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.

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.

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.

Are Prince Pipes & Fittings Ltd latest results good or bad?

Prince Pipes & Fittings Ltd's latest Q3 FY26 results are poor, showing a net loss of ₹0.33 crore and a 3.58% decline in revenue to ₹573.27 crore, alongside a significant drop in operating margins to 4.87%. These figures indicate serious operational challenges and weakening demand in the plastic pipes segment.

Prince Pipes & Fittings Ltd's latest results for Q3 FY26 indicate a challenging period for the company. The net profit has turned negative at ₹-0.33 crore, marking a significant decline of 102.26% quarter-on-quarter. This is a stark contrast to the previous quarter's profit of ₹14.63 crore.<BR><BR>Revenue also saw a decline, with net sales falling by 3.58% to ₹573.27 crore, which is the lowest revenue figure in the last four quarters. Year-on-year, revenue has contracted by 0.77%, suggesting weakening demand in the plastic pipes segment.<BR><BR>The operating margin has dropped to 4.87%, down from 9.23% in the previous quarter, indicating severe margin compression. The profit before tax was negligible at ₹0.04 crore, and an extraordinarily high effective tax rate of 925% pushed the company into a loss.<BR><BR>Overall, the results reflect significant operational challenges, with deteriorating profitability metrics and a concerning outlook for the company's financial health. The combination of negative net profit, declining revenues, and collapsing margins suggests that the latest results are quite poor.

Should I buy, sell or hold Prince Pipes & Fittings Ltd?

Which are the latest news on Prince Pipes?

Why is Prince Pipes & Fittings Ltd falling/rising?

As of 31-Mar, Prince Pipes & Fittings Ltd's stock price is Rs. 205.00, reflecting a significant decline of -12.85 (-5.9%) and a new 52-week low. The stock has consistently underperformed with a year-to-date drop of -21.52% and a three-year decline of -61.91%, driven by poor financial results and decreasing institutional investor confidence.

As of 31-Mar, Prince Pipes & Fittings Ltd is experiencing a decline in its stock price, currently at Rs. 205.00, which reflects a change of -12.85 (-5.9%). The stock has been underperforming significantly, with a consecutive fall over the last two days resulting in a total decline of -11.16%. Additionally, the stock has reached a new 52-week low of Rs. 204.6 today.<BR><BR>The performance metrics indicate that the stock has consistently underperformed against the benchmark, with a year-to-date decline of -21.52% compared to the Sensex's -15.57%. Over the past three years, the stock has plummeted by -61.91%, while the benchmark has gained +24.13%. This consistent underperformance is compounded by poor long-term growth, as the company's operating profit has decreased at an annual rate of -24.32% over the last five years.<BR><BR>Recent financial results have also contributed to the stock's decline. The profit before tax (PBT) has fallen by -139.7% compared to the previous four-quarter average, and the profit after tax (PAT) has decreased by -105.7%. The return on capital employed (ROCE) is at its lowest at 2.67%, and the return on equity (ROE) stands at a mere 2.6%, indicating weak profitability.<BR><BR>Furthermore, there has been a decrease in institutional investor participation, with a reduction of -0.52% in their stake over the previous quarter. This decline suggests a lack of confidence among institutional investors, who typically have more resources to analyze company fundamentals.<BR><BR>Overall, the combination of poor financial performance, consistent underperformance against benchmarks, and declining institutional interest has led to the stock's current downward trajectory.