Latest news with #PGEL
New Indian Express
2 days ago
- Business
- New Indian Express
Sensex ends 676 points higher after intraday surge of over 1,100 points on Monday
Global cues were supportive as easing concerns over oil supply disruptions followed fresh diplomatic talks between U.S. President Donald Trump and Russian President Vladimir Putin. This helped reduce worries about higher energy costs and added momentum to the rally. The surge was broad-based, with autos, consumer goods, and financials leading the way. Maruti Suzuki and Hero MotoCorp jumped more than 7 percent each on expectations of tax relief in the automobile sector. Small- and mid-cap shares also participated in the rally, with the Nifty Smallcap index posting strong gains led by companies such as PGEL, KEC International, Amber Enterprises, Bata India and Sagility. Analysts welcomed the reforms as a game-changing development. They described the GST overhaul as a 'big-ticket reform' and raised its Nifty target to 28,000 by September 2026, citing strong opportunities in autos and cement. At the same time, they cautioned that near-term risks remain from weak corporate earnings, US tariff pressures, and sustained foreign investor selling. Domestic institutional flows, however, continue to provide a cushion against volatility. While IT stocks faced selling pressure, banks and financials showed resilience. Experts believe that the combination of easing geopolitical tensions and the S&P upgrade could help stabilise foreign flows in the weeks ahead. Overall, Monday's rally reflected a renewed sense of optimism, with investors betting that structural reforms and improving macro signals will support Indian markets over the medium term.
Business Standard
11-08-2025
- Business
- Business Standard
PG Electroplast slumps after Q1 PAT drops 20% YoY to Rs 67 cr
PG Electroplast tumbled 14.70% to Rs 502.45 after the company's consolidated net profit fell 19.97% to Rs 66.98 crore in Q1 FY26 as against Rs 83.70 crore posted in Q1 FY25. Despite the fall in profit, revenue from operations rose 13.86% year-on-year (YoY) to Rs 1,503.85 crore for the quarter ended 30 June 2025. Profit before tax (PBT) declined 16.26% to Rs 84.68 crore in Q1 FY26, down from Rs 101.13 crore recorded in the corresponding period last year. However, the companys EBITDA stood at Rs 139.42 crore in Q1 FY26, compared to Rs 134.54 crore in Q1 FY25, reflecting a growth of 3.62%. The company stated that Q1 FY26 was a challenging quarter for its summer product portfolio due to early monsoons, which moderated growth. Still, consolidated revenues surpassed Rs 1,500 crore, with the product business contributing Rs 1,159 crore, accounting for 77.1% of total revenue. The product segment grew 16.7% YoY, driven by 15.1% growth in Room ACs and a robust 36.1% growth in Washing Machines. Cooler sales, however, declined slightly by 3.9% YoY. PGELs 100% subsidiary, PG Technoplast, reported revenues of Rs 1,211 crore. The electronics business contributed 4.3% of overall revenue. Notably, the TV business was transitioned into a 50% joint venture in Q1 FY25. Goodworth Electronics, the JV, posted strong performance with Q1 FY26 revenues of Rs 147.53 crore versus Rs 75.47 crore a year earlier. EBITDA for the JV stood at Rs 4.27 crore, compared to Rs 0.69 crore in Q1 FY25. Looking ahead, PGEL plans to continue investing in capacity expansion for Room ACs and Washing Machines to support future growth. On the outlook front, the management sees increased opportunities from both existing and new clients. With enhanced manufacturing capacities and technological advancements, PGEL believes it is well-positioned within Indias consumer durables and plastics manufacturing ecosystem. In the coming years, the company aims to achieve industry-leading revenue growth, gradually expand margins through operational efficiencies and leverage, and maintain best-in-class capital efficiency by improving cash flows and optimizing the balance sheet. On the guidance front, PGEL has projected consolidated revenues between Rs 5,700 crore and Rs 5,800 crore, implying a growth of 17% to 19% over FY25. Net profit is expected to be in the range of Rs 300 crore to Rs 310 crore, reflecting 3% to 7% growth over FY25's net profit of Rs 291 crore. Goodworth Electronics is projected to achieve Rs 850 crore in revenue, taking total group revenues to Rs 6,550 crore to Rs 6,650 crore. The product business, comprising Washing Machines, Room ACs, and Coolers, is expected to grow 17% to 21%, reaching Rs 4,140 crore to Rs 4,280 crore, up from Rs 3,526 crore in FY25. The company has planned a capital expenditure of Rs 700 crore to Rs 750 crore in FY26 to support its growth ambitions. Key investments include a new facility for plastic components and coolers in Rajasthan, a campus in Greater Noida dedicated to