NSE: PRINCEPIPE | BSE: 542907

Slowing Down Stock

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258.26 -0.72 (-0.28%)

64.17% Fall from 52W High

132.4K NSE+BSE Volume

NSE 17 Apr, 2025 3:31 PM (IST)

2,855.4

Market Cap

High in industry

0.7

Beta 1Year

Very Low volatility

Prince Pipes & Fittings Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for PRINCEPIPE, BSE:542907 Prince Pipes & Fittings Ltd.

Prince Pipes & Fittings Ltd.

22 Mar 2024

258.26

-0.28%

PRINCE PIPES AND FITTINGS LIMITED

Buy: Prince Pipes & Fittings Ltd.

Recommendation Target

Geojit BNP Paribas

Prince Pipes & Fittings Ltd. is trading above its 30 day SMA of 256.3

Prince Pipes & Fittings Ltd.

07 Feb 2024

258.26

-0.28%

First Light | Ashok Leyland, Greenlam Industries, Orient Cement, Prince Pipes & Fittings

Hold: Prince Pipes & Fittings Ltd.

BOB Capital Markets Ltd.

AL: Margins continue to improve, maintain BUY. GRLM: Soft quarter on tepid demand environment. ORCMNT: Topline muted as volumes decline. PRINCPIP: Lacklustre quarter on sustained market share loss

Prince Pipes & Fittings Ltd. is trading below its 50 day SMA of 279.1

Prince Pipes & Fittings Ltd.

06 Feb 2024

258.26

-0.28%

Prince Pipe and Fittings: Q3FY24 Result Review

Hold: Prince Pipes & Fittings Ltd.

Recommendation Target

IDBI Capital

Prince Pipes & Fittings Ltd. has lost -35.18% in the last 3 Months

Prince Pipes & Fittings Ltd.

06 Feb 2024

258.26

-0.28%

Prince Pipes & Fittings (HOLD): Lacklustre quarter on sustained market share loss

Hold: Prince Pipes & Fittings Ltd.

BOB Capital Markets Ltd.

Q3 PAT came in 36% below our estimate on continued market share bleed and margin pressure

Prince Pipes & Fitti.. has an average target of 474.67 from 3 brokers.

Prince Pipes & Fittings Ltd.

18 Jan 2024, 12:00AM

258.26

-0.28%

Technical pick update 01- PRINCE PIPES FITTING LTD

Buy: Prince Pipes & Fittings Ltd.

IDBI Capital

Prince Pipes & Fittings Ltd. has lost -35.18% in the last 3 Months

Prince Pipes & Fittings Ltd.

18 Dec 2023, 12:00AM

258.26

-0.28%

Technical Pick- PRINCE PIPES FITTING LTD

Buy: Prince Pipes & Fittings Ltd.

Target

IDBI Capital

Prince Pipes & Fittings Ltd. has lost -57.32% in the last 1 Year

Prince Pipes & Fittings Ltd.

08 Nov 2023

258.26

-0.28%

Decent quarter; guides for better volume growth ahead

Accumulate: Prince Pipes & Fittings Ltd.

ICICI Securities Limited

Prince Pipes and Fittings (PRINCPIP) reported Q2FY24 pipe volume growth of 8.0% YoY (4-year CAGR of 4.7%) whereas revenue grew 3.1% YoY as realisation declined 4.5% YoY. Pipe EBITDA/kg grew 86% QoQ to INR 22.7/kg (vs INR -3/kg YoY) on a low base, driven by improved product mix, resulting in EBITDA/APAT growth of 108%/191% QoQ, respectively.

Prince Pipes & Fittings Ltd. has lost -52.15% in the last 6 Months

Prince Pipes & Fittings Ltd.

15 Sep 2023

258.26

-0.28%

Demand scenario remains steady; better margin outlook

Accumulate: Prince Pipes & Fittings Ltd.

Target

ICICI Securities Limited

We visited the largest plant of Prince Pipes and Fittings (PRINCPIP) situated in Haridwar (Uttarkhand) on Sep 13-14, ‘23, and interacted with its management and its biggest pipe dealer of Haridwar. The Haridwar plant caters to markets primarily in North and East India.

Prince Pipes & Fittings Ltd. has lost -35.18% in the last 3 Months

Prince Pipes & Fittings Ltd.

16 Aug 2023

258.26

-0.28%

Below par Sales, overall performance fails to impress

Hold: Prince Pipes & Fittings Ltd.

Recommendation

Bonanza

Prince Pipes’s Q1FY24 numbers failed to impress with Revenue declining by 8.3% YoY at ? 554 Cr (as against ? 604 Cr Q1FY23), although, the Volumes increased by 19% YoY at 37,155 MT as compared to 31,250 MT in Q1FY23. The EBITDA was flat, improving by 200bps YoY at ? 45 crore versus ? 44 crore in Q1FY23, with enhanced margins by 80bps YoY to 8.1%.

Prince Pipes & Fittings Ltd. has lost -57.32% in the last 1 Year

Prince Pipes & Fittings Ltd.

12 Aug 2023

258.26

-0.28%

Positive volume surprise, margins to improve from Q2FY24E

Accumulate: Prince Pipes & Fittings Ltd.

Target

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 -52.15% in the last 6 Months

VOTE: Is Prince Pipes & Fittings Ltd. worth buying?

114 Votes:

Buy 78.07%

Sell 16.67%

Hold 5.26%

RESEARCH REPORTS

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