Prime Capital Market Ltd (535514)
🎯 Key Takeaways
- Prime Capital Market Ltd is in a structural decline phase, marked by persistent losses, negative ROE and ROCE, and minimal revenue generation. The company operates with negligible scale and profitability, with financial performance deteriorating over recent quarters despite sporadic positive results in prior periods.
- Revenue declined 95.2% QoQ to ₹1 in Q1FY27.
- ⚠️ Persistent operational losses and negative margins with no clear path to profitability.
📖 The Story
Prime Capital Market Ltd is in a structural decline phase, marked by persistent losses, negative ROE and ROCE, and minimal revenue generation. The company operates with negligible scale and profitability, with financial performance deteriorating over recent quarters despite sporadic positive results in prior periods.
📰 What's Happening
The most recent filing from August 27, 2026, confirms a board meeting scheduled for September 1, 2026, to approve the directors' report, reappoint Managing Director Adarsh Purohit, and increase authorized share capital. This capital alteration is likely intended to support future fundraising or strategic initiatives, though no specific use of proceeds was disclosed. The move may dilute existing shareholders and reflects limited organic growth prospects.
Source: Stock Announcements
📊 Quarterly Results (₹ Cr)
| Metric | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|
| Revenue | 1 | 1 | 1 | 31 | 1 |
| Operating Profit | 0 | 1 | 0 | -2 | -1 |
| OPM % | 2.5% | 79.0% | 6.9% | -6.4% | -94.6% |
| Net Profit | 0 | 1 | 0 | -2 | -1 |
| EPS | ₹0.01 | ₹0.56 | ₹0.05 | ₹-1.51 | ₹-1.40 |
Revenue has collapsed from ₹31 crore in March 2025 to just ₹1 crore by June 2026, with operating margins turning deeply negative (-94.6% in June 2026). Profitability peaked briefly in September 2025 (OPM 79%, NP ₹1 crore) but has since eroded into losses, indicating a sharp decline in operational viability. The company has not generated meaningful revenue or profits in recent quarters, signaling a deteriorating core business.
🔮 Management Outlook & What's Next
Management has not provided forward guidance or detailed commentary on future performance in the available filings. The only forward-looking action disclosed is the proposed capital increase and reappointment of the MD, with no stated strategy for revenue recovery or margin improvement. The absence of growth projections or operational targets suggests limited confidence in near-term turnaround.
Extracted from official company announcements. Not StockFin.ai's opinion.
🏦 Balance Sheet (₹ Cr)
| Item | Mar 2025 | Mar 2025 | Mar 2026 | Mar 2026 |
|---|---|---|---|---|
| Equity Capital | 10 | 10 | 10 | 10 |
| Reserves | -0 | 0 | 1 | -1 |
| Borrowings | 0 | 0 | 6 | 12 |
| Total Liabilities | 12 | 12 | 18 | 33 |
| Fixed Assets | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 3 | 1 |
| Total Assets | 12 | 12 | 18 | 33 |
The balance sheet shows a significant rise in borrowings from ₹0 to ₹12 crore between March 2025 and March 2026, while equity remains flat at ₹10 crore and reserves have turned negative. This indicates increasing reliance on debt to fund operations or working capital needs, raising solvency concerns given the company's persistent losses and shrinking asset base.
💰 Cash Flow Statement (₹ Cr)
| Item | Mar 2024 |
|---|---|
| Operating | -0 |
| Investing | -0 |
| Financing | 0 |
| Net Cash Flow | -0 |
👥 Shareholding Pattern
| Category | Q2FY26 | Q3FY26 | Q4FY26 | Q1FY27 |
|---|---|---|---|---|
| Promoters | 0.0% | 0.0% | 0.0% | 0.0% |
| FII | 0.0% | 0.0% | 0.0% | 0.0% |
| DII | 0.0% | 0.0% | 0.0% | 0.0% |
| Public | 50.1% | 50.1% | 50.1% | 50.0% |
| # Shareholders | 1,096 | 1,110 | 1,109 | 1,118 |
There is no institutional or promoter holding in the company, with public shareholders owning 50% of equity and a growing number of shareholders (1,118 as of Q1FY27). Shareholding patterns have remained stable with no signs of accumulation by FIIs or DIIs, suggesting lack of institutional confidence. The dispersed ownership may limit governance influence and liquidity.
⚖️ Peer Comparison — Finance
| Company | MCap (₹ Cr) | P/E | ROCE | ROE | D/E |
|---|---|---|---|---|---|
| BAJFINANCE | 6.56 L Cr | 32.2 | 10.4% | 18.1% | 3.82 |
| BAJAJFINSV | 3.15 L Cr | 31.0 | 11.4% | 26.5% | 5.50 |
| SHRIRAMFIN | 2.49 L Cr | 18.7 | 11.5% | 17.1% | 3.80 |
| TATACAP | 1.56 L Cr | 28.6 | 8.4% | 12.3% | 5.28 |
| JIOFIN | 1.56 L Cr | 73.3 | 2.3% | 1.6% | 0.17 |
| CHOLAFIN | 1.55 L Cr | 26.7 | 9.3% | 18.9% | 6.93 |
| ICICIAMC | 1.50 L Cr | 30.0 | 111.5% | 83.6% | 0.00 |
| BAJAJHLDNG | 1.26 L Cr | 14.3 | 12.4% | 12.3% | 0.00 |
| MUTHOOTFIN | 1.17 L Cr | 10.3 | 14.4% | 29.3% | 3.88 |
| SBIFUNDS | 1.16 L Cr | — | — | — | 0.00 |
🔗 Peer Stock Analyses
⚠️ Risk Factors
1. Persistent operational losses and negative margins with no clear path to profitability. 2. Heavy reliance on debt financing amid shrinking asset base and negative equity reserves. 3. Lack of institutional interest or promoter stake, indicating weak investor confidence. 4. Share dilution risk from proposed capital increase without disclosed growth rationale.
📋 Recent Filings
-
🟡 Board Meeting 1 September 2026Prime Capital Market approved its 2025-26 Director's Report, recommended reappointing Managing Director Adarsh Purohit, increased authorized share cap...
-
🔴 annual report 1 September 2026Prime Capital Market Limited (BSE: 535514) filed its FY 2025-26 Annual Report on September 1, 2026, detailing AGM procedures, e-voting access, and sha...
-
🟡 Board Meeting 1 September 2026Prime Capital Market Ltd announced a book closure from September 22 to 28, 2026 to facilitate its Annual General Meeting, complying with SEBI LODR Reg...
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🟡 Board Meeting 27 August 2026Prime Capital Market announced a board meeting on September 1, 2026, to approve the 2025-26 directors report, reappoint Managing Director Adarsh Puroh...
🧠 Analyst's Read
Prime Capital Market exhibits characteristics of a distressed entity with no visible recovery trajectory. The company's financials and governance actions reflect stagnation rather than transformation. Investors should monitor for further capital actions, changes in management strategy, or signs of operational revival, but current indicators suggest limited upside potential.
Based on filing content and financial data. Not a recommendation.
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Data sourced from stock announcements. Analysis generated by StockFin.ai.
For informational purposes only — not investment advice. Updated 2026-09-02.
Editorial & Data Transparency Notice
This analysis was programmatically compiled using StockFin AI utilizing official regulatory disclosures from the BSE and NSE. Content is automatically synthesized and audited against public financial filings. StockFin.ai is an educational research platform and is NOT a SEBI-registered investment advisor or research analyst.
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