Prince Pipes and Fittings Limited - manufacturing in Dadra And Nagar Haveli, India. FY 2026 financials & compliance.
CIN L26932DN1987PLC005837 Incorporated 13 November 1987 ROC Ahmedabad HQ Dadra And Nagar Haveli, India
Active Listed - NSE: PRINCEPIPE · BSE: 542907 Public Limited Company manufacturing
Data last updated
Market Cap
₹2,900 Cr
PRINCEPIPE · NSE
Share Price
₹251.00
-4.31% today
Revenue
₹2,598 Cr
FY 2025-26 · +3.0% YoY
EBITDA
₹232 Cr
Margin 8.9%
Net Profit
₹74.04 Cr
FY 2025-26 · +73.6% YoY
P/E (TTM)
28.6x
P/B 1.8x
ROE
4.7%
ROCE 6.0%
Debt / Equity
0.13
Interest cover 9.6x

About Prince Pipes and Fittings Limited

Data last updated:

Prince Pipes and Fittings Limited is a public limited company based in Dadra And Nagar Haveli, India. It operates in the fittings and components segment of the manufacturing sector. It was incorporated on 13 November 1987 and has been in existence for over 39 years.

Its director Rajendra Vallabhaji Gogri is #852 among India's richest people (2026). Its director Jayant Shamji Chheda and family are #1,090 among India's richest people (2026).

The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L26932DN1987PLC005837. Its GSTIN is 26AAACP2319J1ZK (Dadra and Nagar Haveli and Daman and Diu). The company holds 21 GST registrations, of which 19 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 542907 and NSE: PRINCEPIPE.

The company has an authorised share capital of ₹150 Cr and a paid-up capital of ₹110.56 Cr. It was formerly known as Prince Pipes and Fittings Private Limited. It is led by directors including Jayant Shamji Chheda (Managing Director) and Parag Jayant Chheda (Whole-Time Director).

Its last annual general meeting (AGM) was held on 16 September 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Survey No. 132/1/1/3, Athal Road Village Athal Silvassa, Dadra and Nagar Haveli, India – 396235.

As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹2,598.33 Cr, a growth of 2.9% compared to the previous year. For the same year it recorded a net profit of ₹74.04 Cr (net margin 2.8%) and EBITDA of ₹231.61 Cr (EBITDA margin 8.9%). The net worth stands at ₹1,644.51 Cr (up 4.3% YoY). Total assets are valued at ₹1,815.62 Cr (down 3.2% YoY).

The company has about 1,975 employees on its provident fund (EPFO) records.

The company is associated with 2 brands: Trubore and Prince Pipes And Fittings. As per MCA filings, the company has open charges of ₹824.7 Cr and satisfied charges of ₹2,428.85 Cr on record. Court records list 390 cases involving the company, including 139 filed by the company and 251 filed against it; 156 cases are pending. The company has 22 deals on record (15 secondary share transfers, 5 market trades, 1 ipo), with disclosed funding of ₹106.18 Cr; the latest was in November 2023. The company has 13 MSME Form 1 returns on record between 2019 and 2024, listing 3,299 overdue payments to 389 micro and small suppliers.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website princepipes.com.

Company details

CIN L26932DN1987PLC005837
Registration Number 005837
Incorporation Date 13 November 1987
ROC Ahmedabad
Listing Status Listed - Listed on NSE (PRINCEPIPE); Listed on BSE (542907)
Company Status Active
Date of Last AGM 16 September 2026
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant

CIN history

Prince Pipes and Fittings has 4 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L26932DN1987PLC005837, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
L26932DN1987PLC005837Current
L26932GA1987PLC006287Previous
U26932MH1987PTC045287Previous
U26932GA1987PLC006287Previous
U26932GA1987PTC006287Previous

Recognitions & Rankings of Prince Pipes and Fittings

Contact details

Prince Pipes and Fittings Limited's registered office is in Dadra & Nagar Haveli, Dadra & Nagar Haveli. Its website is princepipes.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Social Media
  • Registered Address
    Survey No. 132/1/1/3, Athal Road Village Athal Silvassa, Dadra and Nagar Haveli, India – 396235
  • Industry
    Manufacturing, Fittings & Components, Pipe & Tubes

To see the full contact details of Prince Pipes and Fittings Limited, buy the company report.

