MarketFriction

PG Electroplast Ltd

NSE PGEL · BSE 533581 · Consumer Electronics
₹481.10 -2.50%
NSE close2026-10-01
52 week range436.55 - 644.40
Market cap₹14,141 Cr.
P/E68.7
Nifty 500Nifty Smallcap 50Nifty Smallcap 100Smallcap 250Nifty Consumer Durables No price band Delivery 45.8%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales4605321,0771,3216719681,9101,5046551,4121,7172,034
Expenses4234909601,1906158831,6981,3836251,2951,5981,886
Operating Profit3842116131568521212130117119148
OPM %8%8%11%10%8%9%11%8%4.6%8%7%7%
Other Income3534472018159138
Interest121016181522333417252635
Depreciation111114151516192122222427
Profit before tax1826911013054180856798294
Tax %30%26%21%16%35%25%19%21%62%24%22%20%
Net Profit121970841940145673626576
EPS in Rs0.480.742.673.210.741.405.132.360.102.172.272.67
Mar 2011Mar 2012Mar 2013Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales4242223037031,0982,1602,7464,8705,2885,818
Expenses3962192986531,0231,9832,4844,3854,9015,404
Operating Profit28355075177262484387414
OPM %7%1.2%1.6%7%7%8%10%10%7%7%
Other Income347219412355445
Interest611111822485289102103
Depreciation25918223547668894
Profit before tax23-9-9154998176365252262
Tax %23%0%-43%23%24%21%22%20%23%
Net Profit18-9-5123777135288197206
EPS in Rs-0.53-0.300.591.763.415.1810.176.897.21
Dividend Payout %0%0%0%0%0%0%4%2%4%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth%50%35%15%
Compounded Profit Growth%75%36%-24%
Stock Price CAGR42%65%41%-2%
Return on Equity%12%11%7%
Mar 2011Mar 2012Mar 2013Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital111616202123262829
Reserves351311261732913731,0122,8003,020
Borrowings687880185399577435384597
Other Liabilities4662652033585368371,9102,303
Total Liabilities1602882885801,0691,5092,3105,1235,948
Fixed Assets621221232734415787831,1361,540
CWIP1721226526576312
Investments030260126811
Other Assets801151173016239271,4563,9024,084
Total Assets1602882885801,0691,5092,3105,1235,948
Mar 2011Mar 2012Mar 2013Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity23-2357-7946188-7770
Cash from Investing Activity-50-97-44-161-173-401-1,201-201
Cash from Financing Activity22126-172571122341,32982
Net Cash Flow-56-416-152251-50
Free Cash Flow-27-9115-231-108-37-564-713
CFO/OP99%-813%113%-103%31%83%-2%37%
Mar 2011Mar 2012Mar 2013Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days282943767174747382
Inventory Days164539611187390122134
Days Payable33676310111181107127147
Cash Conversion Cycle12718377867576869
Working Capital Days-15-6034-1079356056
ROCE %1%1%13%17%19%19%10%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters53.59%53.59%53.70%53.56%53.42%49.37%49.37%43.72%43.60%43.41%43.41%43.37%
FIIs8.96%10.77%11.02%11.07%10.69%10.29%10.45%13.02%11.45%10.59%9.75%9.95%
DIIs12.63%12.36%10.94%9.89%9.80%16.22%16.37%18.09%18.83%22.66%24.49%23.88%
Public24.62%23.27%24.33%25.22%25.91%24.11%23.80%25.11%26.10%23.06%22.35%22.71%
Others0.19%0.01%0.00%0.26%0.19%0.00%0.00%0.06%0.00%0.27%0.01%0.09%
No. of Shareholders18,25117,83720,67835,4921,03,5951,35,4211,58,6672,18,3842,55,3362,26,9442,23,4842,20,368

