Prime Securities Ltd

Prime Securities Ltd

₹ 280 -1.63%
29 May - 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 949 Cr.
  • Current Price 280
  • High / Low 325 / 239
  • Stock P/E 53.7
  • Book Value 62.8
  • Dividend Yield 0.54 %
  • ROCE 5.90 %
  • ROE 9.03 %
  • Face Value 5.00

Pros

  • Company is almost debt free.
  • Company has delivered good profit growth of 21.7% CAGR over last 5 years
  • Debtor days have improved from 94.6 to 50.3 days.

Cons

  • Stock is trading at 4.46 times its book value
  • Tax rate seems low
  • Company has a low return on equity of 11.6% over last 3 years.
  • Working capital days have increased from 521 days to 1,394 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
9.19 6.14 9.05 13.09 5.53 13.74 26.33 13.53 4.52 16.02 18.15 13.13 7.42
3.62 4.65 6.60 5.00 6.09 6.72 8.73 6.01 3.90 14.44 8.07 7.53 11.93
Operating Profit 5.57 1.49 2.45 8.09 -0.56 7.02 17.60 7.52 0.62 1.58 10.08 5.60 -4.51
OPM % 60.61% 24.27% 27.07% 61.80% -10.13% 51.09% 66.84% 55.58% 13.72% 9.86% 55.54% 42.65% -60.78%
1.21 0.00 0.00 0.00 0.00 3.68 0.00 0.00 0.37 0.00 0.00 0.01 0.58
Interest 0.18 0.17 0.16 0.09 0.07 0.06 0.02 0.01 0.06 0.10 0.11 0.13 0.18
Depreciation 0.33 0.18 0.22 0.21 0.21 0.22 0.24 0.22 0.27 0.41 0.41 0.41 0.45
Profit before tax 6.27 1.14 2.07 7.79 -0.84 10.42 17.34 7.29 0.66 1.07 9.56 5.07 -4.56
Tax % 31.26% 17.54% 0.48% 18.49% -13.10% 21.88% 2.77% 15.91% -69.70% 27.10% -72.18% 18.15% -18.42%
4.31 0.94 2.06 6.35 -0.73 8.14 16.86 6.13 1.12 0.78 16.46 4.15 -3.72
EPS in Rs 1.33 0.29 0.63 1.93 -0.22 2.43 5.03 1.82 0.33 0.23 4.89 1.22 -1.10
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 18m Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
-7 9 7 9 11 50 30 34 28 34 56 53
4 3 9 6 12 45 21 18 18 22 23 41
Operating Profit -11 6 -2 3 -0 5 9 16 10 11 33 12
OPM % 65% -31% 31% -4% 10% 31% 47% 37% 34% 58% 23%
6 9 -5 1 -0 0 0 3 2 0 4 1
Interest 0 0 0 0 0 0 0 0 1 0 0 1
Depreciation 0 1 0 0 0 1 1 1 1 1 1 2
Profit before tax -5 15 -7 3 -1 5 8 18 11 10 36 11
Tax % 0% 4% 0% -6% -11% 32% 20% 20% 28% 15% 10% -59%
-5 14 -7 3 -1 3 7 14 8 9 32 18
EPS in Rs -1.86 5.30 -2.61 1.31 -0.26 1.17 2.50 4.55 2.40 2.59 9.59 5.22
Dividend Payout % 0% 0% 0% 0% 0% 0% 180% 49% 21% 39% 16% 0%
Compounded Sales Growth
10 Years: 19%
5 Years: 12%
3 Years: 23%
TTM: -5%
Compounded Profit Growth
10 Years: 2%
5 Years: 22%
3 Years: 41%
TTM: -40%
Stock Price CAGR
10 Years: 43%
5 Years: 40%
3 Years: 33%
1 Year: 13%
Return on Equity
10 Years: 9%
5 Years: 11%
3 Years: 12%
Last Year: 9%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 13 13 13 13 13 13 13 16 16 17 17 17
Reserves 39 53 46 49 60 28 39 88 100 120 162 196
87 44 10 5 2 0 0 5 5 2 0 3
3 4 3 3 7 11 22 11 11 16 20 15
Total Liabilities 142 114 72 70 82 53 74 120 132 154 199 231
4 3 3 3 1 3 2 2 2 2 4 7
CWIP 0 0 0 0 0 0 0 1 0 0 0 0
Investments 50 47 9 9 19 11 21 49 61 105 172 196
88 64 60 58 63 39 50 68 68 48 23 27
Total Assets 142 114 72 70 82 53 74 120 132 154 199 231

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
-6 27 7 5 -2 14 32 -3 -8 4 31
2 2 20 0 -4 -2 -21 -45 2 -4 -28
4 -29 -28 -5 6 -3 -0 34 -1 1 -3
Net Cash Flow -0 0 -1 -0 0 9 12 -14 -7 0 0
Free Cash Flow -6 27 7 5 -2 11 32 -4 -8 4 32
CFO/OP 56% 453% -351% 215% 245% 358% 396% -9% -72% 63% 108%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 0 0 16 28 184 32 10 32 191 133 100 50
Inventory Days 0
Days Payable
Cash Conversion Cycle 0 0 16 28 184 32 10 32 191 133 100 50
Working Capital Days -3,479 751 2,483 2,004 274 125 -93 63 207 135 34 1,394
ROCE % -5% 13% -2% 4% -1% 8% 18% 19% 8% 8% 20% 6%

Insights

In beta
Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Number of Permanent Employees on Rolls
Number

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Per Person Productivity (Pre-tax Profit per Employee)
INR Crore
Revenue from Top External Customers (Concentration)
Number of Customers
New Wealth Management Business Managers Recruited
Number

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
5.59% 8.45% 7.04% 5.88% 6.04% 5.26% 4.38% 4.59% 4.48% 4.47% 4.93% 4.96%
0.04% 0.04% 0.04% 0.04% 4.85% 4.85% 4.84% 4.95% 4.95% 4.95% 5.08% 5.08%
94.37% 91.50% 92.91% 94.08% 89.12% 89.89% 90.79% 90.46% 90.57% 90.58% 89.98% 89.95%
No. of Shareholders 18,92718,32017,93417,98017,53817,69519,01421,53920,62319,42618,50818,094

* 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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