Prince Pipes Fittings Ltd
NSE: PRINCEPIPE · Plastic Products - Industrial · sector
₹253.70NSE close 2026-10-26
Key numbers
Market cap₹2,805 cr
Price₹253.70
52w high / low₹332 / ₹205
P/E27.5xSector median 15.7x
P/B1.7xSector median 1.6x
Book value₹148.7
Dividend yield0.20%Sector median 0.53%
ROE6.3%Sector median 9.1%
ROCE8.1%Sector median 11.5%
OPM10.2%Sector median 10.0%
Debt / equity0.09xSector median 0.16x
EV/EBITDA10.0xSector median 10.0x
Interest cover17.5x
Current ratio1.96x
Sales growth 3y-1.4%Sector median +6.0%
Profit growth 3y-15.5%Sector median +18.9%
PEG–
Last 12 months to Jun 2026, Standalone. "Sector median" = middle value of 51 companies in Plastic Products - Industrial (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹277 cr vs borrowings ₹140 cr (FY26): cash is higher (net cash).
- Operating profit covered interest 17.5x in the last 12 months.
- No promoter shares are pledged.
- Operating cash flow was below net profit in 2 of the last 5 years (FY24, FY22).
- Net loss in 2 of the last 8 quarters.
- Revenue was higher than a year earlier in 2 of the last 4 quarters.
- Other income was 12% of net profit in the last 12 months.
- Debtor days went from 83 (FY24) to 51 (FY26).
- Dividend paid in 4 of the last 5 financial years.
- Price ₹253.70 on 2026-10-26: -23.6% from the 52-week high, +23.8% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹580.20 · low ₹223.28
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 622 | 578 | 720 | 580 | 595 | 573 | 850 | 609 |
| EBITDA | 46 | 3 | 55 | 40 | 55 | 26 | 110 | 77 |
| OPM % | 7.3% | 0.5% | 7.6% | 6.8% | 9.3% | 4.5% | 12.9% | 12.7% |
| Other income | 4 | 2 | 6 | 3 | 2 | 2 | 5 | 4 |
| Net profit | 15 | -20 | 24 | 5 | 15 | -2 | 56 | 34 |
| EPS (₹) | 1.33 | -1.85 | 2.19 | 0.44 | 1.32 | -0.21 | 5.07 | 3.05 |
| Revenue YoY | -4.4% | -0.8% | +18.1% | +5.0% | ||||
| Profit YoY | -0.5% | – | +132.1% | +600.2% |
Standalone figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 2,657 | 2,711 | 2,569 | 2,524 | 2,598 | 2,627 |
| EBITDA | 416 | 250 | 325 | 162 | 229 | 268 |
| Net profit | 249 | 121 | 182 | 43 | 73 | 102 |
| EPS (₹) | 22.62 | 10.98 | 14.88 | 3.90 | 6.62 | 9.23 |
| Revenue growth | +2.0% | -5.2% | -1.7% | +2.9% | +5.1% | |
| Profit growth | -51.3% | +50.3% | -76.4% | +69.6% | +338.6% | |
| Dividend / share (₹) | 3.50 | 2.00 | – | 1.00 | 0.50 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | -1.4% | +4.6% | +5.1% |
| Net profit | -15.5% | -19.9% | +338.6% |
| EPS | -15.5% | -20.0% | – |
| Share price | – | -29.0% (2y) | -17.4% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 1,364 | 1,544 | 1,576 | 1,645 |
| Borrowings | – | 58 | 114 | 264 | 140 |
| Cash & equivalents | – | 216 | 116 | 110 | 277 |
| Total assets | – | 1,854 | 2,123 | 2,319 | 2,424 |
| Fixed assets | – | 680 | 774 | 941 | 1,056 |
| Capital work in progress | – | 19 | 35 | 20 | 24 |
| Investments | – | 0 | 0 | 0 | 0 |
| Receivables | – | 415 | 585 | 423 | 363 |
| Inventory | – | 426 | 438 | 609 | 495 |
| Payables | – | 320 | 249 | 261 | 392 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | -20 | 360 | 33 | 119 | 526 |
| Cash from investing | 20 | -148 | -126 | -235 | -325 |
| Cash from financing | 22 | -122 | 48 | 120 | -153 |
| Capex | 169 | 101 | 194 | 257 | 215 |
| Free cash flow | -189 | 260 | -161 | -138 | 312 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 8.9% | 11.8% | 2.7% | 4.5% |
| ROCE % | – | 12.4% | 15.1% | 3.7% | 6.1% |
