Prince Pipes And Fittings Limited

NSE: PRINCEPIPEPlastic Products - Industrial

Share price

₹249.25

-2.88% close of 8 Oct 2026

Market cap ₹2,767 CrP/E 26.9

Business score

How strong the business is, in one number. The parts behind it are in Pro.

out of 100 · worked out 8 Oct 2026

Your ratios

The numbers you want to see first. Tap Edit to change them.

Market cap

₹2,767 Cr

P/E ratio

26.9

P/B ratio

1.7

ROCE

6.0%

ROE

4.7%

Dividend yield

0.4%

Price & valuation chart

How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.

Prices as of 8 Oct 2026 close52-week high ₹332.3052-week low ₹206.05

Answers

Simple answers to the questions investors ask most, from the company's own numbers.

How fast it has been growing

Sales grew 5.1% over the past year, and 5.5% a year over its longer record. Meanwhile what it keeps of every 100 rupees of sales slipped from 13.9% to 9.9% over the last four years.

Whether it grew faster than its sector

It grew 5.5% a year against a sector median of 10.6% — 5.1 percentage points slower.

Room to re-rate, or risk of de-rating

At 26.9× earnings against a market that pays 23.9× across 2199 companies we can price. Its own industry sits at 41.9×, across 5 companies. It is against its own five-year median of 36.5×, the 9th percentile of its own range.

Whether growth justifies the valuation

Its earnings are falling, so growth cannot justify the price.

	Profit growth	Price per ₹1 profit	Per 1% growth
Prince Pipes And Fittings Limited — this one	-15%/yr	26.9×	—
Supreme Industries Limited	3%/yr	41.9×	₹14.0
Astral Limited	6%/yr	64.2×	₹10.7
Garware Hi-Tech Films Limited	27%/yr	41.1×	₹1.5
Finolex Industries Limited	33%/yr	15.1×	₹0.46
Kingfa Science & Technology (India) Limited	32%/yr	42.3×	₹1.3

Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

How it compares with its peers

Against companies the exchange files under the same label (Plastic Products - Industrial), it ranks 20 of 24 on returns, 15 of 22 on growth, 18 of 24 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

What makes it hard to beat — and is that still true?

No durable advantage shows in the numbers: it earns 6.0% on capital, ahead of 17% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

Whether its growth pays for itself

Yes — Over the last five years it made ₹1018 crore of cash from the business, spent ₹922 crore on plant and equipment, and returned ₹91 crore to lenders and shareholders. And the profit is real: of every 100 rupees it reported over 12 years, about 164 arrived as cash — well above the profit; depreciation and interest are the reason, not a windfall. Its cash comes back faster than it used to: it went from being waiting 70 days for its cash to waiting 51 days for its cash.

Profit reality check

Is the profit real cash? Simple checks on the accounts. Facts only, not advice.

9 of 9 checks clear · 100%

Latest result · Q1 FY27

What the last results showed. Whether management kept its word is in Pro.

Profit margin hit 13% even as volumes fell 7%

Announced 4 Aug 2026 · Standalone · Unaudited

Revenue

₹609 Cr

Revenue vs last year

+5.1%

Revenue vs last quarter

-28.3%

Net profit

₹34 Cr

Profit vs last year

+575.0%

Profit vs last quarter

-39.7%

Net margin

5.5%

EPS

₹3.05

Earnings call transcript · 4 Aug 2026

Checklist before you investPRO

Points for and against, in one list.

Key numbers & peers

The main numbers grouped by topic, and how the company compares with similar ones.