washing machines, a refrigerator manufacturing campus in South India and a new facility in West India with expanded AC manufacturing capacity in Supa. Vishal Gupta, managing director finance, PG Electroplast, said, The early arrival of the monsoon impacted seasonal sales for Room ACs, making Q1 a more subdued start to the year. However, underlying demand indicators remain robust, and we see significant long-term potential given the relatively low penetration levels in core categories like Room ACs and Washing Machines. We remain focused on product innovation, capital efficient expansion, and deepening client partnerships. Our investments in new platform development and capacity enhancements across core product lines are progressing as planned. Capital efficiency remains a core operating principle and all capex decisions are guided by sustainable profitability metrics and long-term value creation. While near-term growth may moderate, our medium and long-term outlook remains strong. We are committed to building a resilient, high performing organization that delivers industry leading capital efficiency and growth. PG Electroplast is a trusted one-stop solution provider for electronic manufacturing services (EMS) and contract manufacturing to most leading consumer durable and electronics brands in India. The company has one of the biggest capacities in Plastic Injection moulding and has capabilities across the value chain in original equipment manufacturing (OEM) and original design manufacturing (ODM) products like washing machines, room ACs, air-coolers and LED TVs.
News18
11-08-2025
- Business
- News18
PGEL Share Cracks 16% Intraday, Down 38% In One Week; Why Is Stock Falling?
Last Updated: PGEL shares dropped 16% intraday, falling below Rs 500. The stock is down 38% in a week due to weak Q1FY26 results. Management remains optimistic about FY26 guidance. PGEL shares fall 38% in past five sessions. PGEL Share Price: PG Electroplast Ltd shares crashed 16 per cent intraday on Monday to come down below Rs 500-mark, continuing the downward rally of the past five sessions. Shares are now down 38 per cent in a week, falling from near Rs 800-mark. The sharp pressure on stocks came following weak Q1FY26 results due to poor summer season, with net profit falling to Rs 66.71 crore, versus Rs 84.93 crore in Q1FY25. crores. The Product business contributed 77.1% of overall revenues, growing 16.7% YoY. Within this, Room ACs grew 15.1% YoY, Washing Machines grew 36.1% YoY, and Coolers declined marginally by 3.9% YoY. Despite the weak quarterly earnings, the management is upbeat about meeting its revised guidance for the financial year ending March 31, 2026, according to MD Vikas Gupta in an interview with CNBC-TV18. Gupta said one poor summer season couldn't alter the company's long-term prospects. Inventory levels to normalize by October-November ahead of the peak production months kicking off in November, he said. The stock's 52-week movement indicates a high of Rs 1054.95 and a low of Rs 415, respectively. 'The early arrival of the monsoon impacted seasonal sales for Room ACs, making Q1 a more subdued start to the year. However, underlying demand indicators remain robust, and we see significant long-term potential given the relatively low penetration levels in core categories like Room ACs and Washing Machines," said the firm, following its earnings. In the quarterly earnings, PGEL management is looking increased opportunities from both existing and new clients. 'With enhanced capacities and technological capabilities, PGEL is well-positioned in India's consumer durables and plastics ecosystem," PGEL said in the filing. The company aims to achieve industry-leading revenue growth, drive gradual margin expansion through operational efficiencies and operational leverage and maintain best-in-class capital efficiency through improved cash flows and balance sheet optimization. Stocks are also hit sharply when domestic brokerage Nuvama Institutional Equities slashed its target price on the stock by 35 per cent. While the brokerage maintained its 'buy' call, it slashed its 12-month target price on the firm to Rs 710, down from Rs 1,100 per share. Given the firm's significant room air conditioner inventories, the firm will have very weak September and December quarters, according to the brokerage. Disclaimer: The views and investment tips by experts in this report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions. view comments Location : New Delhi, India, India First Published: August 11, 2025, 12:42 IST News business » markets PGEL Share Cracks 16% Intraday, Down 38% In One Week; Why Is Stock Falling? Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Mint
11-08-2025
- Business
- Mint
PG Electroplast share price crashes 15%, down 37% in four sessions. What's behind the selloff?
