Prakash Pipes

Why is Prakash Pipes Ltd. falling/rising?

As of 10-Aug, Prakash Pipes Ltd. is facing a decline in its stock price, currently at Rs 261.90, down -0.4%. The stock has underperformed its sector and has seen a significant drop of -25.85% over the past year, influenced by a premium valuation despite positive factors like being net-debt free.

As of 10-Aug, Prakash Pipes Ltd. is experiencing a decline in its stock price, currently at Rs 261.90, which reflects a change of -1.05 (-0.4%). This downward movement is evident as the stock opened with a loss of -2.26% today and reached an intraday low of Rs 252.45, marking a decrease of -3.99%. <BR><BR>In terms of performance, the stock has underperformed its sector by -1.61% today. Over the past month, it has declined by -2.84%, contrasting with the Sensex, which has increased by +1.25%. Furthermore, the stock has shown a significant drop of -25.85% over the past year, while its profits have fallen by -47.9%. <BR><BR>Despite some positive factors, such as being net-debt free and having a high return on equity (ROE) of 17.76%, the stock is trading at a premium compared to its peers' average historical valuations. This premium valuation, combined with the recent performance metrics, contributes to the current decline in stock price. Additionally, while there has been a rise in investor participation, with delivery volume increasing by 53.79% against the 5-day average, it has not been sufficient to counteract the overall negative trends affecting the stock.

Which are the latest news on Prakash Pipes?

Should I buy, sell or hold Prakash Pipes Ltd.?

What does Prakash Pipes do?

Prakash Pipes Ltd. manufactures PVC pipes and fittings and is categorized as a Micro Cap company. As of March 2026, it reported net sales of ₹223 Cr and a net profit of ₹13 Cr, with a market cap of ₹573 Cr.

Overview:<BR>Prakash Pipes Ltd. is engaged in the manufacturing of PVC pipes and fittings, operating within the Plastic Products - Industrial industry and categorized as a Micro Cap company.<BR><BR>History:<BR>Prakash Pipes Ltd. was incorporated on June 29, 2017, as a subsidiary of Prakash Industries Limited in India. The company has reported net sales and profit for the latest quarter ending March 2026.<BR><BR>Financial Snapshot:<BR>- Net Sales: 223 Cr (Quarterly Results - Mar 2026)<BR>- Net Profit: 13 Cr (Quarterly Results - Mar 2026)<BR>- Market Cap: INR 573 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>- P/E: 13.00<BR>- Industry P/E: 36<BR>- Dividend Yield: 1.43%<BR>- Debt Equity: -0.08<BR>- Return on Equity: 9.04%<BR>- Price to Book: 1.18<BR><BR>Contact Details:<BR>Details: No Company Details Available<BR>Registrar Address: Not available.

How big is Prakash Pipes?

As of 10th June, Prakash Pipes Ltd. has a market capitalization of 573.00 Cr, with recent net sales of 788.71 Cr and a net profit of 43.26 Cr. The company has shareholder's funds of 443.71 Cr and total assets of 575.58 Cr as of March 2025.

As of 10th June, Prakash Pipes Ltd. has a market capitalization of 573.00 Cr, categorizing it as a Micro Cap company.<BR><BR>In the latest four quarters, Prakash Pipes reported Net Sales of 788.71 Cr and a Net Profit of 43.26 Cr.<BR><BR>For the latest annual period ending March 2025, the company has Shareholder's Funds amounting to 443.71 Cr and Total Assets of 575.58 Cr.

Who are in the management team of Prakash Pipes?

The management team of Prakash Pipes includes V P Agarwal (Chairman), Kanha Agarwal (Managing Director/CEO), Vikram Agarwal (Non-Executive Director), and three Independent Non-Executive Directors: Satram Keswani, Parveen Gupta, and Satish Chander Gosain.

The management team of Prakash Pipes includes the following individuals:<BR><BR>1. **V P Agarwal** - Chairman & Non-Executive Director<BR>2. **Kanha Agarwal** - Executive Director / Managing Director / CEO / Promoter<BR>3. **Vikram Agarwal** - Non-Executive Director<BR>4. **Satram Keswani** - Independent Non-Executive Director<BR>5. **Parveen Gupta** - Independent Non-Executive Director<BR>6. **Satish Chander Gosain** - Independent Non-Executive Director<BR><BR>If you need more details about their roles or the company, feel free to ask!

Who are the peers of the Prakash Pipes?

Prakash Pipes' peers include Jain Irrigation, Apollo Pipes, Jai Corp, and others, with varying management risks and growth ratings. Shish Industries leads in 1-year returns at 43.99%, while Jain Irrigation has the lowest at -52.97%, with Prakash Pipes at -42.81%.

