Prince Pipes and Fittings
Market Cap
₹8.4b
Last Updated
2020/05/25 13:36 UTC
Data Sources
Company Financials +
Executive Summary
Prince Pipes and Fittings Limited manufactures and sells polymer pipes and fittings primarily in India.
Rewards
Risk Analysis
Earnings are forecast to decline by an average of -3.1% per year for the next 3 years
Snowflake Analysis
Outstanding track record with excellent balance sheet.
Similar Companies
Share Price & News
How has Prince Pipes and Fittings's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 542907's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
-6.4%
542907
-2.3%
IN Building
-0.8%
IN Market
1 Year Return
n/a
542907
-38.1%
IN Building
-23.2%
IN Market
Return vs Industry: Insufficient data to determine how 542907 performed against the Indian Building industry.
Return vs Market: Insufficient data to determine how 542907 performed against the Indian Market.
Shareholder returns
| 542907 | Industry | Market | |
|---|---|---|---|
| 7 Day | -6.4% | -2.3% | -0.8% |
| 30 Day | -19.4% | -8.8% | -0.7% |
| 90 Day | -57.3% | -35.9% | -22.7% |
| 1 Year | n/a | -35.5%-38.1% | -21.7%-23.2% |
| 3 Year | n/a | -28.9%-33.2% | -12.7%-17.4% |
| 5 Year | n/a | 24.9%12.2% | 3.9%-6.3% |
Price Volatility Vs. Market
How volatile is Prince Pipes and Fittings's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Valuation
Is Prince Pipes and Fittings undervalued compared to its fair value and its price relative to the market?
5.96x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: 542907 (₹75.9) is trading above our estimate of fair value (₹56.89)
Significantly Below Fair Value: 542907 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: 542907 is good value based on its PE Ratio (6x) compared to the Building industry average (8.1x).
PE vs Market: 542907 is good value based on its PE Ratio (6x) compared to the Indian market (9.9x).
Price to Earnings Growth Ratio
PEG Ratio: 542907's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: 542907 is overvalued based on its PB Ratio (1.6x) compared to the IN Building industry average (0.6x).
Next Steps
Future Growth
How is Prince Pipes and Fittings forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
-3.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 542907's earnings are forecast to decline over the next 3 years (-3.1% per year).
Earnings vs Market: 542907's earnings are forecast to decline over the next 3 years (-3.1% per year).
High Growth Earnings: 542907's earnings are forecast to decline over the next 3 years.
Revenue vs Market: 542907's revenue (5.2% per year) is forecast to grow slower than the Indian market (7.2% per year).
High Growth Revenue: 542907's revenue (5.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 542907's Return on Equity is forecast to be low in 3 years time (11.1%).
Next Steps
Past Performance
How has Prince Pipes and Fittings performed over the past 5 years?
27.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 542907 has high quality earnings.
Growing Profit Margin: 542907's current net profit margins (6.8%) are higher than last year (5.4%).
Past Earnings Growth Analysis
Earnings Trend: 542907's earnings have grown significantly by 27.8% per year over the past 5 years.
Accelerating Growth: 542907's earnings growth over the past year (42.9%) exceeds its 5-year average (27.8% per year).
Earnings vs Industry: 542907 earnings growth over the past year (42.9%) exceeded the Building industry 1.2%.
Return on Equity
High ROE: 542907's Return on Equity (27%) is considered high.
Next Steps
Financial Health
How is Prince Pipes and Fittings's financial position?
Financial Position Analysis
Short Term Liabilities: 542907's short term assets (₹4.9B) exceed its short term liabilities (₹4.5B).
Long Term Liabilities: 542907's short term assets (₹4.9B) exceed its long term liabilities (₹1.4B).
Debt to Equity History and Analysis
Debt Level: 542907's debt to equity ratio (69.6%) is considered high.
Reducing Debt: 542907's debt to equity ratio has reduced from 239.3% to 69.6% over the past 5 years.
Debt Coverage: 542907's debt is well covered by operating cash flow (80.3%).
