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NSE:PRAKASHSTL

PRAKASH STEELAGE LTD

Capital Goods › Industrial Products
₹3.29
at close · 28 Oct 2026
▼ 0.09 (-2.66%)

Latest filings

Next results: Thu, 5 Nov · Financial Results
  1. Board meeting set for November 5 to approve September results · Results
  2. Compliance filing: Reg 74(5) certificate for Q2 FY27 dematerialisation · Compliance
  3. Prakash Steelage 35th AGM: all 4 resolutions passed · Board & Shareholder Meetings
All filings ↓
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Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Manufactures and sells stainless steel tubes and pipes, generating Rs 9,074.67 lakhs of revenue from operations in FY26, up 18.5% year-on-year from Rs 7,656.86 lakhs in FY25, driven by higher stainless steel pipe sales. Despite the revenue growth, net profit after tax fell to Rs 83.87 lakhs from Rs 129.57 lakhs (~35% drop), and the Q4 FY26 standalone PAT was just Rs 3.64 lakhs, with EBITDA margin compressing from 3.84% to 2.28%. Raw materials are the dominant input, accounting for 74.9% of revenue, with cost of materials consumed rising from Rs 4,739.44 lakhs in FY25 to Rs 6,793.20 lakhs in FY26. Other equity on the balance sheet is negative at Rs 772.15 lakhs / Rs 777.15 lakhs, reflecting accumulated losses. The company faces an outstanding Income Tax demand of Rs 49.29 crore (including interest) for Assessment Year 2024-25, which it plans to appeal, and a SEBI show cause notice dated April 21, 2026 alleging violations of multiple LODR regulations.

Operating scale
FY26 revenue from operations
Rs 9,074.67 lakhsFY26
FY26 net profit after tax
Rs 83.87 lakhsFY26
Q3 FY26 revenue from operations
Rs 2,445.12 lakhsQ3 FY26
Raw materials share of revenue
74.9%FY26
FY26 operating cash flow
Rs 661.08 lakhsFY26
Income tax demand under appeal
Rs 49.29 crore (including interest)AY 2024-25
Who pays it
Industrial buyers of stainless steel tubes and pipes (customer end-markets not specified in the facts).
Biggest cost
Raw materials at 74.9% of revenue (cost of materials consumed rose from Rs 4,739.44 lakhs in FY25 to Rs 6,793.20 lakhs in FY26).
Kind of business
Small, margin-compressed stainless steel tube and pipe manufacturer with accumulated losses and pending regulatory matters.
Where it sits
Listed on NSE and BSE within the Industrials / Capital Goods / Iron & Steel Products classification, with FY26 revenue of Rs 9,074.67 lakhs and total assets of Rs 44.4937 crore.
Market Cap
₹58 Cr
P / E (TTM)
109.7×
EV / EBITDA
30.0×
Div Yield
—
Growth
30.0%▲
Revenue 5y CAGR
PAT -56.0% · EBITDA -46.1%
Quality
n/m·
ROCE · capital employed below zero
ROE n/m · margin 2.3%
Leverage
0.03·
Debt / Equity · low
Net debt ₹0.01 Cr
Revenue FY21→FY26
3.7×▲
Margin −206.5 pts
₹24 Cr → ₹91 Cr
Cash conversion
0.34×▼
Operating cash ÷ profit · 5 yrs
₹76 Cr on ₹228 Cr
Moves on a normal day
0.91%·
Median daily move
Last 267 sessions · the yardstick for filing-day moves
Where it sits among 123 Iron & Steel Products peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#99/105
P/B#92/101
ROCE#51/115
ROE#51/103
Debt / Equity#27/101
EBITDA margin#90/100
Revenue growth#67/97
Profit growth#90/105

Scorecard

Measured from the filed financials, judged against its Iron & Steel Products peers · as of FY26 — not investment advice

Strengths
Revenue compounding 30% a year over 5 years
Debt at 0.03× equity
lower than 74% of its 101 Iron & Steel Products peers
Concerns
Profit shrinking over 5 years (−56% a year)
Erratic profits — up in only 2 of the last 5 years
Over 5 years it reported ₹228 Cr of profit and ₹76 Cr of operating cash — 0.34×
Less than 60p of every ₹1 of profit arrived as cash

Charts

How has the market priced it — with filings on the timeline?

PRAKASHSTL · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

How does it stack up on valuation, returns and growth?

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from PRAKASH STEELAGE LTD's filed financials and exchange disclosures

What does PRAKASH STEELAGE LTD do?

PRAKASH STEELAGE LTD is a Industrial Products company listed on NSE and BSE, trading under the symbol PRAKASHSTL.

Is PRAKASH STEELAGE LTD profitable?

Yes. Over the trailing twelve months PRAKASH STEELAGE LTD reported a net profit of ₹0.62 Cr on revenue of ₹91 Cr.

Does PRAKASH STEELAGE LTD pay a dividend?

Not in the latest reported year — PRAKASH STEELAGE LTD's dividend payout for FY26 was nil.

Is PRAKASH STEELAGE LTD debt-free?

No. It reported borrowings of ₹0.33 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹0.01 Cr after cash. Debt stands at 0.03× equity. That is lower than 74% of its 101 Iron & Steel Products peers.

Is PRAKASH STEELAGE LTD expensive compared with its peers?

On trailing P/E, PRAKASH STEELAGE LTD ranks 99 of 105 in Iron & Steel Products — cheaper than 6% of them, against an industry median of 15.4×. This is a position, not a valuation judgement.

How much does the PRAKASH STEELAGE LTD share price move in a day?

On a typical session PRAKASH STEELAGE LTD moves 0.91% — that is the median absolute close-to-close move across its last 267 trading days. MarketPing measures each filing's price reaction against it.

When are PRAKASH STEELAGE LTD's next results?

Financial Results on Thu, 5 Nov. MarketPing alerts you on WhatsApp the moment the filing lands.

Where can I track PRAKASH STEELAGE LTD's announcements?

Every NSE and BSE filing by PRAKASH STEELAGE LTD appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.