Prince Pipes Share Price Target 2025, 2026, 2028, 2030, 2040 and 2050

In this article we will discuss in detail about Prince Pipes share price target 2025, 2026, 2028, 2030, 2040 and 2050. Along with this, detailed information about the company’s fundamentals, share price history, revenue, expenses, balance sheet, and quarterly reports will be given. Which will help you in taking investment related decisions.

About Prince Pipes

Prince Pipes and Fittings Limited was established in 1987. It is India’s largest PVC pipe manufacturers & multi polymer processor. This company manufactures products used in borewells, plumbing systems, electrical drain pipes, water storage tanks, industrial piping. Prince Pipes has 7 manufacturing units located at Haridwar (Uttarakhand), Athal (Dadra & Nagar Haveli), Dadra (Dadra & Nagar Haveli), Kolhapur (Maharashtra), Chennai (Tamil Nadu), Jobner. (Rajasthan) and Sangareddy (Telangana).

Prince Pipes has a global collaboration with Lubrizol, the world’s largest manufacturer and inventor of CPVC compounds, headquartered in the US. In 2021, Prince Pipes was named in the list of Fortune India 500 companies. Prince Pipes was the Brand of the Year at INEX Realty+ Awards in the year 2021.

Prince Pipes Fundamental

Prince Pipes and Fittings is a big name in the field of PVC pipes with a current market cap of Rs7428 crore. The company has registered net sales of ₹2584.84 crore and net profit of ₹182.50 crore in the financial year 2024. In the last three years, there has been a growth of 50.30% in the company’s profit but there has been a decline of 4.94% in its revenue. The total equity share capital of the company has remained stable at ₹110.56 crore for the last few years.

The reserves and surplus have been continuously increasing over the last few years, reaching ₹1,433.84 crore in March 2024. The debt to equity ratio of the company is 0.08. The company’s ROE is 11.82% and ROCE is 14% which shows satisfactory returns on equity and capital employed.

Company Name	Prince Pipes and Fittings ltd.
Sector	Plastics – Tubes/Pipes
Established	1987
Website	princepipes.com
Listing At	NSE, BSE
Mkt Cap	7428 Cr
ROE	11.82%
ROCE	14%
52 Week High	776
52 Week Low	521.35
P/E Ratio (TTM)	40.70
P/B Ratio	4.21
Debt to Equity	0.08
Face Value	10
Book Value Per Share	139.69
EPS (TTM)	16.51
Dividend Yield	0.15%
Net Sales	2584.84
Sales Growth	-4.94%
Net Profit (Anual)	182.50 Cr
Profit Growth	50.30%

The company’s share has touched a high of Rs 776 and the lowest price of Rs 521.35 in the last 52 weeks. It has a dividend yield of 0.15% which promises generous but assured profits. Prince Pipes has a PE ratio of 40.70 which points towards overvalued.

Prince Pipes Share Price Target 2024 2025, 2026, 2028, 2030, 2040 And 2050

Prince Pipes Share Price Target 2024

Month	Minimum Target	Maximum Target
January	₹684	₹736
February	₹646	₹684
March	₹522	₹586
April	₹536	₹601
May	₹554	₹640
June	₹586	₹645
July	₹603	₹659
August	₹660	₹680
September	₹668	₹685
October	₹665	₹687
November	₹670	₹692
December	₹676	₹696

Prince Pipes Share Price Target 2025

Month	Minimum Target	Maximum Target
January	₹674	₹696
February	₹680	₹705
March	₹683	₹715
April	₹687	₹719
May	₹682	₹705
June	₹678	₹699
July	₹672	₹706
August	₹675	₹712
September	₹682	₹716
October	₹689	₹721
November	₹692	₹726
December	₹695	₹731

Prince Pipes Share Price Target 2026

Month	Minimum Target	Maximum Target
January	₹699	₹736
February	₹703	₹742
March	₹700	₹740
April	₹706	₹745
May	₹712	₹756
June	₹718	₹752
July	₹723	₹758
August	₹728	₹763
September	₹721	₹760
October	₹719	₹758
November	₹723	₹763
December	₹729	₹769

Prince Pipes Share Price Target 2028

Month	Minimum Target	Maximum Target
January	₹870	₹910
February	₹867	₹905
March	₹863	₹901
April	₹854	₹893
May	₹858	₹899
June	₹863	₹905
July	₹869	₹912
August	₹874	₹918
September	₹879	₹923
October	₹881	₹930
November	₹887	₹936
December	₹892	₹941

