Prakash Pipes Ltd - Stock Valuation and Financial Performance

BSE: 542684 | NSE: PPL | Plastic Products | Small Cap

Prakash Pipes Share Price

352.50 -10.45 -2.88%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Prakash Pipes

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Prakash Pipes stock performance -

mw4me loader
P/E Ratio (SA):
10.33
Market Cap:
868.1 Cr.
52-wk low:
134.3
52-wk high:
493

Is Prakash Pipes Ltd an attractive stock to invest in?

1. Is Prakash Pipes Ltd a good quality company?

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

2. Is Prakash Pipes Ltd undervalued or overvalued?

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

3. Is Prakash Pipes Ltd a good buy now?

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

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 Pipes 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'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 0%52.3%21%22.3%22.3%23.6%-
Value Creation
Index
NA2.70.50.60.60.7-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 0341385476617709661
Sales YoY Gr.-NA13%23.6%29.5%15%-
Adj EPS 0012.11519.525.135.1
YoY Gr.-NANA23.5%30.3%28.7%-
BVPS (₹) 10064.880.198.4116.5142.1
Adj Net
Profit
028.424.835.846.760.184
Cash Flow from Ops. 020.2143051.242.5-
Debt/CF from Ops. 000.40.10.10.2-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NANA22.6%15%
Adj EPS NANA27.5%28.7%
BVPSNA63.4%21.6%18.4%
Share Price - - 43.7% 158.7%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
052.120.522.121.923.427.2
Op. Profit
Mgn %
011.31012.312.611.714.5
Net Profit
Mgn %
08.36.47.57.68.512.7
Debt to
Equity
000000-
Working Cap
Days
0407877737276
Cash Conv.
Cycle
0174048494856

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 27.20%

Sales growth is growing at healthy rate in last 3 years 22.57%

Net Profit is growing at healthy rate in last 3 years 27.48%

Sales growth is not so good in last 4 quarters at -9.28%

Latest Financials - Prakash Pipes Ltd.

Standalone Consolidated
TTM EPS (₹) 35.1 -
TTM Sales (₹ Cr.) 661 -
BVPS (₹.) 142.1 -
Reserves (₹ Cr.) 316 -
P/BV 2.55 -
PE 10.33 -
From the Market
52 Week Low / High (₹) 134.30 / 492.95
All Time Low / High (₹) 21.40 / 492.95
Market Cap (₹ Cr.) 868
Equity (₹ Cr.) 23.9
Face Value (₹) 10
Industry PE 35.2

Management X-Ray of Prakash Pipes:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *9.009.000.0011.3649.0449.6649.6636.750.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

Login/Register to view analysis.

Analyst's Notes

Key Ratios of Prakash Pipes

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales0341385476617709
Operating Expenses 0302347418539626
Manufacturing Costs01418202233
Material Costs0262293355468532
Employee Cost 01319232631
Other Costs 01417192330
Operating Profit 03938597783
Operating Profit Margin (%) -11.3%10.0%12.3%12.6%11.7%
Other Income 0542322
Interest 002223
Depreciation 05681112
Exceptional Items 000000
Profit Before Tax 03834516789
Tax 01010152018
Profit After Tax 02925364771
PAT Margin (%) -8.4%6.4%7.5%7.6%10.1%
Adjusted EPS (₹)0.00.012.115.019.629.8
Dividend Payout Ratio (%)0%0%10%8%6%4%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 089132192235279
Share Capital 0020242424
Reserves 089112168211255
Minority Interest000000
Debt005159
Long Term Debt000100
Short Term Debt005159
Trade Payables01619232425
Others Liabilities 014072027
Total Liabilities 0119156222284340

Fixed Assets

Gross Block082100131166165
Accumulated Depreciation03945546473
Net Fixed Assets043557710193
CWIP 000045
Investments 000000
Inventories01730555949
Trade Receivables03243445975
Cash Equivalents 01123247121
Others Assets026171315-2
Total Assets 0119156222284340

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 02014305142
PBT 03834516789
Adjustment 0581113-4
Changes in Working Capital 0-15-20-25-17-29
Tax Paid 0-8-8-7-11-15
Cash Flow From Investing Activity 0-20-15-33-3616
Capex 00-16-34-3811
Net Investments 000000
Others 0-201124
Cash Flow From Financing Activity 0021801
Net Proceeds from Shares 0002600
Net Proceeds from Borrowing 000000
Interest Paid 00-1-10-1
Dividend Paid 00-2-3-3-3
Others 005-445
Net Cash Flow 000151659
PARTICULARSMar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)064.3322.3922.1121.9327.74
ROCE (%)070.3929.1531.6632.1235.07
Asset Turnover Ratio05.712.82.522.432.27
PAT to CFO Conversion(x)NAN0.690.560.831.090.59
Working Capital Days
Receivable Days03435333034
Inventory Days01922323428
Payable Days02222211817

Prakash Pipes Ltd Stock News

Prakash Pipes Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Prakash Pipes on 28-Mar-2024 16:01 is ₹352.5.
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 28-Mar-2024 16:01 the market cap of Prakash Pipes stood at ₹868.1.
The latest P/E ratio of Prakash Pipes as of 28-Mar-2024 16:01 is 10.33.
The latest P/B ratio of Prakash Pipes as of 28-Mar-2024 16:01 is 2.55.
The 52-week high of Prakash Pipes is ₹492.9 and the 52-week low is ₹134.3.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Prakash Pipes is ₹660.5 ( Cr.) .

About Prakash Pipes Ltd

The company’s promoter, Shri Ved Prakash Agarwal, has been in the business of manufacturing PVC Pipes and Fittings since 1981. Over the years, Prakash Pipes has emerged as a trusted brand for PVC Pipes and Fittings in the market, owing to its utmost focus on quality. The company manufactures a wide range of products such as Agri Pipes, Column Pipes, Plumbing Pipes, Casing Pipes, SWR Pipes, Garden Pipes and their related Fittings.  Its products find application in irrigation, drainage, housing, and sanitation. 

The company has ventured into flexible packaging with state-of-the-art plant conforming to ISO 22000:2005, ISO 9001:2015, and BRC standards. It manufactures high performance barrier films and laminates that find application in packaging of food, beverages, oil, personal care and pharmaceutical products.

Considering the Industry trends and to further strengthen its PVC and plastic division, Prakash Pipes have forayed into Flexible Packaging to provide complete packaging solutions to its customers. A Flexible Packaging Unit has been commissioned at Kashipur, Uttarakhand for manufacturing laminates and pouches used for packaging consumer products like snacks, soaps, shampoos, etc. Its Packaging team works actively to evolve cost-effective and quality packaging solutions.

Prakash Pipes is committed towards constant innovations in irrigation, sewerage, and plumbing technologies. Innovations that meet the nation’s constantly increasing water demands. From Agri pipes to Sanitation pipes, each and every product manufactured at Prakash Pipes undergo a quality control test so as to ensure that it conforms to both international as well as Indian standards. Its plant at Kashipur, Uttarakhand, is spread across 60 acres of land area, with more than 50% area being utilized for forestation and plantation.

Business area of the company

The company is engaged in the business of PVC Pipes and Flexible Packaging.

Read More Read Less
You have 2 views remaining as a Guest User. To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login Now
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt.Ltd.