Prakash Steelage Ltd

Prakash Steelage Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Prakash Steelage Ltd

₹ 7.97 -1.97%
21 Nov - close price
prakashsteelage.com BSE: 533239 NSE: PRAKASHSTL
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

Website BSE NSE
  • Market Cap ₹ 139 Cr.
  • Current Price ₹ 7.97
  • High / Low ₹ 16.6 / 5.29
  • Stock P/E 68.7
  • Book Value ₹ 0.46
  • Dividend Yield 0.00 %
  • ROCE %
  • ROE %
  • Face Value ₹ 1.00
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Pros

  • Company has reduced debt.
  • Company has delivered good profit growth of 45.3% CAGR over last 5 years

Cons

  • Stock is trading at 17.3 times its book value
  • Promoter holding is low: 33.5%
  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.37.0 Cr.
  • Promoter holding has decreased over last 3 years: -14.6%

* 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

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
9.07 12.38 16.01 16.72 19.57 27.32 31.37 29.04 25.14 25.86 25.73 16.77 19.25
9.87 10.88 14.27 16.08 18.83 25.31 32.26 27.83 24.10 24.58 25.68 17.34 19.05
Operating Profit -0.80 1.50 1.74 0.64 0.74 2.01 -0.89 1.21 1.04 1.28 0.05 -0.57 0.20
OPM % -8.82% 12.12% 10.87% 3.83% 3.78% 7.36% -2.84% 4.17% 4.14% 4.95% 0.19% -3.40% 1.04%
0.08 39.41 124.00 1.49 0.04 0.00 0.06 20.12 0.03 0.05 35.59 0.92 0.46
Interest 0.02 0.62 2.49 0.02 0.05 0.10 -0.09 0.04 0.06 0.07 0.03 0.01 0.02
Depreciation 0.23 0.25 0.24 0.22 0.22 0.24 0.23 0.20 0.21 0.22 0.23 0.20 0.23
Profit before tax -0.97 40.04 123.01 1.89 0.51 1.67 -0.97 21.09 0.80 1.04 35.38 0.14 0.41
Tax % 0.00% 0.00% -0.39% 0.00% 0.00% 0.00% -109.28% 0.28% 0.00% 2.88% 0.90% 35.71% 34.15%
-0.97 40.04 123.49 1.89 0.50 1.67 0.08 21.02 0.80 1.01 35.06 0.08 0.28
EPS in Rs -0.06 2.29 7.06 0.11 0.03 0.10 0.00 1.20 0.05 0.06 2.00 0.00 0.02
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
793 944 1,072 555 145 46 43 32 24 46 95 106 88
745 881 1,005 590 191 44 40 29 27 40 92 102 87
Operating Profit 48 63 67 -35 -46 1 3 4 -2 6 2 4 1
OPM % 6% 7% 6% -6% -32% 2% 6% 11% -9% 13% 3% 3% 1%
10 5 2 -9 -91 -247 13 -2 48 161 2 56 37
Interest 30 35 36 29 11 0 0 0 0 3 0 0 0
Depreciation 7 8 11 8 3 3 2 2 2 1 1 1 1
Profit before tax 21 25 21 -81 -151 -248 14 -1 44 163 3 58 37
Tax % 32% 35% 34% 1% 0% -3% 0% -71% -15% -0% -34% 1%
14 17 14 -81 -152 -241 14 -0 51 164 4 58 36
EPS in Rs 0.80 0.95 0.80 -4.65 -8.66 -13.76 0.79 -0.01 2.90 9.34 0.24 3.31 2.08
Dividend Payout % 12% 11% 6% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -20%
5 Years: 20%
3 Years: 63%
TTM: -22%
Compounded Profit Growth
10 Years: 4%
5 Years: 45%
3 Years: 90%
TTM: -91%
Stock Price CAGR
10 Years: -6%
5 Years: 109%
3 Years: 25%
1 Year: 46%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 18 18 18 18 18 18 18 18 18 18 18 18 18
Reserves 148 162 174 93 -58 -299 -286 -286 -235 -72 -68 -10 -9
205 264 245 203 247 243 243 243 192 34 29 0 4
164 193 361 183 124 104 78 63 55 58 59 32 24
Total Liabilities 535 637 797 497 330 66 53 38 30 37 37 40 36
71 84 81 19 14 16 13 11 9 6 6 6 6
CWIP 14 1 1 5 6 0 0 0 0 0 0 0 0
Investments 0 0 0 3 3 3 3 3 0 0 0 0 0
450 552 715 470 308 46 37 24 20 31 32 34 31
Total Assets 535 637 797 497 330 66 53 38 30 37 37 40 36

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
27 -9 51 25 -54 1 -20 0 0 38 6 29
-4 -9 -1 45 21 4 20 -0 51 -0 -1 -1
-22 23 -58 -71 33 -4 -0 0 -51 -38 -5 -29
Net Cash Flow 1 5 -7 -2 -0 0 -0 -0 0 0 0 -0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 93 108 124 196 343 183 118 100 90 31 40 41
Inventory Days 99 90 102 30 38 77 95 207 180 255 73 75
Days Payable 71 69 122 78 217 917 918 941 912 661 244 111
Cash Conversion Cycle 121 128 105 148 165 -658 -706 -634 -642 -375 -131 6
Working Capital Days 121 128 116 197 474 -430 -309 -371 -521 -217 -114 2
ROCE % 14% 15% 15% -9% -13% 0%

Shareholding Pattern

Numbers in percentages

3 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
39.42% 33.10% 33.10% 33.09% 33.30% 33.38% 33.41% 33.48% 33.51% 33.52% 33.52% 33.55%
2.18% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.08% 0.06% 0.00%
0.07% 0.07% 0.07% 0.07% 0.15% 0.15% 0.15% 0.15% 0.15% 0.00% 0.00% 0.00%
58.33% 66.84% 66.84% 66.83% 66.56% 66.48% 66.44% 66.38% 66.34% 66.40% 66.41% 66.45%
No. of Shareholders 53,83085,38495,3131,00,13996,97993,78593,6331,06,6261,19,6121,52,7471,51,9511,55,594

* 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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