Prakash Steelage Ltd

Prakash Steelage Ltd

₹ 8.02 -0.12%
24 Apr 11:42 a.m.
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

  • Market Cap 140 Cr.
  • Current Price 8.02
  • High / Low 16.6 / 3.75
  • Stock P/E 6.13
  • Book Value -1.62
  • Dividend Yield 0.00 %
  • ROCE %
  • ROE %
  • Face Value 1.00

Pros

  • Company has reduced debt.
  • Company is expected to give good quarter
  • Debtor days have improved from 53.4 to 39.7 days.

Cons

  • Promoter holding is low: 33.5%
  • Earnings include an other income of Rs.20.3 Cr.
  • Promoter holding has decreased over last 3 years: -14.7%

* 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

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
6.38 8.95 8.76 9.07 12.38 16.01 16.72 19.57 27.32 31.37 29.04 25.14 25.86
7.88 9.65 7.56 9.87 10.88 14.27 16.08 18.83 25.31 32.26 27.83 24.10 24.58
Operating Profit -1.50 -0.70 1.20 -0.80 1.50 1.74 0.64 0.74 2.01 -0.89 1.21 1.04 1.28
OPM % -23.51% -7.82% 13.70% -8.82% 12.12% 10.87% 3.83% 3.78% 7.36% -2.84% 4.17% 4.14% 4.95%
0.18 47.01 -0.00 0.08 39.41 124.00 1.49 0.04 -0.00 0.06 20.12 0.03 0.05
Interest 0.03 0.05 0.03 0.02 0.62 2.49 0.02 0.05 0.10 -0.09 0.04 0.06 0.07
Depreciation 0.37 0.33 0.22 0.23 0.25 0.24 0.22 0.22 0.24 0.23 0.20 0.21 0.22
Profit before tax -1.72 45.93 0.95 -0.97 40.04 123.01 1.89 0.51 1.67 -0.97 21.09 0.80 1.04
Tax % -0.00% -14.06% -0.00% -0.00% -0.00% -0.39% -0.00% -0.00% -0.00% 109.28% 0.28% -0.00% 2.88%
-1.72 52.39 0.95 -0.97 40.04 123.49 1.89 0.50 1.67 0.08 21.02 0.80 1.01
EPS in Rs -0.10 2.99 0.05 -0.06 2.29 7.06 0.11 0.03 0.10 0.00 1.20 0.05 0.06
Raw PDF

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
684 793 944 1,072 555 145 46 43 32 24 46 95 111
631 745 881 1,005 590 191 44 40 29 27 40 92 109
Operating Profit 52 48 63 67 -35 -46 1 3 4 -2 6 2 3
OPM % 8% 6% 7% 6% -6% -32% 2% 6% 11% -9% 13% 3% 2%
6 10 5 2 -9 -91 -247 13 -2 48 161 2 20
Interest 24 30 35 36 29 11 0 0 0 0 3 0 0
Depreciation 7 7 8 11 8 3 3 2 2 2 1 1 1
Profit before tax 27 21 25 21 -81 -151 -248 14 -1 44 163 3 22
Tax % 37% 32% 35% 34% -1% -0% 3% 0% 71% -15% -0% -34%
17 14 17 14 -81 -152 -241 14 -0 51 164 4 23
EPS in Rs 0.97 0.80 0.95 0.80 -4.65 -8.66 -13.76 0.79 -0.01 2.90 9.34 0.24 1.31
Dividend Payout % 10% 12% 11% 6% -0% -0% -0% -0% -0% -0% -0% -0%
Compounded Sales Growth
10 Years: -19%
5 Years: 16%
3 Years: 43%
TTM: 40%
Compounded Profit Growth
10 Years: -12%
5 Years: -11%
3 Years: 13%
TTM: 542%
Stock Price CAGR
10 Years: -4%
5 Years: 93%
3 Years: 121%
1 Year: 77%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

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 18 18 18 18 18 18 18 18 18 18 18 18 18
Reserves 136 148 162 174 93 -58 -299 -286 -286 -235 -72 -68 -46
196 205 264 245 203 247 243 243 243 192 34 29 26
182 164 193 361 183 124 104 78 63 55 58 59 32
Total Liabilities 531 535 637 797 497 330 66 53 38 30 37 37 29
77 71 84 81 19 14 16 13 11 9 6 6 5
CWIP 3 14 1 1 5 6 -0 -0 -0 -0 -0 -0 0
Investments -0 -0 0 0 3 3 3 3 3 -0 -0 -0 -0
451 450 552 715 470 308 46 37 24 20 31 32 24
Total Assets 531 535 637 797 497 330 66 53 38 30 37 37 29

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
18 27 -9 51 25 -54 1 -20 0 0 38 6
-13 -4 -9 -1 45 21 4 20 -0 51 -0 -1
-13 -22 23 -58 -71 33 -4 -0 0 -51 -38 -5
Net Cash Flow -8 1 5 -7 -2 -0 0 -0 -0 0 0 0

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 112 93 108 124 196 343 183 118 100 90 31 40
Inventory Days 92 99 90 102 30 38 77 95 207 180 255 73
Days Payable 89 71 69 122 78 217 917 918 941 912 661 244
Cash Conversion Cycle 116 121 128 105 148 165 -658 -706 -634 -642 -375 -131
Working Capital Days 132 121 128 116 197 474 -430 -309 -371 -521 -217 -114
ROCE % 15% 14% 15% 15% -9% -13% 0%

Shareholding Pattern

Numbers in percentages

16 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
48.18% 48.18% 39.42% 33.10% 33.10% 33.09% 33.30% 33.38% 33.41% 33.48% 33.51% 33.52%
2.18% 2.18% 2.18% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.08%
1.98% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
0.02% 0.02% 0.07% 0.07% 0.07% 0.07% 0.15% 0.15% 0.15% 0.15% 0.15% 0.00%
47.64% 49.61% 58.33% 66.84% 66.84% 66.83% 66.56% 66.48% 66.44% 66.38% 66.34% 66.40%
No. of Shareholders 15,25122,85353,83085,38495,3131,00,13996,97993,78593,6331,06,6261,19,6121,52,747

* 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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