Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 8 Sep - Post dispatch AGM Notice - Newspaper Advertisement.
Source: Bse
Pioneer Investcorp Limited (PIONRINV)
Small CapFinancial Services stocks · Small cap · NSE
Pioneer Investcorp Limited operates in Investment, within the Financial Services sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.
₹53.55
+0.45 · +0.85%
Market cap ₹85.3 Cr
Data qualityFresh enough for analysisQuote updated 19 Oct, 05:50 pm ISTDetails
Quote19 Oct, 05:50 pm IST
Base fundamentals06 Oct 2026 · screener
Latest result12 Aug, 04:59 pm IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags02 May 2026
Coverage14/14 · 100%
Valuation2026-07-20 · Rf 6.8% · Financial Services P/E 17.0 (n=243)
Technical timing lens
Trend score and candlestick chart
41NeutralSMA20 -18.0% / mo · RSI oversold · MACD − · near 52W low
Stock trend: 39
Sector RS: 44
Sector 3M: -5.8% vs Nifty 500 -5.6%
Financial Services FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
PIONRINVD candles · FIT view-49.6%Latest close ₹53.55 on 2026-10-19
Daily history is available from 2026-04-20; the requested 1Y window is partially covered.
Bar
-3.7%
RSI
24
MACD hist
-1.32
52W pos
6%
2026-10-19O ₹55.58H ₹55.58L ₹51.00C ₹53.55Vol 5,994 sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
PIONRINVNifty Financial ServicesNifty 500
- PIONRINV
- -45.9%
- Nifty 500
- -5.6%
- Nifty Financial Services
- -6.0%
- Vs Nifty 500
- -40.3 pp
Chart stats
19 Oct 2026- From 52W high
- -60.5%
- 52W range position
- 6%
- ATR (14)
- 7.4%
- Volume vs 20D
- 0.74x
- Avg traded value
- ₹0 Cr
- 20D price channel
- ₹48.4 - ₹81.8
₹135.4
₹48.4 - ₹135.4
₹4
Latest completed session
20-session average
45.6% annualized volatility
Research snapshot
What the evidence says now
Investable fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend argues for patience, and recent execution is weak.
Suggested next step
Check latest quarters
Result consistency is weak; verify whether the thesis is improving or deteriorating.
U-Score
Legacy · UNDERVALUED62
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Bad0
Revenue -56.2% · PAT -45.1% YoY
Technical
Neutral41
Price trend and sector-relative-strength timing.
Valuation
Legacy model+81.9%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence56
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Bad · 0/100Rev -56% YoY · PAT -45% YoY · margin compression · +72% QoQ · operating leverage
Filed 12 Aug 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹6.7 Cr | -56.2% | +71.8% |
| EBITDA | ₹1.6 Cr | -76.3% | +150.2% |
| Operating margin | 24.3% | -2061 bps | +10766 bps |
| PAT | ₹2 Cr | -45.1% | +17.2% |
| PAT margin | 29.6% | +597 bps | -1378 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 5.97
- P/B
- 0.50
- EV/EBITDA
- 12.95
- Market Cap
- 85.30Cr
Profitability
- ROE
- 9.60%
- ROCE
- 10.90%
- ROA
- 3.36%
- Dividend Y
- —
Growth (CAGR)
- Revenue 5Y
- 12.00%
- EPS 5Y
- 78.00%
- Revenue 3Y
- 19.00%
- EPS 3Y
- 97.00%
Balance Sheet
- Debt/Equity
- 0.63
- Interest Coverage
- 1.27×
- Altman Z
- 1.09
- Book Value
- 140.00
Cash Flow
- FCF Yield
- 50.41%
- FCF Positive Y
- 6/5
- OCF
- 68.00 Cr
- EPS TTM
- 11.60
Shareholding
- Promoter Hold
- 65.91%
- Promoter Pledge
- 43.20%
- Momentum 52W
- 13%
Financial History
Updated 18/10/2026
Revenue
₹ CrLatest: 6.7+71.8% vs prev
Net Profit
₹ CrLatest: 2.0+17.2% vs prev
ROE is shown only in the Annual view — quarterly equity data isn't published.
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Mixed signalsSignals are conflicting — long-term trend unclear. RSI 24. Wait for confirmation.
- SMA20 falling (~21.9% over last month) — short-term momentum negative.
- RSI(14) at 24 — oversold zone; bounce conditions.
- MACD below signal but histogram contracting — bearish momentum easing.
- 60% off 52W high · 11% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
4
RS percentile
Insufficient history
1M return
-32.0%
3M return
-42.8%
6M return
-49.6%
1Y return
-
RS 1D
-
RS 20D
-
Sector rank
#10
Industry rank
#16
Stage evidence
- At least 170 daily sessions are required for the trend-stage read.
