Prakash Steelage Ltd.

•

prakashsteelage.comBSE: 533239NSE: PRAKASHSTL

Market Cap₹ 67 Cr.

Current Price

High / Low₹ 7 / 4

Stock P/E107.8

Book Value₹ 1

Price to Book12.72

Dividend Yield0.00 %

ROCE20.0 %

ROE15.6 %

Face Value₹ 1

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ABOUT

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 sales growth of 18.7% CAGR over last 5 years
Company comfortably covers its interest (21.2x coverage)
Company generates healthy free cash flow
Company maintains a comfortable, low leverage position
Company converts assets efficiently - asset turnover of 2.0x

CONS

Operating cash flow has been negative in recent years
Recent results are weak - TTM profit is down 63.3% versus prior year
A large part of profit comes from other income (73.8% of PBT)
Receivables are growing faster than sales - a possible quality concern
Company has a low return on capital employed of 6.7%
Company has a low return on equity of 5.2% over last 3 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	1325.00	13.07	324022.65	0.54	4696.00	112.58	47364.00	11.55	20.67	19.60
2.	TATASTEEL	189.00	21.38	235937.32	2.12	2385.24	18.82	60794.29	15.26	12.70	15.40
3.	SAIL	197.10	19.06	81412.65	1.19	1644.05	120.80	26245.67	1.25	7.08	15.92
4.	WELCORP	2591.20	29.60	68353.43	0.19	1047.88	200.11	4081.12	14.91	23.94	32.17
5.	APLAPOLLO	2250.00	50.83	62473.14	0.38	263.11	10.94	5606.71	12.07	31.83	7.34
6.	JSL	737.70	18.72	60817.43	0.54	768.66	7.56	11278.54	10.50	19.19	12.09
7.	SHYAMMETL	1066.05	26.49	29756.85	0.42	350.73	20.66	5455.09	23.45	13.88	14.03
8.	JINDALSAW	305.30	29.88	19524.19	0.66	90.79	-78.15	4452.31	9.00	10.38	8.79
9.	RATNAMANI	2732.25	44.24	19150.89	0.37	107.03	-15.82	971.63	-15.63	18.01	16.69
10.	SARDAEN	508.95	15.87	17934.44	0.39	478.13	9.50	1608.04	-1.07	17.76	41.59
11.	GPIL	240.90	20.11	16218.33	0.42	222.37	2.75	1750.47	32.29	20.20	19.36
12.	PRAKASHSTL	3.83	107.76	67.03	0.00	0.16	-56.84	16.81	2.31	19.98	2.65

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
	29	25	26	26	17	19	19	21	16	25	24	25	17
	28	24	25	26	17	19	18	21	16	25	24	24	17
Operating Profit	1	1	1	0	-1	0	1	1	0	0	1	0	0
OPM %	4.20%	4.10%	4.91%	0.16%	-3.40%	1.09%	6.29%	3.24%	2.68%	1.20%	2.78%	1.25%	1.24%
	20	0	0	36	1	0	0	0	0	0	0	0	0
Interest	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0
Profit before Tax	21	1	1	35	0	0	1	0	0	0	0	0	0
Tax %	0.28%	0.00%	2.88%	0.90%	38.46%	34.15%	27.66%	45.83%	5.00%	25.00%	24.44%	77.78%	24.07%
Net Profit	21	1	1	35	0	0	1	0	0	0	0	0	0
	1.20	0.05	0.06	2.00	0.00	0.02	0.04	0.01	0.02	0.00	0.02	0.00	0.01

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
	555	145	46	43	33	24	46	95	106	77	91
	590	191	45	40	29	27	43	92	102	75	90
Operating Profit	-35	-46	1	3	4	-2	4	2	4	2	1
OPM %	-6.34%	-31.63%	2.45%	6.38%	11.18%	-9.16%	7.86%	2.62%	3.36%	2.01%	1.64%
	-9	-91	-247	13	-2	48	163	2	56	1	0
Interest	29	11	0	0	0	0	3	0	0	0	0
Depreciation	8	3	3	2	2	2	1	1	1	1	1
Profit before Tax	-81	-151	-248	14	-1	44	163	3	58	2	1
Tax %	-1.13%	-0.06%	3.02%	0.39%	71.72%	-14.57%	-0.29%	-34.35%	0.72%	34.11%	34.37%
Net Profit	-81	-152	-241	14	-0	51	164	4	58	1	1
EPS	0.00	0.00	0.00	0.00	0.00	2.90	9.34	0.24	3.31	0.07	—
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	—

