Latest news with #PVC
India.com
a day ago
- Entertainment
- India.com
Farhan Akhtar's 120 Bahadur Becomes First Indian Project To Collaborate With Team Behind Hollywood Biggies Like Gladiator, Harry Potter & X-Men
New Delhi: Farhan Akhtar's upcoming war epic 120 Bahadur is all set to transport audiences to the unforgiving terrain of Rezang La — one of the most heroic yet lesser-known chapters of Indian military history. Find out more about the movie here: FAQs What Is the film based on? Actor Farhan Akhtar will be seen as a real-life hero—Maj Shaitan Singh Bhati, PVC. A symbol of courage and sacrifice, Maj Singh's leadership at Rezang La is etched in history. It's a war epic in the making. View this post on Instagram A post shared by Farhan Akhtar (@faroutakhtar) What Is 120 Bahadur Story? The film is based on the legendary Battle of Rezang La during the 1962 India-China War, the film brings alive the extraordinary courage of 120 soldiers from the 13 Kumaon Regiment who stood their ground against an entire Chinese battalion at over 16,000 feet. The teaser of the film will be out in the first week of August. Who are the makers of 120 Bahadur? Directed by Razneesh 'Razy' Ghai and produced by Ritesh Sidhwani, Farhan Akhtar (Excel Entertainment), and Amit Chandrra (Trigger Happy Studios), the film is an Excel Entertainment production. When is it releasing? 120 Bahadur is slated to release in cinemas on November 21, 2025. What does its collab with Snow Business team mean? To recreate the brutal winter backdrop with authenticity, 120 Bahadur becomes the first Indian film to collaborate with Snow Business, the world's leading artificial snow company which has worked with several big Hollywood projects. Known for their work on Gladiator, Harry Potter, X-Men, House of the Dragon, Wonder Woman 1984, and The Witcher, Snow Business now brings their cutting-edge technology and cinematic expertise to India with this landmark project.
Indian Express
2 days ago
- Business
- Indian Express
Stock sinks 50%, profit dives 76%: Can Prince Pipes' Rs 70 Crore Bihar push spark a revival?
In mid-2023, Prince Pipes' stock price touched Rs 740, riding high on hopes of India's booming housing sector, rural water supply push, and its growing brand strength in plumbing solutions. Fast forward twelve months, and the stock now trades near Rs 350, a fall of more than 50%, as the company struggled through one of its most challenging years. In FY25, Prince Pipes reported a 76% decline in profit after tax (PAT), squeezed by sharp volatility in PVC resin prices, unexpected inventory losses, and aggressive dealer incentives that cut deep into margins. Despite a small rise in volumes, revenue dipped, and profitability took a severe knock, shaking investor confidence. But then the company has been expanding capacity, entering new segments like bathware, and doubling down on higher-margin products like CPVC pipes. A major new plant in Bihar, planned capacity scale-up to 60,000 MT, and early traction in its bathware business suggest a longer-term strategy at play. For investors watching these developments, the key question now is not just about past profit decline or stock fall. It is whether the strategic moves can turn Prince Pipes into a stronger, more diversified growth story or if this downturn signals deeper structural headwinds in an intensely competitive market. At its core, Prince Pipes operates in the plastic piping solutions market, serving applications across plumbing, water supply, irrigation, sanitation, and increasingly, interior bathware fittings. The company manufactures and sells pipes and fittings in PVC, CPVC, HDPE, and PPR materials, each with different uses and margin profiles. In FY25, Prince Pipes sold about 1.77 lakh metric tons of products, slightly higher than 1.73 lakh metric tons in FY24, a growth of around 3%. Now, this suggests stable demand despite industry headwinds. However, when you look at numbers, they tell a different story: revenue fell by 2% to Rs 2,524 crore from Rs 2,569 crore last year. Why did the revenue fall? The main reason is lower realisations per ton, meaning the average price at which the company sold each ton dropped. This happened because of: Thus, while Prince Pipes managed to maintain volumes, it came at the cost of lower revenue per ton and weaker margins. PAT also fell sharply by 76% to Rs 43 crore in FY25 from Rs 182 crore in FY24. The EBITDA margin, a key measure of operational profitability, halved to 6% from 12% last year. To understand this, one must look at the gross profit margin, which fell to 25% in FY25 from 29% in FY24. The company booked inventory losses estimated at Rs 90 crore for the year, as high raw material costs previously stocked became unviable to sell at the new lower market prices. These inventory write-downs directly reduced gross profit and, therefore, operating profit. Prince Pipes has a strong focus on PVC pipes, which make up a large part of its sales volume but are generally lower margin compared to CPVC products. In FY25, the company saw double-digit growth in CPVC volumes, which is encouraging because CPVC pipes have higher average realisations and better margins. CPVC is used in hot and cold water plumbing, preferred in residential and commercial buildings for its heat and corrosion resistance. By pushing more CPVC products, Prince aims to improve its margin profile in the long term. Geographic and segment footprint The company has a pan-India presence, supported by eight manufacturing facilities, including its newest plant in Begusarai, Bihar. As of FY25, its network of over 1,500 channel partners helps it reach deep into tier-2 and tier-3 cities, critical markets where modern plumbing and water infrastructure are expanding fast. Besides pipes, Prince