Prakash Industries Limited (PRAKASH.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+64.9%

₹189.63

vs ₹114.99 price

Levered DCF

₹49.17

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

—

Rating

B+

Overall 3 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	5.98×	8.18×	8.83×	4.78×	8.07×	13.37×	2.8×	2.43×
P/B	0.55×	0.88×	1.02×	0.31×	0.48×	0.44×	0.11×	0.46×
P/S	0.57×	0.72×	0.84×	0.26×	0.35×	0.4×	0.11×	0.37×
EV / EBITDA	4.59×	6.07×	6.23×	3.61×	4.79×	5.59×	2.51×	2.49×
Gross margin	25.7%	29.3%	26.9%	24.2%	21.9%	26.0%	31.6%	38.9%
Operating margin	9.9%	9.4%	9.3%	7.6%	6.0%	5.0%	6.9%	18.2%
Net margin	9.6%	8.9%	9.5%	5.5%	4.3%	3.0%	4.0%	15.0%
Current ratio	1.7×	1.26×	1.01×	0.98×	1.35×	1.3×	1.01×	1×
Debt / equity	0.14×	0.13×	0.12×	0.2×	0.19×	0.19×	0.2×	0.23×
Interest coverage	7.83×	8.13×	6.36×	3.36×	3.35×	2.12×	2.4×	6.41×
Dividend yield	1.3%	0.7%	0.0%	0.0%	0.4%	0.0%	6.2%	0.0%
Payout ratio	8.1%	6.0%	0.0%	0.0%	3.0%	0.0%	17.4%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	9.3%	10.7%	11.5%	6.4%	6.0%	3.3%	4.1%	18.9%
Return on invested capital	8.0%	9.7%	9.7%	7.0%	6.6%	4.5%	5.8%	18.0%
Return on assets	7.0%	7.9%	8.6%	4.5%	4.3%	2.5%	3.1%	13.7%
Free cash flow yield	-6.1%	-1.1%	4.5%	13.9%	15.4%	2.0%	42.0%	12.3%
Earnings yield	16.7%	12.2%	11.3%	20.9%	12.4%	7.5%	35.7%	41.1%
Enterprise value	₹24.9B	₹33.1B	₹34.3B	₹15B	₹19B	₹18.1B	₹8.7B	₹19.6B
Net debt / EBITDA	0.92×	0.74×	0.65×	1.42×	1.36×	1.66×	1.56×	0.82×
Cash conversion cycle (days)	73	64	24	25	30	45	32	34