External broker reports(aggregated public sources), HDFC Securities

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Equity Bottom-Up

Prince Pipes And Fittings / Equity Bottom-Up

<ul><li>We recently met with the Prince Pipes’ management</li><li>Despite reporting a weak Q1FY24 (low sales of high-margin fitting sales and inventory losses), the company is confident the worst is over</li><li>The demand outlook remains strong and fitting sales have normalised</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

We recently met with the Prince Pipes’ managementDespite reporting a weak Q1FY24 (low sales of high-margin fitting sales and inventory losses), the company is confident the worst is overThe demand outlook remains strong and fitting sales have normalisedContent is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Prince Pipes and Fittings - Business Back to Normal; Outlook Healthy

India

Prince Pipes and Fittings Limited is a leading Indian manufacturer and supplier of polymer-based piping solutions. The company offers a comprehensive range of products, including CPVC, UPVC, HDPE, and PPR pipes and fittings, catering to plumbing, irrigation, sewerage, and industrial applications. It was established in 1987 and is headquartered in Mumbai, India.

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