Prince Pipes and Fittings (PPFL) is engaged in manufacturing polymer pipes and fittings. This includes UPVC, CPVC, PPR and HDPE contributing 71%, 20% 6% and 3% to the topline, respectively. The company has six manufacturing plants and over 1400 distributors across India. With a current value market share of 5% in the plastic piping industry, PPFL aims to increase its manufacturing capacity by 25% to ~3 lakh MT by the end of FY21E. The company reported a revenue CAGR of 12% in FY17-19 led by 11% volume growth in the same period. Further, PPFL plans to increase its...