We have been researching on some of the stock and this is one of stock which we found during our research from pipe ( plastic product sector). Multibagger are the ones which provide more and more value than the initial invested amount . In this Article Potential Multibagger-Prakash Pipe Limited for 2024/2025 will go through details of why we decided as good stock.
Potential Multibagger-Prakash Pipe Limited for 2024/2025: Key Factors.
Prakash Pipes Fundamentals:
Prakash Pipe Limited is the demerger form the Prakash Industries Limited. and small cap company.
Promoter of the company is Shri Ved Prakash Agarwal has been in the business of manufacturing PVC Pipes and Fittings since 1981.
They manufacture a wide range of products such as Agri Pipes, Plumbing Pipes, Column Pipes, SWR Pipes, Casing Pipes, Garden Pipes and their related Fittings.
They do Flexible Packing for Haldirams, Bikaji and many others.
Their products into irrigation, drainage, housing, sanitation etc., In Uttarakhand they are manufacturing laminates and pouches used for the packaging consumer products like soaps, shampoos, snacks etc., Their plant at Kashipur, Uttarakhand and spread across 60 acres of land area.
Clients and Other X-factors
Company has a strong client base for brands and packaging products like Bambino, Havells, Bikaji, Haldiram, Patanjali, Organic India, Cornitos, Anmol, Pran, Cream Bell, Farmer Fresh
Prakash Pipe Limited mainly focusing on backward integration and increasing value added products like printing inks, printing cylinders etc.,
The Company is also focusing on increasing the proportion of CPVC pipes as a percentage of revenue as the realization of CPVC pipes is better than UPVC pipes.
Service / Product Application Areas
Prakash Pipes provides technologically superior and sustainable packaging solutions such as high performance barrier films and laminates that find application in packaging of FMCG, Food, Beverages, Infrastructure, and Pharmaceutical products.
FMCG
- Shampoo and Conditioners
- Candy and Confectionery
- Soap and Detergents
- Aromatic Oils
- Oils Essential Oil
- Vegetative Oils
Infrastructure
- Cement
- Paints
- Printing Ink
- Petroleum Oils
- Automotive and Eng.Components
- Garden Fertilizers
- Plant Nutrients and Manures
Beverages
- Tea and Coffee
- Fruit Juices
- Synthetic Juices and Drinks
Food
- Snacks Food
- Sugar
- Wheat Flour
- Rice and All Other Cereals
- Noodles
- Spices
- Green Vegetables and Fruits
- See Food
- Frozen Food
- Cheese and Dairy Product
- Animal( Pet) Food
- Ready to Eat Foods
- Dessert Mixes
- Marinates and Pastes
- Meat
- Microbes and Enzymes
Other
- Anti Fog
- Anti State
- Anti Skid
- Pharmaceuticals
- Contraceptives
By looking at these areas where ppl is taking part this gives good indication about company expansion.
Numbers :
We did our fundamental analysis using screener website and able to identify good numbers.
Price:
The Current Market Price of Rs 502 and Market Cap of 1201cr.
P/E Ratio:
Its 13.34 , which is good indicator for any stock which is in buying range.
52 weeks High 539.70 and 52 weeks Low 178.
Sales :
This is getting increased year by year .
Reserves :
Under balance sheet , reserves are also increasing which gives good indication about company.
Quarterly Profit and yearly profit is increasing in ascending order which suggests that company is making good profit.
FII are having good interest in this company and are increasing the stake quarter by quarter. Right now its 0.93%.
By looking at above numbers and balance sheet values this certainly has potential to become Multibagger- for 2024/2025
Conclusion
Our main aim of Potential Multibagger-Prakash Pipe Limited for 2024/2025 this article is to inform you about details and fact about PPL . This may help you to take a decision on analyse the company in clarity. As per ours view we thought Prakash Pipe Limited is a potential Multibagger in future days.
Even though there are good Competitors for Prakash Pipe Limited like Supreme Industries, Astral, Finolex Industries etc. fundamentals and numbers are showing that this stock has good potential to become Multibagger.
Note: This is not recommendation as such. We are not SEBI registered. So Kindly take your financial advisor opinion before taking any action.
Frequently Asked Questions:
They manufacture a wide range of products such as Agri Pipes, Plumbing Pipes, Column Pipes, SWR Pipes, Casing Pipes, Garden Pipes and their related Fittings.They do Flexible Packing for Haldirams and Bikaji. Good governance, ethics and values are tested at every stage at Prakash Pipes. With customer centricity and employee growth being our focus areas.
4)What is the target price of Prakash pipes share in 2025?
As per our updated research it can be doubled by next year end. So we are expecting target Price of 1050 by 2025.