Prince Pipes And Fittings Ltd · NSE:PRINCEPIPE
Prince Pipes And Fittings — H1 FY2026 Earnings Presentation
39 slides from Prince Pipes And Fittings's earnings presentation, November 2025
Slide 1: Prince Pipes & Fittings Ltd. Investor Presentation Q2 & H1 FY26
Prince Pipes & Fittings Ltd. Investor Presentation | Q2 & H1 FY26 Piping progress across every corner of nation
Slide 2: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Prince Pipes and Fittings Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for
Slide 3: Q2 & H1 FY26 Results Highlights
Q2 & H1 FY26 Results Highlights
Slide 4: Performance Highlights
Performance Highlights SALES VOLUME EBITDA • Sales Volume for Q2 FY26 stood at • EBITDA for the quarter stood at 42,761 MT ₹ 55 crores whereas for H1 FY26 EBITDA stood at ₹ 95 crores • In H1 FY26, Sales volumes stood at 86,496 MT • EBITDA Margins for H1 FY26 and Q2 stood at 8% and 9% respectively RE
Slide 5: Business Highlights
Business Highlights ❖ Commenced Phase 2 operations at Bihar Manufacturing Plant • The expansion enhances production capacity, operational efficiency and regional supply capabilities, supporting the company’s growth strategy across Eastern region • At present, the installed capacity of the plant is 6
Slide 6: Business Highlights
Business Highlights ❖ Delivered CPVC and Cable Ducting Solutions for Navi Mumbai International Airport project • Prince Pipes contributed to the construction of Navi Mumbai International Aiport by providing robust CPVC Piping and advanced cable ducting systems • These high-quality solutions, ensured
Slide 7: Financial Highlights – Q2 FY26
Financial Highlights – Q2 FY26 Sales Volume (in MT) Revenue from Operations -1% -4% 43,301 42,761 622 595 Q2 FY25 Q2 FY26 Q2 FY25 Q2 FY26 EBITDA & EBITDA Margin (%) PAT & PAT Margin (%) 7% 9% 2% 2% +20% 55 15 15 46 Q2 FY25 Q2 FY26 Q2 FY25 Q2 FY26 Investor Presentation Note: all figures in ₹ crores 7
Slide 8: Financial Highlights – H1 FY26
Financial Highlights – H1 FY26 Sales Volume (in MT) Revenue from Operations +1% -4% 85,481 86,496 1,227 1,175 H1 FY25 H1 FY26 H1 FY25 H1 FY26 EBITDA & EBITDA Margin (%) PAT & PAT Margin (%) 8% 8% 3% 2% -9% -49% 104 39 95 20 H1 FY25 H1 FY26 H1 FY25 H1 FY26 Investor Presentation Note: all figures in ₹
Slide 9: Working Capital Cycle
Working Capital Cycle 98 95 88 85 85 83 80 77 66 62 60 62 61 68 56 57 56 50 51 52 57 47 40 36* FY21 FY22 FY23 FY24 FY25 H1 FY26 Working Capital Days Debtor Days Inventory Days Creditor Days Investor Presentation * Reclassified to 15 days based on regrouping of financials for FY21 9
Slide 10: Consolidated Income Statement
Consolidated Income Statement Particulars (₹ Cr) Q2 FY26 Q2 FY25 YoY% Q1 FY26 QoQ% H1 FY26 H1 FY25 YoY% Revenue from Operations 595 622 -4% 580 2% 1,175 1,227 -4% Raw Material Consumed 427 453 432 859 892 Gross Profit 168 169 148 316 335 Gross Profit Margin % 28% 27% 26% 27% 27% Employee Expenses 45
Slide 11: Consolidated Balance Sheet Statement
Consolidated Balance Sheet Statement Particulars (₹ Cr) H1 FY26 FY25 Particulars (₹ Cr) H1 FY26 FY25 ASSETS EQUITY & LIABILITIES Non ‐ Current Assets Equity Property, plant and equipment 1,003 941 (a) Equity share capital 111 111 (b) Other equity 1,480 1,466 Capital work‐in‐progress 27 20 Total Equi
Slide 12: Consolidated Cashflow Statement
Consolidated Cashflow Statement Particulars (₹ Cr) H1 FY26 H1 FY25 Cash Flow from Operating Activities Profit before Tax (including exceptional items) Less: Exceptional Items Profit before Tax (excluding exceptional items) 26.1 54.1 Adjustment for Non-Operating Items 73.1 54.7 Operating Profit befor
