Prakash Industries Ltd.

•

prakash.comBSE: 506022NSE: PRAKASH

Market Cap₹ 2,230 Cr.

Current Price

High / Low₹ 177 / 110

Stock P/E7.1

Book Value₹ 204

Price to Book0.86

Dividend Yield1.45 %

ROCE11.6 %

ROE11.2 %

Face Value₹ 10

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ABOUT

KEY POINTS

Revenue Breakup Mar 2020 • Steel: 99.9% • Power: 0.1%

AI Sector View

AI GENERATED

Metals & Mining

Hold

The sector backdrop is mixed. Iron ore output was very strong at 29.5% YoY (2026-07), but steel slowed to 2.9% YoY (2026-07), finished steel consumption was 8.0% YoY (2026-06), and headline mining production was still -0.9% (Jul/26). FPI outflows of INR -2349 crore over 3 months to 2026-08-31 also argue against an aggressive overweight.

Confidence

61%

View full sector analysis →

PROS

Company has delivered good profit growth of 24.6% CAGR over last 5 years
Company is almost debt free
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.49x)
Company generates healthy free cash flow
Company comfortably covers its interest (8.7x coverage)
Attractively priced for its growth - PEG of 0.3

CONS

Receivables are growing faster than sales - a possible quality concern
Recent results are weak - TTM profit is down 12.4% versus prior year
Company has a low return on capital employed of 10.5%
Company has a low return on equity of 9.8% over last 3 years
Effective tax rate is unusually low at 0.1% - earnings may be flattered
Company has delivered a poor sales growth of 6.2% over past five years

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Metals & MiningIron & SteelSteel & Iron Products

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	JSWSTEEL	1306.00	12.89	319376.29	0.54	4696.00	112.58	47364.00	11.55	20.67	19.60
2.	TATASTEEL	183.60	20.77	229196.25	2.18	2385.24	18.82	60794.29	15.26	12.70	15.40
3.	SAIL	196.35	18.98	81102.86	1.20	1644.05	120.80	26245.67	1.25	7.08	15.92
4.	WELCORP	2522.00	28.81	66528.00	0.20	1047.88	200.11	4081.12	14.91	23.94	32.17
5.	APLAPOLLO	2217.80	50.10	61579.08	0.38	263.11	10.94	5606.71	12.07	31.83	7.34
6.	JSL	733.55	18.62	60475.30	0.55	768.66	7.56	11278.54	10.50	19.19	12.09
7.	SHYAMMETL	1072.40	26.65	29934.10	0.42	350.73	20.66	5455.09	23.45	13.88	14.03
8.	JINDALSAW	309.55	30.29	19795.98	0.65	90.79	-78.15	4452.31	9.00	10.38	8.79
9.	RATNAMANI	2629.05	42.57	18427.54	0.38	107.03	-15.82	971.63	-15.63	18.01	16.69
10.	SARDAEN	490.90	15.31	17298.40	0.41	478.13	9.50	1608.04	-1.07	17.76	41.59
11.	GPIL	239.75	20.01	16140.90	0.42	222.37	2.75	1750.47	32.29	20.20	19.36
12.	PRAKASH	124.50	5.77	2229.57	1.45	71.27	-22.02	1032.00	-0.49	11.60	14.28

