Pradeep Metals Ltd (PRADPME) — share price & stock analysis
From losses in FY16 and FY17 to record profits — the comeback is real, the price knows it.
Pradeep Metals Ltd (PRADPME) trades at ₹470 as of 5 June 2026, up 79% over the past year — beating NIFTY 500 for 19 weeks. The machine reads this as turnaround: from losses in FY16 and FY17 to record profits — the comeback is real, the price knows it. the price is in Stage 2 — advancing, 22 weeks in; the business cycle reads DEEP CYCLICAL / EXPANSION. Fundamentals-momentum score: 83/100 (mostly improving).
Data as of 5 June 2026 · every number traces to its Screener source column · not investment advice.
- Market cap
- ₹812 Cr
- P/E
- 26.8×
- ROE
- 20.1%
- Book value / share
- ₹95.1
- Revenue (FY26)
- ₹338 Cr
- Profit after tax (FY26)
- ₹30 Cr
- Weinstein stage
- Stage 2 (22 weeks)
- Data as of
- 5 June 2026
Profits swing violently in this business — real losses in FY16 and FY17. That is what “deep cyclical” means: the same company looks brilliant at the top of its cycle and broken at the bottom.net_profit
Where the clock stands now: earnings sit at 100% of their historical range, margins are near the top of their band, and valuation history is thin. That reads as EXPANSION — the comfortable middle — but the records are already on the table; from here the bet is that they keep coming.net_profit
4 of the 6 things we track are currently moving the right way — nearly everything is pulling in the same direction.
Where the levels actually stand: ROCE 21% — a high-quality engine; debt moderate (0.46× equity); margins near the top of their band. Momentum says which way things are moving; these say where they are.
Read this number for what it is: it measures the DIRECTION of change, not the quality of the business. A mediocre business getting better scores high here; a great one having a soft quarter scores low. Profit, sales and margins count double.
An uptrend that has held for 22 weeks
STAGE 2 · ADVANCING · 22 WEEKSEvery stock cycles through the same four seasons — a flat base (stage 1), an advance (2), a top (3), a decline (4). Right now this one is in Stage 2: advancing, 22 weeks in, confirmed.stage
The price sits above its rising 200-day average (₹322 today) and its strength against the index is still improving — trends like this persist more often than they reverse, which is why the system rides them instead of guessing the top.dma_200
Beating NIFTY 500 for 19 weeks — relative strength is the market’s live opinion, and right now it is on this stock’s side.rs_mansfield
What would end it: two Friday closes in a row below the 200-day line. That is the house exit rule — mechanical, no debates.dma_200
