Paul Merchants Ltd (PML) — shareholding pattern, promoter holding, financials and share price
About Paul Merchants Ltd (PML)
Paul Merchants Ltd operates in the Other Financial Services industry, within the Financial Services sector. It trades on the NSE as PML and on the BSE under scrip code 539113. Its ISIN is INE291E01019.
Incorporated in 1991, Paul Merchants Ltd is in money exchange and remittances business
Paul Merchants Limited operates primarily in three verticals: International Money Transfer, Foreign Exchange, and Tours & Travels, showcasing a diversified business model.
The company holds an Authorized Dealer Category II license and is a key sub-agent for EBIX Money Express for inbound international money transfers, highlighting its strong regulatory and operational standing.
Listed peers in Other Financial Services: Shree Salasar Investments Ltd, Available Finance Ltd, Reliable Data Services Ltd, Nexome Capital Markets Ltd, Maha Rashtra Apex Corporation Ltd, Iconik Sports and Events Ltd.
Valuation & Returns
10 Jul 2026At ₹487.94 a share on 10 Jul 2026, Paul Merchants Ltd (PML) was valued at a price-to-earnings ratio of 0.56x against an industry P/E of 19.5x and a price-to-book of 0.24x on a book value of ₹2,039.17 per share as of Mar 2025. Solomo computes return on equity of 42.74% and return on capital employed of 2.19% from filed results. Earnings ratios use consolidated results for the twelve months Jun 2025 to Mar 2026.
- P/E
- 0.56x
- Industry P/E
- 19.5x
- P/B
- 0.24x
- EPS (TTM)
- ₹871.5
- Book value / share
- ₹2,039.17
- ROE
- 42.74%
- ROCE
- 2.19%
- ROA
- 16.9%
- Debt / equity
- 0.04x
- EBITDA margin
- 13.74%
- 52-week range
- ₹407 – ₹823
Ratios are computed from filed results and the last recorded price. Not investment advice.
Financial Performance
Mar 2026In the year ended Mar 2026, Paul Merchants Ltd (PML) reported revenue of ₹2,074 crore, net profit of ₹269 crore and earnings per share of ₹871.4. That compares with revenue of ₹3,336 crore and net profit of ₹64 crore in Mar 2025. Figures are consolidated, as filed with the exchanges.
In the quarter ended Mar 2026, revenue was ₹482.12 crore and net profit ₹2.29 crore (consolidated).
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue (₹ cr) | 5,367 | 7,012 | 6,506 | 3,336 | 2,074 |
| Net profit (₹ cr) | 40 | 44 | 55 | 64 | 269 |
| EPS (₹) | 129.58 | 141.97 | 177.14 | 207 | 871.4 |
| Measure | 10Y | 5Y | 3Y | 1Y |
|---|---|---|---|---|
| Sales growth | 3.40% | -9.08% | -14.26% | -48.72% |
| Profit growth | -12.87% | -13.06% | -33.82% | 16.86% |
| Stock price CAGR | -8% | -5% | -7% | -40% |
Ownership Summary
Jun 2026As of Jun 2026, promoters hold 74.65% of Paul Merchants Ltd (PML) (unchanged from the previous quarter). Market capitalisation was ₹150 crore on 10 Jul 2026. Shareholding is filed quarterly with BSE and NSE; Solomo carries every filing back to Mar 2015.
Largest disclosed public shareholders in Jun 2026: VIKRAM GUPTA 3.5%, VINOD KUMAR GARG 2.38%. Only stakes above the 1% disclosure threshold are named in filings.
| Quarter | Promoter | Pledged | FII | DII | Public |
|---|---|---|---|---|---|
| Jun 2026 | 74.65% | - | - | - | 25.35% |
| Mar 2026 | 74.65% | - | - | - | 25.35% |
| Dec 2025 | 74.65% | - | 0.16% | - | 25.35% |
| Sep 2025 | 74.65% | - | 0.16% | - | 25.35% |
| Jun 2025 | 74.65% | - | 0.16% | - | 25.35% |
| Mar 2025 | 74.65% | - | 0.16% | - | 25.35% |
| Dec 2024 | 74.65% | - | 0.22% | - | 25.35% |
| Sep 2024 | 74.65% | - | 0.22% | - | 25.35% |