PRUDENT CORPORATE ADVISORY SERVICES LIMITED

Income Statement Prudent Corporate Advisory Services Limited

Equities

PRUDENT

INE00F201020

Investment Management & Fund Operators

Market Closed - NSE India S.E. Other stock markets 04:35:09 05/06/2026 pm IST			5-day change	1st Jan Change
2,696.90 ^INR	+2.94%		-0.86%	+5.83%

11/05	Avendus Spark Downgrades Prudent Corporate Advisory Services to Add from Buy; Price Target is INR3,050	MT
08/05	Prudent Corporate Advisory Services Limited, Q4 2026 Earnings Call, May 08, 2026

42ae7fedb75a303b3b322.VH5_wC8jc2iicV9i3hC4Y6o9Edf7C8Xifs3pkbdPW04.PklPqndBFATOEyUAh0DpLcNPYrCDfq-UBp2dqYB-diYuFwumTHEcPs4WPA

Published financial data: PRUDENT CORPORATE ADVISORY SERVICES LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2021	2022	2023	2024	2025
Interest and Dividend Income, Total	3.3Cr	4.04Cr	4.75Cr	4.9Cr	6.24Cr
Interest Expense, Total	1.54Cr	2.34Cr	1.7Cr	1.87Cr	2.37Cr
Net Interest Income	1.76Cr	1.7Cr	3.05Cr	3.03Cr	3.87Cr
Brokerage Commission	277.56Cr	442.78Cr	604.84Cr	799.07Cr	1.1TCr
Trading and Principal Transactions	-	-	-	-	-
Underwriting & Investment Banking Fee	-	-	-	-	-
Gain (Loss) on Sale of Investments, Total (Rev)	5.65Cr	3.93Cr	1.74Cr	1.12Cr	1.37Cr
Other Revenues, Total	8.34Cr	7.48Cr	7.35Cr	19Cr	29Cr
Revenues Before Provison For Loan Losses	293.3Cr	455.89Cr	616.97Cr	822.56Cr	1.13TCr
Provision For Loan Losses	2.14Cr	-	-2.04Cr	-	-
Total Revenues	291.16Cr	455.89Cr	619.01Cr	822.56Cr	1.13TCr
Salaries And Other Employee Benefits	56Cr	69Cr	83Cr	93Cr	110.93Cr
Cost of Services Provided, Total	157.83Cr	253.28Cr	335.6Cr	449.33Cr	652.18Cr
Depreciation & Amortization - (IS) - (Collected)	8.12Cr	13Cr	24Cr	25Cr	28Cr
Provision for Bad Debts	-10L	-11.76L	-91T	-11T	-9T
Other Operating Expenses	9.68Cr	13Cr	19Cr	70Cr	78Cr
Total Operating Expenses	231.03Cr	349.12Cr	461.97Cr	636.68Cr	869.03Cr
Operating Income	60Cr	106.78Cr	157.04Cr	185.89Cr	261.55Cr
Other Non Operating Income (Expenses)	-	-	-37.15L	-21.98L	-19T
EBT, Excl. Unusual Items	60Cr	106.78Cr	156.66Cr	185.67Cr	261.55Cr
Gain (Loss) on Sale of Investments	-	-	-	-	-
Gain (Loss) on Sale of Assets	5L	2L	-4L	-9L	-
Legal Settlements	34.2L	-	-	-	-
Other Unusual Items	-	31.72L	19.92L	26.19L	53.53L
EBT, Incl. Unusual Items	61Cr	107.11Cr	156.82Cr	185.84Cr	262.09Cr
Income Tax Expense	15Cr	27Cr	40Cr	47Cr	66Cr
Earnings From Continuing Operations	45Cr	80Cr	116.69Cr	138.75Cr	195.65Cr
Net Income to Company	45Cr	80Cr	116.69Cr	138.75Cr	195.65Cr
Minority Interest	-	-	-	-	-
Net Income - (IS)	45Cr	80Cr	116.69Cr	138.75Cr	195.65Cr
Net Income to Common Incl Extra Items	45Cr	80Cr	116.69Cr	138.75Cr	195.65Cr
Net Income to Common Excl. Extra Items	45Cr	80Cr	116.69Cr	138.75Cr	195.65Cr
Per Share Items
Net EPS - Basic	10.96	19.42	28.18	33.51	47.25
Basic EPS - Continuing Operations	10.96	19.42	28.18	33.51	47.25
Basic Weighted Average Shares Outstanding	4.13Cr	4.14Cr	4.14Cr	4.14Cr	4.14Cr
Net EPS - Diluted	10.94	19.42	28.18	33.51	47.25
Diluted EPS - Continuing Operations	10.94	19.42	28.18	33.51	47.25
Diluted Weighted Average Shares Outstanding	4.14Cr	4.14Cr	4.14Cr	4.14Cr	4.14Cr
Normalized Basic EPS	9.09	16.13	23.65	28.02	39.48
Normalized Diluted EPS	9.08	16.13	23.65	28.02	39.48
Dividend Per Share	0.08	1	1.5	2	2.5
Payout Ratio	0.57	0.39	3.55	4.48	4.23
Supplemental Items
Total Revenues (As Reported)	294.9Cr	458.56Cr	618.87Cr	824.7Cr	1.13TCr
Effective Tax Rate - (Ratio)	25.16	24.99	25.59	25.34	25.35
Total Current Taxes	16Cr	23Cr	35Cr	44Cr	65Cr
Total Deferred Taxes	-46.2L	4Cr	5.43Cr	2.85Cr	1.68Cr
Normalized Net Income	38Cr	67Cr	98Cr	116.04Cr	163.47Cr
Non-Cash Pension Expense	25.2L	29.11L	21.51L	24.43L	30.89L

