Add Prince Pipes & Fittings, target price Rs 723: ICICI Securities

economictimes.indiatimes.com:

Prince Pipes & Fittings with a target price of Rs 723. The current market price of Prince Pipes & Fittings is Rs 685.2.

Prince Pipes & Fittings Ltd., incorporated in the year 1987, is a Small Cap company (having a market cap of Rs 7652.49 Crore) operating in Plastics sector.

Prince Pipes & Fittings Ltd. key Products/Revenue Segments include Pipes & Fittings, Scrap, Other Operating Revenue and Export Incentives for the year ending 31-Mar-2022.

Financials For the quarter ended 31-03-2024, the company reported a Standalone Total Income of Rs 745.46 Crore, up 19.92 % from last quarter Total Income of Rs 621.63 Crore and down -2.91 % from last year same quarter Total Income of Rs 767.83 Crore. Company reported net profit after tax of Rs 54.65 Crore in latest quarter.
Promoter/FII Holdings Promoters held 60.94 per cent stake in the company as of 31-Mar-2024, while FIIs owned 5.15 per cent, DIIs 18.53 per cent.