Prakash Steelage Limited (IN:PRAKASHSTL)
:PRAKASHSTL
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Prakash Steelage Limited
(PRAKASHSTL)
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Rating:41Neutral
Price Target:
₹4.50
▼(-12.79% Downside)
Action:Reiterated
Date:03/10/26
The score is driven primarily by weak financial health (high leverage, negative equity, and negative cash flows). Technical indicators also lean bearish with the stock trading below major moving averages and negative MACD. Valuation adds risk due to a very high P/E and no dividend yield data.
Positive Factors
Export and Market Diversification
Prakash Steelage's sales to both domestic and export markets provide durable demand diversification. Export exposure reduces reliance on any single regional cycle, helps smooth order flow across market swings, and supports longer-term revenue stability over the next several months.
Negative Factors
Extreme Leverage / Negative Equity
Negative equity and very high leverage signal structural balance-sheet weakness. This constrains financial flexibility, raises refinancing and covenant risk, and increases creditor influence over strategic choices, limiting ability to invest or absorb shocks over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Export and Market Diversification
Prakash Steelage's sales to both domestic and export markets provide durable demand diversification. Export exposure reduces reliance on any single regional cycle, helps smooth order flow across market swings, and supports longer-term revenue stability over the next several months.
Read all positive factors
Prakash Steelage Limited (PRAKASHSTL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹763.00M
Dividend YieldN/A
Average Volume (3M)30.07K
Price to Earnings (P/E)75.2
Beta (1Y)1.13
Revenue Growth7.72%
EPS Growth-97.06%
CountryIN
Employees72
SectorBasic Materials
Sector Strength58
IndustrySteel
Share Statistics
EPS (TTM)0.09
Shares Outstanding175,000,380
10 Day Avg. Volume23,429
30 Day Avg. Volume30,073
Financial Highlights & Ratios
PEG Ratio-0.88
Price to Book (P/B)12.47
Price to Sales (P/S)1.45
P/FCF Ratio-28.98
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Prakash Steelage Limited Business Overview & Revenue Model
Company Description
Prakash Steelage Limited manufactures, trades, and sells stainless steel welded pipes, tubes, and U-tubes in India. It serves chemical and fertilizer, pharmaceutical, railway coaches, refrigeration, desalination, decorative, dairy, breweries, pipe...
How the Company Makes Money
Prakash Steelage Limited primarily makes money by manufacturing and selling stainless steel pipes and tubes. Its core revenue stream is the sale of welded stainless steel tubular products (pipes/tubes) to customers that use them in industrial, inf...
Prakash Steelage Limited Financial Statement Overview
Summary
Income Statement
45
Neutral
Balance Sheet
30
Negative
Cash Flow
25
Negative
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 820.38M | 765.69M | 1.06B | 949.74M | 460.97M | 238.82M |
| Gross Profit | 139.84M | 88.37M | 145.03M | 132.02M | 97.09M | 23.49M |
| EBITDA | 29.54M | 29.91M | 593.55M | 58.34M | 1.67B | 460.39M |
| Net Income | 14.01M | 12.96M | 578.87M | 41.46M | 1.64B | 507.59M |
Balance Sheet | ||||||
| Total Assets | 359.38M | 375.20M | 403.61M | 374.14M | 374.20M | 298.48M |
| Cash, Cash Equivalents and Short-Term Investments | 17.31M | 7.39M | 3.52M | 7.67M | 3.70M | 2.60M |
| Total Debt | 21.22M | 40.92M | 3.07M | 289.01M | 339.58M | 1.92B |
| Total Liabilities | 266.21M | 286.17M | 326.44M | 875.67M | 916.95M | 2.48B |
| Stockholders Equity | 93.17M | 89.03M | 77.17M | -501.53M | -542.75M | -2.18B |
Cash Flow | ||||||
| Free Cash Flow | 29.55M | -38.30M | 283.54M | 56.10M | 373.40M | 3.98M |
| Operating Cash Flow | 47.01M | -33.49M | 292.03M | 60.88M | 378.58M | 5.41M |
| Investing Cash Flow | -17.13M | -5.10M | -6.74M | -5.28M | -1.66M | 504.90M |
| Financing Cash Flow | -19.99M | 37.71M | -289.44M | -51.63M | -375.82M | -508.33M |
Prakash Steelage Limited Technical Analysis
Negative
5.16
Price Trends
4.41
Negative
4.61
Negative
4.89
Negative
Market Momentum
-0.05
Positive
43.91
Neutral
33.61
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:PRAKASHSTL, the sentiment is Negative. The current price of 5.16 is above the 20-day moving average (MA) of 4.52, above the 50-day MA of 4.41, and above the 200-day MA of 4.89, indicating a bearish trend. The MACD of -0.05 indicates Positive momentum. The RSI at 43.91 is Neutral, neither overbought nor oversold. The STOCH value of 33.61 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:PRAKASHSTL.
Prakash Steelage Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | ₹28.98B | 23.46 | ― | 0.08% | 21.45% | 5.07% | |
66 Neutral | ₹17.28B | 27.40 | ― | 0.03% | 14.55% | -9.81% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
49 Neutral | ₹2.26B | 21.93 | ― | ― | 15.35% | -25.26% | |
44 Neutral | ₹812.42M | 18.23 | ― | ― | -51.07% | -19.23% | |
41 Neutral | ₹763.00M | 75.18 | ― | ― | 7.72% | -97.06% |
* Basic Materials Sector Average
IN:PRAKASHSTL
Prakash Steelage Limited
4.39
-2.32
-34.58%
IN:HITECH
Hi-Tech Pipes Ltd.
91.97
-4.62
-4.78%
IN:VENUSPIPES
Venus Pipes & Tubes Ltd.
1,421.45
-36.35
-2.49%
IN:VSTL
Vibhor Steel Tubes Ltd.
118.85
-37.85
-24.15%
IN:ZENITHSTL
Zenith Steel Pipes & Industries Limited
5.96
-1.02
-14.61%
IN:SCODATUBES
Scoda Tubes Ltd.
138.70
-15.55
-10.08%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.