Current price is more than the intrinsic value

Intrinsic Value

Stock has been generating better return on equity than bank FD

ROE vs FD rates

Stock doesn't offer attractive dividend returns

Dividend Returns

Good time to consider, as stock is not in overbought zone

Entry Point

Stock not in ASM/GSM lists and not a lot of promoter holding is pledged

No Red Flags

Results Review for Ashok Leyland, Alkyl Amines, Prince Pipes

Prince Pipes Standalone March 2022 Net Sales at Rs 901.20 crore, up 18.37% Y-o-Y

The upgrade reflects the sustained improvement in the company’s business risk profile driven by the healthy revenue growth and operating efficiencies.

CRISIL reaffirms ‘A1+’ rating on Prince Pipes and Fittings’ commercial paper worth Rs50 crore

ICICI Securities is bullish on Prince Pipes and Fittings recommended buy rating on the stock with a target price of Rs 804 in its research report dated March 16, 2022.

Buy Prince Pipes and Fittings : target of Rs 804: ICICI Securities

Prince Pipes Standalone December 2021 Net Sales At Rs 664.02 Crore, Up 20.95% Y-o-Y

Long term rating - CRISIL A+/ Stable (upgraded from CRISIL A/ Positive) Short term rating - CRISIL A1+ (upgraded from CRISIL A1) Total bank facilities rated - Rs 668 crore (enhanced from Rs 591 crore)

Prince Pipes & Fittings receives revision in credit ratings from CRISIL

The ratings reflect the strong business risk profile marked by its market position in domestic plastic pipe industry.

CRISIL upgrades rating on Prince Pipes & Fittings’ bank facilities

Muthoot Finance Ltd, Astra Microwave Products Ltd, Prince Pipes & Fittings Ltd and VRL Logistics Ltd are among the other gainers in the BSE’s ‘A’ group today, 08 November 2021.

Chalet Hotels Ltd leads gainers in ‘A’ group

Prince Pipes and Fittings reported a 63.4% increase in net profit to Rs 76 crore in Q2 FY22 from Rs 46.57 crore posted in Q2 FY21.

Prince Pipes Q2 PAT rises 63% YoY to Rs 76 cr; margins contract 140 bps YoY

- Trent The company reported the best quarterly revenue. Revenue grew 126%YoY to Rs 1020 cr (reached above-pre-covid). EBITDA stood at Rs 221 cr, 35x YoY


- Bharti Airtel
Strong topline growth of 5.5% QoQ in Q2FY22. The company added 8.1M, 4G customers, during the quarter. the margins came in slightly ahead of expectations
While the Net profits saw a strong growth but had an exceptional item. The ARPU came in at Rs 153 in line with expectations.


- Prince Pipes & Fitting The Q2 net profit jumps 63.4% on year to Rs 76.09 cr from Rs 46.57 cr. The Revenue rose almost by 66% to Rs 761 cr.

- Easy Trip Planner: The net profit jumps more than four-fold on year to Rs 27.13 cr from Rs 6.16 cr. while the revenue surges to Rs 43.69 cr from Rs 9.95  cr  

- PSP PROJECTS
Got Letter of Acceptance for 2 projects worth `288 cr 

-MOIL Company to consider buyback of fully paid-up equity shares in 10th Nov Board Meet 

Vinni Motiwala is here with the list of other stocks
Subscribe To ET Now For Latest Updates On Stocks, Business, Trading | ► https://goo.gl/SEjvK3

Subscribe Now To Our Network Channels :-
Times Now  : http://goo.gl/U9ibPb
The NewsHour Debate : http://goo.gl/LfNgFF

To Stay Updated Download the Times Now App :-
Android Google Play :  https://goo.gl/zJhWjC
Apple App Store :  https://goo.gl/d7QBQZ

Social Media Links :-
Twitter - http://goo.gl/hA0vDt
Facebook - http://goo.gl/5Lr4mC
G+ - http://goo.gl/hYxrmj
Website - www.etnownews.com

Earnings today: SBI & Eicher

Revenue growth led particularly by plumbing and SWR portfolio, which delivered robust volume growth.

Prince Pipes & Fittings PAT at Rs76cr in Q2FY22; stock trades lower

The company manufactures polymer pipes and fittings for plumbing, irrigation and sewage disposal. . The Company distributes its products under two brands: Prince Piping Systems and Trubore Piping.

Prince Pipes and Fittings Ltd

Prince Pipes and Fittings Ltd

Intrinsic Value
Intrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

ROE vs FD rates
Fixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE is lower than this rate, investors are better off investing the amount in a FD

Dividend Returns
A dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry Point
High demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock

News & Opinions

Results Review for Ashok Leyland, Alkyl Amines, Prince Pipes

Prince Pipes Standalone March 2022 Net Sales at Rs 901.20 crore, up 18.37% Y-o-Y

CRISIL reaffirms ‘A1+’ rating on Prince Pipes and Fittings’ commercial paper worth Rs50 crore

Buy Prince Pipes and Fittings : target of Rs 804: ICICI Securities

Prince Pipes Standalone December 2021 Net Sales At Rs 664.02 Crore, Up 20.95% Y-o-Y

Prince Pipes & Fittings receives revision in credit ratings from CRISIL

CRISIL upgrades rating on Prince Pipes & Fittings’ bank facilities

Prince Pipes and Fittings Ltd

Intrinsic ValueIntrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

ROE vs FD ratesFixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE is lower than this rate, investors are better off investing the amount in a FD

Dividend ReturnsA dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry PointHigh demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock

News & Opinions

Results Review for Ashok Leyland, Alkyl Amines, Prince Pipes

Prince Pipes Standalone March 2022 Net Sales at Rs 901.20 crore, up 18.37% Y-o-Y

CRISIL reaffirms ‘A1+’ rating on Prince Pipes and Fittings’ commercial paper worth Rs50 crore

Buy Prince Pipes and Fittings : target of Rs 804: ICICI Securities

Prince Pipes Standalone December 2021 Net Sales At Rs 664.02 Crore, Up 20.95% Y-o-Y

Prince Pipes & Fittings receives revision in credit ratings from CRISIL

CRISIL upgrades rating on Prince Pipes & Fittings’ bank facilities

Intrinsic Value
Intrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

ROE vs FD rates
Fixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE is lower than this rate, investors are better off investing the amount in a FD

Dividend Returns
A dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry Point
High demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock