As of 6 Nov 2026, PG Electroplast trades at 72.5× trailing earnings, above the industry P/E of 63.0×, and the shares are 15% below their 52-week high. It earns ROCE of 8.7% and ROE of 7.2%, and sales and net profit grew 34% and 36% a year over 3 years. Its dividend yield is 0.1%, and debt is 0.25× equity. It is a small-cap company with a market cap of ₹15,661 Cr, ranked 3rd of 20 Electronic Components companies by market cap; the shares fell 3.4% over the past year.
- ₹545.00
- ₹550.25
- ₹528.50
- ₹549.15
- 13.5 L
Health check
- ReturnsBehind
−3.4% over a year, better than 2 of 7 peers.
- Price tagPricier
P/E 72.5 vs industry 63.0.
- GrowthSteady
Sales +33.8%, profit +36.4% a year over 3 years.
- ProfitabilityWeak
ROCE 8.7% vs peer median 15.7%.
- Balance sheetStretched
Debt 0.25× equity, interest covered 7.1×, Piotroski 3 of 9.
- Red flags1 to check
Return on equity is low at 7.2%.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹15,661 Cr
- Small cap
- P/E
- 72.5
- Industry 63.0
- Price to book
- 5.04
- Peers 6.25
- Dividend yield
- 0.05%
- ROE
- 7.2%
- Peers 14.9%
- ROCE
- 8.7%
- Peers 15.7%
- Debt to equity
- 0.25
- Debt ₹799 Cr
- EPS (TTM)
- ₹7.53
- Face value ₹1
- OPM (TTM)
- 7.3%
- Net margin 3.6%
- Sales growth
- +42.5%
- Latest quarter vs a year ago
- Profit growth
- +395.1%
- Latest quarter vs a year ago
- Price to sales
- 2.57
- EV/EBITDA 34.5
Strengths and risks
Strengths
- Quarterly profit up 395.1% on a year ago.
- Quarterly sales up 42.5% on a year ago.
Risks to check
- Return on equity is low at 7.2%.
About PG Electroplast
PG Electroplast Limited engages in the provision of electronic manufacturing services in India and internationally. It manufactures and/or assembles various consumer electronic components and finished products, such as kitchen appliances, air conditioners sub-assemblies, air cooler, washing machines, mobile handsets, and LEDs for third parties. The company also offers automotive components; printed circuit board assemblies; LED televisions; bathroom…
- Headquarters
- Greater Noida
- Employees
- 2,202
- Sector
- Technology
- ISIN
- INE457L01029
- Website
- pgel.in
Price range
- Avg volume (3M)
- 13.9 L
- 1-year return
- minus 3.4%
- From 52-week high
- minus 15.2%
Analyst consensus
Peers · Electronic Components
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| SYRMASyrma SGS Technology | 1,459.30 | minus 3.68% | 28,110 | 66.7 | 9.26 | 14.7% | 14.9% | 10.9% | 32.8% | 38.6% | 0.10% | plus 93.2% |
| KAYNESKaynes Technology India | 3,233.00 | minus 1.81% | 21,733 | 63.0 | 4.66 | 12.0% | 9.6% | 15.6% | 47.7% | 56.3% | 0.00% | minus 50.6% |
| PGELPG Electroplast | 546.15 | minus 0.55% | 15,661 | 72.5 | 5.04 | 8.7% | 7.2% | 7.3% | 33.8% | 36.4% | 0.05% | minus 3.4% |
| AVALONAvalon Technologies | 1,893.60 | minus 9.83% | 12,668 | 95.0 | 17.53 | 21.7% | 16.9% | 11.4% | 19.3% | 29.1% | 0.00% | plus 82.6% |
