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Pradeep Metals Overview

1. Business Overview

Pradeep Metals Ltd. operates in the Engineering - Industrial Equipments sector in India. Based on its name and industry, the company is likely involved in the manufacturing, fabrication, and supply of metal-based components, parts, and possibly complete industrial equipment. Its core business model would involve designing, engineering, and producing these specialized metal products for other industries. The company primarily makes money by selling these engineered products and equipment to business clients across various industrial sectors that require robust and specialized metal solutions for their operations or infrastructure projects.

2. Key Segments / Revenue Mix

Specific segment details are not available. However, typical segmentation for an industrial equipment company could include:

Product Lines: Manufacturing specific types of metal components (e.g., forgings, castings, custom fabricated parts, valves, pumps, heat exchangers).

End-User Industries: Serving sectors such as Power, Oil & Gas, Chemicals, Pharmaceuticals, Infrastructure, Automotive, or General Manufacturing.

Geographic: Domestic sales versus exports.

Without further data, the exact revenue mix remains undefined.

3. Industry & Positioning

The Indian Engineering - Industrial Equipments industry is characterized by a mix of large integrated players and numerous small-to-medium enterprises (SMEs). It is highly cyclical, driven by capital expenditure (Capex) cycles in client industries and government infrastructure spending. Competition is robust, with domestic players vying against each other and, in some niches, against international manufacturers. Pradeep Metals Ltd.'s positioning would depend on its specific product specializations, technological capabilities, quality certifications, cost-effectiveness, and established customer relationships within its chosen niches. Given the "Metals" in its name, it likely has expertise in metal processing and fabrication.

4. Competitive Advantage (Moat)

Without specific details, potential competitive advantages for Pradeep Metals Ltd. could include:

Specialized Expertise & Technical Know-how: Proficiency in complex metal processing, precision engineering, or niche product manufacturing.

Quality & Reliability: A reputation for producing high-quality, durable, and reliable components critical for industrial applications, potentially backed by specific industry certifications (e.g., ISO, ASME, API).

Customer Relationships & Switching Costs: Long-standing relationships with key industrial clients, offering customized solutions, and becoming an integrated part of their supply chain can create high switching costs.

Cost Efficiency: Efficient manufacturing processes and a localized supply chain could offer a cost advantage in certain product categories.

5. Growth Drivers

Key factors that can drive growth for Pradeep Metals Ltd. over the next 3-5 years include:

Infrastructure Development: Government and private sector investment in roads, railways, ports, power, and urban infrastructure.

"Make in India" Initiative: Increased domestic manufacturing activity across various industrial sectors boosting demand for capital goods and components.

Industrial Capital Expenditure Revival: A pickup in private sector Capex cycle, leading to expansion and modernization projects by client industries.

Export Opportunities: Leveraging cost competitiveness and quality to tap into global markets for specialized metal components and equipment.

Technological Upgrades & Customization: Demand for advanced, energy-efficient, or highly customized equipment and parts.

6. Risks

Economic Cyclicality: The industrial equipment sector is highly sensitive to economic downturns and fluctuations in client industry Capex.

Raw Material Price Volatility: Significant exposure to price changes in metals (steel, aluminum, alloys) and energy, which can impact profitability.

Intense Competition: The fragmented nature of the industry can lead to price wars and margin pressure.

Technological Obsolescence: Failure to invest in new manufacturing technologies or product development could erode competitiveness.

Client Concentration: Over-reliance on a few large clients could pose a risk if those relationships deteriorate or if client projects are delayed/cancelled.

Regulatory Changes: Changes in environmental, manufacturing, or import/export regulations could impact operations and costs.

7. Management & Ownership

Given the company name "Pradeep Metals Ltd." and common corporate structures in India, it is likely a promoter-driven company. "Pradeep" could refer to the founder or a prominent family member involved in its establishment and ongoing management. Ownership is typically concentrated with the promoter family or group, with a portion of shares potentially held by the public if listed on an exchange. Without specific information, a detailed assessment of management quality, experience, or corporate governance cannot be made.

8. Outlook

Pradeep Metals Ltd. operates in a sector poised to benefit from India's broad industrial growth and infrastructure push. The demand for specialized metal components and industrial equipment is expected to remain robust, driven by "Make in India" and domestic Capex. The company's ability to maintain high-quality standards, develop specialized products, and nurture strong customer relationships will be key to its success. However, the business remains susceptible to economic downturns, volatility in raw material prices, and intense competition. Its future performance will largely depend on navigating these cyclical challenges, continuous technological upgrades, and judicious expansion into profitable niches within the industrial equipment value chain.