Price

Market cap: ₹2,767 Cr
Prev close: ₹249.25
52w High: ₹336
52w Low: ₹205
Enterprise value: ₹2,635 Cr
Beta: 1.2
Price CAGR 1y: -23.0%
Price CAGR 3y: -27.0%
Price CAGR 5y: -19.0%
Price CAGR 10y: —

Ratios

Return on assets: 3.1%
PEG ratio: -1.8
P/E ratio: 26.9
P/B ratio: 1.7
EV / EBITDA: 9.8
Industry P/E: 23.1
ROCE: 6.0%
ROCE 5y average: 13.0%
ROE: 4.7%
Debt / Equity: 0.1
Interest coverage: 11.2
Dividend yield: 0.4%
ROE 3y average: 6.0%
ROE last year: 5.0%

Annual P&L

Annual revenue: ₹2,598 Cr
Annual profit: ₹75 Cr
Operating margin: 9.0%
Net profit margin: 2.9%
EBITDA margin: 8.9%
Sales growth 3y: -1.4%
Sales growth 5y: 4.6%
Profit growth 3y: -15.0%
Profit growth 5y: -20.0%
EPS: ₹6.8
Sales growth TTM: 5.0%
Profit growth TTM: 347.0%
Dividend payout: 15.0%

Quarter P&L

Sales latest quarter: ₹609 Cr
Profit latest quarter: ₹34 Cr
YoY quarterly sales growth: 5.0%
YoY quarterly profit growth: 580.0%
OPM latest quarter: 12.7%

Balance Sheet

Book Value: ₹148
Face Value: ₹10.0
Total debt: ₹145 Cr
Total cash: ₹129 Cr
Borrowings: ₹145 Cr
Reserves / Equity: 13.8

Cash Flow

Operating cash flow: ₹526 Cr
Free cash flow: ₹313 Cr
FCF yield: 11.0%
Net cash flow: ₹48 Cr

Shareholding

Promoter holding: 61.0%
FII holding: 3.1%
DII holding: 15.3%
Public holding: 20.7%

Peer comparison

Company	Price ₹	P/E	Mkt cap ₹ Cr	Div yield %	Profit qtr ₹ Cr	Profit var %	Sales qtr ₹ Cr	Sales var %	ROCE %
Supreme Inds.	3,497.50	43.0	44,428	1.00	280.7	38.8	2,717.7	4.2	20.7
Astral	1,428.00	64.8	38,363	0.28	120.2	48.2	1,578.0	15.9	19.2
Garware Hi Tech	6,900.00	41.3	16,030	0.17	132.7	59.8	633.1	27.9	18.1
Finolex Inds.	151.65	15.3	9,410	1.31	114.5	16.7	883.6	-15.3	11.8
Kingfa Science	6,762.00	40.6	9,163	0.29	80.2	101.6	688.6	49.1	23.2
Time Technoplast	180.80	18.2	8,925	0.82	117.9	22.2	1,692.7	25.1	16.5
Prince Pipes	251.50	26.7	2,781	0.39	33.8	600.2	609.4	5.0	6.0
Median	180.80	22.3	304	0.00	5.3	22.2	101.1	16.3	14.9

Competes with: Apollo Pipes Limited, Astral Limited, Bright Brothers Limited, Captain Polyplast Limited, Dhabriya Polywood Limited, Finolex Industries Limited, Garware Hi-Tech Films Limited, Hindustan Adhesives Limited, Jai Corp Limited, Jain Irrigation Systems Limited, Jain Irrigation Systems Limited, Kingfa Science & Technology (India) Limited, Kriti Industries (India) Limited, Manika Plastech Limited, Prakash Pipes Limited, Premier Polyfilm Limited, R M Drip and Sprinklers Systems Limited, Shaily Engineering Plastics Limited, Sri KPR Industries Limited, Supreme Industries Limited, Tainwala Chemical and Plastic (I) Limited, Texmo Pipes and Products Limited, Tijaria Polypipes Limited, Time Technoplast Limited

Quarterly results

Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.