Fundamentals

Market Cap₹ 14,141 Cr.
Current Price₹ 493
Stock P/E68.7
Book Value₹ 107
ROCE10.3 %
ROE6.70 %
Dividend Yield0.05 %
Face Value₹ 1.00
Compounded Sales Growth (TTM)15%
Compounded Profit Growth (TTM)-24%
Consolidated figures.
Valuation
Market capRs 13,620 Cr
Enterprise valueRs 13,024 Cr
P/E (TTM)66.18x
Price to book4.82x
Price to sales2.34x
EV / EBITDA28.40x
EV / EBIT35.71x
EV / sales2.24x
Earnings yield1.51%
Dividend yield0.05%
P/E, 3-year average32.43x
P/B, 3-year average3.45x
P/E, 5-year average21.67x
P/B, 5-year average2.25x
Profitability
Operating margin (excl. other income)9.94%
Operating margin (incl. other income)10.66%
EBITDA margin7.88%
Pre-tax margin4.50%
Net profit margin3.54%
Net margin, latest quarter3.75%
ROE14.89%
ROCE19.36%
ROA7.74%
ROE, 3-year average18.52%
ROCE, 3-year average18.43%
ROA, 3-year average6.94%
ROE, 5-year average15.47%
ROCE, 5-year average15.93%
ROA, 5-year average5.61%
ROIC (approx.)13.03%
Tax rate20.23%
Other income / net worth1.24%
Growth
Sales growth (latest year)77.30%
Profit growth (latest year)113.34%
Sales CAGR, 3 years64.31%
Sales CAGR, 5 years74.31%
Profit CAGR, 3 years97.39%
Sales growth QoQ18.48%
Profit growth QoQ17.51%
Sales growth YoY (latest quarter)35.25%
Profit growth YoY (latest quarter)13.80%
Per share
EPS (TTM)Rs 7.27
EPS (latest year)Rs 10.17
EPS (latest quarter)Rs 2.69
EPS, 3-year averageRs 32.02
EPS, 5-year averageRs 23.91
Book value per shareRs 99.90
Sales per shareRs 205.52
Cash flow per shareRs -2.71
Free cash flow per shareRs -25.19
Dividend per share (latest year)Rs 0.25
Dividend per share, 3-year averageRs 1.13
Dividend per share, 5-year averageRs 1.13
Dividends
Dividend payout2.46%
Dividend payout, 3-year average3.16%
Dividend payout, 5-year average3.16%
Efficiency
Asset turnover0.95x
Fixed asset turnover4.29x
Inventory turnover3.07x
Inventory days119 days
Debtor days73 days
Debtors turnover4.97x
Creditor days147 days
Cash conversion cycle69 days
Working capital days56 days
Leverage
Total debtRs 384 Cr
Cash and bankRs 980 Cr
Net debtRs -596 Cr
Debt to equity0.14x
Net debt / EBITDA-1.30x
Interest coverage3.54x
Current ratio (filing 2026-03-31)1.47x
Quick ratio (filing 2026-03-31)0.85x
Trade payables (filing 2026-03-31)Rs 1,757 Cr
Owners' fund to total sources55.21%
Debt to assets7.50%
Cash flow
Cash from Operating Activity (latest year)Rs -77 Cr
Cash from Investing Activity (latest year)Rs -1,201 Cr
Cash from Financing Activity (latest year)Rs 1,329 Cr
Net Cash Flow (latest year)Rs 51 Cr
Free cash flow (latest year)Rs -713 Cr
FCFE (approx.: FCF + change in debt)Rs -764 Cr
Cash from ops / profit, 5 years0.20x
