Valuation Update With 7 Day Price Move • 7h
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹419, the stock trades at a forward P/E ratio of 44x. Average forward P/E is 39x in the Electrical industry in India. Total returns to shareholders of 365% over the past three years. Announcement • Aug 01
Precision Wires India Limited to Report Q1, 2027 Results on Aug 10, 2026 Precision Wires India Limited announced that they will report Q1, 2027 results on Aug 10, 2026 Upcoming Dividend • Jul 27
Upcoming dividend of ₹0.55 per share Eligible shareholders must have bought the stock before 31 July 2026. Payment date: 09 September 2026. Payout ratio is a comfortable 15% but the company is not cash flow positive. Trailing yield: 0.3%. Lower than top quartile of Indian dividend payers (1.4%). In line with average of industry peers (0.4%). Reported Earnings • Jul 17
Full year 2026 earnings released: EPS: ₹8.57 (vs ₹5.04 in FY 2025) Full year 2026 results: EPS: ₹8.57 (up from ₹5.04 in FY 2025). Revenue: ₹54.2b (up 35% from FY 2025). Net income: ₹1.55b (up 72% from FY 2025). Profit margin: 2.9% (up from 2.2% in FY 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 24% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electrical industry in India. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has increased by 56% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Jul 13
Dividend of ₹0.55 announced Shareholders will receive a dividend of ₹0.55. Ex-date: 31st July 2026 Payment date: 9th September 2026 Dividend yield will be 0.3%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (10% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 9.4% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 70% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jul 10
Precision Wires India Limited, Annual General Meeting, Aug 10, 2026 Precision Wires India Limited, Annual General Meeting, Aug 10, 2026, at 10:30 Indian Standard Time. Price Target Changed • May 26
Price target increased by 25% to ₹378 Up from ₹303, the current price target is an average from 2 analysts. New target price is 17% below last closing price of ₹457. Stock is up 148% over the past year. The company is forecast to post earnings per share of ₹9.60 for next year compared to ₹8.58 last year. Reported Earnings • May 24
Full year 2026 earnings released: EPS: ₹8.58 (vs ₹5.04 in FY 2025) Full year 2026 results: EPS: ₹8.58 (up from ₹5.04 in FY 2025). Revenue: ₹54.6b (up 36% from FY 2025). Net income: ₹1.55b (up 72% from FY 2025). Profit margin: 2.8% (up from 2.2% in FY 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Electrical industry in India. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has increased by 65% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 15
Precision Wires India Limited to Report Q4, 2026 Results on May 23, 2026 Precision Wires India Limited announced that they will report Q4, 2026 results at 9:08 AM, Indian Standard Time on May 23, 2026 Valuation Update With 7 Day Price Move • Apr 14
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹341, the stock trades at a forward P/E ratio of 40x. Average forward P/E is 34x in the Electrical industry in India. Total returns to shareholders of 377% over the past three years. Valuation Update With 7 Day Price Move • Mar 13
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹283, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 35x in the Electrical industry in India. Total returns to shareholders of 367% over the past three years. Price Target Changed • Feb 16
Price target increased by 7.9% to ₹303 Up from ₹281, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of ₹299. Stock is up 117% over the past year. The company is forecast to post earnings per share of ₹7.40 for next year compared to ₹5.04 last year. Reported Earnings • Feb 15
Third quarter 2026 earnings released: EPS: ₹2.06 (vs ₹1.06 in 3Q 2025) Third quarter 2026 results: EPS: ₹2.06 (up from ₹1.06 in 3Q 2025). Revenue: ₹13.5b (up 38% from 3Q 2025). Net income: ₹377.0m (up 99% from 3Q 2025). Profit margin: 2.8% (up from 1.9% in 3Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Electrical industry in India. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has increased by 56% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 14
Precision Wires India Limited Approves Second Interim Dividend The board of directors of Precision Wires India Limited at its meeting held on February 14, 2026, approved Second Interim Dividend @ 35 % i.e. INR 0.35/- was declared on the fully paid Equity Share of INR 1/- each, payable to the members within 30 days from the date declaration. 19th February, 2026 is fixed as a Record Date for the purpose of payment of Second Interim Dividend. Announcement • Feb 06
Precision Wires India Limited to Report Q3, 2026 Results on Feb 14, 2026 Precision Wires India Limited announced that they will report Q3, 2026 results at 12:08 PM, Indian Standard Time on Feb 14, 2026 New Risk • Jan 28
