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Prakash Pipes Ltd (PPL)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 542684 NSE: PPL Plastic Products | Small Cap | Prakash Pipes Share Price

₹208.10 9.35 (4.70%)

As on 04-Jun'26 16:59

Prakash Pipes Ltd (PPL)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 542684 NSE: PPL Plastic Products | Small Cap | Prakash Pipes Share Price

₹208.10 9.35 (4.70%)

As on 04-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹498 Cr.
Current Price
₹208.1
52-Week Low / High
₹163 / 426
TTM EPS
₹18.1
TTM Sales
₹789 Cr.
Book Value per Share
₹195.5
P/E Ratio
11.51
Higher than its 5-year historical median
Industry PE
39
Price to Book (P/B)
1.06
Lower than its 5-year historical median
Price to Sales (P/S)
0.63
Lower than its 5-year historical median
EV/EBITDA
6.07
Higher than its 5-year historical median
Dividend Yield
0.59%
Profitability Efficiency
Return on Equity (ROE)
20.55%
Outperforms industry median
Return on Capital Employed (ROCE)
26.89%
Outperforms industry median
Return on Assets (ROA)
15.62%
Operating Profit Margin
15.9%
Net Profit Margin
10.65%
Gross Profit Margin
15.8%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
16.6%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
9.74%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-7.3%
Asset Quality
Promoter Holding
44.50%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹444 Cr.
Equity
₹23.9 Cr.
Face Value
₹10
All Time Low / High
₹21.40 / 667.90

Prakash Pipes stock performance

Key Ratios
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Quality

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Valuation

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Price Trend

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Q.1 Is Prakash Pipes Ltd a good quality company?
Prakash Pipes Ltd is a good quality company, based on a consistently good multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Prakash Pipes Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Prakash Pipes Ltd vs industry peers?
Prakash Pipes Ltd revenue CAGR is 15.17%, compared to the industry median CAGR of 4.71%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Prakash Pipes Ltd?
Promoters hold 44.50% of the Prakash Pipes Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Prakash Pipes Ltd over the last decade?
Over the last 5 year(s), the stock has delivered a CAGR of 7.13% based on the current price.

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Prakash Pipes Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 0%70.4%29.2%31.7%32.1%35.1%32.7%26.9%-
Value Creation
Index
NA4.01.11.31.31.51.30.9-

Growth Parameters

Sales 0341385476617709669780789
Sales YoY Gr.-NA13%23.6%29.5%15%-5.6%16.6%-
Adj EPS 0012.11519.525.134.235.418.1
YoY Gr.-NANA23.5%30.3%28.7%36.2%3.5%-
BVPS (₹) 10064.880.198.4116.5152.7185.5195.5
Adj Net
Profit
028.424.835.846.760.181.884.643
Cash Flow from Ops. 020.2143051.242.512073.3-
Debt/CF from Ops. 000.40.10.10.20.30.5-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales NA15.2%8.2%16.6%
Adj EPS NA23.9%22%3.5%
BVPSNA23.4%23.6%21.5%
Share Price - 2.5% 7.9% -49.4%

Key Financial Parameters

Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
052.120.522.121.923.425.420.99.5
Op. Profit
Mgn %
011.31012.312.611.716.115.98.4
Net Profit
Mgn %
08.36.47.57.68.512.210.85.5
Debt to
Equity
0000000.10.10
Working Cap
Days
04078777372817576
Cash Conv.
Cycle
01740484948484353

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales0341385476617709669780
Operating Expenses + 0302347418539626562663
Manufacturing Costs014182022333336
Material Costs0262293355468532462542
Employee Cost 013192326313540
Other Costs 014171923303344
Operating Profit 03938597783107118
Operating Profit Margin (%) -11.3%10.0%12.3%12.6%11.7%16.1%15.1%
Other Income + 05423221613
Exceptional Items 00000000
Interest 00222347
Depreciation 056811121011
Profit Before Tax 03834516789110112
Tax 010101520182029
Profit After Tax 029253647719083
PAT Margin (%) -8.4%6.4%7.5%7.6%10.1%13.4%10.7%
Adjusted EPS (₹)0.00.012.115.019.629.837.534.7
Dividend Payout Ratio (%)0%0%9.90%8%6.10%4%4.80%6.90%

