Prince Pipes and Fittings Limited

NSE: PRINCEPIPE · Plastic Products - Industrial

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52W Range₹205 – ₹326

Snapshot

Unlock Prince Pipes and Fittings Limited's vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Prince Pipes and Fittings Limited is a prominent Indian manufacturer of polymer piping systems and fittings, operating under the Prince Piping Systems and Trubore Piping Systems brands. The company provides a comprehensive range of solutions for plumbing, industrial, irrigation, and underground drainage applications.

Business Model

The company generates revenue through the manufacturing and distribution of diverse polymer-based piping products, catering to both residential and industrial infrastructure sectors. It leverages a wide distribution network to supply plumbing, irrigation, and cable ducting solutions across India.

  • Incorporation Year:1987

Growth Outlook

Growth is primarily driven by increasing demand for infrastructure development, urbanisation, and the expansion of irrigation networks in India. The company continues to focus on product diversification and strengthening its market presence in the piping and storage solutions segment.

Key Risks

  • Raw Material Price Volatility. Fluctuations in the prices of polymer resins, which are linked to crude oil, can significantly impact the company's operating margins.
  • Intense Market Competition. The Indian plastic piping industry is highly competitive, featuring both large organised players and numerous unorganised regional manufacturers.
  • Economic Cyclicality. Demand for piping products is closely tied to the performance of the real estate and construction sectors, which are sensitive to economic cycles.

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Key Metrics

REVENUE

₹2,627 Cr

TTM · standalone

+5.1%YoY

NET PROFIT

₹102 Cr

TTM · standalone

+338.4%YoY

EPS

₹9.23

TTM · standalone

+337.4%YoY

RETURN ON EQUITY

6.3%

TTM · standalone

+4.8 ppYoY

RETURN ON CAPITAL EMPLOYED

8.3%

TTM · standalone

+5.7 ppYoY

P/E

26.7×

Q1 FY27 · standalone

26.7 vs 33.7x5Y avg

EV/EBITDA

10.5x

Q1 FY27 · standalone

10.5 vs 11.4x5Y avg

EBITDA MARGIN

10.7%

TTM · standalone

+4.4 ppYoY

NET PROFIT MARGIN

5.5%

Q1 FY27 · standalone

+4.7 ppYoY

DEBT TO EQUITY

0.1x

Q1 FY27 · standalone

-0.08xYoY

Peers · Plastic Products - Industrial

CompanyMkt CapP/E (TTM)EV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Prince Pipes and Fittings LimitedPRINCEPIPE
₹2,938 Cr26.7×10.465.1%10.7%6.3%8.3%-24.1%
Apollo PipesAPOLLOPIPE
₹2,301 Cr-154.4×40.04-2.0%5.2%-1.8%-0.1%+49.4%
Jain Irrigation Systems LimitedJISLJALEQS
₹2,065 Cr66.6×7.648.8%12.4%-1.2%6.1%-47.6%
Jai CorpJAICORPLTD
₹1,698 Cr9.2×8.02—40.1%11.4%12.9%-38.2%
Premier PolyfilmPREMIERPOL
₹1,013 Cr27.1×19.3219.2%14.3%26.4%34.0%+99.1%
R M Drip & Sprinklers Systems Ltd.RMDRIP
₹1,011 Cr6.8×19.47—26.4%36.7%40.5%-68.7%

As of Q1 FY27

Financials