Interest Coverage: 542907's interest payments on its debt are well covered by EBIT (6.1x coverage).
Balance Sheet
Next Steps
Dividend
What is Prince Pipes and Fittings's current dividend yield, its reliability and sustainability?
2.64%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 542907's dividend (2.64%) is higher than the bottom 25% of dividend payers in the Indian market (0.86%).
High Dividend: 542907's dividend (2.64%) is low compared to the top 25% of dividend payers in the Indian market (3.7%).
Stability and Growth of Payments
Stable Dividend: Too early to tell whether 542907's dividend payments have been stable as they only just started paying a dividend.
Growing Dividend: Too early to tell if 542907's dividend payments are increasing as they only just started paying a dividend.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 542907's dividends in 3 years are forecast to be well covered by earnings (28.2% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.1yrs
Average management tenure
CEO
Jayantilal Chheda (73yo)
no data
Tenure
₹12,000,000
Compensation
Mr. Jayant Shamji Chheda serves as Chairman and Managing Director of Prince Pipes & Fittings Private Limited. Mr. Chheda has over three decades of experience in the plastic industry. Mr. Chheda has been as ...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & MD | no data | ₹12.00m | 23.39% ₹2.0b | |
| Chief Financial Officer | 4.25yrs | ₹6.36m | no data | |
| Chief Officer of Human Resources & Administration | no data | ₹4.78m | no data | |
| Company Secretary & Compliance Officer | 3.08yrs | no data | no data | |
| Executive Director | no data | ₹10.50m | 19.62% ₹1.6b | |
| Executive Director | no data | ₹9.30m | 20.13% ₹1.7b | |
| Executive Director | 3.58yrs | ₹5.10m | 0.10% ₹8.5m | |
| National Head of Sales & Marketing | 3.08yrs | no data | no data | |
| Head of Manufacturing | no data | no data | no data | |
| Head of Administration | no data | no data | 0.0058% ₹486.0k |
3.1yrs
Average Tenure
48yo
Average Age
Experienced Management: 542907's management team is considered experienced (3.1 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & MD | no data | ₹12.00m | 23.39% ₹2.0b | |
| Executive Director | no data | ₹10.50m | 19.62% ₹1.6b | |
| Executive Director | no data | ₹9.30m | 20.13% ₹1.7b | |
| Executive Director | 3.58yrs | ₹5.10m | 0.10% ₹8.5m | |
| Additional Independent Director | 2.67yrs | no data | no data | |
| Additional Independent Director | 2.67yrs | no data | no data | |
| Additional Independent Director | 2.67yrs | no data | no data |
2.7yrs
Average Tenure
48yo
Average Age
Experienced Board: 542907's board of directors are not considered experienced ( 2.7 years average tenure), which suggests a new board.
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: 542907 only recently listed within the past 12 months.
Top Shareholders
Company Information
Prince Pipes and Fittings Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Prince Pipes and Fittings Limited
- Ticker: 542907
- Exchange: BSE
- Founded: 1987
- Industry: Building Products
- Sector: Capital Goods
- Market Cap: ₹8.351b
- Shares outstanding: 110.03m
- Website: https://www.princepipes.com
Number of Employees
Location
- Prince Pipes and Fittings Limited
- The Ruby
- 8th Floor
- Mumbai
- Maharashtra
- 400028
- India
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 542907 | BSE (Mumbai Stock Exchange) | Yes | Equity Shares | IN | INR | Dec 2019 |
| PRINCEPIPE | NSEI (National Stock Exchange of India) | Yes | Equity Shares | IN | INR | Dec 2019 |
Biography
Prince Pipes and Fittings Limited manufactures and sells polymer pipes and fittings primarily in India. Its products are used in plumbing and irrigation, as well as soil, waste, and rain water management applications. The company offers its products to retailers, wholesalers, and plumbers through distributors under the Prince Piping Systems and Trubore brand names. Prince Pipes and Fittings Limited was incorporated in 1987 and is based in Mumbai, India.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/05/25 13:36 |
| End of Day Share Price | 2020/05/22 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/03/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.