Data: Weekly price, moving averages and stage (sampled — full series in the embedded dataset)
| Period | Price (₹) | 200-DMA (₹) | 50-DMA (₹) | Stage |
|---|---|---|---|---|
| Mar 16 | 53.2 | 57.9 | 54.8 | 4 |
| May 16 | 51.0 | 55.8 | 52.1 | 4 |
| Jul 16 | 44.5 | 52.4 | 46.9 | 4 |
| Sep 16 | 42.0 | 49.3 | 43.8 | 4 |
| Nov 16 | 47.8 | 48.5 | 46.9 | 4 |
| Jan 17 | 68.6 | 51.0 | 56.6 | 2 |
| Mar 17 | 65.8 | 55.2 | 61.9 | 2 |
| May 17 | 74.7 | 60.4 | 68.5 | 2 |
| Jul 17 | 64.0 | 63.0 | 67.6 | 2 |
| Sep 17 | 64.0 | 63.8 | 65.4 | 2 |
| Dec 17 | 97.2 | 68.3 | 77.9 | 2 |
| Feb 18 | 87.5 | 77.5 | 91.8 | 2 |
| Apr 18 | 96.5 | 84.4 | 96.5 | 2 |
| Jun 18 | 92.9 | 87.7 | 93.6 | 2 |
| Aug 18 | 85.2 | 85.8 | 83.5 | 4 |
| Oct 18 | 75.0 | 81.9 | 75.3 | 4 |
| Dec 18 | 82.5 | 80.6 | 77.5 | 4 |
| Feb 19 | 70.0 | 79.0 | 75.1 | 4 |
| Apr 19 | 65.0 | 75.8 | 70.2 | 4 |
| Jun 19 | 58.0 | 72.0 | 64.3 | 4 |
| Aug 19 | 57.8 | 68.1 | 59.2 | 4 |
| Oct 19 | 44.0 | 61.5 | 48.8 | 4 |
| Dec 19 | 43.2 | 55.4 | 43.0 | 4 |
| Feb 20 | 49.0 | 53.8 | 49.5 | 4 |
| Apr 20 | 33.2 | 49.1 | 40.2 | 4 |
| Jul 20 | 36.0 | 45.2 | 37.5 | 4 |
| Sep 20 | 38.0 | 42.0 | 37.0 | 4 |
| Nov 20 | 34.3 | 39.7 | 35.6 | 4 |
| Jan 21 | 62.1 | 42.1 | 47.3 | 4 |
| Mar 21 | 47.7 | 46.1 | 51.3 | 2 |
| May 21 | 41.2 | 43.6 | 41.5 | 4 |
| Jul 21 | 62.0 | 47.0 | 52.2 | 2 |
| Sep 21 | 80.3 | 57.0 | 73.0 | 2 |
| Nov 21 | 91.0 | 65.3 | 80.3 | 2 |
| Jan 22 | 128 | 82.2 | 111 | 2 |
| Mar 22 | 91.7 | 86.7 | 95.6 | 2 |
| May 22 | 96.1 | 89.6 | 95.2 | 2 |
| Jul 22 | 114 | 92.1 | 98.8 | 2 |
| Sep 22 | 115 | 100 | 113 | 2 |
| Dec 22 | 162 | 112 | 136 | 2 |
| Feb 23 | 194 | 129 | 159 | 2 |
| Apr 23 | 173 | 144 | 170 | 2 |
| Jun 23 | 159 | 153 | 167 | 2 |
| Aug 23 | 162 | 156 | 164 | 2 |
| Oct 23 | 150 | 157 | 158 | 2 |
| Dec 23 | 208 | 161 | 172 | 4 |
| Feb 24 | 221 | 181 | 213 | 2 |
| Apr 24 | 249 | 199 | 228 | 2 |
| Jun 24 | 243 | 215 | 240 | 2 |
| Aug 24 | 289 | 229 | 256 | 2 |
| Oct 24 | 284 | 253 | 290 | 2 |
| Dec 24 | 260 | 260 | 276 | 2 |
| Feb 25 | 225 | 262 | 265 | 2 |
| May 25 | 225 | 252 | 239 | 4 |
| Jul 25 | 315 | 255 | 263 | 4 |
| Sep 25 | 229 | 265 | 268 | 2 |
| Nov 25 | 246 | 251 | 234 | 4 |
| Jan 26 | 272 | 254 | 260 | 4 |
| Apr 26 | 381 | 291 | 342 | 2 |
| Jun 26 | 470 | 322 | 391 | 2 |
A business that went through the fire — losses in FY16 and FY17, records now
Over 12 years, sales went from ₹113 Cr to ₹338 Cr (about 10% a year), and profit from ₹6.0 Cr to ₹30.0 Cr.revenuenet_profit
The books show real losses in FY16 and FY17 (worst: ₹−3.0 Cr). Everything about today’s cheap-looking numbers must be read against that history — the recovery is what you are buying.net_profit
