Prince Pipes And Fittings Limited (PRINCEPIPE)

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Prince Pipes And Fittings Limited (PRINCEPIPE) · mywealthgrid

About

Prince Pipes and Fittings manufactures plastic products for industrial applications in mid-sized market (₹3,141 Cr). Positioned in industrials sector's plastics segment, likely serving construction, infrastructure, and manufacturing.

Face value: ₹10

Market cap

₹2,731 Cr

P/E

26.7×

P/B

1.7×

Dividend yield

0.4%

ROE

4.5%

ROCE

6.4%

Debt / equity

0.09

OPM

8.9%

EPS (TTM)

₹9.2

Book value

₹148.7

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Margin volatility: OPM ranged 0.51%–12.9% over 8 quarters, with losses in Dec 2024 (-₹20.42 Cr) and Dec 2025 (-₹2.37 Cr). Verify if seasonal weakness or structural.

Revenue stagnation: ₹573–850 Cr over 8 quarters shows no growth trend. Verify if pursuing growth or managed decline.

Low ROE (4.54%) vs high PE (30.76)—valuation risk if performance doesn't improve or margins revert.

Negative 1y return (-4.91%) despite dividends suggests market skepticism on recovery.

Generated analysis · source review pending

Growth drivers

Margin recovery: OPM improved 7.62% (Mar 2025) to 12.66%–12.9% (Jun–Mar 2026), expanding profit on flat revenue. Verify if permanent.

Infrastructure capex cycles: Industrial plastics depend on India's construction and manufacturing capex. Verify current pipelines and momentum.

Operating leverage: Recovery from Dec 2025 loss (-₹2.37 Cr) to Jun 2026 profit (₹33.75 Cr) suggests fixed cost base. Verify if stabilized.

Generated analysis · source review pending

1,669 historical price candles were omitted because the exchange source has not been verified.

₹246.9-3.5%1Y

Quick read

rule-based

Pros

+Almost debt-free (debt/equity 0.1)
+Comfortable interest coverage of 11.6×
+High promoter holding of 61% with no pledge

Cons

−Low return on equity of 6.6% (3-yr avg)
−Profit declined 19.9% a year over the last 5 years
−Modest revenue growth of 4.6% a year over the last 5 years
−Low dividend payout of 10.8% of profit

Research score

Structured signal from quality, growth, valuation and momentum.

46/100

Business quality: 38
Growth: 33

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Standalone figures · ₹ crore

₹ Cr	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	1,572	1,636	2,072	2,657	2,711	2,569	2,524	2,598
COGS	1,127	1,126	1,379	1,891	2,092	1,819	1,884	1,894
Gross profit	445	509	693	765	619	749	640	704
	260	280	331	350	368	442	478	472
	184	229	362	416	250	307	162	232
OPM %	11.7%	14%	17.5%	15.6%	9.2%	12%	6.4%	8.9%
Depreciation	44	52	59	70	83	91	107	131
Interest	36	33	21	14	11	7	10	10
	7	7	18	5	9	34	14	8
Profit before tax	111	151	299	337	165	244	59	99
Tax	29	38	77	87	43	61	16	26
Tax %	26.2%	25.3%	25.9%	26%	26.3%	25.1%	26.7%	26.1%
	82	113	222	249	121	183	43	73
PAT margin %	5.2%	6.9%	10.7%	9.4%	4.5%	7.1%	1.7%	2.8%
EPS (₹)	—	11.8	20.2	22.6	11	14.9	3.9	6.6
EPS adjusted (₹)	9.1	10.2	20.2	22.6	11	16.5	3.9	6.6
	—	8.5%	17.4%	15.5%	0%	6.7%	12.8%	15.1%
Annual report	—	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	—

₹ Cr	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	90	110	110	111	111	111	111	111
Reserves	309	728	933	1,155	1,253	1,434	1,466	1,534
	251	243	85	150	58	114	264	140
	384	329	454	524	432	464	479	639
Total equity & liabilities	1,034	1,410	1,583	1,939	1,854	2,123	2,319	2,424
	363	484	500	644	681	782	948	1,061
CWIP	62	8	77	22	19	35	20	24
Investments	1	1	12	12	92	53	39	154
	608	918	995	1,261	1,063	1,252	1,312	1,185
Total assets	1,034	1,410	1,583	1,939	1,854	2,123	2,319	2,424

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Ratios

Annual operating, return, leverage and working-capital ratios.

