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Anand Rathi Report
Prince Pipes and Fitting Ltd.'s demand situation is quite encouraging. But persistent rising prices are a cause of concern.
Management hopes for ~15% volume growth in FY25/26.
It anticipates normal prices in H2 FY25. At the current market price, the stock trades at 46 times FY24 earnings of Rs 14.9. At consensus’ FY25e/26E Rs 19.4/Rs 24.8 EPS, it quotes at 35.4 times /27.6 times.
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