Prince Pipes and Fittings Limited (PRINCEPIPE.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+5.8%

₹282.64

vs ₹267.15 price

Levered DCF

₹1,385.06

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

—

Rating

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	31.13×	67.56×	34.62×	49.41×	28.04×	20.71×	8.72×	18.3×
P/B	1.42×	1.85×	4.09×	4.4×	5.53×	4.4×	1.17×	3.75×
P/S	0.9×	1.15×	2.47×	2.21×	2.64×	2.22×	0.6×	0.96×
EV / EBITDA	10.47×	19.21×	18.67×	22.94×	16.89×	12.32×	5.19×	9.52×
Gross margin	14.7%	25.4%	15.1%	22.8%	28.2%	33.0%	30.5%	27.6%
Operating margin	3.6%	2.3%	8.8%	6.5%	13.2%	15.1%	11.5%	9.0%
Net margin	2.9%	1.7%	7.1%	4.5%	9.4%	10.7%	6.9%	5.2%
Current ratio	1.96×	2.12×	2.43×	2.24×	1.89×	1.88×	1.72×	1.09×
Debt / equity	0.09×	0.18×	0.08×	0.05×	0.12×	0.08×	0.32×	0.74×
Interest coverage	9.78×	6.06×	34.78×	15.89×	25.09×	15.11×	5.66×	3.91×
Dividend yield	0.2%	0.4%	0.0%	0.4%	0.6%	0.4%	1.1%	0.0%
Payout ratio	7.3%	25.6%	0.0%	18.2%	15.4%	7.4%	9.8%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	4.6%	2.7%	11.8%	8.9%	19.7%	21.3%	13.4%	20.5%
Return on invested capital	3.8%	2.3%	9.9%	8.9%	17.9%	20.0%	12.3%	14.2%
Return on assets	3.1%	1.9%	8.6%	6.3%	12.9%	14.0%	8.0%	7.9%
Free cash flow yield	12.9%	-4.7%	-2.5%	4.3%	-2.7%	3.5%	-28.1%	7.1%
Earnings yield	3.2%	1.5%	2.9%	2.0%	3.6%	4.8%	11.5%	5.5%
Enterprise value	₹23.6B	₹31.1B	₹63.7B	₹59.4B	₹71.1B	₹46.7B	₹12.5B	₹17.9B
Net debt / EBITDA	0.07×	1.2×	0.16×	-0.23×	0.29×	0.21×	1.1×	1.53×
Cash conversion cycle (days)	70	129	113	75	103	36	96	61