Prakash Pipes Ltd. is a prominent manufacturer of PVC pipes, fittings, and flexible packaging products in India. The business was founded by Mr. Ved Prakash Agarwal, who has been engaged in manufacturing PVC pipes, fittings, and flexible packaging since 1981. Over the years, the company has evolved into one of India's leading brands in the PVC pipes and fittings segment.
Incorporated in 2017, Prakash Pipes Ltd. officially operates in the manufacturing of PVC pipes & fittings and flexible packaging, though its business operations trace back to 1981 under the founder's leadership.
Pursuant to a National Company Law Tribunal (NCLT) Order, the PVC Pipe and Packaging Segment of Prakash Industries Limited was demerged into Prakash Pipes Limited (the Resulting Company) with an effective date of 1st April 2018. This demerger allowed Prakash Pipes Ltd. to operate as an independent entity, focusing on its core business segments and ceasing to be a subsidiary of Prakash Industries Limited from the Appointed Date.
The Company's operations are primarily divided into two key segments: PVC Pipes & Fittings and Flexible Packaging. Prakash Pipes Ltd. has established itself as a comprehensive manufacturer catering to diverse market needs across both these segments.
This division manufactures a wide array of products, including Agri Pipes, Column Pipes, Plumbing Pipes, Casing Pipes, SWR Pipes, Garden Pipes, and their related fittings. These products find extensive application in irrigation, drainage, housing, and sanitation. The company's PVC pipes division serves essential infrastructure needs across agricultural, residential, and industrial sectors.
The manufacturing capacity has steadily grown from 2400 MTPA to 55000 MTPA, demonstrating significant expansion capabilities and a growing market presence. Prakash Pipes currently has over 600+ Dealers & Retailers in the PVC pipes & fittings segment, indicating a robust distribution network across India.
Prakash Pipes Ltd. has ventured into the flexible packaging sector with a state-of-the-art plant that conforms to ISO 22000:2005, ISO 9001:2015, and BRC standards. The company manufactures high-performance barrier films and laminates used for packaging food, beverages, oil, personal care, and pharmaceutical products. The company serves approximately 180+ customers in the flexible packaging segment, showcasing its growing presence in this high-potential market.
The company's primary manufacturing plant is located in Kashipur, Uttarakhand. This facility is spread across 60 acres of land, with more than 50% of the area dedicated to afforestation and plantation, reflecting a commitment to sustainable manufacturing practices.
Prakash Pipes Ltd. operates manufacturing facilities in India and sells products in both domestic and international markets. The strategic location in Uttarakhand provides access to key markets and supports the company's export operations.
Prakash Pipes Ltd. is recognized as an undisputed market leader in North India under the Prakash brand, which is respected for its promise of "Lay it, forget it." This brand positioning highlights the company's long-standing focus on quality and durability.
Over the years, "Prakash" has emerged as a trusted brand for PVC Pipes and Fittings, built on consistent product quality and customer satisfaction across its entire product portfolio.
- Market Capitalisation: ₹1,097 Cr (as on 23-May-2025); ₹928 Cr (down -22.5% in 1 year, reported earlier)
- Revenue: ₹780 Cr (on a trailing 12-month basis)
- Profit: ₹83.1 Cr (reported earlier)
- Promoter Holding: 44.41% (as of Dec 2024)
- Operating Revenue (TTM): Rs. 780.48 Cr
- Annual Revenue Growth: 16%
- Pre-tax Margin: 14%
- Return on Equity (ROE): 18%
- Debt to Equity Ratio: 2% (indicating a healthy balance sheet)
- Net Profit (Q3 2024-25): ₹23.11 Cr (a slight fall of -0.13% compared to the same period last year)
The promoter holding in Prakash Pipes Ltd. has shown a slight increase, moving up to 44.41% as of December 2024 from 44.27% as of March 2024. This increase in promoter holding suggests confidence from the founding management in the company's future prospects.
The company demonstrates strong environmental consciousness through various initiatives. It emphasizes environmentally friendly activities, including developing the barren land around its plant into a green belt through tree plantation and initiating land erosion control measures. Measures to enhance bio-productivity and retain soil moisture, such as Rain Water Harvesting Systems and Recycling of Wastewater, are also in place.
On the social front, PPL organizes weekly health camps in its nearby villages with the assistance of its medical team, comprising professional doctors and nursing staff. These camps provide preliminary check-ups and distribute medicines free of cost. Additionally, the company regularly organizes specialized camps for family planning, cancer detection, eye care, and blood donation.
Prakash Pipes Ltd. has undertaken significant capacity expansion at its PVC Pipe & Fittings plant, which is currently in advanced stages of implementation. The Flexible Packaging business holds substantial growth potential, driven by increasing consumer preferences for branded/packaged products, the growth of end-sectors like food and beverages, beauty care, personal care, and pharmaceuticals, along with organized retail and strong overseas demand for packaged export products.
The company is strategically developing a Pan-India presence while actively tapping into export markets. This geographic diversification strategy positions Prakash Pipes Ltd. well for future growth opportunities, both domestically and internationally.
The company's dual-segment approach, combining the established PVC pipes business with the high-growth flexible packaging segment, creates a balanced portfolio. This structure allows it to capitalize on India's infrastructure development and the expanding consumer goods market.
---
