Prakash Industries Ltd Stock Analysis

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

BSE Share Price 06-Dec-2022 18:01
56.35 -0.95 (-1.66%)

DeciZen - Make an Informed Decision on Prakash Inds.

Overall Rating

1. Quality

2. Valuation

Somewhat Undervalued

3. Price Trend

Prakash Inds. Price Chart

P/E Ratio (SA) :
5.86
Market Cap :
1,009.1 Cr.
52-wk low :
45.4
52-wk high :
87.5
Bole Toh?

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 Somewhat Undervalued 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'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 6.9%6.9%7.2%2.4%4.4%13.5%17.4%5.2%4.2%6.5%-
Value Creation Index -0.5-0.5-0.5-0.8-0.7-0.00.2-0.6-0.7-0.5-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 2,5112,5972,8362,0532,1742,9353,5882,9743,2163,9293,677
YoY Gr. Rt. %-3.4%9.2%-27.6%5.9%35%22.2%-17.1%8.2%22.2%-
Adj EPS 12.312.913.61.85.924.633.36.95.39.49.6
YoY Gr. Rt. %-5%5.9%-87.1%234.1%318.4%35.4%-79.3%-23.3%77.1%-
BVPS (₹) 146.3157.6156.5158.9159.7169.6169.5169.6161.9157161.4
Adj Net Profit 16517318323.781.838654411894.8168172
Cash Flow from Ops. 193314232242269476696388159350-
Debt/CF from Ops. 4.833.93.43.21.711.53.51.4-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 5.1%12.6%3.1%22.2%
Adj EPS -2.9%9.8%-34.5%77.1%
BVPS 0.8-0.3-2.5-3
Share Price 1.1% -16.9% 8.8% -4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 8.188.31.13.815.619.54.13.35.96
Op. Profit Mgn % 1314.514.59.312.219.92211.79.81010.8
Net Profit Mgn % 6.66.76.51.23.813.215.2434.34.7
Debt to Equity 0.50.50.40.40.40.30.20.20.20.20.1
Working Cap Days 879386118966967817768100
Cash Conv. Cycle 3031262923191924252412

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 6.00%

Sales growth has been subdued in last 3 years 3.07%

Net Profit has been subdued in last 3 years -34.48%

Sales growth is not so good in last 4 quarters at -4.74%

Latest Financials - Prakash Industries Ltd.

Standalone Consolidated
TTM EPS (₹) 9.6 21.6
TTM Sales (₹ Cr.) 3,677 2,935
BVPS (₹.) 161.4 0
Reserves (₹ Cr.) 2,711 2,504
P/BV 0.35 0.00
PE 5.86 2.62
From the Market
52 Week Low / High (₹) 45.35 / 87.50
All Time Low / High (₹) 1.25 / 354.60
Market Cap (₹ Cr.) 1,009
Equity (₹ Cr.) 179.1
Face Value (₹) 10
Industry PE 10.1

Management X-Ray of Prakash Inds. :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *59.7254.9055.7354.7853.6556.4961.0751.6767.2974.00
* 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 (%)

News

Prakash Industries Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Prakash Inds. on 06-Dec-2022 18:01 is : 56.35.
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 06-Dec-2022 18:01 the market cap of Prakash Inds. stood at ₹ 1,009.1.
The latest PE ratio of Prakash Inds. as of 06-Dec-2022 18:01 is 5.86.
The latest PB ratio of Prakash Inds. as of 06-Dec-2022 18:01 is 0.35
The 52-week high of Prakash Inds. is ₹ 87.50 and the 52-week low is ₹ 45.35.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Prakash Inds. is ₹ 3,677 ( 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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