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Prince Pipes & Fittings
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Prince Pipes & Fittings Share price and Fundamental Analysis
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Prince Pipes & Fittings Management and History
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Company History
Prince Pipes and Fittings Limited (PPFL) was incorporated as a private limited company with the name 'Prince Pipes and Fittings Private Limited' on November 13, 1987, at Mumbai, Maharashtra. Thereafter, the company became a deemed public limited company with effect from July 1, 1998. Further, the Company converted back into a private company on May 18, 2001. Subsequently, the company converted into a public limited and the name of the Company was changed to 'Prince Pipes and Fittings Limited' on August 11, 2017.
The Company is recognized as India's largest integrated piping solutions providers based in Mumbai. The Company markets its products under two brand names: Prince Piping Systems; and Trubore Piping Systems. Due to the comprehensive product range, the company is positioned as an end-to-end polymer piping systems solution provider. Prince Pipes and Fittings Limited is a Fortune India 500 company.
The Company has been engaged in the manufacturing of polymer piping solutions in five types of polymers, such as CPVC, UPVC, HDPE, PPR and LLDP. Over time, it has emerged as one of the fastest growing companies in the Indian pipes and fittings industry. With more thab 1500 distributors and 7 state-of-art facilities across India, of which 5 contract-manufacturing units are located at Hajipur (Bihar), 2 in Aurangabad (Maharashtra), Hajipur Vaishali District (Bihar) and Balasore (Orissa). The Company plans to set up two new manufacturing plants, one in Jobner (Rajasthan), which is near Jaipur, and the other in Sangareddy (Telangana).
In 2019-20, the Company completed initial public offering of its equity shares (IPO) of 28,089,885 Equity shares of Rs. 10/- each comprising of a Fresh Issue of 14,044,943 Equity shares of Rs. 10/- each and Offer for Sale (OFS) of 14,044,942 Equity shares of Rs. 10/- each by some of the promoters of the Company namely Mr. Jayant Chheda, Mrs. Tarla Chheda, Mr. Parag Chheda and Mr. Vipul Chheda. The Company raised an amount of Rs. 2,500 million from the Fresh Issue and the Promoters raised Rs. 2,500 million under the OFS. Post allotment / transfer in the IPO, equity shares of the Company got listed and commenced trading on the BSE Limited and the National Stock Exchange of India Limited on December 30, 2019. Post the issue, 63.25% of Equity Share Capital of the Company is held by the Promoter and Promoter Group.
A newly constructed plant was set up at Jaipur, Rajasthan, which commenced production for pipe manufacturing in September, 2019 and the Jaipur plant's capacity expanded to 20,909 TPA as on 31st March, 2020.
In June 2020, the Company launched StoreFit water tanks as part of its introductory range of overhead water storage solutions. It also launched 4 additional products including EASYFIT RE specially designed to divert wastewater into a system where it can be recycled, CABLEFIT pipes manufactured using ultra-modern hi-tech machines for India's rapidly growing infrastructural needs and GREENFIT PP-R systems designed for hot & cold water plumbing systems in buildings & Industrial piping installations.
In September 2020, Company announced a collaboration with Lubrizol [headquartered in the US] - the world's largest manufacturers and inventors of CPVC compounds. It also announced a technical collaboration in July 2020 with Tooling Holland BV [based in The Netherlands] - a global leader in plastic mould manufacturing association. To scale up distribution and penetration in Southern India, the newest integrated pipes and fittings manufacturing facility was launched in Telangana in September 2020 with a total estimated installed capacity of 51,943 tons per annum.
In January 2021, the Company opened its seventh manufacturing facility in Sangareddy, Telangana.
In 2021-22, the Company expanded the portfolio by launching new products like PE-FIT Aqua - HDPE Piping Systems that finds application in Potable Water City Pipe Network, Drip, Sprinkler and Lift Irrigation, Industrial Effluents, Infrastructure Projects, Government projects, Bore Well Application for Submersible Pumps, Mining Sector for Handling Slurries. CORFIT Manhole Chambers was launched at Plumbex India in New Delhi.
In November 2022 and January 2023, the Company launched 3 key products in Modern Plumbing division, by introducing Skolan Safe, a Premium Polypropylene (PP) Silent Drainage System, Prince HT Safe PP Low Noise Drainage System and Prince Hauraton - a modern range of Surface Drainage solutions. In 2023, it diversified into the Bathware segment with the launch of Prince Bathware - a new, unique collection of faucets, showers, sanitaryware and accessories.
Prince Pipes & Fittings Share Price
Prince Pipes & Fittings share price reflects investor sentiment toward the company and is impacted by various factors such as financial performance, market trends, and economic conditions. Share price is an indicator which shows the current value of the company's shares at which buyers or sellers can transact.