Peers: The peers of Prakash Pipes are Jain Irrigation, Apollo Pipes, Jai Corp, All Time Plastic, Premier Polyfilm, Shish Industries, Captain Polyplas, Kisan Mouldings, Dhabriya Poly.<BR><BR>Quality Snapshot: Excellent management risk is observed at Apollo Pipes and Dhabriya Poly, while Good management risk is found at Prakash Pipes. Below Average management risk is present at Jain Irrigation, Jai Corp, and Kisan Mouldings, and Average management risk is seen at All Time Plastic, Shish Industries, Captain Polyplas, and Kriti Industries. Growth is rated as Good for Jain Irrigation and Dhabriya Poly, while Average growth is found at Shish Industries, and Below Average growth is observed at Apollo Pipes, Jai Corp, All Time Plastic, Premier Polyfilm, Captain Polyplas, Kisan Mouldings, and Kriti Industries. Excellent capital structure is noted for Jai Corp and Premier Polyfilm, while Good capital structure is observed at Apollo Pipes, All Time Plastic, and Prakash Pipes, and Below Average capital structure is present at Jain Irrigation, Captain Polyplas, and Kisan Mouldings.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Shish Industries at 43.99%, while Jain Irrigation has the lowest at -52.97%. Prakash Pipes' 1-year return of -42.81% is better than Jain Irrigation's but worse than Shish Industries'. Additionally, the six-month return is negative for Jain Irrigation, Jai Corp, All Time Plastic, Captain Polyplas, Dhabriya Poly, and Kriti Industries.

Are Prakash Pipes Ltd. latest results good or bad?

Prakash Pipes Ltd.'s latest results show strong revenue growth of 23.19% quarter-on-quarter, but declining operating margins at 7.65% and a year-on-year net profit drop of 30.99% raise concerns about long-term profitability. Investors should be cautious due to reliance on non-operational income and margin pressures.

Prakash Pipes Ltd.'s latest results present a mixed picture. On one hand, the company achieved robust revenue growth, with net sales increasing by 23.19% quarter-on-quarter and 21.97% year-on-year, reaching ₹223.15 crores in Q4 FY26. This growth reflects successful volume expansion in the industrial PVC segment and market share gains.<BR><BR>However, the financial performance is overshadowed by significant margin pressures. The operating margin, excluding other income, fell to 7.65%, marking a seven-quarter low and a decline from 9.78% in the previous quarter and 9.58% in the same period last year. This contraction raises concerns about the company's pricing power and cost management in a competitive market.<BR><BR>Net profit for the quarter was ₹13.48 crores, showing a sequential improvement of 33.36% but a concerning year-on-year decline of 30.99%. Notably, a substantial portion of this profit came from other income, which accounted for 34.29% of profit before tax, indicating a reliance on non-operational sources for profitability.<BR><BR>Overall, while the revenue growth is a positive sign, the declining margins and heavy dependence on other income suggest underlying challenges that could impact the company's long-term profitability. Investors should be cautious and consider these factors when evaluating Prakash Pipes Ltd.'s current performance.

Has Prakash Pipes declared dividend?

Yes, Prakash Pipes Ltd. has declared a 10% dividend, with an ex-date of December 24, 2025. While recent total returns have been negative in shorter periods, longer-term returns show a recovery trend, with a total return of 159.85% over five years.

Prakash Pipes Ltd. has declared a dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 10%<BR>- Ex-date: 24 Dec 25<BR><BR>Dividend Yield: 1.01%.<BR><BR>Total Returns by Period:<BR>In the 3-month period, the price return was -24.24%, the dividend return was 0.32%, resulting in a total return of -23.92%.<BR><BR>In the 6-month period, the price return was -39.66%, the dividend return was 0.86%, leading to a total return of -38.8%.<BR><BR>For the 1-year period, the price return was -53.96%, the dividend return was 0.69%, which resulted in a total return of -53.27%.<BR><BR>During the 2-year period, the price return was -43.48%, the dividend return was 1.27%, culminating in a total return of -42.21%.<BR><BR>In the 3-year period, the price return was 49.68%, the dividend return was 3.89%, resulting in a total return of 53.57%.<BR><BR>For the 4-year period, the price return was 84.3%, the dividend return was 5.41%, leading to a total return of 89.71%.<BR><BR>Over the 5-year period, the price return was 152.4%, the dividend return was 7.45%, culminating in a total return of 159.85%.<BR><BR>Overall, Prakash Pipes Ltd. has declared a dividend, but the total returns over various periods show significant volatility, with negative returns in the shorter terms and positive returns in the longer terms, indicating a recovery trend over time.

How has been the historical performance of Prakash Pipes?

