Prince Pipes Share Price Jumps 36% in 6 months; Expansion, CPVC Growth and Bathware Foray Boost Outlook

Prince Pipes & Fittings share price (NSE: PRINCEPIPE) has climbed nearly 36% in the last 6 months. 

Demand Outlook and Industry Trends

Near-term demand remains weak due to volatile PVC prices and low trade sentiment. Reliance’s PVC resin price is around ₹74.5/kg, while global prices are even lower. If anti-dumping duty (ADD) is implemented, import costs would rise, which could stabilise prices.

Strategic Expansion

• New Bihar Plant: A Begusarai facility will add 45–50 ktpa capacity by H1FY26, with expected 60–65% utilisation by FY27.
• CPVC Growth: CPVC now contributes 22–25% of sales, with Prince Pipes holding a 10–12% market share in the ₹5,000 crore industry, supported by its tie-up with Lubrizol.

Diversification into Bathware

The company is expanding into bathware, expecting the division to break even by FY27 at ₹80–100 crore revenue. This helps reduce dependency on core pipes and builds new growth avenues.

Margins, Inventory and Capex

• Margins improving, with EBITDA seen at 11–12% on quarterly volumes of 50 ktpa.
• Inventory days are at 110, with a target to bring them down to 70–75 by year-end.
• Capex of ₹240 crore planned for FY26, mainly for capacity expansion and bathware.

About Prince Pipes and Fittings Limited

Prince Pipes and Fittings Limited, founded in 1987, began with PVC product manufacturing and has since grown into a leading integrated piping solutions provider. The company now produces polymer-based piping systems across four categories: CPVC, UPVC, HDPE, and PPR.

Also Read, Dividends & Bonus Issue This Week (Sept 15–19, 2025)!

Prince Pipes and Fittings Share Price Movement

Prince Pipes and Fittings share price (NSE: PRINCEPIPE) opened at ₹337.15 and is currently trading at ₹340.70, up 1.05% on September 19, 2025. The stock hit a high of ₹342.00 and a low of ₹337.15 during the day. Over the past 52 weeks, the stock has ranged between ₹229.05 and ₹586.00. The company declares a quarterly dividend of ₹0.13 per share.

Conclusion

Prince Pipes’ focus on CPVC, expansion in eastern India, and bathware diversification provide strong growth triggers. 

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