Prince Pipes & Fittings Ltd

PRINCEPIPE

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Market Cap

₹ 2,772 Cr

P/E

119.40

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Investment Checklist

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Performance

STEADY PERFORMER

Valuation

REASONABLE

Growth

SLUGGISH

Profitability

MODERATE MARGIN

Technicals

Bearish

Risk

MODERATE RISK

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Price

PE Ratio

Price

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Overview

Detailed Summary

Prince Pipes and Fittings Limited is a major Indian manufacturer of polymer piping solutions. They market products under 'Prince Piping Systems' and 'Trubore Piping Systems'.

Recent strategic advances include their selection as the CPVC pipe supplier for the Navi Mumbai Airport project, signifying their growing reputation in high-stakes infrastructure projects.

Prince Pipes expanded its production footprint with the successful commissioning of Phase 2 at their Bihar manufacturing unit, enhancing their operational scale across India.

Despite a challenging market with volatile PVC resin prices and subdued demand, Prince Pipes aims for a high single-digit growth in the next fiscal year, indicating resilience in their operational strategies.

Their diversified product range now includes the bathware brand 'Aquel', aiming to capture the high-value segment in urban and semi-urban markets.

Sector

Plastic products

Industry

Plastics - Pipes

Market Cap

2,772 Cr

Volatility

High Risk

P/E Ratio

119.4

Industry P/E

48.4

PEG Ratio

1.2

P/B Ratio

1.7

52W High

434.35

52W Low

210.00

Sales CAGR

-1.75%

-1.70%

9.06%

10Y

—

Profit CAGR

-76.36%

-44.28%

-17.45%

10Y

—

ROE

TTM

1.46%

7.74%

12.05%

10Y

13.87%

ROCE

TTM

2.58%

10.49%

16.47%

10Y

18.86%

Technicals

‌

Forecasts

No. of Analysts

19

1Y Price Target

369.39 ▲ 45.83%

Q3 EPS Estimate

Q3 Revenue Estimate

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Price, EPS and Revenue Projections

Strong SellSellHoldBuyStrong Buy

Buy

Strong Buy

Buy

Hold

Sell

Strong Sell

updated on

Dec 03, 2025

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
PRINCEPIPE	250.40	2,772 Cr	119.40	1.74	0.20	1.46	2.58	1.04
APOLLOPIPE	297.00	1,376 Cr	53.45	1.67	0.22	3.12	5.04	2.15
POLYSIL	305.80	688 Cr	—	16.27	0.00	-3.24	0.58	-1.72
PPL	252.65	606 Cr	11.42	1.32	0.95	11.60	16.39	9.47
KISAN	27.01	323 Cr	900.33	2.14	0.00	0.19	1.30	0.13
CAPPIPES	11.83	182 Cr	20.08	3.89	0.00	19.50	15.11	10.23
REXPIPES	153.50	145 Cr	28.06	3.97	0.00	14.23	14.41	6.62

Financial Statements

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Standalone Quarterly Results (in ₹ Crores)

Total Figures

QoQ Changes

Total Figures

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Sales	554	656	619	740	604	622	578	720	580	595
Expenses	508	562	543	648	546	576	575	665	541	539
Operating Profit	45	94	76	92	58	46	2.96	55	40	55
OPM %	8.19	14.35	12.23	12.47	9.64	7.34	0.51	7.62	6.82	9.27
Other Income	3.80	22	3.01	5.33	2.57	3.94	1.52	5.72	2.74	1.62
Interest	1.74	0.69	2.71	1.35	1.45	1.64	3.25	3.34	5.20	4.48
Depreciation	22	23	23	24	26	28	26	27	31	32
Profit Before Tax	26	93	53	72	34	20	-25	30	6.36	20
Tax %	23.24	23.91	29.07	24.44	26.70	28.00	18.90	19.24	24.21	25.95
Net Profit	20	71	38	55	25	15	-20	24	4.82	15
EPS in Rs	1.77	6.39	3.40	4.94	2.23	1.33	-1.85	2.19	0.44	1.32

Standalone Profit Loss (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	1,330	1,321	1,572	1,636	2,072	2,657	2,711	2,569	2,524	2,524
Expenses	1,084	1,152	1,388	1,407	1,710	2,241	2,461	2,261	2,362	2,362
Operating Profit	246	169	184	229	362	416	250	307	162	162
OPM %	18.51	12.79	11.71	13.99	17.46	15.64	9.23	11.97	6.41	6.41
Other Income	2.48	6.03	7.13	6.94	18	5.47	8.55	34	14	14
Interest	36	36	36	33	21	14	11	6.50	9.67	9.68
Depreciation	33	38	44	52	59	70	83	91	107	107
Profit Before Tax	96	95	111	151	299	337	165	244	59	59
Tax %	22.65	23.54	26.21	25.28	25.85	25.96	26.34	25.13	26.70	26.69
Net Profit	74	73	82	113	222	249	121	182	43	43
EPS in Rs	—	—	—	9.31	20.02	22.57	10.98	16.50	3.90	2.10
Dividend Payout %	0.00	0.00	0.00	8.50	17.37	15.47	0.00	6.06	12.82	—

