Prism Johnson
Prism Johnson
ConstructionKey Fundamentals
MicrocapCementConstructionTapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Weaknesses
5- Stock is trading at 3.73 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 5.73% over past five years.
- Company has a low return on equity of -4.40% over last 3 years.
Growth Rate
AI Analysis — Bull vs Bear
Prism Johnson Ltd is a mid-cap construction materials company with a market cap of ₹5,306 Cr trading at a PE of 175.2x, reflecting weak profitability. The company has posted negative ROE of -4% over 3 years and -5% last year, with TTM sales growth of 8% but compounded profit declining 2% TTM.
- TTM sales growth of 8% shows recent revenue momentum after 3-year compounded sales growth of 0%, indicating a potential turnaround in top-line performance
- 10-year compounded sales growth of 4% demonstrates the company has a baseline ability to grow revenues over long cycles in the Indian construction materials market
- 5-year compounded sales growth of 6% suggests the company maintained reasonable top-line expansion even through challenging periods including COVID disruptions
- 3-year compounded profit growth of 5% indicates the company has been moving towards profitability improvement on a medium-term basis despite recent setbacks
- Market cap of ₹5,306 Cr positions the company in the mid-cap segment with scale advantages in cement, ready-mix concrete, and tiles segments across India
- The company is reporting repeated profits as noted in its financials, indicating it has crossed the breakeven threshold and is generating positive earnings despite low margins
- India's infrastructure push and housing demand provide a secular tailwind for construction materials companies, with the sector expected to benefit from government capex spending
- PE ratio of 175.2x is extremely elevated, indicating the stock is priced for significant earnings growth that has not yet materialized
- 3-year ROE of -4% and last year ROE of -5% show the company is destroying shareholder value rather than generating adequate returns on equity
- Stock price has declined 32% over 1 year, significantly underperforming the broader market and reflecting deteriorating investor confidence
- Zero dividend yield despite reporting profits indicates either cash flow constraints or heavy reinvestment needs without rewarding shareholders
- Price-to-book ratio of 3.46x is elevated for a company generating negative returns on equity, suggesting the stock may be overvalued relative to its asset base
- Low interest coverage ratio as flagged in company disclosures suggests debt servicing is consuming a significant portion of operating profits, creating financial vulnerability
- 5-year compounded sales growth of only 5.73% is poor for a construction sector company operating in a high-growth emerging market like India
- Stock CAGR of -6% over 3 years and -5% over 5 years shows sustained long-term wealth destruction for investors with no signs of reversal
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
- Bank guarantee forfeited by MPCB Jul 18
Maharashtra State Pollution Control Board forfeited a ₹10 Lakhs bank guarantee from Prism Johnson for alleged non-compliance at its Thane plant, signaling regulatory risk.
- Strong FY26 results, debt down Jul 16
Consolidated revenue rose 8.4% YoY to ₹7,404 Crores in FY26, EBITDA surged 52.1% to ₹693 Crores, and net debt fell sharply from ₹1,138 Crores to ₹646 Crores.
- Samini Ceramics stake raised to 98.5% Jul 31
Prism Johnson acquired an additional 8.5% stake in Samini Ceramics for ₹15.31 Crore, taking total ownership to 98.5% as part of its consolidation strategy.
- AGM scheduled for Aug 7 Jul 13
The 34th AGM will be held on Aug 7, 2026 via video conference, with e-voting cut-off date of July 31, 2026.
TL;DR: Prism Johnson is executing well operationally — FY26 showed robust revenue growth and a 52% jump in EBITDA alongside significant deleveraging. The minor MPCB penalty is a low-value but notable regulatory flag. Near-full consolidation of Samini Ceramics tidies up the corporate structure. The trend is clearly improving on financials, and continued debt reduction should support re-rating if sustained.
Quarterly Results
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,942 | 1,838 | 1,728 | 2,066 | 1,763 | 1,640 | 1,821 | 1,960 | 1,789 | 1,855 | 1,753 | 2,110 | 1,835 |
| Expenses | 1,791 | 1,745 | 1,595 | 1,955 | 1,631 | 1,594 | 1,768 | 1,763 | 1,615 | 1,669 | 1,595 | 1,936 | 1,615 |
| Operating Profit | 152 | 92 | 134 | 111 | 132 | 46 | 52 | 197 | 174 | 186 | 158 | 175 | 221 |
