PAUL MERCHANTS LTD. (PML) financials

PAUL MERCHANTS LTD. (PML) NSE/BSE financials on Fincrux: quarterly results, profit and loss, cash flow, balance sheet, ratios, and shareholding.

Paul Merchants Ltd is a Chandigarh-operated financial-services group active since 1984. The parent is an RBI-authorised AD Category-II foreign-exchange and cross-border-payments intermediary offering travel and money-transfer services, while subsidiaries house lending, real estate and IT operations. Its shares are listed on BSE and permitted to trade on NSE under PML.[1][2]

Market Cap: ₹142Cr.
Current Price: ₹461
Stock P/E: 11.3
ROE: 2.47%
ROCE: 3.44%
Book Value: ₹1,606
Dividend Yield: 0.00%
52W High / Low: ₹710/407

In Jun 2026, PAUL MERCHANTS LTD. (PML) reported sales ₹469.00 Cr and net profit ₹0.86 Cr.

Annual TTM: sales ₹2,032 Cr, net profit ₹13 Cr.

Shareholding: Promoters 74.66% (Sep 2026), FIIs 0.00% (Sep 2026), Public 25.35% (Sep 2026), No. of Shareholders 4,183% (Sep 2026).

PML quarterly results (₹ Cr.)
Category	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales	985.41	749.25	578.09	493.07	591.22	499.61	472.02	469.00
Expenses	985.66	750.85	580.72	494.86	593.67	501.76	474.74	470.95
Operating Profit	-0.25	-1.60	-2.63	-1.79	-2.45	-2.15	-2.72	-1.95
OPM %	-0.03%	-0.21%	-0.45%	-0.36%	-0.41%	-0.43%	-0.58%	-0.42%
Other Income	5.00	3.25	4.44	4.63	18.35	3.72	4.28	4.08
Interest	0.30	0.30	0.25	0.29	0.10	0.08	0.08	0.09
Depreciation	0.78	0.82	0.88	0.73	0.95	1.04	1.04	0.82
Profit before tax	3.67	0.53	0.68	1.82	14.85	0.45	0.44	1.22
Tax %	25.89%	69.81%	23.53%	20.33%	23.10%	91.11%	34.09%	30.33%
Net Profit	2.72	0.16	0.52	1.44	11.42	0.04	0.30	0.86
EPS in Rs	8.82	0.52	1.69	4.67	37.03	0.13	0.97	2.79
Raw PDF	—	—	—	—	—	—	—	—

PML profit and loss (₹ Cr.)
Category	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	5,370	2,982	5,299	6,921	6,529	3,345	2,083	2,032
Expenses	5,351	2,965	5,271	6,884	6,490	3,333	2,065	2,041
Operating Profit	19	17	28	37	38	12	18	-9
OPM %	0.3%	0.6%	0.5%	0.5%	0.6%	0.4%	0.9%	-0.5%
Other Income	1	2	1	1	1	1	4	30
Interest	0	0	0	1	2	1	1	0
Depreciation	3	2	2	2	3	3	4	4
Profit before tax	17	16	27	35	35	8	18	17
Tax %	28%	21%	26%	26%	26%	28%	25%	—
Net Profit	12	13	20	26	26	6	13	13
EPS in Rs	38.39	40.90	65.77	83.81	84.70	19.16	42.77	40.92
Dividend Payout %	2%	0%	0%	0%	0%	0%	0%	—

PML balance sheet (₹ Cr.)
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	1	1	1	1	1	3	3	3
Reserves	379	390	403	424	449	473	479	492
Borrowings	0	1	5	10	20	14	16	7
Other Liabilities	17	22	18	37	56	53	31	25
Total Liabilities	397	414	427	471	526	543	530	527
Fixed Assets	75	62	59	58	57	61	61	62
CWIP	0	0	0	0	0	0	0	0
Investments	259	223	203	196	190	237	243	372
Other Assets	63	129	165	217	279	245	225	94
Total Assets	397	414	427	471	526	543	530	527

PML cash flows (₹ Cr.)
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity	94	5	-5	22	20	-14	-27	-3
Cash from Investing Activity	-95	-8	4	-22	-25	17	34	8
Cash from Financing Activity	-18	-0	4	4	9	-8	2	-10
Net Cash Flow	-19	-3	3	5	3	-5	8	-5
Free Cash Flow	92	14	-4	22	19	-21	-31	-6
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit	592%	47%	-10%	102%	78%	-15%	-205%	8%