Valuation of Prakash Pipes - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 089132192235279365444
Share Capital 00202424242424
Reserves 089112168211255341420
Debt +0051593634
Long Term Debt00010087
Short Term Debt0051592826
Minority Interest00000000
Trade Payables016192324254343
Others Liabilities 014-0720274455
Total Liabilities 0119156222284340489576

Fixed Assets

Net Fixed Assets +04355771016896152
Gross Block082100131166165178245
Accumulated Depreciation039455464988293
CWIP 00004597
Investments 0000004213
Inventories017305559495567
Trade Receivables032434459757587
Cash Equivalents flag 01123247121216257
Others Assets 02617131523-4-7
Total Assets 0119156222284340489576

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 0201430514212073
PBT 03834516789110112
Adjustment 0581113-4016
Changes in Working Capital 0-15-20-25-17-2920-19
Tax Paid 0-8-8-7-11-15-10-36
Cash Flow From Investing Activity + 0-20-15-33-3616-46-26
Capex 00-16-34-381100
Net Investments 000000-2930
Others 0-201124-17-56
Cash Flow From Financing Activity + 002180126-10
Net Proceeds from Shares 000260000
Net Proceeds from Borrowing 0000-0-08-1
Interest Paid 0-0-1-1-0-1-2-4
Dividend Paid 00-2-3-3-3-3-4
Others 005-44523-0
Net Cash Flow 0001516599938

Financial Ratio

PARTICULARSMar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)N/A64.3322.3922.1121.9327.7427.8520.55
ROCE (%)N/A70.3929.1531.6632.1235.0732.7226.89
Asset Turnover Ratio05.712.82.522.432.271.611.47
PAT to CFO Conversion(x)N/A0.690.560.831.090.591.330.88
Working Capital Days
Receivable Days033.9035.5033.5030.5034.504137.90
Inventory Days018.6022.2032.5033.8027.9028.5028.50
Payable Days022.4021.8021.3018.3016.9026.8029.10

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Prakash Pipes Ltd FAQs

The current trading price of Prakash Pipes on 04-Jun-2026 16:59 is ₹208.1.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 03-Jun-2026 the market cap of Prakash Pipes stood at ₹497.7 Cr

The latest P/E ratio of Prakash Pipes as of 03-Jun-2026 is 11.51.

The latest P/B ratio of Prakash Pipes as of 03-Jun-2026 is 1.06.

The 52-week high of Prakash Pipes is ₹426.0 and the 52-week low is ₹163.4.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Prakash Pipes is ₹789 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Prakash Pipes Ltd is a good quality company.

The key valuation ratios of Prakash Pipes Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Prakash Pipes Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

About Prakash Pipes Ltd

The company’s promoter, Shri Ved Prakash Agarwal, has been in the business of manufacturing PVC Pipes and Fittings since 1981. Over the years, Prakash Pipes has emerged as a trusted brand for PVC Pipes and Fittings in the market, owing to its utmost focus on quality. The company manufactures a wide range of products such as Agri Pipes, Column Pipes, Plumbing Pipes, Casing Pipes, SWR Pipes, Garden Pipes and their related Fittings.  Its products find application in irrigation, drainage, housing, and sanitation. 

The company has ventured into flexible packaging with state-of-the-art plant conforming to ISO 22000:2005, ISO 9001:2015, and BRC standards. It manufactures high performance barrier films and laminates that find application in packaging of food, beverages, oil, personal care and pharmaceutical products.

Considering the Industry trends and to further strengthen its PVC and plastic division, Prakash Pipes have forayed into Flexible Packaging to provide complete packaging solutions to its customers. A Flexible Packaging Unit has been commissioned at Kashipur, Uttarakhand for manufacturing laminates and pouches used for packaging consumer products like snacks, soaps, shampoos, etc. Its Packaging team works actively to evolve cost-effective and quality packaging solutions.

Prakash Pipes is committed towards constant innovations in irrigation, sewerage, and plumbing technologies. Innovations that meet the nation’s constantly increasing water demands. From Agri pipes to Sanitation pipes, each and every product manufactured at Prakash Pipes undergo a quality control test so as to ensure that it conforms to both international as well as Indian standards. Its plant at Kashipur, Uttarakhand, is spread across 60 acres of land area, with more than 50% area being utilized for forestation and plantation.

Business area of the company

The company is engaged in the business of PVC Pipes and Flexible Packaging.

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