Prince Pipes & Fittings Q1 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹2,836 Cr
- P/E
- 27.24
- ROE
- 4.60%
- PEG
- -1.82
- Price to sales
- 1.08
- Debt to equity
- 0.09
- 52W high / low
- ₹324 / ₹206
- Sales growth (5Y)
- 4.64%
- EBITDA margin
- 10.26%
- Net profit margin
- 2.85%
- Promoter holding
- 60.95%
- Sales (last year)
- ₹2,627 Cr
Prince Pipes and Fittings Limited is an integrated piping solution & multi polymer manufacturer. It was established in 1987 and initially manufactured PVC products. It is currently engaged in the manufacturing of polymer piping solutions in four types of polymers CPVC, UPVC, HDPE, PPR. [1]
Guidance scorecard · Q1 FY27 call
What Prince Pipes & Fittings Ltd's management guided
and where it ranks in Industrial Products
RevenueQ1 FY27 call
10–20%- The company targets a volume growth of 12% to 15% for the current fiscal year, aiming to reach around 60% capacity utilization.
- Despite a 7% degrowth in April due to channel inventory corrections, strong recovery was seen in May, June, and July.
- Market share gains are expected due to lower degrowth compared to peers and industry consolidation benefiting larger organized players.
- Growth levers include network expansion, new product launches (e.g., DECILO), and stronger brand visibility.
- Structural growth is anticipated from improved channel digitization, stronger demand pull, and product mix focusing more on value-added products like CPVC, PPR, and innovation within the piping segment.
2 more points from Prince Pipes & Fittings Ltd's call on revenue
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MarginsQ1 FY27 call
FlatSee what Prince Pipes & Fittings Ltd said on margins — free account, 30 seconds.
CapexQ1 FY27 call
Planned- Q1 FY27 capex spent: INR 40-42 crores, mainly for completion of the second tranche of Bhuj plant takeover.
- No changes in the overall capex plan; remaining capex to flow over the next 9 months.
- Completed a large capex cycle with new capacity added in Jaipur and Telangana.
- Focus on decentralizing manufacturing footprint with new plants in Sangareddy (Telangana) and Begusarai (Bihar) to gain freight benefits and operating leverage.
- Continued investments in product innovation and R&D, including development and manufacturing of new products like DECILO (polypropylene-based drainage system).
2 more points from Prince Pipes & Fittings Ltd's call on capex
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FundraisingQ1 FY27 call
See what Prince Pipes & Fittings Ltd said on fundraising — free account, 30 seconds.
Order bookQ1 FY27 call
Ask what Prince Pipes & Fittings Ltd said on the order book →
Full Q1 FY27 analysisRanges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Industrial Products
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Industrial Products companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Up 2%+ | ₹532 Cr | 21.2 | |
| 2 | 40%+ | Up 2%+ | ₹450 Cr | 13.2 | |
| 3 | 40%+ | Up 2%+ | ₹371 Cr | 26.1 | |
| 4 | 40%+ | Up 0–2% | ₹1,340 Cr | 32.9 | |
| 5 | 40%+ | Up 0–2% | ₹1,196 Cr | 14.1 | |
