Precision Wires India Ltd
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]
- Market Cap ₹ 8,140 Cr.
- Current Price ₹ 445
- High / Low ₹ 525 / 193
- Stock P/E 46.6
- Book Value ₹ 42.2
- Dividend Yield 0.28 %
- ROCE 32.9 %
- ROE 22.8 %
- Face Value ₹ 1.00
Pros
- Company is expected to give good quarter
- Company has delivered good profit growth of 31.4% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 21.1%
- Company's median sales growth is 17.3% of last 10 years
- Company's working capital requirements have reduced from 21.1 days to 10.5 days
Cons
- Stock is trading at 10.5 times its book value
- 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 881 | 843 | 884 | 1,408 | 1,758 | 1,526 | 1,719 | 2,683 | 3,034 | 3,302 | 4,015 | 5,410 | 6,127 | |
| 833 | 792 | 830 | 1,322 | 1,665 | 1,453 | 1,640 | 2,566 | 2,927 | 3,168 | 3,849 | 5,154 | 5,792 | |
| Operating Profit | 47 | 52 | 54 | 85 | 93 | 73 | 79 | 117 | 106 | 134 | 166 | 256 | 335 |
| OPM % | 5% | 6% | 6% | 6% | 5% | 4.8% | 4.6% | 4.4% | 3.5% | 4.1% | 4.1% | 4.7% | 5% |
| 3 | 2 | 3 | 2 | 1 | 4 | 4 | 7 | 22 | 19 | 21 | 53 | 0 | |
| Interest | 14 | 11 | 9 | 15 | 17 | 19 | 15 | 25 | 33 | 37 | 47 | 73 | 70 |
| Depreciation | 20 | 16 | 14 | 14 | 13 | 16 | 16 | 15 | 14 | 17 | 20 | 27 | 30 |
| Profit before tax | 17 | 27 | 33 | 58 | 65 | 42 | 52 | 84 | 81 | 99 | 120 | 209 | 235 |
| Tax % | 40% | 36% | 32% | 38% | 35% | 24% | 24% | 25% | 27% | 26% | 25% | 26% | |
| 10 | 17 | 23 | 36 | 42 | 32 | 39 | 63 | 59 | 73 | 90 | 155 | 175 | |
| EPS in Rs | 0.58 | 0.98 | 1.30 | 2.07 | 2.41 | 1.83 | 2.27 | 3.63 | 3.33 | 4.08 | 5.04 | 8.49 | 9.58 |
| Dividend Payout % | 63% | 44% | 36% | 29% | 25% | 18% | 29% | 50% | 29% | 26% | 23% | 15% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 20% |
| 5 Years: | 26% |
| 3 Years: | 21% |
| TTM: | 46% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 25% |
| 5 Years: | 31% |
| 3 Years: | 38% |
| TTM: | 84% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 39% |
| 5 Years: | 67% |
| 3 Years: | 54% |
| 1 Year: | 122% |
| Return on Equity | |
|---|---|
| 10 Years: | 16% |
| 5 Years: | 18% |
| 3 Years: | 19% |
| Last Year: | 23% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 18 | 18 | 18 | 18 |
| Reserves | 175 | 183 | 201 | 225 | 254 | 271 | 304 | 353 | 432 | 489 | 558 | 754 |
| 38 | 28 | 38 | 33 | 30 | 31 | 22 | 22 | 16 | 99 | 62 | 293 | |
| 133 | 134 | 152 | 259 | 295 | 230 | 448 | 491 | 462 | 457 | 616 | 1,183 | |
| Total Liabilities | 358 | 357 | 403 | 529 | 590 | 544 | 786 | 879 | 928 | 1,062 | 1,254 | 2,249 |
| 87 | 80 | 82 | 79 | 113 | 115 | 110 | 100 | 116 | 139 | 218 | 316 | |
| CWIP | 3 | 12 | 5 | 10 | 10 | 4 | 2 | 6 | 10 | 19 | 30 | 183 |
| Investments | 0 | 2 | 1 | 1 | 1 | 1 | 28 | 9 | 5 | 52 | 56 | 177 |
| 268 | 263 | 315 | 438 | 465 | 423 | 646 | 764 | 797 | 851 | 950 | 1,573 | |
| Total Assets | 358 | 357 | 403 | 529 | 590 | 544 | 786 | 879 | 928 | 1,062 | 1,254 | 2,249 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 32 | 45 | 13 | 95 | 59 | 48 | 61 | 43 | 77 | 60 | 168 | 273 | |
| -5 | -19 | -9 | -17 | -47 | -13 | -35 | 8 | 10 | -94 | -99 | -397 | |
| -36 | -27 | -6 | -31 | -40 | -31 | -31 | -38 | -53 | 28 | -103 | 199 | |
| Net Cash Flow | -8 | -1 | -2 | 46 | -27 | 4 | -5 | 12 | 33 | -6 | -34 | 76 |
| Free Cash Flow | 24 | 26 | 4 | 77 | 12 | 36 | 52 | 32 | 43 | 11 | 72 | -7 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 81% | 105% | 44% | 136% | 88% | 84% | 89% | 52% | 89% | 60% | 115% | 126% |
Ratios
Standalone / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 57 | 58 | 75 | 66 | 61 | 64 | 93 | 65 | 55 | 47 | 51 | 62 |
