Prince Pipes & Fitti

₹640 12.6 | 2%

WEBSITE BSE:542907 NSE : PRINCEPIPE 10 May, 16:01

Market Cap ₹7076 Cr.

Stock P/E 31.9

P/B 4.8

Current Price ₹640

Book Value ₹ 134.4

Face Value 10

52W High ₹775.8

Dividend Yield 0%

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.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Net Sales	761	664	901	604	636	706	764	554	656	619
Other Income	1	2	0	1	3	1	3	4	4	3
Total Income	762	666	901	605	639	707	768	557	660	622
Total Expenditure	638	553	761	560	648	636	616	508	562	543
Operating Profit	124	113	141	45	-9	71	152	49	98	79
Interest	4	3	4	3	3	2	3	2	1	3
Depreciation	17	18	20	20	21	21	21	22	23	23
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	18	0
Profit Before Tax	104	92	117	22	-33	48	128	26	93	53
Provision for Tax	27	24	28	6	-9	13	34	6	22	15
Profit After Tax	76	67	88	16	-24	35	94	20	71	38
Adjustments	-0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	76	67	88	16	-24	35	94	20	71	38
Adjusted Earnings Per Share	6.9	6.1	8	1.4	-2.2	3.2	8.5	1.8	6.4	3.4

Prince Pipes & Fitti Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	853	1006	957	1009	1246	1315	1572	1636	2072	2657	2711	2593
Other Income	0	7	2	1	2	6	7	7	18	5	9	14
Total Income	853	1013	959	1010	1249	1321	1579	1643	2089	2662	2719	2607
Total Expenditure	782	903	871	906	1084	1152	1388	1407	1710	2241	2461	2229
Operating Profit	71	110	88	105	165	169	191	236	379	421	259	378
Interest	0	48	37	35	36	36	36	33	21	14	11	9
Depreciation	21	26	29	29	33	38	44	52	59	70	83	89
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0	0	18
Profit Before Tax	50	35	22	41	96	95	111	151	299	337	165	300
Provision for Tax	12	2	5	10	22	22	29	38	77	87	43	77
Profit After Tax	38	33	17	31	74	73	82	113	222	249	121	223
Adjustments	0	0	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	38	33	17	31	74	73	82	113	222	249	121	223
Adjusted Earnings Per Share	4	3.4	1.8	3.2	8.2	8.1	9.1	10.2	20.2	22.6	11	20.1

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	2%	18%	16%	12%
Operating Profit CAGR	-38%	3%	9%	14%
PAT CAGR	-51%	2%	11%	12%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	5%	4%	NA%	NA%
ROE Average	9%	18%	19%	23%
ROCE Average	12%	23%	22%	20%

Prince Pipes & Fitti Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	111	144	160	191	243	317	399	838	1043	1265	1364
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	114	88	71	89	106	146	106	39	0	0	0
Other Non-Current Liabilities	27	24	29	30	32	42	39	42	26	25	31
Total Current Liabilities	284	338	333	338	380	475	582	594	513	649	460
Total Liabilities	536	594	593	649	761	980	1126	1513	1583	1939	1854
Fixed Assets	216	224	224	235	269	345	363	489	503	646	681
Other Non-Current Assets	10	9	10	22	25	92	137	77	117	67	48
Total Current Assets	310	361	359	392	467	536	626	948	962	1227	1125
Total Assets	536	594	593	649	761	980	1126	1513	1583	1939	1854

Prince Pipes & Fitti Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	7	7	9	6	0	3	0	9	0	8	32
Cash Flow from Operating Activities	4	23	123	88	97	162	219	102	292	-20	360
Cash Flow from Investing Activities	-78	-36	-30	-51	-68	-170	-105	-368	-70	20	-148
Cash Flow from Financing Activities	74	13	-95	-35	-26	6	-105	257	-214	22	-122
Net Cash Inflow / Outflow	-0	-1	-3	3	3	-2	9	-9	8	23	90
Closing Cash & Cash Equivalent	7	6	6	9	3	0	9	0	8	32	121

Prince Pipes & Fitti Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	3.99	3.44	1.79	3.24	8.24	8.08	9.12	10.23	20.16	22.56	10.98
CEPS(Rs)	6.19	6.19	4.76	6.21	11.89	12.31	13.96	14.95	25.56	28.92	18.49
DPS(Rs)	0	0	0	0	0	0	0	1	3.5	3.5	0
Book NAV/Share(Rs)	11.52	14.95	16.7	19.94	26.94	35.09	44.13	75.93	94.6	114.44	123.37
Core EBITDA Margin(%)	8.35	9.54	8.34	9.54	12.23	12.37	11.47	13.29	16.58	15.09	8.85
EBIT Margin(%)	5.87	7.72	5.78	7.01	9.95	9.94	9.2	10.68	14.66	12.73	6.22
Pre Tax Margin(%)	5.87	3.26	2.16	3.75	7.21	7.21	6.94	8.75	13.72	12.23	5.83
PAT Margin (%)	4.49	3.05	1.66	2.87	5.58	5.51	5.12	6.54	10.17	9.05	4.29
Cash Profit Margin (%)	6.97	5.49	4.42	5.5	8.05	8.39	7.83	9.56	12.9	11.61	7.23
ROA(%)	8.26	5.84	2.89	5.01	10.52	8.36	7.8	8.53	14.33	14.16	6.4
ROE(%)	40.21	25.96	11.29	17.68	34.18	26.06	23.03	18.25	23.65	21.63	9.24
ROCE(%)	14.64	18.83	12.46	16.02	25.11	21.08	21.44	20.49	28.73	27.58	12.4
Receivable days	56.12	59.67	73.38	75.93	65.28	65.8	55.7	45.6	42.72	50.71	54.81
Inventory Days	41.42	42.46	42.67	35.87	37.7	57.46	50.34	57.85	47.85	56.05	67.37
Payable days	50.4	30.45	30.61	43	41.31	59.24	66.72	64.31	65.61	68.79	62.71
PER(x)	0	0	0	0	0	0	0	10	20.72	28.12	49.35
Price/Book(x)	0	0	0	0	0	0	0	1.35	4.42	5.54	4.39
Dividend Yield(%)	0	0	0	0	0	0	0	0.98	0.84	0.55	0
EV/Net Sales(x)	0.35	0.4	0.36	0.33	0.28	0.34	0.23	0.69	2.15	2.67	2.19
EV/Core EBITDA(x)	4.14	3.62	3.87	3.22	2.15	2.63	1.91	4.78	11.74	16.87	22.89
Net Sales Growth(%)	64.38	17.97	-4.88	5.41	23.54	5.5	19.53	4.06	26.65	28.26	2.03
EBIT Growth(%)	345.23	67.04	-28.51	27.18	74	-0.76	12.45	24.48	74.05	9.68	-49.87
PAT Growth(%)	325.71	-13.89	-47.98	81.31	138.41	-1.91	12.87	36.98	97.17	12.43	-51.32
EPS Growth(%)	325.68	-13.89	-47.98	81.31	154.3	-1.91	12.87	12.07	97.17	11.88	-51.32
Debt/Equity(x)	2.51	2.48	1.87	1.55	1.33	1.15	0.75	0.31	0.08	0.12	0.04
Current Ratio(x)	1.09	1.07	1.08	1.16	1.23	1.13	1.07	1.6	1.88	1.89	2.45
Quick Ratio(x)	0.66	0.69	0.74	0.86	0.77	0.62	0.73	1.02	1.43	0.94	1.52
Interest Cover(x)	0	1.73	1.6	2.15	3.64	3.64	4.07	5.54	15.47	25.23	15.97
Total Debt/Mcap(x)	0	0	0	0	0	0	0	0.23	0.02	0.02	0.01

Prince Pipes & Fitti Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	62.94	62.94	62.94	62.94	62.94	60.94	60.94	60.94	60.94	60.94
FII	4.84	3.96	4.15	3.98	4.41	6.24	6.12	5.01	5.74	5.15
DII	13.75	14.04	14.52	14.58	15.46	15.75	16.38	18.56	18.4	18.53
Public	18.47	19.05	18.4	18.5	17.2	17.07	16.56	15.49	14.92	15.37
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	6.96	6.96	6.96	6.96	6.96	6.74	6.74	6.74	6.74	6.74
FII	0.54	0.44	0.46	0.44	0.49	0.69	0.68	0.55	0.63	0.57
DII	1.52	1.55	1.6	1.61	1.71	1.74	1.81	2.05	2.03	2.05
Public	2.04	2.11	2.03	2.05	1.9	1.89	1.83	1.71	1.65	1.7
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 68.79 to 62.71days.
Company is almost debt free.

Cons

Stock is trading at 4.8 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

IPO

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