PRINCE PIPES AND FITTINGS LTD.
NSE : PRINCEPIPEBSE : 542907ISIN
CODE : INE689W01016Industry : Plastic ProductsHouse
: Private
BSE654.00-14.45 (-2.16 % )
PREV CLOSE (Rs.) 668.45
OPEN PRICE (Rs.) 667.95
BID PRICE (QTY) 0.00 (0 )
OFFER PRICE (QTY) 0.00 (0 )
VOLUME 1662
TODAY'S LOW / HIGH (Rs.)
52 WK LOW / HIGH (Rs.)
NSE653.20 -15.4 (-2.3 % )
PREV CLOSE(Rs.) 668.60
OPEN PRICE (Rs.) 663.05
BID PRICE (QTY) 653.20 (37 )
OFFER PRICE (QTY) 0.00 (0 )
VOLUME 54544
TODAY'S LOW / HIGH(Rs.)
52 WK LOW / HIGH (Rs.)
Company News
| Date | Heading | Details |
|---|---|---|
| 21-Mar-2024 | Prince Pipes & Fittings to acquire Aquel brand, plant located at Gujarat | <p style="text-align: justify;">Prince Pipes & Fittings has signed an Asset Purchase Agreement (APA) with Klaus Waren Fixtures, for the acquisition and assignment of identified assets for Rs 55 crore. The acquisition will be funded through internal accruals and is structured in two phases.</p><p style="text-align: justify;">The first phase shall constitute the acquisition of the iconic Aquel brand along with the acquisition of moulds and dies, on an immediate basis. The second phase will be in relation to the acquisition of the assets comprising of land parcel, buildings, machinery and manufacturing equipment, office furniture and fixtures situated at Klaus Waren's plant in Bhuj, Gujarat. The transaction shall be consummated subject to the receipt of regulatory approvals. The total built up area is around 1,10,000 sq ft whereas the land parcel area spans around 8 acres, which could be used for future expansion.</p><p style="text-align: justify;">In a highly evolving and dynamic market, the Aquel brand has established itself as a key player in Western, Central and certain parts of South India, with its wide range of products. It has captured the attention of homeowners, interior designers, architects and builders. Aquel brings an extensive range of scientifically engineered products, encompassing faucets and bathroom accessories, available in various designs, colors, and functionalities, to cater to diverse preferences and purposes. There are currently 9 ranges and 250 SKU's being produced under the Aquel brand.</p><p style="text-align: justify;">The first tranche of the acquisition of the relevant Assets is to be completed within ten days from execution. The second tranche of the acquisition of the relevant Assets is to be completed by October 15, 2024, subject to the completion of the conditions precedent to the second tranche of the acquisition including but not limited to obtaining consents from governmental authorities.</p><p style="text-align: justify;">Prince Pipes & Fittings is recognized as one of the leading polymer pipes and fittings manufacturers in India in terms of number of distributors.</p> |
| 21-Mar-2024 | Prince Pipes & Fittings moves higher on the BSE | <p style="text-align: justify;">Prince Pipes & Fittings is currently trading at Rs. 541.35, up by 11.50 points or 2.17% from its previous closing of Rs. 529.85 on the BSE.</p><p style="text-align: justify;">The scrip opened at Rs. 568.35 and has touched a high and low of Rs. 568.35 and Rs. 536.80 respectively. So far 14832 shares were traded on the counter.</p><p style="text-align: justify;">The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 775.75 on 05-Jan-2024 and a 52 week low of Rs. 521.55 on 18-Mar-2024.</p><p style="text-align: justify;">Last one week high and low of the scrip stood at Rs. 568.35 and Rs. 521.55 respectively. The current market cap of the company is Rs. 5992.96 crore.</p><p style="text-align: justify;">The promoters holding in the company stood at 60.94%, while Institutions and Non-Institutions held 24.14% and 14.92% respectively.</p><p style="text-align: justify;">Prince Pipes & Fittings has signed an Asset Purchase Agreement (APA) with Klaus Waren Fixtures, for the acquisition and assignment of identified assets for Rs 55 crore. The acquisition will be funded through internal accruals and is structured in two phases.</p><p style="text-align: justify;">The first phase shall constitute the acquisition of the iconic Aquel brand along with the acquisition of moulds and dies, on an immediate basis. The second phase will be in relation to the acquisition of the assets comprising of land parcel, buildings, machinery and manufacturing equipment, office furniture and fixtures situated at Klaus Waren's plant in Bhuj, Gujarat. The transaction shall be consummated subject to the receipt of regulatory approvals. The total built up area is around 1,10,000 sq ft whereas the land parcel area spans around 8 acres, which could be used for future expansion.</p><p style="text-align: justify;">In a highly evolving and dynamic market, the Aquel brand has established itself as a key player in Western, Central and certain parts of South India, with its wide range of products. It has captured the attention of homeowners, interior designers, architects and builders. Aquel brings an extensive range of scientifically engineered products, encompassing faucets and bathroom accessories, available in various designs, colors, and functionalities, to cater to diverse preferences and purposes. There are currently 9 ranges and 250 SKU's being produced under the Aquel brand.</p><p style="text-align: justify;">The first tranche of the acquisition of the relevant Assets is to be completed within ten days from execution. The second tranche of the acquisition of the relevant Assets is to be completed by October 15, 2024, subject to the completion of the conditions precedent to the second tranche of the acquisition including but not limited to obtaining consents from governmental authorities.</p><p style="text-align: justify;">Prince Pipes & Fittings is recognized as one of the leading polymer pipes and fittings manufacturers in India in terms of number of distributors.</p> |
