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Pioneer Embroideries Ltd (PIONEEREMB)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 514300 NSE: PIONEEREMB Textile - Spinning | Small Cap | Pioneer Embroideries Share Price

₹23.90 -1.09 (-4.36%)

As on 04-Jun'26 16:59

Pioneer Embroideries Ltd (PIONEEREMB)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 514300 NSE: PIONEEREMB Textile - Spinning | Small Cap | Pioneer Embroideries Share Price

₹23.90 -1.09 (-4.36%)

As on 04-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹74 Cr.
Current Price
₹23.9
52-Week Low / High
₹20 / 49
TTM EPS
₹0.2
TTM Sales
₹335 Cr.
Book Value per Share
₹52.4
P/E Ratio
112.61
Higher than its 5-year historical median
Industry PE
21.5
Price to Book (P/B)
0.46
Lower than its 5-year historical median
Price to Sales (P/S)
0.22
Lower than its 5-year historical median
EV/EBITDA
7.58
In line with its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
2.96%
In line with industry median
Return on Capital Employed (ROCE)
6.35%
In line with industry median
Return on Assets (ROA)
1.43%
Operating Profit Margin
6.8%
Net Profit Margin
1.22%
Gross Profit Margin
5.9%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
11.56%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
12.99%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
17.53%
Asset Quality
Promoter Holding
32.71%
Pledged shares (%) of Promoter's holding (%)
52.59%
Reserves
₹131 Cr.
Equity
₹30.8 Cr.
Face Value
₹10
All Time Low / High
₹2.67 / 345.00

Pioneer Embroideries stock performance

Key Ratios
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Check Before You Invest

M-Cap below 100cr DeciZen not available

Q.1 Is Pioneer Embroideries Ltd a good quality company?
Pioneer Embroideries Ltd is a quality company, based on a multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Pioneer Embroideries Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Pioneer Embroideries Ltd vs industry peers?
Pioneer Embroideries Ltd revenue CAGR is 9.55%, compared to the industry median CAGR of 1.47%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Pioneer Embroideries Ltd?
Promoters hold 32.71% of the Pioneer Embroideries Ltd, with 52.59% of their stake pledged, indicating high pledge risk.
Q.1 Stock return of Pioneer Embroideries Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of -5.3% based on the current price.

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Pioneer Embroideries Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 12.2%6.5%2.5%8.4%11%15.9%12.5%8.5%5.8%6.4%-
Value Creation
Index
-0.1-0.5-0.8-0.4-0.20.1-0.1-0.4-0.6-0.6-

Growth Parameters

Sales 255236257274238226292297336375335
Sales YoY Gr.--7.7%9.2%6.4%-13.2%-4.9%29.3%1.5%13.3%11.6%-
Adj EPS 16.6-0.3-2.81.72.67.23.90.31.10.30.2
YoY Gr.--101.6%NANA56.4%180.6%-45.6%-92.9%296.4%-74.8%-
BVPS (₹) 49.338.332.33336.2434750.150.651.852.4
Adj Net
Profit
30.9-0.6-6.74.16.519.210.50.83.30.91
Cash Flow from Ops. 56.324.915.919.525.618.113.410.311.632.9-
Debt/CF from Ops. 1.32.642.91.31.628.99.12.7-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 4.4%9.6%8.7%11.6%
Adj EPS -36.5%-35.9%-58.6%-74.8%
BVPS0.5%7.4%3.3%2.3%
Share Price -6.2% -14.4% -13.7% -44.5%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
24.9-0.6-8.45.17.518.88.70.62.30.60.4
Op. Profit
Mgn %
8.47.23.87.28.112.28.54.16.76.84.1
Net Profit
Mgn %
12.1-0.3-2.61.52.78.53.60.310.20.2
Debt to
Equity
0.70.80.80.70.40.30.20.70.70.60.2
Working Cap
Days
18713011010411111810812312110963
Cash Conv.
Cycle
5445373340495157585712