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	1,013	889	885	890	1,167	1,077	926	845	1,037	723	799	920	1,032
	895	761	762	767	1,035	946	801	713	899	615	674	777	946
Operating Profit	118	128	123	123	132	131	125	132	138	108	124	143	147
OPM %	11.64%	14.43%	13.95%	13.81%	11.30%	12.20%	13.47%	15.58%	13.30%	14.96%	15.59%	15.51%	14.28%
Other Income	30	16	7	11	6	6	7	7	6	6	12	6	7
Interest	19	17	12	10	12	11	12	11	11	10	9	14	18
Depreciation	39	38	38	37	35	36	36	36	42	42	42	42	43
	89	89	81	87	90	90	84	91	91	62	84	93	93
Tax %	0.00%	0.00%	0.00%	-2.30%	0.00%	0.00%	0.05%	0.50%	0.00%	0.00%	-2.84%	0.00%	23.15%
Net Profit	89	89	81	89	90	90	84	91	91	62	87	93	71
	5	5	4	5	5	5	5	5	5	3	5	5	0
Equity Capital	179	179	179	179	179	179	179	179	179	179	179	179	179
Reserves	0	0	0	0	0	0	0	0	0	0	0	0	0
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
	2,053	2,174	2,935	3,588	2,974	3,216	3,929	3,444	3,678	4,014	3,474
	1,862	1,910	2,351	2,800	2,625	2,901	3,538	3,031	3,185	3,495	3,012
Operating Profit	196	266	598	795	356	323	399	425	556	545	—
OPM %	10	12	20	22	12	10	10	12	15	14	—
Other Income	5	3	15	8	7	8	8	11	64	25	30
Interest	71	75	89	102	93	74	73	82	57	46	52
Depreciation	102	103	121	134	145	154	158	152	153	143	169
	23	88	388	553	118	95	169	190	346	356	332
Tax %	0	8	1	2	0	0	0	0	-1	0	6
Net Profit	23	81	386	539	118	95	169	190	348	355	313
EPS	2	5	23	29	6	5	9	11	19	20	—
Dividend Payout %	0	0	0	4	0	0	0	0	6	8	—
Minority Interest	0	0	0	0	0	0	0	0	0	0	0
Share of Associates	0	0	0	0	0	0	0	0	0	0	0
Adjusted EPS	2	6	25	33	7	5	9	11	19	20	—

COMPOUNDED SALES GROWTH

10 Years:: 4%
5 Years:: 6%
3 Years:: 1%

COMPOUNDED PROFIT GROWTH

10 Years:: 44%
5 Years:: 25%
3 Years:: 28%

STOCK PRICE CAGR

10 Years:: 9%
5 Years:: 12%
3 Years:: -2%
1 Year:: -25%

RETURN ON EQUITY

10 Years:: 8%
5 Years:: 8%
3 Years:: 10%
Last Year:: 11%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
LIABILITIES	-	-	-	-	-	-	-	-	-	-
Equity Capital	134	139	157	163	171	179	179	179	179	179
	2,003	2,082	2,504	2,605	2,733	2,720	2,633	2,775	2,845	3,140
	625	143	115	151	134	137	98	198	105	201
Trade Payables	89	97	140	148	144	157	151	203	188	112
	511	800	816	748	683	691	851	896	742	853
Total Liabilities	3,362	3,262	3,732	3,816	3,866	3,884	3,912	4,251	4,059	4,485
ASSETS	-	-	-	-	-	-	-	-	-	-
	1,635	1,578	2,377	2,357	3,013	2,976	2,939	3,118	2,720	3,274
Capital Work in Progress	955	1,141	690	710	171	122	46	172	495	0
	2	0	0	0	0	0	0	0	0	0
	183	188	251	233	137	294	348	312	301	484
	0	0	0	0	0	0	0	0	83	174
Cash & Bank	20	28	47	44	59	45	211	298	276	271
	567	326	367	471	486	447	368	351	183	283
Total Assets	3,362	3,262	3,732	3,816	3,866	3,884	3,912	4,251	4,059	4,485
Total Debt	821	866	818	661	572	553	481	506	268	328
Net Working Capital	-156	-174	7	-2	7	162	220	-15	5	237
Contingent Liabilities	78	110	143	145	147	82	199	275	230	210
Book Value per Share	158.93	159.72	169.59	169.49	169.58	161.90	157.04	164.94	168.85	185.32
Face Value	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	242	269	476	696	388	159	350	585	601	142
Cash from Investing	-149	-248	-480	-535	-248	-129	-299	-545	-320	-126
Cash from Financing	-103	-14	10	-169	-126	-43	-59	-38	-288	2
	-10	7	7	-8	14	-13	-8	2	-6	18
Free Cash Flow	242	40	20	696	128	91	305	133	264	-47
OCF / Net Profit	10.36	3.32	1.23	1.29	3.28	1.67	2.07	3.07	1.73	0.40
Cumulative 5-Year FCF	0	0	0	0	1,126	974	1,239	1,353	921	746

