loader2
Partner With Us NRI

Prudent Corporate Advisory Services Ltd share Price Today

Company details

1,823.40
1,853.95
895.65
1,853.95
6M Return 53.61%
1Y Return 99.64%
Mkt Cap.(Cr) 7,606.47
Volume 15,433
Div Yield 0.11%
OI
-
OI Chg %
-
Volume 15,433

Open Free Trading Account Online with ICICIDIRECT

Incur '0' Brokerage upto ₹500

Financial Services company Prudent Corporate Advisory Services announced FY24 results:

Financial Highlights:

  • Revenue from operations grew 32% YoY to Rs 805.1 crore led by 32% growth in Yearly Average AUM in the mutual fund vertical coupled with a 50% growth in revenues from non-mutual fund products.

  • Growth in AUM was largely led by marked to market (M2M) gains as markets witnessed a strong broad based rally during Fiscal 2024. Closing AUM as of 31 March 2024 grew by 48% YoY to Rs 83,384 crore.

  • Systematic Investment Plan (SIP) book grew by 40% YoY in the month of March & stood at Rs 726 crore. Our market share of SIP flow in the industry stood at 3.8% for March-2024.

  • Operating profit grew by 11% YoY to Rs 193.1 crore. Operating profit growth was lower than revenue growth on the back of investments made to scale the insurance vertical.

  • Profit after tax grew by 19% YoY to Rs 138.7 crore led by a strong operational growth & higher other income. 

  • The Cash Flow from Operations (CFO) during FY24 stood at Rs 150 crore & CFO/PAT ratio stood at a 108%. Strong Cash Flow from Operations will give firepower for inorganic acquisitions going forward.

  • Return on Equity stood at 28.8% for FY24.

  • The Board of Directors has recommended a final dividend of Rs 2 per Equity Share. This dividend is on the face value of Rs 5 per share.

Commenting on the results, Sanjay Shah, Managing Director of Prudent Group stated “Gross Household Financial Savings is expected to double to Rs 62 trillion in the next six years. Within gross household financial savings, share of savings in the form of currency & deposits have gone down from 64% a decade back to now 45%. This share is getting captured by government savings scheme & investments in the form of mutual funds & direct equity. The ability of mutual funds to deliver inflation beating returns is getting well understood by retail. Prudent is making most of this opportunity. Industry’s Systematic Investment Plan (SIP) book has grown by almost Rs 50 billion in FY24, of which Prudent’s contribution is 2 billion leading to a 4% market share in the incremental SIP additions. By March-2026, as we aim to achieve an AUM of Rs 1 lakh crore, we foresee our monthly SIP inflow crossing the mark of Rs 1000 crore. With a robust performance track record and a promising economic backdrop, we are poised to continue our successful growth trajectory."

Shirish Patel, Chief Executive Officer (CEO) of Prudent Group stated “Our numbers are a testament to the enduring strength of our business model. Three Key Highlights from FY24 Results:

  • Our Mutual Fund AUM crossed Rs 83,000 crore

  • Our Consolidated Topline crossed Rs 800 crore

  • Our Consolidated Profit After Tax crossed Rs 138 crore

As we reflect on the year, we added Rs 277 billion of Equity AUM. Of this, Rs 215 billion was contributed by Marked to Market movement. Our entire AUM as on 30 May 2020 was around 210 billion & the M2M of this year alone is equivalent to the entire AUM four years back. Net sales during the year was Rs 62 billion which is 25% higher compared to FY23 levels. Fiscal 2025 looks very promising as we are starting the year at a mutual fund AUM of Rs 834 billion which is 19% higher compared to the yearly average AUM of Rs 699 billion in FY24 on which we earned our revenues. We are confident in our strategy and our team, and look forward to continuing our growth trajectory”

Result PDF

View Other Company Results

Prudent Corporate Advisory Services Ltd shares SWOT Analysis

Strengths (11)

  • Strong Momentum: Price above short, medium and long term moving averages
  • New 52 week high today
  • Growth in Net Profit with increasing Profit Margin (QoQ)