Slide 13: Company Overview
Company Overview
Slide 14: Company Overview
Company Overview ▪ Over the last 4 decades, Prince Pipes has emerged as a leader in the Indian pipes and fittings industry, creating innovations in plumbing, irrigation, storage, and sewerage systems. Now the journey has taken a much larger scale. ▪ Today we are one of India’s largest integrated pip
Slide 15: Company at a Glance
Company at a Glance Amongst TOP 5 PROCESSORS in Piping Industry 1987 8 9 7,200+ Incorporation No. of Facilities Warehouses SKUs More than 4 DECADES of Operations 1,500+ CRISIL A+ 2,152 ₹ 3,499 Cr Channel Outlook: Employees Market Cap Strategic located Partners NEGATIVE (November 07, MANUFACTURING UN
Slide 16: Our Journey
Our Journey 2022 2023 2024 2025 Jaipur plant awarded • Mr. Jayant Chheda, CMD, bestowed with the • Acquired renowned Bathware Brand Aquel and • Manufacturing unit commissioned at IGBC Platinum rated Green Lifetime Achievement Award by Modern identified assets for Rs. 55 crore Begusarai, Bihar, stren
Slide 17: Key Business Segments
Key Business Segments PIPING BUSINESS MODERN PLUMBING WATER STORAGE BATHWARE SOLUTIONS Bring Home world class plumbing solutions FAUCETS | SANITARYWARE SHOWERS | CISTERNS Investor Presentation 17
Slide 18: Manufacturing Facilities across the country
Manufacturing Facilities across the country ATHAL (1995) DADRA (2000) HARIDWAR (2008) CHENNAI (2012) Installed Capacity 12,079 MTPA Installed Capacity 83,268 MTPA Installed Capacity 95,474 MTPA Installed Capacity 49,874 MTPA KOLHAPUR (2012) JAIPUR (2019) SANGAREDDY (2021) BEGUSARAI (2025) Installed
Slide 19: Growing Distribution Network
Growing Distribution Network Jammu & Kashmir Himachal Pradesh Punjab Uttarakhand HARIDWAR Haryana Ghaziabad Delhi JAIPUR Rajasthan Guwahati Uttar Assam BEGUSARAI Pradesh Bihar West Gujarat Agartala Bengal Bhuj Howrah Madhya Pradesh Morbi Chhattisgarh Kolkata ATHAL (D & N.H) DADRA (D & N.H) Maharasht
Slide 20: Board of Directors
Board of Directors MR. JAYANT S. CHHEDA MR. RAJENDRA GOGRI Founder, Chairman and Managing Director Independent Director Leads by extensive industry knowledge, more than four decades of experience and a founder member since Prince Pipes’ Brings experience of nearly four decades and served as the inco
Slide 21: Awards & Achievements
Awards & Achievements 2025 2024 2023 Achieved Great Place to Work Founder and Chairman Mr. (GPTW) certification Jayant Chheda awarded the 2021 & 2022 Awarded The best channel lifetime achievement award Loyalty Program for second by Society of Plastic Engineers Prince Pipes was among top 2 2017 time
Slide 22: Product Portfolio
Product Portfolio
Slide 23: Product Basket (1/4)
Product Basket (1/4) PLUMBING & New Addition INDUSTRIAL SYSTEMS to the Portfolio SEWERAGE & UNDERGROUND Ball Valve With Rubberized Gripper Handle Investor Presentation 23
Slide 24: Product Basket (2/4)
Product Basket (2/4) AGRICULTURE, WATER STORAGE & SUB SURFACE DRAINAGE WIRE PROTECTION PTMT TAPWARE Investor Presentation 24
Slide 25: Product Basket (3/4)
Product Basket (3/4) Brings home world class plumbing solutions with German Technology • Skolan Safe Premium PP Silent Drainage Systems - offers the latest technological • Prince Hauraton - An innovative range of drainage systems developed with German innovation in noise insulated drainage systems s
