Prakash Steelage Ltd Stock Analysis

BSE: 533239 | NSE: PRAKASHSTL | Steel & Iron Products | Small Cap

BSE Share Price 25-Nov-2022 18:01
4.88 0.03 (0.62%)

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Prakash Steelage Price Chart

P/E Ratio (SA) :
0.51
Market Cap :
85.4 Cr.
52-wk low :
4.3
52-wk high :
9.9
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1. Is Prakash Steelage Ltd a good quality company?

Data is not available for this company.

2. Is Prakash Steelage Ltd undervalued or overvalued?

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

3. Is Prakash Steelage Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Prakash Steelage 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 Steelage:

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.

Value Creation

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 10%10.4%8.9%-12.9%-26.4%-79.9%-23.4%-12.9%-68.1%-936.1%-
Value Creation Index -0.3-0.3-0.4-1.9NANA-2.7-1.9-5.9-67.9-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 7939441,07255514545.64332.524.546.265
YoY Gr. Rt. %-19%13.6%-48.2%-73.9%-68.6%-5.8%-24.4%-24.7%88.9%-
Adj EPS 0.910.8-3.9-4.4-3.80.40.2112.19.5
YoY Gr. Rt. %-16.1%-22.8%-600%NANANA-55.8%415.8%1132.7%-
BVPS (₹) 9.410.3116.3-2.3-16.1-15.3-15.3-12.4-3.1-3
Adj Net Profit 15.217.713.7-68.3-76.3-677.53.217.1211166
Cash Flow from Ops. 27.4-8.851.425-54.40.6-20.50.10.537.9-
Debt/CF from Ops. 7.5-29.94.88.1-4.6439.5-11.91751.1403.60.9-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -27.1%-20.5%2.4%88.9%
Adj EPS 34%NA204%1132.7%
BVPS -188.4000
Share Price -10.3% 70.4% 176.8% -8.8%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 9.610.37.4-45.2-219.341.5-2.7-1.2-7.1-155.5-312.9
Op. Profit Mgn % 6.376.5-6.3-31.52.59.216.8-9.114.87.1
Net Profit Mgn % 1.91.91.3-12.3-52.6-146.817.41070457.5256.5
Debt to Equity 1.21.51.31.8-6.1-0.9-0.9-0.9-0.9-0.6-
Working Cap Days 1951842083769511,374348337322198146
Cash Conv. Cycle 104107104170370-180-662-555-475-3300

Recent Performance Summary

Sales growth is good in last 4 quarters at 94.89%

Return on Equity is Poor

Sales growth has been subdued in last 3 years 2.44%

Latest Financials - Prakash Steelage Ltd.

Standalone Consolidated
TTM EPS (₹) 9.5 -5
TTM Sales (₹ Cr.) 64.7 565
BVPS (₹.) -3 0
Reserves (₹ Cr.) -69 93
P/BV -1.65 0.00
PE 0.51 0.00
From the Market
52 Week Low / High (₹) 4.31 / 9.92
All Time Low / High (₹) 0.19 / 24.29
Market Cap (₹ Cr.) 85.4
Equity (₹ Cr.) 17.5
Face Value (₹) 1
Industry PE 9.8

Management X-Ray of Prakash Steelage :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *22.6022.6022.6022.6022.6022.6027.6332.910.100.10
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Prakash Steelage

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

Prakash Steelage Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Prakash Steelage on 25-Nov-2022 18:01 is : 4.88.
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 25-Nov-2022 18:01 the market cap of Prakash Steelage stood at ₹ 85.40.
The latest PE ratio of Prakash Steelage as of 25-Nov-2022 18:01 is 0.51.
The latest PB ratio of Prakash Steelage as of 25-Nov-2022 18:01 is -1.65
The 52-week high of Prakash Steelage is ₹ 9.92 and the 52-week low is ₹ 4.31.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Prakash Steelage is ₹ 64.67 ( Cr.) .

About Prakash Steelage Ltd

Prakash Steelage Limited, a Prakash Group company was incorporated on May 9, 1991 under the Companies Act, 1956 as ‘Prakash Steelage Private Limited’ vide Certificate of Incorporation issued by the Registrar of Companies, Maharashtra, Mumbai The Company was later converted into a public company and the name was changed to ‘Prakash Steelage Limited’, pursuant to a shareholders resolution dated July 7, 1997 and received a Certificate of Change of Name on August 12, 1997. The promoters of the company are Mr. Prakash C. Kanugo and Mr. Ashok M. Seth.