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Pradeep Metals Key Financials

Market Cap ₹667 Cr.

Stock P/E 24.6

P/B 4.4

Current Price ₹386.4

Book Value ₹ 88.6

Face Value 10

52W High ₹410

Dividend Yield 0.65%

52W Low ₹ 205

Pradeep Metals Share Price

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Volume
Price

Pradeep Metals Quarterly Price

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Pradeep Metals Quarterly Results

#(Fig in Cr.) Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Net Sales 68 79 71 74 79 87 78 86 84 91
Other Income 1 1 3 1 1 1 1 0 1 1
Total Income 68 80 74 75 80 88 79 86 85 92
Total Expenditure 56 66 61 62 68 74 67 71 71 74
Operating Profit 13 14 13 12 12 14 12 15 13 18
Interest 2 2 2 2 2 2 2 2 2 2
Depreciation 2 2 2 2 3 3 3 3 2 2
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 8 10 9 8 8 10 7 10 9 13
Provision for Tax 2 2 2 2 1 3 2 3 2 3
Profit After Tax 7 8 7 6 7 7 6 7 7 10
Adjustments -0 0 -0 -0 -0 0 0 0 0 0
Profit After Adjustments 7 8 7 6 7 7 6 7 7 10
Adjusted Earnings Per Share 4 4.5 4 3.7 3.8 4.1 3.2 4.3 4.1 6

Pradeep Metals Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 141 143 132 162 191 195 156 221 268 277 312 339
Other Income 2 2 2 2 1 2 2 5 3 4 6 3
Total Income 143 145 133 164 193 197 158 225 270 280 318 342
Total Expenditure 123 132 121 143 164 167 131 187 222 235 265 283
Operating Profit 20 13 12 21 29 30 27 39 48 45 52 58
Interest 4 8 6 7 8 8 5 5 7 7 8 8
Depreciation 3 5 4 6 6 8 8 8 8 10 10 10
Exceptional Income / Expenses 0 0 -2 0 0 -3 -3 -1 -1 0 0 0
Profit Before Tax 13 0 -0 8 14 12 11 25 32 28 35 39
Provision for Tax 5 1 3 4 5 4 3 5 6 6 8 10
Profit After Tax 9 -1 -3 5 9 8 8 20 26 22 27 30
Adjustments -1 1 4 0 0 0 0 0 0 0 0 0
Profit After Adjustments 8 1 1 5 9 8 8 20 26 22 27 30
Adjusted Earnings Per Share 4.8 0.4 0.7 2.6 5.4 4.4 4.7 11.6 15.2 12.9 15.7 17.6

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 13% 12% 10% 8%
Operating Profit CAGR 16% 10% 12% 10%
PAT CAGR 23% 11% 28% 12%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 59% 33% 55% 22%
ROE Average 22% 25% 24% 17%
ROCE Average 22% 22% 20% 16%

Pradeep Metals Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 38 37 38 39 47 49 58 75 94 114 137
Minority's Interest 4 4 1 0 0 0 0 0 0 0 0
Borrowings 10 24 25 35 30 20 24 25 21 19 17
Other Non-Current Liabilities 4 6 7 7 7 6 4 4 4 5 6
Total Current Liabilities 102 85 97 82 95 90 69 89 90 102 107
Total Liabilities 158 156 168 164 180 165 155 194 209 240 267
Fixed Assets 47 59 62 62 61 68 59 70 72 86 100
Other Non-Current Assets 13 10 14 10 17 8 7 9 16 13 11
Total Current Assets 98 87 91 92 102 88 89 114 121 142 157
Total Assets 158 156 168 164 180 165 155 194 209 240 267

Pradeep Metals Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 0 2 3 4 2 4 2 2 3 2 5
Cash Flow from Operating Activities 0 10 12 14 19 35 25 12 37 32 33
Cash Flow from Investing Activities -20 -12 -13 -3 -12 -8 -1 -21 -19 -18 -19
Cash Flow from Financing Activities 21 4 1 -12 -5 -29 -23 9 -20 -10 -14
Net Cash Inflow / Outflow 2 1 0 -2 2 -2 0 1 -2 3 0
Closing Cash & Cash Equivalent 2 3 4 2 4 2 2 3 2 5 5

