On 6 Nov 2026, Prakash Industries was priced at ₹113.45, or 6.5× trailing earnings, against an industry P/E of 19.9×, and the shares are 30% below their 52-week high. It earns ROCE of 9.1% and ROE of 9.6%, and sales and net profit grew 0.3% and 20% a year over 3 years. Its dividend yield is 1.6%, and debt is 0.14× equity. It is a small-cap company with a market cap of ₹2,032 Cr, ranked 44th of 150 Steel companies by market cap; the shares fell 30% over the past year.
- ₹116.00
- ₹116.58
- ₹111.42
- ₹117.09
- 4.4 L
Health check
- ReturnsBehind
−29.8% over a year, better than 0 of 7 peers.
- Price tagCheaper
P/E 6.5 vs industry 19.9.
- GrowthSteady
Sales +0.3%, profit +20.5% a year over 3 years.
- ProfitabilityWeak
ROCE 9.1% vs peer median 18.7%.
- Balance sheetFair
Debt 0.14× equity, interest covered 9.1×, Piotroski 4 of 9.
- Red flags2 to check
Quarterly profit down 22.0% on a year ago.
Small cap
Defensive
Key metrics
- Market cap
- ₹2,032 Cr
- Small cap
- P/E
- 6.5
- Industry 19.9
- Price to book
- 0.57
- Peers 2.28
- Dividend yield
- 1.59%
- ROE
- 9.6%
- Peers 23.4%
- ROCE
- 9.1%
- Peers 18.7%
- Debt to equity
- 0.14
- Debt ₹515 Cr
- EPS (TTM)
- ₹17.48
- Face value ₹10
- OPM (TTM)
- 15.0%
- Net margin 9.0%
- Sales growth
- −0.5%
- Latest quarter vs a year ago
- Profit growth
- −22.0%
- Latest quarter vs a year ago
- Price to sales
- 0.58
- EV/EBITDA 4.5
Strengths and risks
Strengths
- P/E of 6.5 against an industry P/E of 19.9.
- Positive operating cash flow in each of the last 4 years.
Risks to check
- Quarterly profit down 22.0% on a year ago.
- Quarterly sales down 0.5% on a year ago.
About Prakash Industries
Prakash Industries Limited manufactures and sells steel products in India. The company produces sponge iron; steel blooms and billets; ferro alloys; wire rods and HB wire products for use in binding wires, GI wires, fencing barbed wires, and armored sealed wires for heavy electrical cables, nut bolts, nails, screws, alpine products, wire ropes, wire mesh products, etc.; and TMT bars and structurals. It also engages in the generation of wind power, and…
- Headquarters
- New Delhi
- Employees
- 2,708
- Sector
- Basic Materials
- ISIN
- INE603A01013
- Website
- prakash.com
Price range
- Avg volume (3M)
- 5.7 L
- 1-year return
- minus 29.8%
- From 52-week high
- minus 29.9%
Peers · Steel
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| JSWSTEELJSW Steel | 1,357.10 | plus 0.11% | 3,31,265 | 11.7 | 12.2 | 18.7% | 17.7% | 0.62 | 3.6% | plus 14.7% |
| TATASTEELTata Steel | 186.30 | plus 2.36% | 2,32,397 | 21.1 | 9.1 | 11.3% | 15.2% | 0.89 | −1.6% | plus 1.5% |
