Sector Alpha Week of 2026-07-31
Sector Alpha — machine-written from the numbers · Data as of 2026-07-31

Prince Pipes & Fittings Ltd

PRINCEPIPE
Building Materials - Plastic Pipes

Prince Pipes & Fittings Ltd's earnings have outrun its stock. EPS grew +69.7% in a year against a −21.5% price move.

The sharpest disagreement: annual EPS moved +69.7% against a −21.5% price move — the market has not yet caught up with the delivery.

The price is in a downtrend (100 weeks in) while the P/E sits at the 60th percentile of its own 7-year range. Underneath, the last four quarters read improving — profit +133.3% year on year, and 228% of the last 3 years' profit arrived as cash. What settles it: whether the price catches up with earnings that have already moved.

Stage
Mixed
fundamental trajectory, 12 quarters
Price
₹264
−21.5% 1Y
P/E
38.8×
60th pctile
of its own 7-year range
Revenue (Mar 26)
₹850 Cr
+18.1% YoY
Profit (Mar 26)
₹56.0 Cr
+133.3% YoY
Operating margin
13.0%
+5.0 pp YoY
ROCE
6%
FY26
ROIC
6.7%
vs WACC 12.0% → −5.3 pp
Cash conversion
228%
of profit, last 3 FY
01 · Price story

Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.

Prince Pipes & Fittings Ltd trades at ₹264, in a downtrend and 100 weeks into that stage. That is −4.5% against its own 200-day average. It sits at 38% of a 52-week range of ₹218 to ₹341. On relative strength it is currently behind the NIFTY 500 on a trailing-13-week view (3 weeks and counting).

Today the stock is in a downtrend — week 100 of stage 4, confirmed. At ₹264 it trades −4.5% versus its 200-day average and sits at 38% of its 52-week range (₹218–₹341).

Jul 26: ₹264 Weekly closing price (₹) with 50- and 200-day averages; shaded bands mark the price stage (grey base, green advance, amber top, red decline). 3-year window.
−4.5% versus the 200-day line, week 100 of stage 4
Price50-day avg200-day avg
S2S4S4₹785₹633₹481₹328₹176₹264₹276Jul 23May 24Feb 25Nov 25Jul 26
S2S4S4₹785₹633₹481₹328₹176₹264₹276Jul 23Feb 25Jul 26
Beating or trailing, week by week since 2020 Each cell is one week from 2020 to now (347 weeks): the stock's trailing 13-week return minus the NIFTY 500's, green ahead / red behind (±25% ramp). Grey cells are the 13-week warm-up or weeks where the NIFTY 500 reading is not held.
trailing 13-week return vs the NIFTY 500
Jan 20Jul 26

Against the market, two honest reads. Cumulative: over the last 6.6 years the stock moved +74% while the NIFTY 500 moved +140% — behind the index over the full window. Recent form: on a trailing-13-week view the stock is currently behind (3 weeks and counting; last ahead the week of 2026-07-10) — the ribbon below is that same metric, week by week.

What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.

02 · Valuation

Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.

Prince Pipes & Fittings Ltd trades at 38.8× P/E, mid-range by its own standards (60th percentile). Its long-run median P/E is 36.2×, measured across 6.6 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.

Today's P/E of 38.8× is mid-range by its own standards (60th percentile), against a long-run median of 36.2× measured over 6.6 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.

P/E 38.8× vs a 36.2× long-run median P/E, weekly (left axis); earnings per share, trailing twelve months, weekly (right axis). 6.6-year window; loss-period spikes above 109× shown pinned at the top. The eps (ttm) bars are red where the reading is lower than the quarter before.
mid-range by its own standards (60th percentile)
P/EMedianEPS (TTM) (quarterly)
116.6×₹25.387.6×₹19.058.5×₹12.729.5×₹6.30.0×₹0.0×38.80×₹7Jan 20Aug 21May 23Dec 24Jul 26
116.6×₹25.387.6×₹19.058.5×₹12.729.5×₹6.30.0×₹0.0×38.80×₹7Jan 20May 23Jul 26
PEG 1.95 PEG ratio per quarter — the P/E divided by the earnings-growth rate. The dashed line marks 1.0: below it the growth is cheap against the multiple, above it the price already prices the growth in. Last 9 quarters.
above 1.0, the multiple already banks the growth
PEGPEG = 1.0
2.0×1.8×1.5×1.2×0.9××1.95×Q4 FY24Q2 FY25Q4 FY25Q2 FY26Q4 FY26
2.0×1.8×1.5×1.2×0.9××1.95×Q4 FY24Q4 FY25Q4 FY26
P/E
38.8×
60th percentile of 7y
PEG
1.10
derived from 3-year earnings growth

Why the multiple sits where it does: over the past year annual EPS moved +69.7% against a −21.5% price move — earnings outran the price, pushing the multiple DOWN its own range.

