Prince Pipes & Fittings Ltd Share Price – NSE /  BSE

Plastic products, Small Cap

Prince Pipes & Fittings will hold a meeting of the Board of Directors of the Company on 21 May 2025.

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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.

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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)

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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.

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