Prince Pipes and Fittings
Market Cap
₹31.8b
Last Updated
2021/01/16 12:18 UTC
Data Sources
Company Financials +
Executive Summary
Prince Pipes and Fittings Limited manufactures and sells polymer pipes and fittings in India. More Details
Rewards
Risk Analysis
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
| 542907 | Industry | Market | |
|---|---|---|---|
| 7 Day | -3.1% | -2.4% | -0.4% |
| 30 Day | 9.6% | 8.9% | 5.0% |
| 90 Day | 26.3% | 39.6% | 24.4% |
| 1 Year | 72.4%69.8% | 34.0%33.0% | 18.1%15.9% |
| 3 Year | n/a | 18.4%10.8% | 9.7%4.4% |
| 5 Year | n/a | 144.4%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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman & MD | no data | ₹16.28m | 23.39% ₹ 7.4b | |
| VP & CFO | 4.92yrs | ₹8.17m | no data | |
| Chief Operations Officer | 1.5yrs | ₹9.22m | no data | |
| Vice President of Finance & Accounts | no data | ₹4.18m | 0.10% ₹ 32.5m | |
| Company Secretary & Compliance Officer | 3.75yrs | ₹1.72m | no data | |
| Executive Director | 24.75yrs | ₹11.22m | 19.62% ₹ 6.2b | |
| Executive Director | 23.83yrs | ₹10.02m | 20.13% ₹ 6.4b | |
| Head of Administration | no data | no data | 0.0058% ₹ 1.9m | |
| Vice President of Sales & Marketing | 3.75yrs | no data | no data | |
| VP & Chief Human Resources Officer | no data | ₹4.78m | no data | |
| Head of Manufacturing | no data | no data | no data | |
| National Head Sales & Marketing –Trubore | 1.58yrs | no data | no data |
3.8yrs
Average Tenure
49yo
Average Age
Experienced Management: 542907's management team is considered experienced (3.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman & MD | no data | ₹16.28m | 23.39% ₹ 7.4b | |
| Executive Director | 24.75yrs | ₹11.22m | 19.62% ₹ 6.2b | |
| Executive Director | 23.83yrs | ₹10.02m | 20.13% ₹ 6.4b | |
| Non-Executive Nominee Director | 1.17yrs | no data | no data | |
| Additional Non-Executive Independent Director | 0.58yr | no data | no data | |
| Independent Director | 3.33yrs | ₹630.00k | no data | |
| Additional Non-Executive Independent Director | 3.33yrs | ₹580.00k | 0.00041% ₹ 130.3k | |
| Additional Non-Executive Independent Director | 3.33yrs | ₹750.00k | no data | |
| Additional Non–Executive Nominee Director | 0.58yr | no data | no data | |
| Non-Executive Independent Director | 1.58yrs | ₹470.00k | no 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
| 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 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/16 12:18 |
| End of Day Share Price | 2021/01/15 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2020/03/31 |
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.