| 6 | 40%+ | Flat | ₹966 Cr | 25.0 |
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Pro shows every company guiding 40%+ revenue growth →Full Industrial Products rankingFinancials of Prince Pipes & Fittings Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Prince Pipes & Fittings Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 764 | 554 | 656 | 619 | 740 | 604 | 622 | 578 | 720 | 580 | 595 | 573 | 850 |
| Expenses + | 616 | 508 | 562 | 543 | 648 | 546 | 576 | 573 | 665 | 541 | 540 | 545 | 740 |
| Operating Profit | 148 | 45 | 94 | 76 | 92 | 58 | 46 | 5 | 55 | 40 | 55 | 28 | 110 |
| OPM % | 19% | 8% | 14% | 12% | 12% | 10% | 7% | 1% | 8% | 7% | 9% | 5% | 13% |
| Other Income + | 3 | 4 | 22 | 3 | 5 | 3 | 4 | 2 | 6 | 3 | 2 | -0 | 5 |
| Interest | 3 | 2 | 1 | 3 | 1 | 1 | 2 | 5 | 3 | 5 | 4 | -4 | 4 |
| Depreciation | 21 | 22 | 23 | 23 | 24 | 26 | 28 | 26 | 27 | 31 | 32 | 34 | 34 |
| Profit before tax | 128 | 26 | 93 | 53 | 72 | 34 | 20 | -25 | 30 | 6 | 20 | -2 | 76 |
| Tax % | 26% | 23% | 24% | 29% | 24% | 27% | 28% | -19% | 19% | 24% | 26% | 18% | 26% |
| Net Profit + | 94 | 20 | 71 | 38 | 55 | 25 | 15 | -20 | 24 | 5 | 15 | -2 | 56 |
| EPS in Rs | 8.51 | 1.77 | 6.39 | 3.40 | 4.94 | 2.23 | 1.33 | -1.85 | 2.19 | 0.44 | 1.32 | -0.22 | 5.08 |
Financials of Prince Pipes & Fittings Ltd
Profit & Loss
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 957 | 1,007 | 1,246 | 1,315 | 1,572 | 1,636 | 2,072 | 2,657 | 2,711 | 2,569 | 2,524 | 2,598 |
| Expenses + | 875 | 908 | 1,083 | 1,151 | 1,388 | 1,406 | 1,708 | 2,241 | 2,461 | 2,261 | 2,362 | 2,367 |
| Operating Profit | 82 | 100 | 163 | 164 | 184 | 230 | 364 | 416 | 250 | 307 | 162 | 232 |
| OPM % | 9% | 10% | 13% | 12% | 12% | 14% | 18% | 16% | 9% | 12% | 6% | 9% |
| Other Income + | 2 | 0 | 2 | 5 | 7 | 6 | 15 | 5 | 9 | 34 | 13 | 9 |
| Interest | 37 | 34 | 36 | 36 | 36 | 33 | 21 | 14 | 11 | 6 | 10 | 10 |
| Depreciation | 29 | 30 | 33 | 38 | 44 | 52 | 59 | 70 | 83 | 91 | 107 | 131 |
| Profit before tax | 18 | 37 | 96 | 95 | 111 | 151 | 299 | 337 | 165 | 244 | 59 | 100 |
| Tax % | 12% | 20% | 23% | 24% | 26% | 25% | 26% | 26% | 26% | 25% | 27% | 27% |
| Net Profit + | 16 | 30 | 74 | 73 | 82 | 113 | 222 | 249 | 121 | 182 | 43 | 73 |
| EPS in Rs | 3.27 | 6.15 | 16.48 | 8.08 | 9.12 | 10.23 | 20.16 | 22.56 | 10.98 | 16.51 | 3.90 | 6.62 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 10% | 17% | 16% | 0% | 6% | 13% | 0% |
Financials of Prince Pipes & Fittings Ltd
Balance Sheet
Capital structure and asset base
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 48 | 48 | 45 | 90 | 90 | 110 | 110 | 111 | 111 | 111 | 111 | 111 |
| Reserves | 106 | 136 | 198 | 227 | 309 | 728 | 933 | 1,155 | 1,253 | 1,434 | 1,466 | 1,534 |
| Borrowings + | 300 | 299 | 323 | 372 | 297 | 264 | 88 | 152 | 63 | 130 | 277 | 145 |
| Other Liabilities + | 142 | 170 | 195 | 291 | 338 | 308 | 451 | 522 | 502 | 449 | 466 | 634 |
| Total Liabilities | 596 | 653 | 760 | 980 | 1,034 | 1,410 | 1,583 | 1,939 | 1,929 | 2,123 | 2,319 | 2,424 |
| Fixed Assets + | 224 | 238 | 269 | 345 | 363 | 489 | 503 | 646 | 681 | 798 | 961 | 1,068 |
