Prince Pipes and Fittings' credit ratings reaffirmed by CRISIL

On December 9, 2025, Prince Pipes and Fittings Limited announced that CRISIL Ratings Limited reaffirmed its credit ratings for the company's bank facilities, totaling INR 768 crore. The long-term rating was reaffirmed at 'Crisil A+/Negative', while the short-term rating was reaffirmed at 'Crisil A1+'.

The reaffirmed ratings are supported by the company's strong market position in the domestic plastic pipe industry, diverse product portfolio, and geographically diverse capacities. These strengths are balanced against susceptibility to fluctuations in raw material prices and foreign exchange rates, as well as exposure to intense competition.

As of September 30, 2025, Prince Pipes and Fittings reported a healthy adjusted net worth of INR 1584.99 crore, with gearing at 0.14 times. Cash and cash equivalents stood at INR 133.38 crore, contributing to ample liquidity.