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Prakash Steelage
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Company History
Prakash Steelage Ltd is a leading manufacturer of High Quality Stainless Steel Seamless and Welded Pipes, Tubes & U-tubes. The company manufactures a wide range of products based on the customer specifications. They produce Stainless Steel seamless and welded Pipes, Tubes & U-tubes. They are having their units situated at Silvassa in Dadra and Nagar Haveli and Umbergaon in Gujarat with total installed production capacity of 15,600 MTPA.
The company is an ISO 9001: 2008 and PED certified Company. They are also a 'Govt. Recognized Star Export House' exporting to several MNC's into more than 40 countries across the Globe. The company's pipes and tubes are available in sizes ranging from 1/4' NB to 24' NB Schedule 5, Schedule 10, Schedule 40, Schedule 80 etc., and 6.00 mm to 114.40 mm Outer Diameter with wall thickness from 0.50 mm to 6.00 mm.
The customer base includes a diverse set of industries including Oil & Gas, Power, Pharmaceutical, Petrochemical, Sugar, Dairy, Automobile, Desalination etc. They have developed their marketing network in various cities such as Ahmedabad, Delhi, Hyderabad, Chennai and Mumbai. Their products have found wide acceptance in the markets of North America, South East Asia, Africa, Middle-East and Europe.
Their clients include BGR Energy Systems Ltd, Bharat Heavy Electrical Ltd, KBK Chemie Ltd, Chandan Steel Ltd, Kudos Chemie Ltd, Mojj Engineering Systems Ltd, Praj Industries Ltd, Steelage Overseas Pvt Ltd, Unitech Machine Ltd and Top Honest INC.
Prakash Steelage Ltd, a flagship company of Prakash Group was incorporated in May 9, 1991 as a private limited company with the name Prakash Steelage Private Ltd. Initially, the company started with the trading activities i.e; trading in the stainless steel sheets, coils and plates. In the year 1996, the company started their manufacturing activity by setting up their first plant at Silvassa in the Union Territory of Dadra and Nagar Haveli with a capacity of 4000 MTPA. The unit was set up for producing welded stainless steel and seamless pipes & tubes.
In August 1997, the company was converted into a public limited company and the name was changed to Prakash Steelage Ltd. In the year 2002, the company was awarded the ISO 9001 : 2000 certification for their unit at Silvassa. In the year 2005, the company was recognized as Export house by the Government.
In the year 2007, the company started their second state of the art manufacturing facility at Umbergaon in Gujarat with an installed capacity of 8200 MTPA, considering the huge demand and future business potential. Also, they further expanded the production capacity by 3,400 MTPA, making the total to 15,600 MTPA. In the year 2008, the company was certified as PED (Pressure Equipment Directive), AD - 2000 - Merkbatt W O EIL, Llyods & IBR Approved Company.
In the year 2009, the company was awarded with TUV Certificate for their unit at Silvassa by TUV Rheinland Industrie Service GmbH, Cologne, Germany. Also, the company was awarded with BS OHSAS 18001-2007 by RINA SpA, Genova, Italy and ISO-14001-2004 by RINA SpA, Genova, Italy.
In the year 2010, the company was recognized as Star Export House by Government of India. Also, they received the vendor approval from Kuwait National Petroleum Company (Kuwait). In August 25, 2010, the company shares are listed in the Bombay Stock Exchange Ltd and National Stock Exchange Ltd.
The company plans to foray into Duplex, Super Duplex and Super Austenitic pipes/ tubes. Also, they proposed to expand the production capacity to 19,000 MTPA.
During year 2010-11 the Company went for Initial Public Offering which increased the Share Capital from Rs. 1125 Lacs to Rs. 1750 Lacs and resultantly, the Equity Shares of Company got listed with the National Stock Exchange of India Ltd. (NSE) and Bombay Stock Exchange Ltd. (BSE) on 25 August, 2010.
The Umbergaon Project of the Company was expanded which increased capacity to 19000 MTPA in 2012. The Company incorporated a Wholly Owned Foreign Subsidiary in UAE in the name Pioneer Stainless & Alloy, F.Z.E.' with effect from 10th April, 2013, to carry out the business of trading through import and export of steel and basic steel products. The Company expanded its capacity by setting up another plant at Umbergaon in Gujarat with total capacity of 20,500 MT during the year 2013-14.
During year 2013-14, the Company embarked in expanding business activities by making a Strategic Alliance with M/s. Karagwal Developers Private Limited for developing the idle land located at Taluka Umbergaon in Gujarat. Under the said Strategic Alliance, the Company introduced 'Krishna Industrial Park', to built industrial plots for factories, warehouses, workshops, service stations, etc.
In FY 2014-15, a Joint Venture Agreement was executed between the Company and Tubacex S.A. Spain on February 13, 2015. Accordingly, the Company incorporated Joint Venture (JV) Company 'Tubacex Prakash India Private Limited' as a Wholly Owned Subsidiary, and transferred its 'Seamless Stainless Steel Tubes and Pipes' Business to Tubacex S.A. Spain (JV Company), through the Business Transfer Agreement on 25 July, 2015 executed between the Company and the JV Company. Further to allotment of Equity Shares of JV Company on 27 July, 2015, the holding of Tubacex S.A. Spain was 67.53% and the holding of Company was 32.47% into the JV Company. Subsequently, the JV Company which incorporated as a wholly owned subsidiary of the Company became an Associate Company. The Company had formed strategic alliance with Kargwal Developers Private Limited (Co-promoter Omkar Group) for developing an Industrial Park in the name of 'Krishna Industrial Park' on its idle land located at Palgam, Umbergaon, Gujarat.