COMPOUNDED SALES GROWTH

10 Years:: -23%
5 Years:: 19%
3 Years:: 18%

COMPOUNDED PROFIT GROWTH

10 Years:: -21%
5 Years:: —
3 Years:: -80%

STOCK PRICE CAGR

10 Years:: 8%
5 Years:: 8%
3 Years:: -14%
1 Year:: -31%

RETURN ON EQUITY

10 Years:: -47%
5 Years:: 3%
3 Years:: 5%
Last Year:: 16%

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
Equity Capital	18	18	18	18	18	18	18	18	18	18
	93	-58	-299	-286	-286	-235	-72	-68	-10	-9
	235	247	243	243	243	192	34	29	0	4
Trade Payables	120	107	94	68	51	49	52	52	26	18
	31	17	11	10	12	6	6	5	5	5
Total Liabilities	497	330	66	53	38	30	37	36	39	37
	19	14	16	13	11	9	6	6	6	5
Capital Work in Progress	5	6	0	0	0	0	0	0	0	0
	3	3	3	3	3	0	0	0	0	0
	46	19	8	7	11	10	20	16	18	16
	0	0	0	0	0	0	0	0	12	12
Cash & Bank	4	2	0	0	0	1	1	1	1	1
	419	287	38	29	12	10	10	14	3	3
Total Assets	497	330	66	53	38	30	37	36	39	37

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
	26	-54	1	-20	-2	1	38	6	29	-3
Cash from Investing	45	21	4	20	-0	51	-0	-1	-1	-0
Cash from Financing	-71	33	-4	-0	0	-51	-38	-5	-29	4
	-2	-0	0	-0	-0	0	0	0	-0	-0

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 (₹)	-4.65	-8.66	-13.76	0.79	-0.01	2.90	9.34	0.24	3.31	0.07
Book Value (₹)	6.31	-2.34	-16.10	-15.32	-15.33	-12.44	-3.10	-2.87	0.44	0.51
Dividend per Share (₹)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash EPS (₹)	-4.21	-8.47	-13.60	0.92	0.10	2.99	9.40	0.29	3.36	0.13
PROFITABILITY
Operating Margin %	-3.86%	-18.47%	8.12%	58.27%	13.50%	-5.44%	93.35%	4.30%	3.36%	2.01%
Net Margin %	-14.33%	-102.46%	-516.29%	31.96%	-0.73%	207.47%	353.74%	4.37%	54.73%	1.69%
ROE %	-53.86%	-435.41%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	15.59%
ROCE %	-13.82%	-54.00%	-296.33%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	19.98%
	-12.59%	-36.65%	-121.66%	23.23%	-0.53%	149.94%	486.13%	11.24%	152.96%	3.41%
EFFICIENCY
Debtor Days	213	537	624	156	128	111	39	27	39	56
Inventory Days	100	80	105	63	103	156	117	68	57	81
Payable Days	142	230	986	1093	1097	933	644	242	166	138
	172	387	-257	-874	-866	-666	-488	-147	-70	-1
FINANCIAL HEALTH
Debt to Equity (x)	1.84x	-6.05x	-0.86x	-0.91x	-0.91x	-0.88x	-0.63x	-0.58x	0.02x	0.44x
Interest Coverage (x)	-1.81x	-12.70x	-4744.06x	448.22x	-16.32x	204.51x	52.55x	35.75x	300.61x	21.17x
	1.40x	0.84x	0.13x	0.11x	0.08x	0.08x	0.33x	0.34x	1.04x	1.10x
GROWTH
Revenue Growth %	-48.24%	-73.86%	-68.55%	-5.81%	-24.40%	-24.73%	88.92%	105.47%	11.37%	-27.61%
Operating Profit Growth %	-127.71%	-24.50%	113.85%	561.67%	-82.48%	-130.32%	3343.43%	-90.53%	501.65%	-87.84%
Net Profit Growth %	-679.26%	-86.08%	-58.86%	105.71%	-101.73%	0.00%	222.12%	-97.46%	1296.19%	-97.76%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1296.17%	-97.76%
VALUATION
P/E (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	2.34x	87.43x
P/B (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	17.58x	12.72x
Dividend Yield %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	5.49x	38.92x

