BSE:542907

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Prince Pipes and Fittings

Executive Summary

Prince Pipes and Fittings Limited manufactures and sells polymer pipes and fittings in India. More Details


Snowflake Analysis

Excellent balance sheet with acceptable track record.


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 is not significantly more volatile than the rest of Indian stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: 542907's weekly volatility (5%) has been stable over the past year.


Market Performance


7 Day Return

-3.1%

542907

-2.4%

IN Building

-0.4%

IN Market


1 Year Return

69.8%

542907

33.0%

IN Building

15.9%

IN Market

Return vs Industry: 542907 exceeded the Indian Building industry which returned 33% over the past year.

Return vs Market: 542907 exceeded the Indian Market which returned 15.9% over the past year.


Shareholder returns

542907IndustryMarket
7 Day-3.1%-2.4%-0.4%
30 Day9.6%8.9%5.0%
90 Day26.3%39.6%24.4%
1 Year72.4%69.8%34.0%33.0%18.1%15.9%
3 Yearn/a18.4%10.8%9.7%4.4%
5 Yearn/a144.4%124.8%82.3%68.5%

Long-Term 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?

27.66x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 542907 (₹288.95) is trading above our estimate of fair value (₹131.45)

Significantly Below Fair Value: 542907 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 542907 is poor value based on its PE Ratio (27.7x) compared to the IN Building industry average (22.3x).

PE vs Market: 542907 is poor value based on its PE Ratio (27.7x) compared to the Indian market (19.5x).


Price to Earnings Growth Ratio

PEG Ratio: 542907 is poor value based on its PEG Ratio (1.5x)


Price to Book Ratio

PB vs Industry: 542907 is overvalued based on its PB Ratio (3.6x) compared to the IN Building industry average (1.1x).


Next Steps

Future Growth

How is Prince Pipes and Fittings forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

18.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 542907's forecast earnings growth (18.1% per year) is above the savings rate (7%).

Earnings vs Market: 542907's earnings (18.1% per year) are forecast to grow slower than the Indian market (25.5% per year).

High Growth Earnings: 542907's earnings are forecast to grow, but not significantly.

Revenue vs Market: 542907's revenue (13.2% per year) is forecast to grow faster than the Indian market (11.7% per year).

High Growth Revenue: 542907's revenue (13.2% 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 (14.9%).


Next Steps

Past Performance

How has Prince Pipes and Fittings performed over the past 5 years?

18.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 542907 has a high level of non-cash earnings.

Growing Profit Margin: 542907's current net profit margins (7%) are higher than last year (6.5%).


Past Earnings Growth Analysis

Earnings Trend: 542907's earnings have grown by 18.3% per year over the past 5 years.

Accelerating Growth: 542907's earnings growth over the past year (1.8%) is below its 5-year average (18.3% per year).

Earnings vs Industry: 542907 earnings growth over the past year (1.8%) exceeded the Building industry -18.8%.


Return on Equity

High ROE: 542907's Return on Equity (12.3%) is considered low.


Next Steps

Financial Health

How is Prince Pipes and Fittings's financial position?


Financial Position Analysis

Short Term Liabilities: 542907's short term assets (₹7.8B) exceed its short term liabilities (₹4.0B).

Long Term Liabilities: 542907's short term assets (₹7.8B) exceed its long term liabilities (₹670.5M).


Debt to Equity History and Analysis

Debt Level: 542907's debt to equity ratio (18.9%) is considered satisfactory.

Reducing Debt: 542907's debt to equity ratio has reduced from 176.7% to 18.9% over the past 5 years.

Debt Coverage: 542907's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: 542907's interest payments on its debt are well covered by EBIT (8.7x coverage).


Balance Sheet


Next Steps

Dividend

What is Prince Pipes and Fittings's current dividend yield, its reliability and sustainability?

0.52%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 542907's dividend (0.52%) is higher than the bottom 25% of dividend payers in the Indian market (0.44%).

High Dividend: 542907's dividend (0.52%) is low compared to the top 25% of dividend payers in the Indian market (1.81%).


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: With its low payout ratio (9.6%), 542907's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: 542907's dividends in 3 years are forecast to be thoroughly covered by earnings (13.4% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.8yrs

Average management tenure


CEO

Jayantilal Chheda (74 yo)

no data

Tenure

₹16,280,000

Compensation

Mr. Jayant Shamji Chheda, also known as Jayantilal, serves as Executive Chairman and Managing Director of Prince Pipes & Fittings Private Limited. Mr. Chheda has vast experience in the plastic industry. Mr...


CEO Compensation Analysis

Compensation vs Market: Jayantilal's total compensation ($USD222.56K) is below average for companies of similar size in the Indian market ($USD358.62K).

Compensation vs Earnings: Jayantilal's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Jayant Chheda
Executive Chairman & MDno data₹16.28m23.39%
₹ 7.4b
Shyam Sharda
VP & CFO4.92yrs₹8.17mno data
Vininder Baweja
Chief Operations Officer1.5yrs₹9.22mno data
Heena Chheda
Vice President of Finance & Accountsno data₹4.18m0.10%
₹ 32.5m
Shailesh Bhaskar
Company Secretary & Compliance Officer3.75yrs₹1.72mno data
Parag Chheda
Executive Director24.75yrs₹11.22m19.62%
₹ 6.2b
Vipul Chheda
Executive Director23.83yrs₹10.02m20.13%
₹ 6.4b
Ashwini Chheda
Head of Administrationno datano data0.0058%
₹ 1.9m
Ashok Mehra
Vice President of Sales & Marketing3.75yrsno datano data
Prakash Hegde
VP & Chief Human Resources Officerno data₹4.78mno data
Ram Prasad
Head of Manufacturingno datano datano data
Umesh Pillai
National Head Sales & Marketing –Trubore1.58yrsno datano data

3.8yrs

Average Tenure

49yo

Average Age

Experienced Management: 542907's management team is considered experienced (3.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Jayant Chheda
Executive Chairman & MDno data₹16.28m23.39%
₹ 7.4b
Parag Chheda
Executive Director24.75yrs₹11.22m19.62%
₹ 6.2b
Vipul Chheda
Executive Director23.83yrs₹10.02m20.13%
₹ 6.4b
Rajesh Pai
Non-Executive Nominee Director1.17yrsno datano data
Rajendra Gogri
Additional Non-Executive Independent Director0.58yrno datano data
Ramesh Chandak
Independent Director3.33yrs₹630.00kno data
Mohinder Bansal
Additional Non-Executive Independent Director3.33yrs₹580.00k0.00041%
₹ 130.3k
Uma Mandavgane
Additional Non-Executive Independent Director3.33yrs₹750.00kno data
Satish Chavva
Additional Non–Executive Nominee Director0.58yrno datano data
Dilip Deshpande
Non-Executive Independent Director1.58yrs₹470.00kno data

3.3yrs

Average Tenure

57.5yo

Average Age

Experienced Board: 542907's board of directors are considered experienced (3.3 years average tenure).


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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


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: ₹31.792b
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
542907BSE (Mumbai Stock Exchange)YesEquity SharesININRDec 2019
PRINCEPIPENSEI (National Stock Exchange of India)YesEquity SharesININRDec 2019

Biography

Prince Pipes and Fittings Limited manufactures and sells polymer pipes and fittings in India. Its products are used in plumbing and irrigation, as well as soil, waste, and rainwater management applications...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/16 12:18
End of Day Share Price2021/01/15 00:00
Earnings2020/09/30
Annual Earnings2020/03/31


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.