Standalone · to 30 Jun 2026

Line item	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales	554	656	619	740	604	622	578	720	580	595	573	850	609
Expenses	508	562	543	648	546	576	573	665	541	540	545	740	532
Material Cost								477	433	438	379	554	488
Change in Inventories								40	-18	-24	39	27	-101
Purchases of Stock-in-Trade								23	17	13	11	25	16
Employee Cost								46	41	45	47	51	51
Other Expenses								78	67	68	68	84	79
Operating Profit	45	94	76	92	58	46	5	55	40	55	28	110	77
OPM %	8.19	14	12	12	9.64	7.34	0.81	7.62	6.86	9.23	4.87	13	13
Other Income	4	22	3	5	3	4	2	6	3	2	-0	5	4
Exceptional items (within Other Income)								0	0	0	-2.05	0	0
Interest	2	1	3	1	1	2	5	3	5	4	-4	4	3
Depreciation	22	23	23	24	26	28	26	27	31	32	34	34	35
Profit before tax	26	93	53	72	34	20	-25	30	6	20	-2	76	43
Tax %	23	24	29	24	27	28	-19	19	24	26	18	26	21
Net Profit	20	71	38	55	25	15	-20	24	5	15	-2	56	34
EPS in Rs	1.77	6.39	3.40	4.94	2.23	1.33	-1.85	2.19	0.44	1.32	-0.22	5.08	3.05
Diluted EPS in Rs								2.19	0.44	1.32	-0.21	5.07	3.05

Profit & loss

Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.

Standalone · to 31 Mar 2026

Line item	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	957	1,007	1,246	1,315	1,572	1,636	2,072	2,657	2,711	2,569	2,524	2,598	2,627
Expenses	875	908	1,083	1,151	1,388	1,406	1,708	2,241	2,461	2,261	2,360	2,367	2,358
Material Cost											1,875	1,780
Change in Inventories											-91	23
Purchases of Stock-in-Trade											100	91
Employee Cost											174	184
Other Expenses											304	288
Operating Profit	82	100	163	164	184	230	364	416	250	307	163	232	270
OPM %	9	10	13	12	12	14	18	16	9	12	6	9	10
Other Income	2	0	2	5	7	6	15	5	9	34	13	11	10
Exceptional items (within Other Income)											0	-2.71
Interest	37	34	36	36	36	33	21	14	11	6	11	9.62	8
Depreciation	29	30	33	38	44	52	59	70	83	91	107	131	135
Profit before tax	18	37	96	95	111	151	299	337	165	244	59	102	136
Tax %	12	20	23	24	26	25	26	26	26	25	27	26
Net Profit	16	30	74	73	82	113	222	249	121	182	43	75	102
EPS in Rs	3.27	6.15	16	8.08	9.12	10	20	23	11	17	3.90	6.80	9.23
Diluted EPS in Rs											3.90	6.62
Dividend Payout %	0	0	0	0	0	10	17	16	0	6	13	15

Compounded growth

Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.

Compounded sales growth

10 years: 10%
5 years: 5%
3 years: -1%
TTM: 5%

Compounded profit growth

10 years: 10%
5 years: -20%
3 years: -15%
TTM: 347%

Stock price CAGR

10 years: —
5 years: -19%
3 years: -27%
1 year: -23%

Return on equity

10 years: 13%
5 years: 9%
3 years: 6%
Last year: 5%

Balance sheet

What the company owns and what it owes, at the end of each year. ₹ crore.

Standalone

Line item	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	48	48	45	90	90	110	110	111	111	111	111	111
Reserves	106	136	198	227	309	728	933	1,155	1,253	1,434	1,466	1,534
Borrowings	300	299	323	372	297	264	88	152	63	130	277	145
Other Liabilities	142	170	195	291	338	308	451	522	502	449	466	634
Total Liabilities	596	653	760	980	1,034	1,410	1,583	1,939	1,929	2,123	2,319	2,424
Fixed Assets	224	238	269	345	363	489	503	646	681	798	961	1,066
CWIP	4	14	18	15	62	8	77	23	24	35	20	26
Investments	0	2	1	1	1	1	1	12	92	38	27	148
Other Assets	367	400	473	620	608	913	1,002	1,259	1,133	1,252	1,312	1,183
Total Assets	596	653	760	980	1,034	1,410	1,583	1,939	1,929	2,123	2,319	2,424

Cash flows

Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.

