Plaza Wires Ltd
Incorporated in 2006, Plaza Wires Ltd manufactures and trades electrical wire
and allied product[1]
- Market Cap ₹ 150 Cr.
- Current Price ₹ 34.3
- High / Low ₹ 69.8 / 31.1
- Stock P/E 28.7
- Book Value ₹ 28.3
- Dividend Yield 0.00 %
- ROCE 4.41 %
- ROE 2.36 %
- Face Value ₹ 10.0
Pros
- Company is expected to give good quarter
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of 6.51% over past five years.
- Company has a low return on equity of 5.37% over last 3 years.
- Company might be capitalizing the interest cost
* 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
Industrials Capital Goods Industrial Products Cables - Electricals
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|
| 158 | 159 | 145 | 177 | 182 | 199 | 218 | 280 | |
| 145 | 148 | 134 | 164 | 167 | 189 | 210 | 268 | |
| Operating Profit | 13 | 11 | 11 | 13 | 16 | 10 | 8 | 12 |
| OPM % | 8% | 7% | 7% | 7% | 9% | 5% | 4% | 4% |
| 0 | 0 | 0 | 0 | 0 | 1 | 1 | 0 | |
| Interest | 4 | 4 | 4 | 3 | 4 | 4 | 3 | 3 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 3 |
| Profit before tax | 8 | 5 | 6 | 9 | 10 | 5 | 4 | 7 |
| Tax % | 16% | 27% | 28% | 31% | 29% | 30% | 26% | |
| 7 | 4 | 4 | 6 | 7 | 4 | 3 | 5 | |
| EPS in Rs | 183.87 | 10.47 | 11.44 | 1.95 | 2.39 | 0.84 | 0.66 | 1.20 |
| Dividend Payout % | -0% | -0% | -0% | -0% | -0% | -0% | -0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 7% |
| 3 Years: | 7% |
| TTM: | 42% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | -7% |
| 3 Years: | -22% |
| TTM: | 209% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -34% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 7% |
| 3 Years: | 5% |
| Last Year: | 2% |
Balance Sheet
Figures in Rs. Crores
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 4 | 4 | 4 | 31 | 31 | 44 | 44 | 44 |
| Reserves | 27 | 31 | 36 | 15 | 23 | 76 | 78 | 80 |
| 33 | 37 | 44 | 40 | 40 | 41 | 25 | 34 | |
| 26 | 17 | 16 | 18 | 19 | 12 | 16 | 17 | |
| Total Liabilities | 89 | 89 | 99 | 104 | 112 | 173 | 164 | 175 |
| 20 | 20 | 20 | 23 | 23 | 26 | 49 | 48 | |
| CWIP | -0 | -0 | -0 | -0 | 3 | 3 | -0 | 3 |
| Investments | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 |
| 70 | 68 | 79 | 81 | 86 | 144 | 115 | 123 | |
| Total Assets | 89 | 89 | 99 | 104 | 112 | 173 | 164 | 175 |
Cash Flows
Figures in Rs. Crores
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| 8 | 2 | -2 | 11 | 9 | -27 | 11 | |
| -2 | -1 | -1 | -4 | -4 | -3 | -22 | |
| -6 | -0 | 3 | -7 | -5 | 60 | -19 | |
| Net Cash Flow | -0 | -0 | -0 | -0 | -0 | 30 | -30 |
Ratios
Figures in Rs. Crores
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 98 | 69 | 117 | 92 | 104 | 110 | 104 |
| Inventory Days | 65 | 88 | 93 | 82 | 78 | 79 | 78 |
| Days Payable | 57 | 28 | 33 | 29 | 27 | 13 | 21 |
| Cash Conversion Cycle | 106 | 129 | 176 | 144 | 155 | 176 | 161 |
| Working Capital Days | 40 | 45 | 72 | 58 | 67 | 112 | 127 |
| ROCE % | 14% | 13% | 14% | 16% | 7% | 4% |
Insights
In beta| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Installed Capacity - Wires and Cables Coils |
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| Inventory Holding Level - Finished Goods Days |
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| Trade Receivables Cycle Days |
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| Actual Production Volume - Wires and Cables Coils |
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| Capacity Utilization - Wires and Cables % |
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| Employee Attrition Rate % |
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| Human Resources - Total Employee Count Count |
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| Inventory Holding Level - Raw Materials Days |
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| Number of Dealers and Distributors Count |
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| Number of States/UTs Coverage Count |
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Documents
Announcements
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Intimation Regarding Receipt Of An Order In Appeal From The Office Of Commissioner (Appeals), Central GST Tax Appeals Commissionerate, Chandigarh.
20 Feb - Commissioner (Appeals) upheld Rs.11.5 Cr tax demand; Rs.50,000 director penalty; company to appeal.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
16 Feb - Listing Obligation & Disclosure Requirements) Regulation, 2015-Submission of Newspaper Publication of the Un-audited Financial Results for the Quarter and Nine Months ended on 31st December, …
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Board Meeting Outcome for Outcome Of Board Meeting Pursuant To Regulation 30 And 33(3) And Other Applicable Provisions Of SEBI (LODR) Regulations, 2015.
13 Feb - Approved Q3/9M FY26 unaudited results; Q3 profit Rs18.02; disclosed Rs115.1 million GST demand/penalty.
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Board Meeting Intimation for PRIOR INTIMATION OF MEETING OF THE Board UNDER REGULATION 29 OF THE SEBI (LODR) REGULATIONS, 2015.
9 Feb - Board meeting on Feb 13, 2026 to approve Q3 and nine-month unaudited results ended Dec 31, 2025.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
5 Jan - Submission of the Certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended on December 31, 2025.
Business Overview:[1]
PWL is an ISO 9001:2015 and 14001:2015 certified company in the business of manufacturing and selling of wires, and selling and marketing of LT aluminium cables and fast moving electrical goods under its flagship brand Plaza Cables, and home brands such as Action Wires and PCG. Company's product mix comprises different type of wires and cables, and fastmoving electrical goods such as electric fans, water heaters, switches and switchgears, Poly Vinyl Chloride insulated electrical tape and Poly Vinyl Chloride conduit pipe & accessories.