Prakash Industries Share Price Target 2025 to 2030, Current Price and Share History: This article provides an in-depth analysis of Prakash Industries’ share target from 2025 to 2030, focusing on its current market performance, share trends, financial health, shareholding structure, and competitive positioning. Prakash Industries, a prominent player in the steel, power, and manufacturing sectors in India, has established itself as a leading manufacturer of steel products and other industrial goods.
Overview of Prakash Industries
What is Prakash Industries?
Prakash Industries Ltd is a leading Indian company specializing in the production of steel, power, and industrial goods. Founded in India, Prakash Industries has firmly established itself as a major player in the steel manufacturing and power sectors. The company is recognized for its diverse portfolio, which includes the production of steel products, power generation, and mining, serving both domestic and international markets. With a focus on quality and innovation, Prakash Industries has maintained steady growth and continues to expand its market presence.
Key Features of Prakash Industries
- Industry Expertise: With decades of experience, Prakash Industries is a trusted name in the steel and power sectors.
- Subsidiaries: The company has expanded its operational reach through various subsidiaries, enhancing its production and distribution capabilities.
- Workforce Strength: As of 2024, Prakash Industries employs 2,427 individuals, showcasing its significant operational scale and expertise.
- Market Presence: Listed on both BSE and NSE, reflecting strong investor confidence and a solid market position.
- Digital Presence: Operates through its official website, prakash.com, providing information about its products, services, and corporate developments.
Information about Prakash Industries
| Information | Details |
|---|---|
| Website | prakash.com |
| Headquarters | India |
| Founded | 1980 |
| Founder | Basu Dev Agarwal |
| CEO | M. L. Pareek (24 Sept 2014–) |
| Number of Employees | 2,427 (2024) |
| BSE Symbol | 506022 |
| NSE Symbol | PRAKASH |
Current Market Overview of Prakash Industries Share Price
Prakash Industries Share Price History
As of December 2024, Prakash Industries’ share is down by -2.9% today and has declined by -7.06% over the past week. Over the last month, the share has fallen by -2.74%. It has shown a decline of -9.09% over the past three months and a minor drop of -0.35% over the past year. However, the share has delivered strong growth of +214.68% over the past three years and an impressive +261.98% growth over the past five years.
Prakash Industries Share Fundamental Data
- Market Cap: ₹2,911 Cr.
- Current Price: ₹163
- High / Low: ₹237 / ₹128
- Stock P/E: 8.31
- Book Value: ₹177
- Dividend Yield: 0.74%
- ROCE: 10.6%
- ROE: 10.4%
- Face Value: ₹10.0
Market Position of Prakash Industries Share as of December 2024
| Time Period | Returns of Prakash Industries Share |
|---|---|
| 1 Day | -2.9% |
| 1 Week | -7.06% |
| 1 Month | -2.74% |
| 3 Months | -9.09% |
| 1 Year | -0.35% |
| 3 Years | 214.68% |
| 5 Years | 261.98% |
Prakash Industries Share Price Target for 2024, 2025, 2026, 2027, 2028, 2029, 2030
Prakash Industries Share Price Target in 2024
In 2024, the share price target for Prakash Industries is expected to range between ₹180 and ₹200, driven by steady growth in the steel and power sectors and improved financial performance.
| Year | Minimum Target | Maximum Target |
|---|---|---|
| 2024 | ₹180 | ₹200 |
Prakash Industries Share Price Target in 2025
For 2025, Prakash Industries’ share price target is projected to range between ₹210 and ₹230, fueled by strong operational growth and favorable market conditions.
| Year | Minimum Target | Maximum Target |
|---|---|---|
| 2025 | ₹210 | ₹230 |
Prakash Industries Share Price Target in 2026
In 2026, the share price target for Prakash Industries is expected to range between ₹250 and ₹270, reflecting continued growth in market demand and increased production capacity.
| Year | Minimum Target | Maximum Target |
|---|---|---|
| 2026 | ₹250 | ₹270 |
Prakash Industries Share Price Target in 2027
By 2027, the share price target for Prakash Industries is estimated to range between ₹300 and ₹330, supported by the company’s expanding presence in both domestic and international markets.
| Year | Minimum Target | Maximum Target |
|---|---|---|
| 2027 | ₹300 | ₹330 |
Prakash Industries Share Price Target in 2028
In 2028, Prakash Industries’ share price target is anticipated to range between ₹350 and ₹380, driven by strong demand for steel and energy products and further market expansion.
