Prakash Industries Ltd
About
Prakash Industries Limited (PIL), established on July 31, 1980, is a leading player in the iron and steel industry. The company was founded by Shri Basudev Agarwal. It is currently spearheaded by Mr. Ved Prakash Agarwal, Chairman & Executive Director. Headquartered in Haryana, PIL is known for manufacturing high-value finished steel products.The company operates an integrated steel plant in Champa, Chhattisgarh, equipped with advanced technology. PIL runs its own captive power generation plant, to meet the energy needs of its steel production and future expansion projects. Additionally, the company owns iron ore mines, securing a steady raw material supply for its sponge iron manufacturing. PIL’s vertically integrated operations have allowed it to prosper as leading player in its industry.
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Financial Data 2024
Financial Data
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 4076 17.7% | 3462 -15.1% | 4078 21.9% | 3346 11.9% | 2989 -25.0% | 3987 35.5% | 2943 34.6% | 2187 6.6% | 2052 -28.2% | 2859 9.2% | 2617 3.7% | 2524 19.4% | 2114 26.2% | 1675 4.9% | 1597 3.6% | 1541 - |
| Net Operating Income (INR Cr) | 3678 6.80% | 3444 -12.34% | 3929 22.17% | 3216 8.15% | 2974 -17.11% | 3588 22.24% | 2935 0.00% | 2174 5.85% | 2053 -27.61% | 2836 9.23% | 2597 3.41% | 2511 19.17% | 2107 26.61% | 1664 6.15% | 1568 2.75% | 1526 21.72% |
| Profit (INR Cr) | 348 82.8% | 190 12.9% | 169 77.0% | 95 -19.3% | 118 -78.1% | 539 39.6% | 386 376.9% | 81 246.5% | 23 150.3% | 9 -94.6% | 173 5.0% | 165 -38.5% | 268 0.4% | 267 0.4% | 266 30.4% | 204 - |
| Assets (INR Cr) | 3435 -4.5% | 3596 5.8% | 3401 -2.8% | 3499 -0.7% | 3523 -0.9% | 3553 -1.0% | 3588 12.6% | 3185 5.6% | 3018 -3.8% | 3136 -2.0% | 3200 5.6% | 3032 3.1% | 2940 22.1% | 2407 44.9% | 1661 26.8% | 1310 - |
| Net Worth (INR Cr) | 3024 2.4% | 2954 5.0% | 2812 -3.0% | 2899 -0.2% | 2904 1.8% | 2854 4.3% | 2736 0.0% | 2221 3.9% | 2137 1.6% | 2105 -0.7% | 2120 7.7% | 1968 8.2% | 1819 16.1% | 1567 23.8% | 1267 45.3% | 872 16.1% |
| Employee Cost (INR Cr) | 242 10.3% | 219 -4.4% | 229 -0.1% | 230 -5.0% | 242 14.0% | 212 8.2% | 196 26.5% | 155 7.7% | 144 -3.5% | 149 21.9% | 122 10.5% | 111 24.0% | 89 14.8% | 78 19.2% | 65 24.4% | 52 - |
| Interest Cost (INR Cr) | 57 | 82 | 73 | 74 | 94 | 102 | 89 | 75 | 69 | 61 | 58 | 55 | 14 | 6 | 25 | 61 |
| Cash & Bank Balance (INR Cr) | 276 | 298 | 211 | 45 | 59 | 44 | 47 | 28 | 20 | 36 | 21 | 25 | 50 | 63 | 102 | 31 |
| Total Debt (INR Cr) | 362 | 599 | 548 | 557 | 572 | 661 | 818 | 935 | 857 | 913 | 953 | 924 | 969 | 677 | 230 | 259 |
Key Financial Ratios
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | 8.5% | 5.5% | 4.1% | 2.9% | 4.0% | 13.5% | 13.1% | 3.7% | 1.1% | 0.3% | 6.6% | 6.5% | 12.7% | 16.0% | 16.7% | 13.3% |
| Profit As % Of Assets | 10.1% | 5.3% | 5.0% | 2.7% | 3.4% | 15.2% | 10.8% | 2.5% | 0.8% | 0.3% | 5.4% | 5.4% | 9.1% | 11.1% | 16.0% | 15.6% |
| Profit As % Of Networth | 11.5% | 6.5% | 6.0% | 3.3% | 4.1% | 18.9% | 14.1% | 3.7% | 1.1% | 0.4% | 8.2% | 8.4% | 14.7% | 17.0% | 21.0% | 23.4% |
| Interest Cost to EBITDA % | 40.3% | 19.9% | 32.9% | 34.9% | 28.8% | 25.6% | 15.3% | 28.5% | 36.6% | 37.8% | 15.4% | 17.0% | 3.8% | 1.7% | 7.7% | 20.8% |
| Debt to Equity Ratio | 0.12 | 0.20 | 0.19 | 0.19 | 0.20 | 0.23 | 0.30 | 0.42 | 0.40 | 0.43 | 0.45 | 0.47 | 0.53 | 0.43 | 0.18 | 0.30 |
| RONW | 10.4% | 6.6% | 5.9% | 3.3% | 4.1% | 19.3% | 14.1% | 3.7% | 1.1% | 9.9% | 8.5% | 8.7% | 15.8% | 18.9% | 24.9% | 25.2% |
| ROCE | 10.4% | 7.8% | 7.0% | 4.8% | 6.0% | 18.3% | 13.3% | 5.3% | 3.1% | 10.4% | 8.7% | 7.8% | 11.5% | 15.0% | 23.1% | 24.1% |