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	33.52	33.55	33.55	33.56	33.56	33.56	33.56	33.56	33.56
	0.06	0.00	0.00	0.00	0.16	0.00	0.00	0.00	0.00
DIIs	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	66.42	66.45	66.45	66.44	66.28	66.44	66.44	66.44	66.44

Documents

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

2026-09-04

Copy of Newspaper Publication

2026-09-04 - Prakash Steelage Limited has informed the Exchange about Copy of Newspaper Publication

2026-09-03

Disclosure under SEBI Takeover Regulations

2026-09-03 - Mrs. DHELIBEN MAFATLAL SETH has Submitted to the Exchange a copy of Disclosure under Regulation 10 (5) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

2026-09-03

General Updates

2026-09-03 - Prakash Steelage Limited has informed the Exchange regarding 'Letter to the Members pursuant to Regulation 36(1)(b) of SEBI (LODR) Regulations, 2015'.

2026-09-03

Record Date

2026-09-03 - Prakash Steelage Limited has informed the Exchange that Register of Members & Share Transfer Books of the Company will remain closed from 21-Sep-2026 to 28-Sep-2026 for the purpose of Annual General Meeting.

2026-09-03

Shareholders meeting

2026-09-03 - Prakash Steelage Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 28, 2026

2026-09-02

Copy of Newspaper Publication

2026-09-02 - Prakash Steelage Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-14

Copy of Newspaper Publication

2026-08-14 - Prakash Steelage Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-13

Outcome of Board Meeting

2026-08-13 - Prakash Steelage Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.

2026-07-15

Certificate under SEBI (Depositories and Participants) Regulations, 2018

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

News

Recent coverage and analyst commentary for PRAKASHSTL

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Prakash Steelage Ltd.

