Synopsis:
Prakash Industries stock is in focus after ace investors Mukul Agarwal and Dolly Khanna together raised their individual stakes in the business.
The shares of this steel and power company are in focus after ace investors Dolly Khanna and Mukul Agarwal have increased their stake in the business. In this article, we will dive more into the details.
With a market capitalisation of Rs 2,993 crores, the shares of Prakash Industries Ltd are currently trading at Rs 167 per share, down by 29.61 percent from its 52-week high of Rs 237.25. Over the past five years, the stock has delivered a robust return of 388 percent.
Mukul Agarwal, after holding a consistent 1.40 percent stake in the company for the past seven quarters, has now increased his holding by 0.32 percent. With this move, his current stake stands at 1.72 percent. Dolly Khanna has also raised her stake in the company. She now holds 2.27 percent, up by 0.20 percent from her previous holding of 2.07 percent a year ago.
Financial Highlights
Prakash Industries reported a revenue growth of 9.13 percent to Rs 4,014 crores in FY25 from Rs 3,678 crores in FY24. Its net profit grew by just 2 percent to Rs 355 crores in FY25 from Rs 348 crores in FY24.
The stock delivered an ROE and ROCE of 11.21 percent and 11.29 percent, respectively, and is currently trading at a P/E of 8.44x as compared to its industry average of 22.47x.
Prakash Industries Limited is a comprehensive steel and power company based in India. They specialise in producing a variety of products, including sponge iron, steel billets, ferro alloys, wire rods, HB wires, and TMT bars.
These products find their way into many applications, such as binding wires, fencing, barbed wires, electrical cables, nails, screws, and wire mesh. Additionally, the company is active in wind power generation and participates in the mining of iron ore and coal, which supports its strategy of backward integration.
Written by Satyajeet Mukherjee
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