BSE:542907

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Prince Pipes and Fittings

Executive Summary

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


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

542907IndustryMarket
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 Yearn/a-35.5%-38.1%-21.7%-23.2%
3 Yearn/a-28.9%-33.2%-12.7%-17.4%
5 Yearn/a24.9%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

NamePositionTenureCompensationOwnership
Jayant Chheda
Chairman & MDno data₹12.00m23.39% 2.0b
Shyam Sharda
Chief Financial Officer4.25yrs₹6.36mno data
Prakash Hegde
Chief Officer of Human Resources & Administrationno data₹4.78mno data
Shailesh Bhaskar
Company Secretary & Compliance Officer3.08yrsno datano data
Parag Chheda
Executive Directorno data₹10.50m19.62% 1.6b
Vipul Chheda
Executive Directorno data₹9.30m20.13% 1.7b
Heena Chheda
Executive Director3.58yrs₹5.10m0.10% 8.5m
Ashok Mehra
National Head of Sales & Marketing3.08yrsno datano data
Ram Prasad
Head of Manufacturingno datano datano data
Ashwini Chheda
Head of Administrationno datano data0.0058% 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

NamePositionTenureCompensationOwnership
Jayant Chheda
Chairman & MDno data₹12.00m23.39% 2.0b
Parag Chheda
Executive Directorno data₹10.50m19.62% 1.6b
Vipul Chheda
Executive Directorno data₹9.30m20.13% 1.7b
Heena Chheda
Executive Director3.58yrs₹5.10m0.10% 8.5m
Mohinder Bansal
Additional Independent Director2.67yrsno datano data
Anup Shah
Additional Independent Director2.67yrsno datano data
Uma Mandavgane
Additional Independent Director2.67yrsno datano 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

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 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/05/25 13:36
End of Day Share Price2020/05/22 00:00
Earnings2019/12/31
Annual Earnings2019/03/31


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.