Outcome of Board Meeting of the Company held on May 19, 2026.
PRINCEPIPE · price
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On the reaction day the stock moved 2.8 pts less than Nifty Microcap 250 and 2.2 pts less than its Plastic Products - Industrial peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Prince Pipes reported audited standalone results for FY26 with revenue from operations at Rs 25,983.32 million, up 2.9% from Rs 25,239.16 million in FY25. Profit after tax (including exceptional items) grew 69.7% to Rs 731.82 million from Rs 431.35 million, while EPS (excluding exceptional items) improved to Rs 6.80 from Rs 3.90. The board recommended a final dividend of Rs 1 per share (10%) for FY25-26, subject to shareholder approval. Ms. Jyoti Sancheti was appointed as Company Secretary and Compliance Officer. Statutory auditor M/s N. A. Shah Associates LLP was reappointed for a second 5-year term, and Smt. Ketki D. Visariya was appointed as Cost Auditor for FY26-27. The auditor issued an unmodified (clean) opinion on the financial statements.
Strong bottom-line growth with PAT up nearly 70% is positive for shareholders. The 10% dividend yield at current prices appears modest. Revenue growth of ~3% is relatively flat, suggesting volume or pricing pressures that investors may focus on.