The price move, decomposed: over 5y, of the −17.4%/yr price move, ~−19.5%/yr came from earnings growth and ~+2.1 pp from the multiple (expanding). The split is the honest approximate (price return minus earnings growth); it makes the rally itself visible instead of hiding it behind the percentile.

Put together: the multiple is unremarkable against its own past, so the story rests on the earnings line underneath it, not the multiple.

03 · Stage: Mixed

Stage: Mixed Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).

Prince Pipes & Fittings Ltd reads as mixed on its fundamental arc. Mixed — no clean majority across the growth curves, ROCE holding at 3.6% — the per-curve reads carry the story. The read is built from 12 quarters across 4 curves, on full evidence.

Growth, year by year: revenue +2.9% in FY26, profit +69.8% Year-over-year growth per fiscal year, %: revenue (left axis); net profit and EPS (right axis — profit growth swings far wider). Zero line drawn.
Revenue YoYProfit YoYEPS YoY
31%188%21%117%12%46%1.8%−25%−7.9%−96%%%2.9%69.8%FY16FY21FY26
31%188%21%117%12%46%1.8%−25%−7.9%−96%%%2.9%69.8%FY16FY21FY26
Three growth curves, twelve quarters Year-on-year growth of trailing-twelve-month revenue (left axis), profit and EPS (right axis — they swing far wider), % at each quarter-end. A missing point means that reading is not held for the quarter.
the trajectory the stage is read from · revenue stabilising, profit accelerating
RevenueProfitEPS
3.9%108%0.4%55%−3.1%2.8%−6.7%−50%−10%−102%%%2.9%68.2%69.7%Jun 23Sep 24Mar 26
3.9%108%0.4%55%−3.1%2.8%−6.7%−50%−10%−102%%%2.9%68.2%69.7%Jun 23Sep 24Mar 26
ROCE Trailing-twelve-month operating profit (before interest and tax) as a share of average capital employed — total assets minus current liabilities, the standard textbook basis, %.
the return curve, computed quarterly
ROCE
24%18%13%6.9%1.2%%3.6%Jun 23Dec 23Sep 24Jun 25Mar 26
24%18%13%6.9%1.2%%3.6%Jun 23Sep 24Mar 26
Revenue growth
Stuck low
latest +2.9% · span −9.2% to +2.9%
Profit growth
Flat
latest +68.2% · span −87.3% to +93.3%
EPS growth
Flat
latest +69.7% · span −87.6% to +91.7%
ROCE
Stuck low
latest 3.6% · span 2.8%–22.5%

Why it matters: when the curves disagree, the per-curve reads above matter more than any single verdict.

The latest quarter’s profit carries a one-off item larger than the operating base, so the profit curve is shown but does not vote in the stage call.

Compound annual growth rate (%) Compound annual growth rate over each window, %. Revenue, profit and EPS from fiscal-year figures; share price is the price CAGR over the same spans. A dash = that window is not held, or the base was a loss.
1yr3yr5yr10yr
Revenue+2.9%−1.4%+4.6%+9.9%
Profit+69.8%−15.5%−19.9%+9.3%
EPS+69.7%−15.5%−20.0%+0.7%
Share price−21.5%−26.3%−17.4%
Revenue YoY (Mar 26)
+18.1%
latest quarter vs a year ago
Profit YoY (Mar 26)
+133.3%
latest quarter vs a year ago
Revenue 10y
9.9%
long-run compound pace
04 · 4-Factor Sector Score

4-Factor Sector Score

49.4/100 — rank 2 of 5 in Building Materials - Plastic Pipes · 87% evidence confidence

Prince Pipes & Fittings Ltd scores 49.4 out of 100 against the 5 companies it is compared with in Building Materials - Plastic Pipes, ranking 2. Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -22.9% and the one-year return is -19.8%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth.

