Prince Pipes & Fitti

₹537.9 -2.4 | 0.4%

WEBSITE BSE:542907 NSE : PRINCEPIPE 18 Oct, 13:42

Market Cap ₹5947 Cr.

Stock P/E 31.7

P/B 3.8

Current Price ₹537.9

Book Value ₹ 141.9

Face Value 10

52W High ₹775.8

Dividend Yield 0.19%

52W Low ₹ 505.2

Edit Ratio

Prince Pipes & Fitti Research see more...

Initital Coverage: PRINCE PIPES AND FITTINGS LIMITED

Prince Pipes & Fittings Ltd

Overview Inc. Year: 1987Industry: Plastic Products

Prince Pipes and Fittings Ltd manufactures and sells polymer pipes and fittings under the Prince Piping Systems and Trubore Piping Systems names in India. It offers plumbing and business solutions, which include pipes, fittings and valves, commercial piping systems, and reclaim piping systems; soil, waste, and rain water(SWR) solutions, including roof water and low noise SWR structures; and underground drainage solutions comprising underground drainage piping systems and underground double wall corrugated pipes. The organisation also provides irrigation solutions including strain and non-pressure agri pipes and fittings and borewell structures; cable ducting pipes; and storage solutions. Prince Pipes and Fittings Ltd was established in 1987 and is located in Mumbai, India.

Prince Pipes & Fitti Share Price

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Prince Pipes & Fitti Quarterly Results

#(Fig in Cr.)	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Net Sales	901	604	636	706	764	554	656	619	740	604
Other Income	0	1	3	1	3	4	4	3	5	3
Total Income	901	605	639	707	768	557	660	622	745	607
Total Expenditure	761	560	648	636	616	508	562	543	648	546
Operating Profit	141	45	-9	71	152	49	98	79	98	61
Interest	4	3	3	2	3	2	1	3	1	1
Depreciation	20	20	21	21	21	22	23	23	24	26
Exceptional Income / Expenses	0	0	0	0	0	0	18	0	0	0
Profit Before Tax	117	22	-33	48	128	26	93	53	72	34
Provision for Tax	28	6	-9	13	34	6	22	15	18	9
Profit After Tax	88	16	-24	35	94	20	71	38	55	25
Adjustments	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	88	16	-24	35	94	20	71	38	55	25
Adjusted Earnings Per Share	8	1.4	-2.2	3.2	8.5	1.8	6.4	3.4	4.9	2.2

Prince Pipes & Fitti Profit & Loss

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Net Sales	1006	957	1009	1246	1315	1572	1636	2072	2657	2711	2569	2619
Other Income	7	2	1	2	6	7	7	18	5	9	16	15
Total Income	1013	959	1010	1249	1321	1579	1643	2089	2662	2719	2585	2634
Total Expenditure	903	871	906	1084	1152	1388	1407	1710	2241	2461	2261	2299
Operating Profit	110	88	105	165	169	191	236	379	421	259	324	336
Interest	48	37	35	36	36	36	33	21	14	11	7	6
Depreciation	26	29	29	33	38	44	52	59	70	83	91	96
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0	18	18
Profit Before Tax	35	22	41	96	95	111	151	299	337	165	244	252
Provision for Tax	2	5	10	22	22	29	38	77	87	43	61	64
Profit After Tax	33	17	31	74	73	82	113	222	249	121	182	189
Adjustments	0	0	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	33	17	31	74	73	82	113	222	249	121	182	189
Adjusted Earnings Per Share	3.4	1.8	3.2	8.2	8.1	9.1	10.2	20.2	22.6	11	16.5	16.9

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	-5%	7%	10%	10%
Operating Profit CAGR	25%	-5%	11%	11%
PAT CAGR	50%	-6%	17%	19%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	-23%	-11%	NA%	NA%
ROE Average	13%	14%	17%	20%
ROCE Average	16%	19%	21%	20%

Prince Pipes & Fitti Balance Sheet

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Shareholder's Funds	144	160	191	243	317	399	838	1043	1265	1364	1544
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	88	71	89	106	146	106	39	0	0	0	19
Other Non-Current Liabilities	24	29	30	32	42	39	42	26	25	31	47
Total Current Liabilities	338	333	338	380	475	582	594	513	649	534	513
Total Liabilities	594	593	649	761	980	1126	1513	1583	1939	1929	2123
Fixed Assets	224	224	235	269	345	363	489	503	646	681	798
Other Non-Current Assets	9	10	22	25	92	137	77	117	67	51	79
Total Current Assets	361	359	392	467	536	626	948	962	1227	1198	1247
Total Assets	594	593	649	761	980	1126	1513	1583	1939	1929	2123

Prince Pipes & Fitti Cash Flow

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Opening Cash & Cash Equivalents	7	9	6	0	3	0	9	0	8	32	121
Cash Flow from Operating Activities	23	123	88	97	162	219	102	292	-20	360	33
Cash Flow from Investing Activities	-36	-30	-51	-68	-170	-105	-368	-70	20	-142	-126
Cash Flow from Financing Activities	13	-95	-35	-26	6	-105	257	-214	22	-128	48
Net Cash Inflow / Outflow	-1	-3	3	3	-2	9	-9	8	23	90	-45
Closing Cash & Cash Equivalent	6	6	9	3	0	9	0	8	32	121	76

