PRAKASHSTL
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Revenue Mix
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Forensics
Recent events
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Prakash Steelage Ltd Says Income Tax Department Issues Tax Demand Of 492.9 Million Rupees
March 24 (Reuters) - Prakash Steelage Ltd PRAA.NS:
PRAKASH STEELAGE LTD - INCOME TAX DEPARTMENT ISSUES TAX DEMAND OF 492.9 MILLION RUPEES
Source text: ID:nBSE5jdsmy
Further company coverage: PRAA.NS
March 24 (Reuters) - Prakash Steelage Ltd PRAA.NS:
PRAKASH STEELAGE LTD - INCOME TAX DEPARTMENT ISSUES TAX DEMAND OF 492.9 MILLION RUPEES
Source text: ID:nBSE5jdsmy
Further company coverage: PRAA.NS
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What does Prakash Steelage do?
Prakash Steelage Limited is a top manufacturer of high-quality Stainless Steel Welded Pipes, Tubes & U-tubes, meeting strict requirements for various manufacturing segments.
Who are the competitors of Prakash Steelage?
Prakash Steelage major competitors are Hisar Metal Inds, Zenith Steel Pipes, Kasturi Metal Compos, Rajasthan Tube Mfg, Mangalam Alloys, Gabion Techno. Ind, Steelco Gujarat. Market Cap of Prakash Steelage is ₹71 Crs. While the median market cap of its peers are ₹67 Crs.
Is Prakash Steelage financially stable compared to its competitors?
Prakash Steelage seems to be financially stable compared to its competitors. The probability of it going bankrupt or facing a financial crunch seem to be lower than its immediate competitors.
Does Prakash Steelage pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Prakash Steelage latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
How has Prakash Steelage allocated its funds?
Companies resources are majorly tied in miscellaneous assets
How strong is Prakash Steelage balance sheet?
Balance sheet of Prakash Steelage is strong. It shouldn't have solvency or liquidity issues.
Is the profitablity of Prakash Steelage improving?
No, profit is decreasing. The profit of Prakash Steelage is ₹1.06 Crs for TTM, ₹1.3 Crs for Mar 2025 and ₹57.89 Crs for Mar 2024.
Is the debt of Prakash Steelage increasing or decreasing?
The net debt of Prakash Steelage is decreasing. Latest net debt of Prakash Steelage is ₹0.27 Crs as of Sep-25. This is less than Mar-25 when it was ₹2.46 Crs.
Is Prakash Steelage stock expensive?
Prakash Steelage is expensive when considering the PE ratio, however latest EV/EBIDTA is < 3 yr avg EV/EBIDTA. Latest PE of Prakash Steelage is 67.09, while 3 year average PE is 15.57. Also latest EV/EBITDA of Prakash Steelage is 33.79 while 3yr average is 63.87.
Has the share price of Prakash Steelage grown faster than its competition?
Prakash Steelage has given lower returns compared to its competitors. Prakash Steelage has grown at ~-26.46% over the last 2yrs while peers have grown at a median rate of -2.02%
Is the promoter bullish about Prakash Steelage?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in Prakash Steelage is 33.56% and last quarter promoter holding is 33.56%.
Are mutual funds buying/selling Prakash Steelage?
There is Insufficient data to gauge this.
