Prakash Steelage

Why is Prakash Steelage Ltd falling/rising?

As of 09-Jun, Prakash Steelage Ltd's stock price is rising to 4.41, driven by increased investor participation, despite underperforming its sector and showing a general downward trend over longer periods. The stock has declined 3.50% over the past month and 23.70% year-to-date.

As of 09-Jun, Prakash Steelage Ltd's stock price is rising, currently at 4.41, with a change of 0.05 (1.15%) upward. This increase comes despite the stock underperforming its sector by 0.67% today. Notably, the stock has shown a positive trend in investor participation, with a delivery volume of 2.15 lacs on June 8, which is a significant rise of 54.64% compared to the 5-day average delivery volume. <BR><BR>However, it is important to consider that the stock is trading lower than its moving averages across various periods, including the 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This indicates a general downward trend over a longer timeframe. Additionally, while the stock has seen a slight increase in the short term, it has experienced a decline of 3.50% over the past month and a substantial drop of 23.70% year-to-date. <BR><BR>In summary, the recent rise in stock price is primarily driven by increased investor participation, despite the overall negative performance in the longer term and relative to benchmarks.

Which are the latest news on Prakash Steelage?

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.

How big is Prakash Steelage?

As of 24th July, Prakash Steelage Ltd has a market capitalization of 107.00 Cr, with recent net sales of 76.57 Cr and a net profit of 1.30 Cr over the last four quarters.

As of 24th July, <BR><BR>Market Cap: Prakash Steelage Ltd has a market capitalization of 107.00 Cr, categorizing it as a Micro Cap company.<BR><BR>Recent Quarterly Performance: The sum of Net Sales for the latest 4 quarters is 76.57 Cr, while the sum of Net Profit for the same period is 1.30 Cr.<BR><BR>Balance Sheet Snapshot: The latest annual period reported is March 2016, with Shareholder's Funds amounting to 110.51 Cr and Total Assets totaling 496.84 Cr.

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.

What does Prakash Steelage do?

Prakash Steelage Ltd is a manufacturer of stainless steel seamless and welded pipes, tubes, and U-tubes, operating in the micro-cap market. As of March 2025, it reported net sales of 21 Cr and a market cap of Rs 112 Cr.

Overview: <BR>Prakash Steelage Ltd is a leading manufacturer of high-quality stainless steel seamless and welded pipes, tubes, and U-tubes, operating in the Iron & Steel Products industry within the micro-cap market.<BR><BR>History: <BR>The company was incorporated on May 9, 1991, as Prakash Steelage Private Limited and later converted into a Public Limited Company on August 12, 1997. The latest quarterly results reported net sales and net profit for the period ending March 2025.<BR><BR>Financial Snapshot: <BR>Most recent Net Sales: 21 Cr (Quarterly Results - Mar 2025) <BR>Most recent Net Profit: 0 Cr (Quarterly Results - Mar 2025) <BR>Market-cap value: Rs 112 Cr (Micro Cap)<BR><BR>Key Metrics: <BR>P/E: 87.00 <BR>Industry P/E: 30 <BR>Dividend Yield: 0.00% <BR>Debt-Equity: 0.38 <BR>Return on Equity: 16.11% <BR>Price to Book: 14.05<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 in the management team of Prakash Steelage?

As of March 2022, 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, along with Himanshu Sethia as Company Secretary & Compliance Officer. They oversee the company's strategic direction and governance.

As of March 2022, 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 the strategic direction and governance of the company.

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.

Who are the peers of the Prakash Steelage?

Prakash Steelage's peers include APL Apollo Tubes, Welspun Corp, Shyam Metalics, Ratnamani Metals, Jindal Saw, Shah Alloys, Maiden Forgings, Hisar Met. Inds., and Kanishk Steel. In terms of management risk, growth, and capital structure, Prakash Steelage ranks below average compared to its peers, with a 1-year return of -24.33%.

Peers: The peers of Prakash Steelage are APL Apollo Tubes, Welspun Corp, Shyam Metalics, Ratnamani Metals, Jindal Saw, Shah Alloys, Maiden Forgings, Hisar Met.Inds., and Kanishk Steel.<BR><BR>Quality Snapshot: Excellent management risk is observed at APL Apollo Tubes, while Good management risk is found at Welspun Corp, Shyam Metalics, Ratnamani Metals, and Maiden Forgings. Average management risk is present at Jindal Saw, Shah Alloys, Hisar Met.Inds., and Kanishk Steel, and the rest have Below Average management risk, including Prakash Steelage. Excellent growth is seen at APL Apollo Tubes and Jindal Saw, while Good growth is noted at Kanishk Steel. Average growth is found at Shyam Metalics, Ratnamani Metals, and the rest, including Welspun Corp, Shah Alloys, Maiden Forgings, Hisar Met.Inds., and Prakash Steelage, exhibit Below Average growth. Excellent capital structure is present at APL Apollo Tubes, Shyam Metalics, and Ratnamani Metals, while Good capital structure is seen at Welspun Corp and Maiden Forgings. The rest, including Jindal Saw, Shah Alloys, Prakash Steelage, Hisar Met.Inds., and Kanishk Steel, have Below Average capital structure.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Welspun Corp at 68.53%, while Jindal Saw has the lowest at -23.06%. Prakash Steelage's 1-year return is -24.33%, which is lower than both. Additionally, the six-month returns are negative for Jindal Saw, Shah Alloys, and Ratnamani Metals.