The four contributions add to the total exactly: 24.5 + 6.9 + 13.4 + 4.6 = 49.4. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.

What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.

05 · Revenue

Revenue Revenue is the top line: everything the company billed its customers in the period.

Prince Pipes & Fittings Ltd reported ₹850 Cr of revenue in the Mar 26 quarter, +18.1% year on year. Over 10 years it has compounded at 9.9% a year. The last full year, FY26, came in at ₹2,598 Cr. The last four reported quarters add to ₹2,598 Cr.

FY26 revenue came in at ₹2,598 Cr (+2.9% on the year), capping 10 years at 9.9% compound. The latest quarter (Mar 26) printed ₹850 Cr, +18.1% year on year.

FY26 revenue ₹2,598 Cr (+2.9% YoY) Revenue bars, ₹ Cr (left); YoY growth-% line (right). 11-year window. A bar is red when it is lower than the year before.
9.9% a year over 10 years
RevenueYoY growth
2.9k31%2.2k21%1.5k12%7321.8%0−7.9%₹ Cr%₹2,5982.9%FY16FY21FY26
2.9k31%2.2k21%1.5k12%7321.8%0−7.9%₹ Cr%₹2,5982.9%FY16FY21FY26
Mar 26: ₹850 Cr (+18.1% YoY) Quarterly revenue bars, ₹ Cr (left); YoY growth-% line (right). Last 12 quarters. A bar is red when it is lower than the quarter before.
Revenue (quarterly)YoY growth
91821%68912%4592.9%230−5.9%0−15%₹ Cr%₹85018.1%Jun 23Sep 24Mar 26
91821%68912%4592.9%230−5.9%0−15%₹ Cr%₹85018.1%Jun 23Sep 24Mar 26

Pace check: the last four quarters averaged +2.2% growth against the decade's 9.9% — the current year is running slower than its own long-run rate.

Acceleration check: trailing-twelve-month revenue grew +2.9% over the last 4 quarters against +0.6%/yr over the last 8 — stabilising; TTM profit +68.2% vs −36.6%/yr — accelerating.

06 · Operating margin

Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.

Prince Pipes & Fittings Ltd's operating margin is 13.0% in the Mar 26 quarter, +5.0 percentage points against the same quarter a year ago. Across 12 fiscal years the operating margin has ranged 6.0% to 18.0%. The current quarter sits inside that band.

The latest quarter's operating margin is 13.0%, +5.0 pp against the same quarter a year ago. Across 12 fiscal years the operating margin has ranged 6.0%–18.0%.

Why the margin moved: operating margin went +5.3 pp year on year while gross margin went +3.8 pp — the gain came mostly from the gross line: input costs and pricing.

FY26: 9.0% Operating margin by fiscal year, %, line (left); year-on-year change in the margin, in percentage points, line (right). 12-year window.
within a 6.0–18.0% band over 12 years
operating marginYoY change (pp)
19%4.9%15%1.7%12%−1.5%8.5%−4.7%5.0%−7.9%%%9%3%FY15FY20FY26
19%4.9%15%1.7%12%−1.5%8.5%−4.7%5.0%−7.9%%%9%3%FY15FY20FY26
Mar 26: 13.0% operating margin (+5.0 pp YoY) Quarterly operating margin, %, line (left); year-on-year change in the margin, in percentage points, line (right). Last 12 quarters. Operating profit as a share of revenue, per quarter.
Operating marginYoY change (pp)
15%6.3%11%1.6%7.4%−3.1%3.6%−7.8%−0.3%−12%%%13%5%Jun 23Sep 24Mar 26
15%6.3%11%1.6%7.4%−3.1%3.6%−7.8%−0.3%−12%%%13%5%Jun 23Sep 24Mar 26
07 · Net profit

Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.

Prince Pipes & Fittings Ltd earned ₹56.0 Cr of net profit in the Mar 26 quarter, +133.3% year on year. Full-year FY26 profit was ₹73.0 Cr. The 10-year compound rate is 9.3%. That is 6.6% of the quarter's revenue. The same quarter a year earlier earned ₹24.0 Cr. 2 of the last 12 reported quarters were loss-making.

