The Indian manufacturing sector has slowly but steadily been growing over the past few years. The tagline of ‘Make in India’ is starting to gain momentum, and every proud Indian wants products with that tag. People are also shifting to Production Linked Incentive (PLI) schemes, with many domestic manufacturers benefiting from this. One such company that seems to have gained a lot of attention in this space is PG Electroplast.
For those who don’t know about the company, PG Electroplast is a company that actually operates in the electronic manufacturing services (EMS) industry. It is known to manufacture components and other finished products for major consumer brands. In the past few years, the company has made some tremendous growth in its profits and revenue.
This article will cover a complete guide on the analysis of the company’s stock prices, its market predictions and much more.
PG Electroplast Ltd – Overview Company
PG Electroplast Ltd was founded back in 2003, and it is headquartered in Greater Noida, India. The company has been in the business of electronic manufacturing services (EMS) and plastic injection moulding.
The company works as a contract manufacturer for various renowned consumer electronics brands. It also includes appliance brands. Instead of other brands producing their products themselves, they end up outsourcing the manufacturing to companies like PG Electroplast.
Over the years, PG Electropast has expanded its product range and now manufactures a wide range of electronic products. They also manufacture consumer products.
What does PG Electroplast Manufacture do?
PG Electroplast produces a wide range of products and other components that are used in consumer appliances and electronics.
Some of the key products include:
- Air conditioners
- Air cooler components
- Washing machine parts
- Refrigerator components
- LED TV components
- Plastic moulded products
Apart from that, the company also manufactures complete products for brands and not just components.
Recent Stock Performance
As of early March 2026, the PEGL shares trade around ₹549.20. This is down by 5.5% in a recent session as the stock hit a 52-week high of ₹1008 and a low of ₹465. This showcases volatility, but also a strong upside potential.
The market cap stands at around ₹17,383 crores, thus ranking it at around 10th in its sector. The beta of 0.46 means that it is less volatile than the market. This is good for steady investors who are looking for stability and not extreme volatility. The volume-weighted average price is around ₹613, which is near current levels.
Over the past year, the shares have surged due to revenue growth. The recent dips, however, reflect a broader market trend. The face value of the share is at ₹1, with a tiny dividend yield of around 0.04%.
Financial Highlights and Analysis
PGEL’s growth, however, has been quite impressive. For the FY 2025, the consolidated revenue of the company surged. The revenue jumped to ₹4870 crores from ₹2746 crores in FY 2024, which shows a 77% increase. The net profit rose to ₹ 291 crores from ₹137 crores.
Way back, in the earlier years, a steady expansion was visible. The FY 2023 showed a revenue of ₹2160 crores, and FY 2022 showed ₹1112 crores. FYI, 2021 showed revenue of ₹703 crores. The multi-year doubling of sales highlights a supreme success.
The book value per share of PG Electroplas trades at ₹99-102 with a total book value of around ₹2799 crores. The EPS trails around 12 months and is ₹9.71.. Apart from this, the return on capital employed is valued at 19.4%, with a return on equity (ROE) at 14.9%.
PG Electroplast Fundamentals
| Metric | Value |
| Market Cap | ₹17,818 Cr |
| ROE | 8.77% |
| P/E Ratio (TTM) | 64.31 |
| EPS (TTM) | 9.71 |
| P/B Ratio | 6.14 |
| Dividend Yield | 0.04% |
| Industry P/E | 54.22 |
| Book Value | 101.71 |
| Debt to Equity | 0.20 |
| Face Value | 1 |
Technical Indicators
| Indicator | Value |
| Current Price | ₹549.20 (est.) |
| 52-Week High | ₹1,008.00 |
| 52-Week Low | ₹465.00 |
| VWAP | ₹613.00 |
| Volume (avg) | High turnover |
| Beta | 0.46 |
| RSI (14-day) | Neutral-sell |
| MACD | Bearish cross |
| Moving Averages | Sell signal |
Quarterly Results Breakdown
The recent quarters confirm that the company has had momentum. Q3 FY 2026 shows a net sales of around ₹367.49 crores, an operating profit of around ₹33.64 crores.
