Prakash Industries Ltd - Stock Valuation and Financial Performance

BSE: 506022 | NSE: PRAKASH | Steel & Iron Products | Small Cap

Prakash Inds. Share Price

141.80 -4.75 -3.24%
as on 19-Mar'24 12:22

DeciZen - make an informed investing decision on Prakash Inds.

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Prakash Industries stock performance -

mw4me loader
P/E Ratio (SA):
8.27
Market Cap:
2,624.4 Cr.
52-wk low:
48.8
52-wk high:
223.7

Is Prakash Industries Ltd an attractive stock to invest in?

1. Is Prakash Industries Ltd a good quality company?

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

2. Is Prakash Industries Ltd undervalued or overvalued?

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

3. Is Prakash Industries Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Prakash Industries Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Prakash Inds.:

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 Industries Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 6.9%7.2%2.4%4.4%13.5%17.4%5.2%4.2%6.5%7.3%-
Value Creation
Index
-0.5-0.5-0.8-0.70.00.2-0.6-0.7-0.5-0.5-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 2,5972,8362,0532,1742,9353,5882,9743,2163,9293,4443,798
Sales YoY Gr.-9.2%-27.6%5.9%35%22.2%-17.1%8.2%22.2%-12.3%-
Adj EPS 12.913.61.85.924.633.36.95.39.410.617.7
YoY Gr.-5.9%-87.1%234.1%318.4%35.4%-79.3%-23.3%77.1%13.1%-
BVPS (₹) 157.6156.5158.9159.7169.6169.5169.6161.9157164.9178.3
Adj Net
Profit
17318323.781.838654411894.8168190317
Cash Flow from Ops. 314232242269476696388159350585-
Debt/CF from Ops. 33.93.43.21.711.53.51.40.9-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 3.2%3.3%5%-12.3%
Adj EPS -2.1%-15.5%15.4%13.1%
BVPS0.5%-0.6%-0.9%5%
Share Price 14% 8.9% 28.2% 172.9%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
88.31.13.815.619.54.13.35.96.610.3
Op. Profit
Mgn %
14.514.59.312.219.92211.79.8101212.6
Net Profit
Mgn %
6.76.51.23.813.215.2434.35.58.4
Debt to
Equity
0.50.40.40.40.30.20.20.20.20.2-
Working Cap
Days
93861189669678177687341
Cash Conv.
Cycle
31262923191924252423-1

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 10.30%

Net Profit is growing at healthy rate in last 3 years 15.39%

Sales growth has been subdued in last 3 years 5.01%

Sales growth is not so good in last 4 quarters at 7.81%

Latest Financials - Prakash Industries Ltd.

Standalone Consolidated
TTM EPS (₹) 17.7 21.6
TTM Sales (₹ Cr.) 3,798 2,935
BVPS (₹.) 178.3 0
Reserves (₹ Cr.) 3,013 2,504
P/BV 0.82 0.00
PE 8.27 6.79
From the Market
52 Week Low / High (₹) 48.82 / 223.70
All Time Low / High (₹) 1.25 / 354.60
Market Cap (₹ Cr.) 2,624
Equity (₹ Cr.) 179.1
Face Value (₹) 10
Industry PE 24.3

Management X-Ray of Prakash Inds.:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *56.4961.0751.6767.2974.0073.9674.3558.6232.7816.69
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Prakash Inds.

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales2,5972,8362,0532,1742,9353,5882,9743,2163,9293,444
Operating Expenses 2,2212,4271,8621,9102,3512,8002,6252,9013,5383,031
Manufacturing Costs256252202213237389339318338255
Material Costs1,7691,9531,4601,4821,8472,1281,9722,2972,9012,505
Employee Cost 122142144155196212242230229219
Other Costs 74795661707172577051
Operating Profit 376410191263584788349315391413
Operating Profit Margin (%) 14.5%14.5%9.3%12.1%19.9%22.0%11.7%9.8%9.9%12.0%
Other Income 485315878811
Interest 586171758910293747382
Depreciation 11898102103121134145154158152
Exceptional Items 0-249000-60000
Profit Before Tax 2049238838855311895169190
Tax 300072130000
Profit After Tax 1739238138653911895169190
PAT Margin (%) 6.7%0.3%1.1%3.7%13.2%15.0%4.0%3.0%4.3%5.5%
Adjusted EPS (₹)12.90.71.75.824.633.06.95.39.410.6
Dividend Payout Ratio (%)8%0%0%0%0%4%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 2,2332,2052,1372,2212,6602,7692,9042,8992,8122,954
Share Capital 134134134139157163171179179179
Reserves 2,0982,0712,0032,0822,5042,6052,7332,7202,6332,775
Minority Interest0000000000
Debt725760626722716587505490388423
Long Term Debt702630545578601436371353290225
Short Term Debt231308114311515113413798198
Trade Payables50778997140148144157151203
Others Liabilities 444402510222215312312338561671
Total Liabilities 3,4523,4453,3623,2623,7323,8163,8663,8843,9124,251

