Prakash Steelage

Why is Prakash Steelage Ltd falling/rising?

As of 04-Aug, Prakash Steelage Ltd's stock price is at 3.98, reflecting a 1.24% decline and significant underperformance compared to the Sensex. The stock has decreased 31.14% year-to-date and is trading below its moving averages, indicating a bearish trend despite increased investor participation.

As of 04-Aug, Prakash Steelage Ltd's stock price is falling, currently at 3.98, which reflects a decrease of 0.05 or 1.24%. This decline is evident in the stock's performance over various periods, where it has underperformed significantly compared to the benchmark Sensex. Over the past week, the stock has decreased by 1.24%, while the Sensex has increased by 2.17%. Additionally, the stock has shown a substantial decline of 31.14% year-to-date, compared to a 7.97% drop in the Sensex.<BR><BR>Today's performance indicates that Prakash Steelage is trading below its moving averages across multiple time frames, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, suggesting a bearish trend. Although there has been a rise in investor participation, with a delivery volume increase of 47.92% against the 5-day average, this has not translated into positive price movement. Overall, the combination of underperformance relative to the market, negative price trends, and trading below moving averages contributes to the stock's current decline.

Which are the latest news on Prakash Steelage?

How big is Prakash Steelage?

As of 10th June, Prakash Steelage Ltd has a market capitalization of 77.00 Cr, classified as a Micro Cap, with recent net sales of 90.75 Cr and a net profit of 0.84 Cr over the latest four quarters.

As of 10th June, <BR><BR>Market Cap: Prakash Steelage Ltd has a market capitalization of 77.00 Cr and is classified as a Micro Cap.<BR><BR>Recent Quarterly Performance: The sum of Net Sales for the latest 4 quarters is 90.75 Cr, while the sum of Net Profit for the same period is 0.84 Cr.<BR><BR>Balance Sheet Snapshot: The reporting period for the latest annual data is March 2016. Shareholder's Funds are valued at 110.51 Cr, and Total Assets amount to 496.84 Cr.

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).

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>If you have any more questions about the company or its operations, feel free to ask!

Who are the peers of the Prakash Steelage?

Prakash Steelage's peers include Sharda Ispat, Zenith Steel, Garg Furnace, and others, with varying management risks and growth rates. Its 1-year return is -34.86%, better than Alliance Integ. (-54.67%) but worse than Tulsyan NEC (-15.37%).

Peers: The peers of Prakash Steelage are Sharda Ispat, Zenith Steel, Garg Furnace, Alliance Integ., Rajas. Tube Mfg, Tulsyan NEC, Mangalam Alloys, Excellent Wires, Shri Hare-Krish, and Hisar Met. Inds.<BR><BR>Quality Snapshot: Excellent management risk is observed at Garg Furnace, while Good management risk is found at Prakash Steelage. Average management risk is noted at Sharda Ispat, Rajas. Tube Mfg, and Mangalam Alloys, while Below Average management risk is seen at Alliance Integ., Tulsyan NEC, Excellent Wires, Shri Hare-Krish, and Hisar Met. Inds. Growth is Good at Garg Furnace, while Below Average growth is present at Prakash Steelage, Sharda Ispat, Rajas. Tube Mfg, Alliance Integ., Tulsyan NEC, and the rest. Average growth is noted at Zenith Steel and Mangalam Alloys. Capital Structure is Good at Garg Furnace and Excellent Wires, while Below Average capital structure is found at Prakash Steelage, Alliance Integ., Rajas. Tube Mfg, Tulsyan NEC, and the rest.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Tulsyan NEC at -15.37%, while the peer with the lowest 1-year return is Alliance Integ. at -54.67%. Prakash Steelage's 1-year return is -34.86%, which is better than Alliance Integ. but worse than Tulsyan NEC. Additionally, the six-month return is negative for Rajas. Tube Mfg, Alliance Integ., and Hisar Met. Inds.

What does Prakash Steelage do?

Prakash Steelage Ltd is a micro-cap company that manufactures and exports stainless steel tubes and pipes. Incorporated in 1991, it reported net sales of 25 Cr and a net profit of 0 Cr for the quarter ending March 2026, with a market cap of INR 77 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>Incorporated on May 9, 1991, as Prakash Steelage Private Limited, the company was later converted into a Public Limited entity on August 12, 1997. The latest quarterly results reported net sales and net profit for the period ending March 2026.<BR><BR>Financial Snapshot: <BR>Most recent Net Sales: 25 Cr (Quarterly Results - Mar 2026) <BR>Most recent Net Profit: 0 Cr (Quarterly Results - Mar 2026) <BR>Market-cap value: INR 77 Cr (Micro Cap)<BR><BR>Key Metrics: <BR>P/E: 92.00 <BR>Industry P/E: 21 <BR>Dividend Yield: 0.00% <BR>Debt Equity: -0.03 <BR>Return on Equity: 8.63% <BR>Price to Book: 7.91 <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

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.