NSEI:PRAKASHSTL

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Executive Summary

Prakash Steelage Limited engages in the manufacture and sale of stainless steel welded pipes, tubes, and U-tubes in India.


Snowflake Analysis

Proven track record and slightly overvalued.

Share Price & News

How has Prakash Steelage's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: PRAKASHSTL's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

33.3%

PRAKASHSTL

2.6%

IN Metals and Mining

1.8%

IN Market


1 Year Return

220.0%

PRAKASHSTL

-37.8%

IN Metals and Mining

-22.6%

IN Market

Return vs Industry: PRAKASHSTL exceeded the Indian Metals and Mining industry which returned -37.8% over the past year.

Return vs Market: PRAKASHSTL exceeded the Indian Market which returned -22.6% over the past year.


Shareholder returns

PRAKASHSTLIndustryMarket
7 Day33.3%2.6%1.8%
30 Day220.0%6.5%-0.4%
90 Day300.0%-25.0%-19.9%
1 Year220.0%220.0%-35.3%-37.8%-21.1%-22.6%
3 Year-20.0%-20.0%-33.2%-40.1%-11.4%-16.2%
5 Year-93.5%-93.5%1.5%-17.6%9.4%-0.8%

Price Volatility Vs. Market

How volatile is Prakash Steelage's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Prakash Steelage undervalued compared to its fair value and its price relative to the market?

1.15x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate PRAKASHSTL's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate PRAKASHSTL's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: PRAKASHSTL is good value based on its PE Ratio (1.1x) compared to the Metals and Mining industry average (7.2x).

PE vs Market: PRAKASHSTL is good value based on its PE Ratio (1.1x) compared to the Indian market (9.9x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate PRAKASHSTL's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: PRAKASHSTL has negative assets, so we can't compare its PB Ratio to the IN Metals and Mining industry average.


Next Steps

Future Growth

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

20.8%

Forecasted Materials 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 Steelage 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.


Next Steps

Past Performance

How has Prakash Steelage performed over the past 5 years?

31.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PRAKASHSTL has a large one-off gain of ₹72.5M impacting its December 31 2019 financial results.

Growing Profit Margin: PRAKASHSTL's current net profit margins (37.6%) are higher than last year (22.8%).


Past Earnings Growth Analysis

Earnings Trend: PRAKASHSTL has become profitable over the past 5 years, growing earnings by 31.2% per year.

Accelerating Growth: PRAKASHSTL's earnings growth over the past year (34.3%) exceeds its 5-year average (31.2% per year).

Earnings vs Industry: PRAKASHSTL earnings growth over the past year (34.3%) exceeded the Metals and Mining industry -6.8%.


Return on Equity

High ROE: PRAKASHSTL's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Next Steps

Financial Health

How is Prakash Steelage's financial position?


Financial Position Analysis

Short Term Liabilities: PRAKASHSTL has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: PRAKASHSTL has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: PRAKASHSTL has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: PRAKASHSTL's has negative shareholder equity, so we do not need to check if its debt has reduced over time.

Debt Coverage: PRAKASHSTL's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: PRAKASHSTL earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

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


Dividend Yield vs Market

Notable Dividend: Unable to evaluate PRAKASHSTL's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate PRAKASHSTL's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if PRAKASHSTL's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if PRAKASHSTL's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: PRAKASHSTL is not paying a notable dividend for the Indian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of PRAKASHSTL's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.


Next Steps

Management

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

11.0yrs

Average management tenure


CEO

Prakash Kanugo (66yo)

no data

Tenure

Mr. Prakash Chaganlal Kanugo founded Prakash Steelage Limited in 1976 and serves as its Executive Chairman and Managing Director. Mr. Kanugo serves as the Head of the Prakash Group of Companies. Mr. Kanugo ...


CEO Compensation Analysis

Compensation vs Market: Prakash's total compensation ($USD0.00) is below average for companies of similar size in the Indian market ($USD50.51K).

Compensation vs Earnings: Prakash's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Prakash Kanugo
Founderno datano data23.39% 32.8m
Ashok Mafatlal
CFO & Whole time Director26.5yrsno data3.99% 5.6m
Hemant Kanugo
Executive Director16.67yrs₹180.00k3.21% 4.5m
Anil Mehta
General Manager of Accounts11yrsno datano data
Leela Soban Singh Bisht
Company Secretary & Compliance Officer0.67yrno datano data
Balkrishna Utekar
Marketing Headno datano datano data
Tarak Kavi
SVP - Plant14.17yrsno datano data
Kumar Sinha
Senior Vice President of Marketing 13.33yrsno datano data

11.0yrs

Average Tenure

46yo

Average Age

Experienced Management: PRAKASHSTL's management team is seasoned and experienced (11 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Prakash Kanugo
Founderno datano data23.39% 32.8m
Ashok Mafatlal
CFO & Whole time Director26.5yrsno data3.99% 5.6m
Hemant Kanugo
Executive Director16.67yrs₹180.00k3.21% 4.5m
Himanshu Thaker
Independent Non-Executive Director11.75yrs₹70.00kno data
Athrady Hegde
Independent Non Executive Director8yrs₹90.00kno data
Neetta Bokaria
Independent Non Executive Director5.17yrs₹90.00kno data

11.8yrs

Average Tenure

66yo

Average Age

Experienced Board: PRAKASHSTL's board of directors are seasoned and experienced ( 11.8 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.


Ownership Breakdown

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


Top Shareholders

Company Information

Prakash Steelage Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Prakash Steelage Limited
  • Ticker: PRAKASHSTL
  • Exchange: NSEI
  • Founded: 1991
  • Industry: Steel
  • Sector: Materials
  • Market Cap: ₹140.000m
  • Shares outstanding: 175.00m
  • Website: https://www.prakashsteelage.com

Number of Employees


Location

  • Prakash Steelage Limited
  • 101, Shatrunjay Apartment
  • 1st Floor
  • Mumbai
  • Maharashtra
  • 400004
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PRAKASHSTLNSEI (National Stock Exchange of India)YesEquity SharesININRAug 2010
533239BSE (Mumbai Stock Exchange)YesEquity SharesININRAug 2010

Biography

Prakash Steelage Limited engages in the manufacture and sale of stainless steel welded pipes, tubes, and U-tubes in India. The company also trades in stainless steel products. Its customers include a set of industries, which comprise oil and gas, power, pharmaceutical, petrochemical, sugar, dairy, automobile, desalination, etc. The company also exports its products internationally. Prakash Steelage Limited was incorporated in 1991 and is based in Mumbai, India. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/05/28 13:16
End of Day Share Price2020/05/28 00:00
Earnings2019/12/31
Annual Earnings2019/03/31


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.