Prakash Industries Ltd

₹ 164 -1.91%

19 Apr - 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]

Website BSE NSE

Market Cap ₹ 2,939 Cr.
Current Price ₹ 164
High / Low ₹ 224 / 52.1
Stock P/E 9.26
Book Value ₹ 174
Dividend Yield 0.00 %
ROCE 7.87 %
ROE 6.58 %
Face Value ₹ 10.0

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Pros

Company has reduced debt.
Stock is trading at 0.94 times its book value

Cons

Though the company is reporting repeated profits, it is not paying out dividend
The company has delivered a poor sales growth of 3.25% over past five years.
Tax rate seems low
Company has a low return on equity of 5.23% 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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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	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
	891	1,032	1,031	894	847	1,157	895	777	761	1,011	1,013	889	885
	804	928	934	794	760	1,050	795	674	659	902	895	761	762
Operating Profit	87	104	96	99	87	108	101	103	101	108	118	128	123
OPM %	10%	10%	9%	11%	10%	9%	11%	13%	13%	11%	12%	14%	14%
	2	3	3	1	3	2	2	3	3	4	30	16	7
Interest	18	16	19	18	18	17	22	23	21	16	19	17	12
Depreciation	39	39	39	40	40	39	38	38	38	38	39	38	38
Profit before tax	31	52	41	43	32	53	43	44	45	58	89	89	81
Tax %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	31	52	41	43	32	53	43	44	45	58	89	89	81
EPS in Rs	1.83	2.88	2.28	2.41	1.80	2.94	2.41	2.46	2.53	3.24	4.99	4.99	4.50
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
	2,100	2,510	2,595	2,830	2,053	2,174	2,935	3,588	2,974	3,216	3,929	3,444	3,798
	1,735	2,183	2,219	2,420	1,863	1,909	2,351	2,799	2,624	2,901	3,538	3,031	3,320
Operating Profit	366	326	376	410	190	264	584	788	350	315	391	413	478
OPM %	17%	13%	14%	14%	9%	12%	20%	22%	12%	10%	10%	12%	13%
	2	2	4	-241	4	2	15	0	7	8	8	11	56
Interest	14	55	58	61	69	75	89	102	94	74	73	82	64
Depreciation	78	106	118	98	102	103	121	134	145	154	158	152	153
Profit before tax	276	167	204	9	23	88	388	553	118	95	169	190	317
Tax %	3%	1%	15%	0%	0%	8%	1%	2%	0%	0%	0%	0%
	268	165	173	9	23	81	386	539	118	95	169	190	317
EPS in Rs	19.94	12.26	12.87	0.69	1.74	5.83	24.62	33.02	6.90	5.32	9.42	10.64	17.72
Dividend Payout %	5%	8%	8%	0%	0%	0%	0%	4%	0%	0%	0%	0%

Compounded Sales Growth
10 Years:	3%
5 Years:	3%
3 Years:	5%
TTM:	6%

Compounded Profit Growth
10 Years:	1%
5 Years:	-13%
3 Years:	17%
TTM:	71%

Stock Price CAGR
10 Years:	11%
5 Years:	16%
3 Years:	30%
1 Year:	209%

Return on Equity
10 Years:	8%
5 Years:	8%
3 Years:	5%
Last Year:	7%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Sep 2023
Equity Capital	134	134	134	134	134	139	157	163	171	179	179	179	179
Reserves	1,824	1,959	2,098	2,071	2,003	2,082	2,579	2,605	2,733	2,720	2,633	2,775	2,933
	969	924	953	913	857	935	818	661	572	557	548	599	433
	250	244	266	326	368	260	339	511	394	428	552	698	740
Total Liabilities	3,177	3,261	3,452	3,445	3,362	3,416	3,893	3,941	3,870	3,884	3,912	4,251	4,285
	1,612	1,719	1,747	1,733	1,635	1,578	2,377	2,357	3,013	2,976	2,939	3,118	3,025
CWIP	842	790	893	944	955	1,141	690	710	171	122	46	172	345
Investments	50	16	35	2	2	0	0	0	0	0	0	0	0
	672	737	777	765	770	697	825	873	687	786	927	961	915
Total Assets	3,177	3,261	3,452	3,445	3,362	3,416	3,893	3,941	3,870	3,884	3,912	4,251	4,285

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
	260	193	314	232	242	269	476	696	388	159	350	585
	-503	-133	-230	-109	-149	-248	-480	-535	-248	-129	-299	-545
	230	-85	-88	-108	-103	-14	10	-169	-126	-43	-59	-38
Net Cash Flow	-13	-24	-5	15	-10	7	7	-8	14	-13	-8	2

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Debtor Days	16	13	12	13	14	13	12	15	24	16	6	10
Inventory Days	47	43	48	36	46	46	50	40	25	47	44	45
Days Payable	10	10	10	14	22	24	28	25	27	25	19	30
Cash Conversion Cycle	53	46	50	34	38	35	34	30	23	38	31	26
Working Capital Days	10	14	-2	-3	-17	-10	9	11	10	36	25	6
ROCE %	11%	7%	8%	10%	3%	5%	14%	19%	6%	5%	7%	8%

Shareholding Pattern

Numbers in percentages

1 Recently

	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 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	1,09,404	1,10,897	1,06,636	99,851	97,478	97,331	95,621	91,790	89,470	85,172	91,963	94,294

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	44.97%	39.66%	39.30%	42.10%	40.98%	42.94%	43.31%	44.24%
	5.29%	7.29%	5.21%	3.74%	2.84%	1.53%	3.42%	4.91%
	0.11%	0.04%	0.22%	0.03%	0.02%	0.01%	0.03%	0.09%
	49.64%	53.02%	55.27%	54.13%	56.16%	55.52%	53.24%	50.75%
No. of Shareholders	49,569	95,476	91,204	86,388	84,958	99,851	91,790	94,294

* 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.

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Jul 2021

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Feb 2021

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May 2019

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Jan 2019

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Nov 2018

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May 2018

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