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PRUDENT CORPORATE ADVISORY LTD (PRUDENT)

Finance · Investment Managers · figures to Nov '26

Quality scoreHow the business itself ranks against its sector peers on profitability, 3-year growth and leverage. 50 is the middle of the sector.81 / 100
Profitability 71Growth 71Balance sheet 100
Momentum scoreHow strong the recent trend is: 3-month price change, 12-month improvement in earnings and the rise in FII + DII holding, among companies above ₹500 cr.44 / 100
Price 30Earnings 49FII/DII 54

Passes these screensQuality CompounderDebt-light & profitableConsistent compounders

Compare withHDFC ASSET MANAGEMENT CONIPPON LIFE IND ASSET MANAGEME360 ONE WAM

Share price

Closing priceAdjusted for splits and bonus issues.

₹2,937.6 latest close · −2.2% over the last 90 sessions

₹3,000₹3,500Jul 3Jul 29Aug 24Sep 17Oct 14Nov 9 ₹3,000₹3,500Jul 3Sep 4Nov 9

₹2,937.6 month-end · +18.8% over 12 months

₹2,500₹3,000₹3,500Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹2,500₹3,000₹3,500Nov '25May '26Nov '26

₹2,937.6 month-end · +131.8% over 3 years

₹1,000₹2,000₹3,000Nov '23Jun '24Jan '25Sep '25Apr '26Nov '26 ₹1,000₹2,000₹3,000Nov '23May '25Nov '26

₹2,937.6 month-end · +402.1% since May '22

₹1,000₹2,000₹3,000May '22Apr '23Mar '24Jan '25Dec '25Nov '26 ₹1,000₹2,000₹3,000May '22Aug '24Nov '26

52-week range ₹2121.00 to ₹4105.50 · 1-year volatility 37.3%

Was the rally earned?

+19%share price, 1 yearLower P/E held it back

Mostly yes, with a catch.

  • Per-share earnings added 20 points, but investors now pay less per rupee of profit (P/E 50.4x to 49.6x), which took 2 points back.
  • The share count barely moved.
Net profit growth: +20 pts. Points of the price return explained by net profit growing (or shrinking).+20 ptsNet profit growthP/E change: −2 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−2 ptsP/E changeShare count change: 0 pts. Points of the price return explained by the share count changing. More shares count against the price.0 ptsShare count changeShare price: +19%+19%Share priceNet profit growth: +20 pts. Points of the price return explained by net profit growing (or shrinking).+20ProfitP/E change: −2 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−2P/EShare count change: 0 pts. Points of the price return explained by the share count changing. More shares count against the price.0SharesShare price: +19%+19%Share price
Net profit growth+20 ptsNet profit rose about 20%, which lifts the price.
P/E change-2 ptsThe P/E fell from 50.4x to 49.6x, which lowers the price.
Share count change0 ptsShare count was little changed. More shares would count against the price.
+132%share price, 3 yearsEarnings-driven

Mostly yes.

  • Per-share earnings added 116 points to the rise, while the multiple moved less (P/E 45.0x to 49.6x).
  • The share count barely moved.
Net profit growth: +116 pts. Points of the price return explained by net profit growing (or shrinking).+116 ptsNet profit growthP/E change: +16 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+16 ptsP/E changeShare count change: 0 pts. Points of the price return explained by the share count changing. More shares count against the price.0 ptsShare count changeShare price: +132%+132%Share priceNet profit growth: +116 pts. Points of the price return explained by net profit growing (or shrinking).+116ProfitP/E change: +16 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+16P/EShare count change: 0 pts. Points of the price return explained by the share count changing. More shares count against the price.0SharesShare price: +132%+132%Share price
Net profit growth+116 ptsNet profit rose about 109%, which lifts the price.
P/E change+16 ptsThe P/E rose from 45.0x to 49.6x, which lifts the price.
Share count change0 ptsShare count was little changed. More shares would count against the price.
What do "pts" mean?

