PRINCEPIPE

Prince Pipes And Fittings share price & financials

Price
₹269.15
Market cap
₹3.0k Cr
Sector
Capital Goods
Calls analysed
8
Latest concall · Q1 FY27 · call held 04 Aug 2026

Prince Pipes And Fittings Limited Q1 FY27

Revenue from Operations ₹609 cr +5%EBITDA ₹77 cr +93%EBITDA Margin 13% PAT ₹34 cr +580%

What went well

  • Strong EBITDA growth of 93% YoY to ₹77 crores, with margin expansion of 600 bps to 13%.
  • PAT surged 580% YoY to ₹34 crores, reaching a 6% margin.
  • Product mix improvement, with higher contribution from CPVC, PPR, and PP products.

What to watch

  • Volume degrowth of 7% YoY to 40,729 metric tons in Q1 FY27.
  • Raw material price volatility (PVC resin) led to temporary destocking across channels.
Read the full call →

What Prince Pipes And Fittings Limited does

Prince Pipes and Fittings Limited manufactures and markets PVC, CPVC and polypropylene pipes and fittings, water storage tanks, and bathware products (faucets, sanitaryware, showers, cisterns) used in plumbing, irrigation, agriculture, sewerage and underground-drainage applications. It sells under brands including Prince, Trubore, Storefit and Aquel by Prince through a pan-India network of manufacturing plants, warehouses and channel partners reaching retail, institutional and project customers. The company earns by converting PVC/CPVC/polypropylene resin into finished piping, storage and bathware products across an eight-decade-old, four-decade-operating manufacturing base.

Segments

  • Piping Business
  • Modern Plumbing Solutions
  • Water Storage
  • Bathware
Manufacturing facilities
9
Total installed capacity
4,35,222 MTPA
Channel partners (distribution network)
1,500+
Warehouses
7
Employees
2,184
Manufacturing plant locations
Athal, Dadra, Haridwar, Chennai, Kolhapur, Jaipur, Sangareddy, Begusarai, Bhuj
Founded 1987Headquarters Mumbai, Maharashtra, India Company website

Guidance record · Q1 FY27

what the last two calls moved 26 tracked 7 delivered 4 missed 15 open
  • Begusarai Commissioning delivered said Q2 FY25 Promised: production by Q4 FY '25 Q1 FY27: Historical achievement remains.
  • FY25 Volume Growth missed said Q2 FY25 Promised: 8% to 10% volume growth for FY '25 Q1 FY27: Historical miss remains.
  • Aquel Breakeven delayed said Q2 FY25 Promised: by quarter 3 of next fiscal (FY26) Q1 FY27: Management reiterates Q3 FY27 as the target for achieving a ₹25 crore quarterly run rate, which will be 'very close to breakeven'. The timeline remains delayed from the original Q3 FY26 target. Q1 revenue was ₹13cr with a ₹5cr EBITDA loss.

All 26 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue up 5.0%, net profit up 580.0% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue622 578 720 580 595 −4%573 −1%850 +18%609 +5%
EBITDA46 5 55 40 55 +20%28 +460%110 +100%77 +93%
Net profit15 -20 24 5 15 +0%-2 +90%56 +133%34 +580%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance −16.9% 1Y

₹200₹250₹300₹350Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Q2 FY26 — 10 Nov 2025Q3 FY26 — 11 Feb 2026Q4 FY26 — 20 May 2026Q1 FY27 — 4 Aug 2026

1Y: ₹321 on 10 Sept 2025 → ₹266.65. High ₹344.95 (23 Sept 2025), low ₹206.05 (30 Mar 2026).

How the price took the results

close before → close after

Q1 FY27
+4.8%
4 Aug
Q4 FY26
−1.5%
20 May
Q3 FY26
+4.8%
11 Feb
Q2 FY26
−0.7%
10 Nov

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Financials, as filed

Revenue fell 1.4% a year over 3 years, FY23 to FY26. Operating margin held at 9.0%.

