Small Packaging

Prince Pipes and Fittings Ltd.

PRINCEPIPE

₹348.15

-1.12% (-3.95)

Market Cap

₹3,848 Cr.

P/E

89.20

Prince Pipes and Fittings Ltd.
Overview
Financials
Benchmarking
Shareholding

Prince Pipes and Fittings Ltd.

Prince Pipes and Fittings Ltd.
Overview
Financials
Benchmarking
Shareholding

Price
Growth Table
Balance Sheet
Profit & Loss
Cash Flow
Cash Flow Analysis
Ratios
Quarterly Results
Reverse DCF

FAQs on Prince Pipes and Fittings Ltd. Shareprice

Has the share price of Prince Pipes & Fitti grown faster than its competition?

Prince Pipes & Fitti has given lower returns compared to its competitors.
Prince Pipes & Fitti has grown at ~26.39% over the last 5yrs while peers have grown at a median rate of 36.98%

Is Prince Pipes & Fitti stock expensive?

Yes, Prince Pipes & Fitti is expensive.
Latest PE of Prince Pipes & Fitti is 89.2, while 3 year average PE is 39.44.
Also latest EV/EBITDA of Prince Pipes & Fitti is 24.9 while 3yr average is 20.92.

View FAQ's On Business

Growth Table

Prince Pipes and Fittings Ltd.
Apollo Pipes
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Prakash Pipes
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In %	1yr	2yr	3yr	4yr	5yr	6yr	7yr	8yr	9yr	10yr
Share Price CAGR	-49.51	-25.69	-17.01	-16.15	26.39	—	—	—	—	—
TTM EPS CAGR	-76.96	-40.70	-44.31	-33.67	-16.31	—	—	—	—	—
Sales CAGR	-1.75	-3.51	-1.70	5.06	9.06	19.66	—	—	—	—
PAT Margin (Abs Growth)	2.53	-2.23	-3.35	0.28	1.70	1.31	1.24	3.95	5.16	3.77
PE CAGR	119	25.31	49.03	26.42	51.03	—	—	—	—	—
CFO CAGR	-90.87	—	-51.70	-24.70	-31.53	-23.35	-14.29	-11.56	-13.62	3.85

* Share price and PE growth are updated everyday. All other fields are as of latest financial year end. EPS adjusted for bonus and splits.

Balance Sheet

Prince Pipes and Fittings Ltd.
Apollo Pipes
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Prakash Pipes
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In Rs. Cr.	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Assets	649	761	980	1,126	1,513	1,583	1,939	1,929	2,123	2,319
Non Current Assets	246	282	424	485	552	607	700	717	858	1,034
Net Block	235	269	345	363	489	503	646	681	798	948
Capital Work in Progress	14.13	18.03	14.68	61.51	7.53	76.55	22.56	23.56	35.35	19.72
Intangible Assets Under Development	—	—	—	—	—	—	0.26	4.53	0.09	0.05
Long Term Investments	0.32	0.72	0.74	0.78	0.63	1.46	1.69	0.29	0.29	0.29
Current Assets	392	467	536	626	948	962	1,227	1,198	1,247	1,286
Inventory	101	174	242	201	345	227	619	426	438	609
Accounts Receivable	239	237	239	250	180	331	435	415	585	423
Short Term Investments	0.99	—	—	—	—	—	10.04	91.70	37.90	26.67
Cash & Bank Balances	8.57	12.37	9.63	22.32	257	230	58.64	122	77.71	83.01
Liabilities	649	761	980	1,126	1,513	1,583	1,939	1,929	2,123	2,319
Shareholders Funds	191	243	317	399	838	1,043	1,265	1,364	1,544	1,576
Share Capital	48.01	45.01	90.02	90.02	110	110	111	111	111	111
Reserves	143	198	226	307	725	931	1,155	1,253	1,434	1,466
Non Current Liabilities	119	137	189	145	81.45	26.27	24.98	30.50	65.62	136
Secured Loans	89.46	106	146	106	39.46	—	—	—	18.90	—
Unsecured Loans	—	—	—	—	—	—	—	—	—	88.41
Current Liabilities	338	380	475	582	594	513	649	534	513	607
Accounts Payable	99.14	102	197	215	181	314	399	320	249	261
Short Term Loans	186	189	170	146	204	85.22	150	58.13	95.55	176

Balance Sheet Snapshot

No data available.

