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PG Electroplast Limited
(PGEL)
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Rating:54Neutral
Price Target:
₹613.00
▲(4.43% Upside)
Action:Reiterated
Date:06/17/26
The score is driven mainly by financials: strong revenue growth and improved leverage are offset by sharp margin compression and persistently negative free cash flow. Technical indicators are broadly neutral, while valuation is a notable headwind due to the very high P/E and negligible dividend yield.
Positive Factors
Long-term Revenue Scale-up
The substantial multi-year revenue increase indicates that PGEL has expanded its manufacturing scale and customer program base. Continued growth in EMS, ODM, plastics and system integration can support operating leverage if utilization and execution remain disciplined.
Negative Factors
Margin Compression
The sharp fall in gross and net margins signals cost, pricing or product-mix pressure within PGEL’s manufacturing programs. If persistent, weaker margins could limit the earnings benefit of revenue growth and reduce returns on ongoing capacity investments.
Read all positive and negative factors
Positive Factors
Negative Factors
Long-term Revenue Scale-up
The substantial multi-year revenue increase indicates that PGEL has expanded its manufacturing scale and customer program base. Continued growth in EMS, ODM, plastics and system integration can support operating leverage if utilization and execution remain disciplined.
Read all positive factors
PG Electroplast Limited (PGEL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹168.14B
Dividend Yield0.04%
Average Volume (3M)206.81K
Price to Earnings (P/E)82.5
Beta (1Y)2.11
Revenue Growth15.15%
EPS Growth-25.62%
CountryIN
Employees1,844
SectorGeneral
Sector StrengthN/A
IndustryHardware, Equipment & Parts
Share Statistics
EPS (TTM)7.22
Shares Outstanding286,437,620
10 Day Avg. Volume328,021
30 Day Avg. Volume206,814
Financial Highlights & Ratios
PEG Ratio-1.91
Price to Book (P/B)4.38
Price to Sales (P/S)2.53
P/FCF Ratio-17.64
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹675.00Price Target Upside14.99% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)11.19
Revenue Forecast (FY)₹68.58B
PG Electroplast Limited Business Overview & Revenue Model
Company Description
PG Electroplast Limited provides electronic manufacturing services for original equipment manufacturers in India and internationally. The company manufactures and/or assembles various consumer electronic components and finished products, such as k...
How the Company Makes Money
PGEL makes money primarily by contract manufacturing and related services for OEMs/brands, earning revenue from (1) manufacturing and assembly of finished goods and sub-assemblies, and (2) component/parts supply bundled into customer programs. Its...
PG Electroplast Limited Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
78
Positive
Cash Flow
34
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 58.18B | 52.88B | 48.70B | 27.46B | 21.60B | 11.12B |
| Gross Profit | 6.37B | 5.47B | 9.60B | 5.30B | 3.95B | 2.27B |
| EBITDA | 4.51B | 4.45B | 4.56B | 2.51B | 1.75B | 887.82M |
| Net Income | 2.06B | 1.97B | 2.88B | 1.35B | 774.69M | 374.15M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 59.47B | 51.21B | 23.08B | 15.08B | 10.69B |
| Cash, Cash Equivalents and Short-Term Investments | 3.89B | 3.89B | 9.80B | 1.55B | 663.86M | 425.10M |
| Total Debt | 0.00 | 5.97B | 3.84B | 4.35B | 5.77B | 3.99B |
| Total Liabilities | -30.49B | 28.98B | 22.93B | 12.70B | 11.12B | 7.56B |
| Stockholders Equity | 30.49B | 30.49B | 28.28B | 10.38B | 3.96B | 3.12B |
Cash Flow | ||||||
| Free Cash Flow | -4.94B | -7.58B | -5.65B | -404.67M | -1.09B | -2.37B |
| Operating Cash Flow | -1.53B | 272.24M | -765.86M | 1.86B | 457.38M | -794.29M |
| Investing Cash Flow | 66.76M | -2.54B | -12.01B | -4.01B | -1.73B | -1.61B |
| Financing Cash Flow | 1.10B | 1.77B | 13.29B | 2.34B | 1.12B | 2.57B |
PG Electroplast Limited Technical Analysis
Neutral
587.00
Price Trends
588.51
Negative
545.19
Positive
557.32
Positive
Market Momentum
1.69
Positive
44.93
Neutral
18.09
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:PGEL, the sentiment is Neutral. The current price of 587 is below the 20-day moving average (MA) of 606.88, below the 50-day MA of 588.51, and above the 200-day MA of 557.32, indicating a neutral trend. The MACD of 1.69 indicates Positive momentum. The RSI at 44.93 is Neutral, neither overbought nor oversold. The STOCH value of 18.09 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:PGEL.
PG Electroplast Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | ₹283.63B | 77.54 | ― | 0.20% | 53.03% | 70.86% | |
60 Neutral | ₹149.01B | 112.72 | ― | ― | 44.38% | 65.54% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | ₹168.14B | 82.55 | ― | 0.04% | 15.15% | -25.62% | |
53 Neutral | ₹63.38B | 78.30 | ― | ― | -11.90% | 26.33% | |
47 Neutral | ₹9.12B | -78.90 | ― | ― | 132.73% | -227.63% | |
43 Neutral | ₹49.20B | 95.01 | ― | 0.17% | -1.41% | 605.33% |
* General Sector Average
IN:PGEL
PG Electroplast Limited
596.00
54.99
10.16%
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PG Electroplast Limited Corporate Events
PG Electroplast to Join Axis Capital’s India Corporate Day 2026 in Singapore
Aug 11, 2026
PG Electroplast Limited has announced that its representatives will participate in Axis Capital’s India Corporate Day 2026, a group analyst and investor meeting to be held physically in Singapore on August 19, 2026, between 10:00 a.m. and 5:...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.