Company Overview
Paul Merchants Limited, together with its subsidiaries, provides financial services in India. It operates through Forex, Travel, and Other segments. The company offers foreign exchange services in the form of currency notes, traveler cheques, travel cards, outward remittance, and foreign currency drafts; tour and travel services, including air ticketing, hotel accommodation, bus and cruise tours, holiday packages, travel insurance, and forex services; domestic and international money transfer services; PPI instruments; insurance products; business, personal, and gold loans; and business payment solutions for legal, financial, and educational institutions. It also engages in buying and selling real estate properties. The company was formerly known as Brite Agro Mills Ltd and changed its name to Paul Merchants Limited in 1991. Paul Merchants Limited was incorporated in 1984 and is based in Chandigarh, India.
Why Investors Should Care
Generates a return on equity of 30.0%, reflecting efficient use of shareholder capital.
Net profit has compounded at 30.0% per year over the last five years.
Trades at an undemanding P/E of 0.6.
Generates positive free cash flow, funding growth and shareholder returns internally.
Recent Developments
- Mar 2026 Revenue of ₹2,074.00 Cr (-37.8% YoY); net profit ₹269.00 Cr.
- Trailing 12 Months Year-on-year growth — revenue -37.8%, earnings +320.3%.
- 5-Year Trend Long-term compounding — revenue CAGR -0.4%, profit CAGR 30.0%.
Growth & Price Performance
Compounded Sales Growth
| 5 Years: | -0.39% |
| 1 Year: | -37.83% |
Compounded Profit Growth
| 5 Years: | 30.01% |
| 1 Year: | 320.31% |
Stock Price Performance
| 1 Year: | -20.92% |
| 6 Months: | - |
| 3 Months: | - |
| 1 Month: | -5.31% |
Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.
- Price vs 50-DMABelow
- RSI (14)43.34 · Neutral
Auto-generated from price history and fundamentals; not investment advice.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth Charts
No fundamental data available for this stock.
Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.
PROS
- Strong return on equity of 30.0%.
- Profit CAGR of 30.0% over 5 years.
- Generates positive free cash flow.
CONS
- Revenue declined at -0.4% CAGR over 5 years.
* The pros and cons are auto-generated from financial metrics.
Valuation
Growth (CAGR)
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios
Quarterly Results
Figures in INR.
| Metric | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1,697.61 Cr | 1,835.98 Cr | 1,839.25 Cr | 2,090.40 Cr | 853.88 Cr | 1,015.90 Cr | 986.28 Cr | 750.04 Cr | 582.46 Cr | 493.30 Cr | 593.41 Cr | 504.79 Cr | 482.12 Cr |
| Operating Expenses | 1,679.43 Cr | 1,808.63 Cr | 1,809.89 Cr | 2,057.63 Cr | 859.54 Cr | 1,016.37 Cr | 987.50 Cr | 752.69 Cr | 585.43 Cr | 497.46 Cr | 601.15 Cr | 507.95 Cr | 482.54 Cr |
| Operating Income | 17.01 Cr | 26.15 Cr | 28.01 Cr | 31.12 Cr | -7.22 Cr | -1.20 Cr | -2.27 Cr | -3.61 Cr | -4.04 Cr | -4.99 Cr | -9.16 Cr | -4.77 Cr | -2.03 Cr |
| EBITDA | 18.18 Cr | 27.35 Cr | 29.36 Cr | 32.77 Cr | -5.66 Cr | -47.00 L | -1.22 Cr | -2.65 Cr | -2.97 Cr | -4.16 Cr | -7.74 Cr | -3.16 Cr | -42.00 L |
| Interest Expense | 6.62 Cr | 8.73 Cr | 10.15 Cr | 11.48 Cr | 69.00 L | 28.00 L | 66.00 L | 49.00 L | 53.00 L | 53.00 L | 24.00 L | 16.00 L | 16.00 L |
| Pretax Income | 10.95 Cr | 18.46 Cr | 19.39 Cr | 22.67 Cr | 9.14 Cr | 14.18 Cr | 16.67 Cr | 17.72 Cr | 16.50 Cr | 288.30 Cr | -2.02 Cr | -11.85 Cr | 3.99 Cr |
| Tax Provision | 2.51 Cr | 4.79 Cr | 4.86 Cr | 5.58 Cr | -19.01 L | 87.07 L | 57.01 L | -1.06 L | -18.98 L | 83.61 L | -4.60 Cr | -2.54 Cr | 1.66 Cr |
| Net Income | 8.43 Cr | 13.67 Cr | 14.53 Cr | 17.09 Cr | 9.34 Cr | 13.32 Cr | 16.10 Cr | 17.72 Cr | 16.69 Cr | 287.46 Cr | -6.61 Cr | -14.40 Cr | 2.29 Cr |
| Diluted EPS | 27.19 | 44.10 | 46.87 | 55.42 | 30.29 | 43.19 | 52.20 | 57.46 | 54.12 | 932.10 | -21.43 | -46.69 | 7.43 |
Profit & Loss (Annual)
Figures in INR.
