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5426

Prakash Pipes BSE:542684 Stock Report

Last Price

₹166.55

Market Cap

₹4.0b

7D

-2.1%

1Y

-2.1%

Updated

27 Jul, 2022

Data

Company Financials
542684 fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance2/6
Financial Health5/6
Dividends3/6

542684 Stock Overview

Prakash Pipes Limited manufactures and supplies PVC pipes and fittings, and packaging products in India.

Prakash Pipes Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Prakash Pipes
Historical stock prices
Current Share Price₹166.55
52 Week High₹209.25
52 Week Low₹124.50
Beta2.68
1 Month Change0.63%
3 Month Change-15.31%
1 Year Change-2.09%
3 Year Change137.25%
5 Year Changen/a
Change since IPO76.24%

Recent News & Updates

Shareholder Returns

542684IN BuildingIN Market
7D-2.1%2.5%0.6%
1Y-2.1%-1.9%4.8%

Return vs Industry: 542684 matched the Indian Building industry which returned -2.9% over the past year.

Return vs Market: 542684 underperformed the Indian Market which returned 3.8% over the past year.

Price Volatility

Is 542684's price volatile compared to industry and market?
542684 volatility
542684 Average Weekly Movement5.8%
Building Industry Average Movement6.5%
Market Average Movement6.6%
10% most volatile stocks in IN Market9.3%
10% least volatile stocks in IN Market4.3%

Stable Share Price: 542684 is not significantly more volatile than the rest of Indian stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: 542684's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1981500Kanha Agarwalhttps://www.prakashplastics.in

Prakash Pipes Limited manufactures and supplies PVC pipes and fittings, and packaging products in India. The company offers unplasticised PVC (uPVC) pipes; casing pipes; plumbing uPVC pipes; column pipes; soil waste rain pipes; and uPVC fittings, as well as flexible packaging products, such as barrier films and laminates. Its PVC products are used for irrigation, drainage, housing, and sanitation applications; and flexible packaging products are used in the packaging of fast-moving consumer goods, food, beverages, oil, personal care, infrastructure, and pharmaceutical products.

Prakash Pipes Fundamentals Summary

How do Prakash Pipes's earnings and revenue compare to its market cap?
542684 fundamental statistics
Market Cap₹3.99b
Earnings (TTM)₹468.00m
Revenue (TTM)₹6.20b

8.5x

P/E Ratio

0.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
542684 income statement (TTM)
Revenue₹6.20b
Cost of Revenue₹4.68b
Gross Profit₹1.52b
Other Expenses₹1.05b
Earnings₹468.00m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)19.57
Gross Margin24.45%
Net Profit Margin7.55%
Debt/Equity Ratio2.2%

How did 542684 perform over the long term?

See historical performance and comparison

Dividends

0.7%

Current Dividend Yield

6%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is 542684 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 542684?

Other financial metrics that can be useful for relative valuation.

542684 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.6x
Enterprise Value/EBITDA4.4x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does 542684's PE Ratio compare to its peers?

542684 PE Ratio vs Peers
The above table shows the PE ratio for 542684 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average19x
543327 Exxaro Tiles
26xn/a₹4.7b
EUROBOND Euro Panel Products
18.6xn/a₹2.5b
ASIANTILES Asian Granito India
6.3xn/a₹5.8b
526423 Kriti Industries (India)
25xn/a₹3.6b
542684 Prakash Pipes
8.5xn/a₹4.0b

Price-To-Earnings vs Peers: 542684 is good value based on its Price-To-Earnings Ratio (8.5x) compared to the peer average (19x).


Price to Earnings Ratio vs Industry

How does 542684's PE Ratio compare vs other companies in the IN Building Industry?

Price-To-Earnings vs Industry: 542684 is good value based on its Price-To-Earnings Ratio (8.5x) compared to the Indian Building industry average (23.1x)


Price to Earnings Ratio vs Fair Ratio

What is 542684's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

542684 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio8.5x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 542684's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of 542684 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 542684 (₹166.55) is trading below our estimate of fair value (₹789.55)

Significantly Below Fair Value: 542684 is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

How is Prakash Pipes forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


19.1%

Forecasted Capital Goods industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Prakash Pipes has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


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  • Examine whether Prakash Pipes is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  • Prakash Pipes competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Prakash Pipes performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


30.7%

Last years earnings growth

Earnings and Revenue History

Quality Earnings: 542684 has high quality earnings.

Growing Profit Margin: 542684's current net profit margins (7.6%) are higher than last year (7.5%).


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if 542684's year-on-year earnings growth rate was positive over the past 5 years.

Accelerating Growth: Insufficient data to compare 542684's past year earnings growth to its 5-year average.

Earnings vs Industry: 542684 earnings growth over the past year (30.7%) underperformed the Building industry 32.7%.


Return on Equity

High ROE: 542684's Return on Equity (19.9%) is considered low.


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Financial Health

How is Prakash Pipes's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 542684's short term assets (₹1.8B) exceed its short term liabilities (₹573.8M).

Long Term Liabilities: 542684's short term assets (₹1.8B) exceed its long term liabilities (₹38.5M).


Debt to Equity History and Analysis

Debt Level: 542684 has more cash than its total debt.

Reducing Debt: Insufficient data to determine if 542684's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: 542684's debt is well covered by operating cash flow (1003.7%).

Interest Coverage: 542684's interest payments on its debt are well covered by EBIT (28.7x coverage).


Balance Sheet


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Dividend

What is Prakash Pipes's current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


0.72%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 542684's dividend (0.72%) is higher than the bottom 25% of dividend payers in the Indian market (0.4%).

High Dividend: 542684's dividend (0.72%) is low compared to the top 25% of dividend payers in the Indian market (1.75%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, 542684 has been paying a dividend for less than 10 years.

Growing Dividend: 542684 has only been paying a dividend for 3 years, and since then payments have not increased.


Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (6.1%), 542684's dividend payments are thoroughly covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its low cash payout ratio (21.5%), 542684's dividend payments are well covered by cash flows.


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Management

How experienced are the management team and are they aligned to shareholders interests?

3.1yrs

Average board tenure


CEO

Kanha Agarwal (31 yo)

2.92yrs

Tenure

Mr. Kanha Agarwal is Managing Director, Chief Executive Officer and Director of Prakash Pipes Limited since August 9, 2019. He has been Joint Managing Director of Prakash Industries Limited since February...


Board Members

Experienced Board: 542684's board of directors are considered experienced (3.1 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Prakash Pipes Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Prakash Pipes Limited
  • Ticker: 542684
  • Exchange: BSE
  • Founded: 1981
  • Industry: Building Products
  • Sector: Capital Goods
  • Implied Market Cap: ₹3.990b
  • Shares outstanding: 23.92m
  • Website: https://www.prakashplastics.in

Number of Employees


Location

  • Prakash Pipes Limited
  • Srivan
  • Bijwasan
  • New Delhi
  • Delhi
  • 110061
  • India

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/07/27 00:00
End of Day Share Price2022/07/27 00:00
Earnings2022/03/31
Annual Earnings2022/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.