Prince Pipes & Fittings Market Cap
Market capitalization of Prince Pipes & Fittings indicates the total value of its outstanding shares. Marketcap is calculated by multiplying share price and outstanding shares of the company. It is a helpful metric for assessing the company's size and market Valuation. It also helps investors understand how Prince Pipes & Fittings is valued compared to its competitors.
Prince Pipes & Fittings PE Ratio
Prince Pipes & Fittings PE ratio helps investors understand what is the market value of each stock compared to Prince Pipes & Fittings 's earnings. A PE ratio higher than the average industry PE could indicate an overvaluation of the stock, whereas a lower PE compared to the average industry PE could indicate an undervaluation.
Prince Pipes & Fittings PEG Ratio
The PEG ratio of Prince Pipes & Fittings evaluates its PE ratio in relation to its growth rate. A PEG ratio of 1 indicates a fair value, a PEG ratio of less than 1 indicates undervaluation, and a PEG ratio of more than 1 indicates overvaluation.
Prince Pipes & Fittings ROE (Return on Equity)
Return on Equity (ROE) measures how effectively Prince Pipes & Fittings generates profit from shareholders' equity. A higher ROE of more than 20% indicates better financial performance in terms of profitability.
Prince Pipes & Fittings ROCE (Return on Capital Employed)
Return on Capital Employed (ROCE) evaluates the profitability of Prince Pipes & Fittings in relation to its capital employed. In simple terms, ROCE provides insight to investors as to how well the company is utilizing the capital deployed. A high ROCE of more than 20% shows that the business is making profitable use of its capital.
Prince Pipes & Fittings Total Debt
Total debt of Prince Pipes & Fittings shows how much the company owes to either banks or individual creditors. In simple terms, this is the amount the company has to repay. Total debt can be a very useful metric to show the financial health of the company. Total debt more than equity is considered to be a bad sign.
Prince Pipes & Fittings Debt to Equity Ratio
The Debt-to-Equity (DE) ratio of Prince Pipes & Fittings compares its total debt to shareholders' equity. A higher Debt to Equity ratio could indicate higher financial risk, while a lower ratio suggests that the company is managing its debt efficiently.
Prince Pipes & Fittings CAGR (Compound Annual Growth Rate)
CAGR shows the consistent growth rate of Prince Pipes & Fittings over a specific period, whether it is over a month, a year, or 10 years. It is a key metric to evaluate the company’s long-term growth potential. Main metrics for which CAGR is calculated are net sales, net profit, operating profit, and stock returns.
Prince Pipes & Fittings Technical Analysis
Technical analysis of Prince Pipes & Fittings helps investors get an insight into when they can enter or exit the stock. Key components of Prince Pipes & Fittings Technical Analysis include:
Support Levels (S1, S2, S3)
There are usually multiple support levels, but the main support levels for a stock are S1, S2, S3. Support levels indicate price points where stock might get support from buyers, helping the stock stop falling and rise.
Resistance Levels (R1, R2, R3)
There are usually multiple resistance levels, but the main resistance levels for a stock are R1, R2, R3. Resistance levels represent price points where Prince Pipes & Fittings shares often struggle to rise above due to selling pressure.
Prince Pipes & Fittings Dividends
Dividends refer to the portion of the company’s profits distributed to its shareholders. Dividends are typically paid out in cash and reflect Prince Pipes & Fittings ’s financial health and profitability.
Prince Pipes & Fittings Bonus Shares
Bonus shares are usually given by companies to make the stock more affordable, increase liquidity, boost investor confidence, and more.
Prince Pipes & Fittings Stock Split
Stock split increases the number of its outstanding shares by dividing each existing share into multiple shares. When the company offers a stock split, the face value of the stock reduces in the same proportion as the split ratio.
Prince Pipes & Fittings Financials
The financials of Prince Pipes & Fittings provide a complete view to investors about its net sales, net profit, operating profits, expenses, and overall financial health. Investors can analyze financial data to assess the company’s stability and also understand how the company has been growing financially.
Prince Pipes & Fittings Profit and Loss Statements
The profit and loss statement of Prince Pipes & Fittings highlights its net sales, net profit, total expenditure, and operating profits in the current financial year. This Profit and Loss statement is crucial for evaluating the profitability and financial stability of Prince Pipes & Fittings .
Prince Pipes & Fittings Balance Sheet
The balance sheet presents a snapshot of Prince Pipes & Fittings ’s assets, liabilities, and equity of shareholders, providing insights into the financials of the company.
Prince Pipes & Fittings Cashflow Statements
Cashflow statements track the company's cash inflows and outflows over a period. It is an essential tool for understanding how well the company manages its liquidity and finances.
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