Prakash Industries Share Price is an India-based company, which is engaged in the business of manufacturing and selling of steel and power. The Company operates through two segments: Steel and Power. The Company’s steel products include ingots, billets, wire rods, TMT bars, rounds, merchant products and ferro alloys. The Company’s power products include power generation through thermal power plants. The Company has a manufacturing capacity of over three million metric tons per annum (MMTPA) of steel products and over one thousand megawatt (MW) of power generation capacity.
The Company has manufacturing facilities located at Raipur in Chhattisgarh, Bilaspur in Himachal Pradesh, Bhillai in Chhattisgarh and Raigarh in Chhattisgarh. The Company’s subsidiaries include Prakash Ferro Alloys Limited and Prakash Power Ventures Limited.
On March 13, 2020, Prakash Industries Ltd said that its board has approved a share buyback proposal worth up to Rs 500 crore. The buyback price has been fixed at Rs 145 per equity share. Prakash Industries Ltd’s share price has been on an uptrend over the last one month. The stock hit an intraday high of Rs 123.9 on March 13, 2020. As per the latest shareholding pattern available on the BSE, Promoter and Promoter Group hold 60.16% stake in the company.
On the financial front, Prakash Industries reported a consolidated net profit of Rs 178.72 crore in the quarter ended September 2019, up 119.4% from Rs 81.47 crore reported in the corresponding quarter last year. Total income from operations during the quarter rose to Rs 2,678.9 crore, up 12.8% from Rs 2,373.6 crore reported in the year-ago period. For the half-year ended September 2019, Prakash Industries reported a consolidated net profit of Rs 329.6 crore, up 155.9% from Rs 128.5 crore reported in the corresponding period last year. Total income from operations during the half-year period rose to Rs 5,
Prakash Industries LTD Share Price
Prakash Industries LTD Share Price is an Indian company. The company is engaged in the business of manufacturing and selling of steel and aluminum products. The company has its registered office in Kolkata, West Bengal. The company is a public company. The company was incorporated in the year 1979. The company is promoted by Prakash P. Gupta. The company went public in the year 1995. The company is listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
The company has its manufacturing plants in the states of West Bengal, Orissa, Jharkhand, and Chhattisgarh. The company has a customer base in the states of Bihar, Jharkhand, Uttar Pradesh, Madhya Pradesh, Maharashtra, and Odisha. The company is a leading manufacturer of steel pipes in India. The company has a market share of around 15% in the steel pipes market in India. The company has a market capitalization of Rs. 4,500 crore.
The company reported a sales turnover of Rs. 2,700 crore for the year ended March 31, 2019. The net profit of the company was Rs. 140 crore for the year ended March 31, 2019. The EPS of the company for the same period was Rs. 10. The shares of the company closed at Rs. 109.05 on the BSE on May 10, 2019.
Prakash Industries Share Price NSE
Prakash Industries Share Price NSE is one of the leading steel manufacturing companies in India. The company has a strong presence in the domestic market with a market share of around 5%. The company has also been expanding its operations in the international market and has been able to establish a significant customer base in the United States, Europe, and Asia. The company’s share price has been on a roll in the last few years and has more than tripled in the last 5 years. The company’s share price is currently trading at around Rs. 300. The company’s shares are listed on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE).
Prakash Industries is one of the few steel companies in India that is vertically integrated. The company has its own iron ore and coal mines, which help it to reduce its dependence on the volatile global markets. The company has also been investing heavily in capacity expansion. It has set up two new plants in the last few years, one in Orissa and the other in Chattisgarh. The company’s total production capacity is now around 5 million tonnes per annum (MTPA).
The company’s financials have been strong in the last few years. The company’s revenue and profits have grown at a healthy pace. The company’s net profit has more than doubled in the last 5 years. The company’s net debt has also come down significantly in the last few years. The company’s share price has been on a roll in the last few years. The company’s shares have more than tripled in the last 5 years. The company’s share price is currently trading at around Rs. 300. The company’s shares are listed on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). Investors looking for exposure to the steel sector can consider investing in Prakash Industries.
