Plaza Wires Limited (PLAZACABLE)

About

Plaza Wires manufactures electrical cables for the industrials sector, operating as a small-cap company (₹234.64 Cr market cap) with 70% promoter ownership. Over the past two years, revenues have grown nearly 2x and the company has swung from near-breakeven (₹0.16 Cr net profit, Sep 2024) to ₹4.5 Cr quarterly profit (Jun 2026), though operating margins remain below 5% on average.

Face value: ₹10

Market cap

₹250 Cr

P/E

23.3×

P/B

1.9×

Dividend yield

0%

ROE

5.8%

ROCE

10.1%

Debt / equity

0.25

OPM

4.9%

EPS (TTM)

₹2.5

Book value

₹29.6

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Margin recovery unproven: operating margin jumped to 8.73% in Jun 2026 from 2.24% in Sep 2024, but whether this reflects structural improvement or temporary tailwinds requires verification against cost structure and raw material exposure
Revenue volatility: quarterly revenue swung from ₹49.63 Cr (Dec 2024) to ₹111.53 Cr (Mar 2026) then back to ₹90.24 Cr (Jun 2026), suggesting execution or demand inconsistency
Valuation risk: PE of 21.87 against ROE of 5.8% implies the market is pricing in sustained earnings growth; a miss would see significant compression
Copper price exposure: electrical cable manufacturers face raw material cost volatility typical in the sector—verify hedging and pass-through mechanisms

Generated analysis · source review pending

Growth drivers

Operating margin expansion: OPM rose from 2.24% (Sep 2024) to 8.73% (Jun 2026); if sustained, could compound absolute profit and lift ROE from current 5.8%
Revenue growth trajectory: revenues doubled from ₹47.84 Cr (Sep 2024) to ₹90.24 Cr (Jun 2026); momentum depends on whether this reflects market-share gain or sector recovery—verify customer additions and pricing
EPS growth: per-share earnings rose 25x from ₹0.04 (Sep 2024) to ₹1.03 (Jun 2026), though base was low; continuation requires stable profitability
Debt capacity: D/E ratio of 0.25 provides room for leverage if capex or M&A is needed to scale production—verify management's capital allocation plans

Generated analysis · source review pending

729 historical price candles were omitted because the exchange source has not been verified.

₹57.1-4.6%1Y

Quick read

rule-based

Pros

+High promoter holding of 69.8% with no pledge

Cons

−Low return on equity of 3.8% (3-yr avg)
−Thin operating margin of 4.9%

Research score

Structured signal from quality, growth, valuation and momentum.

65/100

Business quality: 26
Growth: 100
Valuation: 68

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.

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Polycab India LimitedPOLYCABPOLYCAB	₹1,20,329 Cr	₹1,20,462 Cr	₹31,188 Cr	₹4,284 Cr	13.9%	₹2,864 Cr	9.4%	33.9%	24.5%	114
Kei Industries LimitedKEIKEI	₹43,039 Cr	₹43,225 Cr	₹12,343 Cr	₹1,367 Cr	10.5%	₹997 Cr	7.8%	20.3%	14.8%	101
R R Kabel LimitedRRKABELRRKABEL	₹28,481 Cr	₹28,713 Cr	₹10,832 Cr	₹925 Cr	8.1%	₹608 Cr	5.1%	30%	20.8%	56
Finolex Cables LimitedFINCABLESFINCABLES	₹22,305 Cr	₹22,324 Cr	₹6,939 Cr	₹727 Cr	9.8%	₹800 Cr	11.3%	11.4%	12.3%	78
Universal Cables LimitedUNIVCABLESUNIVCABLES	₹5,036 Cr	₹6,212 Cr	₹3,368 Cr	₹294 Cr	8.6%	₹200 Cr	5.4%	9.5%	8.9%	115
Laser Power & Infra LimitedLASERPOWERLASERPOWER	₹3,689 Cr	—	—	—	—	—	—	—	—	—
Lumino Industries LimitedLUMINOLUMINO	₹2,939 Cr	—	—	—	—	—	—	—	—	—
Quadrant Future Tek LimitedQUADFUTUREQUADFUTURE	₹2,126 Cr	₹2,150 Cr	₹165 Cr	₹-33 Cr	-25.7%	₹-39 Cr	-28.1%	-17.4%	-15.5%	387
Dynamic Cables LimitedDYCLDYCL	₹2,076 Cr	₹2,116 Cr	₹1,285 Cr	₹141 Cr	10.8%	₹91 Cr	7.1%	29.4%	20.3%	93
Paramount Communications LimitedPARACABLESPARACABLES	₹1,849 Cr	₹1,965 Cr	₹1,992 Cr	₹86 Cr	3.5%	₹61 Cr	3.1%	13.4%	8%	101
Systematic Industries LtdSYSTEMATICSYSTEMATIC	₹637 Cr	—	₹553 Cr	₹37 Cr	6.6%	₹21 Cr	3.8%	—	—	—
Susan Electricals India LtdSUSANSUSAN	₹629 Cr	—	—	—	—	—	—	—	—	—

