MarketFriction

Prakash Steelage Ltd

NSE PRAKASHSTL · BSE 533239 · Iron & Steel Products
₹3.56 -0.84%
NSE close2026-10-01
52 week range3.46 - 6.57
Market cap₹62.8 Cr.
P/E101
GSM Price band 20% Delivery 84.5%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales25.1425.8625.7316.7719.2519.2421.3116.4325.0624.4524.8116.81
Expenses24.1024.5825.6817.3419.0518.0220.6215.9824.7623.7724.5016.37
Operating Profit1.041.280.05-0.570.201.220.690.450.300.680.310.44
OPM %4.14%4.95%0.19%-3.40%1.04%6.34%3.24%2.74%1.20%2.78%1.25%2.62%
Other Income0.030.0535.590.920.460.040.040.180.050.010.120.01
Interest0.060.070.030.010.020.070.000.020.010.020.020.03
Depreciation0.210.220.230.200.230.250.250.210.220.230.230.20
Profit before tax0.801.0435.380.140.410.940.480.400.120.440.180.22
Tax %0.00%2.88%0.90%35.71%34.15%28.72%47.92%5.00%25.00%25.00%83.33%22.73%
Net Profit0.801.0135.060.080.280.680.260.380.090.330.040.16
EPS in Rs0.050.062.000.000.020.040.010.020.010.020.000.01
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales555.12145.1445.6442.9932.5024.4746.2294.97105.7776.5790.7591.13
Expenses590.32190.8744.5040.2528.8626.7040.1992.48102.1975.0389.0089.40
Operating Profit-35.20-45.731.142.743.64-2.236.032.493.581.541.751.73
OPM %-6.34%-31.51%2.50%6.37%11.20%-9.11%13.05%2.62%3.38%2.01%1.93%1.90%
Other Income-8.84-91.35-246.5313.45-2.4148.27161.101.6055.771.450.350.19
Interest28.6811.060.050.030.050.223.160.090.190.100.070.08
Depreciation7.823.322.832.362.021.520.940.910.860.930.890.88
Profit before tax-80.54-151.46-248.2713.80-0.8444.30163.033.0958.301.961.140.96
Tax %1.13%0.06%-3.02%0.36%-71.43%-14.58%-0.29%-34.30%0.72%34.18%27.19%
Net Profit-81.44-151.56-240.7613.74-0.2450.76163.504.1557.891.300.840.62
EPS in Rs-4.65-8.66-13.760.79-0.012.909.340.243.310.070.050.04
Dividend Payout %0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth-17%30%-2%20%
Compounded Profit Growth7%-24%-41%-61%
Stock Price CAGR8%12%-14%-34%
Return on Equity%%%9%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital17.5017.5017.5017.5017.5017.5017.5017.5017.5017.5017.5017.50
Reserves174.4593.01-58.39-299.28-285.60-285.85-235.17-71.78-67.65-9.78-8.60-7.77
Borrowings244.84203.14247.25242.95242.85242.95192.3433.9628.900.314.060.45
Other Liabilities360.51183.19123.90104.3878.0063.2655.1857.7458.6732.3424.5534.31
Total Liabilities797.30496.84330.2665.5552.7537.8629.8537.4237.4240.3737.5144.49
Fixed Assets80.9119.3713.6816.3012.6110.829.436.335.885.525.427.20
CWIP1.254.585.620.000.000.000.000.000.000.350.000.00
Investments0.403.353.253.253.253.250.000.000.000.000.000.00
Other Assets714.74469.54307.7146.0036.8923.7920.4231.0931.5434.5032.0937.29
Total Assets797.30496.84330.2665.5552.7537.8629.8537.4237.4240.3737.5144.49
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity51.4224.97-54.350.55-20.470.140.4837.866.0929.20-3.336.61
Cash from Investing Activity-0.5544.9421.033.9920.47-0.2150.58-0.17-0.53-0.67-0.45-2.89
Cash from Financing Activity-58.32-71.4633.16-4.35-0.140.06-50.86-37.58-5.16-28.943.69-3.66
Net Cash Flow-7.45-1.55-0.170.19-0.14-0.010.200.110.40-0.42-0.090.06
Free Cash Flow41.2167.17-50.922.21-20.60-0.100.3537.625.6328.50-3.813.61
CFO/OP86%-74%118%50%-746%-57%-25%630%250%811%-185%415%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days124.45196.36343.32183.14117.93100.0789.6530.8039.7441.4155.5369.86
Inventory Days102.1829.8538.4876.7394.79207.18180.26255.3772.8874.81101.4778.88
Days Payable121.7977.72216.81917.49918.37941.23912.13661.23243.69110.58114.61135.71
Cash Conversion Cycle104.84148.49164.99-657.61-705.65-633.99-642.22-375.06-131.075.6442.3913.03
Working Capital Days51.5680.84-148.02-2,372.90-2,371.27-3,099.92-3,389.86-485.03-224.601.1410.346.07
ROCE %14.76%-8.92%-12.59%0.06%19.63%10.54%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters33.48%33.51%33.52%33.52%33.55%33.55%33.56%33.56%33.56%33.56%33.56%33.56%
FIIs0.00%0.00%0.08%0.06%0.00%0.00%0.00%0.16%0.00%0.00%0.00%0.00%
Government0.15%0.15%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Public66.38%66.34%66.40%66.41%66.45%66.44%66.44%66.29%66.44%66.44%66.45%66.46%
No. of Shareholders1,06,6261,19,6121,52,7471,51,9511,55,5941,65,0451,65,6301,63,0991,59,8001,57,3351,53,9921,51,327