Fiscal Period: March	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	99Cr	29Cr	22Cr	18Cr	19Cr
Accounts Receivable, Total	68Cr	94Cr	103.26Cr	141.61Cr	144.4Cr
Other Receivables	44Cr	34Cr	3.03Cr	12Cr	14Cr
Gross Property Plant And Equipment	32Cr	37Cr	41Cr	48Cr	75Cr
Accumulated Depreciation	-6.1Cr	-8.72Cr	-10Cr	-13Cr	-15Cr
Net Property Plant And Equipment	26Cr	28Cr	31Cr	36Cr	60Cr
Other Intangibles, Total	43.1L	146.13Cr	133.08Cr	117.64Cr	102.38Cr
Investment In Debt and Equity Securities	75.3L	83.19L	17Cr	57Cr	56Cr
Trading Asset Securities, Total	33Cr	49Cr	133.32Cr	202.4Cr	326.59Cr
Other Current Assets, Total	8.87Cr	16Cr	76Cr	171.22Cr	221.48Cr
Deferred Tax Assets Long-Term (Collected)	3.57Cr	1.39Cr	86.98L	97.73L	-
Other Long-Term Assets, Total	91.5L	2.27Cr	59.75L	52.57L	77.23L
Total Assets	284.93Cr	399.98Cr	519.9Cr	757.56Cr	943.65Cr
Liabilities
Accounts Payable, Total	94Cr	120.56Cr	116.52Cr	204.81Cr	169Cr
Accrued Expenses, Total	10Cr	17Cr	20Cr	33Cr	59Cr
Short-Term Borrowings	-	-	-	-	-
Current Portion of Long-Term Debt	2.61Cr	72T	25T	-	-
Current Portion of Leases	4.9Cr	4.67Cr	5.28Cr	5.71Cr	8.21Cr
Long-Term Debt	-	-	-	-	-
Long-Term Leases	5.09Cr	8.51Cr	12Cr	15Cr	22Cr
Current Income Taxes Payable	1.24Cr	11.08L	3.75Cr	1.48Cr	1L
Unearned Revenue, Current	1.12Cr	20.29L	18T	3L	5L
Other Current Liabilities - (Brok / FS / Ins. / REIT Template)	2.52Cr	4.82Cr	61.24L	95.75L	74.08L
Pension & Other Post Retirement Benefits	4.24Cr	3.15Cr	3.26Cr	4.28Cr	3.34Cr
Deferred Tax Liability Non-Current	10T	1.8Cr	6.65Cr	9.22Cr	9.57Cr
Other Non Current Liabilities	1.49Cr	1.88Cr	2.15Cr	2.5Cr	3.43Cr
Total Liabilities	127.28Cr	162.37Cr	169.92Cr	276.2Cr	275.97Cr
Preferred Stock Convertible	20T	-	-	-	-
Total Preferred Equity	20T	-	-	-	-
Common Stock, Total	1.03Cr	21Cr	21Cr	21Cr	21Cr
Additional Paid In Capital	95.4L	95.35L	95.35L	95.35L	95.35L
Retained Earnings	153.51Cr	213.81Cr	326.17Cr	457.6Cr	643.93Cr
Comprehensive Income and Other	2.14Cr	2.15Cr	2.15Cr	2.1Cr	2.1Cr
Total Common Equity	157.64Cr	237.61Cr	349.98Cr	481.35Cr	667.69Cr
Minority Interest	-	-	-	-	-
Total Equity	157.64Cr	237.61Cr	349.98Cr	481.35Cr	667.69Cr
Total Liabilities And Equity	284.93Cr	399.98Cr	519.9Cr	757.56Cr	943.65Cr
Supplemental Items
ECS Total Shares Outstanding on Filing Date	4.13Cr	4.14Cr	4.14Cr	4.14Cr	4.14Cr
ECS Total Common Shares Outstanding	4.13Cr	4.14Cr	4.14Cr	4.14Cr	4.14Cr
Book Value / Share	38.13	57.39	84.52	116.25	161.25
Tangible Book Value	157.21Cr	91Cr	216.9Cr	363.72Cr	565.31Cr
Tangible Book Value Per Share	38.03	22.09	52.38	87.84	136.53
Total Debt	13Cr	13Cr	17Cr	20Cr	31Cr
Debt Equivalent of Unfunded Proj. Benefit Obligation	4.24Cr	3.15Cr	3.26Cr	4.28Cr	3.34Cr
Net Debt	-119.68Cr	-64Cr	-138Cr	-200.28Cr	-314.62Cr
Full Time Employees	973	822	836	1.03T	1.17T

