loader2
Partner With Us NRI

Prince Pipes & Fittings Ltd share Price Today

Company details

683.85
710.15
521.35
776.00
6M Return -1.96%
1Y Return 6.33%
Mkt Cap.(Cr) 7,694.49
Volume 487,443
Div Yield 0.15%
OI
-
OI Chg %
-
Volume 487,443

Open Free Trading Account Online with ICICIDIRECT

Incur '0' Brokerage upto ₹500

Plastic Products company Prince Pipes & Fittings announced FY24 results:

  • Delivered Revenue performance at Rs 2,569 crore, post successfully navigating volume loss issues earlier this year.
  • EBITDA improved by 23% YoY to Rs 307 crore as compared to Rs 250 crore, margins at 12%.
  • PAT was higher by 51% YoY at Rs 183 crore as compared to Rs 121 crore.
  • The Board of Directors of the Company at its meeting held on 16th May 2024 has recommended a final dividend of Rs 1 per equity share of Rs 10/- each for the year ended 31st March 2024.

Commenting on the performance, Parag Chheda, Joint Managing Director, Prince Pipes and Fittings Limited, said, “This fiscal we laid primary focus on implementing growth strategies, further building on our strong fundamentals and orienting efforts to drive volume growth. We achieved 16% volume expansion in Q4, driven by our operational assertiveness, efficient supply chain management, robust distribution network, and brand equity. All corporate initiatives undertaken this fiscal are aligned with our growth-led vision backed by the tremendous potential of India’s economic progress.

In line with our expansion goals, the construction of our Begusarai plant is progressing on course as this marks Prince Pipes’ dynamic expansion in East India – which is a major frontier of growth for us. We also strengthened our bathware platform through the acquisition of the iconic brand Aquel. This allows us to build greater depth for Prince’s bathware segment, and we have already launched the brand Aquel by Prince this quarter. The build-out of this segment has also gained momentum as we achieve the first full quarter of sales and undertake key staff appointments across disciplines, in all regions.

Prince is building several levers of growth that will give greater play to our strategies to become a stronger, greater, and more resilient enterprise. With this acquisition, the overall addressable market for Prince would be over ~Rs. 60,000 crores spread over Pipes, Water Tanks and Bathware, where we have several differentiating strengths.

In a dynamic landscape, Prince Pipes is well poised to leverage industry opportunities. As we progress, we will continue to focus on quick response, agility, and implementation to unlock greater value in the business.” 

Result PDF

View Other Company Results

Prince Pipes & Fittings Ltd shares SWOT Analysis

Strengths (5)

  • Strong Momentum: Price above short, medium and long term moving averages
  • Growth in Net Profit with increasing Profit Margin (QoQ)
  • Company with Low Debt

Weakness (4)

  • MFs decreased their shareholding last quarter
  • Degrowth in Quarterly Revenue and Profit in Recent Results(YoY)
  • Declining Net Cash Flow : Companies not able to generate net cash

Opportunity (4)

  • Positive Breakout First Resistance ( LTP > R1)
  • Negative to Positive growth in Sales and Profit with Strong Price momentum
  • RSI indicating price strength

Threats (2)

  • High PE (PE > 40)
  • Increasing Trend in Non-Core Income

Resistance and support

R1 692.6
R2 701.2
R3 712.4
Pivot

681.38

S1 672.8
S2 661.6
S3 653.0
EMA SMA
635.0
626.6
630.0
638.0
633.8
626.3
618.0
658.8
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
GRAVITON RESEARCH CAPITAL LLP Bulk Purchase 2023-11-08 698.23 958518 NSE
NK SECURITIES RESEARCH PRIVATE LIMITED Bulk Purchase 2023-11-08 713.12 569713 NSE
GRAVITON RESEARCH CAPITAL LLP Bulk Sell 2023-11-08 698.65 958518 NSE
Name Category Shares
Parag Jayant Chheda PROMOTER 18.78%
Vipul Jayant Chheda PROMOTER 18.78%
Tarla J Chheda PROMOTER 15.73%
Jayant Shamji Chheda PROMOTER 6.02%
Jayant Shamji Chheda (Trustee of VS Family Trust) PROMOTER 1.09%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Prince Pipes & Fittings Ltd Stocks COMPARISON

Financials( in Cr) Prince Pipes & Fittings Ltd Supreme Industries Ltd Astral Ltd Finolex Industries Ltd Safari Industries (India) Ltd
Price 695.95 6,055.95 2,236.20 335.80 2,044.80
% Change 1.74 -1.70 0.44 -1.02 0.93
Mcap Cr 7,694.49 76,926.92 60,070.37 20,835.62 9,971.88
Revenue TTM Cr 2,710.87 10,134.26 5,158.50 4,397.05 1,211.98
Net Profit TTM Cr 121.42 1,069.72 472.50 250.70 125.09
PE TTM 44.66 75.76 109.46 44.45 56.22
1 Year Return 6.33 108.86 13.67 103.15 41.76
ROCE 12.25 29.36 25.53 6.42 37.54
ROE 9.24 22.49 18.73 5.13 34.43
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 1,363.96 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 34,884.91 -9,332.45
LAST 3M 106,892.87 -46,178.73
LAST 6M 180,013.62 -16,713.35
LAST 12M 285,796.32 100,710.28
Prince Pipes And Fittings Limited - Analysts/Institutional Investor Meet/Con. Call Updates

