📅 EduInvesting.in | May 15, 2025
🎮 Ticker: PGEL | Sector: EMS | Vibe: “Hum TV nahi banate, hum banate hain woh jo TV ke andar hai.”
🏢 1. About the Company – “OEM, But Make It Sexy”
While you were busy buying LG, Samsung, and Whirlpool appliances, PG Electroplast was out here manufacturing the parts that make them work.
And now, they’ve upgraded from “Plastic shell laga do” to “Full LED TV design bhi hum denge bhaiya.”
Basically: India’s EMS mafia that builds washing machines without drama, unlike the startup bros who only wash investor hopes.
👔 2. KMP – “The Guptaverse: Engineering Edition”
PGEL is run by the Gupta Bros — and no, not the ones from South Africa.
| Name | Role | Vibe |
|---|---|---|
| Anurag Gupta | Tech Head | “Washing machine toh main hoon” |
| Vishal Gupta | Finance Boss | “Numbers are clean, like our plastics” |
| Vikas Gupta | Ops Head | “Delivery before deadline, or else…” |
Family business but with precision, not emotional pitch decks.
📊 3. Financials – “The Numbers Are Not Just Good, They’re Dhobi-clean”
| Metric | FY25 | YoY Growth |
|---|---|---|
| Revenue | ₹4,904 Cr | 🔼 77.7% |
| Net Profit | ₹291 Cr | 🔼 112% |
| EPS (TTM) | ₹10.16 | Clean & clear |
| Debt/Equity | 0.14 | Debt-free vibes |
| P/E Ratio | 81.9x | Valuation toh Cloud9 pe |
“High valuation toh hai, but delivery bhi high-speed hai.”
🎯 4. Fair Value Calculation – “Ab batao kitna paisa milega?”
- FY25 EPS: ₹10.16
- FY26 Projected EPS: ₹14
- Industry P/E: 60x (EMS = hot sector)
- 🎯 FV = ₹14 × 60 = ₹840
CMP = ₹809 → Mathematically almost there, but technically still has legs.
“Is it expensive? Yes. But so is every overachiever stock before it breaks out.”
📈 5. Growth Outlook – “Washing Machines ke saath Portfolio bhi Clean Ho Raha Hai”
- EMS market is growing at 20% CAGR
- Government is throwing PLI schemes like Diwali mithai
- PGEL is bagging orders faster than your local AC repair guy during May heatwave
- Focus on ODM = Better margins, less client tantrums
🧠 6. EduInvesting Take – “PGEL = Profit Generating ElectroStock”
Let’s be clear:
✅ They’re not just a parts vendor anymore
✅ They’re doing end-to-end design + assembly
✅ Execution is on point
✅ Numbers are climbing like your AC bill in summer
But…
🚫 82x P/E is not cheap.
🚫 If you enter at the top, don’t cry like you bought Paytm in 2021.
Verdict: Buy on dips. Or prepare for dips in your P&L.
⚠️ 7. Risks – “Kya ho sakta hai galat?”
- Valuation Coma: It’s already priced for perfection
- Consumer electronics dependency: One bad monsoon = No AC demand = No profit
- China’s comeback: If they start dumping products again, margins can melt
“Yeh stock washing machine banata hai, lekin aapka portfolio rinse cycle mein mat jaaye.”
📸 Meme of the Day
Retail trader who thought PGEL was a PSU because of the name
“When I found out this was not a ‘Power Grid’ stock but an AC manufacturer.”
📌 Tags:
pg electroplast share analysis, pgel share review, ems stocks india, multibagger 2025, pgel gupta brothers, consumer electronics manufacturing, eduinvesting style
