On 6 Nov 2026, Plaza Wires was priced at ₹50.65, or 20.7× trailing earnings, against an industry P/E of 30.0×, and the shares are 23% below their 52-week high. Sales and net profit grew 20% and 0.0% a year over 3 years, with ROCE of 9.6% and ROE of 5.8%. Debt is 0.25× equity. It is a small-cap company with a market cap of ₹222 Cr, ranked 70th of 97 Electrical Equipment & Parts companies by market cap; the shares rose 11% over the past year.
- ₹53.60
- ₹53.60
- ₹48.01
- ₹53.34
- 90.4K
Health check
- ReturnsAhead
+10.6% over a year, better than 5 of 7 peers.
- Price tagCheaper
P/E 20.7 vs industry 30.0.
- GrowthSlow
Sales +20.3%, profit +0.0% a year over 3 years.
- ProfitabilityWeak
ROCE 9.6% vs peer median 22.1%.
- Balance sheetFair
Debt 0.25× equity, interest covered 4.5×.
- Red flags1 to check
Return on equity is low at 5.8%.
Small cap
Moves with the market
Key metrics
- Market cap
- ₹222 Cr
- Small cap
- P/E
- 20.7
- Industry 30.0
- Price to book
- 1.72
- Peers 7.24
- Dividend yield
- 0.00%
- ROE
- 5.8%
- Peers 18.0%
- ROCE
- 9.6%
- Peers 22.1%
- Debt to equity
- 0.25
- Debt ₹32 Cr
- EPS (TTM)
- ₹2.45
- Face value ₹10
- OPM (TTM)
- 6.1%
- Net margin 3.1%
- Sales growth
- +38.1%
- Latest quarter vs a year ago
- Profit growth
- +316.5%
- Latest quarter vs a year ago
- Price to sales
- 0.65
- EV/EBITDA 12.1
Strengths and risks
Strengths
- Quarterly profit up 316.5% on a year ago.
- Quarterly sales up 38.1% on a year ago.
- P/E of 20.7 against an industry P/E of 30.0.
- Positive operating cash flow in each of the last 4 years.
Risks to check
- Return on equity is low at 5.8%.
About Plaza Wires
Plaza Wires Limited manufactures and sells electrical wires and allied products in India. The company offers electric fans, water heaters, switches and switchgears, poly vinyl chloride insulated electrical tape, and poly vinyl chloride conduit pipe and accessories, as well as wires and cables under the PLAZA CABLES, Action Wire, and PCG brand names. It also markets and sells LT aluminum cables and fast-moving electrical goods. The company was incorporated…
- Headquarters
- New Delhi
- Employees
- 199
- Sector
- Industrials
- ISIN
- INE0INJ01017
- Website
- plazawires.in
Price range
- Avg volume (3M)
- 94K
- 1-year return
- plus 10.6%
- From 52-week high
- minus 23.3%
Peers · Electrical Equipment & Parts
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| POWERINDIAHitachi Energy India | 27,800.00 | minus 1.42% | 1,23,911 | 107.7 | 95.3 | 24.9% | 16.1% | 0.02 | 22.2% | plus 37.9% |
| CGPOWERCG Power and Industrial Solutions | 773.00 | minus 4.43% | 1,21,785 | 88.6 | 72.5 | 19.3% | 13.1% | 0.02 | 21.2% | plus 8.2% |
| POLYCABPolycab India | 7,871.00 | plus 0.28% | 1,18,613 | 37.5 | 29.0 | 30.4% | 13.6% | 0.02 | 26.6% | plus 3.8% |
