MarketFriction

Pioneer Embroideries Ltd

NSE PIONEEREMB · BSE 514300 · Other Textile Products
₹20.07 -2.53%
NSE close2026-10-01
52 week range19.61 - 38.50
Market cap₹63.5 Cr.
Price band 20% Delivery 96.3%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales82.5185.3294.6596.4093.8196.1088.7686.1282.7081.2186.0396.71
Expenses77.9579.3487.2690.1586.5388.4784.7182.8181.9377.0180.7292.79
Operating Profit4.565.987.396.257.287.634.053.310.774.205.313.92
OPM %5.53%7.01%7.81%6.48%7.76%7.94%4.56%3.84%0.93%5.17%6.17%4.05%
Other Income0.770.572.300.840.820.644.014.680.310.575.701.81
Interest2.163.202.922.983.201.382.042.622.321.832.531.85
Depreciation3.103.313.973.833.933.933.963.963.974.092.803.71
Profit before tax0.070.042.800.280.972.962.061.41-5.21-1.155.680.17
Tax %71.43%50.00%11.07%25.00%29.90%25.68%33.01%24.82%-27.06%-28.70%26.76%29.41%
Net Profit0.020.022.500.210.682.191.381.07-3.80-0.834.170.12
EPS in Rs0.050.010.850.070.220.710.450.35-1.23-0.271.350.04
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales255236262274238226292297336375336347
Expenses234220253255219199267285314350322332
Operating Profit211610191927251222251414
OPM %8%7%3.6%7%8%12%8%4.0%7%7%4.0%4.1%
Other Income20-16214221246118
Interest91198643491099
Depreciation15899988813161515
Profit before tax17-19-648161512461-1
Tax %0%0%0%0%0%-18%28%31%17%29%18%
Net Profit17-19-64819118441-0
EPS in Rs9.31-8.96-2.461.593.297.244.153.201.261.460.20-0.11
Dividend Payout %0%0%0%0%0%3%7%0%0%0%0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth3%8%4%-5%
Compounded Profit Growth%%%-126%
Stock Price CAGR-10%-19%-24%-40%
Return on Equity4%2%1%-3%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital181922242525272727293131
Reserves6145534753618394102116124125
Borrowings143109706957373232971109691
Other Liabilities444159606050464768767179
Total Liabilities265213203200196173188199293332322326
Fixed Assets9498107969385807875186182159
CWIP5303200872003
Investments8700000112121111
Other Assets1591059510110087108112135135128152
Total Assets265213203200196173188199293332322326
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity292236171926181310123319
Cash from Investing Activity6-10-24-7-43-8-10-65-34-8-3
Cash from Financing Activity-35-14-12-10-16-28-5-86016-23-16
Net Cash Flow0-2-00-115-55-61-1
Free Cash Flow251411101529107-45-222415
CFO/OP148%106%228%173%101%133%67%56%90%51%131%137%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days303938394029373133333028
Inventory Days7873120847910313810610812393108
Days Payable446081727264704555574056
Cash Conversion Cycle6452775047681059186988380
Working Capital Days-8-73575723465434292542
ROCE %14%16%11%2%9%10%15%12%3%6%6%2%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters32.39%32.39%29.64%29.64%32.71%32.71%32.71%32.71%32.71%32.71%32.71%32.71%
FIIs0.00%0.00%8.48%8.48%8.12%8.16%8.30%0.00%0.00%0.00%0.27%0.27%
DIIs9.27%9.27%8.48%8.41%6.91%6.49%6.49%6.49%6.49%6.49%6.49%6.49%
Government0.00%0.00%0.00%0.00%0.00%0.00%0.00%8.11%8.11%8.11%8.11%8.11%
Public58.32%58.35%53.39%53.46%52.26%52.64%52.50%52.67%52.69%52.69%52.42%52.42%
No. of Shareholders24,14623,68524,01024,52125,92425,93525,41825,17524,89724,70424,44524,367

