Prakash Industries Ltd
Prakash Industries Ltd (PRAKASH)

Prakash Industries Ltd (PRAKASH)

₹52.80.85%

Key Stats

₹52.15
Day's Price Range
₹53.6
₹45.1
52-Week Price Range
₹87.5
1 Month Return2.94 %
3 Month Return-17.76 %
1 Year Return-30.76 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

PE
Rank 264
EPS
Rank 264
BVPS
Rank 81
₹148.48
Dividend Yield
Rank 133
ROE
Rank 256
3.29%
Price To Book Ratio
0.35
Debt To Asset
Rank 242
0.32

Company Information

Prakash Industries PIL was incorporated on 31 Jul.80 as Prakash Pipes and Industries. The company was previously known as PIL Ltd and after that the name was changed to Prakash Industries Ltd.PIL came out with a public issue in Nov.91 to partfinance the sponge iron project being set up at Champa Madhya Pradesh with an installed capacity of 1.5 lac tpa. The company manufactures PVC pipes BW TV picture tubes and video tapes and cassettes. PIL has technical collaboration with Lurgi Germany for the sponge iron project. The plants are located in Uttar Pradesh Madhya Pradesh two Punjab and Orissa. In 199495 the company doubled the capacity of the sponge iron plant from 1.50 lac tpa to 3.30 lac tpa and also undertook a forward integration project to set up a stainless steel plant in Gujarat together with a rolling mill and a worsted woollen yarn EOU at Silvassa. The company also took up the expansion of the ironore mining and crushing capacity. It came out with a rights issue in Jan.96 to partfinance the above expansioncumdiversification project. The company successfully commissioned the stainless steel project at Bharuch in 199596 and has also completed all other expansion and diversification projects. The video tape division bagged the Elcina certificate of merit for excellent export performance for 199293. PIL is also implementing a 10MW windfarm project in Tamil Nadu. The company which was referred to BIFR for rehabilitation packageIFCI has conducted the study and submitted the proposal of rehabilitation package and the company is awaiting for the approval.
OrganisationPrakash Industries Ltd
HeadquartersHissar
IndustrySteel