PGELConsumer Durables

PG Electroplast Limited

Consumer Electronics · ISIN INE457L01029 · BSE 533581 · NSE EQ · FV ₹1
Last price
₹529
+1.05%today
What this company does

PG Electroplast Limited operates in Consumer Electronics, part of the Consumer Durables sector. It booked ₹2,034 cr of revenue in its latest quarter (Q1 FY27) and kept 3.7% of sales as profit. It is the 3rd largest of 9 Consumer Electronics companies we track, by market value.

Their stated vision

To be the preferred end-to-end manufacturing partner for leading Indian and global brands with a focus Our commitment to superior quality and flawless execution on innovation and excellence.

In the report:
42out of 100
Equitytale Health Score
Strained

Healthier than 42% of companies in Consumer Durables, on all six measures of filed financials. Each measure is ranked against the 25–41 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
32

At close. Not part of the score.

Profitability & returns24

How much profit it earns on the money it employs

Balance sheet29

How much it owes, and whether earnings cover the interest

Cash quality14

Whether reported profit actually arrives as cash

Growth & consistency83

Whether sales and profit have grown, and how steadily

Valuation38

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Strengths
Makes a profit
Sales up 35% vs last year
Profit up 14% vs last year
Promoters hold 43%
No promoter shares pledged
Watch-outs
! Thin 3.7% net margin
! Operating cash flow is negative

What if I invest in PGEL?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹529 +1.05%
latest close · 2026-09-17
52-wk low ₹51342 sessions so far52-wk high ₹644
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio49.6High
LowAverageHigh
P/B ratio4.96High
Below bookModerateHigh
EV / EBITDA25.1High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity10.0%Fair
WeakFairStrong ▸15%
Return on capital15.5%Strong
WeakFairStrong
Net margin3.7%Thin
ThinDecentStrong
EBITDA margin7.7%Thin
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.20Comfortable
LowModerateHigh ▸1
Interest cover3.7×Okay
RiskyOkayStrong ▸5×
Current ratio1.47Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹15,118 cr
Book value
₹107
EPS
₹2.67
latest quarter
Net debt
₹565 cr
owes more than its cash
Enterprise value
₹15,683 cr
EBITDA
₹625 cr
annualised
EBIT
₹519 cr
annualised
Operating margin
6.4%
Return on assets
5.1%
Earnings yield
2.02%
P/S
1.86
Sales / share
₹284.9
Tax rate
20.2%
Face value
₹1
Shares
28.6 cr
Working capital
₹1,223 cr
Current assets
₹3,818 cr
Current liabilities
₹2,594 cr
Delivery %
37.4%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
The market price is far above what these earnings- and book-based models support — a fast-growing or asset-light business can trade well above them for years, so we won't put a confident number on how overpriced it is.
Models span ₹72₹78, midpoint ₹75

