Prince Pipes & Fittings Ltd., incorporated in the year 1987, is a Small Cap company (having a market cap of Rs 2895.88 Crore) operating in Plastics sector.
By ETMarkets.com | Updated:
PPFL is poised for higher growth spurred by healthy demand in agri & plumbing, government’s push for housing & infra, demand shift to organised players, entry in plastic tanks space and healthy rural & semi-urban demand.
Edelweiss has given a buy rating to Prince Pipes with a target price of Rs 315. The share price moved up by 1.72 per cent from its previous close of Rs 258.55. The stock’s last traded price is Rs 263.
Prince Pipes & Fittings Ltd., incorporated in the year 1987, is a Small Cap company (having a market cap of Rs 2895.88 Crore) operating in Plastics sector.
Financials For the quarter ended 30-09-2020, the company reported a Standalone sales of Rs 458.66 Crore, up 51.63 % from last quarter Sales of Rs 302.48 Crore and up 6.86 % from last year same quarter Sales of Rs 429.23 Crore Company reported net profit after tax of Rs 46.57 Crore in latest quarter.
Investment Rationale PPFL is poised for higher growth spurred by healthy demand in agri & plumbing, government’s push for housing & infra, demand shift to organised players, entry in plastic tanks space and healthy rural & semi-urban demand.
