Prime Securities Ltd

Prime Securities Ltd

₹ 181 1.09%
18 Apr 9:36 a.m.
About

Incorporated in 1982, Prime Securities Ltd is a provider of diversified Investment Banking and Corporate Advisory services [1] [2]

Key Points

Service Offerings
The company offers value-added advice to clients on complex strategic and financial decisions as well as transactions focused around fundraising, mergers and acquisitions, private equity and debt placements, IPO, corporate advisory and capital restructuring [1]

  • Market Cap 604 Cr.
  • Current Price 181
  • High / Low 202 / 106
  • Stock P/E 46.3
  • Book Value 36.0
  • Dividend Yield 0.27 %
  • ROCE 8.47 %
  • ROE 5.75 %
  • Face Value 5.00

Pros

  • Company is almost debt free.
  • Company is expected to give good quarter
  • Company has been maintaining a healthy dividend payout of 83.5%

Cons

  • Company has a low return on equity of 10.6% over last 3 years.
  • Company has high debtors of 191 days.
  • Working capital days have increased from 59.1 days to 207 days

* 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

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
4.69 11.72 5.91 11.67 11.54 5.49 8.29 3.33 7.72 9.19 6.14 9.05 13.09
3.68 9.10 3.40 3.79 5.70 5.82 5.00 5.00 4.58 3.62 4.65 6.60 5.00
Operating Profit 1.01 2.62 2.51 7.88 5.84 -0.33 3.29 -1.67 3.14 5.57 1.49 2.45 8.09
OPM % 21.54% 22.35% 42.47% 67.52% 50.61% -6.01% 39.69% -50.15% 40.67% 60.61% 24.27% 27.07% 61.80%
0.00 0.02 2.78 0.10 0.00 0.01 0.09 0.85 0.00 1.21 0.00 0.00 0.00
Interest 0.06 0.05 0.05 0.05 0.05 0.28 0.09 0.11 0.26 0.18 0.17 0.16 0.09
Depreciation 0.20 0.20 0.19 0.20 0.19 0.14 0.19 0.24 0.24 0.33 0.18 0.22 0.21
Profit before tax 0.75 2.39 5.05 7.73 5.60 -0.74 3.10 -1.17 2.64 6.27 1.14 2.07 7.79
Tax % 0.00% 22.18% 13.66% 16.95% 27.32% 12.16% 17.74% -3.42% 20.08% 31.26% 17.54% 0.48% 18.49%
0.75 1.86 4.36 6.42 4.07 -0.65 2.55 -1.21 2.11 4.31 0.94 2.06 6.35
EPS in Rs 0.28 0.70 1.64 2.42 1.31 -0.21 0.81 -0.38 0.65 1.33 0.29 0.63 1.93
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Sep 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
17 8 -13 -7 9 7 9 11 50 30 34 28 37
6 5 32 4 3 9 6 12 45 21 18 18 20
Operating Profit 12 3 -45 -11 6 -2 3 -0 5 9 16 10 18
OPM % 68% 34% 65% -31% 31% -4% 10% 31% 47% 37% 47%
2 1 0 6 9 -5 1 -0 0 0 3 2 1
Interest 9 7 6 0 0 0 0 0 0 0 0 1 1
Depreciation 0 0 0 0 1 0 0 0 1 1 1 1 1
Profit before tax 5 -3 -52 -5 15 -7 3 -1 5 8 18 11 17
Tax % 19% -38% 0% 0% 4% 0% -6% 11% 32% 20% 20% 28%
4 -4 -52 -5 14 -7 3 -1 3 7 14 8 14
EPS in Rs 1.59 -1.58 -19.45 -1.86 5.30 -2.61 1.31 -0.26 1.17 2.50 4.55 2.40 4.18
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 180% 49% 21%
Compounded Sales Growth
10 Years: %
5 Years: 27%
3 Years: -17%
TTM: 51%
Compounded Profit Growth
10 Years: %
5 Years: 14%
3 Years: 27%
TTM: 424%
Stock Price CAGR
10 Years: 46%
5 Years: 34%
3 Years: 62%
1 Year: 60%
Return on Equity
10 Years: -2%
5 Years: 8%
3 Years: 11%
Last Year: 6%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Sep 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 13 13 13 13 13 13 13 13 13 13 16 16 16
Reserves 100 95 44 39 53 46 49 60 28 39 88 100 102
63 58 85 87 44 10 5 2 0 0 5 5 5
7 6 9 3 4 3 3 7 11 22 11 11 12
Total Liabilities 183 173 151 142 114 72 70 82 53 74 120 132 136
4 5 5 4 3 3 3 1 3 2 2 2 2
CWIP 0 0 0 0 0 0 0 0 0 0 1 0 0
Investments 85 77 47 50 47 9 9 19 11 21 49 61 75
94 91 100 88 64 60 58 63 39 50 68 68 58
Total Assets 183 173 151 142 114 72 70 82 53 74 120 132 136

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Sep 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
35 8 58 -6 27 7 5 -2 14 32 -3 -8
-4 1 -86 2 2 20 0 -4 -2 -21 -45 2
-31 -12 22 4 -29 -28 -5 6 -3 -0 34 -1
Net Cash Flow -1 -2 -6 -0 0 -1 -0 0 9 12 -14 -7

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Sep 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 139 165 -2 0 0 16 28 184 32 10 32 191
Inventory Days 0 0
Days Payable
Cash Conversion Cycle 139 165 -2 0 0 16 28 184 32 10 32 191
Working Capital Days 1,602 3,215 -94 260 2,249 2,820 2,111 274 125 -93 63 207
ROCE % 7% 2% -30% -5% 13% -2% 4% -1% 8% 18% 19% 8%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
2.90% 3.87% 3.42% 4.47% 4.89% 4.86% 5.34% 5.85% 5.59% 8.45% 7.04% 5.88%
0.05% 0.05% 0.05% 0.05% 0.05% 0.04% 0.04% 0.04% 0.04% 0.04% 0.04% 0.04%
97.05% 96.08% 96.53% 95.48% 95.06% 95.09% 94.61% 94.10% 94.37% 91.50% 92.91% 94.08%
No. of Shareholders 19,09119,65119,32819,53819,33919,10618,80818,49618,92718,32017,93417,980

* 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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