Comprehensive company report
Prince Pipes and Fittings Limited - one report that includes everything
  • Company details, directors and signatories
  • Historical financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Legal cases, compliance and MCA filings
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included

Brands

Prince Pipes and Fittings operates two associated brands: Trubore and PRINCE PIPES AND FITTINGS. Each brand links to its own profile.

BrandDescriptionWebsite
Industrial piping systems are developed and manufactured for various sectors.princepipes.com
Manufacturing of PVC, CPVC, uPVC pipes, fittings, and water tanks for plumbing, drainage, and agriculture sectors in India.truborepipes.com

Business activity

The main business activity of Prince Pipes and Fittings is manufacturing. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC8Plastic products, non-metallic mineral products, rubber products, fabricated metal products

To see the full business activity and turnover split of Prince Pipes and Fittings Limited, buy the company report.

Financials of Prince Pipes and Fittings Limited

FY 2025-26 filings available

Prince Pipes and Fittings Limited reported revenue of ₹2,598.33 Cr (up 2.9% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Standalone
Revenue
₹2,598 Cr
+2.9% YoY
EBITDA
₹232 Cr
+42.0% YoY
Profit After Tax
₹74.04 Cr
+73.6% YoY
Net Worth
₹1,645 Cr
+4.3% YoY
Total Assets
₹1,816 Cr
-3.2% YoY
Total Debt
₹145 Cr
-47.5% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue2,5982,5242,5692,7112,6572,0721,636
Revenue growth+3.0%-1.8%-5.2%+2.0%+28.3%+26.7%-
EBITDA232163307250416362229
EBITDA margin+8.9%+6.5%+12.0%+9.2%+15.6%+17.5%+14.0%
Profit before tax10258.84244165337299151
Net profit74.0442.66166121250224114
Net profit margin+2.9%+1.7%+6.5%+4.5%+9.4%+10.8%+6.9%
EPS (₹)6.803.9016.5110.9822.5620.1610.23
Balance sheet
Total assets1,8161,8751,6921,4411,4301,1431,128
Net worth1,6451,5761,5441,3641,2651,043838
Total debt14527713062.8715288.04264
Cash & bank12983.0177.7112258.64230257
Net working capital576834796631720536576
Cash flow
Cash from operations52611932.90360(19.50)292102
Cash from investing(325)(235)(126)(142)20.48(69.72)(368)
Cash from financing(153)12047.53(128)22.19(214)257
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue609850573595580720578622
Revenue growth (YoY)+5.0%+18.1%-0.8%-4.4%-4.0%---
Other income4.004.581.941.622.745.721.643.94
Total expenses532740547540541665573576
EBITDA77.1611025.8554.8539.8154.844.6645.69
EBITDA margin+12.7%+12.9%+4.5%+9.2%+6.9%+7.6%+0.8%+7.3%
Depreciation35.0234.3033.5632.4830.7527.2826.4327.56
Interest3.244.29(3.76)4.235.443.345.071.64
Profit before tax42.9075.60(2.01)19.766.3629.94(25.20)20.43
Tax9.1419.520.375.131.545.76(4.76)5.72

