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Prince Pipes & Fittings Ltd share Price

Company details

6M Return 30.11%
1Y Return 19.99%
Mkt Cap.(Cr) 7,725.45
Volume 85,215
Div Yield 0.00%
OI Chg %
Volume 85,215

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Plastic Products company Prince Pipes & Fittings announced Q1FY24 results:

  • Revenue of Rs 554 crore in Q1FY24 compared to Rs 604 crore in Q1FY23, down (8)% YoY
  • Healthy volume growth of ~19% YoY
    • Operating results showed resilience, despite performance being materially disrupted, due to transitioning challenges arising from the ERP implementation
  • EBITDA at Rs 45 crore as compared to Rs 44 crore in Q1FY23, margins at 8.1%
    • Margins were under pressure due to unfavorable product mix and pipe-fitting ratio, due to ERP issues relating to the dispatch of fittings
  • PAT improved by 25% YoY at Rs 20 crore as compared to Rs 16 crore in Q1FY23
  • Company continues to be long-term Debt Free with efficient working capital utilization

Commenting on the performance, Parag Chheda, Joint Managing Director, Prince Pipes and Fittings said, “Our performance this quarter has been resilient, reporting a volume growth of ~19% YoY. At the start of this fiscal, our operations were materially disrupted as we migrated to a new ERP system. As operations normalized, we were quick to enhance focus and improve execution. We are aligned with our vision to aggressively grow the Piping Systems business while diversifying into complementary verticals. We are delighted to share that June 2023 saw the roll-out of Prince Bathware – a world-class range of faucets and sanitaryware. With a strong team in place, we are actively building our presence in this competitive segment.

To be future fit, we are strengthening our manufacturing footprint and capacity with the upcoming new facility in Bihar. On an overall basis, our business outlook continues to be positive as PVC prices remain affordable and economic activity remains healthy. As we work hard in further strengthening our fundamentals, we will continue to focus on volume growth and operational excellence and use our advantages to grow faster and deliver greater shareholder value.”



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Operating Profit
Profit after Tax
Reserves and Surplus
Operating Profit
Profit after Tax

Prince Pipes & Fittings Ltd Stocks COMPARISION


Equity Capital: 1,363.96 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 11,335.64 -17,804.06
LAST 3M 46,789.34 -254.85
LAST 6M 51,082.71 143,805.43
LAST 12M 128,656.49 169,390.95

Prince Pipes & Fittings Ltd Information

Stock PE (TTM)
Promoter Holding
Book Value
  • 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 : investors:princepipes.com
Website : http://www.princepipes.com

Link Intime India Pvt Ltd

AGM Date (Month) : Sep
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 542907
Book Closure Date (Month) :
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 Sep 29, 2023 03:57 PM the closing price of Prince Pipes & Fittings Ltd was ₹ 698.75.

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 Sep 29, 2023 03:57 PM, the market cap of Prince Pipes & Fittings Ltd stood at ₹ 7,725.45.

The latest PE ratio of Prince Pipes & Fittings Ltd as of Sep 29, 2023 03:57 PM is 61.7

The latest PB ratio of Prince Pipes & Fittings Ltd as of Sep 29, 2023 03:57 PM is 0.18

The 52-week high of Prince Pipes & Fittings Ltd is ₹ 760.00 while the 52-week low is ₹ 510.00

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