Prakash Inds.

₹154.7 -0.1 | 0%

WEBSITE BSE:506022 NSE : PRAKASH IND. 10 May, 16:01

Market Cap ₹2770 Cr.

Stock P/E 9.1

P/B 0.9

Current Price ₹154.7

Book Value ₹ 178.3

Face Value 10

52W High ₹223.7

Dividend Yield 0%

52W Low ₹ 54.7

Edit Ratio

Prakash Inds. Research see more...

Overview Inc. Year: 1980Industry: Steel & Iron Products

Prakash Industries Ltd is engaged in the production of ferro alloys, MS TMT/MS Coil and allied merchandise, HB Wire Rod, and PVC Pipe and Sockets. The Company's segments include Power, Steel and PVC Pipe. The Company's product variety includes Sponge Iron, Power, Wire Rod, thermo mechanically treated (TMT) bars and Rigid polyvinyl chloride (PVC) Pipes. The Company produces Steel Billets/Blooms inside the Steel Melting Shop. The Company's Wire Rod production and Wire Drawing centres (HB Wire) at Raipur are used for manufacturing wire rod of sizes 5.0 millimeters (mm), 5.5 mm, 6.5 mm, 7 mm, 8 mm and 10 mm, and HB cord of sizes 6 gauge to 14 gauge. The Company's merchandise are used for various programs, consisting of binding cord, barbed wire for fencing, armored sealed wire for heavy electric cables, nut bolts, nails, screws, alpine, wire ropes and mesh. The Company's plant life are located in Champa, District Janjgir-Champa, and Raipur in Chhattisgarh.

Prakash Inds. Share Price

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Price: NSE50 DMA200 DMAVolume

Quarterly Price

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Peer Comparison

Prakash Inds. Quarterly Results

#(Fig in Cr.)	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Jun 2023	Sep 2023	Dec 2023
Net Sales	1031	894	847	1157	895	777	761	1013	889	885
Other Income	3	1	3	2	2	3	3	30	16	7
Total Income	1034	895	850	1159	897	780	764	1043	905	892
Total Expenditure	934	794	760	1050	795	674	659	895	761	762
Operating Profit	99	101	90	109	103	106	104	148	144	130
Interest	19	18	18	17	22	23	21	19	17	12
Depreciation	39	40	40	39	38	38	38	39	38	38
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	41	43	32	53	43	44	45	89	89	81
Provision for Tax	0	0	0	0	0	0	0	0	0	0
Profit After Tax	41	43	32	53	43	44	45	89	89	81
Adjustments	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	41	43	32	53	43	44	45	89	89	81
Adjusted Earnings Per Share	2.3	2.4	1.8	2.9	2.4	2.5	2.5	5	5	4.5

Prakash Inds. Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	2511	2597	2836	2053	2174	2935	3588	2974	3216	3929	3444	3548
Other Income	2	4	8	5	3	15	8	7	8	8	11	56
Total Income	2513	2600	2844	2058	2177	2950	3595	2981	3224	3937	3455	3604
Total Expenditure	2185	2221	2427	1862	1910	2351	2800	2625	2901	3538	3031	3077
Operating Profit	329	379	418	196	266	598	795	356	323	399	425	526
Interest	55	58	61	71	75	89	102	93	74	73	82	69
Depreciation	106	118	98	102	103	121	134	145	154	158	152	153
Exceptional Income / Expenses	0	0	-249	0	0	0	-6	0	0	0	0	0
Profit Before Tax	167	204	9	23	88	388	553	118	95	169	190	304
Provision for Tax	2	30	0	0	7	2	13	0	0	0	0	0
Profit After Tax	165	173	9	23	81	386	539	118	95	169	190	304
Adjustments	0	0	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	165	173	9	23	81	386	539	118	95	169	190	304
Adjusted Earnings Per Share	12.3	12.9	0.7	1.7	5.8	24.6	33	6.9	5.3	9.4	10.6	17

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	-12%	5%	3%	3%
Operating Profit CAGR	7%	6%	-7%	3%
PAT CAGR	12%	17%	-13%	1%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	183%	16%	17%	7%
ROE Average	7%	5%	8%	7%
ROCE Average	8%	7%	9%	8%

Prakash Inds. Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	2094	2233	2205	2137	2221	2736	2854	2904	2899	2812	2954
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	789	702	630	545	578	601	436	371	353	290	225
Other Non-Current Liabilities	96	101	99	113	-125	-126	-86	42	94	181	180
Total Current Liabilities	284	416	511	567	588	522	613	549	538	628	893
Total Liabilities	3261	3452	3445	3362	3262	3732	3816	3866	3884	3912	4251
Fixed Assets	1719	1747	1733	1635	1578	2377	2357	3013	2976	2939	3118
Other Non-Current Assets	1158	1275	1318	1316	1270	826	847	297	209	125	255
Total Current Assets	384	431	394	411	413	529	611	556	699	847	878
Total Assets	3261	3452	3445	3362	3262	3732	3816	3866	3884	3912	4251

Prakash Inds. Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	50	25	21	20	9	17	23	16	30	17	8
Cash Flow from Operating Activities	193	314	232	242	269	476	696	388	159	350	585
Cash Flow from Investing Activities	-133	-230	-109	-149	-248	-480	-535	-248	-129	-299	-545
Cash Flow from Financing Activities	-85	-88	-108	-103	-14	10	-169	-126	-43	-59	-38
Net Cash Inflow / Outflow	-24	-5	15	-10	7	7	-8	14	-13	-8	2
Closing Cash & Cash Equivalent	25	21	36	9	17	23	16	30	17	8	10

