Precision Wires India Ltd

Precision Wires India Ltd

₹ 445 -2.68%
27 May - close price
About

Precision Wires India Ltd is engaged in manufacturing Enamelled Round and Rectangular Copper Winding Wires, Continuously Transposed Conductor, and Paper / Mica / Nomex Insulated Copper Conductor. The Company primarily supplies to the OEM sector and to various industries like power, auto, consumer durables, transformers, construction etc. It is the largest producer of Winding Wires in South Asia. [1][2][3]

Key Points

Business Profile
PWIL is a leading player in the organized copper winding wires market in India. Company is in the business of converting copper into winding wires. These winding wires are a basic component in the supply chain of manufacturing of electrical goods. [1]

  • Market Cap 8,131 Cr.
  • Current Price 445
  • High / Low 468 / 167
  • Stock P/E 52.4
  • Book Value 42.2
  • Dividend Yield 0.26 %
  • ROCE 33.1 %
  • ROE 23.0 %
  • Face Value 1.00

Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 31.6% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 22.3%
  • Company's median sales growth is 17.3% of last 10 years

Cons

  • Stock is trading at 10.5 times its book value
  • Company's cost of borrowing seems high
  • Promoter holding has decreased over last 3 years: -3.05%

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
800 803 829 805 884 955 1,044 982 1,054 1,116 1,237 1,348 1,763
769 766 794 766 841 910 1,002 942 995 1,057 1,167 1,272 1,658
Operating Profit 31 36 35 39 43 45 42 40 59 59 70 75 104
OPM % 4% 5% 4% 5% 5% 5% 4% 4% 6% 5% 6% 6% 6%
0 0 0 0 0 0 0 0 0 0 0 0 0
Interest 9 10 9 9 9 11 12 10 13 17 15 16 25
Depreciation 4 4 4 4 5 4 4 5 6 6 7 7 7
Profit before tax 18 22 22 25 29 30 26 25 40 36 48 52 72
Tax % 29% 25% 27% 28% 25% 26% 26% 24% 25% 25% 26% 28% 24%
13 17 16 18 22 22 19 19 30 27 36 38 55
EPS in Rs 0.72 0.93 0.92 1.01 1.23 1.24 1.08 1.06 1.66 1.52 1.98 2.06 3.00
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
881 843 884 1,408 1,758 1,526 1,719 2,683 3,034 3,302 4,015 5,463
833 792 830 1,322 1,665 1,453 1,640 2,566 2,927 3,168 3,849 5,154
Operating Profit 47 52 54 85 93 73 79 117 106 134 166 309
OPM % 5% 6% 6% 6% 5% 5% 5% 4% 4% 4% 4% 6%
3 2 3 2 1 4 4 7 22 19 21 0
Interest 14 11 9 15 17 19 15 25 33 37 47 73
Depreciation 20 16 14 14 13 16 16 15 14 17 20 27
Profit before tax 17 27 33 58 65 42 52 84 81 99 120 209
Tax % 40% 36% 32% 38% 35% 24% 24% 25% 27% 26% 25% 26%
10 17 23 36 42 32 39 63 59 73 90 155
EPS in Rs 0.58 0.98 1.30 2.07 2.41 1.83 2.27 3.63 3.33 4.08 5.04 8.49
Dividend Payout % 63% 44% 36% 29% 25% 18% 29% 50% 29% 26% 23% 18%
Compounded Sales Growth
10 Years: 21%
5 Years: 26%
3 Years: 22%
TTM: 36%
Compounded Profit Growth
10 Years: 25%
5 Years: 32%
3 Years: 38%
TTM: 73%
Stock Price CAGR
10 Years: 44%
5 Years: 75%
3 Years: 75%
1 Year: 142%
Return on Equity
10 Years: 17%
5 Years: 18%
3 Years: 19%
Last Year: 23%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 12 12 12 12 12 12 12 12 18 18 18 18
Reserves 175 183 201 225 254 271 304 353 432 489 558 754
38 28 38 33 30 31 22 22 16 99 62 293
133 134 152 259 295 230 448 491 462 457 616 1,183
Total Liabilities 358 357 403 529 590 544 786 879 928 1,062 1,254 2,249
87 80 82 79 113 115 110 100 116 139 218 316
CWIP 3 12 5 10 10 4 2 6 10 19 30 183
Investments 0 2 1 1 1 1 28 9 5 52 56 177
268 263 315 438 465 423 646 764 797 851 950 1,573
Total Assets 358 357 403 529 590 544 786 879 928 1,062 1,254 2,249

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
32 45 13 95 59 48 61 43 77 60 168 273
-5 -19 -9 -17 -47 -13 -35 8 10 -94 -99 -397
-36 -27 -6 -31 -40 -31 -31 -38 -53 28 -103 199
Net Cash Flow -8 -1 -2 46 -27 4 -5 12 33 -6 -34 76
Free Cash Flow 24 26 4 77 12 36 52 32 43 11 72 -21
CFO/OP 81% 105% 44% 136% 88% 84% 89% 52% 89% 60% 115% 104%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 57 58 75 66 61 64 93 65 55 47 51 62
Inventory Days 46 50 53 32 29 29 39 33 30 35 30 33
Days Payable 52 55 61 71 62 55 100 70 57 51 56 80
Cash Conversion Cycle 51 53 66 27 28 38 33 28 28 30 25 15
Working Capital Days 35 38 47 23 27 34 33 29 31 27 26 22
ROCE % 13% 17% 18% 28% 29% 20% 20% 30% 26% 25% 27% 33%

Insights

In beta
Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Capacity Utilization
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Installed Production Capacity
MTPA
Sales Volume
MT
Geographic Presence (States Covered)
Number

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
57.93% 57.93% 57.93% 57.93% 57.93% 57.93% 57.93% 57.93% 57.93% 57.48% 56.61% 56.61%
0.47% 0.11% 0.02% 0.14% 0.31% 0.31% 0.44% 0.47% 0.76% 0.75% 1.32% 1.65%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.01% 0.01% 0.01% 0.06% 0.11%
41.60% 41.96% 42.04% 41.94% 41.76% 41.76% 41.64% 41.60% 41.31% 41.75% 42.00% 41.63%
No. of Shareholders 51,71950,92753,34556,70756,68161,80366,24462,78559,18357,78359,37962,834

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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