Fund Flow Analysis

Increase
Decrease
Total

No data available.

*Data is as of latest FY end

Profit & Loss

Prince Pipes and Fittings Ltd.
Apollo Pipes
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Prakash Pipes
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In Rs. Cr.	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Sales	1,009	1,246	1,315	1,572	1,636	2,072	2,657	2,711	2,569	2,524
Operating Expenses	906	1,084	1,152	1,388	1,407	1,710	2,241	2,461	2,261	2,362
Raw Material	705	836	894	1,073	1,164	1,298	1,913	1,979	1,754	1,875
Chemicals	91.89	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—
Others	30.55	836	894	1,073	1,164	1,298	1,913	1,979	1,754	—
PVC Resins	582	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—
Material Cost (%)	73.81	71.32	70.07	71.72	68.69	66.49	71.19	77.16	70.82	70.68
Employee Cost	51.13	57.67	68.43	77.56	86.24	86.23	101	110	135	174
Power & Fuel Cost	30.10	33.94	34.30	38.72	45.13	42.14	45.30	55.85	60.54	—
Operating Profit	103	163	163	184	229	362	416	250	307	162
Other Income	1.13	2.48	6.03	7.13	6.94	17.60	5.47	8.55	16.09	13.74
OPM (%)	10.25	13.05	12.42	11.71	13.99	17.46	15.64	9.23	11.97	6.41
Depreciation and Amortisation	28.53	32.83	38.09	43.57	51.98	59.42	70.31	83.01	91.17	107
Interest	35.33	36.37	36.11	36.30	33.17	20.67	13.90	11.01	6.50	9.67
Profit Before Tax	40.69	95.91	95.17	111	151	299	337	165	244	58.85
Tax	9.58	21.73	22.40	29.18	38.07	77.32	87.47	43.42	61.27	15.71
Net Profit	31.11	74.18	72.77	82.13	113	222	249	121	182	43.13
Number of shares(Crs)	—	9.00	—	—	11.00	11.00	11.06	11.06	11.06	—
Dividend Payout Ratio(%)	0.00	0.00	0.00	0.00	9.78	17.36	15.52	0.00	6.06	—

