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Prime Securities Limited (PRIMESECU)

₹287.65 -2.95% last close, 16 Oct

📊 NSE: PRIMESECU 🏢 Finance & Investments 📢 Latest filing: 11 Sep 2026 📝 Analysis written: 14 Dec 2025

Latest quarterly results (Q1 FY27)

In its latest reported quarter, Q1 FY27, Prime Securities' revenue was ₹26.5 Cr (-43.6% year on year, -11.6% on the previous quarter), and net profit ₹2.4 Cr (-76.4% year on year); the operating margin was 2.2%.

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹26.5	-43.6%	-11.6%
Operating profit	₹0.6	-96.6%	from loss
Net profit	₹2.4	-76.4%	from loss
EPS (₹)	0.70	-77.6%	from loss
Operating margin	2.2%	—	—

Full quarterly financials → Results calendar →

PRIMESECU delivery percentage

NSE end-of-day data for Fri, 16 Oct 2026

On Fri, 16 Oct 2026, 61.74% of the PRIMESECU shares traded on NSE were taken to delivery, against the stock's own 20-session average of 60.57%. That is close to its usual level. Turnover was only ₹96 lakh, so a handful of trades can move this figure.

61.74%Delivery, 16 Oct

60.57%Own 20-session average

0.8×Volume vs its average

₹287.65NSE close · -2.95%

Delivery in the last 5 sessions: 46.1% · 36.5% · 63.5% · 68.5% · 61.7%

Delivery across the market →

A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed

📢 Recent Corporate Announcements

Prime Securities Allots 15,000 Equity Shares Under ESOP 2018

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 11 Sep 2026, 02:07 PM

Prime Securities Limited's Nomination & Remuneration Committee approved the allotment of 15,000 equity shares of face value Rs. 5 each under the Employee Stock Option Scheme 2018 on September 11, 2026. Following this allotment, the company's paid-up equity share capital increased to INR 16,98,76,625 comprising 3,39,75,325 equity shares. The allotment results in a negligible equity dilution of less than 0.05%.

Allotment of 15,000 equity shares of face value Rs. 5 each
Options exercised pursuant to Employee Stock Option Scheme 2018
Paid-up share capital increased to INR 16,98,76,625
Total outstanding equity shares reached 3,39,75,325 shares

💡 Track the listing and trading approval of these newly allotted shares. No specific operational action is required given the minimal dilution.

Prime Securities to Hold 43rd AGM on September 29, 2026 via Video Conferencing

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 07 Sep 2026, 05:41 PM

Prime Securities Limited has issued the notice for its 43rd Annual General Meeting (AGM) scheduled for Tuesday, September 29, 2026, at 3:30 p.m. IST via Video Conferencing. The agenda comprises standard ordinary business, including the adoption of standalone and consolidated financial statements for the financial year ended March 31, 2026. Additionally, shareholders will vote on the re-appointment of Mr. Sujit Kumar Varma as a Non-Executive and Non-Independent Director retiring by rotation.

43rd Annual General Meeting scheduled for September 29, 2026, at 3:30 p.m. IST via Video Conferencing
Agenda includes adoption of standalone and consolidated financial statements for FY ended March 31, 2026
Proposal for the re-appointment of retiring director Mr. Sujit Kumar Varma (attended 6 out of 6 board meetings in FY26)
Mr. Sujit Kumar Varma holds nil equity shares in the company

💡 Track the voting results post the AGM on September 29, 2026, and look out for the upcoming Q2 FY27 quarterly financial results.

Prime Securities Files Share Capital Reconciliation Report for Quarter Ended June 30, 2026

🟡 NEUTRAL ⭐ 2/10

REGULATORY 📅 24 Jul 2026, 08:05 PM

Prime Securities Limited has submitted its quarterly Reconciliation of Share Capital Report for the period ending June 30, 2026. This filing is a mandatory requirement under Regulation 76(1) of SEBI (Depositories and Participants) Regulations, 2018. The report was certified by M/s. Pramod Shah & Associates on July 21, 2026. Such filings are routine and confirm that the company's listed capital aligns with the records of the depositories and physical shareholdings. It serves as a verification of the company's equity base.

