Logo
Whalesbook
HomeNewsCorporate NewsPremiumStocks
HomeNewsCorporate NewsPremiumStocks

Prakash Pipes Ltd

₹ 232-0.71%
06 Jan – close price
🔗prakashplastics.in•BSE: 542684•NSE: PPL
Market Cap₹ 556 Cr.
Current Price₹ 232
High / Low₹ 489
Stock P/E10.5
Book Value₹ 191
Dividend Yield1.03 %
ROCE26.8 %
ROE20.5 %
Face Value₹ 10.0
Sales₹ 760 Cr.
OPM11.2 %
Mar Cap₹ 556 Cr.

ABOUT

Incorporated in 2017, Prakash Pipes Ltd is in the business of manufacturing of PVC pipes & fittings and Flexible packaging[1]

KEY POINTS

Business Overview:[1][2]PPL is in the business of manufacturingPVC pipes and fittings. It also specializesin sustainable laminates, composites andbarrier films, to create quality packaging solutions. Currently, the company has~600+Dealers & retailers in PVC pipes & fittings and ~180+customers in flexible packaging

Also present in buckets:
Aggressive Growth TriggersRevenue GuidanceAsset Base ExpansionCapacity Expansion And ProductsJv Partnerships AcquisitionsRed Flags And Poor Performance

Peer Comparision

S.No.NameCurrent Price (Rs.)Price to EarningMarket Capitalization (Rs.Cr.)Dividend yield (%)Net Profit latest quarter (Rs.Cr.)YOY Quarterly profit growth (%)Sales latest quarter (Rs.Cr.)YOY Quarterly sales growth (%)Return on capital employed (%)Sales (Rs.Cr.)OPM (%)Profit after tax (Rs.Cr.)Profit after tax latest quarter (Rs.Cr.)Price to book valueReturn on assets (%)Debt to equity
1.Supreme Inds.3636.9054.4846198.400.93164.74-20.262393.875.3222.0410540.0312.73847.95164.748.0713.450.06
2.Astral1487.2078.4539953.650.25134.8022.551577.4015.1119.716017.0016.00509.30134.8010.5810.520.07
3.Finolex Inds.180.6625.6311209.541.11119.20131.73858.743.668.774074.9411.74437.35119.201.945.500.00
4.Shaily Engineer.2272.2071.4410441.920.0951.25133.80256.6533.6719.52918.7526.99146.1651.2516.4310.850.30
5.Time Technoplast187.3221.979246.780.67117.2317.361511.1110.2617.355720.2414.54420.82115.442.799.250.22
6.Garware Hi Tech3169.1023.537362.580.3891.23-12.50569.69-8.2020.572078.9919.94312.8691.232.9413.230.01
7.Kingfa Science4382.1037.715938.350.0041.1410.41465.6911.3230.551837.5412.53157.4641.144.5914.220.01
8.Prakash Pipes232.4410.48555.961.039.36-61.48180.99-9.6026.83759.8611.1953.079.361.2215.490.03
–Median: 40 Co.168.6823.12362.590.04.0610.4176.668.1216.18295.410.6311.264.062.536.770.29

Quarterly Results

Standalone figures in ₹ crores

Dec 2022Dec 2023Dec 2024Jun 2023Jun 2024Jun 2025Mar 2023Mar 2024Mar 2025Sep 2022Sep 2023Sep 2024Sep 2025
Sales
171.91158.22192.50175.56204.82203.42155.87164.71182.95189.45170.86200.21180.99
Expenses
151.08128.34156.68152.37171.93187.13137.02134.54165.43167.74146.74168.73165.60
Operating Profit
20.8329.8835.8223.1932.8916.2918.8530.1717.5221.7124.1231.4815.39
Other Income
1.404.410.621.185.041.900.404.711.402.155.445.451.15
Profit before tax
17.6630.2131.4821.6633.7813.8616.7530.9114.7219.4726.8232.1912.45
Tax %
23.95%23.40%26.59%14.73%24.81%25.61%-17.97%17.96%30.10%32.56%15.47%24.51%24.82%
Net Profit
13.4323.1423.1118.4725.4010.3119.7625.3610.2913.1322.6724.309.36
EPS in Rs
5.619.679.667.7210.624.318.2610.604.305.499.4810.163.91

