MarketFriction

Plaza Wires Ltd

NSE PLAZACABLE · BSE 544003 · Cables - Electricals
₹57.12 -3.43%
NSE close2026-10-01
52 week range27.00 - 66.00
Market cap₹262 Cr.
P/E24.4
IPO 2023 · +6% since Price band 5% Delivery 68.2%

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

Standalone, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales47.9950.1052.5147.2547.8449.6373.4765.3674.7166.46111.5390.24
Expenses44.0548.6350.8245.3446.7848.0670.1262.6472.5162.72104.5182.36
Operating Profit3.941.471.691.911.061.573.352.722.203.747.027.88
OPM %8.21%2.93%3.22%4.04%2.22%3.16%4.56%4.16%2.94%5.63%6.29%8.73%
Other Income0.030.330.660.360.150.090.230.180.050.020.100.11
Interest1.200.940.990.890.650.720.660.660.730.641.061.07
Depreciation0.370.380.380.410.430.460.590.740.740.750.750.89
Profit before tax2.400.480.980.970.130.482.331.500.782.375.316.03
Tax %35.42%-4.17%35.71%29.90%-23.08%56.25%21.46%28.67%33.33%24.47%26.37%25.37%
Net Profit1.550.500.630.690.160.211.831.080.521.803.914.50
EPS in Rs0.510.110.140.160.040.050.420.250.120.410.891.03
Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales158159145177182199218318343
Expenses145148134164167189210302322
Operating Profit13111113161081621
OPM %8%7%7%7%9%5.0%3.6%4.9%6%
Other Income000001100
Interest444344334
Depreciation111111233
Profit before tax856910541014
Tax %16%27%28%31%27%30%26%27%
Net Profit7446843711
EPS in Rs183.8710.4711.441.952.460.840.661.672.45
Dividend Payout %0%0%0%0%0%0%0%0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth%17%20%45%
Compounded Profit Growth%10%-2%227%
Stock Price CAGR%%%13%
Return on Equity%6%4%6%
Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital4443131444444
Reserves2731361523767886
Borrowings3337444040412532
Other Liabilities2617161819121621
Total Liabilities898999104112173164183
Fixed Assets2020202323264954
CWIP00003300
Investments00000000
Other Assets7068798186144115128
Total Assets898999104112173164183
Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity82-2119-27114
Cash from Investing Activity-2-1-1-4-4-3-22-8
Cash from Financing Activity-6-03-7-560-194
Net Cash Flow0000030-300
Free Cash Flow60-375-32-12-4
CFO/OP63%34%-7%95%69%-233%150%34%
Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days98691179210411010487
Inventory Days6588938278797861
Days Payable5728332927132116
Cash Conversion Cycle106129176144155176161132
Working Capital Days404572586711212788
ROCE %14%13%14%16%7%4%8%
Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters69.83%69.83%69.83%69.83%69.83%69.83%69.83%69.83%69.83%69.83%69.83%
FIIs2.20%0.00%0.22%0.07%0.01%0.02%0.04%0.00%0.06%0.03%0.00%
DIIs2.12%0.00%0.06%0.06%0.17%0.17%0.00%0.00%0.00%0.00%0.00%
Public25.84%30.17%29.90%30.04%29.98%29.99%30.13%30.16%30.11%30.15%30.17%
No. of Shareholders48,13757,60554,21151,63450,34348,95147,96646,56245,39744,20943,919

