NSE: PRUDENT · BSE: 543527
PRUDENT CORP ADV SER LTD
The company distributes mutual funds, insurance products, bonds, and stock broking services to retail investors across India, primarily through a network of mutual fund distributors (MFDs). It reports as a single segment and earns revenue largely as commissions and trail fees on assets under advice. Its distribution footprint spans 36,880 distributors and 143 offices, with the firm adding around 600 new MFDs per month in Q1 FY27 versus a 430/month run-rate in FY26. Insurance is a growing line — life fresh premium rose 73.4% year-on-year and health premium rose 36.8% year-on-year in Q1 FY27. Employee cost is the largest operating expense at 10.5% of FY26 revenue, with full-year FY27 growth guided at 22–24% to fund about 30 new branches and the annual wage revision. April 2026 regulatory changes trimmed gross yield on MF AUM by 2.8 bps to roughly 88 bps, but management says these changes are accelerating partner consolidation onto the platform. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Mutual fund distribution, Insurance distribution, Bonds and stock broking. Asset-light, commission-driven financial products distribution platform
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 451 | 611 | 805 | 1,104 | 1,317 |
| EBITDA (ex other income) | 115 | 175 | 193 | 262 | 310 |
| margin % | 25.6 | 28.7 | 24.0 | 23.8 | 23.6 |
| Owners' profit | 80 | 117 | 139 | 196 | 222 |
| EPS, as reported (₹) | 19.42 | 28.18 | 33.51 | 47.25 | 53.63 |
| ROE % · ROCE % | 33.8 · — | 33.3 · — | 28.8 · — | 29.3 · — | 25.2 · — |
| Debt / equity (x) | — | — | — | — | — |
| Cash from operations | 89 | 127 | 150 | 161 | 217 |
| Capex | (2) | (2) | (5) | (18) | (8) |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 286 | 285 | 283 | 294 | 320 | 343 | 361 | 348 |
| Profit before tax | 69 | 65 | 69 | 70 | 72 | 78 | 79 | 100 |
| Net profit | 52 | 48 | 52 | 52 | 54 | 58 | 59 | 75 |
| EPS (₹) | 12.44 | 11.64 | 12.49 | 12.50 | 12.93 | 13.92 | 14.28 | 18.05 |
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| ANAND RATHI WEALTH LTD | 37,509 | 48.7 | 37.07 | 63.6 | 39.3 | 48.6 | — | 68.0 |
| PRUDENT CORP ADV SER LTD ◆ | 11,914 | 48.6 | 13.50 | — | 25.2 | — | — | 31.6 |
| DHARNI CAPITAL SERVICES LIMITE | 113 | 16.9 | 4.36 | 18.8 | 18.1 | 22.6 | — | 63.0 |
| SODHANI CAPITAL LIMITED | 52 | 19.2 | — | — | — | 17.7 | — | — |
| VEDANT ASSET LIMITED | 16 | 21.4 | — | — | — | — | — | — |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 48.6 | 19.2 | 53 of 58 | 9% |
| P/B | 13.5 | 2.8 | 58 of 65 | 11% |
| ROE | 25.2 | 11.4 | 12 of 65 | 83% |
| EBITDA margin | 31.6 | 45.7 | 41 of 64 | 37% |
| Revenue growth | 18.3 | 23.1 | 34 of 58 | 42% |
| Profit growth | 44.4 | 17.6 | 21 of 61 | 67% |
| Market cap | 11914 | 946 | 17 of 69 | 77% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 24 Oct 2026 · Q2 FY27 results conference call scheduled for 29 October 2026 | board shareholder meetings | low | — | — |
| 23 Oct 2026 · Board meeting set for October 28, 2026 results | results | low | — | — |
| 9 Oct 2026 · Second grant of 1.30 lakh stock options under ESOP 2025 | corporate actions | medium | — | — |
| 7 Oct 2026 · RTA certifies processing of dematerialised securities for Q2 FY26 | compliance | minimal | — | — |
| 29 Sept 2026 · Trading Window Closed for Q2 FY27 Results | compliance | minimal | — | — |
| 1 Aug 2026 · 23rd AGM: All 5 resolutions passed, final dividend of Rs.3.50 declared | compliance | minimal | — | — |
| 31 Jul 2026 · Prudent Corp Q1 FY27 transcript: AUM at INR1.4L cr, PAT up 44% YoY | investor communications | medium | — | — |
| 31 Jul 2026 · Prudent Corp Advisory holds 23rd AGM on July 31, 2026 via video conferencing | board shareholder meetings | low | — | — |
| 27 Jul 2026 · Prudent Corp publishes Q1 FY27 results; PAT up 44% YoY | compliance | minimal | — | — |
| 27 Jul 2026 · Audio recording of Q1 FY27 earnings call now available on website | investor communications | low | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.