Paul Merchants Ltd
Paul Merchants Ltd (PML) last reported results for the quarter ended Jun 2026, with sales of ₹481 crore and net profit of ₹8.91 crore. The stock last traded at ₹471, a market capitalisation of ₹145 crore, on a P/E of 7.08. Over the past 52 weeks the stock has ranged between ₹407 and ₹774. Figures are as of 6 Oct 2026 and are not real time.
Paul Merchants Ltd share price and key metrics
- Current price
- ₹471
- Market cap
- ₹145 cr
- Stock P/E
- 7.08
- Book value
- ₹2,909
- ROE
- -31.8%
- ROCE
- -30.8%
- Dividend yield
- 0.00%
- 52w high / low
- 774/407
Metrics as of 6 Oct 2026. Not real time.
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Paul Merchants Ltd growth and returns
- 10 Years
- -2%
- 5 Years
- -7%
- 3 Years
- -33%
- TTM
- -27%
- 10 Years
- %
- 5 Years
- %
- 3 Years
- %
- TTM
- 269%
- 10 Years
- -8%
- 5 Years
- -3%
- 3 Years
- -8%
- 1 Year
- -27%
- 10 Years
- 0%
- 5 Years
- -10%
- 3 Years
- -20%
- Last Year
- -32%
Paul Merchants Ltd quarterly results
In the quarter ended Jun 2026, sales were ₹481 cr, down 2.5% from ₹493 cr a year earlier. Net profit was ₹8.91 cr, down 96.9% year on year.
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 986 | 750 | 582 | 493 | 593 | 505 | 482 | 481 |
| Expenses | 988 | 753 | 585 | 497 | 601 | 508 | 483 | 476 |
| Operating profit | -1.22 | -2.65 | -2.97 | -4.16 | -7.74 | -3.16 | -0.42 | 4.46 |
| OPM % | -0.12% | -0.35% | -0.51% | -0.84% | -1.30% | -0.63% | -0.09% | 0.93% |
| Other income | 19.6 | 21.82 | 21.07 | 294 | 7.38 | -6.92 | 6.18 | 10.39 |
| Interest | 0.66 | 0.49 | 0.53 | 0.53 | 0.24 | 0.16 | 0.16 | 0.17 |
| Depreciation | 1.05 | 0.96 | 1.07 | 0.83 | 1.42 | 1.61 | 1.61 | 1.26 |
| Profit before tax | 16.67 | 17.72 | 16.5 | 288 | -2.02 | -11.85 | 3.99 | 13.42 |
| Tax % | 3.42% | -0.06% | -1.15% | 0.29% | 227.72% | 21.43% | 41.60% | 33.68% |
| Net profit | 16.1 | 17.72 | 16.69 | 287 | -6.61 | -14.4 | 2.29 | 8.91 |
| EPS (₹) | 52.20 | 57.46 | 54.12 | 932.10 | -21.43 | -46.69 | 7.43 | 28.89 |
Consolidated figures as reported by the company. Percentages are as published; totals may not sum exactly.
Paul Merchants Ltd annual results
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2,891 | 4,553 | 4,928 | 5,405 | 3,041 | 5,367 | 7,012 | 6,506 | 3,336 | 2,110 | 2,061 |
| Operating profit | 10 | 25 | 27 | 42 | 51 | 68 | 83 | 9 | -7 | 21 | -7 |
| OPM % | 0.3% | 0.5% | 0.5% | 0.8% | 1.7% | 1.3% | 1.2% | 0.1% | -0.2% | 1.0% | -0.3% |
| Net profit | 13 | 214 | 22 | 26 | 33 | 40 | 44 | 55 | 64 | 269 | -10 |
| EPS (₹) | 41.35 | 688.58 | 71.23 | 85.06 | 107.90 | 129.58 | 141.97 | 177.14 | 207.00 | 871.40 | -31.80 |
TTM is the trailing twelve months to the most recent quarter.
