Prakash Steelage Ltd

₹ 6.53 -0.31%

12 Jun - close price

prakashsteelage.com BSE: 533239 NSE: PRAKASHSTL

About

Incorporated in 1996, Prakash Steelage Ltd manufactures and exports stainless Steel tubes & pipes^[1]

Key Points

Business Overview:^[1]^[2]^[3]
PSL is an 1SO 9001-2015, ISO 14001-2004, OHSAS 18001-2007, PED Certified company and is a part of Prakash Group. It started its business with trading in stainless steel (SS) sheets, coils, plates and scrap. Currently, company manufactures stainless steel (seamless and welded) pipes and tubes and trades into stainless steel sheets and coils, etc. in Silvassa

Website BSE NSE

Market Cap ₹ 114 Cr.
Current Price ₹ 6.53
High / Low ₹ 11.1 / 5.42
Stock P/E 87.6
Book Value ₹ 0.51
Dividend Yield 0.00 %
ROCE 19.6 %
ROE 15.6 %
Face Value ₹ 1.00

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Pros

Cons

Stock is trading at 12.8 times its book value
Promoter holding is low: 33.6%
Company might be capitalizing the interest cost
Earnings include an other income of Rs.1.45 Cr.
Debtor days have increased from 45.6 to 55.5 days.

* 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

Industrials Capital Goods Industrial Products Iron & Steel Products

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
	16.01	16.72	19.57	27.32	31.37	29.04	25.14	25.86	25.73	16.77	19.25	19.24	21.31
	14.27	16.08	18.83	25.31	32.26	27.83	24.10	24.58	25.68	17.34	19.05	18.02	20.62
Operating Profit	1.74	0.64	0.74	2.01	-0.89	1.21	1.04	1.28	0.05	-0.57	0.20	1.22	0.69
OPM %	10.87%	3.83%	3.78%	7.36%	-2.84%	4.17%	4.14%	4.95%	0.19%	-3.40%	1.04%	6.34%	3.24%
	124.00	1.49	0.04	0.00	0.06	20.12	0.03	0.05	35.59	0.92	0.46	0.04	0.04
Interest	2.49	0.02	0.05	0.10	-0.09	0.04	0.06	0.07	0.03	0.01	0.02	0.07	0.00
Depreciation	0.24	0.22	0.22	0.24	0.23	0.20	0.21	0.22	0.23	0.20	0.23	0.25	0.25
Profit before tax	123.01	1.89	0.51	1.67	-0.97	21.09	0.80	1.04	35.38	0.14	0.41	0.94	0.48
Tax %	-0.39%	0.00%	0.00%	0.00%	-109.28%	0.28%	0.00%	2.88%	0.90%	35.71%	34.15%	28.72%	47.92%
	123.49	1.89	0.50	1.67	0.08	21.02	0.80	1.01	35.06	0.08	0.28	0.68	0.26
EPS in Rs	7.06	0.11	0.03	0.10	0.00	1.20	0.05	0.06	2.00	0.00	0.02	0.04	0.01
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	944.19	1,072.34	555.12	145.14	45.64	42.99	32.50	24.47	46.22	94.97	105.77	76.57
	880.82	1,005.25	590.32	190.87	44.50	40.25	28.86	26.70	40.19	92.48	102.19	75.03
Operating Profit	63.37	67.09	-35.20	-45.73	1.14	2.74	3.64	-2.23	6.03	2.49	3.58	1.54
OPM %	6.71%	6.26%	-6.34%	-31.51%	2.50%	6.37%	11.20%	-9.11%	13.05%	2.62%	3.38%	2.01%
	5.35	1.86	-8.84	-91.35	-246.53	13.45	-2.41	48.27	161.10	1.60	55.77	1.45
Interest	35.32	36.19	28.68	11.06	0.05	0.03	0.05	0.22	3.16	0.09	0.19	0.10
Depreciation	8.09	11.36	7.82	3.32	2.83	2.36	2.02	1.52	0.94	0.91	0.86	0.93
Profit before tax	25.31	21.40	-80.54	-151.46	-248.27	13.80	-0.84	44.30	163.03	3.09	58.30	1.96
Tax %	34.61%	34.30%	1.13%	0.06%	-3.02%	0.36%	-71.43%	-14.58%	-0.29%	-34.30%	0.72%	34.18%
	16.55	14.06	-81.44	-151.56	-240.76	13.74	-0.24	50.76	163.50	4.15	57.89	1.30
EPS in Rs	0.95	0.80	-4.65	-8.66	-13.76	0.79	-0.01	2.90	9.34	0.24	3.31	0.07
Dividend Payout %	10.57%	6.22%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Compounded Sales Growth
10 Years:	-23%
5 Years:	19%
3 Years:	18%
TTM:	-28%

