Prakash Steelage Ltd.
Snapshot View

1.46 -0.07 ▼-4.6%

23 July 2021, 04:00:00 P.M.
Volume: 56,220

Overview View Details

Sector Iron & Steel Compare with Sector peers
Industry Steel & Iron Products Compare with Industry peers
Website http://www.prakashsteelage.com
Financial Indicators
Market Cap 25.55 Cr.
Earnings per share (EPS) 2.90 Trailing Twelve Months Ending 2021-03
Price-Earning Ratio (PE) 0.50 Trailing Twelve Months Ending 2021-03
Industry PE 19.75 Trailing Twelve Months Ending 2021-03
Book Value / Share -12.43 Trailing Twelve Months Ending 2021-03
Price to Book Value -0.12 Calculated using Price: 1.46
Dividend Yield 0.00 Period Ending 2020-03
No. of Shares Subscribed 17.50 Cr. 175,000,390 Shares
FaceValue 1
Company Profile

Prakash Steelage Limited, a Prakash Group company was incorporated on May 9, 1991 under the Companies Act, 1956 as ‘Prakash Steelage Private Limited’ vide Certificate of Incorporation issued by the Registrar of Companies, Maharashtra, Mumbai The Company was later converted into a public company and the name was changed to ‘Prakash Steelage Limited’, pursuant to a shareholders resolution dated July 7, 1997 and received a Certificate of Change of Name on August 12, 1997. The promoters of the company are Mr. Prakash C. Kanugo and Mr. Ashok M. Seth.

Prakash Group was started in the year 1976 and has 30 years of track record of stability, trust & growth. From trading to manufacturing value added steel products, PSL has pre-eminent position in importation, stocking and supplying Flat and Long Stainless Steel segment in India.

The company first started off with trading activity i.e; trading in the stainless steel sheets, coils and plates. Subsequently it started its own manufacturing activity in the year 1996 by setting its first plant in the Union Territory of Dadra and Nagar Haveli with a capacity of 4000 MT per annum of welded stainless steel and seamless pipes & tubes. Considering the huge demand and future business potential it subsequently started its second unit at Umbergaon, Gujarat by setting a state of art manufacturing plant with the capacity of 8200 MT of welded stainless steel and seamless pipes & tubes in the year 2007. The company is amongst the premier and an established manufacturer of a wide range of SS pipes and tubes.

The company is a “Govt. Recognized Star Export House” exporting to several MNC’s into more than 40 countries across the Globe. Its products are exported to Countries round the globe. It  export its products to Countries like North America, South East Asia, Africa, Middle-East and Europe. It enjoys credible relationship with Aminco China LLC (China), A. Hadi (Saudi Arabia), Bronswerk Heat Transfer BV Nijkerk, (Netherlands), CT Co. (Egypt), Cunado (Spain), Gea process engg. SPA., Ssna, LLC (USA), S.A.S, (Norway), Serck Service Ltd. (Dubai) and STI Ltd., (UK).

Products

Prakash Steelage Ltd. specializes in meeting specific requirements of customers and offers complete solution for stainless steel welded & seamless pipes and tubes. The different products manufactured by the Company includes the following. The product varies depending on its type, shape and size.

  • S.S. Welded Tubes
  • S.S. Welded Pipes
  • S.S. Efw Pipes
  • S.S. Seamless Tubes
  • S.S. Seamless Pipes
  • Square
  • U Bend Tubing
  • S.S. Grades

Clientele:

The company’s top ten client base based on the sales value of the products supplied to them for the year ended March 31, 2010 are as follows:

  • BGR Energy Systems Limited
  • Bharat Heavy Electrical Ltd. Hyderabad
  • KBK Chemie Ltd.
  • Chandan Steel Ltd.
  • Kudos Chemie Ltd.
  • Mojj Engineering Systems Ltd.
  • Praj Industries Ltd.
  • Steelage Overseas Private Ltd.
  • Unitech Machine Ltd.
  • Top Honest INC.

Milestones:

  • 1991 - Incorporation of the Company
  • 1996 -  Started our first manufacturing unit at Silvassa with a capacity of 4000 MTPA
  • 1997 -  Converted into a public limited company
  • 2002 -  Awarded with ISO 9001 : 2000 for our unit at Silvassa
  • 2005 -  Recognized as Export house by the Government.
  • 2007 - Awarded with ISO 9001 : 2000 for our unit at Umbergaon
  • 2007 - Started our second ‘state of the art’ manufacturing facility at Umbergaon with a capacity of 8200 MTPA.
  • 2007 - Winner of Good housekeeping competition by Directorate of Industries safety & health, Government of Gujarat
  • 2008 - Certified as PED (Pressure Equipment Directive), AD – 2000 – Merkbatt W O EIL, Llyods & IBR Approved Company
  • 2008 - Awarded with TUV Certificate for our unit at Umbergaon by TUV Rheinland Industrie Service GmbH, Cologne, Germany
  • 2009 - Awarded with TUV Certificate for our unit at Silvassa by TUV Rheinland Industrie Service GmbH, Cologne, Germany
  • 2009 - Awarded with BS OHSAS 18001-2007 by RINA SpA, Genova, Italy
  • 2009 - Awarded with ISO-14001-2004 by RINA SpA, Genova, Italy
  • 2010 - Recognised as Star Export House by Government of India
  • 2010 - Vendor Approval from Kuwait National Petroleum Company (Kuwait)

Awards/ recognition

  • It is an ISO 9001-2008 certified Company, with a legacy of over 19 years of presence in the industry.