Reconciliation report covers the quarter ended June 30, 2026
Report issued by M/s. Pramod Shah & Associates on July 21, 2026
Compliance filing submitted to BSE and NSE on July 24, 2026

💡 This is a procedural filing; investors should monitor the company's upcoming Q1 FY27 financial results for operational performance updates.

20,000 Equity Shares Allotted under ESOP Scheme 2018

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 24 Jul 2026, 07:54 PM

Prime Securities Limited has allotted 20,000 equity shares of face value Rs. 5 each to eligible employees following the exercise of options under its 2018 ESOP scheme. This allotment increases the company's total paid-up share capital to Rs. 16.98 crore. The resulting equity dilution from this specific transaction is negligible, representing approximately 0.06% of the post-allotment share capital. This is a routine administrative update and does not signal a change in business fundamentals.

Allotment of 20,000 equity shares approved on July 24, 2026
Face value of shares is Rs. 5 per equity share
Total paid-up share capital increased to INR 16,98,01,625
Total number of equity shares outstanding is now 3,39,60,325

💡 No immediate action is required as this is a routine administrative filing. Investors should monitor the cumulative annual dilution from ESOPs in the annual report to assess the impact on Earnings Per Share (EPS).

INR 2.36 Cr PAT in Q1 FY27; Trigen Wealth AUM Crosses INR 5,000 Cr Milestone

🟡 NEUTRAL ⭐ 6/10

EARNINGS 📅 23 Jul 2026, 08:17 PM

Prime Securities reported a consolidated PAT of INR 2.36 Cr for Q1 FY27, a recovery from the INR 12.92 Cr loss in Q4 FY26, though significantly lower than the INR 10.88 Cr profit in Q1 FY26. The company is undergoing a major strategic pivot, investing heavily in its 'Prime Trigen Wealth' vertical, which reported a PBT loss of INR 10.82 Cr this quarter. Management has guided for ~INR 60 Cr in fixed expenses for this vertical in FY27, aiming for a break-even in 5-6 quarters. Despite the current drag on earnings, the wealth segment's AUM has crossed INR 5,000 Cr, with revenue generation expected to commence from Q2/Q3 FY27.

Consolidated Revenue stood at INR 33.68 Cr, up 9.4% sequentially but down 28% from INR 46.91 Cr in Q1 FY26.
Prime Trigen Wealth AUM/AUA crossed INR 5,000 Cr as of June 30, 2026, with 1,400+ clients onboarded.
Company expects to incur ~INR 60 Cr in fixed expenses for the wealth vertical during FY27 to build annuity income.
Cash and investments remain robust at approximately INR 270 Cr, representing nearly 29% of the current market capitalization.
Total group headcount increased to 147, with 105 employees dedicated to the expanding wealth management business.

💡 Watch for the commencement of trail income from the INR 5,000 Cr AUM in Q2/Q3 FY27 and monitor if the quarterly burn rate in the wealth segment begins to narrow toward the 5-6 quarter break-even target.

Rs 2.36 Cr PAT in Q1 FY27; Prime Securities Returns to Profit Amid Wealth Management Pivot

🟡 NEUTRAL ⭐ 6/10

EARNINGS 📅 23 Jul 2026, 08:04 PM

Prime Securities reported a consolidated PAT of Rs 2.36 Cr for Q1 FY27, a recovery from the Rs 12.92 Cr loss in Q4 FY26, though significantly lower than the Rs 10.88 Cr profit in Q1 FY26. The company is aggressively scaling its 'Trigen Wealth' vertical, which reached an AUM/AUA of over Rs 5,000 Cr but contributed a PBT loss of Rs 10.82 Cr due to front-loaded expansion costs. Management expects fixed expenses of approximately Rs 60 Cr for this vertical in FY27, with a break-even target in 5-6 quarters. Cash and investments remain robust at Rs 270 Cr, providing a strong liquidity buffer for ongoing expansion.

Consolidated PAT turned positive at Rs 2.36 Cr compared to a loss of Rs 12.92 Cr in the preceding quarter.
Wealth management AUM/AUA crossed the Rs 5,000 Cr milestone with 1,400+ clients onboarded.
Trigen Wealth vertical incurred a PBT loss of Rs 10.82 Cr as headcount reached 105 employees across 14 locations.
Cash and investments as of June 30, 2026, stood at Rs 270 Cr, representing ~29% of the current market cap.
Exceptional item recorded following a settlement on June 04, 2026, regarding a corporate advisory service claim.

💡 Watch for the commencement of revenue generation from the Rs 5,000 Cr AUM in Q2/Q3 FY27 and monitor if the company stays on track for the 5-6 quarter break-even timeline for the wealth business.

Prime Securities Submits Routine Q1 FY27 Dematerialization Compliance Certificate

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 15 Jul 2026, 04:24 PM

Prime Securities Limited has filed its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018, for the period ended June 30, 2026. The certificate, issued by MUFG Intime India Private Limited, confirms that share certificates received for dematerialization were processed and cancelled within prescribed timelines. This is a standard administrative filing required for all listed entities to ensure the integrity of the share register. It has no impact on the company's financial position or business operations.

Compliance certificate issued for the quarter ended June 30, 2026
Confirmation provided by Registrar and Share Transfer Agent, MUFG Intime India Private Limited
Verification that security certificates were mutilated and cancelled after dematerialization
Confirms the name of depositories substituted in the register of members within prescribed timelines

💡 This is a procedural filing. Investors should monitor the upcoming Q1 FY27 financial results to track the company's progress in diversifying into annuity-based wealth management income.

Trading Window Closure for Q1 FY2026-27 Results from July 1, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 27 Jun 2026, 04:02 PM

Prime Securities Limited has announced the closure of its trading window for all designated persons starting July 1, 2026. This action is a standard regulatory requirement under SEBI (Prohibition of Insider Trading) Regulations for the quarter ending June 30, 2026. The window will remain closed until 48 hours after the declaration of the unaudited financial results. Investors should note that the company recently reported a TTM revenue of Rs 138 Cr and a PAT of Rs 13 Cr.

Trading window closure effective from July 1, 2026
Pertains to the financial results for the quarter ended June 30, 2026
Window to reopen 48 hours after the results are officially declared
Company maintains a market capitalization of Rs 962 Cr with a TTM EPS of Rs 3.93

💡 Watch for the upcoming announcement of the Board Meeting date, which will determine when the Q1 FY2026-27 financial results will be released.

Prime Securities advises on ₹1,220 Cr M&A deal between LEWL and SISCOL

🟢 POSITIVE ⭐ 9/10

M&A 📅 18 Jun 2026, 04:46 PM

Prime Securities Limited acted as the sole investment banker for Lloyds Engineering Works Limited's (LEWL) acquisition of a controlling stake in Steel Infra Solutions Company Limited (SISCOL). The transaction values SISCOL at an equity valuation of approximately ₹1,220 Cr. Prime Securities has disclosed this event due to the expected material revenue impact on its own financials. This deal represents one of the largest transactions for the firm, signaling a strong pipeline in infrastructure sector consolidations.

Prime Securities served as the exclusive advisor for the ₹1,220 Cr acquisition of SISCOL by LEWL.
The transaction is expected to result in a material revenue impact for Prime Securities Limited.
SISCOL reported FY26 operating revenues of ₹817 Cr and an EBITDA of ₹92 Cr with an order book of ₹1,134 Cr.
Post-acquisition, LEWL plans to double SISCOL’s structural steel fabrication capacity to 200,000 MTPA.
LEWL itself has a market capitalization of ~₹12,800 Cr and an order book exceeding ₹8,000 Cr.

💡 Investors should monitor Prime Securities' upcoming quarterly earnings to quantify the fee income from this material transaction, which validates the firm's advisory capabilities in large-scale M&A.

