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Prakash Steelage Share Price Target 2024, 2025, 2026 to 2039 With Charts
Prakash Steelage Limited | |||
 | Symbol: PRAKASHSTL | ||
| Price: ₹9.1 | |||
| Exchange: NSE | |||
| Basic Materials -> Steel | |||
Show Table of Contents
Table of Contents
- 1: Prakash Steelage Brief Company Overview
- 1.1: Prakash Steelage Limited: A Leading Manufacturer and Trader in India
- 1.2: Prakash Steelage Financial Performance
- 1.2.1: Is Prakash Steelage A Good Buy For Long Term?
- 2: Approach 1: Technical Analysis Paired With Price Action
- 2.1: Prakash Steelage Share Price Target For 2024
- 2.1.1: Prakash Steelage Share Price Target Table For 2024
- 2.1.2: Summary: Prakash Steelage Share Price Prediction For 2024
- 2.2: Prakash Steelage Share Price Target For 2025
- 2.2.1: Prakash Steelage Share Price Target Table For 2025
- 2.2.2: Summary: Prakash Steelage Share Price Prediction For 2025
- 3: Approach 2: Machine Learning By Studying Historical Prices
- 3.1: Prakash Steelage Long Term Share Price Prediction Chart From 2024, 2025, 2026 to 2039
- 3.2: Prakash Steelage Share Price Target Table From 2024, 2025, 2026 to 2039
- 4: Prakash Steelage Past Performance
Prakash Steelage Brief Company Overview
Prakash Steelage Limited: A Leading Manufacturer and Trader in India
Established in 1991, Prakash Steelage Limited is a reputable manufacturer and trader of stainless steel products in India, serving diverse industries.
Key Products and Services:
- Welded pipes
- Tubes
- U-tubes
- Equipment sector components
Market Presence:
Prakash Steelage Limited has a strong market presence both in India and internationally. They export their products to customers in North America, South East Asia, Africa, the Middle East, and Europe.
Commitment:
The company is committed to providing high-quality products and exceptional customer service, maintaining its reputation as a reliable partner in the industry.
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Prakash Steelage Financial Performance
| Metric | Value | Description |
|---|---|---|
| Market Capital | 161 Crore | Market valuation of Prakash Steelage's shares. |
| Revenue (TTM) | 111.41 Crore | Total revenue generated by Prakash Steelage over the past twelve months. |
| Net Income (TTM) | +22.91 Crore | Net Profit or Loss after all the expenses over the past twelve months. |
| Operating Margin | 4.27% | Income from operations as a percentage of revenue, before taxes and interest. |
| Profit Margin | 20.56% | Net income as a percentage of revenue, after all expenses. |
| Revenue Growth (Quarterly) | -5.3% | Change in revenue compared to the previous quarter. |
| Earnings Growth (YOY Quarterly) | -39.6% | Change in earnings compared to the same quarter last year. |
| Debt-to-Equity (D/E) Ratio | -0.91 | Company's total debt divided by total shareholder equity. |
| Total Debt | 25.61 Crore | Sum of Prakash Steelage's current & long-term financial obligations. |
| Total Cash | 93.33 Lakh | Total amount of liquid funds available to Prakash Steelage. |
| Beta | 0.83 | Beta is less than 1 indicating that the Prakash Steelage's price is less volatile than the market. |
Is Prakash Steelage A Good Buy For Long Term?
Prakash Steelage is a smallcap stock with a 108.79% return over the past 12 months. However, its recent performance has been mixed, with a -39.6% change in earnings and a -5.3% change in revenue compared to the same quarter last year and the previous quarter respectively. Despite this, the company has a healthy profit margin of 20.56% and a low debt-to-equity ratio. Overall, while the stock has performed well over the past year, its recent performance and high debt levels suggest it may not be a good buy for long-term investors.
To predict the Prakash Steelage's future market prices, we harnessed 2 dynamic approaches:
Approach 1: Technical Analysis Paired With Price Action
Approach 2: Machine Learning By Studying Historical Prices
Approach 1: Technical Analysis Paired With Price Action
Prakash Steelage Share Price Target For 2024
The line chart displays the monthly closing prices of Prakash Steelage with a black line. The green line shows three potential target prices for 2024, while the red line indicates three potential Stop Loss levels.
For detailed target and stop loss values for Prakash Steelage shares in 2024, see the table below.
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Prakash Steelage Share Price Target Table For 2024
| Prakash Steelage's Levels | Value | Reason/Importance |
|---|---|---|
| 2024 Target 3 | 9.67 (+6.26%) | Price Action: 13 Aug 2024 High |
| 2024 Target 2 | 9.57 (+5.16%) | Price Action: Oct 2015 Low |
| 2024 Target 1 | 9.42 (+3.51%) | Technical Indicator: MA50 |
| Current Price | 9.10 | Prakash Steelage's 1 share price as of Fri 06 Sep 2024 |
| Stop Loss 1 | 8.94 (-1.76%) | Price Action: 19 Aug 2024 Low |
| Stop Loss 2 | 8.85 (-2.75%) | Price Action: Jun 2013 Low |
| Stop Loss 3 | 8.75 (-3.85%) | Price Action: May 2024 Low |
Summary: Prakash Steelage Share Price Prediction For 2024
In summary, Prakash Steelage has declined by ₹-0.55, recording a notable -5.70% decrease from 1st January 2024 to 06 Sep 2024. Despite the setback, our analysis of Prakash Steelage for 2024 predicts an additional rise of 3.51% to 6.26% by the end of 2024 with three potential targets T1: 9.42, T2: 9.57, T3: 9.67. Stop Loss at SL1: 8.94, SL2: 8.85, SL3: 8.75.