Fundamentals

Market Cap₹ 63.5 Cr.
Current Price₹ 20.6
Book Value₹ 50.7
ROCE2.19 %
ROE-2.61 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)-5%
Compounded Profit Growth (TTM)-126%
Consolidated figures.
Valuation
Market capRs 62 Cr
Enterprise valueRs 152 Cr
Price to book0.40x
Price to sales0.18x
EV / EBITDA6.74x
EV / EBIT18.97x
EV / sales0.44x
Price to cash flow3.29x
Earnings yield-0.53%
P/E, 3-year average51.88x
P/B, 3-year average0.63x
P/E, 5-year average35.16x
P/B, 5-year average0.70x
Profitability
Operating margin (excl. other income)4.04%
Operating margin (incl. other income)7.39%
EBITDA margin6.52%
Pre-tax margin-0.15%
Net profit margin-0.10%
Net margin, latest quarter0.12%
ROE0.39%
ROCE4.02%
ROA0.19%
ROE, 3-year average2.03%
ROCE, 3-year average5.30%
ROA, 3-year average0.92%
ROE, 5-year average4.50%
ROCE, 5-year average7.32%
ROA, 5-year average2.38%
ROIC (approx.)2.67%
Tax rate17.81%
Other income / net worth7.20%
Growth
Sales growth (latest year)-10.40%
Profit growth (latest year)-86.41%
Sales CAGR, 3 years4.25%
Sales CAGR, 5 years8.26%
Profit CAGR, 3 years-58.44%
Profit CAGR, 5 years-49.87%
Sales growth QoQ12.41%
Profit growth QoQ-97.12%
Sales growth YoY (latest quarter)12.30%
Profit growth YoY (latest quarter)-88.78%
Per share
EPS (TTM)Rs -0.11
EPS (latest year)Rs 0.20
EPS (latest quarter)Rs 0.04
EPS, 3-year averageRs 0.97
EPS, 5-year averageRs 2.05
Book value per shareRs 50.68
Sales per shareRs 112.49
Cash flow per shareRs 6.11
Free cash flow per shareRs 4.87
Dividend per share, 5-year averageRs 0.30
Dividends
Dividend payout, 5-year average7.25%
Efficiency
Asset turnover1.03x
Fixed asset turnover2.11x
Inventory turnover4.05x
Inventory days90 days
Debtor days28 days
Debtors turnover13.20x
Creditor days56 days
Cash conversion cycle80 days
Working capital days42 days
Leverage
Total debtRs 91 Cr
Cash and bankRs 1 Cr
Net debtRs 90 Cr
Debt to equity0.59x
Net debt / EBITDA4.00x
Interest coverage0.94x
Owners' fund to total sources47.87%
Debt to assets28.04%
Cash flow
Cash from Operating Activity (latest year)Rs 19 Cr
Cash from Investing Activity (latest year)Rs -3 Cr
Cash from Financing Activity (latest year)Rs -16 Cr
Net Cash Flow (latest year)Rs -1 Cr
Free cash flow (latest year)Rs 15 Cr
FCFE (approx.: FCF + change in debt)Rs 10 Cr
Cash from ops / profit, 5 years3.11x
Sales to cash flow17.86x
Statement figures
Net sales (TTM)Rs 347 Cr
Net sales (latest year)Rs 336 Cr
Sales (latest quarter)Rs 97 Cr
Operating profit excl. other income (latest year)Rs 14 Cr
Operating profit (latest quarter)Rs 4 Cr
Other income (TTM)Rs 8 Cr
EBITDA (TTM)Rs 23 Cr
PBDT (TTM)Rs 14 Cr
Profit before tax (TTM)Rs -1 Cr
Tax (latest year)Rs 0 Cr
Net profit (TTM)Rs -0 Cr
Net profit (latest year)Rs 1 Cr
Net profit (latest quarter)Rs 0 Cr
Depreciation (TTM)Rs 15 Cr
Depreciation (latest quarter)Rs 4 Cr
Interest (TTM)Rs 9 Cr
Cost of goods sold (latest year)Rs 252 Cr
Total expenditure (latest year)Rs 322 Cr
Total income (latest year)Rs 347 Cr
Share capitalRs 31 Cr
ReservesRs 125 Cr
Shareholders' fundsRs 156 Cr
Total assetsRs 326 Cr
Net blockRs 159 Cr
Capital work in progressRs 3 Cr
InvestmentsRs 11 Cr
ReceivablesRs 25 Cr
InventoryRs 62 Cr
Other liabilitiesRs 79 Cr
Shares outstanding (crore)3.08
Ownership
Promoter holding32.71% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/B 0.40 is the lowest in 9.4 years (median 1.08).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodPIONEEREMBNifty 50Difference
1 week-7.5%-2.8% -4.7 pts
1 month-7.6%-6.8% -0.8 pts
3 months-11.5%-7.6% -3.9 pts
6 months+0.8%+0.4% +0.3 pts
1 year-44.4%-9.9% -34.5 pts
2 years-62.4%-13.6% -48.8 pts
3 years-58.8%+14.2% -73.0 pts
5 years-67.2%+27.9% -95.1 pts

Red flags

F-score 5 of 8
explainLow interest cover Interest cover 1.1x in 2026
lookProfit leans on other income Other income was 1541% of pre-tax profit in 2026
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹97 Cr +12.3% vs Jun 2025. Net profit ₹0 Cr -88.8%.
Against our estimate for Jun 2026: sales +23.8%, profit +39.4% in line. Our estimate for Sep 2026: sales Rs 87 Cr, profit Rs 0 Cr (how).

