Prakash Pipes Ltd

Prakash Pipes Ltd

₹ 246 1.76%
15 Jun 9:09 a.m.
About

Incorporated in 2017, Prakash Pipes Ltd is in the business of manufacturing of PVC pipes & fittings and Flexible packaging[1]

Key Points

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

  • Market Cap 589 Cr.
  • Current Price 246
  • High / Low 414 / 163
  • Stock P/E 13.6
  • Book Value 200
  • Dividend Yield 0.97 %
  • ROCE 12.5 %
  • ROE 9.38 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • The company has delivered a poor sales growth of 10.6% over past five years.

* 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.

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Quarterly Results

Figures in Rs. Crores

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
156 176 171 158 165 205 200 192 183 203 181 181 223
137 152 147 128 135 172 169 157 165 187 166 163 206
Operating Profit 19 23 24 30 30 33 31 36 18 16 15 18 17
OPM % 12% 13% 14% 19% 18% 16% 16% 19% 10% 8% 8% 10% 8%
0 1 5 4 5 5 5 1 1 2 1 -0 6
Interest 0 0 0 2 1 2 2 2 1 1 0 1 1
Depreciation 2 2 2 2 3 2 3 3 3 3 4 4 4
Profit before tax 17 22 27 30 31 34 32 31 15 14 12 13 19
Tax % -18% 15% 15% 23% 18% 25% 25% 27% 30% 26% 25% 25% 27%
20 18 23 23 25 25 24 23 10 10 9 10 13
EPS in Rs 8.26 7.72 9.48 9.67 10.60 10.62 10.16 9.66 4.30 4.31 3.91 4.23 5.64
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
0 341 385 476 617 709 669 780 789
0 302 347 418 539 626 562 659 722
Operating Profit 0 39 38 59 77 83 107 121 66
OPM % 11% 10% 12% 13% 12% 16% 16% 8%
0 5 4 2 3 22 16 9 9
Interest 0 0 2 2 2 3 4 7 3
Depreciation 0 5 6 8 11 12 10 11 15
Profit before tax 0 38 34 51 67 89 110 112 58
Tax % 25% 28% 30% 30% 20% 18% 26% 26%
0 29 25 36 47 71 90 83 43
EPS in Rs 0.00 28,550.00 12.12 14.97 19.57 29.81 37.48 34.74 18.09
Dividend Payout % 9% 10% 8% 6% 4% 5% 7% 13%
Compounded Sales Growth
10 Years: %
5 Years: 11%
3 Years: 4%
TTM: 1%
Compounded Profit Growth
10 Years: %
5 Years: 4%
3 Years: -10%
TTM: -48%
Stock Price CAGR
10 Years: %
5 Years: 7%
3 Years: 14%
1 Year: -40%
Return on Equity
10 Years: %
5 Years: 19%
3 Years: 17%
Last Year: 9%

Balance Sheet

Figures in Rs. Crores

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 0.01 20 20 24 24 24 24 24 24
Reserves 0 89 112 168 211 255 341 420 455
0 0 5 2 5 10 40 39 19
0 31 41 48 56 57 87 95 106
Total Liabilities 0 141 179 241 297 346 493 578 604
0 43 55 77 101 68 71 127 136
CWIP 0 0 0 0 4 5 9 7 18
Investments 0 0 0 0 0 0 42 13 0
0 97 124 164 191 273 371 431 450
Total Assets 0 141 179 241 297 346 493 578 604

Cash Flows

Figures in Rs. Crores

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
0 20 14 30 51 42 120 73 20
0 -20 -15 -33 -36 16 -46 -26 -197
0 0 2 18 0 0 26 -10 -32
Net Cash Flow 0 1 0 15 16 59 99 38 -209
Free Cash Flow 0 0 -2 -4 14 54 100 15 -4
CFO/OP 72% 58% 62% 81% 69% 121% 90% 76%

Ratios

Figures in Rs. Crores

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 34 41 34 35 39 41 41 45
Inventory Days 24 37 46 34 44 45 52
Days Payable 22 24 19 17 34 29 35
Cash Conversion Cycle 36 54 34 62 55 51 56 62
Working Capital Days 48 41 47 42 40 16 19 34
ROCE % 70% 29% 32% 32% 29% 29% 27% 12%

Insights

In beta
Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Sales Volume - Flexible Packaging
MT

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Sales Volume - PVC Pipes & Fittings
MT
Dealer and Distributor Network (PVC)
Numbers
Installed Capacity - Flexible Packaging
MTPA
Installed Capacity - PVC Pipes & Fittings
MTPA
Debtor Turnover Days
Days
Number of Flexible Packaging Customers
Numbers

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
44.27% 44.27% 44.27% 44.27% 44.27% 44.41% 44.41% 44.41% 44.41% 44.41% 44.41% 44.50%
0.31% 0.27% 0.26% 0.37% 0.93% 2.00% 1.67% 1.29% 1.00% 0.54% 0.46% 0.43%
0.02% 0.02% 0.02% 0.02% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01%
55.39% 55.43% 55.45% 55.32% 54.80% 53.58% 53.91% 54.29% 54.59% 55.04% 55.14% 55.06%
No. of Shareholders 73,97077,49380,01481,85479,84981,13286,61087,15187,28482,99782,05084,720

* 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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