Prince Pipes Share Price Target 2030

Month	Minimum Target	Maximum Target
January	₹1080	₹1129
February	₹1089	₹1138
March	₹1095	₹1146
April	₹1106	₹1156
May	₹1112	₹1162
June	₹1123	₹1176
July	₹1131	₹1170
August	₹1126	₹1168
September	₹1132	₹1173
October	₹1138	₹1181
November	₹1143	₹1189
December	₹1149	₹1196

Prince Pipes Share Price Target 2040

Month	Minimum Target	Maximum Target
January	₹1839	₹1986
February	₹1849	₹1996
March	₹1857	₹2008
April	₹1867	₹2016
May	₹1878	₹2023
June	₹1886	₹2031
July	₹1892	₹2038
August	₹1890	₹2032
September	₹1884	₹2026
October	₹1883	₹2023
November	₹1887	₹2028
December	₹1891	₹2031

Prince Pipes Share Price Target 2050

Month	Minimum Target	Maximum Target
January	₹2814	₹2976
February	₹2826	₹2984
March	₹2836	₹2992
April	₹2843	₹2999
May	₹2846	₹3004
June	₹2842	₹2996
July	₹2843	₹2994
August	₹2846	₹2998
September	₹2852	₹3004
October	₹2858	₹3012
November	₹2863	₹3018
December	₹2869	₹3026

Prince Pipes Share Price Target: Export Opinion

Prince Pipes Listing Date

Prince Pipes was listed on NSE and BSE on 30 December 2019.

Prince Pipes Profit/Loss

Prince Pipes’ profit has increased by 50.30% compared to last year but has decreased compared to financial years 2021 and 2022. However, its revenue has been fluctuating slightly compared to the last 4 years. In the first quarter of this financial year, the company had made a profit of only Rs 19.62 crore which was the lowest and in the second quarter it had made a profit of Rs 70.63 crore which was the highest. Overall this year the company had made a profit of Rs 182.50 crore.

Item	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
Profit/Loss Before Exceptional, ExtraOrdinary Items And Tax	225.84	164.84	336.87	299.15	150.57
Exceptional Items	17.93	0.00	0.00	0.00	0.00
Profit/Loss Before Tax	243.77	164.84	336.87	299.15	150.57
Tax Expenses-Continued Operations
Current Tax	61.27	42.01	89.14	77.42	40.14
Deferred Tax	0.00	1.58	-1.09	-0.11	-1.35
Tax For Earlier Years	0.00	-0.17	-0.57	0.00	-0.73
Total Tax Expenses	61.27	43.42	87.47	77.32	38.07
Profit/Loss After Tax And Before ExtraOrdinary Items	182.50	121.42	249.40	221.83	112.51
Profit/Loss From Continuing Operations	182.50	121.42	249.40	221.83	112.51
Profit/Loss For The Period	182.50	121.42	249.40	221.83	112.51

Prince Pipes Share Price Growth Chart

Prince Pipes Share Price History

Prince Pipes was listed on the Indian Stock Exchange at Rs 151 on December 30, 2019. Since then, its stock has grown by 343%. After listing, its shares saw a rise of 95.61% in the first year and 134.78% in the second year. However, its share fell by 14.83% in the third year. Its stock remained flat for the last 1 year and grew by only 2%. Its stock has fallen by 4.58% and 0.13% in last 6 months and 1 month respectively.

Prince Pipes Quarterly Report

	Mar 24	Dec 23	Sep 23	Jun 23
Sales +	₹745.46Cr.	₹621.63Cr.	₹660.40Cr.	₹557.35Cr.
Expenses +	₹673.13Cr.	₹568.58Cr.	₹585.50Cr.	₹531.79Cr.
EBITDA	₹97.59Cr.	₹78.67Cr.	₹98.13Cr.	₹49.11Cr.
EBIT	₹73.68Cr.	₹55.76Cr.	₹93.53Cr.	₹27.30Cr.
Net Profit	₹54.65Cr.	₹37.63Cr.	₹70.63Cr.	₹19.62Cr.
Profit Before Tax	₹72.33Cr.	₹53.05Cr.	₹92.83Cr.	₹25.56Cr.
Operating Profit Margin	13.19%	12.72%	17.68%	8.87%
Net Profit Margin	7.38%	6.08%	8.68%	3.54%
Earning Per Share	₹4.94	₹3.40	₹6.39	₹1.77
Depreciation	23.91	22.91	22.53	21.81
Dividends Per Share	0.00	0.00	0.00	0.00

