About Prince Pipes and Fittings Limited

Prince Pipes and Fittings Limited, incorporated in 1987, is an Indian manufacturer of polymer piping systems and water storage solutions serving potable water, agriculture, borewell, drainage, cable ducting, and bathware applications across India and select export markets. The company’s portfolio spans CPVC, UPVC, PPR, HDPE pipes and fittings, valves, LLDPE water storage tanks, PP products, and bathware including faucets and sanitaryware. As of March 31, 2025, operations comprise 8 manufacturing plants and 8 offices across India, serving 28 States and 8 Union Territories, with exports to 13 countries that contributed less than 1% of overall revenues. The company reports that 95% of turnover is from manufacturing of plastic products (NIC 222). Key milestones in FY 2024–25 include the appointment of an Independent Director through Postal Ballot and reaffirmation of credit ratings, alongside ongoing initiatives to phase out lead stabilizers and strengthen energy management systems. The registered office is in Silvassa and the corporate office in Mumbai. The listed equity shares trade on BSE and NSE, with paid-up capital of Rs 110.56 crore (face value basis). As on March 31, 2025, there are no outstanding GDRs/ADRs/warrants or convertibles.

Prince Pipes and Fittings Limited Business Segments

• Products/services: CPVC, UPVC, PPR, HDPE pipes and fittings; valves; LLDPE water storage tanks; PP products; bathware (faucets and sanitaryware). Applications include potable water supply, agriculture, borewell, drainage, water storage, cable ducting, bathroom and kitchen uses.

• Revenue mix disclosure: The report states exports are less than 1% of overall revenues; no percentage contribution by segment/vertical is disclosed.

Geographic split (disclosed)

• India — Not quantified in Rs crore terms in the report; exports constitute less than 1% of overall revenues; hence domestic is greater than 99%.
  

Prince Pipes and Fittings Limited Key Management

• Jayant S. Chheda — Chairman and Managing Director.

• Parag J. Chheda — Joint Managing Director.

• Vipul J. Chheda — Executive Director.

• Anand Gupta — Chief Financial Officer.

• Shailesh Bhaskar — Company Secretary and Compliance Officer.

• Ashok Mehra — President & Chief Marketing Officer.

• Nihar Chheda — Vice President – Strategy.

• Heena Chheda — President – Human Resource.

• Ajay Kumar — Chief Human Resource Officer.

Latest Updates on Prince Pipes and Fittings Limited

• Board changes: Appointment of Mr. Ankur Bansal as Independent Director for five years commencing May 16, 2024, approved by shareholders via Postal Ballot on July 07, 2024; resignation of Mr. Dilip Deshpande as Independent Director effective May 18, 2024.

• Credit ratings: CRISIL long-term rating reaffirmed at CRISIL A with Outlook revised to Negative (from Stable); short-term rating reaffirmed at CRISIL A1; total bank loan facilities rated enhanced to Rs 768.00 crore from Rs 668.00 crore.

• Governance and compliance: Unmodified audit opinion for FY 2024–25; CEO/CFO certification taken on record May 16, 2025; compliance certificates on corporate governance and non-disqualification of directors dated August 06, 2025.

• Strategy and sustainability: Continued rollout of ISO 50001:2018 Energy Management System across facilities; proactive phase-out of lead stabilizers across multiple piping systems; carbon footprint reduction through distributed manufacturing to reduce transport emissions.

• Investor relations: Regular quarterly results disclosures, investor calls with transcripts on website, and continued engagement to diversify shareholder base.