Great set of result from Prakash Pipes for Q1. Profit almost doubled both YoY & QoQ. We can related the massive(~2.5% of equity) buying of shares in open market by promoter about 5 months ago.
Market cap is just 405 Cr. Whereas Net profit for Q1 itself is 25 Cr. Almost debt free balance sheet. ROCE @ ~ 32%.
Cheapest valuations in PVC pipes industry. (despite discounting the flexible packing business which performed very well during the Q1)
Ace Investor, Dolly Khanna invested since last three quarters. increased stake during last quarter.
Disc-Invested
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