Prakash Pipes Ltd. – Company Report
1. Company Overview
Prakash Pipes Ltd., established in 2017 and headquartered in New Delhi, is a leading Indian manufacturer of PVC pipes, fittings, and flexible packaging solutions. With strong industry roots and leadership under Ved Prakash Agarwal, the company has scaled rapidly through technological investments and strategic distribution. It operates a fully integrated facility in Kashipur, Uttarakhand, spanning over 60 acres and equipped with modern automated machinery.
Formed as a demerged entity from Prakash Industries Ltd., Prakash Pipes has built a robust presence in the infrastructure and consumer packaging sectors. Its products are distributed via a network of 600+ dealers and retailers across India and exported to several international markets.
Key Highlights:
- Incorporated: 2017
- Headquarters: New Delhi, India
- Managing Director: Kanha Agarwal
- Promoter: Ved Prakash Agarwal
- Facility Location: Kashipur, Uttarakhand
- Certifications: ISO 9001:2015, ISO 22000:2018, BRCGS Packaging
- Market Cap (July 2025): ~₹932 crore
- Employees: 500+
- Export Reach: Asia-Pacific, Africa, Middle East
- Sustainability: Over 50% of plant area allocated for green initiatives
2. Products and Services
Prakash Pipes operates in two main business segments: PVC Pipes & Fittings and Flexible Packaging.
PVC Pipes & Fittings
- Agri pipes, column pipes, casing pipes, plumbing, SWR pipes, garden pipes
- Complete range of associated PVC fittings
- Applications: Irrigation, water supply, sanitation, and infrastructure projects
Flexible Packaging
- Barrier films, multi-layer laminates, pouches, HSL-coated and foil-sealed solutions
- Industries Served: Food, beverage, personal care, pharma, oil, home products
- Backward integrated into PE film and ink manufacturing
Technological Edge
- Nordmeccanica Supercombi 5000 Laminator (Commissioned Sept 2024): Enables adhesive lamination, HSL coating, cold seal/foil lamination
- BOBST VISION RS 5003 Rotogravure Press (Operational from June 2025): Enhances quality, volume, and efficiency of printed packaging
- Continuous investment in automation and innovation to reduce costs and boost quality
Clientele
- Trusted by top Indian brands: Patanjali, Anmol, Cremica, Creambell, Cornitos, and others in FMCG and healthcare sectors
3. Recent News and Financial Performance
Business Developments
- Packaging Capacity & Technology Upgrade (September 2024):
- Commissioning of Nordmeccanica laminator and BOBST printing press.
- Focused growth in high-margin, value-added packaging.
- Prakash Pipes commissions first Bobst machine (June 2025):
- Prakash Pipes Ltd., has taken a significant step forward in its packaging division by commissioning its first BOBST machine – the VISION RS 5003 Rotogravure Printing Press.
- This strategic investment marks a new chapter for the company, enabling it to deliver enhanced quality and efficiency in flexible packaging production.
- High-Profile Investor Confidence:
- Dolly Khanna increased stake to 4.1% (March 2025), signaling institutional interest
- Governance Updates:
- Minor penalties on RPT disclosures, but transparent exchange communication
- Legacy connection to Prakash Industries promoter involved in earlier legal proceedings; Prakash Pipes Ltd. operates independently and compliantly
4. Financial Performance (FY2025)
| Metric | FY2025 |
|---|---|
| Total Revenue | ₹793 crore |
| Net Profit | ₹83 crore |
| EPS | ₹34.74 |
| Operating Profit Margin | 15.3% |
| Return on Equity (ROE) | 21.0% |
| Dividend Payout % | 7% |
| Debt Position | Virtually debt-free |