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Last Updated on: 28 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Prakash Industries Ltd

About the Company - Prakash Industries Ltd

Prakash Industries Ltd. is a Public Limited Listed company incorporated on 31/07/1980 and has its registered office in the State of Haryana, India. Company’s Corporate Identification Number(CIN) is L27109HR1980PLC010724 and registration number is 010724. Currently company belongs to the Industry of Steel. Company’s Total Operating Revenue is Rs. 3928.72 Cr. and Equity Capital is Rs. 179.08 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Steel15 Km. Stone, Delhi Road, Hissar Haryana 125044investorshelpline@prakash.com
http://www.prakash.com
Management
NamePosition Held
Mr. V P AgarwalChairman
Mr. Vikram AgarwalManaging Director
Mr. Kanha AgarwalJoint Managing Director
Mr. Y N ChughIndependent Director
Mr. M R AgarwalIndependent Director
Mrs. Purnima GuptaIndependent Director
Mr. Sunil KumarIndependent Director
Dr. S C GosainIndependent Director
Mr. Sanjay JainWhole Time Director

Prakash Industries Ltd. Share Price Update

Share PriceValue
Today₹201.65
Previous Day₹204.50

Basic Stock Data of Prakash Industries Ltd

Market Cap 3,183 Cr.
Current Price 178
High / Low224/48.8
Stock P/E10.0
Book Value 174
Dividend Yield0.00 %
ROCE7.87 %
ROE6.58 %
Face Value 10.0

Data Source: screener.in

Competitors of Prakash Industries Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Aerpace Industries Ltd 150 Cr. 11.011.0/1.19 0.210.00 %5.82 %3.71 % 1.00
Tata Steel Ltd 1,81,573 Cr. 145147/10293.9 72.52.48 %12.6 %7.28 % 1.00
Aanchal Ispat Ltd 16.7 Cr. 8.0019.0/7.36 8.500.00 %20.1 %67.6 % 10.0
SAL Steel Ltd 204 Cr. 24.030.6/12.9 4.930.00 %8.12 %8.95 % 10.0
Shyam Metalics & Energy Ltd 18,486 Cr. 662772/25317.3 3200.27 %15.0 %13.0 % 10.0
Industry Average40,085.94 Cr170.0022.2481.230.55%12.33%20.11%6.40

Prakash Industries Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales8911,0321,0318948471,1578957777611,0111,013889885
Expenses8049289347947601,050795674659902895761762
Operating Profit87104969987108101103101108118128123
OPM %10%10%9%11%10%9%11%13%13%11%12%14%14%
Other Income233132233430167
Interest18161918181722232116191712
Depreciation39393940403938383838393838
Profit before tax31524143325343444558898981
Tax %0%0%0%0%0%0%0%0%0%0%0%0%0%
Net Profit31524143325343444558898981
EPS in Rs1.832.882.282.411.802.942.412.462.533.244.994.994.50

Prakash Industries Ltd Quarterly Chart

Aerpace Industries Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales2,1002,5102,5952,8302,0532,1742,9353,5882,9743,2163,9293,4443,798
Expenses1,7352,1832,2192,4201,8631,9092,3512,7992,6252,9013,5383,0313,320
Operating Profit366326376410190264584788349315391413478
OPM %17%13%14%14%9%12%20%22%12%10%10%12%13%
Other Income224-241421507881156
Interest145558616975891029374738264
Depreciation7810611898102103121134145154158152153
Profit before tax2761672049238838855311895169190317
Tax %3%1%15%0%0%8%1%2%0%0%0%0%
Net Profit2681651739238138653911895169190317
EPS in Rs19.9412.2612.870.691.745.8324.6233.026.905.329.4210.6417.72
Dividend Payout %5%8%8%0%0%0%0%4%0%0%0%0%

Prakash Industries Ltd Profit & Loss Yearly Chart

Aerpace Industries Ltd Growth

Compounded Sales Growth
10 Years:3%
5 Years:3%
3 Years:5%
TTM:6%
Compounded Profit Growth
10 Years:1%
5 Years:-13%
3 Years:17%
TTM:71%
Stock Price CAGR
10 Years:18%
5 Years:17%
3 Years:49%
1 Year:224%
Return on Equity
10 Years:8%
5 Years:8%
3 Years:5%
Last Year:7%

Technocraft Industries (India) Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital134134134134134139157163171179179179179
Reserves1,8241,9592,0982,0712,0032,0822,5792,6052,7332,7202,6332,7752,933
Borrowings969924953913857935818661572557548599433
Other Liabilities250244266326368260339511394428552698740
Total Liabilities3,1773,2613,4523,4453,3623,4163,8933,9413,8703,8843,9124,2514,285
Fixed Assets1,6121,7191,7471,7331,6351,5782,3772,3573,0132,9762,9393,1183,025
CWIP8427908939449551,14169071017112246172345
Investments5016352200000000
Other Assets672737777765770697825873687786927961915
Total Assets3,1773,2613,4523,4453,3623,4163,8933,9413,8703,8843,9124,2514,285