TTM Values as of Mar 2025

Cash Flow

Prince Pipes and Fittings Ltd.
Apollo Pipes
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Prakash Pipes
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In Rs. Cr.	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Cash from Operating Activity	87.93	96.82	162	219	102	292	-19.50	360	32.90	119
Profit Before Tax	40.69	95.91	95.17	111	151	299	337	165	226	58.85
Adjustments	63.37	69.92	79.63	76.75	97.02	70.17	92.58	88.00	95.41	120
OCF Before Working Capital	104	166	175	188	248	369	429	253	321	179
Working Capital Changes	-8.63	-47.15	3.73	61.09	-108	-12.74	-353	147	-215	-32.24
Taxes Paid	-7.50	-21.86	-16.28	-30.50	-37.18	-64.59	-96.01	-40.14	-73.26	-28.05
Cash from Investing Activity	-50.82	-67.89	-170	-105	-368	-69.72	20.48	-142	-126	-235
Net Fixed Assets Purchased	-49.67	-68.30	-104	-83.36	-119	-121	-169	-93.84	-191	-254
Fixed Assets Purchased	-50.95	-68.47	-112	-91.80	-121	-122	-169	-94.69	-194	-256
Fixed Assets Sold	1.28	0.17	8.24	8.44	1.91	0.77	0.53	0.85	2.72	1.43
Investment Purchased	-1.16	-0.16	—	—	-0.10	-0.10	-30.00	-244	-131	—
Investment Sold	—	1.51	0.07	—	—	35.50	215	191	189	—
Interest Recieved	—	—	—	—	—	15.86	4.56	4.76	6.46	6.08
Dividends Recieved	0.01	0.00	0.01	0.01	0.01	0.00	0.01	0.01	—	—
Subsidiary Investments	—	—	—	—	—	—	—	—	—	—
Cash from Financing Activity	-34.57	-26.25	5.54	-105	257	-214	22.19	-128	47.53	120
Proceeds From Shares	—	—	—	—	339	-0.57	10.71	—	—	—
Net Long Term Borrowings	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	18.90	98.99
Proceeds From Borrowings	—	—	—	—	—	—	—	—	18.90	98.99
Repayment From Borrowings	—	—	—	—	—	—	—	—	—	—
Interest Paid	-30.51	-35.24	-35.17	-36.03	-33.03	-20.67	-13.90	-10.69	-6.24	-10.64
Dividend Paid	—	—	—	—	-11.00	-16.50	-38.51	-22.11	—	-11.05
Net Cash Flow	2.53	2.67	-2.49	8.66	-8.83	8.38	23.17	89.85	-45.33	4.09
Opening Cash & Cash Equivalents	6.04	0.04	2.72	0.23	8.89	0.06	8.44	31.61	121	76.14
Effect of FX	—	—	—	—	—	—	—	—	—	—
Closing Cash & Cash Equivalents	8.57	2.72	0.23	8.89	0.06	8.44	31.61	121	76.14	80.22
Net Capex (est)	49.67	68.30	104	83.36	119	121	169	93.84	191	254
Free Cash Flow (est)	38.26	28.52	58.58	135	-16.47	171	-188	266	-158	-135

Cash Flow Analysis

Increase
Decrease
Total

No data available.

