Prakash Pipes Ltd

Prakash Pipes Limited: Trading Window Closure from 1st October, 2026 till 48 hours after the Board Meeting for the financial results for the period ended 30th September, 2026

Financial highlights

• FY26 revenue from operations ₹788.71 crore, up from ₹780.48 crore in FY25.
• EBITDA ₹75.85 crore, margin 9.62%.
• PAT ₹43.26 crore; EPS ₹18.09.
• Total dividend per share ₹3.40; interim ₹1.00, final ₹2.40.
• PVC volumes 48,118 MT; Flexible Packaging 16,605 MT.

Operational performance

• PVC pipes and fittings volume: 48,118 MT, up ~13% YoY.
• Flexible packaging volume: 16,605 MT, up ~7% YoY.
• PVC Pipe and Fittings revenue ₹42,426 lakh; Flexible Packaging revenue ₹36,445 lakh.
• In-house fleet supports On Time in Full deliveries.

Strategic investments & sustainability

• 26% equity stake in BECIS Solar 3 Private Limited.
• 9 MW solar plant to supply Kashipur production unit.
• Renewables; wastewater recycling; zero liquid discharge initiatives.

CSR & governance

• CSR expenditure ₹180.30 lakh; obligation ₹174.11 lakh; surplus ₹6.19 lakh for set-off.
• CSR policy and activities on company website.
• CSR committee oversees programs and impact reporting.

Capital structure & liquidity

• Total borrowings ₹1,917 lakh; cash₹5,570 lakh; net debt negative ₹36.53 crore.
• Current ratio 2.11x; debt-equity 0.01x; ROE 9.04%.
• Equity capital ₹2,392 lakh; total equity ₹47,877 lakh.

Audit, governance & risk

• Statutory auditors re-appointed for five years to 2028.
• Secretarial auditor appointed; cost auditor appointed for 2026-27.
• Board of 6 directors; independent directors 3; two women independent.

Outlook & risks

• FY27 PVC pipe growth projected 10-12%; resin price volatility a risk.
• Flexible packaging growth expected ~11%; e-commerce and sustainability.
• Capex expansion planned in phases to raise capacity.

Record date and dividend details

• Record Date: 16-09-2026 for entitlement to proposed dividend FY2025-26.
• Security type: Equity Shares.
• Dividend subject to declaration at AGM on 30-09-2026.

AGM details

• AGM scheduled for 30 September 2026 at 5:00 PM via VC/OAVM.
• Remote e-voting opens 27 Sept 2026 at 09:00 and closes 29 Sept 2026 at 17:00.
• Members on record date 23 Sept 2026 are eligible to vote.
• Access to e-voting via CDSL platform during the period.

Financial highlights

• Net sales: ₹241 crore; EBITDA ₹27 crore; PAT ₹16 crore; EPS ₹6.87.
• YoY growth: net sales +19%, EBITDA +47%, PAT +59%.
• Packaging division volume rose to 4,980 MT; exports 1,468 MT, up 195% YoY.

Divisional performance and expansion

• PVC Pipes & Fittings volume: 11,421 MT; 14,115 MT prior year.
• Expansion plan: packaging capacity to double by March 2027.

Financial results

• Unaudited Q1 FY2027 results for quarter ended 30 June 2026 approved.
• Net sales ~₹241.5 crore; EBITDA ~₹27 crore; PAT ~₹16.4 crore; EPS ₹6.87.
• YoY growth: net sales up 19%, EBITDA up 47%, PAT up 59%.

Capex and capacity expansion

• Capital expenditure of ~₹100 crore approved for Kashipur Flexible Packaging expansion.
• Expansion targets 26,400 MTPA; completion by March 2027.
• Financing via debt and/or internal accruals.

Senior Management appointments

• Narinder Kumar Ahuja appointed President, PVC Pipes & Fittings, effective 14 Aug 2026.
• Anil Agarwal appointed President, Flexible Packaging, effective 14 Aug 2026.
• Kiran Pal Singh appointed Sr. Vice President, PVC Pipes & Fittings, effective 14 Aug 2026.

Regulatory/compliance and associate note

• Independent Auditor's Review Report states no material misstatement.
• Results reviewed by Audit Committee and Board.
• Associate investment: 26% stake in BECIS Solar 3 Pvt Ltd; not consolidated.

Meeting Details

• Date: 14 August 2026; Time: not disclosed; Location: New Delhi.

Key Agenda Items

• Consider unaudited financial results with limited review for quarter ended 30 June 2026.

Other Notes

• Trading window for designated persons remains closed until 48 hours after results are made public.