Standalone figures

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	28.3%	31.1%	33.4%	28.8%	22.8%	29.2%	25.4%	27.1%
EBITDA margin %	11.7%	14%	17.5%	15.6%	9.2%	12%	6.4%	8.9%
EBIT margin %	8.9%	10.8%	14.6%	13%	6.2%	8.4%	2.2%	3.9%
PAT margin %	5.2%	6.9%	10.7%	9.4%	4.5%	7.1%	1.7%	2.8%
Working capital
Receivable days	58	40	58	60	56	83	61	51
Inventory days	65	112	60	119	74	88	118	95
Payable days	—	—	—	—	56	50	51	76
NWC days	—	—	—	—	74	121	129	71
Leverage
Current ratio	1.09	1.72	1.88	1.89	2.45	2.43	2.12	1.96
Debt to EBITDA	1.37	1.06	0.24	0.36	0.23	0.37	1.63	0.6
Debt to equity	0.63	0.29	0.08	0.12	0.04	0.07	0.17	0.09
Interest coverage	4.1	5.5	15.5	25.2	16	35.7	7.1	11.6
Asset turnover	1.52	1.16	1.31	1.37	1.46	1.21	1.09	1.07
Return ratios
Return on assets %	7.9%	8%	14%	12.9%	6.5%	8.6%	1.9%	3%
Return on capital employed %	27.2%	25.1%	32.2%	29.7%	13.1%	15.5%	4.1%	6.4%
Return on equity %	20.6%	13.4%	21.3%	19.7%	8.9%	11.8%	2.7%	4.4%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	60.94%	60.94%	60.94%	60.94%	60.94%	60.94%	60.94%	60.94%	60.94%	60.94%	60.95%	60.95%
	5.01%	5.74%	5.15%	6.44%	7.27%	6.06%	6.19%	3.75%	3.71%	3.54%	3.54%	3.05%
	18.56%	18.4%	18.53%	18.37%	17.53%	16.44%	14.98%	15.73%	15.96%	15.61%	15.54%	15.33%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	15.49%	14.92%	15.38%	14.25%	14.26%	16.56%	17.89%	19.58%	19.39%	19.91%	19.97%	20.67%
No. of shareholders	—	—	—	—	—	—	—	—	1,97,742	1,93,422	1,87,493	1,85,165

Promoter holding up 0.01 percentage points since Sep 2023.

2 disclosures

Person	Deal	Shares	Value	Holding	Filed
TEJAL KISHOR MEHTA	SellMarket Sale	3,000	₹9.7 L	0.01% → 0.01%	1 Oct 20257(2)
MANISH SOLANKI	Pledge Revoke	25,718	₹51.44 L	0.02% → 0.02%	2 Sept 2025

7 deals · 17 Feb 2023 – 8 Nov 2023

Date	Client	Type	Venue	Side	Quantity	Price	Value
8 Nov 2023	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	9,58,518	₹698.23	₹66.93 Cr
8 Nov 2023	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	9,58,518	₹698.65	₹66.97 Cr
8 Nov 2023	NK SECURITIES RESEARCH PRIVATE LIMITED	Bulk	NSE	Sell	5,69,713	₹713.70	₹40.66 Cr
8 Nov 2023	NK SECURITIES RESEARCH PRIVATE LIMITED	Bulk	NSE	Buy	5,69,713	₹713.12	₹40.63 Cr
17 Feb 2023	VIPUL JAYANT CHHEDA	Bulk	BSE	Sell	13,27,500	₹585.00	₹77.66 Cr
17 Feb 2023	NORGES BANK ON ACCOUNT OF THE GOVERNMENT PENSION FUND GLOBAL	Bulk	BSE	Buy	9,02,000	₹585.00	₹52.77 Cr
17 Feb 2023	PARAG JAYANT CHHEDA	Bulk	NSE	Sell	8,23,000	₹585.00	₹48.15 Cr