Mar 26 profit was ₹56.0 Cr, +133.3% year on year. On the full year, FY26 printed ₹73.0 Cr (+69.8%), and the 10-year compound rate is 9.3%.

FY26 profit ₹73.0 Cr (+69.8% YoY) Net profit bars, ₹ Cr (left); YoY growth-% line (right). 11-year window. A bar is red when it is lower than the year before.
9.3% a year over 10 years
Net profitYoY growth
269165%202100%13435%67−30%0−94%₹ Cr%₹7369.8%FY16FY21FY26
269165%202100%13435%67−30%0−94%₹ Cr%₹7369.8%FY16FY21FY26
Mar 26: ₹56.0 Cr (+133.3% YoY) Quarterly net profit bars, ₹ Cr (left); YoY growth-% line (right). Last 12 quarters. A bar is red when it is lower than the quarter before.
Net profit (quarterly)YoY growth
78156%5273%26−9.6%0−93%−27−175%₹ Cr%₹56133.3%Jun 23Sep 24Mar 26
78156%5273%26−9.6%0−93%−27−175%₹ Cr%₹56133.3%Jun 23Sep 24Mar 26

Why profit moved: revenue contributed +18.1% and the margin +5.0 pp — the quarter was margin-led: most of the profit growth came from keeping more of each sale.

Pace comparison, last four quarters: profit +17.8% vs revenue +2.2%. Profit is growing faster than sales — fixed costs are being spread over a bigger base, and each extra rupee of revenue drops more to the bottom line.

08 · Cash flow — the router

Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.

Over the last 3 fiscal years 228% of Prince Pipes & Fittings Ltd's reported profit arrived as operating cash — the cash follows the profit. In FY26 that was ₹526 Cr of operating cash against ₹73.0 Cr of profit. After ₹242 Cr of capital spending, ₹284 Cr was left as free cash.

FY26: operating cash of ₹526 Cr against reported profit of ₹73.0 Cr, leaving free cash of ₹284 Cr after ₹242 Cr of capital spending. Across the last 3 fiscal years the conversion rate is 228% of profit.

Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.

FY26: CFO ₹526 Cr vs profit ₹73.0 Cr Operating cash flow and net profit by fiscal year, ₹ Cr; the line is free cash flow (CFO minus capital spending). 11-year window, annual resolution.
228% of 3-year profit arrived as cash
Operating cashNet profitFree cash
583376170−36−243₹ Cr₹526₹73₹284FY16FY21FY26
583376170−36−243₹ Cr₹526₹73₹284FY16FY21FY26
FY26: CFO = 721% of profit (three-year rate 228%) Operating cash as a share of net profit, per fiscal year, % (line). Dashed line = 100% — every unit of profit arriving as cash; outlier years shown pinned.
Conversion100%
325%235%146%57%−33%%300%FY16FY21FY26
325%235%146%57%−33%%300%FY16FY21FY26

Why conversion sits at 228%: the cash cycle stretched 36 days between FY21 and FY26 — more of each rupee of profit waits inside the cycle before arriving.

Router verdict: the bigger cash user is investment — capital spending ran 2.2× depreciation over three years, so the next section's job is to check what that build-out is buying.

09 · Where the cash goes

Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).

Prince Pipes & Fittings Ltd's cash conversion cycle runs 71 days in FY26, up from 35 days in FY21. Capital spending ran ₹716 Cr over the last 3 years. At FY26 sales of ₹2,598 Cr each day of that cycle holds about ₹7.1 Cr, so roughly ₹505 Cr sits inside the business at any moment.

FY26: debtors at 51 days, inventory at 95 days — roughly 3.1 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of 71 days, looser than FY21's 35.

The full loop: cash goes out to suppliers and production on day 0; stock waits 95 days to sell; customers pay about 51 days after that; and suppliers themselves are paid at 76 days — netting out to the 71-day cycle.

In money terms: at FY26 sales of ₹2,598 Cr, each day of the cycle holds about ₹7.1 Cr — so the 71-day loop keeps roughly ₹505 Cr sitting inside the business at any moment.