Profit & Loss

Standalone Figures in ₹ Crores / Yearly

Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales
0341385476617709669780760
Expenses
0302347418539626562659675
Operating Profit
0393859778310712185
Other Income
05423221695
Interest
002223475
Depreciation
05681112101113
Profit before tax
0383451678911011273
Net Profit
02925364771908353
EPS in Rs
0.0028,550.0012.1214.9719.5729.8137.4834.7422.18
Dividend Payout %
–9%10%8%6%4%5%7%–

Compounded Profit Growth

10 Years:%
5 Years:27%
3 Years:21%
TTM:-46%

Compounded Sales Growth

10 Years:%
5 Years:15%
3 Years:8%
TTM:4%

Return on Equity

10 Years:%
5 Years:22%
3 Years:23%
Last Year:21%

Stock Price CAGR

10 Years:%
5 Years:16%
3 Years:13%
1 Year:-52%

Balance Sheet

Standalone figures in ₹ crores

Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital
0.012020242424242424
Reserves
089112168211255341420434
Borrowings
0052510403913
Other Liabilities
03141485657879590
Total Liabilities
0141179241297346493578561
Fixed Assets
04355771016871127130
Gross Block
0.0082.09100.01130.98165.52165.18177.94245.21–
Accumulated Depreciation
0.0038.8345.3053.6764.4197.61107.35117.77–
CWIP
000045979
Investments
00000042132
Other Assets
097124164191273371431420
Total Assets
0141179241297346493578561

Cash Flows

Standalone Figures in ₹ Crores / Yearly

Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity
0201430514212073
Cash from Investing Activity
0-20-15-33-3616-46-26
Cash from Financing Activity
002180026-10
Net Cash Flow
0101516599938

Ratios

Standalone Figures in ₹ Crores / Yearly

Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days
–34413435394141
Inventory Days
–2437–46344445
Days Payable
–2224–19173429
Cash Conversion Cycle
–36543462555156
Working Capital Days
–48414742401619
ROCE %
–70%29%32%32%29%29%27%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Promoters
44.27%44.27%44.27%44.27%44.27%44.27%44.27%44.41%44.41%44.41%44.41%44.41%
FIIs
0.08%0.08%0.31%0.27%0.26%0.37%0.93%2.00%1.67%1.29%1.00%0.54%
DIIs
0.02%0.02%0.02%0.02%0.02%0.02%0.01%0.01%0.01%0.01%0.01%0.01%
Public
55.62%55.63%55.39%55.43%55.45%55.32%54.80%53.58%53.91%54.29%54.59%55.04%

* The classifications might have changed from Sep'2022 onwards.ℹ️

BSE Announcements AI Summary

Direct from BSE filings, auto-summarised

Prakash Pipes Limited Submits SEBI Compliance Certificate for Share Dematerialization

14th April 2026, 9:00 pm

Prakash Pipes Closes Trading Window from April 1 for Financial Results

25th March 2026, 9:12 pm

V.P. Agarwal Acquires 22,000 Shares in Prakash Pipes Ltd.

24th March 2026, 12:13 am

Prakash Pipes Completes 26% Stake Acquisition in BECIS Solar 3 for Power Project

19th February 2026, 10:23 pm

Prakash Pipes Ltd.: Promoter Group Entity Repays ₹75 Cr Loan, Transaction on Arm's Length Basis

18th February 2026, 10:37 pm

Published by Other Websites

External media mentions & references

Dolly Khanna Swaps Holdings: Bets on Alcohol, Exits PVC Giant

16th January 2026, 6:44 am

Mega Corporate Actions Next Week: Rs 2.5 Dividend, Splits, Rights & More – Key Dates You CANNOT Miss!

20th December 2025, 8:40 am

Unlock Next Week: Stock Splits, Demergers, Dividends & More - Which Stocks Are Moving?

19th December 2025, 5:35 pm

Major Stock Alert: 8 Indian Companies Set for Big Moves Next Week with Dividends, Splits & Buybacks!

