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Disclaimer: This video is only for educational purpose. Consult your financial Advisor before investing your money.
Timestamp:
0:00 - Introduction
3:02 - Company & its leadership
5:52 - Competitive Strength
6:48 - Competitors
7:19 - Key Risk
7:53 - Indian Piping Sector
12:35 - Growth Strategy of Prince Pipe
13:50 - Financials
15:53 - Valuations
16:25 - Conclusion
In this video, I have done the fundamental analysis of Prince Pipe.
We have explored more about the company and its product offering, its management, competitive strength, competitors, key risk and future growth prospects and the financials to understand if Prince Pipe is a fundamentally strong company or not. Finally, we have done the valuation analysis of Prince Pipe and then conclude if it is worth investing in Prince Pipe at current levels
Established in 1987, Prince Pipes and Fittings Limited is an Indian manufacturer of polymer pipes and fittings for plumbing, irrigation and sewage disposal. As of today, Prince pipe has 7 Mfg plants all over the country with 11 warehouses to manage its 7200+ SKUs. Company has a very strong distribution network with 1,500+ channel partners.
There is a major problem of drinking water in the country, a major issue of access to piped water in households especially in rural area, problem of contaminated water, the problem of proper sanitization, etc. All these issues result in increased government spending towards building a proper infrastructure in the country. In the recent Budget 2021, Government has allocated 1.14 Lakh Cr in Urban Swachh Bharat Mission over the next 5 years, Jal Jeevan to provide tap water supply to 2.6 Crore households in India, Ministry of Housing and Urban affairs has been allocated Rs 54,581 Cr. Agriculture credit has been increased to Rs 16.5 lakh Cr. This would result in increased demand for the piping and fitting sector and that’s where Prince pipe has a bright future growth prospect
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