FY26: a 71-day cash cycle Debtor days, inventory days, payable days and the cash conversion cycle by fiscal year. 12-year window.
+36 days vs FY21
Cash cycleInventory daysDebtor daysPayable days
137109825527days71d95d51d76dFY15FY17FY20FY23FY26
137109825527days71d95d51d76dFY15FY20FY26

On the investment side: capital spending of ₹716 Cr over the last 3 fiscal years against ₹329 Cr of depreciation — the company is building well ahead of wear-and-tear. Capital work-in-progress stands at ₹24.0 Cr (FY26) — capacity paid for but not yet earning.

FY26: capex ₹242 Cr, work-in-progress ₹24.0 Cr Capital spending per fiscal year, ₹ Cr (bars); capital work-in-progress, ₹ Cr (line). Quarterly capital-spending history is not held for India — annual is the honest resolution.
a build-out
CapexWork-in-progress
275207138690₹ Cr₹242₹24FY16FY18FY21FY23FY26
275207138690₹ Cr₹242₹24FY16FY21FY26

The synthesis: the cash is going into capacity, not disappearing into the cycle — the question becomes whether the new capacity earns.

10 · Return on capital

Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.

Prince Pipes & Fittings Ltd earns a ROCE of 6% in FY26. That is up from a trough of 4% in FY25. Return on invested capital clears the cost of that capital by −5.3 percentage points, so growth here is not yet paying for the capital it uses. The wiring behind it is 2.8% net margin on 1.07× asset turns.

FY26 ROCE is 6%, recovered from a FY25 trough of 4% — the full ladder below shows the fall and the climb, undoctored.

🚨 Why the return is what it is — the wiring (FY26): 2.8% net margin × 1.07× asset turns × 1.47× balance-sheet leverage ≈ 4.4% on equity. Margin does its share; leverage is modest — this is an earned return, not a borrowed one.

The capstone test — ROIC − WACC: 6.7% − 12.0% = a −5.3 pp spread. The 12.0% is a standing assumption for the cost of capital in India, not a per-stock estimate — read the sign and the size of the spread, not the decimals. Negative — growth at these returns destroys value until the returns recover.

FY26: ROCE 6% Return on capital employed by fiscal year, % (line); ROIC by fiscal year, % (line). 11-year window, dips included. Dashed line = the 12.0% cost of capital used on this page.
the climb back from FY25's 4%
ROCEROIC (annual)WACC
31%23%16%8.1%0.4%%6%4.6%FY16FY21FY26
31%23%16%8.1%0.4%%6%4.6%FY16FY21FY26
Q4 FY26: ROCE 5.8% (TTM) vs WACC 12.0% Trailing-twelve-month ROCE and ROIC, per quarter, %; dashed line = the cost of capital. Last 12 quarters, put on a trailing-twelve-month basis and anchored to the annual figure.
ROCE (TTM)ROIC (TTM)WACC
20%15%9.7%4.8%0.0%%5.8%5.6%Q1 FY24Q2 FY25Q4 FY26
20%15%9.7%4.8%0.0%%5.8%5.6%Q1 FY24Q2 FY25Q4 FY26
11 · Debt

Debt Debt-to-equity says how much of the business is funded by borrowings. Low is the safe corner; the trend matters as much as the level.

Prince Pipes & Fittings Ltd carries total debt of ₹145 Cr against shareholder equity of ₹1,645 Cr as of Mar 26, a debt-to-equity of 0.09 — effectively unlevered. On the annual view that ratio went from 0.12 in FY22 to 0.09 in FY26. The returns elsewhere on this page are therefore earned rather than borrowed.

Mar 26: total debt of ₹145 Cr against shareholder equity of ₹1,645 Cr — a debt-to-equity of 0.09. On the annual view, debt-to-equity went from 0.12 (FY22) to 0.09 (FY26). The returns on this page are earned, not borrowed.

FY26: debt ₹145 Cr at 0.09× equity Total debt by fiscal year, ₹ Cr (bars); debt-to-equity, × (line). 5-year window.
Total debtDebt-to-equity
2990.19×2240.15×1500.11×750.08×00.04×₹ Cr×₹1450.09×FY22FY24FY26
2990.19×2240.15×1500.11×750.08×00.04×₹ Cr×₹1450.09×FY22FY24FY26
Mar 26: debt ₹145 Cr, debt-to-equity 0.09 Total debt per quarter, ₹ Cr (bars); debt-to-equity, × (line). Last 12 quarters. India reports the full balance sheet half-yearly, so the intervening quarter carries the prior reading forward.
Total debt (quarterly)Debt-to-equity
2990.19×2240.15×1500.11×750.07×00.03×₹ Cr×₹1450.09×Jun 23Sep 24Mar 26
2990.19×2240.15×1500.11×750.07×00.03×₹ Cr×₹1450.09×Jun 23Sep 24Mar 26
12 · Ownership

Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.

