Investor Presentation
PGEL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
PG Electroplast reported FY2026 revenue of ₹5,288 crores, up 8.6% YoY, but EBITDA fell 14.9% to ₹441.8 crores with margin compressing to 8.4% from 10.7% in FY2025. PAT declined 33.5% to ₹193.6 crores. Q4 FY2026 was particularly weak with revenue down 10.1% QoQ and EBITDA margin dropping to 7.7%. The company attributed margin pressure to cost inflation, higher commodity prices, and negative operating leverage during an exceptionally challenging year for the Room AC business. Despite challenges, the Product business crossed ₹4,000 crores (76.2% of revenues) with Washing Machines growing 51.5% YoY. Cash position declined significantly to ₹389 crores as Capex reached ₹785 crores during the year.
The stock may face near-term pressure as FY2026 results show significant margin compression and profit decline despite revenue growth. However, the company maintains a robust order book and expects strong product business growth in FY2027, providing some stability for long-term investors.