Ratios

= Dominant Factor

Prince Pipes and Fittings Ltd.
Apollo Pipes
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Prakash Pipes
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	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Operational Ratios
Quick Ratio	0.74	0.86	0.77	0.62	0.73	1.02	1.43	0.94	1.44	1.58
Liquid Assets (Crs)	247	291	292	295	425	604	735	608	772	809
Current Liabilities (Crs)	333	338	380	475	582	594	513	649	534	513
Current Ratio	1.08	1.16	1.23	1.13	1.07	1.60	1.88	1.89	2.24	2.43
Current Assets (Crs)	359	392	467	536	626	948	962	1,227	1,198	1,247
Current Liabilities (Crs)	333	338	380	475	582	594	513	649	534	513
Interest Coverage Ratio	1.60	2.15	3.64	3.64	4.07	5.54	15.47	25.23	15.97	38.50
EBIT (Crs)	59.78	76.02	132	131	148	184	320	351	176	232
Interest Expenses (Crs)	37.40	35.33	36.37	36.11	36.30	33.17	20.67	13.90	11.01	6.50
Fixed Asset Turnover	2.65	2.53	4.14	3.18	3.34	2.53	2.91	2.89	2.64	2.10
Net Sales (Crs)	957	1,009	1,246	1,315	1,572	1,636	2,072	2,657	2,711	2,569
Fixed Assets (Crs)	362	399	301	413	471	646	711	921	1,027	1,221
Cash Conversion Cycle	85.44	68.80	61.67	64.01	39.31	39.14	24.96	37.97	59.47	69.99
Inventory Days	42.67	35.87	37.70	57.46	50.34	57.85	47.85	56.05	67.38	58.90
Days Receivable	73.38	75.93	65.28	65.80	55.70	45.60	42.72	50.71	54.81	68.20
Days Payable	30.61	43.00	41.31	59.24	66.72	64.31	65.61	68.79	62.71	57.11
Debt to Equity Ratio	1.87	1.55	1.33	1.15	0.74	0.31	0.08	0.12	0.04	0.07
Total Debt (Crs)	300	297	322	365	297	260	85.22	150	58.13	114
Shareholders Equity (Crs)	160	191	243	317	399	838	1,043	1,265	1,364	1,544
Free Cash Flow/Sales (%)	9.62	3.79	2.29	4.45	8.61	-1.01	8.25	-7.08	9.82	-6.15
Free Cash Flow(est) (Crs)	92.08	38.26	28.52	58.58	135	-16.47	171	-188	266	-158
Net Sales (Crs)	957	1,009	1,246	1,315	1,572	1,636	2,072	2,657	2,711	2,569
Profitability Ratios
Gross Margin (%)	24.21	26.19	28.68	29.93	28.28	31.31	33.51	28.81	22.84	29.18
Op Profit Margin (%)	9.01	10.25	13.05	12.42	11.71	13.99	17.46	15.64	9.23	11.97
Operating Profit (Crs)	88.32	105	165	169	191	236	379	421	259	324
Net Sales (Crs)	957	1,009	1,246	1,315	1,572	1,636	2,072	2,657	2,711	2,569
Net Profit Margin (%)	1.79	3.08	5.95	5.53	5.23	6.88	10.71	9.39	4.48	7.10
Net Profit (Crs)	17.16	31.11	74.18	72.77	82.13	113	222	249	121	182
Net Sales (Crs)	957	1,009	1,246	1,315	1,572	1,636	2,072	2,657	2,711	2,569
ROCE (%)	22.94	24.46	34.81	25.99	27.16	19.99	29.90	27.19	12.61	14.43
EBIT (Crs)	59.78	76.02	132	131	148	184	320	351	176	232
Capital Employed (Crs)	261	311	380	505	543	919	1,070	1,290	1,394	1,610
Return on Assets (%)	2.89	4.79	9.75	7.43	7.30	7.43	14.01	12.86	6.30	8.60
Net Profit (Crs)	17.16	31.11	74.18	72.77	82.13	113	222	249	121	182
Total Assets (Crs)	593	649	761	980	1,126	1,513	1,583	1,939	1,929	2,123
ROIC (%)	17.78	19.47	27.83	23.15	22.77	21.96	27.85	21.52	9.89	10.88
Op Profit after Taxes (Crs)	44.25	57.27	100	95.77	104	132	224	256	123	162
Invested Capital (Crs)	249	294	361	414	455	602	805	1,188	1,245	1,489
ROE (%)	10.70	16.25	30.58	22.99	20.59	13.43	21.26	19.71	8.90	11.82
Net Profit Margin (%)	1.79	3.08	5.95	5.53	5.23	6.88	10.71	9.39	4.48	7.10
Asset Turnover ratio	1.61	1.55	1.64	1.34	1.40	1.08	1.31	1.37	1.41	1.21
Equity Multiplier	3.70	3.39	3.14	3.10	2.82	1.81	1.52	1.53	1.41	1.37
Adjusted EPS	1.79	3.24	8.24	8.08	9.12	10.23	20.16	22.56	10.98	16.51
Valuation Ratios
P/E	0.00	0.00	0.00	0.00	0.00	10.00	20.72	28.12	49.35	33.29
Price to Book	0.00	0.00	0.00	0.00	0.00	1.35	4.42	5.54	4.39	3.93
EV/EBITDA	3.87	3.22	2.15	2.63	1.91	4.78	11.74	16.87	22.90	18.89
Dividend Yield (%)	—	—	—	—	—	0.98	0.84	0.55	0.00	0.18

