PG Electroplast Ltd

PG Electroplast Ltd maintains a conservative capital structure with a debt-to-equity ratio of 0.42, indicating a balanced approach to financing. The company's liquidity position is characterized as medium, with a current ratio of 1.46, suggesting it can meet short-term obligations but may face constraints in highly volatile environments. However, the company's net cash position is negative after subtracting total debt, signaling potential liquidity risk.

Profitability metrics show a return on equity (ROE) of 6.7% and a return on assets (ROA) of 3.01%, which are below the industry median for ROE and ROA in the Electronic Equipment & Parts sector. This suggests that the company is underperforming in terms of capital efficiency and asset utilization compared to its peers.

The company's revenue is concentrated in a few key segments, with disclosed exposure to telecommunications, automotive, and industrial equipment. While this concentration may offer growth opportunities in high-demand sectors, it also exposes the company to sector-specific downturns. No geographic concentration data is available, but the company's operations are primarily based in India.

Looking ahead, the company's growth trajectory is expected to remain stable, with no significant revenue acceleration or contraction projected in the next fiscal year. The capital expenditure of -2.27 billion INR indicates a net outflow, likely due to investments in production capacity or technology upgrades. This aligns with the company's strategy to maintain competitiveness in a capital-intensive industry.

Risk factors include medium liquidity risk and low dilution potential, with no immediate pressure from share issuance. The company's risk assessment highlights the negative net cash position as a key flag, which could impact its ability to fund operations or respond to market opportunities without external financing.

Recent events include analyst estimates indicating a mean price target of 705.56 INR and a median price target of 708.00 INR, with a mean recommendation of 1.78 (leaning toward buy). The company has received 4 strong-buy and 3 buy ratings, suggesting positive sentiment among analysts.

Revenue surged 77.3% year-over-year to INR 48.7 billion in FY2025, demonstrating robust top-line growth momentum.

Net income accelerated 113.3% to INR 2.88 billion in FY2025, significantly outpacing revenue growth rates.

Analysts project 53.7% upside to a mean price target of INR 705.56, reflecting strong market confidence.

Debt-to-equity ratio of 0.42 is higher than the cohort median of 0.26, indicating elevated leverage risk.

The company faces medium liquidity risk and medium credit risk according to internal risk flag assessments.

Return on assets of 3.01% remains modest despite significant revenue growth, suggesting asset utilization challenges.

Revenue INR 14.12B, +45,9% YoY; Operating income +38,0% YoY.

• ▍Revenue INR 14.12B, +45,9% YoY
• ▍Operating income +38,0% YoY
• ▍Net income +56,7% YoY
• ▍Net margin 4.4%

Revenue INR 6.55B, −2,4% YoY; Operating income −79,4% YoY.

• ▍Revenue INR 6.55B, −2,4% YoY
• ▍Operating income −79,4% YoY
• ▍Net income −85,7% YoY
• ▍Net margin 0.4%

Revenue INR 15.04B, +13,9% YoY; Operating income −13,1% YoY.

• ▍Revenue INR 15.04B, +13,9% YoY
• ▍Operating income −13,1% YoY
• ▍Net income −20,0% YoY
• ▍Net margin 4.5%

Revenue INR 19.10B, +77,4% YoY; Operating income +87,7% YoY.

• ▍Revenue INR 19.10B, +77,4% YoY
• ▍Operating income +87,7% YoY
• ▍Net income +108,8% YoY
• ▍Net margin 7.6%

Revenue INR 9.68B; Operating income INR 687.8M.

• ▍Revenue INR 9.68B
• ▍Operating income INR 687.8M
• ▍Net margin 4.1%

Revenue INR 6.71B; Operating income INR 409.5M.

• ▍Revenue INR 6.71B
• ▍Operating income INR 409.5M
• ▍Net margin 2.9%

Revenue INR 13.21B; Operating income INR 1.16B.

• ▍Revenue INR 13.21B
• ▍Operating income INR 1.16B
• ▍Net margin 6.3%

Revenue INR 10.77B; Operating income INR 1.03B.

• ▍Revenue INR 10.77B
• ▍Operating income INR 1.03B
• ▍Net margin 6.5%

Revenue INR 48.70B, +77,3% YoY; Operating income +93,3% YoY.

• ▍Revenue INR 48.70B, +77,3% YoY
• ▍Operating income +93,3% YoY
• ▍Net income +113,3% YoY
• ▍Free cash flow −217,0% YoY
• ▍Net margin 5.9%

Revenue INR 27.46B, +27,2% YoY; Operating income +44,4% YoY.

• ▍Revenue INR 27.46B, +27,2% YoY
• ▍Operating income +44,4% YoY
• ▍Net income +74,1% YoY
• ▍Free cash flow −2,5% YoY
• ▍Net margin 4.9%

Revenue INR 21.60B, +96,8% YoY; Operating income +175,0% YoY.

• ▍Revenue INR 21.60B, +96,8% YoY
• ▍Operating income +175,0% YoY
• ▍Net income +107,0% YoY
• ▍Free cash flow +56,8% YoY
• ▍Net margin 3.6%

Revenue INR 10.98B, +56,1% YoY; Operating income +68,3% YoY.

• ▍Revenue INR 10.98B, +56,1% YoY
• ▍Operating income +68,3% YoY
• ▍Net income +222,2% YoY
• ▍Free cash flow −574,4% YoY
• ▍Net margin 3.4%