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Prakash Pipes Limited
(PPL)
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Rating:61Neutral
Price Target:
₹265.00
▲(9.80% Upside)
Action:Reiterated
Date:09/30/26
The score is driven primarily by mixed financial performance: a strong, low-debt balance sheet is a major positive, but FY2026 margin compression and weakened cash conversion materially increase near-term risk. Technical indicators are also weak with bearish/oversold signals, while valuation (modest P/E and a small dividend) provides partial support.
Positive Factors
Conservative balance sheet
Very low leverage gives Prakash Pipes financial resilience and reduces the burden of interest or refinancing obligations. A growing equity base also supports asset expansion and preserves capacity to fund operations or pursue growth without relying heavily on additional debt.
Negative Factors
Sharp margin compression
The steep decline in gross and net margins shows that recent revenue has translated into substantially less profit. If margins do not recover, weaker earnings power could constrain reinvestment, reduce returns, and leave the company more exposed to product mix and cost pressures.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Very low leverage gives Prakash Pipes financial resilience and reduces the burden of interest or refinancing obligations. A growing equity base also supports asset expansion and preserves capacity to fund operations or pursue growth without relying heavily on additional debt.
Read all positive factors
Prakash Pipes Limited (PPL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹6.07B
Dividend Yield1.39%
Average Volume (3M)2.36K
Price to Earnings (P/E)11.8
Beta (1Y)1.47
Revenue Growth6.12%
EPS Growth-27.41%
CountryIN
Employees568
SectorGeneral
Sector StrengthN/A
IndustryConstruction Materials
Share Statistics
EPS (TTM)20.65
Shares Outstanding23,918,354
10 Day Avg. Volume2,031
30 Day Avg. Volume2,364
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 | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 8.35B | 7.89B | 7.80B | 6.69B | 7.09B | 6.17B |
| Gross Profit | 1.83B | 1.38B | 1.87B | 2.02B | 1.77B | 1.48B |
| EBITDA | 841.47M | 758.50M | 1.30B | 1.23B | 1.05B | 805.40M |
| Net Income | 493.70M | 432.60M | 831.00M | 896.40M | 712.90M | 468.00M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 6.04B | 5.78B | 4.93B | 3.46B | 2.97B |
| Cash, Cash Equivalents and Short-Term Investments | 561.70M | 561.70M | 2.70B | 2.58B | 1.21B | 465.00M |
| Total Debt | 0.00 | 191.70M | 388.60M | 401.80M | 95.80M | 51.70M |
| Total Liabilities | -4.79B | 1.25B | 1.34B | 1.27B | 669.20M | 612.30M |
| Stockholders Equity | 4.79B | 4.79B | 4.44B | 3.65B | 2.79B | 2.35B |
Cash Flow | ||||||
| Free Cash Flow | -24.60M | -4.30M | 129.60M | 1.00B | 357.20M | 133.60M |
| Operating Cash Flow | 99.60M | 234.70M | 718.10M | 1.20B | 424.90M | 511.90M |
| Investing Cash Flow | 2.90M | -2.04B | -286.00M | -459.70M | 155.80M | -356.90M |
| Financing Cash Flow | -269.70M | -278.20M | -56.20M | 255.50M | 5.00M | 4.50M |
Prakash Pipes Limited Technical Analysis
Negative
241.35
Price Trends
265.27
Negative
252.40
Negative
231.64
Positive
Market Momentum
-3.75
Positive
34.09
Neutral
17.11
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:PPL, the sentiment is Negative. The current price of 241.35 is below the 20-day moving average (MA) of 268.55, below the 50-day MA of 265.27, and above the 200-day MA of 231.64, indicating a neutral trend. The MACD of -3.75 indicates Positive momentum. The RSI at 34.09 is Neutral, neither overbought nor oversold. The STOCH value of 17.11 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 | ₹441.81B | 41.59 | ― | 1.07% | 8.71% | 16.02% | |
66 Neutral | ₹93.10B | 15.11 | ― | 1.33% | -2.24% | 54.85% | |
62 Neutral | ₹1.61B | 10.51 | ― | ― | 2.73% | -18.79% | |
61 Neutral | ₹6.07B | 11.79 | ― | 1.39% | 6.12% | -27.41% | |
58 Neutral | ₹22.40B | -245.26 | ― | 0.14% | -1.99% | -132.14% | |
57 Neutral | ₹369.98B | 62.72 | ― | 0.30% | 16.79% | 18.82% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
IN:PPL
Prakash Pipes Limited
243.45
-57.56
-19.12%
IN:APOLLOPIPE
Apollo Pipes Ltd.
512.75
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1,339.00
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150.50
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IN:SUPREMEIND
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3,376.75
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-18.60%
IN:TEXMOPIPES
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54.13
-1.83
-3.27%
Prakash Pipes Limited Corporate Events
Prakash Pipes Publishes AGM, Record Date and E-Voting Notice
Sep 9, 2026
Prakash Pipes Limited has notified stock exchanges that it has published newspaper notices regarding its ninth Annual General Meeting, record date and e-voting arrangements in leading English and Punjabi dailies. The move underscores the company&#...
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.