NSE: PRECWIRE · BSE: 523539
PRECISION WIRES INDIA LTD
Manufactures enamelled copper winding wires as its principal product. FY26 revenue stood at Rs 5,410 crore, with 14.83% of turnover exported to 22 countries. Raw materials — predominantly copper — absorb 93% of revenue, leaving an EBITDA margin of 5.71%. Operations are based at Silvassa, where plants suffered partial disruption from heavy rainfall (around 740 mm in 24 hours ending 23 July 2026, following 333 mm the previous day); the site is covered under an Industrial All Risk policy. A new Zaroli unit in Gujarat received its factory license in July 2026, enabling project activities to begin. The company holds IATF 16949 certification alongside ISO 9001, 14001 and 45001, and employs 573 permanent staff and 503 workers. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Enamelled copper winding wires. Copper-input-heavy, thin-margin enamelled wire manufacturer with export exposure
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 2,683 | 3,034 | 3,302 | 4,015 | 5,410 |
| EBITDA (ex other income) | 117 | 106 | 134 | 166 | 256 |
| margin % | 4.4 | 3.5 | 4.1 | 4.1 | 4.7 |
| Owners' profit | 63 | 59 | 73 | 90 | 155 |
| EPS, as reported (₹) | 5.45 | 3.33 | 4.08 | 5.04 | 8.58 |
| ROE % · ROCE % | 17.3 · 29.3 | 13.2 · 24.3 | 14.4 · 25.5 | 15.6 · 26.6 | 20.1 · 29.5 |
| Debt / equity (x) | 0.06 | 0.04 | 0.19 | 0.11 | 0.21 |
| Cash from operations | 43 | 77 | 60 | 168 | 273 |
| Capex | (11) | (35) | (49) | (103) | (294) |
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 | 1,038 | 979 | 1,046 | 1,104 | 1,226 | 1,337 | 1,743 | 1,770 |
| Profit before tax | 26 | 25 | 40 | 36 | 48 | 52 | 72 | 62 |
| Net profit | 19 | 19 | 30 | 27 | 36 | 38 | 55 | — |
| EPS (₹) | 1.08 | 1.06 | 1.66 | 1.52 | 1.98 | 2.06 | 3.03 | 2.54 |
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. % |
|---|---|---|---|---|---|---|---|---|
| PRECISION WIRES INDIA LTD ◆ | 7,353 | 41.9 | 9.52 | — | 20.1 | 21.9 | — | — |
| KSH INTERNATIONAL LIMITED | 6,302 | 45.3 | 7.80 | — | 13.6 | 17.3 | — | 7.1 |
| VIDYA WIRES LIMITED | 1,812 | 27.4 | 3.78 | 19.3 | 12.0 | 15.6 | — | 4.6 |
| EURO PANEL PRODUCTS LTD | 341 | 13.3 | 2.13 | 8.7 | 16.6 | 19.2 | — | 10.9 |
| BEDMUTHA INDUST LTD | 339 | 20.2 | 2.23 | 7.1 | 4.3 | 1.6 | 30.4 | 3.9 |
| CUBEXTUBINGS-ROLLSETT | 290 | 38.5 | 3.48 | — | 8.9 | 10.8 | — | 4.9 |
| CENTURY EXTRUSIONS LTD | 144 | 11.6 | 1.74 | — | 13.2 | 16.9 | — | 7.8 |
| M TEK COPPER LIMITED | 136 | 21.2 | 2.71 | — | 10.6 | 14.0 | — | 3.8 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 41.9 | 24.3 | 8 of 10 | 22% |
| P/B | 9.5 | 2.5 | 10 of 10 | 0% |
| ROCE | 21.9 | 14.8 | 1 of 10 | 100% |
| ROE | 20.1 | 11.3 | 1 of 10 | 100% |
| Debt / Equity | 0.2 | 0.5 | 2 of 10 | 89% |
| Revenue growth | 60.4 | 60.4 | 4 of 7 | 50% |
| Market cap | 7353 | 314 | 1 of 10 | 100% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 12 Oct 2026 · Precision Wires buys 2-acre land in Gujarat for around Rs 3.6 cr | capex operations | medium | — | — |
| 8 Oct 2026 · Routine compliance certificate for share dematerialisation, Q2 FY27 | compliance | minimal | — | — |
| 30 Sept 2026 · CIN changed after alteration of MOA object clause | corporate actions | medium | — | — |
| 25 Sept 2026 · Allotted 37.5 lakh CCDs worth Rs 150 Cr to non-promoter investors | board shareholder meetings | medium | — | — |
| 24 Sept 2026 · Trading Window closed from Sep 30 ahead of Q2 results | compliance | minimal | — | — |
| 21 Sept 2026 · Gujarat plant gets regulatory clearance to begin operations | capex operations | medium | — | — |
| 17 Sept 2026 · Trial production starts at Zaroli copper refining plant | capex operations | high | — | — |
| 12 Sept 2026 · In-principle approval received for preferential CCD issue of about Rs 150 crore | fund raising | medium | — | — |
| 10 Sept 2026 · Additional disclosure on proposed land acquisition up to Rs 10 crore | capex operations | medium | — | — |
| 5 Sept 2026 · EGM approves Rs 150 crore CCD preferential issue to non-promoters | board shareholder meetings | low | — | — |
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.