Prism Johnson Ltd

Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.

Prism Johnson Ltd trades at ₹113, in a downtrend and 41 weeks into that stage. That is −7.6% against its own 200-day average. It sits at 15% of a 52-week range of ₹105 to ₹158. On relative strength it is currently behind the NIFTY 500 on a trailing-13-week view (20 weeks and counting).

Today the stock is in a downtrend — week 41 of stage 4, confirmed. At ₹113 it trades −7.6% versus its 200-day average and sits at 15% of its 52-week range (₹105–₹158).

Against the market, two honest reads. Cumulative: over the last 10.5 years the stock moved +57% while the NIFTY 500 moved +267% — behind the index over the full window. Recent form: on a trailing-13-week view the stock is currently behind (20 weeks and counting; last ahead the week of 2026-05-29) — the ribbon below is that same metric, week by week.

What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.

Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.

Prism Johnson Ltd trades at 48.6× P/E, mid-range by its own standards (46th percentile). Its long-run median P/E is 66.3×, measured across 8.1 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.

Today's P/E of 48.6× is mid-range by its own standards (46th percentile), against a long-run median of 66.3× measured over 8.1 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.

Why the multiple sits where it does: over the past year annual EPS moved −8.8% against a −23.8% price move — earnings outran the price, pushing the multiple DOWN its own range.

The price move, decomposed: over 5y, of the −1.9%/yr price move, ~−15.0%/yr came from earnings growth and ~+13.1 pp from the multiple (expanding). The split is the honest approximate (price return minus earnings growth); it makes the rally itself visible instead of hiding it behind the percentile.

Put together: the multiple is unremarkable against its own past, so the story rests on the earnings line underneath it, not the multiple.

A quarterly PEG curve, which only the second data source carries, is not drawn on this page: its two data sources disagree by up to 131% on reported income across 13 comparable periods. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.

Stage: No read Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).

Prism Johnson Ltd reads as no read on its fundamental arc. Under eight usable quarters on the growth trio — not enough history for an honest trajectory read. The read is built from 8 quarters across 2 curves, on partial evidence.

Why it matters: with too little history, an honest page says so instead of guessing a trajectory.

The latest quarter’s profit carries a one-off item larger than the operating base, so the profit curve is shown but does not vote in the stage call.

Return readings here are annual, not quarterly — read as level and direction only; they can confirm the growth curves but never drive the stage on their own.

Fewer than eight usable quarters on the growth curves — this page will not guess a trajectory from a stub of history.

4-Factor Sector Score

47.2/100 — rank 12 of 26 in Cement · 61% evidence confidence

Prism Johnson Ltd scores 47.2 out of 100 against the 26 companies it is compared with in Cement, ranking 12. Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

The four contributions add to the total exactly: 18.1 + 6.9 + 9.2 + 13 = 47.2. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.

What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.

Revenue Revenue is the top line: everything the company billed its customers in the period.

Prism Johnson Ltd reported ₹1,835 Cr of revenue in the Jun 26 quarter, +2.6% year on year. That is the 2nd straight quarter of year-on-year growth. Over 10 years it has compounded at 3.5% a year. The last full year, FY26, came in at ₹7,381 Cr. The last four reported quarters add to ₹7,553 Cr.

FY26 revenue came in at ₹7,381 Cr (+8.4% on the year), capping 10 years at 3.5% compound. The latest quarter (Jun 26) printed ₹1,835 Cr, +2.6% year on year — the 2nd consecutive quarter of year-over-year growth.

Pace check: the last four quarters averaged +4.9% growth against the decade's 3.5% — the current year is running faster than its own long-run rate.

Acceleration check: trailing-twelve-month revenue grew +4.8% over the last 4 quarters against +1.1%/yr over the last 8 — accelerating; TTM profit +161.4% vs +9.6%/yr — accelerating.

Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.

Prism Johnson Ltd's operating margin is 12.0% in the Jun 26 quarter, +2.0 percentage points against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged 4.0% to 11.0%. The current quarter is running above every full year in that window.

The latest quarter's operating margin is 12.0%, +2.0 pp against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged 4.0%–11.0%.

Why the margin moved: operating margin went +2.3 pp year on year while gross margin went +1.4 pp — the gain came mostly from the gross line: input costs and pricing.

Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.

Prism Johnson Ltd earned ₹113 Cr of net profit in the Jun 26 quarter. Full-year FY26 profit was ₹30.0 Cr. The 10-year compound rate is 1.8%. That is 6.2% of the quarter's revenue. The same quarter a year earlier lost ₹6.0 Cr. 6 of the last 12 reported quarters were loss-making.

