Prakash Pipes Limited has informed the Exchange that Board of Directors at its meeting held on May 30, 2026, recommended Final Dividend of Rs. 2.40 per equity share.
PPL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Prakash Pipes Limited reported FY26 results with revenue flat at Rs 78,871 lakhs (vs Rs 78,048 lakhs in FY25). However, net profit declined sharply by 48% to Rs 4,326 lakhs from Rs 8,310 lakhs in the previous year. EPS dropped to Rs 18.09 from Rs 34.74. The Board recommended a final dividend of Rs 2.40 per share (24%), which together with an interim dividend of Rs 1 per share makes total dividend of Rs 3.40 per share for FY26, up from Rs 2.40 per share in FY25. The auditor gave an unmodified (clean) opinion. Cash position dropped significantly from Rs 22,750 lakhs to Rs 1,872 lakhs, while a large loan of Rs 19,400 lakhs was given during the year.
Despite higher dividend payouts, the 48% decline in net profit and massive cash depletion raise concerns about profitability sustainability. Investors should watch PVC resin price trends and the capacity expansion in Flexible Packaging division.