Consequent to the Company's disinvestment of its shareholdings in 'Tubacex Prakash India Private Limited', to Tubacex S.A. on 30 March, 2021, 'Tubacex Prakash India Private Limited', ceased to be an Associate Company of the Company.
Prakash Steelage Share Price
Prakash Steelage share price reflects investor sentiment toward the company and is impacted by various factors such as financial performance, market trends, and economic conditions. Share price is an indicator which shows the current value of the company's shares at which buyers or sellers can transact.
Prakash Steelage Market Cap
Market capitalization of Prakash Steelage indicates the total value of its outstanding shares. Marketcap is calculated by multiplying share price and outstanding shares of the company. It is a helpful metric for assessing the company's size and market Valuation. It also helps investors understand how Prakash Steelage is valued compared to its competitors.
Prakash Steelage PE Ratio
Prakash Steelage PE ratio helps investors understand what is the market value of each stock compared to Prakash Steelage 's earnings. A PE ratio higher than the average industry PE could indicate an overvaluation of the stock, whereas a lower PE compared to the average industry PE could indicate an undervaluation.
Prakash Steelage PEG Ratio
The PEG ratio of Prakash Steelage evaluates its PE ratio in relation to its growth rate. A PEG ratio of 1 indicates a fair value, a PEG ratio of less than 1 indicates undervaluation, and a PEG ratio of more than 1 indicates overvaluation.
Prakash Steelage ROE (Return on Equity)
Return on Equity (ROE) measures how effectively Prakash Steelage generates profit from shareholders' equity. A higher ROE of more than 20% indicates better financial performance in terms of profitability.
Prakash Steelage ROCE (Return on Capital Employed)
Return on Capital Employed (ROCE) evaluates the profitability of Prakash Steelage in relation to its capital employed. In simple terms, ROCE provides insight to investors as to how well the company is utilizing the capital deployed. A high ROCE of more than 20% shows that the business is making profitable use of its capital.
Prakash Steelage Total Debt
Total debt of Prakash Steelage shows how much the company owes to either banks or individual creditors. In simple terms, this is the amount the company has to repay. Total debt can be a very useful metric to show the financial health of the company. Total debt more than equity is considered to be a bad sign.
Prakash Steelage Debt to Equity Ratio
The Debt-to-Equity (DE) ratio of Prakash Steelage compares its total debt to shareholders' equity. A higher Debt to Equity ratio could indicate higher financial risk, while a lower ratio suggests that the company is managing its debt efficiently.
Prakash Steelage CAGR (Compound Annual Growth Rate)
CAGR shows the consistent growth rate of Prakash Steelage over a specific period, whether it is over a month, a year, or 10 years. It is a key metric to evaluate the company’s long-term growth potential. Main metrics for which CAGR is calculated are net sales, net profit, operating profit, and stock returns.
Prakash Steelage Technical Analysis
Technical analysis of Prakash Steelage helps investors get an insight into when they can enter or exit the stock. Key components of Prakash Steelage Technical Analysis include:
Support Levels (S1, S2, S3)
There are usually multiple support levels, but the main support levels for a stock are S1, S2, S3. Support levels indicate price points where stock might get support from buyers, helping the stock stop falling and rise.
Resistance Levels (R1, R2, R3)
There are usually multiple resistance levels, but the main resistance levels for a stock are R1, R2, R3. Resistance levels represent price points where Prakash Steelage shares often struggle to rise above due to selling pressure.
Prakash Steelage Dividends
Dividends refer to the portion of the company’s profits distributed to its shareholders. Dividends are typically paid out in cash and reflect Prakash Steelage ’s financial health and profitability.
Prakash Steelage Bonus Shares
Bonus shares are usually given by companies to make the stock more affordable, increase liquidity, boost investor confidence, and more.
Prakash Steelage Stock Split
Stock split increases the number of its outstanding shares by dividing each existing share into multiple shares. When the company offers a stock split, the face value of the stock reduces in the same proportion as the split ratio.
Prakash Steelage Financials
The financials of Prakash Steelage provide a complete view to investors about its net sales, net profit, operating profits, expenses, and overall financial health. Investors can analyze financial data to assess the company’s stability and also understand how the company has been growing financially.
Prakash Steelage Profit and Loss Statements
The profit and loss statement of Prakash Steelage highlights its net sales, net profit, total expenditure, and operating profits in the current financial year. This Profit and Loss statement is crucial for evaluating the profitability and financial stability of Prakash Steelage .
Prakash Steelage Balance Sheet
The balance sheet presents a snapshot of Prakash Steelage ’s assets, liabilities, and equity of shareholders, providing insights into the financials of the company.
Prakash Steelage Cashflow Statements
Cashflow statements track the company's cash inflows and outflows over a period. It is an essential tool for understanding how well the company manages its liquidity and finances.
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SEBI REGISTERED RESEARCH ANALYST REGISTRATION NUMBER: INH000015729Disclaimer: "Investments in securities are subject to market risks. Read all the related documents carefully before investing." Receiving registration from SEBI and certification from NISM does not assure the performance of the intermediary or guarantee returns to investors in any manner. Compliance Email: [email protected]
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