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 8.7% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (8.7% average weekly change). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Buy Or Sell Opportunity • Jan 09
Now 20% undervalued Over the last 90 days, the stock has risen 4.7% to ₹227. The fair value is estimated to be ₹285, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 18%. Revenue is forecast to grow by 34% in 2 years. Earnings are forecast to grow by 84% in the next 2 years. Buy Or Sell Opportunity • Dec 17
Now 23% undervalued Over the last 90 days, the stock has risen 24% to ₹225. The fair value is estimated to be ₹291, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 18%. Revenue is forecast to grow by 34% in 2 years. Earnings are forecast to grow by 84% in the next 2 years. Declared Dividend • Nov 14
Dividend of ₹0.35 announced Dividend of ₹0.35 is the same as last year. Ex-date: 18th November 2025 Payment date: 11th December 2025 Dividend yield will be 0.4%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by both earnings (23% earnings payout ratio) and cash flows (32% cash payout ratio). The dividend has increased by an average of 13% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 148% over the next 3 years, which should provide support to the dividend and adequate earnings cover. New Risk • Nov 13
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.1% average weekly change). Valuation Update With 7 Day Price Move • Nov 13
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹272, the stock trades at a forward P/E ratio of 41x. Average forward P/E is 37x in the Electrical industry in India. Total returns to shareholders of 313% over the past three years. Announcement • Nov 12
Precision Wires India Limited Announces Final Dividend, Payable on or Before 11 December, 2025 Precision Wires India Limited at its board meeting held on November 12, 2025, on the fully paid Equity Share of INR 1 each, Final Dividend @ 35% that is INR 0.35 per share was declared, payable to the members within 30 days, that is on or before 11 December, 2025. The company informed that the Interim Dividend, declared shall be paid to the equity shareholders of the Company whose names appear on the Register of Members of the Company or in the records of the Depositories as beneficial owners of the shares as on 18 November, 2025 which is the Record Date fixed for the purpose of payment of Interim Dividend. Announcement • Nov 05
Precision Wires India Limited to Report Q2, 2026 Results on Nov 12, 2025 Precision Wires India Limited announced that they will report Q2, 2026 results on Nov 12, 2025 Valuation Update With 7 Day Price Move • Oct 03
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹209, the stock trades at a trailing P/E ratio of 39.6x. Average trailing P/E is 36x in the Electrical industry in India. Total returns to shareholders of 250% over the past three years. Announcement • Aug 02
Precision Wires India Limited to Report Q1, 2026 Results on Aug 09, 2025 Precision Wires India Limited announced that they will report Q1, 2026 results at 12:08 PM, Indian Standard Time on Aug 09, 2025 Upcoming Dividend • Jul 18
Upcoming dividend of ₹0.50 per share Eligible shareholders must have bought the stock before 25 July 2025. Payment date: 08 September 2025. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 0.6%. Lower than top quartile of Indian dividend payers (1.2%). Higher than average of industry peers (0.4%). Reported Earnings • Jul 17
Full year 2025 earnings released: EPS: ₹5.04 (vs ₹4.08 in FY 2024) Full year 2025 results: EPS: ₹5.04 (up from ₹4.08 in FY 2024). Revenue: ₹40.1b (up 22% from FY 2024). Net income: ₹900.4m (up 24% from FY 2024). Profit margin: 2.2% (in line with FY 2024). Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 59% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jul 15
Precision Wires India Limited, Annual General Meeting, Aug 09, 2025 Precision Wires India Limited, Annual General Meeting, Aug 09, 2025, at 11:00 Indian Standard Time. Reported Earnings • May 23
Full year 2025 earnings released: EPS: ₹5.04 (vs ₹4.08 in FY 2024) Full year 2025 results: EPS: ₹5.04 (up from ₹4.08 in FY 2024). Revenue: ₹40.4b (up 22% from FY 2024). Net income: ₹900.4m (up 24% from FY 2024). Profit margin: 2.2% (in line with FY 2024). Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 54% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • May 15
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹162, the stock trades at a trailing P/E ratio of 35x. Average trailing P/E is 39x in the Electrical industry in India. Total returns to shareholders of 240% over the past three years. Announcement • May 10
Precision Wires India Limited to Report Q4, 2025 Results on May 17, 2025 Precision Wires India Limited announced that they will report Q4, 2025 results at 4:00 PM, Indian Standard Time on May 17, 2025 Declared Dividend • Feb 14
