Prince Pipes & Fittings Ltd Share Price – NSE /  BSE

Plastic products, Small Cap

Prince Pipes & Fittings (PPFL) today announced the launch of its eighth manufacturing facility in Begusarai, Bihar. Through this launch, PPFL expands its pan-India manufacturing presence, makes greater in-roads into the high growth east market and strengthens its position as a leading manufacturer of high quality plastic pipes and fittings.

The state-of-the-art manufacturing unit is expected to have a total installed capacity of approximately 60,000 metric tons per annum to come up in phases over the next 6 to 9 months. The first phase has a production capacity of approx. 24,000 metric tons per annum, producing PVC and CPVC pipes and fittings. The facility will cater to eastern markets, as PPFL aggressively continues to expand its pan-India marketing, distribution, and manufacturing presence. The Company's other plants are located in Sangareddy (commissioned in 2021), Jaipur, Kolhapur, Chennai, Haridwar, Dadra and Athal.

Powered by Capital Market - Live News

Prince Pipes & Fittings has received reaffirmation in credit ratings from CRISIL for debt instruments of the company amounting to Rs 768 crore.

Long term rating - Crisil A+/Negative (Outlook revised from 'Stable'; Rating Reaffirmed)

Short term rating - Crisil Al+ (Reaffirmed)

Powered by Capital Market - Live News

The agency has reaffirmed the company’s short-term rating at 'Crisil A1+’.

The rating action follows Crisil Ratings expectation that the weak pricing trends in polyvinyl chloride (PVC) resin, and sluggish demand from the end user sector, will continue to impact the business risk profile of the company over the medium term.

The company has already witnessed a subdued revenue growth and weakened profitability in 9M FY25, with Q3 2025 witnessing significant headwinds. During 9MFY25, PPFL faced margin erosion, with EBITDA margins falling below 6% where in, same was at 11.77% during similar period of FY24.

Despite ongoing challenges, a gradual recovery in demand, supported by improving real estate activity and a pickup in infrastructure spending could be a monitorable for the revenues and operating margin improvement.

The ratings continue to reflect the established market position on back of strong business risk profile, strong financial risk profile and ample liquidity.

These rating strengths are partially offset by susceptibility of profitability to fluctuations in raw material prices: and forex rates and exposure to intense competition.

Prince Pipes and Fittings is a Mumbai-based company and engaged in manufacturing of plastic pipes and fittings using four different polymers: UPVC, CPVC, PPR and HDPE.

The scrip rose 1.64% to currently trade at Rs 275.65 on the BSE.

Powered by Capital Market - Live News

Prince Pipes & Fittings has received reaffirmation in credit ratings from CRISIL for debt instruments of the company amounting to Rs 768 crore.

Long term rating - Crisil A+/Negative (Outlook revised from 'Stable'; Rating Reaffirmed)

Short term rating - Crisil Al+ (Reaffirmed)

Powered by Capital Market - Live News

The agency has reaffirmed the company’s short-term rating at 'Crisil A1+’.

The rating action follows Crisil Ratings expectation that the weak pricing trends in polyvinyl chloride (PVC) resin, and sluggish demand from the end user sector, will continue to impact the business risk profile of the company over the medium term.

The company has already witnessed a subdued revenue growth and weakened profitability in 9M FY25, with Q3 2025 witnessing significant headwinds. During 9MFY25, PPFL faced margin erosion, with EBITDA margins falling below 6% where in, same was at 11.77% during similar period of FY24.

Despite ongoing challenges, a gradual recovery in demand, supported by improving real estate activity and a pickup in infrastructure spending could be a monitorable for the revenues and operating margin improvement.

The ratings continue to reflect the established market position on back of strong business risk profile, strong financial risk profile and ample liquidity.

These rating strengths are partially offset by susceptibility of profitability to fluctuations in raw material prices: and forex rates and exposure to intense competition.

Prince Pipes and Fittings is a Mumbai-based company and engaged in manufacturing of plastic pipes and fittings using four different polymers: UPVC, CPVC, PPR and HDPE.

The scrip rose 1.64% to currently trade at Rs 275.65 on the BSE.

Powered by Capital Market - Live News

The company's profitability was dented by decline in volumes and carrying cost of inventory.

Revenue from operations fell 6.61% year-on-year to Rs 577.72 crore during the quarter. The revenue was adversely impacted by weak demand environment adversely impacting company and industry volumes.

The company reported pre-tax loss of Rs 4.76 crore as against pre-tax profit of Rs 37.63 crore in Q3 FY24.

EBITDA plunged 96% to Rs 3 crore in Q3 FY25 from Rs 76 crore in Q3 FY24.

Finished goods volumes stood at 14,267 million tonnes (MT), registering de-growth of 3% from 42,665 million tonnes.

Parag Chheda, joint managing director, Prince Pipes and Fittings, said, “Our performance in Q3 was impacted by weak demand environment adversely which impacted company and industry volumes. Low PVC prices in the open market led to low channel inventory by dealers. We expect medium term demand to remain healthy. We are implementing a wide range of multi-channel marketing strategies, brand reinforcement, and customer loyalty initiatives on pan-India basis to enhance customer engagement and actively support the company’s sales and marketing efforts.

Aquel by Prince, our Bathware vertical continues to expand presence across markets and ramping up well across North and West India. Several manufacturing and capex-led growth-oriented efforts including Bihar plant, which will be commissioned in Q4 are underway. Looking ahead, we are optimistic about the future and confident that our strategic initiatives will drive growth and further strengthen our market position.”

Prince Pipes and Fittings is one of India’s largest integrated piping solutions providers and multi polymer manufacturers, based in Mumbai, Maharashtra. It has been engaged in the manufacturing of polymer piping solutions in four types of polymers - CPVC, UPVC, HDPE, and PPR.