Prime Securities Allots 40,000 Equity Shares Under ESOP 2018

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 12 Jun 2026, 03:14 PM

Prime Securities Limited has allotted 40,000 equity shares of face value Rs. 5 each to eligible employees following the exercise of options under the Employee Stock Option Scheme 2018. The allotment was approved by the Nomination & Remuneration Committee on June 11, 2026. Consequently, the company's paid-up share capital has increased from its previous level to INR 16,97,01,625. The total number of outstanding equity shares now stands at 3,39,40,325.

Allotment of 40,000 equity shares of face value Rs. 5 each to employees.
Exercise of options conducted under the Employee Stock Option Scheme 2018.
Total paid-up share capital increased to INR 16,97,01,625.
Total number of equity shares post-allotment stands at 3,39,40,325.

💡 No action is required as this is a routine administrative allotment with marginal equity dilution.

Prime Securities FY26 Results: Annual Profit Reported Despite Q4 Loss and ₹11.78 Cr ECL Provision

🔵 WATCH ⭐ 7/10

EARNINGS 📅 29 May 2026, 05:46 PM

Prime Securities Limited reported a consolidated net profit for the full year ended March 31, 2026, despite recording a net loss in the final quarter. The financial results were significantly impacted by an exceptional item of ₹1,178 lakhs (₹11.78 crore) as an Expected Credit Loss (ECL) allowance against a claim of ₹2,795 lakhs currently under NCLT adjudication. Additionally, the company recognized Minimum Alternate Tax (MAT) credits from previous years for the first time, reflecting management's expectation of future taxable profits. Auditors issued an unmodified opinion but highlighted the NCLT claim and MAT credit recognition as matters of emphasis.

Reported consolidated net profit for the full year FY26, though the fourth quarter resulted in a net loss.
Recognized an exceptional item of ₹1,178 lakhs as an ECL allowance against a claim of ₹2,795 lakhs.
The ₹2,795 lakh claim is currently subject to adjudication before the Hon'ble National Company Law Tribunal (NCLT).
First-time recognition of unutilized MAT credit from past years based on future profitability projections.
Auditors Sharp & Tannan Associates issued an unmodified opinion with specific emphasis on legal claims and tax assets.

💡 Investors should closely monitor the NCLT proceedings regarding the ₹27.95 crore claim, as any further provisions or successful recoveries will directly impact future earnings. The recognition of MAT credit suggests management confidence in future earnings, but the quarterly loss warrants a cautious review of operating consistency.

Prime Securities Shareholders Approve Re-appointment of N. Jayakumar as MD & CEO with 99.97% Votes

🟢 POSITIVE ⭐ 7/10

MANAGEMENT 📅 18 Apr 2026, 04:49 PM

Prime Securities Limited has announced the successful passage of a special resolution for the re-appointment of Mr. N. Jayakumar as Managing Director and Group CEO. The resolution received overwhelming support, with 99.97% of the total votes cast in favor, ensuring leadership continuity for the firm. A total of 1,94,64,534 votes were polled, reflecting a 57.42% participation rate from the total shareholding. This strong mandate from both institutional and non-institutional shareholders indicates high confidence in the current management's strategic direction.

Special resolution for re-appointment of Mr. N. Jayakumar as MD and Group CEO passed with 99.97% majority.
Total votes polled reached 1,94,64,534, representing approximately 57.42% of the total outstanding shares.
Public Institutional investors showed strong support with 99.86% of their 32,57,565 votes in favor.
Public Non-Institutional investors were nearly unanimous with 99.99% of their 1,62,06,969 votes in favor.
Only 4,884 votes (0.025%) were cast against the resolution across all categories.

💡 Investors should view this as a positive sign of management stability and strong shareholder trust. No immediate action is required as the company maintains its existing leadership and strategic path.