Standalone

Line item	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity	123	86	94	162	219	102	292	-20	360	33	119	526
Cash from Investing Activity	-30	-51	-67	-170	-105	-368	-70	20	-142	-126	-235	-325
Cash from Financing Activity	-93	-35	-24	6	-105	257	-214	22	-128	48	120	-153
Net Cash Flow	-0	0	3	-2	9	-9	8	23	90	-45	4	48
Free Cash Flow	92	36	26	-8	114	-16	171	-188	266	-158	-136	312

Ratios

How fast customers pay, how long stock sits, and how well capital earns — year by year.

Standalone

Line item	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	81	87	69	66	58	40	58	60	56	83	61	51
Inventory Days	57	49	72	96	65	112	60	119	74	88	118	95
Days Payable	38	48	42	78	70	59	83	77	56	50	51	76
Cash Conversion Cycle	99	87	99	84	54	93	35	102	74	121	129	71
Working Capital Days	9	16	22	16	5	22	39	70	60	88	82	51
ROCE %		15	25	21	21	21	29	28	12	15	4	6

Shareholding pattern

Who owns the company — founders (promoters), foreign funds, Indian funds and the public. In %.

Standalone · to 30 Jun 2026

Line item	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Promoters	61	61	61	61	61	61	61	61	61	61	61	61
FIIs	5.01	5.74	5.15	6.44	7.27	6.07	6.19	3.75	3.72	3.54	3.55	3.06
DIIs	19	18	19	18	18	16	15	16	16	16	16	15
Public	15	15	15	14	14	17	18	20	19	20	20	21
No. of Shareholders	2,05,896	2,00,095	2,05,460	1,83,979	1,87,981	1,97,576	1,99,682	2,00,249	1,97,742	1,93,422	1,87,493	1,85,165

Price trend

The price as a Renko brick chart: small moves drop out so the bigger path stands out.

Change over 1 year -25.0% (₹332.15 → ₹249.25)Brick size ₹8.88 (fixed)Bricks 43

Price moved up one brickPrice moved down one brickLast close ₹249.25 on 8 Oct 2026

Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.

Open interestPRO

Where option traders are positioned on this stock.

Industry numbers

The numbers that matter most in this industry, from the company's own filings.

1 when an audit qualification is filed as repetitive

0.00flag

2026-03-31

the company's own unlisted debt securities in default at period end

0.00cr

2026-06-30

the company's own loans / revolving facilities in default at period end (standalone filing)

0.00cr

2026-06-30

net debt from the filed balance sheet at the newest year end: Borrowings − Cash Equivalents − Investments (Current); negative = net cash

-132inr_cr

2026-03-31

guarantees / comfort given for promoter, promoter group, directors and KMP

0.00cr

2026-03-31

loans outstanding to promoter, promoter group, directors and KMP (governance filing)

0.00cr

2026-03-31

security given for the borrowing of promoter, promoter group, directors and KMP

0.00cr

2026-03-31

FY revenue / permanent employees + workers, same basis (calc)

1,16,29,364inr

2026-03-31

News

News and filings about Prince Pipes And Fittings Limited. Open one to see why it matters.

30 Sept, 17:30 IST · Company event · low impact

Prince Pipes And Fittings Limited: Action(s) initiated or orders passed

Supply chain

Who it buys from, sells to and competes with — as recorded in our map of company links.

Uses as raw material

CPVC resin
HDPE resin
PPR / polypropylene resin
PVC resin
stabilisers & additives

Depends on the price of

Crude Oil Brent

Buys from

DCW Limited · PVC / C-PVC resin (pipe grade)
Platinum Industries Limited · PVC/CPVC stabilizers and additives

About

What the company is, from our own records: where it sits, where it makes things, and what it is made of.

