Small-Cap stock specializing in Original Design Manufacturing (ODM), Original Equipment Manufacturing (OEM) and Plastic Injection Molding for consumer durables in focus upon unveiling its new integrated AC manufacturing facility in Rajasthan to meet the growing demand for energy-efficient and sustainable cooling solutions in India.
With a market capitalization of Rs. 5,176 Crores, the shares of PG Electroplast Limited were trading at Rs. 1,988.95, down 0.49 percent from its previous day’s close price of Rs. 1998.70.
PG Electroplast Limited’s subsidiary PG Technoplast Private Limited has unveiled its new integrated AC manufacturing facility in Rajasthan. The new facility is 200,000 sq.ft highly vertically integrated and has an installed annual capacity for 360k Split AC units and 250k Window AC units.
It has modern production capabilities, with the manufacturing of AC units, cover sheet metal components, powder coating plant, heat exchangers, and copper tubing systems. This unit will create additional employment for over 1,000 people.
This strategic investment in by building a new facility aims to meet the growing demand for energy-efficient and sustainable cooling solutions in India and expand the company’s footprint in the rapidly growing air conditioning market.
PG Technoplast, became the first beneficiary to receive incentives under the air conditioning (AC) components target segment of the government’s Production Linked Incentive (PLI) scheme, after being recognized for their incremental investment and sales performance during the fiscal years 2021-22 and 2022-23.
PG Technoplast has now firmly established itself as the second largest Original Design Manufacturer (ODM) for Room Air Conditioners in the nation having entered the category just 3 years ago in 2021.
PG Electroplast Limited is an electronic manufacturing services (EMS) provider and contract manufacturer catering to 70+ leading consumer durable, electronics, sanitaryware and automotive brands in India.. It specializes in Original Design Manufacturing (ODM), Original Equipment Manufacturing (OEM) and Plastic Injection Molding for consumer durables like Room Air Conditioners, Washing Machines, Air-Coolers and LED TVs and many more
Its revenue from operations grew by 15.90 percent from Rs. 459 Crores in Q3FY23 to Rs. 532 Crores in Q4FY24, accompanied by profits of Rs. 14 Crores to Rs. 19 Crores.
It has reported a return on equity (ROE) of 22 percent and a return on capital employed (ROCE) of 17.3 percent, it is making good returns on its equity and capital employed.
Written by: Bharath K.S
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