1–7 of 7

1 / 1

Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

Mr. Jayant Shamji ChhedaExecutive Director-Chairperson related to Promoter-MD
Mr. Parag Jayant ChhedaExecutive Director
Mr. Vipul Jayant ChhedaExecutive Director
Mr. Rajendra Vallabhaji GogriNon-Executive - Independent Director
Mrs. Amisha Niraj VoraNon-Executive - Independent Director
Mr. Ankur Mohinder BansalNon-Executive - Independent Director
Mr. Anand GuptaChief Financial Officer
Ms. Jyoti SanchetiCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

Portfolio month

Schemes holding

across 2 fund houses

Held by these funds

5.19%

of the company's equity

All mutual funds

15.26%

shareholding pattern, Jun 2026

Portfolios as of

August 2026

compared with July 2026

3 schemes · 2 fund houses

		Shares
Small Cap Fund	DSP Mutual Fund	46.18 L	135.83	0.63%	4.176%	-0
Multi Cap Fund (Ex DSP Multi Cap Fund)NEW	DSP Mutual Fund	11.23 L	33.01	1.09%	1.015%	—
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	128	0	0.01%	0%	-0

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Aug 2026Transcript AI SummaryPPTREC
May 2026Transcript AI Summary PPT REC

Documents link to external sources (exchange filings, company investor pages).

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Events

Upcoming dates and the company’s corporate-action history.

8

Final dividend9 Sept 2026 · ex-date₹1
Final dividend4 Sept 2025 · ex-date₹0.5
Final dividend4 Sept 2024 · ex-date₹1
Final dividend13 Sept 2022 · ex-date₹2
Interim dividend12 Nov 2021 · ex-date₹1.5
Final dividend7 Sept 2021 · ex-date₹2
Interim dividend13 Nov 2020 · ex-date₹1.5
Interim dividend23 Mar 2020 · ex-date₹1

1

Board meeting to consider results4 Aug 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

66 announcementsExport CSV

30 Sept 2026, 5:19 pmCompany Update

Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order

Award of Order / Receipt of Order PDF

30 Sept 2026, 5:16 pmCompany Update

Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order

Award of Order / Receipt of Order PDF

18 Sept 2026, 3:23 pmCompany Update

Announcement under Regulation 30 (LODR)-Change in Management

Change in Management PDF

18 Sept 2026, 11:33 amAGM/EGM

Shareholder Meeting / Postal Ballot-Scrutinizer''s Report

AGM PDF

17 Sept 2026, 12:30 pmCompany Update

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

Analyst / Investor Meet PDF

16 Sept 2026, 3:52 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Outcome of AGM

AGM PDF

4 Sept 2026, 4:36 pmCompany Update

Communication In Respect Of TDS On Final Dividend For FY 2025-26

General PDF

2 Sept 2026, 10:03 amCorp. Action

Intimation Of Record Date

Record Date PDF

Date	Category	Subject	Filing
30 Sept 2026, 5:19 pm	Company Update Award of Order / Receipt of Order	Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order	PDF
30 Sept 2026, 5:16 pm	Company Update Award of Order / Receipt of Order	Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order

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Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	28.3%	31.1%	33.4%	28.8%	22.8%	29.2%	25.4%	27.1%
EBITDA margin %	11.7%	14%	17.5%	15.6%	9.2%	12%	6.4%	8.9%
EBIT margin %	8.9%	10.8%	14.6%	13%	6.2%	8.4%	2.2%	3.9%
PAT margin %	5.2%	6.9%	10.7%	9.4%	4.5%	7.1%	1.7%	2.8%
Working capital
Receivable days	58	40	58	60	56	83	61	51
Inventory days	65	112	60	119	74	88	118	95
Payable days	—	—	—	—	56	50	51	76
NWC days	—	—	—	—	74	121	129	71
Leverage
Current ratio	1.09	1.72	1.88	1.89	2.45	2.43	2.12	1.96
Debt to EBITDA	1.37	1.06	0.24	0.36	0.23	0.37	1.63	0.6
Debt to equity	0.63	0.29	0.08	0.12	0.04	0.07	0.17	0.09
Interest coverage	4.1	5.5	15.5	25.2	16	35.7	7.1	11.6
Asset turnover	1.52	1.16	1.31	1.37	1.46	1.21	1.09	1.07
Return ratios
Return on assets %	7.9%	8%	14%	12.9%	6.5%	8.6%	1.9%	3%
Return on capital employed %	27.2%	25.1%	32.2%	29.7%	13.1%	15.5%	4.1%	6.4%
Return on equity %	20.6%	13.4%	21.3%	19.7%	8.9%	11.8%	2.7%	4.4%