| KRNKRN Heat Exchanger and Refrigeration | 939.80 | minus 4.99% | 6,152 | 51.9 | 6.25 | – | 15.2% | 13.0% | – | – | 0.00% | plus 24.9% |
| CENTUMCentum Electronics | 4,069.20 | minus 0.88% | 6,007 | 374.4 | 17.48 | 37.9% | −12.5% | 10.5% | 2.4% | – | 0.12% | plus 67.0% |
| MODINSUModern Insulators | 457.10 | minus 2.34% | 2,155 | 22.9 | 3.97 | 16.7% | 15.9% | 14.8% | 18.5% | 41.8% | 0.00% | plus 213.5% |
| IKIOIKIO Technologies | 196.69 | plus 13.11% | 1,520 | 31.9 | 2.52 | 8.9% | 6.5% | 13.7% | 18.4% | −8.9% | 0.00% | minus 16.5% |
| Median of 7 peers | – | −2.34% | 6,152 | 63.0 | 6.25 | 15.7% | 14.9% | 13.0% | 18.9% | 38.6% | 0.00% | 67.0% |
Quarterly results
| ₹ Cr | Sep 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|
| 655 | 1,412 | 1,717 | 2,034 | 934 | |
| 625 | 1,295 | 1,598 | 1,886 | 874 | |
| 30.1 | 117 | 119 | 148 | 59.8 | |
| 4.6% | 8.3% | 6.9% | 7.3% | 6.4% | |
| 15 | 9.2 | 12.8 | 8 | 13.9 | |
| 16.7 | 25 | 26 | 35.3 | 26.1 | |
| 21.6 | 22 | 23.7 | 26.5 | 28.1 | |
| 6.7 | 79.1 | 81.8 | 94.4 | 19.5 | |
| 58.8% | 23.8% | 21.5% | 20.2% | 29.9% | |
| 2.8 | 62 | 64.9 | 76.2 | 13.7 | |
| 0.09 | 2.14 | 2.27 | 2.65 | 0.47 |
Profit & loss
- Sales CAGR 3Y
- +33.8%
- Profit CAGR 3Y
- +36.4%
- EPS CAGR 3Y
- +26.4%
- ROE
- 7.2%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 2,133 | 2,711 | 4,796 | 5,105 | |
| – | +27.1% | +76.9% | +6.4% | |
| 1,949 | 2,453 | 4,328 | 4,679 | |
| 185 | 258 | 469 | 427 | |
| 8.7% | 9.5% | 9.8% | 8.4% | |
| −17 | 2.7 | 1.6 | −44.6 | |
| 29.1 | 33.7 | 37.5 | 41 | |
| 35 | 46.6 | 65.6 | 88.2 | |
| −6 | −4 | −2.4 | −1 | |
| 97.5 | 176 | 365 | 252 | |
| 20.6% | 22.4% | 20.2% | 23.2% | |
| 77.5 | 135 | 288 | 197 | |
| – | +74.1% | +113.3% | minus 31.7% | |
| 3.38 | 5.41 | 10.55 | 6.82 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 22.7 | 26 | 28.3 | 28.5 | |
| 373 | 1,012 | 2,800 | 3,020 | |
| 577 | 435 | 384 | 597 | |
| 535 | 835 | 1,908 | 2,302 | |
| 1,508 | 2,308 | 5,121 | 5,947 | |
| 585 | 872 | 1,331 | 2,077 | |
| 8.6 | 90.4 | 197 | 543 | |
| 2.2 | 7.6 | 2.1 | 1.5 | |
| 44.1 | 180 | 961 | 454 | |
| 868 | 1,158 | 2,629 | 2,872 | |
| 1,508 | 2,308 | 5,121 | 5,947 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 45.7 | 188 | −76.6 | 66.2 | |
| −173 | −401 | −1,201 | −198 | |
| 112 | 234 | 1,329 | 81.8 | |
| −15.2 | 21.5 | 51 | −49.7 | |
| −155 | −227 | −488 | −785 | |
| −109 | −38.4 | −565 | −719 | |
| – | – | −5.2 | −7.1 |
Shareholding pattern
- Promoters43.20%
- Public56.68%
- Employee trusts0.12%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 43.20% | 56.68% | minus 0.17 | |
| 30 Jun 2026 | 43.37% | 56.54% | minus 0.04 | |
| 31 Mar 2026 | 43.41% | 56.58% | 0.00 | |
| 31 Dec 2025 | 43.41% | 56.32% | minus 0.19 | |
| 30 Sep 2025 | 43.60% | 56.40% | – |
Major shareholders
Filings & events
News
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