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.
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Prince Pipes Share Price Target 2025, 2026, 2028, 2030, 2040 And 2050
Prince Pipes Share Price Target 2025
| Month | Minimum Target | Maximum Target |
|---|---|---|
| January | ₹337 | ₹464 |
| February | ₹270 | ₹412 |
| March | ₹224 | ₹336 |
| April | ₹213 | ₹346 |
| May | ₹246 | ₹364 |
| June | ₹249 | ₹356 |
| July | ₹229 | ₹328 |
| August | ₹238 | ₹337 |
| September | ₹247 | ₹353 |
| October | ₹262 | ₹371 |
| November | ₹273 | ₹389 |
| December | ₹296 | ₹420 |
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Prince Pipes Share Price Target 2026
| Year | Price Target (Min) | Price Target (Max) |
|---|---|---|
| 2026 | ₹420 | ₹554 |
Prince Pipes Share Price Target 2028
| Year | Price Target (Min) | Price Target (Max) |
|---|---|---|
| 2028 | ₹567 | ₹795 |
Prince Pipes Share Price Target 2030
| Year | Price Target (Min) | Price Target (Max) |
|---|---|---|
| 2030 | ₹823 | ₹1120 |
Prince Pipes Share Price Target 2040
| Year | Price Target (Min) | Price Target (Max) |
|---|---|---|
| 2040 | ₹1470 | ₹1960 |
Prince Pipes Share Price Target 2050
| Year | Price Target (Min) | Price Target (Max) |
|---|---|---|
| 2050 | ₹2146 | ₹2943 |
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Technical Analysis
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 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 |
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Prince Pipes Share Price Target: Export Opinion
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 |
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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
- Supreme Industries
- Ashirvad Pipes
- Savera Pipes
- Dutron Pipes
- Apollo Pipes
- Kankai Pipes
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| Indian Energy Exchange Ltd | ₹15,520Cr. | 36.28% | ₹119 | ₹191 |
| IIFL Securities Ltd | ₹5,834Cr. | 194.30% | ₹63.0 | ₹240 |
| Man Infraconstruction Ltd | ₹7,351Cr. | 59.62% | ₹119 | ₹249 |
| 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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Q1. What is the Market Cap of Prince Pipes?
Ans: The present Market Capital of Prince Pipes is ₹7428Cr.
Q2. When was Prince Pipes listed in the Indian market?
Ans: Prince Pipes was successfully listed on the Indian markets NSE and BSE on 30 December 2019.
Q3. What is the current Dept to equity Ratio of Prince Pipes?
Ans: Till FY March 2024, the company’s Dept to equity has been 0.08.
Q4. What is Prince Pipes share price target 2024?
Ans: Prince Pipes share price target for 2024 is going to be between Rs.536 to Rs.736.
Q5. What is Prince Pipes share price target 2025?
Ans: Prince Pipes share price target for 2025 is going to be between Rs.672 to Rs.731.
Q6. What is Prince Pipes share price target 2026?
Ans: Prince Pipes share price target for 2026 is going to be between Rs.699 to Rs.769.
Q7. What is Prince Pipes share price target 2030?
Ans: Prince Pipes share price target for 2030 is going to be between Rs.1080 to Rs.1196.
Q8. What is Prince Pipes share price target 2040?
Ans: Prince Pipes share price target for 2040 is going to be between Rs.1839 to Rs.2031.
Q9. What is Prince Pipes share price target 2050?
Ans: Prince Pipes share price target for 2050 is going to be between Rs.2814 to Rs.3026.