Prakash Inds. Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	12.26	12.88	0.69	1.74	5.83	24.62	33.01	6.9	5.32	9.42	10.64
CEPS(Rs)	20.17	21.63	8.02	9.31	13.23	32.33	41.21	15.36	13.91	18.24	19.11
DPS(Rs)	1	1	0	0	0	0	1.2	0	0	0	0
Book NAV/Share(Rs)	146.31	157.6	156.49	158.93	159.72	169.59	169.49	169.58	161.9	157.04	164.94
Core EBITDA Margin(%)	11.67	12.98	12.97	8.39	10.89	19.41	21.96	11.73	9.78	9.95	12
EBIT Margin(%)	7.96	9.04	2.22	4.14	6.77	15.88	18.25	7.09	5.25	6.15	7.92
Pre Tax Margin(%)	5.98	7.04	0.3	1.03	3.66	12.92	15.4	3.97	2.96	4.3	5.53
PAT Margin (%)	5.9	5.98	0.3	1.02	3.35	12.85	15.03	3.97	2.96	4.29	5.53
Cash Profit Margin (%)	9.71	10.05	3.41	5.49	7.62	16.87	18.77	8.85	7.75	8.31	9.94
ROA(%)	5.12	5.16	0.27	0.69	2.45	11.05	14.29	3.08	2.46	4.33	4.67
ROE(%)	8.71	8.47	0.44	1.1	3.72	15.83	19.86	4.17	3.29	5.91	6.61
ROCE(%)	7.83	8.77	2.3	3.16	5.41	14.38	18.53	6.03	4.87	7.16	8.08
Receivable days	11.82	11.08	10.61	14.15	11.81	10.63	12.68	21.19	19.17	9.72	8.65
Inventory Days	25.08	27.65	24.65	30.13	27.99	26.62	24.63	22.72	24.45	29.81	34.95
Payable days	8.85	10.1	11.89	20.76	22.89	23.46	24.77	27.06	23.94	19.39	25.78
PER(x)	2.94	3.51	51.12	17.23	13.23	6.87	2.73	2.83	13.96	8.1	4.78
Price/Book(x)	0.25	0.29	0.23	0.19	0.48	1	0.53	0.12	0.46	0.49	0.31
Dividend Yield(%)	2.77	2.21	0	0	0	0	1.33	0	0	0	0
EV/Net Sales(x)	0.55	0.59	0.48	0.59	0.88	1.17	0.58	0.29	0.57	0.42	0.32
EV/Core EBITDA(x)	4.21	4.06	3.25	6.14	7.17	5.72	2.63	2.38	5.7	4.1	2.63
Net Sales Growth(%)	19.17	3.41	9.23	-27.61	5.85	35.03	22.24	-17.11	8.15	22.17	-12.34
EBIT Growth(%)	-23.31	17.59	-73.2	34.74	73.05	192.23	37.14	-67.78	-19.95	43.02	12.98
PAT Growth(%)	-38.51	5.02	-94.61	150.32	246.45	376.85	39.6	-78.08	-19.34	76.99	12.9
EPS Growth(%)	-38.51	5.02	-94.61	150.31	235.09	322.66	34.07	-79.09	-22.86	76.99	12.9
Debt/Equity(x)	0.47	0.45	0.43	0.38	0.39	0.31	0.24	0.2	0.19	0.17	0.17
Current Ratio(x)	1.36	1.03	0.77	0.72	0.7	1.01	1	1.01	1.3	1.35	0.98
Quick Ratio(x)	0.63	0.47	0.39	0.4	0.38	0.53	0.62	0.76	0.75	0.8	0.63
Interest Cover(x)	4.02	4.52	1.15	1.33	2.18	5.36	6.41	2.27	2.3	3.32	3.31
Total Debt/Mcap(x)	1.9	1.57	1.91	2.04	0.81	0.31	0.45	1.71	0.42	0.35	0.56

Prakash Inds. Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	40.98	42.94	43.29	43.29	43.31	43.31	44.11	44.24	44.24	44.24
FII	1.45	1.53	1.74	1.83	1.92	3.42	3.57	6.35	5.9	4.91
DII	0.03	0.01	0.01	0.03	0.03	0.03	0.03	0.01	0.01	0.09
Public	57.55	55.52	54.96	54.85	54.74	53.24	52.29	49.4	49.85	50.75
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	7.34	7.69	7.75	7.75	7.76	7.76	7.9	7.92	7.92	7.92
FII	0.26	0.27	0.31	0.33	0.34	0.61	0.64	1.14	1.06	0.88
DII	0	0	0	0	0	0	0	0	0	0.02
Public	10.31	9.94	9.84	9.82	9.8	9.53	9.36	8.85	8.93	9.09
Others	0	0	0	0	0	0	0	0	0	0
Total	17.91	17.91	17.91	17.91	17.91	17.91	17.91	17.91	17.91	17.91

Pros

Stock is trading at 0.9 times its book value
Company has reduced debt.
Company is almost debt free.

Cons

Promoter holding is low: 44.24%.
Company has a low return on equity of 5% over the last 3 years.
Debtor days have increased from 19.39 to 25.78days.
The company has delivered a poor profit growth of -13% over past five years.

* 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.

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Prakash Inds.

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Prakash Inds. Research see more...

Overview Inc. Year: 1980Industry: Steel & Iron Products

Prakash Inds. Share Price

Alert Data

Quarterly Price

Peer Comparison

Prakash Inds. Quarterly Results

Prakash Inds. Profit & Loss

Growth Rates

Prakash Inds. Balance Sheet

Prakash Inds. Cash Flow

Prakash Inds. Ratios

Prakash Inds. Shareholding Pattern

Prakash Inds. News

Top Unlisted Companies & InstaBuy Companies

Electrosteel Steel Ltd

IPO

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