19th December 2025, 2:19 pm

Dolly Khanna's Portfolio Stocks Face Pressure: Prakash Pipes, Rajshree Sugars, and GHCL See Declines

26th August 2025, 4:11 pm

News Articles

Editorial & research coverage

Dolly Khanna Swaps Holdings: Bets on Alcohol, Exits PVC Giant
Dolly Khanna Swaps Holdings: Bets on Alcohol, Exits PVC Giant

16th January 2026, 6:44 am

Major Stock Alert: 8 Indian Companies Set for Big Moves Next Week with Dividends, Splits & Buybacks!
Major Stock Alert: 8 Indian Companies Set for Big Moves Next Week with Dividends, Splits & Buybacks!

19th December 2025, 2:19 pm

Documents

Announcements

Closure of Trading Window

29 Dec - Trading window closed Jan 1, 2026 until 48 hours after board meeting for 31 Dec 2025 results.

Announcement under Regulation 30 (LODR)-Acquisition

18 Dec - Board approved 10% interim dividend; acquire 26% of BECIS for Rs1.21Cr; Rs75Cr loan to Prakash Industries.

Fixed Record Date For Distribution Of Interim Dividend
Board Meeting Outcome for Outcome Of Board Meeting

18 Dec - Interim 10% dividend; 26% buy of BECIS for Rs.1.21 Cr; Rs.75 Cr loan to Prakash Industries.

Board Meeting Intimation for Interim Dividend And Other Business Matters

11 Dec - Board meeting on 18 Dec 2025 to consider interim dividend, solar project agreements; trading window closed from 11 Dec.

Annual Reports

Financial Year 2025

(from bse)

Financial Year 2024

(from bse)

Financial Year 2023

(from bse)

Financial Year 2022

(from bse)

Financial Year 2021

(from bse)

Financial Year 2020

(from bse)

Financial Year 2019

(from bse)

Credit Ratings

No credit ratings.

Concalls

Jun 2025

PPT

Jun 2023

PPT

Jun 2021

PPT

Feb 2021

PPT

Aug 2020

PPT

Aug 2020

PPT

Aug 2019

PPT

Stock Analysis

Description

Prakash Pipes Ltd. is in the business of manufacturing PVC pipes and fittings. It also specializes in sustainable laminates, composites, and barrier films for packaging solutions. The company has over 600 dealers and retailers for PVC pipes and fittings and over 180 customers in flexible packaging.

Key Growth Triggers

  1. Anticipates strong demand from infrastructure, housing, and irrigation sectors due to government spending and favourable monsoons.
  2. Pursuing product diversification and exports for the Flexible Packaging division to sustain sales and margins.
  3. Strategic move into renewable energy with plans for a solar power project.

Order Book

Currently no data available for Order Book.

Key Red Flags

  1. Significant profit declines observed in Q1 and Q2 FY26 attributed to subdued PVC prices and margin compression.
  2. Received a warning letter from BSE for non-compliance related to the application submission process.

Key Dates To Watch

  1. Board Meeting on December 18, 2025, to consider interim dividend and solar power project agreements.
  2. Annual General Meeting (AGM) scheduled for September 30, 2025, for FY 2024-25 dividend approval.

Corporate Announcements

14th Apr 26
Impact Rating: 3
Prakash Pipes Limited has officially provided its quarterly update to the stock exchanges, confirming compliance with SEBI regulations regarding the dematerialization of physical share certificates.
25th Mar 26
Impact Rating: 6
Prakash Pipes Limited will close its trading window from April 1, 2026, until 48 hours after its board meeting. The meeting is to consider financial results for the quarter and year ending March 31, 2026.
23rd Mar 26
Impact Rating: 5
Individual investor V.P. Agarwal bought 22,000 equity shares of Prakash Pipes Ltd. on March 23, 2026, via NSE. His stake rose from 19.015% to 19.107%, now holding 4,570,083 shares.
19th Feb 26
Impact Rating: 4
Following a prior intimation, Prakash Pipes Limited has been allotted 3,51,352 equity shares of BECIS Solar 3 Private Limited, representing a 26% stake. The investment of ₹3.58 Lakhs aims to support a solar power project for the company's needs.
18th Feb 26
Impact Rating: 6
Prakash Pipes Limited disclosed that its promoter group entity, Prakash Industries Limited, has repaid a ₹75 crore loan previously extended by the company.