NSE: PRINCEPIPE | BSE: 542907

Mid-range Performer

Download real time

366.00 -2.35 (-0.64%)

48.51% Fall from 52W High

268.1K NSE+BSE Volume

NSE 03 Jul, 2025 3:48 PM (IST)

4,046.5

Market Cap

High in industry

1.0

Beta 1Year

Average 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.

16 Aug 2023

366.00

-0.64%

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%.

Geojit BNP Paribas increased Buy price target of Prince Pipes & Fittings Ltd. to 412.0 on 26 Jun, 2025.

Prince Pipes & Fittings Ltd.

12 Aug 2023

366.00

-0.64%

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 -47.48% in the last 1 Year

Prince Pipes & Fittings Ltd.

11 Aug 2023

366.00

-0.64%

Prince Pipe & Fittings: Q1FY24 Result Review

Buy: Prince Pipes & Fittings Ltd.

Target

IDBI Capital

Prince Pipes & Fittings Ltd. has lost -47.48% in the last 1 Year

Prince Pipes & Fittings Ltd.

19 Jun 2023

366.00

-0.64%

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.

Prince Pipes & Fittings Ltd. is trading below its 200 day SMA of 378.0

Prince Pipes & Fittings Ltd.

30 May 2023

366.00

-0.64%

PRINCE PIPES AND FITTINGS LIMITED

Accumulate: Prince Pipes & Fittings Ltd.

Target

Geojit BNP Paribas

Prince Pipes & Fittings Ltd. has lost -47.48% in the last 1 Year

Prince Pipes & Fittings Ltd.

29 May 2023

366.00

-0.64%

Prince Pipe & Fittings: Q4FY23 Result Review

Buy: Prince Pipes & Fittings Ltd.

Target

IDBI Capital

Geojit BNP Paribas increased Buy price target of Prince Pipes & Fittings Ltd. to 412.0 on 26 Jun, 2025.

Prince Pipes & Fittings Ltd.

29 May 2023

366.00

-0.64%

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 above its 150 day SMA of 331.5

Prince Pipes & Fittings Ltd.

26 May 2023

366.00

-0.64%

PRINCE PIPES & F LTD

Buy: Prince Pipes & Fittings Ltd.

Prabhudas Lilladhar

Prince Pipes & Fitti.. has an average target of 502.00 from 3 brokers.

Prince Pipes & Fittings Ltd.

26 May 2023

366.00

-0.64%

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.

Geojit BNP Paribas increased Buy price target of Prince Pipes & Fittings Ltd. to 412.0 on 26 Jun, 2025.

Prince Pipes & Fittings Ltd.

31 Mar 2023

366.00

-0.64%

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.

Prince Pipes & Fittings Ltd. is trading below its 200 day SMA of 378.0

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

122 Votes:

Buy 79.51%

Sell 15.57%

Hold 4.92%

RESEARCH REPORTS

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