Paul Merchants
- Market cap
- ₹ 143 Cr.
- P/E
- 7.4x
- P/B
- 0.15x
- 52-week range
- 418.05 – 645
- ROE
- 1%
- ROCE
- 3%
- Dividend yield
- 0%
- Debt / equity
- 0.01
- Sector
- Finance
- Industry
- Other Financial Services
- Listed on
- NSE, BSE
About
Paul Merchants Limited is an India-based conglomerate company. The Company’s segments include Forex, Travel, and Money Transfer. It offers exchange services in the form of currency notes, traveler's cheques, travel cards, outward remittances, and foreign currency drafts. It offers air ticketing, hotel accommodation, buses, cruise, hotel packages, and travel insurance to both business-to-business (B2B) and business-to-consumer (B2C) solutions to cater to clients of both sectors. It offers the services of Western Union, RIA Money Transfer and TransFast Money Transfer. It also provides services, such as business payment solutions and international sim cards. It offers complete transparency in all the types of transactions through a trusted network. It offers currency notes in all currencies of different denominations.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Other Financial Services: 120 companies →Paul Merchants against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)7.4 against a typical 30.9: cheaper than most peers (1st = cheapest).12th of 119
- Sales growth−2.5% against a typical +10.4% from a year earlier.56th of 93
- Profit growth−96.9% against a typical −1.6% from a year earlier.68th of 85
- Share price, 3 months−4.8% against a typical −4.8%.49th of 97
- Size₹ 142.6 Cr. market value against a typical ₹ 35.5 Cr. (1st = largest).25th of 113
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
No up-to-date rating
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| Infomerics | Withdrawn | Stable | 20 Feb 2026 |
Every agency has withdrawn its rating.
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 20 Feb 2026 | Withdrawn | was IVR BBB- & Withdrawn | — | Infomerics | ₹ 10 Cr. | |
| 21 Aug 2025 | ▼ Downgrade | IVR BBB | — | Infomerics | ₹ 31.75 Cr. |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,839 | 2,090 | 854 | 1,016 | 986 | 750 | 582 | 493 | 593 | 505 | 482 | 481 |
| Expenses | 1,810 | 2,058 | 860 | 1,016 | 988 | 753 | 585 | 497 | 601 | 508 | 483 | 476 |
| Operating Profit | 29 | 33 | −6 | −0 | −1 | −3 | −3 | −4 | −8 | −3 | −0 | 4 |
| OPM % | 1.6% | 1.6% | −0.7% | −0.1% | −0.1% | −0.4% | −0.5% | −0.8% | −1.3% | −0.6% | −0.1% | 0.9% |
| Other Income | 2 | 3 | 17 | 16 | 20 | 22 | 21 | 294 | 7 | −7 | 6 | 10 |
| Interest | 10 | 11 | 1 | 0 | 1 | 0 | 1 | 1 | 0 | 0 | 0 | 0 |
| Depreciation | 1 | 2 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 1 |
| Profit before tax | 19 | 23 | 9 | 14 | 17 | 18 | 17 | 288 | −2 | −12 | 4 | 13 |
| Tax % | 25.1% | 24.6% | −2.1% | 6.1% | 3.4% | −0.1% | −1.2% | 0.3% | 227.7% | 21.4% | 41.6% | 33.7% |
| Net Profit | 15 | 17 | 9 | 13 | 16 | 18 | 17 | 287 | −7 | −14 | 2 | 9 |
| EPS in Rs | 46.87 | 55.42 | 30.29 | 43.19 | 52.2 | 57.46 | 54.12 | 932.1 | −21.43 | −46.69 | 7.43 | 28.89 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- −2%
- 5 Years
- −7%
- 3 Years
- −33%
- TTM
- −27%
- 10 Years
- −8%
- 5 Years
- −23%
- 3 Years
- −41%
- TTM
- 269%
- 10 Years
- −8%
- 5 Years
- −2%
- 3 Years
- −10%
- TTM
- —
- 10 Years
- 6%
- 5 Years
- −2%
- 3 Years
- −7%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Paul Merchants | ₹ 462.70 | ₹ 143 Cr. | 7.4x | 0.2x | 1% | — |
| ICICI Prudential Asset Management Company Ltd | ₹ 2,655.00 | ₹ 1,30,928 Cr. | 47.7x | 37.7x | — | 56% |
| HDFC Asset Management Company | ₹ 2,250.00 | ₹ 96,542 Cr. | 39.9x | 12.3x | — | 69.3% |
| Nippon Life India Asset Management | ₹ 922.10 | ₹ 59,010 Cr. | 50.1x | 16.3x | 34.5% | 56.4% |
| Multi Commodity Exchange Of India | ₹ 3,017.00 | ₹ 76,931 Cr. | 52.6x | 16.6x | 37.9% | 57.8% |
| Motilal Oswal Financial Services | ₹ 925.00 | ₹ 55,715 Cr. | 30.8x | 4.5x | 15.6% | 21.2% |
Management
- Sakshi ..
- Chief Financial Officer
- Hardam Singh
- Compliance Officer, Company Secretary
- Rajneesh Bansal
- Managing Director, Executive Director
- Ritesh Vaid
- Designated Whole Time Director
Prices are delayed and for information only. Nothing on this page is investment advice.