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Prakash Pipes Limited (PPL) Fair Value & Analysis

Industrials · IN · Market cap ₹6.5B (≈ $68.8M) · ISIN INE050001010

What is Prakash Pipes Limited really worth?

PP Prakash Pipes Limited PPL · BSE
Price₹262.80
Fair Value₹361.03
Upside+37.4%
Quality42/100

Below-average quality, trading 27% below our fair value of ₹361.03.

As of Aug 23, 2026, the fair value of Prakash Pipes Limited is ₹361.03 per share against a price of ₹262.80, so the fair value sits 37% above the price. A model estimate blended from multiple valuation models, recalculated regularly.

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Risks

!Expensive Growth (revenue 5y +84.0 %/yr)
!Thin margins · 5.5% net margin
!Low debt · negative free cash flow
!Trails peers (5/14)
!Narrow moat 41/100
Evidence: High Range ₹270.73 – ₹451.34

Fair value as of: Aug 23, 2026

From 15 valuation models · updated 14 days ago

Share price −0.8% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The large discount to fair value meets weak quality (42/100). That raises the risk this is a value trap rather than a bargain.
  • The price is below even our cautious bear case (₹270.73). The market is more pessimistic than our downside scenario.

Price vs Fair Value (5 years)

₹639.57 ₹121.24 Fair Value ₹361.03 May 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 23, 2026.

How to read this chart

60‑month range ₹121.24 – ₹639.57 · fair‑value band ₹270.73 – ₹451.34 · the ₹262.80 price screens below the ₹361.03 fair value. Dashed = 300-day average. As of Aug 23, 2026.

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Analysis

Prakash Pipes Limited (PPL) currently trades at ₹262.80, while our model-based Fair Value estimate is ₹361.03, implying the stock looks roughly 27.2% undervalued today. The Quality Score stands at 42/100 (below-average quality), in the Industrials sector. Bull case: the Growth Earnings group reads highest at a median of ₹828.00 per share, and 11 of the 15 models we run sit above the ₹262.80 price. Bear case: the Asset-Based group reads lowest at ₹134.11, and 4 of the 15 models stay below the price. Evidence for this calculation is high.

Over the trailing twelve months, Prakash Pipes Limited generated revenue of ₹7.9B at a net margin of 5.5%. Revenue grew 22.0% year over year. It earns a return on equity of 9.4%. Net debt stands at ₹4.5M. Fundamentals as of Aug 23, 2026

Our scenario range runs from ₹270.73 (bear case) to ₹451.34 (bull case); at ₹262.80, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 29% below its 52-week high and 61% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at −29% fair-value upside, at 37%, PPL screens cheaper than that median.

Fair Value models

This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly ₹12.35 per share, which is 3.4 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
EPV ₹126.20 ₹145.08 ₹161.37 74
Residual Income ₹168.81 ₹183.38 ₹236.61 74
ROIC Compounder ₹126.20 ₹145.08 ₹161.37 70
All 15 models by family
DCF Models
Owner Earnings ₹217.89 ₹474.83 ₹994.39 68
Earnings-Based
Graham-Dodd ₹122.99 ₹857.70 ₹1,204 61
Lynch FV ₹443.12 ₹633.03 ₹822.94 59
PEG = 1.0 ₹443.12 ₹633.03 ₹822.94 55
EPV ₹126.20 ₹145.08 ₹161.37 74
Multiples
P/E Multiple ₹284.86 ₹379.82 ₹474.77 63
P/S Multiple ₹230.60 ₹307.47 ₹384.34 58
P/B Multiple ₹230.60 ₹307.47 ₹384.34 55
EV/EBIT ₹282.70 ₹374.73 ₹466.75 66
EV/EBITDA ₹277.55 ₹367.85 ₹458.16 67
EV/Revenue ₹203.67 ₹288.12 ₹372.56 54
Asset-Based
NCAV (Graham) ₹100.08 ₹134.11 ₹200.17 54
Economic Profit
Residual Income ₹168.81 ₹183.38 ₹236.61 74
ROIC Compounder ₹126.20 ₹145.08 ₹161.37 70
Growth Earnings
Growth-Adj P/E ₹579.60 ₹828.00 ₹1,076 65

Widest divergence: Growth Earnings (₹828.00) versus Asset-Based (₹134.11). Highest evidence: EPV (74).

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Key figures & financial health

P/E ratio 14.5
P/S ratio 0.80 P/E × margin
EPS (TTM) ₹18.10 price ÷ EPS = P/E 14.5
Dividend yield 1.3% payout 18.2%
Net margin 5.5% FY2025
Return on equity 9.4% TTM
More key figures
Profitability
Return on assets (EBIT) −9.6% avg 5y
Operating margin 5.9% TTM
Growth
Revenue (TTM) ₹7.9B TTM
Revenue growth (YoY) +22.0% 3y avg +3.6%
EPS growth (YoY) +32.1%
Balance sheet & cash flow
Free cash flow −₹38.6M FY2025
Net debt ₹4.5M FY2025

Figures from reported company fundamentals · as of Aug 23, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 42/100

Of which business quality 45 · Market factors (momentum, volatility) 51

Profitability 57
Margins and returns on capital today
Quality Growth 40
Are margins and returns improving?
Cashflow 9
Earnings quality: real cash, not paper profit
Fin. Strength 80
Balance sheet, leverage, solvency risk
Investment 32
Disciplined investing over empire-building
Low Volatility 68
Calm price path (market factor)
Momentum 51
Price trend over the last 3–12 months (market factor)
52W Momentum 31
Distance to the 52-week high (market factor)
Net Issuance 42
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Prakash Pipes Limited manufactures and sells PVC pipes and fittings, and flexible packaging products in India and internationally. It offers unplasticised PVC (uPVC) pipes; casing pipes; plumbing uPVC pipes; column pipes; soil waste rain pipes; and uPVC fittings for use in irrigation, drainage, housing, and sanitation applications.

