Plastic products · PRINCPIP
Building Materials - Plastic Pipes
from 276 today
Prince Pipes reported a mixed-bag performance in 1QFY27 with a 7% YoY decline in pipe volume, though consolidated revenue increased 5% YoY and EBITDA margins remained high. We reiterate our BUY rating with an unchanged target price of INR318 based on 20x FY28E P/E.
Prince Pipes reported resilient performance in 1Q despite a challenging demand environment, with healthy performance led by improved realisation and mix, and management reiterated FY27 guidance of 12-15% volume growth and 11-13% EBITDA margins.
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