Precision Wires IndiaNSE:PRECWIRE
Current view Q4 2026
India's biggest transformer-wire maker, growing steadily on the grid boom (sales +35%, profit +72%). New copper plant should lift margins, but it's not running yet and stock is pricey.
Latest exchange filings last 5 · 5 after Q4 2026
- 17 Sep ’26Trial production of copper cathodes begins at Zaroli plant; commercial production expected in Q3 FY2026-27. ↗
- 12 Sep ’26BSE and NSE granted in-principle approval for 37.5 lakh CCDs of Rs 400 each on preferential basis. ↗
- 10 Sep ’26Up to ₹10 crore from preferential issue proceeds earmarked for land acquisition, subject to approvals. ↗
- 5 Sep ’26EGM approved issuance of 37.5 lakh CCDs on preferential basis to raise ₹150 crore. ↗
- 5 Sep ’26EGM approved ₹150 crore issue of 37.5 lakh CCDs for working capital and capex. ↗
Exchange filings, with the company's own one-line summary, read off the same page as the figures. Screener publishes only the most recent few, so this is the last 5 — not everything filed since your note, and a quiet-looking list is not proof of a quiet quarter. A filing is marked new when it is dated after the end of the quarter your note covers. Not scored, and not a judgement — a routine repayment notice and a takeover sit in the same list.
AI concall report · Q4 2026
The full earnings-call read behind this view — what management promised, what they delivered, and the earning trigger.
Growth Q4 2026
| Metric | This year vs lastYoY · vs Q4 2025 | vs the quarter beforeQoQ, sequential · vs Q3 2026 | 3-year yearly average3Y CAGR · compounded | 5-year yearly average5Y CAGR · compounded |
|---|---|---|---|---|
| Sales | ▲ +67.3% | +30.8% | +21.3% | +25.8% |
| Operating profit | ▲ +76.3% | +38.7% | +34.1% | +30.1% |
| EPS | ▲ +80.7% | +45.6% | +36.6% | +30.2% |
| PAT | ▲ +83.3% | +44.7% | — | — |
Tinted rows drive the Tier. Tier = the weaker of YoY Sales and YoY PAT growth. Here the weaker is Sales at +67.3%, which is ≥ 20% → Tier 1.
QoQ is sequential, not a trend. For most Indian companies the March quarter is seasonally the largest, so a June-quarter fall against it is a calendar effect. Only the YoY column feeds the Tier.
Multibagger potential
Good65/100
Growing fast — and the market has noticed. Profit per share grew 37% a year, and buyers now pay more for each rupee of it than they did a year ago. Some of the re-pricing has already happened.
₹481 → ₹961 needs the P/E at 44× — it is 56× today, and has ranged 10× to 59× over the last 5 years. The rest would come from earnings growing as they have.
What you pay for its profitlog scale · 5-year range
Tripling needs 66× — never traded above 59× in 5 years.
At ₹290 the price-tag on its earnings reaches the 34× it is being projected toward — the point where being cheap against that yardstick is used up.
Both engines fired — but you're buying after the re-rate.
How this is calculated
This is arithmetic, not a forecast — Return = ΔEPS × ΔMultiple. It says what would have to be true, not how likely it is, and "earnings keep growing at this rate for three more years" is the assumption doing the most work. This is a mid-cap at ₹8,021 cr, so the odds of a re-rate are not fighting its own size.
Growth rate used: 36.6% — the weakest of EPS / Sales / Op-profit from 3-year EPS CAGR. Latest quarter reads 60%.
How it compares with its rivals Capital Goods · 6 of 18 listed
These are the industry's largest names rather than companies of its own size, so the columns are worth reading straight across — a ranking against them would only be restating the size gap.
| Company | Price | P/E | Size | ROCE | Profitlast qtr | Saleslast qtr |
|---|---|---|---|---|---|---|
| Prec. Wires (I) | ₹477 | 49.9× | ₹8,714 Cr | 32.9% | +71.5% | +59.5% |
| CMR Green Tech. | ₹230 | 22.8× | ₹5,039 Cr | 14.0% | +16.4% | +64.9% |
| Vidya Wires | ₹87 | 29.4× | ₹1,846 Cr | 20.6% | +41.4% | +33.5% |
| Belding India | ₹975 | — | ₹1,412 Cr | 0.5% | — | — |
| Sunlite Recycli. | ₹652 | 22.4× | ₹900 Cr | 46.5% | +257.8% | +116.1% |
| JTL Defence | ₹823 | 1546.0× | ₹866 Cr | 0.7% | +10.1% | — |
Screener's own peer group, from the request already made for the industry P/E. It serves the industry's largest names by market cap, not companies of a similar size, so treat this as context rather than a like-for-like table; this company is always shown. On a phone the price, size and sales columns are dropped rather than pushed off the edge. Not part of the score.
Business quality to Jun 2026
| Are the margins widening? | broadly flat | operating margin 5% → 5% over 3 years |
|---|---|---|
| Did the profit turn into cash? | more than all of it — reserves released cash too | 126% last year, 100% over three · free cash flow −₹7 cr, positive in 4 of 5 years |
| Is the growth borrowed? | lightly borrowed | ₹293 cr — 0.38× its own equity (was 0.11×) |
| Is it being collected? | collection is steady | 62 days to collect, up 11 in a year · cash cycle 15 days |
| Who has been buying? | the promoters have been selling | promoters 56.6% (−1.3 in a year), 57.9% → 56.6% over 2.8 years · FIIs 2.5% (+1.7) · DIIs 0.1% (+0.1) · shareholders 50,927 → 67,461 |
| What does it earn on its capital? | earns a high return on the capital it employs | ROCE 32.9% · ROE 22.8% |
Fetched from the filings, not typed — and deliberately not part of the score. These are the questions the score cannot ask: it reads growth, price and trend, so a company can score well while its profit never becomes cash. Weigh these beside the note, not against the number.
Screener's own checklist not mine, not the score
In its favour
- Company is expected to give good quarter
- Company has delivered good profit growth of 31.4% CAGR over last 5 years
- Company's median sales growth is 17.3% of last 10 years
- Company's working capital requirements have reduced from 21.1 days to 10.5 days
Against it
- Stock is trading at 11.4 times its book value
- Company's cost of borrowing seems high
Generated by screener.in from a fixed checklist — not written by me and not an input to the score. It is here as a second machine opinion to weigh against the note; where it disagrees with the view above, the note is the considered one.