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
PER SHARE
EPS (₹)	1.74	5.83	24.62	33.01	6.90	5.32	9.42	10.64	19.44	19.85
Book Value (₹)	158.93	159.72	169.59	169.49	169.58	161.90	157.04	164.94	168.85	185.32
Dividend per Share (₹)	0.00	0.00	0.00	1.20	0.00	0.00	0.00	0.00	1.20	1.50
Cash EPS (₹)	9.31	13.23	32.33	41.21	15.36	13.91	18.24	19.11	27.97	27.82
PROFITABILITY
Operating Margin %	8.60%	11.03%	19.90%	22.17%	11.97%	10.03%	10.16%	12.33%	13.40%	12.94%
Net Margin %	1.02%	3.35%	12.85%	15.03%	3.97%	2.96%	4.29%	5.53%	9.47%	8.85%
ROE %	1.10%	3.72%	15.83%	19.86%	4.17%	3.29%	5.91%	6.61%	11.65%	11.21%
ROCE %	3.16%	5.41%	14.38%	18.53%	6.03%	4.87%	7.16%	8.08%	11.96%	11.60%
	0.69%	2.45%	11.05%	14.29%	3.08%	2.46%	4.33%	4.67%	8.38%	8.32%
EFFICIENCY
Debtor Days	14	12	11	13	21	19	10	9	9	12
Inventory Days	30	28	27	25	23	24	30	35	30	36
Payable Days	21	23	23	25	27	24	19	26	28	19
	24	17	14	13	17	20	20	18	12	28
FINANCIAL HEALTH
Debt to Equity (x)	0.38x	0.39x	0.31x	0.24x	0.20x	0.19x	0.17x	0.17x	0.09x	0.10x
Interest Coverage (x)	1.33x	2.18x	5.36x	6.41x	2.27x	2.30x	3.32x	3.31x	7.02x	8.68x
	0.72x	0.70x	1.01x	1.00x	1.01x	1.30x	1.35x	0.98x	1.01x	1.26x
GROWTH
Revenue Growth %	-27.61%	5.85%	35.03%	22.24%	-17.11%	8.15%	22.17%	-12.34%	6.80%	9.15%
Operating Profit Growth %	-53.01%	35.77%	124.61%	32.89%	-55.26%	-9.33%	23.78%	6.32%	31.06%	-2.06%
Net Profit Growth %	150.32%	246.45%	376.85%	39.60%	-78.08%	-19.34%	76.99%	12.90%	82.79%	2.09%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	82.78%	2.09%
VALUATION
P/E (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	8.54x	8.03x
P/B (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.98x	0.86x
Dividend Yield %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.72%	0.94%
	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	5.33x	5.34x

Shareholding Pattern

Numbers in percentages

	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	44.27	44.27	44.27	44.38	44.38	44.38	44.38	44.38
	3.95	3.69	3.82	4.28	4.36	4.03	3.89	3.71
	0.01	0.01	0.01	0.13	0.01	0.01	0.01	0.03
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	51.76	52.03	51.89	51.21	51.25	51.58	51.71	51.88

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-08-12

Copy of Newspaper Publication

2026-08-12 - Prakash Industries Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-11

Outcome of Board Meeting

2026-08-11 - Prakash Industries Limited has informed the Exchange regarding the appointment of Senior Management Personnel of the Company

2026-08-11

Outcome of Board Meeting

2026-08-11 - Prakash Industries Limited has informed the Exchange regarding the appointment of Statutory Auditor

2026-08-11

Press Release

2026-08-11 - Prakash Industries Limited has informed the Exchange regarding a press release dated August 11, 2026, titled "Press Release".

2026-08-11

Outcome of Board Meeting

2026-08-11 - Prakash Industries Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.