PG Electroplast share price crashed 15% in early trade on Monday, extending its slide for the fourth consecutive trading session. PG Electroplast shares fell as much as 15% to hit a lower circuit of ₹ 500.70 apiece on the BSE. Over the past four sessions, PG Electroplast share price has slumped 37%, and the stock is now down 50% from its 52-week high of ₹ 1,054.95 apiece, hit on January 06, 2025. PG Electroplast share price was locked in at 15% lower circuit on Monday, extending its slide for the fourth consecutive trading session. PG Electroplast shares fell 10% to ₹ 530.15 apiece on the BSE. Over the past four sessions, PG Electroplast share price has slumped 33%, and the stock is now down nearly 50% from its 52-week high of ₹ 1,054.95 apiece, hit on January 06, 2025. The steep fall in PGEL shares came after the electronic manufacturing services (EMS) company slashed its FY26 growth guidance. PG Electroplast (PGEL) is an Indian electronic manufacturing services (EMS) provider, specialising in Original Design Manufacturing (ODM) and Original Equipment Manufacturing (OEM) for consumer durable brands. PG Electroplast reported a net profit of ₹ 67 crore in the first quarter of FY26, registering a fall o f 21% from ₹ 85 crore in the year-ago period. The company's revenue in Q1FY26 increased 14% YoY to ₹ 1,504 crore. The company expects its consolidated revenue in FY26 to grow 17%-19%, while net profit to grow 3%-7% YoY. Product business revenue is estimated to grow between 17% to 21% to between ₹ 4,140 crore and ₹ 4,280 crore, as compared with its earlier guidance of ₹ 4,770 crore. Electronics revenue is expected to rise 29% YoY to ₹ 450 crore in FY26. 'The early arrival of the monsoon impacted seasonal sales for Room ACs, making Q1 a more subdued start to the year. However, underlying demand indicators remain robust, and we see significant long-term potential given the relatively low penetration levels in core categories like Room ACs and Washing Machines,' said Vishal Gupta, Managing Director – Finance, PG Electroplast. 'While near-term growth may moderate, our medium and long-term outlook remains strong. We are committed to building a resilient, high performing organization that delivers industry leading capital efficiency and growth,' he added. Brokerage firm Nuvama Institutional Equities has cut PG Electroplast's FY26E, FY27E and FY28E EPS (Earnings Per Share) estimates by 36%, 25% and 10%, respectively, as it lowers RAC growth and margin assumptions and also bake in higher interest costs for FY26E. Nuvama has a 'Buy' rating on PGEL shares, and slashed the target price to ₹ 710 apiece (45x June 2027E EPS) from ₹ 1,100 earlier, based on 55x Jun-27E EPS. PG Electroplast share price has fallen 36% in one month, and has dropped 40% in six months. The stock has declined 32% on a year-to-date (YTD) basis, while it has risen 13% in one year. However, PG Electroplast shares have delivered multibagger returns of 200% in two years and a staggering 10,265% in five years. At 9:40 AM, PG Electroplast share price was still locked at 15% lower circuit of ₹ 500.70 apiece on the BSE. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Mint
17-07-2025
- Business
- Mint
Recommended stocks to buy today, 17 July, by India's leading market experts
