Prakash Steelage Limited (IN:PRAKASHSTL)
:PRAKASHSTL
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Prakash Steelage Limited
(PRAKASHSTL)
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Rating:41Neutral
Price Target:
₹4.00
▼(-22.48% Downside)
Action:ReiteratedDate: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
Specialized stainless-steel tubular products
Prakash Steelage's focused business model supplying corrosion-resistant, hygienic stainless-steel pipes and tubes serves durable end markets (industrial processing, infrastructure, hygienic applications). This product specialization supports steady demand, technical know-how, and differentiated value versus commodity steel over the medium term.
Negative Factors
Extremely high leverage and negative equity
Severe leverage and negative shareholders' equity indicate structural solvency risk and constrained financial flexibility. High debt servicing limits reinvestment, raises refinancing risk, and can force asset sales or dilutive financing, undermining the company's ability to sustain operations without corrective measures over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Specialized stainless-steel tubular products
Prakash Steelage's focused business model supplying corrosion-resistant, hygienic stainless-steel pipes and tubes serves durable end markets (industrial processing, infrastructure, hygienic applications). This product specialization supports steady demand, technical know-how, and differentiated value versus commodity steel over the medium term.
Read all positive factors
Prakash Steelage Limited (PRAKASHSTL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹775.25M
Dividend YieldN/A
Average Volume (3M)30.07K
Price to Earnings (P/E)75.2
Beta (1Y)1.13
Revenue Growth-6.37%
EPS Growth-96.15%
CountryIN
Employees72
SectorBasic Materials
Sector Strength58
IndustrySteel
Share Statistics
EPS (TTM)0.02
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 generates revenue primarily through the sale of its stainless steel products, which include tubes, pipes, and fittings. The company benefits from a diverse customer base spanning multiple industries, which helps mitigate r...
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
Positive
5.16
Price Trends
4.37
Positive
4.55
Negative
5.11
Negative
Market Momentum
-0.03
Negative
59.95
Neutral
82.18
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:PRAKASHSTL, the sentiment is Positive. The current price of 5.16 is above the 20-day moving average (MA) of 4.14, above the 50-day MA of 4.37, and above the 200-day MA of 5.11, indicating a neutral trend. The MACD of -0.03 indicates Negative momentum. The RSI at 59.95 is Neutral, neither overbought nor oversold. The STOCH value of 82.18 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
60 Neutral | ₹818.37M | 16.16 | ― | 0.61% | -1.81% | -45.95% | |
57 Neutral | ₹4.34B | 15.95 | ― | ― | 0.19% | -2962.74% | |
50 Neutral | ₹506.19M | -1.11 | ― | ― | -24.55% | -310.57% | |
43 Neutral | ₹748.40M | 18.23 | ― | ― | -36.62% | -37.94% | |
41 Neutral | ₹775.25M | 75.18 | ― | ― | -6.37% | -96.15% |
* Basic Materials Sector Average
IN:PRAKASHSTL
Prakash Steelage Limited
4.43
-2.25
-33.68%
IN:HISARMETAL
Hisar Metal Industries Limited
151.55
-45.35
-23.03%
IN:MANGALAM
Mangalam Drugs & Organics Ltd.
31.98
-44.44
-58.15%
IN:SALSTEEL
S.A.L. Steel Ltd.
41.65
22.99
123.20%
IN:UNIPLY
Uniply Industries Limited
―
―
―
IN:ZENITHSTL
Zenith Steel Pipes & Industries Limited
5.26
-1.47
-21.84%
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.