Prakash Pipes Ltd

PPL

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Market Cap

₹ 602 Cr

P/E

11.34

Turned 1 L into 2.57 L in last 5 Years

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Performance

STEADY PERFORMER

Valuation

REASONABLE

Growth

STABLE

Profitability

MODERATE MARGIN

Technicals

Bearish

Risk

MODERATE RISK

Investment Checklist

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Price

PE Ratio

Price

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Overview

Detailed Summary

Prakash Pipes is a leading Indian manufacturer of PVC pipes and fittings, established by Mr. Ved Prakash Agarwal in 1981. The company now also produces flexible packaging materials.

Prakash Pipes expanded its product offerings significantly from PVC pipes to flexible packaging, addressing the needs of various sectors including food, pharmaceuticals, and FMCG brands.

Having a strong market presence in North India, Prakash Pipes leverages over 600 dealers and retailers, ensuring a solid distribution network and high market share in its segment.

It is forward-looking with clear strategies such as backward integration in flexible packaging and capacity expansion, reflecting robust growth and innovation.

The company maintains high standards with certifications like BRCGS, ISO 22000:2018, and ISO 9001:2015, ensuring quality and safety in its manufacturing processes.

Sector

Plastic products

Industry

Plastics - Pipes

Market Cap

602 Cr

Volatility

High Risk

P/E Ratio

11.3

Industry P/E

47.9

PEG Ratio

0.5

P/B Ratio

1.3

52W High

567.50

52W Low

216.55

Sales CAGR

16.60%

8.16%

15.17%

10Y

—

Profit CAGR

-7.30%

21.09%

27.41%

10Y

—

ROE

TTM

11.60%

22.44%

21.57%

10Y

—

ROCE

TTM

16.39%

29.10%

28.81%

10Y

—

Technicals

Oscillators

BearishNeutralBullish

Neutral

Bearish

Neutral

Bullish

Overall

BearishNeutralBullish

Bearish

Neutral

Bullish

Moving Averages

BearishNeutralBullish

Bearish

Neutral

Bullish

Overall

BearishNeutralBullish

Bearish

Neutral

Bullish

Forecasts

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
POLYSIL	305.80	702 Cr	—	16.60	0.00	-3.24	0.58	-1.72
PPL	252.65	602 Cr	11.34	1.32	0.95	11.60	16.39	9.47
KISAN	27.01	331 Cr	900.33	2.19	0.00	0.19	1.30	0.13
CAPPIPES	11.83	187 Cr	20.59	3.98	0.00	19.50	15.11	10.23
REXPIPES	153.50	144 Cr	27.79	3.93	0.00	14.23	14.41	6.62
VIGOR	80.00	83 Cr	16.07	2.51	0.00	29.37	38.86	10.85
MALPANI	75.00	80 Cr	9.95	1.72	0.00	17.40	19.17	8.03

Financial Statements

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Standalone Quarterly Results (in ₹ Crores)

Total Figures

QoQ Changes

Total Figures

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Sales	176	171	158	165	205	200	193	183	203	181
Expenses	152	147	128	135	172	169	157	165	187	166
Operating Profit	23	24	30	30	33	31	36	18	16	15
OPM %	13.21	14.12	18.89	18.32	16.06	15.72	18.61	9.58	8.01	8.50
Other Income	1.18	5.44	4.41	4.71	5.04	5.45	0.62	1.40	1.90	1.15
Interest	0.36	0.32	1.62	1.45	1.71	2.05	1.99	1.24	0.88	0.44
Depreciation	2.35	2.42	2.46	2.52	2.44	2.69	2.97	2.96	3.45	3.65
Profit Before Tax	22	27	30	31	34	32	31	15	14	12
Tax %	14.73	15.47	23.40	17.96	24.81	24.51	26.59	30.10	25.61	24.82
Net Profit	18	23	23	25	25	24	23	10	10	9.36
EPS in Rs	7.72	9.48	9.67	10.61	10.62	10.16	9.66	4.30	4.31	3.91

Standalone Profit Loss (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	—	341	385	476	617	709	669	780	779
Expenses	0.00	302	347	418	539	626	562	663	678
Operating Profit	0.00	39	38	58	77	83	107	118	101
OPM %	—	11.32	9.96	12.28	12.55	11.73	16.04	15.08	12.98
Other Income	0.00	4.59	4.07	2.15	3.08	22	16	13	9.37
Interest	—	0.20	1.65	1.47	2.42	3.11	3.75	6.99	6.16
Depreciation	—	4.72	6.49	8.37	11	12	9.75	11	12
Profit Before Tax	—	38	34	51	67	89	110	112	92
Tax %	—	25.40	27.84	29.51	30.28	20.33	18.21	25.92	26.28
Net Profit	—	29	25	36	47	71	90	83	68
EPS in Rs	—	13.36	9.89	14.65	18.88	30.00	37.48	34.74	22.18
Dividend Payout %	—	8.98	10.37	7.31	6.36	4.03	4.80	6.91	—