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Name

JSWSTEEL

1325.00

13.07

324022.65

0.54

4696.00

112.58

47364.00

11.55

20.67

19.60

TATASTEEL

189.00

21.38

235937.32

2.12

2385.24

18.82

60794.29

15.26

12.70

15.40

SAIL

197.10

19.06

81412.65

1.19

1644.05

120.80

26245.67

1.25

7.08

15.92

WELCORP

2591.20

29.60

68353.43

0.19

1047.88

200.11

4081.12

14.91

23.94

32.17

APLAPOLLO

2250.00

50.83

62473.14

0.38

263.11

10.94

5606.71

12.07

31.83

7.34

JSL

737.70

18.72

60817.43

0.54

768.66

7.56

11278.54

10.50

19.19

12.09

SHYAMMETL

1066.05

26.49

29756.85

0.42

350.73

20.66

5455.09

23.45

13.88

14.03

JINDALSAW

305.30

29.88

19524.19

0.66

90.79

-78.15

4452.31

9.00

10.38

8.79

RATNAMANI

2732.25

44.24

19150.89

0.37

107.03

-15.82

971.63

-15.63

18.01

16.69

SARDAEN

508.95

15.87

17934.44

0.39

478.13

9.50

1608.04

-1.07

17.76

41.59

GPIL

240.90

20.11

16218.33

0.42

222.37

2.75

1750.47

32.29

20.20

19.36

PRAKASHSTL

3.83

107.76

67.03

0.00

0.16

-56.84

16.81

2.31

19.98

2.65

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

Operating Profit

-1

OPM %

4.20%

4.10%

4.91%

0.16%

-3.40%

1.09%

6.29%

3.24%

2.68%

1.20%

2.78%

1.25%

1.24%

Interest

Depreciation

Profit before Tax

Tax %

0.28%

0.00%

2.88%

0.90%

38.46%

34.15%

27.66%

45.83%

5.00%

25.00%

24.44%

77.78%

24.07%

Net Profit

1.20

0.05

0.06

2.00

0.00

0.02

0.04

0.01

0.02

0.00

0.02

0.00

0.01

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

TTM

555

145

106

590

191

102

Operating Profit

-35

-46

-2

OPM %

-6.34%

-31.63%

2.45%

6.38%

11.18%

-9.16%

7.86%

2.62%

3.36%

2.01%

1.64%

-9

-91

-247

-2

163

Interest

Depreciation

Profit before Tax

-81

-151

-248

-1

163

Tax %

-1.13%

-0.06%

3.02%

0.39%

71.72%

-14.57%

-0.29%

-34.35%

0.72%

34.11%

34.37%

Net Profit

-81

-152

-241

-0

164

EPS

0.00

2.90

9.34

0.24

3.31

0.07

—

Dividend Payout %

0.00%

—

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Equity Capital

-58

-299

-286

-235

-72

-68

-10

-9

235

247

243

192

Trade Payables

120

107

Total Liabilities

497

330

Capital Work in Progress

Cash & Bank

419

287

Total Assets

497

330

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

-54

-20

-2

-3

Cash from Investing

-0

-1

-0

Cash from Financing

-71

-4

-0

-51

-38

-5

-29

-2

-0

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

PER SHARE

EPS (₹)

-4.65

-8.66

-13.76

0.79

-0.01

2.90

9.34

0.24

3.31

0.07

Book Value (₹)

6.31

-2.34

-16.10

-15.32

-15.33

-12.44

-3.10

-2.87

0.44

0.51

Dividend per Share (₹)

0.00

Cash EPS (₹)

-4.21

-8.47

-13.60

0.92

0.10

2.99

9.40

0.29

3.36

0.13

PROFITABILITY

Operating Margin %

-3.86%

-18.47%

8.12%

58.27%

13.50%

-5.44%

93.35%

4.30%

3.36%

2.01%

Net Margin %

-14.33%

-102.46%

-516.29%

31.96%

-0.73%

207.47%

353.74%

4.37%

54.73%

1.69%

ROE %

-53.86%

-435.41%

0.00%

15.59%

ROCE %

-13.82%

-54.00%

-296.33%

0.00%

19.98%

-12.59%

-36.65%

-121.66%

23.23%

-0.53%

149.94%

486.13%

11.24%

152.96%

3.41%

EFFICIENCY

Debtor Days

213

537

624

156

128

111

Inventory Days

100

105

103

156

117

Payable Days

142

230

986

1093

1097

933

644

242

166

138

172

387

-257

-874

-866

-666

-488

-147

-70

-1

FINANCIAL HEALTH

Debt to Equity (x)

1.84x

-6.05x

-0.86x

-0.91x

-0.88x

-0.63x

-0.58x

0.02x

0.44x

Interest Coverage (x)

-1.81x

-12.70x

-4744.06x

448.22x

-16.32x

204.51x

52.55x

35.75x

300.61x

21.17x

1.40x

0.84x

0.13x

0.11x

0.08x

0.33x

0.34x

1.04x

1.10x

GROWTH

Revenue Growth %

-48.24%

-73.86%

-68.55%

-5.81%

-24.40%

-24.73%

88.92%

105.47%

11.37%

-27.61%

Operating Profit Growth %

-127.71%

-24.50%

113.85%

561.67%

-82.48%

-130.32%

3343.43%

-90.53%

501.65%

-87.84%

Net Profit Growth %

-679.26%

-86.08%

-58.86%

105.71%

-101.73%

0.00%

222.12%

-97.46%

1296.19%

-97.76%

0.00%

1296.17%

-97.76%

VALUATION

P/E (x)

0.00x

2.34x

87.43x

P/B (x)

0.00x

17.58x

12.72x

Dividend Yield %

0.00%

0.00x

5.49x

38.92x

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

33.52

33.55

33.56

0.06

0.00

0.16

0.00

DIIs

0.00

Government

0.00

66.42

66.45

66.44

66.28

66.44

Prakash Steelage Ltd.

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Prakash Steelage Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

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