PML shareholding pattern (%)
Category	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Promoters	74.66%	74.66%	74.66%	74.66%	74.66%	74.66%	74.66%	74.66%
FIIs	0.22%	0.16%	0.16%	0.16%	0.16%	0.00%	0.00%	0.00%
Public	25.14%	25.19%	25.19%	25.19%	25.19%	25.35%	25.34%	25.35%
No. of Shareholders	4,402	4,457	4,419	4,368	4,316	4,255	4,237	4,183

PML key ratios
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	0	0	0	0	0	0	1	1
Inventory Days	0	0	1	0	0	0	1	1
Days Payable	0	0	0	0	0	0	0	0
Cash Conversion Cycle	0	0	1	0	0	0	1	2
Working Capital Days	3	7	17	11	11	10	17	4
ROCE %	4%	4%	4%	7%	8%	8%	2%	3%

PMLUpdated 21 Oct 2026, 10:11

Paul Merchants Ltd.

PMLUpdated 21 Oct 2026, 10:11

Market Cap

₹142Cr.

Current Price

₹461

High / Low

₹710/407

Stock P/E

11.3

ROE2.47%

ROCE3.44%

Book Value₹1,606

Face Value₹10.0

Dividend Yield0.00%

About

Quarterly results

Last reported quarters₹ Cr.

Quarter	Sales	Interest	Expenses	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Jun 2023	1801.56	0.46	1796.03	6.49	0.41	11.15	27.09	8.13	26.23
Sep 2023	1799.03	0.45	1795.32	7.35	0.67	9.94	23.84	7.56	24.39
Dec 2023	2046.03	0.39	2042.67	8.16	0.76	10.37	26.33	7.63	24.74
Mar 2024	853.51	0.41	856.43	7.9	0.88	3.69	24.12	2.8	9.08
Jun 2024	1015.83	0.37	1016.09	4.72	0.73	3.36	25.3	2.5	8.11
Sep 2024	985.41	0.3	985.66	5	0.78	3.67	25.89	2.72	8.82
Dec 2024	749.25	0.3	750.85	3.25	0.82	0.53	69.81	0.16	0.52
Mar 2025	578.09	0.25	580.72	4.44	0.88	0.68	23.53	0.52	1.69
Jun 2025	493.07	0.29	494.86	4.63	0.73	1.82	20.33	1.44	4.67
Sep 2025	591.22	0.1	593.67	18.35	0.95	14.85	23.1	11.42	37.03
Dec 2025	499.61	0.08	501.76	3.72	1.04	0.45	91.11	0.04	0.13
Mar 2026	472.02	0.08	474.74	4.28	1.04	0.44	34.09	0.3	0.97
Jun 2026	469	0.09	470.95	4.08	0.82	1.22	30.33	0.86	2.79

Profit & loss

Annual statement₹ Cr.

Year	Sales	Interest	Expenses	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Mar 2015	2165	4	2136	2	3	24	34	16	51.16
Mar 2016	2465	3	2431	3	3	32	35	20	65.87
Mar 2017	2894	2	2881	9	3	16	23	13	40.97
Mar 2018	4542	1	4525	207	3	219	3	213	687.39
Mar 2019	4910	0	4893	2	3	14	-5	15	48.55
Mar 2020	5370	0	5351	1	3	17	28	12	38.39
Mar 2021	2982	0	2965	2	2	16	21	13	40.9
Mar 2022	5299	0	5271	1	2	27	26	20	65.77
Mar 2023	6921	1	6884	1	2	35	26	26	83.81
Mar 2024	6529	2	6490	1	3	35	26	26	84.7
Mar 2025	3345	1	3333	1	3	8	28	6	19.16
Mar 2026	2083	1	2065	4	4	18	25	13	42.77
TTM	2032	0	2041	30	4	17	—	13	40.92

Shareholding pattern

As of Sep 2026%

Holder	Share
Promoters	74.66%
Public	25.35%

Shareholding trend

Ownership over time%

Quarter	Promoters	FIIs	Public
Dec 2023	74.66%	0%	25.35%
Mar 2024	74.66%	0%	25.35%
Jun 2024	74.66%	0%	25.36%
Sep 2024	74.66%	0.22%	25.12%
Dec 2024	74.66%	0.22%	25.14%
Mar 2025	74.66%	0.16%	25.19%
Jun 2025	74.66%	0.16%	25.19%
Sep 2025	74.66%	0.16%	25.19%
Dec 2025	74.66%	0.16%	25.19%
Mar 2026	74.66%	0%	25.35%
Jun 2026	74.66%	0%	25.34%
Sep 2026	74.66%	0%	25.35%

Balance sheet

Assets & liabilities₹ Cr.

