Prakash Industries (PRAKASH)₹116.03+0.74%Iron & Steel
In the Mar 2026 quarter (standalone), Prakash Industries reported sales of ₹918 Cr, up 8.9% from Mar 2025, and net profit of ₹92.60 Cr, up 2.2% year on year. For the year to Mar 2026, sales were ₹3,471 Cr and net profit ₹332 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 | 1,010 | 887 | 883 | 887 | 1,164 | 1,074 | 923 | 843 | 1,034 | 721 | 796 | 918 |
| Expenses | 893 | 759 | 761 | 766 | 1,032 | 944 | 800 | 711 | 897 | 614 | 673 | 775 |
| Operating Profit | 118 | 128 | 123 | 123 | 132 | 131 | 125 | 132 | 138 | 108 | 124 | 143 |
| OPM % | 12.1% | 14.1% | 14.0% | 14.1% | 11.1% | 12.1% | 13.1% | 16.1% | 13.1% | 15.1% | 16.1% | 16.1% |
| Other Income | 30.09 | 16.05 | 7.02 | 11.02 | 6.01 | 6.01 | 7.02 | 7.02 | 6.02 | 6.02 | 12.03 | 6.02 |
| Interest | 19.01 | 17.01 | 12.01 | 9.99 | 12.01 | 10.99 | 11.99 | 10.99 | 11.01 | 9.99 | 8.99 | 14.01 |
| Depreciation | 38.87 | 37.91 | 37.88 | 36.91 | 34.87 | 35.87 | 35.87 | 35.88 | 41.88 | 41.84 | 41.87 | 41.84 |
| Profit before tax | 89.30 | 89.23 | 81.32 | 87.31 | 90.25 | 90.25 | 84.27 | 91.26 | 91.33 | 62.20 | 84.24 | 93.31 |
| Tax % | 0.0% | 0.0% | 0.0% | −2.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | −3.0% | 0.0% |
| Net Profit | 88.66 | 88.73 | 80.64 | 88.66 | 89.60 | 89.63 | 83.63 | 90.64 | 90.66 | 61.77 | 86.66 | 92.60 |
| EPS (Rs) | 4.98 | 4.98 | 4.49 | 4.95 | 5.04 | 5.04 | 4.67 | 5.06 | 5.09 | 3.43 | 4.84 | 5.20 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2,046 | 2,167 | 2,926 | 3,577 | 2,968 | 3,204 | 3,917 | 3,432 | 3,667 | 4,003 | 3,471 | 3,469 |
| Expenses | 1,859 | 1,907 | 2,345 | 2,796 | 2,618 | 2,896 | 3,533 | 3,024 | 3,181 | 3,487 | 2,959 | 2,959 |
| Operating Profit | 190 | 264 | 584 | 789 | 350 | 315 | 391 | 413 | 493 | 520 | 513 | 513 |
| OPM % | 9.0% | 12.1% | 20.1% | 22.1% | 12.1% | 10.1% | 10.1% | 12.1% | 13.1% | 13.1% | 15.1% | 14.8% |
| Other Income | 4.01 | 2.01 | 15.05 | 0.00 | 7.01 | 8.02 | 8.02 | 11.04 | 64.14 | 25.06 | 29.10 | 30.09 |
| Interest | 69.01 | 75.04 | 88.96 | 102 | 93.99 | 73.98 | 72.99 | 81.99 | 56.98 | 45.99 | 44.02 | 44.00 |
| Depreciation | 102 | 103 | 121 | 134 | 145 | 154 | 158 | 152 | 153 | 143 | 167 | 167 |
| Profit before tax | 23.09 | 88.32 | 389 | 555 | 118 | 95.25 | 170 | 191 | 347 | 357 | 332 | 331 |
| Tax % | 0.0% | 8.0% | 1.0% | 2.0% | 0.0% | 0.0% | 0.0% | 0.0% | −1.0% | 0.0% | −1.0% | — |
| Exceptional items | 0.00 | −1.01 | 0.00 | −6.99 | 0.00 | 1.01 | 1.01 | 1.01 | 36.99 | 2.01 | 0.00 | — |
| Net Profit | 22.92 | 80.68 | 385 | 537 | 118 | 94.64 | 168 | 189 | 347 | 354 | 332 | 332 |
| EPS (Rs) | 1.73 | 5.82 | 24.56 | 32.98 | 6.89 | 5.31 | 9.40 | 10.62 | 19.41 | 19.80 | 18.57 | 18.56 |
| Dividend payout % | 0.0% | 0.0% | 0.0% | 4.0% | 0.0% | 0.0% | 0.0% | 0.0% | 6.0% | 8.0% | 10.0% | — |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 134 | 134 | 139 | 157 | 164 | 171 | 179 | 179 | 179 | 180 | 179 | 180 |
| Reserves | 2,067 | 2,000 | 2,079 | 2,574 | 2,686 | 2,726 | 2,715 | 2,627 | 2,772 | 2,842 | 3,135 | 3,404 |