Fundamentals

Market Cap₹ 62.8 Cr.
Current Price₹ 3.59
Stock P/E101
Book Value₹ 0.56
ROCE10.5 %
ROE9.13 %
Dividend Yield0.00 %
Face Value₹ 1.00
Compounded Sales Growth (TTM)20%
Compounded Profit Growth (TTM)-61%
Standalone figures.
Valuation
Market capRs 62 Cr
Enterprise valueRs 62 Cr
P/E (TTM)100.48x
Price to book6.40x
Price to sales0.68x
EV / EBITDA32.29x
EV / EBIT59.62x
EV / sales0.68x
Price to cash flow9.43x
Earnings yield1.00%
P/E, 3-year average57.63x
P/B, 3-year average12.43x
P/E, 5-year average38.02x
P/B, 5-year average6.85x
Profitability
Operating margin (excl. other income)1.93%
Operating margin (incl. other income)2.31%
EBITDA margin2.11%
Pre-tax margin1.05%
Net profit margin0.68%
Net margin, latest quarter0.95%
ROE9.02%
ROCE10.46%
ROA2.05%
ROE, 3-year average-82.74%
ROCE, 3-year average15.04%
ROA, 3-year average51.41%
ROE, 5-year average-75.28%
ROCE, 5-year average15.04%
ROA, 5-year average130.28%
ROIC (approx.)8.03%
Tax rate27.19%
Other income / net worth3.60%
Growth
Sales growth (latest year)18.52%
Profit growth (latest year)-35.38%
Sales CAGR, 3 years-1.50%
Sales CAGR, 5 years29.97%
Profit CAGR, 3 years-41.29%
Profit CAGR, 5 years-55.97%
Sales growth QoQ-32.25%
Profit growth QoQ300.00%
Sales growth YoY (latest quarter)2.31%
Profit growth YoY (latest quarter)-57.89%
Per share
EPS (TTM)Rs 0.04
EPS (latest year)Rs 0.05
EPS (latest quarter)Rs 0.01
EPS, 3-year averageRs 1.14
EPS, 5-year averageRs 2.60
Book value per shareRs 0.56
Sales per shareRs 5.21
Cash flow per shareRs 0.38
Free cash flow per shareRs 0.21
Efficiency
Asset turnover2.04x
Fixed asset turnover12.60x
Inventory turnover5.15x
Inventory days71 days
Debtor days70 days
Debtors turnover5.22x
Creditor days136 days
Cash conversion cycle13 days
Working capital days6 days
Leverage
Total debtRs 0 Cr
Cash and bankRs 1 Cr
Net debtRs -0 Cr
Debt to equity0.05x
Net debt / EBITDA-0.16x
Interest coverage13.00x
Owners' fund to total sources21.87%
Debt to assets1.01%
Cash flow
Cash from Operating Activity (latest year)Rs 7 Cr
Cash from Investing Activity (latest year)Rs -3 Cr
Cash from Financing Activity (latest year)Rs -4 Cr
Net Cash Flow (latest year)Rs 0 Cr
Free cash flow (latest year)Rs 4 Cr
FCFE (approx.: FCF + change in debt)Rs 0 Cr
Cash from ops / profit, 5 years0.34x
Sales to cash flow13.73x
Statement figures
Net sales (TTM)Rs 91 Cr
Net sales (latest year)Rs 91 Cr
Sales (latest quarter)Rs 17 Cr
Operating profit excl. other income (latest year)Rs 2 Cr
Operating profit (latest quarter)Rs 0 Cr
Other income (TTM)Rs 0 Cr
EBITDA (TTM)Rs 2 Cr
PBDT (TTM)Rs 2 Cr
Profit before tax (TTM)Rs 1 Cr
Tax (latest year)Rs 0 Cr
Net profit (TTM)Rs 1 Cr
Net profit (latest year)Rs 1 Cr
Net profit (latest quarter)Rs 0 Cr
Depreciation (TTM)Rs 1 Cr
Depreciation (latest quarter)Rs 0 Cr
Interest (TTM)Rs 0 Cr
Cost of goods sold (latest year)Rs 80 Cr
Total expenditure (latest year)Rs 89 Cr
Total income (latest year)Rs 91 Cr
Share capitalRs 18 Cr
ReservesRs -8 Cr
Shareholders' fundsRs 10 Cr
Total assetsRs 44 Cr
Net blockRs 7 Cr
ReceivablesRs 17 Cr
InventoryRs 16 Cr
Other liabilitiesRs 34 Cr
Shares outstanding (crore)17.50
Ownership
Promoter holding33.56% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 100.5 is at the 96th percentile of its own 6.4-year range (median 2.5, low 0.2, high 109.0).
P/B 6.40 is the lowest in 2.4 years (median 11.31).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodPRAKASHSTLNifty 50Difference
1 week-3.3%-2.8% -0.5 pts
1 month-8.0%-6.8% -1.2 pts
3 months-17.6%-7.6% -10.0 pts
6 months-11.0%+0.4% -11.4 pts
1 year-36.4%-9.9% -26.5 pts
2 years-60.6%-13.6% -47.1 pts
3 years-36.4%+14.2% -50.6 pts
5 years+73.7%+27.9% +45.8 pts

