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 ₹ 8,643 Cr.
- Current Price ₹ 473
- High / Low ₹ 525 / 178
- Stock P/E 49.5
- Book Value ₹ 42.2
- Dividend Yield 0.26 %
- 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'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 11.2 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.
Peer comparison
Industrials Capital Goods Industrial Products Aluminium, Copper & Zinc Products
Part of BSE Industrials BSE 1000
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% | 0% |
| 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: | 41% |
| 5 Years: | 70% |
| 3 Years: | 67% |
| 1 Year: | 170% |
| 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/OP | 81% | 105% | 44% | 136% | 88% | 84% | 89% | 52% | 89% | 60% | 115% | 126% |
Ratios
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | |
|---|---|---|---|---|---|---|---|---|
| Installed Capacity MTPA |
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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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| Exports as % of Total Sales % |
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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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Clarification For Increases In The Volume
- Company clarifies volume spurt, citing no undisclosed price-sensitive announcement.
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Clarification sought from Precision Wires India Ltd
- Exchange has sought clarification from Precision Wires India Ltd on August 31, 2026, with reference to Movement in Volume.
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Clarification On Spurt In Volume
- Company clarified volume spurt, citing no undisclosed price-sensitive announcements.
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Intimation Under Regulation 30 Of SEBI (LODR) Regulations, 2015: Preferential Issue Of Securities
- Confirms preferential issue proceeds will comply with NSE circular and applicable laws.
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Disclosure Under Regulation 7(2) Of SEBI (PIT) Regulations, 2015
- Independent Director Niraj Bhukhanwala sold 7,500 equity shares on 26-08-2026 for Rs 32.49 lakh.
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]