Is Prakash Pipes a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Prakash Pipes Ltd is a good quality company .

Is Prakash Pipes undervalued or overvalued?

The key valuation ratios of Prakash Pipes Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone .

What is Prakash Pipes share price return in the past 10 years?

Data is not available for this company

Is Prakash Pipes a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Prakash Pipes Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

Prakash Pipes Ltd - Stock Valuation and Financial Performance

Name: Prakash Pipes
Brand: Prakash Pipes

BSE: 542684 | NSE: PPL | Plastic Products | Small Cap

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Prakash Pipes Share Price

₹495.70 17.20 3.59%
as on 14-Nov'24 16:59

10 Year X-Ray of Prakash Pipes:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	0%	70.4%	29.2%	31.7%	32.1%	35.1%	32.7%	-
Value Creation Index ⓘ	NA	4.0	1.1	1.3	1.3	1.5	1.3	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	0	341	385	476	617	709	669	699
Sales YoY Gr.	-	NA	13%	23.6%	29.5%	15%	-5.6%	-
Adj EPS ⓘ	0	0	12.1	15	19.5	25.1	34.2	40.4
YoY Gr.	-	NA	NA	23.5%	30.3%	28.7%	36.2%	-
BVPS (₹) ⓘ	10	0	64.8	80.1	98.4	116.5	152.7	163.3
Adj Net Profit ⓘ	0	28.4	24.8	35.8	46.7	60.1	81.8	97
Cash Flow from Ops. ⓘ	0	20.2	14	30	51.2	42.5	120	-
Debt/CF from Ops. ⓘ	0	0	0.4	0.1	0.1	0.2	0.3	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	NA	14.4%	12%	-5.6%
Adj EPS ⓘ	NA	NA	31.7%	36.2%
BVPSⓘ	NA	NA	24%	31.1%
Share Price	-	44.9%	46.7%	22.5%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	52.1	20.5	22.1	21.9	23.4	25.4	25.6
Op. Profit Mgn % ⓘ	11.3	10	12.3	12.6	11.7	16.1	17.1
Net Profit Mgn % ⓘ	8.3	6.4	7.5	7.6	8.5	12.2	13.8
Debt to Equity ⓘ	0	0	0	0	0	0.1	0
Working Cap Days ⓘ	40	78	77	73	72	81	110
Cash Conv. Cycle ⓘ	17	40	48	49	48	48	76

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 25.60%

Sales growth is growing at healthy rate in last 3 years 12.02%

Net Profit is growing at healthy rate in last 3 years 31.69%

Sales growth is not so good in last 4 quarters at 1.14%

Latest Financials - Prakash Pipes Ltd.

	Standalone	Consolidated
TTM EPS (₹)	40.4	-
TTM Sales (₹ Cr.)	699	-
BVPS (₹.) ⓘ	163.3	-
Reserves (₹ Cr.) ⓘ	367	-
P/BV ⓘ	3.04	-
PE ⓘ	12.28	-

From the Market
52 Week Low / High (₹)	311.25 / 667.90
All Time Low / High (₹)	21.40 / 667.90
Market Cap (₹ Cr.)	1,186
Equity (₹ Cr.)	23.9
Face Value (₹)	10
Industry PE ⓘ	39.5

Management X-Ray of Prakash Pipes:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

11.36

49.04

49.66

36.75

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Prakash Pipes

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Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Prakash Pipes

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	0	341	385	476	617	709	669
Operating Expenses ⓘ	0	302	347	418	539	626	562
Manufacturing Costs	0	14	18	20	22	33	33
Material Costs	0	262	293	355	468	532	462
Employee Cost	0	13	19	23	26	31	35
Other Costs ⓘ	0	14	17	19	23	30	33
Operating Profit ⓘ	0	39	38	59	77	83	107
Operating Profit Margin (%)	-	11.3%	10.0%	12.3%	12.6%	11.7%	16.1%
Other Income ⓘ	0	5	4	2	3	22	16
Interest ⓘ	0	0	2	2	2	3	4
Depreciation ⓘ	0	5	6	8	11	12	10
Exceptional Items ⓘ	0	0	0	0	0	0	0
Profit Before Tax ⓘ	0	38	34	51	67	89	110
Tax ⓘ	0	10	10	15	20	18	20
Profit After Tax	0	29	25	36	47	71	90
PAT Margin (%)	-	8.4%	6.4%	7.5%	7.6%	10.1%	13.4%
Adjusted EPS (₹)	0.0	0.0	12.1	15.0	19.6	29.8	37.5
Dividend Payout Ratio (%)	0%	0%	10%	8%	6%	4%	5%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	0	89	132	192	235	279	365
Share Capital ⓘ	0	0	20	24	24	24	24
Reserves ⓘ	0	89	112	168	211	255	341
Minority Interest	0	0	0	0	0	0	0
Debt	0	0	5	1	5	9	36
Long Term Debt	0	0	0	1	0	0	8
Short Term Debt	0	0	5	1	5	9	28
Trade Payables	0	16	19	23	24	25	43
Others Liabilities ⓘ	0	14	0	7	20	27	44
Total Liabilities ⓘ	0	119	156	222	284	340	489
Fixed Assets
Gross Block	0	82	100	131	166	165	178
Accumulated Depreciation	0	39	45	54	64	98	107
Net Fixed Assetsⓘ	0	43	55	77	101	68	71
CWIP ⓘ	0	0	0	0	4	5	9
Investmentsⓘ	0	0	0	0	0	0	42
Inventories	0	17	30	55	59	49	55
Trade Receivables	0	32	43	44	59	75	75
Cash Equivalents ⓘ	0	1	12	32	47	121	216
Others Assetsⓘ	0	26	17	13	15	23	21
Total Assets ⓘ	0	119	156	222	284	340	489