Data: Revenue by year
| Period | Revenue (₹ Cr) |
|---|---|
| FY14 | 113 |
| FY15 | 141 |
| FY16 | 143 |
| FY17 | 132 |
| FY18 | 162 |
| FY19 | 191 |
| FY20 | 195 |
| FY21 | 156 |
| FY22 | 221 |
| FY23 | 268 |
| FY24 | 277 |
| FY25 | 312 |
| FY26 | 338 |
Data: Profit by year
| Period | Profit after tax (₹ Cr) |
|---|---|
| FY14 | 6 |
| FY15 | 9 |
| FY16 | -1 |
| FY17 | -3 |
| FY18 | 5 |
| FY19 | 9 |
| FY20 | 8 |
| FY21 | 8 |
| FY22 | 20 |
| FY23 | 26 |
| FY24 | 22 |
| FY25 | 27 |
| FY26 | 30 |
Data: OPM % by year
| Period | OPM % (%) |
|---|---|
| FY14 | 10.6 |
| FY15 | 12.8 |
| FY16 | 7.7 |
| FY17 | 8.3 |
| FY18 | 11.7 |
| FY19 | 14.7 |
| FY20 | 14.9 |
| FY21 | 16.0 |
| FY22 | 15.8 |
| FY23 | 17.2 |
| FY24 | 14.8 |
| FY25 | 15.1 |
| FY26 | 16.0 |
Sales have gone quiet — growth has stalled
Mar 26 sales were ₹91.0 Cr, up 5% on the same quarter last year.revenue
That makes 10 quarters of growth in a row — this is a trend, not a blip.revenue
Data: Quarterly sales
| Period | Revenue (₹ Cr) | YoY growth (%) |
|---|---|---|
| Jun 23 | 59.0 | – |
| Sep 23 | 70.0 | – |
| Dec 23 | 68.0 | – |
| Mar 24 | 79.0 | – |
| Jun 24 | 72.0 | 22.0 |
| Sep 24 | 74.0 | 5.7 |
| Dec 24 | 79.0 | 16.2 |
| Mar 25 | 87.0 | 10.1 |
| Jun 25 | 78.0 | 8.3 |
| Sep 25 | 86.0 | 16.2 |
| Dec 25 | 84.0 | 6.3 |
| Mar 26 | 91.0 | 4.6 |
Margins are widening — 15% → 18% in a year
Of every ₹100 of sales, the company keeps ₹18.4 as operating profit (a year ago it kept ₹14.9).opm_pct
The gross margin moved the same way (53% → 59%), so this is about input costs and pricing power — the raw-material equation improved.gpm_pctopm_pct
Data: Three margins, quarterly
| Period | Gross (%) | Operating (%) | Net (%) |
|---|---|---|---|
| Jun 23 | 51.8 | 9.9 | 3.4 |
| Sep 23 | 52.5 | 14.9 | 8.0 |
| Dec 23 | 55.4 | 17.5 | 10.1 |
| Mar 24 | 53.1 | 16.7 | 9.9 |
| Jun 24 | 54.5 | 15.1 | 9.8 |
| Sep 24 | 58.8 | 16.0 | 8.7 |
| Dec 24 | 52.1 | 14.5 | 8.4 |
| Mar 25 | 53.2 | 14.9 | 8.2 |
| Jun 25 | 53.8 | 13.2 | 7.2 |
| Sep 25 | 55.7 | 16.8 | 8.6 |
| Dec 25 | 58.1 | 14.9 | 8.4 |
| Mar 26 | 58.9 | 18.4 | 11.4 |
Profit exploded 43% — mostly from keeping more of each sale
Mar 26 profit after tax was ₹10.0 Cr, up 43% year on year.net_profit
Data: Quarterly profit after tax
| Period | PAT (₹ Cr) | YoY growth (%) |
|---|---|---|
| Jun 23 | 2.0 | – |
| Sep 23 | 6.0 | – |
| Dec 23 | 7.0 | – |
| Mar 24 | 8.0 | – |
| Jun 24 | 7.0 | 250.0 |
| Sep 24 | 6.0 | 0.0 |
| Dec 24 | 7.0 | 0.0 |
| Mar 25 | 7.0 | -12.5 |
| Jun 25 | 6.0 | -14.3 |
| Sep 25 | 7.0 | 16.7 |
| Dec 25 | 7.0 | 0.0 |
| Mar 26 | 10.0 | 42.9 |
The single biggest driver was keeping more of each sale.