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 23 Oct 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue609850573595580720578622
Revenue growth (YoY)+5.0%+18.1%-0.8%-4.4%-4.0%---
Other income4.004.581.941.622.745.721.643.94
Total expenses532740547540541665573576
EBITDA77.1611025.8554.8539.8154.844.6645.69
EBITDA margin+12.7%+12.9%+4.5%+9.2%+6.9%+7.6%+0.8%+7.3%
Depreciation35.0234.3033.5632.4830.7527.2826.4327.56
Interest3.244.29(3.76)4.235.443.345.071.64
Profit before tax42.9075.60(2.01)19.766.3629.94(25.20)20.43
Tax9.1419.520.375.131.545.76(4.76)5.72
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue2,5982,5242,5692,7112,6572,0721,636
Revenue growth+3.0%-1.8%-5.2%+2.0%+28.3%+26.7%-
Other income10.8913.4034.028.555.4717.606.94
Total expenses2,3672,3612,2612,4612,2411,7101,407
Employee cost17316913511010186.2386.24
EBITDA232163307250416362229
EBITDA margin+8.9%+6.5%+12.0%+9.2%+15.6%+17.5%+14.0%
Depreciation13110791.1783.0170.3159.4251.98
Interest9.6210.656.5011.0113.9020.6733.17
Profit before tax10258.84244165337299151
Tax26.5615.7161.2743.4287.4777.3138.06
Net profit74.0442.66166121250224114
Net profit margin+2.9%+1.7%+6.5%+4.5%+9.4%+10.8%+6.9%
EPS (₹)6.803.9016.5110.9822.5620.1610.23
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital111111111111111110110
Reserves & surplus1,5341,4661,4341,2531,155933728
Shareholders' funds (net worth)1,6451,5761,5441,3641,2651,043838
Secured loans14026411458.1315055.21216
Unsecured loans5.3512.6315.204.741.9332.8347.68
Total debt14527713062.8715288.04264
Total liabilities1,8161,8751,6921,4411,4301,1431,128
Assets
Gross block1,7031,4851,2211,027921711646
Net block1,066961798681646503489
Capital work in progress25.9319.7735.3623.5622.5676.557.53
Investments14826.9638.1991.9911.731.460.63
Inventories495609438426619227345
Sundry debtors363423585415435331180
Cash & bank balances12983.0177.7112258.64230257
Loans & advances17214410814310517463.49
Total current assets1,1601,2591,2091,1061,217962845
Total current liabilities585425412474497426269
Net working capital576834796631720536576
Total assets1,8161,8751,6921,4411,4301,1431,128
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash80.2276.1412131.618.440.068.89
Net cash from operating activities52611932.90360(19.50)292102
Net cash from investing activities(325)(235)(126)(142)20.48(69.72)(368)
Net cash from financing activities(153)12047.53(128)22.19(214)257
Net change in cash48.074.09(45.33)89.8523.178.39(8.83)
Closing cash12983.0177.7112258.64230257
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+3.0%-1.8%-5.2%+2.0%+28.3%+26.7%-
EBITDA growth+42.0%-46.9%+22.8%-39.8%+14.9%+58.1%-
PBT growth+73.0%-75.9%+47.9%-51.1%+12.6%+98.7%+35.3%
Net income growth+73.6%-74.3%+37.5%-51.7%+11.8%+96.9%-
Revenue CAGR (3Y)-1.4%-1.7%+7.4%+18.3%+19.1%+16.4%+9.5%
EBITDA CAGR (3Y)-2.6%-26.8%-5.3%+3.0%+31.2%+30.3%+12.1%
Profitability & leverage
Net income margin+2.9%+1.7%+7.1%+4.5%+9.4%+10.7%+6.9%
Return on capital employed+6.0%+3.9%+16.0%+12.3%+27.3%+28.2%+19.9%
Return on net worth+4.7%+2.8%+12.6%+9.2%+21.6%+23.6%+18.2%
Debt / equity0.130.130.070.080.100.190.45
Long-term debt / equity0.050.040.010.000.000.020.12
Interest cover9.5718.993.016.584.036.8418.76
Efficiency & per share
Fixed asset turnover1.631.862.282.783.263.052.93
Inventory turnover4.704.825.955.196.287.246.00
Debtors turnover6.615.015.146.386.948.127.61
EPS (₹)6.803.9016.5110.9822.5620.1610.23
Dividend per share (₹)1.000.501.000.003.503.501.00
Book value per share (₹)148.74142.59139.69123.37114.4494.8476.13

To see the full year-wise statements and ratios of Prince Pipes and Fittings Limited, buy the company report.

Board of directors of Prince Pipes and Fittings Limited

Prince Pipes and Fittings has 6 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Jayant Shamji ChhedaManaging Director13 Nov 198738 Years 11 MonthsCurrent
Parag Jayant ChhedaWhole-Time Director27 Apr 199630 Years 5 MonthsCurrent
Vipul Jayant ChhedaWhole-Time Director11 Mar 199729 Years 7 MonthsCurrent
Rajendra Vallabhaji GogriDirector25 Jun 20206 Years 3 MonthsCurrent
Ankur Mohinder BansalDirector16 May 20242 Years 5 MonthsCurrent
Amisha Niraj VoraDirector10 Aug 20233 Years 2 MonthsCurrent

Auditor

Prince Pipes and Fittings Limited is audited by N.A. Shah Associates LLP for the financial year 2024.

