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Prakash Steelage Ltd - Stock Valuation and Financial Performance

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

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Prakash Steelage Share Price

 ₹6.72 0.02 0.30%
as on 20-May'25 16:59

DeciZen - make an informed investing decision on Prakash Steelage

Overall Rating ⓘ
M-Cap below 500cr. High Risk from low Liquidity Bole Toh

1. Quality

Not Good
Check detailed 10 Yrs performace

2. Valuation ⓘ

Overvalued
Check 10 Yrs Valuation charts

3. Price Trend

Semi Strong
Check Price chart

Prakash Steelage stock performance -

PE Chart Key Ratios
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P/E Ratio (SA):
3.26
Market Cap:
117.6 Cr.
52-wk low:
5.4
52-wk high:
11.1

Is Prakash Steelage Ltd an attractive stock to invest in?

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 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.

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
Standalone Basis P Consolidated Basis
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 Steelage Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % ⓘ13.1%-13.8%-54%-296.3%0%0%0%0%0%0%-
Value Creation
Index ⓘ		-0.1-2.0NANANANANANANANA-

Growth Parameters ⓘ

Growth Parameters Colour Code Guide ⓘ

Sales ⓘ1,07255514545.64332.524.546.29510681
Sales YoY Gr.--48.2%-73.9%-68.6%-5.8%-24.4%-24.7%88.9%105.5%11.4%-
Adj EPS ⓘ0.8-3.9-4.4-3.80.40.2112.10.33.32.1
YoY Gr.--600%NANANA-55.8%415.8%1132.7%-97.4%967.7%-
BVPS (₹) ⓘ116.3-2.3-16.1-15.3-15.3-12.4-3.1-2.90.40.5
Adj Net
Profit ⓘ		13.7-68.3-76.3-677.53.217.12115.457.936
Cash Flow from Ops. ⓘ51.425-54.40.6-20.50.10.537.96.129.2-
Debt/CF from Ops. ⓘ4.88.1-4.6439.5-11.91751.1403.60.94.80-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

9 Years 5 Years 3 Years 1 Years
Sales ⓘ-22.7%19.7%62.9%11.4%
Adj EPS ⓘ17.4%50.4%50%967.7%
BVPSⓘ-30.1%NANANA
Share Price -6.3% 85% 8.9% -33.7%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity % ⓘ		7.4-45.2-219.341.5-2.7-1.2-7.1-155.5-10.4-272.7438.3
Op. Profit
Mgn % ⓘ		6.5-6.3-31.52.59.216.8-9.114.84.53.41.1
Net Profit
Mgn % ⓘ		1.3-12.3-52.6-146.817.41070457.55.754.744.5
Debt to
Equity ⓘ		1.31.8-6.1-0.9-0.9-0.9-0.9-0.6-0.60-
Working Cap
Days ⓘ		2083769511,37434833732219811510763
Cash Conv.
Cycle ⓘ		104170370-180-662-555-475-330-111-523

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 438.30%

Sales growth is growing at healthy rate in last 3 years 62.90%

Sales growth is not so good in last 4 quarters at -27.32%

Latest Financials - Prakash Steelage Ltd.

Standalone Consolidated
TTM EPS (₹) 2.1 -5
TTM Sales (₹ Cr.) 81 565
BVPS (₹.) ⓘ 0.5 0
Reserves (₹ Cr.) ⓘ -9 93
P/BV ⓘ 13.43 0.00
PE ⓘ 3.26 0.00
From the Market
52 Week Low / High (₹) 5.42 / 11.07
All Time Low / High (₹) 0.19 / 24.29
Market Cap (₹ Cr.) 118
Equity (₹ Cr.) 17.5
Face Value (₹) 1
Industry PE ⓘ 24.2

Management X-Ray of Prakash Steelage:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.100.100.100.100.100.105.410.100.100.10
* Pledged shares as % of Promoter's holding (%)

Valuation of Prakash Steelage

Event Update

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Analyst's Notes

No data found!