Sector: Capital Goods
Industry: Plastic Products - Industrial
Classification: Capital Goods › Plastic Products - Industrial
ISIN: INE689W01016

Plants

Prince Pipes Athal plant
Prince Pipes Begusarai plant
Prince Pipes Chennai plant
Prince Pipes Dadra plant
Prince Pipes Haridwar plant
Prince Pipes Jobner plant
Prince Pipes Kolhapur plant
Prince Pipes Sangareddy plant

News impact

Big market events that reach Prince Pipes And Fittings Limited, and how the effect spreads.

27 Jul, 04:20 IST · Market event · medium impact

PVC resin prices rise Rs 4/kg effective Monday; Astral, Supreme Industries pipe makers in focus

The price of PVC (the plastic used to make water pipes) is going up by Rs 4 a kilo from Monday; this usually helps pipe makers like Supreme Industries and Astral in the short run because the older, cheaper stock they hold gains value and dealers rush to buy before further hikes.

Capital GoodsConstruction

Who it hits first

PVC-pipe makers (Supreme Industries, Astral, Finolex, Prince Pipes) get short-term inventory gains and pricing power as resin prices rise Rs 4/kg.

Who may gain

Well-run, low-debt pipe leaders (Supreme Industries, Astral) that hold low-cost inventory and can raise pipe prices.

Along the supply chain

Downstream

Pipe buyers — plumbing, agriculture irrigation and real-estate/construction contractors — face modestly higher pipe prices, a small cost pass-through.

Upstream

Higher PVC resin prices benefit backward-integrated resin makers (Finolex, and petrochem resin producers like Reliance/DCW) that sell resin.

Where demand moves

Business

A resin price hike prompts dealers to pre-buy pipes before further increases, pulling forward volumes to the pipe makers; makers holding cheaper resin/finished stock book inventory gains.

Capital

Sector-rotation is minor and stock-specific — money favours the higher-quality, lower-debt names (Supreme, Astral) over weak/loss-making pipe makers.

How it spreads across sectors

Capital Goods

Pipe makers see near-term margin and volume tailwind.

Construction

Marginally higher plumbing/irrigation pipe costs for builders.

Commodity angle

Commodity

PVC resin

Note

PVC/polymer Commodity nodes in the graph are fragmented with null prices (no live INR/kg or CNY/tonne feed), so margin_impact_bps cannot be computed and is left null. Note the converter dynamic: for pipe makers a resin PRICE RISE is a near-term TAILWIND (inventory gains + pricing power + dealer pre-buying), not a cost squeeze, so directions are positive despite PVC being an input.

Price source

Article-reported: +Rs 4/kg effective Monday (~7% on ~Rs 55-60/kg resin)

Shock type

price

When it plays out

Immediate

Pipe stocks in focus with a modest positive bias as dealers pre-buy.

Medium term

If resin keeps rising, pricing power persists; if it reverses, destocking and inventory losses can follow (the usual PVC cycle risk).

Short term

Inventory gains show up in the quarter if resin prices hold; watch whether the hike sticks.

Dividends, splits & big trades

Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.

Dividends

9 Sep 2026	unspecified	₹1
4 Sep 2025	unspecified	₹0.5
4 Sep 2024	unspecified	₹1
13 Sep 2022	unspecified	₹2
12 Nov 2021	interim	₹1.5
7 Sep 2021	unspecified	₹2
13 Nov 2020	interim	₹1.5
23 Mar 2020	interim	₹1

Splits, bonuses & buybacks

daily-prices repair: 8 rows from NSE's archive (replace 1, delete 1, insert 6), 2020-02-01..2026-02-01 (docs/flat_day_repair.md)1× · 1 Feb 2020

Documents

Annual reports, results presentations and earnings calls, straight from the source.

Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.