Dividend of ₹0.30 announced Shareholders will receive a dividend of ₹0.30. Ex-date: 18th February 2025 Payment date: 16th March 2025 Dividend yield will be 0.8%, which is higher than the industry average of 0.4%. Sustainability & Growth Dividend is covered by earnings (17% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 1.8% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 18% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 13
Third quarter 2025 earnings released: EPS: ₹1.06 (vs ₹1.01 in 3Q 2024) Third quarter 2025 results: EPS: ₹1.06 (up from ₹1.01 in 3Q 2024). Revenue: ₹9.82b (up 23% from 3Q 2024). Net income: ₹189.5m (up 5.0% from 3Q 2024). Profit margin: 1.9% (down from 2.3% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 04
Precision Wires India Limited to Report Q3, 2025 Results on Feb 12, 2025 Precision Wires India Limited announced that they will report Q3, 2025 results on Feb 12, 2025 Valuation Update With 7 Day Price Move • Jan 14
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹153, the stock trades at a trailing P/E ratio of 33.7x. Average trailing P/E is 45x in the Electrical industry in India. Total returns to shareholders of 132% over the past three years. Board Change • Nov 21
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Manoj Lekhrajani was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Declared Dividend • Nov 13
Dividend increased to ₹0.35 Dividend of ₹0.35 is 17% higher than last year. Ex-date: 20th November 2024 Payment date: 9th January 2025 Dividend yield will be 0.7%, which is higher than the industry average of 0.4%. Sustainability & Growth Dividend is covered by earnings (24% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 7.0% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 17% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 12
Second quarter 2025 earnings released: EPS: ₹1.08 (vs ₹0.91 in 2Q 2024) Second quarter 2025 results: EPS: ₹1.08 (up from ₹0.91 in 2Q 2024). Revenue: ₹10.4b (up 27% from 2Q 2024). Net income: ₹192.7m (up 18% from 2Q 2024). Profit margin: 1.8% (down from 2.0% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 62% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Nov 04
Precision Wires India Limited to Report Q2, 2025 Results on Nov 11, 2024 Precision Wires India Limited announced that they will report Q2, 2025 results on Nov 11, 2024 Valuation Update With 7 Day Price Move • Oct 14
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₹214, the stock trades at a trailing P/E ratio of 48.6x. Average trailing P/E is 50x in the Electrical industry in India. Total returns to shareholders of 536% over the past three years. Announcement • Sep 21
Precision Wires India Limited Re-Designates Milan Mahendra Mehta from Vice Chairman & Managing Director to Chairman & Managing Director Effective October 1, 2024 Precision Wires India Limited announced that at the AGM held on September 20, 2024, approved the re-designated Shri. Milan Mahendra Mehta from Vice Chairman & Managing Director to Chairman & Managing Director Effective October 1, 2024. Announcement • Sep 13
Precision Wires India Limited Appoints Sanjay Singhvi as an Executive Director Precision Wires India Limited announced the appointment of Shri Sanjay Singhvi (DIN: 07851612) as an Executive Director of the Company. Upcoming Dividend • Sep 06
Upcoming dividend of ₹0.45 per share Eligible shareholders must have bought the stock before 13 September 2024. Payment date: 20 October 2024. Payout ratio is a comfortable 26% but the company is paying out more than the cash it is generating. Trailing yield: 0.6%. Lower than top quartile of Indian dividend payers (1.0%). Higher than average of industry peers (0.3%). Announcement • Aug 23
Precision Wires India Limited, Annual General Meeting, Sep 20, 2024 Precision Wires India Limited, Annual General Meeting, Sep 20, 2024, at 14:30 Indian Standard Time. Announcement • Aug 22
Precision Wires India Limited Proposes Final Dividend for the Financial Year Ended March 31, 2024, Payable on October 20, 2024 Precision Wires India Limited at its AGM to be held on September 20, 2024 proposed final dividend of INR 0.45 per share for the financial year ended March 31, 2024. The Company has fixed 13th September, 2024 as book closure date for the purpose of payment of Final Dividend to Members for Financial Year ended 31 March, 2024, if approved at the AGM. The Register of Members and the Share Transfer Books of the Company will be closed from 14th September, 2024 to 20th September, 2024 (both days inclusive). The dividend, if declared at the AGM, will be paid subject to deduction of tax at source ('TDS') on or before Sunday, 20th October, 2024. Valuation Update With 7 Day Price Move • Aug 21
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹171, the stock trades at a trailing P/E ratio of 39x. Average trailing P/E is 54x in the Electrical industry in India. Total returns to shareholders of 445% over the past three years. Reported Earnings • Aug 12
