Prakash Pipes (PPL)₹230.29+1.28%Plastic Products - Industrial
In the Mar 2026 quarter (standalone), Prakash Pipes reported sales of ₹223 Cr, up 21.9% from Mar 2025, and net profit of ₹12.95 Cr, up 30.0% year on year. For the year to Mar 2026, sales were ₹791 Cr and net profit ₹42.82 Cr.
Company filings, standalone accounts; latest reported quarter Mar 2026
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 176 | 171 | 158 | 165 | 205 | 200 | 192 | 183 | 203 | 181 | 181 | 223 |
| Expenses | 152 | 147 | 128 | 135 | 173 | 170 | 158 | 166 | 188 | 167 | 163 | 207 |
| Operating Profit | 23.07 | 24.05 | 30.06 | 30.10 | 33.06 | 31.09 | 36.11 | 18.04 | 16.05 | 15.05 | 18.05 | 17.04 |
| OPM % | 13.1% | 14.0% | 19.0% | 18.1% | 16.0% | 16.0% | 19.0% | 10.0% | 8.0% | 8.0% | 10.0% | 8.0% |
| Other Income | 1.01 | 5.01 | 4.01 | 5.01 | 5.01 | 5.01 | 1.01 | 1.01 | 2.01 | 1.01 | 0.00 | 6.01 |
| Interest | 0.00 | 0.00 | 2.01 | 1.01 | 2.01 | 2.01 | 2.01 | 1.01 | 1.01 | 0.00 | 1.01 | 1.01 |
| Depreciation | 2.01 | 2.01 | 2.01 | 3.01 | 2.01 | 3.01 | 3.01 | 3.01 | 3.01 | 4.01 | 4.02 | 4.02 |
| Profit before tax | 21.94 | 26.95 | 29.91 | 30.93 | 33.91 | 31.91 | 30.92 | 14.96 | 13.96 | 11.98 | 12.97 | 18.96 |
| Tax % | 15.0% | 15.0% | 23.0% | 18.0% | 25.1% | 25.1% | 27.0% | 30.0% | 26.0% | 25.0% | 25.0% | 27.1% |
| Net Profit | 17.93 | 22.93 | 22.92 | 24.91 | 24.90 | 23.92 | 22.93 | 9.96 | 9.97 | 8.97 | 9.96 | 12.95 |
| EPS (Rs) | 7.71 | 9.46 | 9.65 | 10.59 | 10.60 | 10.14 | 9.65 | 4.29 | 4.30 | 3.90 | 4.22 | 5.63 |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 341 | 385 | 477 | 618 | 710 | 670 | 781 | 791 | 789 |
| Expenses | 303 | 348 | 419 | 541 | 628 | 563 | 661 | 724 | 724 |
| Operating Profit | 39.08 | 38.10 | 59.17 | 77.19 | 83.21 | 107 | 121 | 66.15 | 66.19 |
| OPM % | 11.0% | 10.0% | 12.0% | 13.0% | 12.1% | 16.1% | 16.0% | 8.0% | 8.4% |
| Other Income | 5.01 | 4.01 | 2.01 | 3.01 | 22.04 | 16.03 | 9.01 | 9.02 | 9.03 |
| Interest | 0.00 | 2.01 | 2.01 | 2.01 | 3.01 | 4.01 | 7.02 | 3.01 | 3.03 |
| Depreciation | 5.02 | 6.02 | 8.03 | 11.04 | 12.03 | 10.04 | 11.04 | 15.06 | 15.06 |
| Profit before tax | 37.91 | 33.94 | 50.83 | 66.87 | 88.81 | 110 | 112 | 57.87 | 57.87 |
| Tax % | 25.0% | 28.0% | 30.1% | 30.0% | 20.1% | 18.0% | 26.0% | 26.1% | — |
| Exceptional items | 0.14 | 0.00 | 0.00 | 0.14 | 12.65 | 8.52 | 0.22 | 0.00 | — |
| Net Profit | 28.89 | 24.92 | 35.90 | 46.86 | 70.72 | 89.66 | 82.67 | 42.82 | 41.85 |
| EPS (Rs) | 28,502.68 | 12.10 | 14.94 | 19.53 | 29.78 | 37.44 | 34.68 | 18.07 | 18.05 |
| Dividend payout % | 9.0% | 10.0% | 8.0% | 6.0% | 4.0% | 5.0% | 7.0% | 13.0% | — |
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.01 | 20.01 | 19.99 | 23.99 | 23.99 | 23.96 | 23.98 | 23.95 | 24.01 |