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
-4.58%
1 Week
+5.04%
1 Month
+23.73%
3 Month
+87.18%
6 Month
+53.68%
1 Year
+58.70%
2 Year
+484.00%
5 Year
-4.58%
9 years 2012-03 2013-03 2014-03 2015-03 2016-03 2017-03 2018-03 2019-03 2020-03
Return on Equity (%) 11.65 8.82 9.61 7.57 -53.86 -435.41
Return on Capital Employed (%) 15.35 14.03 14.90 13.08 -13.82 -54.00 -296.33
Return on Assets (%) 3.58 2.63 2.82 1.96 -12.59 -36.65 -121.66 23.23 -0.53

Balance Sheet View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Shh. Funds 153 165 180 192 111 -41 -282 -268 -268
Non Curr. Liab. 13 13 47 66 66 7 7 7 7
Curr. Liab. 365 357 411 539 320 364 340 314 299
Minority Int.
Equity & Liab. 531 535 637 797 497 330 66 53 38
Non Curr. Assets 88 96 96 97 50 23 22 18 15
Curr. Assets 443 439 541 700 447 308 44 35 23
Misc. Exp. not W/O
Total Assets 531 535 637 797 497 330 66 53 38

Profit Loss View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Net Sales 684 793 944 1,072 555 145 46 43 33
Other Income 6 10 4 12 13 19 3 22 1
Total Income 689 803 948 1,085 568 164 48 65 33
Total Expenditure -632 -745 -881 -1,005 -590 -191 -45 -40 -29
PBIDT 58 58 67 79 -22 -27 4 25 4
Interest -24 -30 -35 -36 -29 -11 0 0 0
Depreciation -7 -7 -8 -11 -8 -3 -3 -2 -2
Taxation -10 -7 -9 -7 -1 0 8 0 1
Exceptional Items 2 -10 -22 -110 -249 -9 -3
PAT 17 14 17 14 -81 -152 -241 14 0

Cash Flow View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Cash Fr. Operatn. 18 27 -9 51 25 -54 1 -20 0
Cash Fr. Inv. -13 -4 -9 -1 45 21 4 20 0
Cash Fr. Finan. -13 -22 23 -58 -71 33 -4 0 0
Net Change -8 1 5 -7 -2 0 0 0 0
Cash & Cash Eqvt 4 5 9 2 0 0 0 0 0

Shareholding Pattern View Details

9 Qtrs 2019-06 (%) 2019-09 (%) 2019-12 (%) 2020-03 (%) 2020-06 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%) 2021-06 (%)
Promoter 48.18 48.18 48.18 48.18 48.18 48.18 48.18 48.18 48.18
Public 51.82 51.82 51.82 51.82 51.82 51.82 51.82 51.82 51.82
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 22.60 22.60 22.60 22.60 22.60 22.60 22.60 22.60 22.60

Announcements View Details

Thu, 22 Jul 2021
Announcement under Regulation 30 (LODR)-Newspaper Publication
Dear Sir/Madam

Pursuant to Regulation 30 and 47 read with PART A of Schedule III of SEBI (Listing Obligation and Disclosure requirements) Regulations 2015 (Listing Regulation) the Company hereby informs that a notice to the shareholders has been published in the Business Standard(English newspaper) and The Global Times (Marathi newspaper) today under applicable provision of the Companies Act 2013 read with Investor Education and Protection Fund Authority (Accounting Audit Transfer and Refund) Rules 2016 as amended from time to time.

As required under Regulation 46 of the Listing Regulation the said notice have also been placed on the companys website at www.prakashsteelage.com.

Kindly take the same on your record.
Tue, 13 Jul 2021
Shareholding for the Period Ended June 30 2021
Prakash Steelage Ltd has submitted to BSE the Shareholding Pattern for the Period Ended June 30 2021. For more details kindly Click here
Fri, 09 Jul 2021
Statement Of Investor Complaints For The Quarter Ended June 2021
No.of Investor complaints pending at the beginning of the quarter No.of Investor complaints received during the quarter No.of Investor complaints disposed of during the quarter No.of Investor complaints unresolved at the end of the quarter
0000
Name of the Signatory :- Hemant P Kanugo
Designation :- Managing Director / Whole Time Director

Technical Scans View Details

Fri, 23 Jul 2021
Stock Outperforming Benchmark Index in both 1 Week and 3 Month Stock Outperforming Benchmark Index in both 1 Week and 3 Month
Stock Outperforming Sectoral Index in both 1 Week and 3 Month Stock Outperforming Sectoral Index in both 1 Week and 3 Month
Strongly Outperforming Benchmark Index Strongly Outperforming Benchmark Index
Decreasing Relative Strength - Benchmark index Decreasing Relative Strength - Benchmark index
Strongly Outperforming Sectoral Index Strongly Outperforming Sectoral Index

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