Prakash Industries Ltd.

NSE: PRAKASH  SECTOR: Steel & Iron Products

75.45
-4.85 (-6.04%)

Price Summary

Today's High

₹ 78.6

Today's Low

₹ 73.75

52 Week High

₹ 90.8

52 Week Low

₹ 25.85

FinStar

Ownership Below Par
Stock price may face volatility due to ownership structure.
ValuationAttractive
The stock is considerably attractive based on intrinsic value.
EfficiencyOptimal
The company could improve upon its asset employment.
FinancialsWeak
Watch out! The company might not be able to sustain any adverse condition.

Company Essentials

Market Cap

1351.172475255 Cr.

Enterprise Value

1864.042475255 Cr.

No. of Shares

17.9081839 Cr.

P/E

21.88

P/B

0.46

Face Value

₹ 10

Div. Yield

0%

Book Value (TTM)

₹  165.7313

CASH

59.02 Cr.

DEBT

571.89 Cr.

Promoter Holding

42.04%

EPS (TTM)

₹  3.4487

Sales Growth

-17.1113111879827%

ROE

4.1668943609957 %

ROCE

6.07151235645173 %

Profit Growth

3.97459006470185 %

* Total debt includes long term borrowing, short term borrowing plus current maturities of long-term borrowing
* Ratios are based on latest Audited Financial Result.

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Price Chart 1w1m3m6m1Yr3Yr5Yr

* Prices are based on daily market changes.

Valuation Chart 1w1m3m6m1Yr3Yr5Yr

* The chart is based on the standalone earnings of the company.

Peer Comparison

View Full Peer Comparison
* The Peers list includes companies operating in the same industry and having comparable market cap.

Sales Growth (in Cr.)

1 Year-17.11%
3 Year11.01%
5 Year0.95%

Profit Growth (in Cr.)

1 Year-78.08%
3 Year13.42%
5 Year66.13%

ROE%

1 Year4.17%
3 Year13.29%
5 Year8.94%

ROCE %

1 Year6.07%
3 Year12.99%
5 Year9.51%

Debt/Equity

0.1969

Price to Cash Flow

3.48

Interest Cover Ratio

2.25693927469956

CFO/PAT (5 Yr. Avg.)

3.89788767505434

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Dec 2020 42.04 55.73
Sep 2020 42.04 54.9
Jun 2020 42.1 59.72
Mar 2020 42.1 60.48
Dec 2019 42.1 45.22
* Figures given above are % of equity capital

 Strengths

  • The company has an efficient Cash Conversion Cycle of 24.149080458551 days.
  • The company has a good cash flow management; CFO/PAT stands at 3.89788767505434.
  • The company has a strong degree of Operating leverage, Average Operating leverage stands at 3.70253046584741.

 Limitations

  • The company has shown a poor revenue growth of 11.0136158804081% for the Past 3 years.
  • Promoter pledging has increased from 42.04% to 55.73% in 1 quarter.
  • Tax rate is low at 0.
  • Promoter pledging is high as 55.73%.

Quarterly Result (All Figures in Cr.)

PARTICULARS Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
Net Sales 738.62 647.3 529.02 763.83 891
Total Expenditure 651.74 567.03 468.72 700.56 803.62
Operating Profit 86.88 80.27 60.3 63.27 87.38
Other Income 1.31 2.61 1.49 1.83 1.59
Interest 20.51 25.98 20.82 17.83 18.44
Depreciation 37.72 38.81 37.78 38.12 39.2
Exceptional Items 0 0 0 0 0
Profit Before Tax 29.96 18.09 3.19 9.15 31.33
Tax 0 0 0 0 0
Profit After Tax 29.96 18.09 3.19 9.15 31.33
Adjusted EPS (Rs) 0.17 0.11 0.02 0.05 0.18

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
Net Sales 2053.29 2173.5 2934.81 3587.51 2973.64
Total Expenditure 1861.88 1910.41 2351.24 2799.87 2623.5
Operating Profit 191.41 263.09 583.57 787.64 350.14
Other Income 4.81 3.32 14.81 7.57 6.95
Interest 71.02 74.98 89.1 102.09 94.03
Depreciation 101.81 103.03 120.94 133.98 144.87
Exceptional Items 0 0 0 -6.49 0
Profit Before Tax 23.39 88.4 388.34 552.65 118.19
Tax 0.01 7.4 2.09 13.43 0
Net Profit 23.38 81 386.25 539.22 118.19
Adjusted EPS (Rs.) 1.74 5.83 24.62 33.01 6.9

