NSE: PLAZACABLE · BSE: 544003
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. AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. Wires and cables. Materials-intensive, thin-margin wire and cable manufacturer; MSME-classified with low leverage (debt-to-equity 0.25)
Exhibit 1: Financial summary, FY24–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | 199 | 218 | 318 |
| EBITDA (ex other income) | 10 | 8 | 16 |
| margin % | 5.0 | 3.6 | 4.9 |
| Owners' profit | 4 | 3 | 7 |
| EPS, as reported (₹) | 0.84 | 0.66 | 1.67 |
| ROE % · ROCE % | 3.1 · 7.7 | 2.4 · 5.4 | 5.6 · 9.8 |
| Debt / equity (x) | 0.35 | 0.21 | 0.25 |
| Cash from operations | (27) | 11 | 4 |
| Capex | (4) | (23) | (8) |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 48 | 50 | 73 | 65 | 75 | 66 | 112 | 90 |
| Profit before tax | 0 | 0 | 2 | 2 | 1 | 2 | 5 | 6 |
| Net profit | 0 | 0 | 2 | 1 | 1 | 2 | 4 | 4 |
| EPS (₹) | 0.04 | 0.05 | 0.42 | 0.25 | 0.11 | 0.42 | 0.89 | 1.03 |
Exhibit 3: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 19 Oct 2026 · Plaza Wires quarterly share capital audit report filed for Sep 2026 | compliance | minimal | — | — |
| 6 Oct 2026 · Routine quarterly dematerialization certificate filing with BSE and NSE | compliance | minimal | — | — |
| 1 Oct 2026 · AGM voting results: All 9 resolutions passed with over 97 percent approval | board shareholder meetings | low | — | — |
| 29 Sept 2026 · Plaza Wires 20th AGM held on September 29, 2026 via video conferencing | board shareholder meetings | low | — | — |
| 28 Sept 2026 · Trading Window Closed from Oct 1 Until Q2 Results Declared | compliance | minimal | — | — |
| 9 Sept 2026 · Plaza Wires informs exchanges about 20th AGM newspaper notice and e-voting | compliance | minimal | — | — |
| 7 Sept 2026 · Plaza Wires 20th AGM on September 29, 2026; Book Closure September 24-29 | board shareholder meetings | low | — | — |
| 7 Sept 2026 · 20th AGM on September 29, 2026; director re-appointments and book closure notice | board shareholder meetings | low | — | — |
| 2 Sept 2026 · Plaza Wires - Newspaper Notice of 20th AGM on September 29, 2026 | compliance | minimal | — | — |
| 17 Aug 2026 · Newspaper publication of Q1 FY27 unaudited results | compliance | minimal | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.