Prakash Pipes Limited (PPL)

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Prakash Pipes Limited (PPL) · mywealthgrid

About

Prakash Pipes Limited manufactures plastic products for industrial applications. With a market cap of ₹655.7 Cr, it operates as a mid-cap supplier in the Industrials sector serving industrial customers.

Face value: ₹10

Market cap

₹582 Cr

P/E

7.0×

P/B

1.3×

Dividend yield

1.4%

ROE

20.5%

ROCE

28.6%

Debt / equity

0.09

OPM

15.1%

EPS (TTM)

₹34.7

Book value

₹185.5

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Operating margin fell from 18.61% (Dec 2024) to 7.54% (Jun 2026)—a 60% decline—while EPS fell from ₹9.66 to ₹6.87. Investigate root causes: input costs, pricing power, product mix, or competitive pressure.
Institutional ownership is minimal (FII 0.86%, DII 0.03%), limiting analyst coverage and institutional capital flows.
Net profit declined despite 19% year-over-year revenue growth, signaling operational headwinds outpaced top-line gains.
Plastic products face environmental and regulatory scrutiny; verify how Indian policy changes could affect demand or cost structure.

Generated analysis · source review pending

Growth drivers

Revenue grew 19% year-over-year from ₹203.42 Cr (Jun 2025) to ₹241.45 Cr (Jun 2026).
ROE of 20.55% indicates capital efficiency and reinvestment capacity.
Debt-to-equity of 0.09 provides capacity for growth capex or strategic initiatives.
Industrial plastic applications scale with India's manufacturing and infrastructure capex—verify what fraction of PPL's sales comes from these segments.

Generated analysis · source review pending

1,800 historical price candles were omitted because the exchange source has not been verified.

₹243.6-3.2%1Y

Quick read

rule-based

Pros

+Strong return on equity of 25.4% (3-yr avg)
+High return on capital employed of 32.8%
+Profit CAGR of 21.1% over the last 3 years
+Almost debt-free (debt/equity 0.1)
+Comfortable interest coverage of 17×

Cons

−Modest revenue growth of 8.2% a year over the last 3 years
−Low dividend payout of 9.8% of profit

Research score

Structured signal from quality, growth, valuation and momentum.

75/100

Business quality: 74
Growth: 51

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Supreme Industries LimitedSUPREMEINDSUPREMEIND	₹42,926 Cr	₹42,926 Cr	₹11,326 Cr	₹1,632 Cr	13.9%	₹1,032 Cr	8.5%	19.1%	16.1%	44
Garware Hi-Tech Films LimitedGRWRHITECHGRWRHITECH	₹16,067 Cr	₹16,067 Cr	₹2,258 Cr	₹497 Cr	20.5%	₹388 Cr	16%	17.6%	13.5%	89
Finolex Industries LimitedFINPIPEFINPIPE	₹9,338 Cr	₹9,775 Cr	₹3,954 Cr	₹692 Cr	16.5%	₹615 Cr	14.6%	12.2%	9.7%	133
Kingfa Science & Technology (India) LimitedKINGFAKINGFA	₹8,958 Cr	₹8,958 Cr	₹2,222 Cr	₹314 Cr	13.1%	₹226 Cr	9.3%	23.6%	17.4%	100
Time Technoplast LimitedTIMETECHNOTIMETECHNO	₹8,869 Cr	₹9,508 Cr	₹6,445 Cr	₹922 Cr	14.6%	₹490 Cr	7.8%	18.2%	13.4%	161
Prince Pipes And Fittings LimitedPRINCEPIPEPRINCEPIPE	₹2,731 Cr	₹2,871 Cr	₹2,627 Cr	₹270 Cr	8.9%	₹102 Cr	2.8%	6.4%	4.5%	71
Apollo Pipes LimitedAPOLLOPIPEAPOLLOPIPE	₹2,255 Cr	₹2,379 Cr	₹1,125 Cr	₹49 Cr	6%	₹-15 Cr	0.4%	2.1%	0.6%	58
Jain Irrigation Systems LimitedJISLJALEQSJISLJALEQS	₹1,951 Cr	₹6,013 Cr	₹6,362 Cr	₹765 Cr	12.5%	₹-53 Cr	-0.6%	7.3%	-0.4%	230
Jai Corp LimitedJAICORPLTDJAICORPLTD	₹1,571 Cr	₹1,571 Cr	₹541 Cr	₹70 Cr	10.6%	₹93 Cr	32.9%	13.1%	11.7%	269
Premier Polyfilm LimitedPREMIERPOLPREMIERPOL	₹949 Cr	₹949 Cr	₹365 Cr	₹50 Cr	13.6%	₹35 Cr	9.4%	31.2%	24.1%	102
R M Drip And Sprinklers Systems LimitedRMDRIPRMDRIP	₹587 Cr	₹640 Cr	₹207 Cr	₹53 Cr	26.6%	₹35 Cr	17.7%	33.6%	31.5%	268
Prakash Pipes LimitedPPLPPL	₹582 Cr	₹621 Cr	₹780 Cr	₹118 Cr	15.1%	₹83 Cr	10.7%	28.6%	20.5%	—

