MOFSL Bullish on Supreme, Astral & Prince Pipes
Published on: 28 June 2025
Analyst-backed pipe stocks poised for breakout as infra demand surges
💡 Industry Outlook: Plastic pipes market set to grow at 14% CAGR till FY27 led by demand in housing, water supply & sanitation.
Stock Targets
| Company | Target Price | Upside |
|---|---|---|
| Supreme Industries | ₹5,400 | 22% |
| Astral Ltd | ₹1,800 | 20% |
| Prince Pipes | ₹500 | 46% |
Why It Matters for Investors
- Supreme: 25 plants, margin expansion, strong growth till FY28
- Astral: Diversified products, exports & innovation-led growth
- Prince: Strong expansion in East India, highest upside
Key Risks
- Polymer price fluctuations
- Real estate slowdown impact
- Rising competition
✅ Final Take: MOFSL gives a Buy rating on all three. With a ₹805B market by FY27, these are high-potential infra stocks.
