Precision Wires India Ltd

Precision Wires India Ltd

₹ 182 5.10%
22 May 1:34 p.m.
About

Precision Wires India Ltd is engaged in manufacturing Enamelled Round and Rectangular Copper Winding Wires, Continuously Transposed Conductor, and Paper / Mica / Nomex Insulated Copper Conductor. The Company primarily supplies to the OEM sector and to various industries like power, auto, consumer durables, transformers, construction etc. It is the largest producer of Winding Wires in South Asia. [1][2][3]

Key Points

Business Profile
PWIL is a leading player in the organized copper winding wires market in India. Company is in the business of converting copper into winding wires. These winding wires are a basic component in the supply chain of manufacturing of electrical goods. [1]

  • Market Cap 3,243 Cr.
  • Current Price 182
  • High / Low 221 / 104
  • Stock P/E 36.0
  • Book Value 32.2
  • Dividend Yield 0.57 %
  • ROCE 26.9 %
  • ROE 16.6 %
  • Face Value 1.00

Pros

  • Company has reduced debt.
  • Company has been maintaining a healthy dividend payout of 22.1%

Cons

  • Company's cost of borrowing seems high

* 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.

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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
745 826 726 704 800 803 829 805 884 955 1,044 982 1,054
709 792 695 671 769 766 794 766 841 910 1,002 942 995
Operating Profit 35 34 31 33 31 36 35 39 43 45 42 40 59
OPM % 5% 4% 4% 5% 4% 5% 4% 5% 5% 5% 4% 4% 6%
0 0 0 0 0 0 0 0 0 0 0 0 0
Interest 8 8 8 8 9 10 9 9 9 11 12 10 13
Depreciation 4 4 3 4 4 4 4 4 5 4 4 5 6
Profit before tax 24 23 20 21 18 22 22 25 29 30 26 25 40
Tax % 24% 26% 25% 28% 29% 25% 27% 28% 25% 26% 26% 24% 25%
18 17 15 15 13 17 16 18 22 22 19 19 30
EPS in Rs 1.05 0.97 0.84 0.87 0.72 0.93 0.92 1.01 1.23 1.24 1.08 1.06 1.66
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
982 881 843 884 1,408 1,758 1,526 1,719 2,683 3,034 3,302 4,036
928 833 792 830 1,322 1,665 1,453 1,640 2,566 2,927 3,168 3,849
Operating Profit 54 47 52 54 85 93 73 79 117 106 134 187
OPM % 5% 5% 6% 6% 6% 5% 5% 5% 4% 4% 4% 5%
5 3 2 3 2 1 4 4 7 22 19 0
Interest 24 14 11 9 15 17 19 15 25 33 37 47
Depreciation 12 20 16 14 14 13 16 16 15 14 17 20
Profit before tax 23 17 27 33 58 65 42 52 84 81 99 120
Tax % 37% 40% 36% 32% 38% 35% 24% 24% 25% 27% 26% 25%
14 10 17 23 36 42 32 39 63 59 73 90
EPS in Rs 0.83 0.58 0.98 1.30 2.07 2.41 1.83 2.27 3.63 3.33 4.08 5.04
Dividend Payout % 80% 63% 44% 36% 29% 25% 18% 29% 50% 29% 15% 23%
Compounded Sales Growth
10 Years: 16%
5 Years: 21%
3 Years: 15%
TTM: 22%
Compounded Profit Growth
10 Years: 25%
5 Years: 23%
3 Years: 13%
TTM: 24%
Stock Price CAGR
10 Years: 35%
5 Years: 76%
3 Years: 51%
1 Year: 27%
Return on Equity
10 Years: 15%
5 Years: 16%
3 Years: 16%
Last Year: 17%

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 12 12 12 12 12 12 12 12 12 18 18 18
Reserves 192 175 183 201 225 254 271 304 353 432 489 558
53 38 28 38 33 30 31 22 22 16 99 62
179 133 134 152 259 295 230 448 491 462 457 616
Total Liabilities 435 358 357 403 529 590 544 786 879 928 1,062 1,254
127 87 80 82 79 113 115 110 100 116 139 218
CWIP 3 3 12 5 10 10 4 2 6 10 19 30
Investments 0 0 2 1 1 1 1 28 9 5 52 56
306 268 263 315 438 465 423 646 764 797 851 950
Total Assets 435 358 357 403 529 590 544 786 879 928 1,062 1,254

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
6 32 45 13 95 59 48 61 43 77 60 168
37 -5 -19 -9 -17 -47 -13 -35 8 10 -94 -99
-57 -36 -27 -6 -31 -40 -31 -31 -38 -53 28 -103
Net Cash Flow -13 -8 -1 -2 46 -27 4 -5 12 33 -6 -34

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 69 57 58 75 66 61 64 93 65 55 47 50
Inventory Days 32 46 50 53 32 29 29 39 33 30 35 30
Days Payable 60 52 55 61 71 62 55 100 70 57 51 56
Cash Conversion Cycle 41 51 53 66 27 28 38 33 28 28 30 24
Working Capital Days 43 50 50 63 32 29 38 36 32 32 36 33
ROCE % 17% 13% 17% 18% 28% 29% 20% 20% 30% 26% 25% 27%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
59.67% 59.67% 59.67% 59.67% 57.93% 57.93% 57.93% 57.93% 57.93% 57.93% 57.93% 57.93%
0.80% 0.70% 0.73% 0.61% 0.47% 0.11% 0.02% 0.14% 0.31% 0.31% 0.44% 0.47%
0.00% 0.04% 0.07% 0.02% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.01%
39.53% 39.57% 39.52% 39.70% 41.60% 41.96% 42.04% 41.94% 41.76% 41.76% 41.64% 41.60%
No. of Shareholders 46,93748,26356,90553,93451,71950,92753,34556,70756,68161,80366,24462,785

* 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.

Click on the line-items to see the names of individual entities.

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