| Year | Minimum Target | Maximum Target |
|---|---|---|
| 2028 | ₹350 | ₹380 |
Prakash Industries Share Price Target in 2029
For 2029, the share price target for Prakash Industries is projected to range between ₹400 and ₹430, reflecting continued industry growth and solid financial performance.
| Year | Minimum Target | Maximum Target |
|---|---|---|
| 2029 | ₹400 | ₹430 |
Prakash Industries Share Price Target in 2030
By 2030, Prakash Industries’ share price target is expected to range between ₹450 and ₹500, driven by strong fundamentals, market leadership, and sustained long-term growth.
| Year | Minimum Target | Maximum Target |
|---|---|---|
| 2030 | ₹450 | ₹500 |
Financial Health and Performance Analysis of Prakash Industries (FY 2020 – FY 2024)
Prakash Industries Financials: Total Revenue (FY 2020 – FY 2024)
| Year | Total Revenue (₹ Cr) | Total Revenue Growth (%) |
|---|---|---|
| FY 2024 | ₹3,741.56 | +8.29% |
| FY 2023 | ₹3,455.14 | -12.24% |
| FY 2022 | ₹3,937.20 | +22.12% |
| FY 2021 | ₹3,223.92 | +8.16% |
| FY 2020 | ₹2,980.59 | -17.09% |
Prakash Industries Financials: Total Assets (FY 2020 – FY 2024)
| Year | Total Assets (₹ Cr) | Total Assets Growth (%) |
|---|---|---|
| FY 2024 | ₹4,058.62 | -4.52% |
| FY 2023 | ₹4,250.71 | +8.66% |
| FY 2022 | ₹3,911.85 | +0.71% |
| FY 2021 | ₹3,884.13 | +0.35% |
| FY 2020 | ₹3,870.50 | -1.78% |
Prakash Industries Financials: Net Cash Flow (FY 2020 – FY 2024)
| Year | Net Cash Flow (₹ Cr) |
|---|---|
| FY 2024 | ₹-6.23 |
| FY 2023 | ₹1.82 |
| FY 2022 | ₹-8.04 |
| FY 2021 | ₹-13.15 |
| FY 2020 | ₹14.06 |
Prakash Industries Financials: Key Ratios (FY 2020 – FY 2024)
| Year | Return on Equity (ROE) (%) | Return on Capital Employed (ROCE) (%) | Return on Assets (ROA) (%) |
|---|---|---|---|
| FY 2024 | 11.51% | 12.31% | 8.57% |
| FY 2023 | 6.44% | 8.12% | 4.48% |
| FY 2022 | 5.99% | 7.35% | 4.31% |
| FY 2021 | 3.28% | 5.04% | 2.45% |
| FY 2020 | 4.06% | 6.34% | 3.05% |
Analysis Summary
Total Revenue Growth: Prakash Industries experienced fluctuations in its total revenue over the five-year period. In FY 2024, the revenue grew by 8.29%, recovering from a decline of -12.24% in FY 2023. FY 2022 saw a robust growth of 22.12%, while FY 2021 and FY 2020 displayed modest growth and contraction, respectively.
Total Assets Growth: The company’s total assets decreased by -4.52% in FY 2024. However, it demonstrated growth in FY 2023 (+8.66%) and a modest increase of 0.71% in FY 2022. The slight positive growth in FY 2021 and FY 2020 indicated stable asset expansion.
Net Cash Flow: Net cash flow remained volatile, with FY 2024 reporting a negative cash flow of ₹-6.23 Cr, a recovery from FY 2022’s negative ₹-8.04 Cr. FY 2023 recorded a positive cash flow of ₹1.82 Cr, while FY 2021 and FY 2020 had significant negative flows.
Profitability Ratios:
- Return on Equity (ROE): Increased to 11.51% in FY 2024, a marked improvement from the 6.44% in FY 2023, reflecting enhanced profitability.
- Return on Capital Employed (ROCE): Improved to 12.31% in FY 2024, showing strong operational efficiency, despite the decline from FY 2023’s 8.12%.
- Return on Assets (ROA): Increased significantly to 8.57% in FY 2024, indicating improved asset utilization compared to previous years.
How to Buy Prakash Industries Shares
- Choose a Broker: Select a reliable brokerage platform such as Zerodha, Upstox, Angel One, ICICI Direct, or HDFC Securities that offers access to Prakash Industries shares.
