PVC, CPVC and other plastic pipes and fittings for water supply and drainage.
Branded CPVC/PVC pipes and fittings, adhesives (Resinova), bathware and paints
Market cap, ratios, CAGR and revenue: company table snapshot as of 30 Oct 2026 (the same figures on every page). Price: snapshot as of 30 Oct 2026. Not investment advice.
Makes the pipes and fittings for water supply, hot water (CPVC), drainage and sewage in homes and buildings, sold through dealers and plumbers.
Plumbing is fitted mid-construction and replaced during renovation, so it follows handovers with a lag. Branded makers have taken share from small unorganised makers.
Branded leaders earn ~12-18% EBITDA on building-products pipes. Fittings, CPVC and adjacent bathware/adhesives earn more than plain PVC pipes; agriculture pipes earn less.