Steel & Iron Products
|Market Cap||107 Cr||EPS||-5.0||High||7|
|Stock P/E||0.0||Net Profit Margin||72.4||Low||6.9|
|Market Cap||107 Cr||ROE||11.6%|
|P/B Ratio||-3.7||Dividend Yield||0.0%|
|Industry P/E||29.1||Book Value||-1.7|
About the Company
Prakash Steelage Limited, a Prakash Group company was incorporated on May 9, 1991 under the Companies Act, 1956 as ‘Prakash Steelage Private Limited’ vide Certificate of Incorporation issued by the Registrar of Companies, Maharashtra, Mumbai The Company was later converted into a public company and the name was changed to ‘Prakash Steelage Limited’, pursuant to a shareholders resolution dated July 7, 1997 and received a Certificate of Change of Name on August 12, 1997. The promoters of the company are Mr. Prakash C. Kanugo and Mr. Ashok M. Seth.
Prakash Group was started in the year 1976 and has 30 years of track record of stability, trust & growth. From trading to manufacturing value added steel products, PSL has pre-eminent position in importation, stocking and supplying Flat and Long Stainless Steel segment in India.
The company first started off with trading activity i.e; trading in the stainless steel sheets, coils and plates. Subsequently it started its own manufacturing activity in the year 1996 by setting its first plant in the Union Territory of Dadra and Nagar Haveli with a capacity of 4000 MT per annum of welded stainless steel and seamless pipes & tubes. Considering the huge demand and future business potential it subsequently started its second unit at Umbergaon, Gujarat by setting a state of art manufacturing plant with the capacity of 8200 MT of welded stainless steel and seamless pipes & tubes in the year 2007. The company is amongst the premier and an established manufacturer of a wide range of SS pipes and tubes.
The company is a “Govt. Recognized Star Export House” exporting to several MNC’s into more than 40 countries across the Globe. Its products are exported to Countries round the globe. It export its products to Countries like North America, South East Asia, Africa, Middle-East and Europe. It enjoys credible relationship with Aminco China LLC (China), A. Hadi (Saudi Arabia), Bronswerk Heat Transfer BV Nijkerk, (Netherlands), CT Co. (Egypt), Cunado (Spain), Gea process engg. SPA., Ssna, LLC (USA), S.A.S, (Norway), Serck Service Ltd. (Dubai) and STI Ltd., (UK).
Prakash Steelage Ltd. specializes in meeting specific requirements of customers and offers complete solution for stainless steel welded & seamless pipes and tubes. The different products manufactured by the Company includes the following. The product varies depending on its type, shape and size.
- S.S. Welded Tubes
- S.S. Welded Pipes
- S.S. Efw Pipes
- S.S. Seamless Tubes
- S.S. Seamless Pipes
- U Bend Tubing
- S.S. Grades
The company’s top ten client base based on the sales value of the products supplied to them for the year ended March 31, 2010 are as follows:
- BGR Energy Systems Limited
- Bharat Heavy Electrical Ltd. Hyderabad
- KBK Chemie Ltd.
- Chandan Steel Ltd.
- Kudos Chemie Ltd.
- Mojj Engineering Systems Ltd.
- Praj Industries Ltd.
- Steelage Overseas Private Ltd.
- Unitech Machine Ltd.
- Top Honest INC.
- 1991 - Incorporation of the Company
- 1996 - Started our first manufacturing unit at Silvassa with a capacity of 4000 MTPA
- 1997 - Converted into a public limited company
- 2002 - Awarded with ISO 9001 : 2000 for our unit at Silvassa
- 2005 - Recognized as Export house by the Government.
- 2007 - Awarded with ISO 9001 : 2000 for our unit at Umbergaon
- 2007 - Started our second ‘state of the art’ manufacturing facility at Umbergaon with a capacity of 8200 MTPA.
- 2007 - Winner of Good housekeeping competition by Directorate of Industries safety & health, Government of Gujarat
- 2008 - Certified as PED (Pressure Equipment Directive), AD – 2000 – Merkbatt W O EIL, Llyods & IBR Approved Company
- 2008 - Awarded with TUV Certificate for our unit at Umbergaon by TUV Rheinland Industrie Service GmbH, Cologne, Germany
- 2009 - Awarded with TUV Certificate for our unit at Silvassa by TUV Rheinland Industrie Service GmbH, Cologne, Germany
- 2009 - Awarded with BS OHSAS 18001-2007 by RINA SpA, Genova, Italy
- 2009 - Awarded with ISO-14001-2004 by RINA SpA, Genova, Italy
- 2010 - Recognised as Star Export House by Government of India
- 2010 - Vendor Approval from Kuwait National Petroleum Company (Kuwait)
- It is an ISO 9001-2008 certified Company, with a legacy of over 19 years of presence in the industry.
|Parent Organization||Prakash Steelage Ltd.||Managing Director||Prakash C Kanugo|
All values are in Rs Cr
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