- Open a Trading Account: Register for a Demat and trading account with your chosen broker. Popular platforms include Kite (Zerodha), Upstox Pro, and Angel Broking app.
- Complete KYC: Submit the required documents for Know Your Customer (KYC) verification, including proof of identity, address, and PAN card.
- Deposit Funds: Transfer the necessary funds into your trading account to facilitate the purchase of Prakash Industries shares.
- Search for the Company Shares: Locate Prakash Industries shares by searching for its name or ticker symbol on the brokerage platform.
- Place an Order: Decide the number of shares to buy and place either a market order (for immediate execution at current prices) or a limit order (to set a specific buying price).
- Confirm Purchase: Review the order details thoroughly and confirm the transaction to successfully purchase Prakash Industries shares.
Prakash Industries Share Price Target for the Next 5 Years
Prakash Industries is set for consistent growth, driven by its strong position in the steel and power sectors, operational improvements, and expanding market footprint. Below are the projected share price targets for the next five years:
| Year | Minimum Target (₹) | Maximum Target (₹) |
|---|---|---|
| 2024 | ₹180 | ₹200 |
| 2025 | ₹210 | ₹230 |
| 2026 | ₹250 | ₹270 |
| 2027 | ₹300 | ₹330 |
| 2028 | ₹350 | ₹380 |
Shareholding Pattern of Prakash Industries
Promoters:
- No. of Shares: 7,92,87,223
- Percentage: 44.27%
- % Change QoQ: +0.03%
Pledge:
- No. of Shares: 84,12,851
- Percentage: 10.61%
- % Change QoQ: -2.73%
FII (Foreign Institutional Investors):
- No. of Shares: 70,88,189
- Percentage: 3.95%
- % Change QoQ: -1.00%
DII (Domestic Institutional Investors):
- No. of Shares: 14,004
- Percentage: 0.01%
- % Change QoQ: -0.10%
MF (Mutual Funds):
- No. of Shares: 13,804
- Percentage: 0.01%
- % Change QoQ: 0.00%
Others:
- No. of Shares: 9,26,92,423
- Percentage: 51.76%
- % Change QoQ: +1.07%
Pros and Cons of Prakash Industries
Pros:
- Stable promoter holding at 44.27%, demonstrating confidence in the company’s future.
- Minor increase in “Others” holding (+1.07% QoQ) could signal broader investor interest.
Cons:
- Significant pledge of 10.61% could pose financial risks.
- Decrease in FII shareholding (-1.00% QoQ) may reflect a reduction in foreign interest.
- Domestic institutional investor (DII) holding remains minimal at 0.01%, suggesting limited institutional interest.
Peer Competitors of Prakash Industries in the Steel Industry
| Name | Share Price (₹) | Market Cap (₹ Cr) |
|---|---|---|
| Ratnamani Metals | 3,297.65 | 23,113.89 |
| Sarda Energy | 469.60 | 16,547.82 |
| NMDC Steel | 43.14 | 12,642.63 |
| Usha Martin | 371.85 | 11,331.82 |
| Mah. Seamless | 709.85 | 9,511.40 |
| Gallantt Ispat L | 338.75 | 8,173.39 |
| Bansal Wire Inds | 441.90 | 6,918.21 |
| Prakash Industries | 162.53 | 2,910.62 |
Challenges and Risks of Investing in Prakash Industries
- Cyclicality of the Steel Industry: Prakash Industries’ performance is influenced by the cyclical nature of the steel sector, with demand fluctuations tied to economic conditions.
- Raw Material Price Volatility: Changes in the prices of raw materials like iron ore and coal can significantly affect production costs and margins.
- Regulatory Changes: Alterations in government policies, such as import/export restrictions or environmental regulations, could pose operational and financial challenges.
- Competitive Landscape: Intense competition from both domestic and international steel manufacturers may pressure market share and profitability.
Prakash Industries Share: Key Factors Driving Growth
- Infrastructure Development: Increased investments in infrastructure projects and construction activities boost demand for steel products, supporting revenue growth.
- Operational Efficiency: Prakash Industries’ focus on cost-effective production and energy-efficient processes enhances competitiveness.
- Product Diversification: The company’s diversified product portfolio, including specialty steel products, caters to various sectors and reduces reliance on a single market.
- Financial Performance: Consistent efforts to improve profitability and maintain a stable balance sheet strengthen investor confidence in the company’s share growth potential.