| OPM % | 8% | 5% | 8% | 5% | 8% | 2.8% | 2.9% | 10% | 10% | 10% | 9% | 8% | 12% |
| Other Income | 17 | 260 | 6 | 9 | 18 | 17 | 91 | 152 | 3 | 14 | 98 | -29 | 77 |
| Interest | 48 | 44 | 49 | 51 | 55 | 57 | 56 | 55 | 46 | 44 | 46 | 40 | 37 |
| Depreciation | 93 | 95 | 99 | 126 | 112 | 118 | 121 | 131 | 134 | 140 | 131 | 128 | 122 |
| PBT | 27 | 214 | -9 | -58 | -16 | -112 | -34 | 163 | -2 | 16 | 79 | -23 | 139 |
| Tax % | 24% | 14% | 28% | -47% | 14% | -7% | -237% | 26% | 131% | 90% | 37% | -32% | 19% |
| Net Profit | 21 | 183 | -11 | -30 | -18 | -104 | 46 | 121 | -6 | 2 | 50 | -16 | 113 |
| EPS in Rs | 0.36 | 3.63 | -0.07 | -0.32 | -0.15 | -1.78 | 0.96 | 2.57 | 0.05 | 0.06 | 1.21 | 0.13 | 2.07 |
Profit & Loss
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 5,654 | 5,223 | 5,012 | 5,508 | 6,194 | 5,956 | 5,587 | 6,306 | 7,361 | 7,427 | 6,811 | 7,381 | 7,554 |
| Expenses | 5,293 | 4,873 | 4,651 | 5,057 | 5,586 | 5,409 | 4,958 | 5,829 | 6,987 | 6,930 | 6,351 | 6,683 | 6,814 |
| Operating Profit | 362 | 350 | 361 | 451 | 609 | 547 | 629 | 478 | 374 | 497 | 460 | 698 | 740 |
| OPM % | 6% | 7% | 7% | 8% | 10% | 9% | 11% | 8% | 5% | 7% | 7% | 9% | 10% |
| Other Income | 92 | 144 | 93 | 67 | 18 | 23 | 37 | 109 | 35 | 292 | 245 | 84 | 160 |
| Interest | 296 | 286 | 221 | 232 | 226 | 258 | 217 | 193 | 197 | 201 | 227 | 181 | 167 |
| Depreciation | 165 | 184 | 192 | 184 | 200 | 251 | 293 | 310 | 390 | 414 | 476 | 531 | 521 |
| PBT | -7 | 24 | 42 | 101 | 201 | 62 | 157 | 84 | -178 | 174 | 2 | 70 | 211 |
| Tax % | -167% | -6% | 66% | 45% | 46% | 119% | 10% | 48% | -11% | 7% | -2156% | 57% | — |
| Net Profit | 5 | 25 | 14 | 55 | 110 | -12 | 140 | 44 | -158 | 162 | 45 | 30 | 148 |
| EPS in Rs | 0.05 | 0.06 | -0.04 | 0.84 | 2.31 | 0.2 | 3.4 | 1.82 | -2.05 | 3.6 | 1.59 | 1.45 | 3.47 |
| Div. Payout % | 0% | 0% | 0% | 0% | 22% | 501% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 503 | 503 | 503 | 503 | 503 | 503 | 503 | 503 | 503 | 503 | 503 | 503 |
| Reserves | 551 | 495 | 492 | 534 | 623 | 576 | 738 | 820 | 703 | 886 | 975 | 1,025 |
| Borrowings | 2,236 | 2,212 | 1,980 | 2,020 | 1,918 | 2,425 | 1,930 | 1,744 | 2,182 | 2,243 | 1,978 | 1,677 |
| Other Liabilities | 1,559 | 1,777 | 1,893 | 2,084 | 2,358 | 2,569 | 2,994 | 3,381 | 3,158 | 3,449 | 3,853 | 4,126 |
| Total Liabilities | 4,849 | 4,988 | 4,869 | 5,142 | 5,402 | 6,073 | 6,166 | 6,448 | 6,547 | 7,081 | 7,309 | 7,332 |
| Fixed Assets | 2,413 | 2,472 | 2,415 | 2,602 | 2,626 | 2,821 | 2,946 | 2,970 | 2,947 | 3,260 | 3,285 | 3,195 |
| CWIP | 72 | 69 | 136 | 100 | 124 | 259 | 132 | 204 | 240 | 141 | 141 | 45 |
| Investments | 218 | 280 | 339 | 411 | 485 | 523 | 731 | 834 | 911 | 980 | 1,114 | 147 |
| Other Assets | 2,147 | 2,166 | 1,978 | 2,030 | 2,167 | 2,470 | 2,357 | 2,439 | 2,449 | 2,699 | 2,769 | 3,945 |
| Total Assets | 4,849 | 4,988 | 4,869 | 5,142 | 5,402 | 6,073 | 6,166 | 6,448 | 6,547 | 7,081 | 7,309 | 7,332 |
Cash Flow
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 199 | 462 | 676 | 587 | 654 | 667 | 1,281 | 573 | 592 | 473 | 737 | 503 |
| Investing | -57 | -110 | -236 | -407 | -330 | -657 | -265 | -320 | -320 | 72 | -239 | -190 |
| Financing | -108 | -328 | -461 | -180 | -325 | 65 | -806 | -342 | -267 | -371 | -527 | -244 |
| Net Cash Flow | 33 | 24 | -21 | 0 | -1 | 75 | 209 | -89 | 5 | 174 | -28 | 69 |
| Free Cash Flow | 29 | 249 | 488 | 252 | 390 | 298 | 1,094 | 221 | 241 | 519 | 526 | 321 |
| CFO/OP | 56 | 135 | 192 | 139 | 116 | 130 | 206 | 117 | 155 | 103 | 143 | 77 |
Ratios
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 38 | 43 | 46 | 44 | 43 | 44 | 41 | 36 | 34 | 34 | 45 | 39 |
| Inventory Days | 116 | 119 | 111 | 110 | 131 | 137 | 112 | 142 | 114 | 121 | 121 | 94 |
| Days Payable | 127 | 130 | 141 | 122 | 142 | 143 | 183 | 200 | 146 | 151 | 159 | 140 |
| Cash Conversion Cycle | 26 | 32 | 15 | 32 | 31 | 38 | -29 | -23 | 2 | 3 | 7 | -7 |
| Working Capital Days | -10 | -20 | -46 | -49 | -37 | -49 | -62 | -56 | -70 | -68 | -72 | -39 |
| ROCE % | 7% | 8% | 8% | 10% | 13% | 9% | 11% | 8% | 1% | 3% | 3% | 6% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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72 extracted metrics + investor summaries across FY09–FY26.
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Company Information
Prism Johnson Limited was incorporated in 1992 and is amongst the largest integrated building materials companies in India, with a wide range of products, namely cement, ready-mixed concrete, tiles, sanitaryware and bath fittings. [1]
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