Prakash Pipes Ltd

Prakash Pipes Ltd

₹ 500 -4.77%
20 Dec - close price
About

Prakash Pipes is engaged in the manufacturing of PVC pipes & fittings and packaging products. It was incorporated in June 2017 created out of a
demerger from Prakash Industries Limited. [1] [2]

Key Points

Business Segments

  • Market Cap 1,195 Cr.
  • Current Price 500
  • High / Low 668 / 311
  • Stock P/E 12.2
  • Book Value 172
  • Dividend Yield 0.36 %
  • ROCE 32.7 %
  • ROE 27.8 %
  • Face Value 10.0

Pros

  • Company has delivered good profit growth of 25.8% CAGR over last 5 years

Cons

* 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: Plastic products Industry: Plastics Products

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Quarterly Results

Figures in Rs. Crores

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
178 143 175 192 189 172 156 176 171 158 165 205 200
158 124 153 170 168 151 137 152 147 128 135 172 169
Operating Profit 20 19 22 22 22 21 19 23 24 30 30 33 31
OPM % 11% 13% 13% 11% 11% 12% 12% 13% 14% 19% 18% 16% 16%
1 1 0 18 2 1 0 1 5 4 5 5 5
Interest 0 1 1 1 1 1 0 0 0 2 1 2 2
Depreciation 3 3 3 3 3 3 2 2 2 2 3 2 3
Profit before tax 18 16 19 36 19 18 17 22 27 30 31 34 32
Tax % 30% 33% 30% 30% 33% 24% -18% 15% 15% 23% 18% 25% 25%
12 11 13 25 13 13 20 18 23 23 25 25 24
EPS in Rs 5.21 4.42 5.51 10.44 5.49 5.61 8.26 7.72 9.48 9.67 10.60 10.62 10.16
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
341 385 476 617 709 669 728
302 347 418 539 626 562 604
Operating Profit 39 38 59 77 83 107 124
OPM % 11% 10% 12% 13% 12% 16% 17%
5 4 2 3 22 16 20
Interest 0 2 2 2 3 4 7
Depreciation 5 6 8 11 12 10 10
Profit before tax 38 34 51 67 89 110 127
Tax % 25% 28% 30% 30% 20% 18%
29 25 36 47 71 90 98
EPS in Rs 28,550.00 12.12 14.97 19.57 29.81 37.48 41.05
Dividend Payout % 9% 10% 8% 6% 4% 5%
Compounded Sales Growth
10 Years: %
5 Years: 14%
3 Years: 12%
TTM: 8%
Compounded Profit Growth
10 Years: %
5 Years: 26%
3 Years: 36%
TTM: 32%
Stock Price CAGR
10 Years: %
5 Years: 49%
3 Years: 56%
1 Year: 21%
Return on Equity
10 Years: %
5 Years: 24%
3 Years: 25%
Last Year: 28%

Balance Sheet

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 20 20 24 24 24 24 24
Reserves 89 112 168 211 255 341 387
0 5 2 5 10 40 58
32 41 48 56 57 87 122
Total Liabilities 142 179 241 297 346 493 590
43 55 77 101 68 71 90
CWIP 0 0 0 4 5 9 2
Investments 0 0 0 0 0 42 58
98 124 164 191 273 371 440
Total Assets 142 179 241 297 346 493 590

Cash Flows

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
20 14 30 51 42 120
-20 -15 -33 -36 16 -46
0 2 18 0 0 26
Net Cash Flow 1 0 15 16 59 99

Ratios

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 34 41 34 35 39 41
Inventory Days 24 37 46 34 44
Days Payable 22 24 19 17 34
Cash Conversion Cycle 36 54 34 62 55 51
Working Capital Days 49 45 47 45 44 34
ROCE % 29% 32% 32% 29% 33%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
41.72% 44.09% 44.27% 44.27% 44.27% 44.27% 44.27% 44.27% 44.27% 44.27% 44.27% 44.41%
0.45% 0.23% 0.16% 0.59% 0.08% 0.08% 0.31% 0.27% 0.26% 0.37% 0.93% 2.00%
0.02% 0.02% 0.03% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.01% 0.01%
57.81% 55.65% 55.54% 55.10% 55.62% 55.63% 55.39% 55.43% 55.45% 55.32% 54.80% 53.58%
No. of Shareholders 71,82972,08677,90780,13578,61776,44073,97077,49380,01481,85479,84981,132

* 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.

Click on the line-items to see the names of individual entities.

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