NSE: PRINCEPIPE | BSE: 542907

Slowing Down Stock

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241.06 -2.94 (-1.20%)

New 52W Low in past week

63,549 NSE+BSE Volume

NSE 09 Apr, 2025 11:24 AM (IST)

2,665.2

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.

11 Aug 2023

241.06

-1.20%

Prince Pipe & Fittings: Q1FY24 Result Review

Buy: Prince Pipes & Fittings Ltd.

Target

IDBI Capital

Prince Pipes & Fittings Ltd. has lost -55.98% in the last 6 Months

Prince Pipes & Fittings Ltd.

19 Jun 2023

241.06

-1.20%

Demand trends remain healthy

Accumulate: Prince Pipes & Fittings Ltd.

Recommendation

ICICI Securities Limited

We recently interacted with the management of Prince Pipes and Fittings (PRINCPIP) and learnt inter alia that demand in the ongoing quarter (Q1FY24) is healthy across the segments, i.e. plumbing, agriculture and infrastructure. Plumbing demand is strong as the housing market continues to do well, whereas agriculture demand has picked up due to lower PVC resin prices.

Number of FII/FPI investors decreased from 101 to 90 in Dec 2024 qtr

Prince Pipes & Fittings Ltd.

30 May 2023

241.06

-1.20%

PRINCE PIPES AND FITTINGS LIMITED

Accumulate: Prince Pipes & Fittings Ltd.

Target

Geojit BNP Paribas

Prince Pipes & Fittings Ltd. has lost -55.98% in the last 6 Months

Prince Pipes & Fittings Ltd.

29 May 2023

241.06

-1.20%

Prince Pipe & Fittings: Q4FY23 Result Review

Buy: Prince Pipes & Fittings Ltd.

Target

IDBI Capital

Prince Pipes & Fittings Ltd. has lost -60.39% in the last 1 Year

Prince Pipes & Fittings Ltd.

29 May 2023

241.06

-1.20%

Resilient Performance continues to fuel growth

Buy: Prince Pipes & Fittings Ltd.

Target

Bonanza

Prince Pipes reported robust numbers despite volatility in PVC prices, but still falls short to surpass yearly performance. Reporting a QoQ increase in revenue to ? 764 Cr from ? 706 Cr in Q3FY23, although registering de-growth of 15% YoY. Meanwhile, PAT jumped by a massive 168% QoQ to ? 94 Cr as compared to ? 35 Cr in the previous period, and a slight increase by 7% YoY.

Prince Pipes & Fittings Ltd. is trading below all available SMAs

Prince Pipes & Fittings Ltd.

26 May 2023

241.06

-1.20%

PRINCE PIPES & F LTD

Buy: Prince Pipes & Fittings Ltd.

Prabhudas Lilladhar

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

Prince Pipes & Fittings Ltd.

26 May 2023

241.06

-1.20%

Demand, margin tailwinds to drive growth in FY24

Buy: Prince Pipes & Fittings Ltd.

Target

ICICI Securities Limited

Prince Pipes and Fittings (PRINCPIP) has reported Q4FY23 revenue decline of 15.2% YoY with pipe volumes declining 2.1% YoY (4-year CAGR of 2.8%) and realisation down 13.3% YoY as PVC prices corrected. EBITDA/kg improved 110.5% QoQ to Rs33.5/kg (+7.9% YoY) due to inventory gains and improved product mix.

Prince Pipes & Fittings Ltd. has lost -60.39% in the last 1 Year

Prince Pipes & Fittings Ltd.

31 Mar 2023

241.06

-1.20%

Medium-term volume outlook remains healthy

Buy: Prince Pipes & Fittings Ltd.

Target

ICICI Securities Limited

We recently interacted with the management of Prince Pipes and Fittings (PRINCPIP).
The management indicated that in the ongoing quarter (Q4FY23), plumbing demand
remained healthy, but agri demand has started picking up from end-Mar’23 only,
which will thus, result in a muted quarter YoY.

Number of FII/FPI investors decreased from 101 to 90 in Dec 2024 qtr

Prince Pipes & Fittings Ltd.

15 Feb 2023

241.06

-1.20%

Double digit volume growth to catalyse margins improvement ahead

Buy: Prince Pipes & Fittings Ltd.

Target

Bonanza

Prince reported strong volumes and fragile margins, while the EBITDAM and PATM saw decline in YoY and improvement in QoQ (-690 bps/-500 bps and 1,160 bps/880 bps YoY/QoQ respectively). In Q3 FY23, despite an inventory loss of ?25-30Cr, the company reported an improvement in the margins on QoQ basis on the back of 35% growth in volumes and ?13 per kg growth in price.