Market Cap ₹171 Cr.
Stock P/E 7.0
P/B -6.3
Current Price ₹9.8
Book Value ₹ -1.6
Face Value 1
52W High ₹16.6
Dividend Yield 0%
52W Low ₹ 3.8
Prakash Steelage Limited was established in 1996 by Prakash Chhaganlal Kanugo. It operates as a traded company specializing in the manufacturing and export of stainless steel products, like pipes, tubes, rods and sheets. The company is a subsidiary of Prakash Group, which is involved in trading, manufacturing and real estate. Their production facility in Silvassa boasts technology. Holds certifications for meeting various quality and safety standards.Prakash Steelage Limited offers a portfolio of products and services catering to industries such as petrochemicals, power generation, nuclear plants, chemicals, fertilizers and pharmaceuticals. They have successfully partnered with both international organizations including Jindal Stainless Limited, Outokumpu Stainless AB, Sandvik Asia Limited and Tubacex Group.Their clientele spans across industries and organizations including Reliance Industries Limited Indian Oil Corporation Limited Bharat Heavy Electricals Limited Larsen & Toubro Limited Nuclear Power Corporation of India Limited, among others.
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| #(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 | 9 | 9 | 12 | 16 | 17 | 20 | 27 | 29 | 25 | 26 |
| Other Income | 0 | 0 | 39 | 0 | 1 | 0 | 0 | 20 | 0 | 0 |
| Total Income | 9 | 9 | 52 | 16 | 18 | 20 | 27 | 49 | 25 | 26 |
| Total Expenditure | 8 | 10 | 11 | 14 | 16 | 19 | 25 | 28 | 24 | 25 |
| Operating Profit | 1 | -1 | 41 | 2 | 2 | 1 | 2 | 21 | 1 | 1 |
| Interest | 0 | 0 | 1 | 2 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 124 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 1 | -1 | 40 | 123 | 2 | 1 | 2 | 21 | 1 | 1 |
| Provision for Tax | 0 | 0 | 0 | -0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | 1 | -1 | 40 | 123 | 2 | 1 | 2 | 21 | 1 | 1 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -0 | 0 |
| Profit After Adjustments | 1 | -1 | 40 | 123 | 2 | 1 | 2 | 21 | 1 | 1 |
| Adjusted Earnings Per Share | 0.1 | -0.1 | 2.3 | 7.1 | 0.1 | 0 | 0.1 | 1.2 | 0 | 0.1 |
| #(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 | 793 | 944 | 1072 | 555 | 145 | 46 | 43 | 33 | 24 | 46 | 95 | 107 |
| Other Income | 10 | 4 | 12 | 13 | 19 | 3 | 22 | 1 | 1 | 40 | 2 | 20 |
| Total Income | 803 | 948 | 1085 | 568 | 164 | 48 | 65 | 33 | 25 | 86 | 97 | 127 |
| Total Expenditure | 745 | 881 | 1005 | 590 | 191 | 45 | 40 | 29 | 27 | 43 | 92 | 102 |
| Operating Profit | 58 | 67 | 79 | -22 | -27 | 4 | 25 | 4 | -1 | 43 | 4 | 25 |
| Interest | 30 | 35 | 36 | 29 | 11 | 0 | 0 | 0 | 0 | 3 | 0 | 0 |
| Depreciation | 7 | 8 | 11 | 8 | 3 | 3 | 2 | 2 | 2 | 1 | 1 | 0 |
| Exceptional Income / Expenses | 0 | 2 | -10 | -22 | -110 | -249 | -9 | -3 | 47 | 124 | 0 | 0 |
| Profit Before Tax | 21 | 25 | 21 | -81 | -151 | -248 | 14 | -1 | 44 | 163 | 3 | 25 |
| Provision for Tax | 7 | 9 | 7 | 1 | 0 | -8 | 0 | -1 | -6 | -0 | -1 | 0 |
