Buy Prince Pipes & Fittings, target price Rs 720: JM Financial
Promoters held 62.94 per cent stake in the company as of 31-Dec-2022, while FIIs owned 4.41 per cent, DIIs 15.45 per cent.
By ETMarkets.com | Updated:
iStock
JM Financial has buy call on Prince Pipes & Fittings with a target price of Rs 720. The current market price of Prince Pipes & Fittings is Rs 580.9. Time period given by analyst is a year when Prince Pipes & Fittings Ltd. price can reach defined target.
Prince Pipes & Fittings, incorporated in the year 1987, is a Small Cap company (having a market cap of Rs 6283.21 Crore) operating in Plastics sector.
Prince Pipes & Fittings key Products/Revenue Segments include Pipes & Fittings, Scrap, Other Operating Revenue and Export Incentives for the year ending 31-Mar-2022.
Financials
For the quarter ended 31-12-2022, the company has reported a Standalone Total Income of Rs 707.12 Crore, up 10.63 % from last quarter Total Income of Rs 639.16 Crore and up 6.22 % from last year same quarter Total Income of Rs 665.72 Crore. Company has reported net profit after tax of Rs 35.39 Crore in latest quarter.
The company’s top management includes Mr.Jayant Shamji Chheda, Mr.Parag Jayant Chheda, Mr.Vipul Jayant Chheda, Mr.Ramesh Chandak, Mr.Dilip Deshpande, Mrs.Uma Mandavgane, Mr.Rajendra Gogri. Company has Khimji Kunverji & Co. LLP as its auditors. As on 31-12-2022, the company has a total of 11 Crore shares outstanding.
Promoters held 62.94 per cent stake in the company as of 31-Dec-2022, while FIIs owned 4.41 per cent, DIIs 15.45 per cent.
Prince Pipes & Fittings, incorporated in the year 1987, is a Small Cap company (having a market cap of Rs 6283.21 Crore) operating in Plastics sector.
Prince Pipes & Fittings key Products/Revenue Segments include Pipes & Fittings, Scrap, Other Operating Revenue and Export Incentives for the year ending 31-Mar-2022.
Financials
For the quarter ended 31-12-2022, the company has reported a Standalone Total Income of Rs 707.12 Crore, up 10.63 % from last quarter Total Income of Rs 639.16 Crore and up 6.22 % from last year same quarter Total Income of Rs 665.72 Crore. Company has reported net profit after tax of Rs 35.39 Crore in latest quarter.
The company’s top management includes Mr.Jayant Shamji Chheda, Mr.Parag Jayant Chheda, Mr.Vipul Jayant Chheda, Mr.Ramesh Chandak, Mr.Dilip Deshpande, Mrs.Uma Mandavgane, Mr.Rajendra Gogri. Company has Khimji Kunverji & Co. LLP as its auditors. As on 31-12-2022, the company has a total of 11 Crore shares outstanding.
ADVERTISEMENT
Promoter/FII Holdings Promoters held 62.94 per cent stake in the company as of 31-Dec-2022, while FIIs owned 4.41 per cent, DIIs 15.45 per cent.
Too busy to trade in stocks? Invest in Mutual Funds with ET Money!
Bookmark or read stories offline -
Download ET Markets APP
Download ET Markets APP
ADVERTISEMENT
