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

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

Prince Pipes PVC Plumbing fittings for hot and cold water. (Image: Company website)
Prince Pipes PVC Plumbing fittings for hot and cold water. (Image: Company website)
Prince Pipes expects to deliver high single-digit volume growth in FY26, although management acknowledged that near-term demand visibility remains weak. The company’s strategy is firmly focused on margin expansion, led by an improved product mix and increasing CPVC contribution (currently ~22-25% of volumes). Notably, the current quarter already reflects an improved margin profile compared to the preceding period.
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