| Inventory Days | 46 | 50 | 53 | 32 | 29 | 29 | 39 | 33 | 30 | 35 | 30 | 33 |
| Days Payable | 52 | 55 | 61 | 71 | 62 | 55 | 100 | 70 | 57 | 51 | 56 | 80 |
| Cash Conversion Cycle | 51 | 53 | 66 | 27 | 28 | 38 | 33 | 28 | 28 | 30 | 25 | 15 |
| Working Capital Days | 35 | 38 | 47 | 23 | 27 | 34 | 33 | 29 | 31 | 27 | 26 | 11 |
| ROCE % | 13% | 17% | 18% | 28% | 29% | 20% | 20% | 30% | 26% | 25% | 27% | 33% |
Insights
In beta| Mar 2017 | Mar 2018 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Installed Capacity MTPA |
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| Exports as % of Total Sales % |
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| Average Sales Realisation - CTC Rs lakh/MT |
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| Average Sales Realisation - PICC Rs lakh/MT |
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| Average Sales Realisation - Round Wire Rs lakh/MT |
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| Capacity Utilisation % |
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| Finished Goods Volume Growth % YoY |
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| Tolling (Conversion) Margin per Tonne Rs/MT |
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Extracted by Screener AI
Documents
Announcements
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Intimation Of Purchase Of New Land At Zaroli, Gujarat
- Precision Wires bought 2 acres at Zaroli, Gujarat for about Rs. 3.60 crore on 12 Oct 2026.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
- Enclosed herewith Compliance Certificate under Regulation 74(5) of SEBI (Depositaries and Participants) Regulations, 2018 for the quarter ended September 30, 2026.
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Intimation For Change In Corporate Identification Number (CIN) Pursuant To Alteration Of The Object Clause Of Memorandum Of Association (MOA)
- Precision Wires India changed its CIN after object clause alteration approved on August 10, 2026.
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Board Meeting Outcome for Outcome Of Board Meeting
- Board allotted 37.5 lakh CCDs at ₹400 each to Anchorage Capital Scheme-III and AADI Financial Advisors LLP.
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Closure of Trading Window
- Trading window closes from 30 September 2026 until 48 hours after September quarter results.
Annual reports
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Annual Report 2026
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Annual Report 2025
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Annual Report 2024
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Annual Report 2023
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Annual Report 2022
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Annual Report 2021
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Annual Report 2020
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Annual Report 2019
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Annual Report 2018
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Annual Report 2017
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Annual Report 2016
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Annual Report 2015
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Annual Report 2014
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Annual Report 2013
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Annual Report 2012
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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]