Prakash Pipes Ltd

₹ 170 0.32%
05 Aug - close price
About

Prakash Pipes is engaged in the manufacturing of PVC pipes & fittings and packaging products. It was incorporated in June 2017 created out of a
demerger from Prakash Industries Limited. [1] [2]

Key Points

Demerger of The Company from Prakash Industries
Prakash Industries Limited has been demerged into Prakash Pipes Limited effective from April 2018. The Business Pertaining to PVC Pipes has been transferred to Prakash Pipes, the demerged company.
The Company issued 2.04 Cr equity shares s of ₹10 each to the existing shareholders of PIL in the ratio of 8:1. [1] [2]

  • Market Cap 407 Cr.
  • Current Price 170
  • High / Low 210 / 124
  • Stock P/E 8.69
  • Book Value 98.4
  • Dividend Yield 0.71 %
  • ROCE 32.1 %
  • ROE 21.9 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Company is expected to give good quarter

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.

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Quarterly Results

Figures in Rs. Crores

Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022
82 105 101 93 86 88 126 127 135 122 178 143 175
72 94 90 85 78 76 112 111 119 105 158 124 153
Operating Profit 10 10 11 8 8 12 14 16 16 17 20 19 22
OPM % 12% 10% 11% 9% 10% 14% 11% 12% 12% 14% 11% 13% 13%
2 0 1 2 1 0 0 0 1 1 1 1 0
Interest 0 0 0 0 1 0 0 1 0 0 0 1 1
Depreciation 2 1 2 2 2 2 2 2 2 3 3 3 3
Profit before tax 10 9 10 8 6 10 12 13 15 15 18 16 19
Tax % 26% 31% 34% 9% 36% 30% 26% 31% 30% 29% 30% 33% 30%
Net Profit 8 6 7 7 4 7 9 9 10 11 12 11 13
EPS in Rs 7,770.00 3.16 3.29 3.64 2.03 3.57 4.48 4.51 4.25 4.42 5.21 4.42 5.51

Profit & Loss

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022
341 385 476 617
302 347 418 539
Operating Profit 39 38 59 77
OPM % 11% 10% 12% 13%
5 4 2 3
Interest 0 2 2 2
Depreciation 5 6 8 11
Profit before tax 38 34 51 67
Tax % 25% 28% 30% 30%
Net Profit 29 25 36 47
EPS in Rs 28,550.00 12.12 14.97 19.57
Dividend Payout % 0% 10% 8% 6%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 22%
TTM: 30%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 18%
TTM: 31%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 36%
1 Year: -3%
Return on Equity
10 Years: %
5 Years: %
3 Years: 22%
Last Year: 22%

Balance Sheet

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022
20 20 24 24
Reserves 89 112 168 211
0 5 2 5
52 41 48 56
Total Liabilities 141 179 241 297
43 55 77 101
CWIP 0 0 0 4
Investments 0 0 0 0
97 124 164 191
Total Assets 141 179 241 297

Cash Flows

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022
20 14 30 51
-20 -15 -33 -36
0 2 18 0
Net Cash Flow 1 0 15 16

Ratios

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 34 41 34 35
Inventory Days 24 37 57 46
Days Payable 22 24 23 19
Cash Conversion Cycle 36 54 67 62
Working Capital Days 48 45 47 45
ROCE % 29% 32% 32%

Shareholding Pattern

Numbers in percentages

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
39.30 39.30 39.36 38.87 38.99 38.99 40.40 40.40 41.72 41.72 44.09 44.27
0.88 1.67 1.56 0.26 0.28 0.28 0.14 0.07 0.08 0.45 0.23 0.16
0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.02 0.03 0.02 0.02 0.03
59.79 59.00 59.05 60.84 60.70 60.70 59.43 59.50 58.17 57.81 55.65 55.54

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