Foreign institutions cut 3.4 points of Prince Pipes & Fittings Ltd over 8 quarters, the biggest move on the register. That takes foreign institutions to 3.1% of the company. Domestic institutions moved −3.0 points over the same window, to 15.3%. The register is read on the four disclosed classes only; nothing is inferred between filings.

The register over the last two years — Foreign institutions: −3.4 points over 8 quarters to 3.1%; Domestic institutions: −3.0 points over 8 quarters to 15.3%; Promoters: +0.0 points over 8 quarters to 61.0%.

🚨 Why the register moved: foreign institutions drove it (−3.4 points), alongside domestic institutions (−3.0 points) — distribution into the market’s bid.

Fiscal-year ends: promoters +0.0 pts from Mar 24 to Mar 26 Shareholding at each fiscal-year end (March quarter), % of the company. 3 year-ends held.
PromotersForeign inst.Domestic inst.Public
66%49%32%16%−1.0%%61.0%3.5%15.5%20.0%Mar 24Mar 25Mar 26
66%49%32%16%−1.0%%61.0%3.5%15.5%20.0%Mar 24Mar 25Mar 26
Foreign institutions cut 3.4 points over 8 quarters Shareholding by holder class, % of the company, quarterly, last 13 quarters.
PromotersForeign inst.Domestic inst.Public
66%49%32%15%−1.6%%61.0%3.1%15.3%20.7%Jun 23Dec 24Jun 26
66%49%32%15%−1.6%%61.0%3.1%15.3%20.7%Jun 23Dec 24Jun 26
13 · Safety line

Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.

Prince Pipes & Fittings Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.

The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.

14 · Related companies · Building Materials - Plastic Pipes
CompanyScorePrice stageGrowth & earnings/35Capital efficiency/25Valuation/20Relative strength/20
1Astral LtdASTRAL 53.4/100Mixed-positive evidence93% evidence ASLEEP 18.3/35 Revenue 12.6% · PAT 2.9% · OPM change 0 pp 88% evidence 20.6/25 ROCE 19.9% · OPM 18% 100% evidence 6.7/20 P/E 70.6× · PEG 4.71 85% evidence 7.8/20 RS sector -2.4% · RS bench -4.2% · 1Y 0.6%0 of 12 weeks ahead 100% evidence
Exact sum: 18.3 + 20.6 + 6.7 + 7.8 = 53.4 · Decision use: Strong business, demanding price: keep it on the quality list, but require either earnings upgrades or valuation compression.
2Prince Pipes & Fittings Ltdthis pagePRINCEPIPE 49.4/100Mixed-negative evidence87% evidence TURNING 24.5/35 Revenue 2.9% · PAT 68.2% · OPM change 5 pp 88% evidence 6.9/25 ROCE 6.1% · OPM 13% 100% evidence 13.4/20 P/E 38.8× · PEG 0.91 85% evidence 4.6/20 RS sector -22.9% · RS bench -5.8% · 1Y -19.8%4 of 10 weeks ahead 70% evidence
Exact sum: 24.5 + 6.9 + 13.4 + 4.6 = 49.4 · Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -22.9% and the one-year return is -19.8%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth.
3Supreme Industries LtdSUPREMEIND 48.7/100Mixed-negative evidence97% evidence BASING 20.5/35 Revenue 8.7% · PAT 16.1% · OPM change 3 pp 100% evidence 19.5/25 ROCE 20.7% · OPM 15% 100% evidence 3.6/20 P/E 42.6× · PEG 9.12 85% evidence 5.1/20 RS sector -7.2% · RS bench -9.3% · 1Y -19.6%0 of 12 weeks ahead 100% evidence
Exact sum: 20.5 + 19.5 + 3.6 + 5.1 = 48.7 · Decision use: Strong business, demanding price: keep it on the quality list, but require either earnings upgrades or valuation compression.
4Finolex Industries LtdFINPIPE 45.3/100Mixed-negative evidence87% evidence ASLEEP 19.8/35 Revenue -0.7% · PAT -25.2% · OPM change 10 pp 88% evidence 13.8/25 ROCE 12.7% · OPM 25% 100% evidence 7.2/20 P/E 16.8× · PEG 3.66 85% evidence 4.5/20 RS sector -14.8% · RS bench -11.8% · 1Y -22.2%0 of 10 weeks ahead 70% evidence
Exact sum: 19.8 + 13.8 + 7.2 + 4.5 = 45.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
5Apollo Pipes LtdAPOLLOPIPE 32.4/100Adverse evidence77% evidence LEADER 1.3/35 Revenue -2% · PAT -80% · OPM change -7 pp 95% evidence 1.1/25 ROCE 1.2% · OPM 1% 95% evidence 10.0/20 P/E — · PEG — 0% evidence 20.0/20 RS sector 33.4% · RS bench 30% · 1Y 22.3%11 of 12 weeks ahead 100% evidence
Exact sum: 1.3 + 1.1 + 10 + 20 = 32.4 · Decision use: Price leads the evidence: RS versus the benchmark is 30%, but earnings trajectory is weak. Wait for revenue and profit confirmation.

Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led NIFTY 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.

15 · Frequently asked questions

Frequently asked questions

What is Prince Pipes & Fittings Ltd's share price today?

Prince Pipes & Fittings Ltd trades at ₹264, −21.5% over the past year. The company is valued at ₹2,919 Cr. The stock sits at 38% of its 52-week range of ₹218–₹341, −4.5% versus its 200-day average. On the tape, the price is in a downtrend, 100 weeks in. — as of 31 July 2026.

What were Prince Pipes & Fittings Ltd's latest quarterly results?

Prince Pipes & Fittings Ltd reported revenue of ₹850 Cr and net profit of ₹56.0 Cr for the Mar 26 quarter. Revenue rose 18.1% and profit rose 133.3% year on year. Earnings per share were ₹5.08. The operating margin was 13.0%, 5.0 pp higher than a year earlier. — as of 31 July 2026.

What is Prince Pipes & Fittings Ltd's revenue?

Prince Pipes & Fittings Ltd reported revenue of ₹850 Cr in the Mar 26 quarter, +18.1% year on year. For the full FY26 fiscal year, revenue was ₹2,598 Cr (+2.9%). Over the last 10 years revenue compounded at 9.9% a year. — as of 31 July 2026.

What is Prince Pipes & Fittings Ltd's profit?

Prince Pipes & Fittings Ltd earned ₹56.0 Cr of net profit in the Mar 26 quarter, +133.3% year on year. Full-year FY26 profit was ₹73.0 Cr. The operating margin ran 13.0% in the latest quarter. — as of 31 July 2026.

What is Prince Pipes & Fittings Ltd's market cap?

Prince Pipes & Fittings Ltd's market capitalisation is ₹2,919 Cr at a share price of ₹264. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 31 July 2026.

What is Prince Pipes & Fittings Ltd's P/E ratio?

Prince Pipes & Fittings Ltd trades at a P/E of 38.8×, at the 60th percentile of its own 7-year range, against a long-run median of 36.2×. This is a comparison with the stock's own history, not a value call — as of 31 July 2026.

Does Prince Pipes & Fittings Ltd pay a dividend?

Yes — Prince Pipes & Fittings Ltd's dividend payout was 15% of profit in FY26, and it recorded a payout in 6 of its last 12 reported fiscal years. This page holds the payout ratio, not a per-share amount. — as of 31 July 2026.

Is Prince Pipes & Fittings Ltd overvalued?

On its own history, Prince Pipes & Fittings Ltd looks mid-range against its own history: its P/E of 38.8× sits at the 60th percentile of its 7-year range (long-run median 36.2×). That is a percentile read against the stock's own past, not a price opinion or a direction call. — as of 31 July 2026.

Is Prince Pipes & Fittings Ltd growing?

Yes — Prince Pipes & Fittings Ltd is growing: latest-quarter revenue +18.1% year on year, profit +133.3%, and the margin +5.0 pp at 13.0%. The 10-year compound rates are 9.9% (revenue) and 9.3% (profit). The earnings engine currently reads: improving — as of 31 July 2026.