Prakash Steelage has a 52-week high of ₹16.20, acting as a crucial resistance level - a ceiling that could challenge further price increase. Conversely, it has a 52-week low of ₹4.90, a critical support level - think of this as a safety net where the price might stop falling.
After looking at 2024's share price prediction, let's now check what 2025 might hold for Prakash Steelage.
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Prakash Steelage Share Price Target For 2025
The line chart displays the monthly closing prices of Prakash Steelage with a black line. The green line shows three potential target prices for 2025, while the red line indicates three potential Stop Loss levels.
For detailed target and stop loss values for Prakash Steelage shares in 2025, see the table below.
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Prakash Steelage Share Price Target Table For 2025
| Prakash Steelage's Levels | Value | Reason/Importance |
|---|---|---|
| 2025 Target 3 | 17.31 (+90.21%) | Price Action: Chart |
| 2025 Target 2 | 16.99 (+86.7%) | Price Action: Chart |
| 2025 Target 1 | 16.82 (+84.83%) | Custom Fibonacci Extension Lvl 64.9% |
| Current Price | 9.10 | Prakash Steelage's 1 share price as of Fri 06 Sep 2024 |
| Stop Loss 1 | 7.22 (-20.66%) | Price Action: Chart |
| Stop Loss 2 | 7.15 (-21.43%) | Price Action: Chart |
| Stop Loss 3 | 7.02 (-22.86%) | Price Action: Chart |
Summary: Prakash Steelage Share Price Prediction For 2025
In summary, Prakash Steelage has declined by ₹-0.55, recording a notable -5.70% decrease from 1st January 2024 to 06 Sep 2024. Despite the setback, our analysis of Prakash Steelage for 2025 predicts an additional rise of 84.83% to 90.21% by the end of 2025 with three potential targets T1: 16.82, T2: 16.99, T3: 17.31. Stop Loss at SL1: 7.22, SL2: 7.15, SL3: 7.02.
Prakash Steelage has a All-Time high of ₹22.55, acting as a crucial resistance level - a ceiling that could challenge further price increase. Conversely, it has a 52-week low of ₹4.90, a critical support level - think of this as a safety net where the price might stop falling.
After looking at 2024's and 2025's share price prediction, you might wonder what are short term targets for Prakash Steelage, we have created a specific page for that check here: Prakash Steelage Share Price Target For Tomorrow & Next Week
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Approach 2: Machine Learning By Studying Historical Prices
Prakash Steelage Long Term Share Price Prediction Chart From 2024, 2025, 2026 to 2039
This chart presents a detailed projection of Prakash Steelage share price predictions from 2024, 2025, 2026 to 2039. This share price Prediction represents a CAGR of 8.99% over the next 15 years.
For complete year by year Prakash Steelage long term share price target from 2024, 2025 to 2039 check the below table.
Prakash Steelage Share Price Target Table From 2024, 2025, 2026 to 2039
| Year | Prakash Steelage Target | YoY Change % |
|---|---|---|
| 2024 | ₹9.1 | [Current Price] |
| 2024 | ₹9.17 | 0.76% |
| 2025 | ₹10.93 | 19.19% |
| 2026 | ₹14.57 | 33.3% |
| 2027 | ₹13.39 | -8.1% |
| 2028 | ₹14.3 | 6.79% |
| 2029 | ₹16.07 | 12.44% |
| 2030 | ₹18.07 | 12.43% |
| 2031 | ₹23.01 | 27.26% |
| 2032 | ₹20.34 | -11.61% |
| 2033 | ₹21.03 | 3.39% |
| 2034 | ₹22.99 | 9.32% |
| 2035 | ₹25.24 | 9.78% |
| 2036 | ₹31.45 | 24.6% |
| 2037 | ₹27.28 | -13.26% |
| 2038 | ₹27.75 | 1.72% |
| 2039 | ₹30.6 | 10.27% |
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Prakash Steelage Past Performance
- In 2010, Prakash Steelage opening price was ₹21.5
- As of Fri 06 Sep 2024 the price stands at ₹9.1.
- This represents a Compound Annual Growth Rate (CAGR) of -5.57%.
- In 14 years, an investment of 10,000 would have become ₹4,232.55.
As we wrap up, we hope you like our study on Prakash Steelage share price predictions, please kindly note that these forecasts are based on technical analysis, past trends, and machine learning models. They are for educational purposes only, not investment advice.
Show Methodology We Use
Methodology Behind the Prediction
The share price predictions present on our site are derived from a robust model that incorporates multiple economic indicators, technical indicators, company performance metrics, and industry-specific factors.
We have historical share price data of all stocks for which we present targets, so we analyse historical trends from those past data and overlay them with projected market conditions to estimate future share prices of a stock.
Disclaimer: Information is provided 'as is' and solely for informational and educational purposes, not for trading purposes or advice. We highly recommend to do your own research before making any investment.
