Prince Pipes Fittings

Prince Pipes and Fittings Limited is one of India's largest piping solutions and multi-polymer manufacturing companies. Its operations span plumbing systems, borewells, agriculture pipes, water storage tanks, industrial piping and electrical conduit pipes. The company also produces a wide sewage product range and underground drainage solutions. The company has more than 7200 SKUs and all products of Prince Pipes and Fittings Limited are ISO Certified.

Prince Pipes and Fittings Limited holds more than 3 decades of industry experience. It comprises machinery that creates a zero-defect manufacturing process, computerised injection moulding machines and leak-proof piping systems.

Prince Pipes & Fittings Limited was incorporated in November 1987. The company was originally named Prince Pipes and Fittings Private Limited. The company became a public limited entity in August 2017 and was renamed as Prince Pipes and Fittings Limited. It got listed on both, the National Stock Exchange (NSE) and BSE in December 2019.

Market capitalisation of Prince Pipes & Fittings Limited stood at over ₹7,700 crore as on January 17, 2024. Prince Pipes share price has surged over 143% in the last three years.

Prince Pipes business operations

The Mumbai headquartered company has 7 state-of–the–art manufacturing units. The manufacturing facilities are located in Haridwar (Uttarakhand), Athal (Dadra and Nagar Haveli), Dadra (Dadra and Nagar Haveli), Kolhapur (Maharashtra), Chennai (Tamil Nadu), Jobner (Rajasthan) and Sangareddy (Telangana).

Prince Pipes and Fittings Limited’s total installed capacity stands at nearly 3,15,000 MTPA. The company has 9 warehouses and a distribution channel with more than 1,500 partners.

Prince Pipes and Fittings Limited offers plumbing solutions including CPVC hot and cold potable water plumbing systems, UPVC plumbing systems and reclaim piping systems. It offers industrial piping solutions ranging from CPVC industrial piping systems to industrial plumbing systems. The sewerage drainage pipes and fittings solutions of the company include PP drainage systems, low noise PP drainage systems, low noise SWR systems and roofwater systems.

Its underground drainage solutions include underground drainage piping systems, UPVC underground drainage piping systems, inspection chambers, underground double wall corrugated pipes, CORFIT inspection chambers, FRP manholes and chamber covers. The agriculture and borewell product range includes agriculture pressure pipes & fittings, borewell systems and PEfit aqua HDPE pipes. The other products offered by the company are water storage tanks, electrical conduit pipes & fittings, cable ducting pipes, surface drainage systems and PTMT tapeware.

Prince Pipes and Fittings Limited has a global collaboration with Lubrizol.

Lubrizol is headquartered in the United States and is the world’s largest manufacturer and inventor of CPVC compounds. Prince Pipes and Fittings Limited has also collaborated with Tooling Holland BV. Tooling Holland BV is based in the Netherlands and is a global leader in plastic mould manufacturing.

Financial highlights

• The company’s revenue from operations stood at ₹2,710.87 crore, up 2% year-on-year, in FY23 compared to ₹2,656.83 crore in FY22.
• Its profit after tax (PAT) plunged 51.31% year-on-year to ₹121.42 crore in FY23 compared to ₹249.40 crore in FY22.
• The company’s EBITDA (earnings before interest, taxes, depreciation and amortisation) dropped to ₹2,50.31 crore in FY23 as against ₹415.61 crore in FY22.
• EBITDA margin stood at 9.2% in FY23.
• In FY23, the company’s earnings per share (EPS) stood at ₹10.98 compared to ₹22.62 in FY22.