Prakash Pipes Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹192.95Overvalued by 27.46%vs CMP ₹266.00

P/E (12.9) × ROE (9.2%) × BV (₹200.00) × DY (1.28%)

₹241.23Fairly Valued by 9.31%vs CMP ₹266.00
MoS: -10.3% (Negative)Confidence: 48/100 (Moderate)Models: 3 Under, 2 Fair, 5 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹187.0320%Over (-29.7%)
Graham NumberEarnings₹274.5515%Fair (+3.2%)
Earnings PowerEarnings₹278.4310%Fair (+4.7%)
DCFCash Flow₹164.0812%Over (-38.3%)
Net Asset ValueAssets₹200.347%Over (-24.7%)
EV/EBITDAEnterprise₹433.718%Under (+63%)
Dividend DiscountDividends₹12.248%Over (-95.4%)
Earnings YieldEarnings₹167.507%Over (-37%)
ROCE CapitalReturns₹464.998%Under (+74.8%)
Revenue MultipleRevenue₹326.235%Under (+22.6%)
Consensus (10 models)₹241.23100%Fairly Valued
Key Drivers: Wide model spread (₹12–₹465) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -3.1%

*Investments are subject to market risks

Analysis summary

Data coverage: Price-data record updated 25 September 2026, 5:13 am +05:30. Annual results through Mar 2025; quarterly results through Dec 2025; cash flow through Mar 2026. Each section can have a different reporting period. The share price is not live.

Valuation in context

Prakash Pipes Ltd: the stored intrinsic value estimate is ₹241.23, compared with a stored share price of ₹266.00. The model value is 9.3% below that quote. The model classifies this as fairly valued; it is an estimate dependent on the inputs and assumptions, not a price target or a buy/sell recommendation.

Operating performance

Revenue for Mar 2025 was ₹780.00 Cr, versus ₹669.00 Cr in Mar 2024 (16.6% year on year). Net profit for Mar 2025 was ₹83.00 Cr, versus ₹90.00 Cr in Mar 2024 (-7.8% year on year). These are the latest annual periods stored on this page; check the quarterly table separately for more recent developments.

Cash generation

For the same Mar 2025 period, operating cash flow was ₹73.00 Cr against net profit of ₹83.00 Cr. Cash flow covered 0.88 times reported profit. Cash generation supports the reported profit for this period; check whether this continues over several years.

Balance-sheet check

Reported borrowings were ₹19.00 Cr in Mar 2026. Read this alongside cash, interest costs and repayment obligations; reserves are an accounting balance and are not the same as available cash.

How to use the valuation and peer comparisons

The Intrinsic Value panel combines the available model estimates using the displayed weights. Earnings, cash-flow, dividend and asset-based methods can give very different answers. The displayed 12% cost of equity and 4% terminal growth assumptions apply where relevant; historical EPS growth is not a promise of future growth. Use the individual values and their spread to judge sensitivity.

The peer group follows the stored industry classification and may include different business models. Compare reporting periods, leverage and recurring earnings before interpreting a valuation gap. For banks and other financial businesses, capital adequacy and asset quality can be more informative than industrial-company cash-flow ratios.

Sources: Company data source. Check the company filings linked by the source for the reporting basis and exceptional items.

Automatically generated interpretation of the stored financial data, not a separately researched analyst opinion. Missing data is not evidence of poor performance. New filings become available here after the existing data refresh process captures them.

Investment Snapshot

70
Prakash Pipes Ltd scores 70/100 (Strong)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health80/100 · Strong
ROCE 12.4% GoodROE 9.2% AverageD/E 0.08 Low debtInterest Coverage 18.6x StrongProfitable 5/5 available years Reported history
Smart Money60/100 · Moderate
FII holding up 0.32% (6mo) Slight increasePromoter holding at 44.5% Stable
Earnings Quality90/100 · Strong
CFO/NP ratio: 0.96x Cash-backed earningsOPM expanding (13% → 16%) Improving
Quarterly Momentum30/100 · Weak
Revenue (4Q): -2% YoY FlatProfit (4Q): -60% YoY DecliningOPM: 10.0% (down 9.0% YoY) Margin pressure
Industry Rank75/100 · Strong
P/E 12.9 vs industry 18.1 In-lineROCE 12.4% vs industry 8.6% Above peersROE 9.2% vs industry 7.5% Above peers3Y sales CAGR: 8% Moderate

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores use stored reporting periods and are screening indicators, not investment recommendations. Missing health ratios are excluded. Broad industry groups and financial-sector accounting can limit comparability.

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Share Price and Basic Stock Data

Last Updated: September 25, 2026, 5:13 am

Market Cap 636 Cr.
Current Price 266
Intrinsic Value₹241.23
High / Low 334/163
Stock P/E12.9
Book Value 200
Dividend Yield1.28 %
ROCE12.4 %
ROE9.23 %
Face Value 10.0
PEG Ratio-4.21

Understand these figures: how to read the P/E ratio, ROE versus earnings per share, and calculate intrinsic value.

