Prince Pipes & Fittings Ltd

Prince Pipes Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Prince Pipes & Fittings Ltd

₹ 423 -4.12%
21 Nov - close price
princepipes.com BSE: 542907 NSE: PRINCEPIPE
About

Prince Pipes and Fittings Limited is an integrated piping solution & multi polymer manufacturer. It was established in 1987 and initially manufactured PVC products. It is currently engaged in the manufacturing of polymer piping solutions in four types of polymers CPVC, UPVC, HDPE, PPR. [1]

Key Points

Market Position[1]
Co. holds ~5% market share in PVC pipes segment and is one of the top six players in the pipes & fittings industry. This is supported by 7200+ SKUs distributed through 10 warehouses and 1500+ channel partners throughout India.

Website BSE NSE
  • Market Cap ₹ 4,683 Cr.
  • Current Price ₹ 423
  • High / Low ₹ 776 / 422
  • Stock P/E 35.6
  • Book Value ₹ 142
  • Dividend Yield 0.24 %
  • ROCE 14.7 %
  • ROE 11.4 %
  • Face Value ₹ 10.0
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Pros

Cons

  • The company has delivered a poor sales growth of 10.3% over past five years.
  • Company has a low return on equity of 13.7% over last 3 years.
  • Dividend payout has been low at 7.19% of profits over last 3 years
  • Debtor days have increased from 66.2 to 83.1 days.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Plastic products Industry: Plastics Products

Part of BSE 250 SmallCap Index BSE Allcap BSE Industrials BSE 500 Nifty Microcap 250

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Quarterly Results

Figures in Rs. Crores

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
761 664 901 604 636 706 764 554 656 619 740 604 622
638 553 761 560 648 636 616 508 562 543 648 546 576
Operating Profit 123 111 141 44 -11 69 148 45 94 76 92 58 46
OPM % 16% 17% 16% 7% -2% 10% 19% 8% 14% 12% 12% 10% 7%
1 2 0 1 3 1 3 4 22 3 5 3 4
Interest 4 3 4 3 3 2 3 2 1 3 1 1 2
Depreciation 17 18 20 20 21 21 21 22 23 23 24 26 28
Profit before tax 104 92 117 22 -33 48 128 26 93 53 72 34 20
Tax % 27% 27% 24% 27% -27% 26% 26% 23% 24% 29% 24% 27% 28%
76 67 88 16 -24 35 94 20 71 38 55 25 15
EPS in Rs 6.92 6.09 7.98 1.45 -2.18 3.20 8.51 1.77 6.39 3.40 4.94 2.23 1.33
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
957 1,007 1,246 1,315 1,572 1,636 2,072 2,657 2,711 2,569 2,585
875 908 1,083 1,151 1,388 1,406 1,708 2,241 2,461 2,261 2,313
Operating Profit 82 100 163 164 184 230 364 416 250 307 272
OPM % 9% 10% 13% 12% 12% 14% 18% 16% 9% 12% 11%
2 0 2 5 7 6 15 5 9 34 15
Interest 37 34 36 36 36 33 21 14 11 6 7
Depreciation 29 30 33 38 44 52 59 70 83 91 100
Profit before tax 18 37 96 95 111 151 299 337 165 244 179
Tax % 12% 20% 23% 24% 26% 25% 26% 26% 26% 25%
16 30 74 73 82 113 222 249 121 182 132
EPS in Rs 3.27 6.15 16.48 8.08 9.12 10.23 20.16 22.56 10.98 16.51 11.90
Dividend Payout % 0% 0% 0% 0% 0% 10% 17% 16% 0% 6%
Compounded Sales Growth
10 Years: %
5 Years: 10%
3 Years: 7%
TTM: -4%
Compounded Profit Growth
10 Years: %
5 Years: 16%
3 Years: -9%
TTM: -36%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: -19%
1 Year: -38%
Return on Equity
10 Years: %
5 Years: 16%
3 Years: 14%
Last Year: 11%

Balance Sheet

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 48 48 45 90 90 110 110 111 111 111 111
Reserves 106 136 198 227 309 728 933 1,155 1,253 1,434 1,462
300 299 323 372 297 264 88 152 63 130 174
142 170 195 291 338 308 451 522 502 449 463
Total Liabilities 596 653 760 980 1,034 1,410 1,583 1,939 1,929 2,123 2,209
224 238 269 345 363 489 503 646 681 798 816
CWIP 4 14 18 15 62 8 77 23 24 35 54
Investments 0 2 1 1 1 1 1 12 92 38 42
367 400 473 620 608 913 1,002 1,259 1,133 1,252 1,297
Total Assets 596 653 760 980 1,034 1,410 1,583 1,939 1,929 2,123 2,209

Cash Flows

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
123 86 94 162 219 102 292 -20 360 33
-30 -51 -67 -170 -105 -368 -70 20 -142 -126
-93 -35 -24 6 -105 257 -214 22 -128 48
Net Cash Flow -0 0 3 -2 9 -9 8 23 90 -45

Ratios

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 81 87 69 66 58 40 58 60 56 83
Inventory Days 57 49 72 96 65 112 60 119 74 88
Days Payable 38 48 42 78 70 59 83 77 56 50
Cash Conversion Cycle 99 87 99 84 54 93 35 102 74 121
Working Capital Days 87 84 77 64 39 67 54 91 69 102
ROCE % 15% 25% 21% 21% 21% 29% 28% 12% 15%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
62.94% 62.94% 62.94% 62.94% 62.94% 60.94% 60.94% 60.94% 60.94% 60.94% 60.94% 60.94%
4.84% 3.96% 4.15% 3.98% 4.41% 6.25% 6.12% 5.01% 5.74% 5.15% 6.44% 7.27%
13.75% 14.04% 14.51% 14.58% 15.45% 15.75% 16.38% 18.56% 18.41% 18.53% 18.37% 17.52%
18.47% 19.05% 18.39% 18.51% 17.19% 17.06% 16.56% 15.49% 14.91% 15.37% 14.24% 14.25%
No. of Shareholders 2,10,3352,55,1372,63,6962,75,1902,61,1312,47,9382,35,3682,05,8962,00,0952,05,4601,83,9791,87,981

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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