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹2,034 cr
Other Income₹8 cr
Total Income₹2,042 cr
Cost of Materials₹1,533 cr
Purchases of Stock-in-Trade₹57 cr
Inventory Change (±)₹149 cr
Employee Benefit Expense₹89 cr
Finance Costs₹35 cr
Depreciation & Amortisation₹27 cr
Other Expenses₹57 cr
Total Expenses₹1,948 cr
Profit before Tax₹94 cr
Tax Expense₹19 cr
Share of JV / Associates₹91.6 L
Net Profit₹76 cr
Net margin on total income3.7%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹1,740 cr85.2%
Employee benefit expense₹89 cr4.4%
Finance costs₹35 cr1.7%
Depreciation & amortisation₹27 cr1.3%
Other expenses₹57 cr2.8%
Tax expense₹19 cr0.9%
Profit for the period₹76 cr3.7%
Total income ₹2,042 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue1,412 cr1,717 cr2,034 cr
Total income1,421 cr1,729 cr2,042 cr
Expenses1,342 cr1,648 cr1,948 cr
Profit before tax79 cr82 cr94 cr
Tax19 cr18 cr19 cr
Net profit (owners' share)62 cr65 cr76 cr
Net margin (owners' share, on revenue)4.4%3.8%3.7%
EPS (₹)2.182.272.67
YoY (latest quarter): total income +34.2% · net profit +13.8%
Balance sheet & cash flow · as of Mar 2026
Low debt
Total assets
₹5,947 cr
Shareholder equity
₹3,049 cr
parent shareholders
Total debt
₹597 cr
Cash
₹32 cr
Cash flow · H1 FY26
Operating
₹-153 cr
Investing
₹7 cr
Financing
₹110 cr
Peer comparison
Consumer Electronics · by market value
CompanyPriceMarket capP/E
Dixon Technologies (India) Limited₹13,290₹81,202 cr28.2
Havells India Limited₹1,092₹68,534 cr59.0
PG Electroplast Limitedthis company₹529₹15,118 cr49.6
IKIO Technologies Limited₹206₹1,591 cr36.8
Onida Electronics Limited₹32₹1,193 cr
Universus Photo Imagings Limited₹614₹672 cr3.7
Veto Switchgears And Cables Limited₹133₹253 cr10.7
BPL Limited₹46₹225 cr
Khaitan (India) Limited₹155₹74 cr7.6
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.05%
trailing 12 months
Dividend / share (TTM)
₹0.25
Last dividend
₹0.25
ex 19 Sep 2025
ActionDetailEx-date
Dividend₹0.25 / share19 Sep 2025
Dividend₹0.2 / share23 Sep 2024
Stock splitStock Split From Rs.10/- to Rs.1/-10 Jul 2024
Who owns it · 2026-06-30
No pledge
Promoter
43.4%
FII / Foreign
9.9%
DII / Domestic
23.9%
Retail / others
22.7%
Promoter stake down 10.3% over the last 12 quarters.
Smart-money activity
Insider trades
SoldRuchi Pramod Gupta · Immediate relative2.41 L · ₹18.2 cr27 Jun 25
SoldPG Electroplast Limited Employees Welfare Trust · Other94,154 · ₹7.1 cr27 Jun 25
SoldVishal Gupta · Promoters3.00 L28 Mar 25
Bulk / block deals
short · NSE38 Sep 26
short · NSE2018 Aug 26
short · NSE3514 Aug 26
Stake changes
BoughtICICI Prudential Mutual Fund→ 5.06% · 2.00 L22 May 26
BoughtMr. Vatsal Gupta · promoter→ 0.06% · 1.50 L28 Mar 25
BoughtMs. Vrinda Gupta · promoter→ 0.05% · 1.50 L28 Mar 25
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 29 Sep 2025
See the official result
1
To receive, consider and adopt the Audited Financial Statements (including Consolidated Financial Statements) of the Company for the financial year ended on March 31, 2025 along with the report of the Board of Directors and Statutory Auditors thereon.
Backed by 100% of shareholders other than promotersneeded 50%
6.90 cr votes for, 186 against · 0% of mutual funds and other big investors said no
2
To declare dividend on equity shares for the financial year ended March 31, 2025.
Backed by 100% of shareholders other than promotersneeded 50%
6.90 cr votes for, 184 against · 0% of mutual funds and other big investors said no
3
To re-appoint Mr. Vikas Gupta (DIN: 00182241) as a Director, who retires by rotation and, being eligible, offers himself for re-appointment.
Promoters had a personal stake in this
Backed by 99% of shareholders other than promotersneeded 50%
6.80 cr votes for, 9.58 L against · 1% of mutual funds and other big investors said no
4
To approve/ratify remuneration of the Cost Auditor for the financial year ending on March 31, 2026.
Backed by 100% of shareholders other than promotersneeded 50%
6.90 cr votes for, 200 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 13 named members
owning 43.4% between them · as of 2026-06-30
VISHAL GUPTA16.04%
VIKAS GUPTA15.91%
ANURAG GUPTA8.62%
NEELU GUPTA1.80%
NITASHA GUPTA0.56%
SARIKA GUPTA0.43%
ADITYA GUPTA0.01%
PRANAV GUPTA0.01%

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

Money it raised, and what it did with it

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

₹1,478 cr raised in Dec 2024 by selling shares to large investors

As of Jun 2026, the company says it has spent 9% of what it set aside, leaving ₹1,348 cr still to be spent. CRISIL Ratings Limited watches the spending on the exchange’s behalf.

Funding the working capital requirements of our Wholly Owned Subsidiary, PG Technoplast Private Limited
0%
₹0 cr of ₹644 cr
Funding the capital expenditure requirements for expansion of Wholly Owned Step-down Subsidiary, Next Generation Manufacturers Private Limited, its manufacturing and warehousing/ storage unit by constructing a new building at Plot no F-3, Supa Parner MIDC Industrial Area, Taluka Parner, Dist- Ahmednagar – 411301 (“Supa Unit”).
2%
₹3 cr of ₹114 cr
Funding the capital expenditure requirements for expansion of Wholly Owned Step-down Subsidiary, Next Generation Manufacturers Private Limited, its manufacturing and warehousing/ storage unit by constructing a new building at SP5-4 (EMC Zone), Electronic Zone, Karoli, Bhiwadi (“Karoli Unit”)
0%
₹0 cr of ₹79 cr
Funding the capital expenditure requirements of our Wholly Owned Step-down Subsidiary, Next Generation Manufacturers Private Limited, for purchase of new equipment and machinery
0%
₹0 cr of ₹86 cr
Repayment and/or pre-payment, in full or part, of certain borrowings (including interest thereon) availed by our Company, PG Electroplast Limited
0%
₹0 cr of ₹25 cr
Repayment and/or pre-payment, in full or part, of certain borrowings (including interest thereon) availed by our wholly-owned subsidiary, PG Technoplast Private Limited, through investment in such subsidiary
45%
₹80 cr of ₹177 cr
Spent by quarter: 4%15%14%5%9% (to Jun 2026) · 1 earlier quarter is left out because the company restated its figures

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.