Paul Merchants Limited

Paul Merchants Limited (PML) is a micro-cap Financial Services company valued at ₹151 crore operating in Other Financial Services on the NSE and BSE.

Recent price move

Paul Merchants Limited last traded at ₹473.95, modestly up 1.99% on the day.

Recent developments

On 2026-06-30, the company reported a net profit of ₹9 crore for the latest quarter, marking a sharp decline from ₹287 crore in the same quarter a year earlier. The company also reported a net profit of ₹2 crore for the quarter ending 2026-03-31, showing a significant improvement from the ₹14 crore loss in the quarter ending 2025-12-31.

Financial performance

The company's business has improved significantly, with annual net profit rising 320.3% to ₹269 crore, while annual revenue fell 36.8% to ₹2,110 crore. However, the latest quarter showed a sharp decline, with net profit dropping 96.9% to ₹9 crore, despite revenue falling 2.5% to ₹481 crore compared to the same quarter a year earlier.

Valuation multiples

The stock trades at 0.5 times earnings, a discount to the Financial Services median of 19.3, 0.16 times book value.

Things to watch

The company's return on equity and return on capital employed are both negative, indicating poor profitability relative to equity and capital employed. The latest quarter's net profit fell 96.9% compared to the same quarter a year earlier, and the company has not paid any dividends despite reporting repeated profits.

Where it stands

The company has seen a dramatic increase in net profit over the past year, but recent quarters show a sharp decline in profitability. The most significant movement is the 96.9% drop in net profit in the latest quarter compared to the same quarter a year earlier.

Summarised by DocStoX's model on 2026-10-04 from company filings, exchange data and news. This is a factual summary, not a rating or a recommendation. Informational only, not investment advice. Consult a SEBI-registered adviser before investing.