Jun 26 profit was ₹113 Cr, null year on year. On the full year, FY26 printed ₹30.0 Cr (−33.3%), and the 10-year compound rate is 1.8%.

Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.

Over the last 3 fiscal years 723% of Prism Johnson Ltd's reported profit arrived as operating cash — the cash follows the profit. In FY26 that was ₹503 Cr of operating cash against ₹30.0 Cr of profit. After ₹345 Cr of capital spending, ₹158 Cr was left as free cash.

FY26: operating cash of ₹503 Cr against reported profit of ₹30.0 Cr, leaving free cash of ₹158 Cr after ₹345 Cr of capital spending. Across the last 3 fiscal years the conversion rate is 723% of profit.

Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.

Why conversion sits at 723%: the cash cycle stretched 22 days between FY21 and FY26 — more of each rupee of profit waits inside the cycle before arriving.

Router verdict: no single sink dominates — the next section checks both the working-capital cycle and the capital spending.

Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).

Prism Johnson Ltd's cash conversion cycle runs −7 days in FY26, up from −29 days in FY21. Capital spending ran ₹1,474 Cr over the last 3 years. At FY26 sales of ₹7,381 Cr each day of that cycle holds about ₹20.2 Cr, so roughly ₹−142 Cr sits inside the business at any moment.

FY26: debtors at 39 days, inventory at 94 days — roughly 3.1 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of −7 days, looser than FY21's −29.

The full loop: cash goes out to suppliers and production on day 0; stock waits 94 days to sell; customers pay about 39 days after that; and suppliers themselves are paid at 140 days — netting out to the −7-day cycle.

In money terms: at FY26 sales of ₹7,381 Cr, each day of the cycle holds about ₹20.2 Cr — so the −7-day loop keeps roughly ₹−142 Cr sitting inside the business at any moment.

On the investment side: capital spending of ₹1,474 Cr over the last 3 fiscal years against ₹1,421 Cr of depreciation — building somewhat ahead of wear-and-tear. Capital work-in-progress stands at ₹45.0 Cr (FY26) — capacity paid for but not yet earning.

The synthesis: neither the cycle nor the build-out is hoarding the cash — the machine is reasonably clean.

Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.

Prism Johnson Ltd earns a ROCE of 6% in FY26. That is up from a trough of 0% in FY14. A return-on-invested-capital spread against the cost of capital is not computable from what is held here. The wiring behind it is 0.4% net margin on 1.01× asset turns.

FY26 ROCE is 6%, recovered from a FY14 trough of 0% — the full ladder below shows the fall and the climb, undoctored.

Why the return is what it is — the wiring (FY26): 0.4% net margin × 1.01× asset turns × 4.80× balance-sheet leverage ≈ 1.9% on equity. Margin does its share; leverage is a meaningful part of the equation.

The quarterly return curves and the return-on-invested-capital overlay, which only the second data source carries, are not drawn on this page: its two data sources disagree by up to 131% on reported income across 13 comparable periods. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.

Debt Debt-to-equity says how much of the business is funded by borrowings; interest cover says how many times operating profit pays the interest bill. Low and high, respectively, is the safe corner.

Prism Johnson Ltd carries ₹1,677 Cr of borrowings against ₹1,528 Cr of equity in FY26, a debt-to-equity of 1.10. Operating profit covers the interest bill 4×. Over 5 years borrowings went from ₹1,930 Cr to ₹1,677 Cr. Capital spending ran ₹1,474 Cr across the last 3 of those years.

FY26: borrowings of ₹1,677 Cr against equity of ₹1,528 Cr — a debt-to-equity of 1.10. Operating profit covers the interest bill 4×. Over 5 years borrowings went from ₹1,930 Cr to ₹1,677 Cr while capital spending ran ₹1,474 Cr in just the last 3 — the build-out is being paid for out of cash, not debt.

The total-debt and debt-to-equity series, which only the second data source carries, are not drawn on this page: its two data sources disagree by up to 131% on reported income across 13 comparable periods. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.

Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.

No holder of Prism Johnson Ltd moved a full percentage point over the last two years — the register is quiet. Domestic institutions moved +0.5 points over the same window, to 6.5%. The register is read on the four disclosed classes only; nothing is inferred between filings.

The register over the last two years — Foreign institutions: −0.9 points over 8 quarters to 2.7%; Domestic institutions: +0.5 points over 8 quarters to 6.5%; Promoters: +0.0 points over 8 quarters to 74.9%.

Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.

Prism Johnson Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.

The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.

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