Prince Pipes & Fitti

₹571.4 -6.8 | 1.2%

WEBSITE BSE:542907 NSE : PRINCEPIPE 23 Mar, 16:01

Market Cap ₹6317 Cr.

Stock P/E 66.8

P/B 5

Current Price ₹571.4

Book Value ₹ 114.9

Face Value 10

52W High ₹730

Dividend Yield 0.61%

52W Low ₹ 513.1

Edit Ratio

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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.

Quarterly Price

Quarterly Monthly

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Peer Comparison

Prince Pipes & Fitti Quarterly Results

#(Fig in Cr.)	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Jun 2022	Sep 2022	Dec 2022
Net Sales	302	459	549	761	331	761	664	604	636	706
Other Income	5	3	5	4	2	1	2	1	3	1
Total Income	308	462	554	766	333	762	666	605	639	707
Total Expenditure	271	378	446	615	289	638	553	560	648	636
Operating Profit	37	84	108	151	43	124	113	45	-9	71
Interest	7	5	4	5	3	4	3	3	3	2
Depreciation	14	15	15	15	16	17	18	20	21	21
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	16	63	89	131	25	104	92	22	-33	48
Provision for Tax	5	16	22	34	7	27	24	6	-9	13
Profit After Tax	11	47	67	97	18	76	67	16	-24	35
Adjustments	0	0	0	0	0	-0	0	0	0	0
Profit After Adjustments	11	47	67	97	18	76	67	16	-24	35
Adjusted Earnings Per Share	1	4.2	6.1	8.8	1.6	6.9	6.1	1.4	-2.2	3.2

Prince Pipes & Fitti Profit & Loss

#(Fig in Cr.)	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	TTM
Net Sales	519	853	1006	957	1009	1246	1315	1572	1636	2072	2657	2610
Other Income	0	0	7	2	1	2	6	7	7	18	5	7
Total Income	519	853	1013	959	1010	1249	1321	1579	1643	2089	2662	2617
Total Expenditure	494	782	903	871	906	1084	1152	1388	1407	1710	2241	2397
Operating Profit	25	71	110	88	105	165	169	191	236	379	421	220
Interest	0	0	48	37	35	36	36	36	33	21	14	11
Depreciation	14	21	26	29	29	33	38	44	52	59	70	80
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	11	50	35	22	41	96	95	111	151	299	337	129
Provision for Tax	2	12	2	5	10	22	22	29	38	77	87	34
Profit After Tax	9	38	33	17	31	74	73	82	113	222	249	94
Adjustments	0	0	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	9	38	33	17	31	74	73	82	113	222	249	94
Adjusted Earnings Per Share	0	4	3.4	1.8	3.2	8.2	8.1	9.1	10.2	20.2	22.6	8.5

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	28%	19%	16%	18%
Operating Profit CAGR	11%	30%	21%	33%
PAT CAGR	12%	45%	27%	39%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	-13%	80%	NA%	NA%
ROE Average	22%	21%	23%	23%
ROCE Average	28%	26%	24%	19%

Prince Pipes & Fitti Balance Sheet

#(Fig in Cr.)	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Shareholder's Funds	80	111	144	160	191	243	317	399	838	1043	1265
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	45	114	88	71	89	106	146	106	39	0	0
Other Non-Current Liabilities	16	27	24	29	30	32	42	39	42	26	25
Total Current Liabilities	250	284	338	333	338	380	475	582	594	513	649
Total Liabilities	391	536	594	593	649	761	980	1126	1513	1583	1939
Fixed Assets	138	216	224	224	235	269	345	363	489	503	646
Other Non-Current Assets	42	10	9	10	22	25	92	137	77	117	67
Total Current Assets	211	310	361	359	392	467	543	626	948	962	1227
Total Assets	391	536	594	593	649	761	980	1126	1513	1583	1939

Prince Pipes & Fitti Cash Flow

#(Fig in Cr.)	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Opening Cash & Cash Equivalents	4	7	7	9	6	0	3	0	9	0	8
Cash Flow from Operating Activities	2	4	23	123	88	97	162	219	102	292	-20
Cash Flow from Investing Activities	-34	-78	-36	-30	-51	-68	-170	-105	-368	-70	20
Cash Flow from Financing Activities	35	74	13	-95	-35	-26	6	-105	257	-214	22
Net Cash Inflow / Outflow	3	-0	-1	-3	3	3	-2	9	-9	8	23
Closing Cash & Cash Equivalent	7	7	6	6	9	3	0	9	0	8	32

