Prakash Industries Ltd

Prakash Industries Limited is engaged in the production of ferro alloys, MS TMT/MS Coil and allied products, HB Wire Rod, and PVC Pipe and Sockets.

Pros:
Company has reduced debt.
Stock is trading at 0.30 times its book value
Company is expected to give good quarter
Promoter's stake has increased
Cons:
Though the company is reporting repeated profits, it is not paying out dividend
Promoter's stake has decreased
The company has delivered a poor growth of 3.18% over past five years.
Tax rate seems low
Company has a low return on equity of 7.24% for last 3 years.
Promoters have pledged 46.57% of their holding
** Remarks:
Some businesses are provided tax benefits to encourage their development

Peer Comparison Sector: Steel // Industry: Steel - Medium / Small

Loading peers table ...

Quarterly Results Standalone Figures in Rs. Crores / View Consolidated

Jun 2016 Sep 2016 Dec 2016 Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019
576 501 469 628 650 648 726 910 985 950 940 885
520 446 406 540 542 529 575 707 745 760 745 702
Operating Profit 56 56 62 87 108 119 150 204 240 190 195 182
OPM % 10% 11% 13% 14% 17% 18% 21% 22% 24% 20% 21% 21%
Other Income 0 1 1 1 1 6 2 7 2 2 2 -3
Interest 17 17 19 21 21 22 19 25 21 27 28 25
Depreciation 25 26 26 26 27 31 32 31 34 34 34 34
Profit before tax 14 15 18 42 62 71 101 154 187 131 135 120
Tax % 0% 0% 0% 18% 4% 0% 0% 1% 10% 0% 1% -5%
Net Profit 14 15 18 34 59 71 101 152 169 131 134 126
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Standalone Figures in Rs. Crores / View Consolidated

Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 TTM
932 1,252 1,523 1,563 1,658 2,100 2,510 2,595 2,830 2,053 2,174 2,935 3,761
733 958 1,226 1,210 1,317 1,735 2,183 2,219 2,421 1,863 1,909 2,351 2,953
Operating Profit 199 294 297 353 341 366 326 376 409 190 264 584 808
OPM % 21% 23% 20% 23% 21% 17% 13% 14% 14% 9% 12% 20% 21%
Other Income 26 -5 11 2 9 2 2 4 -241 4 2 15 2
Interest 26 41 60 25 6 14 55 58 61 69 75 89 101
Depreciation 46 48 42 57 70 78 106 118 98 102 103 121 136
Profit before tax 153 199 205 273 274 276 167 204 9 23 88 388 573
Tax % 13% 0% 0% 3% 2% 3% 1% 15% 0% 0% 8% 1%
Net Profit 133 199 204 266 267 268 165 173 9 23 81 386 560
EPS in Rs 11.17 15.02 15.43 19.08 17.19 17.26 10.55 11.09 0.60 1.52 5.09 21.48
Dividend Payout % 0% 0% 0% 0% 5% 5% 8% 8% 0% 0% 0% 0%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:8.90%
5 Years:3.18%
3 Years:1.22%
TTM:28.14%
Compounded Profit Growth
10 Years:6.44%
5 Years:18.56%
3 Years:22.88%
TTM:45.73%
Return on Equity
10 Years:11.02%
5 Years:7.81%
3 Years:7.24%
Last Year:15.75%

Balance Sheet Standalone Figures in Rs. Crores / View Consolidated

Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
108 115 115 122 134 134 134 134 134 134 139 157 163
Reserves 561 794 914 1,244 1,584 1,824 1,959 2,098 2,071 2,003 2,058 2,547 2,690
Borrowings 497 363 259 230 677 969 924 953 913 857 935 818 587
61 181 290 334 270 257 244 276 326 368 385 504 501
Total Liabilities 1,223 1,454 1,578 1,929 2,665 3,184 3,261 3,462 3,445 3,362 3,518 4,026 3,941
792 777 887 1,075 1,060 1,612 1,719 1,747 1,733 1,635 1,578 2,377 2,357
CWIP 50 176 241 303 912 842 790 893 944 955 1,141 690 710
Investments 0 0 2 2 27 50 16 35 2 2 0 0 0
381 501 447 550 666 679 737 786 765 770 798 959 873
Total Assets 1,223 1,454 1,578 1,929 2,665 3,184 3,261 3,462 3,445 3,362 3,518 4,026 3,941

Cash Flows Standalone Figures in Rs. Crores / View Consolidated

Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018
180 173 269 270 143 260 193 314 232 242 269 476
-98 -167 -230 -317 -679 -503 -133 -230 -109 -149 -248 -480
-82 69 -92 118 497 230 -85 -88 -108 -103 -14 10
Net Cash Flow 0 75 -53 70 -39 -13 -24 -5 15 -10 7 7

Ratios Standalone Figures in Rs. Crores / View Consolidated

Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018
ROCE % 13% 20% 21% 22% 14% 11% 7% 8% 10% 3% 5% 14%
Debtor Days 36 33 26 19 19 16 13 12 13 14 13 12
Inventory Turnover 10.22 13.03 16.86 17.00 12.54 12.33 13.07 11.84 13.26 10.90 11.74 13.38