Powered by Capital Market - Live News

Prince Pipes & Fittings (PPFL) today announced the launch of its eighth manufacturing facility in Begusarai, Bihar. Through this launch, PPFL expands its pan-India manufacturing presence, makes greater in-roads into the high growth east market and strengthens its position as a leading manufacturer of high quality plastic pipes and fittings.

The state-of-the-art manufacturing unit is expected to have a total installed capacity of approximately 60,000 metric tons per annum to come up in phases over the next 6 to 9 months. The first phase has a production capacity of approx. 24,000 metric tons per annum, producing PVC and CPVC pipes and fittings. The facility will cater to eastern markets, as PPFL aggressively continues to expand its pan-India marketing, distribution, and manufacturing presence. The Company's other plants are located in Sangareddy (commissioned in 2021), Jaipur, Kolhapur, Chennai, Haridwar, Dadra and Athal.

Powered by Capital Market - Live News

Prince Pipes & Fittings has received reaffirmation in credit ratings from CRISIL for debt instruments of the company amounting to Rs 768 crore.

Long term rating - Crisil A+/Negative (Outlook revised from 'Stable'; Rating Reaffirmed)

Short term rating - Crisil Al+ (Reaffirmed)

Powered by Capital Market - Live News

The agency has reaffirmed the company’s short-term rating at 'Crisil A1+’.

The rating action follows Crisil Ratings expectation that the weak pricing trends in polyvinyl chloride (PVC) resin, and sluggish demand from the end user sector, will continue to impact the business risk profile of the company over the medium term.

The company has already witnessed a subdued revenue growth and weakened profitability in 9M FY25, with Q3 2025 witnessing significant headwinds. During 9MFY25, PPFL faced margin erosion, with EBITDA margins falling below 6% where in, same was at 11.77% during similar period of FY24.

Despite ongoing challenges, a gradual recovery in demand, supported by improving real estate activity and a pickup in infrastructure spending could be a monitorable for the revenues and operating margin improvement.

The ratings continue to reflect the established market position on back of strong business risk profile, strong financial risk profile and ample liquidity.

These rating strengths are partially offset by susceptibility of profitability to fluctuations in raw material prices: and forex rates and exposure to intense competition.

Prince Pipes and Fittings is a Mumbai-based company and engaged in manufacturing of plastic pipes and fittings using four different polymers: UPVC, CPVC, PPR and HDPE.

The scrip rose 1.64% to currently trade at Rs 275.65 on the BSE.

Powered by Capital Market - Live News

Prince Pipes & Fittings has received reaffirmation in credit ratings from CRISIL for debt instruments of the company amounting to Rs 768 crore.

Long term rating - Crisil A+/Negative (Outlook revised from 'Stable'; Rating Reaffirmed)

Short term rating - Crisil Al+ (Reaffirmed)

Powered by Capital Market - Live News

The agency has reaffirmed the company’s short-term rating at 'Crisil A1+’.

The rating action follows Crisil Ratings expectation that the weak pricing trends in polyvinyl chloride (PVC) resin, and sluggish demand from the end user sector, will continue to impact the business risk profile of the company over the medium term.

The company has already witnessed a subdued revenue growth and weakened profitability in 9M FY25, with Q3 2025 witnessing significant headwinds. During 9MFY25, PPFL faced margin erosion, with EBITDA margins falling below 6% where in, same was at 11.77% during similar period of FY24.

Despite ongoing challenges, a gradual recovery in demand, supported by improving real estate activity and a pickup in infrastructure spending could be a monitorable for the revenues and operating margin improvement.

The ratings continue to reflect the established market position on back of strong business risk profile, strong financial risk profile and ample liquidity.

These rating strengths are partially offset by susceptibility of profitability to fluctuations in raw material prices: and forex rates and exposure to intense competition.

Prince Pipes and Fittings is a Mumbai-based company and engaged in manufacturing of plastic pipes and fittings using four different polymers: UPVC, CPVC, PPR and HDPE.

The scrip rose 1.64% to currently trade at Rs 275.65 on the BSE.

Powered by Capital Market - Live News

The company's profitability was dented by decline in volumes and carrying cost of inventory.

Revenue from operations fell 6.61% year-on-year to Rs 577.72 crore during the quarter. The revenue was adversely impacted by weak demand environment adversely impacting company and industry volumes.

The company reported pre-tax loss of Rs 4.76 crore as against pre-tax profit of Rs 37.63 crore in Q3 FY24.

EBITDA plunged 96% to Rs 3 crore in Q3 FY25 from Rs 76 crore in Q3 FY24.

Finished goods volumes stood at 14,267 million tonnes (MT), registering de-growth of 3% from 42,665 million tonnes.

Parag Chheda, joint managing director, Prince Pipes and Fittings, said, “Our performance in Q3 was impacted by weak demand environment adversely which impacted company and industry volumes. Low PVC prices in the open market led to low channel inventory by dealers. We expect medium term demand to remain healthy. We are implementing a wide range of multi-channel marketing strategies, brand reinforcement, and customer loyalty initiatives on pan-India basis to enhance customer engagement and actively support the company’s sales and marketing efforts.

Aquel by Prince, our Bathware vertical continues to expand presence across markets and ramping up well across North and West India. Several manufacturing and capex-led growth-oriented efforts including Bihar plant, which will be commissioned in Q4 are underway. Looking ahead, we are optimistic about the future and confident that our strategic initiatives will drive growth and further strengthen our market position.”

Prince Pipes and Fittings is one of India’s largest integrated piping solutions providers and multi polymer manufacturers, based in Mumbai, Maharashtra. It has been engaged in the manufacturing of polymer piping solutions in four types of polymers - CPVC, UPVC, HDPE, and PPR.

Powered by Capital Market - Live News