Prime Securities Ltd

₹ 299 -2.91%

11 Dec 3:47 p.m.

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

Website BSE NSE

Market Cap ₹ 1,011 Cr.
Current Price ₹ 299
High / Low ₹ 359 / 152
Stock P/E 28.0
Book Value ₹ 56.2
Dividend Yield 0.33 %
ROCE 16.5 %
ROE 13.0 %
Face Value ₹ 5.00

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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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Detailed Comparison with:

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
	13	15	10	10	9	16	12	21	15	18	13	29	30
	5	8	9	7	8	11	7	14	11	8	10	17	12
Operating Profit	8	8	1	3	1	5	5	7	5	10	3	13	18
OPM %	60%	51%	14%	33%	12%	33%	43%	34%	32%	57%	20%	43%	61%
	0	0	0	0	1	0	1	0	0	0	0	4	0
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	8	8	1	3	1	5	6	7	5	10	2	16	18
Tax %	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	17
EPS in Rs	2.44	1.79	0.20	0.78	0.25	1.20	1.25	1.54	1.20	2.41	0.50	3.61	5.13
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2012	Sep 2013 18m	Mar 2015 18m	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	90
	11	37	8	4	-35	8	30	62	33	26	32	42	46
Operating Profit	-11	-74	-17	8	55	16	17	12	11	20	15	24	44
OPM %	-1,889%			68%	281%	67%	36%	16%	24%	44%	32%	37%	49%
	-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	46
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	39
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	11.65
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:	40%

Compounded Profit Growth
10 Years:	8%
5 Years:	8%
3 Years:	31%
TTM:	122%

Stock Price CAGR
10 Years:	47%
5 Years:	47%
3 Years:	42%
1 Year:	54%

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	Sep 2024
Equity Capital	13	13	13	13	13	13	13	13	13	16	16	17	17
Reserves	74	-13	-28	-14	-18	-3	20	32	44	96	111	141	172
	108	102	110	89	17	8	4	0	0	5	0	0	0
	44	179	146	114	10	4	11	16	24	14	14	19	24
Total Liabilities	239	282	241	203	22	22	49	62	81	131	141	177	213
	6	5	5	3	3	3	2	4	3	3	3	2	3
CWIP	0	0	0	0	0	0	0	0	0	1	0	0	0
Investments	121	75	57	49	2	2	3	2	17	44	56	109	157
	112	201	180	150	18	17	44	56	62	83	83	66	53
Total Assets	239	282	241	203	22	22	49	62	81	131	141	177	213

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

3 Recently

	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
	3.42%	4.47%	4.89%	4.86%	5.34%	5.85%	5.59%	8.45%	7.04%	5.88%	6.04%	5.26%
	0.05%	0.05%	0.05%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	4.85%	4.85%
	96.53%	95.48%	95.06%	95.09%	94.61%	94.10%	94.37%	91.50%	92.91%	94.08%	89.12%	89.89%
No. of Shareholders	19,328	19,538	19,339	19,106	18,808	18,496	18,927	18,320	17,934	17,980	17,538	17,695

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
	1.28%	0.56%	0.04%	0.23%	1.40%	4.47%	5.85%	5.88%	5.26%
	0.06%	0.16%	0.06%	0.05%	0.06%	0.05%	0.04%	0.04%	4.85%
	98.66%	99.28%	99.90%	99.72%	98.54%	95.48%	94.10%	94.08%	89.89%
No. of Shareholders	24,377	23,681	21,978	20,721	19,694	19,538	18,496	17,980	17,695

* 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.

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Prime Securities Ltd

Prime Securities Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

Documents

Announcements

Annual reports