Pg Electroplast Limited (PGEL)

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Pg Electroplast Limited (PGEL) · mywealthgrid

About

Pg Electroplast Limited manufactures consumer electronics in India's consumer durables sector. Market cap ₹17,164.56 Cr; stock trading at ₹601. Recent quarterly results show mixed performance across reported business units.

Face value: ₹1

Market cap

₹13,740 Cr

P/E

66.8×

P/B

4.5×

Dividend yield

0.1%

ROE

6.7%

ROCE

10.9%

Debt / equity

0.2

OPM

7.3%

EPS (TTM)

₹7.2

Book value

₹106.9

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Valuation risk: PE of 83.4 is extremely high; verify if earnings growth trajectory justifies this multiple or reflects overvaluation, particularly given 1y return of -18.44%
Margin compression: Operating margin of 7.32% is thin for consumer electronics, limiting ability to absorb cost inflation or competitive price pressure
Segment profitability concerns: Secondary segment showed 0.42% net margin in Sep 2025 (₹2.76 Cr profit on ₹655.37 Cr revenue); verify segment viability and consolidated impact
Capital efficiency: ROE of 6.69% is low; assess if capital redeployment or operational improvements can enhance asset returns

Generated analysis · source review pending

Growth drivers

Sep 2025 achieved 10.46% operating margin, highest in dataset; verify if this level reflects operational improvements or product mix changes that can be sustained
Jun 2026 primary segment posted ₹2,033.96 Cr revenue and ₹76.22 Cr profit, strongest recent results; confirm if momentum continues into subsequent quarters
Low debt-to-equity of 0.2 provides balance sheet capacity to fund organic growth, acquisitions, or shareholder returns
Consistent dividends in 2024 and 2025 demonstrate stable cash generation; verify payout ratio sustainability and retained earnings reinvestment

Generated analysis · source review pending

2,528 historical price candles were omitted because the exchange source has not been verified.

₹481.1-2.4%1Y

Quick read

rule-based

Pros

+Profit CAGR of 76.1% over the last 5 years
+Revenue CAGR of 49.7% over the last 5 years

Cons

−Thin operating margin of 7.3%
−Expensive at 66.8× trailing earnings
−Low dividend payout of 6.9% of profit

Research score

Structured signal from quality, growth, valuation and momentum.

45/100

Business quality: 28
Growth: 88
Valuation

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Part ofNIFTY SMALLCAP 50 NIFTY SMALLCAP 100 NIFTY SMALLCAP 250 NIFTY MIDSMALLCAP 400 NIFTY 500

Screen this industry

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	703	1,098	2,160	2,747	4,870	5,288
COGS	557	884	1,765	2,206	3,892	4,355
Gross profit	147	214	395	540	977	933
	97	139	219	281	496	543
	50	74	176	260	481	390
OPM %	7.1%	6.8%	8.2%	9.5%	9.9%	7.4%
Depreciation	18	22	35	47	66	88
Interest	18	23	48	52	89	102
	2	19	4	13	35	55
Profit before tax	15	49	98	174	362	255
Tax	4	12	20	39	74	58
Tax %	23.2%	23.7%	20.6%	22.6%	20.4%	22.9%
	12	37	77	135	288	197
PAT margin %	1.7%	3.4%	3.6%	4.9%	5.9%	3.7%
EPS (₹)	6	18.1	35.8	54.7	10.7	6.9
EPS adjusted (₹)	0.6	1.8	3.4	5.2	10.2	6.9
	0%	0%	0%	0.4%	2.3%	3.6%
Annual report	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	—

₹ Cr	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	20	20	21	23	26	28	29
Reserves	—	173	291	373	1,012	2,800	3,020
Minority interest	—	—	0	—	—	—	0
	—	183	384	543	361	302	597
	—	204	372	570	909	1,991	2,302
Total equity & liabilities	—	579	1,069	1,508	2,308	5,121	5,947
	254	273	441	578	783	1,136	1,540
CWIP	—	6	5	2	63	74	312
Investments	—	0	1	2	6	8	11
	—	300	622	926	1,457	3,903	4,083
Total assets	—	579	1,069	1,508	2,308	5,121	5,947