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales255.36235.67257.34273.84237.68225.97292.17296.64336.19375.06
Operating Expenses + 233.84218.92247.57254.26218.58198.40267.37284.45313.77349.75
Manufacturing Costs37.0136.3841.6441.9439.0339.7149.0346.9255.7860.61
Material Costs145.60133.03156.53161.79133.09114.42163.49181.38200.32227.19
Employee Cost 3032.8033.8534.033229.3735.0834.3938.1642.69
Other Costs 21.2416.7115.5616.4914.4514.8919.7721.7619.5219.26
Operating Profit 21.5216.759.7719.5819.1027.5724.8012.1922.4125.32
Operating Profit Margin (%) 8.4%7.1%3.8%7.2%8.0%12.2%8.5%4.1%6.7%6.8%
Other Income + 23.702.212.332.041.831.871.733.123.986.30
Exceptional Items -5.2200-1.102.19009.1200
Interest 9.4110.639.427.656.144.473.203.649.269.60
Depreciation 14.128.198.538.748.718.168.088.4612.5415.65
Profit Before Tax 16.460.13-5.854.138.2816.8115.2512.334.586.37
Tax 00000-2.864.203.630.701.80
Profit After Tax 16.460.13-5.854.138.2819.6711.058.713.884.56
PAT Margin (%) 6.5%0.1%-2.3%1.5%3.5%8.7%3.8%2.9%1.2%1.2%
Adjusted EPS (₹)8.90.1-2.41.73.37.44.23.31.31.5
Dividend Payout Ratio (%)0%0%0%0%0%3.40%7.20%0%0%0%

Valuation of Pioneer Embroideries - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 108.1982.5477.9582.2490.38114.37125.04133.20149.23159.63
Share Capital 35.2121.5524.1224.9524.9526.5926.5926.5929.4830.82
Reserves 72.9860.9953.8357.2965.4387.7898.45106.61119.76128.81
Debt +57.9547.2750.6538.5326.6221.3319.3579.5587.2770.53
Long Term Debt46.4929.9834.7620.0710.839.705.1957.0753.4635.88
Short Term Debt11.4617.2915.8918.4615.7911.6314.1622.4933.8134.65
Minority Interest0000000000
Trade Payables23.4329.4430.1630.2321.8121.1319.4826.4530.8324.07
Others Liabilities 33.1331.4128.5632.8522.9319.6626.0845.6656.6959.39
Total Liabilities 222.70190.66187.33183.85161.74176.49189.95284.86324.02313.62

Fixed Assets

Net Fixed Assets +78.0498.7395.9293.3585.1380.0378.2775.10185.73182.06
Gross Block200.50106.91112.57117.89117.08120125.03129251.09255.39
Accumulated Depreciation122.468.1816.6524.5331.9539.9646.7653.9165.3673.33
CWIP 3.360.362.981.810.2507.8171.6400.17
Investments 52.529.309.309.349.309.3010.3321.1920.8420.84
Inventories28.5539.2830.8630.3334.1339.7843.9250.1364.3854.79
Trade Receivables24.6321.5825.0127.4515.7919.9521.5524.1027.6228.04
Cash Equivalents 1.531.301.400.561.436.181.339.421.551.88
Others Assets 34.0720.1221.8621.0315.7321.2526.7433.2823.8925.84
Total Assets 222.70190.66187.33183.85161.74176.49189.95284.86324.02313.62

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 56.3124.9415.9019.5025.6318.1313.3910.2811.5532.90
PBT 16.460.13-5.854.138.2816.8115.2512.334.586.37
Adjustment 8.0717.5016.7616.3612.4712.8511.45-0.6118.8724.07
Changes in Working Capital 32.276.755-0.994.9-11.74-12.8-1.12-12.172.67
Tax Paid -0.490.57-0.010-0.020.21-0.50-0.320.26-0.22
Cash Flow From Investing Activity + -44.88-20.42-6.98-4.423.14-8.20-10.27-65.04-33.73-8.27
Capex -7.61-20.72-7.31-4.622.93-8.39-6.40-55.42-33.70-8.46
Net Investments 00.05000.040-1.03-10.830.350
Others -37.270.250.330.200.170.19-2.841.20-0.370.18
Cash Flow From Financing Activity + -13.88-4.76-8.82-15.92-27.90-5.17-7.9860.2116.02-23.41
Net Proceeds from Shares 014.701003.960012.724.32
Net Proceeds from Borrowing 11.08-12.061.30-10.74-19.220.24-6.0756.811.92-18.19
Interest Paid -11.20-13.24-9.72-7.75-6.05-4.71-3.22-3.63-9.22-9.60
Dividend Paid 000000-0.65-0.7800
Others -13.765.83-1.402.57-2.62-4.661.977.8110.590.06
Net Cash Flow -2.44-0.230.10-0.840.874.76-4.865.45-6.161.22

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)16.020.15-7.295.169.5919.219.236.742.752.96
ROCE (%)12.166.532.488.4311.0115.8712.468.475.776.35
Asset Turnover Ratio0.991.141.391.481.381.341.591.251.11.18
PAT to CFO Conversion(x)3.42191.85N/A4.723.10.921.211.182.987.21
Working Capital Days
Receivable Days42.7035.8032.403533.2028.9025.9028.1028.1027.10
Inventory Days44.2052.5048.8040.8049.5059.7052.3057.9062.2058
Payable Days52.6072.5069.5068.1071.4068.5045.3046.2052.2044.10

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *60.6560.6560.6552.5952.5952.5952.5952.5952.5952.59
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Pioneer Embroideries Ltd FAQs

The current trading price of Pioneer Embroideries on 04-Jun-2026 16:59 is ₹23.90.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 03-Jun-2026 the market cap of Pioneer Embroideries stood at ₹73.65 Cr

The latest P/E ratio of Pioneer Embroideries as of 03-Jun-2026 is 112.6.

