Consumer electronics manufacturer PG Electroplast Ltd. is expecting a growth of at least 30–35% in the next financial year, according to Managing Director Vishal Gupta.
As the summer season approaches, the demand for air conditioners typically spikes, but manufacturers have been grappling with delays in the procurement of critical raw materials. Companies, including Voltas, Blue Star and Godrej Appliances, are concerned about a potential shortage of components due to supply chain disruptions, particularly with key materials sourced from China.
Despite these industry-wide challenges, Gupta exuded confidence that PGEL was well-prepared, highlighting that the company had already made adequate arrangements for sourcing compressors, which had been a key area of concern for others.
Gupta emphasised that PGEL would achieve its guidance for the current fiscal and he expects substantial growth in the next fiscal. "We will achieve it comfortably," he told NDTV Profit.
Even with a strong growth base from the current fiscal, where the company has grown nearly 100%, feedback from clients indicates that PGEL is on track to achieve a 30–35% growth in fiscal 2026. The final guidance will be provided during the company's annual results in May, according to Gupta.
He also highlighted the government's focus on increasing local value addition and promoting backward integration within India. While the exact details of policies are still being finalised, Gupta said the government believed that these could create a more robust local component ecosystem, potentially impacting margins and asset turns for the company.
PGEL is also targeting a 40–50% growth in its TV manufacturing segment in the next fiscal. The company is set to enter the electric vehicle market, awaiting approval for a new EV bike project.
RECOMMENDED FOR YOU

RBI Likely To Promote Three Officials To Executive Director Rank

PG Electroplast Block Deal: Singapore Government, Motilal Oswal Buy Shares From Promoter


PG Electroplast Share Price Slips As Promoter Plans Rs 1,177-Crore Stake Sale

PG Electroplast Q4 Results: Profit Jumps Two Fold As Operational Efficiencies Rise
