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Latest filing: 2026-08-13 13:39
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Note: These are AI-generated, educational summaries of public NSE
filings — grounded in each document, but not investment advice and possibly incomplete.
Verify against the original filing and consult a SEBI-registered adviser before acting.
6 announcements match the current filters (relevance ≥ 5).
Prakash Steelage Approves Q1 FY27 Results and Director Continuation
Prakash Steelage Limited has approved its un-audited standalone financial results for the quarter ended June 30, 2026. The board also recommended the continuation of Mr. Sharad C. Bohra as an Independent Director beyond the age of 75, which requires a special resolution from shareholders. The company remains a micro-cap entity with a market capitalization of ₹67 Cr and operates on extremely thin margins, with a TTM operating profit margin of just 1.9%. Investors should note that while the company is debt-free, its TTM PAT is only ₹1 Cr.
Confidence: HIGH
What changedThe company has finalized its financial performance review for the first quarter of FY27 and initiated a regulatory approval process for a senior board member.
Why it mattersQuarterly results are critical for this micro-cap to demonstrate if its strategy of top-line recovery and liability reduction is translating into better bottom-line performance.
Market Cap: ₹67 CrTTM Revenue: ₹91 CrTTM OPM: 1.9%Director Age Limit Trigger: 75 yearsTTM EPS: ₹0.05
📅 Short termThe stock may see minor volatility as the market absorbs the Q1 FY27 performance figures compared to the previous year's Jun 2025 revenue of ₹16.43 Cr.
📈 Long termLimited; the company faces structural challenges including low pricing power in a fragmented commodity market and high valuation (P/E 79.6).
⚠ Risk flags
- Extremely thin operating margins (1.9%)
- High P/E ratio of 79.6 relative to low earnings
- Micro-cap liquidity and volatility risks
Key Highlights
Board approved un-audited standalone financial results for the quarter ended June 30, 2026
Proposed continuation of Independent Director Sharad C. Bohra beyond the age of 75 years
The board meeting was conducted in a 30-minute window from 1:00 PM to 1:30 PM
Company maintains a debt-free status with a D/E ratio of 0.05 as per latest context
TTM Revenue of ₹91 Cr is approximately 1.35x the current market capitalization of ₹67 Cr
👀 What to Watch
Review the detailed quarterly P&L once published to check if the operating margin has improved from the previous 1.9% and if top-line growth continues toward the 11.6% target.
Prakash Steelage Approves FY26 Audited Results; Appoints New Auditors Amid Audit Qualifications
Prakash Steelage Limited has approved its audited standalone financial results for the quarter and year ended March 31, 2026. The company has appointed M/s. Luniya & Co. as Internal Auditors and M/s. P.K. Patwa & Co. as Cost Accountants for the 2026-27 fiscal year. Notably, the company submitted a 'Statement on Impact of Audit Qualification,' indicating that the auditors have raised specific concerns regarding the financial statements. This suggests potential accounting or reporting issues that investors need to scrutinize.
Key Highlights
Approved audited standalone financial results for the quarter and full year ended March 31, 2026.
Appointed M/s. Luniya & Co. as Internal Auditors for FY 2026-27 to strengthen internal oversight.
Appointed M/s. P.K. Patwa & Co. as Cost Accountants for FY 2026-27, subject to shareholder ratification.
Submitted a formal 'Statement on Impact of Audit Qualification' alongside the financial results.
The Board Meeting commenced at 1:00 p.m. and concluded at 2:30 p.m. on May 28, 2026.
👀 What to Watch
Investors should prioritize reviewing the 'Statement on Impact of Audit Qualification' to understand the specific risks or discrepancies identified by the auditors. Caution is advised until the financial implications of these qualifications are fully clarified.
Prakash Steelage Receives SEBI Show Cause Notice for Alleged LODR Violations
Prakash Steelage Limited has received a Show Cause Notice (SCN) from SEBI dated April 21, 2026, regarding alleged violations of multiple Listing Obligations and Disclosure Requirements (LODR) regulations. The notice cites violations of Regulations 4, 23(9), 33, and 34, which generally pertain to corporate governance, related party disclosures, and financial reporting standards. This action is a continuation of an ongoing SEBI investigation that was previously disclosed by the company on March 28, 2024. The company is currently preparing a formal response to the Adjudicating Officer.
Key Highlights
Received SEBI Show Cause Notice dated April 21, 2026, under Rule 4(1) of SEBI Rules, 1995.
Alleged violations involve multiple LODR sections including Regulation 23(9) for related party disclosures and Regulation 33 for financial results.
The notice is part of an ongoing investigation first intimated to exchanges on March 28, 2024.