The second quarter holds sales of around ₹376.27 crores and an operating profit of around ₹39.36 crores, which is the strongest.
The first quarter showed sales of around ₹334.65 crores, operating profile of around ₹31.77 crores. Earlier, the 4th quarter showed sales of around ₹350.33 crores, but the operating profit had dipped to ₹13.25 crores due to a surge in expenses.
Other expenses showed around ₹19-25 crores per quarter. The interest is low at ₹2.76-3.42 crores. The total expenditure hovers at around 90-92% of sales.
The trailing twelve months revenue is about ₹5.481 crores with a profit-sharing ratio of around 3.17.
| Quarter | Net Sales (₹ Cr) | Operating Profit (₹ Cr) | Other Income (₹ Cr) | Interest (₹ Cr) |
| Dec 2025 | 367.49 | 33.64 | 19.18 | 2.76 |
| Sep 2025 | 376.27 | 39.36 | 19.83 | 3.05 |
| Jun 2025 | 334.65 | 31.77 | 19.83 | 3.13 |
| Mar 2025 | 350.33 | 13.25 | 25.59 | 3.00 |
Growth Drivers
India’s consumer electronics market booms, with TV demand up due to IPL, events, and other rising incomes. PGEL’s ODM/OEM model is scaling with clients like TV brands. The revenue ended up tripling in 2 years, driven by capacity expansion.
The subsidiary PG Technoplast boosts molding capabilities, and the low betaof 0.46 offers defense in downturns. The sector shows a rank at 10th place, which is a competitive position.
What is the risk for new investors?
The risk for new investors are there indeed. There is a high valuation, which actually leaves very little margin for error. If the growth slows, the shares could drop sharply. The dependence on few clients can risk order cuts. The competition from China or from local markets ends up causing pressure on the margins. Apart from this, there are currency fluctuations and raw material costs, and they add to the volatility. Although the debt rate low, an increase in the interest rates could affect investors. Another adverse thing is the regulatory changes in the electronics PLI scheme that could also help or hurt.
Is PG Electroplast (PGEL) a buy or sell?
- For newbie investors, PG Electroplast is a great option if you’re looking for growth in your portfolio. If you’re okay with the volatility, then this might be just be the one stock.
- The strong financials and sector tailwinds support the verdict of long-term holding and quarterly sales and margins are aiming for a dip. This dip goes as low as ₹550 for entry.
- In case you are not in for volatility, then PGEL is not the one for you. Although, do make sure that you compare the company performances to peers in the electronics and manufacturing industry.
- The ultimate verdict stands at HOLD the stock if you own it – and buy it once the prices dip below ₹600 for long-term growth. Analysts are saying that the market shows a bullish trend with an average of 1 year price target of ₹717-760.
Analysts Advice and Consensus
Nine analysts have rated it at ‘Buy’ overall. This comes with targets of ₹574 (low) and going up to ₹1030 (high). There shows an average price of ₹751. Thus itt reflects strong fundamentals like a 63% 3 year CAGR and impressive expansion in capacity.
Conclusion
PG Electroplast (PGEL) is certainly offering strong growth potential – but it depends on the investor to either hold or sell. It’s a good deal for a patient investor and is backed by a robust revenue expansion. The final verdict stands at two options – either you could hold it for longer-term profits, or you could buy it when the prices hit below ₹600.
The fundamentals are shining at the moment with a low debt rate, high ROE, and scaling operations. This outweighs high valuations and volatility. It is important that you track the Q4 earnings to confirm this. It is also important to remember that it is the duty of every investor to read all market-related schemes and documents before investing. The prices in a trading platform are all subject to market risks.
FAQs
The current price as of 7th March is ₹609.90, which is 0.74% lower than before.
Hold the shares if you are owning it And if you want to own them, then wait until the price hits below ₹600, then BUY. Don’t sell.
The main competitors of PGEL are Amber Enterprises, Dixon Technologies, Bharat Electronics etc.
Yes, Pg Electroplast is multibagger stock due to his strong revenue.
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