Slide 26: Product Basket (4/4)
Product Basket (4/4) A strong platform, complementary to Prince’s growth plans in the high growth Indian bathware market Signed an Asset Purchase Agreement with Klaus Waren Fixtures Pvt Ltd., for the acquisition and assignment of identified assets for Rs. 55 crores in March 2024 Acquisition presents
Slide 27: Launch of new display centers of Aquel
Launch of new display centers of Aquel Investor Presentation 27
Slide 28: Enhancing Brand Visibility during Festive Season
Enhancing Brand Visibility during Festive Season Investor Presentation 28
Slide 29: Poised for Future Growth
Poised for Future Growth
Slide 30: Growth Strategy
Growth Strategy BUILDING PRESENCE ACROSS THE PRODUCT CHAIN TO STRENGTHEN INDIA’S WATER INFRASTRUCTURE PRESENCE ACROSS WATER INFRASTRUCTURE PREMIUMIZATION - THE KEY TO BRAND BUILDING FUTURE CAPACITIES & - ADDING DEPTH TO PRODUCT PORTFOLIO GROWTH MANUFACTURING EXCELLENCE • Continue to launch state-of-
Slide 31: Always Staying ahead of the Curve
Always Staying ahead of the Curve 2012 2020 2023 2025 2008 2014 2021 2024 First company to Early movers in Commissioning of Acquire Renowned venture into North Eastern India with a Telangana plant, marking Bathware Brand Aquel India and set up a unique asset light the Company’s expansion plant at Ha
Slide 32: Focus on Triple Bottom Line
Focus on Triple Bottom Line TRIPLE BOTTOM-LINE GOALS GREEN ENERGY 9,29,027 28,310 MT UP TO Q2 FY26 Tree Seedlings Coal Burned Grown for a Decade Environmental Reduce Green-house gas emissions over the past years Carbon emission reduced MT Carbon Footprint Financial 37.85% (MJ/MT production) since 1,
Slide 33: CSR Initiatives
CSR Initiatives We at Prince Pipes have consistently demonstrated socially responsible behavior towards the community. Our CSR policy focuses on social investments, empowering the plumbing community, and educational initiatives. Reviving Rural Water Systems Empowering Communities Village Development
Slide 34: Way Forward
Way Forward
Slide 35: Way Forward
Way Forward Building presence across the Improving RoCE and RoE ratios product chain to strengthen by monitoring volume and price India’s water infrastructure growth Achieving sustainable growth Reducing costs to ensure through judicious operational comfortable EBITDA margins methods and product inn
Slide 36: Investment Rationale
Investment Rationale Legacy Pipe manufacturer – core competency growing in piping business Committed to transforming India’s water infrastructure through innovation Huge headroom for domestic growth – with Per Capita PVC Consumption lowest in India compared globally Long term demand visibility led b
Slide 37: Historical Financial Highlights
Historical Financial Highlights
Slide 38: Annual Financial Performance
Annual Financial Performance Revenue from Operations EBITDA & EBITDA Margin (%) PAT & PAT Margin (%) 17.5% 15.6% 9.2% 12.0% 6.4% 10.7% 9.4% 4.5% 7.1% 2.0% 2,657 2,711 2,569 415 249 2,524 222 362 2,071 307 183* 250 121 162 43 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25
Slide 39: Thank You
For further information, please contact: Thank You COMPANY: Prince Pipes And Fittings Ltd. CIN: L26932DN1987PLC005837 Mr. Anand Gupta, Chief Financial Officer investor@princepipes.com investor@princepipes.com www.princepipes.com www.princepipes.com INVESTOR RELATIONS ADVISORS: MUFG Intime India Priv
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