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NSE:PRINCEPIPE

PRINCE PIPES FITTINGS LTD

Capital Goods › Industrial Products
₹258.75
at close · 28 Oct 2026
▲ 7.65 (+3.05%)

Latest filings

Next results: Tue, 3 Nov · Financial Results
  1. Analyst and investor call set for November 4, 2026 · Board & Shareholder Meetings
  2. Board meeting to approve September 2026 quarter and half-year results · Results
  3. Quarterly Demat Compliance Certificate filed with Exchanges · Compliance
All filings ↓
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Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Manufactures and sells plastic pipes and fittings used in plumbing, drainage and agriculture applications. Sells pipes in multiple polymers including CPVC (the fastest-growing polymer in the range), polypropylene and PVC, along with the in-house SmartFit Plus brand. Recently launched DECILO, a low-noise PP pipe with German technology, and expanded into bathware via the Aquel brand whose manufacturing facility at Bhuj, Gujarat was acquired. In FY26, total volume sold was 191,238 MT, with Q4 FY26 alone delivering a record 62,167 MT (+23% YoY). Building-material customers (plumbing, drainage) form the larger end market, while agriculture accounts for less than 30% of revenue. The cost base is heavily raw-material driven — materials made up 68.5% of FY26 revenue, with employees at 7.1% and other operating costs at 11.1% — exposing margins to PVC/CPVC price swings. FY27 capex is planned at INR 200-210 crore (including the Bhuj completion) and management is targeting capacity utilisation of 58-60% by FY27 end.

Operating scale
FY26 sales volume
191,238 MTFY26
Q4 FY26 sales volume
62,167 MT (+23% YoY)Q4 FY26
Aquel bathware retail touchpoints
Over 200 across IndiaFY26
Working capital days
45 (down from 98)FY26
FY27 capex plan
INR 200-210 croreFY27
Targeted capacity utilisation
58-60%FY27 end
Who pays it
Building and construction customers (plumbing, drainage) and agricultural customers (less than 30% of revenue).
Biggest cost
Raw materials (polymers such as PVC and CPVC), at 68.5% of FY26 revenue.
Kind of business
Asset-heavy plastic pipe and fittings manufacturing, with margins sensitive to polymer price volatility.
Where it sits
Among the larger organised players in the Indian plastic pipes industry, gaining share from smaller peers as the industry consolidates.
Market Cap
₹2,861 Cr
P / E (TTM)
28.0×
EV / EBITDA
10.3×
Div Yield
0.19%
Growth
4.6%▲
Revenue 5y CAGR
PAT -19.9% · EBITDA -8.8%
Quality
12.6%▲
ROCE (5y median)
ROE 8.9% (5y median) · margin 9.2%
Leverage
0.09·
Debt / Equity · low
Net debt ₹12 Cr
Revenue FY21→FY26
1.3×▲
Margin −7.9 pts
₹2,072 Cr → ₹2,598 Cr
Cash conversion
1.52×▲
Operating cash ÷ profit · 5 yrs
₹1,019 Cr on ₹670 Cr
Moves on a normal day
1.19%·
Median daily move
Last 267 sessions · the yardstick for filing-day moves
Where it sits among 58 Plastic Products - Industrial peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#37/46
P/B#22/42
ROCE#33/56
ROE#29/45
Debt / Equity#18/45
EBITDA margin#15/43
Revenue growth#30/49
Profit growth#5/47

Scorecard

Measured from the filed financials, judged against its Plastic Products - Industrial peers · as of FY26 — not investment advice

Strengths
Debt at 0.09× equity
lower than 61% of its 45 Plastic Products - Industrial peers
Over 5 years it reported ₹670 Cr of profit and ₹1,019 Cr of operating cash — 1.52×
Profit is converting into cash
Concerns
Slow revenue growth — 5% a year over 5 years
Profit shrinking over 5 years (−20% a year)

Charts

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Peers

How does it stack up on valuation, returns and growth?

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from PRINCE PIPES FITTINGS LTD's filed financials and exchange disclosures

What does PRINCE PIPES FITTINGS LTD do?

PRINCE PIPES FITTINGS LTD is a Industrial Products company listed on NSE and BSE, trading under the symbol PRINCEPIPE.

Is PRINCE PIPES FITTINGS LTD profitable?

Yes. Over the trailing twelve months PRINCE PIPES FITTINGS LTD reported a net profit of ₹102 Cr on revenue of ₹2,627 Cr.

Does PRINCE PIPES FITTINGS LTD pay a dividend?

Yes. The dividend yield is 0.19% at the current price. It paid out 8% of its profit as dividend in FY26.

Is PRINCE PIPES FITTINGS LTD debt-free?

No. It reported borrowings of ₹140 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹12 Cr after cash. Debt stands at 0.09× equity. That is lower than 61% of its 45 Plastic Products - Industrial peers.

Is PRINCE PIPES FITTINGS LTD expensive compared with its peers?

On trailing P/E, PRINCE PIPES FITTINGS LTD ranks 37 of 46 in Plastic Products - Industrial — cheaper than 20% of them, against an industry median of 14.4×. This is a position, not a valuation judgement.

How much does the PRINCE PIPES FITTINGS LTD share price move in a day?

On a typical session PRINCE PIPES FITTINGS LTD moves 1.19% — that is the median absolute close-to-close move across its last 267 trading days. MarketPing measures each filing's price reaction against it.

When are PRINCE PIPES FITTINGS LTD's next results?

Financial Results on Tue, 3 Nov. MarketPing alerts you on WhatsApp the moment the filing lands.

Where can I track PRINCE PIPES FITTINGS LTD's announcements?

Every NSE and BSE filing by PRINCE PIPES FITTINGS LTD appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.