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2024-07-30Annual General Meeting
2023-09-22Annual General Meeting
2022-07-04Dividend - Rs 0.30 Per Share
2022-07-04Annual General Meeting/Dividend - Rs 0.3 Per Share
2021-07-08 Annual General Meeting/Dividend - Rs 0.25 Per Share
2020-08-25 Annual General Meeting
2019-08-21 Annual General Meeting
2018-08-10 Annual General Meeting
2017-08-21 Annual General Meeting
2016-07-20 Annual General Meeting
2015-07-15Annual General Meeting
2014-07-11Annual General Meeting
2013-08-02Annual General Meeting
2012-12-13Annual General Meeting
2011-09-19Annual General Meeting
2010-09-22Annual General Meeting
2009-12-22Annual General Meeting
2008-12-22Annual General Meeting
2007-09-24Agm/Dividend-15%
2006-12-21Agm/Dividend -15%
DateTypeWhat it says
2026-08-20Shareholder meetingDetails regarding voting results Pursuant to Regulation 44(3) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requiremen...
2026-08-20Shareholder meetingPROCEEDING OF THE 34th ANNUAL GENERAL MEETING HELD ON 20TH AUGUST, 2026
2026-08-14Board meeting outcomePioneer Embroideries Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-07-10Structural Digital DatabaseCompliance certificate for the quarter ended 30th June, 2026
2026-06-22Disclosure under SEBI TakeovRAJ KUMAR SEKHANI  has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantia...
2026-05-26UpdatesPursuant to Regulation 33 of the SEBI (Listing Obligation & Disclosure Requirements) Regulations, 2015, Board has inter-alia considered and approved t...
2026-05-26General UpdatesGeneral Updates
2026-05-26Board meeting outcomePioneer Embroideries Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
2026-05-26Disclosure under SEBI TakeovPioneer Embroideries Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (...
2026-04-13Structural Digital DatabaseCompliance certificate for the quarter ended 31st March, 2026
2026-03-24Reply to Clarification- FinaThe Exchange had sought clarification from Pioneer Embroideries Limited for the quarter ended 31-Dec-2025 with respect to Regulation 33 of the SEBI (L...
2026-03-11Clarification - Financial ReThe Exchange has sought clarification from Pioneer Embroideries Limited for the quarter ended 31-Dec-2025 with respect to Regulation 33 of the SEBI (L...
2026-02-12UpdatesOUTCOME OF BOARD MEETING HELD ON 12.02.2026.
2026-02-12Board meeting outcomePioneer Embroideries Limited has submitted to the Exchange, the financial results for the period ended December 31, 2025.
2026-01-17Shareholder meetingVoting results of Postal Ballot
2026-01-16Structural Digital DatabaseCompliance certificate for the quarter ended 31st December, 2025
2025-12-01Shareholder meetingNotice of Postal Ballot
2025-11-25Credit Rating- NewCredit Rating- New
2025-11-13Board meeting outcomeOutcome of Board Meeting held on 13-11-2025
2025-11-13General UpdatesGeneral Updates
2025-11-13Board meeting outcomeBoard meeting held on November 13, 2025.
2025-10-13Structural Digital DatabaseGeneral Updates
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Order dateForumCase
2021-01-28NCLTHiralal Lunawat Vs Pioneer Embroideries Ltd
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
Less than 100 unique PAN traded in previous 30 daysScrip PE is greater than 50 (4 trailing quarters)

Quick answers

What is the market cap of Pioneer Embroideries Ltd?

Pioneer Embroideries Ltd (PIONEEREMB) has a market capitalisation of Rs 63.5 Cr. at the 2026-10-01 close.

What were Pioneer Embroideries Ltd's latest quarterly results?

In the Jun 2026 quarter, Pioneer Embroideries Ltd sales was Rs 97 Cr (+12.3% vs Jun 2025) and net profit was Rs 0 Cr.

What is the 52-week high and low of Pioneer Embroideries Ltd?

The 52-week high is Rs 38.50 and the 52-week low is Rs 19.61.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03