Period	Equity Capital	Reserves	Borrowings	Other Liabilities	Total Liabilities	Fixed Assets	CWIP	Investments	Other Assets	Total Assets
Mar 2015	1	118	21	55	195	40	2	4	150	195
Mar 2016	1	138	24	52	216	50	1	9	155	216
Mar 2017	1	151	18	60	230	50	1	11	167	230
Mar 2018	1	364	17	85	467	75	0	190	201	467
Mar 2019	1	379	0	17	397	75	0	259	63	397
Mar 2020	1	390	1	22	414	62	0	223	129	414
Mar 2021	1	403	5	18	427	59	0	203	165	427
Mar 2022	1	424	10	37	471	58	0	196	217	471
Mar 2023	1	449	20	56	526	57	0	190	279	526
Mar 2024	3	473	14	53	543	61	0	237	245	543
Mar 2025	3	479	16	31	530	61	0	243	225	530
Mar 2026	3	492	7	25	527	62	0	372	94	527

Cash flows

Operating, investing & financing₹ Cr.

Period	Operating	Investing	Financing	Net cash flow
Mar 2015	108	-22	-76	11
Mar 2016	23	-18	-2	2
Mar 2017	19	1	-6	14
Mar 2018	-213	176	-2	-38
Mar 2019	94	-95	-18	-19
Mar 2020	5	-8	0	-3
Mar 2021	-5	4	4	3
Mar 2022	22	-22	4	5
Mar 2023	20	-25	9	3
Mar 2024	-14	17	-8	-5
Mar 2025	-27	34	2	8
Mar 2026	-3	8	-10	-5

Key ratios

Historical financial ratios

Category	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	8	6	4	1	0	0	0	0	0	0	1	1
Inventory Days	1	1	1	0	0	0	1	0	0	0	1	1
Days Payable	7	5	3	1	0	0	0	0	0	0	0	0
Cash Conversion Cycle	2	2	2	1	0	0	1	0	0	0	1	2
Working Capital Days	1	1	-1	-1	3	7	17	11	11	10	17	4
ROCE %	17%	23%	11%	80%	4%	4%	4%	7%	8%	8%	2%	3%

Frequently asked questions

Quick answers about this company's financials on Fincrux

What is the market cap of PAUL MERCHANTS LTD. (PML)?

The reported market capitalisation for PAUL MERCHANTS LTD. (PML) is ₹142Cr. on Fincrux. Figures may update with market data and filings.

What is the current share price of PML?

The current price shown for PAUL MERCHANTS LTD. (PML) on Fincrux is ₹461 with a 52-week high/low of ₹710/407.

What is the P/E ratio of PAUL MERCHANTS LTD. (PML)?

The stock P/E for PAUL MERCHANTS LTD. (PML) is 11.3 on Fincrux, with ROE at 2.47% and ROCE at 3.44%.

What were PML latest quarterly results?

For Jun 2026, PAUL MERCHANTS LTD. (PML) reported sales ₹469.00 Cr and net profit ₹0.86 Cr (figures in ₹ crore unless noted).

What are PML annual sales and net profit?

For TTM, PAUL MERCHANTS LTD. (PML) shows sales of ₹2,032 Cr and net profit of ₹13 Cr on the Fincrux profit & loss statement.

Who owns PAUL MERCHANTS LTD. (PML)?

Latest shareholding for PAUL MERCHANTS LTD. (PML) on Fincrux: Promoters 74.66% (Sep 2026), FIIs 0.00% (Sep 2026), Public 25.35% (Sep 2026), No. of Shareholders 4,183% (Sep 2026).

Where can I find PAUL MERCHANTS LTD. (PML) financials?

PAUL MERCHANTS LTD. (PML) financials on Fincrux include quarterly results, profit and loss, cash flow, balance sheet, key ratios, and shareholding patterns for NSE/BSE research.

Does Fincrux show PML balance sheet and cash flow?

Yes. The PAUL MERCHANTS LTD. (PML) page on Fincrux includes balance sheet, cash flow statements, historical ratios, and ownership trends alongside quarterly and annual results.

Figures in ₹ crore unless noted. Data sourced for research and may lag filings.

Last updated 21 October 2026 at 10:11