Red flags

F-score 5 of 8
explainReceivables outrunning sales Receivables grew 49% vs sales +19% in 2026
lookOn NSE surveillance On NSE surveillance: GSM
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹17 Cr +2.3% vs Jun 2025. Net profit ₹0 Cr -57.9%.

Activity

Compare
CompanyMcap (Cr)P/EROCE
Welspun Corp Ltd74,96932.522.9 %
APL Apollo Tubes Ltd60,76849.431.8 %
Shyam Metalics & Energy Ltd29,97926.713.0 %
Ratnamani Metals & Tubes Ltd19,85945.317.9 %
Jindal Saw Ltd17,75927.210.4 %
Usha Martin Ltd15,20427.919.5 %
Godawari Power & Ispat Ltd14,90218.220.5 %
Gallantt Ispat Ltd.13,00729.818.2 %
Maharashtra Seamless Ltd9,67213.114.3 %
Jayaswal Neco Industries Ltd8,99715.720.7 %
Sunflag Iron & Steel Company Ltd8,36839.44.07 %
Man Industries (India) Ltd7,19835.216.2 %
Aeroflex Industries Ltd7,14110618.9 %
Technocraft Industries (India) Ltd6,63519.516.3 %
Shivalik Bimetal Controls Ltd6,40260.126.6 %
No bulk or block deals on record.
Ex-dateActionFactor
2024-09-20Annual General Meeting
2023-09-20Annual General Meeting
2022-09-21Annual General Meeting
2021-09-20 Annual General Meeting
2020-12-15 Annual General Meeting
2019-09-16 Annual General Meeting
2018-09-19 Annual General Meeting
2017-09-21 Annual General Meeting
2016-09-22 Annual General Meeting
2016-03-03 Face Value Split (Sub-Division) - From Rs 10/- Per Share To Re 1/- Per Share0.1000
2015-09-21 Annual General Meeting/Dividend Re 0.50 Per Share
2014-09-11Annual General Meeting And Dividend Re.1/- Per Share
2013-08-07Annual General Meeting / Dividend - Re 1/- Per Share
2012-08-07Annual General Meeting And Dividend - Re.1/- Per Share
2011-08-08Dividend-Rs.1/- Per Share
DateTypeWhat it says
2026-09-28Shareholder meetingProceedings of Annual General Meeting held on September 28, 2026
2026-09-09Disclosure under SEBI TakeovMrs. DHELIBEN MAFATLAL SETH has submitted to the Exchange a copy of Disclosures under Regulation 10(6)-Report to stock Exchange in respect of any acqu...
2026-09-03Disclosure under SEBI TakeovMrs. DHELIBEN MAFATLAL SETH has Submitted to the Exchange a copy of Disclosure under Regulation 10 (5) of the Securities and Exchange Board of India (...
2026-09-03General UpdatesLetter to the Members pursuant to Regulation 36(1)(b) of SEBI (LODR) Regulations, 2015.
2026-09-03Record DateRegister of Members & Share Transfer Books of the Company will remain closed from 21-Sep-2026 to 28-Sep-2026 for the purpose of Annual General Meeting...
2026-09-03Shareholder meetingNotice of Annual General Meeting to be held on September 28, 2026
2026-08-13Board meeting outcomePrakash Steelage Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-05-28Board meeting outcomePrakash Steelage Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
2026-05-20Disclosure under SEBI TakeovPrakash C Kanugo has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial ...
2026-04-22General UpdatesGeneral Updates
2026-03-24General UpdatesThe Company has received Notice of demand under Section 156 of the Income Tax Act, 1961
2026-02-13Board meeting outcomePrakash Steelage Limited has submitted to the Exchange, the financial results for the period ended December 31, 2025.
2026-02-13Board meeting outcomeBoard meeting held on February 13, 2026.
2025-12-29Price movementSignificant movement in price has been observed in Prakash Steelage Limited. The Exchange, in order to ensure that investors have latest relevant info...
2025-12-29Price movementSignificant movement in price has been observed in Prakash Steelage Limited. The Exchange, in order to ensure that investors have latest relevant info...
2025-11-13Board meeting outcomePrakash Steelage Limited has submitted to the Exchange, the financial results for the period ended September 30, 2025.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Order dateForumCase
2021-01-11NCLTE Complex Pvt LTd Vs Prakash Steelage LTd
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
GSMScrip PE is greater than 50 (4 trailing quarters)
Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.Updated 2026-10-03