is building its bathware business, which contributed Rs 30 crore in FY25 revenue. While still small, this segment can complement the core pipe business by tapping into the same retail and construction channels. According to industry estimates, the domestic pipe industry is projected to grow at around 10-12% CAGR over the next few years. However, this growth is not without challenges. The market has become intensely competitive, with large organised players like Supreme Industries and Astral, as well as a sizeable unorganised segment that competes aggressively on price. This has forced companies like Prince Pipes to balance between protecting margins and maintaining or expanding market share. After a tough FY25, Prince Pipes' management has laid out a cautious but optimistic roadmap. Rather than chasing short-term volume at any cost, the company plans to focus on strengthening its brand, improving product mix, and executing strategic capacity expansions. One of the biggest moves is the expansion at the Begusarai plant in Bihar. The plant started operations in Q4 FY25 with a capacity of 24,000 metric tons. Management aims to scale this up to 60,000 metric tons by the first half of FY26. This facility is strategically important because it will help the company serve east India more effectively, reduce freight costs, and improve service levels in a high-potential market. Besides capacity, management is betting on product diversification, particularly in CPVC pipes and the new bathware segment. CPVC pipes have shown double-digit volume growth even in a difficult year. The bathware business, under the Aquel brand, is still small (Rs 30 crore in FY25 revenue) and loss-making today, but management believes it will reach breakeven in the next four to five quarters. By entering this category, Prince wants to become a one-stop solution provider for builders and households, offering everything from water supply pipes to bathroom fittings. Management also stressed that it will focus on stabilising margins rather than aggressive price cuts. With PVC resin prices bottoming out recently, the company expects a more stable raw material environment in FY26. This should reduce the risk of further inventory losses and help improve gross margins. Management expects double-digit volume growth in FY26, supported by government-led water supply and sanitation programmes, ongoing urban infrastructure expansion, and housing construction recovery. A stable PVC price environment should encourage channel partners to maintain normal inventory levels, unlike the heavy destocking seen last year. Additionally, brand investments such as advertisements and partnerships in high-footfall zones signal Prince Pipes' intention to strengthen consumer recall and trust. The stock has corrected sharply from around Rs 740 in mid-2023 to nearly Rs 350 today. This decline has already priced in much of the near-term pain: inventory losses, margin pressure, and weak short-term growth. At current levels, Prince Pipes trades at an estimated 90 times trailing earnings, which seems high due to the very low FY25 profit base. However, on a forward-looking basis, if the company can deliver its guided double-digit volume growth and gradually recover margins toward its historical average (around 10-12% EBITDA margin), earnings could improve meaningfully over the next two to three years. For example, if Prince Pipes can move closer to Rs 150 crore in PAT over the next two years, the forward price-to-earnings multiple would compress significantly, making the valuation more reasonable. The key is execution: stabilising margins, improving product mix, and successfully ramping up new capacities and bathware business. While the long-term structural demand drivers for pipes and water infrastructure in India remain intact, investors should consider key risks: Raw material price volatility, especially PVC, which could again hurt margins. Intense competition from both large organised players and regional unorganised manufacturers. Execution risk in scaling up new segments like bathware and in achieving breakeven as planned. Economic cycles and government spending trends which can affect construction and housing demand. Overall, Prince Pipes' strategy reflects a long-term focus on becoming a more diversified and resilient company. The expansion into east India, growth in CPVC and bathware, and focus on brand investments all point towards building a stronger business foundation. However, after a year with a 76% drop in profit and continued challenges in demand and margin recovery, this is not a quick turnaround story. Investors considering the stock today must be prepared for near-term volatility and be willing to wait for gradual margin recovery and scale benefits to play out. Note: This article relies on data from annual and industry reports. We have used our assumptions for forecasting. Parth Parikh has over a decade of experience in finance and research and currently heads the growth and content vertical at Finsire. He holds an FRM Charter and an MBA in Finance from Narsee Monjee Institute of Management Studies. Disclosure: The writer and his dependents do not hold the stocks discussed in this article. The website managers, its employee(s), and contributors/writers/authors of articles have or may have an outstanding buy or sell position or holding in the securities, options on securities or other related investments of issuers and/or companies discussed therein. The content of the articles and the interpretation of data are solely the personal views of the contributors/ writers/authors. Investors must make their own investment decisions based on their specific objectives, resources and only after consulting such independent advisors as may be necessary.