Standalone Balance Sheet (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	0.01	20	20	24	24	24	24	24
Reserves	0.00	89	112	168	211	255	341	420
Borrowings	0.00	0.13	5.05	1.56	5.17	9.58	40	39
Other Liabilities	0.00	31	41	48	56	57	87	95
Total Liabilities	0.01	141	179	241	297	346	493	578
Fixed Assets	0.00	43	55	77	101	68	71	127
CWIP	0.00	0.38	0.08	0.30	4.08	4.77	9.19	6.55
Investments	0.00	0.00	0.00	0.00	0.00	0.00	42	13
Other Assets	0.01	97	124	164	191	273	371	431
Total Assets	0.01	141	179	241	297	346	493	578

Standalone Cash Flows (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	0.00	20	14	30	51	42	120	73
Cash from Investing Activity	0.00	-20	-15	-33	-36	16	-46	-26
Cash from Financing Activity	0.01	0.08	1.63	18	0.45	0.50	26	-9.65
Net Cash Flow	0.01	0.70	0.26	15	16	59	99	38

Shareholdings

Shareholding History

Quarterly

Yearly

Quarterly

	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 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%	1.28%	1.00%	0.54%
DIIs	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
Public	55.62%	55.62%	55.39%	55.44%	55.44%	55.34%	54.80%	53.59%	53.92%	54.30%	54.58%	55.05%
Total Shareholders	78,617	76,440	73,970	77,493	80,014	81,854	79,849	81,132	86,610	87,151	87,284	82,997

Market Transactions

Date	Party	Category	Type	Avg Price (₹)	Total Value (₹)	Quantity	Percent Traded
Oct 26, 2023	Aruna r jain	Bulk	Sell	349.14	4.41 Cr	1,26,344	0.52
Oct 13, 2023	Aruna r jain	Bulk	Buy	308.80	4.38 Cr	1,41,843	0.59
Aug 04, 2023	Qe securities	Bulk	Sell	238.71	3.06 Cr	1,28,211	0.53
Aug 04, 2023	Qe securities	Bulk	Buy	238.75	3.04 Cr	1,27,423	0.53
Aug 03, 2023	Nk securities research privat...	Bulk	Sell	220.69	2.86 Cr	1,29,659	0.54
Aug 03, 2023	Nk securities research privat...	Bulk	Buy	220.51	2.86 Cr	1,29,531	0.54

Projection

Actions

Action Type

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Announcements

Last 7 days

Newest

Sentiment

Board Meeting Outcome

4 days ago

Board Meeting for Interim Dividend and New Projects

Prakash Pipes Ltd has announced a board meeting scheduled for December 18, 2025, to approve an interim dividend and discuss a solar power project along with related party transactions.

Documents

Presentations

Concalls

Reports

Presentations

Investor Presentation

Q4 FY25

Investor Presentation

Q4 FY23

Investor Presentation

Q4 FY21

Investor Presentation

Q3 FY21

Investor Presentation

Q1 FY21

Investor Presentation

Q1 FY21

Investor Presentation

Q1 FY20

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Overview

Detailed Summary

Prakash Pipes is a leading Indian manufacturer of PVC pipes and fittings, established by Mr. Ved Prakash Agarwal in 1981. The company now also produces flexible packaging materials.

Prakash Pipes expanded its product offerings significantly from PVC pipes to flexible packaging, addressing the needs of various sectors including food, pharmaceuticals, and FMCG brands.

Having a strong market presence in North India, Prakash Pipes leverages over 600 dealers and retailers, ensuring a solid distribution network and high market share in its segment.

It is forward-looking with clear strategies such as backward integration in flexible packaging and capacity expansion, reflecting robust growth and innovation.

The company maintains high standards with certifications like BRCGS, ISO 22000:2018, and ISO 9001:2015, ensuring quality and safety in its manufacturing processes.

Sector

Plastic products

Industry

Plastics - Pipes

Market Cap

602 Cr

Volatility

High Risk

P/E Ratio

11.3

Industry P/E

47.9

PEG Ratio

0.5

P/B Ratio

1.3

52W High

567.50

52W Low

216.55

Sales CAGR

16.60%

8.16%

15.17%

10Y

—

Profit CAGR

-7.30%

21.09%

27.41%

10Y

—

ROE

TTM

11.60%

22.44%

21.57%

10Y

—

ROCE

TTM

16.39%

29.10%

28.81%

10Y

—