Standalone Balance Sheet (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	45	90	90	110	110	111	111	111	111
Reserves	198	227	309	728	933	1,155	1,253	1,434	1,466
Borrowings	295	324	251	248	88	152	63	130	277
Other Liabilities	223	339	384	325	451	522	502	449	466
Total Liabilities	761	980	1,034	1,410	1,583	1,939	1,929	2,123	2,319
Fixed Assets	269	345	363	489	503	646	681	798	961
CWIP	18	15	62	7.53	77	23	24	35	20
Investments	0.73	0.74	0.78	0.63	1.46	12	92	38	27
Other Assets	473	620	608	913	1,002	1,259	1,133	1,252	1,312
Total Assets	761	980	1,034	1,410	1,583	1,939	1,929	2,123	2,319

Standalone Cash Flows (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	97	162	219	102	292	-20	360	33	119
Cash from Investing Activity	-68	-170	-105	-368	-70	20	-142	-126	-235
Cash from Financing Activity	-26	5.54	-105	257	-214	22	-128	48	120
Net Cash Flow	2.67	-2.49	8.66	-8.83	8.39	23	90	-45	4.09

Shareholdings

Shareholding History

Quarterly

Yearly

Quarterly

	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Promoters	62.94%	60.94%	60.94%	60.94%	60.94%	60.94%	60.94%	60.94%	60.94%	60.94%	60.94%	60.94%
FIIs	4.41%	6.24%	6.12%	5.01%	5.74%	5.15%	6.44%	7.27%	6.06%	6.19%	3.75%	3.71%
DIIs	15.46%	15.75%	16.38%	18.56%	18.40%	18.53%	18.37%	17.53%	16.44%	14.98%	15.73%	15.96%
Public	17.19%	17.06%	16.56%	15.49%	14.92%	15.37%	14.25%	14.26%	16.55%	17.89%	19.58%	19.39%
Total Shareholders	2,61,131	2,47,938	2,35,368	2,05,896	2,00,095	2,05,460	1,83,979	1,87,981	1,97,576	1,99,682	2,00,249	1,97,742

Market Transactions

Date	Party	Category	Type	Avg Price (₹)	Total Value (₹)	Quantity	Percent Traded
Oct 01, 2025	Tejal kishor mehta	Insider - Employee	Revoke	323.35	0.10 Cr	3,000	0.00
Oct 01, 2025	Tejal kishor mehta	Insider - Employee	Disposal	323.35	0.10 Cr	3,000	0.00
Oct 01, 2025	Tejal kishor mehta	Insider - Employee	Revoke	330.00	0.10 Cr	3,000	0.00
Oct 01, 2025	Tejal kishor mehta	Insider - Employee	Disposal	330.00	0.10 Cr	3,000	0.00
Sep 02, 2025	Manish solanki	Insider - Employee	Revoke	200.00	0.51 Cr	25,718	0.02
Jun 20, 2025	Vipul jayant chheda revised	Insider - Promoter	Disposal	—	—	1,24,56,182	11.2
Jun 20, 2025	Parag jayant chheda revised	Insider - Promoter	Disposal	—	—	83,04,121	7.51
Jun 20, 2025	Diamond family trust revised	Insider - Promoter Group	Acquisition	—	—	41,52,061	—
Jun 20, 2025	Emerald family trust revised	Insider - Promoter Group	Acquisition	—	—	51,90,076	—
Jun 20, 2025	Ruby family trust revised	Insider - Promoter Group	Acquisition	—	—	31,14,045	—

Projection

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Actions

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Announcements

Last 7 days

Newest

Sentiment

Credit Rating

6 days ago

Credit Rating Reaffirmation by CRISIL

CRISIL has reaffirmed the credit ratings for Prince Pipes and Fittings Limited at 'Crisil A+/Negative' for long-term and 'Crisil A1+' for short-term instruments amounting to Rs. 768 Crore.

Documents

Presentations

Concalls

Reports

Presentations

Investor Presentation

Q2 FY26

Investor Presentation

Q1 FY26

Investor Presentation

Q4 FY25

Investor Presentation

Q3 FY25

Investor Presentation

Q2 FY25

Investor Presentation

Q1 FY25

Investor Presentation

Q4 FY24

Investor Presentation

Q3 FY24

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Overview

Detailed Summary

Prince Pipes and Fittings Limited is a major Indian manufacturer of polymer piping solutions. They market products under 'Prince Piping Systems' and 'Trubore Piping Systems'.

Recent strategic advances include their selection as the CPVC pipe supplier for the Navi Mumbai Airport project, signifying their growing reputation in high-stakes infrastructure projects.

Prince Pipes expanded its production footprint with the successful commissioning of Phase 2 at their Bihar manufacturing unit, enhancing their operational scale across India.

Their diversified product range now includes the bathware brand 'Aquel', aiming to capture the high-value segment in urban and semi-urban markets.

Sector

Plastic products

Industry

Plastics - Pipes

Market Cap

2,772 Cr

Volatility

High Risk

P/E Ratio

119.4

Industry P/E

48.4

PEG Ratio

1.2

P/B Ratio

1.7

52W High

434.35

52W Low

210.00

Sales CAGR

-1.75%

-1.70%

9.06%

10Y

—

Profit CAGR

-76.36%

-44.28%

-17.45%

10Y

—

ROE

TTM

1.46%

7.74%

12.05%

10Y

13.87%

ROCE

TTM

2.58%

10.49%

16.47%

10Y

18.86%