PVC PIPE INDUSTRY SEES A STRONG UPSWING DUE TO STRONG DEMAND

Indian plastic pipe industry has evolved a long way by achieving a 10% Compunded Annual Growth Rate (CAGR) over the last decade to reach a size of Rs 54,100 crore in FY24, and it expected to grow at a 14% CAGR to Rs 80,500 crore by FY27. This rapid increase is driven by strong demand from housing, irrigation, water supply and sanitation sector. Further, many projects are replacing steel pipes with plastic pipes going forth. The three major listed companies

, , are some of the key players operating in the Indian plastic pipes space and they are well-positioned to gain further market share and deliver a healthy earnings trajectory. However, need to note that fluctuation in polymer prices posess a key risk for these stocks.