Weakness (4)

  • MFs decreased their shareholding last quarter
  • Inefficient use of capital to generate profits - RoCE declining in the last 2 years
  • Inefficient use of shareholder funds - ROE declining in the last 2 years

Opportunity (2)

  • Highest Recovery from 52 Week Low
  • RSI indicating price strength

Threats (4)

  • Big Deal (Insider and SAST) sells last month greater than 1% of total shares
  • High PE (PE > 40)
  • Increasing Trend in Non-Core Income

Resistance and support

R1 1,857.7
R2 1,888.3
R3 1,926.7
Pivot

1,819.35

S1 1,788.8
S2 1,750.4
S3 1,719.8
EMA SMA
1,663.9
1,563.2
1,460.0
1,329.9
1,661.1
1,540.3
1,420.5
1,317.5
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
KOTAK MAHINDRA MUTUAL FUND Bulk Purchase 2024-05-28 1650 1600000 NSE
DSP MUTUAL FUND Bulk Purchase 2024-05-28 1650 323573 NSE
CANARA ROBECO MUTUAL FUND Bulk Purchase 2024-05-28 1650 282000 NSE
Name Category Shares
Sanjay Rameshchandra Shah PROMOTER 43.36%
Maitry Sanjaybhai Shah PROMOTER 6.67%
Sakhi Sanjaybhai Shah PROMOTER 6.67%
Rameshchandra Chimanlal Shah PROMOTER 1.48%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Prudent Corporate Advisory Services Ltd Stocks COMPARISON

Financials( in Cr) Prudent Corporate Advisory Services Ltd Angel One Ltd ICICI Securities Ltd Nuvama Wealth Management Ltd Motilal Oswal Financial Services Ltd
Price 1,837.00 2,625.00 717.20 5,094.85 658.05
% Change 0.54 -0.40 -0.31 0.15 -1.83
Mcap Cr 7,606.47 23,593.24 23,190.88 17,989.41 9,805.41
Revenue TTM Cr 617.01 3,002.30 3,421.52 2,223.31 4,177.76
Net Profit TTM Cr 116.69 889.95 1,117.63 305.07 932.82
PE TTM 54.55 21.05 13.72 28.79 16.44
1 Year Return 99.64 75.81 38.60 95.02 297.25
ROCE 51.44 44.29 18.08 10.86 12.96
ROE 39.72 47.52 42.31 10.45 15.64
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 349.97 Cr FV: 5.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 34,884.91 -9,332.45
LAST 3M 106,892.87 -46,178.73
LAST 6M 180,013.62 -16,713.35
LAST 12M 285,796.32 100,710.28
Prudent Corporate Advisory Services Limited - Copy of Newspaper Publication