On Wednesday, the Indian stock market closed on as lightly positive note. Benchmark indices managed to inch into the green after a day marked by choppy movements and selective sectoral strength. The Nifty 50 ended the day at25,212.05, rising slightly by16.25 points or 0.06%, while the BSE Sensex added 63.57 points or 0.08% to settle at 82,634.48. On to the top stock picks for16 July, as recommended by some of India's leading market experts. Top 3 Stocks Recommended by Ankush Bajaj for 17 July: Buy: PG Electroplast Ltd (PGEL) — Current Price: ₹828.00 Buy: Uno Minda Ltd — Current Price: ₹1,119.50 Two stock recommendations by MarketSmith India for 17 July: Why it's recommended: Capacity expansion and strategic acquisition, focus on premium products, cost efficiency and fuel optimization, and strong distribution network Key metrics: P/E: 597.39.40, 52-week high: ₹385.65, volume: ₹42.90 crore Technical analysis: Cup-with-handle pattern breakout on above average volume Risk factors: Raw material and fuel price volatility, execution risk in integration, dependence on government spending Buy at: ₹376.45 Target price: ₹435 in two to three months Stop loss: ₹350 Why it's recommended: Strong Parentage and Brand Trust, focus on affordable housing, wide network and agent base Key metrics: P/E: 6.26, 52-week high: ₹ 821, volume: ₹312.78 crore Technical analysis: Downward sloping trendline breakout Risk factors: Pressure on Margins, Relatively Slower Growth vs. Peers Buy at: ₹637 Target price: ₹720 in two to three months Stop loss: ₹595 Three stocks to trade today, recommended by NeoTrader's Raja Venkatraman Buy above ₹522 and dips to ₹485, stop ₹475, target ₹574-595 Buy above ₹1,651 and dips to ₹1,620, stop ₹1,599 target ₹1,775-1,800 EMUDHRA: Buy above ₹822 and dips to ₹795, stop ₹785, target ₹865-885 Stop loss: ₹785 Stocks to trade today, recommended by Trade Brains Portal for 17 July: Indian Railway Finance Corp. Ltd Current price: ₹135 Target price: ₹175 in 16-24 months Stop loss: ₹110 Why it's recommended: The ministry of railways has administrative authority for IRFC, a navratna public sector enterprise that was founded in 1986. Its primary responsibility is to raise money from the financial markets in order to finance the development or purchase of assets, which are then leased to Indian Railways. A number of other organizations in the industry, such as Rail Vikas Nigam Ltd (RVNL), RailTel, Konkan Railway Corp. Ltd (KRCL), and Pipavav Railway Corp. Ltd (PRCL), have received financial support from IRFC in addition to the railways. The company's assets under management (AUM) were valued at ₹4.6 trillion as of 31 March 2025. IRFC's net interest income increased by 2.2% from ₹6,429 crore in 2023-24 to ₹6,569 crore in 2024-25. Additionally, its net interest margin improved somewhat, going from 1.38% to 1.42% over the prior year. IRFC approved ₹5,700 crore in loans for the fiscal year, including ₹700 crore for NTPC and ₹5,000 crore for NTPC Renewable Energy Ltd. Additionally, the company became the first bidder for ₹3,167 crore in funding for the construction of the Banhardih Coal Block in Jharkhand's Latehar district, and it signed a rupee term loan arrangement for ₹5,000 crore with NTPC REL. The department of public enterprises granted the firm navratna status in 2024-25, and it hopes to soon obtain maharatna status. Additionally, under Indian Railways' General Purpose Waggon Investment Scheme (GPWIS), the IRFC board authorized funding to NTPC for 20 BOBR rakes on a finance lease basis up to ₹700 crore. In January 2025, a leasing agreement was also struck with NTPC Ltd for eight BOBR rakes, which were valued at over ₹250 crore. Additionally, IRFC and REMCL have signed a memorandum of understanding to jointly investigate financing alternatives for Indian Railways' renewable energy projects, including possible financing in the nuclear, thermal, and renewable energy domains. Risk factor: The ministry of railways and its affiliates account for the entirety of IRFC's loan book. As of 31 March 2025, 37% consisted of advances for leased railway assets, 