Purchase Captain Pipes; aim of thirty rupees: Profitmart

 Purchase Captain Pipes; aim of thirty rupees: Profitmart

Profitmart is optimistic about Captain Pipes and in its research report dated October 29, 2023, it suggested a buy rating on the company with a target price of Rs 30.

Captain Pipes study report from Profitmart

With its facility located in Rajkot, Gujarat, Captain Pipes Limited (CPPL), which was incorporated in 2010, has become one of the top brands in the PVC pipe market. A wide selection of PVC pipes and fittings from CPPL are available for use in plumbing and agriculture. As of right now, CPPL provides over 1500 hardware stores with 1250 SKUs. Column pipes, pressure pipes, UPVC, CPVC, SWR plumbing pipes, agrifittings, and plumbing fittings are all produced by CPPL.

Prospects

We anticipate that CPPL's stock will be rerated with a target price of Rs 30 over the course of the next 12 to 15 months, given its stable financial performance and solid business domain. In summary, we advise purchasing CPPL at about 23.