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
Equity and Liabilities
Share Capital 134.49 139.05 156.88 163.35 171.26
Total Reserves 2002.96 2081.91 2579.17 2690.25 2732.93
Borrowings 1087.58 578.46 600.94 435.53 370.76
Other N/C liabilities 113.92 -125.2 -126.49 -86.17 41.98
Current liabilities 567.19 587.55 521.79 612.77 548.64
Total Liabilities 3362.35 3261.77 3732.29 3815.73 3865.57
Assets
Net Block 1634.94 1578.13 2377.32 2357.3 3012.53
Capital WIP 955.21 1141.45 689.99 710.24 170.7
Investments 2.18 0 0.01 0 0
Loans & Advances 355.06 102.05 101.56 101.75 87.12
Other N/C Assets 3.99 26.83 34.14 35.28 39.62
Current Assets 410.97 413.31 529.27 611.16 555.6
Total Assets 3362.35 3261.77 3732.29 3815.73 3865.57
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
Profit Before Tax 23.39 88.4 388.34 552.65 118.19
Adjustment 167.81 175.9 200.85 236.76 238.53
Working Capital Changes 67.27 9.18 -66.27 -53.75 32.17
Tax Paid -1.45 -4.25 -46.64 -46.2 -0.77
Operating Cash Flow 242.17 269.23 476.28 695.95 388.12
Investing Cash Flow -149.22 -247.67 -479.83 -534.82 -247.83
Financing Cash Flow -103.35 -14.2 10.4 -168.66 -126.23
Net Cash Flow -10.4 7.36 6.85 -7.53 14.06

Corporate Actions

Ratings & Research Reports

Company Presentations

Company News

Prakash Inds. Stock Price Analysis and Quick Research Report. Is Prakash Inds. an attractive stock to invest in?

 

Stock investing requires careful analysis of financial data to find out the company's true net worth. This is generally done by examining the company's profit and loss account, balance sheet and cash flow statement. This can be time-consuming and cumbersome. An easier way to find out about a company's performance is to look at its financial ratios, which can help to make sense of the overwhelming amount of information that can be found in a company's financial statements.

Here are the few indispensable tools that should be a part of every investor’s research process.

  • PE ratio: - Price to Earnings' ratio, which indicates for every rupee of earnings how much an investor is willing to pay for a share. A general rule of thumb is that shares trading at a low P/E are undervalued (it depends on other factors too). Prakash Inds. has a PE ratio of 21.8778090294894 which is high and comparatively overvalued .

  • Return on Assets (ROA): - Return on Assets measures how effectively a company can earn a return on its investment in assets. In other words, ROA shows how efficiently a company can convert the money used to purchase assets into net income or profits. Prakash Inds. has ROA of 3.07734367880437 % which is a bad sign for future performance. (higher values are always desirable)

  • Current ratio: - The current ratio measures a company's ability to pay its short-term liabilities with its short-term assets. A higher current ratio is desirable so that the company could be stable to unexpected bumps in business and economy. Prakash Inds. has a Current ratio of 1.01268591426072 .

  • Return on equity: - ROE measures the ability of a firm to generate profits from its shareholders investments in the company. In other words, the return on equity ratio shows how much profit each rupee of common stockholders’ equity generates. Prakash Inds. has a ROE of 4.1668943609957 % .(higher is better)

  • Debt to equity ratio: - It is a good metric to check out the capital structure along with its performance. Prakash Inds. has a D/E ratio of 0.1969 which means that the company has low proportion of debt in its capital.

  • Inventory turnover ratio: - Inventory Turnover ratio is an activity ratio and is a tool to evaluate the liquidity of a company's inventory. It measures how many times a company has sold and replaced its inventory during a certain period of time. Prakash Inds. has an Inventory turnover ratio of 16.0641780562909 which shows that the management is efficient in relation to its Inventory and working capital management.

  • Sales growth: - Prakash Inds. has reported revenue growth of -17.1113111879827 % which is poor in relation to its growth and performance.

  • Operating Margin: - This will tell you about the operational efficiency of the company. The operating margin of Prakash Inds. for the current financial year is 11.7747945279186 %.

  • Dividend Yield: - It tells us how much dividend we will receive in relation to the price of the stock. The current year dividend for Prakash Inds. is Rs 0 and the yield is 0 %.

Brief about Prakash Inds.

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