Company is required to furnish a response within permitted timelines to the Chief General Manager & Adjudicating Officer.
👀 What to Watch
Investors should remain cautious as the notice suggests potential governance or reporting lapses; monitor for final SEBI orders and potential penalties. The outcome of this adjudication could impact the company's reputation and financial standing.
Prakash Steelage Receives Rs 49.29 Crore Income Tax Demand Notice
Prakash Steelage Limited has received a tax demand notice of Rs 49.29 crore from the Income Tax Department for the Assessment Year 2024-25. The demand arises from the disallowance of certain expenditure claims and deductions, specifically related to the reversal of provisions. The company has stated its intention to file an appeal before Higher Appellate Forums, asserting that it has strong legal grounds to contest the order. While the company expects the demand to be deleted, the significant amount necessitates close monitoring by shareholders.
Key Highlights
Total tax demand of Rs 49.29 crore including applicable interest for AY 2024-25.
Order issued by the Faceless Assessment Unit under Section 143(3) and Section 156 of the Income Tax Act.
Demand is based on disallowances of certain expenditures and reversal of provisions claimed by the company.
Company is in the process of filing an appeal with Higher Appellate Forums to challenge the assessment.
Management believes there are adequate factual grounds to substantiate their position and expects no final financial impact.
👀 What to Watch
Investors should monitor the outcome of the legal appeal as the demand amount is substantial. It is important to track if the company makes any contingent liability provisions in upcoming quarterly results.
Prakash Steelage Q3 FY26 Revenue Up 27% YoY to ₹24.45 Cr; PAT Declines to ₹33.46 Lakhs
Prakash Steelage reported a 27.1% year-on-year growth in revenue from operations, reaching ₹2,445.12 Lakhs for the quarter ended December 31, 2025. Despite the revenue growth, Net Profit after Tax (PAT) fell significantly by 50.5% YoY to ₹33.46 Lakhs, down from ₹67.58 Lakhs in the same period last year. This decline is largely attributed to a sharp increase in the cost of materials consumed, which rose to ₹1,921.71 Lakhs from ₹930.37 Lakhs YoY. However, on a sequential basis, the company showed a recovery in profitability compared to the ₹8.72 Lakhs PAT reported in Q2 FY26.
Key Highlights
Revenue from operations increased to ₹2,445.12 Lakhs in Q3 FY26 from ₹1,924.20 Lakhs in Q3 FY25.
Net Profit after Tax (PAT) stood at ₹33.46 Lakhs, a decline from ₹67.58 Lakhs in the year-ago quarter.
Cost of materials consumed surged to ₹1,921.71 Lakhs, representing nearly 78% of total revenue.
Nine-month (9M FY26) revenue grew to ₹6,504.01 Lakhs compared to ₹5,526.20 Lakhs in 9M FY25.
Basic and Diluted EPS for the quarter decreased to ₹0.02 from ₹0.04 YoY.
👀 What to Watch
Investors should be cautious as rising raw material costs are significantly impacting margins despite strong top-line growth. Monitor the company's ability to pass on these costs to customers in future quarters before making fresh positions.
Prakash Steelage Q3 FY26 Revenue Up 27% YoY to ₹24.45 Cr; Net Profit Drops 50% YoY
Prakash Steelage reported a mixed performance for the quarter ended December 31, 2025, with revenue from operations growing 27% year-on-year to ₹2,445.12 lakhs. However, net profit after tax saw a sharp decline of 50.5% YoY, falling to ₹33.46 lakhs from ₹67.58 lakhs in the previous year's corresponding quarter. On a sequential basis, the company showed a recovery in profitability compared to the ₹8.72 lakhs reported in Q2 FY26. The bottom line was primarily pressured by a significant increase in the cost of materials consumed, which rose to ₹1,921.71 lakhs.
Key Highlights
Revenue from operations increased to ₹2,445.12 lakhs in Q3 FY26 from ₹1,924.20 lakhs in Q3 FY25.
Net profit after tax stood at ₹33.46 lakhs, a decline from ₹67.58 lakhs YoY but an improvement from ₹8.72 lakhs QoQ.
Total expenses rose significantly to ₹2,401.89 lakhs, driven by higher raw material costs of ₹1,921.71 lakhs.
Earnings Per Share (EPS) for the quarter was ₹0.02, down from ₹0.04 in the same period last year.
Nine-month total income reached ₹6,618.78 lakhs compared to ₹5,666.95 lakhs in the previous year.
👀 What to Watch
Investors should exercise caution as the company operates on very thin net margins of approximately 1.3%, making it highly sensitive to raw material price fluctuations. Monitor the company's ability to pass on cost increases to customers in the competitive stainless steel pipe segment.
