Prakash Steelage Limited is an India-based stainless-steel solutions company. The Company is a manufacturer as well as exporter of stainless steel, welded pipes and tubes. The Company operates through the Manufacturing and Trading of Stainless-Steel Tubes & Pipes segment. The Company’s products include S.S. welded pipes, S.S. large diameter-pipes (EFW), S.S. welded tubes, S.S. welded instrumentation tubes (small OD), SS welded heat exchanger tubes, condenser tubes and tubes for critical application, and S.S. welded EFW pipes. It serves various industry sectors, such as condensers, pharmaceuticals, pumps and valves, automobile industries, breweries, chemical and fertilizers, and boilers.
PRAKASH STEELAGE Financial Highlights
- Revenue: PRAKASH STEELAGE reported revenue of ₹580.16 crore in FY16 vs ₹1,135.30 crore in FY15. It showed a decrease of 48.90% on a yearly basis.
- Operating Profit: PRAKASH STEELAGE reported an operating loss of ₹109.08 crore in FY16 vs ₹11.79 crore in FY15. It showed a decrease of 1,025.19% on a year-on-year basis.
- Net Profit: PRAKASH STEELAGE reported a net loss of ₹87.89 crore in FY16 vs ₹14.71 crore in FY15. It showed a decrease of 697.48% on a yearly basis.