On 6 Nov 2026, Prakash Steelage was priced at ₹3.54, or 118.0× trailing earnings, against an industry P/E of 19.9×, and the shares are 46% below their 52-week high. Sales and net profit fell 1.5% and 41% a year over 3 years, with ROCE of 11% and ROE of 9.0%. It carries very little debt. It is a small-cap company with a market cap of ₹62 Cr, ranked 114th of 150 Steel companies by market cap; the shares fell 30% over the past year.
- ₹3.50
- ₹3.57
- ₹3.47
- ₹3.52
- 47K
Health check
- ReturnsBehind
−30.0% over a year, better than 0 of 7 peers.
- Price tagPricier
P/E 118.0 vs industry 19.9.
- GrowthShrinking
Sales −1.5%, profit −41.3% a year over 3 years.
- ProfitabilityWeak
ROCE 10.7% vs peer median 18.7%.
- Balance sheetFair
Practically debt-free, Piotroski 4 of 9.
- Red flags3 to check
Quarterly profit down 57.0% on a year ago.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹62 Cr
- Small cap
- P/E
- 118.0
- Industry 19.9
- Price to book
- 6.37
- Peers 2.28
- Dividend yield
- 0.00%
- ROE
- 9.0%
- Peers 23.4%
- ROCE
- 10.7%
- Peers 18.7%
- Debt to equity
- 0.05
- Debt ₹0.45 Cr
- EPS (TTM)
- ₹0.03
- Face value ₹1
- OPM (TTM)
- 1.9%
- Net margin 0.7%
- Sales growth
- +2.3%
- Latest quarter vs a year ago
- Profit growth
- −57.0%
- Latest quarter vs a year ago
- Price to sales
- 0.68
- EV/EBITDA 29.9
Strengths and risks
Strengths
- Practically debt-free.
Risks to check
- Quarterly profit down 57.0% on a year ago.
- P/E of 118.0 against an industry P/E of 19.9.
- 46% below its 52-week high.
About Prakash Steelage
Prakash Steelage Limited manufactures and trades in stainless steel welded pipes and tubes in India. The company offers stainless steel large diameter pipes; stainless steel welded tubes; stainless steel instrumentation tubes; stainless steel welded heat exchanger tubes, condenser tubes, and tubes for critical applications; and stainless steel welded EFW pipes. It serves the boilers, automobiles, breweries, chemical and fertilizers, condensers,…
- Headquarters
- Mumbai
- Employees
- 76
- Sector
- Basic Materials
- ISIN
- INE696K01024
- Website
- prakashsteelage.com
Price range
- Avg volume (3M)
- 1.1 L
- 1-year return
- minus 30.0%
- From 52-week high
- minus 46.1%
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% |
| PRAKASHSTLPrakash Steelage | 3.54 | plus 0.57% | 62 | 118.0 | 31.9 | 10.7% | 1.9% | 0.05 | −1.5% | minus 30.0% |
| 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 |
|---|---|---|---|---|---|
| 16.4 | 25.1 | 24.5 | 24.8 | 16.8 | |
| 16 | 24.8 | 23.8 | 24.5 | 16.4 | |
| 0.4 | 0.3 | 0.7 | 0.3 | 0.4 | |
| 2.7% | 1.2% | 2.8% | 1.3% | 2.6% | |
| 0.2 | 0.1 | 0 | 0.1 | 0 | |
| 0 | 0 | 0 | 0 | 0 | |
| 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | |
| 0.4 | 0.1 | 0.4 | 0.2 | 0.2 | |
| 4.7% | 25.7% | 25.0% | 79.6% | 24.0% | |
| 0.4 | 0.1 | 0.3 | 0 | 0.2 | |
| 0.02 | – | 0.02 | – | 0.01 |
Profit & loss
- Sales CAGR 3Y
- −1.5%
- Profit CAGR 3Y
- −41.3%
- EPS CAGR 3Y
- −40.7%
- ROE
- 9.0%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 94.9 | 106 | 76.5 | 90.7 | |
| – | +11.5% | minus 27.7% | +18.6% | |
| 90.6 | 102 | 74.9 | 88.8 | |
| 4.3 | 3.6 | 1.5 | 1.9 | |
| 4.5% | 3.4% | 2.0% | 2.1% | |
| −0.3 | 21.7 | 1.4 | 0.2 | |
| 0 | 0.2 | 0.1 | 0 | |
| 0.9 | 0.9 | 0.9 | 0.9 | |
| −0 | 34.1 | −0 | −0.1 | |
| 3.1 | 58.3 | 2 | 1.1 | |
| −34.3% | 0.7% | 34.1% | 26.5% | |
| 4.1 | 57.9 | 1.3 | 0.8 | |
| – | +1296.2% | minus 97.8% | minus 35.3% | |
| 0.24 | 3.31 | 0.07 | 0.05 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 17.5 | 17.5 | 17.5 | 17.5 | |
| −67.7 | −9.8 | −8.6 | −7.8 | |
| 28.9 | 0.3 | 4.1 | 0.5 | |
| 58.7 | 32.3 | 24.6 | 34.3 | |
| 37.4 | 40.4 | 37.5 | 44.5 | |
| 5.9 | 5.9 | 5.4 | 7.2 | |
| – | 0.4 | – | – | |
| 0.1 | 0.1 | 0.1 | 0.1 | |
| 0.8 | 0.4 | 0.9 | 0.3 | |
| 30.7 | 33.7 | 31.1 | 36.8 | |
| 37.4 | 40.4 | 37.5 | 44.5 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 6.1 | 29.2 | −3.3 | 6.6 | |
| −0.5 | −0.7 | −0.4 | −2.9 | |
| −5.2 | −28.9 | 3.7 | −3.7 | |
| 0.4 | −0.4 | −0.1 | 0.1 | |
| −0.5 | −0.8 | −0.5 | −3 | |
| 5.6 | 28.4 | −3.8 | 3.6 |
Shareholding pattern
- Promoters33.56%
- Public66.44%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 33.56% | 66.44% | 0.00 | |
| 30 Jun 2026 | 33.56% | 66.44% | 0.00 | |
| 31 Mar 2026 | 33.56% | 66.44% | 0.00 | |
| 31 Dec 2025 | 33.56% | 66.44% | 0.00 | |
| 30 Sep 2025 | 33.56% | 66.44% | – |
Major shareholders
Filings & events
News
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