Prince Pipes and Fittings Limited

NSEI:PRINCEPIPE Stock Report

Market Cap: ₹60.5b

Prince Pipes and Fittings Balance Sheet Health

Financial Health criteria checks 6/6

Prince Pipes and Fittings has a total shareholder equity of ₹15.4B and total debt of ₹1.3B, which brings its debt-to-equity ratio to 8.4%. Its total assets and total liabilities are ₹21.2B and ₹5.8B respectively. Prince Pipes and Fittings's EBIT is ₹2.4B making its interest coverage ratio 38.9. It has cash and short-term investments of ₹1.2B.

Key information

8.4%

Debt to equity ratio

₹1.30b

Debt

Interest coverage ratio38.9x
Cash₹1.16b
Equity₹15.44b
Total liabilities₹5.79b
Total assets₹21.23b

Recent financial health updates

Recent updates

Prince Pipes and Fittings Limited's (NSE:PRINCEPIPE) Price Is Out Of Tune With Earnings

Jun 12
Prince Pipes and Fittings Limited's (NSE:PRINCEPIPE) Price Is Out Of Tune With Earnings

We Think You Should Be Aware Of Some Concerning Factors In Prince Pipes and Fittings' (NSE:PRINCEPIPE) Earnings

May 24
We Think You Should Be Aware Of Some Concerning Factors In Prince Pipes and Fittings' (NSE:PRINCEPIPE) Earnings

Here's Why Prince Pipes and Fittings (NSE:PRINCEPIPE) Can Manage Its Debt Responsibly

Mar 26
Here's Why Prince Pipes and Fittings (NSE:PRINCEPIPE) Can Manage Its Debt Responsibly

Be Wary Of Prince Pipes and Fittings (NSE:PRINCEPIPE) And Its Returns On Capital

Dec 05
Be Wary Of Prince Pipes and Fittings (NSE:PRINCEPIPE) And Its Returns On Capital

When Should You Buy Prince Pipes and Fittings Limited (NSE:PRINCEPIPE)?

Sep 21
When Should You Buy Prince Pipes and Fittings Limited (NSE:PRINCEPIPE)?

Is Prince Pipes and Fittings (NSE:PRINCEPIPE) Using Too Much Debt?

Aug 11
Is Prince Pipes and Fittings (NSE:PRINCEPIPE) Using Too Much Debt?

Is It Too Late To Consider Buying Prince Pipes and Fittings Limited (NSE:PRINCEPIPE)?

May 27
Is It Too Late To Consider Buying Prince Pipes and Fittings Limited (NSE:PRINCEPIPE)?

Prince Pipes and Fittings (NSE:PRINCEPIPE) Has A Somewhat Strained Balance Sheet

Mar 29
Prince Pipes and Fittings (NSE:PRINCEPIPE) Has A Somewhat Strained Balance Sheet

Is Prince Pipes and Fittings (NSE:PRINCEPIPE) Using Too Much Debt?

Dec 22
Is Prince Pipes and Fittings (NSE:PRINCEPIPE) Using Too Much Debt?

Should You Think About Buying Prince Pipes and Fittings Limited (NSE:PRINCEPIPE) Now?

Oct 28
Should You Think About Buying Prince Pipes and Fittings Limited (NSE:PRINCEPIPE) Now?

Prince Pipes and Fittings (NSE:PRINCEPIPE) Has Affirmed Its Dividend Of ₹2.00

Aug 28
Prince Pipes and Fittings (NSE:PRINCEPIPE) Has Affirmed Its Dividend Of ₹2.00

Prince Pipes and Fittings' (NSE:PRINCEPIPE) Dividend Will Be ₹2.00

Aug 12
Prince Pipes and Fittings' (NSE:PRINCEPIPE) Dividend Will Be ₹2.00

Prince Pipes and Fittings (NSE:PRINCEPIPE) Has A Pretty Healthy Balance Sheet

Jun 07
Prince Pipes and Fittings (NSE:PRINCEPIPE) Has A Pretty Healthy Balance Sheet

Prince Pipes and Fittings Limited (NSE:PRINCEPIPE) Just Reported Yearly Earnings: Have Analysts Changed Their Mind On The Stock?

May 22
Prince Pipes and Fittings Limited (NSE:PRINCEPIPE) Just Reported Yearly Earnings: Have Analysts Changed Their Mind On The Stock?

Should You Think About Buying Prince Pipes and Fittings Limited (NSE:PRINCEPIPE) Now?

Mar 29
Should You Think About Buying Prince Pipes and Fittings Limited (NSE:PRINCEPIPE) Now?

Investors Shouldn't Overlook The Favourable Returns On Capital At Prince Pipes and Fittings (NSE:PRINCEPIPE)

Feb 15
Investors Shouldn't Overlook The Favourable Returns On Capital At Prince Pipes and Fittings (NSE:PRINCEPIPE)

Financial Position Analysis

Short Term Liabilities: PRINCEPIPE's short term assets (₹12.5B) exceed its short term liabilities (₹5.1B).

Long Term Liabilities: PRINCEPIPE's short term assets (₹12.5B) exceed its long term liabilities (₹656.2M).


Debt to Equity History and Analysis

Debt Level: PRINCEPIPE's net debt to equity ratio (0.9%) is considered satisfactory.

Reducing Debt: PRINCEPIPE's debt to equity ratio has reduced from 69.6% to 8.4% over the past 5 years.

Debt Coverage: PRINCEPIPE's debt is well covered by operating cash flow (25.4%).

Interest Coverage: PRINCEPIPE's interest payments on its debt are well covered by EBIT (38.9x coverage).


Balance Sheet


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