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Financials

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

Annual Quarterly

Standalone figures · ₹ crore

₹ Cr	Mar 2024	Mar 2025	Mar 2026
	199	218	318
COGS	154	172	254
Gross profit	45	46	64
	35	38	48
	10	8	16
OPM %	5%	3.6%	4.9%
Depreciation	1	2	3
Interest	4	3	3
	1	1	0
Profit before tax	5	4	10
Tax	2	1	3
Tax %	29.7%	26.3%	26.7%
	4	3	7
PAT margin %	1.9%	1.3%	2.3%
EPS (₹)	0.8	0.7	1.7
EPS adjusted (₹)	0.8	0.7	1.7
Annual report	Annual report for Mar 2024	Annual report for Mar 2025	—

₹ Cr	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	31	44	44	44
Reserves	—	76	78	86
Minority interest	—	—	0	—
	—	41	25	32
	—	12	16	21
Total equity & liabilities	—	173	164	183
	23	26	49	54
CWIP	—	3	—	0
Investments	—	0	0	0
	—	144	115	128
Total assets	—	173	164	183

₹ Cr	Mar 2024	Mar 2025	Mar 2026
	-27	11	4
	-3	-22	-8
	60	-19	4
Net cash flow	30	-30	0
Free cash flow	-32	-12	-4
CFO / Operating profit %	-274.2%	138.7%	26.6%

Compounded sales growth

7 years: —
5 years: —
3 years: —
1 year: 46%

Compounded profit growth

7 years: —
5 years: —
3 years: —
1 year: 154%

Return on equity

7 years: —
5 years: —
3 years: 4%
Last year: 6%

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Ratios

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

Standalone figures

Ratio	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	22.4%	21.1%	20.1%
EBITDA margin %	5%	3.6%	4.9%
EBIT margin %	4.3%	2.8%	4%
PAT margin %	1.9%	1.3%	2.3%
Working capital
Receivable days	110	104	87
Inventory days	79	78	61
Payable days	13	21	16
NWC days	176	161	132
Leverage
Current ratio	2.94	3.03	2.54
Debt to EBITDA	4.16	3.19	2.04
Debt to equity	0.35	0.21	0.25
Interest coverage	2.2	2.3	4.2
Asset turnover	1.15	1.33	1.74
Return ratios
Return on assets %	2.1%	1.8%	4%
Return on capital employed %	7.7%	5.5%	10.1%
Return on equity %	3.1%	2.4%	5.6%

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
	69.83%	69.83%	69.83%	69.83%	69.83%	69.83%	69.83%	69.83%	69.83%	69.83%	69.83%	69.83%
	8.3%	2.2%	0%	0.22%	0.07%	0.01%	0.02%	0.04%	0%	0.06%	0.03%	0%
DII	10.42%	2.12%	0%	0.06%	0.06%	0.17%	0.17%	0%	0%	0%	0%	0%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	11.45%	25.85%	30.17%	29.89%	30.04%	29.99%	29.98%	30.13%	30.17%	30.11%	30.14%	30.17%
No. of shareholders	—	—	—	—	—	—	—	—	46,562	45,397	44,209	43,919

Promoter holding up 0 percentage points since Sep 2023.

