Prince Pipes & Fittings Ltd

Prince Pipes Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Prince Pipes & Fittings Ltd

₹ 686 -0.83%
29 Nov - close price
princepipes.com BSE: 542907 NSE : PRINCEPIPE
About

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]

Key Points

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]

Website BSE NSE
  • 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
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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

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Quarterly Results

Figures in Rs. Crores

Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023
459 549 761 331 761 664 901 604 636 706 764 554 656
378 446 615 289 638 553 761 560 648 636 616 508 562
Operating Profit 80 103 147 41 123 111 141 44 -11 69 148 45 94
OPM % 18% 19% 19% 12% 16% 17% 16% 7% -2% 10% 19% 8% 14%
3 5 4 2 1 2 0 1 3 1 3 4 22
Interest 5 4 5 3 4 3 4 3 3 2 3 2 1
Depreciation 15 15 15 16 17 18 20 20 21 21 21 22 23
Profit before tax 63 89 131 25 104 92 117 22 -33 48 128 26 93
Tax % 26% 25% 26% 28% 27% 27% 24% 27% 27% 26% 26% 23% 24%
47 67 97 18 76 67 88 16 -24 35 94 20 71
EPS in Rs 4.23 6.07 8.84 1.61 6.92 6.09 7.98 1.45 -2.18 3.20 8.51 1.77 6.39
Raw PDF

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%

Shareholding Pattern

Numbers in percentages

6 Recently
Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
63.25% 63.25% 63.25% 63.25% 62.94% 62.94% 62.94% 62.94% 62.94% 60.94% 60.94% 60.94%
0.83% 2.43% 3.05% 3.60% 4.84% 3.96% 4.15% 3.98% 4.41% 6.25% 6.12% 5.01%
16.24% 15.60% 12.46% 11.77% 13.75% 14.04% 14.51% 14.58% 15.45% 15.75% 16.38% 18.56%
19.69% 18.72% 21.24% 21.38% 18.47% 19.05% 18.39% 18.51% 17.19% 17.06% 16.56% 15.49%
No. of Shareholders 40,70755,1921,27,7381,81,6662,10,3352,55,1372,63,6962,75,1902,61,1312,47,9382,35,3682,05,896

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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