| Metric | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2,165.00 Cr | 2,466.00 Cr | 2,891.00 Cr | 4,553.00 Cr | 4,928.00 Cr | 5,405.00 Cr | 3,041.00 Cr | 5,367.00 Cr | 7,012.00 Cr | 6,506.00 Cr | 3,336.00 Cr | 2,074.00 Cr |
| Operating Expenses | 2,138.00 Cr | 2,433.00 Cr | 2,881.00 Cr | 4,529.00 Cr | 4,901.00 Cr | 5,363.00 Cr | 2,991.00 Cr | 5,300.00 Cr | 6,929.00 Cr | 6,497.00 Cr | 3,343.00 Cr | 2,089.00 Cr |
| Operating Income | 24.00 Cr | 29.00 Cr | 7.00 Cr | 21.00 Cr | 24.00 Cr | 39.00 Cr | 48.00 Cr | 65.00 Cr | 79.00 Cr | 6.00 Cr | -11.00 Cr | -20.00 Cr |
| EBITDA | 27.00 Cr | 32.00 Cr | 10.00 Cr | 25.00 Cr | 27.00 Cr | 42.00 Cr | 51.00 Cr | 68.00 Cr | 83.00 Cr | 9.00 Cr | -7.00 Cr | -15.00 Cr |
| Interest Expense | 4.00 Cr | 3.00 Cr | 2.00 Cr | 2.00 Cr | 1.00 Cr | 2.00 Cr | 5.00 Cr | 11.00 Cr | 20.00 Cr | 2.00 Cr | 2.00 Cr | 1.00 Cr |
| Pretax Income | 24.00 Cr | 31.00 Cr | 16.00 Cr | 220.00 Cr | 24.00 Cr | 36.00 Cr | 44.00 Cr | 54.00 Cr | 60.00 Cr | 62.00 Cr | 65.00 Cr | 278.00 Cr |
| Tax Provision | 8.40 Cr | 10.85 Cr | 3.68 Cr | 6.60 Cr | 1.92 Cr | 9.36 Cr | 10.12 Cr | 14.04 Cr | 15.60 Cr | 7.44 Cr | 1.30 Cr | 8.34 Cr |
| Net Income | 15.00 Cr | 20.00 Cr | 13.00 Cr | 214.00 Cr | 22.00 Cr | 26.00 Cr | 33.00 Cr | 40.00 Cr | 44.00 Cr | 55.00 Cr | 64.00 Cr | 269.00 Cr |
| Diluted EPS | 49.29 | 65.71 | 41.35 | 688.58 | 71.23 | 85.06 | 107.90 | 129.58 | 141.97 | 177.14 | 207.00 | 871.40 |
Balance Sheet (Annual)
Figures in INR.