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Prakash Pipes Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Prakash Pipes Ltd 636 Cr. 266 334/16312.9 2001.28 %12.4 %9.23 % 10.0
Captain Polyplast Ltd 376 Cr. 62.5 87.8/52.713.6 31.30.00 %18.6 %16.3 % 2.00
Caprihans India Ltd 210 Cr. 119 139/50.3 1640.00 %2.15 %17.0 % 10.0
Texmo Pipes & Products Ltd 169 Cr. 58.0 64.5/33.011.2 79.00.00 %9.20 %6.30 % 10.0
Captain Pipes Ltd 124 Cr. 8.04 15.3/7.0557.7 2.780.00 %10.1 %7.14 % 1.00
Industry Average5,954.44 Cr213.3627.9482.970.35%8.76%8.78%7.57

All Competitor Stocks of Prakash Pipes Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 172156176171158165205200192183203181181
Expenses 151137152147128135172169157165187166163
Operating Profit 21192324303033313618161518
OPM % 12%12%13%14%19%18%16%16%19%10%8%8%10%
Other Income 101545551121-0
Interest 1000212221101
Depreciation 3222232333344
Profit before tax 18172227303134323115141213
Tax % 24%-18%15%15%23%18%25%25%27%30%26%25%25%
Net Profit 1320182323252524231010910
EPS in Rs 5.618.267.729.489.6710.6010.6210.169.664.304.313.914.23

Last Updated: March 3, 2026, 3:20 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 25, 2026, 11:16 am

MetricMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 0341385476617709669780749
Expenses 0302347418539626562659682
Operating Profit 0393859778310712167
OPM % 11%10%12%13%12%16%16%9%
Other Income 05423221694
Interest 002223473
Depreciation 05681112101114
Profit before tax 0383451678911011254
Tax % 25%28%30%30%20%18%26%
Net Profit 02925364771908340
EPS in Rs 0.0028,550.0012.1214.9719.5729.8137.4834.7416.75
Dividend Payout % 9%10%8%6%4%5%7%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-13.79%44.00%30.56%51.06%26.76%-7.78%
Change in YoY Net Profit Growth (%)0.00%57.79%-13.44%20.51%-24.30%-34.54%

Prakash Pipes Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 6 years from 2019-2020 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:%
5 Years:15%
3 Years:8%
TTM:12%
Compounded Profit Growth
10 Years:%
5 Years:27%
3 Years:21%
TTM:-30%
Stock Price CAGR
10 Years:%
5 Years:34%
3 Years:21%
1 Year:-50%
Return on Equity
10 Years:%
5 Years:23%
3 Years:24%
Last Year:21%

Last Updated: September 5, 2025, 12:35 pm

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Balance Sheet

Last Updated: July 14, 2026, 3:30 am

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital 0.012020242424242424
Reserves 089112168211255341420455
Borrowings 0052510403919
Other Liabilities 031414856578795106
Total Liabilities 0141179241297346493578604
Fixed Assets 04355771016871127136
CWIP 0000459718
Investments 00000042130
Other Assets 097124164191273371431450
Total Assets 0141179241297346493578604

Reserves and Borrowings Chart

Cash Flow

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity + 020143051421207320
Cash from Investing Activity + 0-20-15-33-3616-46-26-197
Cash from Financing Activity + 002180026-10-32
Net Cash Flow 0101516599938-209
Free Cash Flow 00-2-4145410015-4
CFO/OP 72%58%62%81%69%121%90%76%

Free Cash Flow

Free cash flow reported in the stored cash-flow statement (₹ Cr)
PeriodMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Free Cash Flow0.000.00-2.00-4.0014.0054.00100.0015.00-4.00

This table and the chart use the Free Cash Flow row from the same stored cash-flow statement. Free cash flow generally measures operating cash flow after capital expenditure; check the source definition and reporting basis. It is not operating profit minus borrowings.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 34413435394141
Inventory Days 243746344445
Days Payable 222419173429
Cash Conversion Cycle 36543462555156
Working Capital Days 48414742401619
ROCE %70%29%32%32%29%29%27%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters 44.27%44.27%44.27%44.27%44.41%44.41%44.41%44.41%44.41%44.41%44.50%44.50%
FIIs 0.27%0.26%0.37%0.93%2.00%1.67%1.29%1.00%0.54%0.46%0.43%0.86%
DIIs 0.02%0.02%0.02%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.03%
Public 55.43%55.45%55.32%54.80%53.58%53.91%54.29%54.59%55.04%55.14%55.06%54.62%
No. of Shareholders 77,49380,01481,85479,84981,13286,61087,15187,28482,99782,05084,72081,998