Prince Pipes & Fitti Ratios

#	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Earnings Per Share (Rs)	3.44	1.79	3.24	8.24	8.08	9.12	10.23	20.16	22.56	10.98	16.51
CEPS(Rs)	6.19	4.76	6.21	11.89	12.31	13.96	14.95	25.56	28.92	18.49	24.75
DPS(Rs)	0	0	0	0	0	0	1	3.5	3.5	0	1
Book NAV/Share(Rs)	14.95	16.7	19.94	26.94	35.09	44.13	75.93	94.6	114.44	123.37	139.69
Core EBITDA Margin(%)	9.54	8.34	9.54	12.23	12.37	11.47	13.29	16.58	15.09	8.85	11.49
EBIT Margin(%)	7.72	5.78	7.01	9.95	9.94	9.2	10.68	14.66	12.73	6.22	9.35
Pre Tax Margin(%)	3.26	2.16	3.75	7.21	7.21	6.94	8.75	13.72	12.23	5.83	9.11
PAT Margin (%)	3.05	1.66	2.87	5.58	5.51	5.12	6.54	10.17	9.05	4.29	6.82
Cash Profit Margin (%)	5.49	4.42	5.5	8.05	8.39	7.83	9.56	12.9	11.61	7.23	10.23
ROA(%)	5.84	2.89	5.01	10.52	8.36	7.8	8.53	14.33	14.16	6.28	9.01
ROE(%)	25.96	11.29	17.68	34.18	26.06	23.03	18.25	23.65	21.63	9.24	12.55
ROCE(%)	18.83	12.46	16.02	25.11	21.08	21.44	20.49	28.73	27.58	12.4	16.25
Receivable days	59.67	73.38	75.93	65.28	65.8	55.7	45.6	42.72	50.71	54.81	68.2
Inventory Days	42.46	42.67	35.87	37.7	57.46	50.34	57.85	47.85	56.05	67.38	58.9
Payable days	30.45	30.61	43	41.31	59.24	66.72	64.31	65.61	68.79	62.71	57.11
PER(x)	0	0	0	0	0	0	10	20.72	28.12	49.35	33.29
Price/Book(x)	0	0	0	0	0	0	1.35	4.42	5.54	4.39	3.93
Dividend Yield(%)	0	0	0	0	0	0	0.98	0.84	0.55	0	0.18
EV/Net Sales(x)	0.4	0.36	0.33	0.28	0.34	0.23	0.69	2.15	2.67	2.19	2.38
EV/Core EBITDA(x)	3.62	3.87	3.22	2.15	2.63	1.91	4.78	11.74	16.87	22.9	18.89
Net Sales Growth(%)	17.97	-4.88	5.41	23.54	5.5	19.53	4.06	26.65	28.26	2.03	-5.24
EBIT Growth(%)	67.04	-28.51	27.18	74	-0.76	12.45	24.48	74.05	9.68	-49.87	42.32
PAT Growth(%)	-13.89	-47.98	81.31	138.41	-1.91	12.87	36.98	97.17	12.43	-51.32	50.3
EPS Growth(%)	-13.89	-47.98	81.31	154.3	-1.91	12.87	12.07	97.17	11.88	-51.32	50.3
Debt/Equity(x)	2.48	1.87	1.55	1.33	1.15	0.75	0.31	0.08	0.12	0.04	0.07
Current Ratio(x)	1.07	1.08	1.16	1.23	1.13	1.07	1.6	1.88	1.89	2.24	2.43
Quick Ratio(x)	0.69	0.74	0.86	0.77	0.62	0.73	1.02	1.43	0.94	1.44	1.58
Interest Cover(x)	1.73	1.6	2.15	3.64	3.64	4.07	5.54	15.47	25.23	15.97	38.5
Total Debt/Mcap(x)	0	0	0	0	0	0	0.23	0.02	0.02	0.01	0.02

Prince Pipes & Fitti Shareholding Pattern

#	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoter	62.94	62.94	62.94	60.94	60.94	60.94	60.94	60.94	60.94	60.94
FII	4.15	3.98	4.41	6.24	6.12	5.01	5.74	5.15	6.44	7.27
DII	14.52	14.58	15.46	15.75	16.38	18.56	18.4	18.53	18.37	17.53
Public	18.4	18.5	17.2	17.07	16.56	15.49	14.92	15.37	14.25	14.26
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoter	6.96	6.96	6.96	6.74	6.74	6.74	6.74	6.74	6.74	6.74
FII	0.46	0.44	0.49	0.69	0.68	0.55	0.63	0.57	0.71	0.8
DII	1.6	1.61	1.71	1.74	1.81	2.05	2.03	2.05	2.03	1.94
Public	2.03	2.05	1.9	1.89	1.83	1.71	1.65	1.7	1.58	1.58
Others	0	0	0	0	0	0	0	0	0	0
Total	11.06	11.06	11.06	11.06	11.06	11.06	11.06	11.06	11.06	11.06

Pros

Debtor days have improved from 62.71 to 57.11days.
Company is almost debt free.

Cons

Company has a low return on equity of 14% over the last 3 years.
Stock is trading at 3.8 times its book value.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Prince Pipes & Fitti News

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Prince Pipes & Fitti

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Prince Pipes & Fitti Research see more...

Overview Inc. Year: 1987Industry: Plastic Products

Prince Pipes & Fitti Share Price

Alert Data

Quarterly Price

Peer Comparison

Prince Pipes & Fitti Quarterly Results

Prince Pipes & Fitti Profit & Loss

Growth Rates

Prince Pipes & Fitti Balance Sheet

Prince Pipes & Fitti Cash Flow

Prince Pipes & Fitti Ratios

Prince Pipes & Fitti Shareholding Pattern

Prince Pipes & Fitti News

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