Buy, Sell Or Hold: PG Electroplast Rallies 19,845% In 5 Years, Drops 21% YTD — What Should Investors Do Now?

The multibagger stock has surged nearly 200% in one year but is down over 20% year-to-date — brokerages are now split on the next move.

Nomura and Nirmal Bang have adopted a more cautious stance for PG Electroplast, citing valuation concerns. (Buy, sell. Photo: NDTV Profit)

PG Electroplast Ltd., a standout name in India’s consumer electronics OEM space, has delivered a staggering 19,845% return over five years. Despite 20.83% year-to-date dip analysts remain optimistic about its long-term prospects. The stock soared 200% over the past year and is closely watched.

In the fourth quarter of fiscal 2025, PG Electroplast’s consolidated net profit more than doubled to Rs 146.38 crore, underpinned by strategic product and capacity expansions. Revenue from operations surged 77.4% year-on-year to Rs 1,909.85 crore, driven by a robust performance in the products business, which now accounts for over 72% of overall revenue.

Even as the broader electronics manufacturing services industry faces raw material sourcing disruptions — particularly from China — PG Electroplast appears better placed. Managing Director Vishal Gupta confirmed that compressor sourcing, a key concern for peers like Voltas and Godrej Appliances, had been proactively addressed.

Analyst Sentiment: Bullish With Caution

Of 11 analysts tracking PG Electroplast, seven recommend a 'Buy', three are on 'Hold', and only InCred maintains a 'Sell', albeit with an increased price target citing upside risks from erratic weather and AC demand.

Anand Rathi Research remains bullish, forecasting a revenue of 36.3%, Ebitda of 42.2%, profit CAGR of 49.8% over financial year 2025–27. It expects RoCE to rise to 20.1% from 13.2% and maintains a ‘Buy’ with a price target of Rs 1,250.

Also Read: Buy, Hold Or Sell? Check Aditya Arora's Recommendations Today

Similarly, Nuvama is confident in PG Electroplast’s continued market share gains, particularly in room air conditioners, washing machines, and air coolers. PG Electroplast’s RAC revenue jumped 128.5% year-on-year in fiscal 2025 versus industry growth of just 25–30%, indicating significant wallet share gains from over 35 brands. Nuvama has revised its target price to Rs 1,110.

However, Nomura and Nirmal Bang have adopted a more cautious stance, citing valuation concerns. They highlight stretched near-term upside potential following the stock’s recent rally, and moderate expected ROEs (\~16%) due to elevated capex and working capital needs. PG Electroplast has guided for financial year 2026 revenues of Rs 7,200 crore and net profit of Rs 400 crore.

PG Electroplast Share Price Today

The shares of PG Electroplast on Thursday snapped its two-day declining streak to rise as much as 2.43%. It pared gains to trade 1.99% higher at Rs 774.65 apiece, as of 11:57 a.m. This compares to a 0.44% advance in the NSE Nifty 50 Index.

It has risen 200.06% in the last 12 months and 21% year-to-date. Total traded volume so far in the day stood at 2.33 times its 30-day average. The relative strength index was at 53.33.

The analysts consensus 12-month price target tracked by Bloomberg was Ts 1,036.33, implying a potential upside of 33.8% from the last regular trading price.

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

Watch LIVE TV, Get Stock Market Updates, Top Business, IPO and Latest News on NDTV Profit.
WRITTEN BY
Pratiksha Thayil
Pratiksha covers markets and business news at NDTV Profit. She has a keen i... more
GET REGULAR UPDATES