| HAVELLSHavells India | 1,128.00 | plus 5.61% | 70,789 | 42.6 | 30.0 | 22.1% | 9.1% | 0.02 | 9.9% | minus 28.1% |
| APARINDSApar Industries | 14,106.00 | minus 9.65% | 59,065 | 41.6 | 30.7 | 26.7% | 9.5% | 0.12 | 17.0% | plus 87.2% |
| KEIKEI Industries | 3,988.00 | minus 1.80% | 38,143 | 36.1 | 29.9 | 18.7% | 11.0% | 0.04 | 19.1% | plus 1.8% |
| HONAUTHoneywell Automation India | 30,080.00 | minus 0.79% | 26,613 | 47.0 | 35.7 | 15.7% | 13.8% | 0.02 | 10.9% | minus 17.5% |
| PLAZACABLEPlaza Wires | 50.65 | minus 5.04% | 222 | 20.7 | 16.5 | – | 7.7% | 0.25 | 20.3% | plus 10.6% |
| Median of 7 peers | – | −1.42% | 70,789 | 42.6 | 30.7 | 22.1% | 13.1% | 0.02 | 19.1% | 3.8% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 65.4 | 74.7 | 66.5 | 112 | 90.2 | |
| 62.6 | 72.5 | 62.7 | 105 | 82.4 | |
| 2.7 | 2.2 | 3.7 | 7 | 7.9 | |
| 4.2% | 2.9% | 5.6% | 6.3% | 8.7% | |
| 0.2 | 0 | 0 | 0.1 | 0.1 | |
| 0.7 | 0.7 | 0.6 | 1.1 | 1.1 | |
| 0.7 | 0.7 | 0.7 | 0.8 | 0.9 | |
| 1.5 | 0.8 | 2.4 | 5.3 | 6 | |
| 28.3% | 33.4% | 24.2% | 26.4% | 25.4% | |
| 1.1 | 0.5 | 1.8 | 3.9 | 4.5 | |
| 0.25 | 0.11 | 0.42 | 0.89 | 1.03 |
Profit & loss
- Sales CAGR 3Y
- +20.3%
- Profit CAGR 3Y
- 0.0%
- EPS CAGR 3Y
- 0.0%
- ROE
- 5.8%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 182 | 199 | 218 | 318 | |
| – | +8.9% | +9.7% | +45.8% | |
| 167 | 189 | 210 | 302 | |
| 16 | 10 | 8.1 | 16.1 | |
| 8.7% | 5.0% | 3.7% | 5.1% | |
| −0.1 | 0.9 | 0.6 | −0 | |
| 4 | 4.2 | 2.8 | 2.8 | |
| 1.3 | 1.5 | 1.9 | 3 | |
| −0.3 | −0.1 | −0.1 | −0.3 | |
| 10.3 | 5.2 | 3.9 | 10 | |
| 29.4% | 29.6% | 26.3% | 26.7% | |
| 7.3 | 3.7 | 2.9 | 7.3 | |
| – | minus 49.6% | minus 21.6% | +153.2% | |
| 1.67 | 1.00 | 0.66 | 1.67 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 30.6 | 43.8 | 43.8 | 43.8 | |
| 22.5 | 75.8 | 78.5 | 85.8 | |
| 39.7 | 41.3 | 25.2 | 32.1 | |
| 19.3 | 11.9 | 16.2 | 21.1 | |
| 112 | 173 | 164 | 183 | |
| 25.7 | 28.4 | 48.9 | 54.1 | |
| 2.8 | 2.8 | – | 0.1 | |
| – | 1.1 | 1.1 | 1.5 | |
| 0 | 29.7 | 0 | 0 | |
| 83.6 | 111 | 114 | 127 | |
| 112 | 173 | 164 | 183 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 8.6 | 173 | 11 | 4.2 | |
| −3.9 | −3.2 | −21.6 | −8 | |
| −4.7 | 60.1 | −19 | 3.8 | |
| – | 230 | −29.7 | 0 | |
| −4 | −4.3 | −23.4 | −8.2 | |
| 4.6 | 168 | −12.4 | −4.1 |
Shareholding pattern
- Promoters69.83%
- Public30.17%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 69.83% | 30.17% | 0.00 | |
| 30 Jun 2026 | 69.83% | 30.17% | 0.00 | |
| 31 Mar 2026 | 69.83% | 30.17% | 0.00 | |
| 31 Dec 2025 | 69.83% | 30.17% | 0.00 | |
| 30 Sep 2025 | 69.83% | 30.17% | – |
Major shareholders
Filings & events
News
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