| Metric | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | 198.00 Cr | 218.00 Cr | 228.00 Cr | 473.00 Cr | 405.00 Cr | 455.00 Cr | 535.00 Cr | 649.00 Cr | 890.00 Cr | 1,156.00 Cr | 1,591.00 Cr | 940.00 Cr |
| Total Equity | 118.00 Cr | 139.00 Cr | 149.00 Cr | 364.00 Cr | 367.00 Cr | 393.00 Cr | 427.00 Cr | 467.00 Cr | 511.00 Cr | 565.00 Cr | 629.00 Cr | 897.00 Cr |
| Total Debt | 21.00 Cr | 24.00 Cr | 18.00 Cr | 22.00 Cr | 17.00 Cr | 33.00 Cr | 80.00 Cr | 132.00 Cr | 307.00 Cr | 493.00 Cr | 24.00 Cr | 10.00 Cr |
Cash Flows (Annual)
Figures in INR.
| Metric | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 108.00 Cr | 21.00 Cr | 18.00 Cr | -276.00 Cr | 13.00 Cr | -83.00 Cr | -69.00 Cr | -38.00 Cr | -154.00 Cr | -135.00 Cr | 448.00 Cr | 412.00 Cr |
| Investing Cash Flow | -22.00 Cr | -16.00 Cr | 1.00 Cr | 241.00 Cr | -25.00 Cr | 73.00 Cr | 23.00 Cr | 6.00 Cr | 0 | -5.00 Cr | 17.00 Cr | -387.00 Cr |
| Financing Cash Flow | -76.00 Cr | -2.00 Cr | -5.00 Cr | 2.00 Cr | -6.00 Cr | 13.00 Cr | 42.00 Cr | 41.00 Cr | 155.00 Cr | 143.00 Cr | -471.00 Cr | -14.00 Cr |
| Capital Expenditure | -23.00 Cr | -13.00 Cr | -3.00 Cr | 235.00 Cr | -3.00 Cr | 7.00 Cr | -2.00 Cr | -3.00 Cr | -8.00 Cr | -11.00 Cr | -4.00 Cr | -9.00 Cr |
| Free Cash Flow | 85.00 Cr | 8.00 Cr | 15.00 Cr | -41.00 Cr | 10.00 Cr | -76.00 Cr | -71.00 Cr | -41.00 Cr | -162.00 Cr | -146.00 Cr | 444.00 Cr | 403.00 Cr |
| Net Change in Cash | 11.00 Cr | 2.00 Cr | 14.00 Cr | -34.00 Cr | -18.00 Cr | 4.00 Cr | -4.00 Cr | 9.00 Cr | 2.00 Cr | 3.00 Cr | -6.00 Cr | 11.00 Cr |
Ratios (Annual)
Figures in %.
| Metric | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin % | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 1.1% | 1.2% | 0.2% | 0.5% | 0.5% | 0.7% | 1.6% | 1.2% | 1.1% | 0.1% | -0.3% | -1.0% |
| Net Margin % | 0.7% | 0.8% | 0.4% | 4.7% | 0.4% | 0.5% | 1.1% | 0.7% | 0.6% | 0.8% | 1.9% | 13.0% |
| ROE % | 12.7% | 14.4% | 8.7% | 58.8% | 6.0% | 6.6% | 7.7% | 8.6% | 8.6% | 9.7% | 10.2% | 30.0% |
| ROCE % | - | - | - | - | - | - | - | - | - | - | - | - |
Shareholding Pattern
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
Recent headlines for PML
Price to earnings forward of Pimco Municipal Income Fund II – NYSE:PML - TradingView
<a href="https://news.google.com/rss/articles/CBMingFBVV95cUxQS000Yy03NUFuSHo4WHF2Y1d5NkNmWE1JSGZId1NmVnN6Z2dlaXY4YWtuNWdZek9EaklVRjdjSzl1RjZTSWhUWkY1SUwwdWhDaUVhNUh1VXhpQ3RnSWhkemFEOWl2a1IwWmM0aVlzc1NCaTdadllFQTFzVjVIaWY5ekxTSU8yOGdLSXhndD…