Pink Villa
3 days ago
- Entertainment
- Pink Villa
Bollywood Newswrap, July 16: From Salman Khan selling Bandra house to Sidharth-Kiara announcing birth of baby girl
Wondering what happened throughout the day? From Salman Khan selling a Bandra apartment to Sidharth Malhotra and Kiara Advani announcing parenthood, here's a quick recap of all the major highlights of the day. Farhan Akhtar to launch 120 Bahadur teaser in August, will screen with War 2 Farhan Akhtar is all set to launch the teaser of 120 Bahadur in August. The teaser will be attached with the prints of Hrithik Roshan and Jr NTR starrer War 2. For the unversed, Farhan is playing the role of Major Shaitaan Singh Bhati (PVC) in the film. The Razneesh Razy Ghai directorial is based on the Indo-China War of 1962. Sidharth Malhotra and Kiara Advani blessed with a baby girl Sidharth Malhotra and Kiara Advani announced the arrival of a baby girl. On Wednesday Morning, the power couple took to their Instagram handle and shared a cute poster. They accompanied the announcement with a sweet note. "Our hearts are full and our world forever changed. We are blessed with a baby girl. Kiara and Sidharth," their statement reads. The caption featured a folded hands emoji, a pink heart, and an evil eye emoji. Salman Khan sells Bandra West apartment at Rs 5.35 crore Salman Khan sold his lavish Bandra West apartment at a whopping amount of Rs 5.35 crore, as per property registration documents. Located on the 14th floor of Shiv Asthana Heights, the deal also includes a three-car parking space. YRF released a fresh poster of War 2 ft. Hrithik Roshan, Jr NTR, and Kiara Advani Yash Raj Films released a fresh poster of War 2 featuring the lead cast- Hrithik Roshan, Jr NTR, and Kiara Advani. The sleek poster presents Hrithik Roshan holding a sword, Jr NTR giving a deadly look, while Kiara is pointing a gun. The caption of the post reads, 'The biggest showdown of the year loading... (fire emoji) #30DaysToWar2 #War2 only in theatres from 14th August. Releasing in Hindi, Telugu and Tamil. #YRFSpyUniverse.' Stay tuned to Pinkvilla for more updates.
Pink Villa
3 days ago
- Entertainment
- Pink Villa
EXCLUSIVE: Farhan Akhtar and team gear up to launch 120 Bahadur teaser in August; Will screen with War 2
Farhan Akhtar is all set to back a comeback on the big screen as an actor in the form of 120 Bahadur. Produced by Excel Entertainment and Trigger Happy Studios, the Razneesh Razy Ghai directorial is based on the Indo-China War of 1962. The film is slated to hit the big screen on November 21, 2025 and now Pinkvilla has exclusively learnt that Farhan Akhtar and team are all set to launch the teaser of 120 Bahadur in the first week of August. According to reliable sources, the teaser will be a grand affair, as the makers have planned an immersive launch in Mumbai. "120 Bahadur is a big-scale action film, and the makers have gone ahead to make an uncompromised product by roping in international crew for the key action sequences. After Lakshya, this is another army based film from Excel, and the entire team is very bullish on the theatrical prospects of 120 Bahadur," the source shared. In the film, Farhan Akhtar will be seen playing the role of Major Shaitan Singh Bhati (PVC). "Farhan has a special leaning towards biopic, as he considers Bhaag Milkha Bhaag as one of the landmark films of his acting career. He underwent intense prep to play the part of Major Shaitan Singh Bhati (PVC), and will be seen in a never-before avatar in 120 Bahadur. The makers are going ahead with a longer-than-usual marketing campaign to create awareness for its theatrical release," the source added. We hear that the teaser of 120 Bahadur will screen at multiplexes from August 14, 2025 along with the big Independence Day release – War 2 starring Hrithik Roshan and NTR in the lead. The edit work and other aspects of post-production are underway at Excel. Meanwhile, Farhan Akhtar is presently prepping for his next directorial, Don 3 which is scheduled to go on floors with Ranveer Singh and Kriti Sanon from January 2026. The casting for Don 3 is presently underway, and the makers are expected to rope in a top actor to play the antagonist turn.
