Prashant India Ltd
PRAS

Prashant India Ltd (519014)

₹11.88--

Key Stats

₹11.88
Day's Price Range
₹11.88
₹1.06
52-Week Price Range
₹12
3 Month Return230 %

Company Financials

  • Annual
Value in ₹ crore

Peer Comparsion

PE
Rank 113
EPS
Rank 114
BVPS
Rank 140
Dividend Yield
Rank 42
ROE
Rank 151
1.75%
Price To Book Ratio
Rank 94
Debt To Asset
Rank 140

Company Information

Formerly known as Prashant Proteins Prashant India PIL was promoted by P M Gondalia as a private limited company in Nov.83 and converted into a public limited in Sep.85. In Mar.84 PIL took over a sick and shutdown unit from Ulhas Oil and Chemical Industries located at Bhavnagar and turned it around in the first year of operations. To finance the expansionandmodernisation scheme PIL came out with a public issue in Nov.85. Between 1986 and 1988 when Gujarat was in the grip of a severe drought the company not only survived but even managed to perform well. In Dec.93 the company came out with a rights offer to finance its additional working capital requirements and to expand its infrastructure facilities for the international merchandise division. In 199495 the name of the company was changed to Prashant India. The company has successfully completed the project to manufacture polyester fabrics and polyester texturised sized and twisted yarn at Palsana Surat as a part of its diversification and backward integration project.The company has already commissioned and made operational five wind generators each having a capacity of 200 KW. It plans to undertake a wind farm project of 2 MW phasewise for captive consumption. In 199495 the company exported goods to the tune of Rs 31.12 cr. Being the secondlargest exporter of rapeseed deoiled cakes from India it received the Export Award from the Solvent Extractors Association of India for 199495.Company Wind Power Division continued to be far below the projection due to poor wind volocity pronounced by GEDA the Govt. Agency. Company has taking several strategic decision to increase the value added product which in turn will improve the operating margins in a competitive environment. Company has approched to BIFR for suitable action under the Sick Industrial Companies is under process.Due to reduction in price and shut down of Agro Division during the year 19992000 has resulted in decrease in its turnover.
OrganisationPrashant India Ltd
HeadquartersSurat
IndustryTextiles