| JINDALSTELJindal Steel | 1,165.00 | plus 1.31% | 1,18,594 | 41.5 | 14.9 | 7.5% | 15.9% | 0.42 | −13.1% | plus 6.4% |
| LLOYDSMELloyds Metals And Energy | 1,785.50 | minus 1.38% | 1,00,482 | 19.1 | 18.8 | 19.4% | 37.4% | 1.23 | 71.3% | plus 37.4% |
| SAILSteel Authority of India | 171.60 | minus 0.41% | 70,880 | 12.6 | 8.1 | 7.2% | 12.9% | 0.50 | 2.0% | plus 24.7% |
| NMDCNMDC | 70.40 | minus 0.01% | 61,894 | 8.3 | 6.2 | 28.4% | 30.0% | 0.19 | 22.0% | minus 5.2% |
| APLAPOLLOAPL Apollo Tubes | 2,185.30 | minus 0.41% | 60,677 | 46.3 | 32.7 | 28.0% | 8.2% | 0.17 | 12.6% | plus 23.3% |
| PRAKASHPrakash Industries | 113.45 | minus 3.11% | 2,032 | 6.5 | 4.9 | 9.1% | 10.1% | 0.14 | 0.3% | minus 29.8% |
| Median of 7 peers | – | −0.01% | 1,00,482 | 19.1 | 12.2 | 18.7% | 15.9% | 0.50 | 3.6% | 14.7% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 1,037 | 723 | 799 | 920 | 1,032 | |
| 899 | 615 | 674 | 777 | 885 | |
| 138 | 108 | 124 | 143 | 147 | |
| 13.3% | 15.0% | 15.6% | 15.5% | 14.3% | |
| 5.8 | 5.9 | 11.6 | 6.1 | 6.7 | |
| 10.7 | 10.3 | 9.3 | 13.8 | 18.4 | |
| 41.7 | 42.2 | 42.3 | 41.7 | 42.9 | |
| 91.4 | 61.6 | 84.5 | 93.3 | 92.7 | |
| – | – | −2.8% | – | 23.2% | |
| 91.4 | 61.6 | 86.9 | 93.3 | 71.3 | |
| 5.10 | 3.44 | 4.85 | 5.21 | 3.98 |
Profit & loss
- Sales CAGR 3Y
- +0.3%
- Profit CAGR 3Y
- +20.5%
- EPS CAGR 3Y
- +20.5%
- ROE
- 9.6%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 3,444 | 3,678 | 4,014 | 3,479 | |
| – | +6.8% | +9.2% | minus 13.3% | |
| 3,031 | 3,184 | 3,495 | 2,962 | |
| 413 | 494 | 520 | 516 | |
| 12.0% | 13.4% | 12.9% | 14.8% | |
| 1.1 | 22 | 21.7 | 23.1 | |
| 72.9 | 53.7 | 44.3 | 40.7 | |
| 152 | 153 | 143 | 168 | |
| 0.8 | 36.6 | 1.7 | −0.3 | |
| 190 | 346 | 356 | 331 | |
| – | −0.6% | 0.1% | −0.7% | |
| 190 | 348 | 355 | 333 | |
| – | +82.8% | +2.1% | minus 6.3% | |
| 10.64 | 19.44 | 19.85 | 18.60 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 179 | 179 | 179 | 179 | |
| 2,775 | 2,845 | 3,140 | 3,409 | |
| 599 | 362 | 423 | 515 | |
| 698 | 673 | 743 | 649 | |
| 4,251 | 4,059 | 4,485 | 4,753 | |
| 3,302 | 3,226 | 3,288 | 3,505 | |
| 184 | 506 | 14.3 | 208 | |
| 44.7 | 12.8 | 15.4 | 59.3 | |
| 10.3 | 4.1 | 22.6 | 14.4 | |
| 710 | 309 | 1,145 | 966 | |
| 4,251 | 4,059 | 4,485 | 4,753 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 585 | 601 | 142 | 299 | |
| −545 | −320 | −126 | −338 | |
| −37.9 | −288 | 2.1 | 31.1 | |
| 1.8 | −6.2 | 18.5 | −8.2 | |
| −458 | −464 | −175 | −387 | |
| 127 | 138 | −32.8 | −87.7 | |
| – | – | −21.5 | −26.9 |
Shareholding pattern
NSE hasn’t returned a shareholding pattern for this company. Institutions hold about 2.2% (Yahoo estimate).
Major shareholders
Filings & events
News
No recent news coverage found.