Prime Securities Limited (PRIMESECU.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+233.2%

₹941.08

vs ₹282.40 price

Levered DCF

₹207.19

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

—

Rating

C-

Overall 1 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	69.13×	20.91×	32.01×	31.48×	15.18×	13.47×	9.88×	8.62×
P/B	4.17×	3.98×	3.77×	2.77×	2.31×	1.94×	1.72×	3.24×
P/S	7.75×	10.28×	9.66×	8.69×	6.21×	2.72×	1.06×	2.37×
EV / EBITDA	121.02×	17.81×	23.96×	20.84×	11.24×	7.34×	5.89×	6.6×
Gross margin	82.9%	55.7%	46.6%	43.8%	57.0%	44.6%	57.5%	50.0%
Operating margin	15.1%	53.3%	31.0%	21.6%	36.1%	20.2%	42.5%	37.1%
Net margin	11.2%	48.0%	30.2%	27.6%	40.9%	20.2%	10.7%	27.5%
Current ratio	7.84×	6.25×	6.66×	9.29×	2.22×	1.91×	7.41×	3.21×
Debt / equity	0.03×	0.02×	0.01×	0.01×	0.07×	0.05×	0.05×	0.11×
Interest coverage	24.28×	354.42×	43.3×	15.35×	34.84×	21.66×	142.32×	100×
Dividend yield	0.5%	0.4%	0.3%	2.0%	4.6%	0.0%	0.0%	0.0%
Payout ratio	32.6%	8.7%	8.7%	64.1%	70.3%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	6.0%	18.6%	11.8%	8.8%	15.2%	14.4%	17.4%	37.6%
Return on invested capital	7.3%	16.8%	9.1%	4.8%	9.7%	10.5%	41.7%	34.8%
Return on assets	5.4%	16.6%	10.5%	7.9%	13.0%	10.1%	12.8%	26.0%
Free cash flow yield	-1.0%	2.8%	2.2%	-1.6%	-0.3%	22.6%	5.0%	-4.7%
Earnings yield	1.4%	4.7%	3.1%	3.2%	6.6%	7.4%	10.1%	11.6%
Enterprise value	₹10.8B	₹8.2B	₹5.9B	₹3.5B	₹2.6B	₹904M	₹703.8M	₹1.1B
Net debt / EBITDA	0.99×	0.04×	0×	-0.02×	-0.11×	-1.65×	-0.65×	0.17×
Cash conversion cycle (days)	26	80	95	123	62	-24	15	218