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Prakash Steelage Ltd.

BSE: 533239 | NSE: PRAKASHSTL |

Represents Equity.Intra - day transactions are permissible and normal trading is done in this category
Series: EQ | ISIN: INE696K01024 | SECTOR: Steel - Tubes & Pipes

BSE Live

Oct 27, 16:00
0.67 0.01 (1.52%)
Volume
AVERAGE VOLUME
5-Day
19,241
10-Day
29,933
30-Day
39,105
3,768
  • Prev. Close

    0.66

  • Open Price

    0.65

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    0.00 (0)

NSE Live

Oct 27, 15:31
0.65 0.00 (0.00%)
Volume
AVERAGE VOLUME
5-Day
145,127
10-Day
122,226
30-Day
161,179
163,856
  • Prev. Close

    0.65

  • Open Price

    0.65

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    0.00 (0)

Annual Report

For Year :
2015 2014 2013 2012 2011 2009

Chairman's Speech

Dear Members, I welcome you to the 24th Annual General Meeting of the Company. Your continued support gives us the enthusiasm, confidence and motivation to strive for betterment. With success comes responsibility, so we take care to reinvest in protecting and developing the communities within which we operate. Company''s Performance On the operational front, the Company has made significant progress in the last year. The Company, on standalone basis, has recorded net revenue of Rs.107243.18 Lacs, as compared to Rs.94421.79 Lacs in the previous year reflecting a growth of 13.58%. The profit before exceptional item and tax is Rs.3165.62 Lacs as against Rs. 2356.46 Lacs in the previous year reflecting an increase in Profit by Rs. 809.16 Lacs. An increase of 34.34%. The Net Profit after Ta x is Rs.1406.01 Lacs as against Rs. 1654.92 Lacs in the previous year reflecting a decrease of profit by Rs. 248.91Lacs, a decrease of 15.04%.The Earning per Share (EPS) before exceptional stood at Rs. 11.90 per share. Key development subsequent to financial year ending: The Company''s seamless steel and pipe division unit at Umbergaon, Gujarat, has been transferred to Tubacex Prakash India Private Limited on 25th July, 2015, pursuant to the joint venture Agreement between the Company and Tubacex S.A. Spain. The Company however retains 32.47% shareholding in the said Tubacex Prakash India Private Limited post transfer of the Seamless division. The Company will continue the manufacturing of welded tubes and pipes and also the trading in S. S. Products. The sale proceeds has helped the Company reducing its debts substantially. At a time when market conditions have been challenging, not just in India but globally, we have maintained our output and braved headwinds like cheap imports, slack demand, among others to give a sector leading performance. Analysts also expect India''s steel consumption to rise. To meet the challanges of future business scenario, your Company has taken the decision to hive off its seamless division for which we not only got reasonably good valuation but also got the opportunity to be the partner of worlds largest SS Tubes manufacturing company Tubacex S.A. of Spain. We hope that our company will be benefitted immensely with this tie up. Acknowledgement I would like to express my sincere appreciation to our shareholders for the support and confidence reposed in us, and all other stakeholders and Government agencies, our Bankers for the continuing commitment and support in your Company. We look forward for their continued association with the Company. Sd/- Prakash C. Kanugo (Chairman & Managing Director)