Jun 11, 2024 l NSE Announcement

Prince Pipes And Fittings Limited - Copy of Newspaper Publication

Jun 06, 2024 l NSE Announcement

Date Action Type Ratio
Sep 13, 2022 Dividend 20

Prince Pipes & Fittings Ltd Information

Stock PE (TTM)
44.66
Promoter Holding
60.94%
Book Value
139.6876
ROCE
12.25%
ROE
9.24%
Description
  • Prince Pipes & Fittings Ltd. is one of the largest PVC pipe manufacturers and multi-polymer processors in India. It manufactures integrated piping solutions using four types of polymers—UPVC, PP-R, HDPE, and CPVC. The company was incorporated in 1987, with its headquarters in Mumbai. During FY 2021-2022, Prince Pipes & Fittings Ltd.’s total revenue was Rs 2,662.30 crore, up 27.44% from the previous financial year, 2020-2021. On 26 August 2022, the company’s market capitalisation stood at Rs 6,419 crore. 

    The company is listed on the Bombay Stock Exchange with the code 542907 and on the National Stock Exchange with the code PRINCEPIPE.  

    Prince Pipes & Fittings Ltd. manufactures world-class plumbing, sewerage, and drainage piping systems for residential and commercial applications and CPVC piping systems for industrial and infrastructure projects. It has seven ultra-modern manufacturing units at Dadra (Dadra and Nagar Haveli), Chennai (Tamil Nadu), Athal (Dadra and Nagar Haveli), Haridwar (Uttarakhand), Sangareddy (Telangana), Kolhapur (Maharashtra), and Jobner (Rajasthan). 

    On 30 June 2022, the company’s shareholding pattern revealed a promoter stake of 62.94%, a foreign institutional investor stake of 4.15%, a domestic institutional investor stake of 14.51%, and a public stake of 18.39%. The leading promoter is Mr Vipul Jayant Chheda with a 20.03% share, followed by Mr Parag Jayant Chheda with a 19.52% share. In the June 2022 quarter, the company’s mutual fund holdings increased from 9.79% to 10.09%, while its FII holdings increased from 3.96% to 4.15%.  

    The company’s top management includes Mr Jayant Shamji Chheda, Mr Ramesh Chandak, Mr Vipul Jayant Chheda, Mr Parag Jayant Chheda, Mr Satish Chavva, Mr Rajendra Gogri, Mr Dilip Deshpande, Mr Mohinder Pal Bansal, and Mrs Uma Mandavgane. The auditors are Khimji Kunverji & Co. LLP. On 30 June 2022, the company’s total outstanding shares were 11.06 crores.  

    On 26 August 2022, Prince Pipes & Fittings Ltd.’s share price closed at Rs 582 on BSE and at Rs 580.60 on NSE. The 52-week high for Prince Pipes & Fittings Ltd.’s share price was Rs 897, and the 52-week low for the company’s share price was Rs 549.30.  

    As of July 2022, the company’s mutual fund holdings included Mirae Asset Great Consumer Fund, UTI-Small Cap Fund, and Invesco India Smallcap Fund, with a 1.75% stake, 1.33% stake, and 0.95% stake, respectively. 

    Disclaimer: ICICI Securities Ltd. (I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is a Member of National Stock Exchange of India Ltd (Member Code :07730), BSE Ltd (Member Code :103) and Member of Multi Commodity Exchange of India Ltd. (Member Code: 56250) and having SEBI registration no. INZ000183631. Name of the Compliance officer (broking): Mr. Anoop Goyal, Contact number: 022-40701000, E-mail address: complianceofficer@icicisecurities.com. Investment in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest.  I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. The contents herein above are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product. Investors should consult their financial advisers whether the product is suitable for them before taking any decision. The contents herein mentioned are solely for informational and educational purpose 

Registered Address

Plot No 1 Honda Indl Estat, Phase II Honda Sattari Honda, Goa, Goa, 403530

Tel : 91-22-66022222
Email : investor:princepipes.com
Website : http://www.princepipes.com
Registrar

Link Intime India Pvt Ltd

AGM Date (Month) : Sep
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 542907
NSE Code : PRINCEPIPE
Book Closure Date (Month) : Sep
BSE Group : A
ISIN : INE689W01016

FAQ’s on Prince Pipes & Fittings Ltd Shares

You can buy Prince Pipes & Fittings Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Prince Pipes & Fittings Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Jun 13, 2024 03:59 PM the closing price of Prince Pipes & Fittings Ltd was Rs.695.95.

The latest PE ratio of Prince Pipes & Fittings Ltd as of Jun 13, 2024 03:59 PM is 44.66

The latest PB ratio of Prince Pipes & Fittings Ltd as of Jun 13, 2024 03:59 PM is 0.20

The 52-week high of Prince Pipes & Fittings Ltd share price is Rs. 776.00 while the 52-week low is Rs. 521.35

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of Jun 13, 2024 03:59 PM, the market cap of Prince Pipes & Fittings Ltd stood at Rs. 7,694.49.

Download App

Download Our App

Play Store App Store
market app