Prudent Corporate Advisory Services Ltd

Prudent Corporate Advisory Services Ltd

₹ 2,430 -1.35%
07 Oct - close price
About

Incorporated in 2003, Prudent Corporate Advisory Services Limited provides retail wealth management services. The company offers Mutual Fund products, Life and General Insurance solutions, Stock Broking services, SIP with Insurance, Gold Accumulation Plan, Asset Allocation, and Trading platforms.[1]

Key Points

Product Offerings
Company’s business consists of distribution of mutual funds, insurance policies, and other financial products like PMS, AIF, FDs bonds, unlisted equities, stockbroking solutions, loans against securities, NPS, structured products, etc. and Stock Broking services.[1]

  • Market Cap 10,062 Cr.
  • Current Price 2,430
  • High / Low 2,848 / 1,094
  • Stock P/E 65.0
  • Book Value 116
  • Dividend Yield 0.08 %
  • ROCE 43.3 %
  • ROE 33.4 %
  • Face Value 5.00

Pros

  • Company is almost debt free.
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 44.9% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 37.0%

Cons

  • Stock is trading at 20.9 times its book value

* 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

Consolidated Figures in Rs. Crores / View Standalone

Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024
90 106 126 130 128 148 158 177 165 190 210 240 249
69 80 90 96 96 105 116 118 126 147 160 179 190
Operating Profit 21 25 35 34 32 42 43 58 39 43 50 61 59
OPM % 23% 24% 28% 26% 25% 29% 27% 33% 24% 23% 24% 25% 24%
2 3 1 1 0 1 3 3 5 4 5 6 7
Interest 0 0 2 1 1 0 1 1 0 0 0 1 0
Depreciation 2 2 5 5 6 6 6 6 6 6 6 6 6
Profit before tax 21 26 30 29 26 37 38 55 38 41 48 60 59
Tax % 26% 26% 26% 23% 26% 25% 26% 25% 25% 25% 25% 25% 25%
16 20 22 23 19 28 28 41 28 30 36 45 44
EPS in Rs 150.15 4.73 5.38 5.48 4.68 6.67 6.88 9.96 6.78 7.35 8.62 10.76 10.67
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
225 236 295 458 617 823 889
185 188 225 335 436 612 676
Operating Profit 40 48 70 123 181 211 213
OPM % 18% 20% 24% 27% 29% 26% 24%
-1 0 0 0 2 1 22
Interest 3 3 2 3 2 2 2
Depreciation 8 8 8 13 24 25 25
Profit before tax 29 37 61 107 157 186 207
Tax % 27% 26% 25% 25% 26% 25%
21 28 45 80 117 139 155
EPS in Rs 203.37 269.45 438.27 19.40 28.18 33.51 37.40
Dividend Payout % 22% 1% 1% 5% 5% 6%
Compounded Sales Growth
10 Years: %
5 Years: 30%
3 Years: 41%
TTM: 37%
Compounded Profit Growth
10 Years: %
5 Years: 45%
3 Years: 45%
TTM: 24%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 89%
Return on Equity
10 Years: %
5 Years: 36%
3 Years: 37%
Last Year: 33%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 1 1 1 21 21 21
Reserves 82 111 157 217 329 461
30 17 13 13 17 20
80 66 115 148 152 255
Total Liabilities 193 196 285 399 519 757
24 27 26 174 164 153
CWIP 0 0 0 0 0 0
Investments 7 6 21 39 143 246
162 162 238 185 212 357
Total Assets 193 196 285 399 519 757

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
13 50 58 93 120 150
13 -2 -28 -163 -106 -139
-9 -22 -11 -10 -12 -14
Net Cash Flow 16 26 19 -81 3 -4

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 126 61 85 75 61 63
Inventory Days
Days Payable
Cash Conversion Cycle 126 61 85 75 61 63
Working Capital Days 26 -8 -25 -16 -3 -10
ROCE % 33% 41% 52% 51% 43%

Shareholding Pattern

Numbers in percentages

7 Recently
Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
58.44% 58.43% 58.43% 58.43% 58.43% 58.43% 58.43% 58.43% 58.43%
1.13% 0.75% 0.68% 1.16% 1.42% 3.81% 3.77% 12.11% 12.91%
10.51% 11.54% 11.32% 9.79% 9.23% 15.67% 15.75% 15.69% 22.28%
29.92% 29.27% 29.56% 30.61% 30.92% 22.09% 22.05% 13.77% 6.38%
No. of Shareholders 27,66818,18317,34518,38619,75920,48522,65921,84620,481

* 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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