NSE: PGEL · BSE: 533581 · ISIN INE457L01029
PG Electroplast Limited stock analysis
PG Electroplast Limited ranks #1969 in the TickerSutra evidence-ranked universe with a score of 49/100 and 93% data confidence. The latest captured fundamentals show ROCE of 10.3%, quarterly sales growth of 35.3% and quarterly profit growth of 13.8%.Avoid / exit review
INVESTMENT EVIDENCE
What supports—and challenges—the thesis
Evidence in favour
- Low debt/equity of 0.2×
- 34.8% three-year sales CAGR
- Institutional ownership is rising
- CWIP indicates an active capacity pipeline
- No promoter shares are reported as pledged
Risks and constraints
- CFO/EBITDA is below 0.6×
- Valuation is above 40× earnings
Still unresolved: Related-party exposure · Broad media sentiment
FINANCIAL TRAJECTORY
Recent operating history
| Period | Revenue | Operating profit | Net profit | Operating margin |
|---|---|---|---|---|
| 2022 | ₹1,098cr | ₹75cr | ₹37cr | 7.0% |
| 2023 | ₹2,160cr | ₹177cr | ₹77cr | 8.0% |
| 2024 | ₹2,746cr | ₹262cr | ₹135cr | 10.0% |
| 2025 | ₹4,870cr | ₹484cr | ₹288cr | 10.0% |
| 2026 | ₹5,288cr | ₹387cr | ₹197cr | 7.0% |
| TTM | ₹5,818cr | ₹414cr | ₹206cr | 7.0% |
EXCHANGE EVENT TRIGGERS
Latest corporate disclosures
PG Electroplast Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015
RoutinePG Electroplast Ltd - 533581 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationBSE · 21 Sept 2026Intimation of Analysts/Investors Meeting - Nuvama Emerging India CEO Forum.
MANAGEMENT COMMENTARY
Signals from filed documents
The washing machine business delivered strong year-on- year growth, supported by increasing customer traction and capacity utilisation. Continued investments in capacity expansion, backward integration and product development strengthened manufacturing capabilities. Robust order book across product categories provided strong business visibility and supported sustained operational momentum.
The washing machine business delivered strong year-on- year growth, supported by increasing customer traction and capacity utilisation. Continued investments in capacity expansion, backward integration and product development strengthened manufacturing capabilities. Robust order book across product categories provided strong business visibility and supported sustained operational momentum.
2016 Tooling Capabilities Established the tooling division to strengthen product development and integrated manufacturing capabilities. 2025 2026 2023 2024 Market Leadership Integrated Manufacturing Expansion Capacity Expansion Manufacturing Expansion 2022 Consumer Electronics and Capacity Commenced LED television manufacturing, commissioned the Supa facility, crossed ₹1,000 crores in revenue, launched four ODM platf
Our Air Cooler portfolio offers efficient and reliable cooling solutions engineered to cater to varying consumer demands, supported by integrated product upgradation and manufacturing expertise. Our refrigerator manufacturing facility at Sri City, Andhra Pradesh, is under construction, with commercial production planned for FY 2026-27. The first phase will cover Direct Cool and Side-by-Side models.
PGEL enters FY2026-27 with new capacities coming on stream, a sharper cost structure, better systems and a wider product range than at any point in its history. The outlook across all our business segments remains robust and we are confident of the year ahead. Capital Expenditure Activities: During the financial year 2025-26, the Company on a consolidated basis has incurred H 785 crores on capital expenditure primari
Product Business contributed over 76.2% of total revenue, led by Room Air Conditioners and Washing Machines. Room Air Conditioner business achieved healthy growth despite demand moderation, commodity inflation and supply chain challenges. The washing machine business delivered strong year-on- year growth, supported by increasing customer traction and capacity utilisation.
Vishal Gupta: RAC at a volume level has grown around 20%, 22% for us in this quarter. And rest of the value has come from the price increases. ASP has increased by around 10% to 12%.
On the hand the Net worth increased by just 7.8% during the year to ₹ 3048.6 crores and thus impacting the D/E ratio negatively. Operating profit declined during the year due to the negative operating leverage in the Room AC business as the monsoon arrived earlier and during the year company faced other challenges leading to lower capacity utilisation than previous year and that impacted the operating profit for the
Risk Management Committee Environmental, Health and Safety PG Electroplast Limited integrates Environment, Health and Safety (EHS) principles across its manufacturing operations. The Company focuses on responsible growth, operational excellence and regulatory compliance. During FY2025-26, it expanded its manufacturing footprint while maintaining safe workplaces and reducing environmental impact across its facilities.
Anurag Gupta as the Whole-Time Director of the company for a period of 3 years w.e.f. *Appointment and remuneration approved by shareholders vide special resolution passed via Postal Ballot dated 27th June, 2025. The members of the company at the 23 rd Annual General Meeting held on 29 th September, 2025, approved the following special businesses vide Ordinary Resolutions: a.
In lieu of this, the Company sought written explanations from the concerned Designated Persons. After due consideration of the responses, the Company issued formal warning letters, advising the individuals to exercise greater caution and ensure strict adherence to the applicable regulatory requirements and the CoC thereby adhering to the SEBI PIT Regulations. As on the date of this report, basis communication, SEBI h
And we think that if the compressor QCO is implemented from 1st of April 2027, then compressor pricing should also remain good, and it should be giving us good, decent margins because pricing power will be there in the system because imports will probably be restricted. And you said 4 plus, this is on a gross block basis and any margin guidance for the next year, if possible? PG Electroplast Limited August 07, 2026 P
MANAGEMENT PROMISE LEDGER
Quantified statements on the clock
“PG Electroplast Limited August 07, 2026 Page 20 of 22 Pramod Gupta: No, no. Margin guidance is not there even for this year. This is an aspiration which we have that I have told you that 8% kind of a margin is what we want to reach for the full year.”
HOW TO READ THIS PAGE
Evidence, freshness and limitations
What does the TickerSutra score mean?
The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.
Which sources support this page?
Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.
Why can an item be unresolved?
Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.
Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer
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