During the trading session of Friday, the shares of a trusted one-stop solution provider for Electronic Manufacturing Services (EMS) and contract manufacturing to most leading consumer durable and electronics brands in India surged nearly 5 percent to hit an intraday high at Rs. 1,009 on BSE.
With a market capitalisation of Rs. 28,054 crores, the shares of PG Electroplast Limited closed in the green at Rs. 991, up by nearly 2.95 percent, as against its previous closing price of Rs. 963.05.
Stock Performance
The stock has delivered multibagger returns of around 17,533 percent over a five-year period, spanning from Rs. 5.62 in December 2019 to the current stock price level of Rs. 991.
This indicates that if an investor had invested Rs. 10,000 in the stock five years ago, it would have gained to nearly Rs. 17,63,300 lakhs.
In the previous six months, the stock has delivered multibagger returns of nearly 187 percent, as well as around percent returns in the last one year. So far in 2024, the shares of PG Electroplast have given about 310 percent of positive returns.
Financials:
PG Electroplast reported a significant growth in revenue from operations, experiencing a year-on-year increase of nearly 46 percent, rising from Rs. 460.42 crores in Q2 FY24 to Rs. 671.3 crores in Q2 FY25.
Similarly, during the same period, the company’s net profit increased from Rs. 12.4 crores to Rs. 19.5 crores, representing a growth of about 57.2 percent YoY.
Further, EBITDA for Q2 FY25 increased by about 48.2 percent YoY to Rs. 60.54 crores, up from Rs. 40.8 crores in Q2 FY24, while the EBITDA margins grew to 9 percent, from 8.9 percent, over the same period.
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About the company:
PG Electroplast Limited (PGEL), a flagship entity of PG Group, is an Electronic Manufacturing Services (EMS) provider for Original Equipment Manufacturers (OEMs) of consumer electronic products in India.
PGEL manufactures and/or assembles a comprehensive range of consumer electronic components and finished products such as kitchen appliances, air conditioners (ACs) sub-assemblies, air coolers, washing machines, mobile handsets, and LEDs for third parties.
The company is a leading electronic manufacturing service provider in India and specialises in original design manufacturing (ODM), OEM and plastic injection moulding.
Written by Shivani Singh
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