Data: Where the profit change came from (Mar 25 → Mar 26)
| Component | Effect (₹ Cr) |
|---|---|
| PAT Mar 25 | 7 |
| More sales | +1 |
| Fatter margins | +3 |
| Depreciation | +1 |
| Everything else | −2 |
| PAT Mar 26 | 10 |
The profits are real — they turn into cash
Over the last 5 profitable years, the business reported ₹125 Cr of profit and collected ₹146 Cr of operating cash — about 117% conversion.operating_cash_flownet_profit
One asterisk on that strength: suppliers are being paid 28 days later than a year ago (108 → 136 days). Cash flattered by stretching payables is real cash — but it is borrowed timing, not extra earning power.payable_days
Data: Cash collected vs profit reported (annual)
| Period | Operating cash flow (₹ Cr) | Profit after tax (₹ Cr) |
|---|---|---|
| FY14 | 8.0 | 6.0 |
| FY15 | 0.0 | 9.0 |
| FY16 | 10.0 | -1.0 |
| FY17 | 12.0 | -3.0 |
| FY18 | 14.0 | 5.0 |
| FY19 | 19.0 | 9.0 |
| FY20 | 35.0 | 8.0 |
| FY21 | 25.0 | 8.0 |
| FY22 | 12.0 | 20.0 |
| FY23 | 37.0 | 26.0 |
| FY24 | 32.0 | 22.0 |
| FY25 | 33.0 | 27.0 |
| FY26 | 32.0 | 30.0 |
The cash cycle is stretching — more money stuck in the pipeline
One rupee now takes about 173 days to go out the door as materials and come back as collected cash — up from 150 days the year before.cash_conversion_cycle
The biggest mover: inventory sitting longer in the warehouse (169 → 207 days).inventory_days
Data: Days of cash locked up (annual)
| Period | Customers owe (debtor days) (days) | Stock on shelf (inventory days) (days) | We owe suppliers (payable days) (days) |
|---|---|---|---|
| FY14 | 93.0 | 236 | 65.0 |
| FY15 | 113 | 243 | 150 |
| FY16 | 85.0 | 220 | 69.0 |
| FY17 | 121 | 230 | 118 |
| FY18 | 95.0 | 215 | 89.0 |
| FY19 | 86.0 | 189 | 79.0 |
| FY20 | 77.0 | 172 | 51.0 |
| FY21 | 98.0 | 213 | 108 |
| FY22 | 84.0 | 185 | 87.0 |
| FY23 | 74.0 | 177 | 81.0 |
| FY24 | 87.0 | 174 | 107 |
| FY25 | 90.0 | 169 | 108 |
| FY26 | 102 | 207 | 136 |
The asset base keeps compounding — this company builds
The productive asset base has gone from ₹20.0 Cr (FY14) to ₹106 Cr, with another ₹4.0 Cr of capacity under construction right now.fixed_assetscwip
The build is self-funded: the last 3 years' investing outflow (₹60.0 Cr) fits inside the operating cash the business generated (₹97.0 Cr).investing_cash_flowoperating_cash_flow
Data: Assets in place vs under construction (annual)
| Period | Fixed assets (₹ Cr) | Under construction (CWIP) (₹ Cr) |
|---|---|---|
| FY14 | 20.0 | 2.0 |
| FY15 | 47.0 | 7.0 |
| FY16 | 59.0 | 3.0 |
| FY17 | 62.0 | 7.0 |
| FY18 | 62.0 | 3.0 |
| FY19 | 61.0 | 11.0 |
| FY20 | 68.0 | 2.0 |
| FY21 | 59.0 | 1.0 |
| FY22 | 70.0 | 2.0 |
| FY23 | 72.0 | 4.0 |
| FY24 | 86.0 | 1.0 |
| FY25 | 100 | 0.0 |
| FY26 | 106 | 4.0 |
Debt is present but comfortable
For every ₹100 shareholders have put in (and left in), the company has borrowed ₹46 — total borrowings have grown from ₹46.0 Cr to ₹75.0 Cr over the window.borrowings
Data: Total borrowings (annual)
| Period | Borrowings (₹ Cr) |
|---|---|
| FY14 | 46.0 |
| FY15 | 72.0 |
| FY16 | 87.0 |
| FY17 | 93.0 |