Shareholding Pattern Chart

No. of Shareholders

Prakash Pipes Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 34.7437.4829.8119.5717.08
Diluted EPS (Rs.) 34.7437.4829.8118.8816.41
Cash EPS (Rs.) 39.3641.5534.9024.1318.47
Book Value[Excl.RevalReserv]/Share (Rs.) 185.50152.66116.4798.3780.08
Book Value[Incl.RevalReserv]/Share (Rs.) 185.50152.66116.4798.3780.08
Dividend / Share (Rs.) 2.401.801.201.201.20
Revenue From Operations / Share (Rs.) 326.29279.83296.49257.84199.06
PBDIT / Share (Rs.) 54.4451.4643.8033.6425.35
PBIT / Share (Rs.) 49.8247.3938.7129.0821.85
PBT / Share (Rs.) 46.8945.8237.4128.0621.23
Net Profit / Share (Rs.) 34.7437.4729.8019.5714.97
PBDIT Margin (%) 16.6818.3914.7713.0412.73
PBIT Margin (%) 15.2616.9313.0511.2710.97
PBT Margin (%) 14.3716.3712.6110.8810.66
Net Profit Margin (%) 10.6413.3910.057.587.51
Return on Networth / Equity (%) 18.7224.5425.5819.8818.68
Return on Capital Employeed (%) 26.0830.0032.7629.0826.79
Return On Assets (%) 14.3718.1920.6315.7814.82
Long Term Debt / Equity (X) 0.010.020.000.000.00
Total Debt / Equity (X) 0.080.110.030.020.01
Asset Turnover Ratio (%) 1.461.602.212.292.27
Current Ratio (X) 3.573.514.153.063.01
Quick Ratio (X) 3.023.033.362.021.82
Inventory Turnover Ratio (X) 12.818.869.718.368.49
Dividend Payout Ratio (NP) (%) 5.173.204.026.136.84
Dividend Payout Ratio (CP) (%) 4.562.883.434.975.54
Earning Retention Ratio (%) 94.8396.8095.9893.8793.16
Cash Earning Retention Ratio (%) 95.4497.1296.5795.0394.46
Interest Coverage Ratio (X) 18.6332.8333.6933.2541.24
Interest Coverage Ratio (Post Tax) (X) 12.8924.9023.9220.3425.35
Enterprise Value (Cr.) 755.96666.44220.20330.68274.90
EV / Net Operating Revenue (X) 0.960.990.310.530.57
EV / EBITDA (X) 5.815.412.104.114.53
MarketCap / Net Operating Revenue (X) 1.251.260.460.600.64
Retention Ratios (%) 94.8296.7995.9793.8693.15
Price / BV (X) 2.202.311.191.581.60
Price / Net Operating Revenue (X) 1.251.260.460.600.64
EarningsYield 0.080.100.210.120.11

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Frequently asked questions

What is the intrinsic value of Prakash Pipes Ltd and is it undervalued?

Prakash Pipes Ltd: the stored intrinsic value estimate is ₹241.23, compared with a stored share price of ₹266.00. The model value is 9.3% below that quote. The model classifies this as fairly valued; it is an estimate dependent on the inputs and assumptions, not a price target or a buy/sell recommendation. The estimate uses the available valuation models and weights shown in the Intrinsic Value panel, including earnings, cash-flow and asset-based approaches where data permits. It is not a P/E-only calculation.

What share price and 52-week range are shown for Prakash Pipes Ltd?

The stored share price is ₹266.00. Price-data record updated: 25 September 2026, 5:13 am +05:30. This is not a live quote. The stored 52-week high / low is 334/163; this is a rolling range, not a financial-year range.

How have Prakash Pipes Ltd's revenue and profit changed?

Revenue for Mar 2025 was ₹780.00 Cr, versus ₹669.00 Cr in Mar 2024 (16.6% year on year). Net profit for Mar 2025 was ₹83.00 Cr, versus ₹90.00 Cr in Mar 2024 (-7.8% year on year). These are the latest annual periods stored on this page; check the quarterly table separately for more recent developments.

Does Prakash Pipes Ltd's profit convert into cash?

For the same Mar 2025 period, operating cash flow was ₹73.00 Cr against net profit of ₹83.00 Cr. Cash flow covered 0.88 times reported profit. Cash generation supports the reported profit for this period; check whether this continues over several years.

What should I check in Prakash Pipes Ltd's balance sheet?

Reported borrowings were ₹19.00 Cr in Mar 2026. Read this alongside cash, interest costs and repayment obligations; reserves are an accounting balance and are not the same as available cash.

How should I compare Prakash Pipes Ltd's P/E with other stocks?

The stored P/E is 12.90. Compare companies with similar business models, growth, leverage and accounting periods. The industry group on this page is broad, and its average can be affected by outliers. A lower P/E alone does not establish undervaluation.

What could change Prakash Pipes Ltd's intrinsic value estimate?

Changes in sustainable earnings, cash generation, capital needs, debt and share count can change the estimate. The displayed model uses a 12% cost of equity and 4% terminal growth assumption where applicable. Higher discount rates or weaker growth generally reduce discounted values. Compare the individual model values and weights, and verify fresh filings before relying on the result.

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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 Pipes 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