Prime Securities Ltd - Stock Valuation and Financial Performance

BSE: 500337 | NSE: PRIMESECU | Finance - Stock Broking | Small Cap

Prime Securities Share Price

181.65 1.45 0.80%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Prime Securities

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Semi Strong

Prime Securities stock performance -

mw4me loader
P/E Ratio (SA):
44.27
Market Cap:
604.7 Cr.
52-wk low:
96.5
52-wk high:
200.1

Is Prime Securities Ltd an attractive stock to invest in?

1. Is Prime Securities Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Prime Securities Ltd is a average quality company.

2. Is Prime Securities Ltd undervalued or overvalued?

The key valuation ratios of Prime Securities Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Prime Securities Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Prime Securities Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Prime Securities:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Prime Securities Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Sep'13Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % -30.7%-3.4%11.3%-7.7%5.1%-0.9%5.5%14.5%18.1%7.2%-
Value Creation
Index
-3.2-1.2-0.2-1.6-0.6-1.1-0.60.00.3-0.5-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 2.71.610.44.68.311.1503031.22437
Sales YoY Gr.--43%571.6%-55.5%78.6%34.3%349.9%-40.1%4%-22.8%-
Adj EPS -13-1.25.3-2.61.3-0.31.22.54.62.44.1
YoY Gr.-NANA-149.3%NA-119.9%NA113.7%82%-47.3%-
BVPS (₹) 14.413.22522.323.523.91416.530.233.737.6
Adj Net
Profit
-34.3-3.314-6.93.5-0.73.16.614.27.814
Cash Flow from Ops. 38.8-4.227.17.35.2-1.813.532.3-2.6-8.1-
Debt/CF from Ops. 1.5-13.81.61.40.9-1.100-1.9-0.6-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 27.4%23.8%-21.7%-22.8%
Adj EPS NA12.9%27.1%-47.3%
BVPS9.9%7.4%34.1%11.7%
Share Price 50.2% 34.7% 63.4% 75.5%

Key Financial Parameters

Performance Ratio Colour Code Guide

Sep'13Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
-62.1-923.7-115.7-1.16.216.420.67.611.5
Op. Profit
Mgn %
-257.3-66.668.232.629.2-4.413.13141.925.147
Net Profit
Mgn %
-1263.9-211.4135-149.242-6.16.222.145.632.336.4
Debt to
Equity
1.51.70.70.20.10000.10-
Working Cap
Days
8,37214,6912,6494,8672,5882,001360398389467632
Cash Conv.
Cycle
161-81-165-143-21156635540196580

Recent Performance Summary

Net Profit is growing at healthy rate in last 3 years 27.06%

Sales growth is good in last 4 quarters at 70.70%

Return on Equity has declined versus last 3 years average to 11.50%

Sales growth has been subdued in last 3 years -21.65%

Latest Financials - Prime Securities Ltd.

Standalone Consolidated
TTM EPS (₹) 4.1 6.3
TTM Sales (₹ Cr.) 37.5 66.1
BVPS (₹.) 37.6 43.3
Reserves (₹ Cr.) 108 127
P/BV 4.83 4.20
PE 44.27 28.84
From the Market
52 Week Low / High (₹) 96.49 / 200.05
All Time Low / High (₹) 1.50 / 345.05
Market Cap (₹ Cr.) 605
Equity (₹ Cr.) 16.6
Face Value (₹) 5
Industry PE 25.3

Management X-Ray of Prime Securities:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Prime Securities

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSSep'13Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Income4621791150303430
Interest Income4210581150303124
Other Income 04112100036
Expenditure 56146961245221921
Interest Expense 6000000001
Operating Expenses 433351025191818
Provisions 4610361220313
Exceptional Items 03-1-5000032
Profit Before Tax -51-515-73-1581811
Taxes 0010001233
Profit After Tax -51-514-73-137148
Adjusted EPS (₹)-19.5-1.95.3-2.61.3-0.31.22.54.62.4
Dividend Payout Ratio (%)0%0%0%0%0%0%0%180%49%21%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSSep'13Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Equity Capital5752665963644252104116
Share Capital 13131313131313131616
Reserves 44395346495128398899
Minority Interest0000000000
Long Term Borrowings11964156172711
Current Liabilities 93724295692197
Trade Payables0111000200
Short term borrowings8570386320000
Other Liabilities-85-71-39-7-370-200
Total Liabilities 1511421147269845790140134