Fiscal Period: March	2021	2022	2023	2024	2025
Net Income	45Cr	80Cr	116.69Cr	138.75Cr	195.65Cr
Depreciation, Depletion & Amortization	7.88Cr	8.06Cr	8.67Cr	9.37Cr	12Cr
Amortization of Goodwill and Intangible Assets - (CF)	-	5.17Cr	15Cr	15Cr	15Cr
Total Depreciation, Depletion & Amortization	7.88Cr	13Cr	24Cr	25Cr	28Cr
Amortization of Deferred Charges, Total	24L	15.37L	14.97L	9L	5L
(Gain) Loss On Sale of Asset - (CF)	-5L	-2L	4L	9L	-10.47L
(Gain) Loss on Sale of Investments - (CF)	-7.73Cr	-6.2Cr	-3.96Cr	-13Cr	-18Cr
Provision and Write-off of Bad Debts	74.1L	-6L	-91T	-11T	-9T
Change in Trading Asset Securities	-9.04Cr	2.4Cr	2.63Cr	-5.76Cr	-3.7Cr
Change in Accounts Receivable	-30Cr	-25Cr	-9.52Cr	-38Cr	-2.91Cr
Change In Inventories	-	-	-	-	-
Change in Accounts Payable	42Cr	27Cr	-4.02Cr	88Cr	-18Cr
Change in Other Net Operating Assets (Collected)	8.08Cr	-1.26Cr	-6.91Cr	-39Cr	-14Cr
Other Operating Activities	-2L	-86.23L	7.74Cr	-6.82Cr	-6.08Cr
Cash from Operations	58Cr	89Cr	126.72Cr	149.6Cr	160.61Cr
Capital Expenditure	-1.71Cr	-1.79Cr	-1.82Cr	-4.82Cr	-18Cr
Sale of Property, Plant, and Equipment	-	4L	4L	3L	23.08L
Cash Acquisitions	-	-	-	-	-
Divestitures	-	-	-	-	-
Purchase / Sale of Intangible Assets	-	-151Cr	-2.26Cr	-	-
Investment in Marketable and Equity Securities, Total	-30Cr	-91.44L	-108.98Cr	-137.19Cr	-134.65Cr
Other Investing Activities, Total	3.99Cr	4.59Cr	87.56L	2.88Cr	9.95Cr
Cash from Investing	-28Cr	-149.08Cr	-112.15Cr	-139.1Cr	-142.38Cr
Short Term Debt Issued, Total	-	-	-	-	86Cr
Long-Term Debt Issued, Total	11Cr	76Cr	88Cr	26Cr	-
Total Debt Issued	11Cr	76Cr	88Cr	26Cr	86Cr
Short Term Debt Repaid, Total	-	-	-	-	-86Cr
Long-Term Debt Repaid, Total	-20Cr	-83Cr	-95Cr	-32Cr	-7.22Cr
Total Debt Repaid	-20Cr	-83Cr	-95Cr	-32Cr	-93Cr
Issuance of Preferred Stock	-	-	-	-	-
Common Dividends Paid	-25.8L	-31.01L	-4.14Cr	-6.21Cr	-8.28Cr
Common & Preferred Stock Dividends Paid	-25.8L	-31.01L	-4.14Cr	-6.21Cr	-8.28Cr
Other Financing Activities, Total	-1.72Cr	-2.57Cr	-63.85L	-2.09Cr	-2.37Cr
Cash from Financing	-11Cr	-10Cr	-12Cr	-14Cr	-18Cr
Miscellaneous Cash Flow Adjustments	-	-	-	-	-
Net Change in Cash	19Cr	-70Cr	2.98Cr	-3.5Cr	36.28L
Supplemental Items
Cash Interest Paid	1.72Cr	2.57Cr	63.85L	2.09Cr	2.37Cr
Cash Income Tax Paid (Refund)	15Cr	25Cr	31Cr	50Cr	63Cr
Net Debt Issued / Repaid	-9.38Cr	-7.49Cr	-6.81Cr	-5.7Cr	-7.22Cr

