Prince Pipes

What does Prince Pipes do?

Prince Pipes and Fittings Ltd manufactures plastic pipes and fittings and is categorized as a small-cap company with a market cap of Rs 3,681 Cr. As of March 2025, it reported net sales of 720 Cr and a net profit of 24 Cr.

Overview:<BR>Prince Pipes and Fittings Ltd operates in the plastic products industry, specifically focusing on manufacturing pipes and fittings, and is categorized as a small-cap company.<BR><BR>History:<BR>The company was incorporated in 1987 as "Prince Pipes and Fittings Private Limited" in Mumbai, Maharashtra. It became a deemed public limited company on July 1, 1998, and later reverted to a private company on May 18, 2001. The latest quarterly results reported net sales and net profit for the period ending March 2025.<BR><BR>Financial Snapshot:<BR>- Net Sales: 720 Cr (Quarterly Results - Mar 2025)<BR>- Net Profit: 24 Cr (Quarterly Results - Mar 2025)<BR>- Market Cap: Rs 3,681 Cr (Small Cap)<BR><BR>Key Metrics:<BR>- P/E: 84.00<BR>- Industry P/E: 41<BR>- Dividend Yield: 0.31%<BR>- Debt-Equity: 0.11<BR>- Return on Equity: 2.74%<BR>- Price to Book: 2.29<BR><BR>Contact Details:<BR>- Address: Plot No 1 Honda Indl Estat, Phase II Honda Sattari Honda Goa Goa : 403530<BR>- Tel: 91-22-66022222<BR>- Email: investors@princepipes.com<BR>- Website: http://www.princepipes.com

Who are in the management team of Prince Pipes?

As of March 2023, the management team of Prince Pipes includes Executive Chairman Jayant Shamji Chheda, Executive Directors Parag and Vipul Jayant Chheda, and several Independent Non-Executive Directors, ensuring strong governance and strategic direction.

As of March 2023, the management team of Prince Pipes includes:<BR><BR>1. Jayant Shamji Chheda - Executive Chairman & Managing Director<BR>2. Parag Jayant Chheda - Executive Director / Joint Managing Director / Promoter<BR>3. Vipul Jayant Chheda - Executive Director<BR>4. Ramesh D Chandak - Independent Non-Executive Director<BR>5. Uma Manoj Mandavgane - Independent Non-Executive Director<BR>6. Dilip Deshpande - Independent Non-Executive Director<BR>7. Rajendra V Gogri - Independent Non-Executive Director<BR>8. Amisha Vora - Independent Non-Executive Director<BR><BR>This team comprises both executive and independent non-executive directors, contributing to the governance and strategic direction of the company.

Has Prince Pipes declared dividend?

Yes, Prince Pipes & Fittings Ltd has declared a 10% dividend, amounting to ₹1 per share, with an ex-date of September 4, 2024. Despite the dividend, the company has experienced significant price declines over the past few years, although it showed a strong recovery in the last five years.

Prince Pipes & Fittings Ltd has declared a 10% dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 10%<BR>- Amount per share: 1 per share<BR>- Ex-date: 04 Sep 24<BR><BR>Dividend Yield: 0.31%.<BR><BR>Total Returns by Period:<BR>In the last 6 months, the price return was -24.86%, the dividend return was 0%, resulting in a total return of -24.86%.<BR><BR>Over the past year, the price return was -46.63%, the dividend return was 0.15%, leading to a total return of -46.48%.<BR><BR>In the 2-year period, the price return was -48.51%, the dividend return was 0.15%, which resulted in a total return of -48.36%.<BR><BR>For the 3-year period, the price return was -46.23%, the dividend return was 0.53%, culminating in a total return of -45.7%.<BR><BR>During the 4-year period, the price return was -53.71%, the dividend return was 0.93%, resulting in a total return of -52.78%.<BR><BR>In the 5-year period, the price return was 190.27%, the dividend return was 7.05%, leading to a total return of 197.32%.<BR><BR>Overall, while Prince Pipes has declared a dividend, the total returns over various periods indicate significant declines in price returns, particularly in the short to medium term, with a notable recovery over the 5-year period.

Who are the peers of the Prince Pipes?

Peers of Prince Pipes include Finolex Inds., Time Technoplast, Garware Hi Tech, Shaily Engineer, Kingfa Science, Jain Irrigation, Jai Corp, Apollo Pipes, and Prakash Pipes. In terms of returns, Shaily Engineer leads with 86.84% over one year, while Prince Pipes has a return of -48.89%.

