Prakash Pipes

NSE: PPL · Plastic Products - Industrial

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52W Range₹163 – ₹334

Snapshot

Unlock Prakash Pipes's vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Prakash Pipes Limited is an Indian manufacturer specialising in PVC pipes, fittings, and flexible packaging solutions. The company serves diverse sectors including irrigation, housing, sanitation, and fast-moving consumer goods through its established Prakash brand.

Business Model

The company generates revenue through the manufacturing and sale of uPVC piping systems and flexible packaging materials like barrier films and laminates. It operates as a B2B supplier, catering to infrastructure, agriculture, and consumer product industries.

  • Founded:1981

Growth Outlook

Growth is driven by increasing demand for irrigation and sanitation infrastructure in India, alongside the expanding requirements for flexible packaging in the pharmaceutical and FMCG sectors.

Key Risks

  • Raw Material Price Volatility. Fluctuations in the prices of PVC resin and other petrochemical-based raw materials can significantly impact operating margins.
  • Intense Market Competition. The company faces stiff competition from both organised and unorganised players in the fragmented Indian plastic products market.
  • Regulatory and Environmental Risks. Stricter environmental regulations regarding plastic waste management and manufacturing processes could increase compliance costs.
  • Cyclical Demand. Demand for PVC pipes is closely linked to the cyclical nature of the construction and agricultural sectors in India.

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Key Metrics

REVENUE

₹827 Cr

TTM · standalone

+6.1%YoY

NET PROFIT

₹49 Cr

TTM · standalone

-27.4%YoY

EPS

₹20.65

TTM · standalone

-27.4%YoY

RETURN ON EQUITY

10.7%

TTM · standalone

-4.6 ppYoY

RETURN ON CAPITAL EMPLOYED

14.7%

TTM · standalone

-6.8 ppYoY

P/E

11.8×

Q1 FY27 · standalone

11.8 vs 9.3x5Y avg

EV/EBITDA

7.7x

Q1 FY27 · standalone

7.7 vs 5.6x5Y avg

EBITDA MARGIN

10.2%

TTM · standalone

-4.0 ppYoY

NET PROFIT MARGIN

6.8%

Q1 FY27 · standalone

+1.7 ppYoY

DEBT TO EQUITY

0.0x

Q1 FY27 · standalone

-0.05xYoY

Peers · Plastic Products - Industrial

CompanyMkt CapP/E (TTM)EV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Prakash PipesPPL
₹651 Cr11.8×7.726.1%10.2%10.7%14.7%-20.1%
R M Drip & Sprinklers Systems Ltd.RMDRIP
₹1,011 Cr6.8×19.47—26.4%36.7%40.5%-68.7%
Shish IndustriesSHISHIND
₹549 Cr160.8×44.278.3%9.7%2.4%4.2%+37.0%
Dhabriya Polywood LimitedDHABRIYA
₹535 Cr15.5×10.1813.5%22.0%28.3%34.4%+11.0%
Manika Plastech LimitedMANIKA
₹496 Cr———13.0%———
Captain PolyplasCPL
₹376 Cr13.2×9.5947.0%11.3%16.5%25.1%-2.6%

As of Q1 FY27

Financials