Fundamentals

Market Cap₹ 262 Cr.
Current Price₹ 59.9
Stock P/E24.4
Book Value₹ 29.6
ROCE8.38 %
ROE5.70 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)45%
Compounded Profit Growth (TTM)227%
Standalone figures.
Valuation
Market capRs 250 Cr
Enterprise valueRs 258 Cr
P/E (TTM)23.29x
Price to book2.09x
Price to sales0.73x
EV / EBITDA12.20x
EV / EBIT14.32x
EV / sales0.75x
Earnings yield4.29%
P/E, 3-year average96.90x
P/B, 3-year average2.98x
P/E, 5-year average96.90x
P/B, 5-year average2.98x
Profitability
Operating margin (excl. other income)4.99%
Operating margin (incl. other income)5.54%
EBITDA margin6.16%
Pre-tax margin4.23%
Net profit margin3.13%
Net margin, latest quarter4.99%
ROE4.26%
ROCE7.54%
ROA2.58%
ROE, 3-year average11.16%
ROCE, 3-year average12.71%
ROA, 3-year average5.13%
ROE, 5-year average11.44%
ROCE, 5-year average12.98%
ROA, 5-year average4.91%
ROIC (approx.)9.95%
Tax rate29.64%
Other income / net worth0.92%
Growth
Sales growth (latest year)8.94%
Profit growth (latest year)-51.00%
Sales CAGR, 3 years11.00%
Sales CAGR, 5 years4.74%
Profit CAGR, 3 years-5.57%
Profit CAGR, 5 years-12.12%
Sales growth QoQ-19.09%
Profit growth QoQ15.09%
Sales growth YoY (latest quarter)38.07%
Profit growth YoY (latest quarter)316.67%
Per share
EPS (TTM)Rs 2.45
EPS (latest year)Rs 0.84
EPS (latest quarter)Rs 1.03
EPS, 3-year averageRs 1.75
EPS, 5-year averageRs 5.43
Book value per shareRs 27.32
Sales per shareRs 78.38
Cash flow per shareRs -6.22
Free cash flow per shareRs -0.91
Efficiency
Asset turnover1.15x
Fixed asset turnover7.72x
Inventory turnover4.77x
Inventory days77 days
Debtor days110 days
Debtors turnover3.33x
Creditor days16 days
Cash conversion cycle132 days
Working capital days88 days
Leverage
Total debtRs 41 Cr
Cash and bankRs 34 Cr
Net debtRs 8 Cr
Debt to equity0.35x
Net debt / EBITDA0.36x
Interest coverage5.14x
Owners' fund to total sources69.18%
Debt to assets23.92%
Cash flow
Cash from Operating Activity (latest year)Rs -27 Cr
Cash from Investing Activity (latest year)Rs -3 Cr
Cash from Financing Activity (latest year)Rs 60 Cr
Net Cash Flow (latest year)Rs 30 Cr
Free cash flow (latest year)Rs -4 Cr
FCFE (approx.: FCF + change in debt)Rs -2 Cr
Cash from ops / profit, 5 years0.29x
Statement figures
Net sales (TTM)Rs 343 Cr
Net sales (latest year)Rs 199 Cr
Sales (latest quarter)Rs 90 Cr
Operating profit excl. other income (latest year)Rs 10 Cr
Operating profit (latest quarter)Rs 8 Cr
Other income (TTM)Rs 0 Cr
EBITDA (TTM)Rs 21 Cr
PBDT (TTM)Rs 18 Cr
Profit before tax (TTM)Rs 14 Cr
Tax (latest year)Rs 2 Cr
Net profit (TTM)Rs 11 Cr
Net profit (latest year)Rs 4 Cr
Net profit (latest quarter)Rs 4 Cr
Depreciation (TTM)Rs 3 Cr
Depreciation (latest quarter)Rs 1 Cr
Interest (TTM)Rs 4 Cr
Cost of goods sold (latest year)Rs 160 Cr
Total expenditure (latest year)Rs 189 Cr
Total income (latest year)Rs 200 Cr
Share capitalRs 44 Cr
ReservesRs 76 Cr
Shareholders' fundsRs 120 Cr
Total assetsRs 173 Cr
Net blockRs 26 Cr
Capital work in progressRs 3 Cr
ReceivablesRs 60 Cr
InventoryRs 34 Cr
Other liabilitiesRs 12 Cr
Shares outstanding (crore)4.38
Ownership
Promoter holding69.83% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 23.3 is at the 3th percentile of its own 3.1-year range (median 64.2, low 23.1, high 165.4).
P/B 2.09 is at the 8th percentile (median 5.36).
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.
PeriodPLAZACABLENifty 50Difference
1 week-5.9%-2.8% -3.1 pts
1 month-3.1%-6.8% +3.7 pts
3 months+26.8%-7.6% +34.4 pts
6 months+102.7%+0.4% +102.3 pts
1 year+2.3%-9.9% +12.2 pts
2 years-33.0%-13.6% -19.4 pts