Peers: The peers of Prince Pipes are Finolex Inds., Time Technoplast, Garware Hi Tech, Shaily Engineer., Kingfa Science, Jain Irrigation, Jai Corp, Apollo Pipes, and Prakash Pipes.<BR><BR>Quality Snapshot: Excellent management risk is observed at Finolex Inds., Time Technoplast, Shaily Engineer., and Apollo Pipes, while Average management risk is found at Garware Hi Tech, Kingfa Science, and Prakash Pipes. Below Average management risk is seen at Jain Irrigation and Jai Corp. Growth is Good for Shaily Engineer., Kingfa Science, and Jain Irrigation, while Below Average growth is noted for Finolex Inds., Time Technoplast, Prince Pipes, Apollo Pipes, and Jai Corp. Average growth is observed at Garware Hi Tech and Prakash Pipes. Excellent capital structure is present in Finolex Inds., Garware Hi Tech, Kingfa Science, and Jai Corp, while Good capital structure is found at Time Technoplast, Shaily Engineer., and Apollo Pipes. Below Average capital structure is noted for Jain Irrigation and Kriti Industries.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Shaily Engineer. at 86.84%, while the lowest is Jai Corp at -71.57%. Prince Pipes has a 1-year return of -48.89%, which is higher than Jai Corp's but lower than Shaily Engineer.'s. Additionally, the six-month return is negative for Jain Irrigation, Jai Corp, and Prince Pipes.

Who are the top shareholders of the Prince Pipes?

The top shareholders of Prince Pipes include promoter Vipul Jayant Chheda with 18.78%, mutual funds holding 14.79% (led by Mirae Asset Large & Midcap Fund at 9.65%), individual investors with 16.32%, and Foreign Institutional Investors at 6.19%. There are no pledged promoter holdings reported.

The top shareholders of Prince Pipes include a mix of promoters, mutual funds, and individual investors. The largest promoter is Vipul Jayant Chheda, who holds 18.78% of the shares. Mutual funds collectively hold 14.79% through seven different schemes, with the highest public shareholder being Mirae Asset Large & Midcap Fund at 9.65%. Additionally, individual investors own 16.32% of the company. Foreign Institutional Investors (FIIs) also have a stake, holding 6.19% through 75 different entities. There are no pledged promoter holdings reported.

How big is Prince Pipes?

As of 24th July, Prince Pipes & Fittings Ltd has a market capitalization of 3,815.00 Cr, with net sales of 2,523.91 Cr and a net profit of 43.14 Cr over the latest four quarters.

As of 24th July, <BR><BR>Market Cap: Prince Pipes & Fittings Ltd has a market capitalization of 3,815.00 Cr and is classified as a Small Cap company.<BR><BR>Recent Quarterly Performance: The sum of net sales for the latest four quarters is 2,523.91 Cr, while the sum of net profit for the same period is 43.14 Cr.<BR><BR>Balance Sheet Snapshot: The reporting period for the balance sheet is March 2024. Shareholder's funds stand at 1,544.40 Cr, and total assets amount to 2,123.23 Cr.

Are Prince Pipes latest results good or bad?

Prince Pipes & Fittings reported disappointing results for June 2025, with a 67.9% decline in Profit Before Tax and an 8.0% drop in net sales, indicating a negative trend in financial performance. Overall, these results can be characterized as bad.

Prince Pipes & Fittings has reported disappointing financial results for the quarter ending June 2025. The company's Profit Before Tax (PBT) has significantly declined by 67.9%, now at Rs 3.62 crore, compared to an average of Rs 11.28 crore over the previous four quarters. Similarly, Profit After Tax (PAT) has dropped by 55.3%, standing at Rs 4.82 crore, down from an average of Rs 10.79 crore.<BR><BR>Net sales have also decreased, totaling Rs 580.42 crore, which is an 8.0% decline from the average net sales of Rs 630.98 crore in the prior quarters. A concerning aspect of these results is that non-operating income makes up 43.08% of the PBT, indicating a reliance on income from non-business activities. This raises questions about the sustainability of the company's core business model.<BR><BR>Overall, the financial score for Prince Pipes has worsened, decreasing to -19 from -11 in the last three months, reflecting a negative trend in its financial performance. Given these factors, the latest results can be characterized as bad.

Is Prince Pipes technically bullish or bearish?

As of November 6, 2025, Prince Pipes is in a mildly bearish trend, with weekly indicators like the MACD and Bollinger Bands showing bearish momentum, despite a bullish monthly RSI and mildly bullish daily moving averages.

As of 6 November 2025, the technical trend for Prince Pipes has changed from sideways to mildly bearish. The current stance is bearish, driven primarily by the weekly MACD and Bollinger Bands both indicating bearish momentum. The KST and OBV are also showing mildly bearish signals on the weekly timeframe. Although the monthly RSI is bullish, the overall trend remains negative due to the prevailing bearish indicators across multiple timeframes. The daily moving averages are mildly bullish, but this is not enough to counter the bearish signals from the weekly data.

