Prudent Corporate Advisory Services Ltd

Prudent Corporate Advisory Services Ltd

₹ 2,847 -4.47%
20 Dec - close price
About

Incorporated in 2003, Prudent Corporate Advisory Services Limited provides retail wealth management services. The company offers Mutual Fund products, Life and General Insurance solutions, Stock Broking services, SIP with Insurance, Gold Accumulation Plan, Asset Allocation, and Trading platforms.[1]

Key Points

Product Offerings[1]
A) Mutual Funds: Open-source distribution of mutual fund products.
B) Insurance: Includes life insurance (term, par, non-par, annuity plans) and general insurance (primarily health insurance).
C) Stockbroking: Services for retail customers to trade equities, derivatives, and currency.
D) Other Financial Products: PMS, AIF, P2P products, bonds, fixed deposits, smallcase, unlisted securities, LAS (Loan Against Securities), and sovereign gold bonds.

  • Market Cap 11,788 Cr.
  • Current Price 2,847
  • High / Low 3,741 / 1,129
  • Stock P/E 67.0
  • Book Value 137
  • Dividend Yield 0.07 %
  • ROCE 43.3 %
  • ROE 33.4 %
  • Face Value 5.00

Pros

  • Company is almost debt free.
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 44.9% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 37.0%

Cons

  • Stock is trading at 20.8 times its book value
  • Promoter holding has decreased over last quarter: -2.71%

* 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
106 126 130 128 148 158 177 165 190 210 240 249 286
80 90 96 96 105 116 118 126 147 160 179 190 217
Operating Profit 25 35 34 32 42 43 58 39 43 50 61 59 69
OPM % 24% 28% 26% 25% 29% 27% 33% 24% 23% 24% 25% 24% 24%
3 1 1 0 1 3 3 5 4 5 6 7 8
Interest 0 2 1 1 0 1 1 0 0 0 1 0 1
Depreciation 2 5 5 6 6 6 6 6 6 6 6 6 7
Profit before tax 26 30 29 26 37 38 55 38 41 48 60 59 69
Tax % 26% 26% 23% 26% 25% 26% 25% 25% 25% 25% 25% 25% 26%
20 22 23 19 28 28 41 28 30 36 45 44 52
EPS in Rs 4.73 5.38 5.48 4.68 6.67 6.88 9.96 6.78 7.35 8.62 10.76 10.67 12.44
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
225 236 295 458 617 823 985
185 188 225 335 436 612 747
Operating Profit 40 48 70 123 181 211 239
OPM % 18% 20% 24% 27% 29% 26% 24%
-1 0 0 0 2 1 26
Interest 3 3 2 3 2 2 2
Depreciation 8 8 8 13 24 25 26
Profit before tax 29 37 61 107 157 186 236
Tax % 27% 26% 25% 25% 26% 25%
21 28 45 80 117 139 176
EPS in Rs 203.37 269.45 438.27 19.40 28.18 33.51 42.49
Dividend Payout % 22% 1% 1% 5% 5% 6%
Compounded Sales Growth
10 Years: %
5 Years: 30%
3 Years: 41%
TTM: 43%
Compounded Profit Growth
10 Years: %
5 Years: 45%
3 Years: 45%
TTM: 37%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 134%
Return on Equity
10 Years: %
5 Years: 36%
3 Years: 37%
Last Year: 33%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 1 1 1 21 21 21 21
Reserves 82 111 157 217 329 461 547
30 17 13 13 17 20 27
80 66 115 148 152 255 226
Total Liabilities 193 196 285 399 519 757 821
24 27 26 174 164 153 161
CWIP 0 0 0 0 0 0 0
Investments 7 6 21 39 143 246 278
162 162 238 185 212 357 381
Total Assets 193 196 285 399 519 757 821

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
13 50 58 93 120 150
13 -2 -28 -163 -106 -139
-9 -22 -11 -10 -12 -14
Net Cash Flow 16 26 19 -81 3 -4

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 126 61 85 75 61 63
Inventory Days
Days Payable
Cash Conversion Cycle 126 61 85 75 61 63
Working Capital Days 26 -8 -25 -16 -3 -10
ROCE % 33% 41% 52% 51% 43%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
58.44% 58.43% 58.43% 58.43% 58.43% 58.43% 58.43% 58.43% 58.43% 55.71%
1.13% 0.75% 0.68% 1.16% 1.42% 3.81% 3.77% 12.11% 12.91% 14.63%
10.51% 11.54% 11.32% 9.79% 9.23% 15.67% 15.75% 15.69% 22.28% 23.92%
29.92% 29.27% 29.56% 30.61% 30.92% 22.09% 22.05% 13.77% 6.38% 5.74%
No. of Shareholders 27,66818,18317,34518,38619,75920,48522,65921,84620,48123,470

* 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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