| Profit After Tax | 14 | 17 | 14 | -81 | -152 | -241 | 14 | -0 | 51 | 164 | 4 | 25 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | 14 | 17 | 14 | -81 | -152 | -241 | 14 | -0 | 51 | 164 | 4 | 25 |
| Adjusted Earnings Per Share | 0.8 | 0.9 | 0.8 | -4.7 | -8.7 | -13.8 | 0.8 | -0 | 2.9 | 9.3 | 0.2 | 1.4 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 107% | 42% | 16% | -19% |
| Operating Profit CAGR | -91% | 0% | 0% | -23% |
| PAT CAGR | -98% | 0% | 0% | -12% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | 124% | 110% | 101% | -2% |
| ROE Average | 0% | 0% | 0% | -42% |
| ROCE Average | 0% | 0% | 0% | -29% |
| #(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 | 165 | 180 | 192 | 111 | -41 | -282 | -268 | -268 | -218 | -54 | -50 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Borrowings | 6 | 39 | 48 | 27 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 7 | 8 | 18 | 39 | 7 | 7 | 7 | 7 | 1 | 0 | -1 |
| Total Current Liabilities | 357 | 411 | 539 | 320 | 364 | 340 | 314 | 299 | 247 | 91 | 87 |
| Total Liabilities | 535 | 637 | 797 | 497 | 330 | 66 | 53 | 38 | 30 | 37 | 36 |
| Fixed Assets | 71 | 84 | 81 | 19 | 14 | 16 | 13 | 11 | 9 | 6 | 6 |
| Other Non-Current Assets | 25 | 12 | 16 | 30 | 9 | 5 | 5 | 4 | 0 | 1 | 1 |
| Total Current Assets | 439 | 541 | 700 | 447 | 308 | 44 | 35 | 23 | 20 | 31 | 30 |
| Total Assets | 535 | 637 | 797 | 497 | 330 | 66 | 53 | 38 | 30 | 37 | 36 |
| #(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 | 4 | 5 | 9 | 2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash Flow from Operating Activities | 27 | -9 | 51 | 25 | -54 | 1 | -20 | 0 | 0 | 38 | 6 |
| Cash Flow from Investing Activities | -4 | -9 | -1 | 45 | 21 | 4 | 20 | -0 | 51 | -0 | -1 |
| Cash Flow from Financing Activities | -22 | 23 | -58 | -71 | 33 | -4 | -0 | 0 | -51 | -38 | -5 |
| Net Cash Inflow / Outflow | 1 | 5 | -7 | -2 | -0 | 0 | -0 | -0 | 0 | 0 | 0 |
| Closing Cash & Cash Equivalent | 5 | 9 | 2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| # | 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) | 0.8 | 0.95 | 0.8 | -4.65 | -8.66 | -13.76 | 0.79 | -0.01 | 2.9 | 9.34 | 0.24 |
| CEPS(Rs) | 1.22 | 1.41 | 1.45 | -4.21 | -8.47 | -13.6 | 0.92 | 0.1 | 2.99 | 9.4 | 0.29 |
| DPS(Rs) | 0.1 | 0.1 | 0.05 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Book NAV/Share(Rs) | 9.43 | 10.26 | 10.97 | 6.31 | -2.34 | -16.1 | -15.32 | -15.33 | -12.44 | -3.1 | -2.87 |
| Core EBITDA Margin(%) | 5.88 | 6.53 | 6.17 | -6.19 | -31.04 | 2.4 | 6.38 | 11.18 | -9.16 | 7.86 | 2.62 |
| EBIT Margin(%) | 6.17 | 6.3 | 5.3 | -9.12 | -94.93 | -532.27 | 32.16 | -2.44 | 181.97 | 359.55 | 3.34 |
| Pre Tax Margin(%) | 2.52 | 2.63 | 1.97 | -14.17 | -102.4 | -532.38 | 32.09 | -2.59 | 181.08 | 352.7 | 3.25 |
| PAT Margin (%) | 1.72 | 1.72 | 1.29 | -14.33 | -102.46 | -516.29 | 31.96 | -0.73 | 207.47 | 353.74 | 4.37 |
| Cash Profit Margin (%) | 2.6 | 2.56 | 2.34 | -12.95 | -100.22 | -510.22 | 37.46 | 5.48 | 213.67 | 355.77 | 5.33 |
