Prince Pipes & Fittings Ltd (PRINCEPIPE)

Prince Pipes Partners with Unnati for Digital Sales - 02 Apr, 2024

Prince Pipes has partnered with fintech-powered digital farming company, Unnati, to offer their products online. This will help Prince Pipes tap into a vast online customer base and leverage the convenience of digital channels.

Prince Pipes & Fittings Has Conservative Balance Sheet - 26 Mar, 2024

Prince Pipes & Fittings has a net cash balance and could eliminate its debt without much difficulty. The company's EBIT grew by 68% over the last year, making it easier to handle its debt. However, its free cash flow is weaker than expected, which could impact its ability to pay down debt.

Prince Pipes Acquires Bathware Brand Aquel; Analysts Recommend Buying Stock - 22 Mar, 2024

Prince Pipes & Fittings Ltd acquires Aquel for INR 550mn, potentially boosting its presence in the bathware segment. Geojit recommends buying with a target price of Rs. 659, while ICICI Securities upgrades to Buy with a revised Mar25 TP of Rs. 723.

Prince Pipes Acquires Aquel Brand and Plant - 21 Mar, 2024

Prince Pipes & Fittings Ltd acquires the Aquel brand and plant located at Bhuj, Gujarat from Klaus Waren Fixtures and Narshi Mulji Shah for a cash consideration of up to Rs 55 crore. The acquisition will be funded through internal accruals.

Prince Pipes & Fittings to Acquire Aquel Brand - 20 Mar, 2024

Prince Pipes & Fittings has entered into an asset purchase agreement with Klaus Waren Fixtures and NM Shah to acquire the Aquel brand, along with all intellectual property, land, buildings, civil structures, and other office equipment for a cash consideration of ₹55 crore. The acquisition will help Prince Pipes set up an in-house manufacturing facility and expand its presence in the bathware segment.