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	20.9%	19.5%	18.3%	19.7%	20.1%	17.6%
EBITDA margin %	7.1%	6.8%	8.2%	9.5%	9.9%	7.3%
EBIT margin %	4.5%	4.8%	6.5%	7.8%	8.6%	5.7%
PAT margin %	1.7%	3.4%	3.6%	4.9%	5.9%	3.7%
Working capital
Receivable days	76	71	74	73	73	82
Inventory days	61	118	73	90	123	134
Payable days	101	111	81	107	129	147
NWC days	37	78	66	56	68	69
Leverage
Current ratio	0.99	1.11	1.12	1.46	1.9	1.47
Debt to EBITDA	3.68	5.15	3.08	1.38	0.62	1.54
Debt to equity	0.95	1.23	1.37	0.35	0.11	0.2
Interest coverage	1.9	3.1	3	4.4	5.1	3.5
Asset turnover	1.21	1.03	1.43	1.19	0.95	0.89
Return ratios
Return on assets %	2%	3.5%	5.1%	5.8%	5.6%	3.3%
Return on capital employed %	11.7%	17.4%	24%	22.4%	20.2%	10.9%
Return on equity %	6%	12%	19.6%	13%	10.2%	6.4%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	53.59%	53.59%	53.7%	53.56%	53.42%	49.37%	49.37%	43.72%	43.6%	43.41%	43.41%	43.37%
	8.96%	10.77%	11.02%	11.07%	10.68%	10.29%	10.45%	13.02%	11.46%	10.59%	9.74%	9.95%
	12.62%	12.35%	10.94%	9.9%	9.8%	16.22%	16.38%	18.1%	18.83%	22.66%	24.48%	23.89%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	24.63%	23.28%	24.34%	25.21%	25.91%	24.12%	23.8%	25.11%	26.11%	23.07%	22.36%	22.7%
No. of shareholders	—	—	—	—	—	—	—	—	2,55,336	2,26,944	2,23,484	2,20,368

Promoter holding down 10.22 percentage points since Sep 2023.

45 deals · 1 Jun 2022 – 7 Aug 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
7 Aug 2026	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	15,92,521	₹626.75	₹99.81 Cr
7 Aug 2026	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	15,91,571	₹626.76	₹99.75 Cr
16 Jun 2026	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	15,99,799	₹520.09	₹83.20 Cr
16 Jun 2026	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	15,99,799	₹519.63	₹83.13 Cr
29 May 2026	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	15,15,240	₹478.15	₹72.45 Cr
29 May 2026	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	15,15,240	₹477.67	₹72.38 Cr
13 Mar 2026	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	14,37,520	₹505.26	₹72.63 Cr
13 Mar 2026	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	14,36,928	₹504.96	₹72.56 Cr
3 Feb 2026	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	17,78,582	₹573.62	₹102.02 Cr
3 Feb 2026	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	17,69,082	₹573.77	₹101.50 Cr

1–10 of 45

1 / 5

Mr. Anurag GuptaExecutive Director-Chairperson related to Promoter
Mr. Vishal GuptaExecutive Director-MD
Mr. Vikas GuptaExecutive Director-MD
Mr. Ram Dayal ModiNon-Executive - Independent Director
Mr. Raman UberoiNon-Executive - Independent Director
Mr. Krishnavatar KhandelwalNon-Executive - Independent Director
Mrs. Ruchika BansalNon-Executive - Independent Director
Mrs. Mitali ChitreNon-Executive - Nominee Director
Mr. Pramod Chimmanlal GuptaChief Financial Officer
Mr. Deepesh KediaCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

End of day 30 Sept 2026 · underlying ₹493.5 · volume and open interest in contracts

3

Expiry	Close	Chg	% Chg	Settlement	Open interest	Change in OI	Volume	Lot size
27 Oct 2026	₹499.2	-1.7	-0.3%	₹499.2	12,477	+244	1,287	950
23 Nov 2026	₹501.8	-2.4	-0.5%	₹501.8	216	+9	34	950
29 Dec 2026	₹503.0	+2.5	+0.5%	₹503.0	1	+1	3	950

Open the chart icon on a row for that contract's close over 103 stored sessions, with open interest as bars beneath it.

