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Plaza Wires Limited
(PLAZACABLE)
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Rating:63Neutral
Price Target:
₹66.00
▲(62.68% Upside)
Action:Reiterated
Date:09/06/26
The score is primarily weighed down by weak cash-flow quality (negative free cash flow and volatile operating cash flow) despite improving balance-sheet leverage and strong revenue momentum. Technically, the stock shows strong trend strength above major moving averages, but overbought indicators raise near-term volatility risk. Valuation is moderate-to-demanding at ~25x earnings with no dividend yield support provided.
Positive Factors
Accelerating revenue growth
Accelerating revenue growth indicates improving demand and increasing scale across Plaza Wires’ end markets. If sustained, higher volumes can strengthen distribution reach, improve capacity utilization, and provide a broader base for absorbing fixed manufacturing and operating costs.
Negative Factors
Persistent negative free cash flow
Repeated negative free cash flow indicates that reported growth has not consistently translated into internally generated funds. Continued investment or working-capital absorption could constrain self-funded expansion and increase reliance on external financing if the pattern persists.
Read all positive and negative factors
Positive Factors
Negative Factors
Accelerating revenue growth
Accelerating revenue growth indicates improving demand and increasing scale across Plaza Wires’ end markets. If sustained, higher volumes can strengthen distribution reach, improve capacity utilization, and provide a broader base for absorbing fixed manufacturing and operating costs.
Read all positive factors
Plaza Wires Limited (PLAZACABLE) vs. iShares MSCI India ETF (INDA)
Market Cap
₹2.70B
Dividend YieldN/A
Average Volume (3M)21.36K
Price to Earnings (P/E)25.1
Beta (1Y)1.15
Revenue Growth45.13%
EPS Growth226.82%
CountryIN
Employees192
SectorGeneral
Sector StrengthN/A
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)0.86
Shares Outstanding43,752,080
10 Day Avg. Volume32,345
30 Day Avg. Volume21,356
Financial Highlights & Ratios
PEG Ratio0.12
Price to Book (P/B)0.95
Price to Sales (P/S)0.39
P/FCF Ratio-17.54
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Plaza Wires Limited Business Overview & Revenue Model
Company Description
Plaza Wires Limited, an Indian enterprise headquartered in New Delhi and established in 2006, is a manufacturer and distributor of various electrical goods. The company's product portfolio, primarily serving the Indian market, includes core electr...
How the Company Makes Money
The company makes money primarily by manufacturing and selling wires and cables. Revenue is generated through (1) sale of finished wire and cable products to customers via distribution and dealer/retail trade channels and (where applicable) direct...
Plaza Wires Limited Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
72
Positive
Cash Flow
38
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.63B | 3.18B | 2.18B | 1.99B | 1.82B | 1.77B |
| Gross Profit | 429.45M | 465.17M | 314.55M | 445.09M | 269.25M | 232.01M |
| EBITDA | 104.42M | 160.25M | 87.21M | 110.13M | 158.02M | 133.50M |
| Net Income | 36.38M | 73.03M | 28.84M | 36.77M | 75.10M | 59.54M |
Balance Sheet | ||||||
| Total Assets | 1.75B | 1.83B | 1.64B | 1.73B | 1.13B | 1.05B |
| Cash, Cash Equivalents and Short-Term Investments | 1.35M | 580.00K | 800.00K | 335.12M | 70.00K | 90.00K |
| Total Debt | 337.43M | 320.87M | 252.07M | 413.18M | 397.24M | 402.28M |
| Total Liabilities | 509.00M | 531.44M | 414.52M | 532.52M | 595.07M | 591.26M |
| Stockholders Equity | 1.24B | 1.30B | 1.22B | 1.20B | 530.77M | 455.15M |
Cash Flow | ||||||
| Free Cash Flow | -73.50M | -70.26M | -146.03M | -315.10M | 4.69M | 33.98M |
| Operating Cash Flow | -33.65M | 12.11M | 87.68M | 1.73B | 44.65M | 77.73M |
| Investing Cash Flow | -37.30M | -80.84M | -223.07M | -31.84M | -39.96M | -42.27M |
| Financing Cash Flow | 71.47M | 68.80M | -161.11M | 600.57M | -46.78M | -68.12M |
Plaza Wires Limited Technical Analysis
Positive
40.57
Price Trends
48.20
Positive
47.48
Positive
43.02
Positive
Market Momentum
3.58
Negative
74.26
Negative
88.00
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:PLAZACABLE, the sentiment is Positive. The current price of 40.57 is below the 20-day moving average (MA) of 54.28, below the 50-day MA of 48.20, and below the 200-day MA of 43.02, indicating a bullish trend. The MACD of 3.58 indicates Negative momentum. The RSI at 74.26 is Negative, neither overbought nor oversold. The STOCH value of 88.00 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:PLAZACABLE.
Plaza Wires Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | ₹186.55B | 23.42 | ― | 0.73% | 26.53% | 29.17% | |
70 Outperform | ₹277.23B | 45.75 | ― | 0.40% | 37.66% | 80.22% | |
69 Neutral | ₹463.66B | 46.51 | ― | 0.10% | 20.39% | 31.64% | |
63 Neutral | ₹2.70B | 25.09 | ― | ― | 45.13% | 226.82% | |
60 Neutral | ₹86.16B | 49.12 | ― | 0.27% | 46.02% | 80.46% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
52 Neutral | ₹1.25T | 43.43 | ― | 0.57% | 32.39% | 29.13% |
* General Sector Average
IN:PLAZACABLE
Plaza Wires Limited
58.93
2.70
4.80%
IN:FINCABLES
Finolex Cables Limited
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IN:KEI
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4,695.00
644.14
15.90%
IN:POLYCAB
Polycab India Ltd.
8,254.00
957.43
13.12%
IN:PRECWIRE
Precision Wires India Limited
461.25
282.08
157.44%
IN:RRKABEL
RR Kabel Ltd.
2,387.90
1,185.44
98.58%
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.