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	20	14	30	51	42	120
PBT ⓘ	38	34	51	67	89	110
Adjustment ⓘ	5	8	11	13	-4	0
Changes in Working Capital ⓘ	-15	-20	-25	-17	-29	20
Tax Paid ⓘ	-8	-8	-7	-11	-15	-10
Cash Flow From Investing Activity ⓘ	-20	-15	-33	-36	16	-46
Capex	0	-16	-34	-38	11	-19
Net Investments	0	0	0	0	0	-29
Others ⓘ	-20	1	1	2	4	2
Cash Flow From Financing Activityⓘ	0	2	18	0	1	26
Net Proceeds from Shares ⓘ	0	0	26	0	0	0
Net Proceeds from Borrowing ⓘ	0	0	0	0	0	8
Interest Paid ⓘ	0	-1	-1	0	-1	-2
Dividend Paid ⓘ	0	-2	-3	-3	-3	-3
Others ⓘ	0	5	-4	4	5	23
Net Cash Flow ⓘ	0	0	15	16	59	99

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	N/A	64.33	22.39	22.11	21.93	27.74	27.85
ROCE (%)	N/A	70.39	29.15	31.66	32.12	35.07	32.72
Asset Turnover Ratio	0	5.71	2.8	2.52	2.43	2.27	1.61
PAT to CFO Conversion(x)	N/A	0.69	0.56	0.83	1.09	0.59	1.33
Working Capital Days
Receivable Days	0	34	35	33	30	34	41
Inventory Days	0	19	22	32	34	28	28
Payable Days	0	22	22	21	18	17	27

Prakash Pipes Ltd Stock News

Prakash Pipes Ltd FAQs

What is the share price of Prakash Pipes?

Company share prices are keep on changing according to the market conditions. The closing price of Prakash Pipes on 14-Nov-2024 16:59 is ₹495.7.

What is the market cap of Prakash Pipes?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 14-Nov-2024 16:59 the market cap of Prakash Pipes stood at ₹1,185.6.

What is the P/E ratio of Prakash Pipes?

The latest P/E ratio of Prakash Pipes as of 14-Nov-2024 16:59 is 12.28.

What is the P/B ratio of Prakash Pipes?

The latest P/B ratio of Prakash Pipes as of 14-Nov-2024 16:59 is 3.04.

What is the 52-week high and low of Prakash Pipes?

The 52-week high of Prakash Pipes is ₹667.9 and the 52-week low is ₹311.2.

What is the TTM revenue of Prakash Pipes?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Prakash Pipes is ₹698.6 ( Cr.) .

About Prakash Pipes Ltd

The company’s promoter, Shri Ved Prakash Agarwal, has been in the business of manufacturing PVC Pipes and Fittings since 1981. Over the years, Prakash Pipes has emerged as a trusted brand for PVC Pipes and Fittings in the market, owing to its utmost focus on quality. The company manufactures a wide range of products such as Agri Pipes, Column Pipes, Plumbing Pipes, Casing Pipes, SWR Pipes, Garden Pipes and their related Fittings. Its products find application in irrigation, drainage, housing, and sanitation.

The company has ventured into flexible packaging with state-of-the-art plant conforming to ISO 22000:2005, ISO 9001:2015, and BRC standards. It manufactures high performance barrier films and laminates that find application in packaging of food, beverages, oil, personal care and pharmaceutical products.

Considering the Industry trends and to further strengthen its PVC and plastic division, Prakash Pipes have forayed into Flexible Packaging to provide complete packaging solutions to its customers. A Flexible Packaging Unit has been commissioned at Kashipur, Uttarakhand for manufacturing laminates and pouches used for packaging consumer products like snacks, soaps, shampoos, etc. Its Packaging team works actively to evolve cost-effective and quality packaging solutions.

Prakash Pipes is committed towards constant innovations in irrigation, sewerage, and plumbing technologies. Innovations that meet the nation’s constantly increasing water demands. From Agri pipes to Sanitation pipes, each and every product manufactured at Prakash Pipes undergo a quality control test so as to ensure that it conforms to both international as well as Indian standards. Its plant at Kashipur, Uttarakhand, is spread across 60 acres of land area, with more than 50% area being utilized for forestation and plantation.

Business area of the company

The company is engaged in the business of PVC Pipes and Flexible Packaging.