"pts" are percentage points of the share price return. The parts add up to the total shown for each period. Because price = P/E × net profit ÷ share count, higher profit pushes the price up, a higher P/E pushes it up, and more shares push it down.

Example: if the price rose 34% and profit growth accounts for +58 pts while a lower P/E accounts for -24 pts, then 58 - 24 = 34. The +58 is not the profit growth rate itself: it is the part of the price move that profit growth explains.

Not shown for 5 years: earnings were negative at one end, or there is not enough history.

Net profit is trailing twelve months as reported with a 60-day lag.

Compare this with HDFC ASSET MANAGEMENT CO

How rough has the ride been?

Maximum drawdown-54.0%recovered 2026-08
1-year volatility37.3%annualised
Beta vs sector index0.963-year daily, correlation 0.37
Volume spikes5last 90 sessions, 5x the 50-day median

Drawdown from peak

0%−20%−40%2023202420252026−53.0% 0%−20%−40%2023202420252026−53.0%
Largest drawdowns

-54.0% (2024-11 peak to 2025-03 low, recovered 2026-08)

-28.7% (2023-01 peak to 2023-03 low, recovered 2023-07)

-24.3% (2026-08 peak to 2026-10 low, not yet recovered)

Most recent volume spikes

2026-10-21: 6.3x the 50-day median, price -4.1% that day

2026-08-13: 17x the 50-day median, price -1.2% that day

2026-07-29: 5.2x the 50-day median, price +2.2% that day

Beta is the slope of daily returns against a market-cap-weighted index of the sector's other listed companies, built from today's constituents (so it excludes companies no longer listed).

Is it expensive against its own past and its peers?

49.6xP/E todayWithin its usual range
Against its own history49th percentile
CheapestMedian 50.4xDearest

Usual range 37.9x to 67.1x since 2022-05.

Against Finance49.6x vs 18.1x
This company
49.6x
Sector median
18.1x

174% above the Finance median.

14.7x37.6x60.4x83.2xMay '22Apr '23Mar '24Feb '25Jan '26Nov '2614.7x37.6x60.4x83.2xMay '22Nov '23May '25Nov '26
P/E (this company)10th to 90th percentile of its own historyIts medianFinance median

The chart loads when you open this tab.

P/B (this company)10th to 90th percentile of its own historyIts medianFinance median

The chart loads when you open this tab.

P/S (this company)10th to 90th percentile of its own historyIts medianFinance median
How to read this

Shaded band: 10th to 90th percentile of the company's own P/E history; dotted line: its median; orange line: sector median (companies with a positive multiple, at least 5 in the sector).

Sector figures are built from today's listed companies, so they exclude companies that are no longer listed.

All terms explained in the glossary →

How Finance is valued

Where does it rank among Finance peers?

Each cell is the company's percentile rank among its Finance peers (non-financial companies) that month.
Darker is better-ranked.
Rows marked ↓ are inverted (lower debt, shorter cash cycle and a lower P/E rank higher).

Where it ranks today

  • ROCE94thflat vs a year ago
  • Op. margin47th▲ 10 pts vs a year ago
  • Revenue growth59th▼ 19 pts vs a year ago
  • EPS growth65th▼ 14 pts vs a year ago
  • Debt/equity ↓63rdflat vs a year ago
  • Cash cycle ↓43rdflat vs a year ago
  • P/E ↓18th▼ 5 pts vs a year ago
  • 12M momentum84th▲ 40 pts vs a year ago

Rank history

ROCE
Op. margin
Revenue growth
EPS growth
Debt/equity ↓
Cash cycle ↓
P/E ↓
12M momentum
Dec '21Jul '22Jan '23Jul '23Jan '24Jul '24Jan '25Jul '25Jan '26Jul '26Nov '26
Lower rank Higher rank Not enough data

Percentiles use today's listed companies in the sector and need at least 5 peers with a value; grey cells have too few.
ROE is computed from net profit and book value where the source does not report it.

The Finance sector page Watch it move against Finance in the Observatory

What is the price implying?

~26%annual earnings growth implied by the price

At a P/E of 49.6x, the price would imply about 26.0%/yr earnings growth for 10 years under the same assumptions, but it is not ranked.

