Prakash Steelage Ltd

₹ 7.07 1.43%

24 Apr - 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 ₹ 123 Cr.
Current Price ₹ 7.07
High / Low ₹ 11.1 / 5.42
Stock P/E 72.6
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 15.3 times its book value
Promoter holding is low: 33.6%
Company might be capitalizing the interest cost
Earnings include an other income of Rs.37.0 Cr.

* 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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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
	12.38	16.01	16.72	19.57	27.32	31.37	29.04	25.14	25.86	25.73	16.77	19.25	19.24
	10.88	14.27	16.08	18.83	25.31	32.26	27.83	24.10	24.58	25.68	17.34	19.05	18.02
Operating Profit	1.50	1.74	0.64	0.74	2.01	-0.89	1.21	1.04	1.28	0.05	-0.57	0.20	1.22
OPM %	12.12%	10.87%	3.83%	3.78%	7.36%	-2.84%	4.17%	4.14%	4.95%	0.19%	-3.40%	1.04%	6.34%
	39.41	124.00	1.49	0.04	0.00	0.06	20.12	0.03	0.05	35.59	0.92	0.46	0.04
Interest	0.62	2.49	0.02	0.05	0.10	-0.09	0.04	0.06	0.07	0.03	0.01	0.02	0.07
Depreciation	0.25	0.24	0.22	0.22	0.24	0.23	0.20	0.21	0.22	0.23	0.20	0.23	0.25
Profit before tax	40.04	123.01	1.89	0.51	1.67	-0.97	21.09	0.80	1.04	35.38	0.14	0.41	0.94
Tax %	0.00%	-0.39%	0.00%	0.00%	0.00%	-109.28%	0.28%	0.00%	2.88%	0.90%	35.71%	34.15%	28.72%
	40.04	123.49	1.89	0.50	1.67	0.08	21.02	0.80	1.01	35.06	0.08	0.28	0.68
EPS in Rs	2.29	7.06	0.11	0.03	0.10	0.00	1.20	0.05	0.06	2.00	0.00	0.02	0.04
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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	81
	745	881	1,005	590	191	44	40	29	27	40	92	102	80
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	2.06
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:	-27%

Compounded Profit Growth
10 Years:	4%
5 Years:	45%
3 Years:	90%
TTM:	-93%

Stock Price CAGR
10 Years:	-5%
5 Years:	104%
3 Years:	9%
1 Year:	-11%

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

2 Recently

	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
	33.10%	33.09%	33.30%	33.38%	33.41%	33.48%	33.51%	33.52%	33.52%	33.55%	33.55%	33.56%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.08%	0.06%	0.00%	0.00%	0.00%
	0.07%	0.07%	0.15%	0.15%	0.15%	0.15%	0.15%	0.00%	0.00%	0.00%	0.00%	0.00%
	66.84%	66.83%	66.56%	66.48%	66.44%	66.38%	66.34%	66.40%	66.41%	66.45%	66.44%	66.44%
No. of Shareholders	95,313	1,00,139	96,979	93,785	93,633	1,06,626	1,19,612	1,52,747	1,51,951	1,55,594	1,65,045	1,65,630

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	48.18%	48.18%	48.18%	48.18%	48.18%	33.10%	33.38%	33.52%	33.56%
	2.18%	4.22%	2.18%	2.18%	2.18%	0.00%	0.00%	0.08%	0.00%
	5.13%	3.09%	2.75%	2.75%	2.38%	0.00%	0.00%	0.00%	0.00%
	0.00%	0.00%	0.00%	0.02%	0.02%	0.07%	0.15%	0.00%	0.00%
	44.50%	44.50%	46.88%	46.87%	47.24%	66.84%	66.48%	66.40%	66.44%
No. of Shareholders	9,792	9,690	10,489	10,520	13,598	85,384	93,785	1,52,747	1,65,630

* 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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Prakash Steelage Ltd

Prakash Steelage Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

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