Prime Securities Submits Share Capital Reconciliation Report for Q4 FY2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 08 Apr 2026, 12:43 PM

Prime Securities Limited has filed its Reconciliation of Share Capital Report for the quarter ended March 31, 2026, as required by SEBI regulations. The report, certified by M/s. Pramod Shah & Associates, confirms the alignment of issued capital with shares held in demat and physical forms. This is a standard quarterly compliance procedure to ensure transparency in shareholding records. The filing does not reflect any change in the company's operational or financial status.

Compliance with Regulation 76(1) of SEBI (Depositories and Participants) Regulations, 2018
Submission of Reconciliation of Share Capital Report for the quarter ended March 31, 2026
Report certified by independent Practicing Company Secretaries, M/s. Pramod Shah & Associates
Standard regulatory filing confirming the integrity of the company's share capital structure

💡 No action is required as this is a routine regulatory filing. Investors should continue to monitor the company's upcoming financial performance and earnings reports.

Prime Securities Announces Trading Window Closure from April 1, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 28 Mar 2026, 02:02 PM

Prime Securities Limited has notified the exchanges regarding the closure of its trading window for designated persons starting April 1, 2026. This closure is a mandatory regulatory requirement under SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the release of the company's audited financial results for the fiscal year ending March 31, 2026. The window will remain closed until 48 hours after the financial results are made public. The specific date for the board meeting to approve these results has not yet been disclosed.

Trading window for designated persons to close effective Wednesday, April 1, 2026.
Closure is in anticipation of the Audited Financial Results for the year ending March 31, 2026.
The window will reopen 48 hours after the official declaration of the financial results.
Board meeting date for the results announcement will be intimated separately in due course.

💡 This is a routine regulatory announcement with no direct impact on the company's valuation; investors should monitor for the upcoming board meeting date to review the year-end financial performance.

Prime Securities Proposes Re-appointment of N. Jayakumar as MD & Group CEO for 5 Years

🟡 NEUTRAL ⭐ 6/10

MANAGEMENT 📅 16 Mar 2026, 10:34 PM

Prime Securities Limited has issued a postal ballot notice to seek shareholder approval for the re-appointment of Mr. N. Jayakumar as Managing Director and Group CEO. The proposed tenure is for a period of five years, starting from February 11, 2026, through February 10, 2031. Shareholders can cast their votes via remote e-voting between March 18, 2026, and April 16, 2026. This move is intended to ensure leadership continuity and stability for the company's strategic operations.

Proposed re-appointment of Mr. N. Jayakumar as MD and Group CEO for a 5-year term.
Tenure effective from February 11, 2026, to February 10, 2031.
Remote e-voting period scheduled from March 18, 2026, to April 16, 2026.
Cut-off date for shareholder voting eligibility set as March 13, 2026.
Final voting results to be declared on or before April 18, 2026.

💡 Investors should monitor the company's performance under the current leadership and review the specific remuneration terms mentioned in the explanatory statement. Leadership continuity is generally positive for long-term strategy execution.

View All PRIMESECU Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

Fees and Commission Income (Advisory/IB) grew 39.4% YoY to INR 6,896 lakhs in H1 FY26. Wealth Management (Prime Trigen) onboarded 400+ clients in its first 6 months, contributing to a 32.5% growth in Total Income to INR 7,814 lakhs.

Geographic Revenue Split

Operations are primarily in India (8 locations for Wealth Management), with international expansion through subsidiaries in the United Kingdom (Prime Advisory Partners), United Arab Emirates (PRAL Management Consultancies), and Singapore (Prime Global Asset Management).

Profitability Margins

Net Profit Margin for FY25 was 48.26%. In H1 FY26, the PAT margin declined to 31.0% (INR 2,425 lakhs PAT on INR 7,814 lakhs income) from 49.7% in H1 FY25, primarily due to a 96% surge in total expenses.

EBITDA Margin

Consolidated Profit Before Tax (PBT) for H1 FY26 was INR 2,177 lakhs, a 27.9% decrease from INR 3,021 lakhs in H1 FY25. Operating Profit Margin for FY25 was 48.64%.

