Prakash Industries Ltd

₹ 57.4 3.61%
05 Dec 4:10 p.m.
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 1,028 Cr.
  • Current Price 57.4
  • High / Low 87.5 / 45.1
  • Stock P/E 5.97
  • Book Value 161
  • Dividend Yield 0.00 %
  • ROCE 7.09 %
  • ROE 5.91 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.36 times its book value

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Tax rate seems low
  • Company has a low return on equity of 4.46% over last 3 years.
  • Promoters have pledged 74.0% of their holding.

* 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

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
762 739 647 529 764 891 1,032 1,031 894 847 1,157 895 777
674 652 567 469 701 804 928 934 794 760 1,050 795 674
Operating Profit 88 87 80 60 63 87 104 96 99 87 108 101 103
OPM % 12% 12% 12% 11% 8% 10% 10% 9% 11% 10% 9% 11% 13%
1 1 3 1 2 2 3 3 1 3 2 2 3
Interest 22 21 26 21 18 18 16 19 18 18 17 22 23
Depreciation 34 38 39 38 38 39 39 39 40 40 39 38 38
Profit before tax 33 30 18 3 9 31 52 41 43 32 53 43 44
Tax % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Net Profit 33 30 18 3 9 31 52 41 43 32 53 43 44
EPS in Rs 1.94 1.75 1.06 0.19 0.53 1.83 2.88 2.28 2.41 1.80 2.94 2.41 2.46
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
1,658 2,100 2,510 2,595 2,830 2,053 2,174 2,935 3,588 2,974 3,216 3,929 3,677
1,317 1,735 2,183 2,219 2,420 1,863 1,909 2,351 2,799 2,625 2,901 3,538 3,278
Operating Profit 341 366 326 376 410 190 264 584 788 349 315 391 399
OPM % 21% 17% 13% 14% 14% 9% 12% 20% 22% 12% 10% 10% 11%
9 2 2 4 -241 4 2 15 0 7 8 8 9
Interest 6 14 55 58 61 69 75 89 102 93 74 73 81
Depreciation 70 78 106 118 98 102 103 121 134 145 154 158 155
Profit before tax 274 276 167 204 9 23 88 388 553 118 95 169 172
Tax % 2% 3% 1% 15% 0% 0% 8% 1% 2% 0% 0% 0%
Net Profit 267 268 165 173 9 23 81 386 539 118 95 169 172
EPS in Rs 19.86 19.94 12.26 12.87 0.69 1.74 5.83 24.62 33.02 6.90 5.32 9.42 9.61
Dividend Payout % 5% 5% 8% 8% 0% 0% 0% 0% 4% 0% 0% 0%
Compounded Sales Growth
10 Years: 6%
5 Years: 13%
3 Years: 3%
TTM: -4%
Compounded Profit Growth
10 Years: -5%
5 Years: 15%
3 Years: -33%
TTM: 3%
Stock Price CAGR
10 Years: 3%
5 Years: -13%
3 Years: 10%
1 Year: -6%
Return on Equity
10 Years: 8%
5 Years: 10%
3 Years: 4%
Last Year: 6%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
134 134 134 134 134 134 139 157 163 171 179 179 179
Reserves 1,584 1,824 1,959 2,098 2,071 2,003 2,058 2,547 2,585 2,712 2,701 2,614 2,711
677 969 924 953 913 857 935 818 661 572 557 548 661
264 250 244 266 326 368 283 371 532 415 447 571 588
Total Liabilities 2,659 3,177 3,261 3,452 3,445 3,362 3,416 3,893 3,941 3,870 3,884 3,912 4,139
1,060 1,612 1,719 1,747 1,733 1,635 1,578 2,377 2,357 3,013 2,976 2,939 2,864
CWIP 912 842 790 893 944 955 1,141 690 710 171 122 46 336
Investments 27 50 16 35 2 2 0 0 0 0 0 0 0
660 672 737 777 765 770 697 825 873 687 786 927 939
Total Assets 2,659 3,177 3,261 3,452 3,445 3,362 3,416 3,893 3,941 3,870 3,884 3,912 4,139

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
143 260 193 314 232 242 269 476 696 388 159 350
-679 -503 -133 -230 -109 -149 -248 -480 -535 -248 -129 -299
497 230 -85 -88 -108 -103 -14 10 -169 -126 -43 -59
Net Cash Flow -39 -13 -24 -5 15 -10 7 7 -8 14 -13 -8

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 19 16 13 12 13 14 13 12 15 24 16 6
Inventory Days 59 47 43 48 36 46 46 50 40 25 47 44
Days Payable 18 10 10 10 14 22 24 28 25 27 25 19
Cash Conversion Cycle 59 53 46 50 34 38 35 34 30 23 38 31
Working Capital Days 13 10 14 -2 -3 -17 -10 9 11 10 36 25
ROCE % 14% 11% 7% 8% 10% 3% 5% 14% 19% 6% 5% 7%

Shareholding Pattern

Numbers in percentages

Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
42.10 42.10 42.10 42.04 42.04 40.98 40.98 40.98 40.98 42.94 43.29 43.29
3.68 3.74 3.37 3.11 3.23 2.84 3.04 1.93 1.45 1.53 1.74 1.83
0.03 0.03 0.03 0.03 0.03 0.02 0.03 0.02 0.03 0.01 0.01 0.03
54.19 54.13 54.49 54.82 54.70 56.16 55.95 57.07 57.55 55.52 54.96 54.84

* The XBRL reporting format changed from Sep'2022 onwards. The new format added details about banks and foreign portfolio investors. These were not available earlier.
The sudden increase in FII or DII might be because of these changes.

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

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