Prakash Steelage Ltd

Prakash Steelage Ltd

₹ 9.20 4.55%
17 May - close price
About

Incorporated in 1996, Prakash Steelage Ltd manufactures and exports stainless Steel tubes & pipes[1]

Key Points

Business Overview:[1][2][3]
PSL is an 1SO 9001-2015, ISO 14001-2004, OHSAS 18001-2007, PED Certified company and is a part of Prakash Group. It started its business with trading in stainless steel (SS) sheets, coils, plates and scrap. Currently, company manufactures stainless steel (seamless and welded) pipes and tubes and trades into stainless steel sheets and coils, etc. in Silvassa

  • Market Cap 161 Cr.
  • Current Price 9.20
  • High / Low 16.6 / 4.11
  • Stock P/E
  • Book Value 6.31
  • Dividend Yield 0.00 %
  • ROCE -10.6 %
  • ROE -45.1 %
  • Face Value 1.00

Pros

Cons

  • Company has low interest coverage ratio.
  • Promoter holding is low: 33.5%
  • Company has high debtors of 193 days.
  • Promoter holding has decreased over last 3 years: -14.7%

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Steel Industry: Steel - Medium / Small

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Operating Profit
OPM %
Interest
Depreciation
Profit before tax
Tax %
EPS in Rs
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016
1,025 1,123 565
957 1,055 606
Operating Profit 68 68 -41
OPM % 7% 6% -7%
5 2 -9
Interest 35 36 29
Depreciation 8 11 8
Profit before tax 30 22 -87
Tax % 29% 33% -1%
21 15 -88
EPS in Rs 1.22 0.84 -5.02
Dividend Payout % 8% 6% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -50%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -457%
Stock Price CAGR
10 Years: -3%
5 Years: 98%
3 Years: 110%
1 Year: 111%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: -45%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016
Equity Capital 18 18 18
Reserves 167 180 93
264 245 203
193 361 183
Total Liabilities 642 803 497
84 81 19
CWIP 1 1 5
Investments 0 0 3
557 721 470
Total Assets 642 803 497

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016
-8 51 25
-9 -0 45
23 -58 -71
Net Cash Flow 5 -8 -2

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016
Debtor Days 99 119 193
Inventory Days 84 99 29
Days Payable 64 116 76
Cash Conversion Cycle 120 102 146
Working Capital Days 119 113 193
ROCE % 15% -11%

Shareholding Pattern

Numbers in percentages

16 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
48.18% 48.18% 39.42% 33.10% 33.10% 33.09% 33.30% 33.38% 33.41% 33.48% 33.51% 33.52%
2.18% 2.18% 2.18% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.08%
1.98% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
0.02% 0.02% 0.07% 0.07% 0.07% 0.07% 0.15% 0.15% 0.15% 0.15% 0.15% 0.00%
47.64% 49.61% 58.33% 66.84% 66.84% 66.83% 66.56% 66.48% 66.44% 66.38% 66.34% 66.40%
No. of Shareholders 15,25122,85353,83085,38495,3131,00,13996,97993,78593,6331,06,6261,19,6121,52,747

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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