Prakash Pipes has shown consistent growth in net sales and profitability, with net sales increasing from 385.14 Cr in Mar'20 to 780.48 Cr in Mar'25, and profit after tax rising from 24.75 Cr to 83.10 Cr in the same period, despite a slight decrease in operating profit margin. Total assets also grew significantly from 155.90 Cr to 575.58 Cr, reflecting strong operational efficiency and financial health.

Answer:<BR>The historical performance of Prakash Pipes shows a consistent growth trajectory in net sales and profitability over the years.<BR><BR>Breakdown:<BR>Prakash Pipes has demonstrated a steady increase in net sales, rising from 385.14 Cr in Mar'20 to 780.48 Cr in Mar'25, with a notable peak of 709.21 Cr in Mar'23 before reaching 669.35 Cr in Mar'24. Total operating income followed a similar trend, reflecting the same values as net sales. The raw material costs have also increased, reaching 543.32 Cr in Mar'25 from 300.06 Cr in Mar'20, while total expenditure (excluding depreciation) rose to 662.77 Cr in Mar'25 from 346.77 Cr in Mar'20. Operating profit (PBDIT) has shown significant growth, climbing from 42.44 Cr in Mar'20 to 130.22 Cr in Mar'25, although the operating profit margin slightly decreased from 16.04% in Mar'24 to 15.08% in Mar'25. Profit before tax increased to 112.17 Cr in Mar'25 from 34.30 Cr in Mar'20, and profit after tax reached 83.10 Cr in Mar'25, up from 24.75 Cr in Mar'20. The company's total assets grew from 155.90 Cr in Mar'20 to 575.58 Cr in Mar'25, while total liabilities increased from 155.90 Cr to 575.58 Cr in the same period. Cash flow from operating activities improved to 73.00 Cr in Mar'25 from 13.00 Cr in Mar'20, indicating enhanced operational efficiency. Overall, Prakash Pipes has shown robust growth in sales, profits, and asset base over the years.

Is Prakash Pipes technically bullish or bearish?

As of November 4, 2025, Prakash Pipes exhibits a strong bearish trend, supported by bearish MACD, Bollinger Bands, and moving averages, despite a mildly bullish monthly RSI.

As of 4 November 2025, the technical trend has changed from mildly bearish to bearish. The current technical stance for Prakash Pipes is bearish with a strong indication of weakness. The MACD is bearish on both the weekly and monthly time frames, reinforcing the bearish outlook. The Bollinger Bands also indicate a bearish trend on both weekly and monthly charts. Daily moving averages confirm the bearish sentiment. Although the monthly RSI shows bullishness, it is overshadowed by the overall bearish indicators. The KST is bearish on the weekly and mildly bearish on the monthly, further supporting the bearish stance. Overall, the combination of these indicators suggests a significant bearish trend.

When is the next results date for Prakash Pipes?

The next results date for Prakash Pipes is 14 August 2025.

The next results date for Prakash Pipes is scheduled for 14 August 2025.

Is Prakash Pipes overvalued or undervalued?

As of November 18, 2024, Prakash Pipes is considered fairly valued with a PE ratio of 11.68 and an EV to EBITDA of 6.15, despite a year-to-date stock decline of -18.31% compared to the Sensex's 5.56%, supported by strong fundamentals like a ROCE of 69.61%.

As of 18 November 2024, the valuation grade for Prakash Pipes has moved from very attractive to attractive, indicating a shift in market perception. The company is currently assessed as fairly valued. Key ratios include a PE ratio of 11.68, an EV to EBITDA of 6.15, and a ROE of 20.25%. <BR><BR>In comparison to its peers, Prakash Pipes' PE ratio is competitive, with similar companies showing higher valuations. For instance, its EV to EBITDA ratio of 6.15 is on par with industry standards, suggesting that the company is positioned well within its sector. Despite a recent decline in stock performance relative to the Sensex, where Prakash Pipes has returned -18.31% YTD compared to the Sensex's 5.56%, its strong fundamentals, including a high ROCE of 69.61%, support a valuation that reflects its potential for growth.

Who are the top shareholders of the Prakash Pipes?

The top shareholders of Prakash Pipes include promoter Ved Prakash Agarwal with 19.02%, public shareholder Dolly Khanna at 4.08%, and individual investors holding 42.74%. There are also 28 Foreign Institutional Investors with 1.29% and five mutual fund schemes with 0.01%, with no pledged promoter holdings.

The top shareholders of Prakash Pipes include Ved Prakash Agarwal, who is the promoter with the highest holding at 19.02%. The highest public shareholder is Dolly Khanna, holding 4.08%. Additionally, individual investors collectively hold 42.74% of the shares. The company also has 28 Foreign Institutional Investors (FIIs) with a combined holding of 1.29%, and five mutual fund schemes holding a very small percentage of 0.01%. Notably, there are no pledged promoter holdings.