| FY18 | 93.0 |
| FY19 | 97.0 |
| FY20 | 87.0 |
| FY21 | 65.0 |
| FY22 | 81.0 |
| FY23 | 73.0 |
| FY24 | 73.0 |
| FY25 | 71.0 |
| FY26 | 75.0 |
Data: Debt vs shareholders’ money (annual)
| Period | Debt ÷ equity (x) |
|---|---|
| FY14 | 1.4 |
| FY15 | 1.9 |
| FY16 | 2.4 |
| FY17 | 2.5 |
| FY18 | 2.4 |
| FY19 | 2.1 |
| FY20 | 1.8 |
| FY21 | 1.1 |
| FY22 | 1.1 |
| FY23 | 0.8 |
| FY24 | 0.6 |
| FY25 | 0.5 |
| FY26 | 0.5 |
Every ₹100 kept in the business earns ₹21 — a high-quality engine
Return on capital employed is 21.0% (a year ago: 21.0%). This is the single best test of business quality: what the company earns on the money it keeps.roce_pct
Data: Returns on capital (annual)
| Period | ROCE (%) |
|---|---|
| FY15 | 17.0 |
| FY16 | 7.0 |
| FY17 | 6.0 |
| FY18 | 12.0 |
| FY19 | 16.0 |
| FY20 | 17.0 |
| FY21 | 15.0 |
| FY22 | 23.0 |
| FY23 | 25.0 |
| FY24 | 20.0 |
| FY25 | 21.0 |
| FY26 | 21.0 |
The owners aren’t moving
Promoters hold 73.5%, essentially unchanged. Foreign funds own null%, domestic funds 0.1%.promoters_pctfiis_pctdiis_pct
Data: Who holds the shares, quarterly
| Period | Promoters (%) | Domestic funds (%) |
|---|---|---|
| Jun 23 | 73.5 | 0.0 |
| Sep 23 | 73.5 | 0.0 |
| Dec 23 | 73.5 | 0.0 |
| Mar 24 | 73.5 | 0.0 |
| Jun 24 | 73.5 | 0.0 |
| Sep 24 | 73.5 | 0.0 |
| Dec 24 | 73.5 | 0.0 |
| Mar 25 | 73.5 | 0.0 |
| Jun 25 | 73.5 | 0.0 |
| Sep 25 | 73.5 | 0.0 |
| Dec 25 | 73.5 | 0.0 |
| Mar 26 | 73.5 | 0.1 |
- Promoters are not selling. Their stake has moved 0.1 points or less in 8 quarters — it sits at 73.5%.promoters_pct
- Sales are NOT driving the profit move — revenue grew just 4.6% while profit moved much more. This is a margin-and-recovery story, which has a shorter runway than a volume story.revenuenet_profit
The numbers earn a deeper study — and watch the one thing that matters
The numbers lean positive, and the price is roughly fair to the delivery so far.
Best thing in the data: profit rising (₹7.0 Cr → ₹10.0 Cr).net_profit
Biggest worry: free cash flow falling (₹14.0 Cr → ₹9.0 Cr).operating_cash_flow
One dissent worth hearing: our valuation lens reads negative — “its fair-value math says the price sits about 51% above what the numbers justify”. When a lens disagrees with the committee, it is usually pointing at the thing that breaks first.
Machine-written research from Screener data — every number traces to its source column. Sector Alpha is not a SEBI-registered investment adviser; nothing here is a recommendation to buy or sell. Not investment advice.
Straight answers from the data
What does Pradeep Metals Ltd do?
Incorporated in 1982, Pradeep Metals Ltd manufactures and sells forged and machined components[1]. It is listed in the Forgings sector with a market capitalisation of ₹812 Cr.
What is Pradeep Metals Ltd's share price?
As of 5 June 2026, Pradeep Metals Ltd trades at ₹470, up 79% over the past year, with a market capitalisation of ₹812 Cr. Beating NIFTY 500 for 19 weeks. Prices are weekly closes from Screener data; this page refreshes with each weekly update.
What is Pradeep Metals Ltd's share price target?
