336.4500 17.80 (5.59%)
NSE Sep 01, 2025 15:31 PM
Volume: 367.0K
 

ICICI Securities Limited
Prince Pipes and Fittings (PRINCPIP) reported Q1FY24 pipe volume growth of 18.9% YoY (4-year CAGR of 2.3%), while revenue fell 8.4% YoY due to realisation decline of 22.9% YoY. EBITDA/kg declined 13.1% YoY to INR 12.2/kg (-63.6% QoQ) due to adverse product mix (higher agri pipe sales that have lower margins), lower fitting-to-pipe ratio due to ERP issues and inventory loss of ~INR 100mn (adj. EBITDA/kg of ~INR 15/kg).
Prince Pipes & Fittings Ltd. has lost -42.69% in the last 1 Year
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