Open Demat Account

50years
50 Years
of Trust & Legacy
₹0 AMC
for First Year
₹0 Brokerage
on Delivery, Intraday, Currency and NSE F&O
left-arrow
Fundamentals
Financials
Shareholding
Resistance/Support
Delivery and Volume
About
Management
News
Similar Stocks
right-arrow

Prince Pipes & Fittings Ltd Performance

Today's Low
593.10
arrowIcon
Today's High
616.65
52 Wk Low
521.35
arrowIcon
52 Wk High
776.00


Open

595.8

Traded Value (Cr)

11.66 Cr

Prev. Close

600.8

VWAP

608.75

Volume

2,29,905

Face Value

10

Prince Pipes & Fittings Ltd Financials

Prince Pipes & Fittings Ltd Financials

Prince Pipes & Fittings Ltd Shareholding Pattern

Held By Dec 2023 Sep 2023 Jun 2023 Mar 2023
Promoters 60.94 % 60.94 % 60.94 % 60.94 %
Mutual Funds 15.83 % 15.79 % 12.79 % 11.65 %
Retail 13.50 % 13.89 % 15.04 % 15.52 %
FII 5.74 % 5.01 % 6.12 % 6.24 %
Others 4.00 % 4.37 % 5.11 % 5.65 %

Promoters

60.94%

Mutual Funds

15.83%

Retail

13.50%

FII

5.74%

Others

4.00%

Promoters

60.94%

Mutual Funds

15.79%

Retail

13.89%

FII

5.01%

Others

4.37%

Promoters

60.94%

Mutual Funds

12.79%

Retail

15.04%

FII

6.12%

Others

5.11%

Promoters

60.94%

Mutual Funds

11.65%

Retail

15.52%

FII

6.24%

Others

5.65%

Resistance and Support

₹599.17

PIVOT

resistance-arrow
Resistance
First Resistance₹621.333
Second Resistance₹641.867
Third Resistance₹664.033
support-arrow
Support
First Resistance₹578.633
Second Resistance₹556.467
Third Resistance₹535.933
RSI67.111
MACD38.373
ADX20.366
CCI56.477

Delivery and Volume

PeriodDelivery Volume Traded Volume Delivery Volume %
Day229,90586,05144.65
Week204,070183,57476.12
1 Month246,306119,20251.06
6 Months229,905229,905100.00

About Prince Pipes & Fittings Ltd

Prince Pipes and Fittings Limited (PPFL) was incorporated as a private limited company with the name 'Prince Pipes and Fittings Private Limited' on November 13, 1987, at Mumbai, Maharashtra. Thereafter, the company became a deemed public limited company with effect from July 1, 1998. Further, the Company converted back into a private company on May 18, 2001. Subsequently, the company converted into a public limited and the name of the Company was changed to 'Prince Pipes and Fittings Limited' on August 11, 2017. The Company is recognized as India's largest integrated piping solutions providers based in Mumbai. The Company markets its products under two brand names: Prince Piping Systems; and Trubore Piping Systems. Due to the comprehensive product range, the company is positioned as an end-to-end polymer piping systems solution provider. Prince Pipes and Fittings Limited is a Fortune India 500 company. The Company has been engaged in the manufacturing of polymer piping solutions in five types of polymers, such as CPVC, UPVC, HDPE, PPR and LLDP. Over time, it has emerged as one of the fastest growing companies in the Indian pipes and fittings industry. With more thab 1500 distributors and 7 state-of-art facilities across India, of which 5 contract-manufacturing units are located at Hajipur (Bihar), 2 in Aurangabad (Maharashtra), Hajipur Vaishali District (Bihar) and Balasore (Orissa). The Company plans to set up two new manufacturing plants, one in Jobner (Rajasthan), which is near Jaipur, and the other in Sangareddy (Telangana). In 2019-20, the Company completed initial public offering of its equity shares (IPO) of 28,089,885 Equity shares of Rs. 10/- each comprising of a Fresh Issue of 14,044,943 Equity shares of Rs. 10/- each and Offer for Sale (OFS) of 14,044,942 Equity shares of Rs. 10/- each by some of the promoters of the Company namely Mr. Jayant Chheda, Mrs. Tarla Chheda, Mr. Parag Chheda and Mr. Vipul Chheda. The Company raised an amount of Rs. 2,500 million from the Fresh Issue and the Promoters raised Rs. 2,500 million under the OFS. Post allotment / transfer in the IPO, equity shares of the Company got listed and commenced trading on the BSE Limited and the National Stock Exchange of India Limited on December 30, 2019. Post the issue, 63.25% of Equity Share Capital of the Company is held by the Promoter and Promoter Group. A newly constructed plant was set up at Jaipur, Rajasthan, which commenced production for pipe manufacturing in September, 2019 and the Jaipur plant's capacity expanded to 20,909 TPA as on 31st March, 2020. In June 2020, the Company launched StoreFit water tanks as part of its introductory range of overhead water storage solutions. It also launched 4 additional products including EASYFIT RE specially designed to divert wastewater into a system where it can be recycled, CABLEFIT pipes manufactured using ultra-modern hi-tech machines for India's rapidly growing infrastructural needs and GREENFIT PP-R systems designed for hot & cold water plumbing systems in buildings & Industrial piping installations. In September 2020, Company announced a collaboration with Lubrizol [headquartered in the US] - the world's largest manufacturers and inventors of CPVC compounds. It also announced a technical collaboration in July 2020 with Tooling Holland BV [based in The Netherlands] - a global leader in plastic mould manufacturing association. To scale up distribution and penetration in Southern India, the newest integrated pipes and fittings manufacturing facility was launched in Telangana in September 2020 with a total estimated installed capacity of 51,943 tons per annum. In January 2021, the Company opened its seventh manufacturing facility in Sangareddy, Telangana. In 2021-22, the Company expanded the portfolio by launching new products like PE-FIT Aqua - HDPE Piping Systems that finds application in Potable Water City Pipe Network, Drip, Sprinkler and Lift Irrigation, Industrial Effluents, Infrastructure Projects, Government projects, Bore Well Application for Submersible Pumps, Mining Sector for Handling Slurries. CORFIT Manhole Chambers was launched at Plumbex India in New Delhi. In November 2022 and January 2023, the Company launched 3 key products in Modern Plumbing division, by introducing Skolan Safe, a Premium Polypropylene (PP) Silent Drainage System, Prince HT Safe PP Low Noise Drainage System and Prince Hauraton - a modern range of Surface Drainage solutions. In 2023, it diversified into the Bathware segment with the launch of Prince Bathware - a new, unique collection of faucets, showers, sanitaryware and accessories.

