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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
Prakash Steelage Limited is an India-based stainless-steel solutions company. The Company is a manufacturer as well as exporter of stainless steel, welded pipes and tubes. The Company operates through the Manufacturing and Trading of Stainless-Steel Tubes & Pipes segment. The…
Weekly engine runs — movement reflects the numbers, not analyst opinion.
A middling, stagnant business, fully valued.
PRAKASH STEELAGE is scored on the commodity / cyclical framework. It keeps a thin 0.9% of every rupee of sales as net profit. Those profits are backed by real cash — operating cash flow runs 7.87× reported profit. It throws off free cash worth 5.9% of its market value — a strong free-cash yield.
Over the last 3 years revenue compounded at -2%/yr and profit at -41%/yr. Return on equity is a modest 8.1%. In the latest quarter profit grew 300% versus the prior quarter.
At 71× earnings, the stock sits at the 66th percentile of its own 3.6-year range — the middle of where it has historically traded. Today's price already implies ~30%/yr earnings growth sustained for a decade — a demanding bar. The books come through clean — a forensic grade of A, and Altman puts distress risk in the safe zone.
A plain-English restatement of the figures on this page — rules-based, for education and research context, not investment advice or a recommendation.
| Ratio | Company | Sector | Read |
|---|---|---|---|
| P/E | 90 | 21.11 | worse |
| P/B | 1.27 | 2.12 | better |
| EV/EBITDA | 28.78 | 8.94 | worse |
| ROE | 8.06 | 18.05 | worse |
| ROCE | 11.88 | 11.11 | better |
| ROA | -25.38 | 3.13 | worse |
| Quick Ratio | 1.25 | 3.33 | worse |
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| JSW Steel | 10.5 | 2.9 | 11.9% |
| Tata Steel | 20.6 | 2.3 | 10.6% |
| Jindal Steel & Power | 41.5 | 2.3 | 6.2% |
Negative CAGR — the top line has shrunk over this window. Growth is accelerating — latest year outpaced the prior year's rate.
Revenue is outpacing profit (-2% vs -41%) — costs are rising faster than the top line. The latest year saw a -35% swing — check if it's a one-off or structural.
Operating margin has compressed from 3% to 1% — costs or competition are eating into profitability.
ROE at 9% — modest; the capital isn't working hard. Capital efficiency declining — ROE down 6pp.
EPS dropped in the latest year despite possible profit changes — dilution or a profit dip could be at play. -41% EPS CAGR — this is the rate at which each share's claim on earnings is compounding.
1 of 4 years had negative operating cash flow — profitability on paper may not translate to cash. Cash conversion at 7.9× PAT — earnings are well-backed by cash; strong accrual quality. Heavy investing spend every year, but operations generate enough to cover it — the business self-funds its growth.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue fell 33% QoQ — could be seasonality or a genuine slowdown. Wide quarterly swings (33% spread) — likely seasonality, lumpy orders, or project-based revenue. Run-rate fading — recent quarters 16% below earlier ones.
Profit jumped 300% QoQ — check if this is operating leverage or a one-off item.
How today's P/E compares to the stock's own historical range. Dashed line = the 3.6y median.
Promoters at 33.6% — dispersed ownership; institutional flows drive the stock.
Produced by a rules-based engine over licensed exchange fundamentals — every sentence above is derived from the numbers shown, no analyst or AI opinion involved. Education and research context, not investment advice. We are not SEBI-registered as an Investment Adviser or Research Analyst.