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	476	617	709	669	780
Operating expenses	—	—	—	—	—
Operating profit (EBITDA)	58	77	83	107	118
OPM %	12.3%	12.6%	11.7%	16%	15.1%
Depreciation	8	11	12	10	11
Interest	1	2	3	4	7
	2	3	22	16	13
Profit before tax	51	67	89	110	112
Tax	—	—	—	—	—
	36	47	71	90	83
PAT margin %	7.5%	7.6%	10.1%	13.4%	10.7%
EPS (₹)	—	—	—	—	—
EPS adjusted (₹)	15	19.6	29.8	37.5	34.7
Annual report	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity capital	24	24	24	24	24
Reserves	168	211	255	341	420
Borrowings	1	5	10	40	39
Other liabilities	48	56	57	87	95
Total equity & liabilities	241	297	346	493	578
Fixed assets	77	101	68	71	127
CWIP	—	—	—	—	—
Investments	—	—	—	—	—
Other assets	—	—	—	—	—
Total assets	241	297	346	493	578

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from operations	30	51	42	120	73
Cash from investing	-33	-36	16	-46	-26
Cash from financing	18	0	1	26	-10
Net cash flow	15	16	59	99	38
Free cash flow	—	—	—	—	—
CFO / Operating profit %	51.2%	66.2%	51.1%	111.4%	62.3%

Compounded sales growth

7 years: —
5 years: —
3 years: 8%
1 year: 17%

Compounded profit growth

7 years: —
5 years: —
3 years: 21%
1 year: -7%

Return on equity

7 years: —
5 years: 22%
3 years: 23%
Last year: 19%

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Margins
Gross margin %	—	—	—	—	—
EBITDA margin %	12.3%	12.6%	11.7%	16%	15.1%
EBIT margin %	10.5%	10.8%	10%	14.6%	13.7%
PAT margin %	7.5%	7.6%	10.1%	13.4%	10.7%
Working capital
Receivable days	—	—	—	—	—
Inventory days	—	—	—	—	—
Payable days	—	—	—	—	—
NWC days	—	—	—	—	—
Leverage
Current ratio	3.01	3.06	4.15	3.51	3.57
Debt to EBITDA	0.03	0.07	0.12	0.37	0.33
Debt to equity	0.01	0.02	0.03	0.11	0.09
Interest coverage	35.6	28.7	29.8	30.2	17
Asset turnover	1.97	2.08	2.05	1.36	1.35
Return ratios
Return on assets %	14.8%	15.8%	20.6%	18.2%	14.4%
Return on capital employed %	26.8%	32%	35.5%	34.3%	28.6%
Return on equity %	18.7%	19.9%	25.6%	24.5%	18.7%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	44.27%	44.27%	44.27%	44.27%	44.41%	44.41%	44.41%	44.41%	44.41%	44.41%	44.5%	44.5%
	0.27%	0.26%	0.37%	0.93%	2%	1.67%	1.29%	1%	0.54%	0.45%	0.43%	0.86%
	0.03%	0.03%	0.03%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.03%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	55.43%	55.44%	55.33%	54.79%	53.58%	53.91%	54.29%	54.58%	55.04%	55.13%	55.06%	54.61%
No. of shareholders	—	—	—	—	—	—	—	—	82,997	82,050	84,720	81,998

Promoter holding up 0.23 percentage points since Sep 2023.