2026-08-04

Copy of Newspaper Publication

2026-08-04 - Prakash Industries Limited has informed the Exchange about Copy of Newspaper Publication on transfer of unclaimed dividend and equity shares to Investor Education and Protection fund

2026-07-15

Certificate under SEBI (Depositories and Participants) Regulations, 2018

2026-07-15 - Prakash Industries Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018

2026-07-15

Structural Digital Database

2026-07-15 - Structural Digital Database

2026-06-27

Trading Window

2026-06-27 - Prakash Industries Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015

News

Recent coverage and analyst commentary for PRAKASH

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Free 5nance Account

Name

JSWSTEEL

1306.00

12.89

319376.29

0.54

4696.00

112.58

47364.00

11.55

20.67

19.60

TATASTEEL

183.60

20.77

229196.25

2.18

2385.24

18.82

60794.29

15.26

12.70

15.40

SAIL

196.35

18.98

81102.86

1.20

1644.05

120.80

26245.67

1.25

7.08

15.92

WELCORP

2522.00

28.81

66528.00

0.20

1047.88

200.11

4081.12

14.91

23.94

32.17

APLAPOLLO

2217.80

50.10

61579.08

0.38

263.11

10.94

5606.71

12.07

31.83

7.34

JSL

733.55

18.62

60475.30

0.55

768.66

7.56

11278.54

10.50

19.19

12.09

SHYAMMETL

1072.40

26.65

29934.10

0.42

350.73

20.66

5455.09

23.45

13.88

14.03

JINDALSAW

309.55

30.29

19795.98

0.65

90.79

-78.15

4452.31

9.00

10.38

8.79

RATNAMANI

2629.05

42.57

18427.54

0.38

107.03

-15.82

971.63

-15.63

18.01

16.69

SARDAEN

490.90

15.31

17298.40

0.41

478.13

9.50

1608.04

-1.07

17.76

41.59

GPIL

239.75

20.01

16140.90

0.42

222.37

2.75

1750.47

32.29

20.20

19.36

PRAKASH

124.50

5.77

2229.57

1.45

71.27

-22.02

1032.00

-0.49

11.60

14.28

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

1,013

889

885

890

1,167

1,077

926

845

1,037

723

799

920

1,032

895

761

762

767

1,035

946

801

713

899

615

674

777

946

Operating Profit

118

128

123

132

131

125

132

138

108

124

143

147

OPM %

11.64%

14.43%

13.95%

13.81%

11.30%

12.20%

13.47%

15.58%

13.30%

14.96%

15.59%

15.51%

14.28%

Other Income

Interest

Depreciation

Tax %

0.00%

-2.30%

0.00%

0.05%

0.50%

0.00%

-2.84%

0.00%

23.15%

Net Profit

Equity Capital

179

Reserves

Promoter Pledge %

0.00%

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

TTM

2,053

2,174

2,935

3,588

2,974

3,216

3,929

3,444

3,678

4,014

3,474

1,862

1,910

2,351

2,800

2,625

2,901

3,538

3,031

3,185

3,495

3,012

Operating Profit

196

266

598

795

356

323

399

425

556

545

—

OPM %

—

Other Income

Interest

102

Depreciation

102

103

121

134

145

154

158

152

153

143

169

388

553

118

169

190

346

356

332

Tax %

-1

Net Profit

386

539

118

169

190

348

355

313

EPS

—

Dividend Payout %

—

Minority Interest

Share of Associates

Adjusted EPS

—

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

LIABILITIES

Equity Capital

134

139

157

163

171

179

2,003

2,082

2,504

2,605

2,733

2,720

2,633

2,775

2,845

3,140

625

143

115

151

134

137

198

105

201

Trade Payables

140

148

144

157

151

203

188

112

511

800

816

748

683

691

851

896

742

853

Total Liabilities

