Prince Pipes & Fittings Ltd

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

Prince Pipes & Fittings Ltd

₹ 564 -1.73%
24 Mar - 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

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]

Website BSE NSE
  • 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
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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

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Quarterly Results

Figures in Rs. Crores

Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
396 431 302 459 549 761 331 761 664 901 604 636 706
343 373 271 378 446 615 289 638 553 761 560 648 636
Operating Profit 53 58 32 80 103 147 41 123 111 141 44 -11 69
OPM % 13% 13% 10% 18% 19% 19% 12% 16% 17% 16% 7% -2% 10%
1 5 5 3 5 4 2 1 2 0 1 3 1
Interest 9 8 7 5 4 5 3 4 3 4 3 3 2
Depreciation 13 14 14 15 15 15 16 17 18 20 20 21 21
Profit before tax 32 40 16 63 89 131 25 104 92 117 22 -33 48
Tax % 24% 30% 30% 26% 25% 26% 28% 27% 27% 24% 27% 27% 26%
Net Profit 24 28 11 47 67 97 18 76 67 88 16 -24 35
EPS in Rs 2.21 2.57 1.02 4.23 6.07 8.84 1.61 6.92 6.09 7.98 1.45 -2.18 3.20
Raw PDF

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%

Shareholding Pattern

Numbers in percentages

3 recently
Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
63.25 63.25 63.25 63.25 63.25 63.25 63.25 62.94 62.94 62.94 62.94 62.94
0.92 0.66 0.83 0.83 2.43 3.05 3.60 4.84 3.96 4.15 3.98 4.41
19.29 18.82 17.48 16.24 15.60 12.46 11.77 13.75 14.04 14.51 14.58 15.45
16.54 17.27 18.44 19.69 18.72 21.24 21.38 18.47 19.05 18.39 18.51 17.19

* 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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Documents

Announcements

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DRHP

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