50-DMA
price below
200-DMA
unavailable
Sector
weakening
Industry
leading
Partial-history RS: the 3M and 6M weights are re-normalised because 12M history is unavailable.
Relative-strength line vs Nifty 500 (base 100)
125 observations
19 Oct 2026Value 52.33+1.89%
RS vs Nifty 50052
Valuation & peers
U-Score 62 · legacy U-Score band UNDERVALUED · valuation evidence and comparable companies
Valuation & peers
U-Score 62 · legacy U-Score band UNDERVALUED · valuation evidence and comparable companies
Deep Value
Fundamental score breakdown
U band · UNDERVALUEDValuation30/30
Growth23/25
Quality2/20
Balance Sheet1/15
Cash Flow8/10
Piotroski
7/9 (+5)
Penalties
-7
Raw sum
62
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
62/100 · legacy band UNDERVALUED
Positive drivers
- FCF yield is supportive at 50.4%.
- Piotroski is strong at 7/9.
- Fair-value margin of safety is positive at 81.9%.
Main drags
- Altman Z is 1.1, in distress territory.
- Promoter pledge is 43.2%.
- Penalty bucket subtracts 7 points.
Sector valuation model
Blended valuation: PE, EV/EBITDA, FCF yield, and balance-sheet checks
For this sector, IndiaPulse uses a blended lens rather than relying on a single valuation ratio.
Primary lens
PE, EV/EBITDA, margin of safety, and FCF yield together.
Secondary checks
ROE/ROCE, growth, cash conversion, leverage, promoter risk.
Main risk check
One cheap metric is not enough if quality or cash flow is weak.
PE
6.0
PB
0.5
EV/EBITDA
12.9
ROE
9.6%
ROCE
10.9%
FCF Yield
50.4%
Debt/Equity
0.6
MoS
+81.9%
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 21 Oct 2026
v4.3-runtime-valuation
Final score
62
Previous: 62
Legacy U-Score band
UNDERVALUED
Previous: UNDERVALUED
Margin of safety
+81.9%
Previous: +81.9%
Score history
12 stored score snapshots. Latest stored move: +0 points.
21 Oct 2026
v4.3-runtime-valuation
62
62
62
62
62
62
62
62
62
62
62
62
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹191.15
+72.0% MoS
Growth-justified P/E
25.5
Growth-justified Value
₹295.8
+81.9% MoS
PEG
0.07
Comparable companies
Peers
Business-comparable peers in Financial Services — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
PALASHSECU
Small
Palash Securities Limited
Financial Services
match 89
59
5.5
3.0%
+79%
FAIR VALUE
ICDSLTD
Small
ICDS Limited
Financial Services
match 84
26
87.2
5.5%
-290%
OVERVALUED
HBSL
Small
HB Stockholdings Limited
Financial Services
match 81
16
—
-12.8%
—
OVERVALUED
21STCENMGM
Small
21st Century Management Services Limited
Financial Services
match 81
15
—
-57.2%
—
OVERVALUED
ONELIFECAP
Small
Onelife Capital Advisors Limited
Financial Services
match 77
21
17.0
10.0%
+24%
OVERVALUED
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Issuer presentation review pending
Pioneer Investcorp Limited operates in Investment, within the Financial Services sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 30 Jun 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.
Trust Score
56Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 18th percentile of the scored universe and 31st percentile within Financial Services. Main check: results consistency is weak at 31/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
5 docs text-extracted · 0 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
18th percentile
overall median 67 · Financial Services: 31st pctile, median 62 · Small: 20th pctile, median 66
Evidence depth
Financial-only
5 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Needs extra due diligence; demand valuation comfort and recent improvement.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
43
weak · holding, pledge, alignment
Cash flow
89
strong · profit to cash conversion
Balance sheet
33
weak · leverage and solvency
Discipline
68
acceptable · capital discipline
Results
31
weak · quarterly consistency
Trust positives
- ▸Promoter holding is 65.9%.
- ▸FCF yield is 41.8%.
- ▸6 years of positive FCF.
Trust risks
- ▸Promoters have pledged 43.2% of holding.
- ▸Altman Z is 1.14.
- ▸2 latest quarters had PAT decline worse than 25% YoY.
- ▸Interest coverage is 1.3x.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Pioneer Investcorp Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 19 Aug - Intimation for Newspaper Advertisement under Regulation 47(3) of SEBI (LODR) Regulations, 2015.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Code of Conduct under SEBI (PIT) Regulations, 2015 18 Jun - Promoter group member Gaurang Gandhi disclosed purchase of Pioneer Investcorp equity shares.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 1 Jun - Intimation under Regulation 47(3) of SEBI (LODR) Regulations 2015
Source: Bse
Annual report
Annual Report 2026
Source: Bse
Annual report
Annual Report 2025
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.