3,362

3,262

3,732

3,816

3,866

3,884

3,912

4,251

4,059

4,485

ASSETS

1,635

1,578

2,377

2,357

3,013

2,976

2,939

3,118

2,720

3,274

Capital Work in Progress

955

1,141

690

710

171

122

172

495

183

188

251

233

137

294

348

312

301

484

174

Cash & Bank

211

298

276

271

567

326

367

471

486

447

368

351

183

283

Total Assets

3,362

3,262

3,732

3,816

3,866

3,884

3,912

4,251

4,059

4,485

Total Debt

821

866

818

661

572

553

481

506

268

328

Net Working Capital

-156

-174

-2

162

220

-15

237

Contingent Liabilities

110

143

145

147

199

275

230

210

Book Value per Share

158.93

159.72

169.59

169.49

169.58

161.90

157.04

164.94

168.85

185.32

Face Value

10.00

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

242

269

476

696

388

159

350

585

601

142

Cash from Investing

-149

-248

-480

-535

-248

-129

-299

-545

-320

-126

Cash from Financing

-103

-14

-169

-126

-43

-59

-38

-288

-10

-8

-13

-8

-6

Free Cash Flow

242

696

128

305

133

264

-47

OCF / Net Profit

10.36

3.32

1.23

1.29

3.28

1.67

2.07

3.07

1.73

0.40

Cumulative 5-Year FCF

1,126

974

1,239

1,353

921

746

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

PER SHARE

EPS (₹)

1.74

5.83

24.62

33.01

6.90

5.32

9.42

10.64

19.44

19.85

Book Value (₹)

158.93

159.72

169.59

169.49

169.58

161.90

157.04

164.94

168.85

185.32

Dividend per Share (₹)

0.00

1.20

0.00

1.20

1.50

Cash EPS (₹)

9.31

13.23

32.33

41.21

15.36

13.91

18.24

19.11

27.97

27.82

PROFITABILITY

Operating Margin %

8.60%

11.03%

19.90%

22.17%

11.97%

10.03%

10.16%

12.33%

13.40%

12.94%

Net Margin %

1.02%

3.35%

12.85%

15.03%

3.97%

2.96%

4.29%

5.53%

9.47%

8.85%

ROE %

1.10%

3.72%

15.83%

19.86%

4.17%

3.29%

5.91%

6.61%

11.65%

11.21%

ROCE %

3.16%

5.41%

14.38%

18.53%

6.03%

4.87%

7.16%

8.08%

11.96%

11.60%

0.69%

2.45%

11.05%

14.29%

3.08%

2.46%

4.33%

4.67%

8.38%

8.32%

EFFICIENCY

Debtor Days

Inventory Days

Payable Days

FINANCIAL HEALTH

Debt to Equity (x)

0.38x

0.39x

0.31x

0.24x

0.20x

0.19x

0.17x

0.09x

0.10x

Interest Coverage (x)

1.33x

2.18x

5.36x

6.41x

2.27x

2.30x

3.32x

3.31x

7.02x

8.68x

0.72x

0.70x

1.01x

1.00x

1.01x

1.30x

1.35x

0.98x

1.01x

1.26x

GROWTH

Revenue Growth %

-27.61%

5.85%

35.03%

22.24%

-17.11%

8.15%

22.17%

-12.34%

6.80%

9.15%

Operating Profit Growth %

-53.01%

35.77%

124.61%

32.89%

-55.26%

-9.33%

23.78%

6.32%

31.06%

-2.06%

Net Profit Growth %

150.32%

246.45%

376.85%

39.60%

-78.08%

-19.34%

76.99%

12.90%

82.79%

2.09%

0.00%

82.78%

2.09%

VALUATION

P/E (x)

0.00x

8.54x

8.03x

P/B (x)

0.00x

0.98x

0.86x

Dividend Yield %

0.00%

0.72%

0.94%

0.00x

5.33x

5.34x

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

44.27

44.38

3.95

3.69

3.82

4.28

4.36

4.03

3.89

3.71

0.01

0.13

0.01

0.03

Government

0.00

51.76

52.03

51.89

51.21

51.25

51.58

51.71

51.88

Prakash Industries Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

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Shareholding Pattern

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Prakash Industries Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI