Prakash Steelage

Which are the latest news on Prakash Steelage?

Why is Prakash Steelage Ltd falling/rising?

As of 05-Sep, Prakash Steelage Ltd's stock price is rising to 3.83, reflecting a 4.64% increase after a trend reversal. Despite this short-term gain and increased investor participation, the stock remains below its moving averages, suggesting a potential longer-term downward trend.

As of 05-Sep, Prakash Steelage Ltd's stock price is rising, currently at 3.83, reflecting a change of 0.17 or 4.64% increase. This rise comes after a trend reversal, as the stock has gained after four consecutive days of decline. Additionally, the stock has outperformed its sector by 3.37% today, indicating a positive shift in performance relative to its peers.<BR><BR>Investor participation has also increased, with a delivery volume of 3.64 lacs on September 3, which is a significant rise of 166.25% compared to the five-day average delivery volume. This increase in trading activity suggests growing interest among investors, which can contribute to upward price movement.<BR><BR>However, it is important to note that despite the current rise, the stock is still trading lower than its moving averages across various time frames (5-day, 20-day, 50-day, 100-day, and 200-day), indicating that the overall trend may still be downward in the longer term. Nonetheless, the immediate factors contributing to the stock's rise include the recent performance improvement and heightened investor engagement.

Who are in the management team of Prakash Steelage?

The management team of Prakash Steelage includes Prakash C Kanugo (Chairman & Managing Director), Ashok M Seth (Executive Director & CFO), Hemant P Kanugo (Whole-time Director), and several independent directors: Himanshu J Thakar, A Prakash Chandra Hegde, and Neetta K Bokarnia, along with Himanshu Sethia (Company Secretary & Compliance Officer). They oversee the company's operations and strategic direction.

The management team of Prakash Steelage includes the following individuals:<BR><BR>1. **Prakash C Kanugo** - Chairman & Managing Director<BR>2. **Ashok M Seth** - Executive Director & CFO<BR>3. **Hemant P Kanugo** - Whole-time Director<BR>4. **Himanshu J Thakar** - Independent Director<BR>5. **A Prakash Chandra Hegde** - Independent Director<BR>6. **Neetta K Bokarnia** - Independent Director<BR>7. **Himanshu Sethia** - Company Secretary & Compliance Officer<BR><BR>This team is responsible for overseeing the operations and strategic direction of the company.

What does Prakash Steelage do?

Prakash Steelage Ltd is a micro-cap company specializing in the manufacturing and exporting of stainless steel tubes and pipes. As of June 2026, it reported net sales of 17 Cr and a market cap of INR 69 Cr.

Overview:<BR>Prakash Steelage Ltd is a micro-cap company in the Iron & Steel Products industry, specializing in the manufacturing and exporting of stainless steel tubes and pipes.<BR><BR>History:<BR>The company was incorporated on May 9, 1991, as Prakash Steelage Private Limited and later converted to a Public Limited company on August 12, 1997. The latest quarterly results reported net sales and net profit for June 2026.<BR><BR>Financial Snapshot:<BR>- Net Sales: 17 Cr (Quarterly Results - Jun 2026)<BR>- Net Profit: 0 Cr (Quarterly Results - Jun 2026)<BR>- Market Cap: INR 69 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>- P/E: 109.00<BR>- Industry P/E: 21<BR>- Dividend Yield: 0.00%<BR>- Debt-Equity: -0.03<BR>- Return on Equity: 6.37%<BR>- Price to Book: 7.05<BR><BR>Contact Details:<BR>Address: 101 1st Floor Shatrunjay Apts, 28 Sindhi Lane Nanubhai Desai Rd Mumbai Maharashtra : 400004<BR>Email: cs@prakashsteelage.com<BR>Website: http://www.prakashsteelage.com

Who are the peers of the Prakash Steelage?

Prakash Steelage's peers include Hisar Met. Inds., Sharda Ispat, Zenith Steel, Acrow India, Supreme Engg., Shri Hare-Krish., Mangalam Alloys, and Aditya Ultra. Most peers exhibit below-average growth and management risk, with Hisar Met. Inds. showing the highest 1-year return at -15.66% and Sharda Ispat the lowest at -42.69%.