Prakash Group was started in the year 1976 and has 30 years of track record of stability, trust & growth. From trading to manufacturing value added steel products, PSL has pre-eminent position in importation, stocking and supplying Flat and Long Stainless Steel segment in India.

The company first started off with trading activity i.e; trading in the stainless steel sheets, coils and plates. Subsequently it started its own manufacturing activity in the year 1996 by setting its first plant in the Union Territory of Dadra and Nagar Haveli with a capacity of 4000 MT per annum of welded stainless steel and seamless pipes & tubes. Considering the huge demand and future business potential it subsequently started its second unit at Umbergaon, Gujarat by setting a state of art manufacturing plant with the capacity of 8200 MT of welded stainless steel and seamless pipes & tubes in the year 2007. The company is amongst the premier and an established manufacturer of a wide range of SS pipes and tubes.

The company is a “Govt. Recognized Star Export House” exporting to several MNC’s into more than 40 countries across the Globe. Its products are exported to Countries round the globe. It  export its products to Countries like North America, South East Asia, Africa, Middle-East and Europe. It enjoys credible relationship with Aminco China LLC (China), A. Hadi (Saudi Arabia), Bronswerk Heat Transfer BV Nijkerk, (Netherlands), CT Co. (Egypt), Cunado (Spain), Gea process engg. SPA., Ssna, LLC (USA), S.A.S, (Norway), Serck Service Ltd. (Dubai) and STI Ltd., (UK).

Products

Prakash Steelage Ltd. specializes in meeting specific requirements of customers and offers complete solution for stainless steel welded & seamless pipes and tubes. The different products manufactured by the Company includes the following. The product varies depending on its type, shape and size.

  • S.S. Welded Tubes
  • S.S. Welded Pipes
  • S.S. Efw Pipes
  • S.S. Seamless Tubes
  • S.S. Seamless Pipes
  • Square
  • U Bend Tubing
  • S.S. Grades

Clientele:

The company’s top ten client base based on the sales value of the products supplied to them for the year ended March 31, 2010 are as follows:

  • BGR Energy Systems Limited
  • Bharat Heavy Electrical Ltd. Hyderabad
  • KBK Chemie Ltd.
  • Chandan Steel Ltd.
  • Kudos Chemie Ltd.
  • Mojj Engineering Systems Ltd.
  • Praj Industries Ltd.
  • Steelage Overseas Private Ltd.
  • Unitech Machine Ltd.
  • Top Honest INC.

Milestones:

  • 1991 - Incorporation of the Company
  • 1996 -  Started our first manufacturing unit at Silvassa with a capacity of 4000 MTPA
  • 1997 -  Converted into a public limited company
  • 2002 -  Awarded with ISO 9001 : 2000 for our unit at Silvassa
  • 2005 -  Recognized as Export house by the Government.
  • 2007 - Awarded with ISO 9001 : 2000 for our unit at Umbergaon
  • 2007 - Started our second ‘state of the art’ manufacturing facility at Umbergaon with a capacity of 8200 MTPA.
  • 2007 - Winner of Good housekeeping competition by Directorate of Industries safety & health, Government of Gujarat
  • 2008 - Certified as PED (Pressure Equipment Directive), AD – 2000 – Merkbatt W O EIL, Llyods & IBR Approved Company
  • 2008 - Awarded with TUV Certificate for our unit at Umbergaon by TUV Rheinland Industrie Service GmbH, Cologne, Germany
  • 2009 - Awarded with TUV Certificate for our unit at Silvassa by TUV Rheinland Industrie Service GmbH, Cologne, Germany
  • 2009 - Awarded with BS OHSAS 18001-2007 by RINA SpA, Genova, Italy
  • 2009 - Awarded with ISO-14001-2004 by RINA SpA, Genova, Italy
  • 2010 - Recognised as Star Export House by Government of India
  • 2010 - Vendor Approval from Kuwait National Petroleum Company (Kuwait)

Awards/ recognition

  • It is an ISO 9001-2008 certified Company, with a legacy of over 19 years of presence in the industry.
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