PG Electroplast Ltd
NSE:PGEL

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PG Electroplast Ltd Logo
PG Electroplast Ltd
NSE:PGEL
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Price: 535.8 INR 1.17%
Market Cap: 152.2B INR

PG Electroplast Ltd
Investor Relations

Nestled in the bustling industrial zones of India, PG Electroplast Ltd. has emerged as a significant player in the electronic manufacturing services (EMS) sector. With roots tracing back to its establishment in 2003, the company has carved out a niche by specializing in manufacturing plastic components and assemblies, leveraging its expertise in injection molding technology. It operates at the intersection of design innovation and meticulous craftsmanship, producing plastic parts for consumer electronics, automobiles, and appliances. Leveraging its in-depth understanding of engineering plastics, PG Electroplast has built robust capabilities that extend beyond mere manufacturing. It engages in comprehensive product development, from initial design to the final assembly, supporting its clientele with tailored solutions that adapt to rapidly changing market demands.

PG Electroplast not only creates a plethora of essential components but also adds value through its vast spectrum of services including painting, heat staking, and assembling. The company’s revenue model thrives on its strategic partnerships with leading OEMs (Original Equipment Manufacturers) across diverse industries. By offering end-to-end solutions, PG Electroplast capitalizes on economies of scale and scope, which enhances its cost-efficiency and ensures consistent quality delivery. Their relentless focus on process optimization and innovation positions them as a partner of choice for global brands seeking reliable and flexible manufacturing solutions. As consumer demand continues to surge, PG Electroplast remains at the forefront, continually adapting its processes to align with the evolving technological and environmental landscapes, thus driving its profitability and growth.

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Last Earnings Call
Fiscal Period
Q2 2026
Call Date
Nov 13, 2025
AI Summary
Q2 2026

Revenue Decline: Q2 consolidated revenue was INR 655 crores, down 2% year-on-year, mainly due to weakness in the air conditioner (AC) segment.

AC Business Impact: Room AC sales fell nearly 45% YoY, affected by early monsoon and a GST cut, but the company outperformed the industry which declined about 25%.

Washing Machine Growth: Washing machine sales jumped 55% YoY in Q2, contributing INR 188 crores to revenue.

Profitability Drop: Q2 net profit was INR 2.4 crores, down due to lower operating leverage and an INR 8.4 crore ForEx loss, compared to a gain last year.

Guidance Maintained: Management kept FY '26 revenue and net profit guidance unchanged, expecting INR 5,700–5,800 crores revenue and INR 300–310 crores net profit.

Strong Balance Sheet: Company remains net cash with INR 630 crores in cash/equivalents and 20.8% return on capital employed.

CapEx Commitment: FY '26 CapEx to be INR 700–750 crores, with further expansion planned, especially in South India.

Inventory and Outlook: High inventory persists, but management expects normalization and improved second-half performance, citing strong order book visibility.

Key Financials
Revenue
INR 655 crores
Product Revenue
INR 319 crores
AC Business Revenue
INR 131 crores
Washing Machine Revenue
INR 188 crores
PG Technoplast Revenue
INR 295 crores
EBITDA
INR 45 crores
Net Profit
INR 2.4 crores
ForEx Loss
INR 8.4 crores
Cash and Equivalents
INR 630 crores
Return on Capital Employed
20.8%
Fixed Asset Turnover
over 5x (trailing 12-month basis)
Goodworth Electronics (JV) Sales
INR 483 crores (H1 FY '26)
Goodworth Electronics (JV) EBITDA
INR 10.33 crores (H1 FY '26)
FY '26 CapEx
INR 700–750 crores
Plastic Molding Revenue
INR 211 crores (Q2), INR 485 crores (H1)
Other Earnings Calls

Management

Mr. Anurag Gupta
Chairman & Executive Director of Technical
No Bio Available
Mr. Pramod Chimmanlal Gupta
Chief Financial Officer
No Bio Available
Mr. Vikas Gupta
Managing Director of Operations & Whole Time Director
No Bio Available
Mr. Sanchay Dubey
Company Secretary & Compliance Officer
No Bio Available
Mr. Vishal Gupta MBA
Managing Director of Finance & Whole Time Director
No Bio Available
Mr. Vikas Koul
Factory Head - Unit-4 & Head of Business Development - West
No Bio Available
Mr. Ashwani Kumar Tyagi
Head of Business Development-North
No Bio Available
Mr. Vinod Siwach
Head of Manufacturing Operations
No Bio Available

Contacts

Address
UTTAR PRADESH
Greater Noida
P-4/2-4/6, Site-B,, UPSIDC Industrial Area,, Surajpur, Greater Noida,
Contacts
+911202569323
www.pgel.in