Fixed Assets

Gross Block2,8672,9842,8312,8743,7823,6814,4814,5984,7195,045
Accumulated Depreciation1,1201,2511,1961,2961,4041,3241,4691,6221,7801,927
Net Fixed Assets1,7471,7331,6351,5782,3772,3573,0132,9762,9393,118
CWIP 8939449551,14169071017112246172
Investments 35220000000
Inventories233194183188251233137294348312
Trade Receivables87978076991501951436697
Cash Equivalents 2136202847445945211298
Others Assets436439487250268320292305302255
Total Assets 3,4523,4453,3623,2623,7323,8163,8663,8843,9124,251

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 314232242269476696388159350585
PBT 2049238838855311895169190
Adjustment 174407168176201237239224227228
Changes in Working Capital -3975679-66-5432-161-40172
Tax Paid -24-25-1-4-47-46-10-6-5
Cash Flow From Investing Activity -230-109-149-248-480-535-248-129-299-545
Capex -214-177-155-227-474-535-249-133-138-457
Net Investments -20331-24-20-6-6-2-164-98
Others 435531467639
Cash Flow From Financing Activity -88-108-103-1410-169-126-43-59-38
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid -58-35-54-37-83-92-91-46-60-63
Dividend Paid -15-150000-21000
Others -15-57-502293-77-152025
Net Cash Flow -515-1077-814-13-82
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)8.470.441.13.7215.8319.864.173.295.916.61
ROCE (%)8.772.33.165.4114.3818.536.034.877.168.08
Asset Turnover Ratio0.860.920.670.730.860.950.770.831.010.84
PAT to CFO Conversion(x)1.8225.7810.523.321.231.293.291.672.073.08
Working Capital Days
Receivable Days1111141211132119109
Inventory Days28253028272523243035
Payable Days10122123232527241926

Prakash Industries Ltd Stock News

Prakash Industries Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Prakash Inds. on 19-Mar-2024 12:22 is ₹141.8.
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 19-Mar-2024 12:22 the market cap of Prakash Inds. stood at ₹2,624.4.
The latest P/E ratio of Prakash Inds. as of 19-Mar-2024 12:22 is 8.27.
The latest P/B ratio of Prakash Inds. as of 19-Mar-2024 12:22 is 0.82.
The 52-week high of Prakash Inds. is ₹223.7 and the 52-week low is ₹48.82.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Prakash Inds. is ₹3,798 ( Cr.) .

About Prakash Industries Ltd

Prakash Industries incorporated in 1980, has diverse range of business. Being part of Surya Roshni group, company is founded by Shri B.D.Agarwal. The company has received various certifications such as ISO 9001:2000, ISO-14001:2004 and OHSAS-18001:2007 for its Quality management.

Business areas

Mining and Crushing- Company’s mining and crushing division is located in District Sundargarh of Orissa. Company has received iron ore mines namely Nergaon and Metabodali by the state Government located in state of Orissa. Company owns two captive coal blocks namely Chotia and Madanpur in Hasdeo-Arand coal fields.

Sponge Iron- Company manufactures sponge iron that has high metallic iron content with a consistent quality. It manufactures Sponge Iron from Rotary Kilns and waste gases generating from Rotary Kilns are utilized for generation of power in its captive power unit.

Steel Blooms/Billets/ Ingots- Company manufactures steel through Induction Furnace process for this the raw materials required are Sponge Iron, Pig Iron and MS scrap. Company produces blooms and billets of different sizes.

Steel Structural- Company’s Raipur Plant is engaged in manufacturing of steel structural of different. Under this it produces medium flange beams, heavy weight beams / columns, medium weight channels (sloping flange) and equal leg angle sections.

Wire Rods and HB wires- Company Raipur unit has manufacturing capacity of 180000 TPA of wire rod. It manufactures wire rods 5.5 mm and 8mm of diameter. Company HB wire manufacturing capacity is 60000 TPA ranging from 6 gauge to 14 Gauge.

Ferro Alloys- Company manufactures a ferro alloy which is produced in submerged Arc furnaces. Company produces this products ranging from 10 to 150 mm.

PVC Pipes- Company manufactures PVC pipes catering various segments such as irrigation, sewerages and other purposes. Company’s production facilities are located at Kashipur (Uttaranchal) and Rayya (Punjab) and have a combined capacity of 15000 MTPA.

Export- Company exports iron ore and silico manganese for which the units are located at Haldia and Champa.

Awards

Prakash Industries Ltd. has bagged many prestigious awards like:-

  •  -Greentech Enviroment Silver Award 2011 in Metal & Mining sector for outstanding achievement in Environment Management at Champa, Chhattisgarh
  • -Green Tech Safety Award 2010 for the integrated steel plant at champa by Greentech Foundation
  • -Green Tech Safety Award 2010 for the Captive Coal Mines at Chotia by Greentech Foundation
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