Prince Pipes & Fittings Ltd
Prince Pipes and Fittings Limited is an integrated piping solution & multi polymer manufacturer. It was established in 1987 and initially manufactured PVC products. It is currently engaged in the manufacturing of polymer piping solutions in four types of polymers CPVC, UPVC, HDPE, PPR. [1]
- Market Cap ₹ 7,585 Cr.
- Current Price ₹ 686
- High / Low ₹ 760 / 532
- Stock P/E 36.8
- Book Value ₹ 131
- Dividend Yield 0.00 %
- ROCE 12.3 %
- ROE 9.17 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
Cons
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Plastic products Industry: Plastics Products
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|
957 | 1,007 | 1,246 | 1,315 | 1,572 | 1,636 | 2,072 | 2,657 | 2,711 | 2,680 | |
875 | 908 | 1,083 | 1,151 | 1,388 | 1,406 | 1,708 | 2,241 | 2,461 | 2,323 | |
Operating Profit | 82 | 100 | 163 | 164 | 184 | 230 | 364 | 416 | 250 | 357 |
OPM % | 9% | 10% | 13% | 12% | 12% | 14% | 18% | 16% | 9% | 13% |
2 | 0 | 2 | 5 | 7 | 6 | 15 | 5 | 9 | 30 | |
Interest | 37 | 34 | 36 | 36 | 36 | 33 | 21 | 14 | 11 | 7 |
Depreciation | 29 | 30 | 33 | 38 | 44 | 52 | 59 | 70 | 83 | 87 |
Profit before tax | 18 | 37 | 96 | 95 | 111 | 151 | 299 | 337 | 165 | 294 |
Tax % | 12% | 20% | 23% | 24% | 26% | 25% | 26% | 26% | 26% | |
16 | 30 | 74 | 73 | 82 | 113 | 222 | 249 | 121 | 220 | |
EPS in Rs | 3.27 | 6.15 | 16.48 | 8.08 | 9.12 | 10.23 | 20.16 | 22.56 | 10.98 | 19.87 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 10% | 17% | 16% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 16% |
3 Years: | 18% |
TTM: | -4% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 10% |
3 Years: | 2% |
TTM: | 40% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 38% |
1 Year: | 24% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 18% |
3 Years: | 17% |
Last Year: | 9% |
Balance Sheet
Figures in Rs. Crores
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 48 | 48 | 45 | 90 | 90 | 110 | 110 | 111 | 111 | 111 |
Reserves | 106 | 136 | 198 | 227 | 309 | 728 | 933 | 1,155 | 1,253 | 1,338 |
300 | 299 | 323 | 372 | 297 | 264 | 88 | 152 | 63 | 59 | |
142 | 170 | 195 | 291 | 338 | 308 | 451 | 522 | 427 | 402 | |
Total Liabilities | 596 | 653 | 760 | 980 | 1,034 | 1,410 | 1,583 | 1,939 | 1,854 | 1,910 |
224 | 238 | 269 | 345 | 363 | 489 | 503 | 646 | 681 | 721 | |
CWIP | 4 | 14 | 18 | 15 | 62 | 8 | 77 | 23 | 24 | 24 |
Investments | 0 | 2 | 1 | 1 | 1 | 1 | 1 | 12 | 92 | 129 |
367 | 400 | 473 | 620 | 608 | 913 | 1,002 | 1,259 | 1,058 | 1,035 | |
Total Assets | 596 | 653 | 760 | 980 | 1,034 | 1,410 | 1,583 | 1,939 | 1,854 | 1,910 |
Cash Flows
Figures in Rs. Crores
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|
123 | 86 | 94 | 162 | 219 | 102 | 292 | -20 | 360 | |
-30 | -51 | -67 | -170 | -105 | -368 | -70 | 20 | -148 | |
-93 | -35 | -24 | 6 | -105 | 257 | -214 | 22 | -122 | |
Net Cash Flow | -0 | 0 | 3 | -2 | 9 | -9 | 8 | 23 | 90 |
Ratios
Figures in Rs. Crores
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|
Debtor Days | 81 | 87 | 69 | 66 | 58 | 40 | 58 | 60 | 56 |
Inventory Days | 57 | 49 | 72 | 96 | 65 | 112 | 60 | 119 | 74 |
Days Payable | 38 | 48 | 42 | 78 | 70 | 59 | 83 | 77 | 56 |
Cash Conversion Cycle | 99 | 87 | 99 | 84 | 54 | 93 | 35 | 102 | 74 |
Working Capital Days | 87 | 84 | 77 | 64 | 39 | 67 | 54 | 91 | 69 |
ROCE % | 15% | 25% | 21% | 21% | 21% | 29% | 28% | 12% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
15 Nov - Transcript of Conference Call held on November 08,2023.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
8 Nov - Audio Recording of the Conference Call held on September 30,2023.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
8 Nov - Newspaper Publication dated: 08.11.23 for UFR for Quarter and Half Year ended 30.09.23.
- Announcement under Regulation 30 (LODR)-Investor Presentation 7 Nov
- Announcement under Regulation 30 (LODR)-Press Release / Media Release 7 Nov
Annual reports
Concalls
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Nov 2023Transcript PPT
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Aug 2023Transcript PPT
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May 2023Transcript PPT
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Feb 2023Transcript PPT
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Nov 2022Transcript PPT
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Aug 2022Transcript PPT
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May 2022Transcript PPT
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May 2022TranscriptNotesPPT
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Feb 2022TranscriptPPT
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Nov 2021TranscriptPPT
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Aug 2021Transcript PPT
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May 2021TranscriptPPT
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May 2021Transcript PPT
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Feb 2021TranscriptPPT
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Feb 2021Transcript PPT
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Dec 2020TranscriptPPT
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Nov 2020Transcript PPT
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Nov 2020TranscriptNotesPPT
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Aug 2020TranscriptPPT
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Aug 2020Transcript PPT
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Jun 2020Transcript PPT
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Feb 2020Transcript PPT
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Feb 2020TranscriptNotesPPT
Market Position
Co. holds ~5% market share in PVC pipes segment and is one of the top six players in the pipes & fittings industry. This is supported by 7200+ SKUs distributed through 11 warehouses and 1500+ channel partners throughout India. [1][2]