This model is not meaningful for insurers, asset managers and holding companies.

“Implied growth” is what the current price would require under our stated assumptions, not what we expect.

What prices imply across Finance The market-wide Expectations lists

Key figures

Share Priceclose 9 Nov
₹2937.60
P/E
49.6x
ROCE
37.0%
Market Cap
₹12163 cr
Revenue (TTM)
₹1372 cr
P/S
8.9x
P/B
13.8x
ROE
27.8%
Operating Margin
26.0%
Debt / Equity
0.0x
Promoter Holding
55.3%
12M Momentum
18.8%

52-week range

₹2121.00₹4105.50
41% of the way from its 52-week low to its high

Price risk

1Y volatility
37.3%
Beta vs sector
1-year daily
0.88

Balance sheet & cash

Interest cover
operating profit ÷ interest
47.7x
Cash from profit, 3Y
operating cash flow ÷ net profit
0.95x
Share count, 1Y
unchanged

Are profits backed by cash?

6 of 6checks within rangeAll clear
Other income reliance10%Within range

Other income as a share of pre-tax profit (trailing twelve months): 10.3%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate25%Within range

Median quarterly effective tax rate over about 2.5 years: 25.0%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Cash conversion0.95xWithin range

Operating cash flow divided by net profit over the last three fiscal years: 0.95x (cash from operations ₹528 cr, net profit ₹557 cr). Bands: 0.8x and above, 0.5x to 0.8x, below 0.5x.

Free cash flow5 of 5 yrsWithin range

Fiscal years with positive free cash flow in the last 5: 5. Bands: at least 80% of years, 40% to 80%, below 40%.

Receivable days vs history-12 daysWithin range

Debtor days are below the median of the previous three fiscal years by 12 days (49 vs 61). Bands: under 15 days, 15 to 45, over 45.

Capital work in progress0% of fixed assetsWithin range

Capital work-in-progress is 0% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.

Payable days—Not enough data

Not enough reported data to compute this.

Tap a check to see how it is measured

How to read this

Each check is a named rule with fixed thresholds, not a score. Annual statements are the latest restated figures, so a past year may differ from what was originally reported.

All terms explained in the glossary →

Who has been buying and selling?

  • Over 2 years, FIIs added 10.5 pts; DIIs added 8.2 pts; promoters trimmed 3.1 pts.
  • The number of shareholders rose from 22,659 to 30,808 (+36%) between Dec 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupDec '23Jun '26Change
Promoters58.4%55.3%-3.1 pts
FIIs3.8%14.3%+10.5 pts
DIIs15.8%23.9%+8.2 pts
Public and others22.1%6.5%-15.6 pts

Number of shareholders

30,808shareholders+36% since Dec '23
20k25k29k33k Dec '23Jun '24Dec '24Jun '25Dec '25Jun '26
Dec '23: 22,659
Mar '24: 21,846
Jun '24: 20,481
Sep '24: 23,470
Dec '24: 29,598
Mar '25: 31,754
Jun '25: 32,674
Sep '25: 32,002
Dec '25: 30,938
Mar '26: 32,373
Jun '26: 30,808
 20k25k29k33k Dec '23Dec '24Dec '25Jun '26
Dec '23: 22,659
Mar '24: 21,846
Jun '24: 20,481
Sep '24: 23,470
Dec '24: 29,598
Mar '25: 31,754
Jun '25: 32,674
Sep '25: 32,002
Dec '25: 30,938
Mar '26: 32,373
Jun '26: 30,808

Quarterly shareholding as reported, labelled by the quarter it covers (it becomes visible about two months later).
Shareholder counts are only available for recent quarters.

This quarter's smart-money board

What happened next to similar setups

This comparison is not meaningful for insurers, asset managers and holding companies.

Methodology

How historical analogs are built

Data as of 2026-11-09. Outcome pool: Jan 2020 to Oct 2025.

