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 ₹ 2,991 Cr.
- Current Price ₹ 271
- High / Low ₹ 358 / 205
- Stock P/E 28.7
- Book Value ₹ 149
- Dividend Yield 0.18 %
- ROCE 6.12 %
- ROE 4.67 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Debtor days have improved from 65.1 to 51.0 days.
Cons
- The company has delivered a poor sales growth of 4.64% over past five years.
- Company has a low return on equity of 6.14% over last 3 years.
- Dividend payout has been low at 11.3% of profits over last 3 years
* 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
Industrials Capital Goods Industrial Products Plastic Products - Industrial
Part of BSE Industrials BSE 1000
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 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 957 | 1,007 | 1,246 | 1,315 | 1,572 | 1,636 | 2,072 | 2,657 | 2,711 | 2,569 | 2,524 | 2,598 | 2,627 | |
| 875 | 908 | 1,083 | 1,151 | 1,388 | 1,406 | 1,708 | 2,241 | 2,461 | 2,261 | 2,362 | 2,367 | 2,358 | |
| Operating Profit | 82 | 100 | 163 | 164 | 184 | 230 | 364 | 416 | 250 | 307 | 162 | 232 | 270 |
| OPM % | 9% | 10% | 13% | 12% | 12% | 14% | 18% | 16% | 9% | 12% | 6% | 9% | 10% |
| 2 | 0 | 2 | 5 | 7 | 6 | 15 | 5 | 9 | 34 | 13 | 9 | 10 | |
| Interest | 37 | 34 | 36 | 36 | 36 | 33 | 21 | 14 | 11 | 6 | 10 | 10 | 8 |
| Depreciation | 29 | 30 | 33 | 38 | 44 | 52 | 59 | 70 | 83 | 91 | 107 | 131 | 135 |
| Profit before tax | 18 | 37 | 96 | 95 | 111 | 151 | 299 | 337 | 165 | 244 | 59 | 100 | 136 |
| Tax % | 12% | 20% | 23% | 24% | 26% | 25% | 26% | 26% | 26% | 25% | 27% | 27% | |
| 16 | 30 | 74 | 73 | 82 | 113 | 222 | 249 | 121 | 182 | 43 | 73 | 102 | |
| EPS in Rs | 3.27 | 6.15 | 16.48 | 8.08 | 9.12 | 10.23 | 20.16 | 22.56 | 10.98 | 16.51 | 3.90 | 6.62 | 9.23 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 10% | 17% | 16% | 0% | 6% | 13% | 15% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 10% |
| 5 Years: | 5% |
| 3 Years: | -1% |
| TTM: | 5% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 10% |
| 5 Years: | -20% |
| 3 Years: | -15% |
| TTM: | 347% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | -16% |
| 3 Years: | -27% |
| 1 Year: | -9% |
| Return on Equity | |
|---|---|
| 10 Years: | 13% |
| 5 Years: | 9% |
| 3 Years: | 6% |
| Last Year: | 5% |
Balance Sheet
Figures in Rs. Crores
| 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 | 48 | 48 | 45 | 90 | 90 | 110 | 110 | 111 | 111 | 111 | 111 | 111 |
| Reserves | 106 | 136 | 198 | 227 | 309 | 728 | 933 | 1,155 | 1,253 | 1,434 | 1,466 | 1,534 |
| 300 | 299 | 323 | 372 | 297 | 264 | 88 | 152 | 63 | 130 | 277 | 145 | |
| 142 | 170 | 195 | 291 | 338 | 308 | 451 | 522 | 502 | 449 | 466 | 634 | |
| Total Liabilities | 596 | 653 | 760 | 980 | 1,034 | 1,410 | 1,583 | 1,939 | 1,929 | 2,123 | 2,319 | 2,424 |
| 224 | 238 | 269 | 345 | 363 | 489 | 503 | 646 | 681 | 798 | 961 | 1,068 | |
| CWIP | 4 | 14 | 18 | 15 | 62 | 8 | 77 | 23 | 24 | 35 | 20 | 24 |
| Investments | 0 | 2 | 1 | 1 | 1 | 1 | 1 | 12 | 92 | 38 | 27 | 148 |
| 367 | 400 | 473 | 620 | 608 | 913 | 1,002 | 1,259 | 1,133 | 1,252 | 1,312 | 1,183 | |
| Total Assets | 596 | 653 | 760 | 980 | 1,034 | 1,410 | 1,583 | 1,939 | 1,929 | 2,123 | 2,319 | 2,424 |
Cash Flows
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 123 | 86 | 94 | 162 | 219 | 102 | 292 | -20 | 360 | 33 | 119 | 526 | |
| -30 | -51 | -67 | -170 | -105 | -368 | -70 | 20 | -142 | -126 | -235 | -325 | |
| -93 | -35 | -24 | 6 | -105 | 257 | -214 | 22 | -128 | 48 | 120 | -153 | |
| Net Cash Flow | -0 | 0 | 3 | -2 | 9 | -9 | 8 | 23 | 90 | -45 | 4 | 48 |
| Free Cash Flow | 92 | 36 | 26 | -8 | 114 | -16 | 171 | -188 | 266 | -158 | -136 | 313 |
| CFO/OP | 154% | 94% | 71% | 109% | 135% | 61% | 98% | 18% | 160% | 35% | 91% | 229% |
Ratios
Figures in Rs. Crores
| 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 | 81 | 87 | 69 | 66 | 58 | 40 | 58 | 60 | 56 | 83 | 61 | 51 |
| Inventory Days | 57 | 49 | 72 | 96 | 65 | 112 | 60 | 119 | 74 | 88 | 118 | 95 |
| Days Payable | 38 | 48 | 42 | 78 | 70 | 59 | 83 | 77 | 56 | 50 | 51 | 76 |
| Cash Conversion Cycle | 99 | 87 | 99 | 84 | 54 | 93 | 35 | 102 | 74 | 121 | 129 | 71 |
| Working Capital Days | 9 | 16 | 22 | 16 | 5 | 22 | 39 | 70 | 60 | 88 | 82 | 72 |
| ROCE % | 15% | 25% | 21% | 21% | 21% | 29% | 28% | 12% | 15% | 4% | 6% |
Insights
In beta| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Number of Channel Partners count |
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| Number of SKUs count |
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| Total Installed Capacity MTPA |
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| Capacity Utilization % |
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Extracted by Screener AI
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
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Announcement under Regulation 30 (LODR)-Newspaper Publication
- Publication of Unaudited Financial Results for the quarter ended June 30, 2026
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
- Audio recording link shared for Q1 FY27 earnings call held August 04, 2026.
- Announcement under Regulation 30 (LODR)-Investor Presentation
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
- Prince Pipes Q1 FY27 revenue rose 5% to Rs 609 Cr; PAT jumped to Rs 34 Cr.
Annual reports
Concalls
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Market Position[1]
Co. holds ~5% market share in PVC pipes and is one of the top six players in the pipes & fittings industry. This is supported by 7200+ SKUs distributed through 10 warehouses and 1500+ channel partners throughout India.
It is among the Top 5 processors in the Piping Industry.[2]