| ROA(%) | 2.63 | 2.82 | 1.96 | -12.59 | -36.65 | -121.66 | 23.23 | -0.53 | 149.94 | 486.13 | 11.24 |
| ROE(%) | 8.82 | 9.61 | 7.57 | -53.86 | -435.41 | 0 | 0 | 0 | 0 | 0 | 0 |
| ROCE(%) | 14.03 | 14.9 | 13.08 | -13.82 | -54 | -296.33 | 0 | 0 | 0 | 0 | 0 |
| Receivable days | 91.97 | 91.26 | 108.3 | 213.29 | 536.93 | 623.9 | 156.17 | 128.03 | 111.29 | 39.15 | 27.37 |
| Inventory Days | 74.34 | 74.57 | 79.21 | 100.25 | 80.15 | 104.77 | 63.14 | 102.59 | 155.93 | 116.85 | 68.32 |
| Payable days | 72.25 | 64.44 | 91.27 | 142.02 | 230.33 | 985.82 | 1093.03 | 1096.97 | 933.2 | 643.63 | 242.27 |
| PER(x) | 12.51 | 13.67 | 16.16 | 0 | 0 | 0 | 0.39 | 0 | 0.27 | 0.55 | 16.72 |
| Price/Book(x) | 1.06 | 1.26 | 1.18 | 1.27 | -0.56 | -0.02 | -0.02 | -0.01 | -0.06 | -1.66 | -1.38 |
| Dividend Yield(%) | 1 | 0.77 | 0.39 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EV/Net Sales(x) | 0.46 | 0.5 | 0.43 | 0.61 | 1.85 | 5.43 | 5.77 | 7.57 | 8.39 | 2.67 | 1.02 |
| EV/Core EBITDA(x) | 6.35 | 7.05 | 5.84 | -15.44 | -9.81 | 65.52 | 9.9 | 56.04 | -154.23 | 2.86 | 23.74 |
| Net Sales Growth(%) | 16 | 19.04 | 13.58 | -48.24 | -73.86 | -68.55 | -5.81 | -24.4 | -24.73 | 88.92 | 105.47 |
| EBIT Growth(%) | -1.69 | 20.22 | -5.02 | -190.05 | -170.73 | -76.78 | 105.57 | -105.74 | 5714.27 | 273.27 | -98.09 |
| PAT Growth(%) | -17.22 | 17.98 | -15.04 | -679.26 | -86.08 | -58.86 | 105.71 | -101.73 | 0 | 222.12 | -97.46 |
| EPS Growth(%) | -17.22 | 17.98 | -15.04 | -679.29 | -86.08 | -58.86 | 105.71 | -101.73 | 0 | 222.12 | -97.46 |
| Debt/Equity(x) | 1.24 | 1.47 | 1.28 | 1.84 | -6.05 | -0.86 | -0.91 | -0.91 | -0.88 | -0.63 | -0.58 |
| Current Ratio(x) | 1.23 | 1.32 | 1.3 | 1.4 | 0.84 | 0.13 | 0.11 | 0.08 | 0.08 | 0.33 | 0.34 |
| Quick Ratio(x) | 0.7 | 0.82 | 0.8 | 1.25 | 0.79 | 0.11 | 0.09 | 0.04 | 0.04 | 0.12 | 0.16 |
| Interest Cover(x) | 1.69 | 1.72 | 1.59 | -1.81 | -12.7 | -4744.06 | 448.22 | -16.32 | 204.51 | 52.55 | 35.75 |
| Total Debt/Mcap(x) | 1.17 | 1.17 | 1.08 | 1.45 | 10.7 | 43.38 | 44.76 | 73.07 | 14.27 | 0.38 | 0.42 |
| # | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 39.42 | 33.1 | 33.1 | 33.1 | 33.3 | 33.38 | 33.41 | 33.46 | 33.5 | 33.52 |
| FII | 2.18 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.08 |
| DII | 0.07 | 0.07 | 0.07 | 0.07 | 0.15 | 0.15 | 0.15 | 0.15 | 0.15 | 0 |
| Public | 58.33 | 66.84 | 66.84 | 66.84 | 66.55 | 66.48 | 66.44 | 66.35 | 66.32 | 66.4 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.04 | 0.04 | 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 | 6.9 | 5.79 | 5.79 | 5.79 | 5.83 | 5.84 | 5.85 | 5.86 | 5.86 | 5.87 |
| FII | 0.38 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.01 |
| DII | 0.01 | 0.01 | 0.01 | 0.01 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0 |
| Public | 10.21 | 11.7 | 11.7 | 11.7 | 11.65 | 11.63 | 11.63 | 11.61 | 11.61 | 11.62 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.01 | 0.01 | 0 |
| Total | 17.5 | 17.5 | 17.5 | 17.5 | 17.5 | 17.5 | 17.5 | 17.5 | 17.5 | 17.5 |
Pros
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