Prince Pipes Navigating Growth Amid Challenges Says Motilal Oswal, Maintaining Buy; Sees Upto 31% Upside

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. 

Motilal Oswal Report

Prince Pipes And Fittings Ltd. is navigating a challenging demand environment, and the delayed anti-dumping duty decision has caused uncertainty across the trade channel.

However, the company’s medium-term growth remains intact thanks to new capacity in Bihar, CPVC expansion, margin accretion on higher utilization and better product mix, and improving demand in Tier-2/3 markets.

We expect ~12% volume CAGR over FY25-28, along with margin expansion, as operating leverage and product mix benefits play out.

Structural demand drivers such as government housing schemes, plumbing upgrades, and GST cuts should provide tailwinds in H2 FY26 and beyond.

We maintain Buy with a target price of Rs 440 (based on 30x FY27E EPS).

Click on the attachment to read the full report:

DISCLAIMER

This report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.