Fiscal Period: March	2021	2022	2023	2024	2025
Profitability
Return on Assets	18.83	23.46	25.37	21.72	23
Return On Equity %	33.53	40.65	39.72	33.38	34.05
Return on Common Equity	33.53	40.65	39.72	33.38	34.05
Margin Analysis
Gross Profit Margin %	47	45.52	47.07	47.07	43.57
SG&A Margin	20.27	16.27	14.74	12.98	11.06
Income From Continuing Operations Margin %	15.56	17.62	18.85	16.87	17.3
Net Income Margin %	15.56	17.62	18.85	16.87	17.3
Net Avail. For Common Margin %	15.56	17.62	18.85	16.87	17.3
Normalized Net Income Margin	12.91	14.64	15.82	14.11	14.46
Asset Turnover
Asset Turnover	1.21	1.33	1.35	1.29	1.33
Short Term Liquidity
Current Ratio	2.17	1.5	2.31	2.22	3.06
Quick Ratio	2.1	1.39	1.79	1.53	2.12
Operating Cash Flow to Current Liabilities	0.5	0.61	0.87	0.61	0.68
Long Term Solvency
Total Debt/Equity	7.99	5.55	4.86	4.22	4.57
Total Debt / Total Capital	7.4	5.26	4.64	4.05	4.37
LT Debt/Equity	3.23	3.58	3.35	3.03	3.34
Long-Term Debt / Total Capital	2.99	3.39	3.2	2.91	3.2
Total Liabilities / Total Assets	44.67	40.59	32.68	36.46	29.24
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	24.59	56.58	35.78	32.88	37.45
Gross Profit, 1 Yr. Growth %	22.08	51.63	40.4	32.87	27.22
Earnings From Cont. Operations, 1 Yr. Growth %	62.63	77.36	45.25	18.91	41
Net Income, 1 Yr. Growth %	62.63	77.36	45.25	18.91	41
Normalized Net Income, 1 Yr. Growth %	59.06	76.57	46.72	18.51	40.87
Diluted EPS Before Extra, 1 Yr. Growth %	62.56	77.51	45.11	18.91	41
Common Equity, 1 Yr. Growth %	40.11	50.73	47.29	37.54	38.71
Total Assets, 1 Yr. Growth %	45.32	40.38	29.98	45.71	24.57
Tangible Book Value, 1 Yr. Growth %	40.22	-41.81	137.1	67.69	55.43
Cash From Operations, 1 Yr. Growth %	14.81	54.13	36.25	24.38	7.36
Capital Expenditures, 1 Yr. Growth %	-50.68	-6.09	1.61	164.24	271.62
Dividend Per Share, 1 Yr. Growth %	20	1.23T	50	33.33	25
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	14.43	39.67	45.81	34.32	35.15
Gross Profit, 2 Yr. CAGR %	19.19	36.05	45.91	36.59	30.01
Earnings From Cont. Operations, 2 Yr. CAGR %	46.8	69.83	60.5	31.42	29.49
