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 ₹ 6,235 Cr.
- Current Price ₹ 564
- High / Low ₹ 730 / 510
- Stock P/E 54.0
- Book Value ₹ 112
- Dividend Yield 0.62 %
- ROCE 27.6 %
- ROE 21.6 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 27.3% CAGR over last 5 years
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 | TTM | |
---|---|---|---|---|---|---|---|---|---|
957 | 1,007 | 1,246 | 1,315 | 1,572 | 1,636 | 2,072 | 2,657 | 2,848 | |
875 | 908 | 1,083 | 1,151 | 1,388 | 1,406 | 1,708 | 2,241 | 2,605 | |
Operating Profit | 82 | 100 | 163 | 164 | 184 | 230 | 364 | 416 | 243 |
OPM % | 9% | 10% | 13% | 12% | 12% | 14% | 18% | 16% | 9% |
2 | 0 | 2 | 5 | 7 | 6 | 15 | 5 | 5 | |
Interest | 37 | 34 | 36 | 36 | 36 | 33 | 21 | 14 | 12 |
Depreciation | 29 | 30 | 33 | 38 | 44 | 52 | 59 | 70 | 82 |
Profit before tax | 18 | 37 | 96 | 95 | 111 | 151 | 299 | 337 | 154 |
Tax % | 12% | 20% | 23% | 24% | 26% | 25% | 26% | 26% | |
Net Profit | 16 | 30 | 74 | 73 | 82 | 113 | 222 | 249 | 116 |
EPS in Rs | 3.27 | 6.15 | 16.48 | 8.08 | 9.12 | 10.23 | 20.16 | 22.56 | 10.45 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 10% | 17% | 16% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 16% |
3 Years: | 19% |
TTM: | 13% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 27% |
3 Years: | 46% |
TTM: | -55% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 79% |
1 Year: | -13% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 22% |
3 Years: | 22% |
Last Year: | 22% |
Balance Sheet
Figures in Rs. Crores
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Sep 2022 | |
---|---|---|---|---|---|---|---|---|---|
48 | 48 | 45 | 90 | 90 | 110 | 110 | 111 | 111 | |
Reserves | 106 | 136 | 198 | 227 | 309 | 728 | 933 | 1,155 | 1,124 |
300 | 299 | 323 | 372 | 297 | 264 | 88 | 152 | 140 | |
142 | 170 | 195 | 291 | 338 | 308 | 451 | 522 | 339 | |
Total Liabilities | 596 | 653 | 760 | 980 | 1,034 | 1,410 | 1,583 | 1,939 | 1,714 |
224 | 238 | 269 | 345 | 363 | 489 | 503 | 646 | 668 | |
CWIP | 4 | 14 | 18 | 15 | 62 | 8 | 77 | 23 | 23 |
Investments | 0 | 2 | 1 | 1 | 1 | 1 | 1 | 12 | 51 |
367 | 400 | 473 | 620 | 608 | 913 | 1,002 | 1,259 | 972 | |
Total Assets | 596 | 653 | 760 | 980 | 1,034 | 1,410 | 1,583 | 1,939 | 1,714 |
Cash Flows
Figures in Rs. Crores
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|
123 | 86 | 94 | 162 | 219 | 102 | 292 | -20 | |
-30 | -51 | -67 | -170 | -105 | -368 | -70 | 20 | |
-93 | -35 | -24 | 6 | -105 | 257 | -214 | 22 | |
Net Cash Flow | -0 | 0 | 3 | -2 | 9 | -9 | 8 | 23 |
Ratios
Figures in Rs. Crores
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|
Debtor Days | 81 | 87 | 69 | 66 | 58 | 40 | 58 | 60 |
Inventory Days | 57 | 49 | 72 | 96 | 65 | 112 | 60 | 119 |
Days Payable | 38 | 48 | 42 | 78 | 70 | 59 | 83 | 77 |
Cash Conversion Cycle | 99 | 87 | 99 | 84 | 54 | 93 | 35 | 102 |
Working Capital Days | 87 | 84 | 77 | 64 | 39 | 67 | 54 | 91 |
ROCE % | 15% | 25% | 21% | 21% | 21% | 29% | 28% |
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 28 Feb
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 17 Feb
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 17 Feb
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 15 Feb
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
14 Feb - In continuation to our letter No PPFL/SE/2022-23/067 dated February 03,2023 please find enclosed herewith transcript of the Conference Call for Analyst and Investors held on …
Annual reports
Concalls
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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
IPO of the Company
In Dec 2019, the co. raised ₹ 500 Cr comprising 50% as OFS of 14.04 Million equity shares by existing shareholders and 50% Fresh Issue of 14.04 million equity shares at an offer price of ₹178 per share.
The IPO proceeds were intended to be used for setting up the plant at Telangana, up-gradation of equipment at its manufacturing facilities and also for repayment of the debt. [1]