Peerless General Finance & Investment Co Ltd
Kolkata's 94-year-old Peerless group holding company — a ₹2,400 Cr net worth, ₹800 Cr of revenue from hospitals, hotels, securities and investments, and 33 lakh shares of ₹100 quoted at ₹17,500.
Market cap
₹5,803 Cr
0.33 Cr shares
P/E ratio
21.57
Sector average 18
Book value
₹7,316.53
P/B 2.39
1-year return
+0.00%
52w ₹17,500 – ₹17,500
Currently 0% of the way through its 52-week range.
Indicative price history
1Y change
+0.00% ₹17,500 → ₹17,500
52-week band in this window: ₹17,500.00 – ₹17,500.00. Weekly indicative marks, not exchange-traded prices.
Key highlights
- Debt-free holding company with about ₹2,400 Cr net worth; book value about ₹7,300 per ₹100 share.
- FY24 consolidated revenue ₹787 Cr (+30%); subsidiaries span hospital, hotels, broking and housing.
- Only 33.16 lakh shares; ₹17,500 quote values the company near ₹5,800 Cr.
About Peerless
The Peerless General Finance & Investment Company Limited was founded on 25 October 1932 by Radhashyam Roy in Narayanganj and grew into eastern India's largest residuary non-banking company, collecting small savings through a nationwide agent network. After RBI's 2011 direction to wind down the RNBC deposit business, the company repaid depositors and re-emerged as the debt-free holding company of the Peerless group, run from Peerless Bhavan on Esplanade East, Kolkata.
Today its income comes from investment returns on a large treasury and from operating subsidiaries: Peerless Hospitex Hospital and Research Center (the Peerless Hospital in Kolkata), Peerless Hotels, Peerless Securities, Peerless Financial Products Distribution and Bengal Peerless Housing Development (a joint venture with the West Bengal Housing Board). Consolidated revenue rose about 30% to ₹787 Cr in FY24 and stayed in the ₹500-1,000 Cr band in FY25.
The share capital is ₹33.16 Cr in 33,15,584 shares of ₹100 face value. Provider data show a book value of about ₹7,315 and earnings of about ₹811 per share, so the wwipl.com rate of ₹17,500 is roughly 2.4 times book and 22 times earnings, valuing the company near ₹5,800 Cr. The Roy family, led by Managing Director Jayanta Roy, controls the company; the Supreme Court in 2026 ruled in the promoters' favour in a 35-year shareholding dispute with Bhagwati Developers.
Figures preliminary; verify from MCA filings. The FY24 revenue figure and the per-share book value and EPS are from provider summaries; FY23, FY25 and all balance-sheet lines are estimates built around them and should be replaced with the audited consolidated accounts filed with the FY25 annual return.
Where the revenue comes from
- Investment & treasury income45%
Dividends, interest and gains on the group's investment portfolio; estimate
- Healthcare (Peerless Hospital)30%
Multi-speciality hospital in Kolkata; estimate
- Hotels, securities & distribution20%
Peerless Hotels, Peerless Securities and financial-products distribution; estimate
- Housing & other5%
Bengal Peerless Housing JV and rental income; estimate
Products & services
Investment portfolio
Treasury of debt, equity and mutual-fund holdings built from retained RNBC-era surpluses.
Peerless Hospital
Multi-speciality hospital and research centre in Kolkata run by subsidiary Peerless Hospitex.
Peerless Hotels & Securities
Hotels in Kolkata, Port Blair and Durgapur; stockbroking and financial-products distribution arms.
What works
- • Large, largely unlevered balance sheet — about ₹2,400 Cr of net worth built from decades of retained investment income.
- • Diversified cash-generating subsidiaries (hospital, hotels, broking, distribution, housing JV) on top of the treasury.
- • Trades at a discount to the sum of parts: roughly 2.4x book while carrying listed and unlisted investments at cost in places.
- • Long compliance record with RBI and a professional board including former civil servants and a former Coal India chairman.
What to watch
- • Holding-company discount: minority holders have no control over capital allocation, and there is no stated plan to list or unlock value.
- • Very few shares (33 lakh) and a ₹17,500 ticket size make the stock illiquid; dealer quotes can be stale for months.
- • Earnings depend on investment markets and on a hospital and hotel business exposed to Kolkata's local economy.
- • The Bhagwati Developers litigation shows the shareholder register has a contested history; check title and transfer formalities carefully.