The latest P/B ratio of Pioneer Embroideries as of 03-Jun-2026 is 0.46.

The 52-week high of Pioneer Embroideries is ₹48.99 and the 52-week low is ₹19.55.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Pioneer Embroideries is ₹335 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Pioneer Embroideries Ltd is a average quality company.

The key valuation ratios of Pioneer Embroideries Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Pioneer Embroideries Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Pioneer Embroideries Ltd

Pioneer Embroideries, a Pioneer Group Company was incorporated on  October 25,1991 under the companies Act 1956 in the state of Maharashtra at Mumbai. The company has been promoted by Raj Kumar Sekhani and Baid Pioneer

Pioneer Embroideries Limited is one of the largest manufacturer-exporter of embroideries, Torchon/Bobbin laces, Raschel laces and other garment accessories. It is also the proud owners of the no.1 retail brand for embroidered clothing 'Hakoba'.

With an outstanding operational infrastructure, superb craftsmanship and obsession for the best quality, it has not taken long to create waves in the international market. Today they have established an impeccable reputation and carved a permanent niche in the industry throughout the world. Their impressive international roster includes clients from the North America, Latin America, Europe, the Middle East and Africa. Pioneer is also the largest player in the domestic market. Catering to millions of satisfied customers already, Pioneer Group is now poised to move ahead in leaps and bounds.  They have a qualified and highly motivated design development team, which is constantly working towards generating new design to match the latest trends across the globe. State-of-the-art software and machines are used with trained personnel for monitoring the output, matching it to their own high and exacting standards. They are constantly working on developing new lines that matches the design specifications and requirements of their new clients. Today they have over 40,000 designs in their library to select from.

Product range of the company includes:

  • Embroideries
  • Braided Laces
  • Knitted
  • Yarns

The products offerings are patronized by garment exporters, manufacturers and designers for their clientele in US, Europe, Africa, Middle-East & Far-Eastern countries.

Milestones:

  • 1991: Pioneer Embroideries Ltd. gets incorporated.
  • 1993: Goes public through and IPO, and gets its equity shares listed at the Mumbai, Delhi, Kolkata and Ahmedabad Stock Exchange.
  • 1994: Sets up its first Embroidery Manufacturing plant at Sarigam in Gujarat.
  • 1995: Establishes Marketing Offices at Mumbai, New Delhi, Kolkata & Ahmedabad.
  • 1996: Sets up the Crochet Lace Braiding unit at Dadra, a Union Territory.
  • 1997: Sets up the 2nd Embroidery Manufacturing plant at Naroli, also in the Union Territory of Dadra & Nagra Haveli.
  • 1998: Sets up an Inhouse Processing, Dying & Finishing plant at its Sarigam Unit.
  • 1999:1.) Declares a maiden dividend of @ 10%, continues to pay increased dividends.
  • 2.) Sets up its 2nd Crochet Lace Braiding Unit at Naroli, expanding capacity almost ten-fold.
  • 3.) Sets up a Digital Designing Studio & a Multihead Embroidery Unit at Mumbai.
  • 2000: Acquires controlling stake in Salzer Textiles Limited, Coimbatore, an 100% EOU, by buying out foreign and local promoters of the company.
  • 2001: Achieves turnover of excess of Rs 50 cr for the first time, for FY 2000-01
  • 2002: 1.) Acquires the famous Hakoba Brand and embroidery manufacturing facilities of M/s Fancy Corporation Limited at Borivali, Mumbai.
  • 2.) Expands the capacity of the Multihead Embroidery Unit at Mumbai.
  • 2003: 1.) Acquires Reach Industries Pvt. Ltd., a high tech wrap knitting company.
  • 2.) Sets up retail network under brand Hakoba, positioning it as an exclusive store for embroidery and other products.
  • 3.) Initiates process for merging Salzer Textiles Ltd., and J J Textiles Ltd., a group company with itself.
  • 2004: Merges Salzer Textiles Ltd. and J J Textiles Ltd., with itself after obtaining the High Court approval dated 15.01.2004 
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