Statement figures
Net sales (TTM)Rs 5,818 Cr
Net sales (latest year)Rs 4,870 Cr
Sales (latest quarter)Rs 2,034 Cr
Operating profit excl. other income (latest year)Rs 484 Cr
Operating profit (latest quarter)Rs 148 Cr
Other income (TTM)Rs 45 Cr
EBITDA (TTM)Rs 459 Cr
PBDT (TTM)Rs 356 Cr
Profit before tax (TTM)Rs 262 Cr
Tax (latest year)Rs 74 Cr
Net profit (TTM)Rs 206 Cr
Net profit (latest year)Rs 288 Cr
Net profit (latest quarter)Rs 76 Cr
Depreciation (TTM)Rs 94 Cr
Depreciation (latest quarter)Rs 27 Cr
Interest (TTM)Rs 103 Cr
Cost of goods sold (latest year)Rs 4,053 Cr
Total expenditure (latest year)Rs 4,385 Cr
Total income (latest year)Rs 4,905 Cr
Share capitalRs 28 Cr
ReservesRs 2,800 Cr
Shareholders' fundsRs 2,828 Cr
Total assetsRs 5,123 Cr
Net blockRs 1,136 Cr
Capital work in progressRs 76 Cr
InvestmentsRs 8 Cr
ReceivablesRs 980 Cr
InventoryRs 1,318 Cr
Other liabilitiesRs 1,910 Cr
Shares outstanding (crore)28.31
Ownership
Promoter holding43.37% (-0.35 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 66.2 is at the 17th percentile of its own 4.3-year range (median 134.4, low 48.0, high 358.5).
P/B 4.82 is at the 34th percentile (median 7.85).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodPGELNifty 50Difference
1 week-6.5%-2.8% -3.7 pts
1 month-15.6%-6.8% -8.8 pts
3 months-14.5%-7.6% -6.9 pts
6 months+2.4%+0.4% +2.0 pts
1 year-10.9%-9.9% -0.9 pts
2 years-21.4%-13.6% -7.8 pts
3 years+170.9%+14.2% +156.7 pts
5 years+1098.9%+27.9% +1071.0 pts
126 mutual fund schemes hold about ₹3,670 Cr. Over three months 103 bought more and 11 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
ICICI Pru Flexi Cap Fund1.65%428 +11%
Motilal Oswal Flexi Cap Fund2.43%344 +14%
Axis Small Cap Fund0.69%217 +60%
ICICI Pru Balanced Advantage Fund(M0.28%212 +23%
Nippon India Small Cap Fund0.24%201 +21%
Franklin India Small Cap Fund1.09%161 +8%
Franklin India Flexi Cap Fund0.78%152 +27%
Nippon India Value Fund1.64%148 +13%
ICICI Pru Multi Cap Fund0.72%141 +60%
ICICI Pru Multi Cap Fund0.72%136 +60%
Kotak Arbitrage Fund(M0.16%119 +104%
ICICI Pru Small Cap Fund1.12%110 +23%
Motilal Oswal Small Cap Fund1.35%110 +29%
ICICI Pru Small Cap Fund1.12%107 +23%
Aditya Birla SL Small Cap Fund1.31%81 +17%
Bajaj Finserv Flexi Cap Fund0.90%73 +100%
DSP Flexi Cap Fund0.45%56 +25%
Aditya Birla SL Arbitrage Fund0.19%53 +43%
Bank of India Small Cap Fund1.56%52 +148%
DSP Focused Fund1.90%51 +24%
Abakkus Small Cap Fund1.54%43 +68%
Franklin India Multi Asset Allocation Fund1.31%38 +24%
Kotak Large Cap Fund0.34%37 +43%
DSP Multi Cap Fund1.15%35 +23%
Motilal Oswal Consumption Fund2.47%29 +41%

