External broker reports(aggregated public sources), HDFC Securities

HDFC Securities

External broker reports(aggregated public sources)

HDFC securities is the best online trading platform for stocks, IPOs, mutual fund in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

Prince Pipes And Fittings / Equity Bottom-Up

<ul><li>We attended the Prince Pipes analyst meet</li><li>The management indicated that plumbing demand was robust in July but has declined from August onwards, with September remaining weak</li><li>Consequently, the company believes it will achieve volume growth at the lower end of its previously targeted range of high single digits to low double digits</li></ul>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.

We attended the Prince Pipes analyst meetThe management indicated that plumbing demand was robust in July but has declined from August onwards, with September remaining weakConsequently, the company believes it will achieve volume growth at the lower end of its previously targeted range of high single digits to low double digitsContent 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: Demand Weakness Persists, Recovery Awaited. Maintain REDUCE

<ul><li>We recently met with the Prince Pipes’ management</li><li>The management noted that industry demand has been subdued and decreasing resin prices is leading to dealers’ destocking</li><li>CPVC resin prices has increased by 1-2% QoQ in Q2, industry has not passed on this to end customer</li></ul>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.

We recently met with the Prince Pipes’ managementThe management noted that industry demand has been subdued and decreasing resin prices is leading to dealers’ destockingCPVC resin prices has increased by 1-2% QoQ in Q2, industry has not passed on this to end customerContent 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: Resin Price Volatilty to Drag Q2 Performance. Maintain ADD

<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>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.

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. Maintain ADD

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.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Prince Pipes And Fittings (PRINCPIP IN)

Prince Pipes and Fittings: Demand Weakness Persists, Recovery Awaited. Maintain REDUCE

The management indicated that plumbing demand was robust in July but has declined from August onwards, with September remaining weak

HDFC Securities

Prince Pipes and Fittings: Resin Price Volatilty to Drag Q2 Performance. Maintain ADD

We recently met with the Prince Pipes’ management. The management noted that industry demand has been subdued and decreasing resin prices is...

HDFC Securities

Prince Pipes and Fittings: Business Back to Normal, Outlook Healthy. Maintain ADD

Despite reporting a weak Q1FY24 (low sales of high-margin fitting sales and inventory losses), the company is confident the worst is over

HDFC Securities

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

Despite reporting a weak Q1FY24 (low sales of high-margin fitting sales and inventory losses), the company is confident the worst is over

HDFC Securities

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)