Prakash Industries Ltd

Prakash Industries Ltd

₹ 189 6.25%
18 Jun - close price
About

Prakash Industries Ltd is engaged in the business of manufacturing and sale of Steel Products and generation of Power. [1]

Key Points

Product Portfolio
The company's product portfolio includes Sponge iron, steel billets, Ferro alloys, wire rods, HB wires, and TMT bars. [1]

  • Market Cap 3,391 Cr.
  • Current Price 189
  • High / Low 224 / 64.1
  • Stock P/E 9.74
  • Book Value 169
  • Dividend Yield 0.00 %
  • ROCE 11.6 %
  • ROE 11.6 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Stock is trading at 1.12 times its book value

Cons

  • The company has delivered a poor sales growth of 0.50% over past five years.
  • Tax rate seems low
  • Company has a low return on equity of 8.08% over last 3 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.

Peer comparison

Sector: Steel Industry: Steel - Medium / Small

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
1,032 1,031 894 847 1,157 895 777 761 1,011 1,013 889 885 890
928 934 794 760 1,050 795 674 659 902 895 761 762 767
Operating Profit 104 96 99 87 108 101 103 101 108 118 128 123 123
OPM % 10% 9% 11% 10% 9% 11% 13% 13% 11% 12% 14% 14% 14%
3 3 1 3 2 2 3 3 4 30 16 7 11
Interest 16 19 18 18 17 22 23 21 16 19 17 12 10
Depreciation 39 39 40 40 39 38 38 38 38 39 38 38 37
Profit before tax 52 41 43 32 53 43 44 45 58 89 89 81 87
Tax % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% -2%
52 41 43 32 53 43 44 45 58 89 89 81 89
EPS in Rs 2.88 2.28 2.41 1.80 2.94 2.41 2.46 2.53 3.24 4.99 4.99 4.50 4.96
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
2,510 2,595 2,830 2,053 2,174 2,935 3,588 2,974 3,216 3,929 3,444 3,678
2,183 2,219 2,420 1,863 1,909 2,351 2,799 2,624 2,901 3,538 3,031 3,185
Operating Profit 326 376 410 190 264 584 788 350 315 391 413 493
OPM % 13% 14% 14% 9% 12% 20% 22% 12% 10% 10% 12% 13%
2 4 -241 4 2 15 0 7 8 8 11 64
Interest 55 58 61 69 75 89 102 94 74 73 82 57
Depreciation 106 118 98 102 103 121 134 145 154 158 152 153
Profit before tax 167 204 9 23 88 388 553 118 95 169 190 346
Tax % 1% 15% 0% 0% 8% 1% 2% 0% 0% 0% 0% -1%
165 173 9 23 81 386 539 118 95 169 190 348
EPS in Rs 12.26 12.87 0.69 1.74 5.83 24.62 33.02 6.90 5.32 9.42 10.64 19.44
Dividend Payout % 8% 8% 0% 0% 0% 0% 4% 0% 0% 0% 0% 6%
Compounded Sales Growth
10 Years: 4%
5 Years: 1%
3 Years: 5%
TTM: 7%
Compounded Profit Growth
10 Years: 7%
5 Years: -9%
3 Years: 54%
TTM: 83%
Stock Price CAGR
10 Years: 8%
5 Years: 24%
3 Years: 36%
1 Year: 190%
Return on Equity
10 Years: 8%
5 Years: 6%
3 Years: 8%
Last Year: 12%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 134 134 134 134 139 157 163 171 179 179 179 179
Reserves 1,959 2,098 2,071 2,003 2,082 2,579 2,605 2,733 2,720 2,633 2,775 2,845
924 953 913 857 935 818 661 572 557 548 599 362
244 266 326 368 260 339 511 394 428 552 698 673
Total Liabilities 3,261 3,452 3,445 3,362 3,416 3,893 3,941 3,870 3,884 3,912 4,251 4,059
1,719 1,747 1,733 1,635 1,578 2,377 2,357 3,013 2,976 2,939 3,118 2,720
CWIP 790 893 944 955 1,141 690 710 171 122 46 172 495
Investments 16 35 2 2 0 0 0 0 0 0 0 0
737 777 765 770 697 825 873 687 786 927 961 843
Total Assets 3,261 3,452 3,445 3,362 3,416 3,893 3,941 3,870 3,884 3,912 4,251 4,059

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
193 314 232 242 269 476 696 388 159 350 585 601
-133 -230 -109 -149 -248 -480 -535 -248 -129 -299 -545 -320
-85 -88 -108 -103 -14 10 -169 -126 -43 -59 -38 -288
Net Cash Flow -24 -5 15 -10 7 7 -8 14 -13 -8 2 -6

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 13 12 13 14 13 12 15 24 16 6 10 8
Inventory Days 43 48 36 46 46 50 40 25 47 44 45 43
Days Payable 10 10 14 22 24 28 25 27 25 19 30 27
Cash Conversion Cycle 46 50 34 38 35 34 30 23 38 31 26 24
Working Capital Days 14 -2 -3 -17 -10 9 11 10 36 25 6 -2
ROCE % 7% 8% 10% 3% 5% 14% 19% 6% 5% 7% 8%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
40.98% 40.98% 40.98% 42.94% 43.29% 43.29% 43.31% 43.31% 44.11% 44.24% 44.24% 44.24%
3.04% 1.93% 1.45% 1.53% 1.74% 1.83% 1.92% 3.42% 3.57% 6.35% 5.90% 4.91%
0.03% 0.02% 0.03% 0.01% 0.01% 0.03% 0.03% 0.03% 0.03% 0.01% 0.01% 0.09%
55.95% 57.07% 57.55% 55.52% 54.96% 54.84% 54.74% 53.24% 52.29% 49.39% 49.84% 50.75%
No. of Shareholders 1,09,4041,10,8971,06,63699,85197,47897,33195,62191,79089,47085,17291,96394,294

* 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.

Click on the line-items to see the names of individual entities.

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