Prince Pipes Approves FY26 Results and Recommends Dividend at Board Meeting
Prince Pipes and Fittings Limited announced key outcomes from its Board of Directors meeting held on May 19, 2026. The company approved its standalone audited financial results for the quarter and full financial year ended March 31, 2026, and recommended a final dividend for the financial year 2025-26.The Board meeting also approved the appointment of the company's auditors and key managerial personnel for the subsequent terms.
Financial Performance and Dividend Recommendation
For the financial year ended March 31, 2026, the Board recommended a final dividend of Re. 1/- (10%) per fully paid-up equity share. This dividend is subject to the approval of the shareholders at the ensuing Annual General Meeting (AGM). The total face value of the equity share is Rs. 10/- each.The company released a detailed summary of its financial results, providing comparative data for the period.
Statement of Assets and Liabilities (Rs. in millions)
| Particulars | As at 31.03.2026 (Audited) | As at 31.03.2025 (Audited) |
|---|---|---|
| TOTAL ASSETS | 24,238.5 | 23,193.7 |
| Current Assets | 13,082.1 | 12,857.5 |
| Total Non-Current Assets | 11,156.4 | 10,336.2 |
| TOTAL EQUITY AND LIABILITIES | 24,238.5 | 23,193.7 |
| Total Equity | 16,445.1 | 15,764.4 |
| Total Non-Current Liabilities | 1,131.73 | 1,359.25 |
| Total Current Liabilities | 6,661.7 | 6,070.07 |
Profit and Loss Highlights (Rs. in million)
The company’s statement of financial results for the year ended March 31, 2026, showed key metrics including a Total Income of 26,092.17 for the full financial year, compared to 25,373.20 for the previous year.The Profit/Loss for the period after tax (after exceptional items) for the year ended March 31, 2026, stood at 731.82.
Statement of Cash Flow (Rs. in millions)
| Particulars | Year ended 31.03.2026 | Year ended 31.03.2025 |
|---|---|---|
| Net Cash Flow from Operating Activities | 5,264.64 | 1,189.43 |
| Net Cash Flow from Investing Activities | (3,250.76) | (2,346.52) |
| Net Cash Flow from Financing Activities | (1,533.13) | 1,197.97 |
| Net Increase/(Decrease) in Cash & Cash Equivalents | 480.75 | 40.87 |
Corporate Governance Updates
The Board of Directors utilized the meeting to update key corporate positions and audit appointments.Key Managerial Personnel Appointment
Ms. Jyoti Sancheti (Membership Number: F9639) was appointed as the Company Secretary and Compliance Officer, taking effect from May 19, 2026.
Appointment of Statutory and Cost Auditors
The Board approved the reappointment of M/s. N. A. Shah Associates LLP, Chartered Accountants, as the Statutory Auditors of the Company. This appointment covers the 2nd term of five consecutive years, from the conclusion of the 39th Annual General Meeting until the conclusion of the 44th Annual General Meeting, pending shareholder approval.
Additionally, Smt. Ketki D. Visariya, Cost Accountant (Membership Number: 16028), was appointed as the Cost Auditor for the Financial Year 2026-27.
Company Profile
Prince Pipes and Fittings Limited is engaged in manufacturing and selling Pipes, Fittings, and allied products in India. The company’s products include UPVC, CPVC, PPR, and HDPE Pipes, Fittings, Valves, and Water Tanks.PRINCEPIPE Stock Price Movement
Today, Prince Pipes And Fittings Limited shares rallied to close at ₹269.15, marking a gain of 7.18% for the session. The stock was supported by robust trading activity, recording a volume of 839,188 shares today.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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