Year endingFY23FY24FY25FY26
Revenue₹2.7k Cr₹2.6k Cr₹2.5k Cr₹2.6k Cr
Operating profit₹250 Cr₹307 Cr₹164 Cr₹233 Cr
Operating margin9.2%12.0%6.5%9.0%
Interest₹11 Cr₹7 Cr₹11 Cr₹9 Cr
Depreciation₹83 Cr₹92 Cr₹107 Cr₹131 Cr
Net profit₹121 Cr₹184 Cr₹44 Cr₹74 Cr
Net margin4.5%7.2%1.7%2.8%
Cash from operations₹360 Cr₹33 Cr₹119 Cr₹526 Cr
Free cash flow₹266 Cr₹-158 Cr₹-136 Cr₹313 Cr
ROCE12.0%15.0%4.0%6.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹110 Cr₹111 Cr₹111 Cr₹111 Cr₹111 Cr₹111 Cr
Reserves₹933 Cr₹1.2k Cr₹1.3k Cr₹1.4k Cr₹1.5k Cr₹1.5k Cr
Borrowings₹88 Cr₹152 Cr₹63 Cr₹130 Cr₹237 Cr₹145 Cr
Other liabilities₹451 Cr₹522 Cr₹502 Cr₹449 Cr₹397 Cr₹634 Cr
Total liabilities₹1.6k Cr₹1.9k Cr₹1.9k Cr₹2.1k Cr₹2.2k Cr₹2.4k Cr
Fixed assets₹503 Cr₹646 Cr₹681 Cr₹798 Cr₹1.0k Cr₹1.1k Cr
Capital work in progress₹77 Cr₹23 Cr₹24 Cr₹35 Cr₹27 Cr₹26 Cr
Investments₹1 Cr₹12 Cr₹92 Cr₹38 Cr₹94 Cr₹148 Cr
Other assets₹1.0k Cr₹1.3k Cr₹1.1k Cr₹1.3k Cr₹1.1k Cr₹1.2k Cr
Total assets₹1.6k Cr₹1.9k Cr₹1.9k Cr₹2.1k Cr₹2.2k Cr₹2.4k Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, the public added +1.09 pp while FIIs trimmed −0.69 pp. The shareholder count shrank 8% to 1,85,165.

Promoters
61.0%
FIIs
3.1%
DIIs
15.3%
Public
20.7%

Since Jun 2025

  • Public +1.09 pp
  • FIIs −0.69 pp
  • DIIs −0.40 pp

How it drifted, 12 quarters

Over this window the public went from 15.5% to 20.7% — +5.2 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 60.9%, FIIs 5.0%, DIIs 18.6%, Public 15.5%.Dec '23: Promoters 60.9%, FIIs 5.7%, DIIs 18.4%, Public 14.9%.Mar '24: Promoters 60.9%, FIIs 5.2%, DIIs 18.5%, Public 15.4%.Jun '24: Promoters 60.9%, FIIs 6.4%, DIIs 18.4%, Public 14.2%.Sep '24: Promoters 60.9%, FIIs 7.3%, DIIs 17.5%, Public 14.3%.Dec '24: Promoters 60.9%, FIIs 6.1%, DIIs 16.4%, Public 16.6%.Mar '25: Promoters 60.9%, FIIs 6.2%, DIIs 15.0%, Public 17.9%.Jun '25: Promoters 60.9%, FIIs 3.8%, DIIs 15.7%, Public 19.6%.Sep '25: Promoters 60.9%, FIIs 3.7%, DIIs 15.9%, Public 19.4%.Dec '25: Promoters 60.9%, FIIs 3.5%, DIIs 15.6%, Public 19.9%.Mar '26: Promoters 61.0%, FIIs 3.5%, DIIs 15.5%, Public 20.0%.Jun '26: Promoters 61.0%, FIIs 3.1%, DIIs 15.3%, Public 20.7%.

Who was buying across the market this quarter →

Who bought this quarter

since Mar 2026

Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.

The same filing shows 1 holder trimming and 2 off the list — both are in the register beside this.

Who is on the register

Named in the Jun 2026 filing

Every holder of Prince Pipes And Fittings Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Parag Jayant Chheda 11.27%unchanged
Tarla J Chheda 11.02%unchanged
Mirae Asset Large & Midcap Fund Mutual fund9.83%unchanged
Vipul Jayant Chheda 7.51%unchanged
Parag Jayant Chheda (Trustee of Sunflower Family Trust) 7.51%unchanged
Jayant Shamji Chheda 6.02%unchanged
DSP Small Cap Fund Mutual fund5.19%unchanged
Tarla Jayant Chheda (Trustee of Lotus Family Trust) 4.70%unchanged
Vipul Jayant Chheda (Trustee of Peace Family Trust) 4.69%unchanged
Vipul Jayant Chheda (Trustee of Unity Family Trust) 3.76%newly disclosed
Vipul Jayant Chheda (Trustee of Harmony Family Trust) 2.82%−0.94 pp
Madhulika Agarwal 1.30%unchanged

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

All earnings calls (8)

Read the Q1 FY27 call →

Learn to analyse Prince Pipes And Fittings Limited

Guides on how to read this kind of business and the numbers that matter.