Pradeep Metals Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 4.8 0.43 0.67 2.62 5.41 4.44 4.68 11.57 15.19 12.9 15.73
CEPS(Rs) 6.75 2.3 0.99 6 9.03 8.81 9.16 16.03 20.1 18.52 21.35
DPS(Rs) 1.2 0.6 0 0 1 1 1 1.5 2 2 2.5
Book NAV/Share(Rs) 21.92 21.39 22 22.72 27.11 28.42 33.43 43.52 54.68 65.96 79.45
Core EBITDA Margin(%) 12.68 7.29 7.79 11.43 14.4 14.52 15.71 15.53 17.14 14.99 14.95
EBIT Margin(%) 12.2 5.52 4.6 9.37 11.69 9.94 10.12 13.49 14.53 12.83 13.67
Pre Tax Margin(%) 9.28 0.26 -0.1 4.95 7.41 6.03 7.21 11.28 12.08 10.21 11.18
PAT Margin (%) 6.16 -0.48 -2.04 2.78 4.88 3.92 5.18 9.05 9.79 8.05 8.71
Cash Profit Margin (%) 8.04 2.72 1.25 6.35 8.15 7.79 10.14 12.54 12.96 11.56 11.82
ROA(%) 6.84 -0.44 -1.72 2.73 5.42 4.44 5.06 11.46 13.03 9.93 10.71
ROE(%) 25.01 -1.86 -7.42 11.73 21.7 15.98 15.13 30.06 30.93 21.39 21.64
ROCE(%) 18.64 6.93 4.91 11.6 16.26 14 12.37 21.51 24.11 20.11 21.69
Receivable days 91.25 95.67 103.05 96.25 83.41 80.75 96.96 76.72 71.6 79.29 83.67
Inventory Days 97.54 100.7 96.69 80.91 76.9 77.3 91.21 74.08 74.75 78.95 74.52
Payable days 101.94 111.69 99.34 93.84 74.64 63.69 87.58 77.78 77.77 90.53 102.8
PER(x) 9.83 112.86 98.92 34.97 12.93 9.09 7.59 7.84 11.38 16.66 14.96
Price/Book(x) 2.15 2.29 3 4.04 2.58 1.42 1.06 2.08 3.16 3.26 2.96
Dividend Yield(%) 2.55 1.22 0 0 1.43 2.48 2.82 1.65 1.16 0.93 1.06
EV/Net Sales(x) 1.07 1.18 1.54 1.54 1.11 0.78 0.78 1.06 1.38 1.58 1.51
EV/Core EBITDA(x) 7.41 13.12 16.53 11.79 7.44 5 4.6 6.01 7.62 9.69 9
Net Sales Growth(%) 25.15 1.03 -7.58 23 18.17 1.98 -20.1 41.54 21.3 3.3 12.72
EBIT Growth(%) 46.64 -54.22 -22.7 144.11 46.62 -13.31 -18.64 88.65 30.61 -8.74 20.08
PAT Growth(%) 56.62 -107.8 -298.84 263.02 106.12 -17.94 5.5 147.14 31.31 -15.04 21.94
EPS Growth(%) 45.34 -90.95 53.67 293.07 106.12 -17.94 5.5 147.14 31.31 -15.04 21.94
Debt/Equity(x) 1.91 2.35 2.46 2.36 2.06 1.73 1.1 1.07 0.77 0.63 0.51
Current Ratio(x) 0.96 1.02 0.94 1.12 1.06 0.98 1.29 1.28 1.35 1.38 1.47
Quick Ratio(x) 0.54 0.57 0.59 0.66 0.62 0.54 0.74 0.7 0.7 0.78 0.86
Interest Cover(x) 4.18 1.05 0.98 2.12 2.73 2.54 3.47 6.09 5.93 4.89 5.48
Total Debt/Mcap(x) 0.89 1.03 0.82 0.59 0.8 1.22 1.04 0.51 0.24 0.19 0.17

Pradeep Metals Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 73.48 73.48 73.48 73.48 73.48 73.48 73.48 73.48 73.48 73.48
FII 0 0 0 0 0 0 0 0 0 0
DII 0 0 0 0 0 0 0 0 0 0.08
Public 26.52 26.52 26.52 26.52 26.52 26.52 26.52 26.52 26.52 26.43
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Pradeep Metals News

Pradeep Metals Pros & Cons

Pros

  • Company has delivered good profit growth of 27% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 25%
  • Company has reduced debt.

Cons

  • Debtor days have increased from 90.53 to 102.8days.
  • Stock is trading at 4.4 times its book value.
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