BSE: 517258
PRECISION ELECTRONICS LTD.
Manufactures electronic equipment and systems, with named business segments of Telecom and Infra services, and is winning orders in the Aerospace & Defence space. In FY26 the company reported revenue of Rs. 79.0165 crore and a net profit of Rs. 0.609 crore, with EBITDA margin of 9.28%. On the customer side, it supplies surveillance systems and related accessories, as evidenced by an order of approximately Rs. 37 crore from the Ministry of Home Affairs for the supply of Surveillance Systems, disclosed in June 2026. It also serves Aerospace & Defence customers (names withheld for confidentiality), with an order book of approximately Rs. 36 crore as of February 1, 2026, of which Rs. 25 crore was slated for FY26 execution and Rs. 11 crore for FY27. Quarterly segment data shows Telecom as the main revenue-generating stream across FY25 and FY26, while Infra services contributes negligible or zero revenue in most quarters. The biggest cost is materials at 48% of revenue, followed by other operating expenses at 26.2% and employee costs at 14.6%. Manufacturing is currently based in Noida, with operations planned to shift partly to Ballabhgarh (Faridabad). AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Telecom, Infra services, Aerospace & Defence. Small-cap, order-driven electronics manufacturing with government and defence exposure
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 35 | 36 | 47 | 47 | 79 |
| EBITDA (ex other income) | (2) | 3 | 3 | 3 | 7 |
| margin % | (4.6) | 8.4 | 7.3 | 6.9 | 8.4 |
| Owners' profit | (2) | 0 | 1 | (1) | 1 |
| EPS, as reported (₹) | (1.22) | 0.10 | 1.05 | 0.42 | 0.44 |
| ROE % · ROCE % | (12.6) · 4.4 | 0.1 · 13.6 | 9.7 · 13.0 | (4.0) · 6.4 | 4.1 · 9.8 |
| Debt / equity (x) | 1.57 | 1.37 | 1.29 | 3.25 | 3.62 |
| Cash from operations | 6 | (5) | 8 | 1 | 4 |
| Capex | (0) | 0 | 0 | 0 | 0 |
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 | 10 | 11 | 18 | 22 | 16 | 18 | 23 | 13 |
| Profit before tax | (2) | 0 | 4 | (0) | (1) | 0 | 3 | (3) |
| Net profit | (1) | (0) | 3 | (0) | (1) | 0 | 2 | (2) |
| EPS (₹) | (0.85) | (0.09) | 1.82 | (0.20) | (1.01) | 0.19 | 1.47 | (1.70) |
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| ADITYA INFOTECH LIMITED | 50,928 | 82.6 | 13.88 | 89.9 | 8.9 | 11.6 | — | 17.4 |
| SYRMA SGS TECHNOLOGY LTD | 28,107 | 66.7 | 8.54 | 51.9 | 7.0 | 8.8 | — | 9.7 |
| HONEYWELL AUTOMATION IND | 26,567 | 47.2 | 5.70 | — | 6.1 | 8.0 | — | 12.7 |
| JYOTI CNC AUTOMATION LTD | 23,195 | 72.1 | 11.59 | 45.5 | 16.8 | 19.2 | — | 21.4 |
| KAYNES TECHNOLOGY IND LTD | 21,672 | 62.6 | 4.55 | 39.1 | 7.6 | 9.8 | — | 15.6 |
| LMW LIMITED | 18,156 | 88.5 | 5.97 | 105.0 | 4.2 | 5.2 | 13.2 | 9.0 |
| LLOYDS ENGG WORK LIMITED | 12,923 | 49.1 | 4.30 | 66.7 | 4.2 | 3.9 | — | 11.0 |
| TEGA INDUSTRIES LIMITED | 12,688 | 445.6 | 3.72 | 51.2 | 4.2 | 5.4 | — | 3.2 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/B | 15.9 | 3.1 | 106 of 111 | 5% |
| ROCE | 2.6 | 8.6 | 100 of 126 | 21% |
| ROE | 4.1 | 6.7 | 74 of 109 | 32% |
| Debt / Equity | 3.6 | 0.2 | 111 of 112 | 1% |
| EBITDA margin | (5.0) | 11.0 | 127 of 137 | 7% |
| Revenue growth | (40.4) | 21.1 | 104 of 113 | 8% |
| Profit growth | (734.4) | 21.0 | 107 of 108 | 1% |
| Market cap | 235 | 278 | 75 of 143 | 48% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 5 Nov 2026 · Board to approve Q2 and half-year results on November 12, 2026 | results | low | — | — |
| 23 Oct 2026 · Special window for older physical-share transfers | compliance | minimal | — | — |
| 7 Oct 2026 · Routine SEBI compliance certificate for Q2 FY27 share dematerialisation | compliance | minimal | — | — |
| 28 Sept 2026 · Trading window closed from Oct 1 for Q2 and H1 FY27 results | compliance | minimal | — | — |
| 17 Sept 2026 · 47th AGM: All 5 resolutions passed including Noida property sale | board shareholder meetings | low | — | — |
| 16 Sept 2026 · 47th AGM held on Sept 16, 2026; 5 resolutions transacted including Noida property sale | board shareholder meetings | low | — | — |
| 11 Sept 2026 · Precision Electronics gets Consent to Operate for Ballabhgarh facility | business updates | medium | — | — |
| 25 Aug 2026 · Newspaper notice on SEBI special window for physical share dematerialisation | compliance | minimal | — | — |
| 25 Aug 2026 · 47th AGM notice published; book closure Sept 10-16, 2026 | compliance | minimal | — | — |
| 24 Aug 2026 · AGM notice and annual report web links sent to shareholders without email IDs | 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.