PG Electroplast Limited (IN:PGEL)
:PGEL
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PG Electroplast Limited
(PGEL)
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Rating:64Neutral
Price Target:
₹521.00
▼(-16.84% Downside)
Action:ReiteratedDate:03/10/26
The score is driven primarily by strong financial performance (profitability and balance sheet strength), but is held back by weak technicals (trading below major moving averages) and a demanding valuation (high P/E with a very low dividend yield).
Positive Factors
Strong revenue growth
Sustained revenue growth near 36% indicates expanding market share and rising customer adoption of PGEL's end-to-end EMS/ODM services. Over 2-6 months this supports durable top-line momentum, enabling scale advantages, improved negotiating leverage with suppliers, and reinvestment into higher-value capabilities.
Negative Factors
Weaker historical cash-flow quality
Past negative free cash flow and volatile operating cash flows signal weaker conversion of accounting profits into cash. This structural issue can constrain organic investment, raise working capital needs, and force reliance on financing during down cycles, limiting strategic optionality.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong revenue growth
Sustained revenue growth near 36% indicates expanding market share and rising customer adoption of PGEL's end-to-end EMS/ODM services. Over 2-6 months this supports durable top-line momentum, enabling scale advantages, improved negotiating leverage with suppliers, and reinvestment into higher-value capabilities.
Read all positive factors
PG Electroplast Limited (PGEL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹138.92B
Dividend Yield0.08%
Average Volume (3M)206.81K
Price to Earnings (P/E)65.7
Beta (1Y)2.22
Revenue Growth39.89%
EPS Growth22.90%
CountryIN
Employees1,462
SectorConsumer Defensive
Sector Strength42
IndustryHardware, Equipment & Parts
Share Statistics
EPS (TTM)2.10
Shares Outstanding285,342,650
10 Day Avg. Volume328,021
30 Day Avg. Volume206,814
Financial Highlights & Ratios
PEG Ratio0.89
Price to Book (P/B)8.70
Price to Sales (P/S)5.05
P/FCF Ratio-43.55
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹686.00Price Target Upside9.50% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)14.8
Revenue Forecast (FY)₹71.54B
PG Electroplast Limited Business Overview & Revenue Model
Company Description
PG Electroplast Limited provides electronic manufacturing and plastic injection moulding services for original equipment and design manufacturers in India and internationally. The company offers parts of air-conditioners, air coolers, washing mach...
How the Company Makes Money
PGEL primarily makes money by providing contract manufacturing services to consumer electronics and appliance brands. Its key revenue streams typically include: (1) complete product manufacturing and assembly (box-build), where PGEL manufactures a...
PG Electroplast Limited Financial Statement Overview
Summary
Income Statement
85
Very Positive
Balance Sheet
78
Positive
Cash Flow
65
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 50.37B | 48.70B | 27.46B | 21.60B | 11.12B | 7.03B |
| Gross Profit | 9.80B | 9.60B | 5.30B | 3.95B | 2.27B | 1.46B |
| EBITDA | 4.30B | 4.56B | 2.51B | 1.75B | 887.82M | 487.44M |
| Net Income | 2.55B | 2.88B | 1.35B | 774.69M | 374.15M | 116.12M |
Balance Sheet | ||||||
| Total Assets | 46.65B | 51.21B | 23.08B | 15.08B | 10.69B | 5.79B |
| Cash, Cash Equivalents and Short-Term Investments | 6.68B | 9.80B | 1.55B | 663.86M | 425.10M | 174.10M |
| Total Debt | 5.90B | 3.84B | 4.35B | 5.77B | 3.99B | 1.88B |
| Total Liabilities | 17.63B | 22.93B | 12.70B | 11.12B | 7.56B | 3.87B |
| Stockholders Equity | 29.02B | 28.28B | 10.38B | 3.96B | 3.12B | 1.92B |
Cash Flow | ||||||
| Free Cash Flow | -4.94B | -5.65B | -404.67M | -1.09B | -2.37B | 130.90M |
| Operating Cash Flow | -1.53B | -765.86M | 1.86B | 457.38M | -794.29M | 569.78M |
| Investing Cash Flow | 66.76M | -12.01B | -4.01B | -1.73B | -1.61B | -434.16M |
| Financing Cash Flow | 1.10B | 13.29B | 2.34B | 1.12B | 2.57B | -174.32M |
PG Electroplast Limited Technical Analysis
Negative
626.50
Price Trends
553.66
Negative
565.03
Negative
598.58
Negative
Market Momentum
-26.04
Negative
43.99
Neutral
48.35
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:PGEL, the sentiment is Negative. The current price of 626.5 is above the 20-day moving average (MA) of 495.97, above the 50-day MA of 553.66, and above the 200-day MA of 598.58, indicating a bearish trend. The MACD of -26.04 indicates Negative momentum. The RSI at 43.99 is Neutral, neither overbought nor oversold. The STOCH value of 48.35 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:PGEL.
PG Electroplast Limited Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | ₹140.67B | 62.71 | ― | 0.45% | 6.34% | -2.25% | |
66 Neutral | ₹155.53B | -90.62 | ― | 0.28% | 14.55% | -20.61% | |
64 Neutral | ₹138.92B | 65.71 | ― | 0.08% | 39.89% | 22.90% | |
64 Neutral | ₹186.28B | 18.06 | ― | 1.91% | 0.84% | -2.44% | |
64 Neutral | ₹118.07B | 14,854.71 | ― | 1.25% | -5.37% | -49.71% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
57 Neutral | ₹155.63B | 41.30 | ― | 1.16% | 0.73% | -5.88% |
* Consumer Defensive Sector Average
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PG Electroplast Limited
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-49.06%
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PG Electroplast Limited Corporate Events
PG Electroplast files SEBI Regulation 74(5) compliance certificate for March quarter
Apr 11, 2026
PG Electroplast Limited has notified the stock exchanges that it has received a compliance certificate from its registrar and share transfer agent, KFin Technologies Limited, under Regulation 74(5) of the SEBI (Depositories and Participants) Regul...
PG Electroplast Normalizes AC Output After LPG Supply Disruptions
Mar 25, 2026
PG Electroplast Limited has informed exchanges that its room air-conditioner production was recently disrupted at some plants due to constrained LPG gas supplies linked to geopolitical instability and the ongoing conflict in the Middle East. The c...
PG Electroplast Faces LPG Supply Constraints Amid Middle East Shipping Disruptions
Mar 9, 2026
PG Electroplast Limited has disclosed that its gas suppliers have reported a shortage of LPG under an existing gas sale and purchase agreement, stemming from maritime navigation restrictions linked to the ongoing conflict in the Middle East that h...
PG Electroplast to Engage Investors at Nuvama India Conference 2026
Feb 3, 2026
PG Electroplast Limited has informed the stock exchanges that its representatives will participate in the Nuvama India Conference 2026, a physical group investor and analyst meeting organized by Nuvama Institutional Equities at the Grand Hyatt, Mu...
PG Electroplast to Join Axis Capital’s Advantage India Investor Conference
Feb 3, 2026
PG Electroplast Limited has notified the stock exchanges that its representatives will participate in Axis Capital’s flagship “Advantage India” conference, a group, in‑person meeting scheduled for 10 February 2026 at Hotel ...
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.