Peers: The peers of Prakash Steelage are Hisar Met.Inds., Sharda Ispat, Zenith Steel, Acrow India, Supreme Engg., Shri Hare-Krish., Mangalam Alloys, and Aditya Ultra.<BR><BR>Quality Snapshot: Excellent management risk is observed at Shri Hare-Krish., while Average management risk is found at Hisar Met.Inds., Sharda Ispat, and Mangalam Alloys, and the rest. Below Average management risk is present at Acrow India, Supreme Engg., and Aditya Ultra, and the rest. Growth is Below Average for Hisar Met.Inds., Sharda Ispat, Zenith Steel, Acrow India, Supreme Engg., Mangalam Alloys, and Aditya Ultra, and the rest. Prakash Steelage has Below Average growth as well. Capital Structure is Excellent at Shri Hare-Krish., Below Average at Hisar Met.Inds., Sharda Ispat, Acrow India, Supreme Engg., Mangalam Alloys, and Aditya Ultra, and the rest.<BR><BR>Return Snapshot: Hisar Met.Inds. has the highest 1-year return at -15.66%, while Sharda Ispat has the lowest at -42.69%. Prakash Steelage's 1-year return is -29.58%, which is better than Sharda Ispat but worse than Hisar Met.Inds. Additionally, Acrow India is the only peer with a positive six-month return, while all others have negative returns.

How big is Prakash Steelage?

As of 31st August, Prakash Steelage Ltd has a market capitalization of 69.00 Cr, with recent net sales of 91.13 Cr and a net profit of 0.62 Cr. The latest balance sheet from March 2016 shows shareholder's funds of 110.51 Cr and total assets of 496.84 Cr.

As of 31st August, Prakash Steelage Ltd has a market capitalization of 69.00 Cr, categorizing it as a Micro Cap company.<BR><BR>In the latest four quarters, Prakash Steelage reported Net Sales of 91.13 Cr and a Net Profit of 0.62 Cr.<BR><BR>The latest annual period for the balance sheet is March 2016, showing Shareholder's Funds of 110.51 Cr and Total Assets of 496.84 Cr.

Should I buy, sell or hold Prakash Steelage Ltd?

Are Prakash Steelage Ltd latest results good or bad?

Prakash Steelage Ltd's latest Q3 FY26 results show mixed performance, with a 27.08% revenue growth but a concerning 51.52% decline in net profit and a sharp drop in operating margins. Overall, the financial outlook appears negative due to high valuations and bearish market signals, suggesting caution for investors.

Prakash Steelage Ltd's latest results for Q3 FY26 indicate a mixed performance, but overall, the outlook appears concerning. While the company achieved a revenue growth of 27.08% year-on-year, reaching ₹24.45 crores, this was accompanied by a significant decline in net profit, which fell by 51.52% to ₹0.33 crores. This disconnect between revenue growth and profitability raises questions about operational efficiency.<BR><BR>The operating margin has also seen a sharp decline, dropping from 6.34% to just 2.78% year-on-year, indicating severe margin compression likely due to rising input costs and competitive pressures. Furthermore, the company has experienced a quarter-on-quarter revenue decline of 2.43%, suggesting potential demand volatility.<BR><BR>Despite a respectable return on equity of 19.80%, the overall financial health is under pressure, with technical indicators showing bearish signals and the stock trading below key moving averages. The absence of institutional investor interest and a high valuation relative to peers further complicate the investment thesis.<BR><BR>In summary, while there are some positive aspects, such as revenue growth, the significant drop in net profit and operating margins, combined with high valuation and investor sentiment, suggest that the latest results are more negative than positive. Investors should approach with caution.

How has been the historical performance of Prakash Steelage?

Prakash Steelage experienced a significant decline in financial performance from 2014 to 2016, with net sales dropping from 1,019.61 Cr to 560.84 Cr and a shift from profit to a loss of 87.89 Cr. The company faced decreasing revenues, increasing losses, and reduced asset values during this period.

Answer:<BR>The historical performance of Prakash Steelage shows a significant decline in financial metrics from 2014 to 2016.<BR><BR>Breakdown:<BR>Prakash Steelage's net sales decreased from 1,019.61 Cr in March 2014 to 560.84 Cr in March 2016, reflecting a downward trend in revenue generation. Total operating income followed a similar pattern, dropping from 1,025.44 Cr in March 2014 to 564.61 Cr in March 2016. The company's total expenditure, excluding depreciation, also declined from 957.73 Cr in March 2014 to 605.99 Cr in March 2016, yet the operating profit (PBDIT) turned negative, falling from 71.83 Cr in March 2014 to -28.39 Cr in March 2016. Consequently, the profit before tax shifted from a positive 30.17 Cr in March 2014 to a loss of 86.99 Cr in March 2016, leading to a profit after tax of -87.89 Cr in March 2016, compared to 21.40 Cr in March 2014. The company's total assets decreased from 641.94 Cr in March 2014 to 496.84 Cr in March 2016, while total liabilities also fell from 802.86 Cr to 496.84 Cr during the same period. Cash flow from operating activities declined from -8.31 Cr in March 2014 to 24.62 Cr in March 2016, indicating a struggle in maintaining liquidity. Overall, the financial data indicates a challenging period for Prakash Steelage, characterized by declining revenues, increasing losses, and reduced asset values.

When is the next results date for Prakash Steelage?

The next results date for Prakash Steelage is 13 November 2025.

The next results date for Prakash Steelage is scheduled for 13 November 2025.

Is Prakash Steelage overvalued or undervalued?

As of September 9, 2025, Prakash Steelage is considered very expensive and overvalued with a PE ratio of 62.13, significantly higher than its peers, and has underperformed with a year-to-date return of -29.13% compared to the Sensex's 3.79% gain.

As of 9 September 2025, the valuation grade for Prakash Steelage has moved from expensive to very expensive, indicating a significant shift in its market perception. The company is currently considered overvalued, with a PE ratio of 62.13, a Price to Book Value of 11.16, and an EV to EBITDA of 39.91. These ratios suggest that the stock is trading at a premium compared to its earnings and book value.<BR><BR>In comparison to its peers, Prakash Steelage's PE ratio is notably higher than that of Lloyds Enterprises, which stands at 38.79, and significantly exceeds the valuation metrics of PTC India, which is considered very attractive with a PE of 8.37. This stark contrast highlights the overvaluation of Prakash Steelage within the industry. Additionally, the company's recent stock performance has been underwhelming, with a year-to-date return of -29.13%, while the Sensex has gained 3.79% during the same period, reinforcing the notion that the stock may not be a prudent investment at its current valuation.

What is the technical trend for Prakash Steelage?

As of May 12, 2025, the technical trend is mildly bearish, influenced by bearish Bollinger Bands and daily moving averages, despite some mildly bullish signals from the weekly MACD and OBV.

As of 12 May 2025, the technical trend has changed from bearish to mildly bearish. The weekly MACD indicates a mildly bullish stance, while the monthly MACD shows a mildly bearish trend. The Bollinger Bands are bearish on both weekly and monthly time frames, and the daily moving averages are bearish. The KST is mildly bullish weekly but mildly bearish monthly, and the Dow Theory reflects a mildly bearish stance on the weekly chart with no trend on the monthly. The OBV shows a mildly bearish trend weekly but mildly bullish monthly. Overall, the current technical stance is mildly bearish, driven primarily by the bearish signals from the Bollinger Bands and daily moving averages.

Who are the top shareholders of the Prakash Steelage?

The top shareholder of Prakash Steelage is Prakash Chhaganlal Kanugo, with a 13.81% stake. Individual investors hold 62.17% of the shares, while there are no mutual funds or foreign institutional investors involved, and promoter holdings are slightly pledged at 0.1022%.

The top shareholders of Prakash Steelage include Prakash Chhaganlal Kanugo, who holds the highest stake at 13.81%. The majority of the company's shares are held by individual investors, accounting for 62.17% of the total shareholding. Additionally, there are no mutual funds or foreign institutional investors currently holding shares in the company. The promoter holdings are slightly pledged at 0.1022%. Overall, the shareholder structure indicates a significant presence of individual investors alongside the promoter.

Has Prakash Steelage declared dividend?

Yes, Prakash Steelage has declared a dividend of 5% (0.5 per share) with an ex-date of September 21, 2015. However, the dividend yield is 0%, and while there has been significant price appreciation over the long term, the dividend has not contributed to returns in recent periods.

Prakash Steelage has declared a dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 5%<BR>- Amount per share: 0.5<BR>- Ex-date: 21 Sep 15<BR><BR>Dividend Yield: 0%<BR><BR>Total Returns by Period:<BR>In the last 6 months, the price return was -30.74%, the dividend return was 0%, resulting in a total return of -30.74%.<BR><BR>Over the past year, the price return was -20.94%, the dividend return was 0%, leading to a total return of -20.94%.<BR><BR>In the 2-year period, the price return was 46.91%, the dividend return was 0%, which resulted in a total return of 46.91%.<BR><BR>For the 3-year period, the price return was 19.33%, the dividend return was 0%, culminating in a total return of 19.33%.<BR><BR>In the last 4 years, the price return was 529.41%, the dividend return was 0%, resulting in a total return of 529.41%.<BR><BR>Over the past 5 years, the price return was 1428.57%, the dividend return was 0%, leading to a total return of 1428.57%.<BR><BR>Overall, while Prakash Steelage declared a dividend, the dividend yield remains at 0%, indicating that the dividend has not contributed to returns in recent periods. The total returns over various periods show significant price appreciation, particularly over the longer term.