For every company we look at the situation it is in today (valuation, return on capital, margins, debt, growth, 12-month price momentum, drawdown, size and volatility) and find past company-months that looked most like it. We then show what happened to those past situations over the following 12 months, measured against the ApnaFunda All index and against the base rate. It describes history. It does not predict anything.

What is compared

FeatureWeightNon-financialFinancial
P/E1yesyes
P/S1yes—
P/B1—yes
ROCE1yes—
operating margin1yes—
ROE1—yes
debt/equity0.75yes—
interest cover0.5yes—
revenue growth0.75yesyes
12-month momentum1yesyes
drawdown from 12-month high0.75yesyes
size0.75yesyes
volatility0.5yesyes

Weights were set by judgement before any outcome was looked at and are never tuned on results. Loss-making companies (negative P/E or net profit) are only matched with other loss-making companies. Banks, NBFCs and insurers are compared only with each other and use a different feature set. Every feature is converted, month by month, to its rank among companies in the same pool in that month, so a P/E of 30 in a hot market and a P/E of 22 in a cold one can match if both were equally expensive for their time. Only that month's data is used.

How closeness and the sample are defined

Distance is the weighted root-mean-square gap between the standardised features both companies have. A match needs at least 70% of the query's feature weight, a distance of at most 0.9, and 30 matches at minimum to be shown. We keep up to 50 matches with these exclusions: never the company itself, one match per company (its closest month), and at most 7 from any one calendar month so a single market episode cannot dominate.

Base rate

The base rate is the distribution of 12-month returns, relative to the market, of every eligible company-month in the same pool, with each month weighted to match the months the analogs came from. It answers: how did a random company do in these same months? Because matches from nearby months share the same market conditions, we also report the number of distinct 12-month windows behind a result, and a bootstrap that resamples months decides whether the analog median differs from the base rate at all. "Not meaningfully different" is the usual outcome and the page copy is written for it.

Limits you should know

  • One market period. The outcome pool covers 2020–2025 only (70 months), including the 2020 crash and the 2020–21 rally.
  • Survivorship. Only companies listed today are included. Delisted and bankrupt companies are missing, which flatters past outcomes, particularly for distressed-looking setups.
  • Price return only. Dividends are excluded, and the benchmark is an ApnaFunda market-cap-weighted index of the same listed companies, not an official index.
  • Reporting lag. Fundamentals are matched on an assumed 60-day lag after the quarter end, not on real announcement dates.
  • Pools: non-financial: 98,395 company-months from 2019 companies; financial: 5,659 company-months from 108 companies. 2349 companies currently have a result; the rest are suppressed because too few comparable situations exist.

Does it work? A walk-forward check

The walk-forward check has not been run for this build, so skill is shown as not yet measured.

Disclaimer

This is history, not a forecast. These are past situations where other companies had broadly similar reported numbers and price trends. What happened to them does not tell you what will happen to any company shown. The comparison covers only 2020–2025, a single market period, and only companies still listed today. Companies that were delisted or went bankrupt are missing, which makes past outcomes look better than they were. Returns exclude dividends and are measured against an ApnaFunda-built index, not an official benchmark. Fundamentals are matched on a 60-day assumed reporting lag, not actual announcement dates. Its historical skill has not yet been measured. Past patterns may not repeat.

What else looks like this?

Companies with the most similar financial profile today, regardless of industry.

THYROCARE TECHNOLOGIESTHYROCARE
Health Services
74%similar
ROCEP/E
TIPS MUSICTIPSMUSIC
Consumer Services
68%similar
revenue growthP/E
KFIN TECHNOLOGIESKFINTECH
Technology Services
67%similar
revenuedebt/equity
AFFLE 3IAFFLE
Technology Services
66%similar
promoter holdingP/E
NEULAND LABORATORIESNEULANDLAB
Health Technology
64%similar
volatilityP/E
ANAND RATHI WEALTHANANDRATHI
Finance
61%similar
revenue growthrevenue
CENTRAL DEPOSITORY SER INDCDSL
Finance
61%similar
revenue growthROCE
HDFC ASSET MANAGEMENT COHDFCAMC
Finance
60%similar
EPS growthROCE

Similarity is statistical, based on reported metrics; it does not imply similar business quality or future returns.