Assets

Non Current Asset 1461355217172838487869
Loan Asset 0000000000
Other Non Current Asset 1461355217172838487869
Current Asset 576255535619426165
Current Investment0000000000
Other Current Asset576255525619426165
Total Assets 1511421147269845790140134

Cash Flow

(All Figures are in Crores.)
PARTICULARSSep'13Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 58-62775-21432-3-8
Cash Flow From Investing Activity -8622200-4-2-21-452
Cash Flow From Financing Activity 224-29-28-56-3034-1
Net Cash Flow -600-100912-14-7
PARTICULARSSep'13Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Operational & Financial Ratios

EPS (₹)-19-25-3101352
DPS (₹)0000000521
BVPS (₹)22202522242414163034

Performance Ratios

ROA (%)-31.8-3.410.9-7.44.9-0.94.49.012.45.7
ROE (%)-62.1-9.023.7-11.05.7-1.16.216.420.67.6
ROCE (%)-29.6-3.311.8-7.74.8-1.08.118.122.510.0

Valuation Parameters

Price/Book(x)0.20.20.21.62.01.72.12.53.13.3

Prime Securities Ltd Stock News

Prime Securities Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Prime Securities on 28-Mar-2024 16:01 is ₹181.7.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 28-Mar-2024 16:01 the market cap of Prime Securities stood at ₹604.7.
The latest P/E ratio of Prime Securities as of 28-Mar-2024 16:01 is 44.27.
The latest P/B ratio of Prime Securities as of 28-Mar-2024 16:01 is 4.83.
The 52-week high of Prime Securities is ₹200.1 and the 52-week low is ₹96.49.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Prime Securities is ₹37.47 ( Cr.) .

About Prime Securities Ltd

The Company was incorporated in the name of Suvibha Investment Company Private Limited on March 20, 1982. The Company became a Public Company in July 1984. The name of the company was subsequently changed in November 1990 to Prime securities Limited. The name was further changed to Prime Securities Limited on November 29, 1990. Thereafter the Company became a Public Company by passing a Special Resolution on March 16 1992 and obtaining fresh Certificate of Incorporation dated February 25, 1993.

The company is engaged in financial services, offering Corporate Finance, Institutional Broking Private Wealth Management and Research

Prime Securities is dedicated to complying fully with the letter and spirit of the laws, rules and ethical principles that governs the company.

Services offered by the company:

  • Corporate Finance-Its Investment Banking business is dedicated to providing corporations, high networth individuals and investors, the highest quality financial transaction advise and execution. Its investment banking expertise ranges across domestic and cross border mergers & acquisitions, capital raising, debt restructuring and Initial Public Offerings. Prime's global, cross-industry expertise and our strong associations with financial institutions, industry leaders and expertise in MidCap and Small cap positions us to offer comprehensive advisory expertise to corporations in domestic and international markets.
  • Institutional Broking- Prime Broking Company (India) Limited is a SEBI registered Stock Broker having Membership of National Stock Exchange of India Limited, Bombay Stock Exchange and Over the Counter Exchange of India.
  • Private Wealth Management- Prime Wealth Management offers personalized financial planning and risk management investment products. Our investment approach is risk based and across asset classes that range from capital markets, debt instruments, real estate to private equity opportunities.Financial goals are established with the clients and our investment team approaches each client with the appropriate product based on their risk profile.
  • Research- Prime’s greatest asset is its research. Its comprehensive analysis of Indian markets and the mid cap/small cap sectors have provided its clients money making ideas to achieve superior returns in all phases of the capital market.
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