Quarterly Results

Prince Pipes and Fittings Ltd.
Apollo Pipes
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Prakash Pipes
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In Rs. Cr.	Dec'22	Mar'23	Jun'23	Sep'23	Dec'23	Mar'24	Jun'24	Sep'24	Dec'24	Mar'25
Net Sales	706	764	554	656	619	740	604	622	578	720
Operating Expenses	636	616	508	562	543	648	546	576	575	665
Increase/Decrease in Stock	24.81	6.26	-42.57	10.51	-15.75	39.47	-51.16	-34.23	-46.09	40.26
Raw Material	507	478	450	422	423	460	475	460	464	477
Employee Cost	31.10	30.89	32.04	40.47	37.26	37.92	38.15	44.61	45.03	46.40
Selling and Distribution Expenses	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Electricity, Power & Fuel Cost	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Gen_AdminExpenses	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Miscellaneous Expenses	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Profit	69.47	148	45.31	94.18	75.66	92.26	58.29	45.69	2.97	54.84
Other Income	1.22	3.42	3.80	3.95	3.01	5.33	2.57	3.94	1.52	5.72
Interest	1.62	2.83	1.74	0.69	2.71	1.35	1.45	1.64	3.25	3.34
PBDT	69.07	149	47.37	115	75.96	96.24	59.41	47.99	1.24	57.22
Depreciation and Amortization	21.05	21.14	21.81	22.53	22.91	23.91	25.75	27.56	26.43	27.28
Profit Before Tax	48.02	128	25.56	92.84	53.05	72.33	33.66	20.43	-25.18	29.94
Tax	12.63	33.68	5.94	22.20	15.42	17.68	8.99	5.72	-4.76	5.76
Profit After Tax	35.39	94.12	19.62	70.63	37.63	54.65	24.67	14.71	-20.42	24.18
Exceptional Items	0.00	0.00	0.00	17.93	0.00	0.00	0.00	0.00	0.00	0.00
Net Profit	35.39	94.12	19.62	70.63	37.63	54.65	24.67	14.71	-20.42	24.18
Quarterly Ratios
EPS	3.20	8.51	1.77	6.39	3.40	4.94	2.23	1.33	-1.85	2.19
Operating Profit Margin	9.84	19.41	8.19	14.35	12.23	12.47	9.64	7.35	0.51	7.62
Net Profit Margin	5.01	12.31	3.54	10.76	6.08	7.38	4.08	2.36	-3.54	3.36

Reverse DCF

Earnings

Discount Rate (%)

Terminal Multiple

5 YEAR

10 YEAR

20 YEAR

76.90%

Implied Growth Rate over a 5 year period*

29.00%

Implied Growth Rate over a 10 year period*

13.50%

Implied Growth Rate over a 20 year period*

*Implied Growth calculated using Newton-Raphson method.

Learn how to use Reverse DCF

FAQs on Prince Pipes and Fittings Ltd. Financials

How strong is Prince Pipes & Fitti balance sheet?

Balance sheet of Prince Pipes & Fitti is strong.
It shouldn't have solvency or liquidity issues.

Is the debt of Prince Pipes & Fitti increasing or decreasing?

Yes, The net debt of Prince Pipes & Fitti is increasing.
Latest net debt of Prince Pipes & Fitti is ₹181 Crs as of Mar-25.
This is greater than Mar-24 when it was -₹40.93 Crs.

Is the profitablity of Prince Pipes & Fitti improving?

The profit is oscillating.
The profit of Prince Pipes & Fitti is ₹43.13 Crs for TTM, ₹182 Crs for Mar 2024 and ₹121 Crs for Mar 2023.

Does Prince Pipes & Fitti pay decent dividends?

The company seems to be paying a very low dividend.
Investors need to see where the company is allocating its profits.
Prince Pipes & Fitti latest dividend payout ratio is 6.06% and 3yr average dividend payout ratio is 10.79%

How has Prince Pipes & Fitti allocated its funds?

Companies resources are allocated to majorly productive assets like Plant & Machinery and unproductive assets like Accounts Receivable

View FAQ's On Shareholding

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Prince Pipes and Fittings Ltd.

Prince Pipes and Fittings Ltd.

Has the share price of Prince Pipes & Fitti grown faster than its competition?

Is Prince Pipes & Fitti stock expensive?

How strong is Prince Pipes & Fitti balance sheet?

Is the debt of Prince Pipes & Fitti increasing or decreasing?

Is the profitablity of Prince Pipes & Fitti improving?

Does Prince Pipes & Fitti pay decent dividends?

How has Prince Pipes & Fitti allocated its funds?

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