Full company description

Prakash Pipes Limited manufactures and sells PVC pipes and fittings, and flexible packaging products in India and internationally. It offers unplasticised PVC (uPVC) pipes; casing pipes; plumbing uPVC pipes; column pipes; soil waste rain pipes; and uPVC fittings for use in irrigation, drainage, housing, and sanitation applications. The company provides flexible packaging products, such as barrier films and laminates for use in packaging application of fast-moving consumer goods, food, beverages, infrastructure, and pharmaceutical products. It offers its products under the Prakash brand name. Prakash Pipes Limited was founded in 1981 and is based in New Delhi, India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Prakash Pipes Limited reported revenue of ₹7.9B in FY2025 versus ₹6.2B in FY2021, a compound +6.3%/yr. Reported net income was ₹433M in FY2025, compounding −1.9%/yr from FY2021.

Growth Quality 58/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
₹7.9B
Latest YoY
+1,577,320.0%
Avg. revenue growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+3.6%
Avg. revenue growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+84.0%
Avg. revenue growth/yr (9Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+42.8%
Value creation/yr (3Y, in INR) Earnings growth per share (CAGR 3 years) plus dividend yield: value created per share and year. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
−8.5% · in INR
Earnings growth per share plus dividend yield: the value created per share and year.
Earnings growth per share−9.8%
Dividend yield1.3%
Operating margin (EBIT) Operating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.2.7% (2020) → 6.6% (2025) · rising
Worst earnings drop104% (2024) (loss year, drop beyond 100%) · in INR
Revenue +6.3%/yr
FY21 ₹6.2B
FY22 ₹7.1B
FY23 ₹600K
FY24 ₹500K
FY25 ₹7.9B
Net income −1.9%/yr
FY21 ₹468M
FY22 ₹713M
FY23 −₹17.8K
FY24 −₹212K
FY25 ₹433M

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Cite: Fair Value Calculator (2026). "Prakash Pipes Limited Fair Value". https://www.fairvalue-calculator.com/stock/PPL.BSE

Peer Group

Building Products & Equipment · 242 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 42 · Bottom 25%
Fair Value upside −20% · Above median
Return on equity (TTM) 9% · Above median
Return on assets 5% · Above median
Net margin (TTM) 5% · Above median
Operating margin (TTM) 6% · Below median
Revenue growth 22% · Top 25%
Dividend yield (TTM) 1.3% · Below median
Debt / equity 0.01× · Lower than 75% of peers

Valuation Multiples vs Building Products & Equipment median · lower = cheaper

P/E (TTM) 14.5× · Cheaper than median
P/B 1.36× · Pricier than median
P/S (TTM) 0.82× · Cheaper than median
EV/EBITDA 9.5× · Pricier than median

Strength profile in five axes (Snowflake)

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 0
FUTURE54 · sector 32
PAST33 · sector 39
HEALTH40 · sector 52
DIVIDEND63 · sector 66

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Building Products & Equipment stocks, each showing price versus our Fair Value estimate (as of Aug 23, 2026).

Stock Price Fair Value vs Fair Value
Trane Technologies plc TT $454.31 $208.50 −54%
Johnson Controls International plc JCI $142.23 $44.75 −69%
Carrier Global Corporation CARR $57.25 $16.85 −71%
Compagnie de Saint-Gobain S.A SGO €81.20 €97.97 +21%
Geberit AG GEBN CHF 577.80 CHF 307.66 −47%
Lennox International Inc LII $377.25 $363.09 −4%
Kingspan Group KRX €87.30 €66.79 −23%
Masco Corporation MAS $74.64 $53.22 −29%
Carlisle Companies Incorporated CSL $356.53 $340.70 −4%
BELIMO Holding BEAN CHF 878.50 CHF 227.18 −74%

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Frequently asked questions

Is Prakash Pipes Limited (PPL) overvalued or undervalued?
As of Aug 23, 2026, our model estimates a fair value of ₹361.03 versus a price of ₹262.80, about +37% upside (undervalued).
What is the fair value of PPL?
Our model-based fair value for Prakash Pipes Limited is ₹361.03 (as of Aug 23, 2026), built from audited fundamentals. The current price: ₹262.80.
What is the quality score of PPL?
Prakash Pipes Limited has a Quality Score of 42/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Prakash Pipes Limited (PPL)?
Our model-based price target is the fair value of ₹361.03 (as of Aug 23, 2026) from 15 valuation models. Cautious scenario ₹270.73, optimistic scenario ₹451.34. It is a calculation from audited fundamentals, not an analyst target.
What is the Prakash Pipes Limited stock forecast for 2026?
Our models put fair value at ₹361.03, about +37% upside versus a price of ₹262.80 (undervalued). Cautious scenario ₹270.73, optimistic scenario ₹451.34. The calculation is refreshed regularly with new filings.
What is the revenue of Prakash Pipes Limited (PPL)?
Prakash Pipes Limited reported trailing-twelve-month revenue of about ₹7.9B (latest available figure, as of Aug 23, 2026).
What is the net profit margin of PPL?
The net profit margin of Prakash Pipes Limited is about 5.5%, meaning it keeps roughly 5.5% of revenue as net income. Based on the latest reported figures.
Does Prakash Pipes Limited pay a dividend?
Prakash Pipes Limited currently shows a dividend yield of about 1.25% relative to its recent price (as of Aug 23, 2026).
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