First quarter 2025 earnings released: EPS: ₹1.24 (vs ₹0.93 in 1Q 2024) First quarter 2025 results: EPS: ₹1.24 (up from ₹0.93 in 1Q 2024). Revenue: ₹9.52b (up 19% from 1Q 2024). Net income: ₹222.3m (up 34% from 1Q 2024). Profit margin: 2.3% (up from 2.1% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 72% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 02
Precision Wires India Limited to Report Q1, 2025 Results on Aug 10, 2024 Precision Wires India Limited announced that they will report Q1, 2025 results at 12:08 PM, Indian Standard Time on Aug 10, 2024 Valuation Update With 7 Day Price Move • Jun 24
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹165, the stock trades at a trailing P/E ratio of 40.3x. Average trailing P/E is 50x in the Electrical industry in India. Total returns to shareholders of 465% over the past three years. Valuation Update With 7 Day Price Move • Jun 11
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ₹140, the stock trades at a trailing P/E ratio of 34.3x. Average trailing P/E is 43x in the Electrical industry in India. Total returns to shareholders of 376% over the past three years. Announcement • May 12
Precision Wires India Limited to Report Q4, 2024 Results on May 18, 2024 Precision Wires India Limited announced that they will report Q4, 2024 results at 12:08 PM, Indian Standard Time on May 18, 2024 Announcement • Apr 16
Precision Wires India Limited Appoints Manoj Lekhrajani as Independent Director Precision Wires India Limited announced appointment of Shri Manoj Lekhrajani as an Independent Director of the Company, approved through postal ballot notice. Valuation Update With 7 Day Price Move • Mar 27
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹133, the stock trades at a trailing P/E ratio of 37.4x. Average trailing P/E is 34x in the Electrical industry in India. Total returns to shareholders of 438% over the past three years. Upcoming Dividend • Feb 13
Upcoming dividend of ₹0.30 per share at 0.7% yield Eligible shareholders must have bought the stock before 20 February 2024. Payment date: 09 March 2024. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of Indian dividend payers (1.2%). Higher than average of industry peers (0.4%). Declared Dividend • Feb 10
Dividend of ₹0.30 announced Dividend of ₹0.30 is the same as last year. Ex-date: 20th February 2024 Payment date: 9th March 2024 Dividend yield will be 0.7%, which is higher than the industry average of 0.4%. Sustainability & Growth Dividend is well covered by both earnings (10% earnings payout ratio) and cash flows (36% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 9.3% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 09
Third quarter 2024 earnings released: EPS: ₹1.01 (vs ₹0.87 in 3Q 2023) Third quarter 2024 results: EPS: ₹1.01 (up from ₹0.87 in 3Q 2023). Revenue: ₹8.05b (up 15% from 3Q 2023). Net income: ₹180.5m (up 19% from 3Q 2023). Profit margin: 2.2% (in line with 3Q 2023). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 81% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 08
Precision Wires India Limited Approves Second Interim Dividend Precision Wires India Limited approved second interim dividend @30% i.e. INR 0.30 per Equity Shares of fully paid of INR 1 each. The record date for payment of Second Interim Dividend is 20 February, 2023. Announcement • Feb 01
Precision Wires India Limited to Report Nine Months, 2024 Results on Feb 08, 2024 Precision Wires India Limited announced that they will report nine months, 2024 results on Feb 08, 2024 Buy Or Sell Opportunity • Jan 30
Now 20% undervalued Over the last 90 days, the stock has risen 23% to ₹143. The fair value is estimated to be ₹180, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Earnings per share has grown by 20%. Reported Earnings • Nov 09
Second quarter 2024 earnings released: EPS: ₹0.91 (vs ₹0.85 in 2Q 2023) Second quarter 2024 results: EPS: ₹0.91 (up from ₹0.85 in 2Q 2023). Revenue: ₹8.29b (up 15% from 2Q 2023). Net income: ₹163.5m (up 12% from 2Q 2023). Profit margin: 2.0% (in line with 2Q 2023). Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 81% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Nov 01
Precision Wires India Limited to Report Q2, 2024 Results on Nov 08, 2023 Precision Wires India Limited announced that they will report Q2, 2024 results on Nov 08, 2023 Valuation Update With 7 Day Price Move • Sep 20
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹124, the stock trades at a trailing P/E ratio of 37.3x. Average trailing P/E is 34x in the Electrical industry in India. Total returns to shareholders of 749% over the past three years. Announcement • Sep 05
Precision Wires India Limited Declares Final Dividend for the Year Ended March 31, 2023 Precision Wires India Limited announced the Chairman informed the Members that during the year under review, the two installments of dividend @30% each, aggregating to 60%, were declared and paid. The Director at their meeting held on May 27, 2023 have declared a Final Dividend of 36% for approval of the members. Therefore the total dividend for the year ending 31, March, 2023 will be 96%. Upcoming Dividend • Aug 21
