Prime Securities Ltd

Prime Securities Ltd

₹ 247 -1.12%
24 Jul - close price
About

Incorporated in 1982, Prime Securities
Ltd is in the business of providing financial services including Non-Banking Finance Services, Insurance, and Capital Markets[1]

Key Points

Business Overview:[1][2]
PSL provides Investment Banking and Corporate Advisory services. It is authorized to advise and arrange financial services under a Category 1 Merchant Bank License. In addition, its subsidiary company Prime Research and Advisory Limited is a Corporate Insurance Agent licensed by the Insurance Regulatory and Development Authority of India

  • Market Cap 828 Cr.
  • Current Price 247
  • High / Low 272 / 130
  • Stock P/E 64.0
  • Book Value 40.9
  • Dividend Yield 0.40 %
  • ROCE 8.23 %
  • ROE 6.84 %
  • Face Value 5.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company is expected to give good quarter
  • Company has been maintaining a healthy dividend payout of 36.3%

Cons

  • Stock is trading at 6.03 times its book value
  • Company has a low return on equity of 8.57% over last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Finance Industry: Finance & Investments

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024
5.91 11.67 11.54 5.49 8.29 3.33 7.72 9.19 6.14 9.05 13.09 5.53 13.74
3.40 3.79 5.70 5.82 5.00 5.00 4.58 3.62 4.65 6.60 5.00 6.09 6.72
Operating Profit 2.51 7.88 5.84 -0.33 3.29 -1.67 3.14 5.57 1.49 2.45 8.09 -0.56 7.02
OPM % 42.47% 67.52% 50.61% -6.01% 39.69% -50.15% 40.67% 60.61% 24.27% 27.07% 61.80% -10.13% 51.09%
2.78 0.10 0.00 0.01 0.09 0.85 0.00 1.21 0.00 0.00 0.00 0.00 3.68
Interest 0.05 0.05 0.05 0.28 0.09 0.11 0.26 0.18 0.17 0.16 0.09 0.07 0.06
Depreciation 0.19 0.20 0.19 0.14 0.19 0.24 0.24 0.33 0.18 0.22 0.21 0.21 0.22
Profit before tax 5.05 7.73 5.60 -0.74 3.10 -1.17 2.64 6.27 1.14 2.07 7.79 -0.84 10.42
Tax % 13.66% 16.95% 27.32% -12.16% 17.74% 3.42% 20.08% 31.26% 17.54% 0.48% 18.49% -13.10% 21.88%
4.36 6.42 4.07 -0.65 2.55 -1.21 2.11 4.31 0.94 2.06 6.35 -0.73 8.14
EPS in Rs 1.64 2.42 1.31 -0.21 0.81 -0.38 0.65 1.33 0.29 0.63 1.93 -0.22 2.43
Raw PDF
Upcoming result date: today

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Sep 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
8 -13 -7 9 7 9 11 50 30 34 28 34 41
5 32 4 3 9 6 12 45 21 18 18 22 24
Operating Profit 3 -45 -11 6 -2 3 -0 5 9 16 10 11 17
OPM % 34% 65% -31% 31% -4% 10% 31% 47% 37% 34% 41%
1 0 6 9 -5 1 -0 0 0 3 2 0 4
Interest 7 6 0 0 0 0 0 0 0 0 1 0 0
Depreciation 0 0 0 1 0 0 0 1 1 1 1 1 1
Profit before tax -3 -52 -5 15 -7 3 -1 5 8 18 11 10 19
Tax % 38% 0% 0% 4% 0% -6% -11% 32% 20% 20% 28% 15%
-4 -52 -5 14 -7 3 -1 3 7 14 8 9 16
EPS in Rs -1.58 -19.45 -1.86 5.30 -2.61 1.31 -0.26 1.17 2.50 4.55 2.40 2.59 4.77
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 180% 49% 21% 39%
Compounded Sales Growth
10 Years: %
5 Years: 25%
3 Years: 4%
TTM: 57%
Compounded Profit Growth
10 Years: 8%
5 Years: 74%
3 Years: 9%
TTM: 148%
Stock Price CAGR
10 Years: 45%
5 Years: 44%
3 Years: 32%
1 Year: 86%
Return on Equity
10 Years: 6%
5 Years: 9%
3 Years: 9%
Last Year: 7%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Sep 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 13 13 13 13 13 13 13 13 13 16 16 17
Reserves 95 44 39 53 46 49 60 28 39 88 100 120
58 85 87 44 10 5 2 0 0 5 5 2
6 9 3 4 3 3 7 11 22 11 11 16
Total Liabilities 173 151 142 114 72 70 82 53 74 120 132 154
5 5 4 3 3 3 1 3 2 2 2 2
CWIP 0 0 0 0 0 0 0 0 0 1 0 0
Investments 77 47 50 47 9 9 19 11 21 49 61 105
91 100 88 64 60 58 63 39 50 68 68 48
Total Assets 173 151 142 114 72 70 82 53 74 120 132 154

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Sep 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
8 58 -6 27 7 5 -2 14 32 -3 -8 4
1 -86 2 2 20 0 -4 -2 -21 -45 2 -4
-12 22 4 -29 -28 -5 6 -3 -0 34 -1 1
Net Cash Flow -2 -6 -0 0 -1 -0 0 9 12 -14 -7 0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Sep 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 165 -2 0 0 16 28 184 32 10 32 191 133
Inventory Days 0 0
Days Payable
Cash Conversion Cycle 165 -2 0 0 16 28 184 32 10 32 191 133
Working Capital Days 3,215 -94 260 2,249 2,820 2,111 274 125 -93 63 207 135
ROCE % 2% -30% -5% 13% -2% 4% -1% 8% 18% 19% 8% 8%

Shareholding Pattern

Numbers in percentages

1 Recently
Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
3.87% 3.42% 4.47% 4.89% 4.86% 5.34% 5.85% 5.59% 8.45% 7.04% 5.88% 6.04%
0.05% 0.05% 0.05% 0.05% 0.04% 0.04% 0.04% 0.04% 0.04% 0.04% 0.04% 4.85%
96.08% 96.53% 95.48% 95.06% 95.09% 94.61% 94.10% 94.37% 91.50% 92.91% 94.08% 89.12%
No. of Shareholders 19,65119,32819,53819,33919,10618,80818,49618,92718,32017,93417,98017,538

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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