PAL Credit & Capital Ltd

Key Stats

Day's Price Range
52-Week Price Range

Company Financials

  • Annual
Value in ₹ crore

Peer Comparsion

Rank 241
Rank 254
Rank 295
Dividend Yield
Rank 74
Rank 426
Price To Book Ratio
Rank 194
Debt To Asset
Rank 295

Company Information

PAL Credit Capital formerly PAL Hire Purchase was incorporated in 1962. In Feb.93 it became a public limited company. The company belongs to the Walchand group and has been promoted by Premier Automobiles.PAL concentrates on hire purchase and lease financing of automobile plant and machinery trucks etc.The company was awarded P1 rating by CRISIL for its commercial paper programme enabling it to place commercial paper worth Rs 20 mln with Canbank Mutual Fund to minimise the cost of funds. The company has been authorised by the SEBI to act as category1 merchant banker enabling it to expand its issue management underwriting portfolio management financial consultancy and other activities. Its fixed deposit programme has been upgraded by CRISIL from FAA to FAA indicating high safety for timely payment of the principal and interest.The company also plans to diversify into financing and nonfinancing services such as bill discounting merchant banking consultancy etc and to open additional branch offices at Bangalore Pune and Udaipur to expand its activities. By selling the Wind Farm Division the companys liabilities has been reduced and the also the interest cost.The company has paid one time settlement to banks and FIs during the year 2001.During 199697 the company joined in the copromotion of Creditline Motors Ltd who are authorised distributors for cars of the Premier Automobiles Ltd. The company has also entered into business of generation and supply of electricity by setting up 6 wind mills at Pazhavoor Village Tirunelvelli Tamil Nadu.
OrganisationPAL Credit & Capital Ltd