Auditor firmFinancial yearFirm registration number
N.A. Shah Associates LLPFY 2024116560W/ W100149

Shareholding

Shareholding for the quarter ended Sep 2026: promoters hold 61.00%, foreign institutional investors hold 3.10%, domestic institutional investors hold 15.30% and retail and other public shareholders hold 20.70%.

Promoters: 61.00%DII (Domestic Institutional): 15.30%FII (Foreign Institutional): 3.10%Retail & Others: 20.70%
Sep 2026
QUARTER
61.00% Promoters
15.30% DII (Domestic Institutional)
3.10% FII (Foreign Institutional)
20.70% Retail & Others
Promoter holding - history
Now 61.00% · Sep 2026High 61.00% · Jun 2026Low 60.90% · Dec 2025
59%59.8%60.5%61.3%62%Dec 2025Mar 2026Jun 2026Sep 2026Dec 2025: 60.90%Mar 2026: 60.90%Jun 2026: 61.00%Sep 2026: 61.00%61.00%60.90%61.00%
Shareholding trend - last 6 quarters
Sep 2026Jun 2026Mar 2026Dec 2025
Promoters61.00%61.00%60.90%60.90%
Public39.00%39.00%39.10%39.10%

Charges & borrowings

Open charges
₹824.7 Cr
Satisfied charges
₹2,428.85 Cr
Breakdown by lending institutions
Others₹430.00 Cr
Axis Bank Limited₹245.00 Cr
Hdfc Bank Limited₹149.70 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
11 Oct 2023100805977Others₹70 CrOpen
17 Aug 2021100476662Hdfc Bank Limited₹149.7 CrOpen
30 Jul 2021100471605Others₹100 CrOpen
12 Jul 2021100460242Others₹85 CrOpen
10 Mar 2021100426020Others₹175 CrOpen

To see the full charge records of Prince Pipes and Fittings Limited, buy the company report.

Total charge records: 53 View all charges

Deals & funding

Prince Pipes and Fittings Limited has 22 deals on record (15 secondary share transfers, 5 market trades, 1 ipo), with disclosed funding of ₹106.18 Cr; the latest was in November 2023.

Total deals
22
Secondary share transfers
15
Market trades
5
IPO
1
Funding round
1
Disclosed funding
₹106.18 Cr

Deals on record (5 of 22)

WhenDealAmountParties
Nov 2023Market trade₹107.63 CrBuyer: Graviton Research Capital LLP , NK Securities Research Private Limited
Seller: Graviton Research Capital LLP , NK Securities Research Private Limited
Feb 2023Market trade₹48.15 CrSeller: an individual
Feb 2023Market trade₹105.53 CrBuyer: Norges Bank On Account Of The Government Pension Fund Global
Seller: an individual
Dec 2019IPO₹500 CrInvestors: Ipo - Prince Pipes And Fittings Limited, Oman India Joint Investment Fund, HDFC Life Insurance Company Limited
Seller: 4 individuals
Mar 2014Secondary share transferUndisclosedBuyer: 2 individuals
Seller: Pinnacle Realty Projects Private Limited , Prince Multiplast Private Limited

To see the full deal history of Prince Pipes and Fittings Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME payment delays

Prince Pipes and Fittings Limited has 13 MSME Form 1 returns on record between 2019 and 2024, listing 3,299 overdue payments to 389 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.

Suppliers with reported dues (5 of 389)

SupplierAmount dueDue sinceReported on
Magic Retail Ventures Private Limited
Bharadwaj Packaging Private Limited
an individual supplier
an individual supplier
Orbittal Electromech Engineering Projects Private Limited

To see the full MSME payment records of Prince Pipes and Fittings Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Employees & EPFO

Prince Pipes and Fittings Limited has a workforce of 1,975 employees on its EPFO records as of Dec 22, 2024, across 2 active EPFO establishments.

Employee count
1,975
Active EPFO establishments
2
Employee growth
8.76%

GST

Prince Pipes and Fittings has 21 GST registrations: 19 active and 2 cancelled or inactive. The first 4 active GSTINs are listed below.