Prince Pipes & Fitti Ratios

#	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Earnings Per Share (Rs)	0	3.99	3.44	1.79	3.24	8.24	8.08	9.12	10.23	20.16	22.56
CEPS(Rs)	2.41	6.19	6.19	4.76	6.21	11.89	12.31	13.96	14.95	25.56	28.92
DPS(Rs)	0	0	0	0	0	0	0	0	1	3.5	3.5
Book NAV/Share(Rs)	0	11.52	14.95	16.7	19.94	26.94	35.09	44.13	75.93	94.6	114.44
Core EBITDA Margin(%)	4.9	8.35	9.54	8.34	9.54	12.23	12.37	11.47	13.29	16.58	15.09
EBIT Margin(%)	2.17	5.87	7.72	5.78	7.01	9.95	9.94	9.2	10.68	14.66	12.73
Pre Tax Margin(%)	2.17	5.87	3.26	2.16	3.75	7.21	7.21	6.94	8.75	13.72	12.23
PAT Margin (%)	1.73	4.49	3.05	1.66	2.87	5.58	5.51	5.12	6.54	10.17	9.05
Cash Profit Margin (%)	4.47	6.97	5.49	4.42	5.5	8.05	8.39	7.83	9.56	12.9	11.61
ROA(%)	2.58	8.26	5.84	2.89	5.01	10.52	8.36	7.8	8.53	14.33	14.16
ROE(%)	11.92	40.21	25.96	11.29	17.68	34.18	26.06	23.03	18.25	23.65	21.63
ROCE(%)	4.12	14.64	18.83	12.46	16.02	25.11	21.08	21.44	20.49	28.73	27.58
Receivable days	64.77	56.12	59.67	73.38	75.93	65.28	65.8	55.7	45.6	42.72	50.71
Inventory Days	43.01	41.42	42.46	42.67	35.87	37.7	57.46	50.34	57.85	47.85	56.05
Payable days	4907.82	50.4	30.45	30.61	43	41.31	59.24	66.72	64.31	65.61	68.79
PER(x)	0	0	0	0	0	0	0	0	10	20.72	28.12
Price/Book(x)	0	0	0	0	0	0	0	0	1.35	4.42	5.54
Dividend Yield(%)	0	0	0	0	0	0	0	0	0.98	0.84	0.55
EV/Net Sales(x)	0.43	0.35	0.4	0.36	0.33	0.28	0.34	0.23	0.69	2.15	2.67
EV/Core EBITDA(x)	8.69	4.14	3.62	3.87	3.22	2.15	2.63	1.91	4.78	11.74	16.87
Net Sales Growth(%)	16.44	64.38	17.97	-4.88	5.41	23.54	5.5	19.53	4.06	26.65	28.26
EBIT Growth(%)	-41.05	345.23	67.04	-28.51	27.18	74	-0.76	12.45	24.48	74.05	9.68
PAT Growth(%)	-33.3	325.71	-13.89	-47.98	81.31	138.41	-1.91	12.87	36.98	97.17	12.43
EPS Growth(%)	0	325.68	-13.89	-47.98	81.31	154.3	-1.91	12.87	12.07	97.17	11.88
Debt/Equity(x)	2.7	2.51	2.48	1.87	1.55	1.33	1.15	0.75	0.31	0.08	0.12
Current Ratio(x)	0.84	1.09	1.07	1.08	1.16	1.23	1.14	1.07	1.6	1.88	1.89
Quick Ratio(x)	0.56	0.66	0.69	0.74	0.86	0.77	0.64	0.73	1.02	1.43	0.94
Interest Cover(x)	0	0	1.73	1.6	2.15	3.64	3.64	4.07	5.54	15.47	25.23
Total Debt/Mcap(x)	0	0	0	0	0	0	0	0	0.23	0.02	0.02

Prince Pipes & Fitti Shareholding Pattern

#	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022
Promoter	63.25	63.25	63.25	63.25	63.25	62.94	62.94	62.94	62.94	62.94
FII	0.83	0.83	2.43	3.05	3.6	4.84	3.96	4.15	3.98	4.41
DII	17.48	16.23	15.6	12.46	11.77	13.75	14.04	14.52	14.58	15.46
Public	18.44	19.69	18.72	21.24	21.38	18.47	19.05	18.4	18.5	17.2
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022
Promoter	6.96	6.96	6.96	6.96	6.96	6.96	6.96	6.96	6.96	6.96
FII	0.09	0.09	0.27	0.34	0.4	0.54	0.44	0.46	0.44	0.49
DII	1.92	1.79	1.72	1.37	1.3	1.52	1.55	1.6	1.61	1.71
Public	2.03	2.17	2.06	2.34	2.35	2.04	2.11	2.03	2.05	1.9
Others	0	0	0	0	0	0	0	0	0	0
Total	11	11	11	11	11	11.06	11.06	11.06	11.06	11.06