Net Income, 2 Yr. CAGR %	46.79	69.83	60.5	31.42	29.49
Normalized Net Income, 2 Yr. CAGR %	40.11	68.06	60.96	31.86	29.21
Diluted EPS Before Extra, 2 Yr. CAGR %	46.75	69.87	60.5	31.36	29.49
Common Equity, 2 Yr. CAGR %	37.74	45.32	49	42.33	38.12
Total Assets, 2 Yr. CAGR %	21.44	42.83	35.08	37.62	34.72
Tangible Book Value, 2 Yr. CAGR %	37.97	-9.67	17.46	99.4	61.44
Cash From Operations, 2 Yr. CAGR %	113.87	33.02	48.17	26.82	15.56
Capital Expenditures, 2 Yr. CAGR %	-38.04	-28	-2.31	63.86	213.37
Dividend Per Share, 2 Yr. CAGR %	-73.86	300	347.21	41.42	29.1
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	8.15	27.04	38.36	41.37	35.36
Gross Profit, 3 Yr. CAGR %	13	29.15	37.49	41.43	33.39
Earnings From Cont. Operations, 3 Yr. CAGR %	21.21	56.35	61.21	45.23	34.54
Net Income, 3 Yr. CAGR %	21.17	56.34	61.21	45.23	34.54
Normalized Net Income, 3 Yr. CAGR %	16.62	51.63	60.63	45.34	34.8
Diluted EPS Before Extra, 3 Yr. CAGR %	21.11	56.36	61.18	45.23	34.5
Common Equity, 3 Yr. CAGR %	33.8	41.94	45.97	45.08	41.11
Total Assets, 3 Yr. CAGR %	15.46	27.45	38.41	38.53	33.12
Tangible Book Value, 3 Yr. CAGR %	33.9	3.47	24.6	32.26	83.51
Cash From Operations, 3 Yr. CAGR %	11.86	91.75	36.09	37.36	19.97
Capital Expenditures, 3 Yr. CAGR %	-33.18	-26.11	-19.24	36.11	115.29
Dividend Per Share, 3 Yr. CAGR %	6.27	-3.05	188.45	198.76	35.72
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	-	21.88	29.9	37.07
Gross Profit, 5 Yr. CAGR %	-	-	25.16	32.07	34.45
Earnings From Cont. Operations, 5 Yr. CAGR %	-	-	35.62	45.86	47.68
Net Income, 5 Yr. CAGR %	-	-	35.59	45.85	47.68
Normalized Net Income, 5 Yr. CAGR %	-	-	32.81	43.39	47.23
Diluted EPS Before Extra, 5 Yr. CAGR %	-	-	35.55	45.83	47.66
Common Equity, 5 Yr. CAGR %	-	-	39.69	42.09	42.78
Total Assets, 5 Yr. CAGR %	-	-	22.94	31.42	36.92
Tangible Book Value, 5 Yr. CAGR %	-	-	27.06	34.52	38.2
Cash From Operations, 5 Yr. CAGR %	-	-	25.17	63.97	26.15
Capital Expenditures, 5 Yr. CAGR %	-	-	-20.45	1.61	38.91
Dividend Per Share, 5 Yr. CAGR %	-	-	88.82	12.75	109.13