Compounded Profit Growth
10 Years:	-23%
5 Years:	-15%
3 Years:	-69%
TTM:	-94%

Stock Price CAGR
10 Years:	-5%
5 Years:	37%
3 Years:	9%
1 Year:	-26%

Return on Equity
10 Years:	%
5 Years:	%
3 Years:	%
Last Year:	16%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	17.50	17.50	17.50	17.50	17.50	17.50	17.50	17.50	17.50	17.50	17.50	17.50
Reserves	162.04	174.45	93.01	-58.39	-299.28	-285.60	-285.85	-235.17	-71.78	-67.65	-9.78	-8.60
	264.16	244.84	203.14	247.25	242.95	242.85	242.95	192.34	33.96	28.90	0.31	4.06
	193.37	360.51	183.19	123.90	104.38	78.00	63.26	55.18	57.74	58.67	32.33	24.56
Total Liabilities	637.07	797.30	496.84	330.26	65.55	52.75	37.86	29.85	37.42	37.42	40.36	37.52
	83.95	80.91	19.37	13.68	16.30	12.61	10.82	9.43	6.33	5.88	5.52	5.42
CWIP	0.68	1.25	4.58	5.62	0.00	0.00	0.00	0.00	0.00	0.00	0.35	0.00
Investments	0.40	0.40	3.35	3.25	3.25	3.25	3.25	0.00	0.00	0.00	0.00	0.00
	552.04	714.74	469.54	307.71	46.00	36.89	23.79	20.42	31.09	31.54	34.49	32.10
Total Assets	637.07	797.30	496.84	330.26	65.55	52.75	37.86	29.85	37.42	37.42	40.36	37.52

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	-8.84	51.42	24.97	-54.35	0.55	-20.47	0.14	0.48	37.86	6.09	29.20	-3.33
	-9.26	-0.55	44.94	21.03	3.99	20.47	-0.21	50.58	-0.17	-0.53	-0.67	-0.45
	22.65	-58.32	-71.46	33.16	-4.35	-0.14	0.06	-50.86	-37.58	-5.16	-28.94	3.69
Net Cash Flow	4.55	-7.45	-1.55	-0.17	0.19	-0.14	-0.01	0.20	0.11	0.40	-0.42	-0.09

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	107.92	124.45	196.36	343.32	183.14	117.93	100.07	89.65	30.80	39.74	41.41	55.53
Inventory Days	89.89	102.18	29.85	38.48	76.73	94.79	207.18	180.26	255.37	72.88	74.80	101.48
Days Payable	69.35	121.79	77.72	216.81	917.49	918.37	941.23	912.13	661.23	243.69	110.56	114.56
Cash Conversion Cycle	128.46	104.84	148.49	164.99	-657.61	-705.65	-633.99	-642.22	-375.06	-131.07	5.64	42.45
Working Capital Days	128.05	116.13	196.56	473.74	-429.94	-309.47	-371.40	-521.02	-216.85	-113.53	1.66	29.13
ROCE %	14.59%	14.76%	-8.92%	-12.59%	0.06%							19.63%

Shareholding Pattern

Numbers in percentages

2 Recently

	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
	33.10%	33.09%	33.30%	33.38%	33.41%	33.48%	33.51%	33.52%	33.52%	33.55%	33.55%	33.56%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.08%	0.06%	0.00%	0.00%	0.00%
	0.07%	0.07%	0.15%	0.15%	0.15%	0.15%	0.15%	0.00%	0.00%	0.00%	0.00%	0.00%
	66.84%	66.83%	66.56%	66.48%	66.44%	66.38%	66.34%	66.40%	66.41%	66.45%	66.44%	66.44%
No. of Shareholders	95,313	1,00,139	96,979	93,785	93,633	1,06,626	1,19,612	1,52,747	1,51,951	1,55,594	1,65,045	1,65,630

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	48.18%	48.18%	48.18%	48.18%	48.18%	33.10%	33.38%	33.52%	33.56%
	2.18%	4.22%	2.18%	2.18%	2.18%	0.00%	0.00%	0.08%	0.00%
	5.13%	3.09%	2.75%	2.75%	2.38%	0.00%	0.00%	0.00%	0.00%
	0.00%	0.00%	0.00%	0.02%	0.02%	0.07%	0.15%	0.00%	0.00%
	44.50%	44.50%	46.88%	46.87%	47.24%	66.84%	66.48%	66.40%	66.44%
No. of Shareholders	9,792	9,690	10,489	10,520	13,598	85,384	93,785	1,52,747	1,65,630

* 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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Prakash Steelage Ltd

Prakash Steelage Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

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