Prakash Steelage Ltd
Incorporated in 1996, Prakash Steelage Ltd manufactures and exports stainless Steel tubes & pipes[1]
- Market Cap ₹ 71.6 Cr.
- Current Price ₹ 4.09
- High / Low ₹ 7.45 / 3.84
- Stock P/E 67.5
- Book Value ₹ 0.53
- Dividend Yield 0.00 %
- ROCE 19.6 %
- ROE 15.6 %
- Face Value ₹ 1.00
Pros
Cons
- Stock is trading at 7.65 times its book value
- Promoter holding is low: 33.6%
- 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
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 87.25 | |
| 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 | 85.13 | |
| 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 | 2.12 |
| 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% | 2.43% |
| 5.35 | 1.86 | -8.84 | -91.35 | -246.53 | 13.45 | -2.41 | 48.27 | 161.10 | 1.60 | 55.77 | 1.45 | 0.28 | |
| 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 | 0.05 |
| 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 | 0.91 |
| 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 | 1.44 |
| 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 | 1.06 | |
| 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 | 0.06 |
| 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: | 8% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | -23% |
| 5 Years: | -15% |
| 3 Years: | -69% |
| TTM: | -38% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | -7% |
| 5 Years: | 40% |
| 3 Years: | -5% |
| 1 Year: | -39% |
| 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 | Sep 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 | 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 | -8.18 |
| 264.16 | 244.84 | 203.14 | 247.25 | 242.95 | 242.85 | 242.95 | 192.34 | 33.96 | 28.90 | 0.31 | 4.06 | 2.12 | |
| 193.37 | 360.51 | 183.19 | 123.90 | 104.38 | 78.00 | 63.26 | 55.18 | 57.74 | 58.67 | 32.34 | 24.55 | 24.50 | |
| Total Liabilities | 637.07 | 797.30 | 496.84 | 330.26 | 65.55 | 52.75 | 37.86 | 29.85 | 37.42 | 37.42 | 40.37 | 37.51 | 35.94 |
| 83.95 | 80.91 | 19.37 | 13.68 | 16.30 | 12.61 | 10.82 | 9.43 | 6.33 | 5.88 | 5.52 | 5.42 | 6.74 | |
| 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 | 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 | 0.00 |
| 552.04 | 714.74 | 469.54 | 307.71 | 46.00 | 36.89 | 23.79 | 20.42 | 31.09 | 31.54 | 34.50 | 32.09 | 29.20 | |
| Total Assets | 637.07 | 797.30 | 496.84 | 330.26 | 65.55 | 52.75 | 37.86 | 29.85 | 37.42 | 37.42 | 40.37 | 37.51 | 35.94 |
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 |
| Free Cash Flow | -23.90 | 41.21 | 67.17 | -50.92 | 2.21 | -20.60 | -0.10 | 0.35 | 37.62 | 5.63 | 28.50 | -3.81 |
| CFO/OP | -6% | 86% | -74% | 118% | 50% | -746% | -57% | -25% | 630% | 250% | 811% | -185% |
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 | 74.81 | 101.47 |
| Days Payable | 69.35 | 121.79 | 77.72 | 216.81 | 917.49 | 918.37 | 941.23 | 912.13 | 661.23 | 243.69 | 110.58 | 114.61 |
| 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 | 42.39 |
| Working Capital Days | 43.44 | 51.56 | 80.84 | -148.02 | -2,372.90 | -2,371.27 | -3,099.92 | -3,389.86 | -485.03 | -224.60 | 1.14 | 10.34 |
| ROCE % | 14.59% | 14.76% | -8.92% | -12.59% | 0.06% | 19.63% |
Insights
In beta| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Direct Exports (FOB Value) INR Lakhs |
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Documents
Announcements
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Closure of Trading Window
27 Mar - Trading window closed Apr 1, 2026 until 48 hours after audited results for quarter and year ended Mar 31, 2026.
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Announcement Under Regulation 30 Of LODR - Company Update
24 Mar - Income Tax assessment order dated March 23, 2026 demands Rs.49.29 crore for AY 2024-25.
- Announcement under Regulation 30 (LODR)-Newspaper Publication 14 Feb
- Unaudited Financial Results For The Quarter Ended 31.12.2025 13 Feb
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Board Meeting Outcome for Outcome Of Board Meeting Dated 13.02.2026
13 Feb - Board approved Q3 results (31-Dec-2025): Revenue ₹2,446.51L, PAT ₹33.46L; limited review.
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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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