33 deals · 11 Apr 2022 – 29 Jun 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
29 Jun 2026	NK SECURITIES RESEARCH PRIVATE LIMITED	Bulk	NSE	Sell	2,04,063	₹298.03	₹6.08 Cr
29 Jun 2026	NK SECURITIES RESEARCH PRIVATE LIMITED	Bulk	NSE	Buy	2,04,063	₹297.87	₹6.08 Cr
29 Jun 2026	QE SECURITIES LLP	Bulk	NSE	Sell	1,22,013	₹296.29	₹3.62 Cr
29 Jun 2026	QE SECURITIES LLP	Bulk	NSE	Buy	1,16,902	₹294.25	₹3.44 Cr
16 Aug 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	1,35,133	₹559.22	₹7.56 Cr
16 Aug 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	1,35,133	₹558.75	₹7.55 Cr
14 Aug 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	1,65,071	₹538.60	₹8.89 Cr
14 Aug 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	1,65,071	₹538.84	₹8.89 Cr
5 Jul 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	1,37,517	₹503.44	₹6.92 Cr
5 Jul 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	1,37,517	₹503.42	₹6.92 Cr

1–10 of 33

1 / 4

Mr. VED PRAKASH AGARWALNon-Executive - Non Independent Director-Chairperson related to Promoter
Mr. VIKRAM AGARWALNon-Executive - Non Independent Director
Mr. KANHA AGARWALExecutive Director-CEO-MD
Mrs. PRAVEEN GUPTANon-Executive - Independent Director
Mr. SATISH CHANDER GOSAINNon-Executive - Independent Director
Mrs. PURNIMA GUPTANon-Executive - Independent Director
Mr. Jagdish ChandraCompliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Prakash Pipes Limited. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Annual reports

Documents link to external sources (exchange filings, company investor pages).

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Events

Upcoming dates and the company’s corporate-action history.

9

Final dividend16 Sept 2026 · ex-date₹2.4
Interim dividend24 Dec 2025 · ex-date₹1
Final dividend16 Sept 2025 · ex-date₹2.4
Final dividend17 Sept 2024 · ex-date₹1.8
Final dividend18 Sept 2023 · ex-date₹1.2
Final dividend13 Sept 2022 · ex-date₹1.2
Final dividend14 Sept 2021 · ex-date₹1.2
Dividend dividend15 Sept 2020 · ex-date₹1.2
Dividend dividend20 Sept 2019 · ex-date₹1.2

1

Board meeting to consider results14 Aug 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

15 announcementsExport CSV

1 Oct 2026, 5:29 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Scrutinizer''s Report

AGM PDF

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Ratio	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Margins
Gross margin %	—	—	—	—	—
EBITDA margin %	12.3%	12.6%	11.7%	16%	15.1%
EBIT margin %	10.5%	10.8%	10%	14.6%	13.7%
PAT margin %	7.5%	7.6%	10.1%	13.4%	10.7%
Working capital
Receivable days	—	—	—	—	—
Inventory days	—	—	—	—	—
Payable days	—	—	—	—	—
NWC days	—	—	—	—	—
Leverage
Current ratio	3.01	3.06	4.15	3.51	3.57
Debt to EBITDA	0.03	0.07	0.12	0.37	0.33
Debt to equity	0.01	0.02	0.03	0.11	0.09
Interest coverage	35.6	28.7	29.8	30.2	17
Asset turnover	1.97	2.08	2.05	1.36	1.35
Return ratios
Return on assets %	14.8%	15.8%	20.6%	18.2%	14.4%
Return on capital employed %	26.8%	32%	35.5%	34.3%	28.6%
Return on equity %	18.7%	19.9%	25.6%	24.5%	18.7%

Date	Category	Subject	Filing
1 Oct 2026, 5:29 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Scrutinizer''s Report	PDF
30 Sept 2026, 8:01 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Outcome of AGM	PDF
28 Sept 2026, 2:36 pm	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF
9 Sept 2026, 2:11 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF
7 Sept 2026, 6:47 pm	Others Reg. 34 (1) Annual Report	Reg. 34 (1) Annual Report.	PDF
7 Sept 2026, 6:32 pm	Corp. Action Record Date	Intimation Of Record Date For The Purpose Of Final Dividend	PDF
7 Sept 2026, 6:24 pm	AGM/EGM AGM	Intimation Of 9Th Annual General Meeting To Be Held On 30.09.2026	PDF
15 Aug 2026, 1:56 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF

Prakash Pipes Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Events

Dividends9

Board meetings1

Announcements

Dividends9

Board meetings1

Ratio timeline

Not in the F&O segment

No fund holdings on record

Announcements

Annual reports

Quarterly record

Bulk & block deals

Board and management

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

9

1

9

1