25

27 Oct 2026 23 Nov 2026 29 Dec 2026

Calls				Strike	Puts
OI	Chg OI	Volume	LTP	—	LTP	Volume	Chg OI	OI
108	+57	216	₹12.9	510

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

Portfolio month

Schemes holding

across 13 fund houses

Held by these funds

15.81%

of the company's equity

All mutual funds

18.65%

shareholding pattern, Jun 2026

Portfolios as of

August 2026

compared with July 2026

68 schemes · 13 fund houses

		Shares
Flexi Cap FundNEW	ICICI Prudential Mutual Fund	73.68 L	428.09	1.65%	2.58%	—
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	59.21 L	343.99	2.43%	2.073%	-3 L
Small Cap Fund	Axis Mutual Fund	37.36 L	217.07	0.69%	1.308%	-0
SMALL CAP FUND	Nippon India Mutual Fund	34.51 L	200.53	0.24%	1.209%	-0
Franklin India Small Cap Fund (Formerly known as Franklin India Smaller Companies Fund) ^	Franklin Templeton Mutual Fund	27.7 L	160.91	1.09%	0.97%	-2.87 L
Franklin India Flexi Cap Fund ( Formerly known as Franklin India Equity Fund) ^NEW	Franklin Templeton Mutual Fund	26.09 L	151.61	0.78%	0.914%	—
VALUE FUND	Nippon India Mutual Fund	25.5 L	148.15	1.64%	0.893%	-1 L
Multi Cap FundNEW	ICICI Prudential Mutual Fund	24.34 L	141.4	0.72%	0.852%	—

1–8 of 68

1 / 9

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

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Events

Upcoming dates and the company’s corporate-action history.

3

Final dividend18 Sept 2026 · ex-date₹0.25
Final dividend19 Sept 2025 · ex-date₹0.25
Final dividend23 Sept 2024 · ex-date₹0.2

1

Board meeting to consider results6 Aug 2026

1

Face value ₹10 → ₹110 Jul 2024 · ex-date

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

22 announcementsExport CSV

30 Sept 2026, 7:21 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Scrutinizer''s Report

AGM PDF

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Ratio	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	20.9%	19.5%	18.3%	19.7%	20.1%	17.6%
EBITDA margin %	7.1%	6.8%	8.2%	9.5%	9.9%	7.3%
EBIT margin %	4.5%	4.8%	6.5%	7.8%	8.6%	5.7%
PAT margin %	1.7%	3.4%	3.6%	4.9%	5.9%	3.7%
Working capital
Receivable days	76	71	74	73	73	82
Inventory days	61	118	73	90	123	134
Payable days	101	111	81	107	129	147
NWC days	37	78	66	56	68	69
Leverage
Current ratio	0.99	1.11	1.12	1.46	1.9	1.47
Debt to EBITDA	3.68	5.15	3.08	1.38	0.62	1.54
Debt to equity	0.95	1.23	1.37	0.35	0.11	0.2
Interest coverage	1.9	3.1	3	4.4	5.1	3.5
Asset turnover	1.21	1.03	1.43	1.19	0.95	0.89
Return ratios
Return on assets %	2%	3.5%	5.1%	5.8%	5.6%	3.3%
Return on capital employed %	11.7%	17.4%	24%	22.4%	20.2%	10.9%
Return on equity %	6%	12%	19.6%	13%	10.2%	6.4%

