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Prudent Corporate Advisory Services Ltd share Price Today

Company details

1,241.50
1,277.95
703.30
1,378.15
6M Return 33.44%
1Y Return 35.78%
Mkt Cap.(Cr) 5,230.53
Volume 22,389
Div Yield 0.12%
OI
-
OI Chg %
-
Volume 22,389

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Financial Services company Prudent Corporate Advisory Services announced Q2FY24 & H1FY24 results:

  • Q2FY24:
    • Quarterly Average AUM increased by 29%, reaching Rs 66,584 crore compared to Rs 51,630 crore in Q2FY23.
    • Total Revenue rose by 29%, reaching Rs 190.0 crore in Q2FY24, up from Rs 147.6 crore in Q2FY23.
    • Profit Before Tax reached Rs 40.6 crore in Q2FY24, marking a 10% increase from the Rs 37.0 crore reported in Q2FY23.
    • Profit After Tax also exhibited a 10% increase, reaching Rs 30.4 crore in Q2FY24 compared to Rs 27.6 crore in Q2FY23.
    • Earnings Per Share stood at Rs 7.35 in Q2FY24, showing a 10% growth from Rs 6.67 in Q2FY23.
  • H1FY24:
    • Revenue from operations grew 29% YoY to Rs 355.5 crore led by 27% growth in quarterly average assets under management (AUM) in the mutual fund vertical.
    • Growth in AUM was led by marked to market (M2M) gains as markets witnessed a strong broad-based rally from April 2023 onwards. Our closing AUM as of 30 September stood at Rs 69,127 crore.
    • Profit after tax grew by 25% YoY to Rs 58.5 crore led by a strong operational growth & higher other income. There was an on-off income about the reversal of impairment of Rs 2 crore in H1FY23. If we exclude this one-off, profits in H1FY24 have grown by 30%.
    • We ended September 2023 with a monthly SIP flow of Rs 595 crore. Our market share of SIP flow in the industry stood at 3.7%.

Commenting on the results, Sanjay Shah, Managing Director of Prudent Group stated, “We are uniquely placed in the wealth management space as we focus on the retail segment of India which is largely underserved. There are just 4 crore unique mutual fund investors in the country & this number is set to grow by leaps & bounds in this phase of Amrit Kaal wherein per capita income is set to grow 10x in the next twenty-five years. Over the years, it is well established that mutual funds as an asset class have delivered inflation-beating returns & this product will eat into the share of bank deposits slowly but surely. By March 2026, as we aim to achieve an AUM of Rs 1 trillion, 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”

 

 

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FINANCIALS

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Prudent Corporate Advisory Services Ltd Stocks COMPARISION

INSIDER & INSTITUIONAL ACTIVITY

Equity Capital: 349.97 Cr FV: 5.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 16,520.16 27,959.84
LAST 3M 53,623.33 7,912.60
LAST 6M 94,188.00 82,000.34
LAST 12M 161,805.53 123,740.85

Prudent Corporate Advisory Services Ltd Information

Stock PE (TTM)
40.33
Promoter Holding
58.43%
Book Value
97.0699
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 Dec 04, 2023 03:48 PM the closing price of Prudent Corporate Advisory Services Ltd was ₹ 1,263.20.

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 Dec 04, 2023 03:48 PM, the market cap of Prudent Corporate Advisory Services Ltd stood at ₹ 5,230.53.

The latest PE ratio of Prudent Corporate Advisory Services Ltd as of Dec 04, 2023 03:48 PM is 40.33

The latest PB ratio of Prudent Corporate Advisory Services Ltd as of Dec 04, 2023 03:48 PM is 0.08

The 52-week high of Prudent Corporate Advisory Services Ltd is ₹ 1,378.15 while the 52-week low is ₹ 703.30

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