The share price of this leading electronic manufacturing services company rose by 16 percent to an all-time 52-week high of 464.85 after the net profits of the company surged by 20 percent.
Share price movement: With the market capitalization of the firm standing at Rs 11,750.55 crores the shares of PG Electroplast Limited closed at Rs 450 apiece on Thursday. The stocks of this company provided both multi-bagger returns of 209 percent over the last one year and 120 percent over the past 6 months.
Results: Reviewing the Consolidated financials of PG Electroplast Limited on a QoQ basis, the revenues rose by 22.6 percent from Rs 1,077 crores in Q4FY24 to Rs 1,321 crores in Q1FY25. Also, the net profits of PG Limited surged by 20 percent from Rs 72 crores to Rs 84 crores during the same period.
Also, the revenues climbed by 95 percent from Rs 678 crores in Q1FY24 to Rs 1,321 crores in Q1FY25. Along with that, the net profits of PG Electroplast Limited also witnessed a rise of 147 percent from Rs 34 crores to 84 crores in the same period.
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Ratios And EPS: In terms of return ratios for the year 2024, PG Limited has reported a return on equity (ROE) of 12.99 percent and a return on capital employed (ROCE) of 16.97 percent. The EPS of the firm stood at Rs 5.17 in the trailing twelve months.
Key clients: PG Electroplast Limited caters to prominent clients such as Acer, Croma, Havells, LG, Voltas, Godrej, Reliance Digital, etc.
Capex guidance: For FY2024, the capital expenditure (Capex) will be between Rs 350-380 Crores. The expenditure plans include a new integrated unit for manufacturing RAC in Rajasthan, a new building in Greater Noida, and another new building with additional AC capacity expansion in Supa.
Revenue Guidance: PG Electroplast Limited expects its consolidated revenue to reach Rs 3,650 crores representing a 32.9 percent increase from a revenue of Rs 2,746 crores in FY24.This growth is projected even though the TV business revenue will now be counted under a joint venture company, Goodworth Electronics Ltd., which is expected to generate ₹600 Crores in revenue.
Product business guidance: The product business, including WM, RAC, and Coolers, is projected to grow by approximately 58.8 percent, increasing from Rs 1,668 Crores in FY2024 to over Rs 2,650 Crores in FY25.
Group revenues guidance: PG Electroplast Limited expects its entire total group revenues to reach Rs 4,250 crores in FY25 from a revenue of Rs 2,746 crores in FY2 highlighting a 54.7 percent increase.
Shareholding Pattern: From the latest shareholding pattern as on July 2024, promoters of PG Electroplast Limited held 53.56 percent of the shares while the foreign institutional investors held 10.78 percent stakes. Additionally, The Domestic institutional investors held 10.24 percent while the remaining 25.16 percent of the company is held by the public.
About the Company: Headquartered in Gautam Budh Nagar, PG Electroplast Limited is an electronic manufacturing services (EMS) provider for original equipment manufacturers (OEMs) of consumer electronic products in India. The Company is engaged in the manufacturing of consumer durables which comprises of molding division; electronics division; complete products; paint shop; thermoset, and tooling division.
Written By Zahal
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