Prime Securities Ltd

₹ 117 1.74%
12 Aug - close price
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 368 Cr.
  • Current Price 117
  • High / Low 133 / 75.8
  • Stock P/E 24.3
  • Book Value 35.8
  • Dividend Yield 3.85 %
  • ROCE 21.9 %
  • ROE 17.5 %
  • Face Value 5.00

Pros

  • Company is almost debt free.
  • Stock is providing a good dividend yield of 3.85%.
  • Company is expected to give good quarter
  • Company has a good return on equity (ROE) track record: 3 Years ROE 17.7%
  • Company has been maintaining a healthy dividend payout of 62.2%

Cons

  • Debtor days have increased from 21.3 to 35.9 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

Consolidated Figures in Rs. Crores / View Standalone

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
10.75 18.79 13.99 31.15 10.08 8.91 6.31 19.07 7.15 13.20 15.44 10.45 9.83
7.76 9.74 13.80 31.43 7.59 5.59 5.22 15.33 4.62 5.25 7.57 9.03 6.56
Operating Profit 2.99 9.05 0.19 -0.28 2.49 3.32 1.09 3.74 2.53 7.95 7.87 1.42 3.27
OPM % 27.81% 48.16% 1.36% -0.90% 24.70% 37.26% 17.27% 19.61% 35.38% 60.23% 50.97% 13.59% 33.27%
0.00 0.00 0.00 0.01 0.00 0.01 0.00 1.64 2.81 0.10 0.00 0.00 0.09
Interest 0.07 0.06 0.03 0.05 0.08 0.12 0.11 0.07 0.07 0.05 0.06 0.25 0.09
Depreciation 0.23 0.22 0.21 0.33 0.29 0.35 0.36 0.29 0.26 0.23 0.22 0.16 0.22
Profit before tax 2.69 8.77 -0.05 -0.65 2.12 2.86 0.62 5.02 5.01 7.77 7.59 1.01 3.05
Tax % 30.48% 19.95% -780.00% -41.54% 56.13% 0.35% 3.23% 25.50% 14.37% 16.86% 26.48% 37.62% 19.02%
Net Profit 1.87 7.02 -0.44 -0.92 0.93 2.85 0.60 3.74 4.29 6.46 5.58 0.63 2.47
EPS in Rs 0.71 2.65 -0.17 -0.35 0.35 1.07 0.23 1.41 1.62 2.44 1.79 0.20 0.78

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Sep 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
30 30 1 -37 -9 12 20 24 47 74 44 46 49
16 12 11 37 8 4 -35 8 30 62 33 26 28
Operating Profit 14 18 -11 -74 -17 8 55 16 17 12 11 20 21
OPM % 46% 60% -1,889% 68% 281% 67% 36% 16% 24% 43% 42%
0 1 -0 1 6 8 -35 2 -0 -0 2 3 0
Interest 6 14 14 13 3 0 0 0 0 0 0 0 0
Depreciation 0 0 0 1 1 1 0 0 0 1 1 1 1
Profit before tax 8 4 -25 -86 -15 15 19 17 16 11 11 21 19
Tax % 50% 27% -8% -0% -1% 4% 31% 17% 23% 27% 23% 21%
Net Profit 4 3 -28 -87 -15 14 13 14 13 8 8 17 15
EPS in Rs 1.44 1.04 -10.44 -32.75 -5.75 5.36 5.06 5.39 4.76 2.98 3.10 5.45 5.21
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 145% 41%
Compounded Sales Growth
10 Years: 55%
5 Years: 18%
3 Years: -1%
TTM: 18%
Compounded Profit Growth
10 Years: 10%
5 Years: 19%
3 Years: 5%
TTM: 66%
Stock Price CAGR
10 Years: 26%
5 Years: 28%
3 Years: 47%
1 Year: 26%
Return on Equity
10 Years: %
5 Years: 29%
3 Years: 18%
Last Year: 18%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Sep 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
13 13 13 13 13 13 13 13 13 13 13 16
Reserves 99 102 74 -13 -28 -14 -18 -3 20 32 44 96
125 99 108 102 110 89 17 8 4 0 0 5
21 30 44 179 146 114 10 4 11 16 24 14
Total Liabilities 257 244 239 282 241 203 22 22 49 62 81 131
5 5 6 5 5 3 3 3 2 4 3 3
CWIP 0 0 0 0 0 0 0 0 0 0 0 1
Investments 119 110 121 75 57 49 2 2 3 2 17 44
133 129 112 201 180 150 18 17 44 56 62 84
Total Assets 257 244 239 282 241 203 22 22 49 62 81 131

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Sep 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
5 22 41 -40 -14 -0 7 7 -1 15 26 1
-83 15 -34 39 7 9 20 0 -2 -3 -13 -48
95 -35 -6 -20 6 -7 -25 -9 4 -3 -0 34
Net Cash Flow 16 2 1 -21 -1 1 3 -2 1 9 13 -13

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Sep 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 246 304 20,629 -1,278 -4,828 3,787 80 20 172 22 7 36
Inventory Days 0 0
Days Payable
Cash Conversion Cycle 246 304 20,629 -1,278 -4,828 3,787 80 20 172 22 7 36
Working Capital Days 1,107 833 22,200 84 864 784 -57 42 205 112 -58 35
ROCE % 7% 8% -5% -49% -14% 20% 18% 105% 60% 27% 21% 22%

Shareholding Pattern

Numbers in percentages

2 recently
Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
0.23 0.23 0.23 0.23 0.60 0.42 1.40 2.90 3.87 3.42 4.47 4.89
0.06 0.24 0.05 0.05 0.06 0.05 0.06 0.05 0.05 0.05 0.05 0.05
99.71 99.53 99.72 99.72 99.34 99.53 98.54 97.05 96.08 96.53 95.48 95.06

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