Prime Securities Ltd

Prime Securities Ltd

₹ 182 0.77%
01 Mar - 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 607 Cr.
  • Current Price 182
  • High / Low 202 / 92.3
  • Stock P/E 29.8
  • Book Value 41.2
  • Dividend Yield 0.27 %
  • ROCE 11.6 %
  • ROE 8.35 %
  • Face Value 5.00

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 67.0%

Cons

  • Company has a low return on equity of 12.9% over last 3 years.
  • Debtor days have increased from 50.2 to 116 days.
  • Working capital days have increased from 28.4 days to 110 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

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
6.31 19.07 7.15 13.20 15.44 10.45 9.83 8.68 15.87 12.12 20.68 15.40 17.91
5.22 15.33 4.62 5.25 7.57 9.03 6.56 7.66 10.60 6.95 13.75 10.54 7.76
Operating Profit 1.09 3.74 2.53 7.95 7.87 1.42 3.27 1.02 5.27 5.17 6.93 4.86 10.15
OPM % 17.27% 19.61% 35.38% 60.23% 50.97% 13.59% 33.27% 11.75% 33.21% 42.66% 33.51% 31.56% 56.67%
0.00 1.64 2.81 0.10 0.00 0.01 0.09 0.85 0.00 1.21 0.00 0.00 0.00
Interest 0.11 0.07 0.07 0.05 0.06 0.25 0.09 0.12 0.18 0.18 0.06 0.02 0.04
Depreciation 0.36 0.29 0.26 0.23 0.22 0.16 0.22 0.27 0.28 0.37 0.22 0.26 0.24
Profit before tax 0.62 5.02 5.01 7.77 7.59 1.02 3.05 1.48 4.81 5.83 6.65 4.58 9.87
Tax % 3.23% 25.50% 14.37% 16.86% 26.48% 38.24% 19.02% 46.62% 19.75% 30.36% 24.36% 13.76% 19.66%
0.60 3.74 4.29 6.46 5.58 0.63 2.47 0.79 3.86 4.06 5.03 3.95 7.93
EPS in Rs 0.23 1.41 1.62 2.44 1.79 0.20 0.78 0.25 1.20 1.25 1.54 1.20 2.41
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
30 1 -37 -9 12 20 24 47 74 44 46 47 66
12 11 37 8 4 -35 8 30 62 33 26 32 39
Operating Profit 18 -11 -74 -17 8 55 16 17 12 11 20 15 27
OPM % 60% -1,889% 68% 281% 67% 36% 16% 24% 44% 33% 41%
1 -0 1 6 8 -35 2 -0 -0 2 3 2 1
Interest 14 14 13 3 0 0 0 0 0 0 0 1 0
Depreciation 0 0 1 1 1 0 0 0 1 1 1 1 1
Profit before tax 4 -25 -86 -15 15 19 17 16 11 11 21 15 27
Tax % 27% -8% -0% -1% 4% 31% 17% 23% 27% 23% 21% 26%
3 -28 -87 -15 14 13 14 13 8 8 17 11 21
EPS in Rs 1.04 -10.44 -32.75 -5.75 5.36 5.06 5.39 4.76 2.98 3.10 5.45 3.46 6.40
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 145% 41% 14%
Compounded Sales Growth
10 Years: %
5 Years: 15%
3 Years: -14%
TTM: 47%
Compounded Profit Growth
10 Years: %
5 Years: -6%
3 Years: 8%
TTM: 164%
Stock Price CAGR
10 Years: 49%
5 Years: 36%
3 Years: 61%
1 Year: 84%
Return on Equity
10 Years: %
5 Years: 17%
3 Years: 13%
Last Year: 8%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 102 74 -13 -28 -14 -18 -3 20 32 44 96 111 119
99 108 102 110 89 17 8 4 0 0 5 0 0
30 44 179 146 114 10 4 11 16 24 14 14 15
Total Liabilities 244 239 282 241 203 22 22 49 62 81 131 141 151
5 6 5 5 3 3 3 2 4 3 3 3 2
CWIP 0 0 0 0 0 0 0 0 0 0 1 0 0
Investments 110 121 75 57 49 2 2 3 2 17 44 56 69
129 112 201 180 150 18 17 44 56 62 83 83 80
Total Assets 244 239 282 241 203 22 22 49 62 81 131 141 151

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Sep 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
22 41 -40 -14 -0 7 7 -1 15 40 1 -5
15 -34 39 7 9 20 0 -2 -3 -27 -48 3
-35 -6 -20 6 -7 -25 -9 4 -3 -0 34 -6
Net Cash Flow 2 1 -21 -1 1 3 -2 1 9 13 -13 -8

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 304 20,629 -1,278 -4,828 3,787 80 20 172 22 7 28 116
Inventory Days 0 0
Days Payable
Cash Conversion Cycle 304 20,629 -1,278 -4,828 3,787 80 20 172 22 7 28 116
Working Capital Days 833 22,200 84 864 784 -57 42 205 112 -59 34 110
ROCE % 8% -5% -49% -14% 20% 18% 105% 60% 27% 21% 22% 12%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
1.40% 2.90% 3.87% 3.42% 4.47% 4.89% 4.86% 5.34% 5.85% 5.59% 8.45% 7.04%
0.06% 0.05% 0.05% 0.05% 0.05% 0.05% 0.04% 0.04% 0.04% 0.04% 0.04% 0.04%
98.54% 97.05% 96.08% 96.53% 95.48% 95.06% 95.09% 94.61% 94.10% 94.37% 91.50% 92.91%
No. of Shareholders 19,69419,09119,65119,32819,53819,33919,10618,80818,49618,92718,32017,934

* 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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