Prince Pipes - Strong Record Of Peer Leading Volume Growth: HDFC Securities Retail Research Initiates Coverage

BQ Blue’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 BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..HDFC Securities Retail Research Report.Prince Pipes and Fittings (PPFL) is India's sixth largest plastic pipe manufacturer with a strong track record of industry leading volume growth. It has reported a 10-year revenue and volume growth of CAGR 17% and 10% respectively (despite weak FY21). The company has three decades of experience in polymer pipes segment. Its product portfolio encompasses all four different polymers which includes UPVC, CPVC, PPR and HDPE. In has the largest range of 7200 SKUs across multiple polymers with a strong presence in retail channel comprising of almost 90% of its overall revenues which are mainly driven by over 1500+ distributors across India (~80% are exclusive in nature). Apart from this, it has a strong presence on margin accretive fittingsspace. PPFL has one of the highest fittings to Pipes ratio in the industry with contribution from fittings at ~35% of the revenue as on FY21. PPFL products have varied applications across sewage, drainage and agri piping systems which comprises of plumbing systems, borewell, agriculture pipes, water storage tanks, industrial piping, and electrical conduit pipes etc. Agriculture segment comprises of ~1/3rd of its revenue while high margin CPVC segment stood at 22% as on FY21..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint 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 BloombergQuint.Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Prince Pipes - Strong Record Of Peer Leading Volume Growth: HDFC Securities Retail Research Initiates Coverage

Prince Pipes & Fittings - Strong Record Of Industry Leading Volume Growth: HDFC Securities Retail Research Initiates Coverage.

Choose a plan