|
|
|
Home | Media
Release
|
|
|
|
Media Release
|
|
|
|
|
|
|
|
PCS Securities Ltd. – Winner of India’s Fastest Growing Equity Broking House (Mid-size
Firms) Award
|
|
Dun & Bradstreet, the global experts on financial information, awarded PCS Securities
Ltd the coveted trophy for India’s Fastest Growing Equity Broking House (Mid-size
Firms) at the industry awards ceremony held at the ITC Grand Maratha, Mumbai on
the 26th of May, 2009. Shri P C Shrimal, Chairman- PCS Secutities Ltd was among
a host of distinguished panelists from the industry. Having received this prestigious
award on behalf of his company, the Chairman invited his team of Directors Mr. Paresh
Shah and Mr. Jagdish Ahuja to share the moment of glory. He rendered a vote of thanks
and deeply appreciated the significant contribution made by investors and members
of the PCS family resulting in the phenomenol growth the company has achieved over
the years. Later, Shri P C Shrimal had the audience mesmerized with his experienced
insights into the market scenario and adeptly answered several queries raised by
members of the audience. On the other hand, the well-designated PCS stall was abuzz
with activity, what with the new line of products and SMS services added to our
portfolio to facilitate swifter communication using technology to its best advantage.
The PCS team interacted with invitees and gave presentations and demos to industry
insiders. All in all, everyone enjoyed the evening and PCS Securities shone as the
rising sun on the horizon of the Indian Stock Broking industry
|
|
|
|
|
|
Mumbai, May 26, 2009: Dun & Bradstreet, the world’s leading provider of global business
information, knowledge and insight, today announced the ‘Dun & Bradstreet Equity
Broking Awards 2009’. The awards felicitated 5 of India’s leading equity broking
houses. The occasion also marked the launch of the third edition of Dun & Bradstreet’s
premier publication, India’s Leading Equity Broking Houses 2009.
Speaking at the awards, Dr. Manoj Vaish, President & CEO – India, Dun & Bradstreet
said, “Broking houses faced a tough time in 2008 with a collapse in trading volumes
which resulted in severe pressure on their earnings. The equity broking industry
has taken a slew of mitigating measures, such as reducing brokerage and transaction
costs, and right sizing their operations. I believe these will stand them in good
stead as they operate in these volatile times.”
India’s Leading Equity Broking Houses 2009 was released by Mr Rajnikant Patel, President
– Exchange Business, Reliance Money Ltd. Leading names from the Equity Broking sector
participated in a panel discussion on “The Indian Broking Sector – On The Road To
Recovery” that followed thereafter.
|
|
|
|
|
|
The Dun & Bradstreet Equity Broking Awards 2009 aim at felicitating broking firms
and documenting their achievements in the publication ‘India’s Leading Broking Houses
2009’, while profiling other major players of the industry. Awards were presented
in seven categories - business network, e-broking, global presence, retail, overall
performance and fastest growing broking house.
|
|
|
|
|
|
India’s Leading Equity Broking Houses 2009 is a key source of information on India’s
equity broking industry and felicitates the leading players of the broking industry.
The publication provides an overview of the Indian equity markets and a comparative
study of the leading stock exchanges. It also profiles 208 equity broking houses
engaged in the equities market, and analyses important industry trends and developments.
This edition carries a financial analysis section which takes into account 39 companies
and analyses them on parameters such as total income, total expenditure, profitability
margins, product diversification and other related operational aspects of large,
medium and mid-sized firms.
|
|
|
|
|
|
The broking houses in the study reported miniscule growth in net profit margins
over the last two years. The net profit margin for FY08 stood at 21.6%, almost in
line with 21% in FY07. However, mid-sized broking houses were an exception, and
showed some improvement in margins with 15.2% in FY08, while the corresponding figure
for the previous year stood at 11.6%.
|
|
Equity broking firms of all sizes are gradually moving towards a diversified product
mix that includes wealth management, portfolio management services (PMS) and advisory
fees, among others. For the broking houses covered in the study, the share of total
income from broking activities fell to 73% in FY08 from 83% in FY07.
|
|
Medium-sized firms grew faster than their peers in terms of total income but reliance
on core broking activities for revenue generation makes them more vulnerable in
difficult times.
|
|
Employee cost was the single largest cost component for the equity broking sector
at 25% – although there was a decrease over the previous year. For small firms however,
38% of total expenditure was employee costs.
|
|
To get a better perspective of recent trends, the study also includes an analysis
of 17 listed companies whose results were available for the nine months Apr – Dec
2008. Some of the findings include -
|
|
Tough market conditions have clearly had an impact on the sector. For the first
nine months of FY09, the total income for the 17 listed equity-broking companies
decreased by 18.4% when compared with the corresponding period last year.
|
|
Profitability was also hit - the cumulative net profit margin stood at 16.7% as
compared to 29.1%, for the same duration.
|
|
|
|
|
|
|
Dun & Bradstreet (NYSE:DNB), the world’s leading source of global business information,
knowledge and insight, has been enabling companies to Decide with Confidence® for
167 years. D&B’s global commercial database contains more than 140 million business
records. The database is enhanced by D&B’s proprietary DUNSRight® Quality Process,
which transforms the enormous amount of data collected daily into decision-ready
insight.
Through the D&B Worldwide Network – an unrivaled alliance of D&B and leading business
information providers around the world – customers gain access to the world’s largest
and highest quality global commercial business information database. Customers use
D&B Risk Management Solutions to mitigate risk, increase cash flow and drive increased
profitability, D&B Sales & Marketing Solutions to analyse markets, locate prospects
and increase revenue from new and existing customers; D&B Export Marketing Solutions
to gain significant insight into overseas markets and increase sales; D&B Financial
Education Solutions to facilitate professional growth and excellence among their
executives and D&B Economic Analysis Group to derive pragmatic and solution-oriented
analyses of strategic economic and business developments, thereby aiding informed
decision making. D&B features on FORTUNE Magazine's Most Admired Companies Industry
List, ranking first in the Financial Data Services category. D&B ranked first in
the areas of employee talent, financial soundness, long-term investment, quality
of management and use of corporate assets. D&B has achieved this distinction for
the fourth consecutive year.
|
|
|
|
|
|
|
|
|
|
|
|
|
|