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Paul Merchants Limited

Paul Merchants Limited

NSE: PML
Miscellaneous Commercial ServicesCommercial ServicesSMALL CAPMCap ₹147.7 Cr
₹478.95₹14.25 (+3.07%)

Market Closed • NSE

Market cap₹147.7 Cr
Enterprise value₹-19317.9 Lakh
P/E TTM7.21
P/B0.16
EPS TTM₹66.44
ROCE-30.80%
D/E1.14
Dividend yield0.00%
Face value₹10.00
52W high₹515.00
52W low₹453.50
Price chart(1Y)
1Y Return:-13.51% (₹74.80)
H: ₹580L: ₹451.55
1W-0.40%
1M-3.25%
3M-2.41%
Today at a glance

Day range

₹460.15₹488.85

52 week range

₹453.50₹515.00
Volume800.23x 20D avg
Free float50.00%-76.80% volume

Paul Merchants Limited closed at INR478.95 (+3.07%) on volume 0.23x its 20-day average, trading 7% below its 52-week high.

Technical analysis
RSI (14)49.2Neutral (30–70)
MACDBULLISHBullish (Above signal)
ATR (14)₹23.42High
SMA 20₹479.88BEARISH
SMA 50₹486.95BEARISH
SMA 100₹501.53BEARISH
SMA 200—N/A
CPR bottom₹469.70
Pivot₹468.03
CPR top₹466.37
What changed recently?

2026-Q2

Q2 FY2026 Financial Results

PAT moved +289.1% QoQ

Shariah audit
Methodology: AAOIFI Shariah Standard No. 21
PASS4/4 criteria
Shariah Compliant
CriteriaNumeratorDenominatorValueThresholdStatus
Interest-bearing debt ratio₹10.0 Cr₹147.7 Cr6.77%≤ 33%PASS
Non-halal income ratio–₹2.11k Cr0.00%≤ 5%PASS
Illiquid assets ratio–₹940.0 Cr—≥ 20%PASS
Receivables ratio–₹940.0 Cr—≤ 49%PASS
Valuation & sector context
MetricCompanySector
P/E7.2121.00
Forward P/E——
P/B0.160.80
EV/EBITDA-9.2018.00
PEG—1.50
Earnings yield13.904.80
Growth & profitability
RevenuePAT
FY21PAT margin 1.10%
FY22PAT margin 0.70%
FY23PAT margin 0.60%
FY24PAT margin 0.80%
FY25PAT margin 1.90%
FY26PAT margin 12.70%

Revenue and PAT bars use independent scales to make their year-on-year direction readable.

Revenue CAGR 3Y-33.00%
Revenue CAGR 5Y-7.00%
PAT CAGR 3Y+82.90%
PAT CAGR 5Y+52.10%
Operating margin0.66%
Net margin-0.48%
Financial health & cash flow
Net debt₹10.0 CrHealthy
Interest coverage21.00xEBIT / interest
CFO / PAT1.87x3Y average
Net debt / EBITDA0.48xLeverage
Operating cash flow₹412.0 Cr
Capital expenditure–
Free cash flow₹412.0 Cr
Financial statements

Complete reported financial history · Values use the company's reporting currency

Hover over the chart for exact reported values. Percentage lines use the right-hand axis.

Fundamental scorecard
Overall63/100
Valuation75/100
Profitability50/100
Financial health65/100

A 0–100 quantitative summary of reported fundamentals. Use the underlying financials and risks for context; the score is not a buy or sell recommendation.

Strengths, risks & investment thesis

Strengths

High Cash Flow Conversion: CFO/PAT averaged 1.87x over last 3 years

Attractive Valuation: P/E of 7.2x trades below sector historical averages

Risks

Subject to cyclical raw material and macro industry pressures

Bull case

Market Leadership: Established operational scale in Miscellaneous Commercial Services.

Bear case

Macro Headwinds: Fluctuations in interest rates and sector-specific policy shifts could compress multiples.

Flip condition

Sustained quarterly EBITDA margin expansion above 20% would trigger an upgrade.

Shareholding pattern
Quarterly ownership historyLatest valid period · December 2025

Ownership distribution

Dec 2025Latest holding

Category trends

Hover over a period for exact holdings

80%53%27%0%Sept 2024Dec 2024Jun 2025Sept 2025Dec 2025
0.16%Institutional holding
25.19%Public holding
5Periods available
0.00%Promoter pledged
4.46KShareholders
Delivery participation

Traded volume and delivery percentage across the latest 20 sessions

Average delivery (20D)88.70%-12.45% latest vs average
Highest delivery100.00%on 18 Sept
Average volume (20D)344.85Trading-session average
Conviction trendWeakening-12.45% latest reading
Traded volumeDelivery %
Peer comparison

Compare valuation, latest quarterly performance and year-on-year growth

5 companies
Company nameMarket cap ₹ CrP/E ratioDividend yield %Quarterly sales ₹ CrProfit after tax ₹ CrSales growth %Profit growth %
Shanti Educational Initiatives Limited
Shanti Educational Initiatives LimitedSEIL
Open analysis
₹2,939.38507.140.00%₹16.30₹2.82+7.52%-2.76%
Balmer Lawrie Investments Limited
Balmer Lawrie Investments LimitedBLIL
Open analysis
₹1,440.3811.040.00%₹751.00₹73.00+9.96%+5.80%
Asian Star Company Limited
Asian Star Company LimitedASTAR
Open analysis
₹981.9430.870.25%₹638.00₹12.00-11.02%-36.84%
Comfort Intech Limited
Comfort Intech LimitedCOMFINTE
Open analysis
₹247.63110.5765.00%————
Paul Merchants Limited
Paul Merchants LimitedPML
Current stock
₹147.717.210.00%₹480.77₹8.91-2.54%-96.90%
About Paul Merchants Limited
Paul Merchants Limited

Paul Merchants Ltd is a Chandigarh-operated financial-services group active since 1984. The parent is an RBI-authorised AD Category-II foreign-exchange and cross-border-payments intermediary offering travel and money-transfer services, while subsidiaries house lending, real estate and IT operations. Its shares are listed on BSE and permitted to trade on NSE under PML. [1] [2]

IndiaCommercial Services

Questions investors ask
Is Paul Merchants Limited Shariah compliant?

Paul Merchants Limited is currently screened as Shariah Compliant under AAOIFI Shariah Standard No. 21. Business activities align with Shariah permissible sectors. Debt to Market Cap (6.77%) complies with AAOIFI threshold (≤ 33%).

What is Paul Merchants Limited's current valuation relative to peers?

Paul Merchants Limited trades at a P/E of 7.2x compared to the sector median of 21x, and a Price-to-Book of 0.2x.

Is the company financially healthy?

The company has a Debt-to-Equity ratio of 1.14x and a Net Debt to EBITDA ratio of 0.48x. Interest coverage is 21x.

What are the historical revenue and profit growth rates?

Over the past 5 years, revenue compounded at -7% while net profit growth averaged 52.1%.

Market data is informational and may be delayed. Shariah screening follows the displayed methodology. This is not investment advice.

Market data may be delayed. Quote date: 2026-10-16. Financial figures relate to their stated reporting periods. This information is for research and is not a recommendation to buy or sell.