Red flags

F-score 3 of 8
explainWeak cash conversion Cash from operations was 32% of net profit over the last 3 years
explainShare dilution Share count up 9% in a year, 33% in three
lookInventory outrunning sales Inventory grew 142% vs sales +77% in 2026
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹2,034 Cr +35.2% vs Jun 2025. Net profit ₹76 Cr +13.4%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-09-18Dividend - Re 0.25 Per Share
2025-09-19Dividend - Rs 0.25 Per Share
2024-09-23Dividend - Rs 0.20 Per Share
2024-07-10Face Value Split (Sub-Division) - From Rs 10/- Per Share To Re 1/- Per Share0.1000
2023-09-22Annual General Meeting
2022-09-22Annual General Meeting
2021-09-21 Annual General Meeting
2020-09-21 Annual General Meeting
2019-07-31 Annual General Meeting
2018-09-19 Annual General Meeting
2017-09-18 Annual General Meeting
2016-09-15 Annual General Meeting
2015-09-16 Annual General Meeting
2014-07-31Annual General Meeting
2013-09-19Annual General Meeting
2012-09-06Annual General Meeting
DateTypeWhat it says
2026-09-30Shareholder meetingVoting results.
2026-09-29Shareholder meetingProceedings of Annual General Meeting held on September 29, 2026
2026-09-21Concall / analyst meetSchedule of meet
2026-09-07General UpdatesDisclosure under Regulation 36(1)(b) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
2026-09-05UpdatesCommunication to Shareholders: Dividend for FY 2025-26 Intimation on Tax Deduction at Source (TDS) / withholding tax on Dividend.
2026-09-05UpdatesBusiness Responsibility and Sustainability Report for FY 2025-26.
2026-09-05Shareholder meetingNotice of Annual General Meeting to be held on September 29, 2026
2026-09-04Record DateRecord date for the purpose of Dividend is 18-Sep-2026.
2026-09-04Board meeting outcomeChange in auditor of the Company.
2026-09-04Board meeting outcomeOutcome of Board Meeting held on September 04, 2026.
2026-08-13Monitoring Agency ReportMonitoring Agency Report for the quarter ended June 30, 2026.
2026-08-12Concall / analyst meetTranscript
2026-08-11Concall / analyst meetSchedule of meet
2026-08-07Concall / analyst meetLink of Recording
2026-08-06Investor PresentationInvestor Presentation
2026-08-06Press ReleaseA press release dated August 06, 2026, titled "Turning the Corner Growth Gathers Pace".
2026-08-06Board meeting outcomePG Electroplast Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-08-01Concall / analyst meetSchedule of meet
2026-07-02ESOPAllotment of 1170200 Equity Shares pursuant to ESOP Scheme.
2026-06-08Concall / analyst meetSchedule of meet
2026-05-30ESOPGrant of 800000 Options.
2026-05-30Concall / analyst meetTranscript
2026-05-28Concall / analyst meetLink of Recording
2026-05-27Investor PresentationInvestor Presentation
2026-05-27Press ReleaseA press release dated May 27, 2026, titled "Several Challenges Impact the quarterlyperformance".
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
Put / call open interest0.73
Max pain (expiry 2026-10-27)510
Largest call open interest at520
Largest put open interest at520
Implied volatility, at the money33.9%
Underlying at snapshot481.10
Open interest by strike around the price, nearest expiry. End-of-day NSE snapshot, 01-Oct-2026 15:40:00. Max pain is the strike where option buyers together would lose the most at expiry.
Trade dateShares sold short
2026-09-3029
2026-09-296,325
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Scrip PE is greater than 50 (4 trailing quarters)

Quick answers

What is the market cap of PG Electroplast Ltd?

PG Electroplast Ltd (PGEL) has a market capitalisation of Rs 14,141 Cr. at the 2026-10-01 close.

What is the P/E ratio of PG Electroplast Ltd?

PG Electroplast Ltd trades at a P/E of 68.7 on trailing twelve-month profit, at the 2026-10-01 close.

What were PG Electroplast Ltd's latest quarterly results?

In the Jun 2026 quarter, PG Electroplast Ltd sales was Rs 2,034 Cr (+35.2% vs Jun 2025) and net profit was Rs 76 Cr.

What is the 52-week high and low of PG Electroplast Ltd?

The 52-week high is Rs 644.40 and the 52-week low is Rs 436.55.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03