Prince Pipes & Fittings Ltd share Price

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. 

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