Calls	Strike	Puts
108	+57	216	₹12.9	510

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Pg Electroplast LimitedPGELPGEL	₹13,740 Cr	₹14,337 Cr	₹5,818 Cr	₹414 Cr	7.3%	₹206 Cr	3.7%	10.9%	6.7%	69
Ikio Technologies LimitedIKIOIKIO	₹1,476 Cr	₹1,517 Cr	₹644 Cr	₹88 Cr	13%	₹47 Cr	7%	10%	6.5%	242
Onida Electronics LimitedONIDAONIDA	₹1,158 Cr	₹1,260 Cr	₹766 Cr	₹13 Cr	1.8%	₹2 Cr	0.3%	3.7%	0.8%	250
CWD LtdCWDCWD	₹651 Cr	—	₹142 Cr	₹22 Cr	15.4%	₹11 Cr	7.8%	—	—	—
Universus Photo Imagings LimitedUNIVPHOTOUNIVPHOTO	₹534 Cr	₹534 Cr	₹19 Cr	₹1 Cr	-1.5%	₹-18 Cr	-425.7%	2.4%	-9.5%	51
Sharp India LtdSMAARTSMAART	₹334 Cr	₹475 Cr	₹0 Cr	₹-8 Cr	—	₹-24 Cr	—	—	—	—
Veto Switchgears And Cables LimitedVETOVETO	₹261 Cr	₹283 Cr	₹411 Cr	₹41 Cr	9.8%	₹27 Cr	6.4%	12.4%	8.8%	242
BPL LimitedBPLBPL	₹222 Cr	₹327 Cr	₹80 Cr	₹3 Cr	6%	₹-15 Cr	-10.9%	0.9%	-3.4%	-2
Nanta Tech LtdNANTANANTA	₹170 Cr	—	₹51 Cr	₹7 Cr	12.7%	₹5 Cr	9.2%	—	—	—
Calcom Vision LtdCALCOMCALCOM	₹90 Cr	₹154 Cr	₹58 Cr	₹4 Cr	6.2%	₹1 Cr	1.1%	9.6%	2.9%	86
Khaitan (India) LimitedKHAITANLTDKHAITANLTD	₹71 Cr	₹76 Cr	₹118 Cr	₹8 Cr	6.6%	₹6 Cr	5.4%	20.2%	19.9%	-48
Samtel India LtdSAMTELINSAMTELIN	₹40 Cr	₹40 Cr	₹0 Cr	₹-0 Cr	-825%	₹-0 Cr	75%	-20.7%	3.2%	-59

Date	Category	Subject	Filing
30 Sept 2026, 7:21 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Scrutinizer''s Report	PDF
29 Sept 2026, 5:47 pm	AGM/EGM AGM	Proceedings Of The 24Th AGM Of The Company Held On September 29, 2026.	PDF
21 Sept 2026, 12:34 pm	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF
21 Sept 2026, 12:19 pm	Company Update Analyst / Investor Meet	Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation	PDF
7 Sept 2026, 6:17 pm	Company Update General	Disclosure Under Regulation 36(1)(B) Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015	PDF
7 Sept 2026, 5:53 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF
5 Sept 2026, 1:00 pm	AGM/EGM AGM	Intimation On Tax Deduction At Source (TDS) / Withholding Tax On Dividend	PDF
5 Sept 2026, 12:49 pm	Others Business Responsibility and Sustainability Reporting (BRSR)	Business Responsibility and Sustainability Reporting (BRSR)	PDF

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	57	-79	46	186	-77	66
	-43	-161	-173	-399	-1,201	-198
	-17	257	112	234	1,329	82
Net cash flow	-4	16	-15	22	51	-50
Free cash flow	13	-237	-109	-41	-565	-719
CFO / Operating profit %	114.5%	-106.7%	26%	71.2%	-15.8%	17.1%

Pg Electroplast Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Ratios

Shareholding

F&O

3

25

Fund holders

Documents

Announcements

Events

3

1

1

Announcements

3

1

1

3

25

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Compounded sales growth

Compounded profit growth

Return on equity

Pg Electroplast Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Futures3

Option chain25

Fund holders

Documents

Announcements

Events

Dividends3

Board meetings1

Stock splits1

Announcements

Ratio timeline

Dividends3

Board meetings1

Stock splits1

Quarterly record

Bulk & block deals

Board and management

Futures3

Option chain25

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

3

25

3

1

1

3

1

1

3

25