2 questions in my mind -
Other PIPE companies are in inventory losses where as this company did handsome profits. Is this something fishy?
Promoter is buying stakes continuously. On the other hand they are pledging their shares. Why such contradiction?
Everyday i am getting notifications for the release of pledge by management, now only 1.2% is remaining. I think that will also be released soon. Good move by management and seems like market is appreciating it.
Promoters Pledged % showing in screener is 38.06% & in ticker 36%
Screener is not updated i guess. Here is the notification given to the exchanges:
Have been receiving these updates frequently in last one or so month.
All pledged shares have been released.
No recent activity on this thread.
Does anyone think PPL to be a good investment? I see the stock has given 100% run up in last one year with FIIs starting to notice it.
Ved Prakash is continuously buying shares from open market almost everyday. Everyday he is buying 2500 shares. Maybe something interesting is happening. They have added 1 packaging line recently.
Company undervalued in my opinion.
Good fundamentals.
Disc: Invested
I donât know why but feeling something fishy, past some cases are there on promoter .
Invt. - tracking position
This company gives consistantly good results. Either division, PVC or flexible pipes perform. In 2 years stock price is 3.5x but profit also doubled hence PE still reasonable. Co also gives devidend, they do small capex, cashflow also ok and promoter increased their share. Seems good.
Disc: Holding since 2 years and views are biased.
Edit: Company is not doing concall, not much information is available and there is coal case pending - status unknown so far. Investor need to consider this as well.
Anyone attended AGMâ24 or has any notes of it?
The financials look healthy for the company with consistent growth in sales and profits. Good levels of ROE and ROCE, D/E is reasonable. I donât understand why the stock is consistently being hammered. Why is the market disregarding the good performance of the company?
IMO it is due to the promoterâs past, overall market sentiment towards,mid,small,micro caps, yoy pat was flat and almost all pvc/cpvc pipes companies are down a lot form the top. Bottoms up the company still may have potential.
what is the reason for this continuos fall?. Is there some big reason for more than a 50% fall since december 2024. The red flags I have observed are related to the promoter but is there any cause that warrants this fall.
Disc: Invested at average price of 290
Yes. Sector itself too weak.
Promoter has no strategy to allocate excess cash in the BS.
Both business verticals pretty weak. Promoter not only has CG issues but also lacks vision
âInter-corporate loan of Rs. 75 Crores to Prakash Industries Limited (PIL), a promoter
group entity towards meeting its General Corporate purposes and working capital
requirements.â
This is what bad corporate governance looks like. I was always worried what they will do with so much cash and then they did this 
Yes, these guys seem to be promoters with no mission or vision. Just happy with no ethical growth even if they are in land of opportunities
Retail investor have to be careful with Prakash industries and Prakash pipes I have invested in 2017/18 in Prakash industries and have posted in this forum also. Legally until proven nobodyâs is guilty so iam not posting in detail only remind retail investor to do due diligence before investing
