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PGEL - Fundamental Analysis: Financial Health & Valuation

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Rating: 2.8

Last Updated Time : 19 Mar 26, 07:10 pm

Fundamental Rating: 2.8

Stock Code PGEL Market Cap 15,330 Cr. Current Price 537 ₹ High / Low 1,008 ₹
Stock P/E 123 Book Value 91.5 ₹ Dividend Yield 0.05 % ROCE 6.83 %
ROE 4.87 % Face Value 1.00 ₹ DMA 50 575 ₹ DMA 200 611 ₹
Chg in FII Hold -0.86 % Chg in DII Hold 3.83 % PAT Qtr 31.6 Cr. PAT Prev Qtr 38.7 Cr.
RSI 42.2 MACD -19.5 Volume 31,15,454 Avg Vol 1Wk 58,34,249
Low price 465 ₹ High price 1,008 ₹ PEG Ratio 3.31 Debt to equity 0.02
52w Index 13.2 % Qtr Profit Var 31.7 % EPS 4.40 ₹ Industry PE 36.0

📊 Financial Overview

  • Revenue & Profitability: Quarterly PAT declined to ₹31.6 Cr. from ₹38.7 Cr. (-31.7%). ROE (4.87%) and ROCE (6.83%) are weak, reflecting poor efficiency and margin pressure.
  • Debt & Liquidity: Debt-to-equity at 0.02 indicates negligible leverage, ensuring balance sheet stability despite weak profitability.
  • Valuation: P/E of 123 is extremely high compared to industry average (36.0), suggesting severe overvaluation. P/B ~5.9 indicates premium pricing. PEG ratio (3.31) highlights expensive growth expectations.
  • Technical Indicators: RSI at 42.2 shows weak momentum; MACD at -19.5 indicates bearish trend. Current price ₹537 is below DMA 50 (₹575) and DMA 200 (₹611), signaling weakness.

🏢 Business Model & Competitive Advantage

  • PG Electroplast (PGEL) operates in consumer electronics and plastic components manufacturing, serving OEMs in appliances and electronics.
  • Competitive advantage lies in diversified product offerings and OEM partnerships, but profitability remains under strain.

💡 Entry Zone Recommendation

  • Entry zone: ₹465–₹520, near recent lows.
  • High risk due to overvaluation and weak returns; accumulation should be cautious and only for speculative investors.

📈 Long-Term Holding Guidance

  • Not suitable for conservative long-term holding until margins improve and valuation normalizes.
  • Upside potential only if demand stabilizes and profitability strengthens.

✅ Positive

  • Low debt-to-equity ratio (0.02).
  • DII holdings increased (+3.83%).
  • Large market cap of ₹15,330 Cr. provides stability.

⚠️ Limitation

  • High P/E (123) compared to industry average (36.0).
  • Weak ROE (4.87%) and ROCE (6.83%).
  • Dividend yield negligible at 0.05%.

📉 Company Negative News

  • Quarterly PAT declined from ₹38.7 Cr. to ₹31.6 Cr.
  • Bearish technical indicators (MACD negative, price below DMA).
  • FII holdings reduced (-0.86%).

📈 Company Positive News

  • DII holdings increased (+3.83%).
  • Strong trading volume indicates investor interest.
  • 52-week index gain of 13.2% shows resilience despite weak fundamentals.

🏭 Industry

  • Consumer electronics industry P/E at 36.0, much lower than PGEL’s valuation.
  • Sector growth driven by rising demand for appliances and OEM outsourcing.

🔎 Conclusion

  • PGEL shows stability in balance sheet but weak profitability and extreme overvaluation.
  • Entry only near ₹465–₹520 for speculative investors; long-term holding not recommended until earnings improve and valuation moderates.

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