| Borrowings | 914 | 858 | 936 | 818 | 662 | 572 | 557 | 548 | 600 | 362 | 422 | 515 |
| Other Liabilities | 325 | 367 | 259 | 337 | 424 | 392 | 426 | 549 | 695 | 670 | 739 | 646 |
| Total Liabilities | 3,442 | 3,359 | 3,413 | 3,887 | 3,936 | 3,861 | 3,877 | 3,903 | 4,245 | 4,054 | 4,476 | 4,745 |
| Fixed Assets | 1,730 | 1,631 | 1,574 | 2,371 | 2,353 | 3,004 | 2,969 | 2,931 | 3,111 | 2,715 | 3,265 | 3,288 |
| CWIP | 944 | 955 | 1,141 | 690 | 710 | 171 | 122 | 46.01 | 172 | 495 | 0.00 | 197 |
| Investments | 1.99 | 1.99 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 765 | 771 | 698 | 825 | 873 | 687 | 786 | 927 | 962 | 843 | 1,211 | 1,260 |
| Inventories | 194 | 183 | 188 | 251 | 233 | 137 | 294 | 348 | 312 | 302 | 485 | 499 |
| Trade receivables | 96.90 | 79.93 | 75.91 | 98.87 | 150 | 195 | 143 | 65.88 | 96.80 | 82.94 | 174 | 196 |
| Cash & equivalents | 35.89 | 19.91 | 27.90 | 46.86 | 43.84 | 58.76 | 44.85 | 210 | 297 | 275 | 270 | 194 |
| Total Assets | 3,442 | 3,359 | 3,413 | 3,887 | 3,936 | 3,861 | 3,877 | 3,903 | 4,245 | 4,054 | 4,476 | 4,745 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 231 | 242 | 269 | 475 | 695 | 387 | 159 | 350 | 584 | 600 | 142 | 299 |
| Cash from investing activity | −109 | −149 | −248 | −480 | −535 | −248 | −129 | −299 | −545 | −320 | −126 | −338 |
| Cash from financing activity | −108 | −103 | −14.03 | 10.03 | −169 | −126 | −43.09 | −59.21 | −38.10 | −289 | 2.01 | 31.06 |
| Net cash flow | 15.03 | −10.01 | 7.01 | 7.01 | −8.01 | 14.02 | −13.01 | −8.01 | 2.01 | −6.01 | 18.01 | −8.01 |
| Capex | 181 | 158 | 229 | 474 | 535 | 249 | 134 | 140 | 458 | 463 | 175 | 387 |
| Free cash flow | 55.18 | 87.26 | 42.13 | 2.01 | 161 | 139 | 26.10 | 213 | 128 | 210 | −29.11 | −87.30 |
| CFO / OP % | 63.0% | 128.0% | 104.0% | 90.0% | 94.1% | 111.1% | 50.1% | 91.1% | 143.1% | 123.0% | 24.0% | 58.1% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor days | 12 | 13 | 12 | 11 | 14 | 23 | 15 | 5 | 9 | 7 | 15 | 20 |
| Inventory days | 35 | 45 | 45 | 49 | 39 | 24 | 46 | 43 | 44 | 42 | 61 | 85 |
| Days payable | 13 | 21 | 23 | 27 | 24 | 26 | 24 | 18 | 29 | 26 | 13 | 21 |
| Cash conversion cycle | 33 | 37 | 34 | 33 | 29 | 22 | 37 | 30 | 25 | 23 | 63 | 83 |
| Working capital days | −21 | −32 | −35 | −6 | −6 | −7 | 12 | 0 | −34 | −28 | −4 | 29 |
| ROCE % | 10.1% | 3.0% | 5.0% | 14.1% | 19.1% | 6.0% | 5.0% | 7.1% | 8.1% | 11.1% | 11.1% | 10.1% |
For the Mar 2026 quarter, Prakash Industries reported sales of ₹918 Cr, up 8.9% year on year and net profit of ₹92.60 Cr, up 2.2% year on year. The operating margin was 16.1%.
Prakash Industries' sales for the year to Mar 2026 were ₹3,471 Cr; over the last twelve months they were ₹3,469 Cr.
Net profit for the year to Mar 2026 was ₹332 Cr, and ₹332 Cr over the last twelve months. Earnings per share over the same trailing period were ₹18.56.
Prakash Industries reported borrowings of ₹515 Cr at Mar 2026, against cash and equivalents of ₹194 Cr.
Cash from operations was ₹299 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹87.30 Cr.