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Prakash Pipes Limited
(PPL)
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Rating:63Neutral
Price Target:
₹279.00
▲(15.60% Upside)
Action:Reiterated
Date:06/30/26
The score is primarily driven by financial performance: a very conservative balance sheet is a major positive, but it is offset by FY2026 margin compression, lower earnings, and sharply weaker cash generation (near-zero/negative free cash flow). Valuation is reasonable (P/E ~16.9 with a ~1.1% yield) but not compelling enough to overcome the latest operational and cash-flow setback, while technical signals could not be assessed due to missing indicators.
Positive Factors
Conservative balance sheet
Very low leverage reduces interest and refinancing pressure, giving PPL greater resilience through demand or raw-material volatility. Rising equity also supports the asset base and preserves financial capacity for operations or measured investment.
Negative Factors
Margin compression
The sharp decline in gross and net margins indicates weaker profitability economics and raises questions about cost pass-through, product mix, or competitive pricing. Persistent compression would reduce earnings resilience even if revenue continues growing.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Very low leverage reduces interest and refinancing pressure, giving PPL greater resilience through demand or raw-material volatility. Rising equity also supports the asset base and preserves financial capacity for operations or measured investment.
Read all positive factors
Prakash Pipes Limited (PPL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹6.27B
Dividend Yield1.3%
Average Volume (3M)4.02K
Price to Earnings (P/E)12.8
Beta (1Y)1.44
Revenue Growth6.12%
EPS Growth-27.39%
CountryIN
Employees464
SectorGeneral
Sector StrengthN/A
IndustryConstruction Materials
Share Statistics
EPS (TTM)18.09
Shares Outstanding23,918,354
10 Day Avg. Volume4,766
30 Day Avg. Volume4,016
Financial Highlights & Ratios
PEG Ratio-0.19
Price to Book (P/B)0.82
Price to Sales (P/S)0.50
P/FCF Ratio-912.90
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 Pipes Limited Business Overview & Revenue Model
Company Description
Prakash Pipes Limited, an Indian enterprise established in New Delhi in 1981, specializes in the manufacturing and distribution of polyvinyl chloride (PVC) piping systems and a variety of packaging materials. The company's comprehensive portfolio ...
How the Company Makes Money
PPL makes money primarily by manufacturing and selling plastic piping products and related accessories. Revenue is generated from the sale of finished goods (e.g., pipes and fittings) to a network of dealers/distributors/retail channels and to ins...
Prakash Pipes Limited Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
82
Very Positive
Cash Flow
46
Neutral
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 7.89B | 7.80B | 6.69B | 7.09B | 6.17B |
| Gross Profit | 1.38B | 1.87B | 2.02B | 1.77B | 1.48B |
| EBITDA | 758.50M | 1.30B | 1.23B | 1.05B | 805.40M |
| Net Income | 432.60M | 831.00M | 896.40M | 712.90M | 468.00M |
Balance Sheet | |||||
| Total Assets | 6.04B | 5.78B | 4.93B | 3.46B | 2.97B |
| Cash, Cash Equivalents and Short-Term Investments | 561.70M | 2.70B | 2.58B | 1.21B | 465.00M |
| Total Debt | 191.70M | 388.60M | 401.80M | 95.80M | 51.70M |
| Total Liabilities | 1.25B | 1.34B | 1.27B | 669.20M | 612.30M |
| Stockholders Equity | 4.79B | 4.44B | 3.65B | 2.79B | 2.35B |
Cash Flow | |||||
| Free Cash Flow | -4.30M | 129.60M | 1.00B | 357.20M | 133.60M |
| Operating Cash Flow | 234.70M | 718.10M | 1.20B | 424.90M | 511.90M |
| Investing Cash Flow | -2.04B | -286.00M | -459.70M | 155.80M | -356.90M |
| Financing Cash Flow | -278.20M | -56.20M | 255.50M | 5.00M | 4.50M |
Prakash Pipes Limited Technical Analysis
Neutral
241.35
Price Trends
269.74
Negative
241.30
Positive
232.00
Positive
Market Momentum
0.20
Positive
46.97
Neutral
24.40
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:PPL, the sentiment is Neutral. The current price of 241.35 is below the 20-day moving average (MA) of 265.52, below the 50-day MA of 269.74, and above the 200-day MA of 232.00, indicating a neutral trend. The MACD of 0.20 indicates Positive momentum. The RSI at 46.97 is Neutral, neither overbought nor oversold. The STOCH value of 24.40 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:PPL.
Prakash Pipes Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | ₹464.92B | 44.75 | ― | 1.04% | 8.71% | 16.02% | |
67 Neutral | ₹412.36B | 71.50 | ― | 0.26% | 16.79% | 18.82% | |
66 Neutral | ₹99.68B | 16.12 | ― | 1.22% | -2.24% | 54.85% | |
63 Neutral | ₹6.27B | 12.77 | ― | 1.39% | 6.12% | -27.39% | |
58 Neutral | ₹27.96B | -301.91 | ― | 0.23% | -1.99% | -132.14% | |
56 Neutral | ₹1.35B | 9.05 | ― | ― | 2.73% | -18.79% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
IN:PPL
Prakash Pipes Limited
264.90
-49.15
-15.65%
IN:APOLLOPIPE
Apollo Pipes Ltd.
626.70
218.37
53.48%
IN:ASTRAL
Astral Limited
1,530.00
126.75
9.03%
IN:FINPIPE
Finolex Industries Limited
157.90
-52.42
-24.92%
IN:SUPREMEIND
Supreme Industries Limited
3,600.00
-930.20
-20.53%
IN:TEXMOPIPES
Texmo Pipes & Products Ltd.
45.82
-10.75
-19.00%
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.