What changed?

30 events since May '23

  1. OctPriceVolume reached 6.3x its 50-day median on 2026-10-21; price -4.1% that day.
  2. SepPeer rankSlipped to the 3rd quartile of Finance on operating margin (from the 2nd quartile).
  3. AugPriceRegained the 2024-11 peak, 17 months after the low.
  4. AugValuationP/E crossed above the 90th percentile of its own history to date (68.5x).
  5. AugPriceVolume reached 17.0x its 50-day median on 2026-08-13; price -1.2% that day.
  6. JunPeer rankMoved into the 2nd quartile of Finance on operating margin (from the 3rd quartile).
  7. DecPeer rankSlipped to the 2nd quartile of Finance on EPS growth (from the top quartile).
  8. DecPriceVolume reached 11.6x its 50-day median on 2025-12-09; price +3.5% that day.
Show 22 earlier events
  1. SepPriceVolume reached 11.8x its 50-day median on 2025-09-26; price -6.8% that day.
  2. JunPeer rankMoved into the top quartile of Finance on EPS growth (from the 2nd quartile).
  3. MarInstitutionsFII + DII holding rose 3.2 pts over 2 quarters to 38.4%.
  4. MarPriceFell 54% from the Nov 2024 peak to the Mar 2025 low.
  5. MarPriceVolume reached 12.6x its 50-day median on 2025-03-21; price +4.5% that day.
  6. DecPromoterPromoter holding fell 2.7 pts to 55.7%.
  7. NovPriceVolume reached 23.3x its 50-day median on 2024-11-04; price -16.0% that day.
  8. SepPeer rankMoved into the 2nd quartile of Finance on EPS growth (from the 3rd quartile).
  9. AugPriceVolume reached 55.8x its 50-day median on 2024-08-19; price -6.6% that day.
  10. JunResultsRevenue (TTM) reached a new high of ₹823 cr.
  11. JunInstitutionsFII + DII holding rose 8.3 pts over 1 quarter to 27.8%.
  12. JunPeer rankSlipped to the 3rd quartile of Finance on EPS growth (from the top quartile).
  13. MayValuationP/E crossed above the 90th percentile of its own history to date (58.6x).
  14. MayPriceVolume reached 146.7x its 50-day median on 2024-05-28; price -4.4% that day.
  15. FebPriceVolume reached 148.1x its 50-day median on 2024-02-13; price -3.3% that day.
  16. OctPriceVolume reached 6.2x its 50-day median on 2023-10-18; price +1.3% that day.
  17. AugPriceVolume reached 44.4x its 50-day median on 2023-08-31; price -10.0% that day.
  18. JulPriceRegained the 2023-01 peak, 4 months after the low.
  19. JunResultsRevenue (TTM) reached a new high of ₹617 cr.
  20. JunPeer rankMoved into the top quartile of Finance on EPS growth (from the 2nd quartile).
  21. MaySharesShare count is up 200.0% over 12 months.
  22. MayPriceVolume reached 19.9x its 50-day median on 2023-05-25; price +4.0% that day.

Events are generated from the data by fixed rules.
The month shown is when the change became visible in the reported figures, assuming a 60-day lag after each quarter end; it is not an announcement date.

Where price and fundamentals disagree, market-wide Rewind the whole market to any month