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Supreme Industries LimitedSUPREMEINDSUPREMEIND	₹42,926 Cr	₹42,926 Cr	₹11,326 Cr	₹1,632 Cr	13.9%	₹1,032 Cr	8.5%	19.1%	16.1%	44
Garware Hi-Tech Films LimitedGRWRHITECHGRWRHITECH	₹16,067 Cr	₹16,067 Cr	₹2,258 Cr	₹497 Cr	20.5%	₹388 Cr	16%	17.6%	13.5%	89
Finolex Industries LimitedFINPIPEFINPIPE	₹9,338 Cr	₹9,775 Cr	₹3,954 Cr	₹692 Cr	16.5%	₹615 Cr	14.6%	12.2%	9.7%	133
Kingfa Science & Technology (India) LimitedKINGFAKINGFA	₹8,958 Cr	₹8,958 Cr	₹2,222 Cr	₹314 Cr	13.1%	₹226 Cr	9.3%	23.6%	17.4%	100
Time Technoplast LimitedTIMETECHNOTIMETECHNO	₹8,869 Cr	₹9,508 Cr	₹6,445 Cr	₹922 Cr	14.6%	₹490 Cr	7.8%	18.2%	13.4%	161
Prince Pipes And Fittings LimitedPRINCEPIPEPRINCEPIPE	₹2,731 Cr	₹2,871 Cr	₹2,627 Cr	₹270 Cr	8.9%	₹102 Cr	2.8%	6.4%	4.5%	71
Apollo Pipes LimitedAPOLLOPIPEAPOLLOPIPE	₹2,255 Cr	₹2,379 Cr	₹1,125 Cr	₹49 Cr	6%	₹-15 Cr	0.4%	2.1%	0.6%	58
Jain Irrigation Systems LimitedJISLJALEQSJISLJALEQS	₹1,951 Cr	₹6,013 Cr	₹6,362 Cr	₹765 Cr	12.5%	₹-53 Cr	-0.6%	7.3%	-0.4%	230
Jai Corp LimitedJAICORPLTDJAICORPLTD	₹1,571 Cr	₹1,571 Cr	₹541 Cr	₹70 Cr	10.6%	₹93 Cr	32.9%	13.1%	11.7%	269
Premier Polyfilm LimitedPREMIERPOLPREMIERPOL	₹949 Cr	₹949 Cr	₹365 Cr	₹50 Cr	13.6%	₹35 Cr	9.4%	31.2%	24.1%	102
R M Drip And Sprinklers Systems LimitedRMDRIPRMDRIP	₹587 Cr	₹640 Cr	₹207 Cr	₹53 Cr	26.6%	₹35 Cr	17.7%	33.6%	31.5%	268
Prakash Pipes LimitedPPLPPL	₹582 Cr	₹621 Cr	₹780 Cr	₹118 Cr	15.1%	₹83 Cr	10.7%	28.6%	20.5%	—

₹ Cr	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	219	102	307	-20	360	33	119	526
	-105	-368	-86	20	-148	-126	-235	-325
	-105	257	-213	22	-122	48	120	-153
Net cash flow	9	-9	8	23	90	-45	4	48
Free cash flow	127	-18	161	-189	264	-154	-137	315
CFO / Operating profit %	118.8%	44.7%	84.9%	-4.7%	143.9%	10.7%	73.5%	227.3%

Prince Pipes And Fittings Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Events

8

1

Announcements

Not in the F&O segment

8

1

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Compounded sales growth

Compounded profit growth

Return on equity

Prince Pipes And Fittings Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Ratios

Ratio timeline

Shareholding

Quarterly record

Insider dealing

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Events

Dividends8

Board meetings1

Announcements

Ratio timeline

Not in the F&O segment

Dividends8

Board meetings1

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Quarterly record

Insider dealing

Bulk & block deals

Board and management

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

8

1

8

1