75 deals · 12 Oct 2023 – 1 Aug 2024

Date	Client	Type	Venue	Side	Quantity	Price	Value
1 Aug 2024	MULTIPLIER SHARE & STOCK ADVISORS PRIVATE LIMITED	Bulk	NSE	Buy	4,50,758	₹99.53	₹4.49 Cr
1 Aug 2024	MULTIPLIER SHARE & STOCK ADVISORS PRIVATE LIMITED	Bulk	NSE	Sell	4,50,758	₹103.28	₹4.66 Cr
1 Aug 2024	SETU SECURITIES PVT LTD	Bulk	NSE	Sell	2,74,277	₹102.79	₹2.82 Cr
1 Aug 2024	SETU SECURITIES PVT LTD	Bulk	NSE	Buy	2,24,277	₹103.27	₹2.32 Cr
18 Jan 2024	MULTIPLIER SHARE & STOCK ADVISORS PRIVATE LIMITED	Bulk	NSE	Buy	3,15,000	₹104.10	₹3.28 Cr
13 Dec 2023	MULTIPLIER SHARE & STOCK ADVISORS PRIVATE LIMITED	Bulk	NSE	Buy	3,44,287	₹97.75	₹3.37 Cr
13 Dec 2023	SSPL WEALTH PRIVATE LIMITED	Bulk	NSE	Sell	3,03,614	₹98.08	₹2.98 Cr
11 Dec 2023	SSPL WEALTH PRIVATE LIMITED	Bulk	NSE	Sell	3,56,473	₹104.35	₹3.72 Cr
8 Dec 2023	SSPL WEALTH PRIVATE LIMITED	Bulk	NSE	Sell	2,93,527	₹99.80	₹2.93 Cr
21 Nov 2023	MANSI SHARE AND STOCK ADVISORS PVT LTD	Bulk	NSE	Buy	2,43,364	₹115.80	₹2.82 Cr

1–10 of 75

1 / 8

Mr. SANJAY GUPTAExecutive Director-Chairperson-MD
Mrs. SONIA GUPTAExecutive Director
Mr. ABHISHEK GUPTAExecutive Director
Mr. ADITYA GUPTAExecutive Director
Mr. ISH SADANANon-Executive - Independent Director
Ms. SWATI JAINNon-Executive - Independent Director
Ms. CHETNANon-Executive - Independent Director
Ms. MONAM KAPOORNon-Executive - Independent Director
Bhavika KapilCompany 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.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

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

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Plaza Wires Limited. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

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

Announcements

30

Annual reports

2

Documents link to external sources (exchange filings, company investor pages).

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Events

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

1

Board meeting to consider results13 Aug 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

11 announcementsExport CSV

13 Aug 2026, 5:16 pmCompany Update

Announcement under Regulation 30 (LODR)-Change in Management

Change in Management PDF

10 Aug 2026, 6:02 pmBoard Meeting

Board Meeting Intimation for Prior Intimation Of Meeting Of The Board Of Directors Under Regulation 29 Of The Securities And Exchange Board Of India (LODR) Regulation, 2015.

Exchange filing PDF

13 Jul 2026, 5:19 pmCompany Update

Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018

Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 PDF

Date	Category	Subject	Filing
13 Aug 2026, 5:16 pm	Company Update Change in Management	Announcement under Regulation 30 (LODR)-Change in Management	PDF
10 Aug 2026, 6:02 pm	Board Meeting	Board Meeting Intimation for Prior Intimation Of Meeting Of The Board Of Directors Under Regulation 29 Of The Securities And Exchange Board Of India (LODR) Regulation, 2015.

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Plaza Wires Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Events

Board meetings1

Announcements

Ratio timeline

No fund holdings on record

Quarterly record

Bulk & block deals

Board and management

Announcements

Annual reports

Board meetings1

Not in the F&O segment

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

1

1