Key Ratios of Prakash Steelage

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
Standalone Basis Consolidated Basis
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales1,072555145464333244695106
Operating Expenses ⓘ 1,005590191454029274392102
Manufacturing Costs21942333578
Material Costs95156217937272020287886
Employee Cost 10632222233
Other Costs ⓘ 221353843754
Operating Profit ⓘ 67-35-46134-2424
Operating Profit Margin (%) 6.3%-6.3%-31.6%2.4%6.4%11.2%-9.2%7.9%2.6%3.4%
Other Income ⓘ 1213193221140221
Interest ⓘ 3629110000300
Depreciation ⓘ 11833222111
Exceptional Items ⓘ -10-22-110-249-9-347124035
Profit Before Tax ⓘ 21-81-151-24814-144163358
Tax ⓘ 710-80-1-60-10
Profit After Tax 14-81-152-24114051164458
PAT Margin (%) 1.3%-14.7%-104.0%-527.0%32.0%-0.7%207.5%353.7%4.4%54.7%
Adjusted EPS (₹)0.8-4.7-8.7-13.80.80.02.99.30.23.3
Dividend Payout Ratio (%)6%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
Standalone Basis Consolidated Basis
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 192111-41-282-268-268-218-54-508
Share Capital ⓘ 18181818181818181818
Reserves ⓘ 17493-58-299-286-286-235-72-68-10
Minority Interest0000000000
Debt23820324724324324319234290
Long Term Debt482700000000
Short Term Debt19017624724324324319234290
Trade Payables31712010794685149525226
Others Liabilities ⓘ 5063171110126655
Total Liabilities ⓘ 79749733066533830373639

Fixed Assets

Gross Block128403438323232272728
Accumulated Depreciation47212122192122212122
Net Fixed Assetsⓘ 8119141613119666
CWIP ⓘ 1560000000
Investmentsⓘ 0333330000
Inventories2664619871110201618
Trade Receivables36629913723149641012
Cash Equivalents 9420001111
Others Assetsⓘ 74121150151634733
Total Assets ⓘ 79749733066533830373639

Cash Flow

(All Figures are in Crores.)
Standalone Basis Consolidated Basis
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity ⓘ 5125-541-200038629
PBT ⓘ 32-58-151-24814-144163358
Adjustment ⓘ 3213-61-184-47-1171-54
Changes in Working Capital ⓘ -672103248-16-53-8225
Tax Paid ⓘ -7-100020000
Cash Flow From Investing Activity ⓘ -145214200510-1-1
Capex -1042322005000-1
Net Investments 0000000000
Others ⓘ 102182000000
Cash Flow From Financing Activityⓘ -58-7133-400-51-38-5-29
Net Proceeds from Shares ⓘ 0000000000
Net Proceeds from Borrowing ⓘ 0000000000
Interest Paid ⓘ -36-29-110000-300
Dividend Paid ⓘ -2-100000000
Others ⓘ -20-4244-400-51-34-5-29
Net Cash Flow ⓘ -7-200000000

Finance Ratio

Standalone Basis Consolidated Basis
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)7.57-53.86N/AN/AN/AN/AN/AN/AN/A0
ROCE (%)13.08-13.82N/AN/AN/AN/AN/AN/AN/A0
Asset Turnover Ratio1.520.880.360.240.730.720.721.372.572.8
PAT to CFO Conversion(x)3.64N/AN/AN/A-1.43N/A00.231.50.5
Working Capital Days
Receivable Days108213537624156128111392739
Inventory Days7910080105631031561176857
Payable Days911422309861,0931,097933644242166

Prakash Steelage Ltd Stock News

Prakash Steelage Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Prakash Steelage on 20-May-2025 16:59 is ₹6.72.
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 20-May-2025 16:59 the market cap of Prakash Steelage stood at ₹117.6.
The latest P/E ratio of Prakash Steelage as of 20-May-2025 16:59 is 3.26.
The latest P/B ratio of Prakash Steelage as of 20-May-2025 16:59 is 13.43.
The 52-week high of Prakash Steelage is ₹11.07 and the 52-week low is ₹5.42.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Prakash Steelage is ₹81.00 ( 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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