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1. Is Prakash Steelage Ltd a good quality company?
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Prakash Steelage Ltd is a below average quality 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 Somewhat overvalued zone.
3. Is Prakash Steelage Ltd a good buy now?
The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Prakash Steelage Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
Value Creation ⓘ
Value Creation Index Colour Code Guide ⓘ
|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||-1.9||NA||NA||-2.7||-1.9||-5.9||-67.9||-|
Growth Parameters ⓘ
Growth Parameters Colour Code Guide ⓘ
|YoY Gr. Rt. %||-||19%||13.6%||-48.2%||-73.9%||-68.6%||-5.8%||-24.4%||-24.7%||88.9%||-|
|Adj EPS ⓘ||0.9||1||0.8||-3.9||-4.4||-3.8||0.4||0.2||1||12.1||1.3|
|YoY Gr. Rt. %||-||16.1%||-22.8%||-600%||NA||NA||NA||-55.8%||415.8%||1132.7%||-|
|BVPS (₹) ⓘ||9.4||10.3||11||6.3||-2.3||-16.1||-15.3||-15.3||-12.4||-3.1||-1.7|
|Adj Net Profit ⓘ||15.2||17.7||13.7||-68.3||-76.3||-67||7.5||3.2||17.1||211||23|
|Cash Flow from Ops. ⓘ||27.4||-8.8||51.4||25||-54.4||0.6||-20.5||0.1||0.5||37.9||-|
|Debt/CF from Ops. ⓘ||7.5||-29.9||4.8||8.1||-4.6||439.5||-11.9||1751.1||403.6||0.9||-|
CAGR Colour Code Guide ⓘ
|9 Years||5 Years||3 Years||1 Years|
|Adj EPS ⓘ||34%||NA||204%||1132.7%|
Key Financial Parameters ⓘ
Performance Ratio Colour Code Guide ⓘ
|Return on Equity % ⓘ||9.6||10.3||7.4||-45.2||-219.3||41.5||-2.7||-1.2||-7.1||-155.5||-55.9|
|Op. Profit Mgn % ⓘ||6.3||7||6.5||-6.3||-31.5||2.5||9.2||16.8||-9.1||14.8||2.9|
|Net Profit Mgn % ⓘ||1.9||1.9||1.3||-12.3||-52.6||-146.8||17.4||10||70||457.5||21.7|
|Debt to Equity ⓘ||1.2||1.5||1.3||1.8||-6.1||-0.9||-0.9||-0.9||-0.9||-0.6||-|
|Working Cap Days ⓘ||195||184||208||376||951||1,374||348||337||322||198||0|
|Cash Conv. Cycle ⓘ||104||107||104||170||370||-180||-662||-555||-475||-330||0|
Sales growth is good in last 4 quarters at 101.52%
Return on Equity is Poor
Sales growth has been subdued in last 3 years 2.44%
|TTM EPS (₹)||1.3||-5|
|TTM Sales (₹ Cr.)||107||565|
|BVPS (₹.) ⓘ||-1.7||0|
|Reserves (₹ Cr.) ⓘ||-47||93|
|From the Market|
|52 Week Low / High (₹)||3.29 / 7.31|
|All Time Low / High (₹)||0.19 / 24.29|
|Market Cap (₹ Cr.)||98.9|
|Equity (₹ Cr.)||17.5|
|Face Value (₹)||1|
|Industry PE ⓘ||20.5|
Prakash Steelage Limited, a Prakash Group company was incorporated on May 9, 1991 under the Companies Act, 1956 as â€˜Prakash Steelage Private Limitedâ€™ 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 â€˜Prakash Steelage Limitedâ€™, 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 â€œGovt. Recognized Star Export Houseâ€ exporting to several MNCâ€™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).
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.
The companyâ€™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: