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 36.2
  • Book Value 47.3
  • Dividend Yield 0.40 %
  • ROCE 16.5 %
  • ROE 13.0 %
  • 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 24.6%
  • Company's working capital requirements have reduced from 64.1 days to 47.6 days

Cons

  • Company has a low return on equity of 12.5% 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

Consolidated Figures in Rs. Crores / View Standalone

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
7 13 15 10 10 9 16 12 21 15 18 13 29
5 5 8 9 7 8 11 7 14 11 8 10 17
Operating Profit 3 8 8 1 3 1 5 5 7 5 10 3 13
OPM % 35% 60% 51% 14% 33% 12% 33% 43% 34% 32% 57% 20% 43%
3 0 0 0 0 1 0 1 0 0 0 0 4
Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax 5 8 8 1 3 1 5 6 7 5 10 2 16
Tax % 14% 17% 26% 38% 19% 47% 20% 30% 24% 14% 20% 28% 24%
4 6 6 1 2 1 4 4 5 4 8 2 12
EPS in Rs 1.62 2.44 1.79 0.20 0.78 0.25 1.20 1.25 1.54 1.20 2.41 0.50 3.61
Raw PDF
Upcoming result date: today

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
1 -37 -9 12 20 24 47 74 44 46 47 67 75
11 37 8 4 -35 8 30 62 33 26 32 42 45
Operating Profit -11 -74 -17 8 55 16 17 12 11 20 15 24 30
OPM % -1,889% 68% 281% 67% 36% 16% 24% 44% 32% 37% 40%
-0 1 6 8 -35 2 -0 -0 2 3 2 0 4
Interest 14 13 3 0 0 0 0 0 0 0 1 0 0
Depreciation 0 1 1 1 0 0 0 1 1 1 1 1 1
Profit before tax -25 -86 -15 15 19 17 16 11 11 21 15 23 33
Tax % 8% 0% 1% 4% 31% 17% 23% 27% 23% 21% 26% 21%
-28 -87 -15 14 13 14 13 8 8 17 11 19 26
EPS in Rs -10.44 -32.75 -5.75 5.36 5.06 5.39 4.76 2.98 3.10 5.45 3.46 5.58 7.72
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 145% 41% 14% 18%
Compounded Sales Growth
10 Years: %
5 Years: 7%
3 Years: 15%
TTM: 31%
Compounded Profit Growth
10 Years: 8%
5 Years: 8%
3 Years: 31%
TTM: 75%
Stock Price CAGR
10 Years: 45%
5 Years: 44%
3 Years: 32%
1 Year: 86%
Return on Equity
10 Years: %
5 Years: 14%
3 Years: 13%
Last Year: 13%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 74 -13 -28 -14 -18 -3 20 32 44 96 111 141
108 102 110 89 17 8 4 0 0 5 0 0
44 179 146 114 10 4 11 16 24 14 14 19
Total Liabilities 239 282 241 203 22 22 49 62 81 131 141 177
6 5 5 3 3 3 2 4 3 3 3 2
CWIP 0 0 0 0 0 0 0 0 0 1 0 0
Investments 121 75 57 49 2 2 3 2 17 44 56 109
112 201 180 150 18 17 44 56 62 83 83 66
Total Assets 239 282 241 203 22 22 49 62 81 131 141 177

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Sep 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
41 -40 -14 -0 7 7 -1 15 40 1 -5 13
-34 39 7 9 20 0 -2 -3 -27 -48 3 -18
-6 -20 6 -7 -25 -9 4 -3 -0 34 -6 4
Net Cash Flow 1 -21 -1 1 3 -2 1 9 13 -13 -8 -1

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 20,629 -1,278 -4,828 3,787 80 20 172 22 7 28 117 67
Inventory Days 0 0
Days Payable
Cash Conversion Cycle 20,629 -1,278 -4,828 3,787 80 20 172 22 7 28 117 67
Working Capital Days 22,200 84 864 784 -57 42 205 112 -59 34 111 48
ROCE % -5% -49% -14% 20% 18% 105% 60% 27% 21% 22% 12% 17%

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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