Prakash Steelage Ltd.
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ABOUT
AI Sector View
AI GENERATEDMetals & Mining
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.
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
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| JSWSTEEL | 1267.50 | 12.51 | 309961.29 | 0.56 | 4696.00 | 112.58 | 47364.00 | 11.55 | 20.67 | 19.60 |
| TATASTEEL | 182.85 | 20.69 | 228259.99 | 2.19 | 2385.24 | 18.82 | 60794.29 | 15.26 | 12.70 | 15.40 |
| SAIL | 179.00 | 17.31 | 73936.40 | 1.31 | 1644.05 | 120.80 | 26245.67 | 1.25 | 7.08 | 15.92 |
| WELCORP | 2676.25 | 30.57 | 70596.97 | 0.19 | 1047.88 | 200.11 | 4081.12 | 14.91 | 23.94 | 32.17 |
| JSL | 755.20 | 19.16 | 62260.17 | 0.53 | 768.66 | 7.56 | 11278.54 | 10.50 | 19.19 | 12.09 |
| APLAPOLLO | 2153.00 | 48.64 | 59779.85 | 0.39 | 263.11 | 10.94 | 5606.71 | 12.07 | 31.83 | 7.34 |
| SHYAMMETL | 1074.35 | 26.70 | 29988.53 | 0.42 | 350.73 | 20.66 | 5455.09 | 23.45 | 13.88 | 14.03 |
| JINDALSAW | 311.85 | 30.52 | 19943.06 | 0.64 | 90.79 | -78.15 | 4452.31 | 9.00 | 10.38 | 8.79 |
| RATNAMANI | 2808.15 | 45.47 | 19682.88 | 0.36 | 107.03 | -15.82 | 971.63 | -15.63 | 18.01 | 16.69 |
| SARDAEN | 524.75 | 16.37 | 18491.21 | 0.38 | 478.13 | 9.50 | 1608.04 | -1.07 | 17.76 | 41.59 |
| GPIL | 244.50 | 20.41 | 16460.69 | 0.41 | 222.37 | 2.75 | 1750.47 | 32.29 | 20.20 | 19.36 |
| PRAKASHSTL | 3.74 | 105.23 | 65.45 | 0.00 | 0.16 | -56.84 | 16.81 | 2.31 | 19.98 | 2.65 |
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:
- 9%
- 5 Years:
- 12%
- 3 Years:
- -18%
- 1 Year:
- -34%
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 | |
|---|---|---|---|---|---|---|---|---|---|---|
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
2026-09-09 - Mrs. DHELIBEN MAFATLAL SETH has submitted to the Exchange a copy of Disclosures under Regulation 10(6)-Report to stock Exchange in respect of any acquisition made in reliance upon exemption provided for in regulation 10 of SEBI (SAST) Regulations, 2011.
2026-09-04 - Prakash Steelage Limited has informed the Exchange about Copy of Newspaper Publication
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 - 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 - 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 - Prakash Steelage Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 28, 2026
2026-09-02 - Prakash Steelage Limited has informed the Exchange about Copy of Newspaper Publication
2026-08-14 - Prakash Steelage Limited has informed the Exchange about Copy of Newspaper Publication
2026-08-13 - Prakash Steelage Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
News
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