67.0 63.0 68 10 1
Geojit Financial Services Limited 11.3B 76.0 54.0 56.0 65.0 65 11 1
PNB Gilts Ltd. 11.3B 69.0 59.0 68.0 50.0 55 12 1
BF Investment Limited 10.9B 70.0 63.0 68.0 65.0 66 13 1
Centrum Capital Limited 10.7B 67.0 67.0 67.0 90.0 88 14 1
5paisa Capital Limited 9.6B 66.0 67.0 67.0 82.0 81 15 1
Dhunseri Ventures Limited 9.1B 69.0 67.0 94.0 46.0 58 16 1
Kalyani Investment Company Limited 8.2B 82.0 53.0 69.0 93.0 85 17 1
Arihant Capital Markets Limited 7.0B 67.0 67.0 47.0 65.0 66 18 1
Summit Securities Limited 6.9B 85.0 51.0 96.0 71.0 87 19 1
Nahar Capital and Financial Services Limited 5.6B 63.0 84.0 95.0 46.0 67 20 1
Jindal Poly Investment and Finance Company Limited 5.3B 81.0 66.0 98.0 52.0 81 21 1
The Investment Trust of India Limited 5.0B 64.0 71.0 69.0 62.0 65 22 1
Mahanivesh (India) Limited 4.5B 73.0 56.0 68.0 74.0 71 23 1
Dhunseri Investments Limited 4.5B 74.0 66.0 68.0 76.0 76 24 1
Kiran Vyapar Limited 4.0B 61.0 71.0 40.0 82.0 58 25 1
Swiss Military Consumer Goods Limited 3.7B 73.0 63.0 57.0 77.0 78 26 1
Aditya Birla Money Limited 3.5B 53.0 85.0 81.0 69.0 75 27 1
Jindal Photo Limited 3.5B 63.0 68.0 59.0 83.0 75 28 1
SIL Investments Limited 3.3B 79.0 54.0 41.0 95.0 81 29 1
Prime Securities Limited 3.2B 72.0 64.0 70.0 48.0 53 30 1
Industrial & Prudential Investment Company Limited 3.2B 59.0 77.0 67.0 88.0 87 31 1
Indo Thai Securities Limited 3.2B 61.0 66.0 48.0 46.0 42 32 1
Jaykay Enterprises Limited 3.0B 74.0 55.0 95.0 87.0 76 33 1
Systematix Corporate Services Limited 3.0B 83.0 46.0 65.0 68.0 75 34 1
Master Trust Limited 2.7B 71.0 66.0 46.0 50.0 50 35 1
STEL Holdings Limited 2.6B 54.0 84.0 68.0 40.0 45 36 1
IL&FS Investment Managers Limited 2.4B 58.0 74.0 85.0 85.0 79 37 1
ABans Enterprises Limited 2.4B 45.0 89.0 91.0 87.0 76 38 1
Quest Capital Markets Limited 2.1B 65.0 72.0 63.0 78.0 74 39 1
Almondz Global Securities Limited 2.0B 78.0 38.0 52.0 74.0 68 40 1
Industrial Investment Trust Limited 2.0B 67.0 72.0 59.0 71.0 71 41 1
Shardul Securities Limited 1.9B 68.0 65.0 76.0 84.0 81 42 1
Emkay Global Financial Services Limited 1.8B 61.0 72.0 91.0 65.0 70 43 1
Avonmore Capital & Management Services Limited 1.7B 66.0 71.0 65.0 66.0 70 44 1
Bombay Oxygen Investments Limited 1.7B 52.0 82.0 90.0 94.0 94 45 1
RSD Finance Limited 1.3B 51.0 66.0 68.0 61.0 54 46 1
Indbank Merchant Banking Services Limited 1.1B 75.0 61.0 53.0 52.0 53 47 1
LKP Finance Limited 1.1B 63.0 72.0 67.0 72.0 74 48 1
Welspun Investments and Commercials Limited 1.1B 63.0 80.0 68.0 38.0 50 49 1
LKP Securities Limited 1.1B 62.0 78.0 67.0 82.0 84 50 1
Greencrest Financial Services Limited 994.2M 68.0 68.0 69.0 67.0 67 51 1
McDowell Holdings Limited 969.0M 86.0 44.0 66.0 37.0 51 52 1
DB (International) Stock Brokers Limited 899.5M 60.0 81.0 68.0 65.0 67 53 1
Shriram Asset Management Company Limited 881.7M 66.0 67.0 81.0 84.0 84 54 1
Global Capital Markets Limited 697.0M 71.0 60.0 60.0 89.0 80 55 1
NCL Research & Financial Services Limited 556.6M 71.0 69.0 66.0 90.0 92 56 1
Intellivate Capital Ventures Limited 500.4M 66.0 71.0 62.0 83.0 79 57 1
GCM Securities Limited 476.8M 69.0 70.0 60.0 79.0 76 58 1
Pioneer Investcorp Limited 466.7M 80.0 56.0 71.0 62.0 64 59 1
Wallfort Financial Services Ltd. 457.2M 66.0 71.0 63.0 65.0 63 60 1
Yamini Investments Company Limited 441.6M 66.0 71.0 63.0 58.0 59 61 1
HB Stockholdings Limited 420.4M 70.0 66.0 59.0 60.0 67 62 1
Pro Fin Capital Services Ltd. 398.5M 70.0 71.0 66.0 51.0 63 63 1
HB Portfolio Limited 378.9M 73.0 63.0 56.0 91.0 88 64 1
Cni Research Limited 311.1M 69.0 69.0 64.0 62.0 60 65 1
Odyssey Corporation Limited 291.9M 70.0 69.0 69.0 98.0 88 66 1
Monotype India Limited 225.0M 67.0 69.0 65.0 46.0 49 67 1
Stampede Capital Limited 209.0M 66.0 71.0 63.0 97.0 82 68 1
BFL Asset Finvest Limited 207.6M 61.0 71.0 65.0 64.0 66 69 1
Onelife Capital Advisors Limited 181.7M 69.0 69.0 64.0 51.0 51 70 1
AF Enterprises Limited 171.1M 66.0 71.0 65.0 51.0 63 71 1
Esaar (India) Limited 148.2M 69.0 71.0 66.0 68.0 69 72 1
Cubical Financial Services Limited 117.3M 71.0 69.0 66.0 98.0 99 73 1
Goenka Business & Finance Limited 109.2M 69.0 70.0 60.0 51.0 50 74 1
Alka Securities Limited 85.4M 83.0 54.0 86.0 42.0 61 75 1
Gemstone Investments Limited 75.5M 70.0 69.0 70.0 85.0 85 76 1
Confidence Finance and Trading Limited 73.9M 69.0 71.0 66.0 76.0 76 77 1
Essar Securities Limited 72.9M 71.0 69.0 66.0 86.0 88 78 1
Jackson Investments Limited 55.2M 66.0 71.0 62.0 81.0 77 79 1
Mathew Easow Research Securities Limited 38.5M 69.0 69.0 64.0 63.0 60 80 1

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