Motilal Oswal has reiterated its buy rating on Prince Pipes with a target price of ₹440 per share, implying a potential upside of about 30.1% from the current market price of ₹338.15.
In its analyst day update, the brokerage noted that the PVC pipes market remains under pressure due to volatile PVC prices and weak demand trends. The delay in the implementation of anti-dumping duty (ADD) has also created uncertainty among channel partners, further weighing on domestic PVC prices.
Despite these near-term challenges, Prince Pipes maintained its guidance for FY26. Management expects a healthy demand recovery in the second half of FY26, with seasonal weakness in Q2 already factored in.
Motilal Oswal said the company’s medium-term prospects remain intact, supported by demand normalization, government infrastructure push, and its established market presence.
Disclaimer: The views and investment recommendations expressed are those of Motilal Oswal. These do not represent the views of this publication and should not be considered as investment advice. Investors are advised to consult their financial advisors before making any investment decisions.