Prince Pipes Profit/Loss – Last 5 Years Report

Income

Item	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
Revenue From Operations [Gross]	2,568.75	2,703.44	2,649.77	2,068.33	1,631.37
Revenue From Operations [Net]	2,568.75	2,703.44	2,649.77	2,068.33	1,631.37
Other Operating Revenues	0.00	7.43	7.06	3.18	4.29
Total Operating Revenues	2,568.75	2,710.87	2,656.83	2,071.52	1,635.66
Other Income	16.09	8.55	5.47	17.60	6.94
Total Revenue	2,584.84	2,719.42	2,662.30	2,089.12	1,642.60

Expenses

Item	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
Cost Of Materials Consumed	1,754.47	1,979.01	1,912.80	1,299.30	1,167.22
Purchase Of Stock-In Trade	73.17	78.59	67.01	34.66	48.49
Changes In Inventories Of FG,WIP And Stock-In Trade	-8.34	34.60	-88.32	44.89	-89.28
Employee Benefit Expenses	147.69	116.05	116.21	99.70	90.16
Finance Costs	6.50	11.01	13.90	20.67	33.17
Depreciation And Amortisation Expenses	91.17	83.01	70.31	59.42	51.98
Other Expenses	294.34	252.31	233.52	231.34	190.28
Total Expenses	2,359.00	2,554.58	2,325.43	1,789.97	1,492.03

Other Additional Information

Earnings Per Share

Item	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
Basic EPS (Rs.)	14.88	10.98	22.62	20.16	11.77
Diluted EPS (Rs.)	14.88	10.98	22.62	20.16	11.77

Dividend And Dividend Percentage

Item	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
Equity Share Dividend	0.00	0.00	38.51	16.50	13.26
Equity Dividend Rate (%)	10.00	0.00	35.00	35.00	10.00

Prince Pipes Balance Sheet – Last 5 Years Report:

Equities and Liabilities

Shareholder’s Funds

Item	MAR 24	MAR 23	MAR 22	MAR 21	MAR 20
Equity Share Capital	110.56	110.56	110.56	110.03	110.03
TOTAL SHARE CAPITAL	110.56	110.56	110.56	110.03	110.03
Reserves and Surplus	1,433.84	1,253.40	1,154.71	930.84	725.39
TOTAL RESERVES AND SURPLUS	1,433.84	1,253.40	1,154.71	930.84	725.39
TOTAL SHAREHOLDERS FUNDS	1,544.40	1,363.96	1,265.27	1,043.48	837.68

Non-Current Liabilities

Item	MAR 24	MAR 23	MAR 22	MAR 21	MAR 20
Long Term Borrowings	18.90	0.00	0.00	0.00	39.46
Deferred Tax Liabilities [Net]	19.06	13.66	12.28	13.31	13.31
Other Long Term Liabilities	9.87	3.07	0.00	15.89	17.42
Long Term Provisions	17.78	13.77	12.70	11.65	11.26
TOTAL NON-CURRENT LIABILITIES	65.62	30.50	24.98	40.85	81.45

Current Liabilities

Item	MAR 24	MAR 23	MAR 22	MAR 21	MAR 20
Short Term Borrowings	95.54	58.13	150.00	85.22	203.81
Trade Payables	249.14	320.20	398.58	249.11	180.78
Other Current Liabilities	165.90	79.44	98.02	185.72	104.40
Short Term Provisions	2.63	1.95	2.20	1.71	2.09
TOTAL CURRENT LIABILITIES	513.21	459.73	648.80	521.75	491.09
TOTAL CAPITAL AND LIABILITIES	2,123.23	1,854.19	1,939.04	1,606.08	1,410.21

ASSETS

NON-CURRENT ASSETS

Item	MAR 24	MAR 23	MAR 22	MAR 21	MAR 20
Tangible Assets	832.93	679.52	643.01	497.91	485.57
Intangible Assets	0.00	1.05	2.60	5.08	3.01
Capital Work-In-Progress	0.00	19.03	22.56	76.55	7.53
Other Assets	0.00	0.00	0.00	0.00	0.00
FIXED ASSETS	832.93	704.13	668.16	579.53	496.12
Non-Current Investments	0.29	0.29	1.69	1.46	0.63
Deferred Tax Assets [Net]	0.00	0.00	0.00	0.00	0.00
Long Term Loans And Advances	0.00	0.00	0.00	8.32	10.31
Other Non-Current Assets	43.51	24.59	42.48	31.04	58.41
TOTAL NON-CURRENT ASSETS	876.72	729.01	712.32	620.36	565.47