Managing Director

Jayant Shamji Chheda

Founded

1987

NSE Symbol

PRINCEPIPE

Prince Pipes & Fittings Ltd Management

NameDesignation
Jayant Shamji ChhedaExecutive Chairman & M.D.
Parag Jayant ChhedaED / Joint MD / Promoter
Vipul Jayant ChhedaExecutive Director
Ramesh D ChandakIndependent Non Exe. Director
Uma Manoj MandavganeIndependent Non Exe. Director
Dilip DeshpandeIndependent Non Exe. Director
Rajendra V GogriIndependent Non Exe. Director
Amisha VoraIndependent Non Exe. Director

Prince Pipes & Fittings Ltd News

Indices trade with major gains; metal shares advance
Prince Pipes gains on inking pact with Klaus Waren Fixtures to acquire Aquel brand
Prince Pipes & Fittings jumped 2.17% to Rs 541.35 after the company has entered into asset purchase agreement with Klaus Waren Fixtures and NM Shah for the purchase of certain assets in two tranches.
Prince Pipes & Fittings standalone net profit rises 6.33% in the December 2023 quarter
Sales decline 12.36% to Rs 618.62 crore
Prince Pipes & Fittings to conduct board meeting
On 5 February 2024
Volumes jump at Prince Pipes & Fittings Ltd counter
Prince Pipes & Fittings Ltd saw volume of 98.27 lakh shares by 14:14 IST on NSE, a 73.42 fold spurt over two-week average daily volume of 1.34 lakh shares
Prince Pipes spurts after strong Q2 performance
Prince Pipes & Fittings jumped 13.61% to Rs 710.00 after the company reported net profit of Rs 70.63 crore in Q2 FY24 as against a net loss of Rs 24.11 crore recorded in Q2FY23.
Prince Pipes & Fittings Ltd leads gainers in 'A' group
Gujarat Mineral Development Corporation Ltd, Hindustan Petroleum Corporation Ltd, NLC India Ltd and TVS Srichakra Ltd are among the other gainers in the BSE's 'A' group today, 08 November 2023.
Volumes soar at Prince Pipes & Fittings Ltd counter
Prince Pipes & Fittings Ltd clocked volume of 1.16 lakh shares by 10:48 IST on BSE, a 8.27 times surge over two-week average daily volume of 14023 shares
Prince Pipes & Fittings reports standalone net profit of Rs 70.63 crore in the September 2023 quarter
Sales rise 3.14% to Rs 656.45 crore
Prince Pipes & Fittings schedules board meeting
On 7 November 2023

Similar Stocks

CompanyMarket CapMarket PriceP/E Ratio
ASTRAL₹ 53,385 Cr
₹ 1,987.35
(0.90 %)
94.23
SUPREMEIND₹ 52,018 Cr
₹ 4,095.10
(1.29 %)
51.32
FINPIPE₹ 15,490 Cr
₹ 249.65
(0.97 %)
34.30
SAFARI₹ 10,077 Cr
₹ 2,066.50
(1.65 %)
67.01
RESPONIND₹ 7,641 Cr
₹ 286.60
(0.24 %)
301.37

Prince Pipes & Fittings Ltd FAQ

By opening a demat account and having your KYC papers confirmed online, you may simply purchase Prince Pipes & Fittings Ltd shares in BlinkX

The share price of any stock is volatile and changes during the day due to a variety of variables. Prince Pipes & Fittings Ltd's share price is ₹605.15 as of April 16, 2024

The 52-week high/low price of a Prince Pipes & Fittings Ltd stock is the highest and lowest price at which it has traded over that period (about one year) and is used as a technical indicator. Prince Pipes & Fittings Ltd's 52-week high and low as of April 16, 2024 are ₹616.65 and ₹593.1 respectively.

As of the Dec 2023 quarter, the promoter shareholding in Prince Pipes & Fittings Ltd stands at 60.94%. During the same period, Institutional Investors have shown a slight increase in their holdings, rising from 5.01% to 5.74%.