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Prakash Steelage Limited
(PRAKASHSTL)
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Rating:47Neutral
Price Target:
₹4.00
▼(-22.48% Downside)
Action:Reiterated
Date:09/06/26
Overall score reflects uneven financial performance despite recent improvement (revenue growth, lower leverage, positive free cash flow), weighed down by a weak technical setup (below major moving averages with negative MACD and sub-50 RSI) and an expensive valuation (P/E ~107.6) that is hard to justify given thin, volatile margins.
Positive Factors
Recent Revenue Recovery
The latest revenue recovery indicates that demand and shipment activity have improved after the prior-year contraction. If sustained, renewed sales growth can support better capacity utilization, strengthen operating leverage, and provide a foundation for rebuilding earnings over the next several quarters.
Negative Factors
Very Thin Profitability
Margins remain too thin to provide much protection against changes in stainless-steel input costs, product pricing, or operating efficiency. Even modest pressure on realized prices or expenses could materially reduce earnings, limiting the durability of profits and internal funding capacity.
Read all positive and negative factors
Positive Factors
Negative Factors
Recent Revenue Recovery
The latest revenue recovery indicates that demand and shipment activity have improved after the prior-year contraction. If sustained, renewed sales growth can support better capacity utilization, strengthen operating leverage, and provide a foundation for rebuilding earnings over the next several quarters.
Read all positive factors
Prakash Steelage Limited (PRAKASHSTL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹644.00M
Dividend Yield0.39%
Average Volume (3M)32.86K
Price to Earnings (P/E)101.7
Beta (1Y)1.08
Revenue Growth19.54%
EPS Growth-60.99%
CountryIN
Employees76
SectorGeneral
Sector StrengthN/A
IndustrySteel
Share Statistics
EPS (TTM)0.08
Shares Outstanding175,000,380
10 Day Avg. Volume25,137
30 Day Avg. Volume32,859
Financial Highlights & Ratios
PEG Ratio-2.30
Price to Book (P/B)6.90
Price to Sales (P/S)0.74
P/FCF Ratio18.56
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
Established in 1991 and headquartered in Mumbai, India, Prakash Steelage Limited specializes in the fabrication, marketing, and distribution of welded stainless steel pipes, tubes, and U-tubes across India. The company serves an extensive range of...
How the Company Makes Money
Prakash Steelage Limited primarily makes money by manufacturing and selling stainless-steel welded pipes and tubes and related stainless-steel tubular products. Revenue is generated through (1) domestic sales to industrial customers and project/en...
Prakash Steelage Limited Financial Statement Overview
Summary
Income Statement
52
Neutral
Balance Sheet
55
Neutral
Cash Flow
49
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 820.38M | 907.47M | 765.69M | 1.06B | 949.74M | 460.97M |
| Gross Profit | 139.84M | 90.60M | 88.37M | 145.03M | 132.02M | 97.09M |
| EBITDA | 29.54M | 20.94M | 29.91M | 593.55M | 58.34M | 1.67B |
| Net Income | 14.01M | 8.39M | 12.96M | 578.87M | 41.46M | 1.64B |
Balance Sheet | ||||||
| Total Assets | 359.38M | 444.94M | 375.20M | 403.61M | 374.14M | 374.20M |
| Cash, Cash Equivalents and Short-Term Investments | 17.31M | 7.52M | 7.39M | 3.52M | 7.67M | 3.70M |
| Total Debt | 21.22M | 4.54M | 40.92M | 3.07M | 289.01M | 339.58M |
| Total Liabilities | 266.21M | 347.65M | 286.17M | 326.44M | 875.67M | 916.95M |
| Stockholders Equity | 93.17M | 97.28M | 89.03M | 77.17M | -501.53M | -542.75M |
Cash Flow | ||||||
| Free Cash Flow | 29.55M | 36.15M | -38.30M | 283.54M | 56.10M | 373.40M |
| Operating Cash Flow | 47.01M | 66.21M | -33.49M | 292.03M | 60.88M | 378.58M |
| Investing Cash Flow | -17.13M | -29.50M | -5.10M | -6.74M | -5.28M | -1.66M |
| Financing Cash Flow | -19.99M | -36.11M | 37.71M | -289.44M | -51.63M | -375.82M |
Prakash Steelage Limited Technical Analysis
Negative
5.16
Price Trends
3.87
Negative
4.10
Negative
4.33
Negative
Market Momentum
-0.07
Positive
37.69
Neutral
20.37
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 3.72, above the 50-day MA of 3.87, and above the 200-day MA of 4.33, indicating a bearish trend. The MACD of -0.07 indicates Positive momentum. The RSI at 37.69 is Neutral, neither overbought nor oversold. The STOCH value of 20.37 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 (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
59 Neutral | ₹44.77B | 42.37 | ― | 0.07% | 21.73% | 13.47% | |
58 Neutral | ₹14.97B | 19.66 | ― | 0.03% | 61.15% | -9.11% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
51 Neutral | ₹8.18B | 20.95 | ― | ― | ― | ― | |
50 Neutral | ₹2.16B | 27.81 | ― | ― | 20.90% | -36.24% | |
47 Neutral | ₹644.00M | 101.69 | ― | 0.39% | 19.54% | -60.99% | |
45 Neutral | ₹742.70M | 18.41 | ― | 5.58% | -61.73% | 29.57% |
* General Sector Average
IN:PRAKASHSTL
Prakash Steelage Limited
3.60
-1.74
-32.58%
IN:HITECH
Hi-Tech Pipes Ltd.
73.20
-40.74
-35.76%
IN:VENUSPIPES
Venus Pipes & Tubes Ltd.
2,196.90
893.97
68.61%
IN:VSTL
Vibhor Steel Tubes Ltd.
112.50
-43.20
-27.75%
IN:ZENITHSTL
Zenith Steel Pipes & Industries Limited
5.22
-1.69
-24.46%
IN:SCODATUBES
Scoda Tubes Ltd.
130.25
-46.85
-26.45%
Prakash Steelage Limited Corporate Events
Prakash Steelage Closes Trading Window Ahead of June-Quarter Results
Jun 25, 2026
Prakash Steelage Limited has announced that its trading window for dealing in the company’s securities will be closed for directors, employees, and their immediate relatives from July 1, 2026, in line with SEBI’s Prohibition of Insider...
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.