CURRENT ASSETS

Item	MAR 24	MAR 23	MAR 22	MAR 21	MAR 20
Current Investments	37.90	91.70	10.04	0.00	0.00
Inventories	437.89	425.65	618.81	227.33	344.52
Trade Receivables	584.87	415.02	434.62	353.37	179.71
Cash And Cash Equivalents	77.71	124.41	58.64	229.92	257.02
Short Term Loans And Advances	0.41	0.48	0.55	4.11	1.06
Other Current Assets	107.73	67.93	104.06	170.99	62.43
TOTAL CURRENT ASSETS	1,246.51	1,125.18	1,226.72	985.72	844.74
TOTAL ASSETS	2,123.23	1,854.19	1,939.04	1,606.08	1,410.21

OTHER ADDITIONAL INFORMATION

CONTINGENT LIABILITIES, COMMITMENTS

Item	MAR 24	MAR 23	MAR 22	MAR 21	MAR 20
Contingent Liabilities	0.00	48.08	102.91	182.97	126.13

CIF VALUE OF IMPORTS

Item	MAR 24	MAR 23	MAR 22	MAR 21	MAR 20
Raw Materials	0.00	0.00	0.00	0.00	0.00
Stores, Spares And Loose Tools	0.00	645.62	947.52	412.24	580.06
Trade/Other Goods	0.00	645.62	947.52	412.24	580.06
Capital Goods	0.00	0.00	0.00	0.00	0.00

EXPENDITURE IN FOREIGN EXCHANGE

Item	MAR 24	MAR 23	MAR 22	MAR 21	MAR 20
Expenditure In Foreign Currency	0.00	1.86	0.44	4.70	10.14

EARNINGS IN FOREIGN EXCHANGE

Item	MAR 24	MAR 23	MAR 22	MAR 21	MAR 20
FOB Value Of Goods	—	8.70	7.71	2.97	1.01
Other Earnings	—	—	—	—	—

BONUS DETAILS

Item	MAR 24	MAR 23	MAR 22	MAR 21	MAR 20
Bonus Equity Share Capital	—	81.01

How to Buy Prince Pipes Shares?

Shares of Prince Pipes can be bought and sold through any intermediate platform registered by SEBI. Here are the names of some popular platforms.

• Zerodha
• Groww
• Angel One
• Upstox

Prince Pipes Shareholding Pattern

Promoter	60.94%
Other Domestic Institutions	2.27%
Retail and Others	14.25%
Foreign Institutions	6.44%
Mutual funds	16.10%
Total	100.00%

Prince Pipes Latest News

1. According to the brokerage firm, the share of Prince Pipes is expected to rise and it has given it a buy rating and has kept a target price of Rs 723 for it.

Prince Pipes Strengths

• The debt to equity ratio of the company is low at 0.08 which shows good debt management and financial health of the company.
• Continuous increase in the company’s shareholder funds.
• A dividend yield of 0.15% guarantees assured returns to the investor.
• The company’s better ROE of 11.82% and ROCE of 14% assures returns to the investors.
• The company has been giving continuous profits for the last several years, which increases investor confidence.
• Its reserves and surplus have continuously increased.

Prince Pipes Risks

• The PE ratio of the company is 40.70 which indicates that it is overvalued.
• Its revenue is 4.94% loss compared to last year, if this continues then its profit will also be affected.

Points to Consider Before Investing

• Before investing in this company, the investor should keep an eye on its revenue and profit.
• Plastics – Tubes/Pipes sector is very competitive.
• The company’s stock is overvalued.
• Investors should keep an eye on its ROE, ROCE and dividend yield.

Competitors of Prince Pipes

1. Supreme Industries
2. Ashirvad Pipes
3. Savera Pipes
4. Dutron Pipes
5. Apollo Pipes
6. Kankai Pipes

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Marksans Pharma Ltd	₹9,224Cr.	77.29%	₹93.8	₹205
Ashoka Buildcon Ltd	₹7,310Cr.	154.59%	₹89.0	₹262

Conclusion

The company is in a strong position with consistent profit growth and effective debt management. Its fundamentals indicate a positive financial position, yet a cautious outlook on its financial position is warranted. In which emphasis is laid on the need for constant monitoring of sales performance and market conditions.

Disclaimer– Please note that all the information given here is for general information purpose only and not for investment purposes. Therefore, before investing in any share, take advice from a certified market expert. If you invest, you will be responsible for your profits and losses.

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