| Reserves | 0.00 | 88.93 | 112 | 168 | 211 | 255 | 341 | 419 | 455 |
| Borrowings | 0.00 | 0.00 | 4.99 | 1.99 | 4.99 | 9.97 | 39.85 | 38.86 | 18.94 |
| Other Liabilities | 0.00 | 30.85 | 40.80 | 47.77 | 55.72 | 56.72 | 86.59 | 94.54 | 105 |
| Total Liabilities | 0.00 | 141 | 179 | 241 | 296 | 345 | 492 | 577 | 603 |
| Fixed Assets | 0.00 | 43.09 | 55.06 | 77.06 | 101 | 68.11 | 71.07 | 127 | 136 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 4.01 | 5.01 | 9.01 | 6.99 | 17.99 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 42.13 | 13.02 | 0.00 |
| Other Assets | 0.00 | 96.70 | 124 | 163 | 190 | 272 | 370 | 429 | 449 |
| Inventories | 0.00 | 17.06 | 30.13 | 55.18 | 59.19 | 49.20 | 55.22 | 67.28 | 84.36 |
| Trade receivables | 0.00 | 31.93 | 42.85 | 43.89 | 58.79 | 74.84 | 74.79 | 86.71 | 96.72 |
| Cash & equivalents | 0.00 | 0.99 | 11.99 | 31.95 | 45.94 | 121 | 216 | 257 | 55.99 |
| Total Assets | 0.00 | 141 | 179 | 241 | 296 | 345 | 492 | 577 | 603 |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 19.95 | 13.97 | 29.91 | 50.87 | 41.88 | 120 | 72.76 | 19.96 |
| Cash from investing activity | −20.03 | −15.02 | −33.07 | −36.03 | 16.02 | −46.05 | −26.03 | −197 |
| Cash from financing activity | 0.00 | 1.99 | 17.95 | 0.00 | 0.00 | 25.95 | −9.97 | −31.92 |
| Net cash flow | 0.99 | 0.00 | 14.94 | 15.94 | 58.75 | 98.63 | 37.85 | −208 |
| Capex | 19.94 | 15.96 | 33.89 | 37.92 | 6.98 | 18.93 | 58.86 | 23.93 |
| Free cash flow | 0.00 | −1.99 | −3.99 | 13.97 | 53.88 | 99.76 | 14.97 | −3.99 |
| CFO / OP % | 71.9% | 58.0% | 61.9% | 81.0% | 68.9% | 121.0% | 90.0% | 76.0% |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Debtor days | 33 | 40 | 33 | 34 | 38 | 40 | 40 | 44 |
| Inventory days | 24 | 37 | — | 46 | 34 | 44 | 45 | 52 |
| Days payable | 21 | 23 | — | 18 | 16 | 33 | 28 | 34 |
| Cash conversion cycle | 37 | 55 | 35 | 63 | 56 | 52 | 57 | 63 |
| Working capital days | 49 | 42 | 48 | 43 | 41 | 17 | 20 | 35 |
| ROCE % | 70.1% | 29.1% | 32.0% | 32.0% | 29.0% | 29.1% | 27.1% | 12.1% |
For the Mar 2026 quarter, Prakash Pipes reported sales of ₹223 Cr, up 21.9% year on year and net profit of ₹12.95 Cr, up 30.0% year on year. The operating margin was 8.0%.
Prakash Pipes' sales for the year to Mar 2026 were ₹791 Cr; over the last twelve months they were ₹789 Cr.
Net profit for the year to Mar 2026 was ₹42.82 Cr, and ₹41.85 Cr over the last twelve months. Earnings per share over the same trailing period were ₹18.05.
Prakash Pipes reported borrowings of ₹18.94 Cr at Mar 2026, against cash and equivalents of ₹55.99 Cr.
Cash from operations was ₹19.96 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹3.99 Cr.