Monthly history55 months · 2022-05 to 2026-11
MonthP/ERevenue (TTM)ROEROCEDebt / Equity
2026-1149.6x₹1372 cr27.8%37.0%0.0x
2026-1047.5x₹1372 cr27.9%37.0%0.0x
2026-0952.9x₹1372 cr27.9%37.0%0.0x
2026-0868.5x₹1318 cr25.3%37.0%0.0x
2026-0761.4x₹1318 cr25.3%37.0%0.0x
2026-0655.8x₹1318 cr25.3%37.0%0.0x
2026-0552.5x₹1240 cr32.3%44.0%0.0x
2026-0454.5x₹1240 cr32.3%44.0%0.0x
2026-0341.9x₹1240 cr32.3%44.0%0.0x
2026-0247.4x₹1182 cr30.8%44.0%0.0x
2026-0148.3x₹1182 cr30.8%44.0%0.0x
2025-1251.4x₹1182 cr30.8%44.0%0.0x
2025-1150.4x₹1148 cr30.5%44.0%0.0x
2025-1052.1x₹1148 cr30.5%44.0%0.0x
2025-0952.5x₹1148 cr30.5%44.0%0.0x
2025-0859.3x₹1103 cr29.3%44.0%0.0x
2025-0761.8x₹1103 cr29.3%44.0%0.0x
2025-0657.3x₹1103 cr29.3%44.0%0.0x
2025-0564.9x₹1060 cr39.2%43.0%0.0x
2025-0448.7x₹1060 cr39.2%43.0%0.0x
2025-0351.3x₹1060 cr39.2%43.0%0.0x
2025-0238.9x₹985 cr36.7%43.0%0.0x
2025-0147.8x₹985 cr36.7%43.0%0.0x
2024-1264.3x₹985 cr36.7%43.0%0.0x
2024-1181.4x₹889 cr32.2%43.0%0.0x
2024-1083.2x₹889 cr32.2%43.0%0.0x
2024-0969.6x₹889 cr32.2%43.0%0.0x
2024-0872.7x₹823 cr28.8%43.0%0.0x
2024-0768.5x₹823 cr28.8%43.0%0.0x
2024-0656.7x₹823 cr28.8%43.0%0.0x
2024-0558.6x₹617 cr33.4%51.0%0.0x
2024-0454.8x₹617 cr33.4%51.0%0.0x
2024-0344.5x₹617 cr33.4%51.0%0.0x
2024-0248.4x₹617 cr33.4%51.0%0.0x
2024-0150.6x₹617 cr33.4%51.0%0.0x
2023-1242.7x₹617 cr33.4%51.0%0.0x
2023-1145.0x₹617 cr33.4%51.0%0.0x
2023-1042.6x₹617 cr33.4%51.0%0.0x
2023-0939.6x₹617 cr33.4%51.0%0.0x
2023-0838.2x₹617 cr33.4%51.0%0.0x
2023-0740.8x₹617 cr33.4%51.0%0.0x
2023-0634.9x₹617 cr33.4%51.0%0.0x
2023-0547.1x₹458 cr33.6%52.0%0.1x
2023-0444.7x₹458 cr33.6%52.0%0.1x
2023-0341.7x₹458 cr33.6%52.0%0.1x
2023-0243.4x₹458 cr33.6%52.0%0.1x
2023-0151.2x₹458 cr33.6%52.0%0.1x
2022-1251.1x₹458 cr33.6%52.0%0.1x
2022-1145.8x₹458 cr33.6%52.0%0.1x
2022-1035.6x₹458 cr33.6%52.0%0.1x
2022-0937.6x₹458 cr33.6%52.0%0.1x
2022-0831.6x₹458 cr33.6%52.0%0.1x
2022-0728.0x₹458 cr33.6%52.0%0.1x
2022-0625.7x₹458 cr33.6%52.0%0.1x
2022-0553.5x₹295 cr28.5%41.0%0.1x

Methodology and data notes

Methodology

Methodology and data notes

All figures come from public exchange prices and screener.in financial statements. Quarterly and annual results are shown from 60 days after the period end, so a month never uses a result before it would plausibly have been published. Statements are the latest versions, which may include later restatements.

Sector medians, percentiles and indices use today's listed companies in the sector (survivorship bias). Prices are adjusted for splits and bonus issues; around a corporate action the fundamentals may lag the price by up to a month, and affected sections are hidden.

The return decomposition uses price = P/E × net profit ÷ share count. The reverse DCF uses a fixed 12% cost of equity, a 10-year horizon and a 15x terminal P/E, and is an illustration only. Events, flags and twins follow fixed rules and thresholds described next to each section.

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