Paul Merchants Ltd balance sheet
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity capital | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 3 | 3 |
| Reserves | 148 | 363 | 366 | 392 | 426 | 466 | 510 | 562 | 626 | 894 |
| Borrowings | 18 | 22 | 17 | 33 | 80 | 132 | 307 | 493 | 24 | 10 |
| Other liabilities | 60 | 87 | 21 | 29 | 29 | 51 | 72 | 98 | 935 | 32 |
| Total liabilities | 228 | 473 | 405 | 455 | 535 | 649 | 890 | 1,156 | 1,587 | 940 |
| Fixed assets | 50 | 76 | 76 | 64 | 63 | 63 | 67 | 72 | 62 | 135 |
| CWIP | 1 | 0 | 0 | 0 | 1 | 0 | 1 | 0 | 0 | 0 |
| Investments | 9 | 123 | 99 | 55 | 37 | 30 | 24 | 22 | 2 | 306 |
| Other assets | 167 | 274 | 231 | 336 | 434 | 555 | 799 | 1,063 | 1,523 | 499 |
| Total assets | 228 | 473 | 405 | 455 | 535 | 649 | 890 | 1,156 | 1,587 | 940 |
As reported by the company. Total assets equal total liabilities by construction.
Paul Merchants Ltd cash flow
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | 18 | -276 | 13 | -83 | -69 | -38 | -154 | -135 | 448 | 412 |
| Cash from investing | 1 | 241 | -25 | 73 | 23 | 6 | 0 | -5 | 17 | -387 |
| Cash from financing | -5 | 2 | -6 | 13 | 42 | 41 | 155 | 143 | -471 | -14 |
| Net cash flow | 14 | -34 | -18 | 4 | -4 | 9 | 2 | 3 | -6 | 11 |
| Free cash flow | 15 | -41 | 10 | -76 | -71 | -41 | -162 | -146 | 444 | 403 |
| CFO / operating profit | 393% | -857% | 66% | -178% | -115% | -36% | -167% | -1,273% | -6,754% | 2,196% |
Negative figures are outflows. CFO / operating profit is a ratio, not an amount.
Paul Merchants Ltd operating ratios
| Per year | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % | 11% | 80% | 6% | 10% | 10% | 12% | 11% | -5% | -10% | -31% |
| Debtor days | 4 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 |
| Inventory days | 1 | 0 | 0 | 1 | 1 | 0 | 1 | 1 | 1 | 4 |
| Days payable | 3 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Cash conversion cycle | 2 | 1 | 0 | 1 | 1 | 1 | 1 | 1 | 2 | 5 |
| Working capital days | -1 | 3 | 12 | 20 | 47 | 33 | 36 | 52 | 1 | 33 |
Ratios as computed by the source from the reported statements. Rows a company does not report are omitted.
Paul Merchants Ltd shareholding pattern
Promoters held 74.66% at Jun 2026, broadly unchanged since Jun 2025. FIIs 0.00%.
| % held | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 74.66% | 74.66% | 74.66% | 74.66% | 74.66% | 74.66% | 74.66% | 74.66% |
| FIIs | 0.22% | 0.22% | 0.16% | 0.16% | 0.16% | 0.16% | 0.00% | 0.00% |
| Public | 25.12% | 25.14% | 25.19% | 25.19% | 25.19% | 25.19% | 25.35% | 25.34% |
| No. of shareholders | 4,273 | 4,402 | 4,457 | 4,419 | 4,368 | 4,316 | 4,255 | 4,237 |
As disclosed by the company to the exchanges. The last row is a count of shareholders, not a percentage.
Paul Merchants Ltd corporate filings
- Certificate Under Reg 74(5) of SEBI (DP) Regulations 2018Company Updatelow impact
- SEBI Regulation 30 Filing by Paul Merchants Ltd (539113) on October 1, 2026Company Updatelow impact
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Read the full analysis - Paul Merchants Ltd announces dispatch of letters to shareholdersCompany Updatelow impact
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Read the full analysis - Paul Merchants Limited Announces 42nd AGM and Re-appointment of Designated Whole Time DirectorAGM/EGMlow impact
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Read the full analysis - Paul Merchants Ltd releases 2025-26 Annual Report and schedules 42nd Annual General MeetingOtherslow impact
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