IPO note- Prince Pipes and Fittings.Ltd
Dear Sir/Madam, Prince Pipes and Fittings. Ltd is a well-known, leading manufacturer of pipes and fittings in India in terms of the number of distributors with over 30 years of industry experience. The company markets its products under two brand names: Prince Piping Systems and Trubore. The products have varied application in plumbing, irrigation, and soil, waste and rainwater management. Company Highlights The revenue from operations for Fiscals 2017, 2018 and 2019 was Rs 1,330.0 crore, Rs 1,320.5 crore and Rs 1,571.8 crore, respectively, representing a CAGR of 8.7%. The revenue from operations for the three month period ended June 30, 2019 was Rs 3,79.7 crore. The profit before tax for Fiscals 2017, 2018 and 2019 was Rs 95.9 crore, Rs 95.1 crore and Rs 111.4 crore, respectively, representing a CAGR of 7.8%. The profit before tax for the three-month period ended June 30, 2019 was Rs 33.9 crore Profit for the year for Fiscals 2017, 2018 and 2019 was Rs 74.1 crores, Rs 72.7