Time Business News
4 days ago
- Lifestyle
- Time Business News
Black Leather Jeans: The Ultimate Style Statement for Bold Fashion
When it comes to edgy, confident, and iconic fashion pieces, black leather jeans top the list. They're not just pants—they're a statement. From rockstars on stage to streetwear icons, black leather jeans have evolved from subculture staples into mainstream must-haves, appearing everywhere from high-end runways to casual downtown looks. In this article, we'll explore everything you need to know about black leather jeans: their origins, styles, how to wear them, what to pair them with, and why they remain timeless in modern wardrobes. Leather has been a fashion material for centuries, valued for its durability, protection, and aesthetic. In the 20th century, leather pants became symbols of rebellion and boldness—famously worn by bikers, metal bands, and rebellious Hollywood characters. Black leather jeans, specifically, rose to fame in the 1970s and 80s, thanks to rock and punk movements. Artists like Joan Jett, Jim Morrison, and Mick Jagger made them iconic. Over time, designers reimagined leather jeans into sleeker, more refined silhouettes that worked off-stage and off-bike too. Black leather jeans combine the fit and structure of traditional denim jeans with the material and sheen of leather. They usually feature: 5-pocket styling (like classic jeans) (like classic jeans) Belt loops Zippers and button closures Slim, skinny, or straight cuts Genuine leather or faux/vegan leather material They're different from leather leggings or trousers in that they mimic jeans in design, but with the texture and weight of leather. Black leather jeans come in various cuts and finishes to suit different preferences: Hug the body, offer a sleek silhouette, and are perfect for night outs or clubwear. More relaxed, offering room for comfort while keeping a sharp structure. Great for creating a flattering waistline, especially when paired with crop tops or tucked-in shirts. Often includes zippers, ribbing, or panel detailing at the knees—more rugged and edgy. Trendy and perfect for showcasing statement footwear like heels or combat boots. When shopping for black leather jeans, you'll find two major types of materials: Made from animal hides (typically cowhide, lamb, or goat) Durable, ages beautifully Expensive and needs special care Offers natural breathability and flexibility over time Made from synthetic materials like polyurethane (PU) or polyvinyl chloride (PVC) More affordable Animal-friendly and easier to maintain May lack the softness and longevity of real leather but offers similar aesthetics Choose based on your budget, values, and desired look and feel. The best thing about black leather jeans? They're versatile. Here's how you can style them for different vibes: Pair with a white oversized t-shirt, sneakers, and a denim jacket Add a crossbody bag and sunglasses for a laid-back, urban look Match with a silk blouse, heeled ankle boots, and minimalist jewelry Perfect for dinners, dates, or evening events Wear with a band tee, chunky boots, and a leather jacket Add dark eyeliner or smokey makeup for attitude Pair with a crisp white shirt, blazer, and loafers or pointed flats Go for matte-finish leather and minimal embellishments Combine with a turtleneck sweater, long coat, and combat boots Layer with scarves and beanies for warmth and style Black leather jeans never go out of fashion for several reasons: Neutral color : Black goes with everything. : Black goes with everything. Texture contrast : Leather adds depth and visual interest to outfits. : Leather adds depth and visual interest to outfits. All-season appeal : With the right layering, they work in summer and winter. : With the right layering, they work in summer and winter. Edgy but elegant : Can be dressed up or down. : Can be dressed up or down. Uni charm: Loved by men, women, and non-binary fashionistas alike. They blend the boldness of leather with the familiarity of jeans, making them adaptable and iconic. To keep your black leather jeans looking fresh: Avoid direct heat and prolonged sunlight Clean with a damp cloth and mild soap and mild soap Use leather conditioner to prevent drying or cracking to prevent drying or cracking Store them in a cool, dry place on a hanger, not folded Wipe clean with a damp cloth Avoid harsh detergents Don't put them in a dryer—air dry flat Use non-alcoholic wipes for minor stains From high fashion to high street, many brands offer stylish black leather jeans: Luxury : Saint Laurent, Balmain, Isabel Marant : Saint Laurent, Balmain, Isabel Marant Mid-range : AllSaints, Diesel, Zara, Topman : AllSaints, Diesel, Zara, Topman Affordable/Online: ASOS, H&M, Shein, Amazon, Boohoo When shopping online, always check the size guide, material type, and return policy to ensure a good fit. Many celebrities have rocked black leather jeans over the years: Rihanna – mixing high fashion with streetwear – mixing high fashion with streetwear Harry Styles – pairing them with floral shirts and boots – pairing them with floral shirts and boots Gigi Hadid – styling them with trench coats and sneakers – styling them with trench coats and sneakers David Beckham – proving they work well with a classic tee and jacket These stars show that leather jeans can suit any aesthetic—bold, polished, or relaxed. Whether you're channeling rockstar energy, stepping into a night out, or simply upgrading your wardrobe with something sleek and powerful, black leather jeans are a fashion essential. With endless styling options, durable designs, and unmatched attitude, they remain a bold yet classic choice for anyone looking to stand out. So go ahead—zip up, step out, and let your black leather jeans do the talking. TIME BUSINESS NEWS
