Narrative Update on PG Electroplast: Analyst Price Target Revision
Analysts have increased their price target for PG Electroplast from ₹736.57 to ₹793.00. Modestly improved revenue growth expectations are cited as the key driver behind the upward adjustment.
What's in the News
- PG Electroplast signed a definitive manufacturing agreement with PAX India to produce Point-of-Sale (POS) devices, marking the company's entry into the payments and financial technology hardware sector. Production will begin by year-end and supports Make in India and Digital India initiatives (Company Announcement).
- The company provided earnings guidance for fiscal year 2026, projecting stand-alone revenues of INR 57,000 million to INR 58,000 million, with 17% to 19% growth over the previous year. Net profit is forecasted at INR 3,000 million to INR 3,100 million, a growth of 3% to 7% over FY 2025 (Company Guidance).
- A Board Meeting is scheduled for August 29, 2025, to review the Annual General Meeting notice and consider appointing M/s. J B Bhave & Co as the Secretarial Auditor from FY 2025 to FY 2029-30, subject to shareholder approval (Board Meeting Notice).
- An additional Board Meeting is planned for August 8, 2025 (Board Meeting Notice).
Valuation Changes
- Consensus analyst price target has increased from ₹736.57 to ₹793.00.
- The discount rate has risen slightly from 14.89% to 15.11%.
- Revenue growth expectation has edged up from 24.52% to 24.76%.
- Net profit margin estimate has decreased marginally from 6.88% to 6.86%.
- The future P/E ratio forecast has climbed from 57.51x to 61.78x.
Disclaimer
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