Constant innovation in plumbing, irrigation, and sewerage technologies.
Motive to revolutionalize the plastic piping industry.
7 manufacturing plants, 11 depots and 1500+ channel partners across India.
High quality plasticizing capacity, due to specially designed screw barrels, ensuring homogeneity of material.
For consistent quality output, processing parameters are precisely controlled.
For increment in production capacity the operating speeds are also higher.
In 2020, Prince pipes collaborated with Lubrizol which is the world’s largest manufacturer and inventor of CPVC compounds.
In 2019, the company launched their biggest manufacturing unit in Jobner, Rajasthan.
Prince pipes received the Economic Times Polymers Award in the year 2017.
Acquisition of two manufacturing plants of Fairfax backed Chemplast Sanmar located at Kolhapur and Chennai, along with Trubore brand.
The company has 4 patented products which shows their keen focus on the Innovation front.
CHART PATTERN: FALLING WEDGE
MOVING AVERAGE:
FOR MORE DETAILS READ THE MOVING AVERAGE SECTION BELOW
SUPER TREND: BUYING SIGNAL
Let’s analyze the business, fundamentals and technicals of Prince pipes.
Table of Contents
BUSINESS ANALYSIS
To cater to the ever increasing water demands of the nation, Prince pipes is constantly innovating in plumbing, irrigation, and sewerage technologies.
The mission of Prince Pipes is to bring a revolution in the plastic piping industry which intends to create a profitable growth and benefit to its customer.
It has 7 manufacturing plants, 11 depots and 1500+ channel partners across India.
Prince pipes has a wide portfolio of products which are categorized as follows:
- Plumbing.
- Underground application products.
- Cable Ducting.
- Industrial.
- Agriculture and Borewell.
- Sewage.
RECENT KEY BUSINESS POINTS
Manufacturing capabilities
Prince pipes have high quality plasticizing capacity, due to specially designed screw barrels, ensuring homogeneity of material.
For consistent quality output, processing parameters are precisely controlled.
For increment in production capacity the operating speeds are also higher.
Important events
In 2020, Prince pipes collaborated with Lubrizol which is the world’s largest manufacturer and inventor of CPVC compounds.
In 2019, the company launched their biggest manufacturing unit in Jobner, Rajasthan.
Prince pipes received the Economic Times Polymers Award in the year 2017.
Acquisition of two manufacturing plants of Fairfax backed Chemplast Sanmar located at Kolhapur and Chennai, along with Trubore brand.
The company has 4 patented products which shows their keen focus on the Innovation front.
Now, coming to the finances of the Prince Pipes.
FINANCIAL KEY METRICS
The Market Capitalization of Prince pipes is ₹ 7,895 Cr.
Prince pipes has a price to earnings ratio of 34.6 which is greater than the industry price to earnings ratio of 23.4 indicating that Prince pipes share price is a bit higher as compared to the earnings it is producing.
The return on capital employed of the Prince pipes is 28.8% which is superb and shows that the company is providing awesome returns on the capital invested in it.
The return on equity of Prince pipes is 23.8% showcasing the company’s great return on the investment done by their investors.
The debt to equity ratio of Prince pipes is 0.08 which is almost negligible.
In the last 5 years, the company has delivered a great profit growth of 49.72% CAGR.
FINANCIAL ANALYSIS
For the quarter ended 30-06-2021, Prince pipes share price reported a sales of Rs 311 Cr.
The sales of the company were down by almost 40% from last quarter sales of Rs 761 Cr which gives a hint that there is a great scope for the company to improve its sales and bounce back with great momentum.
The net profit of Prince pipes share price was Rs 18 Cr in the latest quarter ended 30-06-2021.
The earning per share of the company is Rs 1.61 which is as per the quarter ended 30-06-21.
SHARE HOLDING SYNOPSIS
PROMOTERS – 63.25%.
FIIs – 3.05%.
DIIs – 12.46%.
PUBLIC – 21.24%.
Prince pipes stands tall at 4th position as per the current market capitalization.
This is a brief overview of the financials of the Prince pipes share price which shows the dominance in their respective market.
Now, let’s deep dive into the technicality of Prince pipes share price.
CHART PATTERN ANALYSIS OF PRINCE PIPES SHARE PRICE
If we take a closer look at the chart in a daily time frame, a falling wedge pattern is formed.
The breakout is achieved, and the share price has moved in upward direction for 2 consecutive sessions.
For Prince pipes share price there is 1 target as stated in the above image.
The Prince pipes share price on 9th September 2021 is Rs 718.
MOVING AVERAGE OF PRINCE PIPES SHARE PRICE
For Prince pipes share price analysis, we are taking 20, 50, 100 and 200 days moving average.
Longer duration moving averages such as 100 days and 200 days helps a trader or investor to predict the trend of the stock.
As the 20 days moving average has crossed the 50 days moving average there is a chance of great uptrend.
The following colors represent the respective moving averages in the chart:
Red: 20 days moving average.
Pink: 50 days moving average.
Green: 100 days moving average.
Black: 200 days moving average.
SUPER TREND OF PRINCE PIPES SHARE PRICE
The super trend for Prince pipes share price is suggesting a buying signal in the daily timeframe.
DISCLAIMER:
At bottom of this page you’ll find an important disclaimer.