Total GSTINs
21
Active
19
Cancelled / inactive
2
GSTINStateStatusRegistered on
26AAACP2319J1ZKDadra and Nagar Haveli and Daman and DiuActive01 Jul 2017
05AAACP2319J1ZOUttarakhandActive01 Jul 2017
09AAACP2319J1ZGUttar PradeshActive01 Jul 2017
10AAACP2319J1ZXBiharActive01 Jul 2017

To see the full GST registrations and return filing status of Prince Pipes and Fittings Limited, buy the company report.

Recent activity

Prince Pipes and Fittings Limited has 24 board changes on record since 1987: 15 appointments and 9 cessations. The latest: Dilip Shrikrishna Deshpande ceased to be Director on 18 May 2024.

AGM
Prince Pipes And Fittings Limited last Annual general meeting of members was held on 16 Sep 2026 as per latest MCA records.
Filing
Prince Pipes And Fittings Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Ahmedabad.
Charges
A charge with Others of Rs. 100.00 Cr registered on 30 Jul 2021 with Charge ID 100471605 was modified on 24 Nov 2025.
Charges
A charge registered on 04 Jun 2021 via Charge ID 100454195 with Standard Chartered Bank was fully satisfied on 24 Jun 2025.
Charges
A charge with Others of Rs. 175.00 Cr registered on 10 Mar 2021 with Charge ID 100426020 was modified on 12 Feb 2025.
Charges
A charge with Axis Bank Limited of Rs. 245.00 Cr registered on 29 Sep 2020 with Charge ID 100379965 was modified on 03 Feb 2025.
Charges
A charge with Others of Rs. 70.00 Cr registered on 11 Oct 2023 with Charge ID 100805977 was modified on 28 Jan 2025.
Ceased
Dilip Shrikrishna Deshpande ceased to be Director.
Appointed
Ankur Mohinder Bansal was appointed as Director.
Charges
A charge with Others of Rs. 85.00 Cr registered on 12 Jul 2021 with Charge ID 100460242 was modified on 25 Apr 2024.
Charges
A charge with Others amounted to Rs. 70.00 Cr with Charge ID 100805977 was registered on 11 Oct 2023.
Ceased
Ramesh Chandak ceased to be Director.

140 earlier events are in the company report.

Frequently asked questions

Prince Pipes and Fittings is an active public limited company based in Dadra And Nagar Haveli, India. The company works in fittings and components, within the manufacturing industry. It was incorporated on 13 November 1987 (39+ years old) and is registered under CIN L26932DN1987PLC005837. Listed on BSE: 542907 and NSE: PRINCEPIPE.

Prince Pipes and Fittings reported revenue of ₹2,598.33 Cr for FY 2025-26 (up 2.9% YoY) based on standalone financials.

Prince Pipes and Fittings has 6 current directors:

The latest financial statements of Prince Pipes and Fittings on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 16 September 2026. Year-wise statements from 2015 are in the company report.

The GSTIN of Prince Pipes and Fittings is 26AAACP2319J1ZK, registered in Dadra and Nagar Haveli and Daman and Diu. The company has 21 GST registrations in all, of which 19 are active and 2 are cancelled or inactive. Other active GSTINs include 05AAACP2319J1ZO (Uttarakhand), 09AAACP2319J1ZG (Uttar Pradesh), 10AAACP2319J1ZX (Bihar).

The CIN (Corporate Identification Number) of Prince Pipes and Fittings is L26932DN1987PLC005837. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Prince Pipes and Fittings is a listed company as per MCA records. Its shares are listed on both BSE (code: 542907) and NSE (symbol: PRINCEPIPE).

Prince Pipes and Fittings has 390 court cases on record: 139 filed by the company and 251 filed against it. 156 are pending. Most are in the district courts.

Prince Pipes and Fittings was incorporated on 13 November 1987, making it 39+ years old. It is registered with the Registrar of Companies, Ahmedabad.

Prince Pipes and Fittings has 22 deals on record (15 secondary share transfers, 5 market trades, 1 ipo), with disclosed funding of ₹106.18 Cr; the latest was in November 2023.

Dilip Shrikrishna Deshpande ceased to be Director on 18 May 2024. Ankur Mohinder Bansal was appointed as Director on 16 May 2024. Ramesh Chandak ceased to be Director on 15 Sep 2023. Prince Pipes and Fittings has 24 board changes on record in total.