Piramal Group, a distinguished global conglomerate, boasts a multifaceted portfolio spanning pharmaceuticals, financial services, and real estate, operating across 30 countries and over 100 markets worldwide. Guided by the visionary leadership of Mr. Ajay Piramal, the Group upholds principles of responsible business conduct and sustainable growth, endeavoring to create enduring value for stakeholders and society. With a rich history of over three decades, Piramal Group has pursued a strategic approach blending organic and inorganic growth, underpinned by ethical practices and a commitment to inclusive development. Its flagship entities, including Piramal Enterprises Limited (PEL) in financial services and Piramal Pharma Limited (PPL) in pharmaceuticals, exemplify excellence and innovation, while Piramal Realty and Piramal Foundation underscore its dedication to premium real estate development and impactful philanthropy, respectively. Through its diverse endeavors, Piramal Group continues to redefine industry standards and drive positive societal change, embodying a legacy of excellence and responsible corporate citizenship.
Key Highlights from Piramal Enterprises Q4 FY24 Performance
- Piramal Enterprises announced Q4 results on May 8, 2024, showing a significant improvement in profitability compared to the previous fiscal year.
- The company achieved a profit of ₹137.09 crore, marking a notable turnaround from the loss of ₹195.87 crore reported in the same period last year.
- Despite a modest 1.36% increase in revenue year-over-year, Piramal Enterprises demonstrated positive performance, with revenue growing by 2.16% from the previous quarter.
- Selling, general, and administrative expenses declined by 5.94% quarter-on-quarter, while witnessing a substantial 19.5% increase year-on-year.
- Operating income surged by an impressive 115.25% quarter-on-quarter but declined by 82.52% year-on-year.
- The earnings per share (EPS) for Q4 stood at ₹-22.07, marking a notable 71.09% increase year-on-year, indicating an enhancement in shareholder value despite encountered challenges.
- However, Piramal Enterprises faced short-term negative returns, with declines of -3.2% in the last week, -9.43% in the last 6 months, and -3.89% year-to-date.
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➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
| When | Maximum Price | Minimum Price |
| May 2024 | 849.90 | 739.05 |
| June 2024 | 880.50 | 765.65 |
| July 2024 | 871.70 | 758.00 |
| August 2024 | 906.56 | 788.32 |
| September 2024 | 942.83 | 819.85 |
| October 2024 | 924.34 | 803.77 |
| November 2024 | 961.31 | 835.92 |
| December 2024 | 970.93 | 844.28 |
In May 2024, Piramal Enterprises’ stock is projected to reach a maximum price of ₹849.90 and a minimum price of ₹739.05, indicating potential fluctuations in the market. By December 2024, the maximum price is expected to rise to ₹970.93, with the minimum price likely to increase to ₹844.28, reflecting potential growth in the company’s market value throughout the year. Overall, Piramal Enterprises’ stock prices are anticipated to experience variability but with an upward trend by the end of 2024.
| When | Maximum Price | Minimum Price |
| January 2025 | 980.64 | 754.33 |
| February 2025 | 990.54 | 761.95 |
| March 2025 | 1,011.34 | 777.96 |
| April 2025 | 1,001.33 | 770.25 |
| May 2025 | 972.16 | 747.82 |
| June 2025 | 1,015.91 | 781.47 |
| July 2025 | 995.99 | 766.15 |
| August 2025 | 1,026.80 | 789.84 |
| September 2025 | 1,039.12 | 799.32 |
| October 2025 | 1,066.13 | 820.10 |
| November 2025 | 1,092.79 | 840.61 |
| December 2025 | 1,141.96 | 878.43 |
In 2025, Piramal Enterprises shares are anticipated to experience fluctuations in their prices. In January, the maximum share price is projected to reach 980.64, while the minimum price is expected to be 754.33. As the months progress, share prices are forecasted to continue fluctuating. By December, the shares are expected to peak with a maximum price estimated at 1,141.96, while the minimum is projected to be 878.43.
