Prakash pipes
1- MCAP of around 300 Cr with net debt free
2- it’s having two segments PVC pipes and flexible packaging
3- Demerged from Prakash industries so no long term data available
4- flexible packaging division is 3 yrs old only and few q back it became EBITDA positiv
5- PVC pipes and fittings segment- total capacity is 60000 MTPA and by 2022 capacity will be enhanced to 65000 MTPA
6 - Flexible packaging division capacity is 14400 MTPA which will be enhanced to 19200 MTPA by 2022
7- Recently entered in high growth segment of CPVC pipes
8- Good ROE and ROCE
9- CPVC segment is having better margins and CPVC segment is more organised ( 80% organised players ) then PVC pipes ( 50% market share of organised players)so margins will be better with commencement of this segments ( right now OPM 12-16%)
10- company is constantly adding capacity since last two years
11- around 9% promoter shares are pledged
12- Promoters history- Many cases against promoters like cheque bounce , coal mine scam and stock manipulation ( search in google) so be careful before investing.
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