In 1992, he received the Maharashtra State award for best actor for his portrayal of a mentally retarded boy in the film 'Chaukat Raja'. His performances in 'Katha Doan Ganpatraonchi' and 'Sarkarnama' have been widely acclaimed by critics as well by people at large.

     Prabhavalkar is a serious actor. He has an attitude of making an in-depth study of the character he wants to portray and then taking pains to build up each part of the character systematically. He possesses the quality of good observation. For performing the mentally retarded boy in 'Chaukat Raja' he visited an institute of such children and spent time with them, to observe them. This is why his performances appeal to connoisseurs as well as the common theatre-going man. In fact it will not be an exaggeration to say that he gets the largest audiences and from all strata of  society- rural, urban, young, old, labourers, intellectuals. Prabhavalkar has been honoured with many Maharashtra State, Natyadarpan and Natya Parishad awards for his work in Theatre.

     Prabhavalkar himself is a good writer. His writing is remarkable for its wit and deft comic touches and tongue-in-cheek satirical attitude. This attitude is reflected in his newspaper column writing where he deals with the issues around, including political ones, in a humorous manner, yet exposing the hypocricy of politicians. Three of his nine books published so far- 'Googly', 'Hasgat' and 'Kagdi Baan'- have won literary awards. Prabhavalkar is a socially conscious personality and is always ready to give his share for a good cause. He has been working for the Poona Blind Men's Association and has helped them by lending his voice to prepare a  number of audio cassettes for their 'Talking Book Libraries'. He has also been associated with Kamayani, the institution working for mentally retarded children. The ties that he developed with them at the time of 'Chaukat Raja' have become permanent and he is always ready to help them in any way he can. Needless to say, Prabhavalkar does all that without accepting any remuneration - 'an actor must give back to society at least a part of what he achieves with the help of the society' is his attitude.