How is Prince Pipes & Fittings Ltd performing?

Prince Pipes & Fittings Ltd is in a downtrend, 100 weeks in. Its latest quarter's revenue rose 18.1% and profit rose 133.3% year on year. Against the NIFTY 500 it has been behind on a trailing-13-week view for 3 weeks. This describes what the data did, not a rating. — as of 31 July 2026.

What stage is Prince Pipes & Fittings Ltd in?

Mixed — no clean majority across the growth curves, ROCE holding at 3.6% — the per-curve reads carry the story. The read comes from the last 12 quarters of growth (revenue growth +2.9% latest, profit growth +68.2% latest, eps growth +69.7% latest) plus the ROCE curve, classified by deterministic rules — a trajectory read, not a buy or sell call — as of 31 July 2026.

Is Prince Pipes & Fittings Ltd in an uptrend?

No — the price is in a downtrend (week 100 of stage 4), trading −4.5% versus its 200-day average and at 38% of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 31 July 2026.

Is Prince Pipes & Fittings Ltd beating the market?

Not lately — on a trailing-13-week view Prince Pipes & Fittings Ltd is currently behind the NIFTY 500 (3 weeks and counting; last ahead the week of 2026-07-10), the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 6.6 years the stock moved +74% against the NIFTY 500's +140% — behind the index over the full window. — as of 31 July 2026.

Will Prince Pipes & Fittings Ltd's share price go up?

This page publishes no price forecast for Prince Pipes & Fittings Ltd. What it measures instead: the share price is ₹264, the price is in a downtrend 100 weeks in. Its P/E of 38.8× sits at the 60th percentile of its own 7-year range. — as of 31 July 2026.

Who owns Prince Pipes & Fittings Ltd?

Promoters hold 61.0% of Prince Pipes & Fittings Ltd, foreign institutions 3.1%, domestic institutions 15.3% and the public 20.7% (latest quarter). The biggest move on the register over the last two years: Foreign institutions cut 3.4 points over 8 quarters. — as of 31 July 2026.

Does Prince Pipes & Fittings Ltd have too much debt?

No — Prince Pipes & Fittings Ltd's debt-to-equity is 0.09, and operating profit covers the interest bill 23×. FY26 borrowings were ₹145 Cr against equity of ₹1,645 Cr. The returns on this page are earned, not borrowed — as of 31 July 2026.

What is Prince Pipes & Fittings Ltd's capex?

Prince Pipes & Fittings Ltd spent ₹716 Cr on capital expenditure over the last 3 fiscal years, a figure derived from the change in fixed assets plus depreciation. In FY26 alone that was ₹242 Cr, with ₹24.0 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 31 July 2026.

What is Prince Pipes & Fittings Ltd's cash flow?

Prince Pipes & Fittings Ltd generated ₹526 Cr of operating cash flow in FY26 and ₹284 Cr of free cash flow after ₹242 Cr of capital spending. Reported profit that year was ₹73.0 Cr, so operating cash ran ahead of profit. Cash-flow resolution for India is annual. — as of 31 July 2026.

Is Prince Pipes & Fittings Ltd's profit real cash?

Yes — over the last 3 fiscal years, 228% of Prince Pipes & Fittings Ltd's reported profit arrived as operating cash. In FY26, operating cash was ₹526 Cr against reported profit of ₹73.0 Cr. The cash then goes mostly into building capacity. Cash-flow resolution is annual — as of 31 July 2026.

Where is Prince Pipes & Fittings Ltd in its business cycle?

Prince Pipes & Fittings Ltd's FY26 operating margin was 9.0%, against a 12-year band of 6.0%–18.0%: the low end of its own band, which is where recoveries start when they come. The latest quarter ran 13.0%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 31 July 2026.

What could break the Prince Pipes & Fittings Ltd story?

The sharpest disagreement: annual EPS moved +69.7% against a −21.5% price move — the market has not yet caught up with the delivery. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 31 July 2026.

Is Prince Pipes & Fittings Ltd a stock worth studying right now?

This is not investment advice. The machine read: Prince Pipes & Fittings Ltd's earnings have outrun its stock. EPS grew +69.7% in a year against a −21.5% price move. The sharpest open question: whether the price catches up with earnings that have already moved. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 31 July 2026.

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