PG Electroplast share price today: Shares of PG Electroplast rose 3 per cent to Rs 551 apiece in early trade on Monday after the company announced a major expansion move in Maharashtra. Its wholly owned subsidiary, Next Generation Manufacturers, has signed a Memorandum of Understanding (MoU) with the Government of Maharashtra to set up a Rs 1,000 crore greenfield consumer electronics facility in Kamargaon, Ahilyanagar.
The project is a part of the Magnetic Maharashtra initiative and aims to establish integrated manufacturing capabilities for air conditioners, washing machines, refrigerators, and related products. The upcoming facility is expected to create over 5,000 direct and indirect jobs, further strengthening the consumer electronics ecosystem in western India.
The MoU was formalised in Mumbai, in the presence of Maharashtra Chief Minister Devendra Fadnavis and Industries Minister Uday Samant. According to the company, the plant will be highly vertically integrated, boosting local component manufacturing and reducing dependency on imports.
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Despite the positive momentum, the stock has remained under pressure over the past month, falling nearly 30 per cent, significantly underperforming the Nifty 50, which has declined by only 0.2 per cent in the same period. The drop followed a downward revision in the company’s full-year revenue and profit guidance.
PG Electroplast now expects its net profit for the year to be in the range of Rs 300 crore to Rs 310 crore, reflecting a modest growth of 3 per cent to 7 per cent year-on-year. This is a sharp cut from its earlier guidance of Rs 405 crore, issued during the March quarter.
Additionally, the company lowered its product business growth outlook to 17–21 per cent, translating to revenue between Rs 4,140 crore and Rs 4,280 crore, down from the previously projected Rs 4,770 crore. As a result, total group revenue guidance has been revised downward to Rs 6,550–6,650 crore, compared to the earlier target of Rs 7,200 crore.
rose 3 per cent to Rs 551 apiece in early trade on Monday after the company announced a major expansion move in Maharashtra. Its wholly owned subsidiary, Next Generation Manufacturers, has signed a Memorandum of Understanding (MoU) with the Government of Maharashtra to set up a Rs 1,000 crore greenfield consumer electronics facility in Kamargaon, Ahilyanagar.
The project is a part of the Magnetic Maharashtra initiative and aims to establish integrated manufacturing capabilities for air conditioners, washing machines, refrigerators, and related products. The upcoming facility is expected to create over 5,000 direct and indirect jobs, further strengthening the consumer electronics ecosystem in western India.
The MoU was formalised in Mumbai, in the presence of Maharashtra Chief Minister Devendra Fadnavis and Industries Minister Uday Samant. According to the company, the plant will be highly vertically integrated, boosting local component manufacturing and reducing dependency on imports.
Despite the positive momentum, the stock has remained under pressure over the past month, falling nearly 30 per cent, significantly underperforming the Nifty 50, which has declined by only 0.2 per cent in the same period. The drop followed a downward revision in the company’s full-year revenue and profit guidance.
PG Electroplast now expects its net profit for the year to be in the range of Rs 300 crore to Rs 310 crore, reflecting a modest growth of 3 per cent to 7 per cent year-on-year. This is a sharp cut from its earlier guidance of Rs 405 crore, issued during the March quarter.
Additionally, the company lowered its product business growth outlook to 17–21 per cent, translating to revenue between Rs 4,140 crore and Rs 4,280 crore, down from the previously projected Rs 4,770 crore. As a result, total group revenue guidance has been revised downward to Rs 6,550–6,650 crore, compared to the earlier target of Rs 7,200 crore.