| When | Maximum Price | Minimum Price |
| January 2026 | 1,176.22 | 904.79 |
| February 2026 | 1,146.82 | 882.17 |
| March 2026 | 1,169.75 | 899.81 |
| April 2026 | 1,193.62 | 918.17 |
| May 2026 | 1,181.81 | 909.08 |
| June 2026 | 1,211.35 | 931.81 |
| July 2026 | 1,187.60 | 913.54 |
| August 2026 | 1,224.33 | 941.79 |
| September 2026 | 1,248.82 | 960.63 |
| October 2026 | 1,281.29 | 985.60 |
| November 2026 | 1,313.32 | 1,010.24 |
| December 2026 | 1,346.15 | 1,035.50 |
| When | Maximum Price | Minimum Price |
| January 2027 | 1,359.61 | 1,045.86 |
| February 2027 | 1,394.47 | 1,072.67 |
| March 2027 | 1,448.86 | 1,114.51 |
| April 2027 | 1,420.45 | 1,092.65 |
| May 2027 | 1,379.08 | 1,060.83 |
| June 2027 | 1,441.14 | 1,108.57 |
| July 2027 | 1,412.88 | 1,086.83 |
| August 2027 | 1,456.58 | 1,120.44 |
| September 2027 | 1,507.56 | 1,159.66 |
| October 2027 | 1,546.75 | 1,189.81 |
| November 2027 | 1,585.42 | 1,219.55 |
| December 2027 | 1,625.06 | 1,250.04 |
| When | Maximum Price | Minimum Price |
| January 2028 | 1,657.56 | 1,275.04 |
| February 2028 | 1,700.06 | 1,307.74 |
| March 2028 | 1,766.36 | 1,358.74 |
| April 2028 | 1,731.73 | 1,332.10 |
| May 2028 | 1,681.29 | 1,293.30 |
| June 2028 | 1,756.95 | 1,351.50 |
| July 2028 | 1,722.50 | 1,325.00 |
| August 2028 | 1,775.77 | 1,365.98 |
| September 2028 | 1,837.92 | 1,413.79 |
| October 2028 | 1,885.71 | 1,450.54 |
| November 2028 | 1,932.85 | 1,486.81 |
| December 2028 | 1,981.17 | 1,523.98 |
| When | Maximum Price | Minimum Price |
| January 2029 | 2,020.79 | 1,554.46 |
| February 2029 | 2,072.61 | 1,594.31 |
| March 2029 | 2,153.44 | 1,656.49 |
| April 2029 | 2,111.22 | 1,624.01 |
| May 2029 | 2,049.72 | 1,576.71 |
| June 2029 | 2,141.96 | 1,647.66 |
| July 2029 | 2,099.96 | 1,615.36 |
| August 2029 | 2,164.91 | 1,665.32 |
| September 2029 | 2,240.68 | 1,723.60 |
| October 2029 | 2,298.94 | 1,768.42 |
| November 2029 | 2,356.41 | 1,812.63 |
| December 2029 | 2,415.32 | 1,857.94 |
| When | Maximum Price | Minimum Price |
| January 2030 | 2,463.63 | 1,895.10 |
| February 2030 | 2,526.80 | 1,943.69 |
| March 2030 | 2,625.35 | 2,019.50 |
| April 2030 | 2,573.87 | 1,979.90 |
| May 2030 | 2,498.90 | 1,922.23 |
| June 2030 | 2,611.35 | 2,008.73 |
| July 2030 | 2,560.15 | 1,969.35 |
| August 2030 | 2,639.33 | 2,030.25 |
| September 2030 | 2,731.71 | 2,101.31 |
| October 2030 | 2,802.73 | 2,155.95 |
| November 2030 | 2,872.80 | 2,209.84 |
| December 2030 | 2,944.62 | 2,265.09 |
As we step into 2030, Piramal Enterprises shares are anticipated to witness fluctuations in their prices. In January, the maximum share price is projected to reach 2,463.63, while the minimum price is expected to be 1,895.10. As the year progresses, both maximum and minimum prices are forecasted to fluctuate. By December, Piramal Enterprises’ shares are expected to peak with a maximum price estimated at 2,944.62, while the minimum is projected to be 2,265.09.
Financial Condition of Piramal Enterprises: Last 5 Years
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
| Revenue | 13,068 | 12,809 | 7,726 | 8,981 | 10,020 |
| Interest | 5,321 | 4,209 | 4,225 | 3,994 | 4,344 |
| Expenses + | 6,801 | 5,338 | 1,984 | 7,434 | 6,351 |
| Financing Profit | 947 | 3,263 | 1,516 | -2,447 | -675 |
| Financing Margin % | 7% | 25% | 20% | -27% | -7% |
| Other Income + | 1,555 | 754 | 963 | 8,560 | -1,775 |
| Depreciation | 520 | 561 | 74 | 123 | 829 |
| Profit before tax | 1,982 | 3,456 | 2,405 | 5,991 | -3,278 |
| Tax % | 99% | 59% | 17% | -66% | 49% |
| Net Profit + | 21 | 1,413 | 1,999 | 9,969 | -1,684 |
| EPS in Rs | 1.07 | 59.08 | 80.57 | 417.62 | -74.94 |
| Dividend Payout % | 1314% | 56% | 41% | 7% | -13% |
The financials of the company, all values in crore, depict significant fluctuations over the past five years. Revenue experienced a decline from March 2020 to March 2022, reaching a low of ₹7,726 crore before rebounding to ₹10,020 crore in March 2024. Interest expenses remained relatively stable, fluctuating slightly over the years, as did expenses, with a sharp decrease in March 2022 followed by an increase in subsequent years.
