PPL
Prakash Pipes financials
- Market cap
- ₹682 Cr
- Sector
- Capital Goods
Quarterly results
Q1 FY27: revenue up 18.7%, net profit up 60.0% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 200 | 192 | 183 | 203 | 181 −9% | 181 −6% | 223 +22% | 241 +19% |
| EBITDA | 31 | 36 | 18 | 16 | 15 −52% | 18 −50% | 17 −6% | 18 +13% |
| Net profit | 24 | 23 | 10 | 10 | 9 −62% | 10 −57% | 13 +30% | 16 +60% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −13.0% 1Y
1Y: ₹328.4 on 10 Sept 2025 → ₹285.55. High ₹328.4 (10 Sept 2025), low ₹164.15 (30 Mar 2026).
Financials, as filed
Revenue grew 3.6% a year over 3 years, FY23 to FY26. Operating margin narrowed to 8.4%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹709 Cr | ₹670 Cr | ₹780 Cr | ₹788 Cr |
| Operating profit | ₹84 Cr | ₹107 Cr | ₹118 Cr | ₹66 Cr |
| Operating margin | 11.8% | 16.0% | 15.1% | 8.4% |
| Interest | ₹3 Cr | ₹3 Cr | ₹7 Cr | ₹3 Cr |
| Depreciation | ₹11 Cr | ₹9 Cr | ₹11 Cr | ₹15 Cr |
| Net profit | ₹71 Cr | ₹89 Cr | ₹82 Cr | ₹42 Cr |
| Net margin | 10.0% | 13.3% | 10.5% | 5.3% |
| Cash from operations | ₹42 Cr | ₹120 Cr | ₹73 Cr | ₹20 Cr |
| Free cash flow | ₹54 Cr | ₹100 Cr | ₹15 Cr | ₹-4 Cr |
| ROCE | 29.0% | 29.0% | 27.0% | 12.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹24 Cr | ₹24 Cr | ₹24 Cr | ₹24 Cr | ₹24 Cr | ₹24 Cr |
| Reserves | ₹168 Cr | ₹211 Cr | ₹255 Cr | ₹341 Cr | ₹434 Cr | ₹455 Cr |
| Borrowings | ₹2 Cr | ₹5 Cr | ₹10 Cr | ₹40 Cr | ₹13 Cr | ₹19 Cr |
| Other liabilities | ₹48 Cr | ₹56 Cr | ₹57 Cr | ₹87 Cr | ₹90 Cr | ₹106 Cr |
| Total liabilities | ₹241 Cr | ₹297 Cr | ₹346 Cr | ₹493 Cr | ₹561 Cr | ₹604 Cr |
| Fixed assets | ₹77 Cr | ₹101 Cr | ₹68 Cr | ₹71 Cr | ₹130 Cr | ₹136 Cr |
| Capital work in progress | ₹0 Cr | ₹4 Cr | ₹5 Cr | ₹9 Cr | ₹9 Cr | ₹18 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹42 Cr | ₹2 Cr | ₹0 Cr |
| Other assets | ₹164 Cr | ₹191 Cr | ₹273 Cr | ₹371 Cr | ₹420 Cr | ₹450 Cr |
| Total assets | ₹241 Cr | ₹297 Cr | ₹346 Cr | ₹493 Cr | ₹561 Cr | ₹604 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, FIIs trimmed −0.14 pp. The shareholder count shrank 6% to 81,998.
- Promoters
- 44.5%
- FIIs
- 0.9%
- DIIs
- 0.0%
- Public
- 54.6%
Since Jun 2025
- FIIs −0.14 pp
- Promoters +0.09 pp
- Public +0.03 pp
How it drifted, 12 quarters
Ownership split by quarter, oldest first. Sep '23: Promoters 44.3%, FIIs 0.3%, DIIs 0.0%, Public 55.4%.Dec '23: Promoters 44.3%, FIIs 0.3%, DIIs 0.0%, Public 55.5%.Mar '24: Promoters 44.3%, FIIs 0.4%, DIIs 0.0%, Public 55.3%.Jun '24: Promoters 44.3%, FIIs 0.9%, DIIs 0.0%, Public 54.8%.Sep '24: Promoters 44.4%, FIIs 2.0%, DIIs 0.0%, Public 53.6%.Dec '24: Promoters 44.4%, FIIs 1.7%, DIIs 0.0%, Public 53.9%.Mar '25: Promoters 44.4%, FIIs 1.3%, DIIs 0.0%, Public 54.3%.Jun '25: Promoters 44.4%, FIIs 1.0%, DIIs 0.0%, Public 54.6%.Sep '25: Promoters 44.4%, FIIs 0.5%, DIIs 0.0%, Public 55.0%.Dec '25: Promoters 44.4%, FIIs 0.5%, DIIs 0.0%, Public 55.1%.Mar '26: Promoters 44.5%, FIIs 0.4%, DIIs 0.0%, Public 55.1%.Jun '26: Promoters 44.5%, FIIs 0.9%, DIIs 0.0%, Public 54.6%.
Who is on the register
Named in the Jun 2026 filing
Every holder of Prakash Pipes Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Ved Prakash Agarwal | 19.11% | unchanged |
| Gmk Builders Pvt Ltd | 4.27% | unchanged |
| Welter Securities Limited | 2.62% | unchanged |
| Mukul Mahavir Agrawal | 2.36% | unchanged |
| Prime Mercantile Pvt Ltd | 1.93% | unchanged |
| Hi Tech Mercantile (India) Pvt Ltd | 1.29% | unchanged |
| Nilkanth Fincon Private Limited | 1.25% | unchanged |
| Shree Labh Lakshmi Capital Services Pvt Ltd | 1.21% | unchanged |
| Ved Prakash Agarwal (Huf) | 1.15% | unchanged |
| Ambrosia Commerce Pvt Ltd | 1.01% | unchanged |
| Evershine Mercantile Llp | 1.00% | unchanged |
| Dhruv Commerce Llp | 0.93% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
What the price assumes
- Growth the price implies
- A decline
- for 7 years, fading to 4%
- It has actually compounded at
- Not enough history
- The gap
- —
- between what it did and what it must do
Learn to analyse Prakash Pipes Limited
Guides on how to read this kind of business and the numbers that matter.