PG Electroplast Ltd

PG Electroplast Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

PG Electroplast Ltd

₹ 797 -3.04%
21 May 2:26 p.m.
pgel.in BSE: 533581 NSE: PGEL
About

PG Electroplast Limited (PGEL) is the flagship company of PG Group. While the PG Group had started its journey in 1977, PG Electroplast was formally set up in 2003 and is a leading, diversified Indian Electronic Manufacturing Service provider. It specializes in Original Design Manufacturing (ODM), Original Equipment Manufacturing (OEM) and Plastic Injection Molding, catering to 50+ leading Indian and Global brands.[1]

Key Points

Overview
The company specializes in original design manufacturing (ODM), original equipment manufacturing (OEM), and plastic injection moulding. Its WOS, PG Technoplast Pvt Ltd manufactures air conditioners, coolers, and components for various consumer durables. In FY24, it forged a new JV partnership with Goodworth Electronics Ltd, to augment its TV and hardware business. [1]

Website BSE NSE
  • Market Cap ₹ 22,590 Cr.
  • Current Price ₹ 797
  • High / Low ₹ 1,055 / 231
  • Stock P/E 267
  • Book Value ₹ 89.4
  • Dividend Yield 0.02 %
  • ROCE 6.84 %
  • ROE 4.88 %
  • Face Value ₹ 1.00
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has delivered good profit growth of 93.0% CAGR over last 5 years

Cons

  • Stock is trading at 8.94 times its book value
  • Company has a low return on equity of 7.62% over last 3 years.
  • Earnings include an other income of Rs.47.3 Cr.
  • Debtor days have increased from 48.6 to 64.8 days.
  • Promoter holding has decreased over last 3 years: -16.3%

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Consumer Durables Industry: Electronics - Components

Part of Nifty 500 BSE SmallCap Nifty Smallcap 100 Nifty Alpha 50 BSE Allcap

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
432 413 338 282 296 307 392 339 380 391 383 362 350
393 394 306 260 276 281 359 309 348 363 353 332 337
Operating Profit 38 19 32 22 20 26 33 30 31 28 30 30 13
OPM % 9% 5% 9% 8% 7% 8% 8% 9% 8% 7% 8% 8% 4%
3 2 1 1 2 1 4 7 11 5 6 11 26
Interest 6 5 5 5 5 5 6 3 3 3 3 3 3
Depreciation 5 5 5 5 5 5 6 6 6 6 6 6 6
Profit before tax 30 11 23 13 10 16 26 29 33 24 25 31 30
Tax % 28% 22% 24% 24% 17% 24% 24% 24% 26% 24% 23% 24% 23%
21 8 18 10 9 12 20 22 24 18 20 24 23
EPS in Rs 1.01 0.40 0.82 0.42 0.38 0.54 0.76 0.83 0.94 0.70 0.75 0.85 0.81
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
218 239 260 366 399 508 639 703 1,036 1,331 1,418 1,487
221 227 242 346 375 478 600 653 959 1,237 1,297 1,386
Operating Profit -2 12 18 21 25 31 40 50 77 94 121 101
OPM % -1% 5% 7% 6% 6% 6% 6% 7% 7% 7% 9% 7%
5 3 3 3 5 3 0 2 6 4 23 47
Interest 12 10 10 10 11 10 15 18 19 21 17 13
Depreciation 11 9 10 11 12 13 16 18 20 21 23 25
Profit before tax -20 -5 2 3 7 10 9 15 44 57 104 111
Tax % 0% 0% 0% 0% 0% 2% 72% 23% 24% 22% 25% 23%
-20 -5 2 3 7 10 3 12 33 44 78 85
EPS in Rs -1.24 -0.28 0.12 0.20 0.46 0.53 0.13 0.59 1.55 1.94 3.00 2.99
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 7% 8%
Compounded Sales Growth
10 Years: 20%
5 Years: 18%
3 Years: 13%
TTM: 5%
Compounded Profit Growth
10 Years: 36%
5 Years: 93%
3 Years: 37%
TTM: 8%
Stock Price CAGR
10 Years: 52%
5 Years: 201%
3 Years: 130%
1 Year: 250%
Return on Equity
10 Years: 7%
5 Years: 8%
3 Years: 8%
Last Year: 5%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 16 16 16 16 16 19 20 20 21 23 26 28
Reserves 106 101 103 107 114 150 157 173 287 336 918 2,503
88 90 83 112 129 130 188 185 265 182 87 45
73 59 82 95 89 114 136 203 251 185 253 273
Total Liabilities 283 267 284 330 348 413 500 580 824 725 1,284 2,849
138 141 146 163 179 193 254 273 274 292 312 328
CWIP 2 6 1 3 23 34 5 6 1 2 4 0
Investments 25 0 0 0 0 0 0 0 76 78 340 1,084
118 120 137 164 146 187 241 301 473 352 628 1,436
Total Assets 283 267 284 330 348 413 500 580 824 725 1,284 2,849

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
16 -10 21 6 42 19 28 57 -38 142 181 47
-2 19 -4 -23 -50 -36 -63 -44 -95 -51 -549 -1,451
-15 -8 -16 19 6 19 43 -17 139 -101 370 1,428
Net Cash Flow -0 0 0 2 -1 2 8 -4 7 -10 2 24

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 83 68 76 67 46 61 58 76 61 36 45 65
Inventory Days 33 66 88 82 70 62 61 61 89 41 51 40
Days Payable 125 84 119 97 77 84 77 101 86 40 59 62
Cash Conversion Cycle -9 50 44 53 40 40 42 37 64 37 38 44
Working Capital Days 39 57 48 45 31 36 40 40 73 47 72 91
ROCE % -4% 3% 6% 6% 7% 7% 8% 9% 13% 14% 15% 7%

Shareholding Pattern

Numbers in percentages

7 Recently
Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
65.71% 65.24% 61.33% 61.33% 61.20% 53.59% 53.59% 53.70% 53.56% 53.42% 49.37% 49.37%
0.98% 2.68% 2.32% 1.97% 3.13% 8.96% 10.77% 11.02% 11.07% 10.69% 10.29% 10.45%
0.00% 1.56% 6.47% 7.17% 7.13% 12.63% 12.36% 10.94% 9.89% 9.80% 16.22% 16.37%
33.31% 30.27% 29.86% 29.53% 28.32% 24.62% 23.27% 24.33% 25.22% 25.91% 24.11% 23.80%
0.00% 0.25% 0.01% 0.01% 0.21% 0.19% 0.01% 0.00% 0.26% 0.19% 0.00% 0.00%
No. of Shareholders 13,00212,28012,91812,84813,93618,25117,83720,67835,4921,03,5951,35,4211,58,667

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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