Prakash Industries Ltd Reserves and Borrowings Chart

Prakash Industries Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 260193314232242269476696388159350585
Cash from Investing Activity -503-133-230-109-149-248-480-535-248-129-299-545
Cash from Financing Activity 230-85-88-108-103-1410-169-126-43-59-38
Net Cash Flow-13-24-515-1077-814-13-82

Technocraft Industries (India) Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days16131213141312152416610
Inventory Days474348364646504025474445
Days Payable101010142224282527251930
Cash Conversion Cycle534650343835343023383126
Working Capital Days1014-2-3-17-109111036256
ROCE %11%7%8%10%3%5%14%19%6%5%7%8%

Prakash Industries Ltd Financial Efficiency Indicators Chart

Prakash Industries Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters40.98%40.98%40.98%40.98%42.94%43.29%43.29%43.31%43.31%44.11%44.24%44.24%
FIIs2.84%3.04%1.93%1.45%1.53%1.74%1.83%1.92%3.42%3.57%6.35%5.90%
DIIs0.02%0.03%0.02%0.03%0.01%0.01%0.03%0.03%0.03%0.03%0.01%0.01%
Public56.16%55.95%57.07%57.55%55.52%54.96%54.84%54.74%53.24%52.29%49.39%49.84%
No. of Shareholders84,9581,09,4041,10,8971,06,63699,85197,47897,33195,62191,79089,47085,17291,963

Prakash Industries Ltd Shareholding Pattern Chart

No. of Prakash Industries Ltd Shareholders

This stock is not held by any mutual fund

Prakash Industries Ltd ROCE Trend

Prakash Industries Ltd EPS Trend

Prakash Industries Ltd Key Financial Ratios

MonthMar 18
FaceValue10.00
Basic EPS (Rs.)25.58
Diluted EPS (Rs.)23.05
Cash EPS (Rs.)32.33
Book Value[Excl.RevalReserv]/Share (Rs.)174.40
Book Value[Incl.RevalReserv]/Share (Rs.)174.40
Revenue From Operations / Share (Rs.)187.07
PBDIT / Share (Rs.)37.98
PBIT / Share (Rs.)30.27
PBT / Share (Rs.)24.75
Net Profit / Share (Rs.)24.62
NP After MI And SOA / Share (Rs.)24.62
PBDIT Margin (%)20.30
PBIT Margin (%)16.18
PBT Margin (%)13.23
Net Profit Margin (%)13.16
NP After MI And SOA Margin (%)13.16
Return on Networth / Equity (%)14.11
Return on Capital Employeed (%)14.09
Return On Assets (%)9.92
Long Term Debt / Equity (X)0.21
Total Debt / Equity (X)0.26
Current Ratio (X)1.01
Quick Ratio (X)0.53
Interest Coverage Ratio (X)6.88
Interest Coverage Ratio (Post Tax) (X)5.46
Enterprise Value (Cr.)3323.31
EV / Net Operating Revenue (X)1.13
EV / EBITDA (X)5.58
MarketCap / Net Operating Revenue (X)0.90
Price / BV (X)0.97
Price / Net Operating Revenue (X)0.90
EarningsYield0.14

Prakash Industries Ltd Profitability Ratios (%)

Prakash Industries Ltd Liquidity Ratios

Prakash Industries Ltd Liquidity Ratios (%)

Prakash Industries Ltd Interest Coverage Ratios (%)

Prakash Industries Ltd Valuation Ratios

Fair Value / Intrinsic Value of Prakash Industries Ltd

Fair Value: ₹116.78

The stock is overvalued by 34.39% compared to the current price ₹178

*Investments are subject to market risks

Strength and Weakness of Aerpace Industries Ltd

StrengthWeakness
  1. The stock has a low average Working Capital Days of 7.42, which is a positive sign.
  2. The company has higher reserves (2,385.77 cr) compared to borrowings (749.15 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (2.38 cr) and profit (199.77 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 30.27 and average Dividend Yield of 16.18%.
  2. The stock has a low average ROCE of 8.58%, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 36.50, which may not be favorable.

Should I Buy Prakash Industries Ltd Share Now?

  • Considering various financial indicators, investors might exercise caution regarding investment in Prakash Industries Ltd:
    1. Net Profit Margin: 13.16%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 14.09% (Industry Average ROCE: 11.99%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. Interest Coverage Ratio (Post Tax): 5.46
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    4. Quick Ratio: 0.53
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    5. ✓ Stock P/E: 10.4 (Industry average Stock P/E: 30.3)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    6. ✓ Total Debt / Equity: 0.26
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis suggests exercising caution. It's advisable to conduct further research or consult with financial experts before considering any investment.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Prakash Industries Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE