Prakash Pipes Ltd

Prakash Pipes Ltd

₹ 417 -2.07%
28 Feb - 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 998 Cr.
  • Current Price 417
  • High / Low 493 / 134
  • Stock P/E 11.9
  • Book Value 132
  • Dividend Yield 0.29 %
  • ROCE 29.0 %
  • ROE 22.8 %
  • Face Value 10.0

Pros

  • Company is almost debt free.

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

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
127 135 122 178 143 175 192 189 172 156 176 171 158
111 119 105 158 124 153 170 168 151 137 152 147 128
Operating Profit 16 16 17 20 19 22 22 22 21 19 23 24 30
OPM % 12% 12% 14% 11% 13% 13% 11% 11% 12% 12% 13% 14% 19%
0 1 1 1 1 0 18 2 1 0 1 5 4
Interest 1 0 0 0 1 1 1 1 1 0 0 0 2
Depreciation 2 2 3 3 3 3 3 3 3 2 2 2 2
Profit before tax 13 15 15 18 16 19 36 19 18 17 22 27 30
Tax % 31% 30% 29% 30% 33% 30% 30% 33% 24% -18% 15% 15% 23%
9 10 11 12 11 13 25 13 13 20 18 23 23
EPS in Rs 4.51 4.25 4.42 5.21 4.42 5.51 10.44 5.49 5.61 8.26 7.72 9.48 9.67
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
341 385 476 617 709 661
302 347 418 539 626 564
Operating Profit 39 38 59 77 83 96
OPM % 11% 10% 12% 13% 12% 15%
5 4 2 3 22 11
Interest 0 2 2 2 3 3
Depreciation 5 6 8 11 12 9
Profit before tax 38 34 51 67 89 95
Tax % 25% 28% 30% 30% 20%
29 25 36 47 71 84
EPS in Rs 28,550.00 12.12 14.97 19.57 29.81 35.13
Dividend Payout % 9% 10% 8% 6% 4%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 23%
TTM: -9%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 33%
TTM: 30%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 55%
1 Year: 174%
Return on Equity
10 Years: %
5 Years: %
3 Years: 22%
Last Year: 23%

Balance Sheet

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 20 20 24 24 24 24
Reserves 89 112 168 211 255 293
0 5 2 5 10 28
32 41 48 56 57 59
Total Liabilities 142 179 241 297 346 404
43 55 77 101 68 70
CWIP 0 0 0 4 5 4
Investments -0 -0 -0 -0 -0 34
98 124 164 191 273 296
Total Assets 142 179 241 297 346 404

Cash Flows

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
20 14 30 51 42
-20 -15 -33 -36 16
0 2 18 0 0
Net Cash Flow 1 0 15 16 59

Ratios

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 34 41 34 35 39
Inventory Days 24 37 46 34
Days Payable 22 24 19 17
Cash Conversion Cycle 36 54 34 62 55
Working Capital Days 49 45 47 45 44
ROCE % 29% 32% 32% 29%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
40.40% 40.40% 41.72% 41.72% 44.09% 44.27% 44.27% 44.27% 44.27% 44.27% 44.27% 44.27%
0.14% 0.07% 0.08% 0.45% 0.23% 0.16% 0.59% 0.08% 0.08% 0.31% 0.27% 0.26%
0.03% 0.02% 0.03% 0.02% 0.02% 0.03% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02%
59.43% 59.50% 58.17% 57.81% 55.65% 55.54% 55.10% 55.62% 55.63% 55.39% 55.43% 55.45%
No. of Shareholders 64,71775,68173,45871,82972,08677,90780,13578,61776,44073,97077,49380,014

* 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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