|
13 Jul 2025 |
Prince Pipes
|
Consensus Share Price Target
|
367.20 |
402.23 |
- |
9.54 |
buy
|
|
|
|
|
26 Jun 2025
|
Prince Pipes
|
Geojit BNP Paribas
|
367.20
|
412.00
|
355.30
(3.35%)
|
12.20 |
Buy
|
|
|
PPFL is maintaining elevated inventory levels to strategically capture market opportunities, complemented by increased distributor incentives now set at 3%. However, a spillover in inventory loss is expected in Q1FY26 as well. PPFL navigated a challenging FY25, marked by heightened PVC price volatility, channel destocking, and subdued demand due to reduced government spending....
|
|
23 May 2025
|
Prince Pipes
|
IDBI Capital
|
367.20
|
344.00
|
321.10
(14.36%)
|
Target met |
Hold
|
|
|
|
|
05 Mar 2025
|
Prince Pipes
|
Geojit BNP Paribas
|
367.20
|
338.00
|
271.65
(35.17%)
|
Target met |
Buy
|
|
|
|
|
13 Feb 2025
|
Prince Pipes
|
IDBI Capital
|
367.20
|
336.00
|
287.00
(27.94%)
|
Target met |
Hold
|
|
|
|
|
11 Nov 2024
|
Prince Pipes
|
IDBI Capital
|
367.20
|
529.00
|
450.95
(-18.57%)
|
44.06 |
Hold
|
|
|
|
|
04 Aug 2024
|
Prince Pipes
|
IDBI Capital
|
367.20
|
701.00
|
634.60
(-42.14%)
|
90.90 |
Hold
|
|
|
|
|
03 Aug 2024
|
Prince Pipes
|
BOB Capital Markets Ltd.
|
367.20
|
750.00
|
634.60
(-42.14%)
|
104.25 |
Buy
|
|
|
PRINCPIP's Q1 result came broadly in line with our estimate; gained market share even after tightening credit period in Q1
|
|
22 May 2024
|
Prince Pipes
|
Geojit BNP Paribas
|
367.20
|
741.00
|
638.10
(-42.45%)
|
|
Accumulate
|
|
|
|
|
21 May 2024
|
Prince Pipes
|
BOB Capital Markets Ltd.
|
367.20
|
750.00
|
641.35
(-42.75%)
|
|
Hold
|
|
|
MM: Growth trajectory captured in the valuations. EIM: Powering growth momentum with new launches. VGRD: Early summer sparks a robust quarter. AMBER: Ongoing challenges; maintain SELL. PRINCPIP: Mixed Q4FY24; positive demand outlook
|
|
17 May 2024
|
Prince Pipes
|
IDBI Capital
|
367.20
|
757.00
|
668.60
(-45.08%)
|
|
Hold
|
|
|
|
|
27 Mar 2024
|
Prince Pipes
|
BOB Capital Markets Ltd.
|
367.20
|
650.00
|
556.70
(-34.04%)
|
Target met |
Hold
|
|
|
PRINCPIP: Faucetware acquisition to accelerate bathware growth engine
|
|
26 Mar 2024
|
Prince Pipes
|
BOB Capital Markets Ltd.
|
367.20
|
650.00
|
565.85
(-35.11%)
|
Target met |
Hold
|
|
|
PRINCPIP acquired the faucetware brand Aquel and the manufacturing facility from Klaus Waren Fixtures for Rs 600mn
|
|
22 Mar 2024
|
Prince Pipes
|
Geojit BNP Paribas
|
367.20
|
659.00
|
562.80
(-34.75%)
|
Target met |
Buy
|
|
|
|
|
07 Feb 2024
|
Prince Pipes
|
BOB Capital Markets Ltd.
|
367.20
|
650.00
|
646.45
(-43.20%)
|
Target met |
Hold
|
|
|
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
|
|
06 Feb 2024
|
Prince Pipes
|
BOB Capital Markets Ltd.
|
367.20
|
650.00
|
673.55
(-45.48%)
|
Target met |
Hold
|
|
|
Q3 PAT came in 36% below our estimate on continued market share bleed and margin pressure
|
|
06 Feb 2024
|
Prince Pipes
|
IDBI Capital
|
367.20
|
789.00
|
673.55
(-45.48%)
|
|
Hold
|
|
|
|
|
18 Jan 2024
|
Prince Pipes
|
IDBI Capital
|
367.20
|
913.00
|
698.85
(-47.46%)
|
|
Buy
|
|
|
|
|
18 Dec 2023
|
Prince Pipes
|
IDBI Capital
|
367.20
|
913.00
|
750.75
(-51.09%)
|
|
Buy
|
|
|
|
|
08 Nov 2023
|
Prince Pipes
|
ICICI Securities Limited
|
367.20
|
772.00
|
720.60
(-49.04%)
|
Target met |
Accumulate
|
|
|
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.
|
|
15 Sep 2023
|
Prince Pipes
|
ICICI Securities Limited
|
367.20
|
772.00
|
720.90
(-49.06%)
|
Target met |
Accumulate
|
|
|
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.
|