Red flags

F-score 2 of 8
explainWeak cash conversion Cash from operations was -44% of net profit over the last 3 years
explainHigh accruals Profit exceeded operating cash by 18% of total assets in 2026
explainShare dilution Share count up 43% in a year, 1053% in three
lookAuditor change Auditor change 2026-05-29: Plaza Wires Limited has informed the Exchange regarding Change in Auditors of the company.
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 ₹90 Cr +38.1% vs Jun 2025. Net profit ₹4 Cr +316.7%.
Against our estimate for Jun 2026: sales -3.4%, profit +121.0% big beat. Our estimate for Sep 2026: sales Rs 108 Cr, profit Rs 3 Cr (how).

Activity

Compare
CompanyMcap (Cr)P/EROCE
Polycab India Ltd122,10242.633.2 %
KEI Industries Ltd42,64742.820.0 %
R R Kabel Ltd28,53946.728.1 %
Finolex Cables Ltd21,95427.416.0 %
KSH International Ltd6,96853.221.5 %
Universal Cables Ltd5,09625.511.7 %
V-Marc India Ltd4,63939.741.4 %
Laser Power & Infra Ltd3,79634.620.5 %
Lumino Industries Ltd3,17918.726.6 %
Quadrant Future Tek Ltd2,161-15.5 %
Dynamic Cables Ltd2,10223.026.2 %
Paramount Communications Ltd1,89231.012.4 %
Divine Power Energy Ltd1,54657.9%
Systematic Industries Ltd59627.717.4 %
Susan Electricals India Ltd58123.237.0 %
No bulk or block deals on record.
Ex-dateActionFactor
2024-09-23Annual General Meeting
DateTypeWhat it says
2026-10-01Shareholder meetingVoting results.
2026-09-29Shareholder meetingProceedings of Annual General Meeting held on September 29, 2026
2026-09-07Shareholder meetingNotice of Annual General Meeting to be held on September 29, 2026
2026-09-07Shareholder meetingNotice of undefined to be held on September 29, 2026
2026-08-13Change in ManagementChange in Management
2026-08-13Board meeting outcomePlaza Wires Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-06-25AgreementsAgreements
2026-05-29Change in AuditorsChange in Auditors of the company.
2026-05-29Board meeting outcomePlaza Wires Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
2026-04-09Disclosure under SEBI TakeovSanjay Gupta has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acqu...
2026-02-20General UpdatesGeneral Updates
2026-02-13Board meeting outcomeBoard meeting held on February 13, 2026.
2026-02-13Board meeting outcomePlaza Wires Limited has submitted to the Exchange, the financial results for the period ended December 31, 2025.
2025-11-14Board meeting outcomePlaza Wires Limited has submitted to the Exchange, the financial results for the period ended September 30, 2025.
2025-11-14Board meeting outcomeBoard meeting held on November 14, 2025.
2025-10-03Shareholder meetingPlaza Wires Limited has submitted the Exchange a copy of Srutinizers report of Annual General Meeting held on September 30, 2025 along with a copy of...
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Close to Close price movement greater than 75perc in previous 6 monthsHigh low price variation greater than 100perc in previous 6 months

Quick answers

What is the market cap of Plaza Wires Ltd?

Plaza Wires Ltd (PLAZACABLE) has a market capitalisation of Rs 262 Cr. at the 2026-10-01 close.

What is the P/E ratio of Plaza Wires Ltd?

Plaza Wires Ltd trades at a P/E of 24.4 on trailing twelve-month profit, at the 2026-10-01 close.

What were Plaza Wires Ltd's latest quarterly results?

In the Jun 2026 quarter, Plaza Wires Ltd sales was Rs 90 Cr (+38.1% vs Jun 2025) and net profit was Rs 4 Cr.

What is the 52-week high and low of Plaza Wires Ltd?

The 52-week high is Rs 66.00 and the 52-week low is Rs 27.00.

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