PIMCO Municipal Income II (NYSE: PML) files Form 3 for officer - Stock Titan
<a href="https://news.google.com/rss/articles/CBMiygFBVV95cUxOU2R1Yk1JLXEzQ09YdHVEMWh3VHFGdU8xRC1WNzdBNTg1emFrUWk0SThLRDlSNU5PaUt6ZXNnSmZDUUdZTENFZjRSVWgzQXNFNXdqTTdFV3NZZ1BienpfR25INDBYSFh5b19JaXdKZ24tV2xzSUpIZXB4bWhndWJWVWNOOEVzazE4NmlRUT…
The Technical Signals Behind (PML) That Institutions Follow - Stock Traders Daily
<a href="https://news.google.com/rss/articles/CBMi1AFBVV95cUxOMllkYzFnNmxaZ2I1MU5TS3VDLUstSC1FR0Ytdko1TVp1cWJnYmc2WU1jNXh1TXlDVWN0aEZSMlVLN2NseGEtRVFPdmkwbFJKN21rcGkyNmt1MGdURzg1M3o5NXFIOXVHMFc0WUR5RUFTb1ItQVM5TTI5eVVRdFZoYjRnV1dxNWxqLUtwaG…
PIMCO Municipal Income Fund II (PML) officer Russel Davenport files Form 3 - Stock Titan
<a href="https://news.google.com/rss/articles/CBMiygFBVV95cUxQbzczbHR6TXR3dktpT2pRLWhLbWRKR1czaXNONzhoQ0xIdjlsUUtYRHRnZWI0NmpUbS1vb3Q0MnMxcGdDaDNnMU1ETXdzNjV6QUYtam9NeTMyQml1MEZlU3Y1RzVMYlAwUXhDNjhjb2ZyQzRnQWhpdEhVTUtPNElSTlZKTXEtTl9PSDVaRj…
Pimco Municipal Income Fund II (PML) Edges Higher as Steady Income Play Holds Key Support - Passive Flow - DonanımHaber
<a href="https://news.google.com/rss/articles/CBMi0gFBVV95cUxPWUpZYThMMVFCcEdMT01IT3BJa2tnTWx6cTJLcVZLaWFjb2pLclFILUNJbkswZWl1ZXZiWmpSM2MxMzV3NUs5TzgySC00LW80R0xqckl4M1JOMW9aNVVwMkxNZEdEaDRwWk5HTHVLUHoxUjc2MUJPMHRUX0dTTlBaRkRrS3R0UVlybW0zQk…
Assistant treasurer at PIMCO Municipal II (NYSE: PML) files Form 3 - Stock Titan
<a href="https://news.google.com/rss/articles/CBMiygFBVV95cUxNWTVWVlVXUE1KWXNtQnpkVjFYQnhJY0tVdmdEbVMwNGdtaTdkWTJyMUlEcDItbExNdDJUZUQxZ1k2YXFmUWNldHBiTVBaRHFweXYxYk1sZldvdTk2N2RZeHlOU2kwZ3FTck5lMTlqSDJyQ0hQSWhfMnNjRjF0dV9YYW1GdUw2UnIzSWh6dm…
PML — Frequently Asked Questions
What is the current share price of Paul Merchants Limited (PML)?
As of 2026-07-15 09:52 IST, Paul Merchants Limited (PML) trades at ₹480.00 on NSE. Its 52-week range is ₹458.30 to ₹622.10.
What is the P/E ratio of PML?
PML trades at a trailing price-to-earnings (P/E) ratio of 0.55. Its price-to-book (P/B) ratio is 0.16.
What is the return on equity (ROE) of PML?
PML has a return on equity (ROE) of 29.99%.
Is PML a good stock to buy?
This page provides a data-driven analysis of Paul Merchants Limited (PML), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.