Capital Expenditure

Not disclosed in absolute INR Cr, but the company expanded its physical footprint to 8 locations for the Wealth Management vertical and established new setups in the UK and UAE.

Credit Rating & Borrowing

The company maintains a Debt-Equity Ratio of 0.00 as of FY25. Standalone interest expenses were minimal at INR 7 lakhs for H1 FY26.

⚙️ Operational Drivers

Raw Materials

Personnel/Human Capital (47.5% of total expenses at INR 2,678 lakhs)

Import Sources

Not applicable for financial services; talent is sourced from India and international financial hubs (UK, UAE, Singapore).

Key Suppliers

Not applicable for financial services; primary 'suppliers' are the professional talent pool and technology infrastructure providers.

Capacity Expansion

Total headcount increased 243% YoY to 120 employees as of September 30, 2025, compared to 35 in the previous year. Wealth Management operates from 8 locations with 80+ employees.

Raw Material Costs

Employee expenses rose 60% YoY to INR 2,678 lakhs in H1 FY26, representing 34.3% of total income, driven by aggressive hiring in Investment Banking and Wealth Management.

Manufacturing Efficiency

Return on Net Worth (RoNW) improved from 13.05% to 21.18% in FY25, reflecting higher revenue generation per unit of equity.

Logistics & Distribution

Distribution is handled through 8 physical locations and digital platforms for the Wealth Management business.

📈 Strategic Growth

Growth Strategy

Achieving growth by diversifying from lumpy, episodic Investment Banking revenue into stable annuity income flows through Prime Trigen Wealth. Strategy includes international expansion in the UK, UAE, and Singapore, and foraying into asset management and fintech lender services.

Products & Services

Investment Banking advisory, Wealth Management, Asset Management, Corporate Insurance Brokerage, and Fintech lender service provision.

Brand Portfolio

Prime Securities, Prime Trigen Wealth, Prime Research and Advisory, Prime Litmus.

New Products/Services

New Wealth Management vertical (400+ clients) and fintech lender services are expected to provide a sustainable revenue buffer.

Market Expansion

Targeting international advisory markets via new setups in the UK and UAE and an asset management arm in Singapore.

Market Share & Ranking

Not disclosed; company operates as a Category-1 Merchant Banker.

Strategic Alliances

Maintains a 41.68% associate stake in Ark Neo Financial Services Private Limited.

🌍 External Factors

Industry Trends

The industry is evolving from purely transactional investment banking to integrated wealth and asset management; Prime is positioning itself to capture annuity flows to smoothen revenue lumpiness.

Competitive Landscape

Competes with other merchant banks and wealth management firms in India and international hubs.

Competitive Moat

Sustainable moat derived from specialized regulatory licenses (SEBI Category-1 Merchant Banker, IRDAI Corporate Insurance Agent) and a rapidly scaling wealth franchise that creates high switching costs for clients.

Macro Economic Sensitivity

Highly sensitive to capital market performance and global trade shifts; expert guidance is offered to clients navigating complex trade regulations.

Consumer Behavior

Increasing demand for professional wealth management among Indian families, evidenced by 300+ families onboarded in 6 months.

Geopolitical Risks

Global trade disruptions are viewed as both a risk and an opportunity for Prime to provide expert guidance on evolving trade policies.

⚖️ Regulatory & Governance

Industry Regulations

Operations are governed by SEBI (Merchant Banking), IRDAI (Insurance), and international regulators like the FCA (UK) and MAS (Singapore).

Taxation Policy Impact

Effective tax management includes the recognition of INR 206 lakhs in deferred tax assets by Prime Trigen Wealth Limited based on future profit projections.

Legal Contingencies

Subsidiary PRAL recognized INR 2,795 lakhs in revenue based on a non-circumvention clause in an advisory contract, which may involve contractual enforcement risks.

⚠️ Risk Analysis

Key Uncertainties

Realization of deferred tax assets (INR 206 lakhs) is dependent on achieving future profit projections; Investment Banking revenue remains 'episodic' and 'lumpy'.