| Debtor days | – | 56 | 83 | 61 | 51 |
| Inventory days | – | 74 | 88 | 118 | 95 |
| Payable days | – | 56 | 50 | 51 | 76 |
| Cash conversion cycle (days) | – | 74 | 121 | 128 | 70 |
| Working capital days | – | 90 | 104 | 98 | 90 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 60.95% |
| FIIs | 3.22% |
| DIIs | 15.11% |
| of which Mutual funds | 15.02% |
| of which Insurance | 0.04% |
| Public (non-institutions) | 20.72% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 60.94% | 60.94% | 60.94% | 60.94% | 60.94% | 60.95% | 60.95% | 60.95% |
| Promoter group | % |
|---|---|
| Parag Jayant Chheda | 11.27% |
| Tarla J Chheda | 11.02% |
| Vipul Jayant Chheda | 7.51% |
| Parag Jayant Chheda (Trustee of Sunflower Family Trust) | 7.51% |
| Jayant Shamji Chheda | 6.02% |
| Tarla Jayant Chheda (Trustee of Lotus Family Trust) | 4.70% |
| Vipul Jayant Chheda (Trustee of Peace Family Trust) | 4.69% |
| Vipul Jayant Chheda (Trustee of Unity Family Trust) | 3.76% |
| Vipul Jayant Chheda (Trustee of Harmony Family Trust) | 2.82% |
| Jayant Shamji Chheda (Trustee of VS Family Trust) | 1.09% |
| Vaishali Hitesh Shah | 0.46% |
| Jayantilal Kalyanji Gada | 0.05% |
| Gunvanti Jayantilal Gada | 0.04% |
| Heena Parag Chheda | 0.01% |
| Ashwini Vipul Chheda | 0.01% |
| Public holders above 1% | % |
|---|---|
| Mirae Asset Large & Midcap Fund | 9.83% |
| Dsp Small Cap Fund | 5.19% |
1,80,326 shareholders. Pledged: 0.00% of promoter shares.
Peers in Plastic Products - Industrial
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| SUPREMEIND | ₹41,291 cr | 40.0x | 6.7x | 17.4% | 19.6% | 14.4% | +6.8% | 1.07% |
| ASTRAL | ₹36,288 cr | 63.0x | 8.9x | 15.0% | 20.0% | 16.0% | +8.4% | 0.28% |
| GRWRHITECH | ₹16,208 cr | 38.0x | 5.6x | 15.7% | 19.8% | 22.9% | +13.8% | 0.17% |
| KINGFA | ₹8,901 cr | 39.4x | 6.4x | 21.2% | 21.9% | 14.2% | +12.4% | 0.00% |
| FINPIPE | ₹8,775 cr | 14.2x | 1.4x | 10.0% | 12.1% | 17.5% | -2.2% | 2.53% |
| TIMETECHNO | ₹7,839 cr | 15.4x | 1.9x | 14.0% | 15.7% | 14.3% | +12.5% | 0.75% |
| PRINCEPIPE | ₹2,805 cr | 27.5x | 1.7x | 6.3% | 8.1% | 10.2% | -1.4% | 0.20% |
| JISLJALEQS | ₹1,701 cr | 56.5x | 0.3x | -0.9% | 4.5% | 11.2% | +3.6% | – |
| JAICORPLTD | ₹1,545 cr | 16.5x | 1.0x | 6.4% | 8.2% | 12.7% | -4.7% | 6.25% |
| APOLLOPIPE | ₹1,520 cr | – | 1.9x | -1.5% | -0.1% | 4.3% | +6.5% | 0.21% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-09-09 | Dividend | Dividend - Re 1 Per Share |
| 2025-09-04 | Dividend | Dividend - Re 0.50 Per Share |
| 2024-09-04 | Dividend | Annual General Meeting/Dividend - Re 1 Per Share |
| 2023-09-14 | Other | Annual General Meeting |
| 2022-09-13 | Dividend | Annual General Meeting/Dividend - Rs 2 Per Share |
| 2021-11-12 | Dividend | Interim Dividend - Rs 1.50 Per Share |
| 2021-09-07 | Dividend | Annual General Meeting/Dividend - Rs 2 Per Share |
| 2020-11-13 | Dividend | Interim Dividend - Rs 1.50 Per Share |
| 2020-09-15 | Other | Annual General Meeting |
| 2020-03-23 | Dividend | Interim Dividend- Re 1 Per Share |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Manufacturing: Manufacturing of Plastic products
| Sector | Industrials |
| Industry | Plastic Products - Industrial |
| Sub-industry | Plastic Products - Industrial |
| Symbol | PRINCEPIPE |
| BSE code | 542907 |
| ISIN | INE689W01016 |
| Face value | ₹10.0 |
| Incorporated | 1987-11-13 |
| Website | www.princepipes.com |
| Plants (India / abroad) | 8 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.