62% consisted of lease receivables from the ministry, and 1% consisted of loans to organizations such as NTPC and RVNL. The company is susceptible to changes in finance or policy because its expansion is directly linked to the ministry's investment plans for Indian Railways. Furthermore, IRFC is vulnerable to interest rate swings and shifts in investor sentiment due to its reliance on market borrowings. Sona Blw Precision Forgings Ltd Current price: ₹456 Target price: ₹550 in 16-24 months Stop loss: ₹405 Why it's recommended: One of the top mobility technology firms in the world, Sona BLW Precision Forgings Ltd (Sona Comstar) was founded in 1995. It designs, manufactures, and supplies systems and components for global mobility OEMs in both electrified and non-electrified powertrain segments. The company has three engineering competency centres, five R&D centres, and twelve manufacturing units. India, the US, China, Serbia, and Mexico are among the five nations where it is present. North America accounts for 41% of the company's revenue, followed by India (29%), Europe (24%), Asia (6%), and the rest of the world (0.3%). Globally, Sona BLW holds an 8% market share in differential gears and a 5% market share in starter motors. In 2024-25, the company reported revenue from operations of ₹3,546 crore, an increase of 11.3% from ₹3,185 crore in the previous year. Ebitda stood at ₹975 crore with a 27.5% Ebitda margin. Profit after tax increased by 16% to ₹600 crore from ₹518 crore in the previous year. Segment-wise revenue share from BEV rose from 29% to 36% in 2024-25. In 2024-25, the firm increased its global market share for starter motors from 4.2% to 4.4% and differential gears from 8.1% in CY2023 to 8.8% in CY2024. The company's net order book increased to ₹24,200 crore after securing orders totalling ₹4,700 crore. For an enterprise value of ₹1,600 crore, the business signed a Business Transfer Agreement (BTA) with Escorts Kubota Ltd (Escorts) in 2024-25 to acquire its railway business. The deal was finalized on 1 June 2025. To collaborate on connected, autonomous, and electric technologies for AGVs, drones, and eVTOLs, the company has inked a memorandum of understanding (MOU) with the NMICPS Technology Innovation Hub on Autonomous Navigation Foundation at IIT Hyderabad (TIHAN-IITH) at CES 2025 in Las Vegas, USA. Through the production-linked incentive (PLI) scheme for the automobile and auto component industry in India, the company has obtained certification for another product, namely the hub wheel motor for electric two-wheelers. Risk factor: Changes in commodity prices could have a significant effect on the company's manufacturing costs. Even while there are mechanisms in place to monitor and manage market risks, it is not always possible to fully predict, hedge, or lessen the impact of price volatility on the overall profitability of the business through cost pass-throughs or operational enhancements. Trade Brains Portal is a stock analysis platform. Its trade name is Dailyraven Technologies Pvt. Ltd, and its Sebi-registered research analyst registration number is INH000015729. Raja Venkatraman is the co-founder of NeoTrader. His Sebi-registered research analyst registration no. is INH000016223. MarketSmith India is a stock research platform and advisory service focused on the Indian stock market. Its trade name is William O'Neil India Pvt. Ltd, and its Sebi registration number is INH000015543. Investments in securities are subject to market risks. Read all the related documents carefully before investing. Registration granted by Sebi and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before making any investment decisions.