Should I buy, sell or hold Prince Pipes?

How has been the historical performance of Prince Pipes?

Prince Pipes has experienced declining net sales and profitability from March 2022 to March 2025, with net sales dropping to 2,523.92 Cr and profit after tax falling to 43.14 Cr. Despite an increase in total assets, the company faces challenges in maintaining profitability amid rising costs and expenditures.

Answer:<BR>The historical performance of Prince Pipes shows a fluctuating trend in key financial metrics over the years leading up to March 2025.<BR><BR>Breakdown:<BR>Prince Pipes' net sales decreased from 2,710.87 Cr in March 2023 to 2,523.92 Cr in March 2025, reflecting a decline in total operating income as well. The raw material costs increased to 1,875.15 Cr in March 2025, up from 1,979.01 Cr in March 2023, while total expenditure also rose to 2,362.12 Cr in March 2025. Consequently, the operating profit (PBDIT) fell significantly from 421.08 Cr in March 2022 to 175.54 Cr in March 2025. Profit before tax showed a similar downward trend, dropping from 336.87 Cr in March 2022 to 58.85 Cr in March 2025, leading to a profit after tax of 43.14 Cr in March 2025, down from 249.40 Cr in March 2022. The company's total assets increased to 2,319.37 Cr in March 2025 from 1,928.75 Cr in March 2023, while total liabilities also rose to 2,319.37 Cr, indicating a growing debt level. Cash flow from operating activities improved to 118.00 Cr in March 2025, although cash flow from investing activities was negative at -234.00 Cr. Overall, the financial performance of Prince Pipes reflects challenges in profitability despite growth in asset size.

Is Prince Pipes overvalued or undervalued?

As of November 10, 2025, Prince Pipes is considered very expensive and overvalued with a PE ratio of 149.38, significantly higher than its peers, and has underperformed the Sensex with a year-to-date return of -27.07%.

As of 10 November 2025, the valuation grade for Prince Pipes has moved from expensive to very expensive. The company is currently overvalued, with a PE ratio of 149.38, an EV to EBIT of 103.69, and an EV to EBITDA of 24.17. In comparison, its peers such as Supreme Industries and Astral have significantly lower PE ratios of 57.96 and 82.76, respectively, indicating that Prince Pipes is trading at a premium relative to its industry.<BR><BR>The financial metrics further highlight the overvaluation, with a Price to Book Value of 0.22 and a ROE of only 0.15%. This suggests that investors are paying a high price for minimal returns. Additionally, the stock has underperformed against the Sensex, with a year-to-date return of -27.07% compared to the Sensex's gain of 6.91%, reinforcing the notion that the stock is overvalued in the current market environment.

When is the next results date for Prince Pipes & Fittings Ltd?

The next results date for Prince Pipes & Fittings Ltd is 10 February 2026.

The next results date for Prince Pipes & Fittings Ltd is scheduled for 10 February 2026.

Why is Prince Pipes & Fittings Ltd falling/rising?

As of 02-Feb, the stock price of Prince Pipes & Fittings Ltd is declining, currently at 234.70, reflecting a broader trend of underperformance against the Sensex. The company faces significant financial challenges, including a 50.61% drop in profit after tax and reduced institutional interest, contributing to its bearish outlook.

As of 02-Feb, the stock price of Prince Pipes & Fittings Ltd is falling, currently at 234.70, reflecting a decrease of 1.95 (-0.82%). This decline is part of a broader trend, as the stock has underperformed against the benchmark Sensex, which has risen by 0.16% over the past week while Prince Pipes has fallen by 0.70%. Over the last month, the stock has experienced a significant drop of 10.54%, compared to a 4.78% decline in the Sensex.<BR><BR>The stock has been on a downward trajectory, having lost 2.05% over the last two days alone. It reached an intraday low of Rs 230.95, marking a 2.41% decrease. Additionally, Prince Pipes is trading below its moving averages across various time frames, indicating a bearish trend. The delivery volume has also decreased by 8.16% against the five-day average, suggesting a decline in investor participation.<BR><BR>Financially, the company is facing challenges, with a poor long-term growth outlook evidenced by an annual operating profit decline of 26.52% over the past five years. The latest six-month profit after tax (PAT) has dropped by 50.61%, and the return on capital employed (ROCE) is at a low of 2.58%. Furthermore, the stock is trading at a premium compared to its peers, with a price-to-book value of 1.6, which is considered expensive given its low return on equity (ROE) of 1.5.<BR><BR>Institutional investors are also showing reduced interest, having decreased their stake by 0.52% in the last quarter, which may further contribute to the stock's downward pressure. Overall, the consistent underperformance against the benchmark and the negative financial indicators are key reasons for the falling stock price of Prince Pipes & Fittings Ltd.

Which are the latest news on Prince Pipes?