Sector Alpha does not publish broker-style price targets. Our discounted-cash-flow model estimates Pradeep Metals Ltd's intrinsic value at ₹302 per share under base assumptions (bear ₹208, bull ₹363), against the current price of ₹470 — a 36% premium to model value. The current price already implies roughly 16% annual earnings growth. These are model estimates, not forecasts — treat them as one input alongside the valuation history below, not as a target.
What did Pradeep Metals Ltd report in its latest quarterly results?
In its most recent reported quarter (Q4 FY26, quarter ended March 2026): Mar 26 sales were ₹91.0 Cr, up 5% on the same quarter last year. Mar 26 profit after tax was ₹10.0 Cr, up 43% year on year. Figures are from Screener-scraped quarterly filings; the page updates when the next quarter is filed.
Is Pradeep Metals Ltd growing?
Sales have gone quiet — growth has stalled. Mar 26 sales were ₹91.0 Cr, up 5% on the same quarter last year.
Are Pradeep Metals Ltd's profits growing?
Profit exploded 43% — mostly from keeping more of each sale. Mar 26 profit after tax was ₹10.0 Cr, up 43% year on year.
What are Pradeep Metals Ltd's operating margins?
Margins are widening — 15% → 18% in a year. In the most recent quarter, of every ₹100 of sales, the company keeps ₹18.4 as operating profit (a year ago it kept ₹14.9).
What is Pradeep Metals Ltd's long-term growth record?
Revenue grew from ₹113 Cr in FY14 to ₹338 Cr in FY26 — a 9.6% compound annual growth rate over 12 years. Profit after tax compounded at 14.4% over the same period (₹6 Cr → ₹30 Cr).
Is Pradeep Metals Ltd stock in an uptrend?
An uptrend that has held for 22 weeks. Pradeep Metals Ltd is in Stage 2 — advancing, 22 weeks in (confirmed). Stages follow Stan Weinstein's four-phase read of weekly price against the 200-day average: basing (1), advancing (2), topping (3), declining (4).
Why is Pradeep Metals Ltd stock rising?
The price is up 79% over the past year, in a confirmed Stage 2 uptrend (22 weeks), and has beaten NIFTY 500 for 19 weeks.
Is Pradeep Metals Ltd beating the NIFTY 500?
Yes — beating NIFTY 500 for 19 weeks, as of 5 June 2026. Relative strength is measured weekly against the NIFTY 500 (Mansfield RS): a positive reading means the stock has outperformed the index over the trailing window, week after week.
Where is Pradeep Metals Ltd in its business cycle?
The data reads Pradeep Metals Ltd as a deep cyclical business currently in its expansion phase — earnings at an all-time high for this company. Profits swing violently in this business — real losses in FY16 and FY17. That is what “deep cyclical” means: the same company looks brilliant at the top of its cycle and broken at the bottom.
Does Pradeep Metals Ltd have too much debt?
Debt is present but comfortable. For every ₹100 shareholders have put in (and left in), the company has borrowed ₹46 — total borrowings have grown from ₹46.0 Cr to ₹75.0 Cr over the window.
What is the bull case for Pradeep Metals Ltd?
From losses in FY16 and FY17 to record profits — the comeback is real, the price knows it. Best thing in the data: profit rising (₹7.0 Cr → ₹10.0 Cr). Sales have gone quiet — growth has stalled.
What is the bear case for Pradeep Metals Ltd — what could break the story?
Biggest worry: free cash flow falling (₹14.0 Cr → ₹9.0 Cr). Two quarters of margins reversing would kill this story. The nearest-term thing to watch: two consecutive quarters of margin decline would break this trend. This falsification condition is stated up front so the thesis can be checked against incoming quarters, not defended after the fact.
Is Pradeep Metals Ltd a stock worth studying right now?
Sector Alpha does not publish buy or sell recommendations — this is a research read, not advice. What the data says: the numbers earn a deeper study — and watch the one thing that matters. The numbers lean positive, and the price is roughly fair to the delivery so far. Across the 7-model scorecard the composite research signal is study deeper at 82% confidence. This is machine-written research compiled from Screener data — every number traces to its source — and it is not investment advice. Do your own diligence.