Jun 07, 2024 l NSE Announcement

Prudent Corporate Advisory Services Limited - Updates

Jun 06, 2024 l NSE Announcement

Prudent Corporate Advisory Services EGM scheduled

Jun 06, 2024 l BSE Announcement

Date Action Type Ratio
Aug 18, 2023 Dividend 30
Sep 15, 2022 Dividend 20

Prudent Corporate Advisory Services Ltd Information

Stock PE (TTM)
54.55
Promoter Holding
58.43%
Book Value
116.2502
ROCE
51.44%
ROE
39.72%
Description
  • Prudent Corporate Advisory Services Ltd. was incorporated on June 4, 2003, as `Prudent Corporate Advisory Services Limited`, as a Public Limited Company under the Companies Act, 1956, pursuant to a Certificate of Incorporation issued by the RoC. The Company commenced its operations pursuant to a Certificate for Commencement of Business dated June 20, 2003, issued by the RoC. The Company is an independent retail wealth management services group in India and is amongst the top mutual fund distributors in terms of average assets under management (AAUM) and commission received. It offer a technology enabled, comprehensive investment and financial services platform with end-to-end solutions critical for financial products distribution and presence across both online and offline channels. The Company has provided wealth management services to 13,51,274 unique retail investors through 23,262 MFDs on business-to-business-to-consumer (B2B2C) platform and is presently spread across branches in 110 locations in 20 states in India. Owing to a large network of MFDs, it facilitate AMCs access to smaller cities, especially in the B-30 markets. Apart from this, it distributes life and general insurance products in India through its wholly owned subsidiary, Gennext. In 2000, the Company started offering financial services in the name "Prudent Fund Manager". In 2003, the Company obtained ARN to provide Mutual Fund Distribution Services to clients. In 2006, the Company launched Partner Network. In 2010, the Company launched Property Advisory /Distribution services. In 2016, the Company obtained SEBI RIA licence to provide Investment Advisory services. It obtained the PFRDA Point of Presence license for NPS Distribution. In 2017, the Company launched NPS on Fundzbazar. During the year 2017, the Company received RERA Real Estate Agent License in Gujarat and Maharashtra and also launched Online paperless empanellment for Mutual Fund Distributors. In 2018, the Company further launched Fundzbot on Fundzbazar and launched Prudent Private Wealth and fixed income investment options (bond investing) on Fundzbazar in 2019. In 2020, the Company obtained registration from SEBI to act as a stock broker under the SEBI Stock Brokers Regulations. It started offering unlisted equity, bonds, structured products, distribution of PMS/ AIFs products and private wealth management services. In 2021, the Company launched stock broking on Fundzbazar. Besides this, it obtained RERA Real Estate Agent License in Karnataka. The Company received awards, accreditation and recognition during the year as summarized below: In 2009, the Company was awarded for the Best Performing Regional Financial Advisor -(West) by UTI Mutual Fund and CNBC-TV 18 at the Financial Advisor Awards 2008-09. In 2010, the Company received award for the Best Performing Regional Financial Advisor(West)by UTI Mutual Fund and CNBC-TV 18 at the Financial Advisor Awards 2010. In 2012, the Company bagged award for the Best Performing Regional Financial Advisor(West)by UTI Mutual Fund and CNBC-TV 18 at the Financial Advisor Awards 2012. In 2013, the Company was awarded for Best Performing Regional Financial Advisor -(West) by UTI Mutual Fund and CNBC-TV 18 at the Financial Advisor Awards 2012-13. In 2014, the Company was awarded for Best Performing Regional Financial Advisor -(West) by UTI Mutual Fund and CNBC-TV 18 at the Financial Advisor Awards 2013-14. And in the year 2020, the Company received You & I Excellence Award 2020 for Highest Overall AUM National Distributor by Kotak Mutual Fund.

Registered Address

Prudent House 3 Panjarapole, Cross Road Ambawadi, Ahmedabad, Gujarat, 380015

Tel : 91-79-40209600
Email : cs:prudentcorporate.com
Website : http://www.prudentcorporate.com
Registrar

Link Intime India Pvt Ltd

AGM Date (Month) : Aug
Face Value Equity Shares : 5
Market Lot Equity Shares : 1
BSE Code : 543527
NSE Code : PRUDENT
Book Closure Date (Month) :
BSE Group : B
ISIN : INE00F201020

FAQ’s on Prudent Corporate Advisory Services Ltd Shares

You can buy Prudent Corporate Advisory Services Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Prudent Corporate Advisory Services Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Jun 13, 2024 03:14 PM the closing price of Prudent Corporate Advisory Services Ltd was Rs.1,837.00.

The latest PE ratio of Prudent Corporate Advisory Services Ltd as of Jun 13, 2024 03:14 PM is 54.55

The latest PB ratio of Prudent Corporate Advisory Services Ltd as of Jun 13, 2024 03:14 PM is 0.06

The 52-week high of Prudent Corporate Advisory Services Ltd share price is Rs. 1,853.95 while the 52-week low is Rs. 895.65

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 Jun 13, 2024 03:14 PM, the market cap of Prudent Corporate Advisory Services Ltd stood at Rs. 7,606.47.

Download App

Download Our App

Play Store App Store
market app