Upcoming dividend of ₹0.36 per share at 1.0% yield Eligible shareholders must have bought the stock before 28 August 2023. Payment date: 04 October 2023. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of Indian dividend payers (1.5%). Higher than average of industry peers (0.4%). Reported Earnings • Aug 11
First quarter 2024 earnings released: EPS: ₹0.93 (vs ₹0.97 in 1Q 2023) First quarter 2024 results: EPS: ₹0.93 (down from ₹0.97 in 1Q 2023). Revenue: ₹8.03b (down 2.3% from 1Q 2023). Net income: ₹165.5m (down 1.7% from 1Q 2023). Profit margin: 2.1% (up from 2.0% in 1Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has increased by 85% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 03
Precision Wires India Limited to Report Q1, 2024 Results on Aug 10, 2023 Precision Wires India Limited announced that they will report Q1, 2024 results on Aug 10, 2023 Reported Earnings • May 31
Full year 2023 earnings released: EPS: ₹3.33 (vs ₹3.63 in FY 2022) Full year 2023 results: EPS: ₹3.33 (down from ₹3.63 in FY 2022). Revenue: ₹30.6b (up 14% from FY 2022). Net income: ₹594.9m (down 5.6% from FY 2022). Profit margin: 1.9% (down from 2.3% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has increased by 90% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 28
Precision Wires India Limited Declares a Final Dividend Precision Wires India Limited at its board meeting held on May 27, 2023, declared a Final Dividend @ 36 % i.e. INR 0.36, payable to the members within 30 days of approval in the upcoming Annual General Meeting of the Company. Announcement • May 20
Precision Wires India Limited to Report Fiscal Year 2023 Results on May 27, 2023 Precision Wires India Limited announced that they will report fiscal year 2023 results on May 27, 2023 Valuation Update With 7 Day Price Move • May 17
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹86.05, the stock trades at a trailing P/E ratio of 23.7x. Average trailing P/E is 23x in the Electrical industry in India. Total returns to shareholders of 788% over the past three years. Announcement • May 13
Precision Wires India Limited Announces Resignation of Vandana Garg as Director Precision Wires India Limited announced that Mrs. Vandana Garg (DIN: 05174189), Independent Director has resigned from the Board of Directors with immediate effect, due to prior commitments and Pre-Occupation. Recent Insider Transactions • Mar 26
General Manager of Marketing recently sold ₹2.0m worth of stock On the 24th of March, Satyen Jhaveri sold around 31k shares on-market at roughly ₹63.67 per share. This transaction amounted to 79% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Upcoming Dividend • Feb 17
Upcoming dividend of ₹0.30 per share at 0.5% yield Eligible shareholders must have bought the stock before 24 February 2023. Payment date: 12 March 2023. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 0.5%. Lower than top quartile of Indian dividend payers (1.6%). In line with average of industry peers (0.5%). Announcement • Feb 16
Precision Wires India Limited announced that it has received INR 381.374043 million in funding from Singularity Holdings Limited, Asset Management Arm, Four Dimensions Securities (India) Limited Precision Wires India Limited announced that it has issued 52,03,630 equity Shares at an issue price of INR 73.29 per share for the gross proceeds of INR 381,374,043 on Preferential basis on February 15, 2023. The transaction included participation from Four Dimensions Securities (India) Limited for 2601815 and Four Dimensions Securities (India) Limited for 2601815 equity shares. The transaction has been approved by the board of directors of the company. Reported Earnings • Feb 12
Third quarter 2023 earnings released: EPS: ₹0.87 (vs ₹1.05 in 3Q 2022) Third quarter 2023 results: EPS: ₹0.87 (down from ₹1.05 in 3Q 2022). Revenue: ₹7.04b (flat on 3Q 2022). Net income: ₹151.4m (down 17% from 3Q 2022). Profit margin: 2.2% (down from 2.6% in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has increased by 54% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 12
Precision Wires India Limited Declares Second Interim Dividend for Financial Year of 2022-2023, Payable on or Before 12 March 2023 Precision Wires India Limited Board has declared second Interim Dividend for financial year of 2022-2023 @ INR 0.30 (30%) per equity share of INR 1 each fully paid up (Post Bonus). The Record date fixed for the purpose of determining the entitlement of members for the 2nd Interim Dividend is 24th February, 2023, and said second Interim dividend will be paid on or before 12th March, 2023 to those members entitled thereto. Earlier, the Board of Directors of the Company has declared and paid 1st Interim Dividend of INR 0.30 (30%) per Share on Face Value of INR 1/- per fully paid up Equity Share (Pre-Bonus). Announcement • Feb 04
Precision Wires India Limited to Report Q3, 2023 Results on Feb 11, 2023 Precision Wires India Limited announced that they will report Q3, 2023 results on Feb 11, 2023