| 12-Dec-2023 | Prince Pipes and Fittings submits analyst meeting intimation | <div style="text-align: justify;">Prince Pipes and Fittings has informed that pursuant to Regulation 30 and Para A of Part A of Schedule Ill of the SEBI LODR, company is participating in Investor Conference organised by Systematix Group to be held on December 14, 2023 from 2 pm to 5 pm during which the Company will be interacting the Investors. Discussion during the meet will be based on publicly available information and no unpublished price sensitive information (UPSI) is proposed to be shared thereat. The above meet shall be subject to change(s), if any, due to business exigencies.</div><div style="text-align: justify;"><br></div><div style="text-align: justify;">The above information is a part of company's filings submitted to BSE.</div> |
| 15-Nov-2023 | Prince Pipes And Fittings informs about transcript of conference call | <p style="text-align: justify;">In continuation to its letter No PPFL/SE/2023-24/052 dated November 03, 2023, Prince Pipes And Fittings has informed that it enclosed transcript of the Conference Call for Analyst and Investors held on November 08, 2023.</p><div>The above information is a part of company's filings submitted to BSE.</div> |
| 11-Sep-2023 | Prince Pipes and Fittings informs about analyst meet | <div style="text-align: justify;">Prince Pipes and Fittings has informed that pursuant to Regulation 30 and Para A of Part A of Schedule Ill of the SEBI LODR, company organizing a plant visit for various Investor/Investor Group, during which the Company will be interacting the Investors as on September 13 & 14, 2023. </div><div style="text-align: justify;"><br></div><div style="text-align: justify;">The above information is a part of company's filings submitted to BSE.</div><div style="text-align: justify;"><br></div> |
| 04-Sep-2023 | Prince Pipes and Fittings informs about analyst meet | <p style="text-align: justify;">Pursuant to Regulation 30 and Para A of Part A of Schedule III of the SEBI LODR, Prince Pipes and Fittings has informed that the company is participating in a roadshow organised by Nuvama Institutional Equities to be held on September 05, 2023, from 10 am onwards which includes 1X1, Group and virtual interactions during which the Company will be interacting with the Investors. No presentation would be shared during the meeting with Analyst/ investor and also no unpublished price sensitive information would be shared at the meeting.</p><p style="text-align: justify;">The above information is a part of company's filings submitted to BSE.</p> |
| 18-Aug-2023 | Prince Pipes And Fittings informs about transcript of conference call | <p style="text-align: justify;">In continuation to letter No PPFL/SE/2023-24/026 dated August 08, 2023, Prince Pipes And Fittings has informed that it enclosed transcript of the Conference Call for Analyst and Investors held on August 11, 2023.</p><p style="text-align: justify;">The above information is a part of company's filings submitted to BSE.</p><div style="text-align: justify;"><br></div> |
| 14-Aug-2023 | Prince Pipes and Fittings informs about book closure | <div style="text-align: justify;">Prince Pipes and Fittings has informed that the Register of Member and Share Transfer Books of the Company will remain closed from Friday, September 15, 2023 to Thursday, September 21, 2023 for the purpose of the Thirty Sixth Annual General Meeting (36th AGM) of the Company scheduled to be held on Thursday, September 21, 2023 at 11:30 AM IST through electronic mode (video conference or other audio visual means).</div><div style="text-align: justify;"><br></div><div style="text-align: justify;">The above information is a part of company's filings submitted to BSE.</div><div style="text-align: justify;"><br></div> |
| 26-Jun-2023 | Prince Pipes and Fittings informs about analyst meet | <div>Prince Pipes and Fittings has informed that pursuant to Regulation 30 and Para A of Part A of Schedule III of the SEBI LODR, company is participating in 'Building Material Space' Virtual Conference organised by Systematix Group to be held on June 26, 2023 at 4 pm during which the Company will be interacting the Investors.</div><div><br></div><div>The above information is a part of company's filings submitted to BSE.</div><div><br></div> |
| 21-Jun-2023 | Prince Pipes & Fittings launches new collection of luxury faucets, sanitaryware | <p style="text-align: justify;">Prince Pipes & Fittings has launched and unveiled its new collection of luxury faucets and sanitaryware. Inspired by European bathware trends, the new range entails a complete portfolio of world class faucets. The range goes by the names Aurum, Titanio, Platina, Tiara, Marquise. Matchless in style and design they have been carefully curated following exhaustive industry research. Argento, Meta, Kristal and Palladium complete the Prince Bathware line.</p><p style="text-align: justify;">An indulgence in bath interiors, the versatile and aesthetic sanitaryware portfolio includes a comprehensive and elegant range of products designs for overhead showers, hand showers &, health faucets, besides sensors for basins and urinals alongside bathroom accessories. The product portfolio also includes Tankless EWC, One-Piece Wall Mounted Toilets and Tabletop Basins that come laden with top class features of comfort, anti-germ expertise, easy installation, and water conservation.</p><p style="text-align: justify;">As per market estimates the overall market size of the bathware segment is around Rs 15,000 crore with the organized market at around 65% and unorganized market at around 35%. In the bathware segment, faucets are estimated to be in the range of Rs 9,000 - 10,000 crore and Sanitaryware in the range of Rs 6,000 - 7,000 crore. </p><p style="text-align: justify;">Prince Pipes & Fittings is recognized as one of the leading polymer pipes and fittings manufacturers in India in terms of number of distributors.</p> |
