PG Electroplast Limited (IN:PGEL)
:PGEL
Want to see IN:PGEL full AI Analyst Report?
Top Page
PG Electroplast Limited
(PGEL)
Select Model
Select Model
Rating:54Neutral
Price Target:
₹538.00
▼(-14.13% Downside)
Action:Reiterated
Date:06/17/26
The score is driven mainly by financials: strong revenue growth and improved leverage are offset by sharp margin compression and persistently negative free cash flow. Technical indicators are broadly neutral, while valuation is a notable headwind due to the very high P/E and negligible dividend yield.
Positive Factors
Revenue Scale-up
Sharp, multi-year revenue scale-up improves fixed-cost absorption and bargaining power with suppliers. A larger revenue base supports capacity investments and long-term contracts with brand customers, making the business less dependent on single order cycles.
Negative Factors
Persistent Negative Free Cash Flow
Consistent, large negative free cash flow over multiple years indicates heavy capex or working-capital absorption. This elevates funding and execution risk, constraining the company's ability to self-finance growth and increasing reliance on external capital.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Scale-up
Sharp, multi-year revenue scale-up improves fixed-cost absorption and bargaining power with suppliers. A larger revenue base supports capacity investments and long-term contracts with brand customers, making the business less dependent on single order cycles.
Read all positive factors
PG Electroplast Limited (PGEL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹160.92B
Dividend Yield0.08%
Average Volume (3M)206.81K
Price to Earnings (P/E)82.0
Beta (1Y)2.17
Revenue Growth8.59%
EPS Growth-34.34%
CountryIN
Employees1,462
SectorConsumer Defensive
Sector Strength42
IndustryHardware, Equipment & Parts
Share Statistics
EPS (TTM)9.25
Shares Outstanding285,342,650
10 Day Avg. Volume328,021
30 Day Avg. Volume206,814
Financial Highlights & Ratios
PEG Ratio-1.91
Price to Book (P/B)4.38
Price to Sales (P/S)2.53
P/FCF Ratio-17.64
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹675.00Price Target Upside7.74% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)11.37
Revenue Forecast (FY)₹71.30B
PG Electroplast Limited Business Overview & Revenue Model
Company Description
PG Electroplast Limited, established in 2003 and headquartered in Greater Noida, India, is a comprehensive provider of electronic manufacturing and plastic injection molding services. The company extends its expertise to original equipment and des...
How the Company Makes Money
PGEL primarily makes money by manufacturing and assembling products and sub-assemblies for brand owners (OEM/ODM/EMS model), earning revenue through contract manufacturing fees embedded in the invoiced price of finished goods, sub-assemblies, and ...
PG Electroplast Limited Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
78
Positive
Cash Flow
34
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 50.37B | 52.88B | 48.70B | 27.46B | 21.60B | 11.12B |
| Gross Profit | 9.80B | 5.47B | 9.60B | 5.30B | 3.95B | 2.27B |
| EBITDA | 4.30B | 4.45B | 4.56B | 2.51B | 1.75B | 887.82M |
| Net Income | 2.55B | 1.97B | 2.88B | 1.35B | 774.69M | 374.15M |
Balance Sheet | ||||||
| Total Assets | 46.65B | 59.47B | 51.21B | 23.08B | 15.08B | 10.69B |
| Cash, Cash Equivalents and Short-Term Investments | 6.68B | 5.57B | 9.80B | 1.55B | 663.86M | 425.10M |
| Total Debt | 5.90B | 5.97B | 3.84B | 4.35B | 5.77B | 3.99B |
| Total Liabilities | 17.63B | 28.98B | 22.93B | 12.70B | 11.12B | 7.56B |
| Stockholders Equity | 29.02B | 30.49B | 28.28B | 10.38B | 3.96B | 3.12B |
Cash Flow | ||||||
| Free Cash Flow | -4.94B | -7.58B | -5.65B | -404.67M | -1.09B | -2.37B |
| Operating Cash Flow | -1.53B | 272.24M | -765.86M | 1.86B | 457.38M | -794.29M |
| Investing Cash Flow | 66.76M | -2.54B | -12.01B | -4.01B | -1.73B | -1.61B |
| Financing Cash Flow | 1.10B | 1.77B | 13.29B | 2.34B | 1.12B | 2.57B |
PG Electroplast Limited Technical Analysis
Positive
626.50
Price Trends
503.69
Positive
532.26
Positive
549.44
Negative
Market Momentum
2.28
Negative
65.45
Neutral
87.12
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:PGEL, the sentiment is Positive. The current price of 626.5 is above the 20-day moving average (MA) of 480.84, above the 50-day MA of 503.69, and above the 200-day MA of 549.44, indicating a neutral trend. The MACD of 2.28 indicates Negative momentum. The RSI at 65.45 is Neutral, neither overbought nor oversold. The STOCH value of 87.12 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
69 Neutral | ₹259.31B | 81.07 | ― | 0.20% | 27.28% | 76.63% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
57 Neutral | ₹116.97B | 103.82 | ― | ― | 45.99% | 76.41% | |
57 Neutral | ₹37.26B | 50.76 | ― | ― | -16.99% | 7.58% | |
55 Neutral | ₹10.31B | -90.24 | ― | ― | 101.05% | -228.22% | |
54 Neutral | ₹160.92B | 82.02 | ― | 0.08% | 8.59% | -34.34% | |
53 Neutral | ₹51.32B | -33.24 | ― | 0.25% | 6.93% | -2481.56% |
* Consumer Defensive Sector Average
IN:PGEL
PG Electroplast Limited
563.95
-175.27
-23.71%
IN:AVALON
Avalon Technologies Limited
1,751.40
916.50
109.77%
IN:CENTUM
Centum Electronics Limited
3,477.15
1,211.94
53.50%
IN:CYIENTDLM
Cyient DLM Limited
469.50
15.60
3.44%
IN:MICEL
MIC Electronics Limited
42.77
-11.22
-20.78%
IN:SYRMA
Syrma SGS Technology Limited
1,344.75
837.99
165.36%
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...
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.