Prakash Pipes Ltd
Incorporated in 2017, Prakash Pipes Ltd is in the business of manufacturing of PVC pipes & fittings and Flexible packaging[1]
- Market Cap ₹ 594 Cr.
- Current Price ₹ 248
- High / Low ₹ 574 / 244
- Stock P/E 11.2
- Book Value ₹ 191
- Dividend Yield 0.97 %
- ROCE 26.8 %
- ROE 20.5 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has delivered good profit growth of 27.4% CAGR over last 5 years
- Company's working capital requirements have reduced from 25.1 days to 19.4 days
Cons
* 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
Industrials Capital Goods Industrial Products Plastic Products - Industrial
Part of BSE SmallCap BSE Allcap BSE Industrials
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| 0 | 341 | 385 | 476 | 617 | 709 | 669 | 780 | 760 | |
| 0 | 302 | 347 | 418 | 539 | 626 | 562 | 659 | 675 | |
| Operating Profit | 0 | 39 | 38 | 59 | 77 | 83 | 107 | 121 | 85 |
| OPM % | 11% | 10% | 12% | 13% | 12% | 16% | 16% | 11% | |
| 0 | 5 | 4 | 2 | 3 | 22 | 16 | 9 | 5 | |
| Interest | 0 | 0 | 2 | 2 | 2 | 3 | 4 | 7 | 5 |
| Depreciation | 0 | 5 | 6 | 8 | 11 | 12 | 10 | 11 | 13 |
| Profit before tax | 0 | 38 | 34 | 51 | 67 | 89 | 110 | 112 | 73 |
| Tax % | 25% | 28% | 30% | 30% | 20% | 18% | 26% | ||
| 0 | 29 | 25 | 36 | 47 | 71 | 90 | 83 | 53 | |
| EPS in Rs | 0.00 | 28,550.00 | 12.12 | 14.97 | 19.57 | 29.81 | 37.48 | 34.74 | 22.18 |
| Dividend Payout % | 9% | 10% | 8% | 6% | 4% | 5% | 7% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 15% |
| 3 Years: | 8% |
| TTM: | 4% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 27% |
| 3 Years: | 21% |
| TTM: | -46% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 27% |
| 3 Years: | 15% |
| 1 Year: | -52% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 22% |
| 3 Years: | 23% |
| Last Year: | 21% |
Balance Sheet
Figures in Rs. Crores
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.01 | 20 | 20 | 24 | 24 | 24 | 24 | 24 | 24 |
| Reserves | 0 | 89 | 112 | 168 | 211 | 255 | 341 | 420 | 434 |
| 0 | 0 | 5 | 2 | 5 | 10 | 40 | 39 | 13 | |
| 0 | 31 | 41 | 48 | 56 | 57 | 87 | 95 | 90 | |
| Total Liabilities | 0 | 141 | 179 | 241 | 297 | 346 | 493 | 578 | 561 |
| 0 | 43 | 55 | 77 | 101 | 68 | 71 | 127 | 130 | |
| CWIP | 0 | 0 | 0 | 0 | 4 | 5 | 9 | 7 | 9 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 42 | 13 | 2 |
| 0 | 97 | 124 | 164 | 191 | 273 | 371 | 431 | 420 | |
| Total Assets | 0 | 141 | 179 | 241 | 297 | 346 | 493 | 578 | 561 |
Cash Flows
Figures in Rs. Crores
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| 0 | 20 | 14 | 30 | 51 | 42 | 120 | 73 | |
| 0 | -20 | -15 | -33 | -36 | 16 | -46 | -26 | |
| 0 | 0 | 2 | 18 | 0 | 0 | 26 | -10 | |
| Net Cash Flow | 0 | 1 | 0 | 15 | 16 | 59 | 99 | 38 |
Ratios
Figures in Rs. Crores
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 34 | 41 | 34 | 35 | 39 | 41 | 41 | |
| Inventory Days | 24 | 37 | 46 | 34 | 44 | 45 | ||
| Days Payable | 22 | 24 | 19 | 17 | 34 | 29 | ||
| Cash Conversion Cycle | 36 | 54 | 34 | 62 | 55 | 51 | 56 | |
| Working Capital Days | 48 | 41 | 47 | 42 | 40 | 16 | 19 | |
| ROCE % | 70% | 29% | 32% | 32% | 29% | 29% | 27% |
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Newspaper Publication 15 Nov
-
Announcement under Regulation 30 (LODR)-Change in Registered Office Address
14 Nov - Unaudited Q2/H1 results: Net sales ₹181Cr (Q2), ₹384Cr (H1); Q2 profit ₹9Cr, H1 profit ₹20Cr; office shift Dec 1.
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
14 Nov - Quarter ended 30 Sep 2025: sales ₹181 Cr, EBITDA ₹17 Cr, net profit ₹9 Cr; H1 sales ₹384 Cr.
- Unaudited Financial Results For The Quarter And Half Year Ended 30.09.2025 With Limited Review Carried Out By Auditors Of The Company 14 Nov
-
Board Meeting Outcome for Unaudited Financial Results For The Quarter And Half Year Ended 30.09.2025 With Limited Review Carried Out By Auditors Of The Company
14 Nov - Q2 FY26 unaudited: Sales ₹181cr, Q2 profit ₹9.36cr; H1 sales ₹384cr, H1 profit ₹19.67cr; office shift Dec 1.
Business Overview:[1][2]
PPL is in the business of manufacturing
PVC pipes and fittings. It also specializes
in sustainable laminates, composites and
barrier films, to create quality packaging solutions. Currently, the company has
~600+ Dealers & retailers in PVC pipes & fittings and ~180+ customers in flexible packaging