Please refer to important disclosures at the end of this report
Piramal Enterprises continues to deliver strong growth across its diversified
verticals of financial services and healthcare. In financial services, the compan
has a strong presence in real estate financing covering structured finance as well
as equity and also a strategic stake in the Shriram Group. The company’s
lending business grew 174% in FY16, delivered 25%+ ROE and kept Gross
NPAs under 1%. Given the company’s strong balance sheet, and robust
fundamental growth outlook, it is selected into our selection universe. Technicall
speaking, at this juncture, we can observe strength in the larger degree up trend
as the ‘ADX (14)’ line is sloping upwards along with the positive Directional
Indicator (+DI). Hence, Buy.
CMP `1,839
Stock Info
Bloomberg Code PIEL@IN
Shareholding Pattern (%)
Promoters 51.6
MF / Banks / Indian Fls 7.5
FII / NRIs / OCBs 27.8
Indian Public / Others 13.1
Abs. (%) 3m 1yr 3yr
Sensex 10.9 2.3 51.1
Pirmal Enterprises 62.6 63.2 402.8
Market Cap (
cr) 31,727
Beta 0.5
52 Week High / Low 2,095/805
Avg. Daily Volume 22,761
Face Value (
BSE Sensex 28,452
Nifty 8,786
Reuters Code PIRA.BO
Vaibhav Agrawal
022 – 3935 7800 Ext: 6808
Piramal Enterprises
August 31, 2016
Piramal Enterprises | Pharmaceuticals
ugust 31, 2016
Research Team Tel: 022 - 39357800 E-mail: [email protected] Website:
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