Financing profit showed volatility, with positive figures in March 2020 and March 2021 but turning negative in March 2023 and March 2024. Other income exhibited dramatic fluctuations, ranging from ₹1,555 crore in March 2020 to -₹1,775 crore in March 2024. Depreciation expenses remained relatively stable until a significant increase in March 2024.
Profit before tax showed an upward trend from March 2020 to March 2023, reaching a peak of ₹5,991 crore before plunging to -₹3,278 crore in March 2024. The tax percentage also displayed volatility, with unusually high figures in March 2020 and March 2021, and a negative percentage in March 2024.
Net profit mirrored the trend of profit before tax, experiencing a significant drop in March 2024. Similarly, earnings per share (EPS) saw a notable increase from March 2020 to March 2023 before plummeting to a negative value in March 2024. The dividend payout percentage followed the erratic pattern, reaching an unsustainable 1314% in March 2020 and turning negative in March 2024. Overall, the financials reflect a period of volatility and instability in the company’s performance.
Emkay advises investors to buy Piramal Enterprises shares, setting a target price of Rs 1000.00
FAQS
As of May 10th, 2024, the share price of Piramal Enterprises is around INR ₹832.
Based on various market analyses and expert opinions, the expected share price target of Piramal Enterprises by 2024 is around INR 970.93.
It is unlikely for the share price of Piramal Enterprises to reach INR 2000 by 2025. Such a target would require a massive and unrealistic growth rate.
As per our analysis, Piramal Enterprises in 2025 is expected to trade between ₹747.82 and ₹1,141.96.
As per our analysis, Piramal Enterprises share price target for 2030 would be somewhere between ₹1,895.10 and ₹2,944.62.
Like any other investment, investing in Piramal Enterprises shares carries some risks, such as market volatility, regulatory changes, and economic downturns.
You can invest in Piramal Enterprises shares through a stockbroker, either online or offline. You will need to open a Demat account and trading account to buy and sell shares. We recommend Groww and Paytm Money.
What are the growth prospects of Piramal Enterprises?
Piramal Enterprises has a strong market position, a strong business strategy, and a diverse product portfolio, which can help the company sustain its growth in the future.
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Conclusion
In conclusion, Piramal Enterprises, a distinguished player within the Piramal Group, exhibits a robust financial performance across its diverse portfolio, including pharmaceuticals, financial services, and real estate. Guided by visionary leadership and a commitment to responsible business conduct, Piramal Enterprises has achieved a notable turnaround in profitability, reporting a profit of ₹137.09 crore in Q4 FY24, a significant improvement from the loss of ₹195.87 crore in the same period last year. Despite modest revenue growth of 1.36% year-over-year, the company has demonstrated resilience and positive performance trends, with revenue increasing by 2.16% from the previous quarter. Piramal Enterprises’ strategic approach to growth, coupled with its commitment to inclusive development, positions it favorably for sustained success, offering investors dynamic opportunities for value creation and positive societal impact in the years ahead.
Having said that, we are not a financial advisor. Please consult a SEBI-registered financial advisor before trading Piramal Enterprises. This post on Piramal Enterprises share price target from 2024 to 2030 is for educational purposes only.
What did we learn?
- 1 Key Highlights from Piramal Enterprises Q4 FY24 Performance
- 2 How to Purchase Piramal Enterprises Shares in India?
- 3 Piramal Enterprises Share Price Target 2024, 2025 to 2030
- 3.1 Piramal Enterprises Share Price Target 2024
- 3.2 Piramal Enterprises Share Price Prediction 2025
- 3.3 Piramal Enterprises Share Price Target 2026
- 3.4 Piramal Enterprises Share Price Target 2027
- 3.5 Piramal Enterprises Share Price Target 2028
- 3.6 Piramal Enterprises Share Price Target 2029
- 3.7 Piramal Enterprises Share Price Prediction 2030
- 4 Financial Condition of Piramal Enterprises: Last 5 Years
- 5 Emkay on Piramal Enterprises share Price Target
- 6 FAQS
- 6.1 What is the current share price of Piramal Enterprises?
- 6.2 What is the expected share price target of Piramal Enterprises by 2024?
- 6.3 Can Piramal Enterprises share price reach INR 2000 by 2025?
- 6.4 What is Piramal Enterprises share price target for 2025?
- 6.5 What is Piramal Enterprises share price target for 2030?
- 6.6 What are the risks associated with investing in Piramal Enterprises shares?
- 6.7 How can I invest in Piramal Enterprises shares?
- 6.8 What are the growth prospects of Piramal Enterprises?
- 7 Conclusion
