PLAZA WIRES LIMITED

Manufactures and sells electrical wires and cables, as indicated by its listed name and NSE symbol "PLAZACABLE". FY26 revenue stood at ₹318.058 crore, up 45.78% year-on-year. The cost base is heavily dominated by raw materials (82.3% of revenue), which is consistent with copper- and aluminium-intensive wire and cable manufacturing; employees account for 4.6% and other operating expenses for 10.6%. Margins are thin — EBITDA margin of 5.04% and net profit margin of 2.30% — with depreciation and capex small as shares of revenue (0.9% and 2.6% respectively). In June 2026 the company drew a Working Capital Term Loan of about ₹4.82 crore from Punjab National Bank under the government ECLGS 5.0 scheme for MSMEs. It carries a CRISIL BBB-/Negative credit rating and faces a contested GST/excise demand of ₹11.51 crore (tax plus penalty) upheld at the Commissioner (Appeals) level, which management plans to challenge further.