| CWIP | 4 | 14 | 18 | 15 | 62 | 8 | 77 | 23 | 24 | 35 | 20 | 24 |
| Investments | 0 | 2 | 1 | 1 | 1 | 1 | 1 | 12 | 92 | 38 | 27 | 148 |
| Other Assets + | 367 | 400 | 473 | 620 | 608 | 913 | 1,002 | 1,259 | 1,133 | 1,252 | 1,312 | 1,183 |
| Total Assets | 596 | 653 | 760 | 980 | 1,034 | 1,410 | 1,583 | 1,939 | 1,929 | 2,123 | 2,319 | 2,424 |
Financials of Prince Pipes & Fittings Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 123 | 86 | 94 | 162 | 219 | 102 | 292 | -20 | 360 | 33 | 119 | 526 |
| Cash from Investing Activity + | -30 | -51 | -67 | -170 | -105 | -368 | -70 | 20 | -142 | -126 | -235 | -325 |
| Cash from Financing Activity + | -93 | -35 | -24 | 6 | -105 | 257 | -214 | 22 | -128 | 48 | 120 | -153 |
| Net Cash Flow | -0 | 0 | 3 | -2 | 9 | -9 | 8 | 23 | 90 | -45 | 4 | 48 |
| Free Cash Flow | 92 | 36 | 26 | -8 | 114 | -16 | 171 | -188 | 266 | -158 | -136 | 313 |
| CFO/OP | 154% | 94% | 71% | 109% | 135% | 61% | 98% | 18% | 160% | 35% | 91% | 229% |
Financials of Prince Pipes & Fittings Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 81 | 87 | 69 | 66 | 58 | 40 | 58 | 60 | 56 | 83 | 61 | 51 |
| Inventory Days | 57 | 49 | 72 | 96 | 65 | 112 | 60 | 119 | 74 | 88 | 118 | 95 |
| Days Payable | 38 | 48 | 42 | 78 | 70 | 59 | 83 | 77 | 56 | 50 | 51 | 76 |
| Cash Conversion Cycle | 99 | 87 | 99 | 84 | 54 | 93 | 35 | 102 | 74 | 121 | 129 | 71 |
| Working Capital Days | 9 | 16 | 22 | 16 | 5 | 22 | 39 | 70 | 60 | 88 | 82 | 72 |
| ROCE % | 15% | 25% | 21% | 21% | 21% | 29% | 28% | 12% | 15% | 4% | 6% |
Guidance history
How Prince Pipes & Fittings Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q1 FY27 call → | 10–20% | Flat | Planned | — | — |
| Q4 FY26 call → | 10–20% | Flat | Planned | — | — |
| Q3 FY26 call → | 10–20% | Flat | Planned | None planned | — |
| Q2 FY26 call → | 10–20% | Up 0–2% | Planned | — | — |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
25 out of 100 — Cooling
Over the past year its share price has done worse than most of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | −18.6% | 39% |
| Last 6 months | −1.2% | 53% |
| Last 3 months | −3.0% | 62% |
The price is 69.9% below its all-time high of ₹851.4 (12 Nov 2021). Stocks more than 20% below their peak have their score halved, so 49 became 25.
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Prince Pipes & Fittings Ltd: 0.4 × 39 + 0.4 × 53 + 0.2 × 62 = 49, halved to 25 because the price is more than 20% below its all-time high.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 30 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.
Continue your research
What Prince Pipes & Fittings Ltd's management said in earlier quarters
- Q1 FY27 earnings call analysis →
- Q2 FY26 earnings call analysis →
- Q3 FY26 earnings call analysis →
- Q4 FY26 earnings call analysis →
- Q1 FY26 earnings call →
- Q4 FY25 earnings call →
- Q3 FY25 earnings call →
- Q2 FY25 earnings call →
- Q1 FY25 earnings call →
- Q4 FY24 earnings call →
- Q3 FY24 earnings call →
- Q3 FY24 earnings call →
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